ICADE (ICAD.PA) Fundamental Analysis & Valuation

EPA:ICAD • FR0000035081

Current stock price

20.46 EUR
+0.32 (+1.59%)
Last:

This ICAD.PA fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

2

1. ICAD.PA Profitability Analysis

1.1 Basic Checks

  • In the past year ICAD was profitable.
  • ICAD had a positive operating cash flow in the past year.
  • The reported net income has been mixed in the past 5 years: ICAD reported negative net income in multiple years.
  • In the past 5 years ICAD always reported a positive cash flow from operatings.
ICAD.PA Yearly Net Income VS EBIT VS OCF VS FCFICAD.PA 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 2025 0 500M -500M -1B

1.2 Ratios

  • The Return On Assets of ICAD (-1.29%) is worse than 78.05% of its industry peers.
  • ICAD has a worse Return On Equity (-3.17%) than 80.49% of its industry peers.
  • The Return On Invested Capital of ICAD (2.68%) is worse than 68.29% of its industry peers.
  • ICAD had an Average Return On Invested Capital over the past 3 years of 2.10%. This is in line with the industry average of 3.57%.
  • The 3 year average ROIC (2.10%) for ICAD is below the current ROIC(2.68%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA -1.29%
ROE -3.17%
ROIC 2.68%
ROA(3y)-4.9%
ROA(5y)-2.42%
ROE(3y)-11.54%
ROE(5y)-5.57%
ROIC(3y)2.1%
ROIC(5y)2.36%
ICAD.PA Yearly ROA, ROE, ROICICAD.PA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 -10 -20

1.3 Margins

  • ICAD has a worse Operating Margin (19.07%) than 80.49% of its industry peers.
  • In the last couple of years the Operating Margin of ICAD has declined.
  • The Profit Margin and Gross Margin are not available for ICAD so they could not be analyzed.
Industry RankSector Rank
OM 19.07%
PM (TTM) N/A
GM N/A
OM growth 3Y-18.02%
OM growth 5Y-13.13%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
ICAD.PA Yearly Profit, Operating, Gross MarginsICAD.PA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20 -20 40 -40 -60

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2

2. ICAD.PA Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), ICAD is destroying value.
  • ICAD has about the same amout of shares outstanding than it did 1 year ago.
  • The number of shares outstanding for ICAD has been increased compared to 5 years ago.
  • The debt/assets ratio for ICAD is higher compared to a year ago.
ICAD.PA Yearly Shares OutstandingICAD.PA Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20M 40M 60M
ICAD.PA Yearly Total Debt VS Total AssetsICAD.PA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5B 10B 15B

2.2 Solvency

  • ICAD has an Altman-Z score of 0.69. This is a bad value and indicates that ICAD is not financially healthy and even has some risk of bankruptcy.
  • With a Altman-Z score value of 0.69, ICAD is not doing good in the industry: 70.73% of the companies in the same industry are doing better.
  • ICAD has a Debt/Equity ratio of 0.92. This is a neutral value indicating ICAD is somewhat dependend on debt financing.
  • With a Debt to Equity ratio value of 0.92, ICAD is not doing good in the industry: 70.73% of the companies in the same industry are doing better.
Industry RankSector Rank
Debt/Equity 0.92
Debt/FCF N/A
Altman-Z 0.69
ROIC/WACC0.91
WACC2.96%
ICAD.PA Yearly LT Debt VS Equity VS FCFICAD.PA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 2B 4B 6B

2.3 Liquidity

  • A Current Ratio of 1.17 indicates that ICAD should not have too much problems paying its short term obligations.
  • ICAD has a better Current ratio (1.17) than 82.93% of its industry peers.
  • ICAD has a Quick Ratio of 1.17. This is a bad value and indicates that ICAD is not financially healthy enough and could expect problems in meeting its short term obligations.
  • ICAD has a Quick ratio of 0.91. This is in the better half of the industry: ICAD outperforms 78.05% of its industry peers.
Industry RankSector Rank
Current Ratio 1.17
Quick Ratio 0.91
ICAD.PA Yearly Current Assets VS Current LiabilitesICAD.PA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B 4B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

1

3. ICAD.PA Growth Analysis

3.1 Past

  • ICAD shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -6.01%.
  • ICAD shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -8.93% yearly.
  • Looking at the last year, ICAD shows a decrease in Revenue. The Revenue has decreased by -7.78% in the last year.
  • Measured over the past years, ICAD shows a small growth in Revenue. The Revenue has been growing by 0.13% on average per year.
EPS 1Y (TTM)-6.01%
EPS 3Y-16.16%
EPS 5Y-8.93%
EPS Q2Q%-0.66%
Revenue 1Y (TTM)-7.78%
Revenue growth 3Y-7.23%
Revenue growth 5Y0.13%
Sales Q2Q%-7.28%

3.2 Future

  • ICAD is expected to show a decrease in Earnings Per Share. In the coming years, the EPS will decrease by -3.29% yearly.
  • The Revenue is expected to decrease by -1.44% on average over the next years.
EPS Next Y-5.17%
EPS Next 2Y-5.65%
EPS Next 3Y-3.29%
EPS Next 5YN/A
Revenue Next Year-7.15%
Revenue Next 2Y-0.34%
Revenue Next 3Y-1.44%
Revenue Next 5YN/A

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
  • 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.
ICAD.PA Yearly Revenue VS EstimatesICAD.PA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 500M 1B 1.5B
ICAD.PA Yearly EPS VS EstimatesICAD.PA Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 1 2 3 4 5

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5

4. ICAD.PA Valuation Analysis

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 6.89, the valuation of ICAD can be described as very cheap.
  • ICAD's Price/Earnings ratio is rather cheap when compared to the industry. ICAD is cheaper than 92.68% of the companies in the same industry.
  • Compared to an average S&P500 Price/Earnings ratio of 26.64, ICAD is valued rather cheaply.
  • With a Price/Forward Earnings ratio of 7.26, the valuation of ICAD can be described as very cheap.
  • 97.56% of the companies in the same industry are more expensive than ICAD, based on the Price/Forward Earnings ratio.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 21.36, ICAD is valued rather cheaply.
Industry RankSector Rank
PE 6.89
Fwd PE 7.26
ICAD.PA Price Earnings VS Forward Price EarningsICAD.PA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

Industry RankSector Rank
P/FCF N/A
EV/EBITDA N/A
ICAD.PA Per share dataICAD.PA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 10 20 30 40 50

4.3 Compensation for Growth

  • A cheap valuation may be justified as ICAD's earnings are expected to decrease with -3.29% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-5.65%
EPS Next 3Y-3.29%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

6

5. ICAD.PA Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 9.38%, ICAD is a good candidate for dividend investing.
  • Compared to an average industry Dividend Yield of 5.38, ICAD pays a better dividend. On top of this ICAD pays more dividend than 95.12% of the companies listed in the same industry.
  • Compared to an average S&P500 Dividend Yield of 1.82, ICAD pays a better dividend.
Industry RankSector Rank
Dividend Yield 9.38%

5.2 History

  • The dividend of ICAD has a limited annual growth rate of 1.46%.
Dividend Growth(5Y)1.46%
Div Incr Years0
Div Non Decr Years0
ICAD.PA Yearly Dividends per shareICAD.PA Yearly Dividends per shareYearly Dividends per share 2019 2020 2021 2022 2023 2024 2025 2 4 6

5.3 Sustainability

  • The earnings of ICAD are negative and hence is the payout ratio. ICAD will probably not be able to sustain this dividend level.
DP-265.61%
EPS Next 2Y-5.65%
EPS Next 3Y-3.29%
ICAD.PA Yearly Income VS Free CF VS DividendICAD.PA Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 -500M -1B

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ICAD.PA Fundamentals: All Metrics, Ratios and Statistics

ICADE

EPA:ICAD (4/30/2026, 7:00:00 PM)

20.46

+0.32 (+1.59%)

Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Industry Strength46.62
Industry Growth34.67
Earnings (Last)04-16
Earnings (Next)07-21
Inst Owners74.92%
Inst Owner ChangeN/A
Ins Owners0%
Ins Owner ChangeN/A
Market Cap1.56B
Revenue(TTM)1.45B
Net Income(TTM)-123.00M
Analysts47.27
Price Target21.59 (5.52%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 9.38%
Yearly Dividend4.31
Dividend Growth(5Y)1.46%
DP-265.61%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
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)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
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)-2.61%
PT rev (3m)-7.53%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)-7.66%
EPS NY rev (3m)-8.82%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-3.9%
Revenue NY rev (3m)-9.29%
Valuation
Industry RankSector Rank
PE 6.89
Fwd PE 7.26
P/S 1.08
P/FCF N/A
P/OCF 5.19
P/B 0.4
P/tB 0.41
EV/EBITDA N/A
EPS(TTM)2.97
EY14.52%
EPS(NY)2.82
Fwd EY13.77%
FCF(TTM)-0.07
FCFYN/A
OCF(TTM)3.94
OCFY19.26%
SpS19.02
BVpS50.86
TBVpS50.4
PEG (NY)N/A
PEG (5Y)N/A
Graham Number58.2996 (184.94%)
Profitability
Industry RankSector Rank
ROA -1.29%
ROE -3.17%
ROCE 3.77%
ROIC 2.68%
ROICexc 3.12%
ROICexgc 3.14%
OM 19.07%
PM (TTM) N/A
GM N/A
FCFM N/A
ROA(3y)-4.9%
ROA(5y)-2.42%
ROE(3y)-11.54%
ROE(5y)-5.57%
ROIC(3y)2.1%
ROIC(5y)2.36%
ROICexc(3y)2.52%
ROICexc(5y)2.69%
ROICexgc(3y)2.53%
ROICexgc(5y)2.7%
ROCE(3y)2.98%
ROCE(5y)3.38%
ROICexgc growth 3Y1.05%
ROICexgc growth 5Y0.61%
ROICexc growth 3Y1.05%
ROICexc growth 5Y0.6%
OM growth 3Y-18.02%
OM growth 5Y-13.13%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
F-Score6
Asset Turnover0.15
Health
Industry RankSector Rank
Debt/Equity 0.92
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr N/A
Cap/Sales 21.07%
Interest Coverage 4.05
Cash Conversion N/A
Profit Quality N/A
Current Ratio 1.17
Quick Ratio 0.91
Altman-Z 0.69
F-Score6
WACC2.96%
ROIC/WACC0.91
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)17.4%
Cap/Sales(5y)28.83%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-6.01%
EPS 3Y-16.16%
EPS 5Y-8.93%
EPS Q2Q%-0.66%
EPS Next Y-5.17%
EPS Next 2Y-5.65%
EPS Next 3Y-3.29%
EPS Next 5YN/A
Revenue 1Y (TTM)-7.78%
Revenue growth 3Y-7.23%
Revenue growth 5Y0.13%
Sales Q2Q%-7.28%
Revenue Next Year-7.15%
Revenue Next 2Y-0.34%
Revenue Next 3Y-1.44%
Revenue Next 5YN/A
EBIT growth 1Y30.56%
EBIT growth 3Y-23.95%
EBIT growth 5Y-13.02%
EBIT Next Year-5.18%
EBIT Next 3Y-0.25%
EBIT Next 5Y-1.49%
FCF growth 1Y-103.07%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-18.01%
OCF growth 3Y-1.35%
OCF growth 5Y-14.31%

ICADE / ICAD.PA Fundamental Analysis FAQ

What is the ChartMill fundamental rating of ICADE (ICAD.PA) stock?

ChartMill assigns a fundamental rating of 3 / 10 to ICAD.PA.


What is the valuation status of ICADE (ICAD.PA) stock?

ChartMill assigns a valuation rating of 5 / 10 to ICADE (ICAD.PA). This can be considered as Fairly Valued.


What is the profitability of ICAD stock?

ICADE (ICAD.PA) has a profitability rating of 2 / 10.


What are the PE and PB ratios of ICADE (ICAD.PA) stock?

The Price/Earnings (PE) ratio for ICADE (ICAD.PA) is 6.89 and the Price/Book (PB) ratio is 0.4.


Is the dividend of ICADE sustainable?

The dividend rating of ICADE (ICAD.PA) is 6 / 10 and the dividend payout ratio is -265.61%.