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MotorK (AMS: MTRK)

Last close As at 21/11/2024

EUR6.04

▲ 0.06 (1.00%)

Market capitalisation

272m

Edison Investment Research is terminating coverage on MotorK (MTRK). Please note you should no longer rely on any previous research or estimates for this company. All forecasts should now be considered redundant.

Latest Insights

View More

TMT | Update

MotorK — Strong pipeline and cash target reaffirmed

TMT | Flash note

MotorK — Enterprise adoption drives growth

TMT | Outlook

MotorK — Refined strategy delivering momentum

TMT | Update

MotorK — Driving efficiency to reach profitability
Transportation and technology concept. ITS (Intelligent Transport Systems). Mobility as a service.
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Sector

TMT

Balance Sheet

Forecast net debt (€m)

3.5

Forecast gearing ratio (%)

5

Share Price Performance

Price Performance
% 1M 3M 12M
Actual 20.8 51.0 161.5
Relative 17.7 41.4 120.6
52 week high/low €6.0/€1.9

Financials

MotorK’s FY23 revenue growth was robust across most regions, with slow growth regions gaining momentum. Q124 revenue fell slightly year-on-year due to delayed delivery contracts, but these are expected to contribute to Q2 sales. Revenue quality improved, with software-as-a-service (SaaS) recurring revenue rising as a share of group revenue in FY23. M&A continues to play a pivotal role in unlocking opportunities across MotorK’s markets, providing potential average contract value (ACV) expansion from customers migrating to the platform. While personnel investments for growth swung EBITDA to a loss, MotorK’s holistic SparK platform remains well-positioned to capitalise on the automotive industry’s digital shift and technological innovation.

Y/E Dec Revenue (€m) EBITDA (€m) PBT (€m) EPS (fd) (c) P/E (x) P/CF (x)
2022A 38.5 0.2 (8.8) (21.90) N/A N/A
2023A 42.9 (1.4) (11.2) (23.65) N/A N/A
2024E 55.7 17.3 5.0 8.72 69.3 199.8
2025E N/A N/A N/A N/A N/A N/A

Research

edison tv

TMT

MotorK – executive interview

Initiation

TMT

MotorK — Gearing up for the automotive digital revolution

Update

MotorK — Taking a more cautious approach

Update

MotorK — Taking a more cautious approach

edison tv

TMT

MotorK – executive interview

Initiation

TMT

MotorK — Gearing up for the automotive digital revolution

thematic

Consumer

Deutsches Eigenkapitalforum (EKF) 2023 consumer and media

thematic

TMT

Deutsches Eigenkapitalforum (EKF) 2023 technology

thematic

TMT

MediaWatch – Still waiting…

thematic

TMT

MediaWatch – Targeting the opportunities

thematic

TMT

MediaWatch – Vision On
Digital Marketing and Internet Media Technology Platform

thematic

TMT

MediaWatch – Screening well

thematic

Consumer

IPO apocalypse

thematic

TMT

ESG, moving beyond the box tick

thematic

TMT

Direct tech investors

thematic

TMT

Seven things every investor needs to know about SenSen

thematic

Consumer

Circular economy business models

thematic

TMT

Quantum dots – all the colours of the rainbow

thematic

TMT

Micro-LEDs – small is beautiful

thematic

TMT

Five things every investor needs to know about Mynaric

thematic

TMT

Semiconductor winners – European companies with strong positions

thematic

TMT

The small satellite market – Small is beautiful

thematic

TMT

European video games: A safe haven in troubled times

thematic

TMT

Blockchain adoption: Implications for the financial services sector

thematic

Consumer

Illuminator: August Update

thematic

TMT

European video games

thematic

TMT

Diversification and scale for online success

thematic

TMT

5G – Strategic importance, but lacking a near-term commercial driver

thematic

TMT

UK video games – Heterogeneous not homogeneous

thematic

TMT

Mobile ecosystems

thematic

TMT

Mobile ecosystems

thematic

TMT

Mobile ecosystems

thematic

TMT

NZ – Edison talks tech

thematic

TMT

AUS – Edison talks tech

thematic

TMT

Mobile ecosystems

thematic

Consumer

Deutsche Börse Eigenkapitalforum 2014 Research Guide

thematic

TMT

Mobile ecosystems

thematic

Energy & Resources

ASX Spotlight Conference – London, 6 March 2014

thematic

Energy & Resources

ASX Small to Mid Caps Conference – London, 7 March 2013

thematic

TMT

The third pillar

thematic

TMT

The real disruptor

thematic

TMT

Merger mania is back