Amdocs (DOX)
Market Price (11/7/2025): $83.97 | Market Cap: $9.3 BilSector: Information Technology | Industry: Systems Software
Amdocs (DOX)
Market Price (11/7/2025): $83.97Market Cap: $9.3 BilSector: Information TechnologyIndustry: Systems Software
Investment Highlights
Why It Matters
Which of these 2 stories sounds closer for this stock?
1. Generates cash flow
The stock generated 4% or more of the share price (called cash flow yield), and shows moderate 10-15% or more growth.
2. Riding a trend
Think Tesla during the pandemic of 2020 when EVs were riding a cultural high, or Nvidia in the current AI boom, or even Figma. These companies don’t have enough yield, or, enough growth, or both - however - they are riding a trend. They have momentum. These can be more volatile - they don’t have the floor of strong cash flow
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 8.4%, Dividend Yield is 2.4%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 4.0%, FCF Yield is 6.9% | Weak multi-year price returns2Y Excs Rtn is -46%, 3Y Excs Rtn is -69% | Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -6.8%, Rev Chg QQuarterly Revenue Change % is -8.4% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 16%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 14% | ||
| Low stock price volatilityVol 12M is 21% |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 8.4%, Dividend Yield is 2.4%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 4.0%, FCF Yield is 6.9% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 16%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 14% |
| Low stock price volatilityVol 12M is 21% |
| Weak multi-year price returns2Y Excs Rtn is -46%, 3Y Excs Rtn is -69% |
| Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -6.8%, Rev Chg QQuarterly Revenue Change % is -8.4% |
Market Valuation & Key Metrics
DOX Stock
Return vs. Risk
Price Returns Compared
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| DOX Return | 0% | 7% | 24% | -1% | -1% | 0% | 31% |
| Peers Return | 13% | 13% | -55% | 16% | 37% | -13% | -20% |
| S&P 500 Return | 16% | 27% | -19% | 24% | 23% | 14% | 108% |
Monthly Win Rates [3] | |||||||
| DOX Win Rate | 33% | 42% | 67% | 50% | 42% | 60% | |
| Peers Win Rate | 23% | 55% | 35% | 50% | 53% | 50% | |
| S&P 500 Win Rate | 58% | 75% | 42% | 67% | 75% | 70% | |
Max Drawdowns [4] | |||||||
| DOX Max Drawdown | -36% | -2% | -1% | -12% | -14% | -5% | |
| Peers Max Drawdown | -8% | -1% | -59% | -38% | -40% | -37% | |
| S&P 500 Max Drawdown | -31% | -1% | -25% | -1% | -2% | -15% | |
[1] Cumulative total returns since the beginning of 2020
[2] Peers: GEN, PATH, S, VRNT, ARQQ.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 11/6/2025 (YTD)
How Low Can It Go
| Event | DOX | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -20.4% | -25.4% |
| % Gain to Breakeven | 25.6% | 34.1% |
| Time to Breakeven | Not Fully Recovered days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -39.4% | -33.9% |
| % Gain to Breakeven | 64.9% | 51.3% |
| Time to Breakeven | 322 days | 148 days |
| 2018 Correction | ||
| % Loss | -24.0% | -19.8% |
| % Gain to Breakeven | 31.5% | 24.7% |
| Time to Breakeven | 213 days | 120 days |
| 2008 Global Financial Crisis | ||
| % Loss | -60.4% | -56.8% |
| % Gain to Breakeven | 152.4% | 131.3% |
| Time to Breakeven | 1705 days | 1480 days |
Compare to GEN, PATH, S, VRNT, ARQQ
In The Past
Amdocs's stock fell -20.4% during the 2022 Inflation Shock from a high on 6/30/2023. A -20.4% loss requires a 25.6% gain to breakeven.
Preserve Wealth
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Asset Allocation
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Latest Trefis Analyses
| Title | Topic | |
|---|---|---|
| DASHBOARDS | ||
| How Low Can Amdocs Stock Really Go? | Return | |
| DOX Dip Buy Analysis | ||
| Amdocs (DOX) Valuation Ratios Comparison | Financials | |
| Now Is Not The Time To Buy Amdocs Stock | Buy or Fear | |
| Amdocs (DOX) Operating Cash Flow Comparison | Financials | |
| Amdocs (DOX) Net Income Comparison | Financials | |
| Amdocs (DOX) Operating Income Comparison | Financials | |
| Amdocs (DOX) Revenue Comparison | Financials | |
| Fundamental Metrics: ... |
| Title | |
|---|---|
| ARTICLES |
Trade Ideas
Select past ideas related to DOX. For more, see Trefis Trade Ideas.
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 10312025 | ZBRA | Zebra Technologies | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | -4.1% | -4.1% | -4.1% |
| 10312025 | ACN | Accenture | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | -3.5% | -3.5% | -3.5% |
| 10312025 | ADBE | Adobe | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | -3.8% | -3.8% | -3.8% |
| 10312025 | TXN | Texas Instruments | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | -0.0% | -0.0% | -1.3% |
| 10242025 | MRVL | Marvell Technology | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | 10.9% | 10.9% | 0.0% |
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 10312025 | ZBRA | Zebra Technologies | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | -4.1% | -4.1% | -4.1% |
| 10312025 | ACN | Accenture | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | -3.5% | -3.5% | -3.5% |
| 10312025 | ADBE | Adobe | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | -3.8% | -3.8% | -3.8% |
| 10312025 | TXN | Texas Instruments | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | -0.0% | -0.0% | -1.3% |
| 10242025 | MRVL | Marvell Technology | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | 10.9% | 10.9% | 0.0% |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons for Amdocs
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 22.86 |
| Mkt Cap | 7.6 |
| Rev LTM | 1,497 |
| Op Inc LTM | 77 |
| FCF LTM | 310 |
| FCF 3Y Avg | 268 |
| CFO LTM | 335 |
| CFO 3Y Avg | 282 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 8.3% |
| Rev Chg 3Y Avg | 14.6% |
| Rev Chg Q | 14.4% |
| QoQ Delta Rev Chg LTM | 3.1% |
| Op Mgn LTM | 8.6% |
| Op Mgn 3Y Avg | 8.9% |
| QoQ Delta Op Mgn LTM | 0.6% |
| CFO/Rev LTM | 15.9% |
| CFO/Rev 3Y Avg | 16.6% |
| FCF/Rev LTM | 13.7% |
| FCF/Rev 3Y Avg | 13.4% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 7.6 |
| P/S | 3.7 |
| P/EBIT | 9.6 |
| P/E | 19.9 |
| P/CFO | 12.6 |
| Total Yield | 5.0% |
| Dividend Yield | 0.0% |
| FCF Yield 3Y Avg | 6.3% |
| D/E | 0.1 |
| Net D/E | 0.1 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | -4.9% |
| 3M Rtn | -2.4% |
| 6M Rtn | 2.0% |
| 12M Rtn | -8.5% |
| 3Y Rtn | 4.2% |
| 1M Excs Rtn | -7.3% |
| 3M Excs Rtn | -7.5% |
| 6M Excs Rtn | -16.7% |
| 12M Excs Rtn | -23.0% |
| 3Y Excs Rtn | -84.7% |
Returns Analyses
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 6302025 | 8072025 | 6-K 6/30/2025 |
| 3312025 | 5192025 | 6-K 3/31/2025 |
| 12312024 | 2182025 | 6-K 12/31/2024 |
| 9302024 | 12172024 | 20-F 9/30/2024 |
| 6302024 | 8192024 | 6-K 6/30/2024 |
| 3312024 | 5202024 | 6-K 3/31/2024 |
| 12312023 | 2202024 | 6-K 12/31/2023 |
| 9302023 | 12132023 | 20-F 9/30/2023 |
| 6302023 | 8142023 | 6-K 6/30/2023 |
| 3312023 | 5222023 | 6-K 3/31/2023 |
| 12312022 | 2132023 | 6-K 12/31/2022 |
| 9302022 | 12132022 | 20-F 9/30/2022 |
| 6302022 | 8152022 | 6-K 6/30/2022 |
| 3312022 | 5242022 | 6-K 3/31/2022 |
| 12312021 | 2142022 | 6-K 12/31/2021 |
| 9302021 | 12092021 | 20-F 9/30/2021 |
External Quote Links
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| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |