TXT e-solutions (TXT)

Business description

TXT e-solutions operates through TXT Next, which provides IT, consulting and R&D services to aerospace, aviation, banking and finance customers.

Stock data

Market cap.€122.3m
Last close€9.41
High / Low (52 weeks)€13.0 / €7.5
Stock market listingMI
Forecast net cash (€m)86.9
Forecast gearing ratio (%)N/A

Price performance

Relative *(8.6)(16.9)1.1

* % Relative to local index

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Company news

TXT e-solutions SpA (BIT:TXT): Investors Poring into The Details on the Shares ...

Fri, 15 Dec 2017 16:52:30 GMT

TXT e-solutions SpA (TXT) Increases 0.423% on Dec 15

Fri, 15 Dec 2017 14:03:39 GMT

TXT e-solutions SpA (TXT) Soars 0.43% on Dec 13

Wed, 13 Dec 2017 16:07:30 GMT

TXT e-solutions SpA (TXT) Declines -2.7% on Nov 18

Sat, 18 Nov 2017 09:37:16 GMT

TXT e-solutions SpA (TXT) Rises 0.8% on Dec 14

Thu, 14 Dec 2017 15:00:00 GMT

Y/E Dec Revenue (€m) EBITDA (€m) PBT (€m) EPS (c) P/E (x) P/CF (x)
2015A 61.5 6.7 5.7 41.0 22.9 45.6
2016A 33.1 4.3 4.0 27.0 34.8 10.3
2017E 35.5 3.5 3.1 19.0 49.5 19.8
2018E 38.5 3.7 3.5 22.0 42.8 34.9

Last updated on 06/12/2017

Investment summary

TXT has reported its first set of results showing TXT Next as a standalone business. We have revised our forecasts to reflect the new structure of the group. The group is now focused on growing the TXT Next business organically and through targeted acquisitions of niche software solution and specialised engineering service providers in the aerospace and aviation market. Of the €85m proceeds from selling TXT Retail, we expect the company to retain funds for acquisition as well as paying a special dividend next year.

Last updated on 13/12/2017

Industry outlook

TXT Next is a beneficiary of the trend to outsource IT, which gives the customer greater flexibility on cost and better access to specialist skills. Its main focus is on the aerospace and aviation market, where the rapid pace of innovation, combined with increasing regulation, drives growth in R&D. It also serves the Italian banking market, where the emergence of fintech companies is driving innovation and regulation is increasing the need for software quality assurance.

Last updated on 13/12/2017

Key management

Alvise Braga Illa, Chairman
Marco Guida, CEO
Paolo Matarazzo , CFO

Company address

Via Frigia, 27
20126 Milano
+39 02 257711
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