Retour au classement

Gen Digital Inc. (GEN)

NEUTRAL
TechnologySoftware - InfrastructureUnited States

Fondamental

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

Cyber Safety Platform66.8%

Subscription antivirus, VPN, identity-theft protection and related security software sold under the Norton, Avast, LifeLock, AVG and Avira brands.

Trust-Based Solutions33.2%

Lending, credit and financial-wellness products, built mainly through the 2025 acquisition of MoneyLion and sold to the same consumer base.

Avantage concurrentiel

Marque · Étroit

Norton 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 cyclique

Demand 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

No editorial profile for this company yet

No competitor list for this company yet.

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

Justement valorisé

Juste valeur

$36.23

Prix actuel

$29.14

Marge de sécurité

+19.6%

Fourchette de juste valeur

$23.55 - $48.91

Méthodes d'estimation

Analyst Target:$32.11
DCF:$63.07
PE-based:$15.43
Graham Growth:$46.59
EPV:$24.27
Consensus des analystes:Acheter (10B / 6H / 0S)
Dernière surprise sur les résultats:+1.60%

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

7/9

Santé financière solide

score
criteria

Qualité des bénéfices

1.49

Qualité élevée : bénéfices soutenus par la trésorerie

Dilution du capital

-0.7%

Rachat d'actions. Favorable aux actionnaires

Gouvernance

Équipe dirigeante

NomTitreÂge
Mr. Vincent PiletteCEO, President & Chairman53
Ms. Natalie Marie DerseChief Financial Officer47
Mr. Bryan Seuk Ko J.D.COO, Chief Legal Officer & Corporate Secretary54
Mr. Benjamin Lu C.F.A.Head of Investor relations48
Spring HarrisHead of Global Corporate Communications & PR-
Ms. Kara JordanChief Human Resources Officer-
Mr. Travis WitteveenHead of Products & Portfolios55

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.

No recent news for GEN.