Corporate Webpages Xerox Holdings Corporation
The big news surrounding Xerox Holdings Corporation (XRX) of
late is its hostile attempt to takeover Hewlett-Packard (HP,
Inc.) in a $27 billion deal for which XRX claims it has obtained
financing. One of the most descriptive summaries of this
attempt is found where Google states, "Xerox Holdings Corp. has
set its sights on a takeover of personal-computer and printer
maker HP Inc., an audacious move that would unite two fading
stars of technology. Xerox is considering making a
cash-and-stock offer for HP which has a market value of about
$27 billion, according to people familiar with the matter."
Involved in this are some activist investors, some promoting the
deal such as Carl Ichan, because it would be good for him, and
others despising it as they think it would be bad for Xerox.
When one sees a lot of activist activity, it does suggest poor
management of the corporation, and possible management changes
which may or may not be for the better of the corporation itself.
Xerox has sought to beef up its fading status before, especially
with an attempted merger with Fuji Film, the company that brought down
Eastman Kodak, which failed to adapt to digital technology in
time, and spun off its chemical (film-making) division in a
really poor management decision. Fuji later sued XRX and won.
Analysts are neutral to negative on the stock, and researchers
have mixed opinions, although leaning toward optimism. The
company has a low Zenith Index indicating fundamentals problems,
but appears to have acceptable financial ratios. We note some
disturbing signs, one of which is the yield on some Xerox bonds
which jumped dramatically suggesting a collapse in bond prices.
We think this suggests XRX has over-extended itself on the HP
takeover attempt, which will likely not be successful as opposed
vigorously be HP after considering it. But American office
machine products have suffered with poor quality issues (in our
opinion) when compared to Japanese and Chinese products, like
those of Canon, Lenova, or even Brother, not to mention Toshiba,
Epson, and a host of others.
Institutions have been net sellers, and XRX stock appears to be
a candidate for a channeling or range trading mode, recently
breaking out of the top of a long-standing range on speculation
regarding the "story" associated with the stock.
Xerox recently restructured itself as a subsidiary of a new
holding company. The idea of this "Stategic Transformation"
program was to reduce costs, increase productivity, and open up
new market opportunities through acquisitions. Xerox faces
recent unfavorable currency movements in international dealings.
It has maintained high profit margins compared to some
competition, but with higher prices comes reduced demand.
We think this large company is a "sell" that will drive its
stock back into a recent trading range. The HP deal may
never come off. like the Fuji deal, alhtough at one point HP was
seriously considering it.
01-29-2020: Xerox Holdings Corporation (XRX): Fading Star of Technology
(WAIT FOR PAGE TO LOAD COMPLETELY BEFORE LINKS WORK.)
Company Profile
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News
Comparison with Peers
Bond Issue
Zenith Index
Financial Statements
Avg. P/E to Current P/E
Financial Ratios
Intrinsic Value (Disc. CashFlow)
Fair Value Estimator
Projected Earnings
Research Reports
Analysts' Opinions
Insider Activity
Institutional Activity
Sentiment
Short Interest
Standard & Poor's
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Channel Potential
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Company Profile |
Company History |
News |
Comparison |
Similar Companies Performance:
Bond Issue |
Zenith Index |
Under current market conditions, a Zenith Index Score of 1.20 or above is required for a positive rating on this factor. 1.21 -1.30 is considered acceptable, 1.30-1.40 is considered strong and
> 1.40 is considered exceptionally strong. Accounting statements in this section often contain mistakes, especially in earlier years' totals, but data is deemed sufficient for us to give a rating. More accurate financial statements follow in the next section.
XRX Xerox Corporation
Exchange: NYSE Group: Sector Industry: Industry
Rank of Industry: 2 Rank within Industry: 4 out of 25
Shares Out: 216.19 (mil.) Market Capitalization:$ 7,679.00 (mil.)
Sales (12 mo.): $ 0.00 (mil.) Sales Growth: -6.46%
Avg Broker Recommend (1=Strong Buy): 3.00 Consensus Target: 38.00
Dividend:$ 0.00 Yield: 2.82% Payout Ratio: 0.24 Payout Chg: 0.00%
Founded in 1906 and headquartered in Norwalk, Connecticut, Xerox is a
print technology and intelligent work solutions provider. The company
designs, develops, and sells document management systems and solutions.
XeroxGÇÖs intelligent workplace service offerings include managed print
services; digitization services; and digital solutions including
workflow automation, personalization and communication software, and
The company also offers desktop monochrome and color printers,
multifunction printers, graphic communications and commercial printers,
digital printing presses, light production devices, copiers, inkjet
presses and FreeFlow portfolio of software solutions for automation and
In addition, Xerox offers paper products, wide-format systems, and
network integration solutions. Products and services are sold directly
Recent Price: 1.00 52-Week High: 39.47 52-Week Low: 24.02
20-Day Avg. Daily Volume = 1,424,378 Beta: 1.80
Earnings per Share (EPS) Estimates:
This Next This Next
Quarter Quarter Year Year
12/2019 03/2020 12/2019 12/2020
Average Estimate 0.00 0.00 0.00 0.00
Number of Estimates 1 0 1 1
Low Estimate 1.02 0.00 3.37 0.00
High Estimate 1.02 0.00 3.37 0.00
Year Ago EPS 1.14 0.91 3.46 3.33
EPS Growth -10.53% 0.00% 1.20% 0.00%
P/E Ratio Related Data: EPS Sales
Current FY Estimate: 8.62 Growth Growth
Trailing 12 Months: 10.54 vs. Previous Quarter: 9.09% -3.89%
P/E Growth Ratio: 0.00 vs. Previous Year: 0.00% -6.46%
Price/Sales Ratio: 0.00 Price/Book Ratio: 1.63 Price/Cash Flow: 5.96
Other Fundamental Data:
NA 06/30/19
Return on Investment 0.00 18.78 0.00
Return on Assets 6.64 6.39 0.00
Current Ratio 0.00 1.11 1.33
Quick Ratio 0.91 0.91 1.09
Operating Margin 0.00 10.62 10.17
Net Margin 0.00 7.28 5.76
Pre-Tax Margin 0.00 0.00 0.00
Book Value 0.00 0.00 0.00
Inventory Turnover 0.00 6.89 6.59
Debt-to-Equity Ratio 0.66 0.79 0.00
Debt-to-Capital Ratio 0.00 38.78 43.22
Reported and Estimated Quarterly Earnings:
Reported 09/2019 06/2019 03/2019 12/2018
1.08 0.99 0.91 1.14
Estimated 12/2019 03/2020 12/2019 12/2020
Consensus 7 Days Ago 1.02 0.00 3.33 3.37
Upward Revisions 0 0 0 0
Downward Revisions 0 0 0 0
Consensus 30 Days Ago 1.02 0.00 3.33 3.37
Upward Revisions 0 0 0 0
Downward Revisions 0 0 0 0
Annual Income Statements ($mil except EPS data):
12/31/19 12/31/18 12/31/17 12/31/16 12/31/15
Sales 0.00 9830.00 10265.00 10771.00 18045.00
Cost of Goods 0.00 5903.00 6204.00 6510.00 12782.00
Gross Profit 0.00 3927.00 4061.00 4261.00 5263.00
Selling, Deprec, Amort Expense 0.00 2855.00 3077.00 3171.00 4122.00
Income After Deprec + Amortization 0.00 1072.00 984.00 1090.00 1141.00
Non-Operating Income 0.00 -474.00 -414.00 -522.00 -729.00
Interest Expense 0.00 0.00 0.00 0.00 0.00
Pretax Income 0.00 598.00 570.00 568.00 412.00
Income Taxes 0.00 257.00 481.00 62.00 -23.00
Minority Interest 0.00 13.00 12.00 11.00 18.00
Investment Gains/Losses 0.00 33.00 115.00 121.00 135.00
Other Income/Charges 0.00 0.00 0.00 0.00 0.00
Income from Continuing Operations 0.00 374.00 204.00 627.00 570.00
Extras + Discontined Operations 0.00 0.00 3.00 -1093.00 -78.00
Net Income 0.00 361.00 195.00 -477.00 474.00
Income before Depr. + Amortization 0.00 1598.00 1511.00 1653.00 2331.00
Depreciation + Amort. (Cash Flow) 0.00 0.00 0.00 0.00 0.00
Average Shares 0.00 258.00 274.65 256.00 269.00
Diluted EPS bf Non-Recurring Items 0.00 3.46 3.48 3.52 3.92
Diluted Net EPS 0.00 1.38 0.71 -1.96 1.68
Balance Sheets ($mil. except per share data):
12/31/19 12/31/18 12/31/17 12/31/16 12/31/15
Assets:
Cash + Equivalents 0.00 1.00 1.00 2.00 1.00
Receivables 0.00 2599.00 2786.00 2307.00 3731.00
Notes Receivable 0.00 0.00 0.00 0.00 0.00
Inventories 0.00 818.00 915.00 841.00 942.00
Other Current Assets 0.00 194.00 236.00 1621.00 644.00
Total Current Assets 0.00 4695.00 5230.00 6992.00 6685.00
Property, Plant & Equipment 0.00 499.00 629.00 660.00 996.00
Investments + Advances 0.00 1403.00 1404.00 1388.00 1389.00
Other Non-Current Assets 0.00 2149.00 2323.00 2398.00 2576.00
Deferred Charges 0.00 740.00 1026.00 0.00 0.00
Intangibles 0.00 4087.00 4198.00 4077.00 10588.00
Deposits + Other Assets 0.00 1301.00 1136.00 2630.00 2583.00
Total Assets 0.00 14.00 15.00 18.00 24.00
12/31/19 12/31/18 12/31/17 12/31/16 12/31/15
Liabilities:
Notes Payable 0.00 0.00 0.00 0.00 0.00
Accounts Payable 0.00 1091.00 1108.00 1126.00 1614.00
Current Portion Long-Term Debt 0.00 961.00 282.00 1011.00 985.00
Current Portion Capital Leases 0.00 0.00 0.00 0.00 0.00
Accrued Expenses 0.00 349.00 444.00 420.00 651.00
Income Taxes Payable 0.00 0.00 0.00 0.00 0.00
Other Current Liabilities 0.00 850.00 907.00 2097.00 2004.00
Total Current Liabilities 0.00 3251.00 2741.00 4654.00 5254.00
Mortgages 0.00 0.00 0.00 0.00 0.00
Deferred Income Taxes 0.00 0.00 0.00 0.00 0.00
Convertible Debt 0.00 0.00 0.00 0.00 0.00
Long-Term Debt 0.00 4269.00 5235.00 5305.00 6382.00
Non-Current Capital Leases 0.00 0.00 0.00 0.00 0.00
Other Non-Current Liabilities 0.00 2101.00 2463.00 3131.00 3715.00
Minority Interest 0.00 0.00 0.00 0.00 0.00
Total Liabilities 0.00 9.00 10.00 13.00 15.00
12/31/19 12/31/18 12/31/17 12/31/16 12/31/15
Shareholder Equity:
Preferred Stock 0.00 214.00 214.00 214.00 349.00
Common Sock 0.00 232.00 255.00 1014.00 1013.00
Capital Surplus 0.00 3321.00 3893.00 3098.00 3017.00
Retained Earnings 0.00 5072.00 4856.00 5039.00 9686.00
Other Equity 0.00 -3531.00 -3711.00 -4310.00 -4599.00
Treasury Stock 0.00 55.00 0.00 0.00 0.00
Total Shareholder Equity 0.00 5039.00 5293.00 4841.00 9117.00
Total Liabilities+ Owners' Equity 0.00 14874.00 15946.00 18145.00 24817.00
Total Common Equity 0.00 0.00 0.00 0.00 0.00
Shares Outstanding 216.10 238.20 254.50 253.40 253.10
Book Value per Share 0.00 0.00 0.00 0.00 0.00
Cash Flow Statement:
Operations, Investments, & Financial Activities
12/31/19 12/31/18 12/31/17 12/31/16 12/31/15
Net Income 0.00 374.00 207.00 -466.00 492.00
Depreciation/Amortization + Deplet 0.00 526.00 527.00 563.00 1190.00
Net Change in Assets/Liab. 0.00 -40.00 -620.00 -687.00 -93.00
Net Cash f Discontinued Operations 0.00 0.00 -91.00 1170.00 0.00
Other Operating Activities 0.00 280.00 11.00 515.00 22.00
Net Cash f Operating Activities 0.00 1.00 34.00 1.00 1.00
Property + Equipment 0.00 -90.00 -66.00 -68.00 -158.00
Acquisition/Disp. of Subsidiaries 0.00 59.00 -67.00 -30.00 729.00
Investments 0.00 0.00 0.00 0.00 0.00
Other Investing Activity 0.00 2.00 102.00 -299.00 -63.00
Net Cash from Investing 0.00 -29.00 -31.00 -397.00 508.00
Use of Funds
12/31/19 12/31/18 12/31/17 12/31/16 12/31/15
Issue (Repurchase) Capital Stock 0.00 -700.00 -15.00 8.00 -1334.00
Issuance (Repayment) of Debt 0.00 -302.00 -824.00 -963.00 -223.00
Increase/Decrease Short-Term Debt 0.00 -5.00 2.00 1888.00 -147.00
Dividends + Distributions 0.00 0.00 0.00 0.00 0.00
Other Financing Acitivies 0.00 -25.00 143.00 -18.00 18.00
Net Cash from Financing 0.00 -1301.00 -985.00 584.00 -2074.00
Effect of Exchange Rate Changes 0.00 -30.00 52.00 -287.00 -88.00
Net Change in Cash + Equivalents 0.00 -220.00 -930.00 995.00 -43.00
Net Change in Cash & Equivalents
12/31/19 12/31/18 12/31/17 12/31/16 12/31/15
Cash at Beginning of Per. 0.00 1368.00 2223.00 1228.00 1411.00
Cash at End of Period 0.00 1148.00 1293.00 2223.00 1368.00
Net Change in Cash + Equivalents 0.00 -220.00 -930.00 995.00 -43.00
Zenith Indices: [Indices near +3.0, or near zero,
or < zero bear special attention.]
P/E Ratio Tests:
Current P/E Ratio < 28? 2.6565 P/E Ratio > 5? 1.0000
P/E Ratio Vs Growth Rate: 0.1139 Forward P/E Ratio < 28? 3.0000
Sales Tests:
Sales < $500 mil.? 0.0509 Sales incr. 25% Yearly? -0.2584
Sales > $340 million? 3.0000 Inventory/Sales < 5%? 0.6009
Balance Sheet Tests:
Debt/Equity Ratio < 0.40? 0.5063 LTD/Net Assets: 0.0033
Debt Reduction: 1.2427 Intangibles/Assets < 10%? 0.0003
Current Ratio > 2? 1.1100 Return on Equity > 9.8%? 1.9163
Earnings Tests:
EPS 5-Yr. Growth > 18%? 0.9921 Operating Margin > 5%? 0.4708
EPS Annual Growth > 0%? 0.9090 Dividend Rate cp 2.7%: 1.0444
Earnings Consistent? 1.3333 Payout Ratio Decreasing? -0.0800
Net Income Increasing 25%? 1.4810 Price<15% below 52-wk Hi? 0.0291
Positive Cash Flow? 0.8879 Price/Book X PE < 22? 1.2805
Profit Margin > 7.5%? 0.9707 Price/Book < 1.6? 0.9816
Profit Margin Increasing? 1.2639 Stock Compared to S+P 500:-3.0000
Price & Float Tests:
Return on Investment>12%? 1.1047 Shares Out > 50 mil.? 3.0000
Return on Assets > 10%? 0.0000 Beta > 1.25?: 1.8000
Price/Sales Ratio < 2.3? 0.0000 Liquidity > 2%? 3.0000
Ownership Tests:
Analyst Following > 2.0? 1.0000 Market Capital'n > 300M? 3.0000
Owner's Equity Increasing? 0.5527 Shares Out Decreasing? 1.0626
XRX Overall Zenith Index: 1.1038
Financial Statements |
XEROX HOLDINGS CORP (XRX) INCOME STATEMENT Fiscal year ends in December. USD in thousand 2014-12 2015-12 2016-12 2017-12 2018-12 TTM Revenue 19,540,000 18,045,000 10,771,000 10,265,000 9,830,000 9,228,000 Cost of revenue 13,294,000 12,782,000 6,510,000 6,204,000 5,903,000 5,548,000 Gross profit 6,246,000 5,263,000 4,261,000 4,061,000 3,927,000 3,680,000 Operating expenses Research and development 577,000 563,000 476,000 446,000 397,000 374,000 Sales, General and administrative 3,788,000 3,559,000 2,695,000 2,631,000 2,458,000 2,148,000 Restructuring, merger and acquisition 128,000 186,000 264,000 220,000 158,000 243,000 Other operating expenses 187,000 124,000 -206,000 -167,000 -110,000 -196,000 Total operating expenses 4,680,000 4,432,000 3,229,000 3,130,000 2,903,000 2,569,000 Operating income 1,566,000 831,000 1,032,000 931,000 1,024,000 1,111,000 Interest Expense 237,000 223,000 181,000 119,000 112,000 108,000 Other income (expense) -123,000 -196,000 -283,000 -242,000 -314,000 -351,000 Income before taxes 1,206,000 412,000 568,000 570,000 598,000 652,000 Provision for income taxes 259,000 -23,000 62,000 481,000 257,000 145,000 Other income 160,000 135,000 121,000 115,000 33,000 176,000 Net income from continuing operations 1,107,000 570,000 627,000 204,000 374,000 683,000 Net income from discontinuing ops -115,000 -78,000 -1,093,000 3,000 0 0 Other -23,000 -18,000 -11,000 -12,000 -13,000 -11,000 Net income 969,000 474,000 -477,000 195,000 361,000 672,000 Preferred dividend 24,000 24,000 24,000 14,000 14,000 14,000 Net income available to common shareholders 945,000 450,000 -501,000 181,000 347,000 658,000 Earnings per share Basic 3.28 1.68 -1.96 0.71 1.40 2.90 Diluted 3.24 1.68 -1.96 0.71 1.38 2.82 Weighted average shares outstanding Basic 288,591 266,132 253,391 254,341 248,707 226,880 Diluted 299,641 269,056 255,995 256,570 251,660 229,833 ____________________________________________________________________________________________________________________________________________ XEROX HOLDINGS CORP (XRX) BALANCE SHEET Fiscal year ends in December. USD in thousand 2014-12 2015-12 2016-12 2017-12 2018-12 Assets Current assets Cash Total cash 1,411,000 1,368,000 2,223,000 1,293,000 1,084,000 Receivables 2,762,000 2,207,000 741,000 1,160,000 1,104,000 Inventories 934,000 942,000 841,000 915,000 818,000 Prepaid expenses 0 135,000 0 0 59,000 Other current assets 3,767,000 2,033,000 3,187,000 1,862,000 1,630,000 Total current assets 8,874,000 6,685,000 6,992,000 5,230,000 4,695,000 Non-current assets Property, plant and equipment Gross property, plant and equipment 2,654,000 5,690,000 4,603,000 4,618,000 4,328,000 Accumulated Depreciation -1,006,000 -4,199,000 -3,468,000 -3,535,000 -3,387,000 Net property, plant and equipment 1,648,000 1,491,000 1,135,000 1,083,000 941,000 Equity and other investments 1,338,000 1,389,000 1,388,000 1,404,000 1,403,000 Goodwill 8,805,000 8,823,000 3,787,000 3,930,000 3,867,000 Intangible assets 2,031,000 2,443,000 290,000 268,000 558,000 Deferred income taxes 0 714,000 0 1,026,000 740,000 Other long-term assets 4,962,000 3,272,000 4,553,000 3,005,000 2,670,000 Total non-current assets 18,784,000 18,132,000 11,153,000 10,716,000 10,179,000 Total assets 27,658,000 24,817,000 18,145,000 15,946,000 14,874,000 Liabilities and stockholders' equity Liabilities Current liabilities Short-term debt 1,427,000 985,000 1,011,000 282,000 961,000 Accounts payable 1,584,000 1,614,000 1,126,000 1,108,000 1,091,000 Taxes payable 0 133,000 0 0 110,000 Accrued liabilities 0 73,000 0 0 263,000 Deferred revenues 431,000 428,000 187,000 0 156,000 Other current liabilities 2,634,000 2,021,000 2,330,000 1,351,000 670,000 Total current liabilities 6,076,000 5,254,000 4,654,000 2,741,000 3,251,000 Non-current liabilities Long-term debt 6,314,000 6,382,000 5,305,000 5,235,000 4,269,000 Deferred taxes liabilities 0 60,000 0 0 51,000 Deferred revenues 0 100,000 0 0 0 Pensions and other benefits 3,712,000 3,298,000 2,938,000 2,257,000 1,832,000 Minority interest 75,000 43,000 38,000 37,000 34,000 Other long-term liabilities 498,000 257,000 193,000 206,000 218,000 Total non-current liabilities 10,599,000 10,140,000 8,474,000 7,735,000 6,404,000 Total liabilities 16,675,000 15,394,000 13,128,000 10,476,000 9,655,000 Stockholders' equity Preferred stock 349,000 349,000 214,000 214,000 214,000 Common stock 1,124,000 1,013,000 1,014,000 255,000 232,000 Additional paid-in capital 4,283,000 3,017,000 3,098,000 3,893,000 3,321,000 Retained earnings 9,491,000 9,686,000 5,039,000 4,856,000 5,072,000 Treasury stock -105,000 0 0 0 -55,000 Accumulated other comprehensive income -4,159,000 -4,642,000 -4,348,000 -3,748,000 -3,565,000 Total stockholders' equity 10,983,000 9,423,000 5,017,000 5,470,000 5,219,000 Total liabilities and stockholders' equity 27,658,000 24,817,000 18,145,000 15,946,000 14,874,000 ____________________________________________________________________________________________________________________________________________ XEROX HOLDINGS CORP (XRX) Statement of CASH FLOW Fiscal year ends in December. USD in thousand 2014-12 2015-12 2016-12 2017-12 2018-12 TTM Cash Flows From Operating Activities Net income 992,000 492,000 627,000 204,000 374,000 683,000 Depreciation & amortization 1,426,000 1,190,000 563,000 527,000 526,000 460,000 Deferred income taxes 113,000 32,000 -9,000 399,000 135,000 0 Stock based compensation 91,000 46,000 50,000 52,000 57,000 54,000 Change in working capital -831,000 -139,000 -711,000 -641,000 -40,000 -56,000 Accounts receivable -436,000 111,000 -151,000 -529,000 30,000 55,000 Inventory -22,000 -101,000 7,000 -69,000 35,000 159,000 Accounts payable 0 0 0 0 -18,000 -64,000 Other working capital -373,000 -149,000 -567,000 -43,000 -87,000 -206,000 Other non-cash items 272,000 -10,000 575,000 -507,000 88,000 169,000 Net cash provided by operating activities 2,063,000 1,611,000 1,095,000 34,000 1,140,000 1,310,000 Cash Flows From Investing Activities Investments in property, plant, and equipmen -368,000 -251,000 -93,000 -69,000 -90,000 -65,000 Property, plant, and equipment reductions 54,000 93,000 25,000 3,000 0 0 Acquisitions, net -314,000 729,000 -30,000 -67,000 59,000 6,000 Purchases of intangibles -84,000 -91,000 -45,000 -36,000 0 0 Other investing activities 9,000 28,000 -254,000 138,000 2,000 2,000 Net cash used for investing activities -703,000 508,000 -397,000 -31,000 -29,000 -57,000 Cash Flows From Financing Activities Debt issued 0 1,079,000 25,000 1,008,000 9,000 9,000 Debt repayment -175,000 -1,302,000 -988,000 -1,832,000 -311,000 -406,000 Common stock issued 55,000 19,000 9,000 0 0 0 Common stock repurchased -1,112,000 -1,353,000 -1,000 -15,000 -700,000 -784,000 Dividend paid -313,000 -326,000 -331,000 -291,000 -269,000 -248,000 Other financing activities -79,000 -191,000 1,870,000 145,000 -30,000 -40,000 Net cash provided by (used for) financing -1,624,000 -2,074,000 584,000 -985,000 -1,301,000 -1,469,000 Effect of exchange rate changes -89,000 -88,000 -30,000 52,000 -30,000 -23,000 Net change in cash -353,000 -43,000 1,252,000 -930,000 -220,000 -239,000 Cash at beginning of period 1,764,000 1,411,000 1,228,000 2,223,000 1,368,000 1,218,000 Cash at end of period 1,411,000 1,368,000 2,480,000 1,293,000 1,148,000 979,000 Free Cash Flow Operating cash flow 2,063,000 1,611,000 1,095,000 34,000 1,140,000 1,310,000 Capital expenditure -452,000 -342,000 -138,000 -105,000 -90,000 -65,000 Free cash flow 1,611,000 1,269,000 957,000 -71,000 1,050,000 1,245,000 ____________________________________________________________________________________________________________________________________________
Average to Current P/E Ratios |
(XRX) Xerox Holdings Corp.
2015 2016 2017 2018 2019
Annual Earnings: 3.99 1.30 -1.95 0.71 1.38
Average Price During Year: 30.64 25.96 29.42 28.55 30.92
P/E Ratio: 7.68 19.97 15.09 40.21 22.41
Average 5-Year P/E Ratio = 21.07
Current Price = 35.23
Previous 5 Quarter Earnings: 0.33 0.56 0.54 0.77 0.96
Current Annualized (Last Four Quarters) Earnings = 2.27
________
Average PE / Current PE = 1.36
--------
...a number above 1.00 is good
1.00 or below is bad
Financial Ratios |
. . . . . . . . . . . . Lowest to Highest, Compared to Industry
Intrinsic Value (DCF) |
Intrinsic Value by Discounted Cash Flow Method:
Fair Value Estimator |
Fair Value Estimate:
Projected Earnings |
Research Reports |
Analysts' Opinions |
Insider Activity |
Institutional Activity |
Institutional Ownership:
Sentiment |
Zenith uses the "sentiment" score above or below 50 to award a positive or negative point in the Decision Matrix.
Short Interest Ratio |
As the short interest rises as a percentage of average daily share volume (Days to Cover), this is considered a measure of negative sentiment. Similarly, a decrease in that percentage is considered positive sentiment.
Standard & Poor's |
Management's Discussion of Results of Operations Excerpts |
Channeling Potential |
The summary below includes a value for `Degree,' which refers on a
scale of 1 to 10 the range of a channel in the period under consi-
deration compared to the total range of price movement. It also looks
for the last closing price to be within the channel, otherwise zeroed.
The `Index' is the `Degree' weighted for volatility. Generally, the
the higher the index, the more suitable is the stock for trading as
a `rolling stock' between channel high and low points.
Results for XEROX HOLDINGS CORP.:
Symbol? XRX
Total Months Available: 25
Months in Cycle? 4
Months Covered by Periods: 12
Period 1 Period 2 Period 3
H1 L1 H2 L2 H3 L3
35.18 23.52 36.58 27.25 39.47 28.29
RANGE = 39.47 TO 23.52 Close = 35.52
CHANNEL = 35.18 TO 28.29 Degree = 4
Volatility = 19.40% Index = 7
MACD Histogram Divergence |
The theory is that connecting the two most recent peaks or valleys of the MACD histogram will signal the direction of the next major move.
Intraday Chart |
2 Days:
Val Idea |
3 out of 9 favorable, (negative opinion.)
Stock Consultant |
Point & Figure Chart |
Wall Street Analyzer |
Marketspace Chart |
Time Series Forecast |
Neural Network Prediction |
"Neurostock" can only track long trades. Therefore its performance, as tracked by itself on stocks which are consistently falling, may not appear as good as it could if each "sell" signal were a "short sale."
Ultimate Trading Systems |
3 out of 3 of the ultimate systems favor a downmove.
System Below:
Short term outlook: Positive: Bright Green, Negative: Bright Red
Long term outlook: Postive: Dark Green, Negative: Dark Red.
Recommendation |
| Factors | Weighted Points |
|---|---|
| News | - 1 |
| Comparison | - 1 |
| Industry | - 1 |
| Bond Issue | + 1 |
| Zenith Index | - 1 |
| Non-GAAP vs. GAAP Earnings | - 1 |
| Cash Flow | - 1 |
| Average to Current P/E | + 1 |
| Ratios | + 1 |
| Intrinsic Value DCF | - 1 |
| Fair Value Estimator | + 1 |
| Projected Earnings | + 1 |
| Research Reports | + 1 |
| Analysts | - 1 |
| Executive Perquisites | - 1 |
| Insider Activity | - 1 |
| Institutional Activity | - 1 |
| Management Reporting | + 1 |
| Short Interest | + 1 |
| Sentiment | - 1 |
| Standard & Poor's | - 1 |
| MACD Histogram Divergence | + 1 |
| Val Idea | - 1 |
| Stock Consultant | + 1 |
| Point & Figure | + 1 |
| Wall Street Analyzer | + 1 |
| Marketspace Chart | + 1 |
| Time Series Chart | - 1 |
| Neural Network | - 1 |
| Stock Options | + 1 |
| Ultimate Trading Systems | - 1 |
| Total | - 3 |
Place 855 shares of Xerox Corporation (XRX) on the Active List.
