ICOP SPA (ICOP.MI) Stock Fundamental Analysis
Europe - Euronext Milan - BIT:ICOP - IT0001214433 - Common Stock
18.3 EUR
-0.3 (-1.61%)
Taking everything into account, ICOP scores 4 out of 10 in our fundamental rating. ICOP was compared to 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 valued quite expensive, but it does show an excellent growth.
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
- Looking at the Return On Assets, with a value of 4.55%, ICOP is in line with its industry, outperforming 55.81% of the companies in the same industry.
- ICOP has a Return On Equity of 23.31%. This is in the better half of the industry: ICOP outperforms 65.12% of its industry peers.
- With a decent Return On Invested Capital value of 13.40%, ICOP is doing good in the industry, outperforming 76.74% of the companies in the same industry.
- 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
- 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.
- In the last couple of years the Profit Margin of ICOP has grown nicely.
- ICOP has a better Operating Margin (22.87%) than 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.
- The number of shares outstanding for ICOP has been increased compared to 1 year ago.
- ICOP has a better debt/assets ratio than last year.
2.2 Solvency
- ICOP has an Altman-Z score of 1.72. This is a bad value and indicates that ICOP is not financially healthy and even has some risk of bankruptcy.
- ICOP has a worse Altman-Z score (1.72) than 60.47% of its industry peers.
- ICOP has a Debt/Equity ratio of 1.20. This is a high value indicating a heavy dependency on external financing.
- With a Debt to Equity ratio value of 1.20, ICOP is not doing good in the industry: 69.77% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.2 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 1.72 |
ROIC/WACC1.72
WACC7.8%
2.3 Liquidity
- A Current Ratio of 1.20 indicates that ICOP should not have too much problems paying 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 67.44% of the companies in the same industry.
- A Quick Ratio of 0.79 indicates that ICOP may have some problems paying its short term obligations.
- Looking at the Quick ratio, with a value of 0.79, ICOP is doing worse than 83.72% of the companies in the same industry.
| 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.
- The Earnings Per Share has been growing by 75.63% on average over the past years. This is a very strong growth
- 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
- The Earnings Per Share is expected to grow by 29.38% on average over the next years. This is a very strong growth
- 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
- A Price/Earnings ratio of 23.77 indicates a rather expensive valuation of ICOP.
- Based on the Price/Earnings ratio, ICOP is valued a bit more expensive than 72.09% of the companies 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.
- Based on the Price/Forward Earnings ratio of 12.12, the valuation of ICOP can be described as correct.
- The rest of the industry has a similar Price/Forward Earnings ratio as ICOP.
- When comparing the Price/Forward Earnings ratio of ICOP to the average of the S&P500 Index (25.98), we can say ICOP is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 23.77 | ||
| Fwd PE | 12.12 |
4.2 Price Multiples
- ICOP's Enterprise Value to EBITDA ratio is a bit more expensive when compared to the industry. ICOP is 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
- ICOP has a yearly dividend return of 0.38%, which is pretty low.
- Compared to an average industry Dividend Yield of 2.33, 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 1.81.
| 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 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%.