OTCPK:KPSH.F

Stock Analysis Report

Executive Summary

Kapsch TrafficCom AG provides intelligent transportation systems (ITS) worldwide.

Snowflake

Fundamentals

Established dividend payer with adequate balance sheet.

Share Price & News

How has Kapsch TrafficCom's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: KPSH.F has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0%

KPSH.F

-0.4%

US Electronic

0.7%

US Market


1 Year Return

n/a

KPSH.F

18.0%

US Electronic

12.9%

US Market

Return vs Industry: Insufficient data to determine how KPSH.F performed against the US Electronic industry.

Return vs Market: Insufficient data to determine how KPSH.F performed against the US Market.


Shareholder returns

KPSH.FIndustryMarket
7 Day0%-0.4%0.7%
30 Day0%4.8%4.4%
90 Dayn/a14.5%7.0%
1 Yearn/a19.3%18.0%15.4%12.9%
3 Yearn/a51.4%47.2%49.1%39.5%
5 Yearn/a81.6%72.7%62.7%44.7%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

Is Kapsch TrafficCom undervalued compared to its fair value and its price relative to the market?

7.86x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: KPSH.F ($38.34) is trading above our estimate of fair value ($36.66)

Significantly Below Fair Value: KPSH.F is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: KPSH.F is good value based on its PE Ratio (7.9x) compared to the Electronic industry average (20.8x).

PE vs Market: KPSH.F is good value based on its PE Ratio (7.9x) compared to the US market (18.2x).


Price to Earnings Growth Ratio

PEG Ratio: KPSH.F's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: KPSH.F is good value based on its PB Ratio (1.5x) compared to the US Electronic industry average (2.1x).


Next Steps

Future Growth

How is Kapsch TrafficCom forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

-17.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: KPSH.F's earnings are forecast to decline over the next 3 years (-17.1% per year).

Earnings vs Market: KPSH.F's earnings are forecast to decline over the next 3 years (-17.1% per year).

High Growth Earnings: KPSH.F's earnings are forecast to decline over the next 3 years.

Revenue vs Market: KPSH.F's revenue (0.2% per year) is forecast to grow slower than the US market (7.3% per year).

High Growth Revenue: KPSH.F's revenue (0.2% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: KPSH.F's Return on Equity is forecast to be low in 3 years time (9.5%).


Next Steps

Past Performance

How has Kapsch TrafficCom performed over the past 5 years?

32.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: KPSH.F has a high level of non-cash earnings.

Growing Profit Margin: KPSH.F's current net profit margins (6.5%) are higher than last year (4.1%).


Past Earnings Growth Analysis

Earnings Trend: KPSH.F has become profitable over the past 5 years, growing earnings by 32.3% per year.

Accelerating Growth: KPSH.F's earnings growth over the past year (66.7%) exceeds its 5-year average (32.3% per year).

Earnings vs Industry: KPSH.F earnings growth over the past year (66.7%) exceeded the Electronic industry 56.3%.


Return on Equity

High ROE: KPSH.F's Return on Equity (18%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Kapsch TrafficCom's financial position?


Financial Position Analysis

Short Term Liabilities: KPSH.F's short term assets (€494.4M) exceeds its short term liabilities (€235.2M)

Long Term Liabilities: KPSH.F's short term assets (494.4M) exceeds its long term liabilities (183.8M)


Debt to Equity History and Analysis

Debt Level: KPSH.F's debt to equity ratio (65.4%) is considered high

Reducing Debt: KPSH.F's debt to equity ratio has reduced from 73.2% to 65.4% over the past 5 years.

Debt Coverage: KPSH.F's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: KPSH.F's interest payments on its debt are well covered by EBIT (18.6x coverage).


Balance Sheet

Inventory Level: KPSH.F has a low level of unsold assets or inventory.

Debt Coverage by Assets: KPSH.F's debt is covered by short term assets (assets are 2.9x debt).


Next Steps

Dividend

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

5.19%

Current Dividend Yield


Dividend Yield vs Market

company5.2%marketbottom25%1.4%markettop25%3.6%industryaverage1.5%forecastin3Years4.5%

Current dividend yield vs market & industry

Notable Dividend: KPSH.F's dividend (5.19%) is higher than the bottom 25% of dividend payers in the US market (1.42%).

High Dividend: KPSH.F's dividend (5.19%) is in the top 25% of dividend payers in the US market (3.65%)


Stability and Growth of Payments

Stable Dividend: KPSH.F's dividend payments have been volatile in the past 10 years.

Growing Dividend: KPSH.F's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (40.8%), KPSH.F's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: KPSH.F's dividends in 3 years are forecast to be covered by earnings (59.5% payout ratio).


Next Steps

Management

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

3.6yrs

Average management tenure


CEO

Georg Kapsch (60yo)

16.9yrs

Tenure

€1,020,000

Compensation

Mag. Georg Kapsch, M.P. serves as the Chief Executive Officer at Kapsch TrafficCom Russia OOO. Mag. Kapsch serves as the Chairman of Executive Board at Kapsch TrafficCom AG and has been its Chief Executive ...


CEO Compensation Analysis

Compensation vs Market: Georg's total compensation ($USD1.13M) is below average for companies of similar size in the US market ($USD1.73M).

Compensation vs Earnings: Georg's compensation has been consistent with company performance over the past year.


Management Age and Tenure

3.6yrs

Average Tenure

53yo

Average Age

Experienced Management: KPSH.F's management team is considered experienced (3.6 years average tenure).


Board Age and Tenure

11.3yrs

Average Tenure

52yo

Average Age

Experienced Board: KPSH.F's board of directors are seasoned and experienced ( 11.3 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

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


Management Team

  • Georg Kapsch (60yo)

    Chairman of Executive Board & CEO

    • Tenure: 16.9yrs
    • Compensation: €1.02m
  • Ingolf Planer (47yo)

    Managing Director of Kapsch Components GmbH

    • Tenure: 0yrs
  • André Laux (57yo)

    Member of Executive Board & COO

    • Tenure: 9.6yrs
    • Compensation: €571.00k
  • Alfredo Escribá Gallego (50yo)

    CTO & Member of Executive Board

    • Tenure: 0.5yrs
  • Chris Murray

    CEO & President of Kapsch TrafficCom IVHS

    • Tenure: 8.8yrs
  • Hans Lang

    Investor Relations & Compliance Officer

    • Tenure: 3.3yrs
  • Nathalie Leboucher (53yo)

    Senior Vice President of Western Europe

    • Tenure: 0yrs
  • Japjeev Kohli

    Chief Technology Officer of North American Region

    • Tenure: 3.6yrs
  • J. Kendrick

    Senior Vice President of Sales & Business Development - North America

    • Tenure: 2.2yrs
  • Ulrike Klemm-Pöttinger

    Executive Vice President of Finance

    • Tenure: 0yrs

Board Members

  • Harald Sommerer (52yo)

    Member of Supervisory Board

    • Tenure: 6.2yrs
  • Kari Kapsch (55yo)

    Deputy Chairman of the Supervisory Board

    • Tenure: 14.4yrs
  • Franz Semmernegg (51yo)

    Chairman of the Supervisory Board

    • Tenure: 14.4yrs
  • Sabine Kauper (51yo)

    Member of Supervisory Board

    • Tenure: 8.3yrs
  • Christian Windisch (56yo)

    Member of Supervisory Board

    • Tenure: 17yrs
  • Claudia Rudolf-Misch (52yo)

    Member of Supervisory Board

    • Tenure: 1yrs

Company Information

Kapsch TrafficCom AG's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Kapsch TrafficCom AG
  • Ticker: KPSH.F
  • Exchange: OTCPK
  • Founded: 1892
  • Industry: Electronic Equipment and Instruments
  • Sector: Tech
  • Market Cap: €375.700m
  • Listing Market Cap: €415.046m
  • Shares outstanding: 13.00m
  • Website: https://www.kapschtraffic.com

Number of Employees


Location

  • Kapsch TrafficCom AG
  • Am Europlatz 2
  • Vienna
  • Vienna
  • 1120
  • Austria

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
KTCGWBAG (Wiener Boerse AG)YesOrdinary SharesATEURJun 2007
BZ6DB (Deutsche Boerse AG)YesOrdinary SharesDEEURJun 2007
0GTOLSE (London Stock Exchange)YesOrdinary SharesGBEURJun 2007
KPSH.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDJun 2007
KTCGVBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBEURJun 2007

Biography

Kapsch TrafficCom AG provides intelligent transportation systems (ITS) worldwide. It operates through two segments, Electronic Toll Collection (ETC) and Intelligent Mobility Solutions. The company offers i ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/11/17 00:08
End of Day Share Price2019/09/09 00:00
Earnings2019/03/31
Annual Earnings2019/03/31


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.