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This stock no longer trades (delisted May 28, 2026)

Delisted / no longer publicly traded (per market data provider) Everything below is based on the last available data — treat it as historical, not a live read.

IDOX logo

IDOX

IDOX.L
61
Software - Application · Technology
Exchange
London Stock Exchange
Winston Score
61
Historical score — this stock no longer trades, so the score is frozen at the last available data.
Data as of Aug 23, 2026 · filings through Oct 31, 2025
How the score breaks down
Quality
Good
Growth
Mixed
Cash Flow
Exceptional
Stability
Strong
Valuation
Good

Winston Score History

The full picture

IDOX plc is a UK-based software company that builds tools for local governments and public sector organizations. Its main products help councils manage planning applications, elections, and grants — essentially the paperwork and processes that keep local government running. It also serves engineering and infrastructure clients with document management software.

The company earns most of its revenue through software licenses and recurring subscription contracts, which gives it a relatively predictable income stream. IDOX operates primarily in the UK and Ireland, with some international exposure, and its deep integration into government workflows makes it difficult for customers to switch to a competitor. However, its heavy reliance on UK public sector spending means budget cuts or government austerity measures are a real risk to future revenue growth.

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+0.8% YoY

YoY Growth Rate

Slow revenue growth

EPS Growth

-4.5% YoY

YoY Growth Rate

Earnings declining

Insider Activity

12.0%ownership

Flat

Insider ownership roughly steady over the past year

Cash Runway

5+ years

Quarterly Free Cash Flow

↑ Burn rate improving

£9M cash & investments at current burn rate

Growth context

IDOX is growing revenue at 1% year-over-year. The Winston Score measures business quality today — these growth metrics show what could matter tomorrow.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

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Quality

Profit per sale
Gross Margin
73.0%
Premium pricing power — 73.0% gross margin
Profit after running costs
Operating Margin
12.2%
Healthy — 12.2% operating margin
Return on the money invested
ROCE
11.6%
Below par — 11.6% return on capital

ROIC between 5% and 15%. They earn 5 to 15 cents back per year on every dollar invested.

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Growth

Sales growth
Sales YoY
+2.5%
Nearly flat sales (+2.5% YoY)
Profit growth
EPS YoY
+16.4%
Earnings growing fast (+16.4% YoY)

Healthy double-digit earnings growth — what compounders look like.

How steady the profit is
EPS Consistency
3/8 quarters
Earnings rarely grow — volatile business

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Cash Flow

Profit that turns into cash
Cash Conversion
301%
Turns 301% of profit into real cash
Spare cash per sale
FCF Margin
19.9%
Converts sales into free cash efficiently (19.9%)

FCF margin between 10% and 20%. Every $100 in sales becomes $10 to $20 in real cash.

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Stability

What it owes vs what it owns
Debt / Equity
0.28
Conservative — low debt load (0.28)
Covers its interest
Interest Cover
6.05x
Adequate interest coverage (6.0x)

Interest coverage between 3 and 8. Profits cover interest several times over.

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Valuation

Price vs profit
P/E Ratio (TTM)
58.1x
no trend
Expensive — P/E 58.1

P/E over 35. The market is pricing in heavy, sustained growth.

Cheaper or dearer next year
P/E vs Forward
+30.4
GROWING
Earnings expected to grow meaningfully — cheaper on forward P/E (58.1 → 27.6)

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Dividends

Not applicable for this business.
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