DB:IS7

Stock Analysis Report

InTiCa Systems

Executive Summary

InTiCa Systems AG develops, manufactures, and commercializes inductive components, passive analogue switches, and mechatronic assemblies in Germany and internationally.

Rewards

Trading at 57.5% below its fair value

Earnings are forecast to grow 31.35% per year

Became profitable this year

Risk Analysis

Interest payments are not well covered by earnings

Does not have a meaningful market cap (€31M)



Snowflake Analysis

Reasonable growth potential and fair value.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: IS7 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-2.6%

IS7

2.6%

DE Electronic

2.0%

DE Market


1 Year Return

32.7%

IS7

13.4%

DE Electronic

15.1%

DE Market

Return vs Industry: IS7 exceeded the German Electronic industry which returned 13.9% over the past year.

Return vs Market: IS7 exceeded the German Market which returned 15% over the past year.


Shareholder returns

IS7IndustryMarket
7 Day-2.6%2.6%2.0%
30 Day-4.5%9.1%1.0%
90 Day-4.5%8.0%3.8%
1 Year32.7%32.7%15.9%13.4%18.6%15.1%
3 Year63.8%63.8%54.4%49.2%16.8%6.6%
5 Year84.4%84.4%121.9%105.8%23.7%6.7%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

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

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: IS7 (€7.5) is trading below our estimate of fair value (€17.63)

Significantly Below Fair Value: IS7 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: IS7 is poor value based on its PE Ratio (187x) compared to the Electronic industry average (33.7x).

PE vs Market: IS7 is poor value based on its PE Ratio (187x) compared to the German market (21.1x).


Price to Earnings Growth Ratio

PEG Ratio: IS7 is poor value based on its PEG Ratio (6x)


Price to Book Ratio

PB vs Industry: IS7 is good value based on its PB Ratio (1.8x) compared to the DE Electronic industry average (1.8x).


Next Steps

Future Growth

How is InTiCa Systems forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

31.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: IS7's forecast earnings growth (31.4% per year) is above the savings rate (-0.4%).

Earnings vs Market: IS7's earnings (31.4% per year) are forecast to grow faster than the German market (13.3% per year).

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

Revenue vs Market: IS7's revenue (8.3% per year) is forecast to grow faster than the German market (5% per year).

High Growth Revenue: IS7's revenue (8.3% 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 IS7's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has InTiCa Systems performed over the past 5 years?

24.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: IS7 has high quality earnings.

Growing Profit Margin: IS7 became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: IS7 has become profitable over the past 5 years, growing earnings by 24.2% per year.

Accelerating Growth: IS7 has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: IS7 has become profitable in the last year, making it difficult to compare its past year earnings growth to the Electronic industry (-3.9%).


Return on Equity

High ROE: IS7's Return on Equity (0.9%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is InTiCa Systems's financial position?


Financial Position Analysis

Short Term Liabilities: IS7's short term assets (€29.1M) exceed its short term liabilities (€25.8M).

Long Term Liabilities: IS7's short term assets (€29.1M) exceed its long term liabilities (€17.5M).


Debt to Equity History and Analysis

Debt Level: IS7's debt to equity ratio (144.4%) is considered high.

Reducing Debt: IS7's debt to equity ratio has increased from 63% to 144.4% over the past 5 years.


Balance Sheet

Inventory Level: IS7 has a high level of physical assets or inventory.

Debt Coverage by Assets: IS7's debt is covered by short term assets (assets are 1.1x debt).


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: IS7 is profitable, therefore cash runway is not a concern.

Forecast Cash Runway: IS7 is profitable, therefore cash runway is not a concern.


Next Steps

Dividend

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


Dividend Yield vs Market

companyn/amarketbottom25%1.3%markettop25%3.6%industryaverage1.2%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: Unable to evaluate IS7's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate IS7'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 IS7's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if IS7'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 IS7'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?

4.6yrs

Average board tenure


CEO

Gregor Wasle (48yo)

€213,000

Compensation

Dr. Gregor Wasle serves as Chairman of Board of Directors at InTiCa Systems AG since 2019. Dr. Gregor Wasle has been Managing Director of the Austrian company ALUTECH GmbH, which belongs to the Salzburger  ...


CEO Compensation Analysis

Compensation vs Market: Gregor's total compensation ($USD230.94K) is below average for companies of similar size in the German market ($USD412.37K).

Compensation vs Earnings: Gregor's compensation has been consistent with company performance over the past year.


Board Members

NamePositionTenureCompensationOwnership
Udo Zimmer
Independent Chairman of Supervisory Board4.6yrs€19.50kno data
Werner Paletschek
Deputy Independent Chairman of Supervisory Board4.6yrs€17.75k0.12% 36.7k
Christian Fürst
Independent Member of Supervisory Board9.5yrs€15.25k0.11% 35.3k

4.6yrs

Average Tenure

Experienced Board: IS7's board of directors are considered experienced (4.6 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

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


Key Information

  • Name: InTiCa Systems AG
  • Ticker: IS7
  • Exchange: DB
  • Founded: 2000
  • Industry: Electronic Components
  • Sector: Tech
  • Market Cap: €31.036m
  • Shares outstanding: 4.22m
  • Website: https://www.intica-systems.com

Number of Employees


Location

  • InTiCa Systems AG
  • Spitalhofstraße 94
  • Passau
  • Bavaria
  • 94032
  • Germany

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
IS7DB (Deutsche Boerse AG)YesBearer SharesDEEURNov 2004
IS7XTRA (XETRA Trading Platform)YesBearer SharesDEEURNov 2004
0J9SLSE (London Stock Exchange)YesBearer SharesGBEURNov 2004
IS7DBATS-CHIXE (BATS 'Chi-X Europe')YesBearer SharesGBEURNov 2004

Biography

InTiCa Systems AG develops, manufactures, and commercializes inductive components, passive analogue switches, and mechatronic assemblies in Germany and internationally. The company operates through Automotive Technology and Industrial Electronics segments. It offers solutions for power trains in the area of the stator, as well as related power electronics, such as EMC filters, transformers, and derating products; various types of actuator coils for handling, controlling, and measuring applications; antennas and transponder technology for applications in driving and access authorization, and keyless entry/go systems; components for special challenges from electromagnetic compatibility (EMC) solutions, such as interference-suppression chokes and EMC-filters; and antenna solutions in high and low frequency areas for safety engineering applications, including tire pressure monitoring systems. The company also provides EMC filters/components for various electronic applications; AC-filter chokes, boost converters and boost chokes, high-frequency transformers, and inductive modules for solar converters; solenoid coils for various applications; solutions for transformers, coils, and hybrid transformers for frequency converters, as well as stator windings for electric motors; xDSL filter products for use in telecommunication networks; and various components of broadband cable. In addition, it offers manufacturing technology for plastic injections, soldering, resistance welding, ultra-sound welding, crimping, bonding, compound filling, winding, and testing. InTiCa Systems AG was founded in 2000 and is headquartered in Passau, Germany. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/17 20:37
End of Day Share Price2020/02/14 00:00
Earnings2019/09/30
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.