THOUGHTWORKS HOLDING, INC. |
Real-time Estimate
Other stock markets
|
5-day change | 1st Jan Change | ||
| 3.225 USD | +0.47% |
|
+10.82% | -32.95% |
| May. 08 | Baird Adjusts Price Target on Thoughtworks to $6 From $5, Keeps Outperform Rating | MT |
| May. 07 | Sector Update: Tech Stocks Advance Tuesday Afternoon | MT |
Valuation
| Fiscal Period: December | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 8,180 | 3,208 | 1,532 | 1,037 | - | - |
| Enterprise Value (EV) 1 | 8,317 | 3,413 | 1,725 | 1,150 | 1,097 | 954.2 |
| P/E ratio | -81.2 x | -30 x | -21.9 x | -28.3 x | 53.8 x | 18.3 x |
| Yield | - | - | - | - | - | - |
| Capitalization / Revenue | 7.65 x | 2.48 x | 1.36 x | 1.03 x | 0.95 x | 0.82 x |
| EV / Revenue | 7.77 x | 2.63 x | 1.53 x | 1.14 x | 1.01 x | 0.75 x |
| EV / EBITDA | 37.3 x | 13.3 x | 15.4 x | 13.9 x | 8.85 x | 5.49 x |
| EV / FCF | 90.2 x | 52.6 x | 43 x | 49 x | 23.8 x | 15.4 x |
| FCF Yield | 1.11% | 1.9% | 2.33% | 2.04% | 4.2% | 6.5% |
| Price to Book | 11.5 x | 3.47 x | 2.01 x | 1.19 x | 1.09 x | 0.99 x |
| Nbr of stocks (in thousands) | 305,117 | 314,839 | 318,426 | 322,914 | - | - |
| Reference price 2 | 26.81 | 10.19 | 4.810 | 3.210 | 3.210 | 3.210 |
| Announcement Date | 3/1/22 | 2/28/23 | 2/27/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Net sales 1 | - | 1,070 | 1,296 | 1,127 | 1,010 | 1,086 | 1,270 |
| EBITDA 1 | - | 223.2 | 256.8 | 111.7 | 82.55 | 124 | 173.7 |
| EBIT 1 | - | 19.12 | -47.31 | -20.31 | -6.941 | 26.09 | - |
| Operating Margin | - | 1.79% | -3.65% | -1.8% | -0.69% | 2.4% | - |
| Earnings before Tax (EBT) 1 | - | -13.48 | -74.57 | -43.13 | -37.52 | 11.46 | - |
| Net income 1 | 79.28 | -23.62 | -105.4 | -68.66 | -42.58 | 5.857 | 60.26 |
| Net margin | - | -2.21% | -8.13% | -6.09% | -4.21% | 0.54% | 4.75% |
| EPS 2 | 11.20 | -0.3300 | -0.3400 | -0.2200 | -0.1134 | 0.0596 | 0.1759 |
| Free Cash Flow 1 | - | 92.24 | 64.88 | 40.11 | 23.45 | 46.05 | 62 |
| FCF margin | - | 8.62% | 5.01% | 3.56% | 2.32% | 4.24% | 4.88% |
| FCF Conversion (EBITDA) | - | 41.32% | 25.27% | 35.9% | 28.41% | 37.15% | 35.69% |
| FCF Conversion (Net income) | - | - | - | - | - | 786.18% | 102.88% |
| Dividend per Share 2 | - | - | - | - | - | - | - |
| Announcement Date | 6/14/21 | 3/1/22 | 2/28/23 | 2/27/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 | 2025 Q2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 286.8 | 320.9 | 332.1 | 332.4 | 310.7 | 307.1 | 287.2 | 280.2 | 252.4 | 248.6 | 251.2 | 256 | 255.1 | 259.6 | 268.3 |
| EBITDA 1 | 51.73 | 72.87 | 58.52 | 67.16 | 58.24 | 34.9 | 29.3 | 33.56 | 13.97 | 6.776 | 15.43 | 28.23 | 31.59 | 23.71 | 28.4 |
| EBIT 1 | -31.61 | -59.99 | -8.143 | 1.578 | 22.72 | 5.652 | -1.623 | -9.229 | -15.11 | -14.2 | -6.967 | 3.75 | 8.167 | 2.791 | 8.425 |
| Operating Margin | -11.02% | -18.69% | -2.45% | 0.47% | 7.31% | 1.84% | -0.57% | -3.29% | -5.99% | -5.71% | -2.77% | 1.47% | 3.2% | 1.07% | 3.14% |
| Earnings before Tax (EBT) 1 | -40.58 | -59.6 | -26.97 | -15.36 | 28.14 | -0.748 | -7.668 | -24.65 | -10.07 | -30.84 | -11.1 | -1.533 | 2.717 | -2.5 | 4.225 |
| Net income 1 | -35.12 | -59.9 | -29.99 | -31.39 | 16.11 | -8.107 | -12.27 | -25.85 | -22.43 | -30.88 | -13.56 | -3.721 | 1.4 | -2.285 | 3.25 |
| Net margin | -12.25% | -18.67% | -9.03% | -9.44% | 5.18% | -2.64% | -4.27% | -9.23% | -8.89% | -12.42% | -5.4% | -1.45% | 0.55% | -0.88% | 1.21% |
| EPS 2 | -0.1200 | -0.2000 | -0.1000 | -0.1000 | 0.0500 | -0.0300 | -0.0400 | -0.0800 | -0.0700 | -0.1000 | -0.0375 | -0.000920 | 0.0155 | -0.002500 | 0.0133 |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 3/1/22 | 5/9/22 | 8/15/22 | 11/14/22 | 2/28/23 | 5/9/23 | 8/8/23 | 11/7/23 | 2/27/24 | 5/7/24 | - | - | - | - | - |
1USD in Million2USD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | 136 | 205 | 193 | 113 | 60.8 | - |
| Net Cash position 1 | - | - | - | - | - | - | 82.3 |
| Leverage (Debt/EBITDA) | - | 0.6106 x | 0.7972 x | 1.726 x | 1.372 x | 0.4905 x | - |
| Free Cash Flow 1 | - | 92.2 | 64.9 | 40.1 | 23.5 | 46.1 | 62 |
| ROE (net income / shareholders' equity) | - | 21% | 18.9% | -8.85% | 0.12% | 4.35% | 7.19% |
| ROA (Net income/ Total Assets) | - | 8.47% | 9.51% | 2.67% | 1.26% | 5.52% | 6.73% |
| Assets 1 | - | -278.7 | -1,109 | -2,568 | -3,379 | 106 | 895.2 |
| Book Value Per Share 2 | - | 2.320 | 2.940 | 2.400 | 2.700 | 2.950 | 3.250 |
| Cash Flow per Share 2 | - | 0.4700 | 0.2900 | 0.1500 | 0.1900 | 0.2100 | - |
| Capex 1 | - | 26.1 | 24.5 | 8.95 | 29.6 | 34 | 30 |
| Capex / Sales | - | 2.44% | 1.89% | 0.79% | 2.93% | 3.13% | 2.36% |
| Announcement Date | 6/14/21 | 3/1/22 | 2/28/23 | 2/27/24 | - | - | - |
1USD in Million2USD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
C+
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
10
Last Close Price
3.21
USD
Average target price
4.307
USD
Spread / Average Target
+34.18%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -32.85% | 1.04B | |
| -14.20% | 194B | |
| +1.07% | 169B | |
| +2.65% | 155B | |
| +7.38% | 102B | |
| +35.31% | 82.01B | |
| +11.19% | 81.78B | |
| -6.39% | 72.08B | |
| -18.19% | 55.12B | |
| -9.06% | 43.73B |
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