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Exclusive Networks SA (EXN.PA) Stock Fundamental Analysis

EPA:EXN - Euronext Paris - Matif - FR0014005DA7 - Common Stock - Currency: EUR

18.96  0 (0%)

Fundamental Rating

4

EXN gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 71 industry peers in the IT Services industry. Both the profitability and the financial health of EXN get a neutral evaluation. Nothing too spectacular is happening here. EXN is not valued too expensively and it also shows a decent growth rate.


Dividend Valuation Growth Profitability Health

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5

1. Profitability

1.1 Basic Checks

EXN had positive earnings in the past year.
In the past year EXN had a positive cash flow from operations.
The reported net income has been mixed in the past 5 years: EXN reported negative net income in multiple years.
Each year in the past 5 years EXN had a positive operating cash flow.
EXN.PA Yearly Net Income VS EBIT VS OCF VS FCFEXN.PA Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2018 2019 2020 2021 2022 2023 0 50M 100M 150M 200M

1.2 Ratios

The Return On Assets of EXN (1.67%) is comparable to the rest of the industry.
EXN has a Return On Equity of 5.85%. This is comparable to the rest of the industry: EXN outperforms 42.67% of its industry peers.
EXN's Return On Invested Capital of 7.01% is in line compared to the rest of the industry. EXN outperforms 49.33% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for EXN is significantly below the industry average of 10.64%.
The 3 year average ROIC (3.62%) for EXN is below the current ROIC(7.01%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 1.67%
ROE 5.85%
ROIC 7.01%
ROA(3y)0.63%
ROA(5y)0.26%
ROE(3y)2.27%
ROE(5y)0.96%
ROIC(3y)3.62%
ROIC(5y)2.69%
EXN.PA Yearly ROA, ROE, ROICEXN.PA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2018 2019 2020 2021 2022 2023 0 2 -2 4

1.3 Margins

EXN has a Profit Margin (2.50%) which is comparable to the rest of the industry.
In the last couple of years the Profit Margin of EXN has grown nicely.
EXN has a Operating Margin (7.14%) which is in line with its industry peers.
EXN's Operating Margin has improved in the last couple of years.
EXN's Gross Margin of 31.55% is on the low side compared to the rest of the industry. EXN is outperformed by 68.00% of its industry peers.
In the last couple of years the Gross Margin of EXN has grown nicely.
Industry RankSector Rank
OM 7.14%
PM (TTM) 2.5%
GM 31.55%
OM growth 3Y57.14%
OM growth 5YN/A
PM growth 3Y188.68%
PM growth 5YN/A
GM growth 3Y30.27%
GM growth 5YN/A
EXN.PA Yearly Profit, Operating, Gross MarginsEXN.PA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2018 2019 2020 2021 2022 2023 0 10 20 30

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4

2. Health

2.1 Basic Checks

The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so EXN is still creating some value.
Compared to 1 year ago, EXN has less shares outstanding
Compared to 5 years ago, EXN has less shares outstanding
Compared to 1 year ago, EXN has an improved debt to assets ratio.
EXN.PA Yearly Shares OutstandingEXN.PA Yearly Shares OutstandingYearly Shares Outstanding 2018 2019 2020 2021 2022 2023 20M 40M 60M 80M
EXN.PA Yearly Total Debt VS Total AssetsEXN.PA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2018 2019 2020 2021 2022 2023 1B 2B 3B

2.2 Solvency

EXN has an Altman-Z score of 1.34. This is a bad value and indicates that EXN is not financially healthy and even has some risk of bankruptcy.
The Altman-Z score of EXN (1.34) is worse than 70.67% of its industry peers.
The Debt to FCF ratio of EXN is 3.64, which is a good value as it means it would take EXN, 3.64 years of fcf income to pay off all of its debts.
EXN has a Debt to FCF ratio (3.64) which is comparable to the rest of the industry.
EXN has a Debt/Equity ratio of 0.57. This is a neutral value indicating EXN is somewhat dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.57, EXN is in line with its industry, outperforming 46.67% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.57
Debt/FCF 3.64
Altman-Z 1.34
ROIC/WACC1
WACC6.98%
EXN.PA Yearly LT Debt VS Equity VS FCFEXN.PA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2018 2019 2020 2021 2022 2023 200M 400M 600M 800M

2.3 Liquidity

EXN has a Current Ratio of 1.15. This is a normal value and indicates that EXN is financially healthy and should not expect problems in meeting its short term obligations.
The Current ratio of EXN (1.15) is comparable to the rest of the industry.
EXN has a Quick Ratio of 1.04. This is a normal value and indicates that EXN is financially healthy and should not expect problems in meeting its short term obligations.
EXN has a Quick ratio (1.04) which is comparable to the rest of the industry.
Industry RankSector Rank
Current Ratio 1.15
Quick Ratio 1.04
EXN.PA Yearly Current Assets VS Current LiabilitesEXN.PA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2018 2019 2020 2021 2022 2023 500M 1B 1.5B

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5

3. Growth

3.1 Past

EXN shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 32.85%, which is quite impressive.
Measured over the past years, EXN shows a very strong growth in Earnings Per Share. The EPS has been growing by 186.43% on average per year.
The Revenue for EXN has decreased by -38.42% in the past year. This is quite bad
The Revenue has been decreasing by -6.25% on average over the past years.
EPS 1Y (TTM)32.85%
EPS 3Y186.43%
EPS 5YN/A
EPS Q2Q%-14.22%
Revenue 1Y (TTM)-38.42%
Revenue growth 3Y-6.24%
Revenue growth 5YN/A
Sales Q2Q%-59.29%

3.2 Future

The Earnings Per Share is expected to grow by 18.84% on average over the next years. This is quite good.
The Revenue is expected to grow by 8.79% on average over the next years. This is quite good.
EPS Next Y8.89%
EPS Next 2Y14.97%
EPS Next 3Y13.34%
EPS Next 5Y18.84%
Revenue Next Year-59.57%
Revenue Next 2Y-31.87%
Revenue Next 3Y-19.47%
Revenue Next 5Y8.79%

3.3 Evolution

Although the future EPS growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
EXN.PA Yearly Revenue VS EstimatesEXN.PA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2B 4B 6B
EXN.PA Yearly EPS VS EstimatesEXN.PA Yearly EPS VS EstimatesYearly EPS VS Estimates 2021 2022 2023 2024 2025 2026 2027 0.5 1 1.5 2

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4

4. Valuation

4.1 Price/Earnings Ratio

With a Price/Earnings ratio of 30.58, EXN can be considered very expensive at the moment.
EXN's Price/Earnings is on the same level as the industry average.
Compared to an average S&P500 Price/Earnings ratio of 27.45, EXN is valued at the same level.
The Price/Forward Earnings ratio is 12.65, which indicates a correct valuation of EXN.
73.33% of the companies in the same industry are more expensive than EXN, based on the Price/Forward Earnings ratio.
When comparing the Price/Forward Earnings ratio of EXN to the average of the S&P500 Index (21.90), we can say EXN is valued slightly cheaper.
Industry RankSector Rank
PE 30.58
Fwd PE 12.65
EXN.PA Price Earnings VS Forward Price EarningsEXN.PA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

EXN's Enterprise Value to EBITDA is on the same level as the industry average.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of EXN indicates a somewhat cheap valuation: EXN is cheaper than 61.33% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 11.07
EV/EBITDA 8.03
EXN.PA Per share dataEXN.PA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 5 10 15 20

4.3 Compensation for Growth

The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
A more expensive valuation may be justified as EXN's earnings are expected to grow with 13.34% in the coming years.
PEG (NY)3.44
PEG (5Y)N/A
EPS Next 2Y14.97%
EPS Next 3Y13.34%

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0

5. Dividend

5.1 Amount

EXN does not give a dividend.
Industry RankSector Rank
Dividend Yield N/A

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Exclusive Networks SA

EPA:EXN (2/28/2025, 7:00:00 PM)

18.96

0 (0%)

Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSoftware & Services
GICS IndustryIT Services
Earnings (Last)11-04 2024-11-04
Earnings (Next)03-25 2025-03-25/amc
Inst Owners15.66%
Inst Owner ChangeN/A
Ins Owners9.72%
Ins Owner ChangeN/A
Market Cap1.74B
Analysts73.33
Price Target23 (21.31%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly Dividend0.01
Dividend Growth(5Y)N/A
DP0%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)-1.78%
PT rev (3m)-11.28%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)-4.64%
EPS NY rev (3m)-7.55%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0.54%
Revenue NY rev (3m)1.52%
Valuation
Industry RankSector Rank
PE 30.58
Fwd PE 12.65
P/S 0.76
P/FCF 11.07
P/OCF 10.6
P/B 1.78
P/tB N/A
EV/EBITDA 8.03
EPS(TTM)0.62
EY3.27%
EPS(NY)1.5
Fwd EY7.9%
FCF(TTM)1.71
FCFY9.03%
OCF(TTM)1.79
OCFY9.44%
SpS24.89
BVpS10.64
TBVpS-4.87
PEG (NY)3.44
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA 1.67%
ROE 5.85%
ROCE 9.38%
ROIC 7.01%
ROICexc 8.65%
ROICexgc 294.46%
OM 7.14%
PM (TTM) 2.5%
GM 31.55%
FCFM 6.88%
ROA(3y)0.63%
ROA(5y)0.26%
ROE(3y)2.27%
ROE(5y)0.96%
ROIC(3y)3.62%
ROIC(5y)2.69%
ROICexc(3y)4.35%
ROICexc(5y)3.18%
ROICexgc(3y)75.94%
ROICexgc(5y)52.32%
ROCE(3y)4.82%
ROCE(5y)3.59%
ROICexcg growth 3Y90.43%
ROICexcg growth 5YN/A
ROICexc growth 3Y53.08%
ROICexc growth 5YN/A
OM growth 3Y57.14%
OM growth 5YN/A
PM growth 3Y188.68%
PM growth 5YN/A
GM growth 3Y30.27%
GM growth 5YN/A
F-Score7
Asset Turnover0.67
Health
Industry RankSector Rank
Debt/Equity 0.57
Debt/FCF 3.64
Debt/EBITDA 2.34
Cap/Depr 9.72%
Cap/Sales 0.31%
Interest Coverage 5.82
Cash Conversion 69.79%
Profit Quality 275.44%
Current Ratio 1.15
Quick Ratio 1.04
Altman-Z 1.34
F-Score7
WACC6.98%
ROIC/WACC1
Cap/Depr(3y)8.19%
Cap/Depr(5y)6.85%
Cap/Sales(3y)0.27%
Cap/Sales(5y)0.23%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)32.85%
EPS 3Y186.43%
EPS 5YN/A
EPS Q2Q%-14.22%
EPS Next Y8.89%
EPS Next 2Y14.97%
EPS Next 3Y13.34%
EPS Next 5Y18.84%
Revenue 1Y (TTM)-38.42%
Revenue growth 3Y-6.24%
Revenue growth 5YN/A
Sales Q2Q%-59.29%
Revenue Next Year-59.57%
Revenue Next 2Y-31.87%
Revenue Next 3Y-19.47%
Revenue Next 5Y8.79%
EBIT growth 1Y61.39%
EBIT growth 3Y47.33%
EBIT growth 5YN/A
EBIT Next Year34.16%
EBIT Next 3Y18.63%
EBIT Next 5YN/A
FCF growth 1Y7.74%
FCF growth 3Y19.55%
FCF growth 5YN/A
OCF growth 1Y9.71%
OCF growth 3Y20.38%
OCF growth 5YN/A