technotrans (XTRA:TTR1) - Share price, News & Analysis

Q: What is the Fair Price of TTR1 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

TTR1 (€26.8) is trading below our estimate of [[fair value]] (€37.82)

TTR1 fundamental analysis
Snowflake Score
Valuation	3/6
Future Growth	4/6
Past Performance	3/6
Financial Health	6/6
Dividends	3/6

TTR1 Stock Overview

technotrans SE operates as a technology and services company worldwide.

Rewards

Trading at 29.1% below our estimate of its fair value

Earnings are forecast to grow 23.19% per year

Risk Analysis

Unstable dividend track record

technotrans Competitors

DVS Technology

XTRA:DIS

€158.7m

Koenig & Bauer

XTRA:SKB

€231.0m

Gesco

XTRA:GSC1

€269.9m

Ringmetall

XTRA:HP3A

€140.1m

Price History & Performance

Summary of all time highs, changes and price drops for technotrans
Historical stock prices
Current Share Price	€26.80
52 Week High	€32.15
52 Week Low	€20.85
Beta	1.89
1 Month Change	3.48%
3 Month Change	17.29%
1 Year Change	-1.83%
3 Year Change	26.42%
5 Year Change	-31.28%
Change since IPO	-7.34%

Recent News & Updates

May 09

technotrans (ETR:TTR1) Is Paying Out A Larger Dividend Than Last Year

technotrans SE's ( ETR:TTR1 ) dividend will be increasing to €0.51 on 18th of May. The announced payment will take the...

Apr 01

technotrans (ETR:TTR1) Is Increasing Its Dividend To €0.51

technotrans SE ( ETR:TTR1 ) will increase its dividend on the 18th of May to €0.51. Based on the announced payment, the...

Mar 17

technotrans (ETR:TTR1) Has Announced That It Will Be Increasing Its Dividend To €0.51

technotrans SE's ( ETR:TTR1 ) dividend will be increasing to €0.51 on 18th of May. This makes the dividend yield 2.2...

Shareholder Returns

	TTR1	DE Machinery	DE Market
7D	-0.6%	-1.4%	-1.3%
1Y	-1.8%	-31.3%	-22.2%

Return vs Industry: TTR1 exceeded the German Machinery industry which returned -30.7% over the past year.

Return vs Market: TTR1 exceeded the German Market which returned -21.5% over the past year.

Price Volatility

Is TTR1's price volatile compared to industry and market?
TTR1 volatility
TTR1 Average Weekly Movement	3.4%
Machinery Industry Average Movement	4.8%
Market Average Movement	5.6%
10% most volatile stocks in DE Market	10.2%
10% least volatile stocks in DE Market	2.9%

Stable Share Price: TTR1 is less volatile than 75% of German stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: TTR1's weekly volatility (3%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1970	1,433	Michael Finger	https://www.technotrans.com

technotrans SE operates as a technology and services company worldwide. It operates in Technology and Services segments. The company develops, manufactures, and sells plants and systems for industrial applications in the areas of cooling and temperature control, filtering and separating, and pumping and spraying liquids, as well as solutions for applications in the laser and machine tools area.

technotrans Fundamentals Summary

How do technotrans's earnings and revenue compare to its market cap?
TTR1 fundamental statistics
Market Cap	€185.13m
Earnings (TTM)	€7.02m
Revenue (TTM)	€211.10m

26.4x

P/E Ratio

0.9x

P/S Ratio

Is TTR1 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
TTR1 income statement (TTM)
Revenue	€211.10m
Cost of Revenue	€150.62m
Gross Profit	€60.48m
Other Expenses	€53.46m
Earnings	€7.02m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

Aug 09, 2022

Earnings per share (EPS)	1.02
Gross Margin	28.65%
Net Profit Margin	3.33%
Debt/Equity Ratio	37.2%

How did TTR1 perform over the long term?

See historical performance and comparison

Dividends

1.9%

Current Dividend Yield

50%

Payout Ratio

We’ve recently updated our valuation analysis.

Valuation

Is TTR1 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for TTR1?

Other financial metrics that can be useful for relative valuation.

The above table shows the n/a ratio for TTR1. This is calculated by dividing TTR1's market cap by their current preferred multiple.
What is TTR1's n/a Ratio?
n/a Ratio	0x
n/a	n/a
Market Cap	€185.13m

TTR1 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/Revenue	0.9x
Enterprise Value/EBITDA	13.2x
PEG Ratio	1.1x

Price to Earnings Ratio vs Peers

How does TTR1's PE Ratio compare to its peers?

TTR1 PE Ratio vs Peers

The above table shows the PE ratio for TTR1 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	PE	Estimated Growth	Market Cap
Peer Average	134.4x
DIS DVS Technology	503.8x	n/a	€158.7m
SKB Koenig & Bauer	15.5x	57.7%	€231.0m
GSC1 Gesco	8.5x	7.1%	€269.9m
HP3A Ringmetall	9.7x	-3.0%	€140.1m
TTR1 technotrans	26.4x	23.2%	€185.1m

Forward PE

Price-To-Earnings vs Peers: TTR1 is good value based on its Price-To-Earnings Ratio (26.4x) compared to the peer average (134.4x).

Price to Earnings Ratio vs Industry

How does TTR1's PE Ratio compare vs other companies in the DE Machinery Industry?

Price-To-Earnings vs Industry: TTR1 is expensive based on its Price-To-Earnings Ratio (26.4x) compared to the German Machinery industry average (16.3x)

Price to Earnings Ratio vs Fair Ratio

What is TTR1's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

TTR1 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	26.4x
Fair PE Ratio	20x

Price-To-Earnings vs Fair Ratio: TTR1 is expensive based on its Price-To-Earnings Ratio (26.4x) compared to the estimated Fair Price-To-Earnings Ratio (20x).

Share Price vs Fair Value

What is the Fair Price of TTR1 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: TTR1 (€26.8) is trading below our estimate of fair value (€37.82)

Significantly Below Fair Value: TTR1 is trading below fair value by more than 20%.

Price to Earnings Growth Ratio

PEG Ratio: TTR1 is poor value based on its PEG Ratio (1.1x)

Discover undervalued companies

Future Growth

How is technotrans forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

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

23.2%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: TTR1's forecast earnings growth (23.2% per year) is above the savings rate (-0.05%).

Earnings vs Market: TTR1's earnings (23.2% per year) are forecast to grow faster than the German market (8.4% per year).

High Growth Earnings: TTR1's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: TTR1's revenue (6.5% per year) is forecast to grow faster than the German market (4.8% per year).

High Growth Revenue: TTR1's revenue (6.5% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: TTR1's Return on Equity is forecast to be low in 3 years time (13.5%).

Discover growth companies

Past Performance

How has technotrans performed over the past 5 years?

Past Performance Score

3/6

Past Performance Score 3/6

Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE

-14.5%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: TTR1 has high quality earnings.

Growing Profit Margin: TTR1's current net profit margins (3.3%) are higher than last year (2.6%).

Past Earnings Growth Analysis

Earnings Trend: TTR1's earnings have declined by 14.5% per year over the past 5 years.

Accelerating Growth: TTR1's earnings growth over the past year (41.6%) exceeds its 5-year average (-14.5% per year).

Earnings vs Industry: TTR1 earnings growth over the past year (41.6%) underperformed the Machinery industry 82.5%.

Return on Equity

High ROE: TTR1's Return on Equity (8.3%) is considered low.

Discover strong past performing companies

Financial Health

How is technotrans's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage

Financial Position Analysis

Short Term Liabilities: TTR1's short term assets (€77.6M) exceed its short term liabilities (€34.6M).

Long Term Liabilities: TTR1's short term assets (€77.6M) exceed its long term liabilities (€27.8M).

Debt to Equity History and Analysis

Debt Level: TTR1's net debt to equity ratio (15.1%) is considered satisfactory.

Reducing Debt: TTR1's debt to equity ratio has reduced from 47.2% to 37.2% over the past 5 years.

Debt Coverage: TTR1's debt is well covered by operating cash flow (42.6%).

Interest Coverage: TTR1's interest payments on its debt are well covered by EBIT (17.4x coverage).

Balance Sheet

Discover healthy companies

Dividend

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

Dividend Score

3/6

Dividend Score 3/6

Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage

1.90%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: TTR1's dividend (1.9%) is higher than the bottom 25% of dividend payers in the German market (1.45%).

High Dividend: TTR1's dividend (1.9%) is low compared to the top 25% of dividend payers in the German market (4.49%).

Stability and Growth of Payments

Stable Dividend: TTR1 has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: TTR1's dividend payments have increased, but the company has only paid a dividend for 9 years.

Earnings Payout to Shareholders

Earnings Coverage: With its reasonable payout ratio (50.2%), TTR1's dividend payments are covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: With its reasonably low cash payout ratio (36.2%), TTR1's dividend payments are well covered by cash flows.

Discover strong dividend paying companies

Management

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

1.4yrs

Average board tenure

CEO

Michael Finger (51 yo)

2.08yrs

Tenure

€547,000

Compensation

Mr. Michael Finger is the Spokesman of the Executive Board and Chief Executive Officer at technotrans SE since August 1, 2020. He serves as Member of Management Board at Technotrans SE since May 1, 2020 an...

CEO Compensation Analysis

Compensation vs Market: Michael's total compensation ($USD572.71K) is about average for companies of similar size in the German market ($USD682.03K).

Compensation vs Earnings: Michael's compensation has increased by more than 20% in the past year.

Board Members

Experienced Board: TTR1's board of directors are not considered experienced ( 1.4 years average tenure), which suggests a new board.

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.

Data	Last Updated (UTC time)
Company Analysis	2022/06/29 00:00
End of Day Share Price	2022/06/29 00:00
Earnings	2021/12/31
Annual Earnings	2021/12/31