Financials init innovation in traffic systems SE

Equities

IXX

DE0005759807

Software

Market Closed - Xetra 11:39:38 2024-04-26 am EDT 5-day change 1st Jan Change
38.6 EUR +3.49% Intraday chart for init innovation in traffic systems SE +6.93% +26.56%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 231.1 331.3 330.9 252.6 301.3 379.8 - -
Enterprise Value (EV) 1 245 350.4 344.4 250.6 301.3 400.5 392.6 377.4
P/E ratio 20.4 x 22.2 x 26.6 x 15.3 x 19.8 x 21.4 x 17 x 13.9 x
Yield 1.73% 1.65% 1.65% 2.75% - 1.94% 2.14% 2.4%
Capitalization / Revenue 1.48 x 1.83 x 1.87 x 1.32 x 1.43 x 1.5 x 1.32 x 1.14 x
EV / Revenue 1.57 x 1.94 x 1.95 x 1.31 x 1.43 x 1.58 x 1.36 x 1.14 x
EV / EBITDA 10.4 x 12.1 x 12.6 x 8.03 x 9.34 x 10.4 x 8.32 x 6.75 x
EV / FCF 15.8 x 20.3 x 27.9 x 17.4 x - 49.4 x 29.7 x 22.4 x
FCF Yield 6.32% 4.93% 3.58% 5.75% - 2.02% 3.36% 4.46%
Price to Book 2.71 x 3.66 x 3.23 x 2.17 x - 2.97 x 2.7 x 2.34 x
Nbr of stocks (in thousands) 10,002 9,949 9,936 9,926 9,879 9,840 - -
Reference price 2 23.10 33.30 33.30 25.45 30.50 38.60 38.60 38.60
Announcement Date 3/25/20 3/25/21 3/24/22 3/30/23 3/21/24 - - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 156.5 180.7 176.7 191.3 210.8 252.8 288.6 332.4
EBITDA 1 23.45 28.89 27.41 31.2 32.26 38.6 47.2 55.9
EBIT 1 16.24 19.64 17.57 21 21.02 26.45 33.6 40.6
Operating Margin 10.38% 10.87% 9.94% 10.98% 9.97% 10.46% 11.64% 12.21%
Earnings before Tax (EBT) 1 15.24 18.74 16.54 20.28 19.28 24.55 31.7 38.85
Net income 1 11.33 14.94 12.41 16.52 19.28 17.9 22.75 31.6
Net margin 7.24% 8.27% 7.03% 8.64% 9.15% 7.08% 7.88% 9.51%
EPS 2 1.130 1.500 1.250 1.660 1.540 1.800 2.275 2.785
Free Cash Flow 1 15.48 17.28 12.33 14.41 - 8.1 13.2 16.85
FCF margin 9.89% 9.57% 6.98% 7.54% - 3.2% 4.57% 5.07%
FCF Conversion (EBITDA) 66% 59.83% 44.96% 46.18% - 20.98% 27.97% 30.14%
FCF Conversion (Net income) 136.6% 115.67% 99.3% 87.21% - 45.25% 58.02% 53.32%
Dividend per Share 2 0.4000 0.5500 0.5500 0.7000 - 0.7500 0.8250 0.9250
Announcement Date 3/25/20 3/25/21 3/24/22 3/30/23 3/21/24 - - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 2021 Q4 2022 Q1
Net sales 1 - 51.6 35.58
EBITDA - - -
EBIT 1 - 7.038 0.512
Operating Margin - 13.64% 1.44%
Earnings before Tax (EBT) - - -
Net income 2.09 - -
Net margin - - -
EPS 0.2200 - -
Dividend per Share - - -
Announcement Date 11/10/21 3/24/22 5/12/22
1EUR in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 13.9 19.1 13.5 - - 20.7 12.8 -
Net Cash position 1 - - - 2.02 - - - 2.45
Leverage (Debt/EBITDA) 0.5938 x 0.6612 x 0.4942 x - - 0.5363 x 0.2712 x -
Free Cash Flow 1 15.5 17.3 12.3 14.4 - 8.1 13.2 16.9
ROE (net income / shareholders' equity) 14.1% 17% 12.9% 15.1% - 14% 18.4% 21%
ROA (Net income/ Total Assets) - - - - - - - -
Assets 1 - - - - - - - -
Book Value Per Share 2 8.540 9.100 10.30 11.80 - 13.00 14.30 16.50
Cash Flow per Share - - - - - - - -
Capex 1 5.65 7.15 3.68 9.97 - 11.6 12 12.5
Capex / Sales 3.61% 3.96% 2.08% 5.21% - 4.57% 4.14% 3.74%
Announcement Date 3/25/20 3/25/21 3/24/22 3/30/23 3/21/24 - - -
1EUR in Million2EUR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
C+
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
2
Last Close Price
38.6 EUR
Average target price
51.5 EUR
Spread / Average Target
+33.42%
Consensus

Annual profits - Rate of surprise

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