init innovation in traffic systems SE
XETRA:IXX

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init innovation in traffic systems SE Logo
init innovation in traffic systems SE
XETRA:IXX
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Price: 45.7 EUR 1.33% Market Closed
Market Cap: €458.8m

EV/OCF

9.7
Current
48%
Cheaper
vs 3-y average of 18.8

Enterprise Value to Operating Cash Flow (EV/OCF) ratio compares a company`s total enterprise value to its operating cash flow. It shows how much investors are paying for each dollar of the company`s operating cash flow, including both equity and debt.

EV/OCF
9.7
=
Enterprise Value
€475.2m
/
Operating Cash Flow
€48.8m

Enterprise Value to Operating Cash Flow (EV/OCF) ratio compares a company`s total enterprise value to its operating cash flow. It shows how much investors are paying for each dollar of the company`s operating cash flow, including both equity and debt.

EV/OCF
9.7
=
Enterprise Value
€475.2m
/
Operating Cash Flow
€48.8m

Valuation Scenarios

init innovation in traffic systems SE is trading below its 3-year average

If EV/OCF returns to its 3-Year Average (18.8), the stock would be worth €88.42 (93% upside from current price).

Statistics
Positive Scenarios
4/4
Maximum Downside
No Downside Scenarios
Maximum Upside
+98%
Average Upside
69%
Scenario EV/OCF Value Implied Price Upside/Downside
Current Multiple 9.7 €45.7
0%
3-Year Average 18.8 €88.42
+93%
5-Year Average 19.3 €90.51
+98%
Industry Average 16.7 €78.2
+71%
Country Average 10.9 €51.12
+12%

Forward EV/OCF
Today’s price vs future operating cash flow

Not enough data available to calculate forward EV/OCF

Peer Comparison

All Multiples
EV/OCF
P/E
All Countries
Close
Market Cap EV/OCF P/E
DE
init innovation in traffic systems SE
XETRA:IXX
453.9m EUR 9.7 23.2
US
Microsoft Corp
NASDAQ:MSFT
3.2T USD 19.7 26.5
US
Oracle Corp
NYSE:ORCL
498.2B USD 25.1 30.8
US
Palo Alto Networks Inc
NASDAQ:PANW
145.7B USD 35.8 97.9
US
CrowdStrike Holdings Inc
NASDAQ:CRWD
113.5B USD 67.6 -698.7
US
ServiceNow Inc
NYSE:NOW
93.4B USD 16.5 53.2
US
VMware Inc
XETRA:BZF1
58B EUR 13.9 47.9
US
Fortinet Inc
NASDAQ:FTNT
62.7B USD 23 33.8
CN
Knowledge Atlas Technology JSC Ltd
HKEX:2513
452.6B HKD -174.8 -83.9
US
Xperi Holding Corp
LSE:0M2A
54.6B USD 347.1 491.7
CN
MiniMax Group Inc
HKEX:100
262.2B HKD -139.9 -17.9
P/E Multiple
Earnings Growth PEG
DE
init innovation in traffic systems SE
XETRA:IXX
Average P/E: 100.6
23.2
26%
0.9
US
Microsoft Corp
NASDAQ:MSFT
26.5
18%
1.5
US
Oracle Corp
NYSE:ORCL
30.8
37%
0.8
US
Palo Alto Networks Inc
NASDAQ:PANW
97.9
50%
2
US
CrowdStrike Holdings Inc
NASDAQ:CRWD
Negative Multiple: -698.7 N/A N/A
US
ServiceNow Inc
NYSE:NOW
53.2
54%
1
US
V
VMware Inc
XETRA:BZF1
47.9
39%
1.2
US
Fortinet Inc
NASDAQ:FTNT
33.8
15%
2.3
CN
K
Knowledge Atlas Technology JSC Ltd
HKEX:2513
Negative Multiple: -83.9 N/A N/A
US
Xperi Holding Corp
LSE:0M2A
491.7
N/A N/A
CN
MiniMax Group Inc
HKEX:100
Negative Multiple: -17.9 N/A N/A

Market Distribution

In line with most companies in Germany
Percentile
41st
Based on 2 369 companies
41st percentile
9.7
Low
0.2 — 7.5
Typical Range
7.5 — 16.6
High
16.6 —
Distribution Statistics
Germany
Min 0.2
30th Percentile 7.5
Median 10.9
70th Percentile 16.6
Max 2 561.1

init innovation in traffic systems SE
Glance View

init innovation in traffic systems SE engages in the provision of intelligent transportation and electronic ticketing systems for public transportation. The company is headquartered in Karlsruhe, Baden-Wuerttemberg and currently employs 1,055 full-time employees. The company went IPO on 2001-07-24. The firm develops and supplies integrated planning, dispatching, telematics and ticketing systems for buses and trains. The firm's solutions for planning, operating and optimizing public transportation include intermodal transport control systems, real time passenger information, electronic ticketing, planning and dispatching and automatic passenger counting. The company operates through subsidiaries in Austria, Germany, the United States, Canada, the United Arab Emirates, Finland, the United Kingdom, Switzerland and Singaport, including INIT GmbH, initplan GmbH, INIT Inc and initperdis GmbH.

IXX Intrinsic Value
59.13 EUR
Undervaluation 23%
Intrinsic Value
Price €45.7
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