Executive Summary
Kapsch TrafficCom AG provides intelligent transportation systems (ITS) worldwide.
Rewards
Risk Analysis
Snowflake Analysis
Undervalued established dividend payer.
Share Price & News
How has Kapsch TrafficCom's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: BZ6's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
18.7%
BZ6
4.2%
DE Electronic
7.1%
DE Market
1 Year Return
-40.9%
BZ6
-26.4%
DE Electronic
-17.5%
DE Market
Return vs Industry: BZ6 underperformed the German Electronic industry which returned -26.4% over the past year.
Return vs Market: BZ6 underperformed the German Market which returned -17.5% over the past year.
Shareholder returns
| BZ6 | Industry | Market | |
|---|---|---|---|
| 7 Day | 18.7% | 4.2% | 7.1% |
| 30 Day | -23.1% | -23.5% | -20.0% |
| 90 Day | -40.4% | -23.7% | -26.1% |
| 1 Year | -38.2%-40.9% | -24.9%-26.4% | -15.0%-17.5% |
| 3 Year | -52.1%-57.5% | -2.4%-5.6% | -18.8%-25.8% |
| 5 Year | -7.6%-22.4% | 55.0%43.6% | -17.9%-29.2% |
Price Volatility Vs. Market
How volatile is Kapsch TrafficCom's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Valuation
Is Kapsch TrafficCom undervalued compared to its fair value and its price relative to the market?
23.9%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: BZ6 (€17.45) is trading below our estimate of fair value (€22.9)
Significantly Below Fair Value: BZ6 is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: BZ6 is good value based on its PE Ratio (8.5x) compared to the Electronic industry average (15.8x).
PE vs Market: BZ6 is good value based on its PE Ratio (8.5x) compared to the German market (16.5x).
Price to Earnings Growth Ratio
PEG Ratio: BZ6 is poor value based on its PEG Ratio (1.6x)
Price to Book Ratio
PB vs Industry: BZ6 is good value based on its PB Ratio (0.9x) compared to the DE Electronic industry average (1.1x).
Next Steps
Future Growth
How is Kapsch TrafficCom forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
5.3%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: BZ6's forecast earnings growth (5.3% per year) is above the savings rate (-0.4%).
Earnings vs Market: BZ6's earnings (5.3% per year) are forecast to grow slower than the German market (14.2% per year).
High Growth Earnings: BZ6's earnings are forecast to grow, but not significantly.
Revenue vs Market: BZ6's revenue (0.5% per year) is forecast to grow slower than the German market (4.2% per year).
High Growth Revenue: BZ6's revenue (0.5% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: BZ6's Return on Equity is forecast to be low in 3 years time (9.3%).
Next Steps
Past Performance
How has Kapsch TrafficCom performed over the past 5 years?
16.2%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: BZ6 has high quality earnings.
Growing Profit Margin: BZ6's current net profit margins (3.5%) are lower than last year (3.9%).
Past Earnings Growth Analysis
Earnings Trend: BZ6 has become profitable over the past 5 years, growing earnings by 16.2% per year.
Accelerating Growth: BZ6's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: BZ6 had negative earnings growth (-7.5%) over the past year, making it difficult to compare to the Electronic industry average (-7.4%).
Return on Equity
High ROE: BZ6's Return on Equity (10.6%) is considered low.
Next Steps
Financial Health
How is Kapsch TrafficCom's financial position?
Financial Position Analysis
Short Term Liabilities: BZ6's short term assets (€502.0M) exceed its short term liabilities (€247.8M).
Long Term Liabilities: BZ6's short term assets (€502.0M) exceed its long term liabilities (€272.0M).
Debt to Equity History and Analysis
Debt Level: BZ6's debt to equity ratio (82.4%) is considered high.
Reducing Debt: BZ6's debt to equity ratio has increased from 68.7% to 82.4% over the past 5 years.
Debt Coverage: BZ6's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: BZ6's interest payments on its debt are well covered by EBIT (17.3x coverage).
Balance Sheet
Inventory Level: BZ6 has a low level of unsold assets or inventory.
Debt Coverage by Assets: BZ6's debt is covered by short term assets (assets are 2.6x debt).
Next Steps
Dividend
What is Kapsch TrafficCom's current dividend yield, its reliability and sustainability?
8.82%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: BZ6's dividend (8.82%) is higher than the bottom 25% of dividend payers in the German market (1.71%).
High Dividend: BZ6's dividend (8.82%) is in the top 25% of dividend payers in the German market (4.98%)
Stability and Growth of Payments
Stable Dividend: BZ6's dividend payments have been volatile in the past 10 years.
Growing Dividend: BZ6's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (74.7%), BZ6's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: BZ6's dividends in 3 years are forecast to be covered by earnings (68.7% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
3.9yrs
Average management tenure
CEO
Georg Kapsch (60yo)
17.25s
Tenure
€1,020,000
Compensation
Mag. Georg Kapsch, M.P. serves as the Chief Executive Officer at Kapsch TrafficCom Russia OOO. Mag. Kapsch serves as the Chairman of Executive Board at Kapsch TrafficCom AG and has been its Chief Executive ...
CEO Compensation Analysis
Compensation vs Market: Georg's total compensation ($USD1.13M) is above average for companies of similar size in the German market ($USD765.33K).
Compensation vs Earnings: Georg's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman of Executive Board & CEO | 17.25yrs | €1.02m | no data | |
| Member of Executive Board & COO | 9.92yrs | €571.00k | no data | |
| Executive Vice President of Finance | no data | no data | no data | |
| CTO & Member of Executive Board | 0.83yr | no data | no data | |
| Investor Relations & Compliance Officer | 3.58yrs | no data | no data | |
| Chief Technology Officer of North American Region | 3.92yrs | no data | no data | |
| Senior Vice President of Sales & Business Development - North America | 2.5yrs | no data | no data | |
| Senior Vice President of Western Europe | no data | no data | no data | |
| Head of Sales for United Kingdom | no data | no data | no data | |
| CEO & President of Kapsch TrafficCom IVHS | 9yrs | no data | no data |
3.9yrs
Average Tenure
55yo
Average Age
Experienced Management: BZ6's management team is considered experienced (3.9 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Member of Supervisory Board | 6.5yrs | no data | no data | |
| Deputy Chairman of the Supervisory Board | 14.75yrs | no data | no data | |
| Chairman of the Supervisory Board | 14.75yrs | no data | no data | |
| Member of Supervisory Board | 8.58yrs | no data | no data | |
| Member of Supervisory Board | 17.33yrs | no data | no data | |
| Member of Supervisory Board | 1.33yrs | no data | no data |
11.7yrs
Average Tenure
52yo
Average Age
Experienced Board: BZ6's board of directors are seasoned and experienced ( 11.7 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
Kapsch TrafficCom AG's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Kapsch TrafficCom AG
- Ticker: BZ6
- Exchange: DB
- Founded: 1892
- Industry: Electronic Equipment and Instruments
- Sector: Tech
- Market Cap: €221.000m
- Shares outstanding: 13.00m
- Website: https://www.kapschtraffic.com
Number of Employees
Location
- Kapsch TrafficCom AG
- Am Europlatz 2
- Vienna
- Vienna
- 1120
- Austria
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| KTCG | WBAG (Wiener Boerse AG) | Yes | Ordinary Shares | AT | EUR | Jun 2007 |
| BZ6 | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | Jun 2007 |
| 0GTO | LSE (London Stock Exchange) | Yes | Ordinary Shares | GB | EUR | Jun 2007 |
| KPSH.F | OTCPK (Pink Sheets LLC) | Yes | Ordinary Shares | US | USD | Jun 2007 |
| KTCGV | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Ordinary Shares | GB | EUR | Jun 2007 |
Biography
Kapsch TrafficCom AG provides intelligent transportation systems (ITS) worldwide. It operates through two segments, Electronic Toll Collection (ETC) and Intelligent Mobility Solutions. The company offers in-vehicle products, including CEN, WAVE, and GNSS/DSRC on-board units; transponders; and programming stations. It also provides RF field products comprising CEN DSRC and WAVE DSRC transceivers, RFID readers, and handheld readers; and video and sensor products, such as automatic number plate recognition and classification products. In addition, the company offers technical operation services, such as service and maintenance of the roadside components, as well as operation of point-of-sale and data center applications; and commercial operation services, including issuing the relevant access devices in the form of on-board units, transponders, and processing payments. Further, it operates points of sale and online shops; and manages Websites and mobile apps, as well as provides call center services. The company was founded in 1892 and is headquartered in Vienna, Austria. Kapsch TrafficCom AG is a subsidiary of KAPSCH-Group Beteiligungs GmbH.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/03/29 21:50 |
| End of Day Share Price | 2020/03/27 00:00 |
| Earnings | 2019/12/31 |
| Annual Earnings | 2019/03/31 |
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.