Financials ExlService Holdings, Inc.

Equities

EXLS

US3020811044

Business Support Services

Real-time Estimate Cboe BZX Other stock markets 02:50:14 2025-01-13 pm EST			5-day change	1st Jan Change
45.74 ^USD	+1.39%		+2.47%	+3.09%

Nov. 19	ExlService Receives Contract From Data Communications Company for Service Desk Operations	MT
Nov. 14	Exlservice Holdings Insider Sold Shares Worth $9,324,000, According to a Recent SEC Filing	MT

Projected Income Statement: ExlService Holdings, Inc.

income-statement-evolution-chart EXLSERVICE-HOLDINGS-INC

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	991.3	958.4	1,122	1,412	1,631	1,833	2,051	2,299
Change	-	-3.32%	17.1%	25.82%	15.48%	12.44%	11.87%	12.11%
EBITDA ¹	163.2	188.7	244.9	297.5	349.1	395.3	446.7	507.5
Change	-	15.65%	29.79%	21.44%	17.37%	13.22%	13.02%	13.61%
EBIT ¹	76.45	110	155.9	192.2	238.8	259.3	301.7	347.7
Change	-	43.91%	41.68%	23.27%	24.25%	8.59%	16.37%	15.22%
Interest Paid ¹	2.895	-	-13.63	-8.262	-2.346	-9.733	-11.55	-11.05
Earnings before Tax (EBT) ¹	83.1	115.3	146.6	190.1	237.9	256.6	298.2	343.1
Change	-	38.78%	27.08%	29.71%	25.17%	7.83%	16.24%	15.04%
Net income ¹	67.66	89.48	114.8	143	184.6	197.7	229.4	264.9
Change	-	32.25%	28.26%	24.58%	29.09%	7.14%	16.02%	15.46%
Announcement Date	2/27/20	2/25/21	2/24/22	2/23/23	2/29/24	-	-	-

¹USD in Million

Estimates

Fiscal Period: December	2019 Q4	2020 Q1	2020 Q2	2020 Q3	2020 Q4	2021 Q1	2021 Q2	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	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3
Net sales ¹	256.9	246	222.5	241	249	261.4	275.1	290.3	295.5	329.2	346.8	361.4	374.7	400.6	405	411	414.1	436.5	448.4	472.1	476	488.4	502.4	526.5	535.8	538.5	551.3	570.4
Change	-	-4.24%	-9.56%	8.34%	3.31%	4.99%	5.22%	5.55%	1.78%	11.41%	5.34%	4.2%	3.7%	6.92%	1.09%	1.48%	0.75%	5.42%	2.72%	5.29%	0.82%	2.61%	2.88%	4.78%	1.78%	0.49%	2.4%	3.46%
EBITDA ¹	41.74	44.72	30	55.18	58.83	61.49	58.21	65.64	59.61	68.94	74.71	76.85	76.97	86.5	89.39	90.58	82.65	91.72	98.63	104.4	101.1	105.3	108.4	117.1	120.7	-	-	-
Change	-	7.14%	-32.92%	83.94%	6.62%	4.52%	-5.33%	12.76%	-9.18%	15.64%	8.38%	2.85%	0.16%	12.38%	3.34%	1.33%	-8.76%	10.98%	7.53%	5.89%	-3.18%	4.12%	2.97%	8.05%	3.09%	-100%	-	-
EBIT ¹	23.31	27.49	9.866	34.41	38.26	41.56	35.83	42.44	36.06	43.98	47.08	50.11	51	59.45	64.81	60.23	54.27	61.52	61.45	69.4	67.08	69.89	72.16	79.52	82.3	-	-	-
Change	-	17.9%	-64.11%	248.73%	11.21%	8.6%	-13.78%	18.44%	-15.03%	21.96%	7.06%	6.44%	1.76%	16.58%	9.02%	-7.07%	-9.9%	13.37%	-0.12%	12.95%	-3.35%	4.18%	3.25%	10.2%	3.5%	-100%	-	-
Charge d'intérêts ¹	0.433	-	-	-	0.219	-1.064	-2.52	-0.089	0.67	-	-1.676	-0.181	-7.94	-0.23	-0.579	-2.627	1.09	-3.291	-1.778	-1.152	-3.033	-3.9	-3.8	-3.7	-3.7	-	-	-
Earnings before Tax (EBT) ¹	24.03	28.32	12.57	34.98	39.46	40.92	36.88	30.68	38.08	47.27	46.83	51.43	44.57	59.32	64.56	58.01	56.05	62.54	59.71	68.53	65.17	68.05	70.32	77.72	80.6	-	-	-
Change	-	17.87%	-55.63%	178.34%	12.82%	3.71%	-9.89%	-16.82%	24.15%	24.11%	-0.93%	9.84%	-13.34%	33.1%	8.82%	-10.14%	-3.38%	11.59%	-4.54%	14.78%	-4.91%	4.43%	3.34%	10.52%	3.71%	-100%	-	-
Net income ¹	21.36	22.41	8.429	26.42	32.22	31.93	28.02	26.51	28.3	36.18	35.85	39.1	31.85	51.33	49.07	43.88	40.28	48.76	45.82	53.04	49.96	52.43	54.89	60.29	63.11	-	-	-
Change	-	4.94%	-62.39%	213.42%	21.95%	-0.89%	-12.25%	-5.4%	6.76%	27.84%	-0.92%	9.06%	-18.53%	61.17%	-4.41%	-10.58%	-8.19%	21.05%	-6.03%	15.74%	-5.8%	4.95%	4.69%	9.82%	4.68%	-100%	-	-
Announcement Date	2/27/20	5/7/20	8/6/20	10/29/20	2/25/21	4/29/21	7/29/21	11/2/21	2/24/22	4/28/22	7/28/22	10/27/22	2/23/23	4/27/23	7/27/23	10/26/23	2/29/24	5/2/24	8/1/24	10/29/24	-	-	-	-	-	-	-	-

¹USD in Million

Estimates

Forecast Balance Sheet: ExlService Holdings, Inc.

balance-sheet-analysis-chart EXLSERVICE-HOLDINGS-INC

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	-86.4	-176	-53.9	-47.7	-90.8	-64.1	-203	-369
Change	-	-303.7%	-130.62%	-188.5%	-290.36%	-170.57%	-416.69%	-281.77%
Announcement Date	2/27/20	2/25/21	2/24/22	2/23/23	2/29/24	-	-	-

¹USD in Million

Estimates

Cash Flow Forecast: ExlService Holdings, Inc.

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
CAPEX ¹	40.14	42.22	37.25	44.84	52.8	51	62	69
Change	-	5.2%	-11.78%	20.37%	17.77%	-3.41%	21.57%	11.29%
Free Cash Flow (FCF) ¹	128.3	160.7	146.5	121.3	158.4	262	289	322
Change	-	25.31%	-8.87%	-17.19%	30.58%	65.41%	10.31%	11.42%
Announcement Date	2/27/20	2/25/21	2/24/22	2/23/23	2/29/24	-	-	-

¹USD in Million

Estimates

Forecast Financial Ratios: ExlService Holdings, Inc.

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Profitability
EBITDA Margin (%)	16.46%	19.69%	21.83%	21.07%	21.41%	21.56%	21.78%	22.07%
EBIT Margin (%)	7.71%	11.48%	13.89%	13.61%	14.64%	14.14%	14.71%	15.12%
EBT Margin (%)	8.38%	12.03%	13.06%	13.46%	14.59%	13.99%	14.54%	14.92%
Net margin (%)	6.82%	9.34%	10.23%	10.12%	11.32%	10.78%	11.19%	11.52%
FCF margin (%)	12.94%	16.77%	13.05%	8.59%	9.71%	14.29%	14.09%	14%
FCF / Net Income (%)	189.6%	179.66%	127.65%	84.85%	85.82%	132.5%	125.97%	121.56%
Profitability
ROA	9.56%	10.03%	13.08%	15.48%	13.24%	16.82%	16.73%	16.72%
ROE	16.67%	17.56%	23.45%	28.05%	22.4%	29.46%	27.86%	26.82%
Financial Health
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Debt / Free cash flow	-	-	-	-	-	-	-	-
Capital Intensity
CAPEX / Current Assets (%)	4.05%	4.41%	3.32%	3.18%	3.24%	2.78%	3.02%	3%
CAPEX / EBITDA (%)	24.6%	22.37%	15.21%	15.07%	15.12%	12.9%	13.88%	13.6%
CAPEX / FCF (%)	31.29%	26.27%	25.43%	36.96%	33.34%	19.47%	21.45%	21.43%
Items per share
Cash flow per share ¹	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
Dividend per Share ¹	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
Book Value Per Share ¹	3.92	4.286	4.164	4.563	5.381	6.334	7.183	8.843
Change	-	9.34%	-2.84%	9.57%	17.95%	17.71%	13.4%	23.11%
EPS ¹	0.39	0.518	0.67	0.846	1.1	1.205	1.42	1.649
Change	-	32.82%	29.34%	26.27%	30.02%	9.59%	17.8%	16.11%
Nbr of stocks (in thousands)	170,473	169,048	166,515	165,323	164,923	160,882	160,882	160,882
Announcement Date	2/27/20	2/25/21	2/24/22	2/23/23	2/29/24	-	-	-