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INNODATA INC (1INOD.MI) Stock Fundamental Analysis

BIT:1INOD - Euronext Milan - US4576422053 - Common Stock - Currency: EUR

41.82  +41.82 (+Infinity%)

Fundamental Rating

5

We assign a fundamental rating of 5 out of 10 to 1INOD. 1INOD was compared to 34 industry peers in the Professional Services industry. 1INOD is in great health and has no worries on liquidiy or solvency at all, but the profibility rating is only average. 1INOD shows excellent growth, but is valued quite expensive already.


Dividend Valuation Growth Profitability Health

4

1. Profitability

1.1 Basic Checks

1INOD had positive earnings in the past year.
In the past year 1INOD had a positive cash flow from operations.
The reported net income has been mixed in the past 5 years: 1INOD reported negative net income in multiple years.
Of the past 5 years 1INOD 4 years had a positive operating cash flow.
1INOD.MI Yearly Net Income VS EBIT VS OCF VS FCF1INOD.MI Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10M -10M 20M 30M

1.2 Ratios

1INOD has a better Return On Assets (28.32%) than 100.00% of its industry peers.
With an excellent Return On Equity value of 46.97%, 1INOD belongs to the best of the industry, outperforming 82.35% of the companies in the same industry.
Industry RankSector Rank
ROA 28.32%
ROE 46.97%
ROIC N/A
ROA(3y)-0.37%
ROA(5y)-0.57%
ROE(3y)-7.33%
ROE(5y)-5.1%
ROIC(3y)N/A
ROIC(5y)N/A
1INOD.MI Yearly ROA, ROE, ROIC1INOD.MI Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20 -20 40 -40 -60

1.3 Margins

The Profit Margin of 1INOD (17.53%) is better than 88.24% of its industry peers.
The Operating Margin and Gross Margin are not available for 1INOD so they could not be analyzed.
Industry RankSector Rank
OM N/A
PM (TTM) 17.53%
GM N/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
1INOD.MI Yearly Profit, Operating, Gross Margins1INOD.MI Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10 -10 20 30

8

2. Health

2.1 Basic Checks

1INOD does not have a ROIC to compare to the WACC, probably because it is not profitable.
The number of shares outstanding for 1INOD has been increased compared to 1 year ago.
1INOD has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, 1INOD has an improved debt to assets ratio.
1INOD.MI Yearly Shares Outstanding1INOD.MI Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10M 20M 30M
1INOD.MI Yearly Total Debt VS Total Assets1INOD.MI Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M 80M 100M

2.2 Solvency

1INOD has an Altman-Z score of 11.54. This indicates that 1INOD is financially healthy and has little risk of bankruptcy at the moment.
With an excellent Altman-Z score value of 11.54, 1INOD belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.
The Debt to FCF ratio of 1INOD is 0.28, which is an excellent value as it means it would take 1INOD, only 0.28 years of fcf income to pay off all of its debts.
1INOD's Debt to FCF ratio of 0.28 is amongst the best of the industry. 1INOD outperforms 100.00% of its industry peers.
1INOD has a Debt/Equity ratio of 0.09. This is a healthy value indicating a solid balance between debt and equity.
1INOD's Debt to Equity ratio of 0.09 is amongst the best of the industry. 1INOD outperforms 94.12% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.09
Debt/FCF 0.28
Altman-Z 11.54
ROIC/WACCN/A
WACC9.06%
1INOD.MI Yearly LT Debt VS Equity VS FCF1INOD.MI Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20M 40M 60M

2.3 Liquidity

A Current Ratio of 2.36 indicates that 1INOD has no problem at all paying its short term obligations.
1INOD has a Current ratio of 2.36. This is amongst the best in the industry. 1INOD outperforms 94.12% of its industry peers.
A Quick Ratio of 2.36 indicates that 1INOD has no problem at all paying its short term obligations.
The Quick ratio of 1INOD (2.36) is better than 94.12% of its industry peers.
Industry RankSector Rank
Current Ratio 2.36
Quick Ratio 2.36
1INOD.MI Yearly Current Assets VS Current Liabilites1INOD.MI Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M 80M

8

3. Growth

3.1 Past

The Earnings Per Share has grown by an impressive 1633.33% over the past year.
The Revenue has grown by 114.20% in the past year. This is a very strong growth!
Measured over the past years, 1INOD shows a very strong growth in Revenue. The Revenue has been growing by 25.00% on average per year.
EPS 1Y (TTM)1633.33%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%633.33%
Revenue 1Y (TTM)114.2%
Revenue growth 3Y34.69%
Revenue growth 5Y25%
Sales Q2Q%120.13%

3.2 Future

Based on estimates for the next years, 1INOD will show a quite strong growth in Earnings Per Share. The EPS will grow by 15.98% on average per year.
The Revenue is expected to grow by 23.97% on average over the next years. This is a very strong growth
EPS Next Y-15.5%
EPS Next 2Y11.36%
EPS Next 3Y15.98%
EPS Next 5YN/A
Revenue Next Year46.77%
Revenue Next 2Y33.41%
Revenue Next 3Y23.97%
Revenue Next 5YN/A

3.3 Evolution

When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
1INOD.MI Yearly Revenue VS Estimates1INOD.MI Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 100M 200M 300M
1INOD.MI Yearly EPS VS Estimates1INOD.MI Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2023 2024 2025 2026 2027 0 0.2 0.4 0.6 0.8 1

0

4. Valuation

4.1 Price/Earnings Ratio

With a Price/Earnings ratio of 46.47, 1INOD can be considered very expensive at the moment.
Compared to the rest of the industry, the Price/Earnings ratio of 1INOD indicates a slightly more expensive valuation: 1INOD is more expensive than 64.71% of the companies listed in the same industry.
The average S&P500 Price/Earnings ratio is at 26.32. 1INOD is valued rather expensively when compared to this.
A Price/Forward Earnings ratio of 45.90 indicates a quite expensive valuation of 1INOD.
Compared to the rest of the industry, the Price/Forward Earnings ratio of 1INOD indicates a slightly more expensive valuation: 1INOD is more expensive than 67.65% of the companies listed in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.19, 1INOD is valued quite expensively.
Industry RankSector Rank
PE 46.47
Fwd PE 45.9
1INOD.MI Price Earnings VS Forward Price Earnings1INOD.MI Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40

4.2 Price Multiples

Compared to the rest of the industry, the Price/Free Cash Flow ratio of 1INOD indicates a slightly more expensive valuation: 1INOD is more expensive than 67.65% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 50.59
EV/EBITDA N/A
1INOD.MI Per share data1INOD.MI EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 1 2 3 4 5

4.3 Compensation for Growth

A more expensive valuation may be justified as 1INOD's earnings are expected to grow with 15.98% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y11.36%
EPS Next 3Y15.98%

0

5. Dividend

5.1 Amount

No dividends for 1INOD!.
Industry RankSector Rank
Dividend Yield N/A

INNODATA INC

BIT:1INOD (6/10/2025, 7:00:00 PM)

41.82

+41.82 (+Infinity%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCommercial & Professional Services
GICS IndustryProfessional Services
Earnings (Last)05-09 2025-05-09/bmo
Earnings (Next)08-06 2025-08-06
Inst Owners56.52%
Inst Owner ChangeN/A
Ins Owners4.39%
Ins Owner ChangeN/A
Market Cap1.33B
Analysts83.64
Price TargetN/A
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr YearsN/A
Div Non Decr YearsN/A
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)32.82%
Min EPS beat(2)23.78%
Max EPS beat(2)41.85%
EPS beat(4)4
Avg EPS beat(4)114.07%
Min EPS beat(4)23.78%
Max EPS beat(4)290.63%
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)1
Avg Revenue beat(2)4.33%
Min Revenue beat(2)-0.77%
Max Revenue beat(2)9.44%
Revenue beat(4)3
Avg Revenue beat(4)16.53%
Min Revenue beat(4)-0.77%
Max Revenue beat(4)41.78%
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)N/A
PT rev (3m)N/A
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)N/A
EPS NY rev (3m)N/A
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)N/A
Revenue NY rev (3m)N/A
Valuation
Industry RankSector Rank
PE 46.47
Fwd PE 45.9
P/S 7.59
P/FCF 50.59
P/OCF 39.27
P/B 20.35
P/tB 25.64
EV/EBITDA N/A
EPS(TTM)0.9
EY2.15%
EPS(NY)0.91
Fwd EY2.18%
FCF(TTM)0.83
FCFY1.98%
OCF(TTM)1.06
OCFY2.55%
SpS5.51
BVpS2.06
TBVpS1.63
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA 28.32%
ROE 46.97%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) 17.53%
GM N/A
FCFM 15.01%
ROA(3y)-0.37%
ROA(5y)-0.57%
ROE(3y)-7.33%
ROE(5y)-5.1%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
F-Score7
Asset Turnover1.62
Health
Industry RankSector Rank
Debt/Equity 0.09
Debt/FCF 0.28
Debt/EBITDA N/A
Cap/Depr 143.64%
Cap/Sales 4.33%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality 85.63%
Current Ratio 2.36
Quick Ratio 2.36
Altman-Z 11.54
F-Score7
WACC9.06%
ROIC/WACCN/A
Cap/Depr(3y)139.8%
Cap/Depr(5y)126.76%
Cap/Sales(3y)6.41%
Cap/Sales(5y)5.58%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)1633.33%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%633.33%
EPS Next Y-15.5%
EPS Next 2Y11.36%
EPS Next 3Y15.98%
EPS Next 5YN/A
Revenue 1Y (TTM)114.2%
Revenue growth 3Y34.69%
Revenue growth 5Y25%
Sales Q2Q%120.13%
Revenue Next Year46.77%
Revenue Next 2Y33.41%
Revenue Next 3Y23.97%
Revenue Next 5YN/A
EBIT growth 1Y-10303.4%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year89.66%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y817.8%
FCF growth 3Y227%
FCF growth 5Y59.89%
OCF growth 1Y1798.79%
OCF growth 3Y89.44%
OCF growth 5Y52.25%