DOXAMDOCS LTD
Services-Computer Programming Services
- Revenue
- $5.0B
- 2.4% YoY
- Operating margin
- 12.6%
- 6.1% YoY
- EBITDA
- $757M
- 3.1% YoY
- Market cap
- $7.1B
- Employees
- —
- Net debt / EBITDA
- 0.4×
- $300M net debt
- AI in 10-K
- —
Takeover score 2 of 13
Fixable underperformance 2 of 7
- TSR below peersNo—3+ of last 5 years
- High CEO pay despite TSRNo—Median CEO pay ≥ $15M while TSR trails
- Earnings not backed by cashNo147% of net incomeCash flow under 80% of net income
- Dilutive SBCNo2% of revenueOver 10% of revenue
- Payouts exceed cash flowYes107% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyYes45% of assetsOver 40% of assets
- Shareholder dissentNo—Any vote under 80% support
Buyer economics 0 of 4
- Low revenue per employeeNo—Bottom quartile of its SIC industry
- Quiet on AINo—Bottom quartile of AI mentions in 10-Ks
- Net cashNo0.4× EBITDA net debtMore cash than debt, positive EBITDA
- Buyout-sizedNo$7.1B market capMarket cap $500M–$5B
Catalysts 0 of 2
- Active 13DNo0 filingsActive-intent 13D in 18 months
- Net insider sellingNo−$29K netNet sales over $10M in 12 months
Financials
| Metric | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $4.2B | $4.3B | $4.6B | $4.9B | $5.0B | 2.4% |
| Operating income | $595M | $599M | $665M | $654M | $629M | 3.9% |
| Net income | $498M | $688M | $550M | $541M | $493M | 8.8% |
| Operating cash flow | $658M | $926M | $757M | $823M | $724M | 12% |
| Capex | — | $210M | $227M | $124M | $105M | 15% |
| Stock-based comp | $42M | $54M | $72M | $90M | $105M | 17% |
| Buybacks | $361M | $680M | $508M | $490M | $563M | 15% |
| Dividends | $164M | $177M | $186M | $199M | $212M | 6.3% |
Deal filings
None.
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $0 · 0
- Open-market sells, 12 mo
- $29K · 1
- Net
- −$29K
Pay vs performance
No pay-versus-performance disclosure yet.