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KTCG

Kapsch TrafficCom WBAG:KTCG Stock Report

Last Price

€12.80

Market Cap

€166.4m

7D

-2.3%

1Y

-16.3%

Updated

13 Aug, 2022

Data

Company Financials +
KTCG fundamental analysis
Snowflake Score
Valuation5/6
Future Growth4/6
Past Performance0/6
Financial Health4/6
Dividends0/6

KTCG Stock Overview

Kapsch TrafficCom AG provides technologies, solutions, and services for intelligent transportation systems.

Rewards

Trading at 63.7% below our estimate of its fair value

Earnings are forecast to grow 109.07% per year

Risk Analysis

No risks detected for KTCG from our risk checks.

Kapsch TrafficCom Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Kapsch TrafficCom
Historical stock prices
Current Share Price€12.80
52 Week High€17.04
52 Week Low€10.20
Beta0.61
1 Month Change0.79%
3 Month Change0.79%
1 Year Change-16.34%
3 Year Change-61.21%
5 Year Change-74.14%
Change since IPO-64.44%

Recent News & Updates

Apr 01
Does Kapsch TrafficCom (VIE:KTCG) Have A Healthy Balance Sheet?

Does Kapsch TrafficCom (VIE:KTCG) Have A Healthy Balance Sheet?

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...

Shareholder Returns

KTCGAT ElectronicAT Market
7D-2.3%2.0%1.6%
1Y-16.3%-19.8%-6.7%

Return vs Industry: KTCG exceeded the Austrian Electronic industry which returned -19.8% over the past year.

Return vs Market: KTCG underperformed the Austrian Market which returned -6.7% over the past year.

Price Volatility

Is KTCG's price volatile compared to industry and market?
KTCG volatility
KTCG Average Weekly Movement3.9%
Electronic Industry Average Movement5.5%
Market Average Movement4.9%
10% most volatile stocks in AT Market7.2%
10% least volatile stocks in AT Market2.8%

Stable Share Price: KTCG is not significantly more volatile than the rest of Austrian stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: KTCG's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
18924,220Georg Kapschhttps://www.kapsch.net

Kapsch TrafficCom AG provides technologies, solutions, and services for intelligent transportation systems. It operates through two segments, Tolling and Traffic Management. The company offers solutions, including tolling, tolling services, traffic management, and traffic demand management.

Kapsch TrafficCom Fundamentals Summary

How do Kapsch TrafficCom's earnings and revenue compare to its market cap?
KTCG fundamental statistics
Market Cap€166.40m
Earnings (TTM)-€9.31m
Revenue (TTM)€519.80m

0.3x

P/S Ratio

-17.9x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
KTCG income statement (TTM)
Revenue€519.80m
Cost of Revenue€210.70m
Gross Profit€309.10m
Other Expenses€318.42m
Earnings-€9.31m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

Aug 17, 2022

Earnings per share (EPS)-0.72
Gross Margin59.47%
Net Profit Margin-1.79%
Debt/Equity Ratio231.1%

How did KTCG perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is KTCG undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for KTCG?

Other financial metrics that can be useful for relative valuation.

KTCG key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue0.6x
Enterprise Value/EBITDA27x
PEG Ration/a

Price to Sales Ratio vs Peers

How does KTCG's PS Ratio compare to its peers?

KTCG PS Ratio vs Peers
The above table shows the PS ratio for KTCG vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPSEstimated GrowthMarket Cap
Peer Average1.1x
6418 Japan Cash Machine
0.9xn/aJP¥20.2b
A090360 Robostar
1.5xn/a₩203.3b
3153 Yashima Denki
0.4xn/aJP¥22.1b
KUD Kudelski
0.2x3.4%CHF156.2m
KTCG Kapsch TrafficCom
0.3x7.5%€166.4m

Price-To-Sales vs Peers: KTCG is good value based on its Price-To-Sales Ratio (0.3x) compared to the peer average (1.1x).


Price to Earnings Ratio vs Industry

How does KTCG's PE Ratio compare vs other companies in the European Electronic Industry?

Price-To-Sales vs Industry: KTCG is good value based on its Price-To-Sales Ratio (0.3x) compared to the European Electronic industry average (1.4x)


Price to Sales Ratio vs Fair Ratio

What is KTCG's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

KTCG PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.3x
Fair PS Ratio1.1x

Price-To-Sales vs Fair Ratio: KTCG is good value based on its Price-To-Sales Ratio (0.3x) compared to the estimated Fair Price-To-Sales Ratio (1.1x).


Share Price vs Fair Value

What is the Fair Price of KTCG when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: KTCG (€12.8) is trading below our estimate of fair value (€35.29)

Significantly Below Fair Value: KTCG is trading below fair value by more than 20%.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


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Future Growth

How is Kapsch TrafficCom forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

Future Growth Score

4/6

Future Growth Score 4/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


109.1%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: KTCG is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (0.2%).

Earnings vs Market: KTCG is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: KTCG is expected to become profitable in the next 3 years.

Revenue vs Market: KTCG's revenue (7.5% per year) is forecast to grow faster than the Austrian market (-1.1% per year).

High Growth Revenue: KTCG's revenue (7.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: KTCG's Return on Equity is forecast to be low in 3 years time (14.4%).


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Past Performance

How has Kapsch TrafficCom performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-54.7%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: KTCG is currently unprofitable.

Growing Profit Margin: KTCG is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: KTCG is unprofitable, and losses have increased over the past 5 years at a rate of 54.7% per year.

Accelerating Growth: Unable to compare KTCG's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: KTCG is unprofitable, making it difficult to compare its past year earnings growth to the Electronic industry (17.4%).


Return on Equity

High ROE: KTCG has a negative Return on Equity (-7.91%), as it is currently unprofitable.


Discover strong past performing companies

Financial Health

How is Kapsch TrafficCom's financial position?

Financial Health Score

4/6

Financial Health Score 4/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Stable Cash Runway

  • Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: KTCG's short term assets (€316.5M) exceed its short term liabilities (€240.2M).

Long Term Liabilities: KTCG's short term assets (€316.5M) exceed its long term liabilities (€194.0M).


Debt to Equity History and Analysis

Debt Level: KTCG's net debt to equity ratio (152.4%) is considered high.

Reducing Debt: KTCG's debt to equity ratio has increased from 85.9% to 231.1% over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Whilst unprofitable KTCG has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: KTCG is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 32.7% per year.


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Dividend

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

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


3.91%

Forecast Dividend Yield

Dividend Yield vs Market

Notable Dividend: Unable to evaluate KTCG's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate KTCG's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if KTCG's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if KTCG's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: KTCG is not paying a notable dividend for the Austrian market.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as KTCG has not reported any payouts.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

3.3yrs

Average management tenure


CEO

Georg Kapsch (63 yo)

19.67yrs

Tenure

€1,108,000

Compensation

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...


CEO Compensation Analysis

Compensation vs Market: Insufficient data to establish whether Georg's total compensation is reasonable compared to companies of similar size in the Austrian market.

Compensation vs Earnings: Georg's compensation has increased whilst the company is unprofitable.


Leadership Team

Experienced Management: KTCG's management team is considered experienced (3.3 years average tenure).


Board Members

Experienced Board: KTCG's board of directors are considered experienced (10 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Kapsch TrafficCom AG's employee growth, exchange listings and data sources


Key Information

  • Name: Kapsch TrafficCom AG
  • Ticker: KTCG
  • Exchange: WBAG
  • Founded: 1892
  • Industry: Electronic Equipment and Instruments
  • Sector: Tech
  • Implied Market Cap: €166.400m
  • Shares outstanding: 13.00m
  • Website: https://www.kapsch.net

Number of Employees


Location

  • Kapsch TrafficCom AG
  • Am Europlatz 2
  • Vienna
  • Vienna
  • 1120
  • Austria

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/13 00:00
End of Day Share Price2022/08/12 00:00
Earnings2022/03/31
Annual Earnings2022/03/31


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.