Duyuru • Apr 10
Ctac N.V. to Report First Half, 2026 Results on Jul 21, 2026 Ctac N.V. announced that they will report first half, 2026 results on Jul 21, 2026 Upcoming Dividend • Apr 10
Upcoming dividend of €0.11 per share Eligible shareholders must have bought the stock before 17 April 2026. Payment date: 27 April 2026. Payout ratio is a comfortable 43% but the company is not cash flow positive. Trailing yield: 3.7%. Lower than top quartile of Dutch dividend payers (5.1%). Higher than average of industry peers (2.9%). Declared Dividend • Mar 08
Dividend of €0.11 announced Dividend of €0.11 is the same as last year. Ex-date: 17th April 2026 Payment date: 27th April 2026 Dividend yield will be 3.8%, which is higher than the industry average of 1.8%. Sustainability & Growth Dividend is covered by earnings (38% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 6.8% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 18% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Duyuru • Mar 06
Ctac N.V. announces Annual dividend, payable on April 27, 2026 Ctac N.V. announced Annual dividend of EUR 0.1100 per share payable on April 27, 2026, ex-date on April 17, 2026 and record date on April 20, 2026. New Risk • Feb 10
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Paying a dividend despite having no free cash flows. Market cap is less than US$100m (€43.7m market cap, or US$52.1m). Reported Earnings • Jul 29
First half 2025 earnings released: EPS: €0.10 (vs €0.086 in 1H 2024) First half 2025 results: EPS: €0.10 (up from €0.086 in 1H 2024). Revenue: €62.8m (up 1.4% from 1H 2024). Net income: €1.41m (up 16% from 1H 2024). Profit margin: 2.2% (up from 2.0% in 1H 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the IT industry in Europe. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. New Risk • Jul 27
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 3.3% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (20% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (€47.3m market cap, or US$55.5m). Duyuru • Apr 18
Ctac N.V. announces Annual dividend, payable on April 25, 2025 Ctac N.V. announced Annual dividend of EUR 0.1100 per share payable on April 25, 2025, ex-date on April 17, 2025 and record date on April 22, 2025. Duyuru • Apr 08
Ctac N.V. to Report First Half, 2025 Results on Jul 25, 2025 Ctac N.V. announced that they will report first half, 2025 results on Jul 25, 2025 Reported Earnings • Apr 02
Full year 2024 earnings: EPS exceeds analyst expectations Full year 2024 results: EPS: €0.28 (up from €0.068 in FY 2023). Revenue: €124.3m (down 2.3% from FY 2023). Net income: €3.91m (up 311% from FY 2023). Profit margin: 3.1% (up from 0.7% in FY 2023). The increase in margin was driven by lower expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 3.7%. Revenue is forecast to grow 4.5% p.a. on average during the next 2 years, compared to a 4.9% growth forecast for the IT industry in Europe. Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. New Risk • Mar 07
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 4.4% 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. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (143% payout ratio). Share price has been volatile over the past 3 months (4.4% average weekly change). Market cap is less than US$100m (€40.9m market cap, or US$44.4m). Valuation Update With 7 Day Price Move • Mar 07
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to €3.46, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 15x in the IT industry in Europe. Total loss to shareholders of 9.2% over the past three years. Reported Earnings • Mar 02
Full year 2024 earnings released Full year 2024 results: Revenue: €124.6m (down 2.1% from FY 2023). Net income: €3.91m (up 245% from FY 2023). Profit margin: 3.1% (up from 0.9% in FY 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 4.4% p.a. on average during the next 2 years, compared to a 4.8% growth forecast for the IT industry in Europe. Duyuru • Feb 28
Ctac N.V., Annual General Meeting, Apr 15, 2025 Ctac N.V., Annual General Meeting, Apr 15, 2025. New Risk • Feb 11
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Dividend is not well covered by earnings (143% payout ratio). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.9% net profit margin). Market cap is less than US$100m (€40.7m market cap, or US$42.1m). Price Target Changed • Feb 06
Price target decreased by 26% to €4.00 Down from €5.38, the current price target is provided by 1 analyst. New target price is 33% above last closing price of €3.00. Stock is down 11% over the past year. The company is forecast to post earnings per share of €0.27 for next year compared to €0.081 last year. Duyuru • Dec 31
Ctac N.V. to Report Fiscal Year 2024 Results on Feb 27, 2025 Ctac N.V. announced that they will report fiscal year 2024 results on Feb 27, 2025 New Risk • Aug 02
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 21% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (143% payout ratio). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.9% net profit margin). Market cap is less than US$100m (€43.2m market cap, or US$46.7m). Buy Or Sell Opportunity • Jul 31
Now 21% undervalued The stock has been flat over the last 90 days, currently trading at €3.05. The fair value is estimated to be €3.87, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has declined by 23%. For the next 3 years, revenue is forecast to grow by 5.2% per annum. Earnings are also forecast to grow by 42% per annum over the same time period. New Risk • Jun 12
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 6.3% 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. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (6.3% average weekly change). Minor Risks Dividend is not well covered by earnings (137% payout ratio). Profit margins are more than 30% lower than last year (0.9% net profit margin). Market cap is less than US$100m (€45.1m market cap, or US$48.6m). Buy Or Sell Opportunity • May 22
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 6.6% to €3.10. The fair value is estimated to be €3.90, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has declined by 23%. For the next 3 years, revenue is forecast to grow by 5.4% per annum. Earnings are also forecast to grow by 46% per annum over the same time period. Buy Or Sell Opportunity • Apr 30
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 9.5% to €3.06. The fair value is estimated to be €3.85, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has declined by 23%. For the next 3 years, revenue is forecast to grow by 5.4% per annum. Earnings are also forecast to grow by 46% per annum over the same time period. Upcoming Dividend • Apr 04
Upcoming dividend of €0.11 per share Eligible shareholders must have bought the stock before 11 April 2024. Payment date: 19 April 2024. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 2.9%. Lower than top quartile of Dutch dividend payers (5.6%). Higher than average of industry peers (2.0%). Valuation Update With 7 Day Price Move • Mar 27
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €3.82, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 15x in the IT industry in Europe. Total returns to shareholders of 11% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €3.82 per share. Declared Dividend • Mar 14
Dividend of €0.11 announced Shareholders will receive a dividend of €0.11. Ex-date: 11th April 2024 Payment date: 19th April 2024 Dividend yield will be 3.2%, which is higher than the industry average of 1.8%. Sustainability & Growth Dividend is not covered by earnings (137% earnings payout ratio). However, it is well covered by cash flows (18% cash payout ratio). The dividend has increased by an average of 8.5% per year over the past 8 years and payments have been stable during that time. The company's earnings per share (EPS) would need to grow by 52% to bring the payout ratio under control. EPS is expected to grow by 211% over the next 3 years, which is sufficient to bring the dividend into a sustainable range. Reported Earnings • Mar 01
Full year 2023 earnings released Full year 2023 results: Revenue: €127.5m (up 8.3% from FY 2022). Net income: €951.0k (down 81% from FY 2022). Profit margin: 0.7% (down from 4.3% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.2% p.a. on average during the next 2 years, compared to a 6.5% growth forecast for the IT industry in Europe. Duyuru • Feb 28
Ctac N.V. to Report First Half, 2024 Results on Jul 26, 2024 Ctac N.V. announced that they will report first half, 2024 results on Jul 26, 2024 New Risk • Oct 31
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (€47.8m market cap, or US$50.5m). Duyuru • Oct 28
Ctac N.V., Annual General Meeting, Apr 09, 2024 Ctac N.V., Annual General Meeting, Apr 09, 2024. Duyuru • Oct 27
Ctac N.V. to Report Fiscal Year 2023 Results on Feb 27, 2024 Ctac N.V. announced that they will report fiscal year 2023 results on Feb 27, 2024 Duyuru • Jul 29
Ctac N.V. to Report Q3, 2023 Results on Oct 26, 2023 Ctac N.V. announced that they will report Q3, 2023 results on Oct 26, 2023 Upcoming Dividend • Apr 12
Upcoming dividend of €0.12 per share at 3.0% yield Eligible shareholders must have bought the stock before 19 April 2023. Payment date: 03 May 2023. Payout ratio is a comfortable 35% and this is well supported by cash flows. Trailing yield: 3.0%. Lower than top quartile of Dutch dividend payers (6.4%). Higher than average of industry peers (2.1%). Price Target Changed • Nov 16
Price target decreased to €5.50 Down from €6.40, the current price target is provided by 1 analyst. New target price is 62% above last closing price of €3.40. Stock is down 19% over the past year. The company is forecast to post earnings per share of €0.35 for next year compared to €0.33 last year. Duyuru • Jun 03
Ctac N.V. (ENXTAM:CTAC) entered into an agreement to acquire Technology2Enjoy B.V. Ctac N.V. (ENXTAM:CTAC) entered into an agreement to acquire Technology2Enjoy B.V. on June 1, 2022. Ctac will pay the full acquisition price from its own resources and will not raise additional financing or issue shares. Eddy van der Laan will stay on and will lead the SAP Business ByDesign / Oracle PeopleSoft services within Ctac. As of December 31, 2021, Technology2Enjoy B.V reported revenue of €3 million. Upcoming Dividend • May 03
Upcoming dividend of €0.11 per share Eligible shareholders must have bought the stock before 10 May 2022. Payment date: 24 May 2022. Payout ratio is a comfortable 34% and this is well supported by cash flows. Trailing yield: 2.6%. Lower than top quartile of Dutch dividend payers (5.7%). Higher than average of industry peers (1.8%). Price Target Changed • Apr 27
Price target increased to €6.20 Up from €5.50, the current price target is provided by 1 analyst. New target price is 53% above last closing price of €4.06. Stock is up 0.2% over the past year. The company is forecast to post earnings per share of €0.33 for next year compared to €0.33 last year. Duyuru • Apr 15
DataBalk B.V. completed the acquisition of Fit4Woco from Ctac N.V. (ENXTAM:CTAC). Databalk signed an agreement to acquire Fit4Woc from Ctac N.V. (ENXTAM:CTAC) on March 21, 2022. Transaction is expected to to complete the transaction in 2022. . The sale of Fit4Woco will reduce Ctac's annual revenues by around EUR 1.5 million
DataBalk B.V. completed the acquisition of Fit4Woco from Ctac N.V. (ENXTAM:CTAC) on April 14, 2022. Duyuru • Mar 23
Databalk signed an agreement to acquire Fit4Woc from Ctac N.V. (ENXTAM:CTAC). Databalk signed an agreement to acquire Fit4Woc from Ctac N.V. (ENXTAM:CTAC) on March 21, 2022. Transaction is expected to to complete the transaction in 2022. . The sale of Fit4Woco will reduce Ctac's annual revenues by around EUR 1.5 million Upcoming Dividend • May 07
Upcoming dividend of €0.08 per share Eligible shareholders must have bought the stock before 14 May 2021. Payment date: 09 June 2021. Trailing yield: 2.0%. Lower than top quartile of Dutch dividend payers (4.2%). Higher than average of industry peers (1.6%). Price Target Changed • Mar 19
Price target increased to €5.50 Up from €3.93, the current price target is provided by 1 analyst. New target price is 47% above last closing price of €3.74. Stock is up 133% over the past year. Valuation Update With 7 Day Price Move • Mar 04
Investor sentiment improved over the past week After last week's 15% share price gain to €3.34, the stock is trading at a trailing P/E ratio of 24.9x, up from the previous P/E ratio of 21.6x. This compares to an average P/E of 25x in the IT industry in Europe. Total returns to shareholders over the past three years are 7.0%. Is New 90 Day High Low • Mar 02
New 90-day high: €3.22 The company is up 32% from its price of €2.44 on 02 December 2020. The Dutch market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is up 22% over the same period. Is New 90 Day High Low • Jan 14
New 90-day high: €3.10 The company is up 58% from its price of €1.97 on 15 October 2020. The Dutch market is up 19% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is up 9.0% over the same period. Is New 90 Day High Low • Dec 28
New 90-day high: €2.88 The company is up 52% from its price of €1.90 on 29 September 2020. The Dutch market is up 16% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is up 23% over the same period. Valuation Update With 7 Day Price Move • Dec 11
Investor sentiment improved over the past week After last week's 15% share price gain to €2.82, the stock is trading at a trailing P/E ratio of 21x, up from the previous P/E ratio of 18.2x. This compares to an average P/E of 22x in the IT industry in Europe. Total return to shareholders over the past three years is a loss of 1.3%. Is New 90 Day High Low • Dec 08
New 90-day high: €2.54 The company is up 23% from its price of €2.07 on 09 September 2020. The Dutch market is up 16% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the IT industry, which is up 28% over the same period. Is New 90 Day High Low • Nov 11
New 90-day high: €2.23 The company is up 34% from its price of €1.67 on 13 August 2020. The Dutch market is up 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is up 9.0% over the same period. Duyuru • Aug 30
Ctac N.V. to Report Fiscal Year 2020 Results on Mar 05, 2021 Ctac N.V. announced that they will report fiscal year 2020 results on Mar 05, 2021