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Market Cap

UK£246.3m

Last Updated

2021/05/17 18:50 UTC

Data Sources

Company Financials +

Executive Summary

Tracsis plc, together with its subsidiaries, provides software development and consultancy services for the rail industry. More Details


Snowflake Analysis

Flawless balance sheet with high growth potential.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: TRCS is not significantly more volatile than the rest of UK stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: TRCS's weekly volatility (5%) has been stable over the past year.


Market Performance


7 Day Return

-6.9%

TRCS

-1.1%

GB Software

0.2%

GB Market


1 Year Return

46.1%

TRCS

2.7%

GB Software

22.8%

GB Market

Return vs Industry: TRCS exceeded the UK Software industry which returned 4.4% over the past year.

Return vs Market: TRCS exceeded the UK Market which returned 23.3% over the past year.


Shareholder returns

TRCSIndustryMarket
7 Day-6.9%-1.1%0.2%
30 Day3.7%-7.2%0.1%
90 Day26.2%-6.8%5.1%
1 Year46.1%46.1%12.3%2.7%28.3%22.8%
3 Year44.8%44.2%14.0%0.4%9.4%-3.1%
5 Year73.8%72.1%28.3%4.5%47.0%19.3%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

138.95x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: TRCS (£8.15) is trading above our estimate of fair value (£5.83)

Significantly Below Fair Value: TRCS is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: TRCS is poor value based on its PE Ratio (139x) compared to the UK Software industry average (53.2x).

PE vs Market: TRCS is poor value based on its PE Ratio (139x) compared to the UK market (25.6x).


Price to Earnings Growth Ratio

PEG Ratio: TRCS is poor value based on its PEG Ratio (1.7x)


Price to Book Ratio

PB vs Industry: TRCS is overvalued based on its PB Ratio (4.4x) compared to the GB Software industry average (4.1x).


Future Growth

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

83.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: TRCS's forecast earnings growth (83% per year) is above the savings rate (0.9%).

Earnings vs Market: TRCS's earnings (83% per year) are forecast to grow faster than the UK market (17.6% per year).

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

Revenue vs Market: TRCS's revenue (22.3% per year) is forecast to grow faster than the UK market (5.3% per year).

High Growth Revenue: TRCS's revenue (22.3% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

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


Past Performance

How has Tracsis performed over the past 5 years?

1.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: TRCS has high quality earnings.

Growing Profit Margin: TRCS's current net profit margins (3.9%) are lower than last year (9.3%).


Past Earnings Growth Analysis

Earnings Trend: TRCS's earnings have grown by 1.3% per year over the past 5 years.

Accelerating Growth: TRCS's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: TRCS had negative earnings growth (-67.8%) over the past year, making it difficult to compare to the Software industry average (3.3%).


Return on Equity

High ROE: TRCS's Return on Equity (3.1%) is considered low.


Financial Health

How is Tracsis's financial position?


Financial Position Analysis

Short Term Liabilities: TRCS's short term assets (£28.5M) exceed its short term liabilities (£16.7M).

Long Term Liabilities: TRCS's short term assets (£28.5M) exceed its long term liabilities (£14.9M).


Debt to Equity History and Analysis

Debt Level: TRCS is debt free.

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

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

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


Balance Sheet


Dividend

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


Dividend Yield vs Market

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

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


Stability and Growth of Payments

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

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


Current Payout to Shareholders

Dividend Coverage: TRCS is not paying a notable dividend for the UK market.


Future Payout to Shareholders

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


Next Steps

Management

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

0.8yrs

Average management tenure


CEO

Chris Barnes (45 yo)

2yrs

Tenure

UK£300,000

Compensation

Mr. Christopher Matthew Barnes, also known as Chris, serves as Chief Executive Officer and Executive Director at Tracsis plc since May 1, 2019. He has previously fulfilled a number of senior roles within R...


CEO Compensation Analysis

Compensation vs Market: Chris's total compensation ($USD423.57K) is below average for companies of similar size in the UK market ($USD723.24K).

Compensation vs Earnings: Chris's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.


Leadership Team

Experienced Management: TRCS's management team is not considered experienced ( 0.8 years average tenure), which suggests a new team.


Board Members

Experienced Board: TRCS's board of directors are considered experienced (5.9 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.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Tracsis plc's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Tracsis plc
  • Ticker: TRCS
  • Exchange: AIM
  • Founded: 2004
  • Industry: Application Software
  • Sector: Software
  • Market Cap: UK£246.312m
  • Shares outstanding: 29.32m
  • Website: https://www.tracsis.com

Number of Employees


Location

  • Tracsis plc
  • Nexus
  • Discovery Way
  • Leeds
  • West Yorkshire
  • LS2 3AA
  • United Kingdom

Listings


Biography

Tracsis plc, together with its subsidiaries, provides software development and consultancy services for the rail industry. It operates in two segments, Rail Technology and Services, and Traffic & Data Serv...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/05/17 18:50
End of Day Share Price2021/05/17 00:00
Earnings2021/01/31
Annual Earnings2020/07/31


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.