INIT INNOVATION IN TRAFFIC S (IXX.DE) Stock Fundamental Analysis
FRA:IXX - Deutsche Boerse Ag - DE0005759807 - Common Stock - Currency: EUR
Overall IXX gets a fundamental rating of 5 out of 10. We evaluated IXX against 95 industry peers in the Software industry. IXX has only an average score on both its financial health and profitability. IXX is not overvalued while it is showing excellent growth. This is an interesting combination.
1. Profitability
1.1 Basic Checks
In the past year IXX was profitable.
In the past year IXX had a positive cash flow from operations.
Each year in the past 5 years IXX has been profitable.
In the past 5 years IXX always reported a positive cash flow from operatings.
1.2 Ratios
The Return On Assets of IXX (4.94%) is comparable to the rest of the industry.
The Return On Equity of IXX (11.53%) is better than 68.42% of its industry peers.
The Return On Invested Capital of IXX (9.40%) is better than 74.74% of its industry peers.
IXX had an Average Return On Invested Capital over the past 3 years of 9.12%. This is in line with the industry average of 11.01%.
The last Return On Invested Capital (9.40%) for IXX is above the 3 year average (9.12%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.94% | ||
| ROE | 11.53% | ||
| ROIC | 9.4% |
ROA(3y)5.83%
ROA(5y)5.96%
ROE(3y)12.79%
ROE(5y)13.4%
ROIC(3y)9.12%
ROIC(5y)9.1%
1.3 Margins
IXX has a Profit Margin of 5.82%. This is comparable to the rest of the industry: IXX outperforms 56.84% of its industry peers.
IXX's Profit Margin has declined in the last couple of years.
Looking at the Operating Margin, with a value of 9.76%, IXX is in the better half of the industry, outperforming 61.05% of the companies in the same industry.
In the last couple of years the Operating Margin of IXX has remained more or less at the same level.
Looking at the Gross Margin, with a value of 37.04%, IXX is doing worse than 73.68% of the companies in the same industry.
IXX's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 9.76% | ||
| PM (TTM) | 5.82% | ||
| GM | 37.04% |
OM growth 3Y0.63%
OM growth 5Y-0.77%
PM growth 3Y-6.08%
PM growth 5Y-4.28%
GM growth 3Y1.46%
GM growth 5Y1.73%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so IXX is still creating some value.
Compared to 1 year ago, IXX has more shares outstanding
Compared to 5 years ago, IXX has less shares outstanding
The debt/assets ratio for IXX is higher compared to a year ago.
2.2 Solvency
IXX has an Altman-Z score of 3.23. This indicates that IXX is financially healthy and has little risk of bankruptcy at the moment.
IXX's Altman-Z score of 3.23 is in line compared to the rest of the industry. IXX outperforms 58.95% of its industry peers.
A Debt/Equity ratio of 0.40 indicates that IXX is not too dependend on debt financing.
IXX has a Debt to Equity ratio of 0.40. This is comparable to the rest of the industry: IXX outperforms 43.16% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.4 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 3.23 |
ROIC/WACC1.39
WACC6.76%
2.3 Liquidity
A Current Ratio of 1.65 indicates that IXX should not have too much problems paying its short term obligations.
Looking at the Current ratio, with a value of 1.65, IXX is in the better half of the industry, outperforming 67.37% of the companies in the same industry.
IXX has a Quick Ratio of 1.12. This is a normal value and indicates that IXX is financially healthy and should not expect problems in meeting its short term obligations.
IXX has a Quick ratio of 1.12. This is comparable to the rest of the industry: IXX outperforms 42.11% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.65 | ||
| Quick Ratio | 1.12 |
3. Growth
3.1 Past
IXX shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 2.59%.
Measured over the past 5 years, IXX shows a small growth in Earnings Per Share. The EPS has been growing by 6.71% on average per year.
The Revenue has grown by 26.03% in the past year. This is a very strong growth!
The Revenue has been growing by 11.17% on average over the past years. This is quite good.
EPS 1Y (TTM)2.59%
EPS 3Y7.84%
EPS 5Y6.71%
EPS Q2Q%-26.8%
Revenue 1Y (TTM)26.03%
Revenue growth 3Y14.57%
Revenue growth 5Y11.17%
Sales Q2Q%29.2%
3.2 Future
The Earnings Per Share is expected to grow by 25.07% on average over the next years. This is a very strong growth
Based on estimates for the next years, IXX will show a quite strong growth in Revenue. The Revenue will grow by 16.01% on average per year.
EPS Next Y14.53%
EPS Next 2Y23.54%
EPS Next 3Y25.07%
EPS Next 5YN/A
Revenue Next Year21.36%
Revenue Next 2Y18.63%
Revenue Next 3Y16.93%
Revenue Next 5Y16.01%
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 24.68, IXX is valued on the expensive side.
Based on the Price/Earnings ratio, IXX is valued a bit cheaper than 78.95% of the companies in the same industry.
IXX is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 28.78, which is the current average of the S&P500 Index.
A Price/Forward Earnings ratio of 19.60 indicates a rather expensive valuation of IXX.
IXX's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. IXX is cheaper than 74.74% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 21.32, IXX is valued at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 24.68 | ||
| Fwd PE | 19.6 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of IXX indicates a somewhat cheap valuation: IXX is cheaper than 71.58% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 11.68 |
4.3 Compensation for Growth
The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
The decent profitability rating of IXX may justify a higher PE ratio.
IXX's earnings are expected to grow with 25.07% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.7
PEG (5Y)3.68
EPS Next 2Y23.54%
EPS Next 3Y25.07%
5. Dividend
5.1 Amount
IXX has a Yearly Dividend Yield of 2.05%. Purely for dividend investing, there may be better candidates out there.
IXX's Dividend Yield is rather good when compared to the industry average which is at 1.86. IXX pays more dividend than 94.74% of the companies in the same industry.
IXX's Dividend Yield is comparable with the S&P500 average which is at 2.46.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.05% |
5.2 History
The dividend of IXX is nicely growing with an annual growth rate of 39.51%!
Dividend Growth(5Y)39.51%
Div Incr Years2
Div Non Decr Years5
5.3 Sustainability
IXX pays out 44.70% of its income as dividend. This is a bit on the high side, but may be sustainable.
IXX's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP44.7%
EPS Next 2Y23.54%
EPS Next 3Y25.07%
FRA:IXX (4/28/2025, 4:30:07 PM)
39
-0.2 (-0.51%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)
Earnings (Next)
Inst Owners24.79%
Inst Owner ChangeN/A
Ins Owners0.33%
Ins Owner ChangeN/A
Market Cap391.56M
Analysts83.33
Price Target57.12 (46.46%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.05% |
Yearly Dividend0.7
Dividend Growth(5Y)39.51%
DP44.7%
Div Incr Years2
Div Non Decr Years5
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)3.7%
PT rev (3m)3.7%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)-13.41%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-0.66%
Revenue NY rev (3m)5.22%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 24.68 | ||
| Fwd PE | 19.6 | ||
| P/S | 1.47 | ||
| P/FCF | N/A | ||
| P/OCF | 36.12 | ||
| P/B | 2.92 | ||
| P/tB | 5.1 | ||
| EV/EBITDA | 11.68 |
EPS(TTM)1.58
EY4.05%
EPS(NY)1.99
Fwd EY5.1%
FCF(TTM)-0.72
FCFYN/A
OCF(TTM)1.08
OCFY2.77%
SpS26.46
BVpS13.37
TBVpS7.64
PEG (NY)1.7
PEG (5Y)3.68
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.94% | ||
| ROE | 11.53% | ||
| ROCE | 12.62% | ||
| ROIC | 9.4% | ||
| ROICexc | 10.62% | ||
| ROICexgc | 15.52% | ||
| OM | 9.76% | ||
| PM (TTM) | 5.82% | ||
| GM | 37.04% | ||
| FCFM | N/A |
ROA(3y)5.83%
ROA(5y)5.96%
ROE(3y)12.79%
ROE(5y)13.4%
ROIC(3y)9.12%
ROIC(5y)9.1%
ROICexc(3y)10.98%
ROICexc(5y)11.12%
ROICexgc(3y)15.05%
ROICexgc(5y)15.07%
ROCE(3y)12.24%
ROCE(5y)12.21%
ROICexcg growth 3Y4.46%
ROICexcg growth 5Y0.68%
ROICexc growth 3Y0.88%
ROICexc growth 5Y-2.8%
OM growth 3Y0.63%
OM growth 5Y-0.77%
PM growth 3Y-6.08%
PM growth 5Y-4.28%
GM growth 3Y1.46%
GM growth 5Y1.73%
F-Score4
Asset Turnover0.85
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.4 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 1.35 | ||
| Cap/Depr | 127.59% | ||
| Cap/Sales | 6.82% | ||
| Interest Coverage | 58.51 | ||
| Cash Conversion | 27.02% | ||
| Profit Quality | N/A | ||
| Current Ratio | 1.65 | ||
| Quick Ratio | 1.12 | ||
| Altman-Z | 3.23 |
F-Score4
WACC6.76%
ROIC/WACC1.39
Cap/Depr(3y)112.24%
Cap/Depr(5y)90.28%
Cap/Sales(3y)5.99%
Cap/Sales(5y)4.8%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)2.59%
EPS 3Y7.84%
EPS 5Y6.71%
EPS Q2Q%-26.8%
EPS Next Y14.53%
EPS Next 2Y23.54%
EPS Next 3Y25.07%
EPS Next 5YN/A
Revenue 1Y (TTM)26.03%
Revenue growth 3Y14.57%
Revenue growth 5Y11.17%
Sales Q2Q%29.2%
Revenue Next Year21.36%
Revenue Next 2Y18.63%
Revenue Next 3Y16.93%
Revenue Next 5Y16.01%
EBIT growth 1Y24.93%
EBIT growth 3Y15.3%
EBIT growth 5Y10.31%
EBIT Next Year76.79%
EBIT Next 3Y37.01%
EBIT Next 5YN/A
FCF growth 1Y-60.53%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y35.84%
OCF growth 3Y-12.18%
OCF growth 5Y-12.5%