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    Information technology services
init innovation in traffic systems SE

init innovation in traffic systems SE

42.05
EUR
-0.20
(-0.47%)
2.15EPS
21.40P/E
508.45MMarket Cap
Nov 12Next Earn
init innovation in traffic systems SE
LSE:0EWR
(London Stock Exchange)

Recent

price

42.05

P/E

ratio

21.40

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
EUR
8.15
8.91
9.76
10
10.28
10.5
10.9
13.06
13.56
15.64
18.14
17.78
19.27
21.34
26.92
33.2
39.12
Revenue per Share
1.01
1.51
1.11
1.21
1.2
0.75
0.86
0.37
0.24
1.13
1.5
1.25
1.66
1.54
1.57
1.97
2.17
Basic EPS, GAAP
1.32
1.51
1.14
1.14
0.05
1.14
1.32
0.21
1.28
1.55
1.74
1.24
1.45
-0.46
-0.74
3.02
2.07
Free Cash Flow per Basic Share
0.3
0.6
0.8
0.8
0.8
0.8
0.22
0.22
0.23
0.13
0.4
0.55
0.55
0.7
0.7
0.8
- -
Dividend per Share
4.65
5.7
5.78
6.2
6.75
7.09
7.64
7.32
7.55
8.54
9.1
10.31
11.75
12.21
13.59
14.21
17.1
Book Value per Share
4.27
4.83
4.98
5.48
6.13
6.5
5.71
5.46
5.67
6.76
5.97
7.36
8.47
8.35
7.77
7.36
10.78
Tangible Book Value per Share
10
10
10
10
10
10
10
10
10
10
10
10
10
10
10
10
10
Basic Weighted Avg Shares
81
89
97
100
103
105
109
131
136
156
181
177
191
211
266
330
389
Sales/Revenue/Turnover
16.3
21.99
15.22
18.4
16.46
10.46
5.16
8.06
6.67
9.98
10.6
9.42
11.13
9.7
9.53
9.62
9.75
Operating Margin (%)
3
2
3
3
3
3
4
4
5
7
9
10
10
11
14
17
18
Depreciation Expense
10
15
11
12
12
7
9
4
2
11
15
12
17
15
15
20
22
Net Income, GAAP
33.47
26.56
36.62
31.18
33.82
25.85
22.91
53.64
55.6
25.61
20.24
24.76
18.63
21.42
29.51
33.01
38.13
Effective Tax Rate (%)
12.38
16.92
11.41
12.07
11.72
7.11
7.9
2.8
1.8
7.24
8.26
7.03
8.64
7.2
5.82
5.94
5.56
Profit Margin (%)
41
47
45
54
56
48
43
44
49
46
56
56
64
69
70
66
103
Working Capital
1
1
4
9
8
7
16
18
17
22
34
28
41
46
54
47
44
LT Debt
47
57
58
62
68
71
76
73
76
86
91
103
117
121
134
141
187
Total Equity
20.66
23.39
16.09
18.08
14.82
10.08
7.88
4.42
3.55
9.69
11.19
8.48
10.28
8.43
8.3
9.05
9.19
Return on Invested Capital (%)
22.85
28.57
19.44
18.25
16.54
9.31
8.87
3.59
2.5
10.09
11.47
8.97
10.53
9.14
9.68
10.78
10.45
Return on Capital (%)
23.51
29.15
19.43
20.19
18.6
10.79
11.66
4.9
3.28
14.08
16.99
12.88
15.11
12.84
12.16
14.23
13.89
Return on Common Equity (%)

Capital Structure

EUR

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
38
47
54
LT Borrowings
25
24
22
LT Finance Leases
21
20
23
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
10
10
11
Market Capitalization
454
396
508

Working Capital

EUR

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
168
188
248
Cash, Cash Equivalents & STI
25
33
81
Accounts Receivable, Net
45
38
48
Inventories
47
47
48
Total Current Liabilities
102
118
145
Payables & Accruals
- -
- -
- -
ST Debt
38
47
54
Deferred Revenue
- -
- -
- -

Growth Rates

EUR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
7.22%
9.37%
5.09%
Free Cash Flow
-10.82%
-119.12%
-512.95%
Net Income, GAAP
35.69%
7.34%
26.67%
Sales/Revenue/Turnover
12.44%
13.28%
24.09%
Total Cash Common Dividend
17.14%
15.39%
14.83%

Quarterly Revenue

EUR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
50
64
64
88
266
2025
70
71
85
103
330
2026
98
103
- -
- -
- -

Quarterly Earnings Per Share

EUR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.24
0.24
0.34
0.74
1.57
2025
0.16
0.23
0.55
1.03
1.97
2026
0.42
0.17
- -
- -
- -

Quarterly Dividends Per Share

EUR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
0.7
2025
- -
- -
- -
- -
0.8
2026
- -
- -
- -
- -
- -
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Business
init innovation in traffic Systems SE develops, produces, integrates, installs, and maintains integrated hardware and software solutions for intelligent transportation systems in the public transport sector; its core offerings encompass planning and dispatching systems for timetables, vehicle deployments, and personnel management; ticketing and fare management solutions including smartcards, mobile tickets, ID/account-based ticketing, and open payment systems; operations control and real-time passenger information systems for traffic monitoring, disruption management, and punctuality enhancement; analyzing and optimizing tools leveraging automated data feedback for demand development and operational improvements; electromobility solutions supporting e-bus fleet rollout and efficient operation; open mobility platforms enabling single sign-on booking and payment as a regional mobility broker; passenger counting systems; and comprehensive customer support services such as 24/7 hotline, hosting, maintenance contracts, training, and remote diagnostics. The company serves over 1,100 public transport operators worldwide with more than 250,000 equipped vehicles, 130 ITCS/RTPI systems, 140 ticketing systems, and 700 passenger counting installations across buses and rail. Founded in 1983 as a university spin-off in Karlsruhe, Germany, where its headquarters remain, init innovation in traffic systems SE operates through over 40 subsidiaries and offices globally, including key locations in North America (Chesapeake, Virginia), Europe, the Middle East (United Arab Emirates), Asia (Singapore), Australia, and New Zealand; it targets urban and regional public transport providers with a focus on bus and rail segments. In September 2024, the company acquired DILAX Intelcom GmbH, a provider of passenger counting and analysis tools with over 550,000 sensors installed worldwide and operations in 30 countries, enhancing its rail market presence in Europe and North America, adding more than 300 customers, bolstering research and development in sensor technology, and contributing to revenue growth including EUR 10.1 million in H1 2025; this acquisition drives synergies in hardware/software development, digitalization for sustainable mobility, and positive impacts on orders, sales, and earnings already in 2024 and onward, amid robust organic growth of around 15% and total revenue up 24% to EUR 141.8 million in H1 2025.