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Wallix Group SA
(ALLIX)
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Rating:44Neutral
Price Target:
€23.50
▲(4.44% Upside)
Action:Reiterated
Date:08/06/26
The score is weighed down primarily by persistent unprofitability (negative net income/EBIT) and weak technical conditions (below major moving averages with negative MACD). Positives include strong revenue growth, a substantially de-risked balance sheet (zero debt in 2025), and improved 2025 cash generation with positive free cash flow, but these have not yet translated into sustainable profitability.
Positive Factors
Strong Revenue Growth
Revenue has roughly doubled over five years, demonstrating sustained demand for Wallix’s cybersecurity software and access-management offerings. Continued top-line expansion can improve operating leverage, broaden the customer base, and provide a durable foundation for future profitability if costs remain controlled.
Negative Factors
Persistent Unprofitability
Wallix has not yet demonstrated durable operating profitability despite substantial revenue growth, so its business model has yet to convert scale into consistently positive earnings. Continued losses could constrain reinvestment, weaken shareholder returns, and increase dependence on successful execution to reach breakeven.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Revenue Growth
Revenue has roughly doubled over five years, demonstrating sustained demand for Wallix’s cybersecurity software and access-management offerings. Continued top-line expansion can improve operating leverage, broaden the customer base, and provide a durable foundation for future profitability if costs remain controlled.
Read all positive factors
Wallix Group SA (ALLIX) vs. iShares MSCI France ETF (EWQ)
Market Cap
€166.31M
Dividend YieldN/A
Average Volume (3M)8.06K
Price to Earnings (P/E)111.9
Beta (1Y)0.81
Revenue Growth16.83%
EPS GrowthN/A
CountryFR
Employees208
SectorTechnology
Sector Strength88
IndustrySoftware - Infrastructure
Share Statistics
EPS (TTM)0.21
Shares Outstanding7,099,569
10 Day Avg. Volume8,910
30 Day Avg. Volume8,058
Financial Highlights & Ratios
PEG Ratio2.36
Price to Book (P/B)15.25
Price to Sales (P/S)4.03
P/FCF Ratio157.19
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)0.27
Revenue Forecast (FY)€48.40M
Wallix Group SA Business Overview & Revenue Model
Company Description
Wallix Group SA, a software company founded in 2003 and based in Paris, France, provides a comprehensive suite of cybersecurity solutions to customers globally. The company specializes in securing and managing digital access, offering a range of p...
How the Company Makes Money
Wallix primarily makes money by selling its cybersecurity software and related services centered on privileged access management. Its core revenue stream typically comes from licensing/subscriptions for its PAM platform and associated modules (e.g...
Wallix Group SA Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
67
Positive
Cash Flow
56
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 43.17M | 40.62M | 34.09M | 30.18M | 25.18M | 23.17M |
| Gross Profit | 23.80M | 25.08M | 18.03M | 5.33M | 4.85M | 1.88M |
| EBITDA | 6.64M | 4.33M | -1.02M | -4.84M | -3.31M | 331.00K |
| Net Income | 1.32M | -875.00K | -4.29M | -8.53M | -6.00M | -2.95M |
Balance Sheet | ||||||
| Total Assets | 59.38M | 64.37M | 54.21M | 58.47M | 51.07M | 52.55M |
| Cash, Cash Equivalents and Short-Term Investments | 12.52M | 12.09M | 11.17M | 17.63M | 13.55M | 22.72M |
| Total Debt | 8.04M | 8.20M | 8.28M | 8.95M | 1.96M | 2.65M |
| Total Liabilities | 49.35M | 53.64M | 44.38M | 43.34M | 33.57M | 29.94M |
| Stockholders Equity | 10.02M | 10.73M | 9.83M | 15.13M | 17.50M | 22.61M |
Cash Flow | ||||||
| Free Cash Flow | 2.88M | 1.04M | -4.88M | -8.20M | -8.03M | 231.00K |
| Operating Cash Flow | 10.20M | 7.56M | 1.55M | -3.48M | -2.29M | 6.24M |
| Investing Cash Flow | -8.38M | -7.53M | -6.52M | -5.16M | -5.81M | -5.62M |
| Financing Cash Flow | 1.27M | 950.00K | -1.51M | 12.72M | -1.09M | -1.14M |
Wallix Group SA Technical Analysis
Neutral
22.50
Price Trends
22.86
Positive
22.91
Positive
23.71
Negative
Market Momentum
<0.01
Positive
46.97
Neutral
24.86
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FR:ALLIX, the sentiment is Neutral. The current price of 22.5 is below the 20-day moving average (MA) of 23.69, below the 50-day MA of 22.86, and below the 200-day MA of 23.71, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 46.97 is Neutral, neither overbought nor oversold. The STOCH value of 24.86 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for FR:ALLIX.
Wallix Group SA Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | €293.57M | 12.61 | 19.11% | 4.79% | 5.36% | 50.74% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
48 Neutral | €121.64M | -14.41 | -15.60% | ― | -4.35% | -156.96% | |
45 Neutral | €2.08B | 217.14 | 18.61% | ― | 5.58% | ― | |
44 Neutral | €166.31M | 111.90 | 12.68% | ― | 16.83% | ― |
* Technology Sector Average
FR:ALLIX
Wallix Group SA
23.50
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1.08%
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FR:MLCHE
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Wallix Group SA Corporate Events
Wallix Boosts Recurring Revenue, Strengthens Finances to Drive Sovereign Cybersecurity Push
Oct 8, 2026
Wallix reported first-half 2026 revenue of €20.6 million, up 14.2%, with monthly recurring revenue rising 19.4% to €2.8 million and recurring revenue representing 81% of sales as it shifts toward a subscription-based model. Operating a...
WALLIX launches sovereign identity solution to bolster European digital autonomy
Oct 7, 2026
WALLIX has launched WALLIX Sovereign Identity Access, a new identity and access management solution aimed at reinforcing operational resilience and digital autonomy for European organizations. The platform secures the full lifecycle of digital ide...
Wallix deepens DACH push with Deloitte Germany cybersecurity alliance
Sep 24, 2026
Wallix has expanded its global alliances strategy in the DACH region by bringing Deloitte Germany into its WALLIX Global GSI Alliances program, aimed at deepening its reach among industrial companies and operators of critical infrastructure. The p...
WALLIX launches operational cyber guide to support French State security roadmap
Sep 9, 2026
WALLIX has published an operational guide, “From Digital Security to State Use,” aimed at French ministries implementing the State’s 2026–2030 digital security roadmap, with free access to support rapid deployment. The guid...
Wallix Updates Share Capital and Voting Rights After Bond Conversion
Sep 7, 2026
Wallix Group SA has reported an increase in its share capital to 7,099,569 shares as of 31 August 2026, corresponding to 8,726,633 theoretical voting rights and 8,722,451 actual voting rights, under French market regulations. The change stems from...
Wallix Updates Voting Rights as Bond Conversion Boosts Share Capital
Aug 18, 2026
Wallix Group SA has reported updated regulatory information on its capital structure as of 31 July 2026, disclosing 6,787,070 shares outstanding and 8,409,583 net voting rights, with a slightly higher theoretical voting count including treasury sh...
Wallix Bolsters Equity as NextStage Converts Bonds into Shares
Aug 11, 2026
Wallix has strengthened its balance sheet by converting all bonds subscribed by investment firm NextStage AM in 2023 into 312,499 new shares, boosting equity by €5 million and cutting financial debt and interest costs. The move supports the ...
Wallix secures €25m non-dilutive financing to fuel cybersecurity growth
Jul 28, 2026
Wallix Group SA, a European cybersecurity specialist in identity and access management and privileged access management, provides software that secures user identities and access for thousands of organizations worldwide. Its solutions, recognized ...
Wallix Details Mid-Year Liquidity Contract Activity Ahead of Half-Year Results
Jul 22, 2026
Wallix Group SA reported the status of its share liquidity contract managed by TP ICAP Europe, showing 6,778 shares and EUR 150,663.97 in cash held in the liquidity account at 30 June 2026. The disclosure highlights active trading under the arrang...
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.