Ctac NV (NL:CTAC)
:CTAC
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Ctac NV
(CTAC)
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Rating:55Neutral
Price Target:
€3.00
▼(-1.96% Downside)
Action:ReiteratedDate:03/02/26
The score is held back primarily by weakening financial performance—especially the sharp deterioration in operating/free cash flow and the significant margin compression in 2025—despite solid revenue growth and a manageable balance sheet. Technicals are neutral-to-slightly weak, while valuation (moderate P/E and ~3.6% yield) provides meaningful support.
Positive Factors
Strong revenue growth
Sustained ~39% top-line growth in 2025 indicates robust demand for Ctac's services across its end markets. Persistent revenue expansion supports scale, backlog visibility and cross‑sell opportunities, underpinning longer‑term service margins and investment capacity despite near‑term margin pressure.
Negative Factors
Sharp gross margin compression
A drop from ~24% to ~10% gross margin signals material adverse shifts in pricing, project mix, or cost absorption. Such a structural margin decline reduces operating leverage, limits reinvestment, and heightens sensitivity to revenue swings, making margin recovery a multi‑quarter strategic priority.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong revenue growth
Sustained ~39% top-line growth in 2025 indicates robust demand for Ctac's services across its end markets. Persistent revenue expansion supports scale, backlog visibility and cross‑sell opportunities, underpinning longer‑term service margins and investment capacity despite near‑term margin pressure.
Read all positive factors
Ctac NV (CTAC) vs. iShares MSCI Netherlands ETF (EWN)
Market Cap
€39.05M
Dividend Yield3.49%
Average Volume (3M)12.25K
Price to Earnings (P/E)12.0
Beta (1Y)0.06
Revenue Growth0.81%
EPS Growth351.71%
CountryNL
Employees340
SectorGeneral
Sector StrengthN/A
IndustryInformation Technology Services
Share Statistics
EPS (TTM)0.15
Shares Outstanding14,149,023
10 Day Avg. Volume7,543
30 Day Avg. Volume12,251
Financial Highlights & Ratios
PEG Ratio-1.12
Price to Book (P/B)1.32
Price to Sales (P/S)0.34
P/FCF Ratio-205.19
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€3.30Price Target Upside7.84% Upside
Rating ConsensusHold
Number of Analyst Covering1
EPS Forecast (FY)0.33
Revenue Forecast (FY)€132.45M
Ctac NV Business Overview & Revenue Model
Company Description
Ctac N.V. provides business and cloud integration services primarily in the Netherlands and Belgium. The company offers cloud, programme and change management, agile consultancy, application management, license management, service desk and coordin...
How the Company Makes Money
Ctac generates revenue primarily through consulting services, project-based implementations, and managed services. Its key revenue streams include fees charged for IT consulting, software implementation projects, and ongoing support and maintenanc...
Ctac NV Financial Statement Overview
Summary
Income Statement
64
Positive
Balance Sheet
72
Positive
Cash Flow
38
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 125.71M | 124.33M | 127.23M | 117.67M | 106.42M |
| Gross Profit | 12.95M | 30.30M | 17.44M | 31.70M | 29.48M |
| EBITDA | 10.34M | 10.73M | 9.29M | 12.27M | 12.04M |
| Net Income | 3.60M | 3.91M | 951.00K | 4.73M | 4.46M |
Balance Sheet | |||||
| Total Assets | 69.76M | 71.96M | 71.31M | 75.58M | 74.01M |
| Cash, Cash Equivalents and Short-Term Investments | 4.59M | 9.18M | 8.31M | 7.44M | 10.40M |
| Total Debt | 13.36M | 8.78M | 10.56M | 12.16M | 13.84M |
| Total Liabilities | 36.85M | 41.09M | 42.79M | 44.65M | 46.85M |
| Stockholders Equity | 32.91M | 30.86M | 28.51M | 29.76M | 26.05M |
Cash Flow | |||||
| Free Cash Flow | -211.00K | 7.00M | 8.86M | 5.33M | 8.70M |
| Operating Cash Flow | 629.00K | 10.28M | 10.69M | 6.14M | 9.54M |
| Investing Cash Flow | -1.32M | -3.27M | -1.82M | -2.68M | -4.33M |
| Financing Cash Flow | -4.30M | -5.74M | -8.00M | -6.42M | -5.36M |
Ctac NV Technical Analysis
Negative
3.06
Price Trends
2.98
Negative
3.09
Negative
3.21
Negative
Market Momentum
-0.05
Positive
33.90
Neutral
12.81
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For NL:CTAC, the sentiment is Negative. The current price of 3.06 is above the 20-day moving average (MA) of 2.92, above the 50-day MA of 2.98, and below the 200-day MA of 3.21, indicating a bearish trend. The MACD of -0.05 indicates Positive momentum. The RSI at 33.90 is Neutral, neither overbought nor oversold. The STOCH value of 12.81 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for NL:CTAC.
Ctac NV Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | €516.97M | 24.15 | 29.06% | 3.54% | 4.11% | 22.38% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
55 Neutral | €39.05M | 12.03 | 11.31% | 3.49% | 0.81% | 351.71% | |
53 Neutral | €171.49M | -37.50 | -13.96% | ― | 0.36% | 34.49% | |
41 Neutral | €148.68M | -17.52 | ― | ― | -7.94% | 7.30% |
* General Sector Average
NL:CTAC
Ctac NV
2.75
-0.62
-18.47%
NL:NEDAP
Nedap N.V
78.90
15.62
24.68%
NL:CMCOM
CM.com N.V.
5.32
-1.86
-25.91%
NL:MTRK
MotorK PLC
3.05
-1.76
-36.59%
NL:AMUND
Almunda Professionals N.V.
1.08
-0.05
-4.42%
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.