Exlservice Holdings, Inc.

Consumer Discretionary
Business Services
www.exlservice.com

Earnings Score
Moat Score
Safety Score
Final Score

Market Cap $7.42B
PE 39
Debt $349.61M
Cash $163.26M
EV $7.60B
FCF $194.33M

Earnings

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Sales & Net Margins

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Earnings	$187.91M
EBIT	$251.58M
ROE	21%
ROA	16%
FCF	$194.33M
Equity	$907.56M
Growth Stability	100%
PE	39.47
PEG	1.55
PB	8.17
P/FCF	38.17
P/S	4.19
Price/Cash	0.02
Debt/Equity	0.39
Debt/FCF	1.8
Net Margins	11%
Gross Margins	37%
Op. Margins	14%
Earnings CAGR	18%
Sales Growth YoY	15%
Sales Growth QoQ	5%
Sales CAGR	12%
FCF CAGR	13%
Equity CAGR	7%
Earnings Stability	0.8
Earnings Growth YoY	21%
Earnings Growth QoQ	16%

Earnings CAGR 5Y	25%
Sales CAGR 5Y	16%
FCF CAGR 5Y	2%
Equity CAGR 5Y	6%
Earnings CAGR 3Y	18%
Sales CAGR 3Y	18%
FCF CAGR 3Y	10%
Equity CAGR 3Y	11%
Market Cap	$7.42B
Revenue	$1.77B
Assets	$1.61B
Total Debt	$349.61M
Cash	$163.26M
Shares Outstanding	160.88M
EV	7.6B
Earnings Score	93%
Moat Score	94%
Safety Score	94%
Final Score	94%
Working Capital	513.5M
Current Ratio	3.02
Gross Profit	$659.46M
Shares Growth 3y	4%
Equity Growth QoQ	6%
Equity Growth YoY	6%

Assets & ROA

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Stockholders Equity & ROE

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ExlService Holdings Inc. is a business process management company that provides operations management and analytical services to clients. The company offers business process outsourcing and automation services, and data-driven insights to customers in multiple industries, including insurance, healthcare, utilities, banking and finance, travel, and retail, among others. The company operates through four segments based on the products and services offered and markets served: Insurance, Healthcare, Emerging, Analytics. The vast majority of the company's revenue is earned in the United States, and more than half of its revenue comes from business process management and related services.

SEC Filings

Direct access to Exlservice Holdings, Inc. (EXLS) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2023
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2022
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31

Sector Comparison

How does Exlservice Holdings, Inc. compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Exlservice Holdings, Inc. compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR 18%

Stability 80%

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Exlservice Holdings, Inc. Discounted Cash Flow

Fully customizable DCF calculator online for Exlservice Holdings, Inc..

Years

Calculation mode

= $4.7B

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$194M	$219M	$247M	$278M	$313M	$353M	$397M	$447M	$504M	$568M	$640M	$6.4B
DCF		$199M	$204M	$209M	$214M	$219M	$224M	$230M	$235M	$241M	$247M	$2.5B
Value	$4.7B

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Net Margins	6%	8%	9%	6%	6%	7%	9%	10%	10%	11%	11%
ROA	-	12%	12%	11%	6%	8%	10%	12%	15%	17%	16%
ROE	-	11%	12%	8%	9%	10%	12%	17%	19%	21%	21%

Good Net Margins (10.88%)

Net Margins are high enough to offer a good protection on the profits in case of higher costs or higher interests. Furthermore higher margins reduce earnings’ volatility.

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Debt over FCF	-	0.98	0.6	0.78	6.22	2.27	1.64	3.53	2.06	1.67	1.8
Debt over Equity	0.12	0.15	0.08	0.1	0.52	0.43	0.37	0.75	0.33	0.3	0.39
Growth Stability	-	-	-	100%	100%	100%	100%	100%	100%	100%	100%

Good Debt/FCF ratio (1.8)

Net Margins are high enough to offer a good protection on the profits in case of higher costs or higher interests. Furthermore higher margins reduce earnings’ volatility.

Good Debt/Equity ratio (0.39)

The company is not overleveraged and has a good balance between equity and debt.

Good Graham’s Stability (100%)

The company has a good stability in its earnings, which is a sign of a good competitive advantage.

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	CAGR 5Y
Revenue YoY growth	-	26%	9%	11%	16%	12%	-3%	17%	26%	15%	16%
Earnings YoY growth	-	59%	20%	-21%	16%	19%	32%	28%	25%	29%	25%
Equity YoY growth	-	11%	14%	13%	3%	8%	7%	-4%	9%	17%	6%
FCF YoY growth	-	82%	5%	5%	-33%	147%	25%	-8%	-18%	31%	2%