Core Viewpoint - Concentrix Corporation (CNXC) is currently viewed as a better investment opportunity compared to Bowman Consulting (BWMN) based on various valuation metrics and earnings outlook [1][3][7] Valuation Metrics - CNXC has a forward P/E ratio of 3.40, significantly lower than BWMN's forward P/E of 22.17, indicating that CNXC may be undervalued [5] - The PEG ratio for CNXC is 0.39, while BWMN's PEG ratio stands at 1.15, suggesting that CNXC offers better value relative to its expected earnings growth [5] - CNXC's P/B ratio is 0.91, compared to BWMN's P/B of 2.33, further supporting the notion that CNXC is undervalued [6] Earnings Outlook - CNXC has a Zacks Rank of 2 (Buy), indicating a positive earnings estimate revision trend, while BWMN has a Zacks Rank of 4 (Sell), reflecting a less favorable outlook [3][7] - The improving earnings outlook for CNXC enhances its attractiveness as a value investment [7] Value Grades - CNXC holds a Value grade of A, while BWMN has a Value grade of C, reinforcing the assessment that CNXC is the superior value option at this time [6]

Core Insights - Identifying true value stocks requires thorough fundamental analysis beyond just key financial indicators like earnings per share and sales growth [1] Valuation Metrics - Investors often use valuation measures such as price-to-earnings (P/E) and price-to-sales (P/S) ratios, but the price-to-book (P/B) ratio is also a valuable tool for spotting attractively priced stocks with growth potential [2] - The P/B ratio is calculated as market capitalization divided by book value of equity, helping to identify low-priced stocks with high-growth prospects [2][6] - A P/B ratio of less than one indicates that a stock is undervalued, while a ratio greater than one suggests it may be overvalued [6][8] Book Value Definition - Book value represents the total value remaining for shareholders if a company were to liquidate its assets after settling all liabilities [4] - It is calculated by subtracting total liabilities from total assets, often equating to common stockholders' equity [5] Limitations of P/B Ratio - The P/B ratio is particularly useful for industries like finance and manufacturing but can be misleading for companies with significant R&D expenditures or high debt [9] - A P/B ratio of less than one may indicate weak returns on assets or overstated assets, while a ratio above one could suggest the stock is a takeover target [8][9] Screening Parameters - Stocks with a P/B ratio lower than the industry median are considered to have potential for price appreciation [12] - A lower P/S ratio compared to the industry average makes a stock more attractive [12] - A P/E ratio lower than the industry median is also a favorable indicator [13] - A PEG ratio of less than one indicates undervaluation with promising growth prospects [14] - Stocks should have a current price of at least $5 and a trading volume of over 100,000 for liquidity [15] Selected Low P/B Stocks - Invesco (IVZ) has a Zacks Rank of 1, a Value Score of B, and a projected 3-5 year EPS growth rate of 20.9% [16] - Harmony Biosciences (HRMY) holds a Zacks Rank of 1, a Value Score of A, and a projected 3-5 year EPS growth rate of 27.11% [17] - Concentrix (CNXC) has a Zacks Rank of 2, a Value Score of A, and a projected 3-5 year EPS growth rate of 8.76% [17] - Patria Investments Limited (PAX) has a Zacks Rank of 1, a Value Score of A, and a projected 3-5 year EPS growth rate of 15.39% [18] - Global Payments (GPN) has a Zacks Rank of 2, a Value Score of A, and a projected 3-5 year EPS growth rate of 11.54% [19]

Market Overview - The U.S. stock market showed subdued performance, with the Dow Jones Industrial Average increasing by 0.11% to 49,071.56, while the S&P 500 decreased by 0.13% to 6,969.01, and the Nasdaq Composite fell by 0.72% to 23,685.12 [1] - The technology sector experienced a significant sell-off, particularly in Microsoft Corporation (MSFT) shares, due to concerns over slower cloud growth, although Meta provided some offsetting strength [2] Value Stocks Analysis - Value stocks are highlighted as appealing investment opportunities amid cautious market sentiment, driven by rising oil prices and geopolitical tensions [2] - The Price to Cash Flow (P/CF) ratio is emphasized as an effective valuation metric, indicating that a lower P/CF ratio suggests better value and strong cash generation potential [3][4] - Analysts note that cash flow is a more reliable indicator of a company's financial health compared to earnings, which can be influenced by accounting estimates and management manipulation [5] Investment Strategy - A comprehensive investment strategy should include multiple valuation metrics such as price-to-book ratio, price-to-earnings ratio, and price-to-sales ratio, alongside a favorable Zacks Rank and Value Score [7] - Parameters for selecting true-value stocks include a P/CF ratio less than or equal to the industry median, a minimum stock price of $5, and an average 20-day trading volume greater than 100,000 [8] Selected Value Stocks - Four companies—Harmony Biosciences Holdings, Inc. (HRMY), Universal Health Services, Inc. (UHS), Concentrix Corporation (CNXC), and Global Payments Inc. (GPN)—meet strict value criteria, showing low P/CF ratios and solid financial health [9] - Each of these companies is projected to grow both sales and earnings per share (EPS) in the current financial year, with all carrying a Value Score of A and demonstrating consistent positive earnings surprises [9] Company-Specific Insights - Harmony Biosciences is projected to see sales growth of 21.4% and EPS growth of 25.9% for the current financial year, despite a 4.9% decline in share price over the past year [13] - Universal Health Services anticipates sales growth of 9.7% and EPS growth of 31.3%, with shares rising by 6.1% in the past year [14] - Concentrix Corporation expects sales growth of 2.9% and EPS growth of 4.8%, although its shares have dropped by 26.1% in the past year [15] - Global Payments forecasts sales growth of 1.8% and EPS growth of 5.8%, with shares declining by 36.8% over the past year [16]

AI stocks have dominated the investment landscape in recent years, so it's not easy to find one that's flown under the radar. After three years of huge returns for just about anything AI-associated, investors took a step back in the latter half of 2025 to reassess the AI landscape. Sky-high valuations and questions about the actual returns being generated by all these investments in AI gave many pause, leading to a significant sell-off in the third and fourth quarters for some AI stocks. Where to invest $ ...

Financial Performance - For the fiscal year ended November 30, 2025, revenue was $9,825.8 million, an increase from $9,618.9 million in 2024, representing a growth of approximately 2.2%[213] - The cost of revenue for fiscal year 2025 was $6,390.8 million, compared to $6,170.0 million in 2024, resulting in a gross profit of $3,435.0 million, slightly down from $3,448.9 million in 2024[213] - Net income for fiscal year 2025 was a loss of $1,278.9 million, a significant decline from a net income of $251.2 million in 2024[213] - Revenue for fiscal year 2025 increased by 2.2% to $9,825,771,000 compared to $9,618,900,000 in fiscal year 2024[215] - Revenue growth was driven by increases in retail, travel and e-commerce (3.0%), communications and media (4.2%), and banking, financial services and insurance (5.5%) verticals[216] - Gross profit decreased by 0.4% to $3,435,011,000, with gross margin percentage declining from 35.9% to 35.0%[220] - Operating loss for fiscal year 2025 was $918,183,000, compared to an operating income of $596,387,000 in fiscal year 2024[224] - Free cash flow for fiscal year 2025 was negative at $(918,183) thousand, compared to $596,387 thousand in fiscal year 2024[238] - Adjusted EBITDA for fiscal year 2025 was $1,469,319 thousand, compared to $1,554,925 thousand in fiscal year 2024, reflecting a margin of 15.0%[238] Impairment and Charges - The company recorded impairment charges of $1,527.7 million in fiscal year 2025, leading to an operating loss of $918.2 million, compared to an operating income of $596.4 million in 2024[213] - Impairment charges amounted to $1,527,726,000, representing 15.5% of revenue, primarily due to a non-cash goodwill impairment charge[223] Revenue Sources and Client Base - Approximately 89% of consolidated revenue in fiscal years 2025 and 2024 was generated from non-U.S. operations, with 54% of revenue priced in U.S. dollars in 2025[191] - No client accounted for more than 10% of consolidated revenue in fiscal years 2025 and 2024, indicating a diversified client base[240] Acquisition and Growth Strategy - The company completed the acquisition of Webhelp for approximately $3,774.8 million on September 25, 2023, enhancing its service capabilities[187] - The company expects continued revenue growth to be influenced by foreign currency exchange rates and inflation in local economies[191] - The company expects to expand operations through investments or acquisitions, requiring initial investments in working capital and facilities[241] Debt and Financing - The company issued $800 million of 6.650% Senior Notes due 2026 and $800 million of 6.600% Senior Notes due 2028 in August 2023[246] - The Restated Credit Agreement includes a New Term Loan Facility of up to $750 million, a 3-Year DD Term Loan Facility of up to $250 million, and a 5-Year DD Term Loan Facility of up to $500 million, along with a Revolving Credit Facility of up to $1.1 billion[253] - As of November 30, 2025, the outstanding principal balance on term loans was $1,966 million, an increase from $1,500 million in 2024, with a voluntary prepayment of $275 million made during the fiscal year[259] - The company is in compliance with all debt covenants related to its debt arrangements as of November 30, 2025[266] Cash Flow and Liquidity - Net cash provided by operating activities for fiscal year 2025 was $806.97 million, up from $667.49 million in 2024, primarily due to increased net income and reduced acquisition-related costs[269] - Free cash flow for fiscal year 2025 was $572.47 million, compared to $428.73 million in 2024, reflecting an increase in operating cash flow and a decrease in capital expenditures[274] - Adjusted free cash flow for fiscal year 2025 was $626.40 million, up from $474.52 million in 2024, driven by increased free cash flow and changes in outstanding factoring balances[275] - Total liquidity as of November 30, 2025, was $1,592.4 million, including $1.1 billion in undrawn capacity on the Revolving Credit Facility and $163 million under the Securitization Facility[276] - The company had cash and cash equivalents totaling $329.4 million as of November 30, 2025, with 98% held by non-U.S. legal entities[277] Market and Currency Risks - Approximately 54% of the company's revenue is priced in U.S. dollars, exposing it to foreign currency risk from contracts denominated in euros, British pounds, Japanese yen, and Brazilian real[285] - The company has hedged a portion of its foreign currency exposure by entering into contracts to acquire PHP 43,480.0 million at a fixed price of $750.4 million and INR 28,430.0 million at a fixed price of $320.1 million, both through November 2027[286] - A hypothetical 10% adverse change in foreign currency exchange rates could result in a potential loss of approximately $105.0 million in fair value for the company's hedging contracts[286] - The company’s variable-rate debt exposes it to interest rate risk, with a 100 basis point increase in interest rates estimated to increase interest expense by approximately $24.4 million per year[288] Tax and Regulatory Matters - The company has established a reserve of $95.0 million for unrecognized tax benefits as of November 30, 2025[281] - Provision for income taxes increased by 101.2% to $96,702,000, influenced by geographical income mix and foreign tax rate changes[230] Operational Efficiency - Selling, general and administrative expenses decreased by 0.9% to $2,825,468,000, representing 28.8% of revenue, down from 29.7%[222] - The company manages market risks through regular operating and financing activities and the use of derivative financial instruments[284] - The company recognizes foreign exchange exposure due to costs being denominated in local currencies where services are performed, impacting overall financial performance[286]

Core Insights - Concentrix Corporation has achieved an 'A' score for Climate Change leadership from CDP, ranking in the top 2% among nearly 20,000 companies assessed globally in 2025 [1][2] Sustainability Goals - The company has set ambitious sustainability goals, including validation of emissions near-term targets by the Science Based Targets Initiative (SBTi), which it is on track to meet [3] - Since 2019, Concentrix has reduced CO₂ emissions by 27% and currently sources 35% of its power from renewable energy [3] - In 2025, the company planted over one million trees and certified more than half of its owned buildings to internal sustainability standards [3] Strategic Vision - Achieving an 'A' on the CDP assessment reflects Concentrix's commitment to rethinking operations for a sustainable future, aiming to create lasting value for business and communities [4] - The recognition accelerates progress toward the company's 2030 ESG goals, emphasizing the belief that responsible business practices should create real impact [4]

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Core Insights - iREIT+HOYA Capital focuses on income-producing asset classes that provide sustainable portfolio income, diversification, and inflation hedging [1][2] Group 1: Investment Strategy - The investment strategy emphasizes high-yield, dividend growth ideas, targeting dividend yields up to 10% [2] - The service offers research on various asset classes including REITs, ETFs, closed-end funds, preferreds, and dividend champions [2] Group 2: Target Audience - The service is designed for investors seeking dependable monthly income and portfolio diversification [2] - It caters to those with a medium- to long-term investment horizon, focusing on defensive stocks [2]

NelsonHall recognizes Concentrix for AI innovation and resultsNEWARK, Calif., Jan. 20, 2026 (GLOBE NEWSWIRE) -- Concentrix Corporation (NASDAQ: CNXC), a global technology and services leader, today announced it has been named a Leader in NelsonHall’s 2025 NEAT research for Transforming Business Operations with GenAI. This recognition highlights Concentrix’ success in helping its clients reimagine their operations to create simpler, smarter customer interactions using Generative AI (GenAI) technologies. The ...

Core Viewpoint - The article discusses the author's extensive experience in executive management and investment, particularly in the insurance and reinsurance sectors, as well as the impact of climate change and ESG factors on the Global and Asia Pacific markets [1]. Group 1 - The author has 36 years of experience in executive management, focusing on insurance and reinsurance [1]. - The author's expertise includes knowledge of Global and Asia Pacific markets, climate change, and ESG [1]. - The author holds an honours degree in economics and politics with a focus on economic development [1].