Definitive Analysis
Definitive Analysis

Financial Statements

Analysis Mode

Ticker

Industry

Sector

Concentrix Corporation (CNXC)

Company Dividend Discount ModelIndustry: Information Technology ServicesSector: Technology

Valuation Snapshot

Stable Growth$34.56 - $49.63$41.92
Multi-Stage$55.42 - $60.86$58.09
Blended Fair Value$50.00
Current Price$52.76
Upside-5.22%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR20242023202220212020201920182017
DPS0.00%0.00%1.310.990.840.200.000.000.000.000.000.00
YoY Growth--31.99%18.84%308.42%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Dividend Yield--2.90%1.37%0.61%0.10%0.00%0.00%0.00%0.00%0.00%0.00%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)316.11
(-) Cash Dividends Paid (M)89.03
(=) Cash Retained (M)227.08
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)63.2239.5123.71
Cash Retained (M)227.08227.08227.08
(-) Cash Required (M)-63.22-39.51-23.71
(=) Excess Retained (M)163.86187.57203.37
(/) Shares Outstanding (M)63.9863.9863.98
(=) Excess Retained per Share2.562.933.18
LTM Dividend per Share1.391.391.39
(+) Excess Retained per Share2.562.933.18
(=) Adjusted Dividend3.954.324.57
WACC / Discount Rate9.21%9.21%9.21%
Growth Rate-2.00%-1.00%0.00%
Fair Value$34.56$41.92$49.63
Upside / Downside-34.50%-20.54%-5.94%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)316.11312.95309.82306.72303.65300.62309.64
Payout Ratio28.16%40.53%52.90%65.27%77.63%90.00%92.50%
Projected Dividends (M)89.03126.84163.89200.18235.73270.56286.41

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate9.21%9.21%9.21%
Growth Rate-2.00%-1.00%0.00%
Year 1 PV (M)114.97116.14117.32
Year 2 PV (M)134.65137.41140.20
Year 3 PV (M)149.08153.69158.40
Year 4 PV (M)159.13165.72172.52
Year 5 PV (M)165.54174.16183.14
PV of Terminal Value (M)2,822.362,969.333,122.36
Equity Value (M)3,545.743,716.473,893.94
Shares Outstanding (M)63.9863.9863.98
Fair Value$55.42$58.09$60.86
Upside / Downside5.04%10.10%15.35%

High-Yield Dividend Screener

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