Buy Or Sell Opportunity • May 26
Now 23% overvalued after recent price rise Over the last 90 days, the stock has risen 13% to €25.30. The fair value is estimated to be €20.64, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 46%. Board Change • May 21
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Director Thierry Rouquet was the last independent director to join the board, commencing their role in 2025. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Tillkännagivande • May 01
WALLIX GROUP SA, Annual General Meeting, May 04, 2026 WALLIX GROUP SA, Annual General Meeting, May 04, 2026. Location: 250 bis rue du faubourg saint honore, paris France Tillkännagivande • Nov 26
WALLIX GROUP SA (ENXTPA:ALLIX) acquired Malizen SAS. WALLIX GROUP SA (ENXTPA:ALLIX) acquired Malizen SAS for €1.6 million on November 25, 2025. All Malizen shareholders will thus become WALLIX shareholders and have undertaken to hold all the shares received for a minimum period of six months. The transaction, which is non-equity-dilutive, preserves the Group’s financial strength. The transaction involves the acquisition of 100% of the shares comprising Malizen’s share capital on the basis of an enterprise value of €1.6 million, including €0.2 million in net financial debt i.e, 80% of the value of the shares (i.e. €1.1 million) paid immediately, including €0.2 million in cash and the balance through the allocation of 37,764 existing treasury shares of WALLIX1 representing 0.56% of the share capital; 20% of the value of the shares (i.e. €0.3 million) conditional upon the achievement of technological and financial performance targets and paid in equal installments in September 2026 and September 2027, with 50% in cash and 50% in WALLIX shares.
WALLIX GROUP SA (ENXTPA:ALLIX) completed the acquisition of Malizen SAS on November 25, 2025. Tillkännagivande • Apr 29
WALLIX GROUP SA, Annual General Meeting, Jun 05, 2025 WALLIX GROUP SA, Annual General Meeting, Jun 05, 2025. Location: 250 bis rue du faubourg saint honore, paris France New Risk • Jul 24
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 11% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (11% average weekly change). Minor Risk Market cap is less than US$100m (€52.8m market cap, or US$57.3m). Reported Earnings • Mar 26
Full year 2023 earnings released Full year 2023 results: Revenue: €35.1m (up 21% from FY 2022). Net loss: €8.53m (loss widened 42% from FY 2022). Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 9.4% growth forecast for the Software industry in Germany. Breakeven Date Change • Mar 22
Forecast breakeven date pushed back to 2025 The 2 analysts covering WALLIX GROUP previously expected the company to break even in 2024. New consensus forecast suggests the company will make a profit of €4.00m in 2025. Average annual earnings growth of 72% is required to achieve expected profit on schedule. Tillkännagivande • Dec 08
WALLIX GROUP SA to Report Fiscal Year 2023 Results on Mar 21, 2024 WALLIX GROUP SA announced that they will report fiscal year 2023 results on Mar 21, 2024 New Risk • Oct 31
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (6.8% average weekly change). Shareholders have been diluted in the past year (11% increase in shares outstanding). Market cap is less than US$100m (€48.7m market cap, or US$51.7m). Reported Earnings • Oct 15
First half 2023 earnings released First half 2023 results: Revenue: €16.2m (up 26% from 1H 2022). Net loss: €5.44m (loss widened 50% from 1H 2022). Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 7.3% growth forecast for the Software industry in Germany. New Risk • Jul 28
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 10.0% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (7.3% average weekly change). Shareholders have been diluted in the past year (10.0% increase in shares outstanding). Market cap is less than US$100m (€68.8m market cap, or US$75.9m). Tillkännagivande • Jun 09
WALLIX GROUP SA announced that it expects to receive €9 million in funding WALLIX GROUP SA announced a private placement of common shares at an issue price of €10.50 per share for gross proceeds of around €4,000,000 and entered into an agreement for the private placement of convertible bonds for gross proceeds of €5,000,000 for aggregate gross proceeds of around €9,000,000 on June 8, 2023. The bonds transaction will fully include participation from investment funds managed by NextStage AM. The common shares will will involve accelerated book building and will be issued without preferential subscription rights. The bonds will have a coupon rate of 6%, annual non-conversion premium of 8% (non-compounded) and will mature in four tranches from December 31, 2026 to December 31, 2029. The bonds will be convertible at an issue price of €16. Tillkännagivande • May 17
WALLIX GROUP SA (ENXTPA:ALLIX) acquired Kleverware for €0.25 million. WALLIX GROUP SA (ENXTPA:ALLIX) acquired Kleverware for €0.25 million on May 16, 2023. WALLIX paid an initial price of €250,000 paid in cash, with possible earnouts subject to the presence of the Kleverware founding shareholders and Kleverware’s performance.WALLIX GROUP SA (ENXTPA:ALLIX) completed the acquisition of Kleverware on May 16, 2023. Breakeven Date Change • Mar 26
Forecast to breakeven in 2024 The 2 analysts covering WALLIX GROUP expect the company to break even for the first time. New consensus forecast suggests losses will reduce by 46% to 2023. The company is expected to make a profit of €1.15m in 2024. Average annual earnings growth of 103% is required to achieve expected profit on schedule. Reported Earnings • Mar 25
Full year 2022 earnings released Full year 2022 results: Revenue: €31.0m (up 12% from FY 2021). Net loss: €6.00m (loss widened 103% from FY 2021). Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 7.2% growth forecast for the Software industry in Germany. Buying Opportunity • Mar 17
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 2.9%. The fair value is estimated to be €13.74, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Earnings per share has grown by 25%. Revenue is forecast to grow by 23% in 2 years. Earnings is forecast to grow by 54% in the next 2 years. Breakeven Date Change • Feb 10
Forecast to breakeven in 2024 The 2 analysts covering WALLIX GROUP expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of €2.40m in 2024. Average annual earnings growth of 92% is required to achieve expected profit on schedule. Reported Earnings • Oct 15
First half 2022 earnings released First half 2022 results: Revenue: €14.1m (up 13% from 1H 2021). Net loss: €3.64m (loss widened 34% from 1H 2021). Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 8.3% growth forecast for the Software industry in Germany. Breakeven Date Change • Jul 23
Forecast to breakeven in 2024 The 2 analysts covering WALLIX GROUP expect the company to break even for the first time. New consensus forecast suggests losses will reduce by 36% per year to 2023. The company is expected to make a profit of €300.0k in 2024. Average annual earnings growth of 54% is required to achieve expected profit on schedule. Buying Opportunity • Feb 12
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 39%. The fair value is estimated to be €25.01, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 20% per annum over the last 3 years. Earnings per share has declined by 20% per annum over the last 3 years. Breakeven Date Change • Dec 13
Forecast to breakeven in 2022 The 2 analysts covering WALLIX GROUP expect the company to break even for the first time. New consensus forecast suggests losses will reduce by 67% to 2021. The company is expected to make a profit of €1.80m in 2022. Average annual earnings growth of 108% is required to achieve expected profit on schedule. Breakeven Date Change • Nov 02
Forecast to breakeven in 2022 The 2 analysts covering WALLIX GROUP expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of €1.80m in 2022. Average annual earnings growth of 108% is required to achieve expected profit on schedule. 
