Tracsis (TRCS) AI Stock Analysis

• Market Cap: £86.29M
• Dividend Yield: 0.8%
• Average Volume (3M): 43.48K
• Price to Earnings (P/E): 168.6
• Beta (1Y): 0.48
• Revenue Growth: 1.07%
• EPS Growth: 11.25%
• Country: UK
• Employees: 550
• Sector: Technology
• Sector Strength: 88
• Industry: Software - Application
• EPS (TTM): 0.03
• Shares Outstanding: 29,756,521
• 10 Day Avg. Volume: 44,032
• 30 Day Avg. Volume: 43,477
• PEG Ratio: 35.85
• Price to Book (P/B): 1.77
• Price to Sales (P/S): 1.41
• P/FCF Ratio: 11.70
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 61 Neutral
• Price Target: 340.00p ▲(9.68% Upside)

Tracsis' overall stock score is driven by its solid financial foundation and positive earnings call insights, despite operational challenges and a high P/E ratio suggesting overvaluation. The technical analysis indicates bearish momentum, impacting the overall score.

Positive Factors

Recurring Revenue Growth

Growth in recurring revenues through strategic contracts ensures a stable and predictable income stream, enhancing long-term financial stability.

Strong Balance Sheet

A strong balance sheet with significant cash reserves and undrawn credit facilities provides financial flexibility and reduces risk.

Increased EBITDA Margin

Improved EBITDA margins indicate better operational efficiency and profitability, supporting sustainable growth.

Negative Factors

Uncertainty in U.K. Rail Sector

Ongoing uncertainty in the U.K. rail sector may impact revenue stability and growth, posing a challenge to strategic planning.

Decline in Monitoring Revenue

Significant decline in monitoring hardware revenue affects overall profitability and highlights potential market challenges.

Challenges in North America

Slow progress in North America expansion could limit growth opportunities and diversification of revenue sources.

Tracsis Business Overview & Revenue Model

Company Description

Tracsis plc, together with its subsidiaries, provides software and hardware products, and consultancy services for the rail industry. The company operates in two segments, Rail Technology and Services; and Data, Analytics, Consultancy & Events. The Rail Technology & Services segment provides a suite of operational software products covering timetabling, resource and rolling stock planning and optimization, real time performance and control, service recovery, retail services, incident management, retail services, and asset management; and infrastructure software services that include safety management, planning and delivery of work, remote condition monitoring and data acquisition, and asset virtualization/intelligent infrastructure/digital railway. This segment also offers transit and ticketing solutions, including passenger analytics, retail operations, and delay repay. The Data, Analytics, Consultancy & Events segment provides informatics and location analytics, which include geographical information systems, data visualization and analytics platforms, and asset management; transport data and analytics, such as passenger/traffic data collection, and traffic insights covering data visualization and data-as-a-service; and event traffic management solutions, such as event transport planning and traffic management, and integrated traffic data management and event access control. It serves transport operators, transport authorities, infrastructure operators, government agencies and local authorities, as well as event organizers in the United Kingdom, Ireland, rest of Europe, North America, and internationally. The company was incorporated in 2004 and is headquartered in Leeds, the United Kingdom.

How the Company Makes Money

Tracsis generates revenue through multiple streams, primarily from the sale of software licenses, consultancy services, and data analytics solutions. The company charges clients for software products that help manage and optimize transportation operations, which can include one-time license fees as well as ongoing subscription fees for software maintenance and updates. Additionally, Tracsis earns revenue from consultancy projects where they provide tailored advice and solutions to improve operational performance for clients in the rail and highways sectors. Significant partnerships with key players in the transportation industry enhance their credibility and expand their market reach, contributing to their overall earnings. The company also benefits from long-term contracts with clients that provide a steady income stream, particularly in public transport sectors where demand for efficiency and reliability is high.

Tracsis Financial Statement Overview

Summary

Tracsis demonstrates consistent revenue growth and a strong balance sheet with low financial risk. However, profitability is limited due to low net profit margins and fluctuating EBIT and EBITDA margins, indicating operational challenges.

Income Statement

Tracsis has shown a consistent revenue growth trajectory with a notable increase in the latest year. However, the gross profit margin has decreased over the years, indicating rising costs or pricing pressures. The net profit margin remains low, suggesting limited profitability despite revenue growth. EBIT and EBITDA margins have fluctuated, reflecting operational challenges.

Balance Sheet

The company maintains a strong balance sheet with a low debt-to-equity ratio, indicating conservative leverage. Return on equity is modest, reflecting limited profitability. The equity ratio is healthy, suggesting a strong capital structure. Overall, the balance sheet reflects stability with low financial risk.

Cash Flow

Tracsis has demonstrated positive free cash flow growth recently, indicating improved cash generation. The operating cash flow to net income ratio suggests efficient cash conversion, although it has room for improvement. The free cash flow to net income ratio is strong, highlighting effective cash management.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	81.89M	81.89M	81.02M	82.02M	68.72M	50.24M
Gross Profit	41.46M	41.46M	46.01M	44.35M	37.24M	30.54M
EBITDA	10.42M	10.00M	9.04M	14.96M	9.55M	10.57M
Net Income	520.00K	520.00K	488.00K	6.81M	1.50M	2.36M
Balance Sheet
Total Assets	97.97M	97.97M	102.81M	100.90M	105.59M	93.52M
Cash, Cash Equivalents and Short-Term Investments	23.39M	23.39M	19.77M	15.31M	17.19M	25.39M
Total Debt	2.64M	2.64M	1.86M	2.09M	2.77M	2.06M
Total Liabilities	32.96M	32.96M	34.64M	33.13M	45.14M	36.86M
Stockholders Equity	65.01M	65.01M	68.17M	67.77M	60.45M	56.66M
Cash Flow
Free Cash Flow	9.84M	9.84M	6.55M	7.73M	7.06M	8.96M
Operating Cash Flow	10.51M	10.51M	8.50M	9.56M	8.19M	9.36M
Investing Cash Flow	-1.78M	-1.78M	-2.02M	-7.49M	-14.54M	-595.00K
Financing Cash Flow	-5.14M	-5.14M	-2.10M	-1.99M	-2.03M	-1.20M

Tracsis Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 310.00
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:TRCS, the sentiment is Negative. The current price of 310 is above the 20-day moving average (MA) of 301.38, below the 50-day MA of 315.42, and below the 200-day MA of 379.88, indicating a bearish trend. The MACD of -6.88 indicates Negative momentum. The RSI at 45.49 is Neutral, neither overbought nor oversold. The STOCH value of 36.26 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GB:TRCS.

Tracsis Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ACSO	75 Outperform	£102.12M	13.51	5.30%	―	-3.95%	16.87%
AOM	68 Neutral	£178.54M	-896.43	-2.20%	―	31.86%	-115.22%
SAAS	63 Neutral	£110.15M	-135.29	-1.08%	2.00%	9.69%	-319.35%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
TRCS	61 Neutral	£86.29M	168.60	0.78%	0.80%	1.07%	11.25%
SPA	58 Neutral	£75.97M	2,266.67	0.15%	―	5.35%	-97.78%
CKT	57 Neutral	£21.60M	-6.97	-29.25%	―	10.00%	34.02%

Tracsis Corporate Events

Tracsis Confirms Total Voting Rights and Share Capital Structure

Tracsis plc has confirmed that, as of 2 January 2026, it has 29,756,521 ordinary shares of 0.4p each in issue, with no shares held in treasury and each share carrying one voting right. The company has clarified that this figure represents the total number of voting rights currently in circulation and should be used by shareholders as the reference denominator when assessing whether they must disclose any holdings or changes in their interest under the Financial Conduct Authority’s Disclosure Guidance and Transparency Rules, reinforcing transparency around its share capital structure.

The most recent analyst rating on (GB:TRCS) stock is a Hold with a £340.00 price target. To see the full list of analyst forecasts on Tracsis stock, see the GB:TRCS Stock Forecast page.

Tracsis Releases Annual Report and Schedules AGM

Tracsis plc has announced the release of its Annual Report and Accounts for the fiscal year ending 31 July 2025, along with the Notice of Meeting for its upcoming Annual General Meeting. The AGM is scheduled to take place on 14 January 2026 in Leeds. This announcement is significant as it provides stakeholders with insights into the company’s financial performance and strategic direction, potentially impacting investor confidence and market positioning.

The most recent analyst rating on (GB:TRCS) stock is a Hold with a £418.00 price target. To see the full list of analyst forecasts on Tracsis stock, see the GB:TRCS Stock Forecast page.

Tracsis PLC Announces Total Voting Rights

Tracsis PLC has announced that the total number of ordinary shares in the company is 29,749,061, with each share granting one voting right. This figure is relevant for shareholders to calculate their interests or changes in the company’s share capital as per the Financial Conduct Authority’s Disclosure Guidance and Transparency Rules.

The most recent analyst rating on (GB:TRCS) stock is a Hold with a £418.00 price target. To see the full list of analyst forecasts on Tracsis stock, see the GB:TRCS Stock Forecast page.

Tracsis Reports Stable Financial Performance and Strategic Growth Initiatives

Tracsis plc reported its audited results for the year ending 31 July 2025, highlighting a 1% increase in revenue to £81.9 million and a stable adjusted EBITDA despite challenges in the UK rail market. The company achieved significant growth in recurring revenue, supported by multi-year contract wins, including a GeoIntelligence contract with the UK government. Tracsis is focused on long-term growth through strategic investments in its operations and planning software platform, aiming to maintain its market leadership in the UK and expand internationally. The company’s strong balance sheet and cash flow position it well to pursue growth opportunities and mergers and acquisitions.

The most recent analyst rating on (GB:TRCS) stock is a Hold with a £418.00 price target. To see the full list of analyst forecasts on Tracsis stock, see the GB:TRCS Stock Forecast page.

Tracsis Announces Total Voting Rights Update

Tracsis plc has announced the total number of ordinary shares in issue, which stands at 29,746,675, each carrying the right to one vote. This information is crucial for shareholders to determine their interest in the company’s share capital under the Financial Conduct Authority’s Disclosure Guidance and Transparency Rules.

The most recent analyst rating on (GB:TRCS) stock is a Hold with a £418.00 price target. To see the full list of analyst forecasts on Tracsis stock, see the GB:TRCS Stock Forecast page.