Kinaxis Inc. (KXS.TO) Valuation — DCF, Graham & Comparables

Kinaxis Inc. (KXS.TO) — Price 193.50 CAD (closing price, November 2, 2026) — Technology — Software - Application — TSX

Latest reported results:

Valuation dashboard for Kinaxis Inc. (KXS.TO) with P/E 44.22, P/B 9.47, EV/EBITDA 25.1 and dividend yield 0.00%. DCF, Graham Number, EPS growth, peer multiples and dividend discount models plus sector comparison against other Technology companies.

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) solution encompassing capabilities for advanced planning, integrated sales and operations planning (S&OP), precise supply and demand forecasting, efficient inventory management, and a centralized command and control center.

What would it be worth at its usual multiples?

Versus its usual multiples: expensive · Current P/E 44.2× · Multiples range: 137.84 CAD · 137.84 CAD.

At its sector median (31.5×) 138 CAD (-29 %). Implied price from applying the reference multiples to today's earnings (or book value, or FFO) per share. Not a fair value: it is where the stock would trade at its usual multiples.

Analysis Summary

Kinaxis Inc. reported revenue of $557.6M in the most recent fiscal year, growing at a 5-year CAGR of 20.0%. Net income reached $71.9M, with a 39.3% 5-year CAGR.

Trailing-twelve-month margins: gross margin 63.2%, operating margin 17.8%, net margin 14.4%.

At 193.50 CAD (closing price, November 2, 2026), KXS.TO trades at a P/E of 44.22 and an ROE of 20.88%. Market capitalisation stands at CAD 5.3B.

Balance sheet quality for KXS.TO: debt-to-equity ratio of 0.11, current ratio of 1.88 over the last 12 months. A debt-to-equity below 1.0 typically signals conservative capital structure, while a current ratio above 1.5 indicates comfortable short-term liquidity.

Valuation Ratios

P/E Ratio44.22
Price / Book9.47
EV / EBITDA25.1
Dividend Yield0.00%

Peer Comparison

SymbolCompanyMarket CapP/EP/BROE
KXS.TOKinaxis Inc.CAD 5.3B44.229.4720.9%
DSG.TOThe Descartes Systems Group Inc.CAD 10.9B41.734.7611.7%
SHOP.TOShopify Inc.CAD 282.4B104.3915.8815.1%
SAPSAP SE$272.2B29.625.2617.8%
0VHA.LShopify Inc.$219.9B113.2117.2215.1%
SHOPShopify Inc.$202.7B104.8515.9515.1%
CRMSalesforce, Inc.$186.1B20.644.8320.2%
0L5N.LServiceNow, Inc.$157.1B98.7313.1213.8%

Price

Price193.50 CAD (closing price, November 2, 2026)
Market CapCAD 5.3B
ExchangeTSX
CountryCA

Profitability

Return on Equity20.88%
Return on Invested Capital17.27%
Return on Assets12.33%
Gross Margin63.23%
Operating Margin17.81%
Net Margin14.40%

Related companies: DSG.TO · SHOP.TO · SAP · 0VHA.L · SHOP · CRM · 0L5N.L · UBER

Explore sector: Technology · Software - Application

More sections of KXS.TO: Overview · Financials · Statistics · Estimates · Technical · Ownership · News · Events

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