# Kinaxis Inc. (KXS.TO) fundamentals

Data as of 2026-09-08. TSX, Canada. Sector: Technology / Software. Price C$177.17, market value C$4.8 billion.

## Valuation
- **P/E (trailing): 41.9×**. Kinaxis Inc. trades at 41.9× trailing earnings. The Technology median in the September 2026 study was 32.1×. Forward P/E is 24.0×, lower than trailing, so analysts expect earnings to grow.
- **PEG: 0.00**. A PEG of 0.00 means the P/E is low relative to expected earnings growth: the market is not paying much for that growth.
- **Price / sales: 5.8×**. Each dollar of revenue is priced at 5.8×.
- **Price / book: 8.9×**. The shares trade at 8.9× book value; most of the value is in earnings power and intangibles rather than the balance sheet.
- **EV / EBITDA: 22.2×**. Enterprise value is 22.2× operating earnings before depreciation, the multiple that ignores how the company is financed; above 20× is demanding.
- **Free-cash-flow yield: 4.3%** (5-yr avg 1.3%). Free cash flow equals 4.3% of the market value, above its five-year average of 1.3%, so the shares are cheaper on cash than they have usually been.
- **Earnings yield: 2.4%**. The inverse of the P/E: 2.4% of the price is earned each year.

## Profitability
- **Gross margin: 63.2%**. Kinaxis Inc. keeps 63.2% of revenue after the direct cost of what it sells, the kind of margin that comes with software, brands or pricing power.
- **Operating margin: 17.8%**. 17.8% of revenue is left after running the business, a healthy level in most sectors.
- **Net margin: 12.9%**. 12.9% of each dollar of sales reaches the bottom line.
- **Return on equity: 17.1%**. 17.1% on shareholders' equity is solid.
- **Return on invested capital: 53.4%**. Return on all capital, debt included, is 53.4%: comfortably above what that capital costs.
- **Return on assets: 12.0%**. Each dollar of assets produces 12.0% of profit.

## Growth
- **Revenue growth (1 yr): 15.4%** (3-yr 15.0%/yr, 5-yr 20.0%/yr). Revenue grew 15.4% over the last year, against 20.0% a year compounded over five years: growth is slowing.
- **Free-cash-flow growth (3 yr): 165.7%/yr**. Free cash flow has compounded at 165.7% a year over three years, keeping pace with earnings: the growth is real cash.

## Financial health
- **Debt to equity: 0.11**. Debt is 0.11 times equity: a conservative balance sheet.
- **Net debt / EBITDA: net cash**. Kinaxis Inc. holds more cash than debt.
- **Current ratio: 1.97** (quick 1.97). Current assets cover the next year's liabilities 1.97 times.
- **Altman Z-score: 11.92**. A Z-score of 11.92 places the company in the safe zone for bankruptcy risk.
- **Piotroski F-score: 7/9**. 7 of 9 fundamental checks pass: strong and improving financials.

## Dividends
- **Dividend: none**. Kinaxis Inc. does not currently pay a dividend, but it returned 4.9% of its market value through buybacks over the last year.

## Analyst view
- **Analyst consensus: buy** (10 analysts). 10 analysts cover Kinaxis Inc.; the consensus is buy, with an average price target of C$208.63 (+18% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): -6.7%** (YTD 2.4%, 3-mo 6.2%). The shares are down 6.7% over twelve months including dividends.
- **From 52-week high: -7.0%** (51.1% above the low). Trading 7% below its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 57**. An RSI of 57 is neutral.
- **Beta (1 yr): 0.28** (volatility 38%). Beta of 0.28 against the S&P/TSX Composite: the shares move much less than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=KXS.TO · Page: https://foliofundamentals.com/stocks/kxs.to

Not investment advice.