TCS - Cognizant Technology Solutions: New Leadership New Direction New Growth
Summary
- At 2.8x Price to Book and 15.1x P/E, Cognizant trades at a discount relative to the sector.
- Under the new leadership of Ravi Kumar, the company is well-positioned to win back the market share it lost to Infosys in the last three years.
- Cognizant's high FCF/NI and strong M&A capability, where it can reinvest cash for growth and return the remaining cash to investors, make it a growth and value stock.
- Cognizant has a strong portfolio of digital services, which could help it capture a larger share of the growing digital transformation services market.
For further details see:
Cognizant Technology Solutions: New Leadership, New Direction, New Growth