Open Text Corporation provides a suite of software products and services that assist organizations in finding, utilizing, and sharing business information from various devices. The company was founded in 1991 and is based in Waterloo, Canada.
OTEX 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 Open Text Corp. To summarize, we found that Open Text Corp ranked in the 53th percentile in terms of potential gain offered. More precisely, our analysis suggests the stock is undervalued by approximately 46.33% on a DCF basis. The most interesting components of our discounted cash flow analysis for Open Text Corp ended up being:
The stock's equity weight, or the proportion of capital from equity relative to debt, is 72. Its equity weight surpasses that of merely 19.84% of free cash flow generating stocks in the Technology sector.
Open Text Corp's weighted average cost of capital (WACC) is 7%; for context, that number is higher than merely 14.42% of tickers in our DCF set.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
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WATERLOO, ON, Sept. 14, 2020 /CNW/ -- Open Text Corporation (NASDAQ: OTEX, TSX: OTEX) confirmed today that each of the proposals submitted to a vote by shareholders at its Annual General and Special Meeting of Shareholders (the "Meeting") held virtually today was approved, including the election of the eleven nominee directors listed in its management proxy circular dated August 5, 2020.
Is the bubble in technology stocks deflating or should you still buy into top growth stocks like Open Text (TSX:OTEX)(NASDAQ:OTEX) on the TSX? The post Tech Stock Sell-Off: Is the Worst Over? appeared first on The Motley Fool Canada .
OpenText™ (NASDAQ: OTEX), (TSX: OTEX) today announced the findings from a commissioned study conducted by Forrester Consulting on behalf of OpenText. The study confirms that migrating content management to the cloud remains critical for digital transformation. However, it also shows that a hybrid approach of both cloud-based and on-premises solutions can provide many of the same benefits, including improved flexibility, sales and service cycles, collaboration, and customer satisfaction.
You can make your money grow fast by investing in tech stocks like Absolute Software (TSX:ABT), Real Matters (TSX:REAL), and Open Text Corporation (TSX:OTEX)(NASDAQ:OTEX). The post Got $10,000? These 3 Tech Stocks Could Make You a Fortune appeared first on The Motley Fool Canada .
OpenText™ (NASDAQ: OTEX, TSX: OTEX) today announced that Co-op Group, a leading UK-based grocery retailer, has automated supplier on-boarding for some of its suppliers with OpenText Trading Grid. This new self-service functionality enables rapid on-boarding, while also allowing suppliers to share real-time information on orders including the sending of Advanced Shipping Notifications (ASNs) to notify Co-op Group of pending deliveries.