Added to YB: 2026-06-23
Pitch date: 2026-06-20
1INN.DE [neutral]
innoscripta SE
Author Info
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Company Info
innoscripta SE provides software-as-a-service for managing research and development (R&D) tax incentives and project management consulting in Germany and France.
Market Cap
EUR 767.0M
Pitch Price
N/A
Price Target
225.00 (+190%)
Dividend
5.22%
EV/EBITDA
9.51
P/E
N/A
EV/Sales
6.01
Sector
Software
Category
growth
Innoscripta: A GARP Digital Monopoly in the R&D Niche
1INN.DE (pass): SaaS for R&D tax incentive mgmt (Clusterix), 2,500+ clients, success-fee model, <2% churn. 90.5% EBIT CAGR (22-25), 67.7% EBIT margin Q1'26, 57.5% rev growth. ~13x fwd P/E on €80M EBIT, 5% div yield, €225 PT. Risks: regulatory dependence, mgmt €280M IPO cash-out, recent IPO, AI fears, client concentration. Author passes on quality but sees 20%+ returns from growth.
Read full article (13 min)