Review of Kinaxis Inc.

NOV 20, 2025 - KXS’s share price has been under pressure recently along with other software names due to negative sentiment toward software-as-a-subscription (SaaS) businesses, which investors believe could potentially be disrupted by Artificial Intelligence (AI). We think the concern shows little merit and, so far, KXS’s results have not been affected by AI. KXS continues to be a great long-term winner in the niche market of supply chain software. Though KXS is not a hyper-growth name like it used to be, the company still manages to consistently achieve double-digit growth on topline and annual recurring revenue. The company is also right-sizing stock-based compensation to a reasonable level. KXS’s business model is highly cash-generative with limited needs for capital expenditure, and the company maintains a solid financial position. KXS has been more aggressive with share buybacks recently to take advantage of the weak share price. We think the risk/reward here is quite attractive for investors with a time horizon of three to five years. We are maintaining our rating at ‘B+’.

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Kinaxis Inc. (KXS $127.42)
- $127.42 P/E (TTM): 71.32X Cap: $3.46B
- View KXS Profile
- View Questions on KXS
- View Reports on KXS

Q: Hi Peter and 5i Team,

I manage my son’s TFSA. One of his holdings is Kinaxis KXS, which has been held for a long time. The average cost per share is $49.56, and the last time I looked, KXS is trading at $136.59.

Noticing that, based on answers to other members, 5i is becoming more frustrated with this company, so I’m wondering if any action should be taken.

Please advise if there are any other TSX-listed companies or ETFs (other than the CSU family) that have better prospects than KXS going forward, or would be wiser to “stay the course”?

Thanks for your insight.

Read Answer Asked by Jerry on February 03, 2026

Descartes Systems Group Inc. (The) (DSG $91.25)
- $91.25 P/E (TTM): 38.9X Cap: $7.84B
- View DSG Profile
- View Questions on DSG
- View Reports on DSG
Kinaxis Inc. (KXS $127.42)
- $127.42 P/E (TTM): 71.32X Cap: $3.46B
- View KXS Profile
- View Questions on KXS
- View Reports on KXS

Q: If you had to sell DSG or KXS to raise cash, would you trim from both or just sell one?

Read Answer Asked by Ozzie on February 03, 2026

Kinaxis Inc. (KXS $127.42)
- $127.42 P/E (TTM): 71.32X Cap: $3.46B
- View KXS Profile
- View Questions on KXS
- View Reports on KXS

Q: Good afternoon,

I’ve a question on KXS that isn’t quite answered in the res ent history. I owned this stock in the past and sold out because it did nothing after getting to $200. The stock is cycling between the low-mid $100’s and $200, now ducking below $150.

What is causing the downtrend? Has this stock reached the lower threshold for a buy rating or do you expect further decline? It is getting intriguing, yet it is also frustrating.

Thanks,

Dave

Read Answer Asked by Dave on January 28, 2026