INNOVATEC SPA (INC.MI) Fundamental Analysis & Valuation

BIT:INC • IT0005412298

Current stock price

0.205 EUR
0 (-2.15%)
Last:

This INC.MI fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

2

1. INC.MI Profitability Analysis

1.1 Basic Checks

  • In the past year INC has reported negative net income.
  • INC had a positive operating cash flow in the past year.
  • INC had positive earnings in 4 of the past 5 years.
  • In the past 5 years INC always reported a positive cash flow from operatings.
INC.MI Yearly Net Income VS EBIT VS OCF VS FCFINC.MI Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20M -20M

1.2 Ratios

  • The Return On Assets of INC (-13.05%) is worse than 80.88% of its industry peers.
  • INC has a worse Return On Equity (-98.27%) than 89.71% of its industry peers.
Industry RankSector Rank
ROA -13.05%
ROE -98.27%
ROIC N/A
ROA(3y)0.36%
ROA(5y)1.03%
ROE(3y)-2.06%
ROE(5y)4.57%
ROIC(3y)N/A
ROIC(5y)N/A
INC.MI Yearly ROA, ROE, ROICINC.MI Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 50 -50 100 150

1.3 Margins

  • INC has a worse Gross Margin (33.59%) than 60.29% of its industry peers.
  • In the last couple of years the Gross Margin of INC has grown nicely.
  • INC does not have Profit Margin and Operating Margin available, so we won't be analyzing them here.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM 33.59%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-3.41%
GM growth 5Y5.98%
INC.MI Yearly Profit, Operating, Gross MarginsINC.MI Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 50 -50

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2

2. INC.MI Health Analysis

2.1 Basic Checks

  • INC does not have a ROIC to compare to the WACC, probably because it is not profitable.
  • The number of shares outstanding for INC remains at a similar level compared to 1 year ago.
  • INC has more shares outstanding than it did 5 years ago.
  • INC has a better debt/assets ratio than last year.
INC.MI Yearly Shares OutstandingINC.MI Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M 80M
INC.MI Yearly Total Debt VS Total AssetsINC.MI Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M

2.2 Solvency

  • INC has an Altman-Z score of 1.48. This is a bad value and indicates that INC is not financially healthy and even has some risk of bankruptcy.
  • INC's Altman-Z score of 1.48 is on the low side compared to the rest of the industry. INC is outperformed by 63.24% of its industry peers.
  • A Debt/Equity ratio of 0.38 indicates that INC is not too dependend on debt financing.
  • Looking at the Debt to Equity ratio, with a value of 0.38, INC is in the better half of the industry, outperforming 64.71% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.38
Debt/FCF N/A
Altman-Z 1.48
ROIC/WACCN/A
WACC6.21%
INC.MI Yearly LT Debt VS Equity VS FCFINC.MI Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20M 40M

2.3 Liquidity

  • A Current Ratio of 0.98 indicates that INC may have some problems paying its short term obligations.
  • INC's Current ratio of 0.98 is on the low side compared to the rest of the industry. INC is outperformed by 85.29% of its industry peers.
  • INC has a Quick Ratio of 0.98. This is a bad value and indicates that INC is not financially healthy enough and could expect problems in meeting its short term obligations.
  • The Quick ratio of INC (0.47) is worse than 94.12% of its industry peers.
Industry RankSector Rank
Current Ratio 0.98
Quick Ratio 0.47
INC.MI Yearly Current Assets VS Current LiabilitesINC.MI Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M

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

5

3. INC.MI Growth Analysis

3.1 Past

  • INC shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -785.11%.
  • Looking at the last year, INC shows a very negative growth in Revenue. The Revenue has decreased by -48.14% in the last year.
  • INC shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 37.55% yearly.
EPS 1Y (TTM)-785.11%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%61.54%
Revenue 1Y (TTM)-48.14%
Revenue growth 3Y15.33%
Revenue growth 5Y37.55%
Sales Q2Q%-89.43%

3.2 Future

  • Based on estimates for the next years, INC will show a very strong growth in Earnings Per Share. The EPS will grow by 58.11% on average per year.
  • Based on estimates for the next years, INC will show a quite strong growth in Revenue. The Revenue will grow by 12.42% on average per year.
EPS Next Y70%
EPS Next 2Y58.11%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year17.27%
Revenue Next 2Y17.48%
Revenue Next 3Y12.42%
Revenue Next 5YN/A

3.3 Evolution

  • The estimated forward Revenue growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
INC.MI Yearly Revenue VS EstimatesINC.MI Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 100M 200M 300M 400M
INC.MI Yearly EPS VS EstimatesINC.MI Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2022 2023 2024 2025 2026 0 0.1 -0.1 0.2

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5

4. INC.MI Valuation Analysis

4.1 Price/Earnings Ratio

  • The Price/Earnings Ratio is negative for INC. In the last year negative earnings were reported.
  • The Price/Forward Earnings ratio is 0.81, which indicates a rather cheap valuation of INC.
  • 100.00% of the companies in the same industry are more expensive than INC, based on the Price/Forward Earnings ratio.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 24.12, INC is valued rather cheaply.
Industry RankSector Rank
PE N/A
Fwd PE 0.81
INC.MI Price Earnings VS Forward Price EarningsINC.MI Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 10 20 30 40

4.2 Price Multiples

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of INC indicates a rather cheap valuation: INC is cheaper than 100.00% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 2.04
INC.MI Per share dataINC.MI EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 0.2 0.4 0.6 0.8 1

4.3 Compensation for Growth

  • INC's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • A more expensive valuation may be justified as INC's earnings are expected to grow with 58.11% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y58.11%
EPS Next 3YN/A

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

0

5. INC.MI Dividend Analysis

5.1 Amount

  • No dividends for INC!.
Industry RankSector Rank
Dividend Yield 0%

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INC.MI Fundamentals: All Metrics, Ratios and Statistics

INNOVATEC SPA

BIT:INC (3/16/2026, 7:00:00 PM)

0.205

0 (-2.15%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryElectrical Equipment
Earnings (Last)N/A
Earnings (Next)N/A
Inst Owners0.39%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap19.77M
Revenue(TTM)118.57M
Net Income(TTM)-9.32M
Analysts45.71
Price Target0.31 (51.22%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 0%
Yearly DividendN/A
Dividend Growth(5Y)N/A
DP0%
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 N/A
Fwd PE 0.81
P/S 0.17
P/FCF N/A
P/OCF 2.08
P/B 2.09
P/tB N/A
EV/EBITDA 2.04
EPS(TTM)-0.1
EYN/A
EPS(NY)0.25
Fwd EY123.17%
FCF(TTM)-0.16
FCFYN/A
OCF(TTM)0.1
OCFY48.03%
SpS1.23
BVpS0.1
TBVpS-0.01
PEG (NY)N/A
PEG (5Y)N/A
Graham NumberN/A
Profitability
Industry RankSector Rank
ROA -13.05%
ROE -98.27%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 33.59%
FCFM N/A
ROA(3y)0.36%
ROA(5y)1.03%
ROE(3y)-2.06%
ROE(5y)4.57%
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
ROICexgc growth 3YN/A
ROICexgc 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 3Y-3.41%
GM growth 5Y5.98%
F-Score6
Asset Turnover1.66
Health
Industry RankSector Rank
Debt/Equity 0.38
Debt/FCF N/A
Debt/EBITDA 0.34
Cap/Depr 149.03%
Cap/Sales 21.2%
Interest Coverage N/A
Cash Conversion 88.94%
Profit Quality N/A
Current Ratio 0.98
Quick Ratio 0.47
Altman-Z 1.48
F-Score6
WACC6.21%
ROIC/WACCN/A
Cap/Depr(3y)126.11%
Cap/Depr(5y)146.54%
Cap/Sales(3y)8.41%
Cap/Sales(5y)7.08%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-785.11%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%61.54%
EPS Next Y70%
EPS Next 2Y58.11%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-48.14%
Revenue growth 3Y15.33%
Revenue growth 5Y37.55%
Sales Q2Q%-89.43%
Revenue Next Year17.27%
Revenue Next 2Y17.48%
Revenue Next 3Y12.42%
Revenue Next 5YN/A
EBIT growth 1Y-144.83%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year135.95%
EBIT Next 3Y45.25%
EBIT Next 5YN/A
FCF growth 1Y-650.77%
FCF growth 3Y-41.71%
FCF growth 5Y-21.78%
OCF growth 1Y-38.94%
OCF growth 3Y8.36%
OCF growth 5Y14.62%

INNOVATEC SPA / INC.MI Fundamental Analysis FAQ

What is the fundamental rating for INC stock?

ChartMill assigns a fundamental rating of 3 / 10 to INC.MI.


What is the valuation status for INC stock?

ChartMill assigns a valuation rating of 5 / 10 to INNOVATEC SPA (INC.MI). This can be considered as Fairly Valued.


What is the profitability of INC stock?

INNOVATEC SPA (INC.MI) has a profitability rating of 2 / 10.


How financially healthy is INNOVATEC SPA?

The financial health rating of INNOVATEC SPA (INC.MI) is 2 / 10.