Kinaxis Inc.

TSX:KXS Stock Report

Market Cap: CA$5.0b

Kinaxis Valuation

Is KXS undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of KXS when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

CA$271.66
Fair Value
33.2% undervalued intrinsic discount
11
Number of Analysts

Below Fair Value: KXS (CA$181.59) is trading below our estimate of fair value (CA$271.66)

Significantly Below Fair Value: KXS is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for KXS?

Key metric: As KXS is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for KXS. This is calculated by dividing KXS's market cap by their current earnings.
What is KXS's PE Ratio?
PE Ratio147.8x
EarningsUS$24.79m
Market CapUS$3.61b

Price to Earnings Ratio vs Peers

How does KXS's PE Ratio compare to its peers?

The above table shows the PE ratio for KXS vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average58.7x
DSG Descartes Systems Group
53.5x16.22%CA$11.0b
TOI Topicus.com
59.7x4.81%CA$12.7b
LMN Lumine Group
84.9x13.35%CA$10.8b
DCBO Docebo
36.5x33.38%CA$1.1b
KXS Kinaxis
147.8x39.19%CA$5.0b

Price-To-Earnings vs Peers: KXS is expensive based on its Price-To-Earnings Ratio (147.8x) compared to the peer average (58.7x).

Price to Earnings Ratio vs Industry

How does KXS's PE Ratio compare vs other companies in the CA Software Industry?

7 CompaniesPrice / EarningsEstimated GrowthMarket Cap
GRDI Griid Infrastructure
3.3xn/aUS$70.78m
IDLE.X Generative AI Solutions
0.08xn/aUS$8.15m
SCYB Scryb
2.1xn/aUS$2.89m
LIQD Liquid Meta Capital Holdings
2.4xn/aUS$2.74m
KXS 147.8xIndustry Avg. 54.7xNo. of Companies7PE020406080100+
7 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: KXS is expensive based on its Price-To-Earnings Ratio (147.8x) compared to the Canadian Software industry average (53.1x).

Price to Earnings Ratio vs Fair Ratio

What is KXS's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

KXS PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio147.8x
Fair PE Ratio48.5x

Price-To-Earnings vs Fair Ratio: KXS is expensive based on its Price-To-Earnings Ratio (147.8x) compared to the estimated Fair Price-To-Earnings Ratio (48.5x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst KXS forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCA$181.59
CA$229.32
+26.28%
6.61%CA$248.64CA$201.07n/a11
Sep ’26CA$189.57
CA$227.33
+19.92%
6.89%CA$245.98CA$198.92n/a10
Aug ’26CA$203.51
CA$220.27
+8.23%
7.55%CA$245.29CA$193.98n/a10
Jul ’26CA$202.52
CA$217.34
+7.32%
5.78%CA$230.12CA$195.50n/a10
Jun ’26CA$195.43
CA$217.34
+11.21%
5.78%CA$230.12CA$195.50n/a10
May ’26CA$186.59
CA$191.72
+2.75%
10.17%CA$223.88CA$154.76n/a10
Apr ’26CA$156.55
CA$197.28
+26.02%
9.09%CA$226.25CA$162.50n/a10
Mar ’26CA$157.69
CA$196.64
+24.70%
9.09%CA$225.56CA$162.01n/a10
Feb ’26CA$167.33
CA$198.52
+18.64%
8.52%CA$224.84CA$160.98n/a11
Jan ’26CA$173.14
CA$193.96
+12.02%
8.72%CA$225.74CA$156.59n/a12
Dec ’25CA$183.47
CA$193.96
+5.72%
8.72%CA$225.74CA$156.59n/a12
Nov ’25CA$166.00
CA$193.75
+16.72%
8.74%CA$225.35CA$156.31n/a12
Oct ’25CA$158.77
CA$189.67
+19.46%
10.59%CA$223.32CA$148.00CA$179.0012
Sep ’25CA$147.32
CA$189.01
+28.30%
10.79%CA$225.44CA$147.93CA$189.5712
Aug ’25CA$154.55
CA$191.64
+24.00%
10.17%CA$225.45CA$152.30CA$203.5112
Jul ’25CA$157.76
CA$194.65
+23.38%
10.87%CA$224.70CA$153.24CA$202.5212
Jun ’25CA$146.45
CA$195.74
+33.66%
9.55%CA$224.33CA$152.81CA$195.4312
May ’25CA$152.49
CA$196.88
+29.11%
9.55%CA$224.26CA$154.10CA$186.5911
Apr ’25CA$153.37
CA$195.04
+27.17%
9.91%CA$224.77CA$151.85CA$156.5511
Mar ’25CA$149.07
CA$195.04
+30.84%
9.91%CA$224.77CA$151.85CA$157.6911
Feb ’25CA$164.21
CA$215.04
+30.95%
8.44%CA$249.73CA$185.04CA$167.3311
Jan ’25CA$148.71
CA$216.15
+45.35%
7.69%CA$247.79CA$189.97CA$173.1411
Dec ’24CA$154.65
CA$216.15
+39.77%
7.69%CA$247.79CA$189.97CA$183.4711
Nov ’24CA$134.53
CA$223.04
+65.79%
8.01%CA$250.62CA$189.79CA$166.0011
Oct ’24CA$153.18
CA$224.40
+46.49%
6.69%CA$252.75CA$201.67CA$158.7711
CA$229.32
Fair Value
20.8% undervalued intrinsic discount
11
Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/10/02 05:40
End of Day Share Price 2025/10/02 00:00
Earnings2025/06/30
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Kinaxis Inc. is covered by 21 analysts. 11 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Martin TonerATB Capital Markets
Thanos MoschopoulosBMO Capital Markets Equity Research
Douglas TaylorCanaccord Genuity