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Open Text Corporation (OTEX.TO)

CAD31.80 -1.55 (-4.65%)
CA TSX Technology Software - Application
Address 275 Frank Tompa Drive N2L 0A1
Waterloo, ON, CA
CEO Steve Rai
IPO 1998-06-29
ISIN CA6837151068

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Also trades on NASDAQ Global Select · OTEX (USD) Toronto Stock Exchange · OTEX.TO (CAD)
Description

Open Text Corporation specializes in the creation, development, promotion, and distribution of sophisticated information management software and solutions. Their extensive portfolio includes vital content services; a robust business network facilitating secure data exchange both internally and externally; comprehensive security and protection offerings safeguarding against cyber threats, ensuring operational continuity, and enabling rapid breach response; and specialized tools for digital investigation and forensic security, including OpenText's own cyber resilience solutions, as well as Carbonite and Webroot products. The company's core OpenText Information Management software platform forms the foundation for many of its offerings, which further encompass an eDiscovery platform utilizing forensics and unstructured data analytics, the OpenText Developer Cloud, key developer API services, and AI and analytics capabilities for structured and unstructured data. Additionally, Open Text provides digital process automation solutions, enabling organizations to transform into data-driven digital businesses, and the OpenText Digital Experience platform. Beyond its product suite, the company delivers comprehensive customer support programs, offering access to software upgrades, a knowledge base, discussion forums, product information, and an online trouble ticket system. They also provide consulting and learning services for the implementation, training, and integration of their licensed products, alongside various cloud services. Open Text serves a diverse global clientele, ranging from large enterprises, mid-market companies, and public sector agencies to small and medium-sized businesses and individual consumers, with a presence across Canada, the United States, the United Kingdom, Germany, the broader European region, the Middle East, Africa, and other international markets. The company maintains strategic alliances with industry leaders such as SAP SE, Google Cloud, Amazon AWS, Microsoft Corporation, Oracle Corporation, Salesforce.com Corporation, Accenture plc, ATOS, Capgemini Technology Services SAS, Cognizant Technology Solutions U.S. Corp., Deloitte Consulting LLP, and Tata Consultancy Services. Open Text Corporation was established in Waterloo, Canada, in 1991.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
CAD31.80 -1.55 (-4.65%)
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Volume Profile
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Liquidity & share structure
Average Volume
2M
Beta
1.06
Float Shares
238.55M
Free Float %
95.2%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-1.30% +4.28% +15.75% +3.38% -31.56% -25.35% -14.57% -38.74% -39.68% -6.97% +1,066.78%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Analyst Consensus (22 ratings, all time) Hold
Price Targets & DCF
Current price
31.80
DCF (Unlevered) 240.12 +655.1%
DCF (Levered) 170.51 +436.2%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 25% Bullish
Rating 2026-05 Change
Strong Buy 3 0
Buy 0 0
Hold 9 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
1.21
Distress
Piotroski F-Score
8 / 9
Strong
MOAT Score
7 / 10
Strong MOAT
Composite Rating
A-
Overall Score
4 / 5
High
DCF Score
5 / 5
High
ROE Score
4 / 5
High
ROA Score
4 / 5
High
D/E Score
1 / 5
Low
P/E Score
3 / 5
Medium
P/Book Score
4 / 5
High
Operational MOAT
✗ Below peers
  • Revenue growth Software - Application: +13.0%
    -10.4% Q1'26: +0.6% (vs Q1'25)
  • EPS growth Software - Application: +28.6%
    -1.2% Q1'26: +97.1% (vs Q1'25)
  • FCF margin FCF growth · Software - Application: +45.3%
    +12.1% Q1'26: +23.8% (vs Q1'25)
  • EBIT margin Software - Application: +9.4%
    +16.6% Q1'26: +21.5% (vs Q1'25)
  • ROIC Software - Application: +7.5%
    +8.3% Q1'26: +9.9% (vs Q1'25)
  • Share dilution Software - Application: +0.0%
    -3.3% Q1'26: -6.0% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Software - Application: -1.16×
    4.43× Q1'26: 3.90× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (1.05) × ERP
WACC = 50% × Ke + 50% × Kd (5.7%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 240.12 Current price: 31.80
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Jun 2015
actual
Jun 2016
actual
Jun 2017
actual
Jun 2018
actual
Jun 2019
actual
Jun 2020
actual
Jun 2021
actual
Jun 2022
actual
Jun 2023
actual
Jun 2024
actual
Jun 2025
actual
Jun 2026
11 Rev. Ana.
8 EPS Ana.
Jun 2027
11 Rev. Ana.
12 EPS Ana.
Jun 2028
6 Rev. Ana.
6 EPS Ana.
Revenue
1.85B
est: 2.33B (-20.6%)
1.82B
est: 2.38B (-23.4%)
2.29B
est: 2.90B (-21.0%)
2.82B
est: 3.65B (-22.8%)
2.87B
est: 3.80B (-24.5%)
3.11B
est: 4.24B (-26.7%)
3.39B
est: 4.15B (-18.4%)
3.49B
est: 4.48B (-22.0%)
4.48B
est: 5.99B (-25.1%)
5.77B
est: 5.83B (-1.1%)
5.17B
est: 5.18B (-0.2%)
5.13B
5.10B – 5.15B
-1.0% YoY
5.17B
5.05B – 5.30B
+0.9% YoY
5.22B
5.15B – 5.30B
+0.9% YoY
EBITDA
560.81M
est: 779.08M (-28.0%)
609.51M
est: 795.58M (-23.4%)
729.70M
est: 968.98M (-24.7%)
941.88M
est: 1.22B (-22.7%)
1.06B
est: 1.27B (-17.0%)
986.13M
est: 1.42B (-30.4%)
1.35B
est: 1.39B (-2.9%)
1.17B
est: 1.50B (-21.6%)
1.27B
est: 2.00B (-36.6%)
2.10B
est: 1.95B (+7.8%)
1.50B
est: 1.73B (-13.3%)
1.71B
1.71B – 1.72B
-1.0% YoY
1.73B
1.69B – 1.77B
+0.9% YoY
1.74B
1.72B – 1.77B
+0.9% YoY
EBIT
320.66M
est: 446.51M (-28.2%)
367.14M
est: 455.97M (-19.5%)
376.58M
est: 555.35M (-32.2%)
500.67M
est: 698.17M (-28.3%)
578.06M
est: 728.16M (-20.6%)
478.76M
est: 812.19M (-41.1%)
806.19M
est: 794.55M (+1.5%)
678.53M
est: 857.80M (-20.9%)
604.25M
est: 1.15B (-47.3%)
1.29B
est: 1.12B (+15.8%)
859.46M
est: 992.31M (-13.4%)
982.10M
977.20M – 986.40M
-1.0% YoY
990.75M
968.04M – 1.02B
+0.9% YoY
999.78M
985.79M – 1.01B
+0.9% YoY
Net Income
234.33M
est: 439.67M (-46.7%)
284.48M
est: 477.04M (-40.4%)
1.03B
est: 508.65M (+101.6%)
242.22M
est: 650.35M (-62.8%)
285.50M
est: 731.29M (-61.0%)
234.23M
est: 719.58M (-67.4%)
310.67M
est: 877.27M (-64.6%)
397.09M
est: 838.18M (-52.6%)
150.38M
est: 866.12M (-82.6%)
465.09M
est: 1.12B (-58.4%)
435.87M
est: 978.99M (-55.5%)
1.10B
1.08B – 1.11B
+11.9% YoY
1.16B
1.02B – 1.24B
+5.5% YoY
1.48B
1.45B – 1.51B
+27.9% YoY
SGA
532.96M
est: 669.27M (-20.4%)
484.63M
est: 683.44M (-29.1%)
615.28M
est: 832.41M (-26.1%)
734.69M
est: 1.05B (-29.8%)
725.94M
est: 1.09B (-33.5%)
822.58M
est: 1.22B (-32.4%)
885.74M
est: 1.19B (-25.6%)
994.20M
est: 1.29B (-22.7%)
1.37B
est: 1.72B (-20.4%)
1.71B
est: 1.68B (+2.1%)
1.49B
est: 1.49B (0.0%)
1.47B
1.46B – 1.48B
-1.0% YoY
1.49B
1.45B – 1.52B
+0.9% YoY
1.50B
1.48B – 1.52B
+0.9% YoY
EPS
0.96
est: 1.67 (-42.4%)
1.17
est: 1.81 (-35.3%)
4.04
est: 1.93 (+109.4%)
0.91
est: 2.47 (-63.1%)
1.06
est: 2.77 (-61.8%)
0.85
est: 2.73 (-68.9%)
1.18
est: 3.33 (-64.5%)
1.44
est: 3.18 (-54.7%)
0.56
est: 3.29 (-83.0%)
1.71
est: 4.24 (-59.7%)
1.70
est: 3.71 (-54.2%)
4.15
4.10 – 4.20
+11.9% YoY
4.38
3.87 – 4.71
+5.5% YoY
5.61
5.50 – 5.71
+27.9% YoY
Recent Grade Changes (3M)
Date Firm Previous New Grade Action
2026-05-08 RBC Capital Sector Perform Sector Perform Maintain
2026-04-21 Barclays Equal Weight Equal Weight Maintain
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-08 A- 4/5 5/5 4/5 4/5 1/5 3/5 4/5
2026-05-07 A- 4/5 5/5 4/5 4/5 1/5 3/5 4/5
2026-05-06 A- 4/5 5/5 4/5 4/5 1/5 3/5 4/5
2026-05-05 A- 4/5 5/5 4/5 4/5 1/5 3/5 4/5
2026-05-04 A- 4/5 5/5 4/5 4/5 1/5 3/5 4/5
2026-05-01 A- 4/5 5/5 4/5 3/5 1/5 3/5 4/5
2026-04-30 A- 4/5 5/5 4/5 3/5 1/5 3/5 4/5
2026-04-29 B+ 3/5 5/5 3/5 3/5 1/5 3/5 4/5
2026-04-28 B+ 3/5 5/5 3/5 3/5 1/5 3/5 4/5
2026-04-27 B+ 3/5 5/5 3/5 3/5 1/5 3/5 4/5
2026-04-24 B+ 3/5 5/5 3/5 3/5 1/5 3/5 4/5
2026-04-23 A- 4/5 5/5 3/5 4/5 1/5 3/5 4/5
2026-04-22 A- 4/5 5/5 3/5 4/5 1/5 3/5 4/5
2026-04-21 A- 4/5 5/5 3/5 4/5 1/5 3/5 4/5
2026-04-20 A- 4/5 5/5 3/5 4/5 1/5 3/5 4/5
2026-04-17 A- 4/5 5/5 3/5 4/5 1/5 3/5 4/5
2026-04-16 A- 4/5 5/5 3/5 4/5 1/5 3/5 4/5
2026-04-15 A- 4/5 5/5 3/5 4/5 1/5 3/5 4/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
802.84M
OE per share TTM
3.19
Owner's Yield
9.58%
Maintenance CapEx ratio
28.33%
Maint CapEx / Avg PPE
12.1%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
39.6K
Shares Outstanding
250.60M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Todd Cione President of OpenText Worldwide Sales 2M male
Paul Michael Duggan Executive VP & Special Advisor 2M male
Muhi S. Majzoub Executive Vice President, Product and Engineering 2M male
Paul Thomas Jenkins Executive Chair 711.1K male
Harry Edward Blount Senior Vice President & Global Head of Investor Relations male
Michael F. Acedo Executive Vice President, Chief Legal Officer & Corporate Secretary male
Ayman Antoun CEO & Director male
Shannon Bell Executive Vice President, Chief Digital Officer & Chief Information Officer female
Steve Rai Executive Vice President & Chief Financial Officer male
Michelle Berry Executive Vice President & Chief Human Resources Officer female
Christopher James McGourlay Interim Chief Executive Officer male
Cosmin Balota Senior Vice President & Chief Accounting Officer male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits