Español 
Deutsch 
Français 
MSCI World Index (MSC)
NASDAQ Composite (NASDAQ)
FTSE China A50 Index (FGI)
STOXX Europe 600 (SIX)
Nikkei 300 (OSA)
NIFTY 50 (NSE)
DAX Performance Index (XETRA)
FTSE 100 (FGI)
CAC 40 (EURONEXT)
init innovation in traffic systems SE (IXX.DE)
EUR48.00
-0.10 (-0.21%)
DE XETRA Technology Software - Application
Address
Kaeppelestrasse 4-10 76131
Karlsruhe, DE
Karlsruhe, DE
CEO
Gottfried Greschner
Website
initse.com
IPO
2001-07-24
ISIN DE0005759807
Also trades on
Deutsche Börse · IXX.DE (EUR)
London Stock Exchange · 0EWR.L (EUR)
Description
init innovation in traffic systems SE delivers advanced intelligent transportation system solutions to the global public transit sector. The company specializes in designing, manufacturing, integrating, deploying, and maintaining comprehensive software and hardware products for transportation operators. Their extensive offerings cover critical aspects such as scheduling and resource allocation, fare collection and administration, analytical tools for optimization, and central operations control with real-time passenger information. Furthermore, they provide essential customer support and operational management systems. Established in 1983, init innovation in traffic systems SE is headquartered in Karlsruhe, Germany.
Market Cap & Enterprise Value
Merger & Acquisition History
No mergers or acquisitions recorded for this company.
Technical Outlook
Loading outlook…
Loading forecast...
Signal Summary
Loading…
| Indicator | 1D | 1W | 2W | 3W | 1M |
|---|
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
Loading risk profile…
Price Chart
EUR48.00
-0.10 (-0.21%)
Loading historical data…
Volume Profile
Loading…
Liquidity & share structure
Average Volume
5.8K
Beta
1.47
Float Shares
6.03M
Free Float %
60.7%
Price Performance
| 1D | 5D | 1M | 3M | 6M | YTD | 1Y | 3Y | 5Y | 10Y | Max |
|---|---|---|---|---|---|---|---|---|---|---|
| +4.60% | -3.33% | +23.35% | +15.96% | +17.53% | +15.45% | +26.63% | +67.63% | +21.35% | +283.71% | +915.53% |
Rolling Volatility
Loading…
Drawdown
Loading…
Relative Strength
Loading…
Monthly Returns Heatmap
From
To
Loading…
Annual Monthly Returns
Loading…
Daily Returns Distribution
Loading histogram data…
Revenue flow
Revenue by geography
Revenue by segment
From
To
Revenue composition
From
To
By product
By geography
Financial Statements
Select metrics from the tables below to build your comparison.
Income Statement
Balance Sheet
Cash Flow Statement
Key Metrics
Financial Ratios
Employees
Financial Growth (CAGR)
Market Data
Price Targets & DCF
Current price
48.00
DCF (Unlevered)
17.34
-63.9%
DCF (Levered)
42.65
-11.1%
DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.
Ratings Trend (MoM)
100% Bullish
| Rating | 2026-05 | Change |
|---|---|---|
| Strong Buy | 0 | 0 |
| Buy | 3 | 0 |
| Hold | 0 | 0 |
| Sell | 0 | 0 |
| Strong Sell | 0 | 0 |
Quality scores
Altman Z-Score
3.95
Safe zone
Piotroski F-Score
7 / 9
Strong
MOAT Score
5 / 10
Developing
Composite Rating
B+
Overall Score
3 / 5
Medium
DCF Score
4 / 5
High
ROE Score
4 / 5
High
ROA Score
4 / 5
High
D/E Score
1 / 5
Low
P/E Score
3 / 5
Medium
P/Book Score
3 / 5
Medium
Operational MOAT
✗ Below peers
-
Revenue growth Software - Application: +13.0%+24.1% ★ Q1'26: +39.5% (vs Q1'25)
-
EPS growth Software - Application: +28.6%+25.5% Q1'26: +162.5% (vs Q1'25)
-
FCF margin FCF growth · Software - Application: +45.3%+12.1% ★ Q1'26: +2.7% (vs Q1'25)
-
EBIT margin Software - Application: +9.4%+9.4% ★ Q1'26: +6.2% (vs Q1'25)
-
ROIC Software - Application: +7.5%+10.4% ★ Q1'26: +8.3% (vs Q1'25)
-
Share dilution Software - Application: +0.0%+0.6% Q1'26: +0.5% (vs Q1'25)
-
Debt / EBITDA Net debt/EBITDA · Software - Application: -1.16×1.78× Q1'26: 2.12× (vs Q1'25)
Valuation Multiples
From
To
Price Forecast (3Y)
From
To
Theoretical Return — If Invested Today
* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.
Consensus Estimates
| Metric |
Dec 2009 actual |
Dec 2010 actual |
Dec 2011 actual |
Dec 2012 actual |
Dec 2013 actual |
Dec 2014 actual |
Dec 2015 actual |
Dec 2016 actual |
Dec 2017 actual |
Dec 2018 actual |
Dec 2019 actual |
Dec 2020 actual |
Dec 2021 actual |
Dec 2022 actual |
Dec 2023 actual |
Dec 2024 actual |
Dec 2025 actual |
Dec 2026 3 Rev. Ana. 3 EPS Ana. |
Dec 2027 3 Rev. Ana. 3 EPS Ana. |
Dec 2028 3 Rev. Ana. 3 EPS Ana. |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue |
64.96M
est: 65.97M (-1.5%)
|
80.91M
est: 81.30M (-0.5%)
|
88.74M
est: 85.41M (+3.9%)
|
97.30M
est: 101.43M (-4.1%)
|
100.12M
est: 101.55M (-1.4%)
|
102.99M
est: 109.11M (-5.6%)
|
105.29M
est: 106.17M (-0.8%)
|
108.64M
est: 108.60M (+0.0%)
|
130.55M
est: 130.60M (0.0%)
|
135.71M
est: 144.00M (-5.8%)
|
156.46M
est: 159.70M (-2.0%)
|
180.67M
est: 181.00M (-0.2%)
|
176.66M
est: 177.80M (-0.6%)
|
191.25M
est: 192.00M (-0.4%)
|
210.80M
est: 235.67M (-10.6%)
|
265.67M
est: 255.55M (+4.0%)
|
329.67M
est: 351.87M (-6.3%)
|
394.47M
390.00M – 398.40M
+12.1% YoY
|
445.53M
433.00M – 459.40M
+12.9% YoY
|
506.57M
506.57M – 506.57M
+13.7% YoY
|
| EBITDA |
14.24M
est: 11.48M (+24.0%)
|
17.74M
est: 17.50M (+1.4%)
|
23.23M
est: 18.71M (+24.1%)
|
20.21M
est: 29.40M (-31.3%)
|
20.62M
est: 19.80M (+4.1%)
|
21.74M
est: 21.68M (+0.3%)
|
14.15M
est: 20.53M (-31.1%)
|
15.77M
est: 12.93M (+22.0%)
|
12.93M
est: 17.38M (-25.6%)
|
10.95M
est: 12.94M (-15.4%)
|
20.95M
est: 10.31M (+103.2%)
|
28.94M
est: 24.21M (+19.5%)
|
27.39M
est: 27.42M (-0.1%)
|
31.28M
est: 30.80M (+1.6%)
|
32.61M
est: 36.24M (-10.0%)
|
40.10M
est: 39.39M (+1.8%)
|
47.68M
est: 54.11M (-11.9%)
|
60.66M
59.97M – 61.26M
+12.1% YoY
|
68.51M
66.58M – 70.64M
+12.9% YoY
|
77.89M
77.89M – 77.89M
+13.7% YoY
|
| EBIT |
11.84M
est: 9.43M (+25.6%)
|
15.23M
est: 13.80M (+10.4%)
|
20.77M
est: 15.13M (+37.3%)
|
17.63M
est: 22.21M (-20.6%)
|
17.57M
est: 17.32M (+1.4%)
|
18.74M
est: 19.02M (-1.5%)
|
11.72M
est: 18.45M (-36.5%)
|
11.96M
est: 10.74M (+11.3%)
|
8.73M
est: 13.79M (-36.7%)
|
6.38M
est: 9.74M (-34.5%)
|
16.27M
est: 7.15M (+127.4%)
|
19.69M
est: 18.34M (+7.4%)
|
17.54M
est: 20.76M (-15.5%)
|
21.08M
est: 23.32M (-9.6%)
|
21.38M
est: 23.68M (-9.7%)
|
25.92M
est: 25.68M (+0.9%)
|
30.97M
est: 35.36M (-12.4%)
|
39.64M
39.19M – 40.04M
+12.1% YoY
|
44.77M
43.51M – 46.16M
+12.9% YoY
|
50.90M
50.90M – 50.90M
+13.7% YoY
|
| Net Income |
8.31M
est: 6.87M (+21.1%)
|
10.01M
est: 10.23M (-2.1%)
|
15.06M
est: 10.40M (+44.8%)
|
11.10M
est: 17.81M (-37.7%)
|
12.08M
est: 11.11M (+8.7%)
|
12.07M
est: 13.00M (-7.2%)
|
7.48M
est: 11.92M (-37.2%)
|
8.68M
est: 7.47M (+16.2%)
|
3.66M
est: 10.15M (-63.9%)
|
2.44M
est: 4.16M (-41.4%)
|
11.33M
est: 2.74M (+313.6%)
|
14.92M
est: 12.79M (+16.6%)
|
12.41M
est: 14.49M (-14.3%)
|
16.52M
est: 15.96M (+3.5%)
|
15.19M
est: 18.66M (-18.6%)
|
15.46M
est: 17.79M (-13.1%)
|
19.59M
est: 21.15M (-7.4%)
|
25.60M
24.23M – 26.62M
+21.0% YoY
|
32.00M
29.50M – 33.17M
+25.0% YoY
|
40.60M
34.26M – 47.67M
+26.9% YoY
|
| SGA |
10.05M
est: 11.05M (-9.1%)
|
12.62M
est: 12.32M (+2.4%)
|
15.55M
est: 13.24M (+17.5%)
|
15.55M
est: 18.53M (-16.1%)
|
16.51M
est: 16.12M (+2.4%)
|
17.05M
est: 17.73M (-3.8%)
|
17.71M
est: 16.84M (+5.2%)
|
21.57M
est: 17.68M (+22.0%)
|
26.72M
est: 25.49M (+4.8%)
|
27.41M
est: 29.02M (-5.5%)
|
30.04M
est: 29.42M (+2.1%)
|
34.81M
est: 33.91M (+2.6%)
|
37.03M
est: 38.40M (-3.6%)
|
40.46M
est: 43.14M (-6.2%)
|
45.74M
est: 50.53M (-9.5%)
|
61.50M
est: 55.17M (+11.5%)
|
66.74M
est: 75.45M (-11.5%)
|
84.58M
83.62M – 85.42M
+12.1% YoY
|
95.53M
92.84M – 98.50M
+12.9% YoY
|
108.62M
108.62M – 108.62M
+13.7% YoY
|
| EPS |
0.84
est: 0.77 (+9.4%)
|
1.00
est: 1.11 (-9.6%)
|
1.51
est: 1.18 (+28.3%)
|
1.11
est: 1.39 (-20.0%)
|
1.21
est: 1.29 (-6.4%)
|
1.20
est: 1.29 (-6.8%)
|
0.75
est: 0.76 (-1.3%)
|
0.86
est: 0.47 (+83.6%)
|
0.37
est: 0.67 (-45.0%)
|
0.24
est: 0.82 (-70.7%)
|
1.13
est: 0.74 (+52.7%)
|
1.50
est: 1.19 (+26.1%)
|
1.25
est: 1.26 (-0.8%)
|
1.66
est: 1.41 (+17.7%)
|
1.54
est: 1.89 (-18.5%)
|
1.57
est: 1.79 (-12.3%)
|
1.97
est: 2.13 (-7.5%)
|
2.59
2.44 – 2.68
+21.6% YoY
|
3.22
2.97 – 3.34
+24.2% YoY
|
4.10
3.45 – 4.80
+27.4% YoY
|
Historical Ratings (3M)
| Date | Rating | Overall | DCF | ROE | ROA | D/E | P/E | P/B |
|---|---|---|---|---|---|---|---|---|
| 2026-05-12 | B+ | 3/5 | 4/5 | 4/5 | 4/5 | 1/5 | 3/5 | 3/5 |
| 2026-05-11 | B+ | 3/5 | 4/5 | 4/5 | 4/5 | 1/5 | 3/5 | 3/5 |
| 2026-05-08 | B+ | 3/5 | 4/5 | 4/5 | 4/5 | 1/5 | 3/5 | 3/5 |
| 2026-05-07 | B+ | 3/5 | 4/5 | 4/5 | 4/5 | 1/5 | 3/5 | 3/5 |
| 2026-05-06 | B+ | 3/5 | 4/5 | 4/5 | 4/5 | 1/5 | 3/5 | 3/5 |
| 2026-05-05 | B+ | 3/5 | 4/5 | 4/5 | 4/5 | 1/5 | 3/5 | 3/5 |
| 2026-05-04 | B+ | 3/5 | 4/5 | 4/5 | 4/5 | 1/5 | 3/5 | 3/5 |
| 2026-04-30 | B+ | 3/5 | 4/5 | 4/5 | 4/5 | 1/5 | 3/5 | 3/5 |
| 2026-04-29 | B+ | 3/5 | 4/5 | 4/5 | 4/5 | 1/5 | 3/5 | 3/5 |
| 2026-04-28 | B+ | 3/5 | 4/5 | 4/5 | 4/5 | 1/5 | 3/5 | 3/5 |
| 2026-04-27 | B+ | 3/5 | 4/5 | 4/5 | 4/5 | 1/5 | 3/5 | 3/5 |
| 2026-04-24 | B+ | 3/5 | 4/5 | 4/5 | 4/5 | 1/5 | 3/5 | 3/5 |
| 2026-04-23 | B+ | 3/5 | 3/5 | 4/5 | 4/5 | 1/5 | 3/5 | 3/5 |
| 2026-04-22 | B+ | 3/5 | 4/5 | 4/5 | 4/5 | 1/5 | 3/5 | 3/5 |
| 2026-04-21 | B+ | 3/5 | 3/5 | 4/5 | 4/5 | 1/5 | 3/5 | 3/5 |
| 2026-04-20 | B+ | 3/5 | 3/5 | 4/5 | 4/5 | 1/5 | 3/5 | 3/5 |
| 2026-04-17 | B+ | 3/5 | 4/5 | 4/5 | 4/5 | 1/5 | 2/5 | 3/5 |
| 2026-04-16 | B+ | 3/5 | 4/5 | 4/5 | 4/5 | 1/5 | 2/5 | 3/5 |
Owner Earnings
Owner's Earnings (history)
From
To
Owner alignment
Owner's Earnings TTM
55.25M
OE per share TTM
5.58
Owner's Yield
10.99%
Maintenance CapEx ratio
30.54%
Maint CapEx / Avg PPE
28.4%
Ownership Overview
Ownership breakdown
Ownership breakdown not available.
At a glance
Institutional holders
—
Total invested
—
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)
No beneficial ownership filings recorded.
Institutional Activity (13F)
Institutional ownership trend
Institutional history not available.
Top institutional holders
Top holders not available.
ETF Ownership
Top ETFs holding this stock
Held by 10 ETFs in our universe
| # | ETF | Weight | Est. AUM exposure | TER |
|---|---|---|---|---|
| 1 | Amundi SDAX UCITS ETF Dist C005.DE | 0.67% | 1.19M | 0.70% |
| 2 | Avantis International Small Cap Equity ETF AVDS | 0.01% | 30.2K | 0.30% |
| 3 | Dimensional - International Small Cap ETF DFIS | 0.00% | 229.8K | 0.39% |
| 4 | Avantis Global Small Cap Value UCITS ETF AVGS.L | 0.00% | 37.7K | 0.39% |
| 5 | Dimensional International Sustainability Core 1 ETF DFSI | 0.00% | 33.4K | 0.24% |
| 6 | Dimensional - International Core Equity 2 ETF DFIC | 0.00% | 333.0K | 0.22% |
| 7 | Dimensional World ex U.S. Core Equity 2 ETF DFAX | 0.00% | 199.1K | 0.28% |
| 8 | Avantis International Small Cap Value ETF AVDV | 0.00% | 277.5K | 0.36% |
| 9 | Dimensional - International Vector Equity ETF DXIV | 0.00% | 1.5K | 0.53% |
| 10 | Dimensional - International Core Equity Market ETF DFAI | 0.00% | — | 0.18% |
Insider Activity
Insider Activity — Latest Quarter
No insider activity available.
Insider buys vs sells (history)
Insider history not available.
Recent insider transactions
No recent insider transactions.
Executive team
Top executives
EBIT / Employee
24.7K
Shares Outstanding
9.93M
Executive compensation
Executive compensation (annual)
Executive compensation not available.
CEO compensation breakdown
No CEO compensation history available.
Proxy statements
Proxy statements (DEF 14A)
No proxy statements available for this company yet.
Recent SEC filings
Recent SEC filings
No SEC filings available for this company yet.
Executive team
| Name | Title | Compensation | Gender |
|---|---|---|---|
| Alexandra Weiß | Secretary General Management & Head of Investor Relations | — | female |
| Gottfried Greschner | Founder, Chairman of the Managing Board & Chief Executive Officer | — | — |
| Jorg Munz | Chief Human Resources Officer & Member of Management Board | — | male |
| Marco Ferber | Chief Financial Officer & Member of Management Board | — | — |
| Martin Timmann | Chief Revenue Officer & Member of the Management Board | — | male |
| Matthias Kuhn | Deputy Chief Executive Officer, Chief Operating Officer & Member of the Management Board | — | male |
ESG Score History
No data available for this company.
Senate Trading Activity
No Senate trading activity found for this company.
House Trading Activity
No House trading activity found for this company.
Market share among peers
Peer comparison — filtered group (TTM)
Your opinion
Share your view on this stock and instantly see how the community has voted over the last 6 months.
Community Opinion for IXX.DE
Short-term intention
Target Price Distribution
These are community opinions and do not constitute buy or sell advice to act on. The results shown are based on aggregated opinions and are not an investment recommendation, nor do they intend to influence any investment decision.
