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Kinaxis Inc
(TSX:KXS)
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Rating:71Outperform
Price Target:
C$196.00
▲(14.03% Upside)
Action:Reiterated
Date:09/06/26
The score is driven primarily by improved financial performance (material margin expansion, strong ROE, low leverage, and solid free cash flow translation). Technicals add support with an established uptrend and positive momentum. The main constraint is valuation, with a high P/E that leaves less room for disappointment.
Positive Factors
Enterprise platform adoption
Selection by a global energy company after evaluating multiple leading platforms supports Maestro’s competitive relevance in complex supply chains. This kind of enterprise adoption can reinforce Kinaxis’s market position, create recurring subscription revenue, and provide a durable reference customer for further expansion.
Negative Factors
Volatile revenue growth
Uneven revenue growth makes the pace of future expansion less predictable and complicates planning for hiring, product investment, and customer delivery capacity. The unusually high latest TTM reading may include lumpiness or timing effects, reducing confidence that the recent rate is fully repeatable.
Read all positive and negative factors
Positive Factors
Negative Factors
Enterprise platform adoption
Selection by a global energy company after evaluating multiple leading platforms supports Maestro’s competitive relevance in complex supply chains. This kind of enterprise adoption can reinforce Kinaxis’s market position, create recurring subscription revenue, and provide a durable reference customer for further expansion.
Read all positive factors
Kinaxis Inc (KXS) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$4.67B
Dividend YieldN/A
Average Volume (3M)116.25K
Price to Earnings (P/E)39.6
Beta (1Y)0.46
Revenue Growth15.99%
EPS Growth252.03%
CountryCA
Employees1,837
SectorTechnology
Sector Strength88
IndustrySoftware - Application
Share Statistics
EPS (TTM)3.13
Shares Outstanding27,187,883
10 Day Avg. Volume138,929
30 Day Avg. Volume116,249
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)8.43
Price to Sales (P/S)6.36
P/FCF Ratio31.11
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
C$203.00Price Target Upside18.10% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering6
EPS Forecast (FY)4.51
Revenue Forecast (FY)C$637.91M
Kinaxis Inc Business Overview & Revenue Model
Company Description
Headquartered in Ottawa, Canada, Kinaxis Inc. specializes in providing cloud-based subscription software to optimize supply chain operations worldwide. Its core offering is the Kinaxis platform, a comprehensive software-as-a-service (SaaS) solutio...
How the Company Makes Money
Kinaxis primarily makes money by selling access to its cloud software platform on a subscription basis. Customers typically pay recurring fees to use the RapidResponse platform (and related modules/capabilities), which are delivered as software-as...
Kinaxis Inc Earnings Call Summary
Earnings Call Date:May 06, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Oct 29, 2026
Earnings Call Sentiment Positive
The call presented strong, broad-based operating and financial outperformance: double-digit revenue growth, record quarterly profit and adjusted EBITDA, accelerating ARR and RPO, large enterprise wins and meaningful traction for AI-driven products (Maestro Agents, ADF). Management reinforced commercial momentum while prudently maintaining full-year guidance because of macro/FX uncertainty and called out several operational items to manage (maintenance decline, future decline of term license tailwinds, partner enablement, token cost uncertainty and a CFO transition). On balance the positives (revenue/ARR acceleration, profitability, cash generation, large deals and product/AI momentum) materially outweigh the challenges and risks discussed.Positive Updates
Revenue Growth and Scale
Total revenue $165.6M, up 25% year-over-year. SaaS revenue $102.9M, up 21% YoY. Subscription term license revenue $19.1M, up 111% YoY. Professional services revenue $38.7M, up 16% YoY.
Negative Updates
Maintenance & Support Decline
Maintenance and support revenue $4.9M, down 11% YoY due to customers moving from hybrid/term-license models to SaaS, and the company expects maintenance to decrease slightly in remaining quarters.
Read all updates
Q1-2026 Updates
Positive
Negative
Revenue Growth and Scale
Total revenue $165.6M, up 25% year-over-year. SaaS revenue $102.9M, up 21% YoY. Subscription term license revenue $19.1M, up 111% YoY. Professional services revenue $38.7M, up 16% YoY.
Read all positive updates
Company Guidance
Kinaxis said it is maintaining all aspects of its FY2026 guidance despite a stronger-than-expected Q1, citing Q1 results that bolster confidence: total revenue $165.6M (+25% y/y), SaaS revenue $102.9M (+21%), ARR $447M (+20%) with $14M added in Q1, SaaS RPO $905M and total RPO $949M, adjusted EBITDA $53.6M (+62%) with a 32% margin, net profit $29.4M, gross profit $114M (69% margin), Q1 cash from operations $59.1M (+87%) and cash/short-term investments $327.6M; trailing 12‑month free cash flow margin was 24% (Q1 FCF margin 35%). Management noted subscription term license revenue of $19.1M (+111%), professional services $38.7M (+16%, though full‑year services growth is expected to be low single digits), maintenance & support $4.9M (‑11%, with slight sequential declines expected), and disclosed $62M of share repurchases (570,204 shares) under a repurchase program capped at ~2.8M shares (~10% of float); they cited political, economic and FX volatility for a prudent posture and will reassess guidance next quarter.Kinaxis Inc Financial Statement Overview
Summary
Income Statement
82
Very Positive
Balance Sheet
78
Positive
Cash Flow
74
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 601.00M | 557.62M | 483.11M | 426.97M | 366.89M | 250.73M |
| Gross Profit | 380.00M | 337.91M | 294.58M | 258.90M | 235.79M | 163.97M |
| EBITDA | 145.07M | 127.73M | 38.18M | 34.38M | 44.83M | 5.82M |
| Net Income | 86.57M | 71.94M | 56.00K | 10.06M | 20.08M | -1.17M |
Balance Sheet | ||||||
| Total Assets | 702.31M | 723.40M | 684.93M | 687.00M | 654.63M | 515.37M |
| Cash, Cash Equivalents and Short-Term Investments | 310.74M | 324.12M | 298.32M | 290.85M | 228.04M | 231.19M |
| Total Debt | 44.51M | 47.92M | 48.91M | 51.42M | 57.53M | 55.23M |
| Total Liabilities | 302.77M | 302.59M | 289.65M | 235.45M | 249.27M | 197.18M |
| Stockholders Equity | 399.54M | 420.80M | 395.28M | 451.56M | 405.37M | 318.20M |
Cash Flow | ||||||
| Free Cash Flow | 149.35M | 114.07M | 90.15M | 78.31M | 6.08M | 16.03M |
| Operating Cash Flow | 153.30M | 119.86M | 94.45M | 80.64M | 23.79M | 49.30M |
| Investing Cash Flow | 63.22M | -56.06M | -12.97M | -68.40M | -72.76M | -34.05M |
| Financing Cash Flow | -160.34M | -83.96M | -79.67M | -12.23M | 26.04M | 5.75M |
Kinaxis Inc Technical Analysis
Positive
171.89
Price Trends
165.75
Positive
157.94
Positive
153.83
Positive
Market Momentum
0.52
Positive
50.95
Neutral
26.36
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:KXS, the sentiment is Positive. The current price of 171.89 is below the 20-day moving average (MA) of 174.00, above the 50-day MA of 165.75, and above the 200-day MA of 153.83, indicating a neutral trend. The MACD of 0.52 indicates Positive momentum. The RSI at 50.95 is Neutral, neither overbought nor oversold. The STOCH value of 26.36 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:KXS.
Kinaxis Inc Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | C$892.60M | 12.94 | 11.70% | 7.37% | -4.73% | -5.61% | |
74 Outperform | C$9.01B | 34.52 | 11.71% | ― | 12.43% | 25.58% | |
71 Outperform | C$4.67B | 39.55 | 20.88% | ― | 15.99% | 252.03% | |
70 Outperform | C$7.75B | 5.10 | 28.29% | 4.77% | 0.54% | 54.92% | |
69 Neutral | C$841.10M | 20.33 | 113.64% | ― | 11.23% | 65.79% | |
69 Neutral | C$5.61B | 37.06 | 13.41% | ― | 15.30% | 17.40% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% |
* Technology Sector Average
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Kinaxis Inc Corporate Events
Business Operations and StrategyFinancial Disclosures
Kinaxis lifts revenue outlook as SaaS and ARR surge in second quarter
Positive
Aug 5, 2026
Kinaxis reported a robust second quarter of 2026, with total revenue rising 16% year over year to $158.8 million and SaaS revenue climbing 20% to $106.5 million despite modest foreign exchange headwinds. Annual Recurring Revenue increased 19% to $...
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.