Tracsis Valuation

Is TRCS undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of TRCS when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: TRCS (£5.55) is trading below our estimate of fair value (£9.93)

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


Key Valuation Metric

Which metric is best to use when looking at relative valuation for TRCS?

Other financial metrics that can be useful for relative valuation.

TRCS key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue1.9x
Enterprise Value/EBITDA18.4x
PEG Ratio0.9x

Price to Earnings Ratio vs Peers

How does TRCS's PE Ratio compare to its peers?

The above table shows the PE ratio for TRCS vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average33.5x
NET Netcall
25.6xn/aUK£150.1m
APTD Aptitude Software Group
39.1x17.4%UK£189.9m
ACSO accesso Technology Group
32.4x14.4%UK£211.5m
ADVT AdvancedAdvT
37.1xn/aUK£169.8m
TRCS Tracsis
36x40.6%UK£168.4m

Price-To-Earnings vs Peers: TRCS is expensive based on its Price-To-Earnings Ratio (36x) compared to the peer average (33.5x).


Price to Earnings Ratio vs Industry

How does TRCS's PE Ratio compare vs other companies in the GB Software Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a20.1%
n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a20.1%
n/an/an/a
No more companies

Price-To-Earnings vs Industry: TRCS is expensive based on its Price-To-Earnings Ratio (36x) compared to the UK Software industry average (32.8x).


Price to Earnings Ratio vs Fair Ratio

What is TRCS's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

TRCS PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio36x
Fair PE Ratio41.2x

Price-To-Earnings vs Fair Ratio: TRCS is good value based on its Price-To-Earnings Ratio (36x) compared to the estimated Fair Price-To-Earnings Ratio (41.2x).


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst TRCS forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUK£5.55
UK£12.66
+128.2%
5.9%UK£13.40UK£11.50n/a4
Oct ’25UK£5.40
UK£12.66
+134.5%
5.9%UK£13.40UK£11.50n/a4
Sep ’25UK£6.60
UK£12.66
+91.9%
5.9%UK£13.40UK£11.50n/a4
Aug ’25UK£6.30
UK£13.03
+106.7%
2.8%UK£13.40UK£12.45n/a4
Jul ’25UK£7.20
UK£13.03
+80.9%
2.8%UK£13.40UK£12.45n/a4
Jun ’25UK£9.45
UK£13.40
+41.8%
2.9%UK£14.00UK£12.95n/a4
May ’25UK£8.85
UK£13.40
+51.4%
2.9%UK£14.00UK£12.95n/a4
Apr ’25UK£9.10
UK£13.48
+48.1%
3.7%UK£14.30UK£12.95n/a4
Mar ’25UK£9.20
UK£13.48
+46.5%
3.7%UK£14.30UK£12.95n/a4
Feb ’25UK£8.80
UK£13.48
+53.1%
3.7%UK£14.30UK£12.95n/a4
Jan ’25UK£9.30
UK£13.48
+44.9%
3.7%UK£14.30UK£12.95n/a4
Dec ’24UK£8.90
UK£13.48
+51.4%
3.7%UK£14.30UK£12.95n/a4
Nov ’24UK£7.00
UK£13.65
+95.0%
1.8%UK£13.90UK£13.40n/a2
Oct ’24UK£8.15
UK£13.71
+68.3%
3.0%UK£14.30UK£13.25UK£5.404
Sep ’24UK£7.30
UK£13.71
+87.8%
3.0%UK£14.30UK£13.25UK£6.604
Aug ’24UK£8.50
UK£13.71
+61.3%
3.0%UK£14.30UK£13.25UK£6.304
Jul ’24UK£9.00
UK£13.71
+52.4%
3.0%UK£14.30UK£13.25UK£7.204
Jun ’24UK£8.90
UK£13.71
+54.1%
3.0%UK£14.30UK£13.25UK£9.454
May ’24UK£9.45
UK£13.71
+45.1%
3.0%UK£14.30UK£13.25UK£8.854
Apr ’24UK£8.95
UK£13.68
+52.9%
3.3%UK£14.30UK£13.25UK£9.103
Mar ’24UK£9.35
UK£13.68
+46.3%
3.3%UK£14.30UK£13.25UK£9.203
Feb ’24UK£9.50
UK£13.68
+44.0%
3.3%UK£14.30UK£13.25UK£8.803
Jan ’24UK£9.70
UK£13.68
+41.1%
3.3%UK£14.30UK£13.25UK£9.303
Dec ’23UK£9.55
UK£13.68
+43.3%
3.3%UK£14.30UK£13.25UK£8.903
Nov ’23UK£9.20
UK£13.68
+48.7%
3.3%UK£14.30UK£13.25UK£7.003
Oct ’23UK£9.40
UK£13.68
+45.6%
3.3%UK£14.30UK£13.25UK£8.153

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.


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