Ctac NV (CTAC) AI Stock Analysis

• Market Cap: €42.87M
• Dividend Yield: 3.49%
• Average Volume (3M): 12.25K
• Price to Earnings (P/E): 11.9
• Beta (1Y): -0.07
• Revenue Growth: 0.81%
• EPS Growth: 351.71%
• Country: NL
• Employees: 340
• Sector: General
• Sector Strength: N/A
• Industry: Information Technology Services
• EPS (TTM): 0.15
• Shares Outstanding: 14,149,023
• 10 Day Avg. Volume: 7,543
• 30 Day Avg. Volume: 12,251
• PEG Ratio: 0.03
• Price to Book (P/B): 1.37
• Price to Sales (P/S): 0.34
• P/FCF Ratio: 6.03
• 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: €3.30
• Price Target Upside: 7.84% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1
• EPS Forecast (FY): 0.42
• Revenue Forecast (FY): €140.15M

• Rating: 68 Neutral
• Price Target: €3.00 ▼(-1.96% Downside)
• Action: Reiterated Date: 10/17/25
• Date: Action: Reiterated 10/17/25

Ctac NV's overall stock score is driven by its strong financial performance and reasonable valuation. The technical analysis suggests a stable price trend, but the lack of earnings call data and corporate events limits additional insights.

Positive Factors

Revenue Growth

Sustained revenue growth indicates expanding demand for Ctac's consulting and implementation services. Durable top-line expansion supports reinvestment in capabilities, strengthens client relationships, and underpins recurring maintenance and managed-service revenues, enhancing long-term resilience.

Free Cash Flow Generation

Consistent positive free cash flow strengthens financial flexibility, enabling funding of organic growth, technology investment, and debt repayment without dilutive financing. Reliable cash conversion also cushions the business against project timing volatility and supports steady operations.

Specialist Market Position (SAP & Digital)

A clear focus on SAP implementations and digital transformation creates a durable competitive advantage: deep-domain expertise, partner ecosystem access, and higher switching costs. This specialization aligns with structural IT spending trends in healthcare, retail and public sectors.

Negative Factors

Profitability Volatility

Fluctuating net margins point to sensitivity to project mix, pricing pressure, and cost swings. Persistent volatility reduces earnings predictability, complicates capital allocation decisions and can weaken investor and creditor confidence during downturns or competitive pressure.

Moderate Reliance on Debt

A moderate dependence on debt narrows financial flexibility and raises refinancing and interest-rate exposure. In adverse cycles this can constrain investment in growth initiatives, limit ability to absorb project overruns, and increase risk to long-term strategic execution.

Limited Scale and Staffing Depth

A relatively small employee base can limit capacity to take on simultaneous large-scale implementations and slows geographic or sector expansion. Limited internal scale raises execution risk on complex projects and makes talent retention and depth more consequential for sustained growth.

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 coordination management, implementation, and consultancy and advice services. It also provides various solutions for cloud infrastructure, SAP S/4HANA, workplace, cyber security, unified commerce, integration, data management, data and analytics, customer experience, and innovation. In addition, the company offers SAP data warehouse, security assessment, fiori, s/4 move and hana, ECC, business warehouse, analytics, and EVM; data sync manager, ometa, binder dam, winshuttle, winshuttle evolve, inriver pim, ETIM extension for inriver pim, mendix, and XV Retail; Fit4 Real Estate, omni customer loyalty, private cloud, pricing and promotion engine, and floating basket; and Microsoft azure public cloud, teams, route365 cooker session, sharepoint, and 365. It primarily serves retail, wholesale, manufacturing, real estate, and cross industries. The company was founded in 1992 and is headquartered in 's-Hertogenbosch, the Netherlands.

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 maintenance services. Additionally, Ctac benefits from partnerships with major technology providers, such as SAP, which allows it to deliver specialized solutions and leverage co-marketing opportunities. The company's focus on digital transformation projects in sectors like healthcare and retail also contributes significantly to its earnings, as organizations increasingly invest in technology solutions to enhance their operations.

Ctac NV Financial Statement Overview

Summary

Ctac NV presents a positive financial outlook with consistent revenue growth and strong cash flow generation. However, profitability shows variance, and there is moderate reliance on debt, which should be monitored closely.

Income Statement

Ctac NV has shown consistent revenue growth over the years, with a notable increase from 2019 to 2020. The gross profit margin is healthy, indicating effective cost management. However, the net profit margin has fluctuated, showing some instability in profitability. EBIT and EBITDA margins are solid, reflecting efficient operations, but there is room for improvement in net income growth.

Balance Sheet

The company's debt-to-equity ratio has improved over time, suggesting better leverage management. The return on equity is decent, indicating satisfactory returns for shareholders. However, the equity ratio shows moderate reliance on debt, which could pose a risk in volatile market conditions.

Cash Flow

Ctac NV demonstrates strong free cash flow generation, with positive growth in free cash flow over the years. The operating cash flow to net income ratio indicates effective cash management. However, the free cash flow to net income ratio suggests potential volatility in cash flow relative to net income.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	125.71M	124.33M	127.23M	117.67M	106.42M	87.31M
Gross Profit	15.60M	30.30M	17.44M	31.70M	29.48M	26.09M
EBITDA	10.34M	10.73M	9.29M	12.27M	12.04M	9.33M
Net Income	3.60M	3.91M	951.00K	4.73M	4.46M	3.03M
Balance Sheet
Total Assets	69.76M	71.96M	71.31M	75.58M	74.01M	64.52M
Cash, Cash Equivalents and Short-Term Investments	4.59M	9.18M	8.31M	7.44M	10.40M	10.55M
Total Debt	13.36M	8.78M	10.56M	12.16M	13.84M	14.57M
Total Liabilities	36.85M	41.09M	42.79M	44.65M	46.85M	42.03M
Stockholders Equity	32.91M	30.86M	28.51M	29.76M	26.05M	22.49M
Cash Flow
Free Cash Flow	-171.00K	7.00M	8.86M	5.33M	8.70M	14.23M
Operating Cash Flow	669.00K	10.28M	10.69M	6.14M	9.54M	15.15M
Investing Cash Flow	-1.32M	-3.27M	-1.82M	-2.68M	-4.33M	-4.88M
Financing Cash Flow	-4.30M	-5.74M	-8.00M	-6.42M	-5.36M	-1.18M

Ctac NV Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 3.06
• 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 NL:CTAC, the sentiment is Neutral. The current price of 3.06 is above the 20-day moving average (MA) of 3.02, above the 50-day MA of 3.05, and below the 200-day MA of 3.24, indicating a neutral trend. The MACD of -0.01 indicates Negative momentum. The RSI at 50.26 is Neutral, neither overbought nor oversold. The STOCH value of 51.28 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for NL:CTAC.

Ctac NV Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
NEDAP	73 Outperform	€552.00M	22.86	29.06%	3.54%	4.11%	22.38%
CTAC	68 Neutral	€42.87M	11.91	13.94%	3.49%	0.81%	351.71%
Sector *	55 Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
CMCOM	53 Neutral	€164.03M	-43.65	-57.80%	―	0.36%	34.49%
MTRK	47 Neutral	€176.98M	-14.18	―	―	-7.94%	7.30%