Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
DCF Valuation
Base-case fair value
€33.87
Intrinsic €45.16 · 25% MOS
Base-case summary
Our base-case DCF for init innovation in traffic systems SE (IXX.XETR) projects 10 years of free cash flow growth at 9.1% for years 1–5 and 4.6% for years 6–10, anchored to 9.1% historical FCF growth, then applies a 2.5% perpetual growth rate and a 8.0% discount rate. Starting from €19M in trailing free cash flow, this produces an intrinsic value of €45.16 per share. A 25% safety margin gives a fair value of €33.87.
See 3 scenarios side by side
Conservative, Base, and Optimistic fair values, plus the sensitivity matrix and FCF history. Free account.
Model inputs
TTM Free Cash Flow
€19M
Cash & equivalents
€25M
Total debt
€85M
Shares outstanding
10M