Concentrix Corporation Common Stock (CNXC)

FairStock Score: 46/100 — MIXED

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I approach Concentrix as a Graham-style asset-and-cash-flow question, not a glamorous technology story. It runs customer experience services with 455,000 employees, a labor-heavy, competitive business. Scale and client relationships matter, but I see no wide moat and pricing power is limited. Revenue was $9.8 billion in fiscal 2025, the year ended 2025-11-30, only modestly above $9.6 billion in fiscal 2024, the year ended 2024-11-30. Profitability is the problem. In fiscal 2025, net income was negative $1.3 billion, or negative $20.36 per diluted share. In fiscal Q3 2026, the quarter ended 2026-08-31, net income was negative $988.1 million, or negative $16.24 per diluted share, after earlier quarters showed small profits: fiscal Q2 2026, the quarter ended 2026-05-31, had $55.3 million of net income, and fiscal Q1 2026, the quarter ended 2026-02-28, had $21.6 million. That pattern fits the Lynch category of TURNAROUND, caused by a loss in the latest year after earlier profits. Still, trailing free cash flow was $513.5 million, and at the 2026-10-13 close of $26.96, FairStock calculates a 31.2% FCF yield, a 0.61 price-to-book ratio, a negative 1.29 P/E, and a 5.16% dividend yield. But debt is high: FairStock shows D/E 2.04, ROCE 3.39%, ROE negative 37.66%, Altman Z-Score 0.42, and a FairStock Score of 46/100. The low price may reflect real distress. I would need evidence that the losses are non-recurring and cash generation is durable before calling this a bargain.

In plain English: Concentrix runs customer-service and business-support centers for other companies around the world. The business has looked weak lately: it reported a large loss in its latest filed quarter and in fiscal 2025, even though it still produces cash and pays a high dividend. At the 2026-10-13 closing price, the shares look low compared with cash flow and book value, but the weak profits and heavy debt make the situation risky rather than clearly cheap.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q3 2026 10-Q (period ended 2026-08-31) · fiscal Q2 2026 10-Q (period ended 2026-05-31) · fiscal Q1 2026 10-Q (period ended 2026-02-28) · fiscal Q3 2025 10-Q (period ended 2025-08-31) · FY2025 10-K (period ended 2025-11-30) · FY2024 10-K (period ended 2024-11-30) · FY2023 10-K (period ended 2023-11-30)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer