Added to YB: 2024-05-23
Pitch date: 2024-05-02
CNXC [neutral]
Concentrix Corporation
-36.23%
current return
Author Info
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Company Info
Concentrix Corporation designs, builds, and runs integrated customer experience (CX) solutions worldwide.
Market Cap
$2.2B
Pitch Price
$60.81
Price Target
N/A
Dividend
4.08%
EV/EBITDA
4.18
P/E
7.44
EV/Sales
0.78
Sector
Professional Services
Category
special_situation
Show full summary:
FPA Queens Road Small Cap Value Fund Portfolio Holding: Concentrix Corporation
CNXC: Top CX vendor, evolved into hi-tech BPO. Acquired WebHelp for $4.8B to consolidate industry. FY23 earnings: weak 1-3% '24 organic growth guide. AI fears & 3x debt from deal pressuring shares. Now <5x adj EPS despite switching costs from integration. Holding, not adding.
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