Major Estimate Revision • Jun 04
Consensus EPS estimates increase by 16% The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate increased from €0.166 to €0.193. Revenue forecast steady at €548.8m. Net income forecast to grow 437% next year vs 25% growth forecast for Software industry in the Netherlands. Consensus price target up from €6.47 to €6.63. Share price rose 6.5% to €5.40 over the past week. Reported Earnings • Apr 17
First quarter 2026 earnings released: EPS: €0.11 (vs €0.02 in 1Q 2025) First quarter 2026 results: EPS: €0.11 (up from €0.02 in 1Q 2025). Revenue: €129.2m (down 8.0% from 1Q 2025). Net income: €13.7m (up 353% from 1Q 2025). Profit margin: 11% (up from 2.1% in 1Q 2025). Revenue is forecast to grow 2.0% p.a. on average during the next 3 years, compared to a 9.2% growth forecast for the Software industry in Europe. Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings. Announcement • Apr 11
TomTom Launches Unified Speed Restrictions for Higher-Precision Speed Data Across ISA, ADAS and Automation TomTom announced the launch of Unified Speed Restrictions, a new service designed to deliver fresher, more accurate speed information. Built to support global regulatory frameworks and the next generation of Advanced Driver Assistance Systems (ADAS), Unified Speed Restrictions helps carmakers achieve speed accuracy beyond Intelligent Speed Assistance (ISA) requirements. Unified Speed Restrictions seamlessly fuses TomTom’s full range of static and live speed data sources, including unsigned speed limits, roadside sign recognition, probe data and real-time variable speed limits, into a single, continuously refreshed and highly accurate speed output. The service ensures vehicle systems always have access to the latest speed information. This improved accuracy and freshness help ensure vehicle systems identify the correct speed limit all the time. The new service also better supports more advanced automated driving features. Accurate speed information allows vehicles to make better predictions, plan smoother maneuvers, and deliver more comfortable experiences across a range of driving situations. Unified Speed Restrictions comes both as an API and pre-integrated with the TomTom ADAS SDK, enabling carmakers to achieve ISA compliance and deploy predictive driver assistance features right out of the box. The TomTom ADAS SDK is flexible and modular, allowing automakers and Tier 1 suppliers to integrate high-quality ADAS data into a wide variety of software stacks without vendor lock-in. This pre-integrated solution reduces development complexity and cost while accelerating time to market. Announcement • Mar 06
TomTom N.V., Annual General Meeting, Apr 16, 2026 TomTom N.V., Annual General Meeting, Apr 16, 2026. Reported Earnings • Feb 05
Full year 2025 earnings: EPS misses analyst expectations Full year 2025 results: €0.052 loss per share (improved from €0.14 loss in FY 2024). Revenue: €554.7m (down 3.4% from FY 2024). Net loss: €6.40m (loss narrowed 63% from FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 67%. Revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 9.6% growth forecast for the Software industry in Europe. Over the last 3 years on average, earnings per share has increased by 62% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Price Target Changed • Jan 17
Price target increased by 12% to €6.47 Up from €5.75, the current price target is an average from 3 analysts. New target price is approximately in line with last closing price of €6.80. Stock is up 23% over the past year. The company is forecast to post a net loss per share of €0.03 next year compared to a net loss per share of €0.14 last year. Announcement • Jan 13
TomTom Launches Area Analytics for More precise Traffic Insights at Scale TomTom announced the launch of Area Analytics, an advanced traffic analytics tool that enables cities, governments and organizations to define any custom area and analyze traffic over specific days, months, or years, with detailed hourly aggregations for deeper insight into mobility patterns. Area Analytics allows users to access all data available in TomTom's annual Traffic Index, putting powerful, customizable analytics directly at their fingertips. While the Traffic Index provides broad, standardized insights across more than 500 global cities, Area Analytics delivers deeper, more flexible, and localized intelligence. From neighborhoods to entire countries, users can quickly generate detailed insights into congestion levels, travel speeds, and free-flow conditions to better understand how mobility evolves over time. Area Analytics is designed for a wide range of users, from public authorities and city planners to consultants, analysts, and private enterprises. Government agencies can evaluate infrastructure investments and policy impacts, while traffic engineers benefit from granular, comparative datasets to support precise recommendations. Analysts gain access to real-world mobility intelligence to inform risk assessments and economic modeling, and media organizations can explore how major events, policy decisions, and urban developments affect everyday trials. Powered by TomTom's market-leading traffic data, Area Analytics draws on hundreds of data sources and combines years of historical and live traffic information to create a uniquely rich mobility dataset. Users can compare congestion trends across different timeframes or locations, quantify the impact of roadworks or policy measures, and evaluate progress toward mobility and sustainability goals -- enabling smarter, data-driven decision-making. The platform covers 77 countries and growing, offering global reach with local accuracy. Users can access data updating back to 2018, available in multiple downloadable formats for seamless integration with their own systems and workflows. Area Analytics can analyze areas as small as a city block or as large as an entire country, offering unmatched flexibility for local and regional planning. With a simple web interface and fast processing, users can generate reports in seconds. The intuitive interface presents insights through clear visualizations, including color-coded maps and heat maps, making complex patterns immediately understandable. Area Analytics is now available on the TomTom MOVE portal, the company's online platform for traffic analytics and insights. New Risk • Jan 09
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Dutch stocks, typically moving 5.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Reported Earnings • Oct 15
Third quarter 2025 earnings released: EPS: €0.07 (vs €0.04 loss in 3Q 2024) Third quarter 2025 results: EPS: €0.07 (up from €0.04 loss in 3Q 2024). Revenue: €136.9m (down 2.7% from 3Q 2024). Net income: €9.10m (up €13.5m from 3Q 2024). Profit margin: 6.6% (up from net loss in 3Q 2024). The move to profitability was driven by lower expenses. Revenue is forecast to grow 2.3% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Software industry in Europe. Over the last 3 years on average, earnings per share has increased by 71% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Announcement • Oct 15
TomTom N.V. Increases Revenue Guidance for the Full Year 2025 TomTom N.V. increased. revenue guidance for the full year 2025. The company now forecast that both full year group revenue and Location Technology revenue will approach the upper end of previously communicated guidance range. Announcement • Sep 26
TomTom Launches Innovative Road Alert Assistant and App for Enhanced Driver Experience TomTom announced the launch of a new product, Tom by TomTom, a road alert assistant created to enhance the driver experience by delivering only essential alerts. Combined with the new TomTom app, a free driving application, the two products create a complete solution, helping drivers stay informed of unexpected situations on the road. Tom uses LED lights and an audio buzzer to inform drivers of speed cameras, road hazards and traffic emitting a combination of sound and light signals. Its screen-free, voice-free design minimizes distractions, enhancing driver confidence and focus. Tom autostarts the moment a drive commences, ensuring drivers receive essential road alerts without the need for planned routes. The device receives all its data and information from the TomTom app, which runs in the background when Tom starts. For drives that still require routing, TomTom app completes Tom by offering enhanced navigation, enabling accurate turn-by-turn guidance. The app relies on TomTom's precise maps with continuous updates and accurate speed limits, while also providing highly comprehensive speed camera data in Europe and North America. Built on more than three decades of specialized mapping expertise, these products leverage data from over 600 million connected devices powered by TomTom technology, providing real-time road insights. This vast community allows TomTom to capture billions of data daily, offering a rich understanding of road conditions that generate highly precise traffic information and dynamic routing. Announcement • Sep 08
Tomtom Unveils Next Generation Automotive Navigation Application TomTom announced the launch of its new Automotive Navigation Application, a ready-to-use solution built on TomTom Orbis Maps with an intuitive User Interface layer added on top of TomTom's enhanced Navigation SDK. The seamless integration of these components sets the application apart as an off-the-shelf solution for automakers, enabling them to roll out high-quality navigation systems quickly and efficiently while delivering improved maps and superior navigation capabilities. In an era where software-defined vehicles are becoming the norm, the need for rapid integration to meet market demands has never been greater. TomTom's Automotive Navigation Application design prioritizes reducing development costs and timelines while enhancing productivity, allowing automakers to focus on delivering innovative solutions to their customers. The application is a fully tested, quality-assured solution validated on automotive-grade hardware. TomTom's testing process includes comprehensive end-to-end evaluations conducted directly within vehicles, providing automakers with a production-quality application ready for deployment. With the application, automakers have an off-the-sheshelf navigation application, a UX library to support them in customizing their driver experience, and a vehicle integration library, enabling automakers and their integrators to connect their vehicles with the application independently through comprehensive documentation, streamlining the integration processes. Built on TomTom Orbis Maps, the application leverages high-quality, up-to-date map data that ensures accuracy and reliability at every turn. Its dynamic caching functionality allows for continuous updates, meaning drivers are always equipped with the freshest route information. For automakers, the application offers flexibility, allowing them to customize the navigation experience to reflect their unique brand identities. The intuitive Mapmaker tool simplifies the customization process, enabling automakers to create distinct maps and themes without extensive development time or costs. Leveraging the new application, automakers are able to increase user engagement while offering a seamless navigation experience that surpasses conventional smartphone applications. By utilizing Orbis Maps' immersive 3D visualization and EV-optimized navigation, automakers can better address the common challenges drivers face on the road, integrating the application with the vehicle's exact battery status to provide timely recommendations for optimal charging stops. Additionally, the innovative charging finder enables drivers to locate charging stations tailored to their subscriptions and preferences, making range anxiety a concern of the past. By incorporating advanced filters for amenities, drivers can confidently plan their trips, ensuring they have access to everything they need along the way. While TomTom's Automotive navigation Application offers a plug-and-play approach, TomTom's standalone Navigation SDK delivers customizable features, empowering in-house developers to craft their own navigation systems. The synergy between the Automotive Navigation Application and Navigation SDK ensures that all industry needs are met, providing manufacturers with the flexibility to choose the solution that best fits their requirements. New Risk • Sep 06
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Dutch stocks, typically moving 5.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Reported Earnings • Jul 17
Second quarter 2025 earnings released: €0.19 loss per share (vs €0.02 loss in 2Q 2024) Second quarter 2025 results: €0.19 loss per share (further deteriorated from €0.02 loss in 2Q 2024). Revenue: €146.2m (down 3.9% from 2Q 2024). Net loss: €23.6m (loss widened €21.3m from 2Q 2024). Revenue is forecast to grow 2.4% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Software industry in Europe. Over the last 3 years on average, earnings per share has increased by 76% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Major Estimate Revision • Jun 08
Consensus estimates of losses per share improve by 20% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has improved. 2025 revenue forecast increased from €545.6m to €553.5m. EPS estimate increased from -€0.125 per share to -€0.10 per share. Software industry in the Netherlands expected to see average net income growth of 27% next year. Consensus price target up from €5.75 to €6.00. Share price rose 7.3% to €5.17 over the past week. Reported Earnings • Apr 16
First quarter 2025 earnings released: EPS: €0.02 (vs €0.04 loss in 1Q 2024) First quarter 2025 results: EPS: €0.02 (up from €0.04 loss in 1Q 2024). Revenue: €140.4m (flat on 1Q 2024). Net income: €3.01m (up €7.88m from 1Q 2024). Profit margin: 2.1% (up from net loss in 1Q 2024). Revenue is forecast to grow 3.2% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Software industry in Europe. Over the last 3 years on average, earnings per share has increased by 76% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Major Estimate Revision • Apr 10
Consensus EPS estimates fall by 25% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from €554.8m to €545.6m. Losses expected to increase from €0.10 per share to €0.13. Software industry in the Netherlands expected to see average net income growth of 26% next year. Consensus price target down from €6.00 to €5.75. Share price fell 6.1% to €4.18 over the past week. Recent Insider Transactions • Mar 19
Co-Founder recently bought €165k worth of stock On the 14th of March, Harold C. Goddijn bought around 35k shares on-market at roughly €4.70 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth €405k. Harold C. has been a buyer over the last 12 months, purchasing a net total of €1.9m worth in shares. Announcement • Mar 12
TomTom N.V., Annual General Meeting, Apr 15, 2025 TomTom N.V., Annual General Meeting, Apr 15, 2025. Location: de ruijterkade 154 1011 ac amsterdam, Netherlands Recent Insider Transactions • Mar 07
Co-Founder recently bought €178k worth of stock On the 4th of March, Harold C. Goddijn bought around 40k shares on-market at roughly €4.49 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth €405k. Harold C. has been a buyer over the last 12 months, purchasing a net total of €1.7m worth in shares. Recent Insider Transactions • Feb 15
Co-Founder recently bought €405k worth of stock On the 12th of February, Harold C. Goddijn bought around 97k shares on-market at roughly €4.16 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Harold C. has been a buyer over the last 12 months, purchasing a net total of €485k worth in shares. Reported Earnings • Feb 05
Full year 2024 earnings released: €0.14 loss per share (vs €0.16 loss in FY 2023) Full year 2024 results: €0.14 loss per share (improved from €0.16 loss in FY 2023). Revenue: €574.4m (down 1.8% from FY 2023). Net loss: €17.3m (loss narrowed 18% from FY 2023). Revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Software industry in Europe. Over the last 3 years on average, earnings per share has increased by 64% per year but the company’s share price has fallen by 20% per year, which means it is significantly lagging earnings. New Risk • Feb 04
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Dutch stocks, typically moving 7.1% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. This is currently the only risk that has been identified for the company. Announcement • Jan 07
Tomtom Orbis Maps Now Featuring Immersive 3D Lane Geometry for Any Road TomTom announced a significant enhancement to its Orbis Maps by offering immersive 3D lane geometry with unprecedented coverage. Expanding its lane geometry data through AI-enabled updates, TomTom Orbis Maps now offers lane-level precision that is measured in centimeters, available on a global scale, and continuously refreshed. This expansion is poised to revolutionize how industries utilize mapping technology, driving efficiencies and opening up new use cases across the automotive, logistics, and public sectors. Most newly released vehicles now come equipped with advanced driver assistance systems (ADAS), which rely on lane-level maps for reliability and safety. As the number of vehicles with automated driving features at SAE Level 2 and above continues to rise, the demand for fresh lane-level maps on all roads continues to grow. However, the hefty costs and extensive resources required up until now to produce such maps have limited their availability. By harnessing the latest advances in AI, including fundamental vision models, TomTom Orbis Maps can now produce 3D lane geometry for any road type. This feat is made possible by advanced technology that merges crowdsourced observations from production vehicles and dashcams, aerial and satellite imagery, lidar survey data, and more. The resulting 3D map is fresh and cost-effective, featuring wide and highly detailed coverage. By accurately delineating every road surface and painted line and combining 3D traffic signs and other key objects with behavioral speeds and trajectories of millions of drivers, TomTom Orbis Maps will enable automakers to accelerate their automation ambitions. As such, it enables navigation in complex urban environments through better anticipation of tricky situations, such as busy intersections, high-speed junctions, and interactions with vulnerable road users. The automation enabled through this expansion of TomTom Orbis Maps also has far-reaching benefits for other industries. Last-mile logistics can be significantly improved by enabling transport companies to optimize their pickup and drop-off processes, leading to substantial time and cost savings. Urban planners also benefit from greater granularity in map data, which helps them make informed decisions on lane-level traffic management, bike lane and public transport planning, and parking space optimization. New Risk • Dec 13
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Dutch stocks, typically moving 5.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Price Target Changed • Nov 27
Price target decreased by 12% to €8.00 Down from €9.13, the current price target is an average from 2 analysts. New target price is 54% above last closing price of €5.21. Stock is down 16% over the past year. The company is forecast to post a net loss per share of €0.08 next year compared to a net loss per share of €0.16 last year. Reported Earnings • Oct 13
Third quarter 2024 earnings: EPS misses analyst expectations Third quarter 2024 results: €0.04 loss per share (improved from €0.06 loss in 3Q 2023). Revenue: €140.7m (down 2.4% from 3Q 2023). Net loss: €4.38m (loss narrowed 45% from 3Q 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates. Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 9.9% growth forecast for the Software industry in Europe. Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. New Risk • Sep 19
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Dutch stocks, typically moving 5.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Reported Earnings • Jul 17
Second quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind Second quarter 2024 results: €0.02 loss per share (improved from €0.03 loss in 2Q 2023). Revenue: €152.2m (down 2.8% from 2Q 2023). Net loss: €2.31m (loss narrowed 48% from 2Q 2023). Revenue exceeded analyst estimates by 5.4%. Earnings per share (EPS) missed analyst estimates. Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Software industry in Europe. Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Price Target Changed • Jul 16
Price target decreased by 8.0% to €8.87 Down from €9.63, the current price target is an average from 3 analysts. New target price is 74% above last closing price of €5.10. Stock is down 32% over the past year. The company is forecast to post a net loss per share of €0.078 next year compared to a net loss per share of €0.16 last year. Reported Earnings • Apr 19
First quarter 2024 earnings: EPS and revenues miss analyst expectations First quarter 2024 results: €0.04 loss per share (down from €0.023 profit in 1Q 2023). Revenue: €139.3m (down 1.0% from 1Q 2023). Net loss: €4.87m (down 264% from profit in 1Q 2023). Revenue missed analyst estimates by 7.2%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 9.7% growth forecast for the Software industry in Europe. Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. New Risk • Apr 17
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Dutch stocks, typically moving 6.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Major Estimate Revision • Feb 09
Consensus EPS estimates fall by 1,287% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from €600.2m to €592.7m. Losses expected to increase from €0.0065 per share to €0.09. Software industry in the Netherlands expected to see average net income growth of 35% next year. Consensus price target broadly unchanged at €9.47. Share price rose 7.8% to €7.55 over the past week. Announcement • Feb 04
TomTom N.V. Provides Revenue Guidance for the Year 2024 TomTom N.V. provides revenue guidance for the year 2024. Group revenue is expected to be between EUR 570 million and EUR 610 million. Reported Earnings • Feb 04
Full year 2023 earnings: EPS exceeds analyst expectations Full year 2023 results: €0.16 loss per share (improved from €0.80 loss in FY 2022). Revenue: €584.8m (up 9.0% from FY 2022). Net loss: €21.0m (loss narrowed 80% from FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 6.9%. Revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 9.1% growth forecast for the Software industry in Europe. Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Major Estimate Revision • Jan 19
Consensus EPS estimates upgraded to €0.17 loss The consensus outlook for fiscal year 2023 has been updated. 2023 losses forecast to reduce from -€0.192 to -€0.172 per share. Revenue forecast unchanged from €585.0m at last update. Software industry in the Netherlands expected to see average net income growth of 23% next year. Consensus price target of €9.50 unchanged from last update. Share price fell 2.7% to €6.20 over the past week. Announcement • Nov 01
TomTom N.V. (ENXTAM:TOM2) announces an Equity Buyback for 7% of its issued share capital, for €50 million. TomTom N.V. (ENXTAM:TOM2) announces a share repurchase program. Under the program, the company will repurchase up to 7% of its issued share capital, for €50 million worth of its shares. The purpose of the program is to reduce its share capital. The company intends to cancel all shares purchased as part of the program, subject to shareholder approval. The program will be valid till 12 months. Major Estimate Revision • Oct 25
Consensus EPS estimates fall by 16% The consensus outlook for fiscal year 2023 has been updated. 2023 expected loss increased from -€0.165 to -€0.192 per share. Revenue forecast unchanged at €585.0m. Software industry in the Netherlands expected to see average net income growth of 22% next year. Consensus price target of €9.50 unchanged from last update. Share price fell 4.7% to €5.23 over the past week. Major Estimate Revision • Oct 20
Consensus estimates of losses per share improve by 38% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has improved. 2023 revenue forecast increased from €577.5m to €583.5m. EPS estimate increased from -€0.266 per share to -€0.165 per share. Software industry in the Netherlands expected to see average net income growth of 21% next year. Consensus price target down from €9.75 to €9.50. Share price fell 14% to €5.35 over the past week. Announcement • Oct 17
TomTom N.V. to Report Q4, 2023 Results on Feb 02, 2024 TomTom N.V. announced that they will report Q4, 2023 results on Feb 02, 2024 Announcement • Oct 15
TomTom N.V. Provides Revenue Guidance for the Full Year of 2023 TomTom N.V. provided revenue guidance for the full year of 2023. For the year, company expect group revenue of between EUR 570 million and EUR 600 million. Reported Earnings • Oct 15
Third quarter 2023 earnings released: €0.06 loss per share (vs €0.14 loss in 3Q 2022) Third quarter 2023 results: €0.06 loss per share (improved from €0.14 loss in 3Q 2022). Revenue: €144.1m (up 5.7% from 3Q 2022). Net loss: €7.89m (loss narrowed 55% from 3Q 2022). Revenue is forecast to grow 6.4% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the Software industry in Europe. Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Price Target Changed • Oct 13
Price target increased by 8.1% to €10.00 Up from €9.25, the current price target is an average from 3 analysts. New target price is 60% above last closing price of €6.26. Stock is down 4.5% over the past year. The company is forecast to post a net loss per share of €0.23 next year compared to a net loss per share of €0.80 last year. Reported Earnings • Jul 19
Second quarter 2023 earnings: EPS exceeds analyst expectations Second quarter 2023 results: €0.03 loss per share (improved from €0.43 loss in 2Q 2022). Revenue: €156.5m (up 18% from 2Q 2022). Net loss: €4.46m (loss narrowed 92% from 2Q 2022). Revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 7.9% growth forecast for the Software industry in Europe. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Recent Insider Transactions • May 07
Member of Management Board & CFO recently sold €374k worth of stock On the 2nd of May, Taco J. Titulaer sold around 49k shares on-market at roughly €7.71 per share. This transaction amounted to 65% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Taco J.'s only on-market trade for the last 12 months. Reported Earnings • Apr 19
First quarter 2023 earnings: Revenues in line with analyst expectations First quarter 2023 results: Revenue: €140.7m (up 9.6% from 1Q 2022). Net income: €2.97m (up €24.5m from 1Q 2022). Profit margin: 2.1% (up from net loss in 1Q 2022). The move to profitability was primarily driven by higher revenue. Revenue is forecast to grow 7.1% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the Software industry in Europe. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Price Target Changed • Apr 18
Price target increased by 7.1% to €10.00 Up from €9.33, the current price target is an average from 3 analysts. New target price is 27% above last closing price of €7.89. Stock is up 8.0% over the past year. The company is forecast to post a net loss per share of €0.30 next year compared to a net loss per share of €0.80 last year. Major Estimate Revision • Feb 19
Consensus EPS estimates fall by 22%, revenue upgraded The consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast increased from €540.1m to €552.4m. Forecast EPS reduced from -€0.243 to -€0.297 per share. Software industry in the Netherlands expected to see average net income growth of 23% next year. Consensus price target of €9.33 unchanged from last update. Share price rose 4.2% to €7.05 over the past week. Reported Earnings • Feb 05
Full year 2022 earnings: EPS and revenues exceed analyst expectations Full year 2022 results: €0.80 loss per share (further deteriorated from €0.74 loss in FY 2021). Revenue: €536.3m (up 5.8% from FY 2021). Net loss: €102.7m (loss widened 8.5% from FY 2021). Revenue exceeded analyst estimates by 3.8%. Earnings per share (EPS) also surpassed analyst estimates by 3.6%. Revenue is forecast to grow 6.6% p.a. on average during the next 3 years, compared to a 8.9% growth forecast for the Software industry in Europe. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Announcement • Feb 04
TomTom N.V. Provides Revenue Guidance for Fiscal 2023 For 2023, TomTom N.V. expects top line growth to continue with group revenue between EUR 540 million and EUR 580 million. Price Target Changed • Jan 27
Price target decreased by 8.2% to €9.33 Down from €10.17, the current price target is an average from 3 analysts. New target price is 40% above last closing price of €6.68. Stock is down 20% over the past year. The company is forecast to post a net loss per share of €0.83 next year compared to a net loss per share of €0.74 last year. Major Estimate Revision • Dec 03
Consensus EPS estimates fall by 22% The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from €534.7m to €511.0m. Losses expected to increase from €0.68 per share to €0.84. Software industry in the Netherlands expected to see average net income growth of 19% next year. Consensus price target down from €10.17 to €9.50. Share price fell 5.3% to €7.65 over the past week. Price Target Changed • Nov 16
Price target increased to €10.17 Up from €9.50, the current price target is an average from 3 analysts. New target price is 24% above last closing price of €8.18. Stock is up 3.3% over the past year. The company is forecast to post a net loss per share of €0.52 next year compared to a net loss per share of €0.74 last year. Reported Earnings • Oct 16
Third quarter 2022 earnings released: €0.14 loss per share (vs €0.16 loss in 3Q 2021) Third quarter 2022 results: €0.14 loss per share (improved from €0.16 loss in 3Q 2021). Revenue: €136.3m (up 6.9% from 3Q 2021). Net loss: €17.5m (loss narrowed 16% from 3Q 2021). Revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 9.5% growth forecast for the Software industry in Europe. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Price Target Changed • Oct 04
Price target increased to €10.17 Up from €9.50, the current price target is an average from 3 analysts. New target price is 33% above last closing price of €7.65. Stock is up 13% over the past year. The company is forecast to post a net loss per share of €0.69 next year compared to a net loss per share of €0.74 last year. Price Target Changed • Jul 18
Price target increased to €9.63 Up from €8.91, the current price target is provided by 1 analyst. New target price is 16% above last closing price of €8.30. Stock is up 32% over the past year. The company posted a net loss per share of €0.74 last year. Reported Earnings • Jul 17
Second quarter 2022 earnings: EPS misses analyst expectations Second quarter 2022 results: €0.43 loss per share (down from €0.19 loss in 2Q 2021). Revenue: €132.6m (flat on 2Q 2021). Net loss: €55.0m (loss widened 133% from 2Q 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 304%. Over the next year, revenue is forecast to grow 6.7%, compared to a 13% growth forecast for the industry in the Netherlands. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Major Estimate Revision • Jul 16
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 expected loss increased from -€0.58 to -€0.66 per share. Revenue forecast unchanged at €523.0m. Software industry in the Netherlands expected to see average net income growth of 17% next year. Consensus price target of €9.50 unchanged from last update. Share price rose 13% to €8.39 over the past week. Recent Insider Transactions Derivative • Jun 09
Co-Founder exercised options to buy €705k worth of stock. On the 7th of June, Harold C. Goddijn exercised options to buy 88k shares at a strike price of around €8.10, costing a total of €710k. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. Since December 2021, Harold C.'s direct individual holding has increased from 15.32m shares to 15.41m. Company insiders have collectively bought €342k more than they sold, via options and on-market transactions, in the last 12 months. Recent Insider Transactions Derivative • May 05
Member of the Management Board exercised options and sold €324k worth of stock On the 2nd of May, Alain De Taeye exercised options to acquire 40k shares at no cost and sold these for an average price of €8.11 per share. This trade did not impact their existing holding. Since June 2021, Alain has owned 311.74k shares directly. Company insiders have collectively sold €1.0m more than they bought, via options and on-market transactions in the last 12 months. Major Estimate Revision • Apr 21
Consensus EPS estimates fall by 17% The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from €527.7m to €522.3m. Losses expected to increase from €0.50 per share to €0.58. Software industry in the Netherlands expected to see average net income growth of 20% next year. Consensus price target of €9.10 unchanged from last update. Share price was steady at €7.45 over the past week. Reported Earnings • Apr 16
First quarter 2022 earnings: EPS and revenues miss analyst expectations First quarter 2022 results: €0.17 loss per share (down from €0.09 loss in 1Q 2021). Revenue: €128.4m (down 2.1% from 1Q 2021). Net loss: €21.5m (loss widened 87% from 1Q 2021). Revenue missed analyst estimates by 8.0%. Earnings per share (EPS) also missed analyst estimates by 121%. Over the next year, revenue is forecast to grow 5.8%, compared to a 20% growth forecast for the industry in the Netherlands. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has fallen by 20% per year, which means it is performing significantly worse than earnings. Buying Opportunity • Mar 22
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 13%. The fair value is estimated to be €9.62, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 14% per annum over the last 3 years. Earnings per share has declined by 32% per annum over the last 3 years. Breakeven Date Change • Feb 12
No longer forecast to breakeven The 4 analysts covering TomTom no longer expect the company to break even during the foreseeable future. The company was expected to make a profit of €43.0m in 2024. New consensus forecast suggests the company will make a loss of €14.6m in 2024. Reported Earnings • Feb 06
Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2021 results: €0.74 loss per share (up from €1.97 loss in FY 2020). Revenue: €506.9m (down 4.0% from FY 2020). Net loss: €94.7m (loss narrowed 63% from FY 2020). Revenue missed analyst estimates by 2.1%. Earnings per share (EPS) exceeded analyst estimates by 27%. Over the next year, revenue is forecast to grow 6.2%, compared to a 9.0% growth forecast for the industry in the Netherlands. Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings. 
