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Data-driven stock valuation

Ctac N.V (CTAC) fair value: what the stock is really worth

As of Nov 6, 2026: fair value (intrinsic value) of Ctac N.V stock €5.51, price €2.71, upside +103.3%, quality 55 out of 100. Rating: strongly undervalued. Calculated from audited financials with 17 of our 26 valuation models and 37 quality factors, updated daily.

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Technology NL · ISIN NL0000345577

CN Ctac N.V logo Broad data Nov 9, 2026

Ctac N.V

CTAC · AS
Undervalued, but in a downtrend

The stock costs 51% less than our calculation considers fair.

Fair value €5.51 · Strongly undervalued
Low debt
Generates free cash flow over the last twelve months
Ranks above peers (8/13)
Broad data
Even on cautious assumptions the value is 34% above the price (€3.64).
Quality 55/100
Expensive Growth (revenue 5y +7.6 %/yr in EUR)
Thin margins · 1.8% net margin (TTM)
4.1% dividend yield · Watch coverage
Narrow moat 31/100 · thin data
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What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

€4.11 €2.48 Fair Value €5.51 Jul 2021 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 9, 2026.

How to read this chart

60‑month range €2.48 – €4.11 · fair‑value band €3.64 – €7.75 · the €2.71 price screens below the €5.51 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. As of Nov 9, 2026.

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Company profile

Ctac N.V. provides IT and business consulting services in the Netherlands and Belgium. The company is engaged in the development, implementation, and maintenance of industry-specific solutions, primarily based on software provided by SAP and Microsoft.

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It offers unified commerce connect to all channels and data in one central environment; inriver PIM to collect, enrich, and send product data easily and quickly; return management solutions; and cyber security solutions for systems and data safety.

In addition, the company provides intercompany ERP, such as SAPS/4HANA Cloud, a scalable and modular ERP platform for SMEs and large enterprises powered by AI and analytics; cloud strategie that provides a cloud infrastructure foundation for organizations; and WMS streamline, a solution to simplify and improve warehouse activities with SAP EWM. Additionally, it offers applications and solutions, such as sustainable development goals and work anytime online within secure business environment.

Further, the company offers applications and services for the public sector; and data, consultancy, and advising services for the real estate sector. It primarily servers retail, manufacturing, government, wholesale, professional services, and property sectors.

The company was founded in 1992 and is based in 's-Hertogenbosch, the Netherlands.

Stock analysis

Ctac N.V (CTAC) currently trades at €2.71, while our model-based Fair Value estimate is €5.51, implying the stock looks roughly 51% undervalued today.

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Valuation

Bull case: the Growth Earnings group reads highest at a median of €5.96 per share, and 11 of the 17 models we run sit above the €2.71 price.

Bear case: the Dividend Discount group reads lowest at €2.08, and 6 of the 17 models stay below the price. Data coverage for this calculation is high.

Scenario range: €3.64 (bear) to €7.75 (bull), the price of €2.71 sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.

Quality & growth

The Quality Score stands at 55/100 (solid quality), in the Technology sector.

Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.

Ctac N.V reported revenue of €126M in FY2025 versus €106M in FY2021, a compound +4.3%/yr. Reported net income was €3.6M in FY2025, compounding −5.2%/yr from FY2021.

Key figures

Market cap €38.3M Micro · P/E ratio 10.8 · P/S ratio 0.32 · EPS (TTM) €0.2500 · Dividend yield 4.1% · Net margin 1.8% · Return on equity 7.1% · Return on assets (EBIT) 7.9% (5-year average).

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 31 out of 100 (low confidence).

What moves the price

The share trades about 16% below its 52-week high and 8% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Technology peers we cover trades at 20% fair-value upside, at 103%, CTAC screens cheaper than that median.

Fair Value models

Bear €3.64 Fair Value €5.51 Bull €7.75
Price €2.71 · Upside +103.3%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (€0.1201 per share) are deliberately not added. Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds. Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Best data coverage
Owner Earnings €3.64 €5.51 €8.48 76
Residual Income €2.15 €2.49 €3.34 76
EPV €3.17 €3.69 €4.15 74
All 17 models by family
DCF Models
Owner Earnings €3.64 €5.51 €8.48 76
Earnings-Based
Graham-Dodd €1.73 €4.86 €6.40 65
Lynch FV €0.9800 €1.41 €1.83 61
PEG = 1.0 €0.9800 €1.41 €1.83 57
EPV €3.17 €3.69 €4.15 74
Dividend Discount
Gordon GGM €1.08 €2.40 €4.14 65
DDM Multi-Stage €1.08 €1.75 €2.49 66
Multiples
P/E Multiple €5.34 €7.12 €8.90 63
P/S Multiple €3.24 €4.32 €5.41 58
P/B Multiple €2.27 €3.03 €3.78 55
EV/EBIT €5.69 €7.79 €9.90 66
EV/EBITDA €9.25 €12.54 €15.83 67
EV/Revenue €2.57 €3.94 €5.30 53
Asset-Based
NCAV (Graham) €0.2500 €0.3400 €0.5000 54
Economic Profit
Residual Income €2.15 €2.49 €3.34 76
ROIC Compounder €3.33 €4.19 €5.25 72
Growth Earnings
Growth-Adj P/E €4.17 €5.96 €7.75 67

Open the full fair value analysis →

Quality Score breakdown

Overall quality 55/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 49
How much profit the company makes from its sales and capital
Quality Growth 40
Are margins and returns getting better?
Cashflow 8
Do the profits arrive as real cash?
Financial strength 72
Debt, balance sheet and risk of trouble
Investment 94
Does it invest with discipline instead of growing at any price?
Low Volatility 77
How calm the share price moves, does not count
Price momentum 26
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 21
Distance to the 52-week high, does not count
New shares 81
Buys back shares or issues new ones?

Open the full quality analysis →

Revenue & earnings trend

Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card. 43/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+1.1%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+2.2%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+7.6%
Start year 2020 (pandemic). Over 10 years: +3.9% a year
Revenue growth 23 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+9.1%
What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
+6.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year+2.6%
Dividend (yield on the price)4.1%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.2.6% vs 3.3%, steady
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.5% → 4%
Pace: the 5-year rate starts in 2020 (pandemic)

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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Information Technology Services · 479 stocks

Beats the industry median on 7/12 measures
A mixed picture versus its industry peers.
Valuation
Quality Score 55 · Below median
Fair Value upside +103.3% · Top 25%
Profitability
Return on equity (12 months) 7.1% · Below median
Return on assets 5.2% · Above median
Net margin (12 months) 1.8% · Below median
Operating margin (12 months) 0.4% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY) −7.3% · Bottom 25%
Dividend yield (12 months) 4.1% · Above median

Valuation Multiplesvs Information Technology Services median · lower = cheaper

P/E (12 months) 10.8× · Cheapest 25%
P/B 1.17× · Cheapest 25%
P/S (12 months) 0.32× · Cheapest 25%
EV/EBITDA 6.9× · Cheaper than median

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)100 · sector 41
FUTURE (revenue growth)0 · sector 32
PAST (return on equity)28 · sector 36
HEALTH (low debt)100 · sector 98
DIVIDEND (yield)81 · sector 40

Context: sector, industry, market

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Information Technology Services stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
Cognizant Technology Solutions Corporation CTSH $64.72 $139.68 +116% vs CTAC
Wipro Limited WIPRO ₹198.00 ₹287.86 +45% vs CTAC
Infosys Limited INFY ₹1,181 ₹1,655 +40% vs CTAC
Accenture plc ACN $260.50 $332.90 +28% vs CTAC
Tata Consultancy Services Limited TCS ₹2,499 ₹2,993 +20% vs CTAC
HCL Technologies Limited HCLTECH ₹1,440 ₹1,602 +11% vs CTAC
Amadeus IT Group AMS €60.52 €66.57 +10% vs CTAC
CDW Corporation CDW $157.00 $165.54 +5% vs CTAC
Broadridge Financial Solutions, Inc BR $190.40 $161.18 −15% vs CTAC
International Business Machines Corporation IBM $245.00 $185.39 −24% vs CTAC

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Cite: Fair Value Calculator (2026). "Ctac N.V Fair Value". https://www.fairvalue-calculator.com/stock/CTAC

Frequently asked questions

Is Ctac N.V (CTAC) overvalued or undervalued?
As of Nov 9, 2026, our model estimates a fair value of €5.51 versus a price of €2.71, about +103% upside (undervalued).
What is the fair value of CTAC?
Our model-based fair value for Ctac N.V is €5.51 (as of Nov 9, 2026), built from audited fundamentals. The current price: €2.71.
What is the quality score of CTAC?
Ctac N.V has a Quality Score of 55/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Ctac N.V (CTAC)?
Our model-based price target is the fair value of €5.51 (as of Nov 9, 2026) from 17 valuation models. Cautious scenario €3.64, optimistic scenario €7.75. It is a calculation from audited fundamentals, not an analyst target.
What is the Ctac N.V stock forecast for 2026?
Our models put fair value at €5.51, about +103% upside versus a price of €2.71 (undervalued). Cautious scenario €3.64, optimistic scenario €7.75. The calculation is refreshed regularly with new filings.
What is the revenue of Ctac N.V (CTAC)?
Ctac N.V reported trailing-twelve-month revenue of about €121M (latest available figure, as of Nov 9, 2026).
Does Ctac N.V pay a dividend?
Ctac N.V currently shows a dividend yield of 4.06% relative to its recent price (as of Nov 9, 2026).
How much is the dividend of Ctac N.V (CTAC) and when is the ex-dividend date?
Ctac N.V pays a dividend of €0.11 per share a year, a dividend yield of 4.1%. The last ex-dividend date was Apr 17, 2026. A dividend has been paid every year since 2016. The payout ratio is 44.0% of earnings. Our assessment: Watch coverage. The dividend isn’t fully covered by free cash flow or earnings, part of it is funded from reserves or debt. Fine for now, but worth watching: if it stays uncovered, the dividend could be cut.
What is the intrinsic value of Ctac N.V (CTAC)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Ctac N.V it is €5.51 per share (as of Nov 9, 2026), against a price of €2.71. It is the blended result of 17 valuation models in 7 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings).
Is Ctac N.V stock overvalued or undervalued in 2026?
As of Nov 9, 2026, CTAC trades below its calculated fair value: price €2.71, fair value €5.51, a gap of about +103% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of CTAC?
No. The price is what the market pays today (€2.71); the fair value is what the company's own numbers justify (€5.51). For Ctac N.V the two are €2.80 per share apart. That gap is exactly why we show both numbers side by side.
How much is Ctac N.V worth?
The market values Ctac N.V at about €38.3M (market capitalisation, as of Nov 9, 2026). Per share that is €2.71; our models calculate a fair value of €5.51 per share.
What do the bullish and bearish scenarios say about CTAC?
Our models span a range for Ctac N.V: cautious scenario €3.64, base €5.51, optimistic €7.75 per share (as of Nov 9, 2026, price €2.71). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of CTAC?
Ctac N.V trades at a price-to-earnings ratio of 10.8 (as of Nov 9, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of €5.51 is built from several models across several years. Median P/E at fiscal year-end, 7 fiscal years (2019 to 2025), reported earnings, FY2025 ex one-offs: 12.8. Other multiples: P/B 1.2, P/S 0.3, EV/EBITDA 6.9.
How solid is the balance sheet of Ctac N.V (CTAC)?
Balance-sheet figures for Ctac N.V (as of Nov 9, 2026): return on equity 7.1%. They feed the Quality Score of 55/100, which measures business quality independently of the share price.
How far is CTAC from its 52-week high?
Ctac N.V trades at €2.71, about 16% below its 52-week high of €3.22 and 8% above the low of €2.52 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of €5.51 is for.
Which stocks are comparable to Ctac N.V?
From the same area (Technology) we also value International Business Machines Corporation, Accenture plc, Tata Consultancy Services Limited, Infosys Limited, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Ctac N.V stock attractive at the current price?
The data as of Nov 9, 2026: price €2.71, calculated fair value €5.51 (+103%), Quality Score 55/100, from 17 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of CTAC calculated?
We run Ctac N.V through 17 models from 7 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of €5.51 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.3% above its aggregate fair value. Ctac N.V currently trades 51% below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Ctac N.V (CTAC)?
The closing price on Nov 6, 2026 was €2.71. Our model-based fair value is €5.51, about +103% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Ctac N.V right now?
The price is below even our cautious bear case (€3.64). The market is more pessimistic than our downside scenario. Solid quality (55/100) at a price below fair value, the discount is the argument here, not the business quality. A fairly wide model range (€3.64 to €7.75) leaves room in how you read the outcome.
Where does the earnings growth of Ctac N.V (CTAC) come from?
Earnings per share at Ctac N.V grew +1.7 % a year from 2014 to 2025. Broken into its drivers: revenue per share +3.3 %, EBIT margin +1.5 %, tax rate −2.4 %, residual (interest, one-offs) −0.6 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.

Key figures of Ctac N.V

How large is the market capitalisation of Ctac N.V (CTAC)?
The market capitalisation of Ctac N.V is €38.3M. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Ctac N.V (CTAC)?
The price-to-sales ratio of Ctac N.V is 0.32 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Ctac N.V (CTAC)?
Earnings per share at Ctac N.V are €0.2500 (price ÷ EPS = P/E 10.8). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Ctac N.V (CTAC)?
The dividend yield of Ctac N.V is 4.1% (payout 44.0%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Ctac N.V (CTAC)?
The net margin of Ctac N.V is 1.8% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Ctac N.V (CTAC)?
The return on equity (ROE) of Ctac N.V is 7.1% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Ctac N.V (CTAC)?
On an EBIT basis the return on assets of Ctac N.V is 7.9% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Ctac N.V (CTAC)?
The operating margin of Ctac N.V is 0.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Ctac N.V (CTAC)?
Revenue at Ctac N.V is growing −7.3% versus a year earlier (3y avg +2.2%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much free cash flow does Ctac N.V (CTAC) generate?
The free cash flow of Ctac N.V is −€211K (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Ctac N.V (CTAC) carry?
The net debt of Ctac N.V is €8.8M (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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