MotorK (ENXTAM:MTRK) - Share price, News & Analysis

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

MTRK (€2.8) is trading below our estimate of [[fair value]] (€5.23)

MTRK fundamental analysis
Snowflake Score
Valuation	3/6
Future Growth	5/6
Past Performance	0/6
Financial Health	4/6
Dividends	0/6

MTRK Stock Overview

MotorK plc, together with its subsidiaries, provides software-as-a-service for the automotive retail industry in Europe, the Middle East, and Africa.

Rewards

Trading at 46.5% below our estimate of its fair value

Earnings are forecast to grow 73.71% per year

Risk Analysis

No risks detected for MTRK from our risk checks.

MotorK Competitors

CM.com

ENXTAM:CMCOM

€374.9m

TomTom

ENXTAM:TOM2

€1.1b

GeoJunxion

ENXTAM:GOJXN

€8.5m

Ctac

ENXTAM:CTAC

€54.9m

Price History & Performance

Summary of all time highs, changes and price drops for MotorK
Historical stock prices
Current Share Price	€2.80
52 Week High	€7.10
52 Week Low	€2.79
Beta	0
1 Month Change	-11.11%
3 Month Change	-39.13%
1 Year Change	n/a
3 Year Change	n/a
5 Year Change	n/a
Change since IPO	-53.33%

Shareholder Returns

	MTRK	NL Software	NL Market
7D	0%	2.9%	2.9%
1Y	n/a	-26.8%	-13.4%

Return vs Industry: Insufficient data to determine how MTRK performed against the Dutch Software industry.

Return vs Market: Insufficient data to determine how MTRK performed against the Dutch Market.

Price Volatility

Is MTRK's price volatile compared to industry and market?
MTRK volatility
MTRK Average Weekly Movement	6.0%
Software Industry Average Movement	6.3%
Market Average Movement	4.9%
10% most volatile stocks in NL Market	8.0%
10% least volatile stocks in NL Market	2.9%

Stable Share Price: MTRK is not significantly more volatile than the rest of Dutch stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: MTRK's weekly volatility (6%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
2010	418	Marco Marlia	https://www.motork.io

MotorK plc, together with its subsidiaries, provides software-as-a-service for the automotive retail industry in Europe, the Middle East, and Africa. The company offers a combination of automotive SaaS products and digital solutions to the digital lead generation, management, and nurturing process. It provides technology and software solutions for car manufacturers, dealers, and service centers.

MotorK Fundamentals Summary

How do MotorK's earnings and revenue compare to its market cap?
MTRK fundamental statistics
Market Cap	€113.39m
Earnings (TTM)	-€28.19m
Revenue (TTM)	€31.69m

3.6x

P/S Ratio

-4.0x

P/E Ratio

Is MTRK overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
MTRK income statement (TTM)
Revenue	€31.69m
Cost of Revenue	€34.61m
Gross Profit	-€2.92m
Other Expenses	€25.27m
Earnings	-€28.19m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)	-0.70
Gross Margin	-9.23%
Net Profit Margin	-88.96%
Debt/Equity Ratio	19.7%

How did MTRK perform over the long term?

See historical performance and comparison

We’ve recently updated our valuation analysis.

Valuation

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

Valuation Score

3/6

Valuation Score 3/6

Price-To-Sales vs Peers
Price-To-Sales vs Industry
Price-To-Sales vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Analyst Forecast

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

The above table shows the n/a ratio for MTRK. This is calculated by dividing MTRK's market cap by their current preferred multiple.
What is MTRK's n/a Ratio?
n/a Ratio	0x
n/a	n/a
Market Cap	€113.39m

MTRK 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/Revenue	2.9x
Enterprise Value/EBITDA	-7.2x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

How does MTRK's PS Ratio compare to its peers?

MTRK PS Ratio vs Peers

The above table shows the PS ratio for MTRK vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	PS	Estimated Growth	Market Cap
Peer Average	3.4x
CMCOM CM.com	1.4x	22.7%	€374.9m
TOM2 TomTom	2.3x	6.2%	€1.1b
GOJXN GeoJunxion	9.2x	n/a	€8.5m
CTAC Ctac	0.5x	7.8%	€54.9m
MTRK MotorK	3.6x	24.9%	€113.4m

Price-To-Sales vs Peers: MTRK is expensive based on its Price-To-Sales Ratio (3.6x) compared to the peer average (3.4x).

Price to Earnings Ratio vs Industry

How does MTRK's PE Ratio compare vs other companies in the European Software Industry?

Price-To-Sales vs Industry: MTRK is good value based on its Price-To-Sales Ratio (3.6x) compared to the Dutch Software industry average (3.6x)

Price to Sales Ratio vs Fair Ratio

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

MTRK PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	3.6x
Fair PS Ratio	1.2x

Price-To-Sales vs Fair Ratio: MTRK is expensive based on its Price-To-Sales Ratio (3.6x) compared to the estimated Fair Price-To-Sales Ratio (1.2x).

Share Price vs Fair Value

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

Below Fair Value: MTRK (€2.8) is trading below our estimate of fair value (€5.23)

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

Analyst Price Targets

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

Analyst Forecast: Target price is more than 20% higher than the current share price, but there are not enough analysts covering the stock to determine statistical confidence in agreement.

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Future Growth

How is MotorK forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

Future Growth Score

5/6

Future Growth Score 5/6

Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE

73.7%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: MTRK is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (0.1%).

Earnings vs Market: MTRK is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: MTRK is expected to become profitable in the next 3 years.

Revenue vs Market: MTRK's revenue (24.9% per year) is forecast to grow faster than the Dutch market (7.6% per year).

High Growth Revenue: MTRK's revenue (24.9% per year) is forecast to grow faster than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: MTRK's Return on Equity is forecast to be low in 3 years time (14.3%).

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Past Performance

How has MotorK performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE

-44.8%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: MTRK is currently unprofitable.

Growing Profit Margin: MTRK is currently unprofitable.

Past Earnings Growth Analysis

Earnings Trend: MTRK is unprofitable, and losses have increased over the past 5 years at a rate of 44.8% per year.

Accelerating Growth: Unable to compare MTRK's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: MTRK is unprofitable, making it difficult to compare its past year earnings growth to the Software industry (12.6%).

Return on Equity

High ROE: MTRK has a negative Return on Equity (-47.83%), as it is currently unprofitable.

Discover strong past performing companies

Financial Health

How is MotorK's financial position?

Financial Health Score

4/6

Financial Health Score 4/6

Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Stable Cash Runway
Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: MTRK's short term assets (€50.5M) exceed its short term liabilities (€5.6M).

Long Term Liabilities: MTRK's short term assets (€50.5M) exceed its long term liabilities (€18.0M).

Debt to Equity History and Analysis

Debt Level: MTRK has more cash than its total debt.

Reducing Debt: Insufficient data to determine if MTRK's debt to equity ratio has reduced over the past 5 years.

Balance Sheet

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: MTRK has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if MTRK has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.

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Dividend

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

Dividend Score

0/6

Dividend Score 0/6

Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Cash Flow Coverage

Dividend Yield vs Market

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

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

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

Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as MTRK has not reported any payouts.

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Management

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

0.6yrs

Average management tenure

CEO

Marco Marlia

no data

Tenure

Marco Marlia is Co-founder and Chief Executive Officer of MotorK plc (formerly MotorK Ltd.) and serves as its Director. Mr. Marlia is a serial entrepreneur experienced in running digital companies. In addi...

Leadership Team

Experienced Management: MTRK's management team is not considered experienced ( 0.6 years average tenure), which suggests a new team.

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: MTRK only recently listed within the past 12 months.

Data	Last Updated (UTC time)
Company Analysis	2022/08/16 00:00
End of Day Share Price	2022/08/16 00:00
Earnings	2022/06/30
Annual Earnings	2021/12/31