TDCX Inc.

NYSE:TDCX Stock Report

Market Cap: US$1.0b

This company has been acquired

The company may no longer be operating, as it has been acquired. Find out why through their latest events.

TDCX Valuation

Is TDCX undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of TDCX when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: TDCX ($7.13) is trading below our estimate of fair value ($14.96)

Significantly Below Fair Value: TDCX is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for TDCX?

Key metric: As TDCX is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for TDCX. This is calculated by dividing TDCX's market cap by their current earnings.
What is TDCX's PE Ratio?
PE Ratio11.6x
EarningsS$120.15m
Market CapS$1.39b

Price to Earnings Ratio vs Peers

How does TDCX's PE Ratio compare to its peers?

The above table shows the PE ratio for TDCX vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average24.8x
TASK TaskUs
23.1x22.1%US$1.3b
CSGS CSG Systems International
23.3x16.3%US$1.5b
TIXT TELUS International (Cda)
34.4x-34.0%US$1.0b
WNS WNS (Holdings)
18.4x16.7%US$2.4b
TDCX TDCX
11.6x0.8%US$1.0b

Price-To-Earnings vs Peers: TDCX is good value based on its Price-To-Earnings Ratio (11.6x) compared to the peer average (19.6x).

Price to Earnings Ratio vs Industry

How does TDCX's PE Ratio compare vs other companies in the US Professional Services Industry?

10 CompaniesPrice / EarningsEstimated GrowthMarket Cap
CNDT Conduent
1.5x-101.1%US$682.73m
CIH China Index Holdings
3.5xn/aUS$87.15m
ALJJ ALJ Regional Holdings
0.7xn/aUS$70.26m
STCN Steel Connect
3xn/aUS$63.73m
TDCX 11.6xIndustry Avg. 25.1xNo. of Companies12PE01632486480+
10 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: TDCX is good value based on its Price-To-Earnings Ratio (11.6x) compared to the US Professional Services industry average (24.2x).

Price to Earnings Ratio vs Fair Ratio

What is TDCX's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

TDCX PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio11.6x
Fair PE Ratio17.8x

Price-To-Earnings vs Fair Ratio: TDCX is good value based on its Price-To-Earnings Ratio (11.6x) compared to the estimated Fair Price-To-Earnings Ratio (17.8x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst TDCX forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentn/a
US$7.25
0%
11.2%US$8.52US$6.50n/a4
Nov ’25n/a
US$7.25
0%
11.2%US$8.52US$6.50n/a4
Oct ’25n/a
US$7.25
0%
11.2%US$8.52US$6.50n/a4
Sep ’25n/a
US$7.25
0%
11.2%US$8.52US$6.50n/a4
Aug ’25n/a
US$7.25
0%
11.2%US$8.52US$6.50n/a4
Jul ’25n/a
US$7.25
0%
11.2%US$8.52US$6.50n/a4
Jun ’25US$7.08
US$7.25
+2.4%
11.2%US$8.52US$6.50n/a4
May ’25US$7.20
US$7.25
+0.7%
11.5%US$8.56US$6.53n/a4
Apr ’25US$7.04
US$7.25
+3.0%
11.5%US$8.56US$6.53n/a4
Mar ’25US$7.08
US$7.25
+2.4%
11.5%US$8.56US$6.53n/a4
Feb ’25US$6.23
US$7.31
+17.4%
11.5%US$8.65US$6.60n/a4
Jan ’25US$4.85
US$8.19
+68.9%
28.7%US$12.49US$6.00n/a5
Dec ’24US$5.20
US$8.16
+57.0%
28.3%US$12.40US$6.10n/a5
Nov ’24US$4.56
US$8.78
+92.4%
33.0%US$13.71US$5.96n/a5
Oct ’24US$5.91
US$9.24
+56.3%
30.5%US$13.68US$5.95n/a5
Sep ’24US$5.76
US$10.35
+79.7%
34.0%US$15.66US$6.00n/a6
Aug ’24US$7.38
US$12.13
+64.3%
25.2%US$16.28US$8.65n/a6
Jul ’24US$7.91
US$11.94
+51.0%
25.0%US$16.00US$8.50n/a6
Jun ’24US$8.70
US$11.95
+37.4%
25.0%US$16.01US$8.51US$7.086
May ’24US$7.04
US$13.10
+86.0%
22.4%US$16.62US$7.80US$7.206
Apr ’24US$8.90
US$13.82
+55.3%
12.6%US$16.41US$12.08US$7.046
Mar ’24US$12.56
US$15.82
+25.9%
12.7%US$18.72US$13.84US$7.086
Feb ’24US$13.07
US$16.15
+23.5%
15.2%US$19.94US$14.20US$6.236
Jan ’24US$12.38
US$15.80
+27.6%
13.5%US$19.05US$13.84US$4.856
Dec ’23US$12.99
US$15.80
+21.6%
13.5%US$19.05US$13.84US$5.206
Nov ’23US$12.88
US$15.79
+22.6%
14.1%US$18.88US$13.58US$4.566

Analyst Forecast: Target price is less than 20% higher than the current share price.

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