| Snowflake Score | |
|---|---|
| Valuation | 1/6 |
| Future Growth | 3/6 |
| Past Performance | 5/6 |
| Financial Health | 5/6 |
| Dividends | 4/6 |
IXX Overview
init innovation in traffic systems SE provides intelligent transportation systems solutions for public transportation worldwide.
init innovation in traffic systems Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | €45.50 |
| 52 Week High | €23.20 |
| 52 Week Low | €49.90 |
| Beta | 0.95 |
| 1 Month Change | -1.09% |
| 3 Month Change | 10.84% |
| 1 Year Change | 43.53% |
| 3 Year Change | 167.65% |
| 5 Year Change | 204.86% |
| Change since IPO | 783.50% |
Recent News & Updates
At €48.50, Is It Time To Put init innovation in traffic systems SE (ETR:IXX) On Your Watch List?
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These 4 Measures Indicate That init innovation in traffic systems (ETR:IXX) Is Using Debt Reasonably Well
The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Shareholder Returns
| IXX | DE Software | DE Market | |
|---|---|---|---|
| 7D | 1.6% | -0.3% | -0.8% |
| 1Y | 43.5% | -6.5% | 22.4% |
Return vs Industry: IXX exceeded the German Software industry which returned -7.1% over the past year.
Return vs Market: IXX exceeded the German Market which returned 22.5% over the past year.
Price Volatility
| IXX volatility | |
|---|---|
| IXX Beta | 0.95 |
| Industry Beta | 0.94 |
| Market Beta | 1 |
Stable Share Price: IXX is not significantly more volatile than the rest of German stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: IXX's weekly volatility (4%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1983 | 1,036 | Gottfried Greschner | https://www.initse.com |
init innovation in traffic systems SE provides intelligent transportation systems solutions for public transportation worldwide. The company develops, produces, integrates, installs, and maintains software and hardware products for transport companies. It offers research and development, planning and dispatching, analyzing and optimizing, ticketing and fare management, operations control and real-time passenger information, and service and maintenance solutions.
Valuation
Is init innovation in traffic systems undervalued compared to its fair value and its price relative to the market?
28.25x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: IXX (€45.5) is trading above our estimate of fair value (€31.09)
Significantly Below Fair Value: IXX is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: IXX is good value based on its PE Ratio (28.2x) compared to the German Software industry average (39.9x).
PE vs Market: IXX is poor value based on its PE Ratio (28.2x) compared to the German market (23.3x).
Price to Earnings Growth Ratio
PEG Ratio: IXX is poor value based on its PEG Ratio (2x)
Price to Book Ratio
PB vs Industry: IXX is overvalued based on its PB Ratio (4.9x) compared to the DE Software industry average (4.5x).
Future Growth
How is init innovation in traffic systems forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
14.1%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: IXX's forecast earnings growth (14.1% per year) is above the savings rate (0.01%).
Earnings vs Market: IXX's earnings (14.1% per year) are forecast to grow faster than the German market (12% per year).
High Growth Earnings: IXX's earnings are forecast to grow, but not significantly.
Revenue vs Market: IXX's revenue (12.1% per year) is forecast to grow faster than the German market (5.7% per year).
High Growth Revenue: IXX's revenue (12.1% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: IXX's Return on Equity is forecast to be low in 3 years time (19%).
Past Performance
How has init innovation in traffic systems performed over the past 5 years?
20.3%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: IXX has high quality earnings.
Growing Profit Margin: IXX's current net profit margins (8.7%) are higher than last year (6.3%).
Past Earnings Growth Analysis
Earnings Trend: IXX's earnings have grown significantly by 20.3% per year over the past 5 years.
Accelerating Growth: IXX's earnings growth over the past year (57.3%) exceeds its 5-year average (20.3% per year).
Earnings vs Industry: IXX earnings growth over the past year (57.3%) exceeded the Software industry -4.4%.
Return on Equity
High ROE: IXX's Return on Equity (17.6%) is considered low.
Financial Health
How is init innovation in traffic systems's financial position?
Financial Position Analysis
Short Term Liabilities: IXX's short term assets (€123.2M) exceed its short term liabilities (€73.8M).
Long Term Liabilities: IXX's short term assets (€123.2M) exceed its long term liabilities (€52.9M).
Debt to Equity History and Analysis
Debt Level: IXX's debt to equity ratio (42.9%) is considered high.
Reducing Debt: IXX's debt to equity ratio has reduced from 47.1% to 42.9% over the past 5 years.
Debt Coverage: IXX's debt is well covered by operating cash flow (47.4%).
Interest Coverage: IXX's interest payments on its debt are well covered by EBIT (21x coverage).
Balance Sheet
Dividend
What is init innovation in traffic systems's current dividend yield, its reliability and sustainability?
1.21%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: IXX's dividend (1.21%) is higher than the bottom 25% of dividend payers in the German market (0.97%).
High Dividend: IXX's dividend (1.21%) is low compared to the top 25% of dividend payers in the German market (3.16%).
Stability and Growth of Payments
Stable Dividend: IXX's dividend payments have been volatile in the past 10 years.
Growing Dividend: IXX's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (34.1%), IXX's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: IXX's dividends in 3 years are forecast to be well covered by earnings (32% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
5.4yrs
Average management tenure
CEO
Gottfried Greschner (75 yo)
20.67yrs
Tenure
Dr. -Ing., Gottfried Greschner, M.Sc. is the Founder of init innovation in traffic systems SE (formerly known as init innovation in traffic systems Aktiengesellschaft). Dr. Greschner serves as Chairman of...
Leadership Team
Experienced Management: IXX's management team is seasoned and experienced (5.4 years average tenure).
Board Members
Experienced Board: IXX's board of directors are considered experienced (6.4 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
init innovation in traffic systems SE's employee growth, exchange listings and data sources
Key Information
- Name: init innovation in traffic systems SE
- Ticker: IXX
- Exchange: XTRA
- Founded: 1983
- Industry: Systems Software
- Sector: Software
- Market Cap: €452.583m
- Shares outstanding: 9.94m
- Website: https://www.initse.com
Number of Employees
Location
- init innovation in traffic systems SE
- Kaeppelestrasse 4-10
- Karlsruhe
- Baden-Württemberg
- 76131
- Germany
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/09/16 21:31 |
| End of Day Share Price | 2021/09/16 00:00 |
| Earnings | 2021/06/30 |
| Annual Earnings | 2020/12/31 |
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.