Added to YB: 2026-01-14
Pitch date: 2026-01-12
1INN.DE [bullish]
innoscripta SE
Author Info
Heavy Moat Investments is on a journey to find high-quality businesses with a long-term investment horizon of all sizes. Sign up for the newsletter.
Company Info
innoscripta SE provides software-as-a-service for managing research and development (R&D) tax incentives and project management consulting in Germany.
Market Cap
EUR 928.0M
Pitch Price
N/A
Price Target
N/A
Dividend
N/A
EV/EBITDA
15.66
P/E
N/A
EV/Sales
9.38
Sector
Software
Category
growth
Innoscripta AG: An incredibly profitable niche business with near binary risks
1INN.DE (new position): German IPO w/ 80% insider ownership, 48% 3yr revenue CAGR, 59% TTM margins via 5% take rate on R&D tax grants. Monopolistic position in overlooked €82B market, 2% churn, 2.8yr avg contracts. Risks: regulatory dependence, limited int'l expansion. 13x fwd EV/EBIT despite growth profile.
Read full article (9 min)