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INNODATA INC (INOD) Stock Fundamental Analysis

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

57.23 USD
-4.39 (-7.12%)
Last: 1/21/2026, 1:21:06 PM
Fundamental Rating

6

We assign a fundamental rating of 6 out of 10 to INOD. INOD was compared to 88 industry peers in the Professional Services industry. INOD has an excellent financial health rating, but there are some minor concerns on its profitability. 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

6

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.
  • 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 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10M -10M 20M 30M

1.2 Ratios

  • INOD has a better Return On Assets (22.00%) than 98.86% of its industry peers.
  • INOD's Return On Equity of 34.57% is amongst the best of the industry. INOD outperforms 89.77% of its industry peers.
  • INOD has a Return On Invested Capital of 29.30%. This is amongst the best in the industry. INOD outperforms 97.73% 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 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20 -20 40 -40 -60

1.3 Margins

  • The Profit Margin of INOD (14.11%) is better than 84.09% of its industry peers.
  • With an excellent Operating Margin value of 16.86%, INOD belongs to the best of the industry, outperforming 81.82% of the companies in the same industry.
  • INOD's Gross Margin of 41.32% is in line compared to the rest of the industry. INOD outperforms 59.09% of its industry peers.
  • INOD's Gross Margin has improved in the last couple of years.
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 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10 -10 20 30

9

2. Health

2.1 Basic Checks

  • INOD has a Return on Invested Capital (ROIC), which is well above the Cost of Capital (WACC), which means it is creating value.
  • Compared to 1 year ago, INOD has more shares outstanding
  • INOD has more shares outstanding than it did 5 years ago.
  • The debt/assets ratio for INOD has been reduced compared to a year ago.
INOD Yearly Shares OutstandingINOD Yearly Shares OutstandingYearly Shares Outstanding 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 2016 2017 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M 80M 100M

2.2 Solvency

  • INOD has an Altman-Z score of 24.59. This indicates that INOD is financially healthy and has little risk of bankruptcy at the moment.
  • INOD has a Altman-Z score of 24.59. This is amongst the best in the industry. INOD outperforms 98.86% of its industry peers.
  • INOD has a debt to FCF ratio of 0.21. This is a very positive value and a sign of high solvency as it would only need 0.21 years to pay back of all of its debts.
  • The Debt to FCF ratio of INOD (0.21) is better than 86.36% of its industry peers.
  • INOD has a Debt/Equity ratio of 0.08. This is a healthy value indicating a solid balance between debt and equity.
  • INOD has a better Debt to Equity ratio (0.08) than 69.32% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.08
Debt/FCF 0.21
Altman-Z 24.59
ROIC/WACC3.31
WACC8.85%
INOD Yearly LT Debt VS Equity VS FCFINOD 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

2.3 Liquidity

  • INOD has a Current Ratio of 2.69. This indicates that INOD is financially healthy and has no problem in meeting its short term obligations.
  • INOD has a Current ratio of 2.69. This is amongst the best in the industry. INOD outperforms 85.23% of its industry peers.
  • 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.
  • INOD has a better Quick ratio (2.69) than 85.23% 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 2016 2017 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M 80M

8

3. Growth

3.1 Past

  • The Earnings Per Share has grown by an impressive 64.41% over the past year.
  • Looking at the last year, INOD shows a very strong growth in Revenue. The Revenue has grown by 73.57%.
  • Measured over the past years, INOD shows a very strong growth in Revenue. The Revenue has been growing by 25.00% on average per year.
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

  • Based on estimates for the next years, INOD will show a quite strong growth in Earnings Per Share. The EPS will grow by 15.98% on average per year.
  • 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 Y4.76%
EPS Next 2Y15.94%
EPS Next 3Y15.98%
EPS Next 5YN/A
Revenue Next Year51.42%
Revenue Next 2Y38.09%
Revenue Next 3Y23.97%
Revenue Next 5YN/A

3.3 Evolution

  • The Revenue growth rate is stable: in the next years the growth will be about the same than in the last years.
INOD Yearly Revenue VS EstimatesINOD Yearly Revenue VS EstimatesYearly Revenue VS Estimates 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 2023 2024 2025 2026 2027 0 0.2 0.4 0.6 0.8 1

1

4. Valuation

4.1 Price/Earnings Ratio

  • INOD is valuated quite expensively with a Price/Earnings ratio of 59.00.
  • INOD's Price/Earnings ratio is a bit more expensive when compared to the industry. INOD is more expensive than 63.64% of the companies in the same industry.
  • When comparing the Price/Earnings ratio of INOD to the average of the S&P500 Index (26.94), we can say INOD is valued expensively.
  • A Price/Forward Earnings ratio of 50.09 indicates a quite expensive valuation of INOD.
  • Based on the Price/Forward Earnings ratio, INOD is valued a bit more expensive than 62.50% of the companies in the same industry.
  • The average S&P500 Price/Forward Earnings ratio is at 23.94. INOD is valued rather expensively when compared to this.
Industry RankSector Rank
PE 59
Fwd PE 50.09
INOD Price Earnings VS Forward Price EarningsINOD Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40 50

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, INOD is valued a bit more expensive than the industry average as 65.91% of the companies are valued more cheaply.
  • The rest of the industry has a similar Price/Free Cash Flow ratio as INOD.
Industry RankSector Rank
P/FCF 44.8
EV/EBITDA 40.66
INOD Per share dataINOD EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 2 4 6

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates INOD does not grow enough to justify the current Price/Earnings ratio.
  • The decent profitability rating of INOD 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)12.39
PEG (5Y)N/A
EPS Next 2Y15.94%
EPS Next 3Y15.98%

0

5. Dividend

5.1 Amount

  • No dividends for INOD!.
Industry RankSector Rank
Dividend Yield 0%

INNODATA INC

NASDAQ:INOD (1/21/2026, 1:21:06 PM)

57.23

-4.39 (-7.12%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCommercial & Professional Services
GICS IndustryProfessional Services
Earnings (Last)11-06
Earnings (Next)02-18
Inst Owners55.69%
Inst Owner Change0.13%
Ins Owners4.6%
Ins Owner Change5.07%
Market Cap1.82B
Revenue(TTM)238.47M
Net Income(TTM)33.64M
Analysts83.64
Price Target87.72 (53.28%)
Short Float %15.28%
Short Ratio3.86
Dividend
Industry RankSector Rank
Dividend Yield 0%
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)0%
PT rev (3m)26.84%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-1.17%
EPS NY rev (1m)0%
EPS NY rev (3m)12.68%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-2.07%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.53%
Valuation
Industry RankSector Rank
PE 59
Fwd PE 50.09
P/S 7.65
P/FCF 44.8
P/OCF 35.61
P/B 18.74
P/tB 22.41
EV/EBITDA 40.66
EPS(TTM)0.97
EY1.69%
EPS(NY)1.14
Fwd EY2%
FCF(TTM)1.28
FCFY2.23%
OCF(TTM)1.61
OCFY2.81%
SpS7.48
BVpS3.05
TBVpS2.55
PEG (NY)12.39
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 24.59
F-Score7
WACC8.85%
ROIC/WACC3.31
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 Y4.76%
EPS Next 2Y15.94%
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 Year51.42%
Revenue Next 2Y38.09%
Revenue Next 3Y23.97%
Revenue Next 5YN/A
EBIT growth 1Y110.77%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year143.42%
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.


What is the valuation status of INNODATA INC (INOD) stock?

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.


Can you provide the PE and PB ratios for INOD stock?

The Price/Earnings (PE) ratio for INNODATA INC (INOD) is 59 and the Price/Book (PB) ratio is 18.74.


What is the financial health of INNODATA INC (INOD) stock?

The financial health rating of INNODATA INC (INOD) is 9 / 10.