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GenusPlus Group Ltd.
(Sydney:GNP)
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Rating:69Neutral
Price Target:
AU$9.00
▲(0.90% Upside)
Action:Reiterated
Date:09/19/26
The score is driven primarily by strong financial momentum (revenue, earnings and cash generation) and constructive earnings-call guidance supported by a large order book and pipeline. These positives are tempered by a demanding valuation (high P/E and low yield) and mixed technical signals, including a negative MACD and only moderately strong momentum indicators.
Positive Factors
Strong growth and visibility
Rapid revenue expansion, combined with a substantial order book and tender pipeline, gives GenusPlus meaningful forward workload visibility. This supports continued scale benefits, strengthens customer positioning in infrastructure markets, and provides a foundation for sustained growth over the next several quarters.
Negative Factors
Margin pressure and volatility
Contracting profitability remains sensitive to project mix and execution, with recent margin pressure in Energy & Engineering and historically volatile gross margins. If weaker margins persist, strong revenue growth may translate into less incremental profit and reduce the benefit of operating scale.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong growth and visibility
Rapid revenue expansion, combined with a substantial order book and tender pipeline, gives GenusPlus meaningful forward workload visibility. This supports continued scale benefits, strengthens customer positioning in infrastructure markets, and provides a foundation for sustained growth over the next several quarters.
Read all positive factors
GenusPlus Group Ltd. (GNP) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$1.72B
Dividend Yield0.67%
Average Volume (3M)1.13M
Price to Earnings (P/E)30.5
Beta (1Y)1.03
Revenue Growth70.52%
EPS Growth35.44%
CountryAU
Employees1,059
SectorIndustrials
Sector Strength72
IndustryEngineering & Construction
Share Statistics
EPS (TTM)0.27
Shares Outstanding203,597,150
10 Day Avg. Volume901,540
30 Day Avg. Volume1,130,978
Financial Highlights & Ratios
PEG Ratio0.96
Price to Book (P/B)5.05
Price to Sales (P/S)1.57
P/FCF Ratio11.66
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$12.14Price Target Upside36.10% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)0.49
Revenue Forecast (FY)AU$2.11B
GenusPlus Group Ltd. Business Overview & Revenue Model
Company Description
GenusPlus Group Limited is an Australian company focused on the construction, installation, and upkeep of power and communication networks. The firm operates through three distinct divisions: Power Services, Telecommunications, and Industrial Serv...
How the Company Makes Money
GNP makes money by contracting to deliver engineering, construction, installation, commissioning, and maintenance services on infrastructure and industrial projects. Revenue is primarily generated through (1) project-based contract income for desi...
GenusPlus Group Ltd. Earnings Call Summary
Earnings Call Date:Aug 24, 2026
(Q4-2026)
| % Change Since: |
Next Earnings Date:Feb 25, 2027
Earnings Call Sentiment Positive
The call emphasized a strong transformation year: material revenue growth (+70% to $1.28bn), record EBITDA (> $100m), enlarged recurring revenue ($764m), a $2.2bn order book and a $3.6bn tender pipeline, plus successful acquisitions (MPK, Railtrain) that expand capabilities. Challenges noted were margin softness in parts of the business (energy & engineering), conservative contingency accounting on large projects, integration and earn-out uncertainty for recent acquisitions, elevated CapEx and competitive pressure in transmission. Management framed these issues as manageable and built contingencies into guidance. Overall, the positives — size, cash generation, order book, recurring revenue and clear EBITDA guidance for FY2027 — materially outweigh the listed risks, though execution and integration remain important near-term watchpoints.Positive Updates
Record Revenue Growth
$1.28 billion revenue for FY2026, a ~70% increase year-over-year and a step change from ~$550 million two years ago (≈+132%).
Negative Updates
Margin Pressure in Energy & Engineering
Energy & Engineering segment experienced lower margins versus the prior period; management described the segment as 'flat' year-on-year with margin contraction that they expect to manage back toward a middle ground.
Read all updates
Q4-2026 Updates
Positive
Negative
Record Revenue Growth
$1.28 billion revenue for FY2026, a ~70% increase year-over-year and a step change from ~$550 million two years ago (≈+132%).
Read all positive updates
Company Guidance
Management guided FY27 EBITDA of $200–205 million, driven by a blend of organic double‑digit growth (c.10–20%), contributions from Railtrain and the July MPK acquisition (with some contingency for MPK earn‑outs and project ramp‑ups); this outlook is supported by a $2.2 billion order book, a $3.6 billion “here and now” tender pipeline, $764 million of recurring revenue, and the FY26 platform of $1.28 billion revenue (up ~70%), record EBITDA just over $100m, underlying NPAT $54m, free cash flow before tax $229m (vs $138m PCP) and cash up $315m (including a $195m cap raise for MPK). Other metrics referenced alongside the guidance include ~2,500 employees plus ~900–1,000 from MPK, a banking facility increased to roughly $540m (from $260m) with $240m of bank guarantees issued at 30 June and $79m bank credit balance, FY26 CapEx $44m with FY27 CapEx guidance $65–70m (including MPK/Railtrain), and a final dividend of $0.036 (plus the interim).GenusPlus Group Ltd. Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
78
Positive
Cash Flow
70
Positive
| Breakdown | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 1.28B | 751.27M | 551.19M | 444.18M | 451.15M |
| Gross Profit | 156.40M | 578.05M | 400.06M | 43.54M | 311.85M |
| EBITDA | 95.34M | 63.82M | 43.11M | 32.50M | 32.54M |
| Net Income | 49.02M | 35.37M | 19.26M | 13.41M | 13.56M |
Balance Sheet | |||||
| Total Assets | 978.94M | 470.97M | 288.15M | 227.42M | 231.98M |
| Cash, Cash Equivalents and Short-Term Investments | 476.05M | 94.32M | 100.97M | 46.74M | 27.88M |
| Total Debt | 96.20M | 51.74M | 29.25M | 27.73M | 27.17M |
| Total Liabilities | 580.83M | 311.19M | 166.98M | 122.44M | 138.56M |
| Stockholders Equity | 398.11M | 159.78M | 121.17M | 104.98M | 93.42M |
Cash Flow | |||||
| Free Cash Flow | 172.40M | 107.82M | 68.90M | 32.09M | 6.60M |
| Operating Cash Flow | 193.82M | 120.93M | 82.84M | 37.79M | 11.47M |
| Investing Cash Flow | -61.81M | -46.36M | -15.82M | -7.31M | -24.25M |
| Financing Cash Flow | 183.17M | -14.72M | -12.79M | -11.48M | 6.33M |
GenusPlus Group Ltd. Technical Analysis
Negative
8.92
Price Trends
8.76
Negative
9.16
Negative
8.71
Negative
Market Momentum
-0.33
Positive
40.14
Neutral
27.52
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:GNP, the sentiment is Negative. The current price of 8.92 is above the 20-day moving average (MA) of 8.83, above the 50-day MA of 8.76, and above the 200-day MA of 8.71, indicating a bearish trend. The MACD of -0.33 indicates Positive momentum. The RSI at 40.14 is Neutral, neither overbought nor oversold. The STOCH value of 27.52 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:GNP.
GenusPlus Group Ltd. Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | AU$788.65M | 19.33 | 24.65% | 2.95% | 12.00% | -5.39% | |
75 Outperform | AU$1.35B | 30.57 | 53.12% | 3.67% | 2.95% | 12.85% | |
71 Outperform | AU$2.93B | 23.25 | 22.77% | 3.71% | 29.43% | 50.05% | |
69 Neutral | AU$1.72B | 30.48 | 16.92% | 0.67% | 70.52% | 35.44% | |
67 Neutral | AU$2.94B | 18.71 | 23.03% | 3.61% | 31.39% | 451.49% | |
66 Neutral | AU$832.02M | 15.96 | 9.25% | 3.71% | 11.40% | 22.22% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% |
* Industrials Sector Average
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GenusPlus Group Ltd. Corporate Events
GenusPlus Seeks ASX Quotation for New Employee Incentive Shares
Oct 29, 2026
GenusPlus Group Ltd. has applied for quotation on the ASX of 497,889 new ordinary fully paid shares. The securities have been issued under an employee incentive scheme and are scheduled to be quoted from October 29, 2026.The additional shares refl...
GenusPlus Director Increases Indirect Shareholding Through On‑Market Trade
Oct 28, 2026
GenusPlus Group Ltd. has reported a change in director David William Riches’ interests in the company’s securities, reflecting an on‑market purchase of additional fully paid ordinary shares. Following the transaction, Riches̵...
GenusPlus Director Simon High Lifts Stake in On-Market Share Purchase
Oct 28, 2026
GenusPlus Group Ltd., an Australian infrastructure services provider listed on the ASX, operates under strict corporate governance and disclosure rules that require regular reporting of directors’ equity holdings to the market. Its directors...
GenusPlus files 2026 governance disclosures with ASX
Oct 21, 2026
GenusPlus Group Ltd has lodged its Appendix 4G and confirmed that its 2026 Corporate Governance Statement is available on its website, satisfying ASX Listing Rules on governance disclosure. The filing confirms the board has approved the statement ...
GenusPlus Sets November Date for Perth AGM, Moves to Digital Notices
Oct 21, 2026
GenusPlus Group Ltd. has announced that its Annual General Meeting will be held in person at Grant Thornton’s offices in Central Park, St Georges Terrace, Perth, on 20 November 2026 at 10:00am WST. The company is providing the Notice of Meet...
GenusPlus wins $255m Western Power and Fortescue contracts in WA
Oct 14, 2026
GenusPlus Group Ltd has secured a suite of power infrastructure contracts with Western Power and Fortescue worth about $255 million, significantly expanding its project pipeline in Western Australia. The Western Power awards cover the Clean Energy...
GenusPlus Clears Conditions to Begin Work on Parron Maam Marang Substation
Oct 2, 2026
GenusPlus Group Ltd is an end-to-end specialist service provider focused on essential power, rail and communications infrastructure across Australia. The company delivers integrated construction, maintenance and related services to customers in th...
GenusPlus Wins $135m Grid Contract for WA Wind Farm Connection
Sep 23, 2026
GenusPlus Group has been awarded a design and construct contract by Atmos Renewables to deliver a 330kV terminal, 330kV transmission lines and ancillary works for the Parron Maam Marang Farm wind project in Badgingarra, Western Australia. The cont...
GenusPlus Sets AGM Date and Opens Director Nomination Process
Sep 16, 2026
GenusPlus Group Ltd, an Australian specialist in end-to-end services for essential power, rail and communications infrastructure, serves clients across the resources, energy, utilities, rail and communications sectors. The company’s integrat...
GenusPlus wins $160m Victorian battery storage contract for Birdwood
Sep 14, 2026
GenusPlus Group has secured a contract to deliver a 400 MW / 1.86 GWh battery energy storage system for Birdwood Energy Reserve in Wodonga, Victoria, valued at about $160 million. The project, scheduled for completion in late 2028, expands GenusPl...
GenusPlus Joins S&P/ASX 300 in September Index Rebalance
Sep 4, 2026
SP Dow Jones Indices has announced its September 2026 quarterly rebalance of the SP/ASX indices, with a series of additions and removals across the 50, 100, 200 and 300 benchmarks effective before trading on September 21. The SP/ASX 20 remains unc...
GenusPlus Declares Six-Month Dividend for June 2026 Period
Aug 25, 2026
GenusPlus Group Ltd., an Australian-listed company trading under the ASX code GNP, continues to position itself as an income-focused investment through regular distributions on its ordinary fully paid shares. Its dividend approach, aligned with ha...
GenusPlus flags FY2026 results and strategic updates
Aug 24, 2026
GenusPlus Group has released its FY2026 results presentation outline, flagging an executive summary, key financial highlights, segment performance and cash flow analysis for the year to 30 June 2026. The materials also signal an FY2027 outlook and...
GenusPlus posts record earnings as energy transition fuels growth
Aug 24, 2026
GenusPlus Group Ltd is a national provider of essential power and communications infrastructure, serving the Australian market with a focus on transmission, distribution, and related engineering services. The company is positioned to benefit from ...
GenusPlus seeks ASX quotation for new employee incentive shares
Aug 20, 2026
GenusPlus Group Ltd., listed on the ASX under code GNP, operates in the infrastructure and services sector and employs equity-based incentive schemes for its workforce. The company issues ordinary fully paid shares under these employee plans, rein...
GenusPlus to Unveil FY2026 Results in Investor Conference Call
Aug 20, 2026
GenusPlus Group Ltd has scheduled the release of its FY2026 financial results for Tuesday, 25 August 2026, underscoring the company’s intent to update investors on trading performance in key Australian infrastructure markets. Managing Direct...
GenusPlus Corrects Director Share Disposal in Replacement Appendix 3Y
Aug 18, 2026
GenusPlus Group Ltd has issued a replacement Appendix 3Y after identifying a calculation error in a director’s share disposal previously reported to the ASX. The correction reduces the disclosed number of shares sold by director Paul Vincent...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.