IXX

init innovation in traffic systemsXTRA:IXX Stock Report

Market Cap

€452.6m

7D

1.6%

1Y

43.5%

Updated

16 Sep, 2021

Data

Company Financials +
IXX fundamental analysis
Snowflake Score
Valuation1/6
Future Growth3/6
Past Performance5/6
Financial Health5/6
Dividends4/6

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

Summary of all time highs, changes and price drops for init innovation in traffic systems
Historical stock prices
Current Share Price€45.50
52 Week High€23.20
52 Week Low€49.90
Beta0.95
1 Month Change-1.09%
3 Month Change10.84%
1 Year Change43.53%
3 Year Change167.65%
5 Year Change204.86%
Change since IPO783.50%

Recent News & Updates

Aug 10
At €48.50, Is It Time To Put init innovation in traffic systems SE (ETR:IXX) On Your Watch List?

At €48.50, Is It Time To Put init innovation in traffic systems SE (ETR:IXX) On Your Watch List?

While init innovation in traffic systems SE ( ETR:IXX ) might not be the most widely known stock at the moment, it led...

May 28
These 4 Measures Indicate That init innovation in traffic systems (ETR:IXX) Is Using Debt Reasonably Well

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

IXXDE SoftwareDE Market
7D1.6%-0.3%-0.8%
1Y43.5%-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

Is IXX's price volatile compared to industry and market?
IXX volatility
IXX Beta0.95
Industry Beta0.94
Market Beta1

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

FoundedEmployeesCEOWebsite
19831,036Gottfried Greschnerhttps://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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/16 21:31
End of Day Share Price2021/09/16 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.