ATLAS
CNXC

Concentrix

AI Disruption Risk
AI-disrupted incumbents·US·Fremont, CA·#8 / 8 in segment·0.5% of segment mcap
$24.90
-82.4% vs S&P 12m

Business overview

AI disruption risk

Customer experience BPO and tech services; iX agent platform attempts AI augmentation.

Direct AI substitution risk on agent voice/chat; defensive valuation acknowledges the structural pressure.

Products
  • CX outsourcing
  • iX AI platform
Customers (1)
  • Enterprises globally
Competitors (2)

Composite score

Higher = stronger overall research case

42
Fundamental47
Technical19
Valuation95
AI relevance25
Risk-adjusted (higher = safer)25
Segment-relative fundamental percentile: 25

Synthetic 1Y price action

Deterministic price series; 50d (yellow) and 200d (orange) MAs shown

3M RS: -31.5%6M RS: -37.0%12M RS: -82.4%Vol30d: 60%DD52w: -59.8%

Financial summary

Curated, illustrative

Revenue
$9.95B
Growth (YoY)
5.4%
Gross margin
34.4%
Operating margin
6.2%
FCF
$517.13M
Capex
$205.21M
Net cash / (debt)
$-5.47B
ROIC
3.2%
Customer conc.
Medium

Valuation

Market cap
$1.52B
Enterprise value
$6.99B
P/E (TTM)
6.0x
Forward P/E
1.9x
EV / Sales
0.7x
EV / EBITDA
5.7x
P / FCF
2.9x
PEG
0.2x
Rule of 40

Risks

Severity 1 (low) to 5 (severe)

  • 5
    Agentic call automation

Score components

What drove the composite

Growth42
Profitability37
Cash generation37
Balance sheet58
Moat / AI relevance35
Capital intensity (higher = lighter)79
Customer diversification60
Valuation discipline (dilution)65
Trend (MA50/MA200)5
Momentum (3/6/12m)32
Relative strength15
Realized vol (higher = lower vol)32