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GenusPlus Group Ltd.
(Sydney:GNP)
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Rating:69Neutral
Price Target:
AU$10.50
â–˛(30.92% Upside)
Action:Downgraded
Date:07/09/26
The score is driven primarily by strong financial performance (growth, profitability improvement, and robust free cash flow) and a constructive earnings update (record results, strong cash conversion, and a large pipeline). Offsetting these strengths are weak near-term technicals (price below key moving averages with low RSI/Stoch momentum) and a relatively expensive valuation (P/E 36.3 with a low dividend yield).
Positive Factors
Record financial performance
Sustained top-line expansion and simultaneous EBITDA and cash flow records indicate scalable execution and demand across segments. This durable operational momentum supports reinvestment, backlog conversion and builds confidence in multi-period revenue growth beyond a single reporting cycle.
Negative Factors
Low infrastructure margins
Modest EBIT margins on core infrastructure work constrain overall profitability and leave limited buffer for cost overruns or input-cost inflation on long-duration projects. Sustaining margin improvement is critical for durable ROE and to justify ongoing CapEx and bid competitiveness.
Read all positive and negative factors
Positive Factors
Negative Factors
Record financial performance
Sustained top-line expansion and simultaneous EBITDA and cash flow records indicate scalable execution and demand across segments. This durable operational momentum supports reinvestment, backlog conversion and builds confidence in multi-period revenue growth beyond a single reporting cycle.
Read all positive factors
GenusPlus Group Ltd. (GNP) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$1.91B
Dividend Yield0.57%
Average Volume (3M)266.49K
Price to Earnings (P/E)36.1
Beta (1Y)1.12
Revenue Growth50.42%
EPS Growth92.71%
CountryAU
Employees1,059
SectorIndustrials
Sector Strength72
IndustryEngineering & Construction
Share Statistics
EPS (TTM)0.26
Shares Outstanding203,147,260
10 Day Avg. Volume234,978
30 Day Avg. Volume266,494
Financial Highlights & Ratios
PEG Ratio0.25
Price to Book (P/B)4.58
Price to Sales (P/S)0.97
P/FCF Ratio6.79
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$12.57Price Target Upside56.67% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)0.45
Revenue Forecast (FY)AU$1.64B
GenusPlus Group Ltd. Business Overview & Revenue Model
Company Description
GenusPlus Group Limited is an Australian company focused on the construction, installation, and upkeep of power and communication networks. The firm operates through three distinct divisions: Power Services, Telecommunications, and Industrial Serv...
How the Company Makes Money
GNP makes money primarily by contracting to deliver engineering, construction, and maintenance services for infrastructure owners (such as electricity network operators and other entities requiring energy and communications infrastructure). Revenu...
GenusPlus Group Ltd. Earnings Call Summary
Earnings Call Date:Feb 22, 2026
(Q2-2026)
| Next Earnings Date:Sep 02, 2026
Earnings Call Sentiment Positive
The call presents a broadly positive operational and financial picture: record revenue (+60% y/y), record EBITDA and NPAT, strong cash generation and conversion, a deep tender pipeline (~$2.6bn) and major contract wins including a $1.6bn JV. Segment performance shows solid growth and successful integration of acquisitions, and the services business has returned to sustained profitability. Key risks and weaknesses highlighted include modest infrastructure margins (5.2%), safety metrics above target, legacy acquisition/legal costs, skills/apprentice shortfalls, and timing uncertainty for some large project revenues. Overall, the positive growth, cash strength, and pipeline substantially outweigh the negatives.Positive Updates
Record Group Financials
Revenue of $535 million (record), up 60% on the prior corresponding period; record EBITDA of $46.3 million; record statutory NPAT of $24.9 million; strong operating cash flow of $91 million and cash conversion of 199%.
Negative Updates
Margins Under Pressure on Large Infrastructure Projects
Infrastructure EBIT margin at 5.2% (despite 54% EBIT growth) with management indicating room for margin improvement; large projects targeted around 5% EBIT and other infrastructure nearer 8% — margins remain modest relative to scale.
Read all updates
Q2-2026 Updates
Positive
Negative
Record Group Financials
Revenue of $535 million (record), up 60% on the prior corresponding period; record EBITDA of $46.3 million; record statutory NPAT of $24.9 million; strong operating cash flow of $91 million and cash conversion of 199%.
Read all positive updates
Company Guidance
Management guided that after a record HY26 result — revenue $535m (up 60% on PCP), EBITDA $46.3m and statutory NPAT $24.9m — the business enters FY26 with a $2.6bn tendered pipeline and growing order book, $178m cash (net cash $127m with $22m restricted), a $429m syndicated facility providing ~$278m headroom at December, and a fully‑franked interim dividend of $0.02; segment metrics include Infrastructure revenue $345m (5.2% EBIT; Genus target 4–8% EBIT and c.5%+ on large projects), Energy & Engineering revenue $151m (EBITDA $10.9m) and Services delivering EBITDA margins in the teens. Cash flow was strong at $91m (199% cash conversion), YTD CapEx $34m with guidance of $40–45m for the year, acquisition amortisation $1.1m, injury rate 3.5 (target <3), and management said major construction volumes are more likely to contribute in FY27 while remaining active on M&A.GenusPlus Group Ltd. Financial Statement Overview
Summary
Income Statement
85
Very Positive
Balance Sheet
78
Positive
Cash Flow
82
Very Positive
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 953.81M | 751.27M | 551.19M | 444.18M | 451.15M | 318.21M |
| Gross Profit | 379.98M | 578.05M | 400.06M | 43.54M | 311.85M | 221.55M |
| EBITDA | 79.88M | 56.98M | 43.11M | 32.50M | 32.54M | 27.28M |
| Net Income | 46.55M | 35.37M | 19.26M | 13.41M | 13.56M | 13.35M |
Balance Sheet | ||||||
| Total Assets | 585.86M | 470.97M | 288.15M | 227.42M | 231.98M | 155.56M |
| Cash, Cash Equivalents and Short-Term Investments | 200.55M | 94.32M | 100.97M | 46.74M | 27.88M | 34.18M |
| Total Debt | 105.14M | 51.74M | 29.25M | 27.73M | 27.17M | 19.88M |
| Total Liabilities | 404.49M | 311.19M | 166.98M | 122.44M | 138.56M | 97.85M |
| Stockholders Equity | 181.37M | 159.78M | 121.17M | 104.98M | 93.42M | 57.71M |
Cash Flow | ||||||
| Free Cash Flow | 151.93M | 107.82M | 68.90M | 32.09M | 6.60M | -4.30M |
| Operating Cash Flow | 170.04M | 120.93M | 82.84M | 37.79M | 11.47M | 6.99M |
| Investing Cash Flow | -60.74M | -46.36M | -15.82M | -7.31M | -24.25M | -12.42M |
| Financing Cash Flow | -21.92M | -14.72M | -12.79M | -11.48M | 6.33M | -189.08K |
GenusPlus Group Ltd. Technical Analysis
Neutral
8.02
Price Trends
9.97
Negative
8.95
Positive
7.72
Positive
Market Momentum
-0.09
Positive
38.45
Neutral
20.11
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:GNP, the sentiment is Neutral. The current price of 8.02 is below the 20-day moving average (MA) of 10.23, below the 50-day MA of 9.97, and above the 200-day MA of 7.72, indicating a neutral trend. The MACD of -0.09 indicates Positive momentum. The RSI at 38.45 is Neutral, neither overbought nor oversold. The STOCH value of 20.11 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for AU:GNP.
GenusPlus Group Ltd. Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | AU$824.20M | 27.82 | 42.55% | 5.24% | -16.50% | -24.00% | |
72 Outperform | AU$744.85M | 20.75 | 22.89% | 2.51% | 1.87% | -23.48% | |
69 Neutral | AU$1.91B | 36.12 | 27.29% | 0.57% | 50.42% | 92.71% | |
69 Neutral | AU$922.42M | 24.21 | 5.61% | 4.17% | -34.08% | -36.57% | |
64 Neutral | AU$3.27B | 66.23 | 7.79% | 3.20% | 14.40% | -57.82% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
62 Neutral | AU$2.85B | 26.46 | 20.27% | 2.65% | 26.80% | 40.18% |
* Industrials Sector Average
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GenusPlus Group Ltd. Corporate Events
GenusPlus Denies Involvement in Telstra Network Outage After Bloomberg Report
Jul 8, 2026
GenusPlus Group moved to clarify its position after a Bloomberg report linked the company to connection issues during a major Telstra outage in Australia. The infrastructure contractor stated it has not been involved with, nor contributed in any w...
GenusPlus Director Paul Gavazzi Cuts Indirect Shareholding
Jul 7, 2026
GenusPlus Group Ltd. has reported a change in the shareholding interests of director Paul Vincent Gavazzi, reflecting a reduction in his indirect stake held via Gavazzi Super Pty Limited . The notice, lodged under ASX listing rule requirements, de...
GenusPlus Completes MPC Kinetic Deal to Broaden Energy Infrastructure Reach
Jul 1, 2026
GenusPlus Group Ltd, an Australian provider of essential power, rail and communications infrastructure services, operates across the resources, energy, utilities, rail and communications sectors. Its integrated offering spans construction, mainten...
GenusPlus Shares from Institutional Placement Cleared for Immediate Trading
May 24, 2026
GenusPlus Group Ltd has issued 21,621,622 new fully paid shares at $9.25 each to professional and sophisticated investors under an institutional placement. The company has lodged the required notice under section 708A of the Corporations Act, allo...
GenusPlus seeks ASX quotation for 21.6 million new shares
May 22, 2026
GenusPlus Group Ltd has applied to the ASX for quotation of 21,621,622 ordinary fully paid shares, with the securities expected to be issued on 25 May 2026. The new shares arise from transactions previously flagged to the market, expanding the com...
GenusPlus Advances Toward NWTD Construction as TasNetworks Reaches Financial Close
May 8, 2026
GenusPlus Group says TasNetworks has achieved financial close for Stage 1 of the North West Transmission Developments project, a key step that allows the venture to progress toward construction. Genus has already completed early contractor works, ...
GenusPlus advances early works on TasNetworks’ North West transmission project
Apr 27, 2026
GenusPlus Group Ltd, a national essential power and communications infrastructure provider, focuses on designing, constructing and maintaining transmission and distribution assets, substations, battery systems and integrated communications network...
GenusPlus Wins $110m Contract for Major Koolunga Battery Storage Project
Apr 24, 2026
GenusPlus Group Ltd, a national provider of essential power and communications infrastructure across Australia, focuses on designing, building and maintaining transmission and distribution networks, substations and battery systems. It also deliver...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.