Idox plc (IDOX) AI Stock Analysis

• Market Cap: £259.91M
• Dividend Yield: 1.05%
• Average Volume (3M): 855.81K
• Price to Earnings (P/E): 49.1
• Beta (1Y): 0.34
• Revenue Growth: 19.55%
• EPS Growth: -6.45%
• Country: UK
• Employees: 682
• Sector: Technology
• Sector Strength: 40
• Industry: Software - Application
• EPS (TTM): 0.01
• Shares Outstanding: 461,682,040
• 10 Day Avg. Volume: 461,670
• 30 Day Avg. Volume: 855,809
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): 3.11
• Price to Cash Flow (P/CF): 89.70
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: 85.50p
• Price Target Upside: 50.00% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2

Idox plc shows a strong financial foundation and has been proactive in strategic corporate actions, which enhance its growth prospects. Despite this, the stock's technical indicators point to potential challenges in the short term, and it seems overvalued from a P/E perspective. These factors balance out to a moderate overall score, reflecting a stable but cautious outlook.

Idox plc Business Overview & Revenue Model

Company Description

Idox plc (IDOX) is a UK-based company that provides software solutions and services primarily for the public sector and other regulated markets. The company specializes in delivering information management solutions that facilitate the digital transformation of its clients' operations. Idox's core offerings include software for planning, building control, local authority administration, and electoral management, among others.

How the Company Makes Money

Idox plc generates its revenue through the sale of software licenses, software as a service (SaaS) subscriptions, and associated support and maintenance services. The company also offers consultancy and managed services, which contribute to its earnings. Key revenue streams include recurring revenues from SaaS and support contracts, one-time fees from software licensing, and professional services fees. Idox's partnerships with local governments, public sector organizations, and private enterprises are significant factors contributing to its revenue. Additionally, the company's focus on sectors such as planning, environment, and infrastructure supports its financial performance by providing tailored solutions that meet regulatory requirements.

Idox plc Financial Statement Overview

Summary

Idox plc exhibits strong financial performance with impressive revenue growth and efficient cost management. The balance sheet remains solid with prudent leverage levels, although attention to rising debt is advised. Cash flows are healthy, supporting operational and strategic needs. Overall, the financials suggest a stable yet dynamic company with room for improvement in profitability metrics.

Income Statement

Idox plc has demonstrated strong revenue growth with a consistent upward trajectory over the years, as indicated by a 19.6% increase in the latest annual report. The company maintains healthy gross profit margins around 70%, showcasing efficiency in cost management. However, net profit margins have been relatively modest, highlighting potential areas for improvement in controlling non-operating expenses.

Balance Sheet

The balance sheet reflects a stable financial position with a moderate debt-to-equity ratio of 0.30. The equity ratio of 53.4% indicates a well-capitalized structure. However, the company should be cautious of rising debt levels, which could impact future leverage and financial flexibility if not managed effectively.

Cash Flow

Operating cash flow has been robust, consistently exceeding net income, which is a positive indicator of cash generation efficiency. Free cash flow has shown growth, albeit at a slower pace recently. While the free cash flow to net income ratio is commendable, maintaining this trend is key to sustaining financial health.

Breakdown
TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
80.64M	87.60M	73.28M	66.18M	62.19M	68.02M
	Gross Profit
61.52M	63.08M	57.24M	51.13M	45.05M	49.21M
	EBIT
10.59M	10.01M	9.34M	8.66M	7.64M	4.92M
	EBITDA
22.51M	22.04M	20.31M	18.90M	18.54M	14.11M
	Net Income Common Stockholders
5.50M	5.26M	5.58M	5.04M	6.03M	1.28M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
7.02M	11.66M	14.82M	13.86M	18.28M	30.81M
	Total Assets
115.88M	146.48M	151.47M	130.03M	133.57M	138.32M
	Total Debt
33.39M	23.51M	30.68M	22.34M	28.87M	50.78M
	Net Debt
26.37M	11.85M	15.85M	8.47M	10.58M	19.97M
	Total Liabilities
71.26M	68.20M	78.20M	62.61M	72.76M	91.36M
	Stockholders Equity
44.72M	78.28M	73.28M	67.42M	60.81M	46.96M
Cash Flow		Free Cash Flow
8.37M	12.44M	10.08M	8.09M	10.81M	14.42M
	Operating Cash Flow
17.40M	21.11M	18.60M	15.65M	16.55M	21.35M
	Investing Cash Flow
-22.34M	-11.00M	-22.55M	-9.84M	-5.54M	-7.12M
	Financing Cash Flow
-1.07M	-13.63M	4.71M	-10.62M	-23.08M	9.46M

Idox plc Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 57.00
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:IDOX, the sentiment is Negative. The current price of 57 is below the 20-day moving average (MA) of 57.42, below the 50-day MA of 58.32, and below the 200-day MA of 60.12, indicating a bearish trend. The MACD of -0.28 indicates Negative momentum. The RSI at 46.81 is Neutral, neither overbought nor oversold. The STOCH value of 55.56 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GB:IDOX.

Idox plc Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
RMV	77 Outperform	£5.13B	27.06	256.58%	1.42%	7.02%	-0.37%
IDOX	69 Neutral	£259.91M	49.14	6.94%	1.05%	19.55%	-6.45%
SXS	61 Neutral	£2.03B	8.79	17.33%	3.93%	-11.09%	65.87%
Sector *	57 Neutral	$18.54B	9.84	-14.38%	2.71%	5.07%	-23.65%

Idox plc Corporate Events

Idox plc Reports Strong Start to FY25 with Positive Trading Update

Idox plc has reported a positive start to the current financial year, with trading aligning with the Board’s expectations for increased revenue and adjusted EBITDA, alongside a reduction in net debt for FY25. The company has secured new contracts and extensions across all business areas, bolstering confidence in future growth. The firm’s strong financial resources position it well for potential acquisitions, while its focus on high-quality recurring revenue and repeatable services supports its growth strategy amidst economic uncertainties.

Idox plc Announces Change in Major Holdings

Idox plc has announced a change in its major holdings, with Canaccord Genuity Group Inc., a financial services company based in Vancouver, Canada, increasing its voting rights in Idox to 11.0188% from a previous 10.9942%. This change in holdings reflects an acquisition or disposal of voting rights by Canaccord Genuity Group Inc. The notification indicates a slight increase in Canaccord’s influence over Idox, which could have implications for the company’s strategic decisions and stakeholder interests.

Idox plc Establishes Employee Benefit Trust and Issues Shares

Idox plc has established an Employee Benefit Trust (EBT) to support its long-term incentive plans by issuing 1,500,000 ordinary shares to be used for employee share options and awards. This move is expected to enhance employee engagement and align their interests with the company’s goals, potentially impacting the company’s operational dynamics and stakeholder relations.

Idox plc Announces Change in Major Shareholder Voting Rights

Idox plc, a company involved in the provision of software and services, has announced a change in the voting rights held by Canaccord Genuity Group Inc. The notification indicates that Canaccord Genuity Group Inc., based in Vancouver, Canada, has adjusted its voting rights in Idox plc to 10.9942%, down from a previous position of 11.1624%. This adjustment in holdings could influence the company’s shareholder dynamics and potentially impact its strategic decisions.

Octopus Investments Increases Stake in Idox plc

Idox plc has announced a change in its major shareholders, with Octopus Investments Limited increasing its voting rights to 16.43% from a previous 15.74%. This acquisition of voting rights by Octopus Investments Limited signifies a strengthened influence in the company, potentially impacting its strategic decisions and signaling confidence in Idox’s market positioning.

Idox plc Announces Annual Report and AGM Details

Idox plc has announced the posting of its Annual Report and Accounts for the financial year ending 31 October 2024, along with the notice for its Annual General Meeting scheduled for 31 March 2025. This announcement underscores Idox’s commitment to transparency and stakeholder engagement, potentially impacting its operational strategies and market positioning.

Octopus Investments Increases Stake in Idox plc

Idox plc has announced a change in the voting rights held by Octopus Investments Limited, which has increased its shareholding to 15.74% from a previous 14.63%. This acquisition of voting rights signifies a strengthened position for Octopus Investments within Idox, potentially impacting the company’s governance and strategic decisions.

Octopus Investments Increases Stake in Idox plc

Idox plc has announced that Octopus Investments Limited has acquired a significant increase in voting rights, reaching 14.63% from a previous 13.12%. This acquisition indicates a strengthened position for Octopus Investments within Idox, potentially impacting the company’s decision-making processes and shareholder influence.

Idox plc Announces Change in Major Shareholding

Idox plc, a company involved in software and services, reported a change in major shareholding. Lombard Odier Asset Management (Europe) Limited has reduced its voting rights from 5.00% to 4.36%, impacting the company’s shareholder structure. This shift may have implications for the company’s control dynamics and influence within its industry.

Idox plc Corrects Final Dividend Payment Date for FY24

Idox plc is correcting the payment date of its final dividend for FY24, originally reported as 18 April 2025, now confirmed to be 17 April 2025. This adjustment follows the board’s proposal for an increased final dividend, reflecting the company’s strong financial position and growth opportunities, with all other details remaining unchanged.

Idox plc Strengthens Board with New Senior Independent Director

Idox plc has announced the appointment of Alice Cummings as Senior Independent Director, effective from 7 February 2025. This strategic appointment is expected to enhance the company’s governance structure, potentially strengthening its position within its industry and providing valuable oversight to stakeholders.

Idox plc Achieves Strong Financial Growth in FY24

Idox plc reported a strong financial performance for the fiscal year ending October 31, 2024, with a 20% growth in revenue driven by the Land, Property & Public Protection division. The company saw an increase in recurring revenue and adjusted EBITDA, alongside a significant improvement in cash generation. With a strategic focus on acquisitions and enhanced geospatial capabilities, Idox is well-positioned for future growth opportunities. The company also made significant board appointments to bolster its operational and strategic capabilities.

Idox plc to Announce Final Results for FY 2024

Idox plc has announced that its final results for the fiscal year ending on 31 October 2024 will be released on 28 January 2025. A webinar discussing the results will be hosted by the company’s CEO and CFO on the same day, indicating the company’s commitment to transparency and stakeholder engagement.