Financials Cognizant Technology Solutions Corporation

Equities

CTSH

US1924461023

IT Services & Consulting

Market Closed - Nasdaq 04:00:00 2024-04-26 pm EDT 5-day change 1st Jan Change
66.94 USD +0.27% Intraday chart for Cognizant Technology Solutions Corporation -0.74% -11.37%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 33,960 43,814 46,600 29,391 37,872 33,326 - -
Enterprise Value (EV) 1 31,274 41,791 44,545 27,536 35,876 30,193 28,831 27,113
P/E ratio 18.9 x 31.9 x 21.9 x 13 x 17.9 x 14.8 x 13.5 x 12.2 x
Yield 1.32% 1.1% 1.12% 1.89% - 1.83% 1.97% 2.05%
Capitalization / Revenue 2.02 x 2.63 x 2.52 x 1.51 x 1.96 x 1.72 x 1.64 x 1.52 x
EV / Revenue 1.86 x 2.51 x 2.41 x 1.42 x 1.85 x 1.55 x 1.42 x 1.24 x
EV / EBITDA 9.49 x 14.2 x 13 x 7.79 x 10.4 x 8.58 x 7.69 x 6.63 x
EV / FCF 14.8 x 14.4 x 20.1 x 12.3 x 17.8 x 13.8 x 12.2 x 11.1 x
FCF Yield 6.74% 6.94% 4.97% 8.12% 5.61% 7.26% 8.23% 9.04%
Price to Book 3.08 x 4.01 x 3.88 x 2.36 x 2.84 x 2.27 x 2.02 x 1.86 x
Nbr of stocks (in thousands) 547,566 534,641 525,252 513,921 501,413 497,842 - -
Reference price 2 62.02 81.95 88.72 57.19 75.53 66.94 66.94 66.94
Announcement Date 2/5/20 2/3/21 2/2/22 2/2/23 2/6/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 16,783 16,652 18,507 19,428 19,353 19,429 20,331 21,868
EBITDA 1 3,294 2,946 3,420 3,537 3,437 3,520 3,748 4,087
EBIT 1 2,787 2,394 2,846 2,968 2,918 2,971 3,173 3,430
Operating Margin 16.61% 14.38% 15.38% 15.28% 15.08% 15.29% 15.61% 15.69%
Earnings before Tax (EBT) 1 2,543 2,096 2,827 3,016 2,787 3,012 3,270 3,609
Net income 1 1,842 1,392 2,137 2,290 2,126 2,266 2,458 2,699
Net margin 10.98% 8.36% 11.55% 11.79% 10.99% 11.66% 12.09% 12.34%
EPS 2 3.290 2.570 4.050 4.410 4.210 4.527 4.961 5.473
Free Cash Flow 1 2,107 2,901 2,216 2,236 2,013 2,193 2,372 2,451
FCF margin 12.55% 17.42% 11.97% 11.51% 10.4% 11.29% 11.67% 11.21%
FCF Conversion (EBITDA) 63.96% 98.47% 64.8% 63.22% 58.57% 62.29% 63.3% 59.99%
FCF Conversion (Net income) 114.39% 208.41% 103.7% 97.64% 94.68% 96.76% 96.52% 90.82%
Dividend per Share 2 0.8200 0.9000 0.9900 1.080 - 1.223 1.316 1.369
Announcement Date 2/5/20 2/3/21 2/2/22 2/2/23 2/6/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1
Net sales 1 4,744 4,777 4,826 4,906 4,857 4,839 4,812 4,886 4,897 4,758 4,721 4,827 4,916 4,896 4,958
EBITDA 1 893 876 867 904 939 827 834 708 887 891 843.6 856 887.4 892 880.5
EBIT 1 749 732 724 760 798 686 702 694 758 764 711.6 721.6 759.6 778.5 757
Operating Margin 15.79% 15.32% 15% 15.49% 16.43% 14.18% 14.59% 14.2% 15.48% 16.06% 15.07% 14.95% 15.45% 15.9% 15.27%
Earnings before Tax (EBT) 1 731 737 729 761 812 714 738 587 713 749 706.9 720.6 758.5 781.4 770.2
Net income 1 544 576 563 577 629 521 580 463 525 558 537.1 542 574.7 591.3 585.5
Net margin 11.47% 12.06% 11.67% 11.76% 12.95% 10.77% 12.05% 9.48% 10.72% 11.73% 11.38% 11.23% 11.69% 12.08% 11.81%
EPS 2 1.030 1.100 1.070 1.110 1.220 1.020 1.140 0.9100 1.040 1.110 1.074 1.090 1.160 1.195 1.184
Dividend per Share 2 0.2400 0.2700 0.2700 0.2700 0.2700 0.2700 0.2900 0.2900 0.2900 - 0.2958 0.2958 0.2958 0.2958 0.3142
Announcement Date 10/27/21 2/2/22 5/4/22 7/27/22 11/2/22 2/2/23 5/3/23 8/2/23 11/1/23 2/6/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - - - -
Net Cash position 1 2,686 2,023 2,055 1,855 1,996 3,133 4,495 6,213
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 2,107 2,901 2,216 2,236 2,013 2,193 2,372 2,451
ROE (net income / shareholders' equity) 19.9% 12.7% 18.7% 17.3% 18% 16.6% 16.3% 15.7%
ROA (Net income/ Total Assets) 11.5% 8.4% 12.3% 11.7% 6.93% 12% 11.9% 11.8%
Assets 1 16,025 16,564 17,388 19,497 30,688 18,900 20,709 22,840
Book Value Per Share 2 20.10 20.40 22.80 24.20 26.60 29.40 33.10 36.00
Cash Flow per Share 2 4.460 6.100 4.730 4.950 4.610 4.160 4.980 7.180
Capex 1 392 398 279 332 317 370 393 407
Capex / Sales 2.34% 2.39% 1.51% 1.71% 1.64% 1.9% 1.94% 1.86%
Announcement Date 2/5/20 2/3/21 2/2/22 2/2/23 2/6/24 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
B
More Ratings
Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
30
Last Close Price
66.94 USD
Average target price
78.32 USD
Spread / Average Target
+17.00%
Consensus
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