Tracsis
Market Cap
US$296.6m
Last Updated
2020/02/19 01:33 UTC
Data Sources
Company Financials +
Executive Summary
Tracsis plc, together with its subsidiaries, provides software development and consultancy services for the rail industry.
Snowflake Analysis
Flawless balance sheet and slightly overvalued.
Share Price & News
How has Tracsis's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: TCII.F has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
0%
TCII.F
1.4%
US Software
0.06%
US Market
1 Year Return
n/a
TCII.F
43.7%
US Software
19.4%
US Market
Return vs Industry: Insufficient data to determine how TCII.F performed against the US Software industry.
Return vs Market: Insufficient data to determine how TCII.F performed against the US Market.
Shareholder returns
| TCII.F | Industry | Market | |
|---|---|---|---|
| 7 Day | 0% | 1.4% | 0.06% |
| 30 Day | n/a | 8.2% | 1.1% |
| 90 Day | n/a | 19.0% | 8.9% |
| 1 Year | n/a | 45.2%43.7% | 21.9%19.4% |
| 3 Year | n/a | 154.0%143.2% | 48.9%39.3% |
| 5 Year | n/a | 224.9%201.4% | 71.9%53.1% |
Price Volatility Vs. Market
How volatile is Tracsis's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Valuation
Is Tracsis undervalued compared to its fair value and its price relative to the market?
44.43x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: TCII.F ($10.17) is trading above our estimate of fair value ($5.32)
Significantly Below Fair Value: TCII.F is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: TCII.F is good value based on its PE Ratio (44.4x) compared to the Software industry average (49.8x).
PE vs Market: TCII.F is poor value based on its PE Ratio (44.4x) compared to the US market (18.3x).
Price to Earnings Growth Ratio
PEG Ratio: TCII.F is poor value based on its PEG Ratio (11.1x)
Price to Book Ratio
PB vs Industry: TCII.F is good value based on its PB Ratio (4.7x) compared to the US Software industry average (6x).
Next Steps
Future Growth
How is Tracsis forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
4.0%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: TCII.F's forecast earnings growth (4% per year) is above the savings rate (1.7%).
Earnings vs Market: TCII.F's earnings (4% per year) are forecast to grow slower than the US market (14.2% per year).
High Growth Earnings: TCII.F's earnings are forecast to grow, but not significantly.
Revenue vs Market: TCII.F's revenue (5.9% per year) is forecast to grow slower than the US market (7.6% per year).
High Growth Revenue: TCII.F's revenue (5.9% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: TCII.F's Return on Equity is forecast to be low in 3 years time (13.8%).
Next Steps
Past Performance
How has Tracsis performed over the past 5 years?
16.1%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: TCII.F has high quality earnings.
Growing Profit Margin: TCII.F's current net profit margins (10.3%) are lower than last year (18.2%).
Past Earnings Growth Analysis
Earnings Trend: TCII.F's earnings have grown by 16.1% per year over the past 5 years.
Accelerating Growth: TCII.F's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: TCII.F had negative earnings growth (-30%) over the past year, making it difficult to compare to the Software industry average (18.4%).
Return on Equity
High ROE: TCII.F's Return on Equity (10.6%) is considered low.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Tracsis's financial position?
Financial Position Analysis
Short Term Liabilities: TCII.F's short term assets (£34.2M) exceed its short term liabilities (£18.6M).
Long Term Liabilities: TCII.F's short term assets (£34.2M) exceed its long term liabilities (£11.5M).
Debt to Equity History and Analysis
Debt Level: TCII.F is debt free.
Reducing Debt: TCII.F has not had any debt for past 5 years.
Debt Coverage: TCII.F has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: TCII.F has no debt, therefore coverage of interest payments is not a concern.
Balance Sheet
Inventory Level: TCII.F has a low level of unsold assets or inventory.
Debt Coverage by Assets: Insufficient data to determine if TCII.F's debt is covered by short term assets.
Next Steps
Dividend
What is Tracsis's current dividend yield, its reliability and sustainability?
0.23%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: TCII.F's dividend (0.23%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.43%).
High Dividend: TCII.F's dividend (0.23%) is low compared to the top 25% of dividend payers in the US market (3.7%).
Stability and Growth of Payments
Stable Dividend: TCII.F is not paying a notable dividend for the US market, therefore no need to check if payments are stable.
Growing Dividend: TCII.F is not paying a notable dividend for the US market, therefore no need to check if payments are increasing.
Current Payout to Shareholders
Dividend Coverage: TCII.F is not paying a notable dividend for the US market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of TCII.F's dividend in 3 years as they are not forecast to pay a notable one for the US market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
3.4yrs
Average management tenure
CEO
Chris Barnes (44yo)
0.8yrs
Tenure
UK£150,000
Compensation
Mr. Christopher Matthew Barnes, also known as Chris, serves as Chief Executive Officer and Director at Tracsis plc since May 1, 2019. He is the Managing Director of Ricardo UK Limited's automotive consulti ...
CEO Compensation Analysis
Compensation vs Market: Chris's total compensation ($USD195.39K) is below average for companies of similar size in the US market ($USD1.11M).
Compensation vs Earnings: Insufficient data to compare Chris's compensation with company performance.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Executive Director | 0.8yrs | UK£150.00k | no data | |
| CFO, Company Secretary & Executive Director | 8.5yrs | UK£229.00k | 0.58% £1.7m | |
| Founder & Chief Technical Officer | 0yrs | UK£21.00k | no data | |
| Managing Director of Condition Monitoring | 0yrs | no data | no data | |
| Member of Advisory Board & Divisional MD | 6.9yrs | no data | no data | |
| Managing Director of Traffic & Data Services | 3.4yrs | no data | no data | |
| Managing Director of Operations & Planning Systems | 3.3yrs | no data | no data |
3.4yrs
Average Tenure
52yo
Average Age
Experienced Management: TCII.F's management team is considered experienced (3.4 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Executive Director | 0.8yrs | UK£150.00k | no data | |
| CFO, Company Secretary & Executive Director | 8.5yrs | UK£229.00k | 0.58% £1.7m | |
| Member of Advisory Board & Divisional MD | 6.9yrs | no data | no data | |
| Independent Non-Executive Chairman | 5.8yrs | UK£50.00k | 0.024% £72.0k | |
| Independent Non-Executive Director | 3.4yrs | UK£28.00k | no data | |
| Member of Advisory Board | 6.9yrs | UK£44.00k | no data | |
| Member of Advisory Board | 6.9yrs | no data | no data | |
| Independent Non-Executive Director | 3.5yrs | UK£28.00k | no data | |
| Independent Non-Executive Director | 1.3yrs | UK£19.00k | 0.014% £42.4k |
5.8yrs
Average Tenure
53.5yo
Average Age
Experienced Board: TCII.F's board of directors are considered experienced (5.8 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: TCII.F insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Tracsis plc's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Tracsis plc
- Ticker: TCII.F
- Exchange: OTCPK
- Founded: 2004
- Industry: Application Software
- Sector: Software
- Market Cap: UK£227.683m
- Listing Market Cap: UK£296.583m
- Shares outstanding: 28.82m
- Website: https://www.tracsis.com
Number of Employees
Location
- Tracsis plc
- Nexus
- Discovery Way
- Leeds
- West Yorkshire
- LS2 3AA
- United Kingdom
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| TRCS | AIM (London Stock Exchange AIM Market) | Yes | Ordinary Shares | GB | GBP | Nov 2007 |
| TCII.F | OTCPK (Pink Sheets LLC) | Yes | Ordinary Shares | US | USD | Nov 2007 |
Biography
Tracsis plc, together with its subsidiaries, provides software development and consultancy services for the rail industry. It operates in two segments, Rail Technology and Services, and Traffic & Data Services. The Rail Technology & Services segment provides operational software products covering timetabling, resource and rolling stock planning and optimization, real time performance and control, service recovery, retail services, delay attribution, and delay repay; and infrastructure software products that are used to collect, manage, visualize, and analyze rail asset information. This segment also offers rail approved data loggers and sensors to monitor asset performance and predict failure modes; and rail operations consultancy and training covering operational planning and modeling, franchise and concession support, data capture and evaluation, and bespoke software tool development, as well as hosting services. The Traffic & Data Services segment provides transport data collection for various travel modes using ANPR, video and mobile network data, manual survey methods, big data sources, and AI technology; transport related advisory services and transport solutions; software-delivered passenger research and statistical analysis for transport operators; and location analytics. This segment also offers event transport management covering planning, control, consultancy, signage, CSAS/PATO, and car parking. The company serves transport operators, transport authorities, and infrastructure operators, as well as event organizers in the United Kingdom, North America, and internationally. Tracsis plc was founded in 2004 and is headquartered in Leeds, the United Kingdom.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/02/19 01:33 |
| End of Day Share Price | 2020/02/07 00:00 |
| Earnings | 2019/07/31 |
| Annual Earnings | 2019/07/31 |
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.