XEROX HOLDINGS CORPORATION |
Real-time Estimate
Other stock markets
|
5-day change | 1st Jan Change | ||
| 10.92 USD | -1.67% |
|
-6.95% | -40.45% |
| Jun. 21 | Tata Consultancy Services Bags Deal from Xerox | MT |
| Jun. 21 | Xerox Signs Deal with TCS to Transform its IT Technology Using Cloud and GenAI | CI |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 7,971 | 4,601 | 4,042 | 2,272 | 2,253 | 1,379 | - | - |
| Enterprise Value (EV) 1 | 9,513 | 6,420 | 6,448 | 4,953 | 5,011 | 3,774 | 3,513 | 3,589 |
| P/E ratio | 13.3 x | 27.6 x | -8.84 x | -6.79 x | -204 x | - | - | - |
| Yield | 2.71% | 4.31% | 4.42% | 6.85% | 5.46% | 9.16% | 9.01% | 9.01% |
| Capitalization / Revenue | 0.88 x | 0.66 x | 0.57 x | 0.32 x | 0.33 x | 0.21 x | 0.22 x | 0.23 x |
| EV / Revenue | 1.05 x | 0.91 x | 0.92 x | 0.7 x | 0.73 x | 0.58 x | 0.55 x | 0.59 x |
| EV / EBITDA | 6.03 x | 8.27 x | 9.97 x | 9.85 x | 8.39 x | 5.38 x | 4.85 x | 4.58 x |
| EV / FCF | 7.5 x | 13.5 x | 11.5 x | 48.6 x | 7.72 x | 6.17 x | 7.14 x | - |
| FCF Yield | 13.3% | 7.38% | 8.7% | 2.06% | 13% | 16.2% | 14% | - |
| Price to Book | 1.46 x | 0.82 x | 0.81 x | 0.68 x | 0.89 x | 0.57 x | 0.59 x | 0.6 x |
| Nbr of stocks (in thousands) | 216,188 | 198,385 | 178,512 | 155,603 | 122,906 | 124,198 | - | - |
| Reference price 2 | 36.87 | 23.19 | 22.64 | 14.60 | 18.33 | 11.10 | 11.10 | 11.10 |
| Announcement Date | 1/28/20 | 1/26/21 | 1/25/22 | 1/26/23 | 1/25/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 9,066 | 7,022 | 7,038 | 7,107 | 6,886 | 6,459 | 6,331 | 6,076 |
| EBITDA 1 | 1,577 | 776 | 647 | 503 | 597 | 702 | 723.8 | 783.8 |
| EBIT 1 | 1,192 | 464 | 375 | 275 | 389 | 432.1 | 477.4 | 513.5 |
| Operating Margin | 13.15% | 6.61% | 5.33% | 3.87% | 5.65% | 6.69% | 7.54% | 8.45% |
| Earnings before Tax (EBT) | 822 | 252 | -475 | -328 | -28 | - | - | - |
| Net income | 648 | 192 | -455 | -322 | -13 | - | - | - |
| Net margin | 7.15% | 2.73% | -6.46% | -4.53% | -0.19% | - | - | - |
| EPS | 2.780 | 0.8400 | -2.560 | -2.150 | -0.0900 | - | - | - |
| Free Cash Flow 1 | 1,268 | 474 | 561 | 102 | 649 | 612 | 492 | - |
| FCF margin | 13.99% | 6.75% | 7.97% | 1.44% | 9.42% | 9.48% | 7.77% | - |
| FCF Conversion (EBITDA) | 80.41% | 61.08% | 86.71% | 20.28% | 108.71% | 87.17% | 67.97% | - |
| FCF Conversion (Net income) | 195.68% | 246.88% | - | - | - | - | - | - |
| Dividend per Share 2 | 1.000 | 1.000 | 1.000 | 1.000 | 1.000 | 1.017 | 1.000 | 1.000 |
| Announcement Date | 1/28/20 | 1/26/21 | 1/25/22 | 1/26/23 | 1/25/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 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 | 1,777 | 1,668 | 1,747 | 1,751 | 1,941 | 1,715 | 1,754 | 1,652 | 1,765 | 1,502 | 1,600 | 1,616 | 1,771 | 1,564 |
| EBITDA 1 | 151 | 58 | - | - | 232 | 138 | 159 | 119 | 148 | 82 | 159.7 | 198.5 | 256.3 | 201.4 |
| EBIT 1 | 86 | -3 | 35 | 65 | 178 | 118 | 107 | 68 | 96 | 33 | 99.16 | 136 | 192.8 | 140.4 |
| Operating Margin | 4.84% | -0.18% | 2% | 3.71% | 9.17% | 6.88% | 6.1% | 4.12% | 5.44% | 2.2% | 6.2% | 8.41% | 10.89% | 8.98% |
| Earnings before Tax (EBT) | - | - | -5 | - | - | - | -89 | 63 | -88 | - | - | - | - | - |
| Net income | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net margin | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EPS | -3.970 | - | - | - | - | - | -0.4100 | - | -0.5000 | - | - | - | - | - |
| Dividend per Share 2 | 0.2500 | 0.2500 | 0.2500 | 0.2500 | 0.2500 | 0.2500 | 0.2500 | 0.2500 | 0.2500 | 0.2500 | 0.2500 | 0.2500 | 0.2500 | 0.2500 |
| Announcement Date | 1/25/22 | 4/21/22 | 7/26/22 | 10/25/22 | 1/26/23 | 4/25/23 | 7/25/23 | 10/24/23 | 1/25/24 | 4/23/24 | - | - | - | - |
1USD in Million2USD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 1,542 | 1,819 | 2,406 | 2,681 | 2,758 | 2,396 | 2,134 | 2,210 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 0.9778 x | 2.344 x | 3.719 x | 5.33 x | 4.62 x | 3.412 x | 2.949 x | 2.82 x |
| Free Cash Flow 1 | 1,268 | 474 | 561 | 102 | 649 | 612 | 492 | - |
| ROE (net income / shareholders' equity) | 15.6% | 5.59% | 5.84% | 4.86% | 9.76% | 10.3% | 10.7% | 10.9% |
| ROA (Net income/ Total Assets) | 5.53% | 2.1% | 2.1% | -2.6% | 2.66% | 2.65% | 2.94% | - |
| Assets | 11,712 | 9,136 | -21,713 | 12,383 | -488.4 | - | - | - |
| Book Value Per Share 2 | 25.20 | 28.20 | 27.80 | 21.50 | 20.60 | 19.30 | 18.90 | 18.50 |
| Cash Flow per Share | 6.010 | 2.600 | - | 1.020 | 5.570 | - | - | - |
| Capex 1 | 65 | 74 | 68 | 57 | 37 | 55 | 64 | - |
| Capex / Sales | 0.72% | 1.05% | 0.97% | 0.8% | 0.54% | 0.85% | 1.01% | - |
| Announcement Date | 1/28/20 | 1/26/21 | 1/25/22 | 1/26/23 | 1/25/24 | - | - | - |
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+
Sell
Buy
Mean consensus
UNDERPERFORM
Number of Analysts
5
Last Close Price
11.1
USD
Average target price
14
USD
Spread / Average Target
+26.13%
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| -39.44% | 1.38B | |
| +18.64% | 641M | |
| +44.10% | 450M | |
| +14.68% | 234M | |
| +6.74% | 63.06M | |
| -20.95% | 50.95M |
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- Financials Xerox Holdings Corporation
