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INDUSTRIE CHIMICHE FORESTALI (ICF.MI) Stock Fundamental Analysis

BIT:ICF - IT0005416281 - Common Stock

6.5 EUR
+0.1 (+1.56%)
Last: 9/9/2025, 7:00:00 PM
Fundamental Rating

5

ICF gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 65 industry peers in the Chemicals industry. ICF has an excellent financial health rating, but there are some minor concerns on its profitability. ICF is valued correctly, but it does not seem to be growing.


Dividend Valuation Growth Profitability Health

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4

1. Profitability

1.1 Basic Checks

In the past year ICF was profitable.
In the past year ICF had a positive cash flow from operations.
ICF had positive earnings in each of the past 5 years.
In the past 5 years ICF always reported a positive cash flow from operatings.
ICF.MI Yearly Net Income VS EBIT VS OCF VS FCFICF.MI Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2019 2020 2021 2022 2023 2024 2M 4M 6M 8M

1.2 Ratios

ICF's Return On Assets of 1.82% is in line compared to the rest of the industry. ICF outperforms 56.92% of its industry peers.
ICF's Return On Equity of 2.69% is in line compared to the rest of the industry. ICF outperforms 50.77% of its industry peers.
ICF has a Return On Invested Capital (3.27%) which is comparable to the rest of the industry.
The Average Return On Invested Capital over the past 3 years for ICF is below the industry average of 7.08%.
The last Return On Invested Capital (3.27%) for ICF is above the 3 year average (2.82%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 1.82%
ROE 2.69%
ROIC 3.27%
ROA(3y)2.06%
ROA(5y)1.97%
ROE(3y)3.16%
ROE(5y)3.06%
ROIC(3y)2.82%
ROIC(5y)2.28%
ICF.MI Yearly ROA, ROE, ROICICF.MI Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2019 2020 2021 2022 2023 2024 1 2 3 4

1.3 Margins

ICF has a Profit Margin of 2.85%. This is comparable to the rest of the industry: ICF outperforms 60.00% of its industry peers.
In the last couple of years the Profit Margin of ICF has declined.
ICF has a Operating Margin of 5.12%. This is comparable to the rest of the industry: ICF outperforms 53.85% of its industry peers.
ICF's Operating Margin has declined in the last couple of years.
ICF's Gross Margin of 38.48% is in line compared to the rest of the industry. ICF outperforms 56.92% of its industry peers.
ICF's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 5.12%
PM (TTM) 2.85%
GM 38.48%
OM growth 3Y76.92%
OM growth 5Y-5.27%
PM growth 3Y-1.77%
PM growth 5Y-10.04%
GM growth 3Y7.83%
GM growth 5Y0.61%
ICF.MI Yearly Profit, Operating, Gross MarginsICF.MI Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2019 2020 2021 2022 2023 2024 10 20 30

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7

2. Health

2.1 Basic Checks

With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), ICF is destroying value.
ICF has less shares outstanding than it did 1 year ago.
ICF has less shares outstanding than it did 5 years ago.
ICF has about the same debt/assets ratio as last year.
ICF.MI Yearly Shares OutstandingICF.MI Yearly Shares OutstandingYearly Shares Outstanding 2019 2020 2021 2022 2023 2024 2M 4M 6M
ICF.MI Yearly Total Debt VS Total AssetsICF.MI Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2019 2020 2021 2022 2023 2024 20M 40M 60M 80M 100M

2.2 Solvency

An Altman-Z score of 2.09 indicates that ICF is not a great score, but indicates only limited risk for bankruptcy at the moment.
The Altman-Z score of ICF (2.09) is comparable to the rest of the industry.
ICF has a debt to FCF ratio of 2.48. This is a good value and a sign of high solvency as ICF would need 2.48 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 2.48, ICF belongs to the top of the industry, outperforming 90.77% of the companies in the same industry.
A Debt/Equity ratio of 0.13 indicates that ICF is not too dependend on debt financing.
The Debt to Equity ratio of ICF (0.13) is better than 83.08% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.13
Debt/FCF 2.48
Altman-Z 2.09
ROIC/WACC0.46
WACC7.09%
ICF.MI Yearly LT Debt VS Equity VS FCFICF.MI Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2019 2020 2021 2022 2023 2024 20M 40M 60M

2.3 Liquidity

A Current Ratio of 2.13 indicates that ICF has no problem at all paying its short term obligations.
Looking at the Current ratio, with a value of 2.13, ICF is in the better half of the industry, outperforming 61.54% of the companies in the same industry.
A Quick Ratio of 1.47 indicates that ICF should not have too much problems paying its short term obligations.
ICF has a Quick ratio of 1.47. This is in the better half of the industry: ICF outperforms 70.77% of its industry peers.
Industry RankSector Rank
Current Ratio 2.13
Quick Ratio 1.47
ICF.MI Yearly Current Assets VS Current LiabilitesICF.MI Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2019 2020 2021 2022 2023 2024 10M 20M 30M 40M 50M

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2

3. Growth

3.1 Past

ICF shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -0.44%.
Measured over the past years, ICF shows a decrease in Earnings Per Share. The EPS has been decreasing by -7.57% on average per year.
Looking at the last year, ICF shows a decrease in Revenue. The Revenue has decreased by -5.84% in the last year.
ICF shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 0.97% yearly.
EPS 1Y (TTM)-0.44%
EPS 3Y0.75%
EPS 5Y-7.57%
EPS Q2Q%35.47%
Revenue 1Y (TTM)-5.84%
Revenue growth 3Y-0.23%
Revenue growth 5Y0.97%
Sales Q2Q%-8.07%

3.2 Future

The Earnings Per Share is expected to grow by 3.32% on average over the next years.
The Revenue is expected to decrease by -0.47% on average over the next years.
EPS Next Y8.14%
EPS Next 2Y0.4%
EPS Next 3Y3.32%
EPS Next 5YN/A
Revenue Next Year2.06%
Revenue Next 2Y4.77%
Revenue Next 3Y-0.47%
Revenue Next 5YN/A

3.3 Evolution

The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
ICF.MI Yearly Revenue VS EstimatesICF.MI Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2019 2020 2021 2022 2023 2024 2025 2026 2027 20M 40M 60M 80M
ICF.MI Yearly EPS VS EstimatesICF.MI Yearly EPS VS EstimatesYearly EPS VS Estimates 2022 2023 2024 2025 2026 2027 0.2 0.4 0.6

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6

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings ratio is 20.31, which indicates a rather expensive current valuation of ICF.
61.54% of the companies in the same industry are more expensive than ICF, based on the Price/Earnings ratio.
ICF is valuated rather cheaply when we compare the Price/Earnings ratio to 27.03, which is the current average of the S&P500 Index.
The Price/Forward Earnings ratio is 8.35, which indicates a very decent valuation of ICF.
ICF's Price/Forward Earnings ratio is rather cheap when compared to the industry. ICF is cheaper than 95.38% of the companies in the same industry.
ICF is valuated cheaply when we compare the Price/Forward Earnings ratio to 22.54, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 20.31
Fwd PE 8.35
ICF.MI Price Earnings VS Forward Price EarningsICF.MI Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

90.77% of the companies in the same industry are more expensive than ICF, based on the Enterprise Value to EBITDA ratio.
Based on the Price/Free Cash Flow ratio, ICF is valued cheaper than 98.46% of the companies in the same industry.
Industry RankSector Rank
P/FCF 5.74
EV/EBITDA 5.1
ICF.MI Per share dataICF.MI EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 2 4 6 8 10

4.3 Compensation for Growth

The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates ICF does not grow enough to justify the current Price/Earnings ratio.
PEG (NY)2.49
PEG (5Y)N/A
EPS Next 2Y0.4%
EPS Next 3Y3.32%

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3

5. Dividend

5.1 Amount

ICF has a Yearly Dividend Yield of 3.13%.
Compared to an average industry Dividend Yield of 3.00, ICF pays a bit more dividend than its industry peers.
ICF's Dividend Yield is a higher than the S&P500 average which is at 2.45.
Industry RankSector Rank
Dividend Yield 3.13%

5.2 History

Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years0

5.3 Sustainability

62.81% of the earnings are spent on dividend by ICF. This is not a sustainable payout ratio.
DP62.81%
EPS Next 2Y0.4%
EPS Next 3Y3.32%
ICF.MI Yearly Income VS Free CF VS DividendICF.MI Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2019 2020 2021 2022 2023 2024 2M 4M 6M
ICF.MI Dividend Payout.ICF.MI Dividend Payout, showing the Payout Ratio.ICF.MI Dividend Payout.PayoutRetained Earnings

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INDUSTRIE CHIMICHE FORESTALI

BIT:ICF (9/9/2025, 7:00:00 PM)

6.5

+0.1 (+1.56%)

Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryChemicals
Earnings (Last)N/A N/A
Earnings (Next)N/A N/A
Inst Owners12.18%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap38.28M
AnalystsN/A
Price TargetN/A
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 3.13%
Yearly Dividend0.2
Dividend Growth(5Y)N/A
DP62.81%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
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)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
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)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)0%
Valuation
Industry RankSector Rank
PE 20.31
Fwd PE 8.35
P/S 0.51
P/FCF 5.74
P/OCF 4.57
P/B 0.48
P/tB 1.31
EV/EBITDA 5.1
EPS(TTM)0.32
EY4.92%
EPS(NY)0.78
Fwd EY11.97%
FCF(TTM)1.13
FCFY17.43%
OCF(TTM)1.42
OCFY21.88%
SpS12.77
BVpS13.54
TBVpS4.96
PEG (NY)2.49
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA 1.82%
ROE 2.69%
ROCE 3.99%
ROIC 3.27%
ROICexc 3.65%
ROICexgc 8.79%
OM 5.12%
PM (TTM) 2.85%
GM 38.48%
FCFM 8.88%
ROA(3y)2.06%
ROA(5y)1.97%
ROE(3y)3.16%
ROE(5y)3.06%
ROIC(3y)2.82%
ROIC(5y)2.28%
ROICexc(3y)3.11%
ROICexc(5y)2.56%
ROICexgc(3y)7.61%
ROICexgc(5y)6.9%
ROCE(3y)3.44%
ROCE(5y)2.77%
ROICexcg growth 3Y70.7%
ROICexcg growth 5Y-8.75%
ROICexc growth 3Y77.62%
ROICexc growth 5Y-4.04%
OM growth 3Y76.92%
OM growth 5Y-5.27%
PM growth 3Y-1.77%
PM growth 5Y-10.04%
GM growth 3Y7.83%
GM growth 5Y0.61%
F-Score7
Asset Turnover0.64
Health
Industry RankSector Rank
Debt/Equity 0.13
Debt/FCF 2.48
Debt/EBITDA 1.16
Cap/Depr 34.52%
Cap/Sales 2.26%
Interest Coverage 5.3
Cash Conversion 95.42%
Profit Quality 311%
Current Ratio 2.13
Quick Ratio 1.47
Altman-Z 2.09
F-Score7
WACC7.09%
ROIC/WACC0.46
Cap/Depr(3y)37.47%
Cap/Depr(5y)34.69%
Cap/Sales(3y)2.27%
Cap/Sales(5y)2.11%
Profit Quality(3y)171.4%
Profit Quality(5y)165.18%
High Growth Momentum
Growth
EPS 1Y (TTM)-0.44%
EPS 3Y0.75%
EPS 5Y-7.57%
EPS Q2Q%35.47%
EPS Next Y8.14%
EPS Next 2Y0.4%
EPS Next 3Y3.32%
EPS Next 5YN/A
Revenue 1Y (TTM)-5.84%
Revenue growth 3Y-0.23%
Revenue growth 5Y0.97%
Sales Q2Q%-8.07%
Revenue Next Year2.06%
Revenue Next 2Y4.77%
Revenue Next 3Y-0.47%
Revenue Next 5YN/A
EBIT growth 1Y25.57%
EBIT growth 3Y76.52%
EBIT growth 5Y-4.35%
EBIT Next Year43.21%
EBIT Next 3Y8.46%
EBIT Next 5YN/A
FCF growth 1Y89.12%
FCF growth 3Y34.88%
FCF growth 5Y-3.27%
OCF growth 1Y57.16%
OCF growth 3Y21.67%
OCF growth 5Y-0.51%