Ceridian HCM Holding Inc. operates as a human capital management (HCM) software company worldwide. The company offers Dayforce, a cloud HCM platform that address various areas of HCM, including human resources (HR), payroll, benefits, workforce management, and talent management functionality. It also provides Powerpay, a cloud platform, which offers scalable and straightforward payroll and HR solutions; Bureau solutions for payroll and payroll-related services; and LifeWorks, an employee engagement platform that delivers employee assistance programs, social recognition, perks and discounts, a private social network, employee and corporate wellness programs, and employee engagement analytics. The company was founded in 2013 and is based in Minneapolis, Minnesota. Ceridian HCM Holding Inc. is a subsidiary of Ceridian Holding LLC.
CDAY Price Forecast Based on DCF Valuation
DCF Fair Value Target:
The table below illustrates the output of a discounted cash flow forecast using a variety of scenarios for Ceridian HCM Holding Inc. To summarize, we found that Ceridian HCM Holding Inc ranked in the 0th percentile in terms of potential gain offered. Our DCF analysis suggests the stock is overvalued by about 100%. As for the metrics that stood out in our discounted cash flow analysis of Ceridian HCM Holding Inc, consider:
The company's compound free cash flow growth rate over the past 0.77 years comes in at -0.54%; that's greater than only 1.49% of US stocks we're applying DCF forecasting to.
The company has produced more trailing twelve month cash flow than merely 13.16% of its sector Technology.
Ceridian HCM Holding Inc's effective tax rate, as measured by taxes paid relative to net income, is at 0 -- greater than only 0% of US stocks with positive free cash flow.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
AVID, CVET, HBB, VECO, and AIRG can be thought of as valuation peers to CDAY, in the sense that they are in the Technology sector and have a similar price forecast based on DCF valuation.
EBÈNE, Mauritius, June 23, 2020 (GLOBE NEWSWIRE) -- Ceridian (NYSE: CDAY; TSX: CDAY), a global leader in human capital management (HCM), today announced the availability of its award-winning Dayforce platform in the Mauritius market. Ceridian is also pleased to announce that IBL Group, the country's largest conglomerate, selected Dayforce to modernize its HR and people processes as part of an enterprise-wide culture change to become more client-centric.
Over half of US workers have struggled to cover their expenses between pay periods over the past six months, according to a new study released today by Ceridian (NYSE: CDAY; TSX: CDAY), a global human capital management (HCM) company. “The game-changing technology behind Dayforce Wallet enables employees to access their wages on demand – as they earn it and need it – making the traditional pay day obsolete.”
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