Company Valuation: Amdocs Limited

Data adjusted to current consolidation scope
Fiscal Period: September 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 9,585 9,690 10,057 9,989 9,025 5,996 - -
Change - 1.09% 3.78% -0.67% -9.66% -33.57% - -
Enterprise Value (EV) 1 9,264 9,517 9,960 10,121 9,347 6,725 6,480 6,471
Change - 2.73% 4.65% 1.62% -7.65% -28.05% -3.64% -0.14%
P/E 14.2x 17.9x 18.8x 20.6x 16.2x 10.4x 8.26x 7.1x
PBR 2.63x 2.73x 2.82x 2.9x 2.64x 1.81x 1.7x -
PEG - -1.1x 16.69x -3.85x 0.9x 1.12x 0.3x 0.4x
Capitalization / Revenue 2.24x 2.12x 2.06x 2x 1.99x 1.28x 1.24x 1.19x
EV / Revenue 2.16x 2.08x 2.04x 2.02x 2.06x 1.43x 1.34x 1.29x
EV / EBITDA 10.5x 9.93x 9.89x 9.6x 8.49x 5.76x 5.34x 5.11x
EV / EBIT 12.3x 11.8x 11.5x 11x 9.65x 7.09x 6.32x 6.41x
EV / FCF 13x 18x 14.3x 16.4x 14.5x 11.1x 8.92x 7.74x
FCF Yield 7.72% 5.56% 7.01% 6.12% 6.9% 9.03% 11.2% 12.9%
Dividend per Share 2 1.408 1.545 1.7 1.872 2.06 2.107 2.001 2.39
Rate of return 1.86% 1.94% 2.01% 2.14% 2.51% 3.67% 3.48% 4.16%
EPS 2 5.32 4.44 4.49 4.25 5.05 5.52 6.95 8.09
Distribution rate 26.5% 34.8% 37.9% 44% 40.8% 38.2% 28.8% 29.5%
Net sales 1 4,289 4,577 4,888 5,005 4,533 4,699 4,849 5,035
EBITDA 1 880.7 958.4 1,007 1,054 1,101 1,169 1,213 1,265
EBIT 1 750.7 804.9 868.6 923.3 968.3 949 1,025 1,010
Net income 1 688.4 549.5 543 496.3 564.7 578.6 694.5 792.7
Net Debt 1 -321 -172.9 -96.84 132 321.9 729.6 484.7 475.8
Reference price 2 75.71 79.45 84.49 87.48 82.05 57.42 57.42 57.42
Nbr of stocks (in thousands) 126,605 121,961 119,026 114,191 109,992 104,415 - -
Announcement Date 11/2/21 11/8/22 11/8/23 11/12/24 11/11/25 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
10.45x1.44x5.78x3.65% 6.03B
22.15x3.63x12.69x3% 212B
-132.16x18.37x101.7x-.--% 118B
13.08x1.46x7.67x3.67% 108B
13.48x2.45x9.24x6.1% 78.59B
19.72x5.2x12.78x2.88% 58.2B
22.67x1.87x11.67x1.29% 44.4B
13.12x1.89x8x5.94% 42.26B
20.9x1.59x10.12x0.89% 40.58B
17.14x2.21x10.28x5.04% 35.52B
Average 2.06x 4.01x 19.00x 3.25% 74.42B
Weighted average by Cap. -5.70x 5.26x 25.13x 2.99%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield

  1. Stock Market
  2. Stocks
  3. DOX Stock
  4. Valuation Amdocs Limited