INDEL B SPA (INDB.MI) Stock Fundamental Analysis
BIT:INDB - Euronext Milan - IT0005245508 - Common Stock - Currency: EUR
INDB gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 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 on the other hand it scores bad on growth.
1. Profitability
1.1 Basic Checks
In the past year INDB was profitable.
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's Return On Assets of 5.23% is fine compared to the rest of the industry. INDB outperforms 80.00% of its industry peers.
The Return On Equity of INDB (8.61%) is better than 65.71% of its industry peers.
INDB's Return On Invested Capital of 6.79% is in line compared to the rest of the industry. INDB outperforms 57.14% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital 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
Looking at the Profit Margin, with a value of 5.34%, INDB is in the better half of the industry, outperforming 74.29% of the companies in the same industry.
In the last couple of years the Profit Margin of INDB has declined.
With a Operating Margin value of 6.74%, INDB perfoms like the industry average, outperforming 57.14% of the companies in the same 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
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), INDB is creating some value.
Compared to 1 year ago, INDB has less shares outstanding
INDB has less shares outstanding than it did 5 years ago.
Compared to 1 year ago, INDB has an improved debt to assets ratio.
2.2 Solvency
INDB has an Altman-Z score of 2.46. 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.
With a decent Altman-Z score value of 2.46, INDB is doing good in the industry, outperforming 65.71% of the companies in the same industry.
The Debt to FCF ratio of INDB is 3.11, which is a good value as it means it would take INDB, 3.11 years of fcf income to pay off all of its debts.
INDB has a better Debt to FCF ratio (3.11) than 82.86% of its industry peers.
A Debt/Equity ratio of 0.09 indicates that INDB is not too dependend on debt financing.
INDB has a Debt to Equity ratio of 0.09. This is amongst the best in the industry. INDB outperforms 91.43% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.09 | ||
| Debt/FCF | 3.11 | ||
| Altman-Z | 2.46 |
ROIC/WACC1.01
WACC6.73%
2.3 Liquidity
A Current Ratio of 1.97 indicates that INDB should not have too much problems paying its short term obligations.
INDB has a Current ratio of 1.97. This is in the better half of the industry: INDB outperforms 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 (0.92) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.97 | ||
| Quick Ratio | 0.92 |
3. Growth
3.1 Past
INDB shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 5.59%.
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.
The Revenue has decreased by -9.76% in the past year.
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%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.
The Revenue is expected to grow by 2.08% on average over the next years.
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
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
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
With a Price/Earnings ratio of 9.54, the valuation of INDB can be described as very reasonable.
INDB's Price/Earnings ratio is a bit cheaper when compared to the industry. INDB is cheaper than 74.29% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 27.69, INDB is valued rather cheaply.
Based on the Price/Forward Earnings ratio of 10.24, the valuation of INDB can be described as reasonable.
The rest of the industry has a similar Price/Forward Earnings ratio as INDB.
INDB's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 37.36.
| 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.
INDB's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. INDB is cheaper than 62.86% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 12.78 | ||
| EV/EBITDA | 6.22 |
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
With a Yearly Dividend Yield of 4.26%, INDB is a good candidate for dividend investing.
INDB's Dividend Yield is a higher than the industry average which is at 4.65.
INDB's Dividend Yield is rather good when compared to the S&P500 average which is at 2.34.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.26% |
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.
INDB's earnings are growing slower than its dividend. 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 | 4.26% |
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 | 6.22 |
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 | 2.46 |
F-Score7
WACC6.73%
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%