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
Taking everything into account, ICOP scores 4 out of 10 in our fundamental rating. ICOP was compared to 42 industry peers in the Construction & Engineering industry. There are concerns on the financial health of ICOP while its profitability can be described as average. ICOP is valued quite expensive, but it does show an excellent growth.
1. Profitability
1.1 Basic Checks
- In the past year ICOP was profitable.
- ICOP had a positive operating cash flow in the past year.
1.2 Ratios
- ICOP has a Return On Assets (4.55%) which is comparable to the rest of the industry.
- ICOP's Return On Equity of 23.31% is fine compared to the rest of the industry. ICOP outperforms 64.29% of its industry peers.
- ICOP has a better Return On Invested Capital (13.40%) than 76.19% 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 11.33%.
- 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 has a Profit Margin of 14.41%. This is amongst the best in the industry. ICOP outperforms 85.71% of its industry peers.
- In the last couple of years the Profit Margin of ICOP has grown nicely.
- The Operating Margin of ICOP (22.87%) is better than 92.86% of its industry peers.
- 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
- ICOP has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
- Compared to 1 year ago, ICOP has more shares outstanding
- The debt/assets ratio for ICOP has been reduced compared to a year ago.
2.2 Solvency
- Based on the Altman-Z score of 1.74, 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 1.74, ICOP is in line with its industry, outperforming 40.48% of the companies in the same industry.
- ICOP has a Debt/Equity ratio of 1.20. This is a high value indicating a heavy dependency on external financing.
- ICOP has a Debt to Equity ratio of 1.20. This is in the lower half of the industry: ICOP underperforms 69.05% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.2 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 1.74 |
ROIC/WACC1.72
WACC7.81%
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.
- Looking at the Current ratio, with a value of 1.20, ICOP is in the better half of the industry, outperforming 69.05% of the companies in the same industry.
- 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.
- ICOP's Quick ratio of 0.79 is on the low side compared to the rest of the industry. ICOP is outperformed by 80.95% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.2 | ||
| Quick Ratio | 0.79 |
3. Growth
3.1 Past
- The Earnings Per Share has grown by an impressive 97.06% over the past year.
- 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.
- The Revenue has been growing slightly by 0.56% on average over the past years.
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.
- The Revenue is expected to grow by 45.15% on average over the next years. This is a very strong growth
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
- ICOP is valuated rather expensively with a Price/Earnings ratio of 24.29.
- 71.43% of the companies in the same industry are cheaper than ICOP, based on the Price/Earnings ratio.
- The average S&P500 Price/Earnings ratio is at 28.32. ICOP is around the same levels.
- The Price/Forward Earnings ratio is 12.39, which indicates a correct valuation of ICOP.
- Compared to the rest of the industry, the Price/Forward Earnings ratio of ICOP is on the same level as its industry peers.
- The average S&P500 Price/Forward Earnings ratio is at 25.57. ICOP is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 24.29 | ||
| Fwd PE | 12.39 |
4.2 Price Multiples
- Based on the Enterprise Value to EBITDA ratio, ICOP is valued a bit more expensive than the industry average as 73.81% of the companies are valued more cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 14.38 |
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.
- ICOP's earnings are expected to grow with 29.38% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.8
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.
- Compared to an average industry Dividend Yield of 2.49, ICOP is paying slightly less dividend.
- With a Dividend Yield of 0.38, ICOP pays less dividend than the S&P500 average, which is at 1.83.
| 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
- ICOP pays out 5.94% of its income as dividend. This is a 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%.