Gen Digital Inc. (GEN)
NEUTRALFondamental
70
Prix
$29.14
Capitalisation boursière
$17.32B
Partie 1 · Ce que vaut l'entreprise
Vue d'ensemble
Gen Digital sells consumer-facing cybersecurity and identity-protection software under well-known brands — Norton, Avast, LifeLock, AVG, Avira and CCleaner — plus, since 2025, financial-wellness and lending products through its MoneyLion acquisition. Its core products protect a device or an identity: antivirus, VPN, dark-web monitoring and identity-theft insurance, sold mainly as subscriptions that renew automatically each year.
Comment l'entreprise gagne de l'argent
Most revenue is the Cyber Safety Platform: subscription fees for security, privacy and identity-protection software, billed annually or monthly and renewed automatically unless a customer cancels. Trust-Based Solutions, built mainly around the 2025 MoneyLion acquisition, adds lending, credit and financial-wellness products aimed at the same subscriber base. Because software costs little to serve an additional customer, high subscriber retention converts almost directly into profit.
Chiffre d'affaires par segment
Subscription antivirus, VPN, identity-theft protection and related security software sold under the Norton, Avast, LifeLock, AVG and Avira brands.
Lending, credit and financial-wellness products, built mainly through the 2025 acquisition of MoneyLion and sold to the same consumer base.
Avantage concurrentiel
Marque · ÉtroitNorton and Avast are among the most recognised names in consumer security, built over decades, and that recognition plus auto-renewing subscriptions gives Gen a retention edge that a newer competitor has to fight for. But operating systems increasingly bundle native security features for free, and switching to a competing or free tool costs a consumer little, so the advantage is narrow.
Ce qui stimule la demande
Modérément cycliqueDemand is driven less by economic cycles than by the growing volume of online fraud, identity theft and AI-enabled scams, which keeps consumers renewing protection subscriptions. Growth still slows when discretionary consumer spending tightens, since a security subscription is one of the easier line items for a household to cancel, but auto-renewal defaults make revenue comparatively sticky.
Principaux risques
- Native operating-system security — Major operating system vendors increasingly bundle security features for free, eroding the case for a paid third-party subscription among price-sensitive consumers.
- Cybersecurity and AI-threat evolution — The company must continuously counter cybersecurity threats and AI-enabled attacks; a service disruption or failure to keep pace with new threats would damage the trust the business depends on.
- Subscriber renewal dependence — Revenue and results depend heavily on retaining existing subscribers and expanding what they buy; a rise in cancellations or weaker renewal rates directly reduces recurring revenue.
- Integration of the fintech expansion — Extending into lending and financial-wellness products through the MoneyLion acquisition takes the company into new regulatory and credit-risk territory outside its historical security business.
Concentration des clients
Gen Digital sells to tens of millions of individual consumer subscribers, with over 40 million direct customers cited in its filings, and has no material reliance on any single customer.
Les arguments en faveur
Buyers argue that Gen's trusted, decades-old brands and large subscriber base give it a retention advantage in security, and that pairing that base with MoneyLion's financial-wellness products opens a second growth avenue beyond a maturing core antivirus market.
Les arguments contre
Sellers worry that free, built-in security from operating systems keeps eroding the case for a paid subscription, and that expanding into consumer lending through MoneyLion adds credit and regulatory risks the company has little history managing.
Written by the editors, published on 18 août 2026
Direct competitors
Who this company fights with for the same customers
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Bilan & Liquidités
Chiffre d'affaires
$5.08B
12 derniers mois (au 03/07/2026)
Résultat net
$1.05B
12 derniers mois (au 03/07/2026)
Flux de trésorerie libre
$1.52B
Capitaux propres totaux
$2.61B
Passif total
$12.98B
Ratio de liquidité général
0.47
Couverture des intérêts
-
Dette/EBITDA
3.13
Bénéfice par action
Chiffre d'affaires & Résultat net
Flux de trésorerie libre
Décomposition du résultat
État historique
Marges dans le temps
La dette dans le temps
Le poids de la dette
Grille de la croissance
Croissance — Chiffre d'affaires
Estimation de la juste valeur
Juste valeur
$36.23
Prix actuel
$29.14
Marge de sécurité
+19.6%
Fourchette de juste valeur
$23.55 - $48.91
Méthodes d'estimation
Indicateurs de valorisation
Ratio P/E
17.02
ROE
37.3%
Ratio P/B
6.56
P/FCF
11.26
Marge brute
78.0%
ROIC
12.9%
Radar de rentabilité
Value Creation (Economic Moat)
ROIC
12.9%
WACC
7.8%
ROIC − WACC
+5.2 pp
ROIC exceeds the cost of capital — the company is creating value for shareholders.
Critères d'analyse fondamentale
Réussi (18)
- EPS shows upward trend
- EPS CAGR 7.06%
- ROIC 12.9%
- Gross Margin 78.0%
- P/FCF 11.26
- Operating Margin 41.7%
- Positive Free Cash Flow
- CapEx intensity
- Debt/EBITDA
- Return on Tangible Assets
- ROE 41.9%
- Revenue Growth 5Y 14.4%
- Analyst Consensus 63% Buy
- PEG Ratio 1.50
- Earnings Quality (OCF/NI) 1.49
- Share Dilution -0.7%
- Net Margin Trend 20.7% vs 14.1%
- Piotroski F-Score 7/9
Échoué (8)
- Price CAGR 1.93%
- P/B Ratio 6.56
- Debt/Equity ratio
- Current Ratio
- Low reliance on intangibles
- Price below Graham Number
- DCF valuation (Fairly valued)
- Earnings Surprise avg 1.2%
Indisponible (2)
- Dividend Payout NaN%
- Interest Coverage
Score F de Piotroski
Santé financière solide
Qualité des bénéfices
Qualité élevée : bénéfices soutenus par la trésorerie
Dilution du capital
Rachat d'actions. Favorable aux actionnaires
Gouvernance
Équipe dirigeante
| Nom | Titre | Âge |
|---|---|---|
| Mr. Vincent Pilette | CEO, President & Chairman | 53 |
| Ms. Natalie Marie Derse | Chief Financial Officer | 47 |
| Mr. Bryan Seuk Ko J.D. | COO, Chief Legal Officer & Corporate Secretary | 54 |
| Mr. Benjamin Lu C.F.A. | Head of Investor relations | 48 |
| Spring Harris | Head of Global Corporate Communications & PR | - |
| Ms. Kara Jordan | Chief Human Resources Officer | - |
| Mr. Travis Witteveen | Head of Products & Portfolios | 55 |
Risque d'audit
3
Risque du conseil
5
Risque de rémunération
4
Risque droits des actionnaires
2
Partie 2 · Le prix et le moment d'entrer
Cette partie ne dit pas si l'entreprise vaut la peine : elle aide à choisir quand l'acheter, une fois que les fondamentaux vous ont convaincu. À l'intérieur : analyse technique, potentiel, baisses historiques, exposition gamma.
Latest News
Recent headlines for GEN, sourced from Markets Gazette.