Highlights

  • Consensus rating of Buy from 5 analysts: 5 Buy or equivalent, 0 Hold, 0 Sell or equivalent.
  • Mean price target of A$3.30 against a share price of A$2.00 on 8 October 2026, an implied upside of 65.1%.
  • Analyst targets range from A$3.05 to A$3.50.
  • Total Revenue was €72.5 million, up 7.9%, or €72.0 million, up 7.2%, at constant currency.

FINEOS Corporation Holdings (ASX:FCL) carries a consensus analyst rating of Buy. Of the 5 analyst recommendations recorded, 5 are Buy or equivalent, 0 are Hold and 0 are Sell or equivalent. The mean price target is A$3.30, with targets ranging from A$3.05 to A$3.50, against a current share price of A$2.00 (8 October 2026). FINEOS Corporation Holdings PLC provides core systems for life, accident and Health Insurance carriers globally and is registered in Ireland.

Company name

FINEOS Corporation Holdings

Ticker

(ASX:FCL)

Exchange

ASX (Australian Securities Exchange)

Current share price

A$2.00

Price date

8 October 2026

Number of analysts

5

Rating consensus

Buy

Consensus price target (mean)

A$3.30

Highest target

A$3.50

Lowest target

A$3.05

Implied upside/downside to mean target

Implied upside of 65.1%

Latest developments

FINEOS Corporation Holdings (ASX:FCL) announced its financial results for the half year ended 30 June 2026 (1H26) on 13 August 2026. Total revenue was €72.5 million, up 7.9%, or €72.0 million, up 7.2%, at constant currency. Subscription revenue grew 15.0% to €41.9 million, representing 57.8% of total revenue, while services revenue was €30.2 million, down 0.7%. Annual Recurring Revenue (ARR) was €87.8 million, up 14.9%.

Gross profit was €54.6 million, up 6.3%, with a gross Margin of 75.4%. EBITDA rose 32.3% to €17.4 million, and the EBITDA margin was 24.0%, up from 19.6%. Statutory net profit after tax was €1.9 million, compared with a loss of €1.3 million. Operating expenses decreased 2.7% to €37.2 million, driven by lower R&D, product consulting and cloud operations and support expenses, partly offset by higher sales and Marketing expenses.

The cash balance was €39.0 million, up 11.9% from €34.9 million, with no Debt and positive free Cash Flow of €10.9 million. The company said two late invoices totalling about €8.0 million, not received in time for the second quarter, will be included in third-quarter results. It cited two new-name wins, two AdminSuite cross-sales, an expanded relationship with OneAmerica and multiple on-time, on-budget implementations.

Sector context

FINEOS supplies core systems to life, accident and health insurers, and its results are reported in euros. Its revenue mix is shifting towards subscription revenue, which grew faster than services revenue in the half.

Risks and what to watch

Services revenue declined slightly and the company's growth was driven by subscription revenue. Statutory profit of €1.9 million is small relative to revenue. Two invoices of about €8.0 million moved to the third quarter, which affects timing of cash and revenue between periods. Results are reported in euros and affected by exchange rates, with constant currency growth of 7.2% below the reported 7.9%. Customer contract timing and implementation delivery affect results.

Next milestones

Items to watch include third-quarter results that will include the late invoices of about €8.0 million, ARR growth, new client wins and cross-sales, the pace of operating cost movements, and the full-year FY26 result.