INIT INNOVATION IN TRAFFIC S (IXX.DE) Stock Fundamental Analysis

FRA:IXX • DE0005759807

44.4 EUR
-1 (-2.2%)
Last: Feb 20, 2026, 05:26 PM
Fundamental Rating

5

Overall IXX gets a fundamental rating of 5 out of 10. We evaluated IXX against 117 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.


Dividend Valuation Growth Profitability Health

5

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.
  • In the past 5 years IXX has always been profitable.
  • IXX had a positive operating cash flow in each of the past 5 years.
IXX.DE Yearly Net Income VS EBIT VS OCF VS FCFIXX.DE Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10M 20M

1.2 Ratios

  • IXX has a Return On Assets (5.22%) which is comparable to the rest of the industry.
  • With a Return On Equity value of 12.87%, IXX perfoms like the industry average, outperforming 56.41% of the companies in the same industry.
  • With a decent Return On Invested Capital value of 11.40%, IXX is doing good in the industry, outperforming 72.65% of the companies in the same industry.
  • IXX had an Average Return On Invested Capital over the past 3 years of 9.12%. This is below the industry average of 13.32%.
  • The 3 year average ROIC (9.12%) for IXX is below the current ROIC(11.40%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 5.22%
ROE 12.87%
ROIC 11.4%
ROA(3y)5.83%
ROA(5y)5.96%
ROE(3y)12.79%
ROE(5y)13.4%
ROIC(3y)9.12%
ROIC(5y)9.1%
IXX.DE Yearly ROA, ROE, ROICIXX.DE Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 5 10 15

1.3 Margins

  • IXX has a Profit Margin (5.30%) which is in line with its industry peers.
  • In the last couple of years the Profit Margin of IXX has declined.
  • With a Operating Margin value of 9.41%, IXX perfoms like the industry average, outperforming 58.97% 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.
  • The Gross Margin of IXX (37.97%) is worse than 77.78% of its industry peers.
  • IXX's Gross Margin has improved in the last couple of years.
Industry RankSector Rank
OM 9.41%
PM (TTM) 5.3%
GM 37.97%
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%
IXX.DE Yearly Profit, Operating, Gross MarginsIXX.DE Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 10 20 30 40

4

2. Health

2.1 Basic Checks

  • IXX has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
  • The number of shares outstanding for IXX has been increased compared to 1 year ago.
  • The number of shares outstanding for IXX has been reduced compared to 5 years ago.
  • Compared to 1 year ago, IXX has a worse debt to assets ratio.
IXX.DE Yearly Shares OutstandingIXX.DE Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2M 4M 6M 8M 10M
IXX.DE Yearly Total Debt VS Total AssetsIXX.DE Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M

2.2 Solvency

  • An Altman-Z score of 3.45 indicates that IXX is not in any danger for bankruptcy at the moment.
  • The Altman-Z score of IXX (3.45) is comparable to the rest of the industry.
  • The Debt to FCF ratio of IXX is 6.24, which is on the high side as it means it would take IXX, 6.24 years of fcf income to pay off all of its debts.
  • IXX has a Debt to FCF ratio (6.24) which is in line with its industry peers.
  • A Debt/Equity ratio of 0.36 indicates that IXX is not too dependend on debt financing.
  • Looking at the Debt to Equity ratio, with a value of 0.36, IXX is in line with its industry, outperforming 41.03% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.36
Debt/FCF 6.24
Altman-Z 3.45
ROIC/WACC1.53
WACC7.45%
IXX.DE Yearly LT Debt VS Equity VS FCFIXX.DE Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 50M 100M

2.3 Liquidity

  • A Current Ratio of 1.44 indicates that IXX should not have too much problems paying its short term obligations.
  • Looking at the Current ratio, with a value of 1.44, IXX is in line with its industry, outperforming 51.28% of the companies in the same industry.
  • A Quick Ratio of 1.02 indicates that IXX should not have too much problems paying its short term obligations.
  • With a Quick ratio value of 1.02, IXX is not doing good in the industry: 65.81% of the companies in the same industry are doing better.
Industry RankSector Rank
Current Ratio 1.44
Quick Ratio 1.02
IXX.DE Yearly Current Assets VS Current LiabilitesIXX.DE Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M

7

3. Growth

3.1 Past

  • The earnings per share for IXX have decreased by -8.67% in the last year.
  • The Earnings Per Share has been growing slightly by 6.71% on average over the past years.
  • Looking at the last year, IXX shows a very strong growth in Revenue. The Revenue has grown by 27.88%.
  • Measured over the past years, IXX shows a quite strong growth in Revenue. The Revenue has been growing by 11.17% on average per year.
EPS 1Y (TTM)-8.67%
EPS 3Y7.84%
EPS 5Y6.71%
EPS Q2Q%63.18%
Revenue 1Y (TTM)27.88%
Revenue growth 3Y14.57%
Revenue growth 5Y11.17%
Sales Q2Q%33.76%

3.2 Future

  • IXX is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 26.20% yearly.
  • The Revenue is expected to grow by 14.88% on average over the next years. This is quite good.
EPS Next Y23.84%
EPS Next 2Y27.51%
EPS Next 3Y26.2%
EPS Next 5YN/A
Revenue Next Year35.44%
Revenue Next 2Y23.53%
Revenue Next 3Y18.47%
Revenue Next 5Y14.88%

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.
IXX.DE Yearly Revenue VS EstimatesIXX.DE Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 200M 400M 600M
IXX.DE Yearly EPS VS EstimatesIXX.DE Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2019 2020 2021 2022 2023 2024 2025 2026 2027 1 2 3

4

4. Valuation

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 26.27, which means the current valuation is very expensive for IXX.
  • 61.54% of the companies in the same industry are more expensive than IXX, based on the Price/Earnings ratio.
  • IXX's Price/Earnings ratio indicates a similar valuation than the S&P500 average which is at 27.09.
  • With a Price/Forward Earnings ratio of 15.72, IXX is valued correctly.
  • 74.36% of the companies in the same industry are more expensive than IXX, based on the Price/Forward Earnings ratio.
  • IXX is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 27.98, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 26.27
Fwd PE 15.72
IXX.DE Price Earnings VS Forward Price EarningsIXX.DE Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40

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 71.79% of the companies listed in the same industry.
  • IXX's Price/Free Cash Flow ratio is in line with the industry average.
Industry RankSector Rank
P/FCF 27.34
EV/EBITDA 11.29
IXX.DE Per share dataIXX.DE EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30

4.3 Compensation for Growth

  • IXX's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
  • A more expensive valuation may be justified as IXX's earnings are expected to grow with 26.20% in the coming years.
PEG (NY)1.1
PEG (5Y)3.92
EPS Next 2Y27.51%
EPS Next 3Y26.2%

5

5. Dividend

5.1 Amount

  • IXX has a Yearly Dividend Yield of 1.80%.
  • Compared to an average industry Dividend Yield of 0.69, IXX pays a better dividend. On top of this IXX pays more dividend than 89.74% of the companies listed in the same industry.
  • IXX's Dividend Yield is comparable with the S&P500 average which is at 1.85.
Industry RankSector Rank
Dividend Yield 1.8%

5.2 History

  • On average, the dividend of IXX grows each year by 39.51%, which is quite nice.
Dividend Growth(5Y)39.51%
Div Incr Years3
Div Non Decr Years6
IXX.DE Yearly Dividends per shareIXX.DE Yearly Dividends per shareYearly Dividends per share 2019 2020 2021 2022 2023 2024 2025 0.2 0.4 0.6

5.3 Sustainability

  • IXX pays out 47.67% 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.
DP47.67%
EPS Next 2Y27.51%
EPS Next 3Y26.2%
IXX.DE Yearly Income VS Free CF VS DividendIXX.DE Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 5M -5M 10M 15M
IXX.DE Dividend Payout.IXX.DE Dividend Payout, showing the Payout Ratio.IXX.DE Dividend Payout.PayoutRetained Earnings

INIT INNOVATION IN TRAFFIC S

FRA:IXX (2/20/2026, 5:26:46 PM)

44.4

-1 (-2.2%)

Chartmill FA Rating
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)11-13
Earnings (Next)03-18
Inst Owners14.41%
Inst Owner ChangeN/A
Ins Owners0.29%
Ins Owner ChangeN/A
Market Cap445.78M
Revenue(TTM)314.43M
Net Income(TTM)16.65M
Analysts82.86
Price Target61.03 (37.45%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 1.8%
Yearly Dividend0.7
Dividend Growth(5Y)39.51%
DP47.67%
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)0.98%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)-0.47%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.83%
Valuation
Industry RankSector Rank
PE 26.27
Fwd PE 15.72
P/S 1.42
P/FCF 27.34
P/OCF 12.35
P/B 3.44
P/tB 6.81
EV/EBITDA 11.29
EPS(TTM)1.69
EY3.81%
EPS(NY)2.82
Fwd EY6.36%
FCF(TTM)1.62
FCFY3.66%
OCF(TTM)3.6
OCFY8.1%
SpS31.32
BVpS12.89
TBVpS6.52
PEG (NY)1.1
PEG (5Y)3.92
Graham Number22.14
Profitability
Industry RankSector Rank
ROA 5.22%
ROE 12.87%
ROCE 15.3%
ROIC 11.4%
ROICexc 13.78%
ROICexgc 22.97%
OM 9.41%
PM (TTM) 5.3%
GM 37.97%
FCFM 5.18%
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%
ROICexgc growth 3Y4.46%
ROICexgc 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-Score6
Asset Turnover0.99
Health
Industry RankSector Rank
Debt/Equity 0.36
Debt/FCF 6.24
Debt/EBITDA 1.01
Cap/Depr 117.47%
Cap/Sales 6.3%
Interest Coverage 250
Cash Conversion 77.75%
Profit Quality 97.9%
Current Ratio 1.44
Quick Ratio 1.02
Altman-Z 3.45
F-Score6
WACC7.45%
ROIC/WACC1.53
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)-8.67%
EPS 3Y7.84%
EPS 5Y6.71%
EPS Q2Q%63.18%
EPS Next Y23.84%
EPS Next 2Y27.51%
EPS Next 3Y26.2%
EPS Next 5YN/A
Revenue 1Y (TTM)27.88%
Revenue growth 3Y14.57%
Revenue growth 5Y11.17%
Sales Q2Q%33.76%
Revenue Next Year35.44%
Revenue Next 2Y23.53%
Revenue Next 3Y18.47%
Revenue Next 5Y14.88%
EBIT growth 1Y22.08%
EBIT growth 3Y15.3%
EBIT growth 5Y10.31%
EBIT Next Year87.67%
EBIT Next 3Y37.73%
EBIT Next 5YN/A
FCF growth 1Y1515.66%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y222.58%
OCF growth 3Y-12.18%
OCF growth 5Y-12.5%

INIT INNOVATION IN TRAFFIC S / IXX.DE FAQ

What is the fundamental rating for IXX stock?

ChartMill assigns a fundamental rating of 5 / 10 to IXX.DE.


Can you provide the valuation status for INIT INNOVATION IN TRAFFIC S?

ChartMill assigns a valuation rating of 4 / 10 to INIT INNOVATION IN TRAFFIC S (IXX.DE). This can be considered as Fairly Valued.


Can you provide the profitability details for INIT INNOVATION IN TRAFFIC S?

INIT INNOVATION IN TRAFFIC S (IXX.DE) has a profitability rating of 5 / 10.


What is the earnings growth outlook for INIT INNOVATION IN TRAFFIC S?

The Earnings per Share (EPS) of INIT INNOVATION IN TRAFFIC S (IXX.DE) is expected to grow by 23.84% in the next year.


Is the dividend of INIT INNOVATION IN TRAFFIC S sustainable?

The dividend rating of INIT INNOVATION IN TRAFFIC S (IXX.DE) is 5 / 10 and the dividend payout ratio is 47.67%.