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INNOVATEC SPA (INC.MI) Stock Fundamental Analysis

BIT:INC - IT0005412298 - Common Stock

0.254 EUR
-0.01 (-4.51%)
Last: 9/9/2025, 7:00:00 PM
Fundamental Rating

3

Overall INC gets a fundamental rating of 3 out of 10. We evaluated INC against 58 industry peers in the Electrical Equipment industry. Both the profitability and financial health of INC have multiple concerns. INC scores decently on growth, while it is valued quite cheap. This could make an interesting combination.


Dividend Valuation Growth Profitability Health

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2

1. Profitability

1.1 Basic Checks

In the past year INC has reported negative net income.
In the past year INC had a positive cash flow from operations.
Of the past 5 years INC 4 years were profitable.
INC had a positive operating cash flow in each of the past 5 years.
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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20M -20M

1.2 Ratios

The Return On Assets of INC (-3.14%) is comparable to the rest of the industry.
INC's Return On Equity of -31.77% is on the low side compared to the rest of the industry. INC is outperformed by 77.59% of its industry peers.
Industry RankSector Rank
ROA -3.14%
ROE -31.77%
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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 50 -50 100 -100 150

1.3 Margins

The Gross Margin of INC (32.52%) is worse than 60.34% of its industry peers.
INC's Gross Margin has improved in the last couple of years.
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 32.52%
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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 50 -50

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1

2. Health

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.
The debt/assets ratio for INC has been reduced compared to a year ago.
INC.MI Yearly Shares OutstandingINC.MI Yearly Shares OutstandingYearly Shares Outstanding 2015 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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M

2.2 Solvency

Based on the Altman-Z score of 0.62, we must say that INC is in the distress zone and has some risk of bankruptcy.
With a Altman-Z score value of 0.62, INC is not doing good in the industry: 77.59% of the companies in the same industry are doing better.
INC has a debt to FCF ratio of 24.49. This is a negative value and a sign of low solvency as INC would need 24.49 years to pay back of all of its debts.
INC has a Debt to FCF ratio of 24.49. This is comparable to the rest of the industry: INC outperforms 53.45% of its industry peers.
A Debt/Equity ratio of 1.45 is on the high side and indicates that INC has dependencies on debt financing.
Looking at the Debt to Equity ratio, with a value of 1.45, INC is doing worse than 84.48% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 1.45
Debt/FCF 24.49
Altman-Z 0.62
ROIC/WACCN/A
WACC6.63%
INC.MI Yearly LT Debt VS Equity VS FCFINC.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

2.3 Liquidity

A Current Ratio of 0.78 indicates that INC may have some problems paying its short term obligations.
INC has a worse Current ratio (0.78) than 93.10% of its industry peers.
A Quick Ratio of 0.61 indicates that INC may have some problems paying its short term obligations.
INC has a worse Quick ratio (0.61) than 86.21% of its industry peers.
Industry RankSector Rank
Current Ratio 0.78
Quick Ratio 0.61
INC.MI Yearly Current Assets VS Current LiabilitesINC.MI Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M

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5

3. Growth

3.1 Past

INC shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -17666.67%.
Looking at the last year, INC shows a decrease in Revenue. The Revenue has decreased by -2.74% in the last year.
Measured over the past years, INC shows a very strong growth in Revenue. The Revenue has been growing by 37.55% on average per year.
EPS 1Y (TTM)-17666.67%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-420.77%
Revenue 1Y (TTM)-2.74%
Revenue growth 3Y15.33%
Revenue growth 5Y37.55%
Sales Q2Q%-14.32%

3.2 Future

The Earnings Per Share is expected to grow by 58.11% on average over the next years. This is a very strong growth
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

Although the future Revenue growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
INC.MI Yearly Revenue VS EstimatesINC.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 400M
INC.MI Yearly EPS VS EstimatesINC.MI Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2022 2023 2024 2025 2026 0 0.1 -0.1 0.2

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7

4. Valuation

4.1 Price/Earnings Ratio

INC reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
With a Price/Forward Earnings ratio of 1.48, the valuation of INC can be described as very cheap.
100.00% of the companies in the same industry are more expensive than INC, based on the Price/Forward Earnings ratio.
INC's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 22.54.
Industry RankSector Rank
PE N/A
Fwd PE 1.48
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 50

4.2 Price Multiples

94.83% of the companies in the same industry are more expensive than INC, based on the Enterprise Value to EBITDA ratio.
Based on the Price/Free Cash Flow ratio, INC is valued cheaper than 87.93% of the companies in the same industry.
Industry RankSector Rank
P/FCF 8.4
EV/EBITDA 3.41
INC.MI Per share dataINC.MI EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 0.5 1 1.5 2

4.3 Compensation for Growth

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

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0

5. Dividend

5.1 Amount

INC does not give a dividend.
Industry RankSector Rank
Dividend Yield N/A

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INNOVATEC SPA

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

0.254

-0.01 (-4.51%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryElectrical Equipment
Earnings (Last)N/A N/A
Earnings (Next)N/A N/A
Inst Owners0.39%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap24.50M
Analysts80
Price Target1.84 (624.41%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield N/A
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 1.48
P/S 0.12
P/FCF 8.4
P/OCF 0.85
P/B 0.77
P/tB N/A
EV/EBITDA 3.41
EPS(TTM)-0.11
EYN/A
EPS(NY)0.17
Fwd EY67.6%
FCF(TTM)0.03
FCFY11.9%
OCF(TTM)0.3
OCFY117.81%
SpS2.2
BVpS0.33
TBVpS-0.47
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -3.14%
ROE -31.77%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 32.52%
FCFM 1.38%
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
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 3Y-3.41%
GM growth 5Y5.98%
F-Score4
Asset Turnover0.66
Health
Industry RankSector Rank
Debt/Equity 1.45
Debt/FCF 24.49
Debt/EBITDA 1.84
Cap/Depr 97.86%
Cap/Sales 12.23%
Interest Coverage N/A
Cash Conversion 114.07%
Profit Quality N/A
Current Ratio 0.78
Quick Ratio 0.61
Altman-Z 0.62
F-Score4
WACC6.63%
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)-17666.67%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-420.77%
EPS Next Y70%
EPS Next 2Y58.11%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-2.74%
Revenue growth 3Y15.33%
Revenue growth 5Y37.55%
Sales Q2Q%-14.32%
Revenue Next Year17.27%
Revenue Next 2Y17.48%
Revenue Next 3Y12.42%
Revenue Next 5YN/A
EBIT growth 1Y-109.94%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year135.95%
EBIT Next 3Y45.25%
EBIT Next 5YN/A
FCF growth 1Y152.72%
FCF growth 3Y-41.71%
FCF growth 5Y-21.78%
OCF growth 1Y309.11%
OCF growth 3Y8.36%
OCF growth 5Y14.62%