ICOP SPA (ICOP.MI) Stock Fundamental Analysis
Europe - Euronext Milan - BIT:ICOP - IT0001214433 - Common Stock
18.3 EUR
-0.3 (-1.61%)
ICOP gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 45 industry peers in the Construction & Engineering industry. ICOP has a medium profitability rating, but doesn't score so well on its financial health evaluation. ICOP is valued quite expensively, but it does show have an excellent growth rating.
1. Profitability
1.1 Basic Checks
- ICOP had positive earnings in the past year.
- ICOP had a positive operating cash flow in the past year.
1.2 Ratios
- With a Return On Assets value of 4.55%, ICOP perfoms like the industry average, outperforming 55.81% of the companies in the same industry.
- With a decent Return On Equity value of 23.31%, ICOP is doing good in the industry, outperforming 65.12% of the companies in the same industry.
- ICOP's Return On Invested Capital of 13.40% is fine compared to the rest of the industry. ICOP outperforms 76.74% of its industry peers.
- Measured over the past 3 years, the Average Return On Invested Capital for ICOP is in line with the industry average of 11.32%.
- The 3 year average ROIC (9.45%) for ICOP is below the current ROIC(13.40%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.55% | ||
| ROE | 23.31% | ||
| ROIC | 13.4% |
ROA(3y)3.57%
ROA(5y)N/A
ROE(3y)14.08%
ROE(5y)N/A
ROIC(3y)9.45%
ROIC(5y)N/A
1.3 Margins
- Looking at the Profit Margin, with a value of 14.41%, ICOP belongs to the top of the industry, outperforming 83.72% of the companies in the same industry.
- ICOP's Profit Margin has improved in the last couple of years.
- ICOP has a Operating Margin of 22.87%. This is amongst the best in the industry. ICOP outperforms 93.02% of its industry peers.
- ICOP's Operating Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 22.87% | ||
| PM (TTM) | 14.41% | ||
| GM | N/A |
OM growth 3Y321.03%
OM growth 5YN/A
PM growth 3Y75.7%
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
2. Health
2.1 Basic Checks
- With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), ICOP is creating some value.
- ICOP has more shares outstanding than it did 1 year ago.
- The debt/assets ratio for ICOP has been reduced compared to a year ago.
2.2 Solvency
- Based on the Altman-Z score of 1.72, we must say that ICOP is in the distress zone and has some risk of bankruptcy.
- ICOP's Altman-Z score of 1.72 is on the low side compared to the rest of the industry. ICOP is outperformed by 60.47% of its industry peers.
- A Debt/Equity ratio of 1.20 is on the high side and indicates that ICOP has dependencies on debt financing.
- ICOP has a worse Debt to Equity ratio (1.20) than 69.77% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.2 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 1.72 |
ROIC/WACC1.72
WACC7.8%
2.3 Liquidity
- ICOP has a Current Ratio of 1.20. This is a normal value and indicates that ICOP is financially healthy and should not expect problems in meeting its short term obligations.
- ICOP has a Current ratio of 1.20. This is in the better half of the industry: ICOP outperforms 67.44% of its industry peers.
- ICOP has a Quick Ratio of 1.20. This is a bad value and indicates that ICOP is not financially healthy enough and could expect problems in meeting its short term obligations.
- The Quick ratio of ICOP (0.79) is worse than 83.72% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.2 | ||
| Quick Ratio | 0.79 |
3. Growth
3.1 Past
- ICOP shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 97.06%, which is quite impressive.
- Measured over the past years, ICOP shows a very strong growth in Earnings Per Share. The EPS has been growing by 75.63% on average per year.
- Looking at the last year, ICOP shows a quite strong growth in Revenue. The Revenue has grown by 17.59% in the last year.
- ICOP shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 0.56% yearly.
EPS 1Y (TTM)97.06%
EPS 3Y75.63%
EPS 5YN/A
EPS Q2Q%48.4%
Revenue 1Y (TTM)17.59%
Revenue growth 3Y0.56%
Revenue growth 5YN/A
Sales Q2Q%308.42%
3.2 Future
- Based on estimates for the next years, ICOP will show a very strong growth in Earnings Per Share. The EPS will grow by 29.38% on average per year.
- Based on estimates for the next years, ICOP will show a very strong growth in Revenue. The Revenue will grow by 45.15% on average per year.
EPS Next Y30.46%
EPS Next 2Y40.01%
EPS Next 3Y29.38%
EPS Next 5YN/A
Revenue Next Year114.11%
Revenue Next 2Y69.51%
Revenue Next 3Y45.15%
Revenue Next 5YN/A
3.3 Evolution
- The estimated forward EPS growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
- The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
- The Price/Earnings ratio is 23.77, which indicates a rather expensive current valuation of ICOP.
- Compared to the rest of the industry, the Price/Earnings ratio of ICOP indicates a slightly more expensive valuation: ICOP is more expensive than 72.09% of the companies listed in the same industry.
- ICOP is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 27.21, which is the current average of the S&P500 Index.
- With a Price/Forward Earnings ratio of 12.12, ICOP is valued correctly.
- The rest of the industry has a similar Price/Forward Earnings ratio as ICOP.
- The average S&P500 Price/Forward Earnings ratio is at 25.98. ICOP is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 23.77 | ||
| Fwd PE | 12.12 |
4.2 Price Multiples
- Based on the Enterprise Value to EBITDA ratio, ICOP is valued a bit more expensive than 74.42% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 14.13 |
4.3 Compensation for Growth
- ICOP's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
- A more expensive valuation may be justified as ICOP's earnings are expected to grow with 29.38% in the coming years.
PEG (NY)0.78
PEG (5Y)N/A
EPS Next 2Y40.01%
EPS Next 3Y29.38%
5. Dividend
5.1 Amount
- With a yearly dividend of 0.38%, ICOP is not a good candidate for dividend investing.
- ICOP's Dividend Yield is slightly below the industry average, which is at 2.33.
- Compared to an average S&P500 Dividend Yield of 1.81, ICOP's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.38% |
5.2 History
Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
- 5.94% of the earnings are spent on dividend by ICOP. This is a low number and sustainable payout ratio.
DP5.94%
EPS Next 2Y40.01%
EPS Next 3Y29.38%
ICOP SPA / ICOP.MI FAQ
Can you provide the ChartMill fundamental rating for ICOP SPA?
ChartMill assigns a fundamental rating of 4 / 10 to ICOP.MI.
What is the valuation status for ICOP stock?
ChartMill assigns a valuation rating of 3 / 10 to ICOP SPA (ICOP.MI). This can be considered as Overvalued.
What is the profitability of ICOP stock?
ICOP SPA (ICOP.MI) has a profitability rating of 5 / 10.
What is the earnings growth outlook for ICOP SPA?
The Earnings per Share (EPS) of ICOP SPA (ICOP.MI) is expected to grow by 30.46% in the next year.
Can you provide the dividend sustainability for ICOP stock?
The dividend rating of ICOP SPA (ICOP.MI) is 2 / 10 and the dividend payout ratio is 5.94%.