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DSGX 
Descartes Systems Group Inc (DSGX)
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Upturn Advisory Summary
02/26/2026: DSGX (1-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Number of Analysts
14 Analysts rated it
Moderately tracked stock, growing coverage, gaining market and investor attention.
1 Year Target Price $108.38
1 Year Target Price $108.38
| 5 | Strong Buy |
| 4 | Buy |
| 4 | Hold |
| 1 | Sell |
| 0 | Strong Sell |
Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 5.56B USD | Price to earnings Ratio 36.33 | 1Y Target Price 108.38 |
Price to earnings Ratio 36.33 | 1Y Target Price 108.38 | ||
Volume (30-day avg) 14 | Beta 0.41 | 52 Weeks Range 62.55 - 117.35 | Updated Date 02/26/2026 |
52 Weeks Range 62.55 - 117.35 | Updated Date 02/26/2026 | ||
Dividends yield (FY) - | Basic EPS (TTM) 1.78 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Revenue by Geography
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 22.1% | Operating Margin (TTM) 30.54% |
Management Effectiveness
Return on Assets (TTM) 7.59% | Return on Equity (TTM) 10.7% |
Valuation
Trailing PE 36.33 | Forward PE 26.81 | Enterprise Value 7711925661 | Price to Sales(TTM) 7.9 |
Enterprise Value 7711925661 | Price to Sales(TTM) 7.9 | ||
Enterprise Value to Revenue 11.26 | Enterprise Value to EBITDA 27.75 | Shares Outstanding 85986823 | Shares Floating 85683290 |
Shares Outstanding 85986823 | Shares Floating 85683290 | ||
Percent Insiders 0.21 | Percent Institutions 88.33 |
Upturn AI SWOT
Descartes Systems Group Inc
Company Overview
History and Background
Descartes Systems Group Inc. was founded in 1981 and has evolved into a leading provider of cloud-based logistics and supply chain management software. Initially focused on routing and scheduling, the company has expanded its offerings through strategic acquisitions to cover a broad spectrum of transportation and logistics needs. Key milestones include its IPO in 1993 and numerous acquisitions to build its comprehensive suite of solutions.
Core Business Areas
- Global Logistics and Supply Chain Solutions: Provides software and services to manage the movement of goods across the supply chain, including shipment planning, execution, visibility, and settlement. This segment addresses the core needs of shippers, carriers, and logistics service providers.
- Location-Based Services: Offers services that leverage location data for various applications, including mobile workforce management, field service, and asset tracking. This segment caters to businesses with mobile workforces and those needing to optimize field operations.
- Transportation Management Solutions: Focuses on optimizing transportation operations, from planning and execution to freight auditing and payment. This includes solutions for managing carriers, loads, and shipments.
Leadership and Structure
Descartes Systems Group Inc. is led by a management team with extensive experience in the logistics and software industries. The organizational structure is typically segmented to align with its core business areas and product lines, enabling focused development and market outreach.
Top Products and Market Share
Key Offerings
- Descartes MacroPoint: A real-time shipment visibility platform that provides end-to-end tracking and analytics for goods in transit. Competitors include FourKites, Project44, and Transflo. While specific market share for this single product is not publicly disclosed, it is a key component of Descartes' visibility solutions.
- Descartes RouteMAX: A comprehensive routing and scheduling solution designed to optimize delivery routes for fleets of all sizes. Competitors include Trimble Transportation, ORTEC, and Verizon Connect. This product contributes to Descartes' significant presence in the fleet management software market.
- Descartes TMS (Transportation Management System): A suite of solutions for managing freight operations, including planning, execution, and settlement. Competitors include MercuryGate, Oracle Transportation Management, and SAP Transportation Management. Descartes TMS is a strong contender in the TMS market.
Market Dynamics
Industry Overview
The logistics and supply chain management software industry is experiencing robust growth driven by increasing global trade, e-commerce expansion, and the demand for greater efficiency, visibility, and resilience in supply chains. Trends include the adoption of cloud-based solutions, AI-powered analytics, and real-time visibility tools.
Positioning
Descartes Systems Group Inc. is positioned as a leading global provider of integrated cloud-based logistics and supply chain management solutions. Its competitive advantage lies in its comprehensive suite of products, extensive customer base, and a recurring revenue model. The company's focus on providing end-to-end solutions across various aspects of the supply chain, from planning to execution and settlement, differentiates it from more specialized providers.
Total Addressable Market (TAM)
The global market for logistics and supply chain management software is substantial and growing, estimated to be in the tens of billions of dollars and projected to reach over $100 billion in the coming years. Descartes Systems Group Inc. is well-positioned to capture a significant portion of this TAM with its broad portfolio of solutions targeting shippers, carriers, and logistics service providers across various industries.
Upturn SWOT Analysis
Strengths
- Comprehensive suite of integrated software solutions
- Strong recurring revenue model
- Large and diverse customer base
- Extensive industry experience and expertise
- Proven track record of successful acquisitions
Weaknesses
- Perceived complexity of some solutions
- Reliance on acquisitions for growth can sometimes lead to integration challenges
- Brand recognition may not be as strong as some larger enterprise software giants
Opportunities
- Continued growth in e-commerce and global trade
- Increasing demand for supply chain visibility and analytics
- Expansion into emerging markets
- Leveraging AI and machine learning for advanced optimization and insights
- Further consolidation within the industry through strategic acquisitions
Threats
- Intense competition from established players and emerging startups
- Rapid technological advancements requiring continuous innovation
- Economic downturns impacting logistics spending
- Data security and privacy concerns
- Regulatory changes in transportation and logistics
Competitors and Market Share
Key Competitors
- Manhattan Associates (Mu0410u041d)
- Blue Yonder (Private)
- Oracle (ORCL)
- SAP (SAP)
- Trimble (TRMB)
Competitive Landscape
Descartes Systems Group Inc. faces a competitive landscape with a mix of large enterprise software providers and specialized logistics technology companies. Its advantages lie in its breadth of solutions and deep focus on logistics, while larger competitors may have broader enterprise reach. Descartes' agility in integrating acquisitions allows it to quickly expand its capabilities.
Major Acquisitions
Supply Chain Solutions (SCS) business of Thomson Reuters
- Year: 2022
- Acquisition Price (USD millions): 140
- Strategic Rationale: To enhance its customs and trade compliance solutions and expand its customer base in this critical area of global logistics.
Project44's North American less-than-truckload (LTL) data assets
- Year: 2022
- Acquisition Price (USD millions):
- Strategic Rationale: To bolster its LTL visibility capabilities and expand its freight network data.
E-Lock
- Year: 2021
- Acquisition Price (USD millions):
- Strategic Rationale: To enhance its customs and trade compliance offerings, particularly in Canada.
Growth Trajectory and Initiatives
Historical Growth: Descartes has a history of consistent revenue and profit growth, fueled by a combination of organic expansion and strategic acquisitions. The company has successfully integrated numerous acquisitions, expanding its product portfolio and customer base.
Future Projections: Analyst estimates generally project continued revenue and EPS growth for Descartes Systems Group Inc., driven by the expansion of its cloud-based solutions and its ability to capitalize on increasing demand for supply chain visibility and optimization. Growth is expected to be supported by ongoing market trends and the company's strategic initiatives.
Recent Initiatives: Recent initiatives include further enhancements to its real-time visibility platform, expansion of its mobile solutions, and continued focus on integrating its acquired businesses to offer more comprehensive end-to-end solutions. The company is also investing in AI and data analytics to enhance its service offerings.
Summary
Descartes Systems Group Inc. is a well-established player in the logistics and supply chain software market with a strong and diverse product portfolio. Its consistent revenue growth, recurring revenue model, and strategic acquisition strategy are key strengths. The company is well-positioned to capitalize on the growing demand for supply chain efficiency and visibility. However, it must navigate intense competition and the need for continuous innovation to maintain its market leadership.
Similar Stocks
Sources and Disclaimers
Data Sources:
- Company Investor Relations websites
- Financial news outlets (e.g., Bloomberg, Reuters)
- Industry research reports
- SEC Filings (10-K, 10-Q)
Disclaimers:
This information is for informational purposes only and does not constitute financial advice. Market share data and acquisition prices are estimates and may vary. Financial performance is based on publicly available data and is subject to change. Competitor analysis is based on general market perception and may not be exhaustive.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Descartes Systems Group Inc
Exchange NASDAQ | Headquaters Waterloo, ON, Canada | ||
IPO Launch date 1999-01-26 | CEO & Director Mr. Edward J. Ryan B.A. | ||
Sector Technology | Industry Software - Application | Full time employees - | Website https://www.descartes.com |
Full time employees - | Website https://www.descartes.com | ||
The Descartes Systems Group Inc. provides global logistics technology solutions worldwide. Its Logistics Technology platform offers a range of modular, interoperable web and wireless logistics management solutions. The company provides a suite of solutions that include routing, mobile, and telematics; transportation management; ecommerce, shipping, and fulfillment; customs and regulatory compliance; global trade intelligence; broker and forwarder enterprise systems; and B2B messaging and connectivity services. It also offers its customers to use its modular, software-as-a-service, and data solutions to route, schedule, track, and measure delivery resources; plan, allocate, and execute shipments; rate, audit, and pay transportation invoices; access and analyze global trade data; research and perform trade tariff and duty calculations; file customs and security documents for imports and exports; and various other logistics processes. In addition, the company provides consulting, implementation, and training services, as well as maintenance and support services. It serves transportation providers, such as air, ocean, and truck modes; logistics service providers, including third-party logistics providers, freight forwarders, and customs brokers; and distribution-intensive companies, such as retailers, manufacturers, distributors, and mobile business service providers through subscription, transactional or perpetual license basis. The Descartes Systems Group Inc. was incorporated in 1981 and is headquartered in Waterloo, Canada.
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