Tracsis Future Growth
Future criteria checks 3/6
Tracsis is forecast to grow earnings and revenue by 74.5% and 3.6% per annum respectively while EPS is expected to grow by 74.4% per annum.
Key information
74.5%
Earnings growth rate
74.38%
EPS growth rate
| Software earnings growth | 15.5% |
| Revenue growth rate | 3.6% |
| Future return on equity | n/a |
| Analyst coverage | Low |
| Last updated | 29 Apr 2026 |
Recent future growth updates
Recent updates
Narrative Update • May 03
TRCS: North American Rail Contract Will Support Future Earnings And Rerating Potential
Analysts have lifted their Tracsis price target by £6.18, reflecting updated views on discount rates, profit margins and future P/E assumptions, even though fair value estimates on the core business remain unchanged. What's in the News Tracsis issued new earnings guidance for the first half, with expected revenue of approximately £39 million compared with £36.3 million in H1 fiscal year 2025, framing investor expectations around near term trading (Corporate Guidance).Narrative Update • Apr 19
TRCS: North American Rail Contract Will Underpin Future Recurring Earnings Upside
Analysts have adjusted their Tracsis price target, reflecting updated assumptions around discount rates, revenue growth, profit margins and a higher future P/E of 110.31x. They are framing this as a fine tuning of their previous £6.18 view rather than a wholesale reset.Narrative Update • Apr 05
TRCS: North American Rail Contract Wins Will Support Future Recurring Upside
Analysts have adjusted their price target for Tracsis to reflect updated assumptions on discount rate, revenue growth, profit margins and a lower future P/E. The new target now sits at £6.18.Narrative Update • Mar 22
TRCS: North American Contracts Will Drive Future Recurring Revenue Upside
Analysts have adjusted their price target on Tracsis to £6.18. The change is largely tied to updated assumptions around discount rates, profit margin expectations and a higher future P/E multiple, while keeping fair value estimates stable.
Narrative Update • Mar 07
TRCS: New North American Contract Will Support Long-Term Dividend-Supported Upside
Analysts have revised their fair value price target for Tracsis to £7.01. This reflects updated views on the discount rate, revenue growth, profit margin and a higher assumed future P/E, and these revised inputs are being used to reset expectations around the risk and reward profile of the shares.Narrative Update • Feb 21
TRCS: Refined Assumptions Will Support Long-Term Dividend-Supported Upside
Analysts have made only modest adjustments to their Tracsis model, keeping the headline price target around £7.01 while fine tuning assumptions on the discount rate, revenue growth, profit margins and future P/E to reflect updated views on the company’s risk profile and earnings power. Valuation Changes Fair Value: The headline fair value is unchanged at £7.01, indicating no shift in the central price target used in the model.Narrative Update • Feb 06
TRCS: M&A Pipeline And Buybacks Will Support Future Share Upside
Analysts have nudged their price target on Tracsis higher to £6.18, a small adjustment that reflects updated assumptions on the discount rate and future P/E while keeping fair value estimates broadly unchanged. What's in the News Management reiterated that mergers and acquisitions remain a key part of Tracsis's growth plans, with a focus on disciplined bolt on deals that are fully integrated into a single group structure.Analysis Article • Jan 28
Tracsis (LON:TRCS) Could Be Struggling To Allocate Capital
When we're researching a company, it's sometimes hard to find the warning signs, but there are some financial metrics...Narrative Update • Jan 23
TRCS: M&A Execution And Buyback Programme Will Drive Future Upside
Narrative Update on Tracsis Analysts have nudged their price target on Tracsis slightly higher to reflect modest tweaks to the discount rate and forward P/E assumptions. This has resulted in a small uplift in estimated equity value, without a material change to the underlying fair value calculation.Narrative Update • Jan 09
TRCS: M&A Pipeline And Progressive Dividend Policy Will Support Future Upside
Analysts have kept their fair value estimate for Tracsis broadly unchanged, with only minor tweaks to inputs such as the discount rate and future P/E. As a result, the latest price target in £ terms is effectively stable compared with the prior figure.Narrative Update • Dec 25
TRCS: Expanded M&A Pipeline Will Drive Long-Term Dividend-Supported Upside
Analysts have trimmed their price target on Tracsis from £9.74 to £7.01, citing a higher implied discount rate and more conservative valuation multiples, even as they modestly increase their long term assumptions for revenue growth and profit margins. What's in the News Tracsis leadership reaffirmed that mergers and acquisitions remain a core pillar of the company’s long term growth strategy, highlighting an active pipeline and a disciplined, bolt on focus after a 3.5 year pause in deal making (Final Results Investor Presentation) Management stated that all future acquisitions will be fully integrated into a single Tracsis operating model, aiming to use M&A to supplement and support organic growth across the business (Final Results Investor Presentation) The Board recommended a final dividend of 1.4 pence per share for the year ended 31 July 2025, bringing the total dividend to 2.6 pence per share, in line with its progressive dividend policy, subject to shareholder approval (Company announcement) Valuation Changes The fair value estimate narrowed from £9.74 to £7.01, falling significantly to reflect a more conservative valuation framework.Narrative Update • Dec 11
TRCS: Future M&A Resumption And Progressive Dividend Policy Are Expected To Support Upside
Analysts have nudged their price target for Tracsis modestly higher to reflect slightly increased discount rate assumptions and a marginally richer future earnings multiple, while maintaining their view that the stock remains fairly valued around £6.18. What's in the News Management reaffirmed that mergers and acquisitions remain a core pillar of Tracsis's growth strategy, with a disciplined, bolt on pipeline intended to supplement organic expansion and be fully integrated into the unified business structure (Key Developments).Narrative Update • Nov 27
TRCS: Active Mergers And Dividend Momentum Are Expected To Drive Future Upside
Analysts have lowered their fair value estimate for Tracsis from £6.95 to £6.18. They cited revised assumptions around growth and profitability as the reason for this adjustment.Analysis Article • Nov 22
Is There An Opportunity With Tracsis plc's (LON:TRCS) 32% Undervaluation?
Key Insights The projected fair value for Tracsis is UK£4.98 based on 2 Stage Free Cash Flow to Equity Tracsis is...Analysis Article • Oct 10
Tracsis plc's (LON:TRCS) Prospects Need A Boost To Lift Shares
With a price-to-sales (or "P/S") ratio of 1.3x Tracsis plc ( LON:TRCS ) may be sending bullish signals at the moment...Analysis Article • Aug 02
An Intrinsic Calculation For Tracsis plc (LON:TRCS) Suggests It's 42% Undervalued
Key Insights Using the 2 Stage Free Cash Flow to Equity, Tracsis fair value estimate is UK£6.28 Current share price of...Analysis Article • May 18
Tracsis plc (LON:TRCS) Shares Fly 27% But Investors Aren't Buying For Growth
Tracsis plc ( LON:TRCS ) shareholders would be excited to see that the share price has had a great month, posting a 27...Analysis Article • Apr 26
Tracsis plc (LON:TRCS) Shares Could Be 40% Below Their Intrinsic Value Estimate
Key Insights The projected fair value for Tracsis is UK£6.22 based on 2 Stage Free Cash Flow to Equity Tracsis' UK£3.70...Analysis Article • Apr 04
Tracsis (LON:TRCS) Could Be Struggling To Allocate Capital
If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...
New Narrative • Feb 13
North American Expansion Will Open New Market Opportunities
Expansion into North America and focus on recurring revenue aims to boost revenue and market presence, mitigating single-market risk.Analysis Article • Jan 30
Tracsis plc (LON:TRCS) Not Doing Enough For Some Investors As Its Shares Slump 28%
To the annoyance of some shareholders, Tracsis plc ( LON:TRCS ) shares are down a considerable 28% in the last month...Analysis Article • Jun 14
A Look At The Fair Value Of Tracsis plc (LON:TRCS)
Key Insights Tracsis' estimated fair value is UK£9.79 based on 2 Stage Free Cash Flow to Equity Tracsis' UK£7.95 share...Analysis Article • Jan 11
This Is Why Tracsis plc's (LON:TRCS) CEO Compensation Looks Appropriate
Under the guidance of CEO Chris Barnes, Tracsis plc ( LON:TRCS ) has performed reasonably well recently. This is...Analysis Article • Nov 12
Earnings Miss: Tracsis plc Missed EPS By 60% And Analysts Are Revising Their Forecasts
Last week saw the newest annual earnings release from Tracsis plc ( LON:TRCS ), an important milestone in the company's...Analysis Article • Nov 03
An Intrinsic Calculation For Tracsis plc (LON:TRCS) Suggests It's 21% Undervalued
Does the November share price for Tracsis plc ( LON:TRCS ) reflect what it's really worth? Today, we will estimate the...Analysis Article • Nov 16
Here's What's Concerning About Tracsis' (LON:TRCS) Returns On Capital
To find a multi-bagger stock, what are the underlying trends we should look for in a business? One common approach is...Analysis Article • May 12
There Are Reasons To Feel Uneasy About Tracsis' (LON:TRCS) Returns On Capital
If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...Earnings and Revenue Growth Forecasts
| Date | Revenue | Earnings | Free Cash Flow | Cash from Op | Avg. No. Analysts |
|---|---|---|---|---|---|
| 7/31/2028 | 89 | 5 | 9 | 13 | 2 |
| 7/31/2027 | 87 | 4 | 9 | 13 | 4 |
| 7/31/2026 | 84 | 0 | 6 | 9 | 4 |
| 1/31/2026 | 85 | 1 | 9 | 11 | N/A |
| 10/31/2025 | 83 | 1 | 9 | 11 | N/A |
| 7/31/2025 | 82 | 1 | 9 | 11 | N/A |
| 4/30/2025 | 81 | 1 | 8 | 10 | N/A |
| 1/31/2025 | 81 | 1 | 8 | 9 | N/A |
| 10/31/2024 | 81 | 1 | 7 | 9 | N/A |
| 7/31/2024 | 81 | 0 | 7 | 9 | N/A |
| 4/30/2024 | 80 | 3 | 7 | 10 | N/A |
| 1/31/2024 | 79 | 5 | 8 | 11 | N/A |
| 10/31/2023 | 81 | 6 | 8 | 10 | N/A |
| 7/31/2023 | 82 | 7 | 8 | 10 | N/A |
| 4/30/2023 | 80 | 5 | 7 | 8 | N/A |
| 1/31/2023 | 79 | 2 | 6 | 7 | N/A |
| 10/31/2022 | 74 | 2 | 6 | 8 | N/A |
| 7/31/2022 | 69 | 2 | 7 | 8 | N/A |
| 4/30/2022 | 63 | 2 | 8 | 8 | N/A |
| 1/31/2022 | 57 | 2 | 8 | 9 | N/A |
| 10/31/2021 | 54 | 2 | 8 | 9 | N/A |
| 7/31/2021 | 50 | 2 | 9 | 9 | N/A |
| 4/30/2021 | 47 | 2 | 10 | 10 | N/A |
| 1/31/2021 | 44 | 2 | 11 | 11 | N/A |
| 10/31/2020 | 46 | 2 | 11 | 11 | N/A |
| 7/31/2020 | 48 | 3 | 10 | 11 | N/A |
| 4/30/2020 | 52 | 4 | 11 | 12 | N/A |
| 1/31/2020 | 57 | 5 | 12 | 13 | N/A |
| 10/31/2019 | 53 | 5 | N/A | 13 | N/A |
| 7/31/2019 | 49 | 5 | N/A | 12 | N/A |
| 4/30/2019 | 45 | 6 | N/A | 11 | N/A |
| 1/31/2019 | 41 | 7 | N/A | 9 | N/A |
| 10/31/2018 | 40 | 7 | N/A | 10 | N/A |
| 7/31/2018 | 40 | 7 | N/A | 11 | N/A |
| 4/30/2018 | 38 | 6 | N/A | 9 | N/A |
| 1/31/2018 | 37 | 4 | N/A | 8 | N/A |
| 10/31/2017 | 36 | 4 | N/A | 7 | N/A |
| 7/31/2017 | 34 | 4 | N/A | 6 | N/A |
| 4/30/2017 | 34 | 4 | N/A | 6 | N/A |
| 1/31/2017 | 34 | 4 | N/A | 6 | N/A |
| 10/31/2016 | 33 | 4 | N/A | 6 | N/A |
| 7/31/2016 | 31 | 4 | N/A | 6 | N/A |
| 4/30/2016 | 28 | 3 | N/A | 6 | N/A |
| 1/31/2016 | 25 | 3 | N/A | 6 | N/A |
| 10/31/2015 | 24 | 3 | N/A | 6 | N/A |
| 7/31/2015 | 23 | 4 | N/A | 5 | N/A |
Analyst Future Growth Forecasts
Earnings vs Savings Rate: TRCS's forecast earnings growth (74.5% per year) is above the savings rate (3.4%).
Earnings vs Market: TRCS's earnings (74.5% per year) are forecast to grow faster than the UK market (11.9% per year).
High Growth Earnings: TRCS's earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: TRCS's revenue (3.6% per year) is forecast to grow slower than the UK market (4.5% per year).
High Growth Revenue: TRCS's revenue (3.6% 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 TRCS's Return on Equity is forecast to be high in 3 years time
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/05/17 01:26 |
| End of Day Share Price | 2026/05/15 00:00 |
| Earnings | 2026/01/31 |
| Annual Earnings | 2025/07/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
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.
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Industry and Sector Metrics
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Analyst Sources
Tracsis plc is covered by 5 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Robert Chantry | Berenberg |
| Ciaran Donnelly | Berenberg |
| Alexander James Short | Berenberg |