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INNODATA INC (INOD) Stock Fundamental Analysis

USA - Nasdaq - NASDAQ:INOD - US4576422053 - Common Stock

57.61 USD
+0.27 (+0.47%)
Last: 11/28/2025, 10:12:08 AM
Fundamental Rating

6

INOD gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 87 industry peers in the Professional Services industry. INOD is in great health and has no worries on liquidiy or solvency at all, but the profibility rating is only average. INOD is valued quite expensively, but it does show have an excellent growth rating. These ratings could make INOD a good candidate for growth investing.


Dividend Valuation Growth Profitability Health

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6

1. Profitability

1.1 Basic Checks

INOD had positive earnings in the past year.
In the past year INOD had a positive cash flow from operations.
The reported net income has been mixed in the past 5 years: INOD reported negative net income in multiple years.
Of the past 5 years INOD 4 years had a positive operating cash flow.
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

INOD's Return On Assets of 22.00% is amongst the best of the industry. INOD outperforms 97.70% of its industry peers.
Looking at the Return On Equity, with a value of 34.57%, INOD belongs to the top of the industry, outperforming 87.36% of the companies in the same industry.
The Return On Invested Capital of INOD (29.30%) is better than 97.70% of its industry peers.
Industry RankSector Rank
ROA 22%
ROE 34.57%
ROIC 29.3%
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

INOD's Profit Margin of 14.11% is amongst the best of the industry. INOD outperforms 83.91% of its industry peers.
INOD has a better Operating Margin (16.86%) than 82.76% of its industry peers.
INOD has a Gross Margin (41.32%) which is comparable to the rest of the industry.
In the last couple of years the Gross Margin of INOD has grown nicely.
Industry RankSector Rank
OM 16.86%
PM (TTM) 14.11%
GM 41.32%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y1.49%
GM growth 5Y3.47%
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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9

2. Health

2.1 Basic Checks

With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), INOD is creating value.
INOD has more shares outstanding than it did 1 year ago.
INOD has more shares outstanding than it did 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

An Altman-Z score of 23.12 indicates that INOD is not in any danger for bankruptcy at the moment.
With an excellent Altman-Z score value of 23.12, INOD belongs to the best of the industry, outperforming 97.70% of the companies in the same industry.
The Debt to FCF ratio of INOD is 0.21, which is an excellent value as it means it would take INOD, only 0.21 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of INOD (0.21) is better than 81.61% of its industry peers.
A Debt/Equity ratio of 0.08 indicates that INOD is not too dependend on debt financing.
INOD has a Debt to Equity ratio of 0.08. This is in the better half of the industry: INOD outperforms 65.52% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.08
Debt/FCF 0.21
Altman-Z 23.12
ROIC/WACC3.4
WACC8.61%
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

A Current Ratio of 2.69 indicates that INOD has no problem at all paying its short term obligations.
Looking at the Current ratio, with a value of 2.69, INOD belongs to the top of the industry, outperforming 82.76% of the companies in the same industry.
INOD has a Quick Ratio of 2.69. This indicates that INOD is financially healthy and has no problem in meeting its short term obligations.
The Quick ratio of INOD (2.69) is better than 85.06% of its industry peers.
Industry RankSector Rank
Current Ratio 2.69
Quick Ratio 2.69
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

The Earnings Per Share has grown by an impressive 64.41% over the past year.
The Revenue has grown by 73.57% in the past year. This is a very strong growth!
The Revenue has been growing by 25.00% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)64.41%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-52.94%
Revenue 1Y (TTM)73.57%
Revenue growth 3Y34.69%
Revenue growth 5Y25%
Sales Q2Q%19.77%

3.2 Future

INOD is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 15.98% yearly.
Based on estimates for the next years, INOD will show a very strong growth in Revenue. The Revenue will grow by 23.97% on average per year.
EPS Next Y-7.03%
EPS Next 2Y14.21%
EPS Next 3Y15.98%
EPS Next 5YN/A
Revenue Next Year50.62%
Revenue Next 2Y36.97%
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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1

4. Valuation

4.1 Price/Earnings Ratio

Based on the Price/Earnings ratio of 59.39, the valuation of INOD can be described as expensive.
Based on the Price/Earnings ratio, INOD is valued a bit more expensive than 66.67% of the companies in the same industry.
When comparing the Price/Earnings ratio of INOD to the average of the S&P500 Index (26.15), we can say INOD is valued expensively.
INOD is valuated quite expensively with a Price/Forward Earnings ratio of 51.96.
65.52% of the companies in the same industry are cheaper than INOD, based on the Price/Forward Earnings ratio.
INOD's Price/Forward Earnings ratio indicates a valuation a bit more expensive than the S&P500 average which is at 36.12.
Industry RankSector Rank
PE 59.39
Fwd PE 51.96
INOD Price Earnings VS Forward Price EarningsINOD Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40 50

4.2 Price Multiples

71.26% of the companies in the same industry are cheaper than INOD, based on the Enterprise Value to EBITDA ratio.
INOD's Price/Free Cash Flow is on the same level as the industry average.
Industry RankSector Rank
P/FCF 45.09
EV/EBITDA 37.72
INOD Per share dataINOD EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 2 4 6

4.3 Compensation for Growth

INOD has a very decent profitability rating, which may justify a higher PE ratio.
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 2Y14.21%
EPS Next 3Y15.98%

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0

5. Dividend

5.1 Amount

No dividends for INOD!.
Industry RankSector Rank
Dividend Yield N/A

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INNODATA INC

NASDAQ:INOD (11/28/2025, 10:12:08 AM)

57.61

+0.27 (+0.47%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCommercial & Professional Services
GICS IndustryProfessional Services
Earnings (Last)11-06 2025-11-06/amc
Earnings (Next)02-18 2026-02-18
Inst Owners53.09%
Inst Owner Change5.36%
Ins Owners4.41%
Ins Owner Change0.22%
Market Cap1.83B
Revenue(TTM)238.47M
Net Income(TTM)33.64M
Analysts83.64
Price Target83.64 (45.18%)
Short Float %14.24%
Short Ratio2.05
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)57.7%
Min EPS beat(2)43.65%
Max EPS beat(2)71.75%
EPS beat(4)4
Avg EPS beat(4)45.26%
Min EPS beat(4)23.78%
Max EPS beat(4)71.75%
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)2
Avg Revenue beat(2)2.09%
Min Revenue beat(2)1.59%
Max Revenue beat(2)2.58%
Revenue beat(4)3
Avg Revenue beat(4)3.21%
Min Revenue beat(4)-0.77%
Max Revenue beat(4)9.44%
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)20.94%
PT rev (3m)27.33%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-3.4%
EPS NY rev (1m)0%
EPS NY rev (3m)2.31%
Revenue NQ rev (1m)-1.91%
Revenue NQ rev (3m)-1.91%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0%
Valuation
Industry RankSector Rank
PE 59.39
Fwd PE 51.96
P/S 7.69
P/FCF 45.09
P/OCF 35.84
P/B 18.85
P/tB 22.55
EV/EBITDA 37.72
EPS(TTM)0.97
EY1.68%
EPS(NY)1.11
Fwd EY1.92%
FCF(TTM)1.28
FCFY2.22%
OCF(TTM)1.61
OCFY2.79%
SpS7.49
BVpS3.06
TBVpS2.55
PEG (NY)N/A
PEG (5Y)N/A
Graham Number8.17
Profitability
Industry RankSector Rank
ROA 22%
ROE 34.57%
ROCE 37.08%
ROIC 29.3%
ROICexc 91.95%
ROICexgc 170.87%
OM 16.86%
PM (TTM) 14.11%
GM 41.32%
FCFM 17.07%
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
ROICexgc growth 3YN/A
ROICexgc 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 3Y1.49%
GM growth 5Y3.47%
F-Score7
Asset Turnover1.56
Health
Industry RankSector Rank
Debt/Equity 0.08
Debt/FCF 0.21
Debt/EBITDA 0.16
Cap/Depr 161.86%
Cap/Sales 4.41%
Interest Coverage 174.77
Cash Conversion 109.67%
Profit Quality 120.96%
Current Ratio 2.69
Quick Ratio 2.69
Altman-Z 23.12
F-Score7
WACC8.61%
ROIC/WACC3.4
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)64.41%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-52.94%
EPS Next Y-7.03%
EPS Next 2Y14.21%
EPS Next 3Y15.98%
EPS Next 5YN/A
Revenue 1Y (TTM)73.57%
Revenue growth 3Y34.69%
Revenue growth 5Y25%
Sales Q2Q%19.77%
Revenue Next Year50.62%
Revenue Next 2Y36.97%
Revenue Next 3Y23.97%
Revenue Next 5YN/A
EBIT growth 1Y110.77%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year125.1%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y6359.84%
FCF growth 3Y227%
FCF growth 5Y59.89%
OCF growth 1Y721.86%
OCF growth 3Y89.44%
OCF growth 5Y52.25%

INNODATA INC / INOD FAQ

What is the ChartMill fundamental rating of INNODATA INC (INOD) stock?

ChartMill assigns a fundamental rating of 6 / 10 to INOD.


Can you provide the valuation status for INNODATA INC?

ChartMill assigns a valuation rating of 1 / 10 to INNODATA INC (INOD). This can be considered as Overvalued.


Can you provide the profitability details for INNODATA INC?

INNODATA INC (INOD) has a profitability rating of 6 / 10.


What is the valuation of INNODATA INC based on its PE and PB ratios?

The Price/Earnings (PE) ratio for INNODATA INC (INOD) is 59.39 and the Price/Book (PB) ratio is 18.85.


Can you provide the expected EPS growth for INOD stock?

The Earnings per Share (EPS) of INNODATA INC (INOD) is expected to decline by -7.03% in the next year.