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GenusPlus Group Ltd.
(Sydney:GNP)
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Rating:66Neutral
Price Target:
AU$9.50
▲(6.50% Upside)
Action:Reiterated
Date:08/26/26
The score is driven primarily by solid financial performance (strong FY2026 growth, cash generation, and conservative leverage) and a constructive earnings outlook with clear FY27 EBITDA guidance backed by order-book visibility. Offsetting these positives are weak technicals (price below key moving averages with negative MACD) and a less attractive valuation (high P/E and low yield), which reduce near-term risk-adjusted appeal.
Positive Factors
Growth Visibility
The sharp revenue expansion, sizable order book and near-term tender pipeline provide a substantial base for continued growth. While pipeline conversion is not guaranteed, contracted work supports medium-term revenue visibility across energy, infrastructure and resources.
Negative Factors
Margin Volatility
Project mix, execution outcomes and contract contingencies can materially affect profitability. Although absolute earnings improved, volatile gross margins and modest operating margins leave limited room for cost overruns, delays or weaker pricing across major contracts.
Read all positive and negative factors
Positive Factors
Negative Factors
Growth Visibility
The sharp revenue expansion, sizable order book and near-term tender pipeline provide a substantial base for continued growth. While pipeline conversion is not guaranteed, contracted work supports medium-term revenue visibility across energy, infrastructure and resources.
Read all positive factors
GenusPlus Group Ltd. (GNP) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$1.81B
Dividend Yield0.65%
Average Volume (3M)266.49K
Price to Earnings (P/E)32.0
Beta (1Y)1.09
Revenue Growth70.52%
EPS Growth35.44%
CountryAU
Employees1,059
SectorIndustrials
Sector Strength72
IndustryEngineering & Construction
Share Statistics
EPS (TTM)0.27
Shares Outstanding203,317,610
10 Day Avg. Volume234,978
30 Day Avg. Volume266,494
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)0.51
Revenue Forecast (FY)AU$1.64B
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 | 56.98M | 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. Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | AU$832.44M | 21.35 | 24.65% | 2.60% | 12.00% | -5.39% | |
78 Outperform | AU$968.29M | 24.08 | 7.03% | 3.47% | -34.08% | -36.57% | |
75 Outperform | AU$1.16B | 28.74 | 53.12% | 4.50% | 2.95% | 12.85% | |
71 Outperform | AU$2.90B | 22.77 | 22.77% | 2.98% | 29.43% | 50.05% | |
67 Neutral | AU$3.58B | 22.47 | 23.03% | 3.20% | 31.39% | 451.49% | |
66 Neutral | AU$1.81B | 32.00 | 27.29% | 0.61% | 70.52% | 35.44% | |
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 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...
GenusPlus wins $55m Rio Tinto substation contract in Pilbara
Jul 15, 2026
GenusPlus Group Ltd has secured a contract worth about $55 million from Rio Tinto for the expansion of the 220kV Millstream Substation in Western Australia’s Pilbara region. Work on the project, which will employ around 50 personnel, will co...
GenusPlus Denies Involvement in Telstra Network Outage After Bloomberg Report
Jul 8, 2026
GenusPlus Group moved to clarify its position after a Bloomberg report linked the company to connection issues during a major Telstra outage in Australia. The infrastructure contractor stated it has not been involved with, nor contributed in any w...
GenusPlus Director Paul Gavazzi Cuts Indirect Shareholding
Jul 7, 2026
GenusPlus Group Ltd. has reported a change in the shareholding interests of director Paul Vincent Gavazzi, reflecting a reduction in his indirect stake held via Gavazzi Super Pty Limited . The notice, lodged under ASX listing rule requirements, de...
GenusPlus Completes MPC Kinetic Deal to Broaden Energy Infrastructure Reach
Jul 1, 2026
GenusPlus Group Ltd, an Australian provider of essential power, rail and communications infrastructure services, operates across the resources, energy, utilities, rail and communications sectors. Its integrated offering spans construction, mainten...
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.