View Valuationinit innovation in traffic systems 향후 성장Future 기준 점검 5/6init innovation in traffic systems (는) 각각 연간 23.6% 및 11.5% 수익과 수익이 증가할 것으로 예상됩니다. EPS는 연간 23.6% 만큼 성장할 것으로 예상됩니다. 자기자본이익률은 3년 후 20.5% 로 예상됩니다.핵심 정보23.6%이익 성장률23.57%EPS 성장률Software 이익 성장16.0%매출 성장률11.5%향후 자기자본이익률20.50%애널리스트 커버리지Low마지막 업데이트07 May 2026최근 향후 성장 업데이트공지 • May 24init innovation in traffic systems SE Confirms Earnings Guidance for the Financial Year 2025init innovation in traffic systems SE confirmed earnings guidance for the financial year 2025. For the year, the company expected revenue range of around EUR 300 million to EUR 330 million in revenues and EUR 30 million to EUR 33 million in earnings before interest and taxes (EBIT) for the year as a whole.Price Target Changed • Mar 25Price target increased by 8.4% to €51.50Up from €47.50, the current price target is an average from 2 analysts. New target price is 52% above last closing price of €33.90. Stock is up 28% over the past year. The company is forecast to post earnings per share of €1.80 for next year compared to €1.54 last year.Price Target Changed • Aug 03Price target decreased to €46.25Down from €51.25, the current price target is an average from 2 analysts. New target price is 108% above last closing price of €22.20. Stock is down 47% over the past year. The company is forecast to post earnings per share of €1.17 for next year compared to €1.25 last year.Price Target Changed • Mar 30Price target decreased to €45.00Down from €49.00, the current price target is provided by 1 analyst. New target price is 35% above last closing price of €33.40. Stock is up 68% over the past year.Price Target Changed • Mar 10Price target raised to €49.00Up from €45.00, the current price target is provided by 1 analyst. The new target price is 48% above the current share price of €33.20. As of last close, the stock is up 60% over the past year.Price Target Changed • Mar 05Price target raised to €50.00Up from €46.00, the current price target is an average from 2 analysts. The new target price is 40% above the current share price of €35.60. As of last close, the stock is up 50% over the past year.모든 업데이트 보기Recent updates공지 • Apr 10init innovation in traffic systems SE, Annual General Meeting, May 21, 2026init innovation in traffic systems SE, Annual General Meeting, May 21, 2026, at 10:00 W. Europe Standard Time.공지 • Apr 03init innovation in traffic systems SE announces Annual dividend, payable on May 26, 2026init innovation in traffic systems SE announced Annual dividend of EUR 0.8000 per share payable on May 26, 2026, ex-date on May 22, 2026 and record date on May 25, 2026.공지 • Dec 04+ 3 more updatesinit innovation in traffic systems SE to Report First Half, 2026 Results on Aug 13, 2026init innovation in traffic systems SE announced that they will report first half, 2026 results on Aug 13, 2026공지 • May 24init innovation in traffic systems SE Confirms Earnings Guidance for the Financial Year 2025init innovation in traffic systems SE confirmed earnings guidance for the financial year 2025. For the year, the company expected revenue range of around EUR 300 million to EUR 330 million in revenues and EUR 30 million to EUR 33 million in earnings before interest and taxes (EBIT) for the year as a whole.공지 • Apr 11+ 1 more updateinit innovation in traffic systems SE, Annual General Meeting, May 22, 2025init innovation in traffic systems SE, Annual General Meeting, May 22, 2025, at 10:00 W. Europe Standard Time.Reported Earnings • Nov 14Third quarter 2024 earnings released: EPS: €0.34 (vs €0.37 in 3Q 2023)Third quarter 2024 results: EPS: €0.34 (down from €0.37 in 3Q 2023). Revenue: €63.6m (up 19% from 3Q 2023). Net income: €3.32m (down 10% from 3Q 2023). Profit margin: 5.2% (down from 6.9% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Software industry in Germany. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.공지 • Sep 18+ 3 more updatesinit innovation in traffic systems SE to Report First Half, 2025 Results on Aug 14, 2025init innovation in traffic systems SE announced that they will report first half, 2025 results on Aug 14, 2025Reported Earnings • Aug 14Second quarter 2024 earnings released: EPS: €0.24 (vs €0.31 in 2Q 2023)Second quarter 2024 results: EPS: €0.24 (down from €0.31 in 2Q 2023). Revenue: €64.0m (up 25% from 2Q 2023). Net income: €2.42m (down 20% from 2Q 2023). Profit margin: 3.8% (down from 5.9% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Software industry in Germany. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings.Upcoming Dividend • May 31Upcoming dividend of €0.70 per shareEligible shareholders must have bought the stock before 07 June 2024. Payment date: 11 June 2024. Payout ratio is a comfortable 36% but the company is not cash flow positive. Trailing yield: 1.7%. Lower than top quartile of German dividend payers (4.6%). Higher than average of industry peers (1.2%).Reported Earnings • May 19First quarter 2024 earnings released: EPS: €0.24 (vs €0.17 loss in 1Q 2023)First quarter 2024 results: EPS: €0.24 (up from €0.17 loss in 1Q 2023). Revenue: €50.5m (up 31% from 1Q 2023). Net income: €2.40m (up €4.10m from 1Q 2023). Profit margin: 4.8% (up from net loss in 1Q 2023). The move to profitability was driven by higher revenue. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 9.8% growth forecast for the Software industry in Germany. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.Buy Or Sell Opportunity • Apr 10Now 20% undervaluedOver the last 90 days, the stock has risen 10.0% to €37.40. The fair value is estimated to be €46.89, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.4% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to grow by 13% per annum. Earnings are also forecast to grow by 23% per annum over the same time period.Valuation Update With 7 Day Price Move • Mar 28Investor sentiment improves as stock rises 17%After last week's 17% share price gain to €36.80, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 19x in the Software industry in Germany. Total returns to shareholders of 11% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €45.51 per share.Price Target Changed • Mar 25Price target increased by 8.4% to €51.50Up from €47.50, the current price target is an average from 2 analysts. New target price is 52% above last closing price of €33.90. Stock is up 28% over the past year. The company is forecast to post earnings per share of €1.80 for next year compared to €1.54 last year.Declared Dividend • Mar 24Dividend of €0.70 announcedShareholders will receive a dividend of €0.70. Ex-date: 7th June 2024 Payment date: 11th June 2024 Dividend yield will be 2.1%, which is higher than the industry average of 1.5%. Sustainability & Growth Dividend is covered by earnings (46% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 85% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Reported Earnings • Mar 21Full year 2023 earnings: EPS and revenues exceed analyst expectationsFull year 2023 results: EPS: €1.54 (down from €1.67 in FY 2022). Revenue: €210.8m (up 10% from FY 2022). Net income: €15.2m (down 8.1% from FY 2022). Profit margin: 7.2% (down from 8.6% in FY 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) also surpassed analyst estimates by 2.0%. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 9.4% growth forecast for the Software industry in Germany. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has increased by 1% per year.Valuation Update With 7 Day Price Move • Mar 07Investor sentiment improves as stock rises 20%After last week's 20% share price gain to €33.30, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 18x in the Software industry in Germany. Total returns to shareholders of 2.6% over the past three years.공지 • Feb 18+ 4 more updatesinit innovation in traffic systems SE to Report Q3, 2024 Results on Nov 13, 2024init innovation in traffic systems SE announced that they will report Q3, 2024 results on Nov 13, 2024Valuation Update With 7 Day Price Move • Nov 21Investor sentiment improves as stock rises 15%After last week's 15% share price gain to €30.30, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 27x in the Software industry in Germany. Total returns to shareholders of 10% over the past three years.Reported Earnings • Nov 10Third quarter 2023 earnings released: EPS: €0.37 (vs €0.51 in 3Q 2022)Third quarter 2023 results: EPS: €0.37 (down from €0.51 in 3Q 2022). Revenue: €53.4m (up 5.8% from 3Q 2022). Net income: €3.70m (down 27% from 3Q 2022). Profit margin: 6.9% (down from 10.0% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 7.9% growth forecast for the Software industry in Germany. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has remained flat.New Risk • Oct 18New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.1% average weekly change).Reported Earnings • Aug 13Second quarter 2023 earnings released: EPS: €0.31 (vs €0.14 in 2Q 2022)Second quarter 2023 results: EPS: €0.31 (up from €0.14 in 2Q 2022). Revenue: €51.1m (up 13% from 2Q 2022). Net income: €3.03m (up 111% from 2Q 2022). Profit margin: 5.9% (up from 3.2% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Software industry in Germany. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.공지 • May 26+ 3 more updatesinit innovation in traffic systems SE Announces Dividend for the Year 2022init innovation in traffic systems SE announced a regular dividend of EUR 0.60 per no-par value share will be paid for the 2022 financial year to reflect the positive trend in earnings.Upcoming Dividend • May 19Upcoming dividend of €0.70 per share at 1.9% yieldEligible shareholders must have bought the stock before 26 May 2023. Payment date: 31 May 2023. Payout ratio is a comfortable 41% and this is well supported by cash flows. Trailing yield: 1.9%. Lower than top quartile of German dividend payers (4.7%). Higher than average of industry peers (1.6%).Reported Earnings • May 18First quarter 2023 earnings released: €0.17 loss per share (vs €0.047 profit in 1Q 2022)First quarter 2023 results: €0.17 loss per share (down from €0.047 profit in 1Q 2022). Revenue: €38.5m (up 8.3% from 1Q 2022). Net loss: €1.69m (down 467% from profit in 1Q 2022). Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the Software industry in Germany. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has increased by 5% per year.공지 • May 12+ 2 more updatesinit innovation in traffic systems SE, Annual General Meeting, May 25, 2023init innovation in traffic systems SE, Annual General Meeting, May 25, 2023.Valuation Update With 7 Day Price Move • Apr 17Investor sentiment improves as stock rises 15%After last week's 15% share price gain to €33.70, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 26x in the Software industry in Germany. Total returns to shareholders of 54% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €16.68 per share.Valuation Update With 7 Day Price Move • Apr 03Investor sentiment improves as stock rises 16%After last week's 16% share price gain to €30.75, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 27x in the Software industry in Germany. Total returns to shareholders of 54% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €15.85 per share.Buying Opportunity • Feb 17Now 20% undervaluedOver the last 90 days, the stock is up 20%. The fair value is estimated to be €35.58, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.5% over the last 3 years. Earnings per share has grown by 4.4%. Revenue is forecast to grow by 35% in 2 years. Earnings is forecast to grow by 60% in the next 2 years.Reported Earnings • Nov 16Third quarter 2022 earnings released: EPS: €0.51 (vs €0.21 in 3Q 2021)Third quarter 2022 results: EPS: €0.51 (up from €0.21 in 3Q 2021). Revenue: €50.5m (up 25% from 3Q 2021). Net income: €5.03m (up 141% from 3Q 2021). Profit margin: 10.0% (up from 5.2% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 7.8% growth forecast for the Software industry in Germany. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 5% per year.Reported Earnings • Nov 12Third quarter 2022 earnings released: EPS: €0.51 (vs €0.21 in 3Q 2021)Third quarter 2022 results: EPS: €0.51 (up from €0.21 in 3Q 2021). Revenue: €50.5m (up 25% from 3Q 2021). Net income: €5.03m (up 141% from 3Q 2021). Profit margin: 10.0% (up from 5.2% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 7.8% growth forecast for the Software industry in Germany. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 6% per year.Valuation Update With 7 Day Price Move • Nov 10Investor sentiment improved over the past weekAfter last week's 18% share price gain to €21.25, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 19x in the Software industry in Germany. Total returns to shareholders of 6.6% over the past three years.Reported Earnings • Aug 11Second quarter 2022 earnings released: EPS: €0.14 (vs €0.33 in 2Q 2021)Second quarter 2022 results: EPS: €0.14 (down from €0.33 in 2Q 2021). Revenue: €45.1m (up 2.1% from 2Q 2021). Net income: €1.44m (down 56% from 2Q 2021). Profit margin: 3.2% (down from 7.5% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 19%, compared to a 7.7% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 10% per year whereas the company’s share price has increased by 7% per year.Price Target Changed • Aug 03Price target decreased to €46.25Down from €51.25, the current price target is an average from 2 analysts. New target price is 108% above last closing price of €22.20. Stock is down 47% over the past year. The company is forecast to post earnings per share of €1.17 for next year compared to €1.25 last year.Reported Earnings • May 13First quarter 2022 earnings: EPS in line with expectations, revenues disappointFirst quarter 2022 results: EPS: €0.047 (down from €0.18 in 1Q 2021). Revenue: €35.6m (down 12% from 1Q 2021). Net income: €462.0k (down 75% from 1Q 2021). Profit margin: 1.3% (down from 4.5% in 1Q 2021). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 18%. Earnings per share (EPS) were mostly in line with analyst estimates. Over the next year, revenue is forecast to grow 17%, compared to a 13% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 24% per year whereas the company’s share price has increased by 25% per year.Upcoming Dividend • May 12Upcoming dividend of €0.55 per shareEligible shareholders must have bought the stock before 19 May 2022. Payment date: 23 May 2022. Payout ratio is a comfortable 44% and this is well supported by cash flows. Trailing yield: 2.0%. Lower than top quartile of German dividend payers (4.2%). In line with average of industry peers (2.0%).Valuation Update With 7 Day Price Move • Mar 31Investor sentiment improved over the past weekAfter last week's 23% share price gain to €37.50, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 29x in the Software industry in Germany. Total returns to shareholders of 210% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €58.56 per share.Valuation Update With 7 Day Price Move • Mar 14Investor sentiment improved over the past weekAfter last week's 17% share price gain to €28.20, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 29x in the Software industry in Germany. Total returns to shareholders of 98% over the past three years.Buying Opportunity • Mar 05Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 30%. The fair value is estimated to be €32.29, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10% per annum over the last 3 years. Earnings per share has grown by 48% per annum over the last 3 years.Buying Opportunity • Jan 25Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 28%. The fair value is estimated to be €39.86, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10% per annum over the last 3 years. Earnings per share has grown by 48% per annum over the last 3 years.Reported Earnings • Nov 11Third quarter 2021 earnings released: EPS €0.21 (vs €0.40 in 3Q 2020)The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: €40.4m (down 19% from 3Q 2020). Net income: €2.09m (down 47% from 3Q 2020). Profit margin: 5.2% (down from 8.0% in 3Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has only increased by 39% per year, which means it is significantly lagging earnings growth.Reported Earnings • Aug 12Second quarter 2021 earnings released: EPS €0.33 (vs €0.19 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: €44.2m (up 7.5% from 2Q 2020). Net income: €3.31m (up 76% from 2Q 2020). Profit margin: 7.5% (up from 4.6% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has only increased by 40% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Aug 11Investor sentiment improved over the past weekAfter last week's 18% share price gain to €49.60, the stock trades at a forward P/E ratio of 32x. Average forward P/E is 36x in the Software industry in Germany. Total returns to shareholders of 196% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €32.05 per share.Upcoming Dividend • May 13Upcoming dividend of €0.55 per shareEligible shareholders must have bought the stock before 20 May 2021. Payment date: 25 May 2021. Trailing yield: 1.3%. Lower than top quartile of German dividend payers (3.2%). Lower than average of industry peers (1.6%).Reported Earnings • May 12First quarter 2021 earnings released: EPS €0.18 (vs €0.22 in 1Q 2020)The company reported a poor first quarter result with weaker earnings and profit margins, although revenues were flat. First quarter 2021 results: Revenue: €40.5m (flat on 1Q 2020). Net income: €1.84m (down 16% from 1Q 2020). Profit margin: 4.5% (down from 5.4% in 1Q 2020). Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has only increased by 27% per year, which means it is significantly lagging earnings growth.Price Target Changed • Mar 30Price target decreased to €45.00Down from €49.00, the current price target is provided by 1 analyst. New target price is 35% above last closing price of €33.40. Stock is up 68% over the past year.Reported Earnings • Mar 26Full year 2020 earnings releasedThe company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: €180.7m (up 16% from FY 2019). Net income: €14.9m (up 32% from FY 2019). Profit margin: 8.3% (up from 7.2% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth.Price Target Changed • Mar 10Price target raised to €49.00Up from €45.00, the current price target is provided by 1 analyst. The new target price is 48% above the current share price of €33.20. As of last close, the stock is up 60% over the past year.Price Target Changed • Mar 05Price target raised to €50.00Up from €46.00, the current price target is an average from 2 analysts. The new target price is 40% above the current share price of €35.60. As of last close, the stock is up 50% over the past year.Is New 90 Day High Low • Jan 29New 90-day high: €36.10The company is up 49% from its price of €24.30 on 30 October 2020. The German market is up 20% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Software industry, which is up 17% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €30.89 per share.Is New 90 Day High Low • Jan 08New 90-day high: €36.00The company is up 18% from its price of €30.40 on 09 October 2020. The German market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Software industry, which is down 18% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €32.02 per share.Is New 90 Day High Low • Dec 24New 90-day high: €33.70The company is up 10.0% from its price of €30.60 on 25 September 2020. The German market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Software industry, which is down 18% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €31.38 per share.Is New 90 Day High Low • Dec 08New 90-day high: €32.50The company is up 1.0% from its price of €32.20 on 09 September 2020. The German market is up 3.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Software industry, which is down 21% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €26.69 per share.Reported Earnings • Nov 13Third quarter 2020 earnings released: EPS €0.40The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: €49.6m (up 39% from 3Q 2019). Net income: €3.95m (up 173% from 3Q 2019). Profit margin: 8.0% (up from 4.1% in 3Q 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Nov 05Market bids up stock over the past weekAfter last week's 21% share price gain to €29.40, the stock is trading at a trailing P/E ratio of 25.4x, up from the previous P/E ratio of 21x. This compares to an average P/E of 25x in the Software industry in Germany. Total returns to shareholders over the past three years are 55%.Valuation Update With 7 Day Price Move • Oct 29Market pulls back on stock over the past weekAfter last week's 16% share price decline to €24.30, the stock is trading at a trailing P/E ratio of 24.6x, down from the previous P/E ratio of 29.3x. This compares to an average P/E of 24x in the Software industry in Germany. Total returns to shareholders over the past three years are 27%.Is New 90 Day High Low • Oct 22New 90-day low: €26.90The company is down 13% from its price of €30.80 on 24 July 2020. The German market is down 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Software industry, which is down 11% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €21.00 per share.Is New 90 Day High Low • Oct 02New 90-day low: €29.00The company is down 22% from its price of €37.00 on 03 July 2020. The German market is up 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Software industry, which is up 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €22.07 per share.이익 및 매출 성장 예측DB:IXX - 애널리스트 향후 추정치 및 과거 재무 데이터 (EUR Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수12/31/2028507412733312/31/2027446321933312/31/2026394261531312/31/2025330203049N/A9/30/2025314171636N/A6/30/2025293151636N/A3/31/202528615-119N/A12/31/202426615-711N/A9/30/202424618220N/A6/30/202423619-115N/A3/31/202422319-112N/A12/31/202321115-58N/A9/30/202320315111N/A6/30/202320016920N/A3/31/2023194141527N/A12/31/2022191171424N/A9/30/2022183121118N/A6/30/2022173906N/A3/31/20221721136N/A12/31/2021177121216N/A9/30/2021175141115N/A6/30/2021184161419N/A3/31/2021181152329N/A12/31/2020181151724N/A9/30/2020175131018N/A6/30/2020161102028N/A3/31/2020161132026N/A12/31/2019156111521N/A9/30/20191537N/A30N/A6/30/20191537N/A16N/A3/31/20191423N/A14N/A12/31/20181362N/A13N/A9/30/20181373N/A13N/A6/30/20181323N/A12N/A3/31/20181324N/A6N/A12/31/20171314N/A2N/A9/30/20171296N/A-1N/A6/30/20171259N/A7N/A3/31/20171178N/A11N/A12/31/20161099N/A13N/A9/30/20161029N/A14N/A6/30/20161006N/A11N/A3/31/20161017N/A7N/A12/31/20151057N/A11N/A9/30/20151079N/A3N/A6/30/201510610N/A1N/A더 보기애널리스트 향후 성장 전망수입 대 저축률: IXX 의 연간 예상 수익 증가율(23.6%)이 saving rate(1.9%)보다 높습니다.수익 vs 시장: IXX 의 연간 수익(23.6%)이 German 시장(16.7%)보다 빠르게 성장할 것으로 예상됩니다.고성장 수익: IXX 의 수입은 향후 3년 동안 상당히 증가할 것으로 예상됩니다.수익 대 시장: IXX 의 수익(연간 11.5%)이 German 시장(연간 6.5%)보다 빠르게 성장할 것으로 예상됩니다.고성장 매출: IXX 의 수익(연간 11.5%)은 연간 20%보다 느리게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: IXX의 자본 수익률은 3년 후 20.5%로 높을 것으로 예상됩니다.성장 기업 찾아보기7D1Y7D1Y7D1YSoftware 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/13 00:15종가2026/05/13 00:00수익2025/12/31연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스init innovation in traffic systems SE는 7명의 분석가가 다루고 있습니다. 이 중 3명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Robert-Jan van der HorstBerenbergFelix LutzODDO BHF Corporate & MarketsMatthias DesmaraisODDO BHF Corporate & Markets4명의 분석가 더 보기
공지 • May 24init innovation in traffic systems SE Confirms Earnings Guidance for the Financial Year 2025init innovation in traffic systems SE confirmed earnings guidance for the financial year 2025. For the year, the company expected revenue range of around EUR 300 million to EUR 330 million in revenues and EUR 30 million to EUR 33 million in earnings before interest and taxes (EBIT) for the year as a whole.
Price Target Changed • Mar 25Price target increased by 8.4% to €51.50Up from €47.50, the current price target is an average from 2 analysts. New target price is 52% above last closing price of €33.90. Stock is up 28% over the past year. The company is forecast to post earnings per share of €1.80 for next year compared to €1.54 last year.
Price Target Changed • Aug 03Price target decreased to €46.25Down from €51.25, the current price target is an average from 2 analysts. New target price is 108% above last closing price of €22.20. Stock is down 47% over the past year. The company is forecast to post earnings per share of €1.17 for next year compared to €1.25 last year.
Price Target Changed • Mar 30Price target decreased to €45.00Down from €49.00, the current price target is provided by 1 analyst. New target price is 35% above last closing price of €33.40. Stock is up 68% over the past year.
Price Target Changed • Mar 10Price target raised to €49.00Up from €45.00, the current price target is provided by 1 analyst. The new target price is 48% above the current share price of €33.20. As of last close, the stock is up 60% over the past year.
Price Target Changed • Mar 05Price target raised to €50.00Up from €46.00, the current price target is an average from 2 analysts. The new target price is 40% above the current share price of €35.60. As of last close, the stock is up 50% over the past year.
공지 • Apr 10init innovation in traffic systems SE, Annual General Meeting, May 21, 2026init innovation in traffic systems SE, Annual General Meeting, May 21, 2026, at 10:00 W. Europe Standard Time.
공지 • Apr 03init innovation in traffic systems SE announces Annual dividend, payable on May 26, 2026init innovation in traffic systems SE announced Annual dividend of EUR 0.8000 per share payable on May 26, 2026, ex-date on May 22, 2026 and record date on May 25, 2026.
공지 • Dec 04+ 3 more updatesinit innovation in traffic systems SE to Report First Half, 2026 Results on Aug 13, 2026init innovation in traffic systems SE announced that they will report first half, 2026 results on Aug 13, 2026
공지 • May 24init innovation in traffic systems SE Confirms Earnings Guidance for the Financial Year 2025init innovation in traffic systems SE confirmed earnings guidance for the financial year 2025. For the year, the company expected revenue range of around EUR 300 million to EUR 330 million in revenues and EUR 30 million to EUR 33 million in earnings before interest and taxes (EBIT) for the year as a whole.
공지 • Apr 11+ 1 more updateinit innovation in traffic systems SE, Annual General Meeting, May 22, 2025init innovation in traffic systems SE, Annual General Meeting, May 22, 2025, at 10:00 W. Europe Standard Time.
Reported Earnings • Nov 14Third quarter 2024 earnings released: EPS: €0.34 (vs €0.37 in 3Q 2023)Third quarter 2024 results: EPS: €0.34 (down from €0.37 in 3Q 2023). Revenue: €63.6m (up 19% from 3Q 2023). Net income: €3.32m (down 10% from 3Q 2023). Profit margin: 5.2% (down from 6.9% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Software industry in Germany. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.
공지 • Sep 18+ 3 more updatesinit innovation in traffic systems SE to Report First Half, 2025 Results on Aug 14, 2025init innovation in traffic systems SE announced that they will report first half, 2025 results on Aug 14, 2025
Reported Earnings • Aug 14Second quarter 2024 earnings released: EPS: €0.24 (vs €0.31 in 2Q 2023)Second quarter 2024 results: EPS: €0.24 (down from €0.31 in 2Q 2023). Revenue: €64.0m (up 25% from 2Q 2023). Net income: €2.42m (down 20% from 2Q 2023). Profit margin: 3.8% (down from 5.9% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Software industry in Germany. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings.
Upcoming Dividend • May 31Upcoming dividend of €0.70 per shareEligible shareholders must have bought the stock before 07 June 2024. Payment date: 11 June 2024. Payout ratio is a comfortable 36% but the company is not cash flow positive. Trailing yield: 1.7%. Lower than top quartile of German dividend payers (4.6%). Higher than average of industry peers (1.2%).
Reported Earnings • May 19First quarter 2024 earnings released: EPS: €0.24 (vs €0.17 loss in 1Q 2023)First quarter 2024 results: EPS: €0.24 (up from €0.17 loss in 1Q 2023). Revenue: €50.5m (up 31% from 1Q 2023). Net income: €2.40m (up €4.10m from 1Q 2023). Profit margin: 4.8% (up from net loss in 1Q 2023). The move to profitability was driven by higher revenue. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 9.8% growth forecast for the Software industry in Germany. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.
Buy Or Sell Opportunity • Apr 10Now 20% undervaluedOver the last 90 days, the stock has risen 10.0% to €37.40. The fair value is estimated to be €46.89, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.4% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to grow by 13% per annum. Earnings are also forecast to grow by 23% per annum over the same time period.
Valuation Update With 7 Day Price Move • Mar 28Investor sentiment improves as stock rises 17%After last week's 17% share price gain to €36.80, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 19x in the Software industry in Germany. Total returns to shareholders of 11% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €45.51 per share.
Price Target Changed • Mar 25Price target increased by 8.4% to €51.50Up from €47.50, the current price target is an average from 2 analysts. New target price is 52% above last closing price of €33.90. Stock is up 28% over the past year. The company is forecast to post earnings per share of €1.80 for next year compared to €1.54 last year.
Declared Dividend • Mar 24Dividend of €0.70 announcedShareholders will receive a dividend of €0.70. Ex-date: 7th June 2024 Payment date: 11th June 2024 Dividend yield will be 2.1%, which is higher than the industry average of 1.5%. Sustainability & Growth Dividend is covered by earnings (46% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 85% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • Mar 21Full year 2023 earnings: EPS and revenues exceed analyst expectationsFull year 2023 results: EPS: €1.54 (down from €1.67 in FY 2022). Revenue: €210.8m (up 10% from FY 2022). Net income: €15.2m (down 8.1% from FY 2022). Profit margin: 7.2% (down from 8.6% in FY 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) also surpassed analyst estimates by 2.0%. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 9.4% growth forecast for the Software industry in Germany. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has increased by 1% per year.
Valuation Update With 7 Day Price Move • Mar 07Investor sentiment improves as stock rises 20%After last week's 20% share price gain to €33.30, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 18x in the Software industry in Germany. Total returns to shareholders of 2.6% over the past three years.
공지 • Feb 18+ 4 more updatesinit innovation in traffic systems SE to Report Q3, 2024 Results on Nov 13, 2024init innovation in traffic systems SE announced that they will report Q3, 2024 results on Nov 13, 2024
Valuation Update With 7 Day Price Move • Nov 21Investor sentiment improves as stock rises 15%After last week's 15% share price gain to €30.30, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 27x in the Software industry in Germany. Total returns to shareholders of 10% over the past three years.
Reported Earnings • Nov 10Third quarter 2023 earnings released: EPS: €0.37 (vs €0.51 in 3Q 2022)Third quarter 2023 results: EPS: €0.37 (down from €0.51 in 3Q 2022). Revenue: €53.4m (up 5.8% from 3Q 2022). Net income: €3.70m (down 27% from 3Q 2022). Profit margin: 6.9% (down from 10.0% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 7.9% growth forecast for the Software industry in Germany. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has remained flat.
New Risk • Oct 18New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.1% average weekly change).
Reported Earnings • Aug 13Second quarter 2023 earnings released: EPS: €0.31 (vs €0.14 in 2Q 2022)Second quarter 2023 results: EPS: €0.31 (up from €0.14 in 2Q 2022). Revenue: €51.1m (up 13% from 2Q 2022). Net income: €3.03m (up 111% from 2Q 2022). Profit margin: 5.9% (up from 3.2% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Software industry in Germany. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.
공지 • May 26+ 3 more updatesinit innovation in traffic systems SE Announces Dividend for the Year 2022init innovation in traffic systems SE announced a regular dividend of EUR 0.60 per no-par value share will be paid for the 2022 financial year to reflect the positive trend in earnings.
Upcoming Dividend • May 19Upcoming dividend of €0.70 per share at 1.9% yieldEligible shareholders must have bought the stock before 26 May 2023. Payment date: 31 May 2023. Payout ratio is a comfortable 41% and this is well supported by cash flows. Trailing yield: 1.9%. Lower than top quartile of German dividend payers (4.7%). Higher than average of industry peers (1.6%).
Reported Earnings • May 18First quarter 2023 earnings released: €0.17 loss per share (vs €0.047 profit in 1Q 2022)First quarter 2023 results: €0.17 loss per share (down from €0.047 profit in 1Q 2022). Revenue: €38.5m (up 8.3% from 1Q 2022). Net loss: €1.69m (down 467% from profit in 1Q 2022). Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the Software industry in Germany. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has increased by 5% per year.
공지 • May 12+ 2 more updatesinit innovation in traffic systems SE, Annual General Meeting, May 25, 2023init innovation in traffic systems SE, Annual General Meeting, May 25, 2023.
Valuation Update With 7 Day Price Move • Apr 17Investor sentiment improves as stock rises 15%After last week's 15% share price gain to €33.70, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 26x in the Software industry in Germany. Total returns to shareholders of 54% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €16.68 per share.
Valuation Update With 7 Day Price Move • Apr 03Investor sentiment improves as stock rises 16%After last week's 16% share price gain to €30.75, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 27x in the Software industry in Germany. Total returns to shareholders of 54% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €15.85 per share.
Buying Opportunity • Feb 17Now 20% undervaluedOver the last 90 days, the stock is up 20%. The fair value is estimated to be €35.58, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.5% over the last 3 years. Earnings per share has grown by 4.4%. Revenue is forecast to grow by 35% in 2 years. Earnings is forecast to grow by 60% in the next 2 years.
Reported Earnings • Nov 16Third quarter 2022 earnings released: EPS: €0.51 (vs €0.21 in 3Q 2021)Third quarter 2022 results: EPS: €0.51 (up from €0.21 in 3Q 2021). Revenue: €50.5m (up 25% from 3Q 2021). Net income: €5.03m (up 141% from 3Q 2021). Profit margin: 10.0% (up from 5.2% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 7.8% growth forecast for the Software industry in Germany. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 5% per year.
Reported Earnings • Nov 12Third quarter 2022 earnings released: EPS: €0.51 (vs €0.21 in 3Q 2021)Third quarter 2022 results: EPS: €0.51 (up from €0.21 in 3Q 2021). Revenue: €50.5m (up 25% from 3Q 2021). Net income: €5.03m (up 141% from 3Q 2021). Profit margin: 10.0% (up from 5.2% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 7.8% growth forecast for the Software industry in Germany. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 6% per year.
Valuation Update With 7 Day Price Move • Nov 10Investor sentiment improved over the past weekAfter last week's 18% share price gain to €21.25, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 19x in the Software industry in Germany. Total returns to shareholders of 6.6% over the past three years.
Reported Earnings • Aug 11Second quarter 2022 earnings released: EPS: €0.14 (vs €0.33 in 2Q 2021)Second quarter 2022 results: EPS: €0.14 (down from €0.33 in 2Q 2021). Revenue: €45.1m (up 2.1% from 2Q 2021). Net income: €1.44m (down 56% from 2Q 2021). Profit margin: 3.2% (down from 7.5% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 19%, compared to a 7.7% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 10% per year whereas the company’s share price has increased by 7% per year.
Price Target Changed • Aug 03Price target decreased to €46.25Down from €51.25, the current price target is an average from 2 analysts. New target price is 108% above last closing price of €22.20. Stock is down 47% over the past year. The company is forecast to post earnings per share of €1.17 for next year compared to €1.25 last year.
Reported Earnings • May 13First quarter 2022 earnings: EPS in line with expectations, revenues disappointFirst quarter 2022 results: EPS: €0.047 (down from €0.18 in 1Q 2021). Revenue: €35.6m (down 12% from 1Q 2021). Net income: €462.0k (down 75% from 1Q 2021). Profit margin: 1.3% (down from 4.5% in 1Q 2021). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 18%. Earnings per share (EPS) were mostly in line with analyst estimates. Over the next year, revenue is forecast to grow 17%, compared to a 13% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 24% per year whereas the company’s share price has increased by 25% per year.
Upcoming Dividend • May 12Upcoming dividend of €0.55 per shareEligible shareholders must have bought the stock before 19 May 2022. Payment date: 23 May 2022. Payout ratio is a comfortable 44% and this is well supported by cash flows. Trailing yield: 2.0%. Lower than top quartile of German dividend payers (4.2%). In line with average of industry peers (2.0%).
Valuation Update With 7 Day Price Move • Mar 31Investor sentiment improved over the past weekAfter last week's 23% share price gain to €37.50, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 29x in the Software industry in Germany. Total returns to shareholders of 210% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €58.56 per share.
Valuation Update With 7 Day Price Move • Mar 14Investor sentiment improved over the past weekAfter last week's 17% share price gain to €28.20, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 29x in the Software industry in Germany. Total returns to shareholders of 98% over the past three years.
Buying Opportunity • Mar 05Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 30%. The fair value is estimated to be €32.29, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10% per annum over the last 3 years. Earnings per share has grown by 48% per annum over the last 3 years.
Buying Opportunity • Jan 25Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 28%. The fair value is estimated to be €39.86, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10% per annum over the last 3 years. Earnings per share has grown by 48% per annum over the last 3 years.
Reported Earnings • Nov 11Third quarter 2021 earnings released: EPS €0.21 (vs €0.40 in 3Q 2020)The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: €40.4m (down 19% from 3Q 2020). Net income: €2.09m (down 47% from 3Q 2020). Profit margin: 5.2% (down from 8.0% in 3Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has only increased by 39% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Aug 12Second quarter 2021 earnings released: EPS €0.33 (vs €0.19 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: €44.2m (up 7.5% from 2Q 2020). Net income: €3.31m (up 76% from 2Q 2020). Profit margin: 7.5% (up from 4.6% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has only increased by 40% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Aug 11Investor sentiment improved over the past weekAfter last week's 18% share price gain to €49.60, the stock trades at a forward P/E ratio of 32x. Average forward P/E is 36x in the Software industry in Germany. Total returns to shareholders of 196% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €32.05 per share.
Upcoming Dividend • May 13Upcoming dividend of €0.55 per shareEligible shareholders must have bought the stock before 20 May 2021. Payment date: 25 May 2021. Trailing yield: 1.3%. Lower than top quartile of German dividend payers (3.2%). Lower than average of industry peers (1.6%).
Reported Earnings • May 12First quarter 2021 earnings released: EPS €0.18 (vs €0.22 in 1Q 2020)The company reported a poor first quarter result with weaker earnings and profit margins, although revenues were flat. First quarter 2021 results: Revenue: €40.5m (flat on 1Q 2020). Net income: €1.84m (down 16% from 1Q 2020). Profit margin: 4.5% (down from 5.4% in 1Q 2020). Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has only increased by 27% per year, which means it is significantly lagging earnings growth.
Price Target Changed • Mar 30Price target decreased to €45.00Down from €49.00, the current price target is provided by 1 analyst. New target price is 35% above last closing price of €33.40. Stock is up 68% over the past year.
Reported Earnings • Mar 26Full year 2020 earnings releasedThe company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: €180.7m (up 16% from FY 2019). Net income: €14.9m (up 32% from FY 2019). Profit margin: 8.3% (up from 7.2% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth.
Price Target Changed • Mar 10Price target raised to €49.00Up from €45.00, the current price target is provided by 1 analyst. The new target price is 48% above the current share price of €33.20. As of last close, the stock is up 60% over the past year.
Price Target Changed • Mar 05Price target raised to €50.00Up from €46.00, the current price target is an average from 2 analysts. The new target price is 40% above the current share price of €35.60. As of last close, the stock is up 50% over the past year.
Is New 90 Day High Low • Jan 29New 90-day high: €36.10The company is up 49% from its price of €24.30 on 30 October 2020. The German market is up 20% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Software industry, which is up 17% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €30.89 per share.
Is New 90 Day High Low • Jan 08New 90-day high: €36.00The company is up 18% from its price of €30.40 on 09 October 2020. The German market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Software industry, which is down 18% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €32.02 per share.
Is New 90 Day High Low • Dec 24New 90-day high: €33.70The company is up 10.0% from its price of €30.60 on 25 September 2020. The German market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Software industry, which is down 18% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €31.38 per share.
Is New 90 Day High Low • Dec 08New 90-day high: €32.50The company is up 1.0% from its price of €32.20 on 09 September 2020. The German market is up 3.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Software industry, which is down 21% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €26.69 per share.
Reported Earnings • Nov 13Third quarter 2020 earnings released: EPS €0.40The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: €49.6m (up 39% from 3Q 2019). Net income: €3.95m (up 173% from 3Q 2019). Profit margin: 8.0% (up from 4.1% in 3Q 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Nov 05Market bids up stock over the past weekAfter last week's 21% share price gain to €29.40, the stock is trading at a trailing P/E ratio of 25.4x, up from the previous P/E ratio of 21x. This compares to an average P/E of 25x in the Software industry in Germany. Total returns to shareholders over the past three years are 55%.
Valuation Update With 7 Day Price Move • Oct 29Market pulls back on stock over the past weekAfter last week's 16% share price decline to €24.30, the stock is trading at a trailing P/E ratio of 24.6x, down from the previous P/E ratio of 29.3x. This compares to an average P/E of 24x in the Software industry in Germany. Total returns to shareholders over the past three years are 27%.
Is New 90 Day High Low • Oct 22New 90-day low: €26.90The company is down 13% from its price of €30.80 on 24 July 2020. The German market is down 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Software industry, which is down 11% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €21.00 per share.
Is New 90 Day High Low • Oct 02New 90-day low: €29.00The company is down 22% from its price of €37.00 on 03 July 2020. The German market is up 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Software industry, which is up 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €22.07 per share.