Tick Trading Software AG (DE:TBX0)
FRANKFURT:TBX0
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Tick Trading Software AG
(Frankfurt:TBX0)
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Rating:76Outperform
Price Target:
€9.50
▲(19.50% Upside)
Action:ReiteratedDate:03/24/26
The score is driven primarily by strong financial fundamentals (notably zero debt and improved 2025 profitability/growth) and supportive valuation (low P/E and high dividend yield). These positives are moderated by inconsistent cash flow history and currently neutral technical momentum.
Positive Factors
Conservative balance sheet (zero debt)
A zero-debt balance sheet gives long-term financial flexibility: it reduces solvency risk, preserves capacity to fund R&D, product development or selective M&A without raising leverage, and provides a durable cushion through market cycles that supports sustained operations and client service.
Negative Factors
Uneven historical cash generation
Intermittent negative OCF/FCF and a recent decline in free cash flow create execution risk: inconsistent cash conversion can constrain reinvestment, limit funding for sales/engineering or dividends, and reduce resilience to adverse client or macro shocks over the next several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet (zero debt)
A zero-debt balance sheet gives long-term financial flexibility: it reduces solvency risk, preserves capacity to fund R&D, product development or selective M&A without raising leverage, and provides a durable cushion through market cycles that supports sustained operations and client service.
Read all positive factors
Tick Trading Software AG (TBX0) vs. iShares MSCI Germany ETF (EWG)
Market Cap
€16.61M
Dividend Yield6.54%
Average Volume (3M)278.00
Price to Earnings (P/E)7.3
Beta (1Y)-0.15
Revenue Growth9.29%
EPS Growth68.05%
CountryDE
Employees34
SectorTechnology
Sector Strength88
IndustrySoftware - Application
Share Statistics
EPS (TTM)0.47
Shares Outstanding2,013,000
10 Day Avg. Volume486
30 Day Avg. Volume278
Financial Highlights & Ratios
PEG Ratio0.11
Price to Book (P/B)3.35
Price to Sales (P/S)1.68
P/FCF Ratio11.11
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Tick Trading Software AG Business Overview & Revenue Model
Company Description
tick Trading Software AG, a software company, provides solutions for professional trading of various asset classes worldwide. Its core product is TradeBase Multi Exchange (MX) Platform, a trading system that controls message routing, manages user ...
How the Company Makes Money
Tick Trading Software AG generates revenue by developing and licensing its trading software to financial institutions, including proprietary trading firms, brokers, and exchanges. The company offers ongoing subscription or licensing fees for the u...
Tick Trading Software AG Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
90
Very Positive
Cash Flow
66
Positive
| Breakdown | Sep 2025 | Sep 2024 | Sep 2023 | Sep 2022 | Sep 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 9.15M | 8.37M | 8.00M | 8.57M | 8.25M |
| Gross Profit | 5.15M | 5.38M | 5.08M | 5.85M | 5.18M |
| EBITDA | 3.16M | 2.06M | 1.52M | 2.73M | 8.10M |
| Net Income | 2.11M | 1.26M | 885.66K | 1.70M | 5.45M |
Balance Sheet | |||||
| Total Assets | 5.65M | 4.43M | 4.02M | 6.68M | 10.27M |
| Cash, Cash Equivalents and Short-Term Investments | 2.66M | 2.29M | 1.78M | 4.47M | 8.86M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 1.05M | 939.90K | 881.84K | 2.73M | 3.65M |
| Stockholders Equity | 4.60M | 3.49M | 3.14M | 3.95M | 6.62M |
Cash Flow | |||||
| Free Cash Flow | 1.39M | 1.32M | -1.07M | -32.91K | 7.82M |
| Operating Cash Flow | 1.68M | 1.40M | -819.51K | 442.24K | 7.90M |
| Investing Cash Flow | -298.68K | 15.02K | -175.85K | -449.59K | -55.57K |
| Financing Cash Flow | -1.01M | -905.85K | -1.69M | -4.38M | -2.02M |
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Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.