IVU Traffic Technologies AG

IVU.DE

Software - Application · Technology

Also trades as: 0NCA.L

Price

€24.50

+0.10 (+0.41%)

Market Cap

€425.3M

Exchange

Frankfurt Stock Exchange

Winston Score

Winston is curious

Mixed quality — meaningful strengths and weaknesses.

Data as of Aug 10, 2026 · filings through Mar 31, 2026

Share count falling — buybacks

−2.0% over 4y

The company has reduced its share count over this period, returning value to shareholders through buybacks.

Diluted shares outstanding: 17.7M (2021) → 17.4M (2025)

IVU Traffic Technologies AG is a German software company that builds planning and operations software for public transport. Its tools help bus and train operators figure out schedules, assign drivers, and track vehicles in real time. The company sells mainly to large public transit authorities and transport operators across Europe.

IVU makes money by selling software licenses and long-term service contracts, which create recurring revenue once a customer is signed up. It operates primarily in Germany and other European markets, with some projects in Latin America and the Middle East. Switching costs are high because transit operators deeply integrate IVU's software into their daily operations, making it hard to change providers. The main growth driver is the ongoing push by European governments to expand and modernize public transport networks, though the company's small size means it competes against larger enterprise software vendors and faces risk if public transit budgets are cut.

Winston Score History

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+13.0% YoY

YoY Growth Rate

Steady revenue growth

EPS Growth

+603.4% YoY

YoY Growth Rate

EPS growth accelerating

R&D Spend

$9M/ year

↑ Rising (+14% vs prior year)

5.8% of revenue

Below sector average (15%)

R&D investment increasing — building for the future

Insider Activity

7.1%ownership

→ Flat

Insider ownership roughly steady over the past year

Cash Position

Cash flow positive

$47M cash & investments

Quarterly Free Cash Flow

↑ Burn rate improving

Company generates more cash than it spends — no dilution risk from fundraising

Growth + cash flow

IVU Traffic Technologies AG is a rare growth stock that's already generating positive cash flow while growing at 13%. The Winston Score doesn't fully credit this transition from "burner" to "earner."

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Gross Margin

16.2%

Thin — 16.2% gross margin

Operating Margin

4.4%

Thin — 4.4% operating margin

ROCE

1.6%

Weak — 1.6% return on capital

ROIC between 0% and 5%. They earn a few cents back per dollar invested in the business.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Growth

Sales YoY

+11.3%

Steady sales growth (+11.3% YoY)

EPS YoY

+17.6%

Earnings growing fast (+17.6% YoY)

Healthy double-digit earnings growth — what compounders look like.

EPS Consistency

5/8 quarters

Mixed — about half the quarters showed growth

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Cash Flow

Cash Conversion

238%

Turns 238% of profit into real cash

FCF Margin

21.1%

Converts sales into free cash efficiently (21.1%)

Free cash flow margin above 20%. Out of every $100 in sales, more than $20 is real cash they keep.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Stability

Debt / Equity

N/A

Data not available

Interest Cover

24.10x

Comfortably covers interest (24.1x)

Interest coverage above 8. Profits cover interest many times over.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Valuation

P/E Ratio (TTM)

29.7x

Growth-priced — P/E 29.7

P/E above the market average. People are paying up for expected growth.

P/E vs Forward

+10.1

GROWING

Earnings expected to grow meaningfully — cheaper on forward P/E (29.7 → 19.6)

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Dividends

Dividend Yield

2.29%

Moderate income — 2.29% yield

Standard yield zone for stable dividend payers. A meaningful piece of total return.

Dividend Growth

+90.0%

Dividend growing fast (90.0% YoY)

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

🔒 See full fundamentals and if they are improving or declining — click here for your free trial now.

Start free trial