INIT INNOVATION IN TRAFFIC S (IXX.DE) Stock Fundamental Analysis
FRA:IXX - Deutsche Boerse Ag - DE0005759807 - Common Stock - Currency: EUR
Taking everything into account, IXX scores 5 out of 10 in our fundamental rating. IXX was compared to 101 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.
IXX had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
IXX has a Return On Assets of 4.57%. This is in the better half of the industry: IXX outperforms 62.75% of its industry peers.
IXX's Return On Equity of 10.96% is fine compared to the rest of the industry. IXX outperforms 70.59% of its industry peers.
IXX has a better Return On Invested Capital (9.38%) than 74.51% 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 11.09%.
The last Return On Invested Capital (9.38%) for IXX is above the 3 year average (9.12%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.57% | ||
| ROE | 10.96% | ||
| ROIC | 9.38% |
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
The Profit Margin of IXX (5.12%) is comparable to the rest of the industry.
In the last couple of years the Profit Margin of IXX has declined.
IXX's Operating Margin of 8.92% is fine compared to the rest of the industry. IXX outperforms 63.73% of its industry peers.
IXX's Operating Margin has been stable in the last couple of years.
IXX has a Gross Margin of 36.42%. This is in the lower half of the industry: IXX underperforms 74.51% of its industry peers.
IXX's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 8.92% | ||
| PM (TTM) | 5.12% | ||
| GM | 36.42% |
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
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), IXX is creating some value.
IXX has more shares outstanding than it did 1 year ago.
IXX has less shares outstanding than it did 5 years ago.
IXX has a worse debt/assets ratio than last year.
2.2 Solvency
IXX has an Altman-Z score of 3.12. This indicates that IXX is financially healthy and has little risk of bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 3.12, IXX is in line with its industry, outperforming 51.96% of the companies in the same industry.
A Debt/Equity ratio of 0.38 indicates that IXX is not too dependend on debt financing.
IXX has a Debt to Equity ratio (0.38) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.38 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 3.12 |
ROIC/WACC1.29
WACC7.29%
2.3 Liquidity
A Current Ratio of 1.56 indicates that IXX should not have too much problems paying its short term obligations.
With a decent Current ratio value of 1.56, IXX is doing good in the industry, outperforming 62.75% of the companies in the same industry.
IXX has a Quick Ratio of 1.10. 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 1.10. This is comparable to the rest of the industry: IXX outperforms 42.16% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.56 | ||
| Quick Ratio | 1.1 |
3. Growth
3.1 Past
IXX shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -23.61%.
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 28.24% 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)-23.61%
EPS 3Y7.84%
EPS 5Y6.71%
EPS Q2Q%-35.16%
Revenue 1Y (TTM)28.24%
Revenue growth 3Y14.57%
Revenue growth 5Y11.17%
Sales Q2Q%39.55%
3.2 Future
IXX is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 25.07% yearly.
The Revenue is expected to grow by 16.08% on average over the next years. This is quite good.
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 5Y16.08%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
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 24.83, IXX is valued on the expensive side.
IXX's Price/Earnings ratio is rather cheap when compared to the industry. IXX is cheaper than 85.29% of the companies in the same industry.
When comparing the Price/Earnings ratio of IXX to the average of the S&P500 Index (27.45), we can say IXX is valued inline with the index average.
With a Price/Forward Earnings ratio of 13.96, IXX is valued correctly.
IXX's Price/Forward Earnings ratio is rather cheap when compared to the industry. IXX is cheaper than 85.29% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 21.90, IXX is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 24.83 | ||
| Fwd PE | 13.96 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, IXX is valued a bit cheaper than the industry average as 77.45% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 10.71 |
4.3 Compensation for Growth
The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
IXX has a very decent profitability rating, which 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)1.71
PEG (5Y)3.7
EPS Next 2Y23.54%
EPS Next 3Y25.07%
5. Dividend
5.1 Amount
IXX has a Yearly Dividend Yield of 2.22%.
Compared to an average industry Dividend Yield of 2.13, IXX pays a better dividend. On top of this IXX pays more dividend than 93.14% of the companies listed in the same industry.
IXX's Dividend Yield is comparable with the S&P500 average which is at 2.38.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.22% |
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 Years3
Div Non Decr Years6
5.3 Sustainability
IXX pays out 47.27% of its income as dividend. This is a bit on the high side, but may be sustainable.
The dividend of IXX is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP47.27%
EPS Next 2Y23.54%
EPS Next 3Y25.07%
FRA:IXX (7/4/2025, 7:00:00 PM)
37
+0.9 (+2.49%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)
Earnings (Next)
Inst Owners14.48%
Inst Owner ChangeN/A
Ins Owners0.33%
Ins Owner ChangeN/A
Market Cap371.48M
Analysts83.33
Price Target57.12 (54.38%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.22% |
Yearly Dividend0.7
Dividend Growth(5Y)39.51%
DP47.27%
Div Incr Years3
Div Non Decr Years6
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)0%
PT rev (3m)0%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.66%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 24.83 | ||
| Fwd PE | 13.96 | ||
| P/S | 1.3 | ||
| P/FCF | N/A | ||
| P/OCF | 19.67 | ||
| P/B | 2.78 | ||
| P/tB | 4.98 | ||
| EV/EBITDA | 10.71 |
EPS(TTM)1.49
EY4.03%
EPS(NY)2.65
Fwd EY7.17%
FCF(TTM)-0.07
FCFYN/A
OCF(TTM)1.88
OCFY5.08%
SpS28.45
BVpS13.29
TBVpS7.43
PEG (NY)1.71
PEG (5Y)3.7
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.57% | ||
| ROE | 10.96% | ||
| ROCE | 12.58% | ||
| ROIC | 9.38% | ||
| ROICexc | 10.76% | ||
| ROICexgc | 16.15% | ||
| OM | 8.92% | ||
| PM (TTM) | 5.12% | ||
| GM | 36.42% | ||
| 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-Score5
Asset Turnover0.89
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.38 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 1.26 | ||
| Cap/Depr | 128.39% | ||
| Cap/Sales | 6.86% | ||
| Interest Coverage | 36.67 | ||
| Cash Conversion | 46.33% | ||
| Profit Quality | N/A | ||
| Current Ratio | 1.56 | ||
| Quick Ratio | 1.1 | ||
| Altman-Z | 3.12 |
F-Score5
WACC7.29%
ROIC/WACC1.29
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)-23.61%
EPS 3Y7.84%
EPS 5Y6.71%
EPS Q2Q%-35.16%
EPS Next Y14.53%
EPS Next 2Y23.54%
EPS Next 3Y25.07%
EPS Next 5YN/A
Revenue 1Y (TTM)28.24%
Revenue growth 3Y14.57%
Revenue growth 5Y11.17%
Sales Q2Q%39.55%
Revenue Next Year21.36%
Revenue Next 2Y18.63%
Revenue Next 3Y16.93%
Revenue Next 5Y16.08%
EBIT growth 1Y2.47%
EBIT growth 3Y15.3%
EBIT growth 5Y10.31%
EBIT Next Year76.79%
EBIT Next 3Y37.01%
EBIT Next 5YN/A
FCF growth 1Y-104.9%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-29.28%
OCF growth 3Y-12.18%
OCF growth 5Y-12.5%