Generix (ENXTPA:GENX) - Share price, News & Analysis

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

GENX (€9.6) is trading above our estimate of [[fair value]] (€4.86)

GENX fundamental analysis
Snowflake Score
Valuation	0/6
Future Growth	1/6
Past Performance	2/6
Financial Health	4/6
Dividends	0/6

GENX Stock Overview

Generix SA develops SaaS based supply chain solutions worldwide.

Rewards

Revenue is forecast to grow 6.37% per year

Risk Analysis

Highly volatile share price over the past 3 months

Profit margins (4%) are lower than last year (6.2%)

Generix Competitors

Linedata Services

ENXTPA:LIN

€261.6m

Sidetrade

ENXTPA:ALBFR

€166.5m

Cast

ENXTPA:CAS

€132.1m

Axway Software

ENXTPA:AXW

€363.7m

Price History & Performance

Summary of all time highs, changes and price drops for Generix
Historical stock prices
Current Share Price	€9.60
52 Week High	€10.00
52 Week Low	€5.20
Beta	0.47
1 Month Change	0.63%
3 Month Change	34.08%
1 Year Change	4.58%
3 Year Change	77.78%
5 Year Change	336.36%
Change since IPO	-97.68%

Shareholder Returns

	GENX	FR Software	FR Market
7D	0.4%	4.8%	2.2%
1Y	4.6%	-12.7%	-10.6%

Return vs Industry: GENX exceeded the French Software industry which returned -12.4% over the past year.

Return vs Market: GENX exceeded the French Market which returned -10.6% over the past year.

Price Volatility

Is GENX's price volatile compared to industry and market?
GENX volatility
GENX Average Weekly Movement	10.3%
Software Industry Average Movement	5.3%
Market Average Movement	4.9%
10% most volatile stocks in FR Market	9.1%
10% least volatile stocks in FR Market	2.9%

Stable Share Price: GENX is more volatile than 90% of French stocks over the past 3 months, typically moving +/- 10% a week.

Volatility Over Time: GENX's weekly volatility (10%) has been stable over the past year, but is still higher than 75% of French stocks.

About the Company

Founded	Employees	CEO	Website
1990	741	Aida Sene	https://www.generixgroup.com

Generix SA develops SaaS based supply chain solutions worldwide. The company's supply chain hub platform offers supply chain execution solutions, including warehouse management software; transport management software to reduce transport costs and associated administrative charges; warehouse management system software; yard management software; and logistics order management system software. Its supply chain hub platform also provides B2B integration solutions, such as EDI services, invoice services solution, AP automation solution, and archive services; and collaboration and visibility solutions comprising supplier, customer, carrier transport, third-party logistics providers (3PL) portals, as well as stock replenishment software, order tracking solutions, and onboarding services, as well as collaborative network.

Generix Fundamentals Summary

How do Generix's earnings and revenue compare to its market cap?
GENX fundamental statistics
Market Cap	€217.70m
Earnings (TTM)	€3.40m
Revenue (TTM)	€84.50m

64.0x

P/E Ratio

2.6x

P/S Ratio

Is GENX overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
GENX income statement (TTM)
Revenue	€84.50m
Cost of Revenue	€79.90m
Gross Profit	€4.60m
Other Expenses	€1.20m
Earnings	€3.40m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

Jul 25, 2022

Earnings per share (EPS)	0.15
Gross Margin	5.44%
Net Profit Margin	4.02%
Debt/Equity Ratio	35.8%

How did GENX perform over the long term?

See historical performance and comparison

We’ve recently updated our valuation analysis.

Valuation

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

Valuation Score

0/6

Valuation Score 0/6

Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
PEG Ratio

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

The above table shows the n/a ratio for GENX. This is calculated by dividing GENX's market cap by their current preferred multiple.
What is GENX's n/a Ratio?
n/a Ratio	0x
n/a	n/a
Market Cap	€217.70m

GENX key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	2.7x
Enterprise Value/EBITDA	43.2x
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

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

GENX PE Ratio vs Peers

The above table shows the PE ratio for GENX vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	PE	Estimated Growth	Market Cap
Peer Average	29.1x
LIN Linedata Services	9.2x	-8.1%	€261.6m
ALBFR Sidetrade	37.9x	13.5%	€166.5m
CAS Cast	31.4x	n/a	€132.1m
AXW Axway Software	37.9x	25.7%	€363.7m
GENX Generix	64x	n/a	€217.7m

Forward PE

Price-To-Earnings vs Peers: GENX is expensive based on its Price-To-Earnings Ratio (64x) compared to the peer average (29.1x).

Price to Earnings Ratio vs Industry

How does GENX's PE Ratio compare vs other companies in the European Software Industry?

Price-To-Earnings vs Industry: GENX is expensive based on its Price-To-Earnings Ratio (64x) compared to the French Software industry average (34.7x)

Price to Earnings Ratio vs Fair Ratio

What is GENX'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.

GENX PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	64x
Fair PE Ratio	n/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate GENX's Price-To-Earnings Fair Ratio for valuation analysis.

Share Price vs Fair Value

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

Below Fair Value: GENX (€9.6) is trading above our estimate of fair value (€4.86)

Significantly Below Fair Value: GENX is trading above our estimate of fair value.

Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate GENX's PEG Ratio to determine if it is good value.

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Future Growth

How is Generix forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

Future Growth Score

1/6

Future Growth Score 1/6

Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE

6.4%

Forecasted annual revenue growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if GENX's forecast earnings growth is above the savings rate (0.3%).

Earnings vs Market: Insufficient data to determine if GENX's earnings are forecast to grow faster than the French market

High Growth Earnings: Insufficient data to determine if GENX's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: GENX's revenue (6.4% per year) is forecast to grow faster than the French market (5.9% per year).

High Growth Revenue: GENX's revenue (6.4% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: GENX's Return on Equity is forecast to be low in 3 years time (9.3%).

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Past Performance

How has Generix performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE

46.6%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: GENX has high quality earnings.

Growing Profit Margin: GENX's current net profit margins (4%) are lower than last year (6.2%).

Past Earnings Growth Analysis

Earnings Trend: GENX has become profitable over the past 5 years, growing earnings by 46.6% per year.

Accelerating Growth: GENX's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: GENX had negative earnings growth (-32.1%) over the past year, making it difficult to compare to the Software industry average (32.5%).

Return on Equity

High ROE: GENX's Return on Equity (10.1%) is considered low.

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Financial Health

How is Generix's financial position?

Financial Health Score

4/6

Financial Health Score 4/6

Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage

Financial Position Analysis

Short Term Liabilities: GENX's short term assets (€53.4M) exceed its short term liabilities (€51.3M).

Long Term Liabilities: GENX's short term assets (€53.4M) exceed its long term liabilities (€19.4M).

Debt to Equity History and Analysis

Debt Level: GENX's net debt to equity ratio (3.4%) is considered satisfactory.

Reducing Debt: GENX's debt to equity ratio has increased from 22.2% to 35.8% over the past 5 years.

Debt Coverage: GENX's debt is well covered by operating cash flow (77.9%).

Interest Coverage: GENX's interest payments on its debt are not well covered by EBIT (2x coverage).

Balance Sheet

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Dividend

What is Generix current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage

Dividend Yield vs Market

Notable Dividend: Unable to evaluate GENX's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate GENX's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.

Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if GENX's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if GENX's dividend payments have been increasing.

Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as GENX has not reported any payouts.

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Management

How experienced are the management team and are they aligned to shareholders interests?

2.3yrs

Average management tenure

CEO

Aida Sene

3.75yrs

Tenure

€846,214

Compensation

Ms. Aida Collette-Sène has been Chief Executive Officer at Generix SA since October 2018 and serves as its Member of Management Board since September 26, 2018. Ms. Sene began her professional career in Can...

CEO Compensation Analysis

Compensation vs Market: Aida's total compensation ($USD886.00K) is above average for companies of similar size in the French market ($USD394.53K).

Compensation vs Earnings: Aida's compensation has been consistent with company performance over the past year.

Leadership Team

Experienced Management: GENX's management team is considered experienced (2.3 years average tenure).

Board Members

Experienced Board: GENX's board of directors are considered experienced (9.2 years average tenure).

Ownership

Who are the major shareholders and have insiders been buying or selling?

Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Data	Last Updated (UTC time)
Company Analysis	2022/06/29 00:00
End of Day Share Price	2022/06/29 00:00
Earnings	2022/03/31
Annual Earnings	2022/03/31