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Idox PLC (GB:IDOX)
LSE:IDOX

Idox plc (IDOX) AI Stock Analysis

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GB

Idox plc

(LSE:IDOX)

Rating:75Outperform
Price Target:
65.00p
▲(13.24%Upside)
Idox plc's strong financial performance and strategic acquisitions position the company well for growth, reflected in a solid overall score. The stock's valuation and technical indicators suggest moderate near-term potential. Despite high P/E ratio concerns, the company's strategic moves and operational efficiency enhance its investment appeal.

Idox plc (IDOX) vs. iShares MSCI United Kingdom ETF (EWC)

Idox plc Business Overview & Revenue Model

Company DescriptionIdox plc (IDOX) is a UK-based company specializing in software solutions and services for the public and private sectors. The company is known for its comprehensive suite of digital solutions that enhance information management, compliance, and service delivery. Idox operates primarily in sectors such as government, healthcare, transport, and engineering, providing clients with tools to improve efficiency and streamline processes.
How the Company Makes MoneyIdox plc generates revenue through the sale of its software solutions and related services. The company's revenue model is primarily based on software licensing, subscription fees, and professional services. Key revenue streams include the provision of enterprise software solutions for regulatory compliance, document management, and public sector administration. Additionally, Idox offers consultancy, training, and support services to complement its software offerings. The company also benefits from strategic partnerships and contracts with government bodies and large organizations, which contribute significantly to its earnings.

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
80
Positive
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
75
Positive
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
78
Positive
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
TTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income StatementTotal Revenue
80.64M87.60M73.28M66.18M62.19M68.02M
Gross Profit
61.52M63.08M57.24M51.13M45.05M49.21M
EBIT
10.59M10.01M9.34M8.66M7.64M4.92M
EBITDA
22.51M22.04M20.31M18.90M18.54M14.11M
Net Income Common Stockholders
5.50M5.26M5.58M5.04M6.03M1.28M
Balance SheetCash, Cash Equivalents and Short-Term Investments
7.02M11.66M14.82M13.86M18.28M30.81M
Total Assets
115.88M146.48M151.47M130.03M133.57M138.32M
Total Debt
33.39M23.51M30.68M22.34M28.87M50.78M
Net Debt
26.37M11.85M15.85M8.47M10.58M19.97M
Total Liabilities
71.26M68.20M78.20M62.61M72.76M91.36M
Stockholders Equity
44.72M78.28M73.28M67.42M60.81M46.96M
Cash FlowFree Cash Flow
8.37M12.44M10.08M8.09M10.81M14.42M
Operating Cash Flow
17.40M21.11M18.60M15.65M16.55M21.35M
Investing Cash Flow
-22.34M-11.00M-22.55M-9.84M-5.54M-7.12M
Financing Cash Flow
-1.07M-13.63M4.71M-10.62M-23.08M9.46M

Idox plc Technical Analysis

Technical Analysis Sentiment
Positive
Last Price57.40
Price Trends
50DMA
55.98
Positive
100DMA
57.67
Positive
200DMA
59.15
Positive
Market Momentum
MACD
0.64
Negative
RSI
58.20
Neutral
STOCH
65.15
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:IDOX, the sentiment is Positive. The current price of 57.4 is above the 20-day moving average (MA) of 57.24, above the 50-day MA of 55.98, and below the 200-day MA of 59.15, indicating a bullish trend. The MACD of 0.64 indicates Negative momentum. The RSI at 58.20 is Neutral, neither overbought nor oversold. The STOCH value of 65.15 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:IDOX.

Idox plc Peers Comparison

Overall Rating
UnderperformOutperform
Sector (62)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
78
Outperform
£200.25M29.304.56%-0.90%15.22%
76
Outperform
£254.07M22.4411.66%1.33%11.38%-8.44%
75
Outperform
£264.47M50.006.94%1.21%19.55%-6.45%
73
Outperform
£134.37M39.7511.59%0.53%15.67%25.62%
GBNET
72
Outperform
£172.61M33.1712.87%0.86%15.40%-6.59%
GBTRB
71
Outperform
£83.69M15.2110.98%1.66%4.97%3.63%
62
Neutral
$11.70B10.39-7.10%2.92%7.45%-8.42%
* Technology Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
GB:IDOX
Idox plc
57.40
-7.20
-11.15%
GB:TRB
Tribal Group plc
38.70
-14.30
-26.98%
GB:ELCO
Eleco
159.50
47.80
42.79%
GB:DOTD
Dotdigital
81.60
-10.08
-10.99%
GB:ACSO
accesso Technology
508.00
-192.00
-27.43%
GB:NET
Netcall
108.00
21.76
25.23%

Idox plc Corporate Events

Business Operations and StrategyRegulatory Filings and Compliance
Idox plc Announces Change in Major Shareholder Holdings
Neutral
Jun 4, 2025

Idox plc, a company involved in providing software and services, has received a notification regarding a change in major holdings. Canaccord Genuity Group Inc., based in Vancouver, Canada, has adjusted its voting rights in Idox plc, now holding 10.9885% of the voting rights, a slight decrease from a previous position of 11.0058%. This change in holdings could impact the company’s governance and decision-making processes, potentially influencing strategic directions and stakeholder interests.

The most recent analyst rating on (GB:IDOX) stock is a Buy with a £0.80 price target. To see the full list of analyst forecasts on Idox plc stock, see the GB:IDOX Stock Forecast page.

Business Operations and Strategy
Canaccord Genuity Increases Stake in Idox plc
Neutral
Jun 4, 2025

Idox plc, a company involved in software and information services, has announced a change in its major holdings. Canaccord Genuity Group Inc., based in Vancouver, Canada, has increased its voting rights in Idox plc to 11.0004% from a previous position of 10.9885%. This acquisition of voting rights indicates a strategic move by Canaccord Genuity Group Inc. to strengthen its influence within Idox plc, which may have implications for the company’s governance and future strategic decisions.

The most recent analyst rating on (GB:IDOX) stock is a Buy with a £0.80 price target. To see the full list of analyst forecasts on Idox plc stock, see the GB:IDOX Stock Forecast page.

Regulatory Filings and Compliance
Idox plc Announces Change in Major Shareholder Voting Rights
Neutral
May 30, 2025

Idox plc, a company involved in providing software solutions 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 10.9897%, down from a previous position of 11.0188%. This change reflects an acquisition or disposal of voting rights, impacting the company’s shareholder structure and potentially influencing its governance dynamics.

The most recent analyst rating on (GB:IDOX) stock is a Buy with a £0.80 price target. To see the full list of analyst forecasts on Idox plc stock, see the GB:IDOX Stock Forecast page.

M&A TransactionsBusiness Operations and StrategyFinancial Disclosures
Idox plc Reports Strong First Half Performance and Strategic Acquisition
Positive
May 22, 2025

Idox plc reported a strong performance for the first half of 2025, with a revenue increase to approximately £45.0 million and a significant rise in order intake. The company achieved a net cash position, reducing from a previous net debt, and completed the acquisition of Plianz to enhance its Social Care offerings. This positive momentum positions Idox well for continued growth in 2025.

The most recent analyst rating on (GB:IDOX) stock is a Buy with a £0.80 price target. To see the full list of analyst forecasts on Idox plc stock, see the GB:IDOX Stock Forecast page.

M&A TransactionsBusiness Operations and Strategy
Idox Expands Social Care Software Capabilities with Plianz Acquisition
Positive
May 13, 2025

Idox plc has announced the acquisition of Trojan Consultants Limited, trading as Plianz, a UK-based provider of Social Care software solutions. This acquisition, valued at up to £7.9 million, is expected to enhance Idox’s Social Care business by integrating Plianz’s automated software solutions, which focus on financial management for vulnerable individuals. The move is part of Idox’s strategy to expand its public sector software offerings, leveraging Plianz’s capabilities to grow its customer base and solution reach within the Social Care sector.

The most recent analyst rating on (GB:IDOX) stock is a Buy with a £0.80 price target. To see the full list of analyst forecasts on Idox plc stock, see the GB:IDOX Stock Forecast page.

Business Operations and StrategyFinancial Disclosures
Idox plc Reports Strong Start to FY25 with Positive Trading Update
Positive
Mar 31, 2025

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.

Business Operations and StrategyRegulatory Filings and Compliance
Idox plc Announces Change in Major Holdings
Neutral
Mar 18, 2025

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.

Business Operations and Strategy
Idox plc Establishes Employee Benefit Trust and Issues Shares
Positive
Mar 17, 2025

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.

Business Operations and StrategyRegulatory Filings and Compliance
Idox plc Announces Change in Major Shareholder Voting Rights
Neutral
Mar 13, 2025

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.

Business Operations and Strategy
Octopus Investments Increases Stake in Idox plc
Positive
Mar 10, 2025

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.

Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.

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.