INDEL B SPA (INDB.MI) Fundamental Analysis & Valuation

BIT:INDB • IT0005245508

Current stock price

19.15 EUR
-0.15 (-0.78%)
Last:

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

5

1. INDB.MI Profitability Analysis

1.1 Basic Checks

  • INDB had positive earnings in the past year.
  • INDB had a positive operating cash flow in the past year.
  • Each year in the past 5 years INDB has been profitable.
  • INDB had a positive operating cash flow in 4 of the past 5 years.
INDB.MI Yearly Net Income VS EBIT VS OCF VS FCFINDB.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 10M -10M 20M 30M

1.2 Ratios

  • INDB has a better Return On Assets (4.08%) than 78.79% of its industry peers.
  • The Return On Equity of INDB (7.64%) is better than 72.73% of its industry peers.
  • INDB's Return On Invested Capital of 5.27% is fine compared to the rest of the industry. INDB outperforms 60.61% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for INDB is below the industry average of 9.99%.
Industry RankSector Rank
ROA 4.08%
ROE 7.64%
ROIC 5.27%
ROA(3y)5.09%
ROA(5y)6.04%
ROE(3y)8.94%
ROE(5y)10.97%
ROIC(3y)7.68%
ROIC(5y)7.55%
INDB.MI Yearly ROA, ROE, ROICINDB.MI Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 5 10 15 20 25

1.3 Margins

  • INDB has a Profit Margin of 5.34%. This is amongst the best in the industry. INDB outperforms 81.82% of its industry peers.
  • In the last couple of years the Profit Margin of INDB has declined.
  • The Operating Margin of INDB (6.74%) is better than 66.67% of its industry peers.
  • INDB's Operating Margin has declined in the last couple of years.
  • Looking at the Gross Margin, with a value of 42.99%, INDB is in line with its industry, outperforming 57.58% of the companies in the same industry.
  • In the last couple of years the Gross Margin of INDB has remained more or less at the same level.
Industry RankSector Rank
OM 6.74%
PM (TTM) 5.34%
GM 42.99%
OM growth 3Y-8.77%
OM growth 5Y-9.46%
PM growth 3Y-25.75%
PM growth 5Y-12.36%
GM growth 3Y-2.24%
GM growth 5Y0.07%
INDB.MI Yearly Profit, Operating, Gross MarginsINDB.MI Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 10 20 30 40

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ROAROEROICOperating and Profit MarginShow most profitable peers

6

2. INDB.MI Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), INDB is creating some value.
  • The number of shares outstanding for INDB has been reduced compared to 1 year ago.
  • The number of shares outstanding for INDB has been reduced compared to 5 years ago.
  • The debt/assets ratio for INDB has been reduced compared to a year ago.
INDB.MI Yearly Shares OutstandingINDB.MI Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 1M 2M 3M 4M 5M
INDB.MI Yearly Total Debt VS Total AssetsINDB.MI Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M 200M

2.2 Solvency

  • INDB has an Altman-Z score of 1.98. This is not the best score and indicates that INDB is in the grey zone with still only limited risk for bankruptcy at the moment.
  • INDB has a Altman-Z score (1.98) which is in line with its industry peers.
  • The Debt to FCF ratio of INDB is 9.81, which is on the high side as it means it would take INDB, 9.81 years of fcf income to pay off all of its debts.
  • The Debt to FCF ratio of INDB (9.81) is better than 60.61% of its industry peers.
  • A Debt/Equity ratio of 0.26 indicates that INDB is not too dependend on debt financing.
  • With a decent Debt to Equity ratio value of 0.26, INDB is doing good in the industry, outperforming 72.73% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.26
Debt/FCF 9.81
Altman-Z 1.98
ROIC/WACC0.78
WACC6.74%
INDB.MI Yearly LT Debt VS Equity VS FCFINDB.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 60M 80M 100M

2.3 Liquidity

  • A Current Ratio of 2.05 indicates that INDB has no problem at all paying its short term obligations.
  • With a decent Current ratio value of 2.05, INDB is doing good in the industry, outperforming 75.76% of the companies in the same industry.
  • A Quick Ratio of 1.10 indicates that INDB should not have too much problems paying its short term obligations.
  • The Quick ratio of INDB (1.10) is better than 78.79% of its industry peers.
Industry RankSector Rank
Current Ratio 2.05
Quick Ratio 1.1
INDB.MI Yearly Current Assets VS Current LiabilitesINDB.MI Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M

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

3

3. INDB.MI Growth Analysis

3.1 Past

  • INDB shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 5.59%.
  • INDB shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -6.26% yearly.
  • INDB shows a decrease in Revenue. In the last year, the revenue decreased by -9.76%.
  • Measured over the past years, INDB shows a small growth in Revenue. The Revenue has been growing by 5.55% on average per year.
EPS 1Y (TTM)5.59%
EPS 3Y-22.76%
EPS 5Y-6.26%
EPS Q2Q%174.19%
Revenue 1Y (TTM)-9.76%
Revenue growth 3Y2.41%
Revenue growth 5Y5.55%
Sales Q2Q%-1.94%

3.2 Future

  • INDB is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 10.31% yearly.
  • The Revenue is expected to grow by 3.80% on average over the next years.
EPS Next Y-7.11%
EPS Next 2Y13.33%
EPS Next 3Y10.31%
EPS Next 5YN/A
Revenue Next Year0.45%
Revenue Next 2Y4.34%
Revenue Next 3Y3.8%
Revenue Next 5YN/A

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
INDB.MI Yearly Revenue VS EstimatesINDB.MI Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 50M 100M 150M 200M
INDB.MI Yearly EPS VS EstimatesINDB.MI Yearly EPS VS EstimatesYearly EPS VS Estimates 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 1 2 3

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5

4. INDB.MI Valuation Analysis

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 9.77, which indicates a very decent valuation of INDB.
  • Based on the Price/Earnings ratio, INDB is valued a bit cheaper than the industry average as 75.76% of the companies are valued more expensively.
  • INDB is valuated cheaply when we compare the Price/Earnings ratio to 25.70, which is the current average of the S&P500 Index.
  • Based on the Price/Forward Earnings ratio of 6.50, the valuation of INDB can be described as very cheap.
  • 78.79% of the companies in the same industry are more expensive than INDB, based on the Price/Forward Earnings ratio.
  • The average S&P500 Price/Forward Earnings ratio is at 23.84. INDB is valued rather cheaply when compared to this.
Industry RankSector Rank
PE 9.77
Fwd PE 6.5
INDB.MI Price Earnings VS Forward Price EarningsINDB.MI Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • The rest of the industry has a similar Enterprise Value to EBITDA ratio as INDB.
  • Based on the Price/Free Cash Flow ratio, INDB is valued a bit cheaper than the industry average as 60.61% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 18.35
EV/EBITDA 7.01
INDB.MI Per share dataINDB.MI EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30

4.3 Compensation for Growth

PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y13.33%
EPS Next 3Y10.31%

More info and screens

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

7

5. INDB.MI Dividend Analysis

5.1 Amount

  • INDB has a Yearly Dividend Yield of 4.05%, which is a nice return.
  • INDB's Dividend Yield is a higher than the industry average which is at 2.84.
  • Compared to an average S&P500 Dividend Yield of 1.89, INDB pays a better dividend.
Industry RankSector Rank
Dividend Yield 4.05%

5.2 History

  • The dividend of INDB has a limited annual growth rate of 4.11%.
Dividend Growth(5Y)4.11%
Div Incr Years0
Div Non Decr Years0

5.3 Sustainability

  • 41.75% of the earnings are spent on dividend by INDB. This is a bit on the high side, but may be sustainable.
  • INDB's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP41.75%
EPS Next 2Y13.33%
EPS Next 3Y10.31%
INDB.MI Yearly Income VS Free CF VS DividendINDB.MI Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10M -10M 20M
INDB.MI Dividend Payout.INDB.MI Dividend Payout, showing the Payout Ratio.INDB.MI Dividend Payout.PayoutRetained Earnings

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INDB.MI Fundamentals: All Metrics, Ratios and Statistics

INDEL B SPA

BIT:INDB (3/13/2026, 3:04:06 PM)

19.15

-0.15 (-0.78%)

Chartmill FA Rating
GICS IndustryGroupConsumer Durables & Apparel
GICS IndustryHousehold Durables
Earnings (Last)10-23
Earnings (Next)04-10
Inst Owners10.2%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap111.84M
Revenue(TTM)199.57M
Net Income(TTM)10.66M
Analysts42.22
Price Target26.52 (38.49%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 4.05%
Yearly Dividend0.85
Dividend Growth(5Y)4.11%
DP41.75%
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 9.77
Fwd PE 6.5
P/S 0.56
P/FCF 18.35
P/OCF 7.98
P/B 0.8
P/tB 1.16
EV/EBITDA 7.01
EPS(TTM)1.96
EY10.23%
EPS(NY)2.95
Fwd EY15.39%
FCF(TTM)1.04
FCFY5.45%
OCF(TTM)2.4
OCFY12.54%
SpS34.17
BVpS23.88
TBVpS16.47
PEG (NY)N/A
PEG (5Y)N/A
Graham Number32.45
Profitability
Industry RankSector Rank
ROA 4.08%
ROE 7.64%
ROCE 7.35%
ROIC 5.27%
ROICexc 6.37%
ROICexgc 8.89%
OM 6.74%
PM (TTM) 5.34%
GM 42.99%
FCFM 3.05%
ROA(3y)5.09%
ROA(5y)6.04%
ROE(3y)8.94%
ROE(5y)10.97%
ROIC(3y)7.68%
ROIC(5y)7.55%
ROICexc(3y)9.07%
ROICexc(5y)9.38%
ROICexgc(3y)10.58%
ROICexgc(5y)11.18%
ROCE(3y)10.7%
ROCE(5y)10.5%
ROICexgc growth 3Y-10.76%
ROICexgc growth 5Y-10.12%
ROICexc growth 3Y-9.04%
ROICexc growth 5Y-9.21%
OM growth 3Y-8.77%
OM growth 5Y-9.46%
PM growth 3Y-25.75%
PM growth 5Y-12.36%
GM growth 3Y-2.24%
GM growth 5Y0.07%
F-Score6
Asset Turnover0.76
Health
Industry RankSector Rank
Debt/Equity 0.26
Debt/FCF 9.81
Debt/EBITDA 1.84
Cap/Depr 126.12%
Cap/Sales 3.97%
Interest Coverage 10.53
Cash Conversion 71.05%
Profit Quality 57.19%
Current Ratio 2.05
Quick Ratio 1.1
Altman-Z 1.98
F-Score6
WACC6.74%
ROIC/WACC0.78
Cap/Depr(3y)130.37%
Cap/Depr(5y)133.09%
Cap/Sales(3y)3.54%
Cap/Sales(5y)3.91%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)5.59%
EPS 3Y-22.76%
EPS 5Y-6.26%
EPS Q2Q%174.19%
EPS Next Y-7.11%
EPS Next 2Y13.33%
EPS Next 3Y10.31%
EPS Next 5YN/A
Revenue 1Y (TTM)-9.76%
Revenue growth 3Y2.41%
Revenue growth 5Y5.55%
Sales Q2Q%-1.94%
Revenue Next Year0.45%
Revenue Next 2Y4.34%
Revenue Next 3Y3.8%
Revenue Next 5YN/A
EBIT growth 1Y-16.48%
EBIT growth 3Y-6.57%
EBIT growth 5Y-4.44%
EBIT Next Year41.32%
EBIT Next 3Y23.16%
EBIT Next 5YN/A
FCF growth 1Y-64.2%
FCF growth 3YN/A
FCF growth 5Y2.06%
OCF growth 1Y-35.1%
OCF growth 3Y45.93%
OCF growth 5Y1.35%

INDEL B SPA / INDB.MI Fundamental Analysis FAQ

Can you provide the ChartMill fundamental rating for INDEL B SPA?

ChartMill assigns a fundamental rating of 5 / 10 to INDB.MI.


What is the valuation status for INDB stock?

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


How profitable is INDEL B SPA (INDB.MI) stock?

INDEL B SPA (INDB.MI) has a profitability rating of 5 / 10.


How financially healthy is INDEL B SPA?

The financial health rating of INDEL B SPA (INDB.MI) is 6 / 10.


What is the earnings growth outlook for INDEL B SPA?

The Earnings per Share (EPS) of INDEL B SPA (INDB.MI) is expected to decline by -7.11% in the next year.