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IXX.DE$51.60+1.18%
Fair $51.60+0.0%

IXX.DE

init innovation in traffic systems SE

Technology / Information Technology ServicesXETRA

$51.60

+0.60 (+1.18%)

Fairly Valued+0.0%Fair Value $51.60Fund rank 25/100 · Data gapFallback financials|
SA 47/C
F-Score: 4/9

FCF base 3Y

n/d

n/d CAGR · yield n/d

FCF base 5Y

n/d

n/d base · n/d expected

Precio de entrada

n/d

MOS 34% · confianza 17%

FCF escenarios

weak_data · normalized FCF $-4.5M · quality 37.7/100

Data gap 25/100
Bear 5Yn/dn/d
Base 5Yn/dn/d
Bull 5Yn/dn/d
Return 0/100Downside 20/100Model quality 18/100Data QA 20/100

Ranking barato/determinista: CAGR esperado 5Y + downside bear + calidad del modelo + balance + capital allocation + data gate. No entra en buy-candidate si la data es débil o el CAGR 5Y no compensa.

Quality + valuation scorecard

SA Score

47/100

C

Piotroski

4/9

balance/quality

Valuation

50/100

+0.0% upside

5Y CAGR

+0.0%

50/100

Data QA

16/100

SEC 0%

Latest source: unknownPeriods: 4Warnings: 0unknown: 4
No SEC-backed annual rows; valuation uses fallback financial data. Insufficient audited annual history (<3 SEC-backed years); composite fair value and forward targets are disabled until manually verified.
Thesis & Journal · IXX.DELocal privado en este navegador · init innovation in traffic systems SE
Plantilla tipo buy-side: tesis, bull/base/bear, catalizadores, riesgos, kill criteria y fecha de revisión. Esto no gasta GPT-5.5; luego lo usamos como contexto del memo.

Sin guardar todavía.

Market Cap

$512M

P/E

35.1x

↑

EV/EBITDA

15.0x

↑

ROE

11.5%

↑

Gross Margin

37.0%

↑

Debt/Equity

0.73

↑
52-Week Range$52
$36$55

TradingView lightweight chart

IXX.DE price, volumen y niveles de valoración

Último $51.60Periodo +901.9%
Fair value: $51.60

Price & Ratios

Absolute Values (Left Axis)

Ratios / Percentages (Right Axis)

Financial statement dashboard

Crecimiento, márgenes y provenance

2021–2024 · 3 años de histórico normalizado

Revenue CAGR

+14.6%

FCF CAGR

—

FCF margin

-2.7%

FCF / Net income

-0.47x

Latest source

Provider fallback

Margin decomposition

Último año: revenue $265.7M · net income $15.5M · FCF $-7.3M

2021-FY → 2024-FY

Gross margin

37.0%+1.6% pts

Operating margin

9.5%+0.1% pts

Net margin

5.8%-1.2% pts

FCF margin

-2.7%-9.7% pts
MetricTTM
2024
2023
2022
2021
Income Statement
Revenue$265.7M$265.7M$210.8M$191.3M$176.7M
Net Income$15.5M$15.5M$15.2M$16.5M$12.4M
EBITDA$39.1M$39.1M$32.6M$31.3M$27.4M
EPS1.571.571.541.661.25
Gross Margin37.0%37.0%38.1%40.0%35.5%
Operating Margin9.5%9.5%9.7%11.1%9.4%
Net Margin5.8%5.8%7.2%8.6%7.0%
Balance Sheet
Debt/Equity0.730.730.580.540.44
Current Ratio1.581.58———
Cash Flow
Free Cash Flow$-7.3M$-7.3M$-4.5M$14.4M$12.3M
Returns
ROE11.5%11.5%12.6%14.2%12.1%
Valuation
P/E35.1035.1020.6515.6929.00
EV/EBITDA14.9514.9510.928.9813.76
P/B3.793.792.612.223.52
Growth & Yield
Revenue Growth26.0%26.0%10.2%8.3%—
EPS Growth1.9%1.9%-7.2%32.8%—
Dividend Yield1.6%1.6%———

Revenue, Net Income & Free Cash Flow ($B)

Margins (%)

Returns (%)

Leverage & Liquidity

Reverse DCF · market-implied EPS growthterminal P/E 15.0x · COE 10.0%

3Y implied EPS CAGR

42.9%

muy exigente

EPS terminal req.

$4.58

Spread vs growth

-40.9%

5Y implied EPS CAGR

28.7%

muy exigente

EPS terminal req.

$5.54

Spread vs growth

-26.7%

10Y implied EPS CAGR

19.0%

exigente

EPS terminal req.

$8.92

Spread vs growth

-17.0%

Qué te dice: cuánto EPS CAGR está descontando el precio si sales al múltiplo terminal indicado. Si el growth observado queda por debajo, el mercado está pidiendo una ejecución muy fina.

Return attribution · 1Y approxreconcilia total +27.7%

Total return

+27.7%

Start / end P/E

26.6x → 32.9x

EPS bridge

1.54 → 1.57

Residual

+0.5%

EPS growth+1.9%
Multiple rerating+23.8%
Dividend+1.6%
Residual / FX / buybacks / cross-term+0.5%

Simple additive decomposition: total return = EPS growth contribution + P/E multiple contribution + dividend contribution + explicit residual. The residual captures cross-terms, buybacks/share-count effects, FX, special dividends, data noise and methodology mismatch so the bridge always reconciles.