Search Follow us

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.€126.2m
Last close€9.70
High / Low (52 weeks)€13.5 / €9.0
Stock market listingMI
Forecast net cash (€m)71.9
Forecast gearing ratio (%)N/A

Price performance

Relative *(0.4)(11.7)(7.3)

* % Relative to local index

Other companies in sector Show

1Spatial 7digital Group
accesso Technology Group ADVA Optical Networking
Advanced Computer Software Group Advanced Micro Devices
AIXTRON Aladdin Blockchain Technologies
Algomizer All for One Steeb AG
Allocate Software Allot Communications
Alpha and Omega Semiconductor Alphapoint Technology Inc
Amazon Amino Technologies
ANADIGICS appScatter
Arria NLG artec technologies
AsiaCell AT&S Austria Technologie & Systemtechnik
Beta Systems Blancco Technology Group
blinkx Blue Prism
blur Group Boku
Brady Bulletproof Group
Carclo Catapult Group International
Celltick Technologies CENIT
CentralNic Cerillion
CityFibre Infrastructure Holdings Claranova
Cliq Digital CML Microsystems
CoAssets Comptel
Covata Craneware
Cypress Semiconductor DATAGROUP
DDD Group Dillistone Group
door2door dotDigital
DSP Group e2v technologies
Eagle Eye Eckoh
Elmos Semiconductor EMIS Group
Emulex Endace
EnWave Corporation Epipoli
eServGlobal Esker
Evolving Systems EVR Holdings PLC
Expert System Facebook
Featurespace FFastFill
FinTech Group First Derivatives
First Sensor Focus Solutions Group
Foresight Autonomous Holdings Forward Industries
FreeAgent Freelancer
Fusionex International Gamma Communications
GB Group GBST Holdings
GeoOp GetBusy
GFT Globo
GO internet GVC Holdings
Himax Technologies Hrvatski Telekom
ifa systems ikeGPS Group
Infinera Inmarsat
Innovation Group InVision
IQE IS Solutions
Jenoptik K3 Business Technology
Kainos Kalibrate Technologies
Kape Technologies Keywords Studios
Learning Technologies Group LRAD Corporation
Magix Manpower Software
Manx Telecom Manz
Max 21 Maxima Holdings
Medicsight Mensch & Maschine Software
Mercia Technologies Mercia Technologies
Micro Focus International Micron Technology
Migme Mobile ecosystems
Monitise Montage Technology
Morse mVISE
My Net Fone Mynaric
Nano Dimension Nanoco Group
nearmap Nemetschek
Netcall NetCents
NetDimensions Netflix
Nexus Management O2Micro International
OMG OmniVision Technologies
Orion Health Group Osirium Technologies
Outsourcery Panorama Synergy
Pantaflix Patsystems
Paysafe Group Pebble Beach Systems Group
Pericom Semiconductor Phitek
Piteco PLX Technology
Pointer Telocation Pricer
Prodware PSI
Pure Wafer QSC
Quartix Holdings Real Estate Investar Group
REALTECH Redflex Holdings
Redstone Reed Elsevier
Reply SpA
Rex Bionics Rheinmetall
SCISYS Secunet
Seeing Machines Sepura
Serko Seven Principles
Siemens Sigma Designs
Silicom Silicon Image
SimiGon SinnerSchrader
SITO Mobile SLI Systems
Smartpay Holdings SNP Schneider-Neureither & Partner
Software AG Solera
Solutions 30 Spansion
Spirent Communications SQS Software Quality Systems AG
Stadium Group StatPro Group
STEMMER IMAGING Store Electronic Systems
Straker Translations SuperCom
Synchronica Taptica
Technology sector TerraNet
Texas Instruments The NAGA Group
Thin Film Electronics Thoughtonomy
Tikit Group Toumaz
Track Group TZ Limited
Ubisense Group UMT United Mobility Technology
United Power Technology VASCO Data Security
Vectron Systems Virtual Piggy
Vista Group International Vitec
Vizrt VMob Group
WANdisco Webinar
Wincor Nixdorf WorkPlace Systems International
XP Power Xploite
Xplore Technologies Corp YuuZoo

Company news

BRIEF-E-Business Consulting Sells 25.62% Shareholding In TXT E-Solutions

Fri, 23 Feb 2018 07:07:30 GMT

BRIEF-TXT e-solutions signs deal to sell TXT Retail to Aptos

Mon, 24 Jul 2017 06:01:46 GMT

BRIEF-Laserline Top Shareholder Wants To Join TXT e-Solutions Board, Management

Wed, 28 Feb 2018 07:08:47 GMT

BRIEF-TXT e solutions Q1 Revenue At EUR 9.4 million, Up 4.5 Pct YoY

Fri, 20 Apr 2018 06:00:00 GMT

GiFi optimizes Merchandise Financial Planning with TXT Retail, an Aptos Company

Wed, 16 May 2018 13:07:30 GMT

Y/E Dec Revenue (€m) EBITDA (€m) PBT (€m) EPS (fd) (c) P/E (x) P/CF (x)
2016A 33.1 4.3 4.0 27.1 35.8 10.6
2017A 35.9 3.5 3.0 18.6 52.2 953.7
2018E 39.9 4.3 3.2 21.5 45.1 28.2
2019E 44.9 5.6 4.4 26.7 36.3 24.6

Last updated on 06/08/2018

Investment summary

TXT reported H118 revenue growth of 6% y-o-y; investments in R&D and sales and marketing ahead of this growth rate resulted in margin pressure in H118. TXT has completed the acquisition of a majority stake in Cheleo and we have factored this into our forecasts from 1 August. The combination of slightly lower growth forecasts for TXT Next, a one-off tax credit and the higher margin growth of Cheleo results in normalised EPS upgrades of 16% in FY18e and 24% in FY19e. After paying for Cheleo, we estimate the company has funds of more than €70m to invest in accretive acquisitions in the transportation and fintech markets.

Last updated on 06/08/2018

Industry outlook

TXT Next is a beneficiary of the trend to outsource elements of IT and engineering, 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 27/07/2018

Key management

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

Company address

Via Frigia, 27
20126 Milano
+39 02 257711
View website