ICOP SPA (ICOP.MI) Stock Fundamental Analysis
Europe - Euronext Milan - BIT:ICOP - IT0001214433 - Common Stock
18.3 EUR
-0.3 (-1.61%)
We assign a fundamental rating of 4 out of 10 to ICOP. ICOP was compared to 43 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 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
- 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.
- The Return On Equity of ICOP (23.31%) is better than 65.12% of its industry peers.
- ICOP has a Return On Invested Capital of 13.40%. This is in the better half 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 11.17%.
- The last Return On Invested Capital (13.40%) for ICOP is above the 3 year average (9.45%), which is a sign of increasing profitability.
| 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 83.72% of its industry peers.
- ICOP's Profit Margin has improved in the last couple of years.
- ICOP's Operating Margin of 22.87% is amongst the best of 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.
- The number of shares outstanding for ICOP has been increased compared to 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.
- The Altman-Z score of ICOP (1.72) is worse 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.
- 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
- 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's Current ratio of 1.20 is fine compared to the rest of the industry. ICOP outperforms 67.44% of its industry peers.
- 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
- 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.
- ICOP shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 17.59%.
- 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
- 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
- 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.
- 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 the industry average as 74.42% of the companies are valued more cheaply.
- When comparing the Price/Earnings ratio of ICOP to the average of the S&P500 Index (27.32), we can say ICOP is valued inline with the index average.
- ICOP is valuated correctly with a Price/Forward Earnings ratio of 12.12.
- The rest of the industry has a similar Price/Forward Earnings ratio as ICOP.
- ICOP is valuated cheaply when we compare the Price/Forward Earnings ratio to 24.32, 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 76.74% 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.
- 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 1.83, 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%.