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Kapsch TrafficCom

WBAG:KTCG
Snowflake Description

Established dividend payer with mediocre balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
KTCG
WBAG
€424M
Market Cap
  1. Home
  2. AT
  3. Tech
Company description

Kapsch TrafficCom AG provides intelligent transportation systems (ITS) worldwide. The last earnings update was 62 days ago. More info.


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KTCG Share Price and Events
7 Day Returns
1.9%
WBAG:KTCG
1.4%
Europe Electronic
1.2%
AT Market
1 Year Returns
-14.5%
WBAG:KTCG
0.8%
Europe Electronic
-3.1%
AT Market
KTCG Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Kapsch TrafficCom (KTCG) 1.9% 5.8% -10.7% -14.5% 8.7% -18.9%
Europe Electronic 1.4% 7.6% 14.7% 0.8% 36.8% 80%
AT Market 1.2% 6.8% 9.3% -3.1% 44.7% 32.6%
1 Year Return vs Industry and Market
  • KTCG underperformed the Electronic industry which returned 0.8% over the past year.
  • KTCG underperformed the Market in Austria which returned -3.1% over the past year.
Price Volatility
KTCG
Industry
5yr Volatility vs Market

KTCG Value

 Is Kapsch TrafficCom undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Kapsch TrafficCom to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Kapsch TrafficCom.

WBAG:KTCG Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 2 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.7%
Perpetual Growth Rate 10-Year AT Government Bond Rate 0.5%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for WBAG:KTCG
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year AT Govt Bond Rate 0.5%
Equity Risk Premium S&P Global 6.5%
Electronic Unlevered Beta Simply Wall St/ S&P Global 1.07
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.066 (1 + (1- 25%) (39.81%))
1.257
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.26
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.51% + (1.257 * 6.51%)
8.69%

Discounted Cash Flow Calculation for WBAG:KTCG using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Kapsch TrafficCom is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

WBAG:KTCG DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 8.69%)
2019 -46.96 Est @ -8.08% -43.20
2020 36.80 Analyst x1 31.15
2021 60.40 Analyst x1 47.03
2022 40.60 Analyst x1 29.09
2023 40.00 Analyst x1 26.36
2024 42.60 Analyst x1 25.83
2025 40.26 Est @ -5.5% 22.46
2026 38.77 Est @ -3.7% 19.90
2027 37.82 Est @ -2.44% 17.86
2028 37.24 Est @ -1.55% 16.18
Present value of next 10 years cash flows €192.66
WBAG:KTCG DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= €37.24 × (1 + 0.51%) ÷ (8.69% – 0.51%)
€457.28
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €457.28 ÷ (1 + 8.69%)10
€198.66
WBAG:KTCG Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €192.66 + €198.66
€391.32
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €391.32 / 13.00
€30.1
WBAG:KTCG Discount to Share Price
Calculation Result
Value per share (EUR) From above. €30.10
Current discount Discount to share price of €32.60
= -1 x (€32.60 - €30.10) / €30.10
-8.3%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Kapsch TrafficCom is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Kapsch TrafficCom's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Kapsch TrafficCom's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
WBAG:KTCG PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in EUR €2.17
WBAG:KTCG Share Price ** WBAG (2019-04-23) in EUR €32.6
Europe Electronic Industry PE Ratio Median Figure of 109 Publicly-Listed Electronic Companies 17.55x
Austria Market PE Ratio Median Figure of 52 Publicly-Listed Companies 14.56x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Kapsch TrafficCom.

WBAG:KTCG PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= WBAG:KTCG Share Price ÷ EPS (both in EUR)

= 32.6 ÷ 2.17

15.01x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Kapsch TrafficCom is good value based on earnings compared to the Europe Electronic industry average.
  • Kapsch TrafficCom is overvalued based on earnings compared to the Austria market.
Price based on expected Growth
Does Kapsch TrafficCom's expected growth come at a high price?
Raw Data
WBAG:KTCG PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 15.01x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
2%per year
Europe Electronic Industry PEG Ratio Median Figure of 74 Publicly-Listed Electronic Companies 1.63x
Austria Market PEG Ratio Median Figure of 32 Publicly-Listed Companies 1.24x

*Line of best fit is calculated by linear regression .

WBAG:KTCG PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 15.01x ÷ 2%

7.4x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Kapsch TrafficCom is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Kapsch TrafficCom's assets?
Raw Data
WBAG:KTCG PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in EUR €17.94
WBAG:KTCG Share Price * WBAG (2019-04-23) in EUR €32.6
Europe Electronic Industry PB Ratio Median Figure of 171 Publicly-Listed Electronic Companies 1.9x
Austria Market PB Ratio Median Figure of 60 Publicly-Listed Companies 1.24x
WBAG:KTCG PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= WBAG:KTCG Share Price ÷ Book Value per Share (both in EUR)

= 32.6 ÷ 17.94

1.82x

* Primary Listing of Kapsch TrafficCom.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Kapsch TrafficCom is good value based on assets compared to the Europe Electronic industry average.
X
Value checks
We assess Kapsch TrafficCom's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Electronic industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Electronic industry average (and greater than 0)? (1 check)
  5. Kapsch TrafficCom has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

KTCG Future Performance

 How is Kapsch TrafficCom expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Kapsch TrafficCom expected to grow at an attractive rate?
  • Kapsch TrafficCom's earnings growth is expected to exceed the low risk savings rate of 0.5%.
Growth vs Market Checks
  • Kapsch TrafficCom's earnings growth is positive but not above the Austria market average.
  • Kapsch TrafficCom's revenues are expected to decrease over the next 1-3 years, this is below the Austria market average.
Annual Growth Rates Comparison
Raw Data
WBAG:KTCG Future Growth Rates Data Sources
Data Point Source Value (per year)
WBAG:KTCG Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 2%
WBAG:KTCG Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts -5.4%
Europe Electronic Industry Earnings Growth Rate Market Cap Weighted Average 12.4%
Europe Electronic Industry Revenue Growth Rate Market Cap Weighted Average 6.9%
Austria Market Earnings Growth Rate Market Cap Weighted Average 9.1%
Austria Market Revenue Growth Rate Market Cap Weighted Average 2.6%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
WBAG:KTCG Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
WBAG:KTCG Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-03-31
2023-03-31
2022-03-31 610 34 1
2021-03-31 657 56 31 2
2020-03-31 747 46 38 2
2019-03-31 733 -2 32 2
WBAG:KTCG Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2018-12-31 719 -30 28
2018-09-30 690 26 23
2018-06-30 687 34 25
2018-03-31 694 42 29
2017-12-31 686 47 37
2017-09-30 685 29 37
2017-06-30 664 32 38
2017-03-31 652 55 44
2016-12-31 621 71 40
2016-09-30 588 92 35
2016-06-30 562 102 34
2016-03-31 527 98 31

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Kapsch TrafficCom's earnings are expected to grow by 2% yearly, however this is not considered high growth (20% yearly).
  • Kapsch TrafficCom's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
WBAG:KTCG Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

All data from Kapsch TrafficCom Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

WBAG:KTCG Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-03-31
2023-03-31
2022-03-31 2.62 2.62 2.62 1.00
2021-03-31 2.40 2.43 2.37 2.00
2020-03-31 2.93 3.42 2.44 2.00
2019-03-31 2.46 2.60 2.32 2.00
WBAG:KTCG Past Financials Data
Date (Data in EUR Millions) EPS *
2018-12-31 2.17
2018-09-30 1.80
2018-06-30 1.89
2018-03-31 2.21
2017-12-31 2.84
2017-09-30 2.87
2017-06-30 2.90
2017-03-31 3.35
2016-12-31 3.06
2016-09-30 2.69
2016-06-30 2.62
2016-03-31 2.39

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Kapsch TrafficCom is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Kapsch TrafficCom's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Kapsch TrafficCom has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

KTCG Past Performance

  How has Kapsch TrafficCom performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Kapsch TrafficCom's growth in the last year to its industry (Electronic).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Kapsch TrafficCom has delivered over 20% year on year earnings growth in the past 5 years.
  • Kapsch TrafficCom's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Kapsch TrafficCom's 1-year earnings growth is negative, it can't be compared to the Europe Electronic industry average.
Earnings and Revenue History
Kapsch TrafficCom's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Kapsch TrafficCom Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

WBAG:KTCG Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 719.06 28.24 275.09
2018-09-30 689.56 23.42 269.47
2018-06-30 687.48 24.61 265.61
2018-03-31 693.66 28.68 263.44
2017-12-31 685.72 36.95 261.17
2017-09-30 685.17 37.34 260.58
2017-06-30 663.73 37.70 257.18
2017-03-31 652.03 43.61 250.44
2016-12-31 620.79 39.81 227.59
2016-09-30 588.22 34.99 206.53
2016-06-30 562.15 34.00 194.22
2016-03-31 526.80 31.09 173.54
2015-12-31 486.73 29.61 187.41
2015-09-30 464.43 23.82 183.28
2015-06-30 455.86 14.14 171.35
2015-03-31 456.48 3.63 168.89
2014-12-31 481.59 -3.74 167.26
2014-09-30 488.59 -3.13 163.03
2014-06-30 483.69 -2.08 163.56
2014-03-31 487.11 -4.30 161.83
2013-12-31 533.08 18.71 160.04
2013-09-30 521.79 16.12 157.01
2013-06-30 504.23 12.72 154.43
2013-03-31 489.22 9.79 152.03
2012-12-31 453.09 -11.23 150.81
2012-09-30 474.67 -7.43 149.35
2012-06-30 521.75 3.59 144.88

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Kapsch TrafficCom has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Kapsch TrafficCom used its assets less efficiently than the Europe Electronic industry average last year based on Return on Assets.
  • Kapsch TrafficCom's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Kapsch TrafficCom's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Electronic industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Kapsch TrafficCom has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

KTCG Health

 How is Kapsch TrafficCom's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Kapsch TrafficCom's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Kapsch TrafficCom is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Kapsch TrafficCom's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Kapsch TrafficCom's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 2.7x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Kapsch TrafficCom Company Filings, last reported 3 months ago.

WBAG:KTCG Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 234.43 168.72 125.79
2018-09-30 220.94 167.85 136.12
2018-06-30 231.37 169.13 163.32
2018-03-31 229.93 168.43 184.05
2017-12-31 228.25 120.69 145.81
2017-09-30 222.30 194.30 177.68
2017-06-30 232.63 194.44 206.89
2017-03-31 227.31 195.38 213.46
2016-12-31 215.96 173.08 190.40
2016-09-30 207.33 174.72 173.31
2016-06-30 220.68 177.80 191.53
2016-03-31 230.66 107.08 140.78
2015-12-31 224.97 113.56 138.03
2015-09-30 218.57 121.42 102.34
2015-06-30 223.33 126.27 100.42
2015-03-31 219.36 137.95 102.06
2014-12-31 208.98 143.65 100.14
2014-09-30 214.79 146.72 70.85
2014-06-30 205.67 149.68 82.47
2014-03-31 213.11 156.05 62.66
2013-12-31 210.86 150.24 63.35
2013-09-30 218.45 149.80 49.51
2013-06-30 217.06 151.05 65.71
2013-03-31 236.70 124.03 83.53
2012-12-31 224.24 91.60 92.56
2012-09-30 222.50 92.57 76.22
2012-06-30 247.39 85.72 85.88
  • Kapsch TrafficCom's level of debt (72%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (71.3% vs 72% today).
  • Operating cash flow is negative therefore debt is not well covered.
  • Interest payments on debt are well covered by earnings (EBIT is 18.4x coverage).
X
Financial health checks
We assess Kapsch TrafficCom's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Kapsch TrafficCom has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

KTCG Dividends

 What is Kapsch TrafficCom's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
4.6%
Current annual income from Kapsch TrafficCom dividends. Estimated to be 4.6% next year.
If you bought €2,000 of Kapsch TrafficCom shares you are expected to receive €92 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Kapsch TrafficCom's pays a higher dividend yield than the bottom 25% of dividend payers in Austria (1.47%).
  • Kapsch TrafficCom's dividend is above the markets top 25% of dividend payers in Austria (4.59%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
WBAG:KTCG Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
Europe Electronic Industry Average Dividend Yield Market Cap Weighted Average of 92 Stocks 1.7%
Austria Market Average Dividend Yield Market Cap Weighted Average of 50 Stocks 3.3%
Austria Minimum Threshold Dividend Yield 10th Percentile 1.1%
Austria Bottom 25% Dividend Yield 25th Percentile 1.5%
Austria Top 25% Dividend Yield 75th Percentile 4.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

WBAG:KTCG Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2024-03-31
2023-03-31
2022-03-31 1.50 1.00
2021-03-31 1.50 2.00
2020-03-31 1.50 2.00
2019-03-31 1.50 2.00
WBAG:KTCG Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2018-06-18 1.500 4.342
2017-06-20 1.500 3.388
2016-08-24 1.500 3.693
2015-09-09 0.500 1.545
2015-02-25 0.000 0.000
2014-11-20 0.000 0.000
2014-08-20 0.000 0.000
2014-07-15 0.000 0.000
2014-06-25 0.000 0.000
2014-06-11 0.000 0.000
2013-09-12 0.400 1.011
2012-07-17 0.900 2.181
2012-04-16 0.900 1.442
2011-08-22 1.000 1.777
2010-06-16 0.750 1.533
2009-06-02 0.500 2.019
2009-04-24 0.900 5.223

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Kapsch TrafficCom's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.4x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.7x coverage).
X
Income/ dividend checks
We assess Kapsch TrafficCom's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Kapsch TrafficCom afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Kapsch TrafficCom has a total score of 5/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

KTCG Management

 What is the CEO of Kapsch TrafficCom's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Georg Kapsch
COMPENSATION €1,135,000
AGE 59
TENURE AS CEO 16.3 years
CEO Bio

Mag. Georg Kapsch, M.P. serves as the Chief Executive Officer at Kapsch TrafficCom Russia OOO. Mag. Kapsch serves as the Chairman of Executive Board at Kapsch TrafficCom AG and has been its Chief Executive Officer since December 2002. He has been a Member of Executive Board at Kapsch TrafficCom AG since December 2002. He has been the Chief Executive Officer of Kapsch AG and Kapsch-Group Beteiligungs GmbH, since October 2001 and October 2000 respectively. Mag. Kapsch serves as the Chairman of the Management Board of Kapsch AG. He has been Member of the Management Board of Kapsch AG, since July 1989 and Kapsch TrafficCom AG, since December 2002. Mag. Kapsch has been the Chairman of Technikum Wien Academy (Fachhochschule Technikum Wien) since September 2002, deputy chairman of the Austrian Association of the Electronics Industries (Hauptausschuss des µ Osterreichischen Verbandes der Elektronik-Industrie) since December 2002 and Vice President of the Austrian Electrotechnical Association (Fachverband der Elektro- und Elektronikindustrie) since January 2003. He serves as Deputy Chairman of Supervisory Board at Kapsch BusinessCom AG. He serves as Member of Supervisory Board at Teufelberger Holding Aktiengesellschaft. Mag. Kapsch studied business administration at Vienna University of Economics and Business Administration (Wirtschaftsuniversit at Wien) and graduated in 1981.

CEO Compensation
  • Georg's compensation has been consistent with company performance over the past year.
  • Georg's remuneration is higher than average for companies of similar size in Austria.
Management Team Tenure

Average tenure and age of the Kapsch TrafficCom management team in years:

3.4
Average Tenure
54
Average Age
  • The tenure for the Kapsch TrafficCom management team is about average.
Management Team

Georg Kapsch

TITLE
Chairman of Executive Board & CEO
COMPENSATION
€1M
AGE
59
TENURE
16.3 yrs

André Laux

TITLE
Member of Executive Board & COO
COMPENSATION
€589K
AGE
56
TENURE
9 yrs

Alexander Lewald

TITLE
Member of Executive Board & CTO
COMPENSATION
€531K
AGE
54
TENURE
3.4 yrs

Ulrike Klemm-Pöttinger

TITLE
Executive Vice President of Finance

Hans Lang

TITLE
Investor Relations & Compliance Officer
TENURE
2.7 yrs

Japjeev Kohli

TITLE
Chief Technology Officer of North American Region
TENURE
3 yrs

J. Kendrick

TITLE
Senior Vice President of Sales & Business Development - North America
TENURE
1.6 yrs

Nathalie Leboucher

TITLE
Senior Vice President of Western Europe
AGE
52

Chris Murray

TITLE
CEO & President of Kapsch TrafficCom IVHS
TENURE
8.2 yrs

Ingolf Planer

TITLE
Managing Director of Kapsch Components GmbH
AGE
46
Board of Directors Tenure

Average tenure and age of the Kapsch TrafficCom board of directors in years:

10.8
Average Tenure
51
Average Age
  • The average tenure for the Kapsch TrafficCom board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Franz Semmernegg

TITLE
Chairman of the Supervisory Board
AGE
50
TENURE
13.8 yrs

Kari Kapsch

TITLE
Deputy Chairman of the Supervisory Board
AGE
54
TENURE
13.8 yrs

Christian Windisch

TITLE
Member of Supervisory Board
AGE
55
TENURE
16.4 yrs

Claudia Rudolf-Misch

TITLE
Member of Supervisory Board
AGE
51
TENURE
0.4 yrs

Sabine Kauper

TITLE
Member of Supervisory Board
AGE
50
TENURE
7.7 yrs

Harald Sommerer

TITLE
Member of Supervisory Board
AGE
51
TENURE
5.6 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Kapsch TrafficCom's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Kapsch TrafficCom has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

KTCG News

Simply Wall St News

Did Kapsch TrafficCom AG (VIE:KTCG) Use Debt To Deliver Its ROE Of 12%?

Our data shows Kapsch TrafficCom has a return on equity of 12% for the last year. … That means that for every €1 worth of shareholders' equity, it generated €0.12 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Introducing Kapsch TrafficCom (VIE:KTCG), The Stock That Dropped 19% In The Last Year

While it may not be enough for some shareholders, we think it is good to see the Kapsch TrafficCom AG (VIE:KTCG) share price up 17% in a single quarter. … By comparing earnings per share (EPS) and share price changes over time, we can get a feel for how investor attitudes to a company have morphed over time. … This fall in the EPS is significantly worse than the 19% the share price fall.

Simply Wall St -

How Much Of Kapsch TrafficCom AG (VIE:KTCG) Do Institutions Own?

Large companies usually have institutions as shareholders, and we usually see insiders owning shares in smaller companies. … Kapsch TrafficCom is a smaller company with a market capitalization of €440m, so it may still be flying under the radar of many institutional investors. … institutions own shares in the company.

Simply Wall St -

Does Kapsch TrafficCom AG's (VIE:KTCG) CEO Pay Matter?

Georg Kapsch has been the CEO of Kapsch TrafficCom AG (VIE:KTCG) since 2002. … This report will, first, examine the CEO compensation levels in comparison to CEO compensation at companies of similar size. … How Does Georg Kapsch's Compensation Compare With Similar Sized Companies?

Simply Wall St -

Should Kapsch TrafficCom AG (VIE:KTCG) Be Part Of Your Dividend Portfolio?

Historically, Kapsch TrafficCom AG (VIE:KTCG) has paid dividends to shareholders, and these days it yields 4.4%. … Does Kapsch TrafficCom tick all the boxes of a great dividend stock? … Check out our latest analysis for Kapsch TrafficCom

Simply Wall St -

A Look At The Fair Value Of Kapsch TrafficCom AG (VIE:KTCG)

In this article I am going to calculate the intrinsic value of Kapsch TrafficCom AG (VIE:KTCG). … by taking the foreast future cash flows of the company and discounting them back to today's value. … Anyone interested in learning a bit more about intrinsic value should have a read of the Simply Wall St analysis model

Simply Wall St -

Are Kapsch TrafficCom AG's (VIE:KTCG) Interest Costs Too High?

Kapsch TrafficCom AG (VIE:KTCG) is a small-cap stock with a market capitalization of €426m. … While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health. … So, understanding the company's financial health becomes

Simply Wall St -

Is Kapsch TrafficCom AG's (VIE:KTCG) Future Growth Already Accounted For In Today's Price?

Looking at Kapsch TrafficCom AG’s (VIE:KTCG) fundamentals some investors are wondering if its last closing price of €29.05 represents a good value for money for this high growth stock. … View our latest analysis for Kapsch TrafficCom? … Kapsch TrafficCom's growth potential is very attractive

Simply Wall St -

Could Kapsch TrafficCom AG's (VIE:KTCG) Investor Composition Influence The Stock Price?

The big shareholder groups in Kapsch TrafficCom AG (VIE:KTCG) have power over the company. … Large companies usually have institutions as shareholders, and we usually see insiders owning shares in smaller companies. … Kapsch TrafficCom is not a large company by global standards.

Simply Wall St -

Here's What Kapsch TrafficCom AG's (VIE:KTCG) P/E Is Telling Us

We'll look at Kapsch TrafficCom AG's (VIE:KTCG) P/E ratio and reflect on what it tells us about the company's share price. … Based on the last twelve months, Kapsch TrafficCom's P/E ratio is 17.28. … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)

Simply Wall St -

KTCG Company Info

Description

Kapsch TrafficCom AG provides intelligent transportation systems (ITS) worldwide. It operates through two segments, Electronic Toll Collection (ETC) and Intelligent Mobility Solutions. The company offers in-vehicle products, including CEN, WAVE, and GNSS/DSRC on-board units; transponders; and programming stations. It also provides RF field products comprising CEN DSRC and WAVE DSRC transceivers, RFID readers, and handheld readers; and video and sensor products, such as automatic number plate recognition and classification products. In addition, the company offers technical operation services, such as service and maintenance of the roadside components, as well as operation of point-of-sale and data center applications; and commercial operation services, including issuing the relevant access devices in the form of on-board units, transponders, and processing payments. Further, it operates points of sale and online shops; and manages Websites and mobile apps, as well as provides call center services. The company was founded in 1892 and is headquartered in Vienna, Austria. Kapsch TrafficCom AG is a subsidiary of KAPSCH-Group Beteiligungs GmbH.

Details
Name: Kapsch TrafficCom AG
KTCG
Exchange: WBAG
Founded: 1892
€423,800,000
13,000,000
Website: http://www.kapschtraffic.com
Address: Kapsch TrafficCom AG
Am Europlatz 2,
Vienna,
Vienna, 1120,
Austria
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
WBAG KTCG Ordinary Shares Wiener Boerse AG AT EUR 26. Jun 2007
OTCPK KPSH.F Ordinary Shares Pink Sheets LLC US USD 26. Jun 2007
DB BZ6 Ordinary Shares Deutsche Boerse AG DE EUR 26. Jun 2007
LSE 0GTO Ordinary Shares London Stock Exchange GB EUR 26. Jun 2007
BATS-CHIXE KTCGV Ordinary Shares BATS 'Chi-X Europe' GB EUR 26. Jun 2007
Number of employees
Current staff
Staff numbers
4,932
Kapsch TrafficCom employees.
Industry
Electronic Equipment and Instruments
Tech
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/23 21:09
End of day share price update: 2019/04/23 00:00
Last estimates confirmation: 2019/04/08
Last earnings filing: 2019/02/20
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.