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 43 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 expensively, but it does show have an excellent growth rating.
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 has a Return On Assets (4.55%) which is in line with its industry peers.
- 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.
- ICOP has a better Return On Invested Capital (13.40%) than 76.74% 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 11.17%.
- 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
- With an excellent Profit Margin value of 14.41%, ICOP belongs to the best 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.
- 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.
- 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.
- ICOP has a Debt/Equity ratio of 1.20. This is a high value indicating a heavy dependency on external financing.
- Looking at the Debt to Equity ratio, with a value of 1.20, ICOP is doing worse than 69.77% 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
WACC7.8%
2.3 Liquidity
- A Current Ratio of 1.20 indicates that ICOP should not have too much problems paying its short term obligations.
- ICOP's Current ratio of 1.20 is fine compared to the rest 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.
- With a Quick ratio value of 0.79, ICOP is not doing good in the industry: 83.72% 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
- The Earnings Per Share has grown by an impressive 97.06% over the past year.
- ICOP shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 75.63% yearly.
- Looking at the last year, ICOP shows a quite strong growth in Revenue. The Revenue has grown by 17.59% in the last year.
- Measured over the past years, ICOP shows a small growth in Revenue. The Revenue has been growing by 0.56% on average per year.
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.
- ICOP is expected to show a strong growth in Revenue. In the coming years, the Revenue will grow by 45.15% yearly.
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
- Although the future EPS growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
- When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
- With a Price/Earnings ratio of 23.77, ICOP is valued on the expensive side.
- 72.09% of the companies in the same industry are cheaper than ICOP, based on the Price/Earnings ratio.
- Compared to an average S&P500 Price/Earnings ratio of 27.21, ICOP is valued at the same level.
- With a Price/Forward Earnings ratio of 12.12, ICOP is valued correctly.
- Compared to the rest of the industry, the Price/Forward Earnings ratio of ICOP is on the same level as its industry peers.
- ICOP is valuated cheaply when we compare the Price/Forward Earnings ratio to 24.26, which is the current average of the S&P500 Index.
| 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 the industry average as 74.42% of the companies are valued more cheaply.
| 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.
- ICOP's earnings are expected to grow with 29.38% in the coming years. This may justify a more expensive valuation.
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 0.43%, ICOP is not a good candidate for dividend investing.
- ICOP's Dividend Yield is slightly below the industry average, which is at 2.48.
- 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 | 0.43% |
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%.