ICOP SPA (ICOP.MI) Stock Fundamental Analysis

BIT:ICOP • IT0001214433

23.8 EUR
+3 (+14.42%)
Last: Feb 27, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership
Fundamental Rating

4

Taking everything into account, ICOP scores 4 out of 10 in our fundamental rating. ICOP was compared to 43 industry peers in the Construction & Engineering industry. ICOP has a medium profitability rating, but doesn't score so well on its financial health evaluation. ICOP shows excellent growth, but is valued quite expensive already.


Dividend Valuation Growth Profitability Health

5

1. Profitability

1.1 Basic Checks

  • In the past year ICOP was profitable.
  • ICOP had a positive operating cash flow in the past year.
ICOP.MI Yearly Net Income VS EBIT VS OCF VS FCFICOP.MI Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2021 2022 2023 2024 0 10M 20M 30M

1.2 Ratios

  • ICOP's Return On Assets of 4.55% is in line compared to the rest of the industry. ICOP outperforms 55.81% of its industry peers.
  • The Return On Equity of ICOP (23.31%) is better than 65.12% of its industry peers.
  • The Return On Invested Capital of ICOP (13.40%) is better than 74.42% of its industry peers.
  • ICOP had an Average Return On Invested Capital over the past 3 years of 9.45%. This is below the industry average of 11.93%.
  • The last Return On Invested Capital (13.40%) for ICOP is above the 3 year average (9.45%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 4.55%
ROE 23.31%
ROIC 13.4%
ROA(3y)3.57%
ROA(5y)N/A
ROE(3y)14.08%
ROE(5y)N/A
ROIC(3y)9.45%
ROIC(5y)N/A
ICOP.MI Yearly ROA, ROE, ROICICOP.MI Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2021 2022 2023 2024 5 10 15

1.3 Margins

  • ICOP has a better Profit Margin (14.41%) than 86.05% of its industry peers.
  • ICOP's Profit Margin has improved in the last couple of years.
  • ICOP has a Operating Margin of 22.87%. This is amongst the best in the industry. ICOP outperforms 93.02% of its industry peers.
  • In the last couple of years the Operating Margin of ICOP has grown nicely.
Industry RankSector Rank
OM 22.87%
PM (TTM) 14.41%
GM N/A
OM growth 3Y321.03%
OM growth 5YN/A
PM growth 3Y75.7%
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
ICOP.MI Yearly Profit, Operating, Gross MarginsICOP.MI Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2021 2022 2023 2024 0 20 40

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ROAROEROICOperating and Profit MarginShow most profitable peers

3

2. Health

2.1 Basic Checks

  • ICOP has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
  • The number of shares outstanding for ICOP has been increased compared to 1 year ago.
  • Compared to 1 year ago, ICOP has an improved debt to assets ratio.
ICOP.MI Yearly Shares OutstandingICOP.MI Yearly Shares OutstandingYearly Shares Outstanding 2021 2022 2023 2024 5M 10M 15M 20M 25M
ICOP.MI Yearly Total Debt VS Total AssetsICOP.MI Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2021 2022 2023 2024 100M 200M 300M

2.2 Solvency

  • An Altman-Z score of 1.99 indicates that ICOP is not a great score, but indicates only limited risk for bankruptcy at the moment.
  • The Altman-Z score of ICOP (1.99) is better than 67.44% of its industry peers.
  • ICOP has a Debt/Equity ratio of 1.20. This is a high value indicating a heavy dependency on external financing.
  • ICOP has a Debt to Equity ratio of 1.20. This is in the lower half of the industry: ICOP underperforms 72.09% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.2
Debt/FCF N/A
Altman-Z 1.99
ROIC/WACC1.71
WACC7.83%
ICOP.MI Yearly LT Debt VS Equity VS FCFICOP.MI Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2021 2022 2023 2024 0 20M 40M 60M 80M

2.3 Liquidity

  • ICOP has a Current Ratio of 1.20. This is a normal value and indicates that ICOP is financially healthy and should not expect problems in meeting its short term obligations.
  • Looking at the Current ratio, with a value of 1.20, ICOP is in the better half of the industry, outperforming 67.44% of the companies in the same industry.
  • A Quick Ratio of 0.79 indicates that ICOP may have some problems paying its short term obligations.
  • ICOP's Quick ratio of 0.79 is on the low side compared to the rest of the industry. ICOP is outperformed by 83.72% of its industry peers.
Industry RankSector Rank
Current Ratio 1.2
Quick Ratio 0.79
ICOP.MI Yearly Current Assets VS Current LiabilitesICOP.MI Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2021 2022 2023 2024 50M 100M 150M 200M 250M

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

8

3. Growth

3.1 Past

  • ICOP shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 97.06%, which is quite impressive.
  • ICOP shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 75.63% yearly.
  • Looking at the last year, ICOP shows a quite strong growth in Revenue. The Revenue has grown by 17.59% in the last year.
  • ICOP shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 0.56% yearly.
EPS 1Y (TTM)97.06%
EPS 3Y75.63%
EPS 5YN/A
EPS Q2Q%48.4%
Revenue 1Y (TTM)17.59%
Revenue growth 3Y0.56%
Revenue growth 5YN/A
Sales Q2Q%308.42%

3.2 Future

  • Based on estimates for the next years, ICOP will show a very strong growth in Earnings Per Share. The EPS will grow by 29.38% on average per year.
  • The Revenue is expected to grow by 45.15% on average over the next years. This is a very strong growth
EPS Next Y30.46%
EPS Next 2Y40.01%
EPS Next 3Y29.38%
EPS Next 5YN/A
Revenue Next Year114.11%
Revenue Next 2Y69.51%
Revenue Next 3Y45.15%
Revenue Next 5YN/A

3.3 Evolution

  • Although the future EPS growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
  • The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
ICOP.MI Yearly Revenue VS EstimatesICOP.MI Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2021 2022 2023 2024 2025 2026 2027 200M 400M 600M
ICOP.MI Yearly EPS VS EstimatesICOP.MI Yearly EPS VS EstimatesYearly EPS VS Estimates 2024 2025 2026 2027 0.5 1 1.5

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Find the best growth stocksShow best growing peers

2

4. Valuation

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 30.91, which means the current valuation is very expensive for ICOP.
  • 72.09% of the companies in the same industry are cheaper than ICOP, based on the Price/Earnings ratio.
  • When comparing the Price/Earnings ratio of ICOP to the average of the S&P500 Index (27.13), we can say ICOP is valued inline with the index average.
  • ICOP is valuated correctly with a Price/Forward Earnings ratio of 15.77.
  • ICOP's Price/Forward Earnings ratio is in line with the industry average.
  • When comparing the Price/Forward Earnings ratio of ICOP to the average of the S&P500 Index (28.11), we can say ICOP is valued slightly cheaper.
Industry RankSector Rank
PE 30.91
Fwd PE 15.77
ICOP.MI Price Earnings VS Forward Price EarningsICOP.MI Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, ICOP is valued a bit more expensive than the industry average as 69.77% of the companies are valued more cheaply.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 17.59
ICOP.MI Per share dataICOP.MI EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 1 2 3 4

4.3 Compensation for Growth

  • ICOP's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
  • ICOP's earnings are expected to grow with 29.38% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.01
PEG (5Y)N/A
EPS Next 2Y40.01%
EPS Next 3Y29.38%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

2

5. Dividend

5.1 Amount

  • With a yearly dividend of 0.32%, ICOP is not a good candidate for dividend investing.
  • ICOP's Dividend Yield is slightly below the industry average, which is at 2.30.
  • With a Dividend Yield of 0.32, ICOP pays less dividend than the S&P500 average, which is at 1.82.
Industry RankSector Rank
Dividend Yield 0.32%

5.2 History

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

5.3 Sustainability

  • ICOP pays out 5.94% of its income as dividend. This is a sustainable payout ratio.
DP5.94%
EPS Next 2Y40.01%
EPS Next 3Y29.38%
ICOP.MI Yearly Income VS Free CF VS DividendICOP.MI Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2021 2022 2023 2024 0 5M 10M 15M
ICOP.MI Dividend Payout.ICOP.MI Dividend Payout, showing the Payout Ratio.ICOP.MI Dividend Payout.PayoutRetained Earnings

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Find the best dividend stocksShow peers with best dividend

ICOP SPA

BIT:ICOP (2/27/2026, 7:00:00 PM)

23.8

+3 (+14.42%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryConstruction & Engineering
Earnings (Last)09-29
Earnings (Next)03-30
Inst Owners10%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap756.36M
Revenue(TTM)148.88M
Net Income(TTM)21.45M
Analysts87.5
Price Target21.17 (-11.05%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 0.32%
Yearly Dividend0.08
Dividend Growth(5Y)N/A
DP5.94%
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)0%
PT rev (3m)0%
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 30.91
Fwd PE 15.77
P/S 5.08
P/FCF N/A
P/OCF 269.22
P/B 8.22
P/tB 21.74
EV/EBITDA 17.59
EPS(TTM)0.77
EY3.24%
EPS(NY)1.51
Fwd EY6.34%
FCF(TTM)-0.86
FCFYN/A
OCF(TTM)0.09
OCFY0.37%
SpS4.68
BVpS2.9
TBVpS1.09
PEG (NY)1.01
PEG (5Y)N/A
Graham Number7.08
Profitability
Industry RankSector Rank
ROA 4.55%
ROE 23.31%
ROCE 16.26%
ROIC 13.4%
ROICexc 16.24%
ROICexgc 24.27%
OM 22.87%
PM (TTM) 14.41%
GM N/A
FCFM N/A
ROA(3y)3.57%
ROA(5y)N/A
ROE(3y)14.08%
ROE(5y)N/A
ROIC(3y)9.45%
ROIC(5y)N/A
ROICexc(3y)19.53%
ROICexc(5y)N/A
ROICexgc(3y)20.62%
ROICexgc(5y)N/A
ROCE(3y)11.48%
ROCE(5y)N/A
ROICexgc growth 3Y342.53%
ROICexgc growth 5YN/A
ROICexc growth 3Y334.02%
ROICexc growth 5YN/A
OM growth 3Y321.03%
OM growth 5YN/A
PM growth 3Y75.7%
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
F-Score3
Asset Turnover0.32
Health
Industry RankSector Rank
Debt/Equity 1.2
Debt/FCF N/A
Debt/EBITDA 2.18
Cap/Depr 182.44%
Cap/Sales 20.23%
Interest Coverage 250
Cash Conversion 5.56%
Profit Quality N/A
Current Ratio 1.2
Quick Ratio 0.79
Altman-Z 1.99
F-Score3
WACC7.83%
ROIC/WACC1.71
Cap/Depr(3y)172.92%
Cap/Depr(5y)N/A
Cap/Sales(3y)15.47%
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)97.06%
EPS 3Y75.63%
EPS 5YN/A
EPS Q2Q%48.4%
EPS Next Y30.46%
EPS Next 2Y40.01%
EPS Next 3Y29.38%
EPS Next 5YN/A
Revenue 1Y (TTM)17.59%
Revenue growth 3Y0.56%
Revenue growth 5YN/A
Sales Q2Q%308.42%
Revenue Next Year114.11%
Revenue Next 2Y69.51%
Revenue Next 3Y45.15%
Revenue Next 5YN/A
EBIT growth 1Y160.53%
EBIT growth 3Y323.37%
EBIT growth 5YN/A
EBIT Next Year158.62%
EBIT Next 3Y53.8%
EBIT Next 5YN/A
FCF growth 1Y-89.53%
FCF growth 3Y-21.23%
FCF growth 5YN/A
OCF growth 1Y-18.72%
OCF growth 3Y28.3%
OCF growth 5YN/A

ICOP SPA / ICOP.MI FAQ

Can you provide the ChartMill fundamental rating for ICOP SPA?

ChartMill assigns a fundamental rating of 4 / 10 to ICOP.MI.


What is the valuation status for ICOP stock?

ChartMill assigns a valuation rating of 2 / 10 to ICOP SPA (ICOP.MI). This can be considered as Overvalued.


What is the profitability of ICOP stock?

ICOP SPA (ICOP.MI) has a profitability rating of 5 / 10.


What is the earnings growth outlook for ICOP SPA?

The Earnings per Share (EPS) of ICOP SPA (ICOP.MI) is expected to grow by 30.46% in the next year.


Can you provide the dividend sustainability for ICOP stock?

The dividend rating of ICOP SPA (ICOP.MI) is 2 / 10 and the dividend payout ratio is 5.94%.