(EXLS) ExlService Holdings - Overview

Sector: Technology | Industry: Information Technology Services | Exchange: NASDAQ (USA) | Market Cap: 4.848m USD | Total Return: -35.6% in 12m

Data Analytics, Digital Operations, Insurance, Healthcare, Finance
Total Rating 52
Safety 80
Buy Signal -0.68
Information Technology Services
Industry Rotation: -18.7
Market Cap: 4.85B
Avg Turnover: 56.4M USD
ATR: 3.64%
Peers RS (IBD): 27.1
Risk 5d forecast
Volatility31.3%
Rel. Tail Risk-12.9%
Reward TTM
Sharpe Ratio-1.21
Alpha-55.90
Character TTM
Beta0.632
Beta Downside0.846
Drawdowns 3y
Max DD44.96%
CAGR/Max DD-0.10
EPS (Earnings per Share) EPS (Earnings per Share) of EXLS over the last years for every Quarter: "2021-03": 0.24, "2021-06": 0.23, "2021-09": 0.26, "2021-12": 1.21, "2022-03": 0.28, "2022-06": 0.3, "2022-09": 0.31, "2022-12": 1.56, "2023-03": 0.35, "2023-06": 0.36, "2023-09": 0.37, "2023-12": 0.35, "2024-03": 0.38, "2024-06": 0.4, "2024-09": 0.44, "2024-12": 0.44, "2025-03": 0.48, "2025-06": 0.49, "2025-09": 0.48, "2025-12": 0.5, "2026-03": 0,
EPS CAGR: -43.82%
EPS Trend: -23.1%
Last SUE: -4.00
Qual. Beats: 0
Revenue Revenue of EXLS over the last years for every Quarter: 2021-03: 261.415, 2021-06: 275.064, 2021-09: 290.325, 2021-12: 295.489, 2022-03: 329.208, 2022-06: 346.782, 2022-09: 361.351, 2022-12: 374.703, 2023-03: 400.643, 2023-06: 404.996, 2023-09: 410.971, 2023-12: 414.058, 2024-03: 436.507, 2024-06: 448.366, 2024-09: 472.073, 2024-12: 481.426, 2025-03: 501.019, 2025-06: 514.46, 2025-09: 529.585, 2025-12: 542.615, 2026-03: null,
Rev. CAGR: 14.25%
Rev. Trend: 99.4%
Last SUE: 3.52
Qual. Beats: 4

Warnings

No concerns identified

Tailwinds

No distinct edge detected

Description: EXLS ExlService Holdings

ExlService Holdings, Inc. (EXLS) is a data and AI company operating globally. It offers digital operations, analytics, and AI-driven solutions across several sectors.

The companys primary segments include Insurance, Healthcare and Life Sciences, Banking, Capital Markets, and Diversified Industries. This diversified approach is common in the business process outsourcing (BPO) sector, which relies on economies of scale and specialized expertise.

EXLS provides a range of services such as claims management, premium administration, actuarial analytics, and underwriting support within the insurance industry. In healthcare, it focuses on care management, payment integrity, and revenue optimization. The company also offers financial planning, accounting, and regulatory reporting services, catering to the increasing demand for compliance and data-driven decision-making in financial services.

Its business model leverages software-as-a-service (SaaS) platforms like LifePRO and Subrosource, a common strategy for recurring revenue in technology-enabled service providers. Further research on ValueRay can provide deeper insights into EXLSs financial performance and market position.

Headlines to Watch Out For
  • AI and data analytics demand fuels revenue growth
  • Insurance sector spending drives service adoption
  • Healthcare industry contracts boost service revenue
  • Global economic slowdown impacts client spending
  • Regulatory changes in financial services create compliance demand
Piotroski VR‑10 (Strict) 9.0
Net Income: 251.0m TTM > 0 and > 6% of Revenue
FCF/TA: 0.18 > 0.02 and ΔFCF/TA 3.78 > 1.0
NWC/Revenue: 24.23% < 20% (prev 27.24%; Δ -3.01% < -1%)
CFO/TA 0.21 > 3% & CFO 350.7m > Net Income 251.0m
Net Debt (259.5m) to EBITDA (433.3m): 0.60 < 3
Current Ratio: 2.56 > 1.5 & < 3
Outstanding Shares: last quarter (162.5m) vs 12m ago -1.12% < -2%
Gross Margin: 38.37% > 18% (prev 0.38%; Δ 3.80k% > 0.5%)
Asset Turnover: 125.7% > 50% (prev 113.6%; Δ 12.15% > 0%)
Interest Coverage Ratio: 11.47 > 6 (EBITDA TTM 433.3m / Interest Expense TTM 30.1m)
Altman Z'' 8.08
A: 0.30 (Total Current Assets 830.0m - Total Current Liabilities 324.1m) / Total Assets 1.70b
B: 0.90 (Retained Earnings 1.53b / Total Assets 1.70b)
C: 0.21 (EBIT TTM 345.2m / Avg Total Assets 1.66b)
D: 1.71 (Book Value of Equity 1.35b / Total Liabilities 789.5m)
Altman-Z'' Score: 8.08 = AAA
Beneish M -3.16
DSRI: 0.84 (Receivables 343.1m/359.8m, Revenue 2.09b/1.84b)
GMI: 0.98 (GM 38.37% / 37.59%)
AQI: 0.96 (AQ_t 0.39 / AQ_t-1 0.41)
SGI: 1.14 (Revenue 2.09b / 1.84b)
TATA: -0.06 (NI 251.0m - CFO 350.7m) / TA 1.70b)
Beneish M-Score: -3.16 (Cap -4..+1) = AA
What is the price of EXLS shares? As of April 13, 2026, the stock is trading at USD 29.27 with a total of 3,397,035 shares traded.
Over the past week, the price has changed by -5.18%, over one month by -1.48%, over three months by -30.69% and over the past year by -35.63%.
Is EXLS a buy, sell or hold? ExlService Holdings has received a consensus analysts rating of 4.30. Therefore, it is recommended to buy EXLS.
  • StrongBuy: 5
  • Buy: 3
  • Hold: 2
  • Sell: 0
  • StrongSell: 0
What are the forecasts/targets for the EXLS price?
Analysts Target Price 41.7 42.5%
ExlService Holdings (EXLS) - Fundamental Data Overview as of 10 April 2026
P/E Trailing = 19.8377
P/E Forward = 14.1844
P/S = 2.3223
P/B = 5.3013
P/EG = 1.0138
Revenue TTM = 2.09b USD
EBIT TTM = 345.2m USD
EBITDA TTM = 433.3m USD
Long Term Debt = 293.7m USD (from longTermDebt, last quarter)
Short Term Debt = 22.4m USD (from shortTermDebt, last quarter)
Debt = 405.8m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 259.5m USD (from netDebt column, last quarter)
Enterprise Value = 4.93b USD (4.85b + Debt 405.8m - CCE 328.4m)
Interest Coverage Ratio = 11.47 (Ebit TTM 345.2m / Interest Expense TTM 30.1m)
EV/FCF = 16.52x (Enterprise Value 4.93b / FCF TTM 298.1m)
FCF Yield = 6.05% (FCF TTM 298.1m / Enterprise Value 4.93b)
FCF Margin = 14.28% (FCF TTM 298.1m / Revenue TTM 2.09b)
Net Margin = 12.02% (Net Income TTM 251.0m / Revenue TTM 2.09b)
Gross Margin = 38.37% ((Revenue TTM 2.09b - Cost of Revenue TTM 1.29b) / Revenue TTM)
Gross Margin QoQ = 38.63% (prev 38.51%)
Tobins Q-Ratio = 2.89 (Enterprise Value 4.93b / Total Assets 1.70b)
Interest Expense / Debt = 4.12% (Interest Expense 16.7m / Debt 405.8m)
Taxrate = 20.18% (15.2m / 75.5m)
NOPAT = 275.5m (EBIT 345.2m * (1 - 20.18%))
Current Ratio = 2.56 (Total Current Assets 830.0m / Total Current Liabilities 324.1m)
Debt / Equity = 0.44 (Debt 405.8m / totalStockholderEquity, last quarter 912.7m)
Debt / EBITDA = 0.60 (Net Debt 259.5m / EBITDA 433.3m)
Debt / FCF = 0.87 (Net Debt 259.5m / FCF TTM 298.1m)
Total Stockholder Equity = 984.5m (last 4 quarters mean from totalStockholderEquity)
RoA = 15.12% (Net Income 251.0m / Total Assets 1.70b)
RoE = 25.50% (Net Income TTM 251.0m / Total Stockholder Equity 984.5m)
RoCE = 27.00% (EBIT 345.2m / Capital Employed (Equity 984.5m + L.T.Debt 293.7m))
RoIC = 21.36% (NOPAT 275.5m / Invested Capital 1.29b)
WACC = 7.82% (E(4.85b)/V(5.25b) * Re(8.20%) + D(405.8m)/V(5.25b) * Rd(4.12%) * (1-Tc(0.20)))
Discount Rate = 8.20% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -100.0 | Cagr: -1.33%
[DCF] Terminal Value 82.18% ; FCFF base≈267.8m ; Y1≈330.3m ; Y5≈563.6m
[DCF] Fair Price = 62.64 (EV 10.06b - Net Debt 259.5m = Equity 9.80b / Shares 156.4m; r=7.82% [WACC]; 5y FCF grow 25.0% → 3.0% )
EPS Correlation: -23.06 | EPS CAGR: -43.82% | SUE: -4.0 | # QB: 0
Revenue Correlation: 99.41 | Revenue CAGR: 14.25% | SUE: 3.52 | # QB: 4
EPS next Quarter (2026-06-30): EPS=0.53 | Chg7d=+0.000 | Chg30d=+0.000 | Revisions Net=-2 | Analysts=8
EPS current Year (2026-12-31): EPS=2.18 | Chg7d=+0.000 | Chg30d=+0.000 | Revisions Net=-2 | Growth EPS=+11.8% | Growth Revenue=+10.4%
EPS next Year (2027-12-31): EPS=2.45 | Chg7d=-0.002 | Chg30d=-0.002 | Revisions Net=-2 | Growth EPS=+12.2% | Growth Revenue=+10.5%
[Analyst] Revisions Ratio: -0.50 (1 Up / 3 Down within 30d for Next Quarter)
[Growth] Implied Growth Rate = 3.2% (Discount Rate 8.2% - Earnings Yield 5.0%)
[Growth] Growth Spread = +7.3% (Analyst 10.5% - Implied 3.2%)
External Resources
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