Wallix Group SA (ALLIX) AI Stock Analysis

• Market Cap: €183.47M
• Dividend Yield: N/A
• Average Volume (3M): 16.49K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.80
• Revenue Growth: 17.72%
• EPS Growth: 79.71%
• Country: FR
• Employees: 212
• Sector: Technology
• Sector Strength: 88
• Industry: Software - Infrastructure
• EPS (TTM): -0.47
• Shares Outstanding: 6,743,070
• 10 Day Avg. Volume: 15,834
• 30 Day Avg. Volume: 16,493
• PEG Ratio: 0.30
• Price to Book (P/B): 6.61
• Price to Sales (P/S): 1.91
• P/FCF Ratio: -13.32
• 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: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): 0.05
• Revenue Forecast (FY): €35.71M

• Rating: 53 Neutral
• Price Target: €28.00 ▲(8.53% Upside)

Wallix Group SA's overall stock score is primarily influenced by its financial performance, which shows growth but is hindered by profitability and leverage challenges. Technical analysis indicates a lack of strong momentum, and valuation metrics are weak due to negative earnings. The absence of earnings call data and corporate events means these factors do not impact the score.

Positive Factors

Sustained Revenue Growth

Consistent double-digit revenue growth demonstrates expanding customer adoption of Wallix's PAM offerings. Over 2-6 months this supports scaling of subscription revenues, improves operating leverage potential, and gives management room to invest in product and market expansion toward sustainable profitability.

Recurring and Diversified Revenue Model

A subscription-heavy model with maintenance and professional services creates predictable recurring revenue and multiple monetization paths. This increases customer stickiness, smooths cash inflows, and enables cross-sell/upsell opportunities that support durable margin improvement and long-term revenue visibility.

Improving Operating Cash Flow and Liquidity

Positive operating cash flow and liquidity exceeding debt reduce short-term refinancing risk and give flexibility to fund product development or M&A. Over months this strengthens financial resilience while management works to convert top-line growth into sustained free cash generation.

Negative Factors

High Financial Leverage

Elevated leverage raises interest and refinancing risk, constraining capital allocation for R&D and sales. Over the medium term this can limit strategic flexibility, force tighter cash management, and increase vulnerability to adverse macro or sector-specific shocks.

Negative Profitability Metrics

Persistent operating and net losses indicate Wallix has yet to achieve sustainable profitability. Continued negative margins risk diluting returns on growth investments and may necessitate prolonged external funding, slowing margin recovery and shareholder value creation over months.

Negative Free Cash Flow and Cash Conversion Issues

Negative free cash flow shows the company still struggles to convert revenue into discretionary cash. This can pressure balance sheet resources, force funding rounds or reduced investment, and hamper long-term execution of product roadmaps and commercial expansion until conversion improves.

Wallix Group SA Business Overview & Revenue Model

Company Description

Wallix Group SA, a software company, provides cyber security solutions worldwide. It offers session manager, which provides solution to manage, control, and audit access to network assets with security posture; password manager that enables IT leaders to easily control and manage their passwords, secrets and credentials; access manager, that enables secure remote access for IT administrators and external providers to connect safely from anywhere with secure-by-design capabilities; privilege elevation and delegation management, provides least privilege control over access rights to sensitive IT resources; and application-to-application password manager, enables DevOps to access critical resources without ever knowing the credentials. The company also provides endpoint privilege management, identify access management, and multi-factor authentication services; and digital transformation, audit and compliance, remote access management, cyber security risk management, and securing IT-OT convergence solutions. It serves clients through resellers and integrators. WALLIX GROUP SA was founded in 2003 and is headquartered in Paris, France.

How the Company Makes Money

Wallix generates revenue primarily through the sale of its software solutions, which are offered on a subscription basis and through licensing agreements. The company has a diversified revenue model that includes recurring revenue from maintenance and support services, as well as professional services such as consulting and implementation. Significant partnerships with other technology firms enhance its offering and market reach, contributing to its earnings. Additionally, Wallix benefits from growing demand for cybersecurity solutions, driven by increasing regulatory requirements and the rising threat of cyberattacks.

Wallix Group SA Financial Statement Overview

Summary

Wallix Group SA shows revenue growth and improved cost management, but faces profitability challenges with negative EBIT and net income margins. The balance sheet indicates high leverage, though liquidity is strong. Cash flow improvements are promising, but overall profitability and leverage risks remain.

Income Statement

Wallix Group SA shows a positive revenue growth with a significant increase from 2023 to 2024. However, the company faces ongoing profitability challenges, with negative EBIT and net income margins. The company has been improving its gross profit margin, indicating better cost management.

Balance Sheet

The balance sheet reflects a high debt-to-equity ratio, suggesting elevated financial leverage. Stockholders' equity has declined, impacting the equity ratio. The company maintains strong liquidity, as indicated by cash reserves exceeding total debt.

Cash Flow

Despite reporting negative free cash flow, Wallix's operating cash flow turned positive in 2024, a noteworthy improvement. The cash flow to net income ratios indicate cash generation challenges relative to reported net losses.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	36.95M	34.09M	30.18M	25.18M	23.17M	20.12M
Gross Profit	-3.51M	18.03M	5.33M	4.85M	1.88M	2.76M
EBITDA	3.08M	-279.00K	-4.47M	-2.75M	1.04M	-4.00M
Net Income	-1.80M	-4.29M	-8.53M	-6.00M	-2.95M	-7.32M
Balance Sheet
Total Assets	50.83M	54.21M	58.47M	51.07M	52.55M	52.94M
Cash, Cash Equivalents and Short-Term Investments	9.43M	11.17M	17.63M	13.55M	22.72M	23.21M
Total Debt	8.13M	8.28M	8.95M	1.96M	2.65M	3.83M
Total Liabilities	43.49M	44.38M	43.34M	33.57M	29.94M	27.63M
Stockholders Equity	6.74M	9.83M	15.13M	17.50M	22.61M	25.31M
Cash Flow
Free Cash Flow	-2.85M	-4.88M	-8.20M	-8.03M	231.00K	-6.51M
Operating Cash Flow	4.12M	1.55M	-3.48M	-2.29M	6.24M	-891.00K
Investing Cash Flow	-6.88M	-6.52M	-5.16M	-5.81M	-5.62M	-5.21M
Financing Cash Flow	-584.00K	-1.51M	12.72M	-1.09M	-1.14M	-113.00K

Wallix Group SA Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 25.80
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FR:ALLIX, the sentiment is Positive. The current price of 25.8 is above the 20-day moving average (MA) of 24.61, above the 50-day MA of 23.90, and above the 200-day MA of 21.73, indicating a bullish trend. The MACD of 1.03 indicates Negative momentum. The RSI at 69.21 is Neutral, neither overbought nor oversold. The STOCH value of 65.54 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for FR:ALLIX.

Wallix Group SA Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
ALHYP	58 Neutral	€45.59M	33.79	3.47%	―	9.77%	-86.18%
ALLIX	53 Neutral	€183.47M	-100.95	-22.79%	―	17.72%	79.71%
VMX	44 Neutral	€16.97M	-0.26	-86.76%	―	-14.91%	-512.12%
ALGEC	41 Neutral	€2.95M	-4.54	-11.66%	―	-13.72%	-144.02%