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IVU Traffic Technologies AG (IVU) Fair Value & Analysis

Technology · DE · Market cap €368M

IT IVU Traffic Technologies AG IVU · XETRA
Price€24.50
Fair Value€16.98
Upside-30.7%
Quality70/100
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Healthy Growth
Thin margins · 9.2% net margin
generates free cash flow
1.39% dividend yield
Mixed vs. peers (7/14)
Moderate moat 50/100
Evidence: High Range €12.73 – €21.22 Share as image

Fair value as of: Jul 16, 2026

From 26 valuation models · updated 25 days ago

Fair value updated Jul 16, 2026, revised from €16.94 to €16.98 (+0.2%) since Jun 24, 2026. Share price +13.4% over the past month.

A solid business, but screening 31% overvalued on our models.

What matters now

  • A high-quality business (quality 70/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety.
  • The price sits above even our optimistic bull case (€21.22). The favourable scenario is already priced in.
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Price vs Fair Value (5 years)

€24.50 €11.26 Fair Value €16.98 Jun 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 16, 2026.

How to read this chart

60‑month range €11.26 – €24.50 · fair‑value band €12.73 – €21.22 · the €24.50 price screens above the €16.98 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 16, 2026.

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Analysis

IVU Traffic Technologies AG (IVU) currently trades at €24.50, while our model-based Fair Value estimate is €16.98, implying the stock looks roughly 30.7% overvalued today. The Quality Score stands at 70/100 (solid quality), in the Technology sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, IVU Traffic Technologies AG generated revenue of €151M at a net margin of 8.8%. Revenue grew 1.7% year over year. It earns a return on equity of 14.8%. The balance sheet holds a net cash position of €24.5M. Fundamentals as of Jul 16, 2026

Our scenario range runs from €12.73 (bear case) to €21.22 (bull case); at €24.50, the current price sits above 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 near its 52-week high and 43% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at -27% fair-value upside, at -31%, IVU screens richer 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 €5.05 €5.98 €11.26 76
Growth DCF €20.22 €29.25 €41.60 72
Gordon GGM €2.19 €3.94 €5.43 70
All 26 models by family
DCF Models
FCF DCF €20.30 €30.17 €44.31 38
Owner Earnings €12.22 €17.60 €25.30 31
5Y Revenue Exit €13.70 €18.90 €25.41 39
5Y EBITDA Exit €16.18 €23.78 €32.76 41
5Y P/E Exit €16.42 €24.24 €32.67 38
10Y Revenue Exit €15.94 €21.28 €28.42 36
10Y EBITDA Exit €17.62 €24.46 €33.79 37
10Y P/E Exit €17.76 €24.76 €33.72 35
Earnings-Based
Graham-Dodd €5.25 €20.48 €27.78 54
Lynch FV €5.03 €7.19 €9.35 50
PEG = 1.0 €5.03 €7.19 €9.35 46
EPV €8.81 €9.67 €10.38 59
Dividend Discount
Gordon GGM €2.19 €3.94 €5.43 70
DDM Multi-Stage €2.19 €3.60 €4.21 61
Multiples
P/E Multiple €12.73 €16.98 €21.22 63
P/S Multiple €7.81 €10.41 €13.02 58
P/B Multiple €9.84 €13.12 €16.40 55
EV/EBIT €17.27 €22.18 €27.09 53
EV/EBITDA €14.86 €18.97 €23.07 54
EV/Revenue €9.84 €12.97 €16.09 43
Asset-Based
NCAV (Graham) €2.75 €3.68 €5.50 50
Growth DCF
Growth DCF €20.22 €29.25 €41.60 72
Rev-Margin DCF €13.70 €19.06 €25.70 67
Economic Profit
Residual Income €5.05 €5.98 €11.26 76
ROIC Compounder €9.35 €10.97 €12.82 67
Growth Earnings
Growth-Adj P/E €9.26 €13.23 €17.20 68

Widest divergence: DCF Models (€23.78) versus Dividend Discount (€3.60). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) €151M
Revenue growth (YoY) +1.7%
Net margin 8.8%
Return on equity 14.8%
Free cash flow €30.7M FY2025
P/E ratio 25.1
More key figures
Operating margin 24.7%
EPS (TTM) €0.8200
EPS growth (YoY) -0.7%
Net cash €24.5M FY2025

Figures from reported company fundamentals · as of Jul 16, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 70/100

Of which business quality 72 · Market factors (momentum, volatility) 69

Profitability 48
Margins and returns on capital today
Quality Growth 41
Are margins and returns improving?
Cashflow 90
Earnings quality: real cash, not paper profit
Fin. Strength 91
Balance sheet, leverage, solvency risk
Investment 69
Disciplined investing over empire-building
Low Volatility 70
Calm price path (market factor)
Momentum 65
Price trend over the last 3–12 months (market factor)
52W Momentum 77
Distance to the 52-week high (market factor)
Net Issuance 87
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

IVU Traffic Technologies AG, together with its subsidiaries, develops, installs, maintains, and operates integrated IT solutions for buses and trains worldwide.

Full company description

IVU Traffic Technologies AG, together with its subsidiaries, develops, installs, maintains, and operates integrated IT solutions for buses and trains worldwide. The company offers IVU.suite, which provides service and resource planning, resource dispatching, fleet management, ticketing and on-board devices, information and analytics, and controlling services. It also provides IVU.consult consulting services; IVU.solutions that offer customized IT solutions; IVU.integration, which connects peripheral systems; IVU.xpress implementation process services; IVU.cloud, which enables full technical operations management for IVU.suite; and IVU.service that provides support services. The company was founded in 1976 and is headquartered in Berlin, Germany.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

IVU Traffic Technologies AG reported revenue of €150M in FY2025 versus €104M in FY2021, a compound +9.6%/yr. Reported net income was €13.3M in FY2025, compounding +9.3%/yr from FY2021.

Growth Quality 86/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
€150M
Latest YoY
+10.8%
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.
+9.6%
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.
+10.2%
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.
+6.2%
Revenue +9.6%/yr
FY21 €104M
FY22 €114M
FY23 €122M
FY24 €135M
FY25 €150M
Net income +9.3%/yr
FY21 €9.3M
FY22 €10.1M
FY23 €11.4M
FY24 €12.0M
FY25 €13.3M
Character of growth · EPS growth decomposed (2014-2025) +12.7 % p.a.
Revenue per share +10.7 pp

of which total revenue +10.6 pp · buybacks/dilution +0.2 pp

EBIT margin +3.7 pp
Tax rate −2.7 pp
Residual (interest, one-offs) +0.9 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).

IVU screens 31% overvalued. Compare with SAP SE →

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Cite: Fair Value Calculator (2026). "IVU Traffic Technologies AG Fair Value". https://www.fairvalue-calculator.com/stock/IVU

Earlier news

External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.

Peer Group

Software - Application · 708 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 70 · Top 25%
Fair Value upside −31% · Above median
Return on equity (TTM) 16% · Top 25%
Return on assets 7% · Top 25%
Net margin (TTM) 9% · Above median
Operating margin (TTM) 4% · Below median
Revenue growth 14% · Above median
Dividend yield (TTM) 1.4% · Above median

Valuation Multiples vs Software - Application median · lower = cheaper

P/E (TTM) 26.0× · Pricier than median
P/B 4.48× · Pricier than 75% of peers
P/S (TTM) 2.74× · Pricier than median
P/FCF 13.8× · Pricier than median
EV/EBITDA 16.7× · Pricier than median
PEG 1.53× · Pricier 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 0 · sector 0
FUTURE 68 · sector 38
PAST 63 · sector 13
HEALTH 0 · sector 98
DIVIDEND 28 · sector 28

VALUE 0: the price sits above our fair-value range.

Insider activity: 40/100

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 Software - Application stocks, each showing price versus our Fair Value estimate (as of Jul 16, 2026).

Stock Price Fair Value vs Fair Value
SAP SE SAPS C$12.69 C$16.26 +28%
Shopify Inc SHOP C$173.23 C$20.54 -88%
Uber Technologies, Inc UBER $72.67 $51.11 -30%
Salesforce, Inc CRM $170.77 $182.10 +7%
ServiceNow, Inc NOW $107.71 $33.12 -69%
Cadence Design Systems, Inc CDNS $384.17 $80.41 -79%
Snowflake Inc SNOW $271.87 $34.04 -87%
Adobe Inc ADBE $230.61 $379.48 +65%
Automatic Data Processing, Inc ADP $241.92 $177.51 -27%
Intuit Inc INTU $291.09 $258.69 -11%

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Frequently asked questions

Is IVU Traffic Technologies AG (IVU) overvalued or undervalued?
As of Jul 16, 2026, our model estimates a fair value of €16.98 versus a price of €24.50, about −31% (overvalued).
What is the fair value of IVU?
Our model-based fair value for IVU Traffic Technologies AG is €16.98 (as of Jul 16, 2026), built from audited fundamentals. The current price is €24.50.
What is the quality score of IVU?
IVU Traffic Technologies AG has a Quality Score of 70/100. 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 IVU Traffic Technologies AG (IVU)?
IVU Traffic Technologies AG reported trailing-twelve-month revenue of about €151M (latest available figure, as of Jul 16, 2026).
What is the net profit margin of IVU?
The net profit margin of IVU Traffic Technologies AG is about 8.8%, meaning it keeps roughly 8.8% of revenue as net income. Based on the latest reported figures.

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.

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