Xerox Holdings Corp (XRXDW) Stock Analysis

Price updated today · SEC data refreshed 2 months ago ⓘ · Not investment advice

Xerox Holdings Corp

XRXDW Technology Computer Peripherals📄 SEC filings ↗
Speculative
Risk 43/100 Elevated
▾ What's in the 43/100 risk score? (higher = riskier)
Fundamental health (43%) 51/100 → +21.9
leverage 20/100 · FCF trend 90/100 · Altman Z not scored — input unavailable (see Financial Health)
Smart money (short interest + insider buying) (31%) 45/100 → +14.1
Macro backdrop (VIX, curve, credit, fear/greed + week-over-week momentum) (26%) 28/100 → +7.2
Total43/100

Contributions (weight × component score) sum to the total. This near-term score now includes fundamental health (leverage, FCF trend). It excludes the the Altman Z score, whose retained-earnings input this filer does not report separately, which relies on a proxied (estimated) input. See the Financial Health section for the full balance-sheet read.

💵 Price $0.31 · today 📄 Financials SEC EDGAR · refreshed 2 months ago
📍 START HERE

How to read XRXDW (speculative micro-cap)

No model can pin a precise fair value on a company this small — but that does not mean there is nothing to learn. The useful questions are what the price is betting on, and whether the company can survive long enough to deliver it.

Where to start — the sections that matter most for this stock
  1. 1 Reverse-DCF — what growth the price assumes ↓
    The single most useful number here: it backs out the growth the market is paying for. If that figure is "historically unprecedented," the price is running on hype, not fundamentals.
  2. 2 Cash runway ↓
    A pre-profit micro-cap lives or dies on whether it can fund itself to profitability before running out of money and diluting you.
  3. 3 The raw financial statements + the 10-K ↓
    At this scale, the actual numbers, insider ownership, and share-count trend tell you more than any ratio.
Or — what are you trying to decide?
One rule first: never trade out of fear — and that includes the fear of missing out. A stock up 10% a day for three days is excitement, not data. If you can't point to the evidence behind a trade, you're more likely to lose. So whichever of these you are, check the data below before you act.
🚀
"It's surging — should I chase it?"
The momentum / FOMO trade. Before you chase, see whether the people who know it best are quietly selling into the rally.
🏷️
"Is it a cheap bargain?"
The deep-value trade. How far below assets and our value it trades — and whether it's cheap for a reason.
ⓘ Using the right valuation lens for this business type

Standard DCF doesn't fit XRXDW well — but that's expected for this kind of business. The Rule of 40 (Pre-Profit Growth) Lens below uses the metrics actually used by analysts who value computer peripherals. Reverse DCF + Football Field also work as cross-checks.

ⓘ Why does XRXDW trade at $0.31?

Xerox Holdings Corp has 126.5 million shares outstanding. At $0.31 per share, the market values all outstanding XRXDW equity at $39 million. That's market capitalization, not enterprise value — enterprise value also accounts for debt and cash — and it matters here because XRXDW carries substantial debt. The share price by itself tells you almost nothing — a company can pick any share price by splitting or issuing more shares. What matters is the total value (Market Cap?Market Cap — The total dollar value the market is assigning to the entire company.
Why it matters: This is the number that actually matters when comparing companies. Two companies with the same business but different share counts have the same market cap.
Reference: Mega cap >$200B · Large $10–200B · Mid $2–10B · Small $300M–2B · Micro <$300M
Full explanation →) compared to what the business actually produces. This page values XRXDW in Per Share?Per Share — A company-level figure divided by total shares — what one share represents.
Why it matters: Per-share metrics are the only way to fairly compare two companies with different share counts.
Full explanation → economics — what each share represents of the underlying business. Play with the share-price calculator on the homepage →

Loading insider & short-seller data…
⚠️ BUSINESS-MODEL ADVISORY — SPECULATIVE NANO / MICRO-CAP

How to read a company this small

XRXDW is too small and/or too volatile for the valuation lenses we use on larger, more stable companies. The numbers shown below should be taken as rough orientation only.

✅ What actually drives value for this kind of company
  • Market cap $39.2M — nano-cap territory (below $50M)
❌ Metrics that DON'T apply (ignore these even if you see them below)

Growth percentages on tiny revenue bases (1000% going from $200K to $2M is not predictive). P/E and ROE swing wildly with small earnings changes. Peer comparisons fail because there often aren't comparable companies at this scale.

📚 Where to actually look

Start with the Reverse-DCF above — it backs out the growth the price is betting on; if that figure is "historically unprecedented," the price is running on hype, not fundamentals. Then the cash runway (can it fund itself to profitability before diluting you?). Then the raw Financials table and the 10-K on SEC EDGAR — at this scale, insider ownership and the share-count trend often matter more than any ratio.

Classified as Speculative Nano / Micro-cap (confidence 80%). Disagree? An admin can override via the post edit screen.

PEER BASKET — LIMITED COMPARABLES

⚠ Genuine comparables are scarce at this size, so peer multiples are unreliable here. Treat as rough context only — see 📍 What to focus on above.

How does XRXDW stack up against its closest peers?

Ideally we compare XRXDW only to same-industry peers, but too few exist in our universe right now, so the basket below mixes in broader-sector names. Treat the multiples as rough context, not a valuation. For a leveraged business, FCF yield (in the table) is usually more reliable than EV/Sales, because revenue multiples ignore differences in margins and debt.

▾ What's "EV / Sales" in plain English?

EV (Enterprise Value) = market cap + total debt − cash. It's "what you'd pay to buy the entire company outright" — you pay the market cap to shareholders and take over their debt, but you keep their cash. EV is fairer than market cap alone because it includes the debt the new owner inherits.

EV / Sales = EV ÷ annual revenue. So "2.5×" means investors pay $2.50 of enterprise value per $1 of yearly sales. Higher = market is paying more per dollar of sales (usually because they expect future growth or fat margins).

p25 / median / p75 are the 25th, 50th (middle), and 75th percentile of the peers' multiples. Half the peers fall between p25 and p75. The median (p50) is the typical peer — that's the benchmark we compare to.

What peers trade at (p25 / median / p75)
EV / Sales?EV / Sales — For every $1 of yearly revenue, this is how many dollars investors pay to own the whole business (including debt).
Why it matters: Works for pre-profit growth companies where P/E and FCF don't apply. The most apples-to-apples cross-company multiple because it ignores accounting choices.
Reference: 1–3x for mature companies · 4–10x for software/SaaS · 10–20x for hypergrowth · >20x is rare and demanding
Full explanation →		 0.6x / 0.9x / 1.5x
EV / Gross Profit?EV / Gross Profit — Enterprise value divided by gross profit — the multiple paid for what each dollar of sales contributes after direct costs.
Why it matters: More refined than EV/Sales for high-margin businesses (software, marketplaces) where gross margin is the real economic engine.
Reference: 8–15x for SaaS · 15–25x for hypergrowth software · >30x demanding
Full explanation →		 1.5x / 2.0x / 7.6x

Bold middle number = median peer. Half the peers trade above it, half below. Computed over 8 peers (broad — see caveat); implausible multiples excluded.

What XRXDW would be worth at the median peer's multiple
We're not showing a peer-implied price for XRXDW: with only 0 genuine same-industry comparables, a median built partly from broader-sector names would be misleading. Lean on the DCF above; use the multiples table only as loose context.

⚠️ Important caveat: peer multiples only work if the peers are genuinely comparable. Always check the peer list below — if the auto-picker grabbed micro-caps or unrelated businesses, the comparison is noise. A medical-device giant priced against tiny biotech startups won't produce a useful signal.

▾ View peer list (8)
Ticker Company Industry Mcap EV/Sales EV/GP EV/EBIT FCF Yield
VTIX Virtuix Holdings Inc. Computer Peripherals ·fallback $39M 11.2x 45.4x — 1.7%
TACT TRANSACT TECHNOLOGIES INC Computer Peripherals ·fallback $46M 0.9x 1.8x — 12.8%
YIBO Planet Image International Ltd Computer Peripherals ·fallback $58M 0.4x 1.5x — 53.4%
YYGH YY Group Holding Ltd. Help Supply Services ·fallback $40M 1.0x 7.6x — 39.1%
VWAV VisionWave Holdings, Inc. Software ·fallback $38M — — — —
ZDGE Zedge, Inc. Software ·fallback $43M 1.5x — — 4.4%
AIMD Ainos, Inc. Computer Peripherals ·fallback $20M 163.4x 197.1x — 0.0%
WIMI WiMi Hologram Cloud Inc. Software ·fallback $33M 0.6x 2.1x — 74.7%
FINANCIAL HEALTH SCREENS

Quality & solvency checks

Cheap stocks can be cheap for a reason. These screens warn when a low valuation comes paired with structural fragility.

Altman Z-Score?Altman Z-Score — A bankruptcy-risk score combining 5 financial ratios into one number. Predictive of bankruptcy within 2 years.
Why it matters: Cheap-looking stocks (low P/E or P/B) often have low Z-scores because the market knows the company is dying. Z-score warns you before you fall into a value trap.
Reference: > 3.0 = safe zone · 1.81–3.0 = grey zone · < 1.81 = distress zone
Full explanation →
n/a
Not reliably computable

We can't produce a trustworthy Altman Z here: retained earnings weren't separately reported in our data, so a core input would have to be fabricated. Rather than show a categorical "distress" verdict from an invented number, we mark it unavailable. Judge financial health from the leverage, cash position, and the measurable Piotroski checks instead.

Piotroski checks
3 passed · 5 failed · 1 n/a
Partial result, not a standard F-score: 3 of 8 measurable checks passed. 1 of the 9 standard checks couldn't be measured, so this is scored out of 8, not 9 — it isn't comparable to a published F-score.
▾ The checks — what passed, what didn't (and what we couldn't measure)
  • ✗ Positive net income
    Net income -$1,029.0M in the latest year.
    Why this matters: Does the company actually earn a profit? Sustained losses eventually force it to raise money — diluting you — or take on debt.
  • ✓ Positive operating cash flow
    Operating cash flow $224.0M (was $511.0M the prior year).
  • ✓ Cash flow backs up reported profit
    Operating cash flow $224.0M vs net income -$1,029.0M.
  • ✓ Return on assets improving
    Return on assets -10.5% vs -15.8% a year ago.
  • ✗ Debt load (vs assets)
    Long-term debt is 40.9% of assets vs 33.6% a year ago ($4,016.0M now).
    Why this matters: Rising debt relative to assets means more risk and more cash going to interest instead of shareholders. Falling debt is a sign of strengthening.
  • ✗ Short-term liquidity (current ratio)
    Current ratio 1.11x vs 1.12x a year ago.
    Why this matters: The current ratio compares assets it can turn to cash within a year against bills due within a year. Below 1.0 means it may struggle to cover near-term obligations.
  • ✗ Share count (dilution)
    Share count rose 1.8% (124.2M → 126.5M year-over-year).
    Why this matters: Issuing lots of new shares splits the pie into more pieces, shrinking your slice. Stable or falling share count protects existing owners.
  • · Pricing power (gross margin) (n/a — data not reported; not scored)
  • ✗ Sales per asset (asset turnover)
    Asset turnover 0.71x vs 0.74x a year ago.
    Why this matters: Asset turnover measures how much revenue each dollar of assets generates. Rising = more productive use of the asset base.

Missing data is never counted as a pass or a fail — it's shown as n/a and excluded from the denominator. Each check compares the company against its own prior year.

INTERACTIVE — TWEAK YOUR ASSUMPTIONS

What if you assume different inputs?

Here's where we land — and what happens if you change the assumptions. Drag the sliders to set your own Discount Rate?Discount Rate — The annual return you demand for taking single-stock risk instead of buying a safe Treasury or index fund.
Why it matters: Higher discount rate = stricter valuation (a stock has to produce more cash to be worth holding). Lower = more generous.
Reference: 8–12% is standard · 9–10% matches S&P 500 historical return · Below 7% is illogical for single-stock risk
Full explanation → (the annual return you demand for single-stock risk) and terminal growth; the value updates live so you can see whether the stock looks cheaper or richer. The discount rate starts at 10.0%, the figure our model used for XRXDW. Open Advanced to also change beta, growth and the rate path.

Note: no headline intrinsic value is published for this stock (the valuation is held for a data-quality reason — see the notes above). The calculator below is a what-if tool: the values it produces are your assumptions played out, not our estimate.

4.5% (risk-free)9-10% normal18% (deep-risk)
0%2-3% (GDP)5% (rarely sustainable)

A full intrinsic value isn't shown for XRXDW because the valuation is currently held for a data-quality reason (see the guardrail notes above). The reverse-DCF reading still works — it needs only the price and cash flow — but we won't publish a forward value until the underlying data passes our checks.

For comparison — the revenue growth today's price already assumes
—
—

—

⚙ Advanced — tinker with every input (beta, growth, rate path, margin → full intrinsic value)
Where the discount rate comes from — discount rate = risk-free + beta × equity-risk-premium
What you'd earn risk-free from government bonds — the floor under every other rate. Slide it down to model the market expecting rate cuts (value rises); up for higher-for-longer.
The extra yearly return investors demand for owning stocks instead of safe bonds — the price of risk. History runs ~4.5–6.5%; we default to 5.5% (slightly conservative). It's an estimate, not a law — lower it if you think equities are less risky than that.
Inflation quietly eats returns: a 9% gain at 3% inflation is only ~6% in real purchasing power. The intrinsic value above is already in today's dollars (a nominal DCF cancels inflation out of both growth and the discount rate), so this doesn't change the value — it shows what's left of your return after the tax.
Higher beta → higher discount rate (sets the rate above). 1.0 = moves with the market.
What you think XRXDW can grow revenue for ~5 years, then fades to terminal.
For a pre-profit company: the % of revenue that eventually becomes free cash flow once mature. (Our published value uses the sector norm.)
All inputs start at the values our model used.

    Copy shareable link to this scenario →

    Price$0.31
    Model IVNot applicable — DCF couldn't price this stock. See Reverse DCF and Football Field below.

    A standard discounted cash flow?DCF — Discounted Cash Flow — sums up all future cash a business will produce, adjusted for the fact that future dollars are worth less than dollars today.
    Why it matters: It is the most fundamentally honest valuation method when applicable — but only works for companies with predictable, positive cash flow.
    Reference: Best for: mature, profitable businesses. Fails for: pre-profit growth, banks, REITs.
    Full explanation →     valuation is not meaningful for Xerox Holdings Corp due to its roughly flat revenue and negative net income in the latest period. Investors are likely focused on the company's ability to maintain positive operating cash flow and manage its rising long-term debt. The #1 quantifiable risk is the continued flat revenue growth, which could hinder future profitability and debt servicing.

    ⚠️ Operating CF declining

    As of 2 months ago

    ANATOMY

    Anatomy of a share

    What you're buying per share. Bars are at the same scale so you can see the relative size of revenue, costs, cash flow, and debt — not just read them in a table.

    XRXDW Xerox Holdings Corp stock anatomy showing per-share revenue, operating expenses, free cash flow, and debt
    −14.7%
    loss
    Where each $1 of revenue goes
    For every $1 of revenue, XRXDW currently loses 14.7¢ — costs exceed sales. A money-losing business can still be a good investment if losses are shrinking toward profitability; check the trend, not just the snapshot.
    Net margin = net income ÷ revenue (most recent fiscal year).
    Plain English: $0/share buys $55.52 of revenue per share per year, generates $8.14 lost per share per year, and $1.12 of free cash flow per share. Each share carries $1.83 of debt.
    What's free cash flow / what do these mean?

    Revenue per share — how much the business earns from customers, divided by the number of shares outstanding. Top of the income statement.

    Earnings per share — profit left after operating costs, interest, and taxes, per share. Two versions appear on this page and are not interchangeable: GAAP diluted EPS uses the company's weighted-average diluted share count during the reporting period (this is the "earnings" in "price-to-earnings"); net income per current share divides annual net income by today's share count. They differ whenever the share count has changed.

    Owner-earnings free cash flow per share — the cash the business produces for shareholders. Savng's owner-earnings FCF subtracts capital expenditures and stock-based compensation from operating cash flow (SBC is a real dilution cost even though it's non-cash). This is deliberately more conservative than "standard" FCF, which subtracts only capital expenditures — so our figure is lower than the headline FCF you'll see elsewhere. FCF funds dividends, buybacks, debt repayment, and acquisitions; a company can report positive earnings yet negative FCF.

    Debt per share — total interest-bearing borrowings divided by shares. High debt-per-share next to thin FCF-per-share is a fragility signal.

    THE KEY DEBATE

    What you actually need to decide

    Every stock price is a disagreement. Here's the single thing that must go right for the bulls, the single thing that breaks the thesis, and the concrete signposts to watch so you can update your view as real results arrive.

    🐂 The Bull Case
    Operating cash flow must remain consistently positive and ideally grow to support debt obligations and shareholder returns, indicating underlying business stability despite revenue trends.
    🐻 The Bear Case
    The continued roughly flat revenue and negative net income, combined with rising long-term debt, implies a struggle to generate sustainable profits and could pressure future financial health.
    📌 Signposts to watch — update your view as these print
    • Any re-acceleration in revenue growth
    • Improvement in net income profitability
    • Stabilization or reduction of long-term debt
    MOMENTUM — WHAT'S GETTING BETTER & WORSE

    The trend, in plain numbers (2024 → 2025)

    Straight from the financial statements — no model, no opinion. For a small or unprofitable company, the direction of these numbers usually tells you more than any single valuation.

    ✅ Improving
    • Revenue grew +13% to $7.02B.
    • Still unprofitable at -$1.03B — loss narrowing.
    ⚠ Worsening
    • Free cash flow fell to $142.0M.
    WHO

    Management & Leadership

    Steven Bandrowczak serves as the Chief Executive Officer of Xerox Holdings Corp, having taken the helm in 2022. He previously served as President and Chief Operations Officer, bringing extensive experience in global operations and technology.

    Steven Bandrowczak
    Chief Executive Officer
    Xerox Board
    Board of Directors
    WHAT

    What They Make

    Xerox Holdings Corp provides print and digital document products and services, including printers, copiers, and related software solutions, primarily to businesses of all sizes.

    End Markets

    Small and Medium BusinessesLarge EnterprisesGovernment and Education

    Revenue Drivers

    Equipment sales
    Managed print services
    Consumables and supplies
    Market Cap: 39.2MBeta: 0.60
    WHY

    Why Is It Priced Like This?

    Why Customers Pay

    Reliable document management
    Cost-efficient printing solutions
    Workflow automation
    No discounted-cash-flow value for this filer We aren't publishing a discounted-cash-flow value here: the model's output failed our plausibility checks, so showing it would imply more precision than we have.

    What we use instead: earnings (P/E, EV/EBIT), book value (P/B) — computed from the figures this company does report, shown in the sections below. Those numbers are unaffected by the missing cash-flow data.

    The market is likely pricing Xerox based on its consistent positive operating cash flow despite flat revenue and negative net income. Investors are betting on the company's ability to sustain its cash generation and potentially return to profitability, while also considering the impact of share buybacks boosting per-share metrics.

    HOW

    Business Model & Valuation

    How They Make Money

    Sales of hardware (printers, copiers)
    Revenue from managed print services contracts
    Sales of consumables (toner, paper) and parts

    The company is retiring 4% of its shares per year, which boosts per-share growth, and funds itself through its positive operating cash flow despite rising long-term debt.

    Free Cash Flow DCF

    Standard FCF DCF: positive free cash flow in a sector suited for cash-flow-based valuation.

    Show advanced inputs
    RevenueGrowth-0.1%
    HistoricalFcfGrowth-28.6%
    SectorDefault12.0%
    BestEstimate3.6%
    Methodblend(70% revenue_cagr, 30% sector)+buyback(4%)
    GrowthBasistotal

    What this model does NOT do: this is a consolidated owner-earnings FCF model. Standalone segment assumptions: none. It does not project product, services and recurring/cloud lines independently; their combined effect is embedded in the historical revenue and cash-flow trend the model extrapolates. The calculator above can only approximate a segment's impact through the single consolidated growth rate — it cannot model any one line separately. For a true segment-level view, build a separate model from the company's segment disclosures.

    WHEN

    Maturity & Competitive Position

    Mature compounder

    Moat Signals

    Established brand recognition
    Extensive service network
    Large installed base

    Revenue has been roughly flat, declining -0.1%/yr over the last four years.

    WHERE

    Geography & Markets

    Xerox Holdings Corp operates globally, with a significant presence in North America and international markets, though specific geographic revenue percentages are not available from current data sources.

    Geographic Risks

    Declining demand for traditional print services in a digitalizing world
    Competition from other office equipment and software providers
    SIGNALS

    Market Signals

    These are timing signals, not value signals — they describe the stock's recent price behavior, not what the business is worth. Use them for the "the thesis looks good, but is now the moment?" question. Each tile below explains what it's saying.

    Model neutral, tape neutral - aligned.
    RSI?RSI — Relative Strength Index — a 0-100 momentum gauge. Above 70 = overbought; below 30 = oversold.
    Why it matters: Short-term contrarian indicator. Extreme readings often precede mean reversion, though not always.
    Reference: 30–70 normal · >70 overbought · <30 oversold
    Full explanation →     (14)    66.7NeutralMomentum is balanced — neither overbought nor oversold.
    MACD?MACD — Moving Average Convergence Divergence — compares a fast and a slow price trend to gauge momentum direction.
    Why it matters: When the fast line crosses above the slow line, short-term momentum is turning up; below, turning down. A timing cue, not a value signal.
    Reference: Line above signal = bullish momentum · below = bearish
    Full explanation →    BullishLine above signalThe fast trend is above the slow trend — short-term momentum is currently upward.
    50-Day Average$0.20Price above (+54.9%)Price above its 50-day average = near-term uptrend.

    Technicals describe price, not the business. A great company can have a "bearish" tape (a buying chance) and a weak one a "bullish" tape (a trap). Pair these with the valuation and health sections above.

    QUALITY

    Data Quality & Risk Flags (6 notes — click to expand/collapse)
    MEDIUM Operating CF declining
    Guardrail Notes (5)
    • Stock-based compensation equals 24% of pre-SBC free cash flow; FCF used here is net of SBC (a real shareholder-dilution cost), so it is lower than the headline GAAP cash-flow figure.
    • Per-share growth boosted by buybacks: the company is retiring 4% of its shares per year, which adds directly to per-share growth on top of business growth. Final per-share growth used by the model: 7.6%/yr.
    • Illiquidity discount 15% applied (small/micro-cap — harder to exit, demand a margin).
    • Extreme valuation (P/IV 0.0164x, IV $26.30 vs price $0.43); output dominated by data/units issue (often a multi-class share-count mismatch). Suppressed.
    • DATA UNAVAILABLE: per-share values suppressed due to missing/unreliable shares data.
    FINANCIALS

    Financial Statements (5-year tables — click to expand)

    From Xerox Holdings Corp's SEC filings (EDGAR).

    Income (5yr)

    YearRevenueNet IncomeEPS
    20257.0B-1.0B$-8.25
    20246.2B-1.3B$-10.75
    20236.9B1.0M$-0.09
    20227.1B-322.0M$-2.15
    20217.0B-455.0M$-2.56

    Cash Flow (5yr)

    YearOperating CFCapEx− SBC & adj.Free Cash Flow
    2025 224.0M 37.0M 45.0M 142.0M
    2024 511.0M 27.0M 52.0M 432.0M
    2023 686.0M 29.0M 54.0M 603.0M
    2022 159.0M 36.0M 75.0M 48.0M
    2021 629.0M 29.0M 54.0M 546.0M

    How we define FCF: operating cash flow − capital expenditure − stock-based compensation (owner-earnings basis — SBC is a real cost to shareholders even though it's non-cash). Latest year: 224.0M − 37.0M − 45.0M (SBC & adj.) = 142.0M. This is the same owner-earnings FCF definition the valuation model uses.

    Balance Sheet

    Total Assets9.8B
    Total Liabilities9.2B
    Equity444.0M
    Total Debt231.0M
    PG
    Methodology by Pouyan Golshani, MD — founder of Gighz. Savng was built by a physician for busy professionals: every number on this page comes from SEC filings (EDGAR) and FINRA data through transparent, rules-based models — no analyst opinions, no hidden inputs. How we calculate every number →
    ⚠️ Not investment advice. Automated model outputs, last refreshed May 30, 2026 (the analysis-refresh date, not the latest filing period). All models have blind spots. Full disclaimer →
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