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TTEC Holdings

Nasdaq:TTEC
Snowflake Description

Adequate balance sheet and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
TTEC
Nasdaq
$2B
Market Cap
  1. Home
  2. US
  3. Software
Company description

TTEC Holdings, Inc., a customer experience technology and services company, focuses on the design, implementation, and delivery of transformative customer experience for various brands. The last earnings update was 30 days ago. More info.


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  • TTEC Holdings has significant price volatility in the past 3 months.
TTEC Share Price and Events
7 Day Returns
-1.3%
NasdaqGS:TTEC
-6.6%
US IT
-4.1%
US Market
1 Year Returns
-6.1%
NasdaqGS:TTEC
-8.2%
US IT
-14.9%
US Market
TTEC Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
TTEC Holdings (TTEC) -1.3% -17% -14.9% -6.1% 16.6% 33.9%
US IT -6.6% -20.2% -20.9% -8.2% 46.6% 62.7%
US Market -4.1% -19.1% -23.4% -14.9% 3.5% 14.5%
1 Year Return vs Industry and Market
  • TTEC outperformed the IT industry which returned -8.2% over the past year.
  • TTEC outperformed the Market in United States of America which returned -14.9% over the past year.
Price Volatility
TTEC
Industry
5yr Volatility vs Market

TTEC Value

 Is TTEC Holdings undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of TTEC Holdings to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for TTEC Holdings.

NasdaqGS:TTEC Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 6 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7.6%
Perpetual Growth Rate 10-Year US Government Bond Rate 1.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NasdaqGS:TTEC
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 1.7%
Equity Risk Premium S&P Global 5.4%
IT Unlevered Beta Simply Wall St/ S&P Global 0.9
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.897 (1 + (1- 21%) (30.36%))
1.075
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.07
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.74% + (1.075 * 5.44%)
7.59%

Discounted Cash Flow Calculation for NasdaqGS:TTEC using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for TTEC Holdings is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

NasdaqGS:TTEC DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 7.59%)
2020 144.46 Analyst x2 134.27
2021 153.03 Analyst x2 132.21
2022 158.75 Est @ 3.74% 127.47
2023 163.73 Est @ 3.14% 122.20
2024 168.18 Est @ 2.72% 116.67
2025 172.26 Est @ 2.42% 111.07
2026 176.08 Est @ 2.22% 105.53
2027 179.73 Est @ 2.08% 100.12
2028 183.28 Est @ 1.97% 94.90
2029 186.77 Est @ 1.9% 89.89
Present value of next 10 years cash flows $1,134.00
NasdaqGS:TTEC DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $186.77 × (1 + 1.74%) ÷ (7.59% – 1.74%)
$3,249.69
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $3,249.69 ÷ (1 + 7.59%)10
$1,563.97
NasdaqGS:TTEC Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $1,134.00 + $1,563.97
$2,697.97
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $2,697.97 / 46.49
$58.03
NasdaqGS:TTEC Discount to Share Price
Calculation Result
Value per share (USD) From above. $58.03
Current discount Discount to share price of $33.94
= -1 x ($33.94 - $58.03) / $58.03
41.5%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price TTEC Holdings is available for.
Intrinsic value
42%
Share price is $33.94 vs Future cash flow value of $58.03
Current Discount Checks
For TTEC Holdings to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • TTEC Holdings's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • TTEC Holdings's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for TTEC Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are TTEC Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGS:TTEC PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in USD $1.66
NasdaqGS:TTEC Share Price ** NasdaqGS (2020-04-02) in USD $33.94
United States of America IT Industry PE Ratio Median Figure of 72 Publicly-Listed IT Companies 24.31x
United States of America Market PE Ratio Median Figure of 2,944 Publicly-Listed Companies 12.5x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of TTEC Holdings.

NasdaqGS:TTEC PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:TTEC Share Price ÷ EPS (both in USD)

= 33.94 ÷ 1.66

20.4x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • TTEC Holdings is good value based on earnings compared to the US IT industry average.
  • TTEC Holdings is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does TTEC Holdings's expected growth come at a high price?
Raw Data
NasdaqGS:TTEC PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 20.4x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts
13.2%per year
United States of America IT Industry PEG Ratio Median Figure of 61 Publicly-Listed IT Companies 1.7x
United States of America Market PEG Ratio Median Figure of 2,008 Publicly-Listed Companies 0.91x

*Line of best fit is calculated by linear regression .

NasdaqGS:TTEC PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 20.4x ÷ 13.2%

1.55x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • TTEC Holdings is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on TTEC Holdings's assets?
Raw Data
NasdaqGS:TTEC PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in USD $9.00
NasdaqGS:TTEC Share Price * NasdaqGS (2020-04-02) in USD $33.94
United States of America IT Industry PB Ratio Median Figure of 117 Publicly-Listed IT Companies 2.66x
United States of America Market PB Ratio Median Figure of 5,142 Publicly-Listed Companies 1.22x
NasdaqGS:TTEC PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:TTEC Share Price ÷ Book Value per Share (both in USD)

= 33.94 ÷ 9.00

3.77x

* Primary Listing of TTEC Holdings.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • TTEC Holdings is overvalued based on assets compared to the US IT industry average.
X
Value checks
We assess TTEC Holdings's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the IT industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the IT industry average (and greater than 0)? (1 check)
  5. TTEC Holdings has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

TTEC Future Performance

 How is TTEC Holdings expected to perform in the next 1 to 3 years based on estimates from 6 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
13.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is TTEC Holdings expected to grow at an attractive rate?
  • TTEC Holdings's earnings growth is expected to exceed the low risk savings rate of 1.7%.
Growth vs Market Checks
  • TTEC Holdings's earnings growth is expected to exceed the United States of America market average.
  • TTEC Holdings's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NasdaqGS:TTEC Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqGS:TTEC Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts 13.2%
NasdaqGS:TTEC Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 6 Analysts 4.8%
United States of America IT Industry Earnings Growth Rate Market Cap Weighted Average 17.1%
United States of America IT Industry Revenue Growth Rate Market Cap Weighted Average 9.9%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 12.2%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqGS:TTEC Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGS:TTEC Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 1,879 112 2
2021-12-31 1,832 208 104 6
2020-12-31 1,741 204 89 6
2020-04-03
NasdaqGS:TTEC Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-12-31 1,644 238 77
2019-09-30 1,602 187 69
2019-06-30 1,571 185 57
2019-03-31 1,528 181 50
2018-12-31 1,509 168 36
2018-09-30 1,517 130 -26
2018-06-30 1,511 92 -17
2018-03-31 1,514 106 -7
2017-12-31 1,477 113 7
2017-09-30 1,396 151 48
2017-06-30 1,349 182 45
2017-03-31 1,301 174 42

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • TTEC Holdings's earnings are expected to grow by 13.2% yearly, however this is not considered high growth (20% yearly).
  • TTEC Holdings's revenue is expected to grow by 4.8% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqGS:TTEC Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below

All data from TTEC Holdings Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:TTEC Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31 2.44 2.49 2.38 2.00
2021-12-31 2.19 2.32 1.94 6.00
2020-12-31 1.89 2.07 1.79 6.00
2020-04-03
NasdaqGS:TTEC Past Financials Data
Date (Data in USD Millions) EPS *
2019-12-31 1.66
2019-09-30 1.50
2019-06-30 1.22
2019-03-31 1.09
2018-12-31 0.78
2018-09-30 -0.56
2018-06-30 -0.36
2018-03-31 -0.16
2017-12-31 0.16
2017-09-30 1.05
2017-06-30 0.97
2017-03-31 0.89

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • TTEC Holdings is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess TTEC Holdings's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
TTEC Holdings has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

TTEC Past Performance

  How has TTEC Holdings performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare TTEC Holdings's growth in the last year to its industry (IT).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • TTEC Holdings's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • TTEC Holdings's 1-year earnings growth exceeds its 5-year average (115.4% vs -13.2%)
  • TTEC Holdings's earnings growth has exceeded the US IT industry average in the past year (115.4% vs 13.4%).
Earnings and Revenue History
TTEC Holdings's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from TTEC Holdings Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:TTEC Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 1,643.70 77.16 253.13
2019-09-30 1,601.51 69.23 234.86
2019-06-30 1,570.94 56.51 217.86
2019-03-31 1,528.28 50.23 197.11
2018-12-31 1,509.17 35.82 182.43
2018-09-30 1,516.66 -25.97 184.55
2018-06-30 1,510.76 -16.57 186.40
2018-03-31 1,514.34 -7.40 186.14
2017-12-31 1,477.37 7.26 182.31
2017-09-30 1,395.69 48.09 177.27
2017-06-30 1,349.45 44.78 172.73
2017-03-31 1,301.13 41.70 173.52
2016-12-31 1,275.26 33.68 175.80
2016-09-30 1,272.13 51.30 179.48
2016-06-30 1,268.53 51.04 187.27
2016-03-31 1,273.64 54.12 189.87
2015-12-31 1,286.76 61.67 194.61
2015-09-30 1,283.11 66.63 196.57
2015-06-30 1,279.81 68.68 198.00
2015-03-31 1,265.08 70.85 198.42
2014-12-31 1,241.78 72.29 198.55
2014-09-30 1,221.70 69.80 199.36
2014-06-30 1,212.79 74.19 199.68
2014-03-31 1,207.00 69.65 198.04
2013-12-31 1,193.16 67.39 193.42
2013-09-30 1,170.33 68.30 187.23
2013-06-30 1,159.60 79.09 180.91

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • TTEC Holdings has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • TTEC Holdings used its assets more efficiently than the US IT industry average last year based on Return on Assets.
  • TTEC Holdings's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess TTEC Holdings's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the IT industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
TTEC Holdings has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

TTEC Health

 How is TTEC Holdings's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up TTEC Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • TTEC Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • TTEC Holdings's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of TTEC Holdings's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1.9x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from TTEC Holdings Company Filings, last reported 3 months ago.

NasdaqGS:TTEC Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 480.65 290.00 82.41
2019-09-30 387.14 199.00 85.48
2019-06-30 390.65 228.00 75.52
2019-03-31 365.27 242.00 89.05
2018-12-31 352.85 282.00 78.24
2018-09-30 328.86 272.50 93.88
2018-06-30 331.66 289.00 71.26
2018-03-31 345.22 302.50 81.59
2017-12-31 362.85 344.00 74.44
2017-09-30 399.79 255.00 78.84
2017-06-30 395.26 257.00 77.91
2017-03-31 375.27 182.06 66.48
2016-12-31 361.90 217.45 55.26
2016-09-30 395.06 129.25 61.31
2016-06-30 424.20 135.35 55.33
2016-03-31 455.62 133.48 75.42
2015-12-31 444.95 100.65 60.30
2015-09-30 425.79 115.92 86.17
2015-06-30 458.98 116.11 93.84
2015-03-31 458.15 127.31 65.71
2014-12-31 466.06 101.44 77.32
2014-09-30 470.48 116.58 87.61
2014-06-30 491.78 101.89 97.78
2014-03-31 471.78 101.99 120.38
2013-12-31 475.99 102.15 158.02
2013-09-30 471.37 120.29 144.90
2013-06-30 473.70 112.30 150.62
  • TTEC Holdings's level of debt (60.3%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (21.8% vs 60.3% today).
  • Debt is well covered by operating cash flow (82.1%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 7.6x coverage).
X
Financial health checks
We assess TTEC Holdings's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. TTEC Holdings has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

TTEC Dividends

 What is TTEC Holdings's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
2%
Current annual income from TTEC Holdings dividends. Estimated to be 2% next year.
If you bought $2,000 of TTEC Holdings shares you are expected to receive $40 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • TTEC Holdings's pays a lower dividend yield than the bottom 25% of dividend payers in United States of America (2.04%).
  • TTEC Holdings's dividend is below the markets top 25% of dividend payers in United States of America (5.7%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqGS:TTEC Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
United States of America IT Industry Average Dividend Yield Market Cap Weighted Average of 35 Stocks 1.6%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1941 Stocks 3.1%
United States of America Minimum Threshold Dividend Yield 10th Percentile 1.1%
United States of America Bottom 25% Dividend Yield 25th Percentile 2%
United States of America Top 25% Dividend Yield 75th Percentile 5.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqGS:TTEC Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2022-12-31
2021-12-31 0.68 1.00
2020-12-31 0.68 1.00
2020-04-03
NasdaqGS:TTEC Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2020-03-04 0.680 2.017
2019-11-05 0.640 1.553
2019-02-22 0.600 1.445
2018-09-28 0.560 1.968
2018-08-07 0.540 2.095
2018-05-10 0.540 1.550
2018-05-08 0.540 1.650
2018-03-13 0.540 1.692
2018-03-12 0.500 1.376
2017-09-25 0.500 1.253
2017-08-07 0.440 1.106
2017-02-27 0.440 1.249
2016-09-26 0.400 1.370
2016-08-03 0.370 1.284
2016-02-22 0.370 1.341
2015-09-17 0.360 1.306
2015-08-06 0.360 1.310
2015-08-05 0.360 1.315
2015-02-25 0.360 1.389

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whilst dividend payments have been stable, TTEC Holdings has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but TTEC Holdings only paid a dividend in the past 5 years.
Current Payout to shareholders
What portion of TTEC Holdings's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.7x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (3.7x coverage).
X
Income/ dividend checks
We assess TTEC Holdings's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can TTEC Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. TTEC Holdings has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

TTEC Management

 What is the CEO of TTEC Holdings's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Ken Tuchman
COMPENSATION $70,331
AGE 59
TENURE AS CEO 19.1 years
CEO Bio

Mr. Kenneth D. Tuchman, also known as Ken, founded TeleTech Holdings, Inc.’s (“TeleTech”) predecessor company in 1982 and has served as the Chairman of the Board since 1994. Mr. Tuchman served as TeleTech President and Chief Executive Officer from 1994 until 1999 and resumed the position in 2001. Mr. Tuchman is a Director of the Tuchman Family Foundation and Wapiti Oil & Gas II, LLC. Mr. Tuchman has more than 35 years of experience in the business process outsourcing industry, driving innovation growth and profitability in all economic cycles. As the founder and a controlling stockholder of TeleTech, Mr. Tuchman is an essential member of TeleTech’s Board of Directors.

CEO Compensation
  • Ken's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Ken's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the TTEC Holdings management team in years:

5.8
Average Tenure
59
Average Age
  • The average tenure for the TTEC Holdings management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Ken Tuchman

TITLE
Founder
COMPENSATION
$70K
AGE
59
TENURE
19.1 yrs

Regina Paolillo

TITLE
Executive VP and Chief Financial & Administrative Officer
COMPENSATION
$2M
AGE
60
TENURE
8.4 yrs

Judi Hand

TITLE
Executive VP & Chief Revenue Officer
COMPENSATION
$1M
AGE
58
TENURE
2.3 yrs

Martin DeGhetto

TITLE
Executive Vice President of Engage
COMPENSATION
$1M
AGE
60
TENURE
8.3 yrs

Steve Pollema

TITLE
Chief Operating Officer of Digital
COMPENSATION
$908K
AGE
59
TENURE
4.8 yrs

Chandra Venkataramani

TITLE
Chief Information Officer
TENURE
1.3 yrs

Paul Miller

TITLE
Head of Investor Relations
TENURE
7 yrs

Margaret McLean

TITLE
Senior VP
COMPENSATION
$1M
AGE
56
TENURE
6.8 yrs

Nick Cerise

TITLE
Senior VP & Chief Marketing Officer
TENURE
0.7 yrs

Michael Wellman

TITLE
Chief People Officer of Human Resources & Senior VP
TENURE
3.8 yrs
Board of Directors Tenure

Average tenure and age of the TTEC Holdings board of directors in years:

6.8
Average Tenure
59
Average Age
  • The tenure for the TTEC Holdings board of directors is about average.
Board of Directors

Greg Conley

TITLE
Independent Director
COMPENSATION
$212K
AGE
64
TENURE
8 yrs

Ken Tuchman

TITLE
Founder
COMPENSATION
$70K
AGE
59
TENURE
26.3 yrs

Bob Frerichs

TITLE
Independent Director
COMPENSATION
$213K
AGE
67
TENURE
7.7 yrs

Tracy Bahl

TITLE
Independent Director
COMPENSATION
$200K
AGE
57
TENURE
6.8 yrs

Marc Holtzman

TITLE
Independent Director
COMPENSATION
$175K
AGE
59
TENURE
5.8 yrs

Steve Anenen

TITLE
Independent Director
COMPENSATION
$180K
AGE
66
TENURE
3.9 yrs

Ekta Singh-Bushell

TITLE
Independent Director
COMPENSATION
$192K
AGE
47
TENURE
2.9 yrs
Who owns this company?
Recent Insider Trading
  • TTEC Holdings individual insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
09. Jan 20 Sell Kenneth Tuchman Individual 07. Jan 20 07. Jan 20 -450,000 $36.50 $-16,425,000
12. Dec 19 Sell Kenneth Tuchman Individual 10. Dec 19 10. Dec 19 -3,000,000 $36.50 $-109,500,000
09. Sep 19 Sell Margaret McLean Individual 06. Sep 19 06. Sep 19 -5,000 $47.44 $-237,185
20. Aug 19 Sell Martin DeGhetto Individual 16. Aug 19 19. Aug 19 -50,949 $48.02 $-2,421,001
15. Aug 19 Sell Martin DeGhetto Individual 13. Aug 19 13. Aug 19 -5,926 $47.00 $-278,522
21. May 19 Sell Martin DeGhetto Individual 17. May 19 21. May 19 -35,000 $39.00 $-1,365,053
16. May 19 Sell Gregory Conley Individual 15. May 19 15. May 19 -750 $36.84 $-27,632
X
Management checks
We assess TTEC Holdings's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. TTEC Holdings has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

TTEC News

Simply Wall St News

Why You Should Like TTEC Holdings, Inc.’s (NASDAQ:TTEC) ROCE

The formula for calculating the return on capital employed is: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for TTEC Holdings:0.14 = US$118m ÷ (US$1.2b - US$323m) (Based on the trailing twelve months to June 2019.) So, TTEC Holdings has an ROCE of 14%. … How TTEC Holdings's Current Liabilities Impact Its ROCE Liabilities, such as supplier bills and bank overdrafts, are referred to as current liabilities if they need to be paid within 12 months. … Due to the way ROCE is calculated, a high level of current liabilities makes a company look as though it has less capital employed, and thus can (sometimes unfairly) boost the ROCE.

Simply Wall St -

Is TTEC Holdings (NASDAQ:TTEC) A Risky Investment?

NasdaqGS:TTEC Historical Debt, August 12th 2019 How Strong Is TTEC Holdings's Balance Sheet? … During the last three years, TTEC Holdings generated free cash flow amounting to a very robust 93% of its EBIT, more than we'd expect. … Our View TTEC Holdings's conversion of EBIT to free cash flow suggests it can handle its debt as easily as Cristiano Ronaldo could score a goal against an under 14's goalkeeper.

Simply Wall St -

Is TTEC Holdings, Inc. (NASDAQ:TTEC) A Smart Choice For Dividend Investors?

Investors might not know much about TTEC Holdings's dividend prospects, even though it has been paying dividends for the last four years and offers a 1.3% yield. … It's positive to see that TTEC Holdings's dividend is covered by both profits and cash flow, since this is generally a sign that the dividend is sustainable, and a lower payout ratio usually suggests a greater margin of safety before the dividend gets cut. … Conclusion To summarise, shareholders should always check that TTEC Holdings's dividends are affordable, that its dividend payments are relatively stable, and that it has decent prospects for growing its earnings and dividend.

Simply Wall St -

Did You Miss TTEC Holdings's (NASDAQ:TTEC) 65% Share Price Gain?

(NASDAQ:TTEC) shareholders have seen the share price rise 65% over three years, well in excess of the market return (37%, not including dividends). … During three years of share price growth, TTEC Holdings moved from a loss to profitability. … A Different Perspective It's good to see that TTEC Holdings has rewarded shareholders with a total shareholder return of 24% in the last twelve months.

Simply Wall St -

How Financially Strong Is TTEC Holdings, Inc. (NASDAQ:TTEC)?

TTEC’s Debt (And Cash Flows) TTEC has built up its total debt levels in the last twelve months, from US$303m to US$412m , which accounts for long term debt. … Moreover, TTEC has generated US$181m in operating cash flow during the same period of time, leading to an operating cash to total debt ratio of 44%, signalling that TTEC’s debt is appropriately covered by operating cash. … We can check to see whether TTEC is able to meet its debt obligations by looking at the net interest coverage ratio.

Simply Wall St -

Should You Be Tempted To Sell TTEC Holdings, Inc. (NASDAQ:TTEC) Because Of Its P/E Ratio?

We'll apply a basic P/E ratio analysis to TTEC Holdings, Inc.'s (NASDAQ:TTEC), to help you decide if the stock is worth further research. … How Do I Calculate A Price To Earnings Ratio … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)

Simply Wall St -

Is TTEC Holdings, Inc. (NASDAQ:TTEC) A Smart Pick For Income Investors?

Dividend paying stocks like TTEC Holdings, Inc. … Yet sometimes, investors buy a stock for its dividend and lose money because the share price falls by more than they earned in dividend payments. … Investors might not know much about TTEC Holdings's dividend prospects, even though it has been paying dividends for the last four years and offers a 1.7% yield.

Simply Wall St -

With A Return On Equity Of 11%, Has TTEC Holdings, Inc.'s (NASDAQ:TTEC) Management Done Well?

Our data shows TTEC Holdings has a return on equity of 11% for the last year. … That means that for every $1 worth of shareholders' equity, it generated $0.11 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Income Investors Should Know The TTEC Holdings, Inc. (NASDAQ:TTEC) Ex-Dividend Date

To qualify for the dividend check of US$0.30 per share, investors must have owned the shares prior to 27 March 2019, which is the last day the company's management will finalize their list of shareholders to which they will send dividend payments. … Below, I will explain how holding TTEC Holdings can impact your portfolio income stream, by analysing the stock's most recent financial data and dividend attributes. … When assessing a stock as a potential addition to my dividend Portfolio, I look at these five areas:?

Simply Wall St -

If You Had Bought TTEC Holdings (NASDAQ:TTEC) Stock Five Years Ago, You Could Pocket A 43% Gain Today

In comparison, the share price is down 7.3% in a year. … TTEC Holdings's earnings per share are down 9.9% per year, despite strong share price performance over five years. … In contrast revenue growth of 5.0% per year is probably viewed as evidence that TTEC Holdings is growing, a real positive.

Simply Wall St -

TTEC Company Info

Description

TTEC Holdings, Inc., a customer experience technology and services company, focuses on the design, implementation, and delivery of transformative customer experience for various brands. The company delivers outcome-based customer engagement solutions through TTEC Digital, its digital consultancy that designs and builds human centric, tech-enabled, and insight-driven customer experience solutions for its clients; and TTEC Engage that provides essential technologies, human resources, infrastructure, and processes to operate customer care, acquisition, and fraud detection and prevention services. It serves clients in the automotive, communication, financial services, government, healthcare, logistics, media and entertainment, retail, technology, transportation, and travel industries with operations in the United States, Australia, Belgium, Brazil, Bulgaria, Canada, Costa Rica, Germany, Greece, Hong Kong, India, Ireland, Mexico, New Zealand, the Philippines, Poland, Singapore, South Africa, Thailand, the United Arab Emirates, and the United Kingdom. The company was formerly known as TeleTech Holdings, Inc. and changed its name to TTEC Holdings, Inc. in January 2018. TTEC Holdings, Inc. was founded in 1982 and is headquartered in Englewood, Colorado.

Details
Name: TTEC Holdings, Inc.
TTEC
Exchange: NasdaqGS
Founded: 1982
$1,577,920,831
46,491,480
Website: http://www.ttec.com
Address: TTEC Holdings, Inc.
9197 South Peoria Street,
Englewood,
Colorado, 80112,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS TTEC Common Stock Nasdaq Global Select US USD 01. Aug 1996
DB TH1 Common Stock Deutsche Boerse AG DE EUR 01. Aug 1996
Number of employees
Current staff
Staff numbers
49,500
TTEC Holdings employees.
Industry
Data Processing and Outsourced Services
Software
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/03 04:56
End of day share price update: 2020/04/02 00:00
Last estimates confirmation: 2020/03/31
Last earnings filing: 2020/03/04
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.