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Amdocs

DOX on Nasdaq. Computer programming services. Market value $6.3bn.

Watch this stockFree. We tell you when something changes.

This company reports once a year (it is based outside the US), so every figure comes from its annual report for the year to September 2024.

The latest annual report is over 15 months old, so we don't rank it.

Should I look at this?

Not a fit for our list right now

Why it could be worth it

What to watch out for

See Technology stocks that passed both tests

This is not advice. Check the numbers below.

Compare with another stock

Cash yield
annual report to September 2024
9.4%high

For every $100 of what the whole company costs, it produced $9.37 of spare cash last year. A savings account pays about $4.

Price to profit
annual report to September 2024
11.0×fair

You pay 11.0 years of operating profit for the business. The average large US company costs around 18.

Return on capital
five annual reports to September 2024
13.9%five-year median

Each dollar kept in the business earns 14 cents a year. Above 10 is good.

Quality score: not known. Price score: not known. Our list needs 70 on quality and 60 on price.

$58.49 a share, 18% above its 1-year low

Over the past year the price has ranged from $49.74 to $85.63.

Dividend: 3.2% a year

Paid every year for at least 5 years

Prices from Tuesday’s close (6 October).

Five years of cash, in billions

n/a
0.7
0.5
0.7
0.6
20202021202220232024
Revenue
$4.2bn$4.3bn$4.6bn$4.9bn$5.0bn
Operating margin
14.3%14.0%14.5%13.4%12.6%
Debt to equity
0.210.180.180.180.19
Shares outstanding
0.13bn0.12bn0.12bn0.12bn0.11bn

Health checks

  • Free cash flow positive4 of 4 years
  • Accounting looks honest (Beneish)Nothing unusual
  • Financial strength (Piotroski)6 of 9
  • Profit backed by cash (accruals)Yes
  • Debt0.19× equity
  • Revenue growth, five yearsSlow, 4.1% a year
  • Buying back its own sharesYes, 14% fewer since 2020

Dates

Next results (estimated)
n/a
Last annual report (10-K)
15 December 2025
Next quarterly (estimated, 10-Q)
n/a

Who owns it

8 long-term investors we follow own it, unchanged from 8 last quarter. 447 funds in all.

Jun '25
Dec '25
Jun '26
Largest holders overall

From 13F filings for the quarter ended 30 June 2026.

Big holders and activists

2 investors own more than 5%.

From Schedule 13D and 13G filings: anyone owning more than 5% must file one.

What insiders did

No insider bought shares on the open market in the last 12 months. 1 sold $29,005.

  • Smith Matthew E.
    See Remarks
    Sold
    Date
    29 May 2026
    Shares
    464
    Price
    $62.51
    Value
    $29,005

From Form 4 filings: insiders must report trades in their own company's shares within two days.

Warning signs in its filings

Problems the company itself reported to the SEC, in its own words.

Amdocs doesn’t file a US annual report (10-K), so we haven’t checked it.

A 10-K is the yearly report every US company files with the SEC. An 8-K is a short notice of a big event.

What could go wrong

Cheap for a reason is the question the numbers cannot answer.

Whether the price already reflects the risks is what the deep dive is for.

The deep dive

Everything above is arithmetic on public filings. The deep dive reads the last ten years of annual reports, the proxy statements, and the earnings calls, then argues the case the way Buffett, Klarman, and Hohn would, and checks every claim against the source.

  • What the business is worth, as a range, and the margin of safety at today’s price
  • Prices to start buying, buy, and buy hard
  • The three things that would make this a mistake
  • Every number footnoted to the filing it came from
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What a finished deep dive looks like

Not advice. Numbers on this page come from SEC filings and are updated each night; prices are updated again after the US market closes. The five-year figures are rounded.