ICOP SPA (ICOP.MI) Stock Fundamental Analysis
Europe • Euronext Milan • BIT:ICOP • IT0001214433
18.7 EUR
+0.4 (+2.19%)
Last: Jan 30, 2026, 07:00 PM
Overall ICOP gets a fundamental rating of 4 out of 10. We evaluated ICOP against 45 industry peers in the Construction & Engineering industry. While ICOP is still in line with the averages on profitability rating, there are concerns on its financial health. ICOP is showing excellent growth while it is valued at reasonable prices. Keep and eye on this one!
1. Profitability
1.1 Basic Checks
- In the past year ICOP was profitable.
- In the past year ICOP had a positive cash flow from operations.
1.2 Ratios
- ICOP's Return On Assets of 4.55% is in line compared to the rest of the industry. ICOP outperforms 57.78% of its industry peers.
- ICOP's Return On Equity of 23.31% is fine compared to the rest of the industry. ICOP outperforms 64.44% of its industry peers.
- ICOP's Return On Invested Capital of 13.40% is fine compared to the rest of the industry. ICOP outperforms 77.78% of its industry peers.
- The Average Return On Invested Capital over the past 3 years 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
- ICOP's Profit Margin of 14.41% is amongst the best of the industry. ICOP outperforms 86.67% of its industry peers.
- ICOP's Profit Margin has improved in the last couple of years.
- With an excellent Operating Margin value of 22.87%, ICOP belongs to the best of the industry, outperforming 93.33% of the companies in the same industry.
- In the last couple of years the Operating Margin of ICOP has grown nicely.
| 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
- The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so ICOP is still creating some value.
- ICOP has more shares outstanding than it did 1 year ago.
- Compared to 1 year ago, ICOP has an improved debt to assets ratio.
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.
- Looking at the Altman-Z score, with a value of 1.72, ICOP is in line with its industry, outperforming 42.22% of the companies in the same industry.
- A Debt/Equity ratio of 1.20 is on the high side and indicates that ICOP has dependencies on debt financing.
- Looking at the Debt to Equity ratio, with a value of 1.20, ICOP is doing worse than 68.89% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.2 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 1.72 |
ROIC/WACC1.72
WACC7.81%
2.3 Liquidity
- A Current Ratio of 1.20 indicates that ICOP should not have too much problems paying its short term obligations.
- The Current ratio of ICOP (1.20) is better than 66.67% 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.
- With a Quick ratio value of 0.79, ICOP is not doing good in the industry: 77.78% of the companies in the same industry are doing better.
| 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.
- ICOP shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 75.63% yearly.
- ICOP shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 17.59%.
- 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
- ICOP is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 29.38% yearly.
- 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
- With a Price/Earnings ratio of 24.29, ICOP is valued on the expensive side.
- Based on the Price/Earnings ratio, ICOP is valued a bit more expensive than 71.11% of the companies in the same industry.
- The average S&P500 Price/Earnings ratio is at 28.30. ICOP is around the same levels.
- Based on the Price/Forward Earnings ratio of 12.39, the valuation of ICOP can be described as correct.
- Based on the Price/Forward Earnings ratio, ICOP is valued a bit cheaper than the industry average as 64.44% of the companies are valued more expensively.
- ICOP is valuated cheaply when we compare the Price/Forward Earnings ratio to 25.57, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 24.29 | ||
| Fwd PE | 12.39 |
4.2 Price Multiples
- Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of ICOP indicates a slightly more expensive valuation: ICOP is more expensive than 73.33% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 14.13 |
4.3 Compensation for Growth
- The 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)0.8
PEG (5Y)N/A
EPS Next 2Y40.01%
EPS Next 3Y29.38%
5. Dividend
5.1 Amount
- ICOP has a yearly dividend return of 0.38%, which is pretty low.
- ICOP's Dividend Yield is slightly below the industry average, which is at 2.33.
- Compared to an average S&P500 Dividend Yield of 1.82, 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 4 / 10 to ICOP SPA (ICOP.MI). This can be considered as Fairly Valued.
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%.