How does 4T2's PS Ratio compare to its peers?

4T2 is expensive based on its Price-To-Sales Ratio (1.9x) compared to the peer average (1.6x).

How does 4T2's PS Ratio compare vs other companies in the DE Software Industry?

4T2 is good value based on its Price-To-Sales Ratio (1.9x) compared to the German Software industry average (2.1x).

What is 4T2'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.

4T2 is expensive based on its Price-To-Sales Ratio (1.9x) compared to the estimated Fair Price-To-Sales Ratio (1.4x).

What is the Fair Price of 4T2 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

4T2 (€6) is trading below our estimate of [[fair value]] (€11.74)

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

Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

4T2 Stock Overview

Provides software and hardware, data analytics/GIS services for the rail, traffic data, and transportation industries in the United Kingdom, Ireland, rest of Europe, Europe, North America, and internationally. More details

4T2 fundamental analysis
Snowflake Score
Valuation	4/6
Future Growth	3/6
Past Performance	1/6
Financial Health	6/6
Dividends	0/6

Rewards

Trading at 48.9% below our estimate of its fair value

Earnings are forecast to grow 44.6% per year

Analysts in good agreement that stock price will rise by 132.8%

Risk Analysis

Volatile share price over the past 3 months compared to the German market

Profit margins (0.6%) are lower than last year (8.3%)

My Notes

Capture your thoughts, links and company narrative

Tracsis plc Competitors

Fabasoft

XTRA:FAA

€186.0m

USU Software

HMSE:OSP2

€215.8m

Serviceware

XTRA:SJJ

€135.5m

Easy Software

HMSE:ESY

€121.8m

Price History & Performance

Summary of share price highs, lows and changes for Tracsis
Historical stock prices
Current Share Price	UK£6.00
52 Week High	UK£10.90
52 Week Low	UK£5.70
Beta	0.74
1 Month Change	-10.45%
3 Month Change	-15.49%
1 Year Change	n/a
3 Year Change	n/a
5 Year Change	n/a
Change since IPO	-42.31%

Recent updates

Shareholder Returns

	4T2	DE Software	DE Market
7D	-4.0%	-1.7%	-2.6%
1Y	n/a	65.5%	6.9%

Return vs Industry: Insufficient data to determine how 4T2 performed against the German Software industry.

Return vs Market: Insufficient data to determine how 4T2 performed against the German Market.

Price Volatility

Is 4T2's price volatile compared to industry and market?
4T2 volatility
4T2 Average Weekly Movement	7.3%
Software Industry Average Movement	5.1%
Market Average Movement	4.8%
10% most volatile stocks in DE Market	11.3%
10% least volatile stocks in DE Market	2.4%

Stable Share Price: 4T2's share price has been volatile over the past 3 months compared to the German market.

Volatility Over Time: 4T2's weekly volatility (7%) has been stable over the past year, but is still higher than 75% of German stocks.

About the Company

Founded	Employees	CEO	Website
2004	550	Chris Barnes	tracsis.com

Tracsis plc, together with its subsidiaries, provides software and hardware, data analytics/GIS services for the rail, traffic data, and transportation industries in the United Kingdom, Ireland, rest of Europe, Europe, North America, and internationally. The company operates in two segments, Rail Technology & Services; and Data, Analytics, Consultancy & Events. The Rail Technology & Services segment provides a suite of operational software products covering timetabling, resource and rolling stock planning and optimization, real time performance and control, service recovery, retail services, incident management, retail services, and asset management; and infrastructure software services that include safety and risk management, data loggers and sensors, switch machines, track circuits, wiring and signalling systems, remote condition monitoring hardware and data acquisition, and asset optimisation and digital railway.

Tracsis plc Fundamentals Summary

How do Tracsis's earnings and revenue compare to its market cap?
4T2 fundamental statistics
Market cap	€190.22m
Earnings (TTM)	€588.11k
Revenue (TTM)	€97.64m

323.4x

P/E Ratio

1.9x

P/S Ratio

Is 4T2 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
4T2 income statement (TTM)
Revenue	UK£81.02m
Cost of Revenue	UK£35.01m
Gross Profit	UK£46.01m
Other Expenses	UK£45.53m
Earnings	UK£488.00k

Last Reported Earnings

Jul 31, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	0.016
Gross Margin	56.79%
Net Profit Margin	0.60%
Debt/Equity Ratio	0%

How did 4T2 perform over the long term?

See historical performance and comparison

Dividends

0.5%

Current Dividend Yield

148%

Payout Ratio

Does 4T2 pay a reliable dividends?

See 4T2 dividend history and benchmarks

When do you need to buy 4T2 by to receive an upcoming dividend?
Tracsis dividend dates
Ex Dividend Date	Jan 23 2025
Dividend Pay Date	Feb 07 2025
Days until Ex dividend	32 days
Days until Dividend pay date	47 days

Does 4T2 pay a reliable dividends?

See 4T2 dividend history and benchmarks

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/22 02:56
End of Day Share Price	2024/12/20 00:00
Earnings	2024/07/31
Annual Earnings	2024/07/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Tracsis plc is covered by 7 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Ciaran Donnelly	Berenberg
Robert Chantry	Berenberg
Andrew Murray Darley	Cavendish