INDUSTRIE DE NORA SPA (DNR.MI) Stock Fundamental Analysis
BIT:DNR - Euronext Milan - IT0005186371 - Common Stock - Currency: EUR
DNR gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 103 industry peers in the Machinery industry. DNR scores excellent on profitability, but there are some minor concerns on its financial health. DNR has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
In the past year DNR was profitable.
In the past year DNR had a positive cash flow from operations.
In the past 5 years DNR has always been profitable.
Of the past 5 years DNR 4 years had a positive operating cash flow.
1.2 Ratios
DNR has a Return On Assets of 5.86%. This is in the better half of the industry: DNR outperforms 77.67% of its industry peers.
DNR's Return On Equity of 8.81% is in line compared to the rest of the industry. DNR outperforms 58.25% of its industry peers.
DNR has a Return On Invested Capital of 7.84%. This is in the better half of the industry: DNR outperforms 70.87% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for DNR is in line with the industry average of 8.60%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.86% | ||
| ROE | 8.81% | ||
| ROIC | 7.84% |
ROA(3y)10.03%
ROA(5y)8.22%
ROE(3y)15.44%
ROE(5y)13.82%
ROIC(3y)9.33%
ROIC(5y)9.82%
1.3 Margins
DNR has a Profit Margin of 9.67%. This is amongst the best in the industry. DNR outperforms 87.38% of its industry peers.
In the last couple of years the Profit Margin of DNR has grown nicely.
DNR's Operating Margin of 13.03% is amongst the best of the industry. DNR outperforms 87.38% of its industry peers.
In the last couple of years the Operating Margin of DNR has grown nicely.
DNR has a Gross Margin of 57.06%. This is amongst the best in the industry. DNR outperforms 81.55% of its industry peers.
DNR's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 13.03% | ||
| PM (TTM) | 9.67% | ||
| GM | 57.06% |
OM growth 3Y-4.58%
OM growth 5Y6.3%
PM growth 3Y-3.72%
PM growth 5Y10.98%
GM growth 3Y-0.95%
GM growth 5Y-1.81%
2. Health
2.1 Basic Checks
DNR has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
Compared to 1 year ago, DNR has less shares outstanding
The number of shares outstanding for DNR has been increased compared to 5 years ago.
The debt/assets ratio for DNR is higher compared to a year ago.
2.2 Solvency
An Altman-Z score of 2.38 indicates that DNR is not a great score, but indicates only limited risk for bankruptcy at the moment.
With a Altman-Z score value of 2.38, DNR perfoms like the industry average, outperforming 56.31% of the companies in the same industry.
DNR has a debt to FCF ratio of 3.40. This is a good value and a sign of high solvency as DNR would need 3.40 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 3.40, DNR is in the better half of the industry, outperforming 68.93% of the companies in the same industry.
A Debt/Equity ratio of 0.15 indicates that DNR is not too dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.15, DNR belongs to the top of the industry, outperforming 80.58% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.15 | ||
| Debt/FCF | 3.4 | ||
| Altman-Z | 2.38 |
ROIC/WACC0.84
WACC9.36%
2.3 Liquidity
DNR has a Current Ratio of 2.58. This indicates that DNR is financially healthy and has no problem in meeting its short term obligations.
DNR has a Current ratio of 2.58. This is amongst the best in the industry. DNR outperforms 85.44% of its industry peers.
A Quick Ratio of 1.70 indicates that DNR should not have too much problems paying its short term obligations.
The Quick ratio of DNR (1.70) is better than 84.47% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.58 | ||
| Quick Ratio | 1.7 |
3. Growth
3.1 Past
DNR shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -62.65%.
The Earnings Per Share has been growing by 23.83% on average over the past years. This is a very strong growth
DNR shows a small growth in Revenue. In the last year, the Revenue has grown by 0.72%.
Measured over the past years, DNR shows a quite strong growth in Revenue. The Revenue has been growing by 11.29% on average per year.
EPS 1Y (TTM)-62.65%
EPS 3Y8.2%
EPS 5Y23.83%
EPS Q2Q%0%
Revenue 1Y (TTM)0.72%
Revenue growth 3Y11.89%
Revenue growth 5Y11.29%
Sales Q2Q%15.33%
3.2 Future
The Earnings Per Share is expected to grow by 1.74% on average over the next years.
Based on estimates for the next years, DNR will show a small growth in Revenue. The Revenue will grow by 5.31% on average per year.
EPS Next Y3.78%
EPS Next 2Y3.78%
EPS Next 3Y1.74%
EPS Next 5YN/A
Revenue Next Year3.01%
Revenue Next 2Y0.48%
Revenue Next 3Y1.22%
Revenue Next 5Y5.31%
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 14.60 indicates a correct valuation of DNR.
Based on the Price/Earnings ratio, DNR is valued a bit cheaper than 60.19% of the companies in the same industry.
DNR is valuated rather cheaply when we compare the Price/Earnings ratio to 28.79, which is the current average of the S&P500 Index.
With a Price/Forward Earnings ratio of 14.00, DNR is valued correctly.
Compared to the rest of the industry, the Price/Forward Earnings ratio of DNR is on the same level as its industry peers.
When comparing the Price/Forward Earnings ratio of DNR to the average of the S&P500 Index (21.38), we can say DNR is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.6 | ||
| Fwd PE | 14 |
4.2 Price Multiples
94.17% of the companies in the same industry are more expensive than DNR, based on the Enterprise Value to EBITDA ratio.
84.47% of the companies in the same industry are more expensive than DNR, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 6.7 | ||
| EV/EBITDA | 1.75 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
The decent profitability rating of DNR may justify a higher PE ratio.
PEG (NY)3.86
PEG (5Y)0.61
EPS Next 2Y3.78%
EPS Next 3Y1.74%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 1.70%, DNR has a reasonable but not impressive dividend return.
DNR's Dividend Yield is comparable with the industry average which is at 2.65.
DNR's Dividend Yield is slightly below the S&P500 average, which is at 2.47.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.7% |
5.2 History
Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
DNR pays out 29.36% of its income as dividend. This is a sustainable payout ratio.
DP29.36%
EPS Next 2Y3.78%
EPS Next 3Y1.74%
BIT:DNR (4/25/2025, 7:00:00 PM)
6.13
+0 (+0.08%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryMachinery
Earnings (Last)
Earnings (Next)
Inst Owners42.43%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap313.86M
Analysts84
Price Target9.52 (55.3%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.7% |
Yearly Dividend0.12
Dividend Growth(5Y)N/A
DP29.36%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-6.2%
Min EPS beat(2)-24.21%
Max EPS beat(2)11.82%
EPS beat(4)2
Avg EPS beat(4)-3.68%
Min EPS beat(4)-24.21%
Max EPS beat(4)11.82%
EPS beat(8)4
Avg EPS beat(8)49.3%
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)0
Avg Revenue beat(2)-3.82%
Min Revenue beat(2)-6.26%
Max Revenue beat(2)-1.37%
Revenue beat(4)0
Avg Revenue beat(4)-5.95%
Min Revenue beat(4)-13.37%
Max Revenue beat(4)-1.37%
Revenue beat(8)0
Avg Revenue beat(8)-4.85%
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)-16.24%
PT rev (3m)-22.41%
EPS NQ rev (1m)25%
EPS NQ rev (3m)25%
EPS NY rev (1m)0.46%
EPS NY rev (3m)-6.31%
Revenue NQ rev (1m)-3.42%
Revenue NQ rev (3m)-4.05%
Revenue NY rev (1m)-1.55%
Revenue NY rev (3m)-0.7%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.6 | ||
| Fwd PE | 14 | ||
| P/S | 0.36 | ||
| P/FCF | 6.7 | ||
| P/OCF | 2.83 | ||
| P/B | 0.33 | ||
| P/tB | 0.38 | ||
| EV/EBITDA | 1.75 |
EPS(TTM)0.42
EY6.85%
EPS(NY)0.44
Fwd EY7.14%
FCF(TTM)0.92
FCFY14.93%
OCF(TTM)2.16
OCFY35.28%
SpS16.85
BVpS18.49
TBVpS16.22
PEG (NY)3.86
PEG (5Y)0.61
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.86% | ||
| ROE | 8.81% | ||
| ROCE | 9.93% | ||
| ROIC | 7.84% | ||
| ROICexc | 9.68% | ||
| ROICexgc | 11.08% | ||
| OM | 13.03% | ||
| PM (TTM) | 9.67% | ||
| GM | 57.06% | ||
| FCFM | 5.43% |
ROA(3y)10.03%
ROA(5y)8.22%
ROE(3y)15.44%
ROE(5y)13.82%
ROIC(3y)9.33%
ROIC(5y)9.82%
ROICexc(3y)11.37%
ROICexc(5y)11.71%
ROICexgc(3y)13.17%
ROICexgc(5y)14.69%
ROCE(3y)11.83%
ROCE(5y)12.45%
ROICexcg growth 3Y-22.07%
ROICexcg growth 5Y6.25%
ROICexc growth 3Y-16.14%
ROICexc growth 5Y9.1%
OM growth 3Y-4.58%
OM growth 5Y6.3%
PM growth 3Y-3.72%
PM growth 5Y10.98%
GM growth 3Y-0.95%
GM growth 5Y-1.81%
F-Score5
Asset Turnover0.61
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.15 | ||
| Debt/FCF | 3.4 | ||
| Debt/EBITDA | 0.96 | ||
| Cap/Depr | 186.2% | ||
| Cap/Sales | 7.4% | ||
| Interest Coverage | 5.66 | ||
| Cash Conversion | 75.47% | ||
| Profit Quality | 56.17% | ||
| Current Ratio | 2.58 | ||
| Quick Ratio | 1.7 | ||
| Altman-Z | 2.38 |
F-Score5
WACC9.36%
ROIC/WACC0.84
Cap/Depr(3y)401.91%
Cap/Depr(5y)285.48%
Cap/Sales(3y)13.94%
Cap/Sales(5y)10.47%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-62.65%
EPS 3Y8.2%
EPS 5Y23.83%
EPS Q2Q%0%
EPS Next Y3.78%
EPS Next 2Y3.78%
EPS Next 3Y1.74%
EPS Next 5YN/A
Revenue 1Y (TTM)0.72%
Revenue growth 3Y11.89%
Revenue growth 5Y11.29%
Sales Q2Q%15.33%
Revenue Next Year3.01%
Revenue Next 2Y0.48%
Revenue Next 3Y1.22%
Revenue Next 5Y5.31%
EBIT growth 1Y-23.31%
EBIT growth 3Y6.76%
EBIT growth 5Y18.3%
EBIT Next Year29.02%
EBIT Next 3Y10.57%
EBIT Next 5Y11.14%
FCF growth 1Y-9.47%
FCF growth 3YN/A
FCF growth 5Y13.86%
OCF growth 1Y-21.05%
OCF growth 3YN/A
OCF growth 5Y12.69%