Tracsis
OTCPK:TCII.F
TCII.F
OTCPK
£173M
Market Cap
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.
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.
| 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.
| 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.
| 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 |
| 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 |
| 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 |
| 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
| 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.
| 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
| 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 .
| 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
| 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 |
| 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.
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Value checks
We assess Tracsis's value by looking at:- 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. )
- Is the PE ratio less than the market average, and/ or less than the Software industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Software industry average (and greater than 0)? (1 check) 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!
-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
| 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
All numbers in GBP Millions and using
Trailing twelve months (TTM)
annual period rather than quarterly.
| 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 |
| 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 |
| 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.
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
| 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.
| 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 |
| 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.
X
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.
Future performance checks
We assess Tracsis's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
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.
| 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).
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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.
Past performance checks
We assess Tracsis's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Software industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
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.
- 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.
| 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
Full details on the Health part of the Simply Wall St company analysis model.
Financial health checks
We assess Tracsis's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Tracsis has a total score of 6/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- 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
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
| 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.
| Date (Data in £) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2020-07-31 | 0.02 | 1.00 |
| 2019-07-31 | 0.02 | 1.00 |
| 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.
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Full details on the Dividends part of the Simply Wall St company analysis model.
Income/ dividend checks
We assess Tracsis's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- 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) 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
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 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
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.
Management checks
We assess Tracsis's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) 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.
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
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.
