EN DE

Ctac N.V (CTAC) Fair Value & Analysis

Technology · NL · Market cap €43.0M

CN Ctac N.V CTAC · AS
Price€2.89
Fair Value€5.09
Upside+76.1%
Quality56/100
Watch Ctac N.V for free, get notified when fair value or trend changes. Watch for free
Expensive Growth
Thin margins · 2.9% net margin
Low debt · negative free cash flow
3.77% dividend yield
Ranks above peers (9/13)
Narrow moat 37/100
Evidence: High Range €3.40 – €6.36 Share as image

Fair value as of: Jul 17, 2026

From 17 valuation models · updated 24 days ago

Share price −3.7% over the past month.

A solid business, screening 76% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (€3.40). The market is more pessimistic than our downside scenario.
  • Solid quality (56/100) at a price below fair value, the discount is the argument here, not the business quality.
  • A fairly wide model range (€3.40 to €6.36) leaves room in how you read the outcome.
Share this valuation: 𝕏 WhatsApp

Price vs Fair Value (5 years)

€4.18 €2.48 Fair Value €5.09 Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 17, 2026.

How to read this chart

60‑month range €2.48 – €4.18 · fair‑value band €3.40 – €6.36 · the €2.89 price screens below the €5.09 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 17, 2026.

Full chart & analysis →

Which stocks are undervalued right now? Check free Discover now →

Analysis

Ctac N.V (CTAC) currently trades at €2.89, while our model-based Fair Value estimate is €5.09, implying the stock looks roughly 76.1% undervalued today. The Quality Score stands at 56/100 (solid quality), in the Technology sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Ctac N.V generated revenue of €126M at a net margin of 2.9%. Revenue grew 0.8% year over year. It earns a return on equity of 11.3%. Net debt stands at €8.8M. Fundamentals as of Jul 17, 2026

Our scenario range runs from €3.40 (bear case) to €6.36 (bull case); at €2.89, the current price sits below that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 11% below its 52-week high and 13% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -25% fair-value upside, at 76%, CTAC screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model 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. Evidence
Highest evidence
Residual Income €1.89 €2.05 €2.36 76
ROIC Compounder €2.32 €2.64 €2.97 72
Gordon GGM €0.7700 €1.28 €1.67 70
All 17 models by family
DCF Models
Owner Earnings €5.00 €6.65 €8.65 31
Earnings-Based
Graham-Dodd €1.73 €4.86 €6.40 54
Lynch FV €0.9800 €1.41 €1.83 50
PEG = 1.0 €0.9800 €1.41 €1.83 46
EPV €2.32 €2.56 €2.76 59
Dividend Discount
Gordon GGM €0.7700 €1.28 €1.67 70
DDM Multi-Stage €0.7700 €1.11 €1.38 61
Multiples
P/E Multiple €3.82 €5.09 €6.36 63
P/S Multiple €3.24 €4.32 €5.41 58
P/B Multiple €3.24 €4.32 €5.41 55
EV/EBIT €5.06 €6.63 €8.21 53
EV/EBITDA €7.45 €9.83 €12.20 54
EV/Revenue €3.51 €4.88 €6.25 43
Asset-Based
NCAV (Graham) €1.16 €1.56 €2.33 50
Economic Profit
Residual Income €1.89 €2.05 €2.36 76
ROIC Compounder €2.32 €2.64 €2.97 72
Growth Earnings
Growth-Adj P/E €3.06 €4.38 €5.69 68

Widest divergence: DCF Models (€6.65) versus Dividend Discount (€1.11). Highest evidence: Residual Income (76).

Notify me when CTAC reaches fair value

Free. You confirm by email (double opt-in) and can unsubscribe anytime in one click.

Key figures & financial health

Revenue (TTM) €126M
Revenue growth (YoY) +0.8%
Net margin 2.9%
Return on equity 11.3%
Free cash flow −€211K FY2025
P/E ratio 12.0
More key figures
Operating margin 4.7%
EPS (TTM) €0.2500
Dividend yield 3.6%
EPS growth (YoY) -21.0%
Net debt €8.8M FY2025

Figures from reported company fundamentals · as of Jul 17, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 56/100

Of which business quality 53 · Market factors (momentum, volatility) 50

Profitability 49
Margins and returns on capital today
Quality Growth 40
Are margins and returns improving?
Cashflow 8
Earnings quality: real cash, not paper profit
Fin. Strength 73
Balance sheet, leverage, solvency risk
Investment 94
Disciplined investing over empire-building
Low Volatility 87
Calm price path (market factor)
Momentum 35
Price trend over the last 3–12 months (market factor)
52W Momentum 35
Distance to the 52-week high (market factor)
Net Issuance 78
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

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.

Full company description

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. 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.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

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.

Growth Quality 43/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
€126M
Latest YoY
+1.1%
Avg. growth/yr (3Y) 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.
+2.2%
Avg. growth/yr (5Y) 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.
+7.6%
Avg. growth/yr (23Y) 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.
+9.1%
Revenue +4.3%/yr
FY21 €106M
FY22 €118M
FY23 €127M
FY24 €124M
FY25 €126M
Net income −5.2%/yr
FY21 €4.5M
FY22 €4.7M
FY23 €951K
FY24 €3.9M
FY25 €3.6M
Character of growth · EPS growth decomposed (2014-2025) +1.7 % p.a.
Revenue per share +3.3 pp

of which total revenue +4.4 pp · buybacks/dilution −1.1 pp

EBIT margin +1.5 pp
Tax rate −2.4 pp
Residual (interest, one-offs) −0.7 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

Watch CTAC: get an alert when its fair value changes →

Share or link this analysis
For bloggers & editors: embed code + live data

For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.

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

Peer Group

Information Technology Services · 476 stocks

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.

Quality Score 56 · Below median
Fair Value upside +76% · Top 25%
Return on equity (TTM) 11% · Above median
Return on assets 4% · Above median
Net margin (TTM) 3% · Below median
Operating margin (TTM) 5% · Below median
Revenue growth 1% · Below median
Dividend yield (TTM) 3.8% · Above median

Valuation Multiples vs Information Technology Services median · lower = cheaper

P/E (TTM) 12.2× · Cheaper than 75% of peers
P/B 1.51× · Cheaper than median
P/S (TTM) 0.40× · Cheaper than median
EV/EBITDA 6.9× · Cheaper than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 100 · sector 21
FUTURE 4 · sector 30
PAST 45 · sector 36
HEALTH 100 · sector 97
DIVIDEND 75 · sector 37

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

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Information Technology Services stocks, each showing price versus our Fair Value estimate (as of Jul 17, 2026).

Stock Price Fair Value vs Fair Value
International Business Machines Corporation IBM $235.92 $143.90 -39%
Accenture plc ACNN 2,460 MXN 250.95 MXN -90%
Infosys Limited INFY ₹1,156 ₹1,457 +26%
HCL Technologies Limited HCLTECH ₹1,204 ₹1,230 +2%
Wipro Limited WIPRO ₹178.43 ₹226.81 +27%
Tech Mahindra Limited TECHM ₹1,455 ₹1,086 -25%
Samsung SDS Co 018260 199,300 KRW 196,390 KRW -1%
Persistent Systems Limited PERSISTENT ₹5,059 ₹2,364 -53%
Hyundai Autoever Corporation 307950 393,000 KRW 133,088 KRW -66%
Coforge Limited COFORGE ₹1,541 ₹702.84 -54%

Compare Ctac N.V with another stock

Price, fair value, quality and upside side by side.

Free, no sign-up

Explore undervalued stocks

More undervalued Technology stocks →

All undervalued stocks TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued Blue-Chip StocksUndervalued Small-Cap StocksUndervalued Dividend Stocks

Frequently asked questions

Is Ctac N.V (CTAC) overvalued or undervalued?
As of Jul 17, 2026, our model estimates a fair value of €5.09 versus a price of €2.89, about +76% (undervalued).
What is the fair value of CTAC?
Our model-based fair value for Ctac N.V is €5.09 (as of Jul 17, 2026), built from audited fundamentals. The current price is €2.89.
What is the quality score of CTAC?
Ctac N.V has a Quality Score of 56/100. 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 revenue of Ctac N.V (CTAC)?
Ctac N.V reported trailing-twelve-month revenue of about €126M (latest available figure, as of Jul 17, 2026).
What is the net profit margin of CTAC?
The net profit margin of Ctac N.V is about 2.9%, meaning it keeps roughly 2.9% of revenue as net income. Based on the latest reported figures.
Does Ctac N.V pay a dividend?
Ctac N.V currently shows a dividend yield of about 3.59% relative to its recent price (as of Jul 17, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

14 days Pro free · no card

Track Ctac N.V and try Pro for 14 days

One email gets you 14 days of full Pro (review alerts, the 35,000+ stock screener, the diversification check) plus the monthly Top-25 report of the most undervalued quality stocks. No card, cancel anytime.

Zero risk: nothing is ever charged. After 14 days you decide whether to stay.