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CTAC

CtacENXTAM:CTAC Stock Report

Market Cap

€58.5m

7D

0.5%

1Y

106.3%

Updated

23 Oct, 2021

Data

Company Financials +
CTAC fundamental analysis
Snowflake Score
Valuation6/6
Future Growth2/6
Past Performance6/6
Financial Health5/6
Dividends3/6

CTAC Overview

Ctac N.V. provides business and cloud integration services primarily in the Netherlands and Belgium.

Ctac Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Ctac
Historical stock prices
Current Share Price€4.29
52 Week High€1.90
52 Week Low€4.90
Beta1.68
1 Month Change2.14%
3 Month Change-7.74%
1 Year Change106.25%
3 Year Change47.44%
5 Year Change41.41%
Change since IPO-72.24%

Recent News & Updates

Jun 14
At €4.72, Is Ctac N.V. (AMS:CTAC) Worth Looking At Closely?

At €4.72, Is Ctac N.V. (AMS:CTAC) Worth Looking At Closely?

Ctac N.V. ( AMS:CTAC ), is not the largest company out there, but it saw a significant share price rise of over 20% in...

May 27
Be Wary Of Ctac (AMS:CTAC) And Its Returns On Capital

Be Wary Of Ctac (AMS:CTAC) And Its Returns On Capital

Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...

Apr 14
These 4 Measures Indicate That Ctac (AMS:CTAC) Is Using Debt Safely

These 4 Measures Indicate That Ctac (AMS:CTAC) Is Using Debt Safely

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...

Mar 15
Is Now The Time To Look At Buying Ctac N.V. (AMS:CTAC)?

Is Now The Time To Look At Buying Ctac N.V. (AMS:CTAC)?

Ctac N.V. ( AMS:CTAC ), might not be a large cap stock, but it received a lot of attention from a substantial price...

Shareholder Returns

CTACNL ITNL Market
7D0.5%0.7%1.8%
1Y106.3%70.0%41.2%

Return vs Industry: CTAC exceeded the Dutch IT industry which returned 70% over the past year.

Return vs Market: CTAC exceeded the Dutch Market which returned 41.2% over the past year.

Price Volatility

Is CTAC's price volatile compared to industry and market?
CTAC volatility
CTAC Beta1.68
Industry Beta1.06
Market Beta1

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

Volatility Over Time: CTAC's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1992430Henny L. Hilgerdenaarhttps://www.ctac.nl

Ctac N.V. provides business and cloud integration services primarily in the Netherlands and Belgium. The company offers cloud, programme and change management, agile consultancy, application management, licence management, service desk and coordination management, implementation, and consultancy and advice services. It also provides various solutions for cloud infrastructure, SAP S/4HANA, workplace, security, unified commerce, integration, data management, data and analytics, and customer experience.

Ctac Fundamentals Summary

How do Ctac's earnings and revenue compare to its market cap?
CTAC fundamental statistics
Market Cap€58.50m
Earnings (TTM)€5.43m
Revenue (TTM)€97.16m

10.8x

P/E Ratio

0.6x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
CTAC income statement (TTM)
Revenue€97.16m
Cost of Revenue€75.17m
Gross Profit€22.00m
Expenses€16.57m
Earnings€5.43m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

Oct 28, 2021

Earnings per share (EPS)0.40
Gross Margin22.64%
Net Profit Margin5.59%
Debt/Equity Ratio13.8%

How did CTAC perform over the long term?

See historical performance and comparison

Dividends

1.9%

Current Dividend Yield

20%

Payout Ratio

Valuation

Is Ctac 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: CTAC (€4.29) is trading below our estimate of fair value (€19.04)

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


Price To Earnings Ratio

PE vs Industry: CTAC is good value based on its PE Ratio (10.8x) compared to the European IT industry average (26.8x).

PE vs Market: CTAC is good value based on its PE Ratio (10.8x) compared to the Dutch market (21.8x).


Price to Earnings Growth Ratio

PEG Ratio: CTAC is good value based on its PEG Ratio (0.8x)


Price to Book Ratio

PB vs Industry: CTAC is good value based on its PB Ratio (2.5x) compared to the NL IT industry average (12.9x).


Future Growth

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

13.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CTAC's forecast earnings growth (13% per year) is above the savings rate (0.09%).

Earnings vs Market: CTAC's earnings (13% per year) are forecast to grow faster than the Dutch market (10.5% per year).

High Growth Earnings: CTAC's earnings are forecast to grow, but not significantly.

Revenue vs Market: CTAC's revenue (8.7% per year) is forecast to grow slower than the Dutch market (9.3% per year).

High Growth Revenue: CTAC's revenue (8.7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: CTAC's Return on Equity is forecast to be low in 3 years time (18.1%).


Past Performance

How has Ctac performed over the past 5 years?

10.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CTAC has high quality earnings.

Growing Profit Margin: CTAC's current net profit margins (5.6%) are higher than last year (3.1%).


Past Earnings Growth Analysis

Earnings Trend: CTAC's earnings have grown by 10.4% per year over the past 5 years.

Accelerating Growth: CTAC's earnings growth over the past year (110.1%) exceeds its 5-year average (10.4% per year).

Earnings vs Industry: CTAC earnings growth over the past year (110.1%) exceeded the IT industry 25.3%.


Return on Equity

High ROE: CTAC's Return on Equity (22.8%) is considered high.


Financial Health

How is Ctac's financial position?


Financial Position Analysis

Short Term Liabilities: CTAC's short term assets (€26.9M) do not cover its short term liabilities (€30.2M).

Long Term Liabilities: CTAC's short term assets (€26.9M) exceed its long term liabilities (€13.4M).


Debt to Equity History and Analysis

Debt Level: CTAC's debt to equity ratio (13.8%) is considered satisfactory.

Reducing Debt: CTAC's debt to equity ratio has reduced from 40.3% to 13.8% over the past 5 years.

Debt Coverage: CTAC's debt is well covered by operating cash flow (190.1%).

Interest Coverage: CTAC's interest payments on its debt are well covered by EBIT (12.9x coverage).


Balance Sheet


Dividend

What is Ctac current dividend yield, its reliability and sustainability?

1.86%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: CTAC's dividend (1.86%) is higher than the bottom 25% of dividend payers in the Dutch market (1.42%).

High Dividend: CTAC's dividend (1.86%) is low compared to the top 25% of dividend payers in the Dutch market (4.71%).


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, CTAC has been paying a dividend for less than 10 years.

Growing Dividend: CTAC's dividend payments have increased, but the company has only paid a dividend for 6 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (19.5%), CTAC's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: CTAC's dividends in 3 years are forecast to be well covered by earnings (46.1% payout ratio).


Next Steps

Management

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

6.7yrs

Average management tenure


CEO

Henny L. Hilgerdenaar (61 yo)

11.42yrs

Tenure

€470,000

Compensation

Mr. Henny L. J. Hilgerdenaar has been the Chief Executive Officer of Ctac N.V. since May 14, 2010 and serves as Member of Board of Directors. Mr. Hilgerdenaar served as Managing Director of Application Man...


CEO Compensation Analysis

Compensation vs Market: Henny L.'s total compensation ($USD546.70K) is about average for companies of similar size in the Dutch market ($USD458.30K).

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


Leadership Team

Experienced Management: CTAC's management team is seasoned and experienced (6.7 years average tenure).


Board Members

Experienced Board: CTAC's board of directors are not considered experienced ( 0.4 years average tenure), which suggests a new board.


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

Ctac N.V.'s employee growth, exchange listings and data sources


Key Information

  • Name: Ctac N.V.
  • Ticker: CTAC
  • Exchange: ENXTAM
  • Founded: 1992
  • Industry: IT Consulting and Other Services
  • Sector: Software
  • Market Cap: €58.504m
  • Shares outstanding: 13.64m
  • Website: https://www.ctac.nl

Number of Employees


Location

  • Ctac N.V.
  • Meerendonkweg 11
  • 's-Hertogenbosch
  • Noord-Brabant
  • 5216 TZ
  • Netherlands

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/23 18:01
End of Day Share Price2021/10/22 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.