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Tracsis plc (GB:TRCS)
:TRCS

Tracsis (TRCS) AI Stock Analysis

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GB

Tracsis

(LSE:TRCS)

Rating:72Outperform
Price Target:
498.00p
▲( 10.67% Upside)
Tracsis scores well due to strong technical indicators and positive corporate events, particularly the share buyback program. Despite a robust financial position, the high P/E ratio indicates overvaluation, which tempers the overall score. The absence of earnings call data limits insights into management's future guidance.
Positive Factors
Financial Stability
The company is cash generative with a free cash flow margin of 8.2%, leaving £22m of cash and no debt.
International Growth
Tracsis expanded its RCM offering in North America with key hardware and software contracts for a large transit customer, reinforcing its long-term international growth potential.
Market Position
The major multi-year PAYG Tap Converter contract secured during the period strengthens the company’s position in smart ticketing.
Negative Factors
Execution Risk
Execution risk has increased due to uncertainties in UK rail procurement and North America contract timelines.
Market Conditions
EBITDA margins are currently depressed due to tougher selling conditions and supply chain cost inflation.
Revenue Estimates
Revenue estimates are reset to reflect continued uncertainty in the UK with changes in government and weaker RCM activity.

Tracsis (TRCS) vs. iShares MSCI United Kingdom ETF (EWC)

Tracsis Business Overview & Revenue Model

Company DescriptionTracsis (TRCS) is a UK-based technology company that specializes in providing software, hardware, and services for the rail, traffic data, and transport industries. The company operates in sectors such as transport analytics, rail operations, and infrastructure monitoring. Its core products and services include software solutions for transport scheduling, data analytics for traffic management, and condition monitoring systems for railway infrastructure.
How the Company Makes MoneyTracsis makes money through a combination of software licensing, consulting services, and hardware sales. The company's revenue streams are primarily derived from providing software solutions for transport scheduling and planning, which are licensed to rail operators and transport agencies. Additionally, Tracsis generates income from consultancy services that offer expertise in transport analytics, helping clients optimize their operations. The sale and installation of hardware systems for railway condition monitoring also contribute to the company's earnings. Significant partnerships with railway operators and government transport agencies further enhance Tracsis' revenue potential, as these collaborations often lead to long-term contracts and recurring revenue.

Tracsis Financial Statement Overview

Summary
Tracsis demonstrates solid financial health with stable revenue and a strong balance sheet. However, recent declines in profitability and free cash flow growth suggest challenges that may need addressing to maintain its financial trajectory. The company’s low leverage and strong equity position provide a cushion against potential risks.
Income Statement
65
Positive
Tracsis has shown a consistent revenue growth over the years, despite a slight decline in the most recent year. The gross profit margin remains strong, but recent profitability, as indicated by the net profit margin, has seen a significant decline. The EBIT and EBITDA margins have also decreased, suggesting increased operational challenges.
Balance Sheet
75
Positive
The balance sheet reflects a robust equity position with a low debt-to-equity ratio, indicating financial stability. The return on equity has decreased, reflecting challenges in generating returns from equity. The equity ratio remains strong, suggesting a solid asset base supported by shareholder equity.
Cash Flow
70
Positive
Cash flow analysis indicates a stable operating cash flow to net income ratio, although free cash flow has declined. The free cash flow to net income ratio is healthy, ensuring sufficient liquidity to cover net income, but the growth rate of free cash flow shows recent pressure.
Breakdown
TTMSep 2024Sep 2023Sep 2022Sep 2021Sep 2020
Income StatementTotal Revenue
80.75M81.02M82.02M68.72M50.24M48.00M
Gross Profit
38.93M46.01M44.35M37.24M30.54M27.60M
EBIT
2.62M967.00K7.25M5.82M4.28M9.26M
EBITDA
8.50M9.04M14.59M9.55M10.57M9.60M
Net Income Common Stockholders
519.00K488.00K6.81M1.50M2.36M2.88M
Balance SheetCash, Cash Equivalents and Short-Term Investments
22.09M19.77M15.31M17.19M25.39M17.92M
Total Assets
94.18M102.81M100.90M105.59M93.52M84.66M
Total Debt
1.21M1.86M2.09M2.77M2.06M2.11M
Net Debt
-20.87M-17.91M-13.22M-14.42M-23.33M-15.81M
Total Liabilities
26.15M34.64M33.13M45.14M36.86M31.63M
Stockholders Equity
68.03M68.17M67.77M60.45M56.66M53.02M
Cash FlowFree Cash Flow
8.50M6.55M7.73M7.06M8.96M10.17M
Operating Cash Flow
9.29M8.50M9.56M8.19M9.36M10.55M
Investing Cash Flow
-1.56M-2.02M-7.49M-14.54M-595.00K-15.40M
Financing Cash Flow
-2.27M-2.10M-1.99M-2.03M-1.20M-1.34M

Tracsis Technical Analysis

Technical Analysis Sentiment
Positive
Last Price450.00
Price Trends
50DMA
377.46
Positive
100DMA
392.80
Positive
200DMA
494.13
Negative
Market Momentum
MACD
22.97
Positive
RSI
61.49
Neutral
STOCH
47.62
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:TRCS, the sentiment is Positive. The current price of 450 is above the 20-day moving average (MA) of 418.96, above the 50-day MA of 377.46, and below the 200-day MA of 494.13, indicating a neutral trend. The MACD of 22.97 indicates Positive momentum. The RSI at 61.49 is Neutral, neither overbought nor oversold. The STOCH value of 47.62 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:TRCS.

Tracsis Peers Comparison

Overall Rating
UnderperformOutperform
Sector (60)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
GBEYE
76
Outperform
£116.58M14.5525.61%1.47%
74
Outperform
£127.27M37.6511.59%0.56%15.67%25.62%
72
Outperform
£135.86M263.160.76%0.53%1.71%-89.07%
GBTRB
69
Neutral
£92.02M16.7310.98%1.51%4.97%3.63%
64
Neutral
£161.85M33.228.42%1.85%-6.21%21.39%
60
Neutral
$11.56B10.24-7.04%2.94%7.46%-10.54%
* Technology Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
GB:TRCS
Tracsis
450.00
-474.65
-51.33%
GB:TRB
Tribal Group plc
41.00
-15.21
-27.06%
GB:APTD
Aptitude Software Group plc
288.00
-50.39
-14.89%
GB:ELCO
Eleco
152.50
47.25
44.89%
GB:EYE
Eagle Eye Solutions
384.00
-96.00
-20.00%

Tracsis Corporate Events

Stock BuybackBusiness Operations and StrategyRegulatory Filings and Compliance
Tracsis Executes Share Buyback to Optimize Capital Structure
Neutral
May 22, 2025

Tracsis plc has executed a share buyback program, purchasing 5,000 ordinary shares at a volume-weighted average price of 449.60 pence per share. This move, conducted through their broker Berenberg, is part of a broader strategy to manage the company’s capital structure, with the purchased shares intended for cancellation. Following this transaction, the total number of voting rights in the company will be 30,175,311, which stakeholders can use for regulatory compliance purposes.

The most recent analyst rating on (GB:TRCS) stock is a Buy with a £1245.00 price target. To see the full list of analyst forecasts on Tracsis stock, see the GB:TRCS Stock Forecast page.

Stock BuybackBusiness Operations and Strategy
Tracsis Executes Share Buyback Programme
Positive
May 21, 2025

Tracsis plc, a company engaged in a share buyback programme, announced the purchase of 11,500 ordinary shares on the London Stock Exchange through its broker, Berenberg. The shares were bought at prices ranging from 445.00 to 446.00 pence per share, with a volume-weighted average price of 445.13 pence. The company intends to cancel these shares, which will result in a total of 30,179,635 ordinary shares in issue, each with one voting right. This move is part of Tracsis’s strategy to manage its share capital and potentially enhance shareholder value.

The most recent analyst rating on (GB:TRCS) stock is a Buy with a £1245.00 price target. To see the full list of analyst forecasts on Tracsis stock, see the GB:TRCS Stock Forecast page.

Stock BuybackBusiness Operations and Strategy
Tracsis Executes Share Buyback Programme
Neutral
May 20, 2025

Tracsis plc, a company involved in a share buyback programme, announced the purchase of 21,206 of its ordinary shares on the London Stock Exchange through its corporate broker Berenberg. The shares were bought at prices ranging from 420.50 to 434.00 pence, with a volume-weighted average price of 429.42 pence. The company plans to cancel these shares, resulting in a total of 30,191,135 ordinary shares in issue. This move is part of Tracsis’s strategy to manage its share capital and could influence shareholder calculations under the FCA’s Disclosure Guidance and Transparency Rules.

The most recent analyst rating on (GB:TRCS) stock is a Buy with a £1245.00 price target. To see the full list of analyst forecasts on Tracsis stock, see the GB:TRCS Stock Forecast page.

Stock BuybackBusiness Operations and Strategy
Tracsis Announces Share Buyback and Cancellation
Neutral
May 19, 2025

Tracsis plc, a company involved in a share buyback programme, announced the purchase of 21,501 of its ordinary shares at a consistent price of 435 pence per share. This transaction was executed through its corporate broker, Berenberg, on the London Stock Exchange. The company plans to cancel these shares, which will result in a total of 30,212,341 ordinary shares in issue, each with one voting right. This move is part of Tracsis’ strategic financial management, potentially impacting shareholder calculations regarding their interests in the company.

The most recent analyst rating on (GB:TRCS) stock is a Buy with a £1245.00 price target. To see the full list of analyst forecasts on Tracsis stock, see the GB:TRCS Stock Forecast page.

Stock Buyback
Tracsis Executes Share Buyback and Cancels Shares
Neutral
May 16, 2025

Tracsis plc has executed a share buyback, purchasing 21,826 of its ordinary shares at a price of 445 pence each, as part of its previously announced Buyback Programme. The company plans to cancel these shares, resulting in a total of 30,233,842 ordinary shares in issue, which will affect the voting rights calculations for shareholders.

The most recent analyst rating on (GB:TRCS) stock is a Buy with a £1245.00 price target. To see the full list of analyst forecasts on Tracsis stock, see the GB:TRCS Stock Forecast page.

Stock Buyback
Tracsis Announces Share Buyback and Cancellation
Neutral
May 15, 2025

Tracsis plc, a company engaged in a share buyback program, has repurchased 21,784 of its ordinary shares at a price of 450 pence each on the London Stock Exchange. The company plans to cancel these shares, resulting in a total of 30,255,668 ordinary shares in issue, which will affect the voting rights and shareholding calculations for stakeholders.

The most recent analyst rating on (GB:TRCS) stock is a Buy with a £1245.00 price target. To see the full list of analyst forecasts on Tracsis stock, see the GB:TRCS Stock Forecast page.

Stock Buyback
Tracsis PLC Executes Share Buyback and Reduces Share Count
Neutral
May 14, 2025

Tracsis PLC has executed a share buyback program, purchasing 21,766 of its ordinary shares at a consistent price of 450 pence per share. The company intends to cancel these shares, reducing the total number of shares in issue to 30,277,452, which will impact the total voting rights available to shareholders.

The most recent analyst rating on (GB:TRCS) stock is a Buy with a £1245.00 price target. To see the full list of analyst forecasts on Tracsis stock, see the GB:TRCS Stock Forecast page.

Stock BuybackBusiness Operations and Strategy
Tracsis Executes Share Buyback Program
Neutral
May 13, 2025

Tracsis plc has executed a share buyback program, purchasing 21,483 of its ordinary shares on the London Stock Exchange. The shares were bought at prices ranging from 460.00 to 467.50 pence, with a volume-weighted average price of 465.20 pence. The company plans to cancel these shares, which will result in a total of 30,299,218 ordinary shares in issue, each with one voting right. This move is part of Tracsis’s strategy to manage its capital structure and potentially enhance shareholder value.

The most recent analyst rating on (GB:TRCS) stock is a Buy with a £1245.00 price target. To see the full list of analyst forecasts on Tracsis stock, see the GB:TRCS Stock Forecast page.

Stock BuybackBusiness Operations and Strategy
Tracsis PLC Announces Change in Voting Rights Due to Share Buyback
Neutral
May 12, 2025

Tracsis PLC, a UK-based company, has announced a change in its voting rights structure due to a share buyback. The notification reveals that BGF Investment Management Limited now holds 4.002% of the voting rights, up from a previous 3.310%. This adjustment in voting rights could influence the company’s governance and decision-making processes, impacting stakeholders and potentially altering the company’s strategic direction.

The most recent analyst rating on (GB:TRCS) stock is a Buy with a £1245.0000 price target. To see the full list of analyst forecasts on Tracsis stock, see the GB:TRCS Stock Forecast page.

Stock BuybackBusiness Operations and Strategy
Tracsis Executes Share Buyback Program
Positive
May 12, 2025

Tracsis plc has executed a share buyback program, purchasing 4,415 of its ordinary shares on the London Stock Exchange through its corporate broker, Berenberg. The shares were bought at a volume-weighted average price of 464.84 pence and will be canceled, reducing the total number of voting rights to 30,320,701. This move is part of Tracsis’s strategy to manage its share capital and potentially enhance shareholder value.

Stock Buyback
Tracsis Executes Share Buyback, Cancels Shares
Neutral
May 9, 2025

Tracsis plc, a company involved in a share buyback programme, has repurchased 21,768 of its ordinary shares at a price of 435 pence each on the London Stock Exchange. The company plans to cancel these shares, which will result in a total of 30,325,116 ordinary shares in issue, each with one voting right. This move is part of Tracsis’s ongoing efforts to manage its capital structure and could impact shareholder voting rights and interest calculations.

Stock BuybackRegulatory Filings and Compliance
Tracsis PLC Announces Share Buyback and Correction of Administrative Error
Neutral
May 8, 2025

Tracsis PLC has announced a transaction involving the repurchase of its ordinary shares as part of a previously declared share buyback programme. The company corrected an administrative error regarding the nominal value of shares and confirmed the purchase and cancellation of 21,798 shares. This action reduces the total number of shares in circulation, impacting the company’s voting rights and potentially influencing shareholder value.

Stock BuybackRegulatory Filings and Compliance
Tracsis Announces Share Buyback and Voting Rights Update
Neutral
May 7, 2025

Tracsis plc, a company involved in a share buyback programme, has announced the purchase of 6,750 of its ordinary shares on the London Stock Exchange. The shares were bought at prices ranging from 431.50 to 431.75 pence per share, with the intention of canceling them. Following this transaction, the total number of voting rights in the company will be 30,368,682, which is relevant for shareholders in determining their interest in the company under regulatory rules.

Regulatory Filings and Compliance
Tracsis Announces Total Voting Rights Update
Neutral
May 1, 2025

Tracsis plc has announced that as of May 1, 2025, the total number of ordinary shares in the company’s capital is 30,374,682, each carrying one vote. There are no shares held in treasury, meaning the total number of voting rights is also 30,374,682. This information is crucial for shareholders to determine their interest in the company’s share capital under the Disclosure Guidance and Transparency Rules.

Regulatory Filings and Compliance
Tracsis PLC Announces Total Voting Rights
Neutral
May 1, 2025

Tracsis PLC has announced the total number of voting rights in the company, which stands at 30,374,682 ordinary shares, each carrying one vote. This information is crucial for shareholders to determine their interest or changes in their interest in the company’s share capital, in compliance with the Financial Conduct Authority’s Disclosure Guidance and Transparency Rules.

Stock BuybackBusiness Operations and Strategy
Tracsis PLC Executes Share Buyback Program
Neutral
Apr 28, 2025

Tracsis PLC, a company listed on the London Stock Exchange, has executed a share buyback program, purchasing 7,000 of its ordinary shares at a price of 320 pence each. The company plans to cancel these shares, which will result in a total of 30,374,376 ordinary shares in issue, each with one voting right. This move is part of Tracsis’s strategy to manage its capital structure and could potentially impact shareholder value by reducing the number of shares outstanding, thereby increasing the ownership percentage of remaining shareholders.

Stock Buyback
Tracsis PLC Executes Share Buyback to Optimize Capital Structure
Neutral
Apr 25, 2025

Tracsis PLC, a company involved in the transport and traffic data analysis industry, announced a share buyback transaction. The company purchased 14,651 of its ordinary shares at a price of 310 pence each, with the intention to cancel these shares, thereby reducing the total number of shares in issue to 30,381,376. This move is part of a broader share buyback program aimed at optimizing the company’s capital structure.

Stock Buyback
Tracsis Launches £3.0 Million Share Buyback Programme
Neutral
Apr 24, 2025

Tracsis plc has announced the commencement of a share buyback programme valued at up to £3.0 million. This initiative aims to reduce the company’s share capital by purchasing and canceling its ordinary shares, thereby returning surplus capital to shareholders while maintaining financial flexibility. The programme will be executed by Berenberg under pre-set parameters and may be adjusted based on market conditions. There is no certainty that the full amount will be utilized, and the programme will adhere to regulatory standards, with the possibility of trading outside safe harbour conditions if necessary.

Business Operations and StrategyFinancial Disclosures
Tracsis plc Faces H1 Challenges but Eyes Growth with Strategic Initiatives
Neutral
Apr 24, 2025

Tracsis plc reported a challenging first half of FY25, with a slight decline in revenue and a significant drop in adjusted EBITDA due to funding shortfalls in the UK rail sector, a cyber-attack on a major customer, and inflationary pressures. Despite these setbacks, the company has maintained strong cash generation and a robust balance sheet, enabling continued investment in growth initiatives. Strategic highlights include growth in recurring software revenues, successful deployments of key rail technology products, and securing multi-year contracts that support future revenue growth. The company remains optimistic about improved financial performance in the second half of the year, driven by a confirmed order book and strategic actions to mitigate previous challenges.

Regulatory Filings and Compliance
Tracsis PLC Announces Total Voting Rights Update
Neutral
Apr 1, 2025

Tracsis PLC has announced that as of April 1, 2025, the company has a total of 30,396,027 ordinary shares in issue, each carrying one vote, with no shares held in treasury. 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.

Regulatory Filings and Compliance
Tracsis Announces Total Voting Rights Update
Neutral
Mar 3, 2025

Tracsis plc has announced that the total number of ordinary shares in the company is 30,394,884, each carrying one vote, with no shares held in treasury. This information is crucial for shareholders to determine their interest in the company’s share capital as per the Financial Conduct Authority’s Disclosure Guidance and Transparency Rules.

Business Operations and StrategyFinancial Disclosures
Tracsis Reports Modest Revenue Growth Amid UK Rail Market Challenges
Neutral
Feb 26, 2025

Tracsis, a leading transport technology provider, reported modest revenue growth for the first half of the fiscal year 2025, despite challenges in the UK rail market due to CP7 funding impacts. The company achieved significant contract wins, including a major PAYG Tap Converter system and the first intercity deployment of TRACS Enterprise in the UK. Although the adjusted EBITDA margin decreased due to revenue mix changes and lower profitability in Traffic Data & Events, Tracsis expects stronger performance in the second half of FY25, supported by a robust order book and ongoing strategic initiatives in the UK and North America. The company’s diversification into the North American market and its focus on digital transformation position it well for sustainable growth and value creation for shareholders.

Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.

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.