DB:TR9

Stock Analysis Report

Executive Summary

OTRS AG, together with its subsidiaries, provides open source OTRS service management software.


Snowflake Analysis

Excellent balance sheet with proven track record.

Share Price & News

How has OTRS's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: TR9 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0%

TR9

-6.4%

DE Software

-5.7%

DE Market


1 Year Return

-8.7%

TR9

26.8%

DE Software

6.1%

DE Market

Return vs Industry: TR9 underperformed the German Software industry which returned 26.8% over the past year.

Return vs Market: TR9 underperformed the German Market which returned 6.1% over the past year.


Shareholder returns

TR9IndustryMarket
7 Day0%-6.4%-5.7%
30 Day11.8%-5.6%-5.7%
90 Dayn/a-1.9%-3.6%
1 Year-8.7%-8.7%28.4%26.8%9.3%6.1%
3 Year131.4%131.4%46.5%40.7%8.9%-0.7%
5 Year375.0%375.0%111.9%96.9%13.6%-2.0%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is OTRS undervalued compared to its fair value and its price relative to the market?

40.66x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate TR9's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate TR9's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: TR9 is good value based on its PE Ratio (40.7x) compared to the Software industry average (42.9x).

PE vs Market: TR9 is poor value based on its PE Ratio (40.7x) compared to the German market (20.2x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate TR9's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: TR9 is overvalued based on its PB Ratio (9.3x) compared to the DE Software industry average (3.1x).


Next Steps

Future Growth

How is OTRS forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

18.2%

Forecasted Software industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as OTRS has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has OTRS performed over the past 5 years?

59.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: TR9 has a high level of non-cash earnings.

Growing Profit Margin: TR9's current net profit margins (5.3%) are higher than last year (3.9%).


Past Earnings Growth Analysis

Earnings Trend: TR9's earnings have grown significantly by 59.4% per year over the past 5 years.

Accelerating Growth: TR9's earnings growth over the past year (57.4%) is below its 5-year average (59.4% per year).

Earnings vs Industry: TR9 earnings growth over the past year (57.4%) exceeded the Software industry 14.6%.


Return on Equity

High ROE: TR9's Return on Equity (21.8%) is considered high.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is OTRS's financial position?


Financial Position Analysis

Short Term Liabilities: TR9's short term assets (€3.5M) do not cover its short term liabilities (€4.7M).

Long Term Liabilities: TR9's short term assets (€3.5M) exceed its long term liabilities (€817.7K).


Debt to Equity History and Analysis

Debt Level: TR9 is debt free.

Reducing Debt: TR9 has no debt compared to 5 years ago when its debt to equity ratio was 104.2%.

Debt Coverage: TR9 has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: TR9 has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet

Inventory Level: TR9 has a low level of unsold assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if TR9's debt is covered by short term assets.


Next Steps

Dividend

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


Dividend Yield vs Market

companyn/amarketbottom25%1.4%markettop25%3.8%industryaverage1.3%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: Unable to evaluate TR9's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate TR9's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if TR9's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if TR9's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of TR9's dividend in 3 years as they are not forecast to pay a notable one for the German market.


Next Steps

Management

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

6.3yrs

Average management tenure


CEO

André Mindermann (54yo)

3.1yrs

Tenure

0

Mr. André Mindermann co-founded OTRS Inc. in 2006 and serves as its Chief Executive Officer. Mr. Mindermann serves as Chairman of Management Board at OTRS AG and has been its Chief Executive Officer since  ...


Leadership Team

NamePositionTenureCompensationOwnership
Burchard Steinbild
Co-Founder & Chairman of Supervisory Board0yrsno datano data
André Mindermann
Co-Founder3.1yrsno datano data
Gabriele Brauer
Vice President of Global Finance0yrsno datano data
Christopher Kuhn
COO & Member of Management Board0yrsno datano data
Sabine Riedel
Member of Management Board and Executive of Global Marketing & Global Human Resources6.3yrsno datano data
Mathias Röhl
Head of Customer Solution Team & Director of Global Managed Services0yrsno datano data

6.3yrs

Average Tenure

54yo

Average Age

Experienced Management: TR9's management team is seasoned and experienced (6.3 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.


Top Shareholders

Company Information

OTRS AG's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: OTRS AG
  • Ticker: TR9
  • Exchange: DB
  • Founded: 2003
  • Industry: Application Software
  • Sector: Software
  • Market Cap: €18.205m
  • Shares outstanding: 1.92m
  • Website: https://www.otrs.com

Number of Employees


Location

  • OTRS AG
  • Zimmersmühlenweg 11
  • Oberursel
  • Hessen
  • 61440
  • Germany

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
TR9DB (Deutsche Boerse AG)YesCommon SharesDEEURDec 2009

Biography

OTRS AG, together with its subsidiaries, provides open source OTRS service management software. The company offers OTRS, a ticket and process management system that allows service management professionals in any industry to keep pace with today’s results-driven business environment. It also provides OTRS On-Premise solution and service desk software. The company its OTRS products in 40 different languages worldwide. OTRS AG was founded in 2003 and is headquartered in Oberursel, Germany. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/25 21:55
End of Day Share Price2020/02/25 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.