Tracsis Plc (TRCS) fair value: what the stock is really worth
As of Sep 29, 2026: fair value of Tracsis Plc £2.50, price £3.25, upside -23.1%, quality 67 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 27, 2026.
How to read this chart
60‑month range £2.83 – £10.79 · the £3.25 price screens above the £2.50 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 27, 2026.
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Tracsis plc, together with its subsidiaries, engages in the provision of software, hardware, data analytics and geographic information systems, and services in the United Kingdom, Ireland, rest of Europe, Europe, North America, and internationally. The company operates in two segments, Rail Technology & Services; and Data, Analytics, Consultancy & Events.
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Tracsis plc, together with its subsidiaries, engages in the provision of software, hardware, data analytics and geographic information systems, and services in the United Kingdom, Ireland, rest of Europe, Europe, North America, and internationally. The company operates in two segments, Rail Technology & Services; and Data, Analytics, Consultancy & Events. The Rail Technology & Services segment offers timetabling, resource and rolling stock planning and optimization, real-time performance and control, service recovery, incident management, retail services, and asset management for operations; and ticketing solutions and software development of mission-critical back-office solutions. This segment also provides remote condition monitoring software and hardware solutions; and RailHub, a digital platform for schematics on demand, live work site monitoring, and digital signoffs. The Data, Analytics, Consultancy & Events offers s location-related technologies, including geographic information systems and Earth observation, as well as analytics solutions and services; transport data collection and analysis; traffic management solutions and event admission control services; and consultancy and professional services to support operational, commercial, customer service, and strategic planning activities. It serves transport operators and infrastructure providers. Tracsis plc was incorporated in 2004 and is headquartered in Leeds, the United Kingdom.
Stock analysis
Tracsis Plc (TRCS) currently trades at £3.25, while our model-based Fair Value estimate is £2.50, implying the stock looks roughly 30.0% overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of £4.99 per share, and 11 of the 26 models we run sit above the £3.25 price.
Bear case: the Dividend Discount group reads lowest at £0.2800, and 15 of the 26 models stay below the price. Evidence for this calculation is high.
Quality & growth
The Quality Score stands at 67/100 (solid quality), in the Technology sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Tracsis Plc reported revenue of £81.9M in FY2025 versus £50.2M in FY2021, a compound +13.0%/yr. Reported net income was £520K in FY2025, compounding −31.5%/yr from FY2021.
Key figures
Market cap 100M GBX · P/E ratio 108.3 · P/S ratio 0.69 · EPS (TTM) £0.0300 · Dividend yield 0.8% · Net margin 0.6% · Return on equity 1.5% · Return on assets (EBIT) 4.3%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 47 out of 100 (low confidence).
What moves the price
The share trades about 23% below its 52-week high and 15% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at −7% fair-value upside, at −23%, TRCS screens richer than that median.
Fair Value models
Bear £2.50Fair Value £2.50Bull £2.50
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 12 months old). Earnings retained since then (£0.0030 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.Evidence ⓘEvidence = 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.
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.84/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
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.
+6.0%
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.
+11.3%
Start year 2020 (pandemic). Over 10 years: +13.5% a year
Revenue growth 20 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.
+34.6%
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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.
−28.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year−29.5%
Dividend (yield on the price)0.8%
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.−29.5% vs −18.1%, slowing
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.19% → 4%
Start year 2020 (pandemic)
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far and less than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
−2.9%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+3.1%
Yearly sales growth analysts expect, extended to five years.
After inflation (UK: IMF forecast 2.3% a year to 2030, 3.3% from 2016 to 2025) that is about −5.1% a year for the price and +0.7% for the forecasts.
Price, fair value, quality and upside side by side.
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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.Software - Application · 694 stocks
Beats the industry median on 7/15 measures
A mixed picture versus its industry peers.
Valuation
Quality Score67 · Top 25%
Fair Value upside−23.1% · Below median
Profitability
Return on equity (TTM)1.5% · Below median
Return on assets1.3% · Below median
Net margin (TTM)1.2% · Below median
Operating margin (TTM)−0.2% · Below median
Growth and dividend
Revenue growth7.2% · Below median
Dividend yield (TTM)0.8% · Below median
Balance sheet
Debt / equity0.00× · Below median
Valuation Multiplesvs Software - Application median · lower = cheaper
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). "Tracsis Plc Fair Value". https://www.fairvalue-calculator.com/stock/TRCS
Frequently asked questions
Is Tracsis Plc (TRCS) overvalued or undervalued?
As of Sep 27, 2026, our model estimates a fair value of £2.50 versus a price of £3.25, about −23% upside (overvalued).
What is the fair value of TRCS?
Our model-based fair value for Tracsis Plc is £2.50 (as of Sep 27, 2026), built from audited fundamentals. The current price: £3.25.
What is the quality score of TRCS?
Tracsis Plc has a Quality Score of 67/100. 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 Tracsis Plc (TRCS)?
Our model-based price target is the fair value of £2.50 (as of Sep 27, 2026) from 26 valuation models. It is a calculation from audited fundamentals, not an analyst target.
What is the Tracsis Plc stock forecast for 2026?
Our models put fair value at £2.50, about −23% upside versus a price of £3.25 (overvalued). The calculation is refreshed regularly with new filings.
What is the revenue of Tracsis Plc (TRCS)?
Tracsis Plc reported trailing-twelve-month revenue of about £84.5M (latest available figure, as of Sep 27, 2026).
Does Tracsis Plc pay a dividend?
Tracsis Plc currently shows a dividend yield of about 0.83% relative to its recent price (as of Sep 27, 2026).
What growth is priced into Tracsis Plc (TRCS)?
For today's price to be fair in a discounted-cash-flow model, Tracsis Plc would have to grow free cash flow by -2.9 % per year for five years (discount rate 12.1 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +11.3 % per year. As of Sep 27, 2026.
What discount rate (WACC) does the fair value of TRCS use?
Our models discount Tracsis Plc at 12.1 %: a base by market capitalisation (micro), damped by beta 0.63, country premium for United Kingdom. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Tracsis Plc that is -2.9 % per year a year over ten years, using the same discount rate (12.1 %) and the same formula as our fair value.
How much growth has Tracsis Plc (TRCS) delivered so far?
Over the past 5 years revenue at Tracsis Plc grew +11.3 % a year. The price currently implies -2.9 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Tracsis Plc (TRCS) growing?
The median revenue growth in the sector is +8.8 % a year. That is the yardstick for the growth priced into Tracsis Plc (-2.9 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Tracsis Plc (TRCS)?
The free-cash-flow yield on the price is 9.82 %: that much free cash flow Tracsis Plc produces per unit of market value. When it exceeds the discount rate of our models (12.1 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Tracsis Plc (TRCS)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Tracsis Plc it is £2.50 per share (as of Sep 27, 2026), against a price of £3.25. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is Tracsis Plc stock overvalued or undervalued in 2026?
As of Sep 27, 2026, TRCS trades above its calculated fair value: price £3.25, fair value £2.50, a gap of about −23% (overvalued). 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 TRCS?
No. The price is what the market pays today (£3.25); the fair value is what the company's own numbers justify (£2.50). For Tracsis Plc the two are £0.7500 per share apart. That gap is exactly why we show both numbers side by side.
How much is Tracsis Plc worth?
The market values Tracsis Plc at about 100M GBX (market capitalisation, as of Sep 27, 2026). Per share that is £3.25; our models calculate a fair value of £2.50 per share.
What is the P/E ratio of TRCS?
Tracsis Plc trades at a price-to-earnings ratio of 108.3 (as of Sep 27, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of £2.50 is built from several models across several years. Other multiples: PEG 0.4, P/B 1.5, P/S 1.2, EV/EBITDA 11.4.
What is the PEG ratio of TRCS?
The PEG ratio of Tracsis Plc is 0.36 (P/E divided by earnings growth, as of Sep 27, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of Tracsis Plc (TRCS)?
Balance-sheet figures for Tracsis Plc (as of Sep 27, 2026): return on equity 1.5%, debt of 0.00 per unit of equity. They feed the Quality Score of 67/100, which measures business quality independently of the share price.
How far is TRCS from its 52-week high?
Tracsis Plc trades at £3.25, about 23% below its 52-week high of £4.24 and 15% above the low of £2.83 (as of Sep 29, 2026). Distance from the high says nothing about value: that is what the fair value of £2.50 is for.
Which stocks are comparable to Tracsis Plc?
From the same area (Technology) we also value SAP SE, Salesforce, Inc, Shopify Inc, ServiceNow, Inc, 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 Tracsis Plc stock attractive at the current price?
The data as of Sep 27, 2026: price £3.25, calculated fair value £2.50 (−23%), Quality Score 67/100, from 26 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 TRCS calculated?
We run Tracsis Plc through 26 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of £2.50, 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 15.9 % above its aggregate fair value. Tracsis Plc itself currently trades above fair value. 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 Tracsis Plc (TRCS)?
The closing price on Sep 29, 2026 was £3.25. Our model-based fair value is £2.50, about −23% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Tracsis Plc right now?
The price sits above even our optimistic bull case (£2.50). The favourable scenario is already priced in. Solid but not exceptional quality (67/100) and above fair value, neither a clear bargain nor a standout compounder.
Where does the earnings growth of Tracsis Plc (TRCS) come from?
Earnings per share at Tracsis Plc grew −4.4 % a year from 2014 to 2025. Broken into its drivers: revenue per share +12.5 %, EBIT margin −12.9 %, tax rate −0.5 %, residual (interest, one-offs) −1.8 %. 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 Tracsis Plc
How large is the market capitalisation of Tracsis Plc (TRCS)?
The market capitalisation of Tracsis Plc is 100M GBX. 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 Tracsis Plc (TRCS)?
The price-to-sales ratio of Tracsis Plc is 0.69 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Tracsis Plc (TRCS)?
Earnings per share at Tracsis Plc are £0.0300 (price ÷ EPS = P/E 108.3). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Tracsis Plc (TRCS)?
The dividend yield of Tracsis Plc is 0.8% (payout 90.0%). 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 Tracsis Plc (TRCS)?
The net margin of Tracsis Plc is 0.6% (fiscal year 2025). 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 Tracsis Plc (TRCS)?
The return on equity (ROE) of Tracsis Plc is 1.5% (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 Tracsis Plc (TRCS)?
On an EBIT basis the return on assets of Tracsis Plc is 4.3% (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 Tracsis Plc (TRCS)?
The operating margin of Tracsis Plc is −0.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Tracsis Plc (TRCS)?
Revenue at Tracsis Plc is growing +7.2% versus a year earlier (3y avg +6.0%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Tracsis Plc (TRCS)?
Earnings per share at Tracsis Plc are growing +0.3% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Tracsis Plc (TRCS) hold?
Tracsis Plc holds more cash than debt, 20.7M GBX net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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