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Tracsis

OTCPK:TCII.F
Snowflake Description

Flawless balance sheet with solid track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
TCII.F
OTCPK
£173M
Market Cap
  1. Home
  2. US
  3. Software
Company description

Tracsis plc, together with its subsidiaries, provides software development and consultancy services for the rail industry. The last earnings update was 11 days ago. More info.


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TCII.F Share Price and Events
7 Day Returns
0%
OTCPK:TCII.F
1.8%
US Software
0.7%
US Market
1 Year Returns
20.5%
OTCPK:TCII.F
27%
US Software
10.1%
US Market
TCII.F Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Tracsis (TCII.F) 0% 0% - 20.5% - -
US Software 1.8% 1.7% -0.7% 27% 91.1% 161.6%
US Market 0.7% -0.2% -4.4% 10.1% 51.7% 95%
1 Year Return vs Industry and Market
  • TCII.F underperformed the Software industry which returned 27% over the past year.
  • TCII.F outperformed the Market in United States of America which returned 10.1% over the past year.
Price Volatility
TCII.F
Industry
5yr Volatility vs Market

Value

 Is Tracsis undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Tracsis to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Tracsis.

OTCPK:TCII.F Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 1 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 11%
Perpetual Growth Rate 10-Year US Government Bond Rate 3%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for OTCPK:TCII.F
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 3%
Equity Risk Premium S&P Global 7.1%
Software Unlevered Beta Simply Wall St/ S&P Global 1.14
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.145 (1 + (1- 19%) (0.16%))
1.146
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.15
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.95% + (1.146 * 7.05%)
11.03%

Discounted Cash Flow Calculation for OTCPK:TCII.F using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Tracsis is arrived at by discounting future cash flows to their present value using the 2 stage method. We use analyst's estimates of cash flows going forward 5 years for the 1st stage, the 2nd stage assumes the company grows at a stable rate into perpetuity.

OTCPK:TCII.F DCF 1st Stage: Next 5 year cash flow forecast
2019 2020 2021 2022 2023
Levered FCF (GBP, Millions) 8.70 8.80 10.38 12.15 14.09
Source Analyst x1 Analyst x1 Est @ 18%, capped from 19.47% Est @ 17%, capped from 19.47% Est @ 16%, capped from 19.47%
Present Value
Discounted (@ 11.03%)
7.84 7.14 7.59 7.99 8.35
Present value of next 5 years cash flows £38.91
OTCPK:TCII.F DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2023 × (1 + g) ÷ (Discount Rate – g)
= £14.09 × (1 + 2.95%) ÷ (11.03% – 2.95%)
£179.57
Present Value of Terminal Value = Terminal Value ÷ (1 + r)5
= £179.57 ÷ (1 + 11.03%)5
£106.43
OTCPK:TCII.F Total Equity Value
Calculation Result
Total Equity Value = Present value of next 5 years cash flows + Terminal Value
= £38.91 + £106.43
£145.33
Equity Value per Share
(GBP)
= Total value / Shares Outstanding
= £145.33 / 28.41
£7.61
OTCPK:TCII.F Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in OTCPK:TCII.F represents 1.48849x of AIM:TRCS
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.48849x
Value per Share
(Listing Adjusted, USD)
= Value per Share (GBP) x Listing Adjustment Factor
= £ 5.12 x 1.48849
$7.61
Value per share (USD) From above. $7.61
Current discount Discount to share price of $9.05
= -1 x ($9.05 - $7.61) / $7.61
-18.8%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Tracsis is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Tracsis's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Tracsis's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:TCII.F PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-07-31) in GBP £0.26
AIM:TRCS Share Price ** AIM (2018-08-23) in GBP £6.08
United States of America Software Industry PE Ratio Median Figure of 73 Publicly-Listed Software Companies 44.7x
United States of America Market PE Ratio Median Figure of 2,983 Publicly-Listed Companies 18.09x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Tracsis.

OTCPK:TCII.F PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= AIM:TRCS Share Price ÷ EPS (both in GBP)

= 6.08 ÷ 0.26

23.66x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Tracsis is good value based on earnings compared to the US Software industry average.
  • Tracsis is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does Tracsis's expected growth come at a high price?
Raw Data
OTCPK:TCII.F PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 23.66x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
-19%per year
United States of America Software Industry PEG Ratio Median Figure of 59 Publicly-Listed Software Companies 2.99x
United States of America Market PEG Ratio Median Figure of 2,097 Publicly-Listed Companies 1.24x

*Line of best fit is calculated by linear regression .

OTCPK:TCII.F PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 23.66x ÷ -19%

-1.25x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Tracsis earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Tracsis's assets?
Raw Data
OTCPK:TCII.F PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-07-31) in GBP £1.49
AIM:TRCS Share Price * AIM (2018-08-23) in GBP £6.08
United States of America Software Industry PB Ratio Median Figure of 212 Publicly-Listed Software Companies 4.99x
United States of America Market PB Ratio Median Figure of 4,987 Publicly-Listed Companies 1.87x
OTCPK:TCII.F PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= AIM:TRCS Share Price ÷ Book Value per Share (both in GBP)

= 6.08 ÷ 1.49

4.09x

* Primary Listing of Tracsis.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Tracsis is good value based on assets compared to the US Software industry average.
X
Value checks
We assess Tracsis's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Software industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Software industry average (and greater than 0)? (1 check)
  5. Tracsis has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

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

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-19%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Tracsis expected to grow at an attractive rate?
  • Tracsis's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 3%.
Growth vs Market Checks
  • Tracsis's earnings are expected to decrease over the next 1-3 years, this is below the United States of America market average.
  • Tracsis's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
OTCPK:TCII.F Future Growth Rates Data Sources
Data Point Source Value (per year)
OTCPK:TCII.F Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts -19%
OTCPK:TCII.F Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 5.3%
United States of America Software Industry Earnings Growth Rate Market Cap Weighted Average 19%
United States of America Software Industry Revenue Growth Rate Market Cap Weighted Average 10.8%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
OTCPK:TCII.F Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in GBP Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:TCII.F Future Estimates Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-07-31 44 11 5 1
2019-07-31 42 11 5 1
OTCPK:TCII.F Past Financials Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income *
2018-07-31 40 11 7
2018-04-30 38 9 6
2018-01-31 37 8 4
2017-10-31 36 7 4
2017-07-31 34 6 4
2017-04-30 34 6 4
2017-01-31 34 6 4
2016-10-31 33 6 4
2016-07-31 31 6 4
2016-04-30 28 6 3
2016-01-31 25 6 3
2015-10-31 24 6 3

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Tracsis's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Tracsis's revenue is expected to grow by 5.3% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
OTCPK:TCII.F Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from Tracsis Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:TCII.F Future Estimates Data
Date (Data in GBP Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-07-31 0.18 0.18 0.18 1.00
2019-07-31 0.16 0.16 0.16 1.00
OTCPK:TCII.F Past Financials Data
Date (Data in GBP Millions) EPS *
2018-07-31 0.26
2018-04-30 0.20
2018-01-31 0.15
2017-10-31 0.14
2017-07-31 0.13
2017-04-30 0.13
2017-01-31 0.14
2016-10-31 0.13
2016-07-31 0.13
2016-04-30 0.12
2016-01-31 0.10
2015-10-31 0.12

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Tracsis is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Tracsis's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Tracsis has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Tracsis performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Tracsis's growth in the last year to its industry (Software).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Tracsis's year on year earnings growth rate has been positive over the past 5 years.
  • Tracsis's 1-year earnings growth exceeds its 5-year average (95% vs 15.5%)
  • Tracsis's earnings growth has exceeded the US Software industry average in the past year (95% vs 11.9%).
Earnings and Revenue History
Tracsis's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Tracsis Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:TCII.F Past Revenue, Cash Flow and Net Income Data
Date (Data in GBP Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-07-31 39.83 7.25 12.87
2018-04-30 38.39 5.73 13.33
2018-01-31 36.94 4.21 13.78
2017-10-31 35.71 3.96 13.30
2017-07-31 34.49 3.72 12.82
2017-04-30 34.23 3.77 13.22
2017-01-31 33.97 3.82 13.63
2016-10-31 32.69 3.77 13.43
2016-07-31 31.40 3.73 13.23
2016-04-30 28.23 3.26 12.49
2016-01-31 25.05 2.79 11.75
2015-10-31 24.10 3.17 10.82
2015-07-31 23.14 3.54 9.89
2015-04-30 23.40 3.59 9.62
2015-01-31 23.66 3.65 9.36
2014-10-31 23.01 3.47 8.74
2014-07-31 22.36 3.30 8.12
2014-04-30 19.16 2.91 7.24
2014-01-31 15.96 2.51 6.35
2013-10-31 13.40 2.31 5.56
2013-07-31 10.83 2.10 4.77
2013-04-30 10.28 2.50 4.37
2013-01-31 9.72 2.89 3.96
2012-10-31 9.19 2.65 3.79
2012-07-31 8.67 2.42 3.61
2012-04-30 7.58 2.03 3.30
2012-01-31 6.50 1.65 2.99

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Tracsis has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Tracsis used its assets more efficiently than the US Software industry average last year based on Return on Assets.
  • Tracsis has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Tracsis's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Software industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Tracsis has a total score of 5/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Tracsis's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Tracsis's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Tracsis is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Tracsis's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Tracsis's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 107.6x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Tracsis Company Filings, last reported 3 months ago.

OTCPK:TCII.F Past Debt and Equity Data
Date (Data in GBP Millions) Total Equity Total Debt Cash & Short Term Investments
2018-07-31 42.11 0.28 22.33
2018-04-30 42.11 0.28 22.33
2018-01-31 36.34 0.42 18.49
2017-10-31 36.34 0.42 18.49
2017-07-31 33.65 0.55 15.35
2017-04-30 33.65 0.55 15.35
2017-01-31 30.82 0.64 12.70
2016-10-31 30.82 0.64 12.70
2016-07-31 28.67 0.66 11.39
2016-04-30 28.67 0.66 11.39
2016-01-31 25.70 0.71 7.99
2015-10-31 25.70 0.71 7.99
2015-07-31 22.38 0.40 13.34
2015-04-30 22.38 0.40 13.34
2015-01-31 20.52 0.31 10.05
2014-10-31 20.52 0.31 10.05
2014-07-31 17.85 0.23 8.92
2014-04-30 17.85 0.23 8.92
2014-01-31 14.93 0.25 7.61
2013-10-31 14.93 0.25 7.61
2013-07-31 13.21 0.33 6.57
2013-04-30 13.21 0.33 6.57
2013-01-31 11.76 0.00 8.55
2012-10-31 11.76 0.00 8.55
2012-07-31 10.43 0.00 7.57
2012-04-30 10.43 0.00 7.57
2012-01-31 8.51 0.00 5.95
  • Tracsis's level of debt (0.7%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (2.5% vs 0.7% today).
  • Debt is well covered by operating cash flow (3813.7%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 1070.6x coverage).
X
Financial health checks
We assess Tracsis's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Tracsis has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Tracsis's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0.26%
Current annual income from Tracsis dividends. Estimated to be 0.32% next year.
If you bought $2,000 of Tracsis shares you are expected to receive $5 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Tracsis's pays a lower dividend yield than the bottom 25% of dividend payers in United States of America (1.37%).
  • Tracsis's dividend is below the markets top 25% of dividend payers in United States of America (3.51%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
OTCPK:TCII.F Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
United States of America Software Industry Average Dividend Yield Market Cap Weighted Average of 24 Stocks 1.6%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1979 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.5%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

OTCPK:TCII.F Future Dividends Estimate Data
Date (Data in £) Dividend per Share (annual) Avg. No. Analysts
2020-07-31 0.02 1.00
2019-07-31 0.02 1.00
OTCPK:TCII.F Past Annualized Dividends Data
Date (Data in £) Dividend per share (annual) Avg. Yield (%)
2018-11-08 0.016 0.265
2017-11-08 0.014 0.247
2016-11-17 0.012 0.279
2015-11-06 0.010 0.204
2015-11-04 0.010 0.221
2014-11-14 0.008 0.193
2014-11-12 0.008 0.220
2013-10-25 0.007 0.260
2013-10-24 0.007 0.369
2013-03-04 0.007 0.367
2012-10-31 0.007 0.436
2012-10-30 0.007 0.504
2012-02-28 0.004 0.410

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Tracsis is not paying a notable dividend for United States of America, therefore no need to check if the payments are stable.
  • Tracsis is not paying a notable dividend for United States of America, therefore no need to check if the payments are increasing.
Current Payout to shareholders
What portion of Tracsis's earnings are paid to the shareholders as a dividend.
  • No need to calculate the sustainability of Tracsis's dividends as it is not paying a notable one for United States of America.
Future Payout to shareholders
  • No need to calculate the sustainability of Tracsis's dividends in 3 years as they are not expected to pay a notable one for United States of America.
X
Income/ dividend checks
We assess Tracsis's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Tracsis afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Tracsis has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Tracsis's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
John McArthur
COMPENSATION £376,000
AGE 43
TENURE AS CEO 14.8 years
CEO Bio

Mr. John McArthur has been the Chief Executive Officer of Tracsis Plc since January 2004. Mr. McArthur was an Investment Professional at Axiomlab and joined it in December 2000. He served as Commercial Director of Tracsis Plc. He has worked as a Consultant for Arthur Andersen Business Consulting being predominantly involved with Customer Relationship Management and operationally focused projects and business solutions. During his last 2 years with Andersens, Mr. McArthur worked on a variety of primarily e-business and strategic initiatives, with a focus on investment analysis. He serves as an Executive Director of Tracsis Plc. He graduated from the University of Strathclyde after obtaining a First Class degree in Management Science.

CEO Compensation
  • John's compensation has increased by more than 20% in the past year.
  • John's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Tracsis management team in years:

2.2
Average Tenure
51
Average Age
  • The tenure for the Tracsis management team is about average.
Management Team

John McArthur

TITLE
CEO & Executive Director
COMPENSATION
£376K
AGE
43
TENURE
14.8 yrs

Max Cawthra

TITLE
CFO & Executive Director
COMPENSATION
£245K
AGE
40
TENURE
7.3 yrs

Raymond Kwan

TITLE
Founder & Chief Technical Officer
COMPENSATION
£21K
AGE
61

Andy Whawell

TITLE
Managing Director of Condition Monitoring

Alan Wilson

TITLE
Member of Advisory Board & Divisional MD
AGE
59

Alex Johnson

TITLE
Managing Director of Traffic & Data Services
AGE
51
TENURE
2.2 yrs

Joanna Williams

TITLE
Director of Software Operations & Planning Systems
TENURE
2.1 yrs

Alex Sarginson

TITLE
Managing Director of Operations & Planning Systems
TENURE
2.1 yrs

Ann Kwan

TITLE
Technical Manager
Board of Directors Tenure

Average tenure and age of the Tracsis board of directors in years:

5.7
Average Tenure
52.5
Average Age
  • The tenure for the Tracsis board of directors is about average.
Board of Directors

Chris Cole

TITLE
Independent Non-Executive Chairman
COMPENSATION
£50K
AGE
72
TENURE
4.6 yrs

John McArthur

TITLE
CEO & Executive Director
COMPENSATION
£376K
AGE
43

Max Cawthra

TITLE
CFO & Executive Director
COMPENSATION
£245K
AGE
40
TENURE
7.3 yrs

Alan Wilson

TITLE
Member of Advisory Board & Divisional MD
AGE
59
TENURE
5.7 yrs

Lisa Charles-Jones

TITLE
Independent Non-Executive Director
COMPENSATION
£28K
AGE
47
TENURE
2.3 yrs

Liz Richards

TITLE
Independent Non-Executive Director
COMPENSATION
£28K
AGE
60
TENURE
2.2 yrs

Robert Watson

TITLE
Member of Advisory Board
COMPENSATION
£44K
AGE
58
TENURE
5.7 yrs

Nigel Pennington

TITLE
Member of Advisory Board
TENURE
5.7 yrs

Mac Andrade

TITLE
Independent Non-Executive Director
AGE
42
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
21. May 18 Sell Maxwell Cawthra Individual 21. May 18 21. May 18 -20,000 $7.25 $-144,918
21. Feb 18 Sell John McArthur Individual 20. Feb 18 21. Feb 18 -105,000 $7.25 $-754,705
X
Management checks
We assess Tracsis's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Tracsis has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

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Company Info

Map
Description

Tracsis plc, together with its subsidiaries, provides software development and consultancy services for the rail industry. The company operates in two segments, Rail Technology and Services and Traffic & Data Services. It offers operations and planning systems, including rolling stock and crew planning and optimization tools; and information management and performance reporting software. The company also provides software solutions for driver and train crew diagramming, driver and train crew rostering, rolling stock planning, and performance and safety management, as well as offers strategic and operations, and software consultancy services. In addition, it offers traffic and data services, such as transport survey training and data collection, transport data consultancy, market research, and data capture services within traffic, rail, and pedestrian environments. Further, the company provides data acquisition, analysis, and remote condition monitoring hardware and software solutions for infrastructure maintainers; and traffic planning and management services comprising event car parking, event signage, access control, and admission services for the events industry. Additionally, it offers hosting solutions, software development, IT consultancy, business intelligence, process automation, mobile applications, and data processing services. The company serves transport operators, transport authorities, and infrastructure operators, as well as engineering and infrastructure companies in the United Kingdom, North America, Australia, and internationally. Tracsis plc was founded in 2004 and is headquartered in Leeds, the United Kingdom.

Details
Name: Tracsis plc
TCII.F
Exchange: OTCPK
Founded: 2004
£222,060,863
28,408,816
Website: http://www.tracsis.com
Address: Tracsis plc
Leeds Innovation Centre,
103 Clarendon Road,
Leeds,
West Yorkshire, LS2 9DF,
United Kingdom
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
AIM TRCS Ordinary Shares London Stock Exchange AIM Market GB GBP 27. Nov 2007
OTCPK TCII.F Ordinary Shares Pink Sheets LLC US USD 27. Nov 2007
Number of employees
Current staff
Staff numbers
667
Tracsis employees.
Industry
Application Software
Software
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2018/11/19 22:21
End of day share price update: 2018/08/23 00:00
Last estimates confirmation: 2018/11/08
Last earnings filing: 2018/11/08
Last earnings reported: 2018/07/31
Last annual earnings reported: 2018/07/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.