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If You Invested $1000 in Epam a Decade Ago, This is How Much It'd Be Worth Now
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How much a stock's price changes over time is a significant driver for most investors. Not only can price performance impact your portfolio, but it can help you compare investment results across sectors and industries as well.
FOMO, or the fear of missing out, also plays a role in investing, particularly with tech giants and popular consumer-facing stocks.
What if you'd invested in Epam (EPAM - Free Report) ten years ago? It may not have been easy to hold on to EPAM for all that time, but if you did, how much would your investment be worth today?
Epam's Business In-Depth
With that in mind, let's take a look at Epam's main business drivers.
Headquartered in Newtown, PA, EPAM Systems, Inc. is well known for its software engineering and IT consulting services.
The company is engaged in providing software product development services, custom application development services, application testing services, application maintenance and support services, infrastructure management services and enterprise information management services.
Its software product development services include product research, design and prototyping, product development, component design and integration. EPAM’s custom application development services comprise business and technical requirements analysis, solution architecture creation and validation, development, component design and integration.
The company offers application testing services like software application testing, testing for enterprise IT, and consulting services. Further, it provides services like incident management, fault investigation diagnosis, work-around provision, application bug fixes, release management, application enhancements, and third-party maintenance under the application maintenance and support services.
EPAM’s infrastructure management services include applications, database, network, server, storage, and systems operations management, as well as incident notification and resolutions. Through its enterprise information management services, the company helps organizations in improving business processes, thereby achieving greater operational excellence.
EPAM generated total revenues of $4.69 billion in 2023. The company has six operating verticals — Financial Services (21.7% of FY23 revenues), Travel and Consumer (22.9%), Software & Hi-Tech (15.1%), Business Information & Media (16.1%), Life Sciences & Healthcare (10.4%) and Emerging Verticals (13.8%).
The company has a huge client base, which includes the majority of Forbes Global 2000 corporations operating across North America, Europe, Commonwealth of Independent States and APAC (Asia including India and Australia). In 2023, the company generated 58.4% of its revenues from the Americas, 38.9% from the EMEA, 0.5% from Central and East Europe and 2.2% from APAC.
Bottom Line
While anyone can invest, building a lucrative investment portfolio takes research, patience, and a little bit of risk. If you had invested in Epam ten years ago, you're probably feeling pretty good about your investment today.
According to our calculations, a $1000 investment made in September 2014 would be worth $5,382.59, or a 438.26% gain, as of September 6, 2024. Investors should keep in mind that this return excludes dividends but includes price appreciation.
The S&P 500 rose 174.11% and the price of gold increased 90.36% over the same time frame in comparison.
Looking ahead, analysts are expecting more upside for EPAM.
EPAM is gaining from the ongoing digital transformation by enterprises and a continued focus on customer engagement and product development. The company’s sustained focus on strategic acquisitions and partnerships is helping it enhance its product portfolio as well as drive top-line growth. Its substantial investment in generative artificial intelligence (Gen AI) capabilities is expected to drive growth as AI becomes increasingly integral to enterprise operations. Our estimates suggest revenues to witness a CAGR of 5.4% between 2024 and 2026. A sustained focus on realigning the cost structure with the current demand environment is likely to drive margins. However, EPAM’s near-term prospects look gloomy due to the tepid demand environment as organizations are turning more cautious on IT spending amid macroeconomic headwinds.
Over the past four weeks, shares have rallied 6.72%, and there have been 9 higher earnings estimate revisions in the past two months for fiscal 2024 compared to none lower. The consensus estimate has moved up as well.
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If You Invested $1000 in Epam a Decade Ago, This is How Much It'd Be Worth Now
How much a stock's price changes over time is a significant driver for most investors. Not only can price performance impact your portfolio, but it can help you compare investment results across sectors and industries as well.
FOMO, or the fear of missing out, also plays a role in investing, particularly with tech giants and popular consumer-facing stocks.
What if you'd invested in Epam (EPAM - Free Report) ten years ago? It may not have been easy to hold on to EPAM for all that time, but if you did, how much would your investment be worth today?
Epam's Business In-Depth
With that in mind, let's take a look at Epam's main business drivers.
Headquartered in Newtown, PA, EPAM Systems, Inc. is well known for its software engineering and IT consulting services.
The company is engaged in providing software product development services, custom application development services, application testing services, application maintenance and support services, infrastructure management services and enterprise information management services.
Its software product development services include product research, design and prototyping, product development, component design and integration. EPAM’s custom application development services comprise business and technical requirements analysis, solution architecture creation and validation, development, component design and integration.
The company offers application testing services like software application testing, testing for enterprise IT, and consulting services. Further, it provides services like incident management, fault investigation diagnosis, work-around provision, application bug fixes, release management, application enhancements, and third-party maintenance under the application maintenance and support services.
EPAM’s infrastructure management services include applications, database, network, server, storage, and systems operations management, as well as incident notification and resolutions. Through its enterprise information management services, the company helps organizations in improving business processes, thereby achieving greater operational excellence.
EPAM generated total revenues of $4.69 billion in 2023. The company has six operating verticals — Financial Services (21.7% of FY23 revenues), Travel and Consumer (22.9%), Software & Hi-Tech (15.1%), Business Information & Media (16.1%), Life Sciences & Healthcare (10.4%) and Emerging Verticals (13.8%).
The company has a huge client base, which includes the majority of Forbes Global 2000 corporations operating across North America, Europe, Commonwealth of Independent States and APAC (Asia including India and Australia). In 2023, the company generated 58.4% of its revenues from the Americas, 38.9% from the EMEA, 0.5% from Central and East Europe and 2.2% from APAC.
Bottom Line
While anyone can invest, building a lucrative investment portfolio takes research, patience, and a little bit of risk. If you had invested in Epam ten years ago, you're probably feeling pretty good about your investment today.
According to our calculations, a $1000 investment made in September 2014 would be worth $5,382.59, or a 438.26% gain, as of September 6, 2024. Investors should keep in mind that this return excludes dividends but includes price appreciation.
The S&P 500 rose 174.11% and the price of gold increased 90.36% over the same time frame in comparison.
Looking ahead, analysts are expecting more upside for EPAM.
EPAM is gaining from the ongoing digital transformation by enterprises and a continued focus on customer engagement and product development. The company’s sustained focus on strategic acquisitions and partnerships is helping it enhance its product portfolio as well as drive top-line growth. Its substantial investment in generative artificial intelligence (Gen AI) capabilities is expected to drive growth as AI becomes increasingly integral to enterprise operations. Our estimates suggest revenues to witness a CAGR of 5.4% between 2024 and 2026. A sustained focus on realigning the cost structure with the current demand environment is likely to drive margins. However, EPAM’s near-term prospects look gloomy due to the tepid demand environment as organizations are turning more cautious on IT spending amid macroeconomic headwinds.
Over the past four weeks, shares have rallied 6.72%, and there have been 9 higher earnings estimate revisions in the past two months for fiscal 2024 compared to none lower. The consensus estimate has moved up as well.