Aankondiging • Apr 18
IVU Traffic Technologies AG, Annual General Meeting, May 28, 2026 IVU Traffic Technologies AG, Annual General Meeting, May 28, 2026, at 10:00 W. Europe Standard Time. Reported Earnings • Mar 27
Full year 2025 earnings: EPS exceeds analyst expectations Full year 2025 results: EPS: €0.77 (up from €0.69 in FY 2024). Revenue: €151.5m (up 13% from FY 2024). Net income: €13.3m (up 11% from FY 2024). Profit margin: 8.8% (down from 9.0% in FY 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.3%. Revenue is forecast to grow 8.2% p.a. on average during the next 3 years, compared to a 10.0% growth forecast for the Software industry in Germany. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Declared Dividend • Feb 28
Dividend increased to €0.55 Dividend of €0.55 is 96% higher than last year. Ex-date: 29th May 2026 Payment date: 2nd June 2026 Dividend yield will be 2.8%, which is higher than the industry average of 1.5%. Sustainability & Growth Dividend is well covered by both earnings (36% earnings payout ratio) and cash flows (17% cash payout ratio). The dividend has increased by an average of 19% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 26% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Aankondiging • Feb 27
IVU Traffic Technologies AG announces Annual dividend, payable on June 02, 2026 IVU Traffic Technologies AG announced Annual dividend of EUR 0.3000 per share payable on June 02, 2026, ex-date on May 29, 2026 and record date on June 01, 2026. Valuation Update With 7 Day Price Move • Feb 12
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to €17.75, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 17x in the Software industry in Germany. Total returns to shareholders of 9.6% over the past three years. New Risk • Feb 11
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 1.4% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company. Reported Earnings • Nov 21
Third quarter 2025 earnings released: EPS: €0.22 (vs €0.15 in 3Q 2024) Third quarter 2025 results: EPS: €0.22 (up from €0.15 in 3Q 2024). Revenue: €38.4m (up 23% from 3Q 2024). Net income: €3.76m (up 40% from 3Q 2024). Profit margin: 9.8% (up from 8.6% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.9% 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 9% per year whereas the company’s share price has increased by 8% per year. Aankondiging • Nov 21
IVU Traffic Technologies AG to Report Q3, 2026 Results on Nov 19, 2026 IVU Traffic Technologies AG announced that they will report Q3, 2026 results on Nov 19, 2026 Reported Earnings • Aug 31
Second quarter 2025 earnings released: EPS: €0.033 (vs €0.023 in 2Q 2024) Second quarter 2025 results: EPS: €0.033 (up from €0.023 in 2Q 2024). Revenue: €33.5m (up 20% from 2Q 2024). Net income: €571.0k (up 41% from 2Q 2024). Profit margin: 1.7% (up from 1.5% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.6% 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 8% per year whereas the company’s share price has increased by 12% per year. Buy Or Sell Opportunity • Aug 18
Now 21% undervalued Over the last 90 days, the stock has risen 20% to €21.70. The fair value is estimated to be €27.40, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.5% over the last 3 years. Earnings per share has grown by 7.8%. Revenue is forecast to grow by 18% in 2 years. Earnings are forecast to grow by 20% in the next 2 years. Upcoming Dividend • May 22
Upcoming dividend of €0.28 per share Eligible shareholders must have bought the stock before 29 May 2025. Payment date: 02 June 2025. Payout ratio is a comfortable 40% and the cash payout ratio is 94%. Trailing yield: 1.5%. Lower than top quartile of German dividend payers (4.4%). Higher than average of industry peers (0.9%). Declared Dividend • Apr 16
Dividend increased to €0.28 Dividend of €0.28 is 7.7% higher than last year. Ex-date: 29th May 2025 Payment date: 2nd June 2025 Dividend yield will be 1.7%, which is higher than the industry average of 1.5%. Sustainability & Growth Dividend is covered by earnings (40% earnings payout ratio) but not adequately covered by cash flows (94% cash payout ratio). The dividend has increased by an average of 19% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 3.1% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. New Risk • Apr 05
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 21% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. This is currently the only risk that has been identified for the company. Reported Earnings • Mar 28
Full year 2024 earnings released: EPS: €0.69 (vs €0.65 in FY 2023) Full year 2024 results: EPS: €0.69 (up from €0.65 in FY 2023). Revenue: €135.4m (up 11% from FY 2023). Net income: €12.0m (up 5.8% from FY 2023). Profit margin: 8.9% (down from 9.3% in FY 2023). The decrease in margin was driven by higher expenses. 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. New Risk • Nov 26
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 29% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (29% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows. Reported Earnings • Sep 01
Second quarter 2024 earnings released: EPS: €0.023 (vs €0.05 in 2Q 2023) Second quarter 2024 results: EPS: €0.023 (down from €0.05 in 2Q 2023). Revenue: €28.9m (up 27% from 2Q 2023). Net income: €406.0k (down 54% from 2Q 2023). Profit margin: 1.4% (down from 3.9% in 2Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Buy Or Sell Opportunity • Jul 24
Now 21% overvalued Over the last 90 days, the stock has fallen 3.4% to €14.10. The fair value is estimated to be €11.67, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 9.6% over the last 3 years. Earnings per share has grown by 7.5%. Buy Or Sell Opportunity • Jul 02
Now 18% overvalued Over the last 90 days, the stock has fallen 8.9% to €13.90. The fair value is estimated to be €11.74, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 9.6% over the last 3 years. Earnings per share has grown by 7.5%. Buy Or Sell Opportunity • Jun 21
Now 20% overvalued Over the last 90 days, the stock has fallen 1.9% to €14.10. The fair value is estimated to be €11.74, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 9.6% over the last 3 years. Earnings per share has grown by 7.5%. Reported Earnings • May 29
First quarter 2024 earnings released: EPS: €0 (vs €0.013 loss in 1Q 2023) First quarter 2024 results: EPS: €0 (improved from €0.013 loss in 1Q 2023). Revenue: €27.0m (up 19% from 1Q 2023). Net income: €8.0k (up €242.0k from 1Q 2023). Profit margin: 0% (up from net loss in 1Q 2023). The move to profitability was driven by higher revenue. 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 5% per year, which means it is significantly lagging earnings. Upcoming Dividend • May 23
Upcoming dividend of €0.26 per share Eligible shareholders must have bought the stock before 30 May 2024. Payment date: 03 June 2024. Payout ratio is a comfortable 40% and this is well supported by cash flows. Trailing yield: 1.8%. Lower than top quartile of German dividend payers (4.6%). Higher than average of industry peers (1.2%). Valuation Update With 7 Day Price Move • Mar 29
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to €15.88, the stock trades at a trailing P/E ratio of 24.3x. Average trailing P/E is 21x in the Software industry in Germany. Total loss to shareholders of 11% over the past three years. Reported Earnings • Mar 22
Full year 2023 earnings released: EPS: €0.65 (vs €0.58 in FY 2022) Full year 2023 results: EPS: €0.65 (up from €0.58 in FY 2022). Revenue: €123.2m (up 8.8% from FY 2022). Net income: €11.4m (up 12% from FY 2022). Profit margin: 9.2% (up from 8.9% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 24
Third quarter 2023 earnings released: EPS: €0.09 (vs €0.14 in 3Q 2022) Third quarter 2023 results: EPS: €0.09 (down from €0.14 in 3Q 2022). Revenue: €30.8m (up 10% from 3Q 2022). Net income: €1.59m (down 36% from 3Q 2022). Profit margin: 5.1% (down from 8.9% in 3Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has fallen by 1% per year. Reported Earnings • Aug 23
Second quarter 2023 earnings released: EPS: €0.037 (vs €0.059 in 2Q 2022) Second quarter 2023 results: EPS: €0.037 (down from €0.059 in 2Q 2022). Revenue: €26.5m (up 3.5% from 2Q 2022). Net income: €652.0k (down 37% from 2Q 2022). Profit margin: 2.5% (down from 4.1% in 2Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 4% per year whereas the company’s share price has fallen by 3% per year. New Risk • Jun 10
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. Cash payout ratio: 195% Dividend yield: 1.5% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (22% accrual ratio). Minor Risk Dividend is not well covered by cash flows (195% cash payout ratio). Reported Earnings • May 25
First quarter 2023 earnings released: €0.013 loss per share (vs €0.022 loss in 1Q 2022) First quarter 2023 results: €0.013 loss per share (improved from €0.022 loss in 1Q 2022). Revenue: €23.4m (up 18% from 1Q 2022). Net loss: €234.0k (loss narrowed 40% from 1Q 2022). Over the last 3 years on average, earnings per share has fallen by 4% per year whereas the company’s share price has remained flat. Upcoming Dividend • May 19
Upcoming dividend of €0.24 per share at 1.5% yield Eligible shareholders must have bought the stock before 26 May 2023. Payment date: 30 May 2023. Payout ratio is a comfortable 41% but the company is paying out more than the cash it is generating. Trailing yield: 1.5%. Lower than top quartile of German dividend payers (4.7%). In line with average of industry peers (1.6%). Aankondiging • Oct 06
IVU Traffic Technologies AG, Annual General Meeting, May 25, 2023 IVU Traffic Technologies AG, Annual General Meeting, May 25, 2023. Reported Earnings • Aug 28
Second quarter 2022 earnings released: EPS: €0.059 (vs €0.041 in 2Q 2021) Second quarter 2022 results: EPS: €0.059 (up from €0.041 in 2Q 2021). Revenue: €25.6m (up 25% from 2Q 2021). Net income: €1.04m (up 43% from 2Q 2021). Profit margin: 4.1% (up from 3.6% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 20% per year, which means it is tracking significantly ahead of earnings growth. Aankondiging • Aug 04
IVU Traffic Technologies AG to Report Q2, 2022 Results on Aug 25, 2022 IVU Traffic Technologies AG announced that they will report Q2, 2022 results on Aug 25, 2022 Reported Earnings • May 25
First quarter 2022 earnings released: €0.022 loss per share (vs €0.041 loss in 1Q 2021) First quarter 2022 results: €0.022 loss per share (up from €0.041 loss in 1Q 2021). Revenue: €20.0m (up 9.7% from 1Q 2021). Net loss: €391.0k (loss narrowed 45% from 1Q 2021). Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 20% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • May 19
Upcoming dividend of €0.22 per share Eligible shareholders must have bought the stock before 26 May 2022. Payment date: 31 May 2022. Payout ratio is a comfortable 41% and this is well supported by cash flows. Trailing yield: 1.4%. Lower than top quartile of German dividend payers (4.4%). Lower than average of industry peers (2.0%). Reported Earnings • Apr 04
Full year 2021 earnings released: EPS: €0.53 (vs €0.57 in FY 2020) Full year 2021 results: EPS: €0.53 (down from €0.57 in FY 2020). Revenue: €102.9m (up 12% from FY 2020). Net income: €9.32m (down 7.7% from FY 2020). Profit margin: 9.1% (down from 11% in FY 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 35% per year, which means it is tracking significantly ahead of earnings growth. Aankondiging • Mar 04
IVU Traffic Technologies AG to Report Fiscal Year 2021 Results on Mar 31, 2022 IVU Traffic Technologies AG announced that they will report fiscal year 2021 results on Mar 31, 2022 Aankondiging • Feb 01
IVU Traffic Technologies AG Appoints Leon Struijk as Vice Chairman of Executive Board IVU Traffic Technologies AG announced CCO Leon Struijk was appointed Vice Chairman of the Executive Board. Reported Earnings • Nov 19
Third quarter 2021 earnings released: EPS €0.064 (vs €0.15 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: €20.7m (down 1.0% from 3Q 2020). Net income: €1.12m (down 57% from 3Q 2020). Profit margin: 5.4% (down from 12% in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 56% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Aug 28
Second quarter 2021 earnings released The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: €20.7m (up 12% from 2Q 2020). Net income: €728.0k (down 72% from 2Q 2020). Profit margin: 3.5% (down from 14% in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has increased by 55% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • May 30
First quarter 2021 earnings released: €0.041 loss per share (vs €0.059 loss in 1Q 2020) The company reported a solid first quarter result with reduced losses, improved revenues and improved control over expenses. First quarter 2021 results: Revenue: €18.3m (up 5.5% from 1Q 2020). Net loss: €712.0k (loss narrowed 32% from 1Q 2020). Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has increased by 55% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • May 21
Upcoming dividend of €0.20 per share Eligible shareholders must have bought the stock before 28 May 2021. Payment date: 01 June 2021. Trailing yield: 1.1%. Lower than top quartile of German dividend payers (3.2%). Lower than average of industry peers (1.6%). Reported Earnings • Mar 27
Full year 2020 earnings released: EPS €0.57 (vs €0.60 in FY 2019) The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: €98.1m (up 11% from FY 2019). Net income: €10.1m (down 4.6% from FY 2019). Profit margin: 10% (down from 12% in FY 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has increased by 57% per year, which means it is tracking significantly ahead of earnings growth. Is New 90 Day High Low • Dec 28
New 90-day high: €19.20 The company is up 19% from its price of €16.15 on 29 September 2020. The German market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Software industry, which is down 19% over the same period. Is New 90 Day High Low • Dec 04
New 90-day high: €17.25 The company is up 13% from its price of €15.30 on 04 September 2020. The German market is up 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Software industry, which is down 21% over the same period. Reported Earnings • Nov 22
Third quarter 2020 earnings released: EPS €0.15 The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: €20.9m (up 9.7% from 3Q 2019). Net income: €2.59m (up 61% from 3Q 2019). Profit margin: 12% (up from 8.5% 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 40% per year but the company’s share price has increased by 47% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Nov 20
Third quarter 2020 earnings released: EPS €0.15 The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: €21.2m (up 12% from 3Q 2019). Net income: €2.59m (up 61% from 3Q 2019). Profit margin: 12% (up from 8.5% 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 40% per year but the company’s share price has increased by 47% per year, which means it is tracking significantly ahead of earnings growth. Is New 90 Day High Low • Oct 26
New 90-day low: €14.30 The company is down 8.0% from its price of €15.60 on 28 July 2020. The German market is down 1.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Software industry, which is down 10.0% over the same period.