Exlservice Holdings, Inc.
EXLS
Services-Business Services, NEC
Mkt Cap
$4.623BPE
26.25Debt
$210MCash
$128MEV
$4.705BFCF
$143.4MP/E Ratio
26.25Debt
$210MCash
$128MEV
$4.705BFCF
$143.4MExlService Holdings, Inc. operates as a data analytics, and digital operations and solutions company in the United States and internationally. It operates through Insurance, Healthcare, Analytics, and Emerging Business segments. The company provides digital operations and solutions and analytics-driven services, such as claims processing, premium and benefit administration, agency management, account reconciliation, policy research, underwriting support, new business acquisition, policy servicing, premium audit, surveys, billing and collection, commercial and residential survey, and customer service using digital technology, artificial intelligence, machine learning, and advanced automation; digital customer acquisition services using a software-as-a-service delivery model through LifePRO and LISS platforms; subrogation services; and Subrosource software platform, an end-to-end subrogation platform. It also offers health care services related to care management, utilization management, disease management, payment integrity, revenue optimization, and customer engagement. The company provides financial planning and analysis, management reporting, forecasting and decision support, data management, regulatory reporting and risk, and compliance services; reservations, customer, and fulfilment services; freight billing, collections, claims management, freight audit, freight scheduling, supply chain management, and revenue assurance services; residential mortgage lending, title verification and validation, retail banking and credit cards, trust verification, commercial banking, and investment management; merchandising, pricing, and demand forecasting; and digital operations and solutions. It offers predictive and prescriptive analytics in the areas of customer acquisition and lifecycle management. The company was founded in 1999 and is headquartered in New York, New York.
Sector
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DCF
Discounted Cash Flow Valuation of Exlservice Holdings, Inc.
Value
Growth
%
%
Discount
%
%
Multiple
| g\r | +10% | +11% | +12% | +13% | +14% |
|---|---|---|---|---|---|
| 0% | 10 | 9 | 8 | 8 | 7 |
| +1% | 11 | 10 | 9 | 8 | 8 |
| +2% | 13 | 11 | 10 | 9 | 8 |
| +3% | 14 | 13 | 11 | 10 | 9 |
| +4% | 17 | 14 | 12 | 11 | 10 |
| Years | 0 | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | TV |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| FCF | $143.4M | $166.3M | $190.8M | $216.6M | $243.3M | $270.3M | $297M | $322.7M | $346.7M | $368.3M | $386.7M | $3.867B |
| DCF | $144.6M | $144.3M | $142.4M | $139.1M | $134.4M | $128.4M | $121.3M | $113.3M | $104.7M | $95.59M | $955.9M | |
| Value | $2.224B | |||||||||||
In the chart Earnings are multiplied by this value.
Earnings Growth 18%
Earnings Stability 80%
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 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Margin | 6.5% | 8.2% | 9% | 6.4% | 6.4% | 6.8% | 9.3% | 10% | 10% | 11% |
| ROA | 6.6% | 12% | 12% | 11% | 6.4% | 8.2% | 10% | 12% | 15% | 17% |
| ROE | 7.7% | 11% | 12% | 8.1% | 9.2% | 10% | 12% | 17% | 19% | 21% |
What is the average Net Margin?
The average Net Margin over the past 5 years is +8.22%.
What is the trend of Net Margin?
The trend of Net Margin over the past 5 years is +0.93%.
What is the average Return on Assets (ROA)?
The average ROA over the past 5 years is +10.35%.
What is the trend of Return on Assets (ROA)?
The trend of ROA over the past 5 years is +1.15%.
What is the average Return on Equity (ROE)?
The average ROE over the past 5 years is +12.55%.
What is the trend of Return on Equity (ROE)?
The trend of ROE over the past 5 years is +2.23%.
Safety & Stabiliy
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 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Debt FCF | 1.28 | 0.98 | 0.60 | 0.78 | 6.22 | 2.27 | 1.64 | 3.53 | 2.06 | 1.46 |
| Debt Equity | 0.12 | 0.15 | 0.08 | 0.10 | 0.52 | 0.43 | 0.37 | 0.75 | 0.33 | 0.25 |
| MIN | ||||||||||
| Graham Stability | - | - | 100% | 100% | 100% | 100% | 100% | 100% | 100% | 100% |
What is the Debt/FCF?
The Debt/FCF trailing twelve month is 1.46.
What is the trend of Debt/FCF?
The trend of Debt/FCF over the past 5 years is -0.07.
What is the Graham’s Stability?
Graham’s Stability measure stands at 1.00.
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 | 12-2015 | 12-2017 | 12-2019 | 12-2021 | Trend |
|---|---|---|---|---|---|
| Revenue | 12% | 13% | 13% | 26% | 0.6% |
| Net Income | 16% | 24% | 28% | 25% | 3.4% |
| Stockholders Equity | 7.2% | 4.8% | 4.2% | 9.4% | -1.4% |
| FCF | 7.9% | 9.2% | -1.8% | -18% | 0.12% |
What is the 5 year Revenue CAGR?
The Revenue CAGR over the past 5 years is +13.12%.
What is the trend of Revenue growth?
The trend of Revenue growth rate over the past 5 years is +0.6%.
What is the 5 year Earnings CAGR?
The Earnings CAGR over the past 5 years is +23.94%.
What is the trend of Earnings growth?
The trend of Earnings growth rate over the past 5 years is +3.36%.
What is the 5 year Equity CAGR?
The Equity CAGR over the past 5 years is +4.79%.
What is the trend of Equity growth?
The trend of Equity growth rate over the past 5 years is -1.38%.
What is the 5 year FCF CAGR?
The FCF CAGR over the past 5 years is +9.24%.
What is the trend of FCF growth?
The trend of FCF growth rate over the past 5 years is +0.12%.