INDUSTRIE DE NORA SPA (DNR.MI) Stock Fundamental Analysis
BIT:DNR - Euronext Milan - IT0005186371 - Common Stock - Currency: EUR
DNR gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 105 industry peers in the Machinery industry. DNR gets an excellent profitability rating and is at the same time showing great financial health properties. DNR has a valuation in line with the averages, but on the other hand it scores bad on growth.
1. Profitability
1.1 Basic Checks
DNR had positive earnings in the past year.
DNR had a positive operating cash flow in the past year.
In the past 5 years DNR has always been profitable.
DNR had a positive operating cash flow in 4 of the past 5 years.
1.2 Ratios
DNR has a Return On Assets of 6.34%. This is in the better half of the industry: DNR outperforms 77.88% of its industry peers.
The Return On Equity of DNR (9.37%) is better than 65.38% of its industry peers.
The Return On Invested Capital of DNR (9.25%) is better than 75.00% of its industry peers.
DNR had an Average Return On Invested Capital over the past 3 years of 10.03%. This is in line with the industry average of 8.45%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.34% | ||
| ROE | 9.37% | ||
| ROIC | 9.25% |
ROA(3y)10.33%
ROA(5y)7.78%
ROE(3y)17.44%
ROE(5y)14.33%
ROIC(3y)10.03%
ROIC(5y)8.64%
1.3 Margins
DNR has a Profit Margin of 10.20%. This is amongst the best in the industry. DNR outperforms 90.38% of its industry peers.
DNR's Profit Margin has improved in the last couple of years.
With an excellent Operating Margin value of 15.14%, DNR belongs to the best of the industry, outperforming 91.35% of the companies in the same industry.
DNR's Operating Margin has improved in the last couple of years.
DNR's Gross Margin of 58.06% is amongst the best of the industry. DNR outperforms 83.65% of its industry peers.
DNR's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 15.14% | ||
| PM (TTM) | 10.2% | ||
| GM | 58.06% |
OM growth 3Y15.21%
OM growth 5Y10.21%
PM growth 3Y60.2%
PM growth 5Y36.89%
GM growth 3Y-0.55%
GM growth 5Y-2.49%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), DNR is creating some value.
DNR has about the same amout of shares outstanding than it did 1 year ago.
DNR has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, DNR has an improved debt to assets ratio.
2.2 Solvency
DNR has an Altman-Z score of 2.74. This is not the best score and indicates that DNR is in the grey zone with still only limited risk for bankruptcy at the moment.
DNR has a Altman-Z score of 2.74. This is in the better half of the industry: DNR outperforms 69.23% of its industry peers.
DNR has a debt to FCF ratio of 2.33. This is a good value and a sign of high solvency as DNR would need 2.33 years to pay back of all of its debts.
DNR has a Debt to FCF ratio of 2.33. This is in the better half of the industry: DNR outperforms 79.81% of its industry peers.
A Debt/Equity ratio of 0.17 indicates that DNR is not too dependend on debt financing.
The Debt to Equity ratio of DNR (0.17) is better than 78.85% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.17 | ||
| Debt/FCF | 2.33 | ||
| Altman-Z | 2.74 |
ROIC/WACC1.18
WACC7.84%
2.3 Liquidity
DNR has a Current Ratio of 2.75. This indicates that DNR is financially healthy and has no problem in meeting its short term obligations.
The Current ratio of DNR (2.75) is better than 86.54% of its industry peers.
A Quick Ratio of 1.67 indicates that DNR should not have too much problems paying its short term obligations.
DNR has a better Quick ratio (1.67) than 83.65% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.75 | ||
| Quick Ratio | 1.67 |
3. Growth
3.1 Past
DNR shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -61.64%.
The Earnings Per Share has been growing by 54.85% on average over the past years. This is a very strong growth
DNR shows a decrease in Revenue. In the last year, the revenue decreased by -4.40%.
DNR shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 13.13% yearly.
EPS 1Y (TTM)-61.64%
EPS 3Y91.74%
EPS 5Y54.85%
EPS Q2Q%-91.73%
Revenue 1Y (TTM)-4.4%
Revenue growth 3Y19.69%
Revenue growth 5Y13.13%
Sales Q2Q%-4.06%
3.2 Future
DNR is expected to show a very negative growth in Earnings Per Share. In the coming years, the EPS will decrease by -23.42% yearly.
Based on estimates for the next years, DNR will show a small growth in Revenue. The Revenue will grow by 5.52% on average per year.
EPS Next Y-64.98%
EPS Next 2Y-37.03%
EPS Next 3Y-23.42%
EPS Next 5YN/A
Revenue Next Year0.91%
Revenue Next 2Y2.76%
Revenue Next 3Y3.53%
Revenue Next 5Y5.52%
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less 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
DNR is valuated rather expensively with a Price/Earnings ratio of 22.20.
The rest of the industry has a similar Price/Earnings ratio as DNR.
DNR's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 29.35.
Based on the Price/Forward Earnings ratio of 20.81, the valuation of DNR can be described as rather expensive.
Based on the Price/Forward Earnings ratio, DNR is valued a bit more expensive than the industry average as 60.58% of the companies are valued more cheaply.
The average S&P500 Price/Forward Earnings ratio is at 22.10. DNR is around the same levels.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22.2 | ||
| Fwd PE | 20.81 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of DNR indicates a rather cheap valuation: DNR is cheaper than 93.27% of the companies listed in the same industry.
Based on the Price/Free Cash Flow ratio, DNR is valued cheaply inside the industry as 81.73% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 7.28 | ||
| EV/EBITDA | 2.81 |
4.3 Compensation for Growth
The decent profitability rating of DNR may justify a higher PE ratio.
A cheap valuation may be justified as DNR's earnings are expected to decrease with -23.42% in the coming years.
PEG (NY)N/A
PEG (5Y)0.4
EPS Next 2Y-37.03%
EPS Next 3Y-23.42%
5. Dividend
5.1 Amount
DNR has a Yearly Dividend Yield of 1.31%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 3.07, DNR has a dividend in line with its industry peers.
Compared to an average S&P500 Dividend Yield of 2.33, DNR's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.31% |
5.2 History
Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
DNR pays out 29.02% of its income as dividend. This is a sustainable payout ratio.
DP29.02%
EPS Next 2Y-37.03%
EPS Next 3Y-23.42%
BIT:DNR (3/7/2025, 7:00:00 PM)
9.325
-0.06 (-0.59%)
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 Cap477.44M
Analysts84
Price Target11.37 (21.93%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.31% |
Yearly Dividend0.12
Dividend Growth(5Y)N/A
DP29.02%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-7.83%
Min EPS beat(2)-24.21%
Max EPS beat(2)8.55%
EPS beat(4)2
Avg EPS beat(4)-5.75%
Min EPS beat(4)-24.21%
Max EPS beat(4)8.55%
EPS beat(8)3
Avg EPS beat(8)41.28%
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)-4.53%
Min Revenue beat(2)-6.26%
Max Revenue beat(2)-2.79%
Revenue beat(4)0
Avg Revenue beat(4)-6.02%
Min Revenue beat(4)-13.37%
Max Revenue beat(4)-1.66%
Revenue beat(8)1
Avg Revenue beat(8)-4.68%
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)-2.13%
PT rev (3m)-8.45%
EPS NQ rev (1m)0%
EPS NQ rev (3m)2.53%
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-2.22%
Revenue NY rev (1m)0.69%
Revenue NY rev (3m)-0.19%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22.2 | ||
| Fwd PE | 20.81 | ||
| P/S | 0.58 | ||
| P/FCF | 7.28 | ||
| P/OCF | 3.29 | ||
| P/B | 0.53 | ||
| P/tB | 0.6 | ||
| EV/EBITDA | 2.81 |
EPS(TTM)0.42
EY4.5%
EPS(NY)0.45
Fwd EY4.8%
FCF(TTM)1.28
FCFY13.73%
OCF(TTM)2.84
OCFY30.41%
SpS16.17
BVpS17.6
TBVpS15.43
PEG (NY)N/A
PEG (5Y)0.4
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.34% | ||
| ROE | 9.37% | ||
| ROCE | 11.57% | ||
| ROIC | 9.25% | ||
| ROICexc | 10.98% | ||
| ROICexgc | 12.48% | ||
| OM | 15.14% | ||
| PM (TTM) | 10.2% | ||
| GM | 58.06% | ||
| FCFM | 7.92% |
ROA(3y)10.33%
ROA(5y)7.78%
ROE(3y)17.44%
ROE(5y)14.33%
ROIC(3y)10.03%
ROIC(5y)8.64%
ROICexc(3y)11.81%
ROICexc(5y)10.01%
ROICexgc(3y)13.97%
ROICexgc(5y)12.21%
ROCE(3y)14.46%
ROCE(5y)11.92%
ROICexcg growth 3Y12.26%
ROICexcg growth 5Y11.52%
ROICexc growth 3Y17.36%
ROICexc growth 5Y14.43%
OM growth 3Y15.21%
OM growth 5Y10.21%
PM growth 3Y60.2%
PM growth 5Y36.89%
GM growth 3Y-0.55%
GM growth 5Y-2.49%
F-Score5
Asset Turnover0.62
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.17 | ||
| Debt/FCF | 2.33 | ||
| Debt/EBITDA | 0.94 | ||
| Cap/Depr | 239.51% | ||
| Cap/Sales | 9.62% | ||
| Interest Coverage | 7.56 | ||
| Cash Conversion | 91.57% | ||
| Profit Quality | 77.66% | ||
| Current Ratio | 2.75 | ||
| Quick Ratio | 1.67 | ||
| Altman-Z | 2.74 |
F-Score5
WACC7.84%
ROIC/WACC1.18
Cap/Depr(3y)379.22%
Cap/Depr(5y)275.19%
Cap/Sales(3y)13.15%
Cap/Sales(5y)10.43%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-61.64%
EPS 3Y91.74%
EPS 5Y54.85%
EPS Q2Q%-91.73%
EPS Next Y-64.98%
EPS Next 2Y-37.03%
EPS Next 3Y-23.42%
EPS Next 5YN/A
Revenue 1Y (TTM)-4.4%
Revenue growth 3Y19.69%
Revenue growth 5Y13.13%
Sales Q2Q%-4.06%
Revenue Next Year0.91%
Revenue Next 2Y2.76%
Revenue Next 3Y3.53%
Revenue Next 5Y5.52%
EBIT growth 1Y1.09%
EBIT growth 3Y37.9%
EBIT growth 5Y24.68%
EBIT Next Year7.07%
EBIT Next 3Y8.3%
EBIT Next 5Y8.2%
FCF growth 1Y55.18%
FCF growth 3Y7.8%
FCF growth 5YN/A
OCF growth 1Y70.89%
OCF growth 3Y26.84%
OCF growth 5Y34.91%