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INNODATA INC (INOD) Stock Fundamental Analysis

NASDAQ:INOD - Nasdaq - US4576422053 - Common Stock - Currency: USD

49.995  +0.14 (+0.29%)

Fundamental Rating

5

Overall INOD gets a fundamental rating of 5 out of 10. We evaluated INOD against 82 industry peers in the Professional Services industry. While INOD has a great health rating, its profitability is only average at the moment. INOD shows excellent growth, but is valued quite expensive already.


Dividend Valuation Growth Profitability Health

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4

1. Profitability

1.1 Basic Checks

In the past year INOD was profitable.
INOD had a positive operating cash flow in the past year.
In multiple years INOD reported negative net income over the last 5 years.
INOD had a positive operating cash flow in 4 of the past 5 years.
INOD Yearly Net Income VS EBIT VS OCF VS FCFINOD 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 10M -10M 20M 30M

1.2 Ratios

The Return On Assets of INOD (28.32%) is better than 97.56% of its industry peers.
The Return On Equity of INOD (46.97%) is better than 90.24% of its industry peers.
Industry RankSector Rank
ROA 28.32%
ROE 46.97%
ROIC N/A
ROA(3y)-0.37%
ROA(5y)-0.57%
ROE(3y)-7.33%
ROE(5y)-5.1%
ROIC(3y)N/A
ROIC(5y)N/A
INOD Yearly ROA, ROE, ROICINOD Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20 -20 40 -40 -60

1.3 Margins

The Profit Margin of INOD (17.53%) is better than 87.80% of its industry peers.
INOD does not have Operating Margin and Gross Margin available, so we won't be analyzing them here.
Industry RankSector Rank
OM N/A
PM (TTM) 17.53%
GM N/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
INOD Yearly Profit, Operating, Gross MarginsINOD Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10 -10 20 30

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8

2. Health

2.1 Basic Checks

INOD does not have a ROIC to compare to the WACC, probably because it is not profitable.
The number of shares outstanding for INOD has been increased compared to 1 year ago.
The number of shares outstanding for INOD has been increased compared to 5 years ago.
Compared to 1 year ago, INOD has an improved debt to assets ratio.
INOD Yearly Shares OutstandingINOD Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10M 20M 30M
INOD Yearly Total Debt VS Total AssetsINOD Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M 80M 100M

2.2 Solvency

INOD has an Altman-Z score of 12.11. This indicates that INOD is financially healthy and has little risk of bankruptcy at the moment.
INOD has a Altman-Z score of 12.11. This is amongst the best in the industry. INOD outperforms 97.56% of its industry peers.
The Debt to FCF ratio of INOD is 0.28, which is an excellent value as it means it would take INOD, only 0.28 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of INOD (0.28) is better than 84.15% of its industry peers.
INOD 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, INOD is in the better half of the industry, outperforming 68.29% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.09
Debt/FCF 0.28
Altman-Z 12.11
ROIC/WACCN/A
WACC9.11%
INOD Yearly LT Debt VS Equity VS FCFINOD 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 60M

2.3 Liquidity

INOD has a Current Ratio of 2.36. This indicates that INOD is financially healthy and has no problem in meeting its short term obligations.
INOD's Current ratio of 2.36 is amongst the best of the industry. INOD outperforms 82.93% of its industry peers.
INOD has a Quick Ratio of 2.36. This indicates that INOD is financially healthy and has no problem in meeting its short term obligations.
With an excellent Quick ratio value of 2.36, INOD belongs to the best of the industry, outperforming 82.93% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 2.36
Quick Ratio 2.36
INOD Yearly Current Assets VS Current LiabilitesINOD Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M 80M

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8

3. Growth

3.1 Past

INOD shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 1633.33%, which is quite impressive.
INOD shows a strong growth in Revenue. In the last year, the Revenue has grown by 114.20%.
The Revenue has been growing by 25.00% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)1633.33%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%633.33%
Revenue 1Y (TTM)114.2%
Revenue growth 3Y34.69%
Revenue growth 5Y25%
Sales Q2Q%120.17%

3.2 Future

The Earnings Per Share is expected to grow by 15.98% on average over the next years. This is quite good.
The Revenue is expected to grow by 23.97% on average over the next years. This is a very strong growth
EPS Next Y-12.86%
EPS Next 2Y12.96%
EPS Next 3Y15.98%
EPS Next 5YN/A
Revenue Next Year46.77%
Revenue Next 2Y34.16%
Revenue Next 3Y23.97%
Revenue Next 5YN/A

3.3 Evolution

When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
INOD Yearly Revenue VS EstimatesINOD Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 100M 200M 300M
INOD Yearly EPS VS EstimatesINOD Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2023 2024 2025 2026 2027 0 0.2 0.4 0.6 0.8 1

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0

4. Valuation

4.1 Price/Earnings Ratio

With a Price/Earnings ratio of 48.07, INOD can be considered very expensive at the moment.
Compared to the rest of the industry, the Price/Earnings ratio of INOD indicates a slightly more expensive valuation: INOD is more expensive than 69.51% of the companies listed in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 27.29, INOD is valued quite expensively.
Based on the Price/Forward Earnings ratio of 46.09, the valuation of INOD can be described as expensive.
67.07% of the companies in the same industry are cheaper than INOD, based on the Price/Forward Earnings ratio.
When comparing the Price/Forward Earnings ratio of INOD to the average of the S&P500 Index (36.06), we can say INOD is valued slightly more expensively.
Industry RankSector Rank
PE 48.07
Fwd PE 46.09
INOD Price Earnings VS Forward Price EarningsINOD Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40

4.2 Price Multiples

INOD's Price/Free Cash Flow ratio is a bit more expensive when compared to the industry. INOD is more expensive than 63.41% of the companies in the same industry.
Industry RankSector Rank
P/FCF 52.28
EV/EBITDA N/A
INOD Per share dataINOD EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 2 4 6

4.3 Compensation for Growth

A more expensive valuation may be justified as INOD's earnings are expected to grow with 15.98% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y12.96%
EPS Next 3Y15.98%

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0

5. Dividend

5.1 Amount

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

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INNODATA INC

NASDAQ:INOD (7/17/2025, 3:52:59 PM)

49.995

+0.14 (+0.29%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCommercial & Professional Services
GICS IndustryProfessional Services
Earnings (Last)05-09 2025-05-09/bmo
Earnings (Next)07-31 2025-07-31
Inst Owners56.52%
Inst Owner Change0%
Ins Owners4.39%
Ins Owner Change-6.16%
Market Cap1.59B
Analysts83.64
Price Target65.69 (31.39%)
Short Float %15.4%
Short Ratio1.86
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)32.82%
Min EPS beat(2)23.78%
Max EPS beat(2)41.85%
EPS beat(4)4
Avg EPS beat(4)114.07%
Min EPS beat(4)23.78%
Max EPS beat(4)290.63%
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)1
Avg Revenue beat(2)4.33%
Min Revenue beat(2)-0.77%
Max Revenue beat(2)9.44%
Revenue beat(4)3
Avg Revenue beat(4)16.53%
Min Revenue beat(4)-0.77%
Max Revenue beat(4)41.78%
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)-12.97%
EPS NQ rev (1m)-17.15%
EPS NQ rev (3m)-28.44%
EPS NY rev (1m)3.12%
EPS NY rev (3m)-5.84%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-5.18%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.47%
Valuation
Industry RankSector Rank
PE 48.07
Fwd PE 46.09
P/S 7.85
P/FCF 52.28
P/OCF 40.58
P/B 21.03
P/tB 26.5
EV/EBITDA N/A
EPS(TTM)1.04
EY2.08%
EPS(NY)1.08
Fwd EY2.17%
FCF(TTM)0.96
FCFY1.91%
OCF(TTM)1.23
OCFY2.46%
SpS6.37
BVpS2.38
TBVpS1.89
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA 28.32%
ROE 46.97%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) 17.53%
GM N/A
FCFM 15.01%
ROA(3y)-0.37%
ROA(5y)-0.57%
ROE(3y)-7.33%
ROE(5y)-5.1%
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 3YN/A
GM growth 5YN/A
F-Score7
Asset Turnover1.62
Health
Industry RankSector Rank
Debt/Equity 0.09
Debt/FCF 0.28
Debt/EBITDA N/A
Cap/Depr 143.64%
Cap/Sales 4.33%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality 85.63%
Current Ratio 2.36
Quick Ratio 2.36
Altman-Z 12.11
F-Score7
WACC9.11%
ROIC/WACCN/A
Cap/Depr(3y)139.8%
Cap/Depr(5y)126.76%
Cap/Sales(3y)6.41%
Cap/Sales(5y)5.58%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)1633.33%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%633.33%
EPS Next Y-12.86%
EPS Next 2Y12.96%
EPS Next 3Y15.98%
EPS Next 5YN/A
Revenue 1Y (TTM)114.2%
Revenue growth 3Y34.69%
Revenue growth 5Y25%
Sales Q2Q%120.17%
Revenue Next Year46.77%
Revenue Next 2Y34.16%
Revenue Next 3Y23.97%
Revenue Next 5YN/A
EBIT growth 1Y-10303.4%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year89.66%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y817.8%
FCF growth 3Y227%
FCF growth 5Y59.89%
OCF growth 1Y1798.79%
OCF growth 3Y89.44%
OCF growth 5Y52.25%