INDEL B SPA (INDB.MI) Stock Fundamental Analysis
BIT:INDB - Euronext Milan - IT0005245508 - Common Stock - Currency: EUR
We assign a fundamental rating of 5 out of 10 to INDB. INDB was compared to 35 industry peers in the Household Durables industry. INDB has an excellent financial health rating, but there are some minor concerns on its profitability. INDB has a valuation in line with the averages, but it does not seem to be growing.
1. Profitability
1.1 Basic Checks
INDB had positive earnings in the past year.
INDB had a positive operating cash flow in the past year.
INDB had positive earnings in each of the past 5 years.
Of the past 5 years INDB 4 years had a positive operating cash flow.
1.2 Ratios
INDB has a Return On Assets of 5.23%. This is in the better half of the industry: INDB outperforms 80.00% of its industry peers.
INDB's Return On Equity of 8.61% is fine compared to the rest of the industry. INDB outperforms 65.71% of its industry peers.
INDB has a Return On Invested Capital (6.79%) which is in line with its industry peers.
The Average Return On Invested Capital over the past 3 years for INDB is significantly below the industry average of 14.64%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.23% | ||
| ROE | 8.61% | ||
| ROIC | 6.79% |
ROA(3y)5.09%
ROA(5y)6.04%
ROE(3y)8.94%
ROE(5y)10.97%
ROIC(3y)7.68%
ROIC(5y)7.55%
1.3 Margins
The Profit Margin of INDB (5.34%) is better than 74.29% of its industry peers.
INDB's Profit Margin has declined in the last couple of years.
INDB has a Operating Margin (6.74%) which is comparable to the rest of the industry.
INDB's Operating Margin has declined in the last couple of years.
INDB has a Gross Margin (42.99%) which is comparable to the rest of the industry.
In the last couple of years the Gross Margin of INDB has remained more or less at the same level.
| Industry Rank | Sector 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%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so INDB is still creating some value.
INDB has less shares outstanding than it did 1 year ago.
The number of shares outstanding for INDB has been reduced compared to 5 years ago.
INDB has a better debt/assets ratio than last year.
2.2 Solvency
An Altman-Z score of 2.45 indicates that INDB is not a great score, but indicates only limited risk for bankruptcy at the moment.
The Altman-Z score of INDB (2.45) is better than 65.71% of its industry peers.
INDB has a debt to FCF ratio of 3.11. This is a good value and a sign of high solvency as INDB would need 3.11 years to pay back of all of its debts.
With an excellent Debt to FCF ratio value of 3.11, INDB belongs to the best of the industry, outperforming 82.86% of the companies in the same industry.
INDB has a Debt/Equity ratio of 0.09. This is a healthy value indicating a solid balance between debt and equity.
Looking at the Debt to Equity ratio, with a value of 0.09, INDB belongs to the top of the industry, outperforming 91.43% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.09 | ||
| Debt/FCF | 3.11 | ||
| Altman-Z | 2.45 |
ROIC/WACC1.01
WACC6.72%
2.3 Liquidity
INDB has a Current Ratio of 1.97. This is a normal value and indicates that INDB is financially healthy and should not expect problems in meeting its short term obligations.
The Current ratio of INDB (1.97) is better than 71.43% of its industry peers.
INDB has a Quick Ratio of 1.97. This is a bad value and indicates that INDB is not financially healthy enough and could expect problems in meeting its short term obligations.
INDB has a Quick ratio of 0.92. This is comparable to the rest of the industry: INDB outperforms 54.29% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.97 | ||
| Quick Ratio | 0.92 |
3. Growth
3.1 Past
The Earnings Per Share has been growing slightly by 5.59% over the past year.
Measured over the past years, INDB shows a decrease in Earnings Per Share. The EPS has been decreasing by -6.26% on average per year.
Looking at the last year, INDB shows a decrease in Revenue. The Revenue has decreased by -9.76% in the last year.
INDB shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 5.55% yearly.
EPS 1Y (TTM)5.59%
EPS 3Y-22.76%
EPS 5Y-6.26%
EPS Q2Q%114.82%
Revenue 1Y (TTM)-9.76%
Revenue growth 3Y2.41%
Revenue growth 5Y5.55%
Sales Q2Q%-9.5%
3.2 Future
INDB is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 3.28% yearly.
INDB is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 2.08% yearly.
EPS Next Y-20.44%
EPS Next 2Y3.28%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year-1.33%
Revenue Next 2Y1.91%
Revenue Next 3Y2.08%
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.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 9.54, the valuation of INDB can be described as reasonable.
Based on the Price/Earnings ratio, INDB is valued a bit cheaper than the industry average as 74.29% of the companies are valued more expensively.
INDB's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 28.04.
A Price/Forward Earnings ratio of 10.24 indicates a reasonable valuation of INDB.
INDB's Price/Forward Earnings ratio is in line with the industry average.
INDB's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 37.64.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.54 | ||
| Fwd PE | 10.24 |
4.2 Price Multiples
INDB's Enterprise Value to EBITDA ratio is in line with the industry average.
The rest of the industry has a similar Price/Free Cash Flow ratio as INDB.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 12.78 | ||
| EV/EBITDA | 6.16 |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y3.28%
EPS Next 3YN/A
5. Dividend
5.1 Amount
INDB has a Yearly Dividend Yield of 4.30%, which is a nice return.
Compared to an average industry Dividend Yield of 4.68, INDB pays a bit more dividend than its industry peers.
INDB's Dividend Yield is rather good when compared to the S&P500 average which is at 2.31.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.3% |
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
INDB pays out 43.40% of its income as dividend. This is a bit on the high side, but may be sustainable.
The dividend of INDB is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP43.4%
EPS Next 2Y3.28%
EPS Next 3YN/A
BIT:INDB (7/24/2025, 10:30:59 AM)
18.7
-0.2 (-1.06%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Durables & Apparel
GICS IndustryHousehold Durables
Earnings (Last)
Earnings (Next)
Inst Owners11.64%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap109.21M
Analysts42.22
Price Target25.5 (36.36%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.3% |
Yearly Dividend0.85
Dividend Growth(5Y)4.11%
DP43.4%
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)4.17%
PT rev (3m)4.17%
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 Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.54 | ||
| Fwd PE | 10.24 | ||
| P/S | 0.55 | ||
| P/FCF | 12.78 | ||
| P/OCF | 6.32 | ||
| P/B | 0.88 | ||
| P/tB | 1.02 | ||
| EV/EBITDA | 6.16 |
EPS(TTM)1.96
EY10.48%
EPS(NY)1.83
Fwd EY9.76%
FCF(TTM)1.46
FCFY7.83%
OCF(TTM)2.96
OCFY15.83%
SpS34.17
BVpS21.19
TBVpS18.27
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.23% | ||
| ROE | 8.61% | ||
| ROCE | 9.44% | ||
| ROIC | 6.79% | ||
| ROICexc | 7.66% | ||
| ROICexgc | 8.85% | ||
| OM | 6.74% | ||
| PM (TTM) | 5.34% | ||
| GM | 42.99% | ||
| FCFM | 4.28% |
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%
ROICexcg growth 3Y-10.76%
ROICexcg 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-Score7
Asset Turnover0.98
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.09 | ||
| Debt/FCF | 3.11 | ||
| Debt/EBITDA | 0.56 | ||
| Cap/Depr | 148.68% | ||
| Cap/Sales | 4.38% | ||
| Interest Coverage | 13.09 | ||
| Cash Conversion | 89.46% | ||
| Profit Quality | 80.18% | ||
| Current Ratio | 1.97 | ||
| Quick Ratio | 0.92 | ||
| Altman-Z | 2.45 |
F-Score7
WACC6.72%
ROIC/WACC1.01
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%114.82%
EPS Next Y-20.44%
EPS Next 2Y3.28%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-9.76%
Revenue growth 3Y2.41%
Revenue growth 5Y5.55%
Sales Q2Q%-9.5%
Revenue Next Year-1.33%
Revenue Next 2Y1.91%
Revenue Next 3Y2.08%
Revenue Next 5YN/A
EBIT growth 1Y-16.48%
EBIT growth 3Y-6.57%
EBIT growth 5Y-4.44%
EBIT Next Year25.15%
EBIT Next 3Y17.08%
EBIT Next 5YN/A
FCF growth 1Y-65.56%
FCF growth 3YN/A
FCF growth 5Y2.06%
OCF growth 1Y-48.25%
OCF growth 3Y45.93%
OCF growth 5Y1.35%