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Exclusive Networks SA (EXN.PA) Stock Fundamental Analysis

Europe - EPA:EXN - FR0014005DA7 - Common Stock

18.96 EUR
0 (0%)
Last: 2/28/2025, 7:00:00 PM
Fundamental Rating

4

Taking everything into account, EXN scores 4 out of 10 in our fundamental rating. EXN was compared to 74 industry peers in the IT Services industry. EXN has only an average score on both its financial health and profitability. EXN has a decent growth rate and is not valued too expensively.


Dividend Valuation Growth Profitability Health

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5

1. Profitability

1.1 Basic Checks

In the past year EXN was profitable.
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.
In the past 5 years EXN always reported a positive cash flow from operatings.
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.
Looking at the Return On Equity, with a value of 5.85%, EXN is in line with its industry, outperforming 42.67% of the companies in the same industry.
EXN has a Return On Invested Capital of 7.01%. This is comparable 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 11.84%.
The last Return On Invested Capital (7.01%) for EXN is above the 3 year average (3.62%), which is a sign of increasing profitability.
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 in line with its industry peers.
EXN's Profit Margin has improved in the last couple of years.
The Operating Margin of EXN (7.14%) is comparable to the rest of the industry.
In the last couple of years the Operating Margin of EXN has grown nicely.
Looking at the Gross Margin, with a value of 31.55%, EXN is doing worse than 68.00% of the companies in the same industry.
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

EXN has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
The number of shares outstanding for EXN has been reduced compared to 1 year ago.
EXN has less shares outstanding than it did 5 years ago.
The debt/assets ratio for EXN has been reduced compared to a year ago.
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.
EXN has a worse Altman-Z score (1.34) than 70.67% of its industry peers.
EXN has a debt to FCF ratio of 3.64. This is a good value and a sign of high solvency as EXN would need 3.64 years to pay back of all of its debts.
With a Debt to FCF ratio value of 3.64, EXN perfoms like the industry average, outperforming 54.67% of the companies in the same industry.
EXN has a Debt/Equity ratio of 0.57. This is a neutral value indicating EXN is somewhat dependend on debt financing.
With a Debt to Equity ratio value of 0.57, EXN perfoms like the industry average, 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.
EXN has a Current ratio (1.15) which 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.
The Quick ratio of EXN (1.04) 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.
EXN shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 186.43% yearly.
EXN shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -38.42%.
EXN shows a decrease in Revenue. Measured over the last years, the Revenue has been decreasing by -6.25% yearly.
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.
Based on estimates for the next years, EXN will show a quite strong growth in Revenue. The Revenue will grow by 8.79% on average per year.
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.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
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

EXN is valuated quite expensively with a Price/Earnings ratio of 30.58.
The rest of the industry has a similar Price/Earnings ratio as EXN.
EXN's Price/Earnings ratio indicates a similar valuation than the S&P500 average which is at 27.29.
A Price/Forward Earnings ratio of 12.65 indicates a correct valuation of EXN.
EXN's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. EXN is cheaper than 73.33% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 22.85. EXN is valued slightly cheaper when compared to this.
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

Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of EXN is on the same level as its industry peers.
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 EXN does not grow enough to justify the current Price/Earnings ratio.
EXN's earnings are expected to grow with 13.34% in the coming years. This may justify a more expensive valuation.
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 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