ENXTAM:TIE

Stock Analysis Report

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Executive Summary

TIE Kinetix N.V. develops, sells, and distributes software and services in the Netherlands, the United States, Germany, France, and internationally.


Snowflake Analysis

Excellent balance sheet and fair value.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: TIE's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

18.3%

TIE

5.2%

NL IT

1.8%

NL Market


1 Year Return

42.9%

TIE

106.9%

NL IT

-12.5%

NL Market

Return vs Industry: TIE underperformed the Dutch IT industry which returned 102.1% over the past year.

Return vs Market: TIE exceeded the Dutch Market which returned -12.4% over the past year.


Shareholder returns

TIEIndustryMarket
7 Day18.3%5.2%1.8%
30 Day35.8%12.5%1.5%
90 Day65.4%95.1%19.6%
1 Year42.9%42.9%106.9%106.9%-9.7%-12.5%
3 Year7.3%7.3%4.1%0.4%9.3%-2.0%
5 Year81.2%81.2%43.0%-34.9%28.2%4.2%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is TIE Kinetix 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: TIE (€11) is trading below our estimate of fair value (€150.18)

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


Price To Earnings Ratio

PE vs Industry: TIE is unprofitable, so we can't compare its PE Ratio to the IT industry average.

PE vs Market: TIE is unprofitable, so we can't compare its PE Ratio to the Dutch market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate TIE's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: TIE is good value based on its PB Ratio (4.5x) compared to the NL IT industry average (5.4x).


Next Steps

Future Growth

How is TIE Kinetix forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

23.0%

Forecasted Software industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as TIE Kinetix has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has TIE Kinetix performed over the past 5 years?

11.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: TIE is currently unprofitable.

Growing Profit Margin: TIE is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: TIE is unprofitable, but has reduced losses over the past 5 years at a rate of 11% per year.

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

Earnings vs Industry: TIE is unprofitable, making it difficult to compare its past year earnings growth to the IT industry (4%).


Return on Equity

High ROE: TIE has a negative Return on Equity (-4.22%), as it is currently unprofitable.


Next Steps

Financial Health

How is TIE Kinetix's financial position?


Financial Position Analysis

Short Term Liabilities: TIE's short term assets (€5.7M) do not cover its short term liabilities (€7.5M).

Long Term Liabilities: TIE's short term assets (€5.7M) exceed its long term liabilities (€662.0K).


Debt to Equity History and Analysis

Debt Level: TIE is debt free.

Reducing Debt: TIE has no debt compared to 5 years ago when its debt to equity ratio was 47.2%.


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: Whilst unprofitable TIE has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: TIE is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 24.4% per year.


Next Steps

Dividend

What is TIE Kinetix current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

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

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


Current Payout to Shareholders

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


Future Payout to Shareholders

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


Next Steps

Management

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

4.8yrs

Average management tenure


CEO

Jan Sundelin (60yo)

12.08yrs

Tenure

€392,000

Compensation

Mr. Jan B. Sundelin, also known as Jan, has been the Chief Executive Officer of TIE Kinetix N.V. since June 2008 and its Member of Executive Board since February 14, 2007. Mr. Sundelin has been the Chief E ...


CEO Compensation Analysis

Compensation vs Market: Jan's total compensation ($USD440.70K) is about average for companies of similar size in the Dutch market ($USD560.48K).

Compensation vs Earnings: Jan's compensation has increased whilst the company is unprofitable.


Leadership Team

NamePositionTenureCompensationOwnership
Jan Sundelin
CEO & Member of Executive Board12.08yrs€392.00k2.11% 378.4k
Michiel Wolfswinkel
CFO, Compliance Officer & Member of Executive Board 6.92yrs€330.00k0.10% 18.5k
Juan Vicente Vidagany Espert
Chief Technology Officerno datano datano data
Patrick van Boom
Senior VP of Demand Generation & Chief Marketing Officerno datano datano data
Stuart Drysdale
Managing Director of Asia-Pacific & Japan10.92yrsno datano data
John Peters
Senior Vice-President of Integration Business Line4.75yrsno datano data
Emile van de Klok
Managing Director of International4.75yrsno datano data
David Fullen
Managing Director of North America4.25yrsno datano data
Natascha Heijboer
Senior Vice President of Enterprise Business Development1.5yrsno datano data
Christian Seidl
Managing Director of DACH2.5yrsno datano data

4.8yrs

Average Tenure

57yo

Average Age

Experienced Management: TIE's management team is considered experienced (4.8 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.


Ownership Breakdown

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


Top Shareholders

Company Information

TIE Kinetix N.V.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: TIE Kinetix N.V.
  • Ticker: TIE
  • Exchange: ENXTAM
  • Founded: 1987
  • Industry: Internet Services and Infrastructure
  • Sector: Software
  • Market Cap: €17.900m
  • Shares outstanding: 1.63m
  • Website: https://www.tiekinetix.com

Number of Employees


Location

  • TIE Kinetix N.V.
  • De Corridor 5d
  • 3rd Floor
  • Breukelen
  • Utrecht
  • 3621 ZA
  • Netherlands

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
0QCRLSE (London Stock Exchange)YesOrdinary SharesGBEURMar 2000
TIEENXTAM (Euronext Amsterdam)YesOrdinary SharesNLEURMar 2000
TJH7DB (Deutsche Boerse AG)YesOrdinary SharesDEEURMar 2000

Biography

TIE Kinetix N.V. develops, sells, and distributes software and services in the Netherlands, the United States, Germany, France, and internationally. It provides demand generation solutions that accelerate partner program with automated content distribution, lead generation, and sales conversion solutions; e-commerce solutions to enhance online sales and maximize time to market; integration solutions to remove slow processing, manual work, and errors from back office; and analytics and optimization solutions. The company also offers FLOW Partner Automation that helps businesses accelerate and optimize by automating sales, marketing, and fulfillment processes. It provides its solutions to business services, industry and home improvement, telecom, insurance, food industry and food retail, non-food, consumer electronics, transport and logistics, office supplies, automotive, medical, and others markets directly, as well as through a network of distribution partners. The company was formerly known as TIE Holding N.V. and changed its name to TIE Kinetix N.V. in March 2013. TIE Kinetix N.V. was founded in 1987 and is headquartered in Breukelen, the Netherlands. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/07/03 20:57
End of Day Share Price2020/07/03 00:00
Earnings2020/03/31
Annual Earnings2019/09/30


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.