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tick Trading Software

Market Cap

€42.9m

Last Updated

2021/09/16 17:49 UTC

Data Sources

Company Financials +

Executive Summary

tick Trading Software AG, a software company, provides solutions for professional trading of various asset classes worldwide. More Details


Snowflake Analysis

Flawless balance sheet with solid track record.

Share Price & News

How has tick Trading Software's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: TBX is not significantly more volatile than the rest of German stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: TBX's weekly volatility (6%) has been stable over the past year.


Market Performance


7 Day Return

0%

TBX

-1.1%

DE Software

-0.6%

DE Market


1 Year Return

73.2%

TBX

-7.1%

DE Software

22.5%

DE Market

Return vs Industry: TBX exceeded the German Software industry which returned -7.1% over the past year.

Return vs Market: TBX exceeded the German Market which returned 22.5% over the past year.


Shareholder returns

TBXIndustryMarket
7 Day0%-1.1%-0.6%
30 Day-4.5%-2.9%-1.3%
90 Day-3.2%3.4%2.2%
1 Year82.2%73.2%-5.7%-7.1%26.2%22.5%
3 Yearn/a30.8%25.3%33.8%22.9%
5 Yearn/a67.7%56.2%53.3%32.4%

Long-Term Price Volatility Vs. Market

How volatile is tick Trading Software's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is tick Trading Software undervalued compared to its fair value and its price relative to the market?

26.5%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: TBX (€42.6) is trading below our estimate of fair value (€58)

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


Price To Earnings Ratio

PE vs Industry: TBX is good value based on its PE Ratio (14.9x) compared to the German Software industry average (39.9x).

PE vs Market: TBX is good value based on its PE Ratio (14.9x) compared to the German market (23.3x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate TBX's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: TBX is overvalued based on its PB Ratio (8.8x) compared to the DE Software industry average (4.5x).


Future Growth

How is tick Trading Software forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

3.7%

Forecasted annual revenue growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if TBX's forecast earnings growth is above the savings rate (0.01%).

Earnings vs Market: Insufficient data to determine if TBX's earnings are forecast to grow faster than the German market

High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: TBX's revenue (3.7% per year) is forecast to grow slower than the German market (5.7% per year).

High Growth Revenue: TBX's revenue (3.7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if TBX's Return on Equity is forecast to be high in 3 years time


Past Performance

How has tick Trading Software performed over the past 5 years?

17.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: TBX has a large one-off gain of €853.0K impacting its March 31 2021 financial results.

Growing Profit Margin: TBX's current net profit margins (34.8%) are higher than last year (24.1%).


Past Earnings Growth Analysis

Earnings Trend: TBX's earnings have grown by 17.9% per year over the past 5 years.

Accelerating Growth: TBX's earnings growth over the past year (75.7%) exceeds its 5-year average (17.9% per year).

Earnings vs Industry: TBX earnings growth over the past year (75.7%) exceeded the Software industry -4.4%.


Return on Equity

High ROE: TBX's Return on Equity (59.5%) is considered outstanding.


Financial Health

How is tick Trading Software's financial position?


Financial Position Analysis

Short Term Liabilities: TBX's short term assets (€6.2M) exceed its short term liabilities (€1.2M).

Long Term Liabilities: TBX's short term assets (€6.2M) exceed its long term liabilities (€604.2K).


Debt to Equity History and Analysis

Debt Level: TBX is debt free.

Reducing Debt: TBX has not had any debt for past 5 years.

Debt Coverage: TBX has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: TBX has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is tick Trading Software current dividend yield, its reliability and sustainability?

4.72%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: TBX's dividend (4.72%) is higher than the bottom 25% of dividend payers in the German market (0.97%).

High Dividend: TBX's dividend (4.72%) is in the top 25% of dividend payers in the German market (3.16%)


Stability and Growth of Payments

Stable Dividend: Too early to tell whether TBX's dividend payments have been stable as they only just started paying a dividend.

Growing Dividend: Too early to tell if TBX's dividend payments are increasing as they only just started paying a dividend.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (70.1%), TBX's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

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


CEO

Gerd Goetz (58 yo)

no data

Tenure

Mr. Gerd Goetz serves as Member of Supervisory Board at Lang & Schwarz Aktiengesellschaft since 2021. He serves as Chief Executive Officer and Member of Management Board at tick Trading Software AG. Mr. Go...


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

tick Trading Software AG's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: tick Trading Software AG
  • Ticker: TBX
  • Exchange: DB
  • Founded: 2000
  • Industry: Application Software
  • Sector: Software
  • Market Cap: €42.877m
  • Shares outstanding: 1.01m
  • Website: https://www.tick-ts.de

Number of Employees


Location

  • tick Trading Software AG
  • Ernst-Schneider-Platz 1
  • Düsseldorf
  • North Rhine-Westphalia
  • 40212
  • Germany

Listings


Biography

tick Trading Software AG, a software company, provides solutions for professional trading of various asset classes worldwide. Its core product is TradeBase MX Platform, a trading system that controls mess...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/16 17:49
End of Day Share Price2021/09/15 00:00
Earnings2021/03/31
Annual Earnings2020/09/30


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.