ICOP SPA (ICOP.MI) Stock Fundamental Analysis

BIT:ICOP • IT0001214433

20.8 EUR
+1.15 (+5.85%)
Last: Feb 12, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership
Fundamental Rating

4

ICOP gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 44 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 shows excellent growth, but is valued quite expensive already.


Dividend Valuation Growth Profitability Health

5

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.
ICOP.MI Yearly Net Income VS EBIT VS OCF VS FCFICOP.MI Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2021 2022 2023 2024 0 10M 20M 30M

1.2 Ratios

  • ICOP's Return On Assets of 4.55% is in line compared to the rest of the industry. ICOP outperforms 59.09% of its industry peers.
  • ICOP has a better Return On Equity (23.31%) than 65.91% of its industry peers.
  • ICOP's Return On Invested Capital of 13.40% is fine compared to the rest of the industry. ICOP outperforms 75.00% of its industry peers.
  • ICOP had an Average Return On Invested Capital over the past 3 years of 9.45%. This is in line with the industry average of 11.41%.
  • 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 RankSector 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
ICOP.MI Yearly ROA, ROE, ROICICOP.MI Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2021 2022 2023 2024 5 10 15

1.3 Margins

  • ICOP has a better Profit Margin (14.41%) than 84.09% 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 93.18% of its industry peers.
  • ICOP's Operating Margin has improved in the last couple of years.
Industry RankSector 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
ICOP.MI Yearly Profit, Operating, Gross MarginsICOP.MI Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2021 2022 2023 2024 0 20 40

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ROAROEROICOperating and Profit MarginShow most profitable peers

2

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.
  • ICOP has more shares outstanding than it did 1 year ago.
  • Compared to 1 year ago, ICOP has an improved debt to assets ratio.
ICOP.MI Yearly Shares OutstandingICOP.MI Yearly Shares OutstandingYearly Shares Outstanding 2021 2022 2023 2024 5M 10M 15M 20M 25M
ICOP.MI Yearly Total Debt VS Total AssetsICOP.MI Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2021 2022 2023 2024 100M 200M 300M

2.2 Solvency

  • ICOP has an Altman-Z score of 1.84. This is not the best score and indicates that ICOP is in the grey zone with still only limited risk for bankruptcy at the moment.
  • ICOP has a Altman-Z score of 1.84. This is comparable to the rest of the industry: ICOP outperforms 43.18% 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.
  • ICOP's Debt to Equity ratio of 1.20 is on the low side compared to the rest of the industry. ICOP is outperformed by 70.45% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.2
Debt/FCF N/A
Altman-Z 1.84
ROIC/WACC1.71
WACC7.85%
ICOP.MI Yearly LT Debt VS Equity VS FCFICOP.MI Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2021 2022 2023 2024 0 20M 40M 60M 80M

2.3 Liquidity

  • A Current Ratio of 1.20 indicates that ICOP should not have too much problems paying its short term obligations.
  • With a decent Current ratio value of 1.20, ICOP is doing good in the industry, outperforming 65.91% 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.
  • ICOP's Quick ratio of 0.79 is on the low side compared to the rest of the industry. ICOP is outperformed by 81.82% of its industry peers.
Industry RankSector Rank
Current Ratio 1.2
Quick Ratio 0.79
ICOP.MI Yearly Current Assets VS Current LiabilitesICOP.MI Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2021 2022 2023 2024 50M 100M 150M 200M 250M

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

8

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.
  • The Revenue has grown by 17.59% in the past year. This is quite good.
  • 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

  • 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

  • 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.
ICOP.MI Yearly Revenue VS EstimatesICOP.MI Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2021 2022 2023 2024 2025 2026 2027 200M 400M 600M
ICOP.MI Yearly EPS VS EstimatesICOP.MI Yearly EPS VS EstimatesYearly EPS VS Estimates 2024 2025 2026 2027 0.5 1 1.5

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Find the best growth stocksShow best growing peers

3

4. Valuation

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 27.01 indicates a quite expensive valuation of ICOP.
  • ICOP's Price/Earnings ratio is a bit more expensive when compared to the industry. ICOP is more expensive than 70.45% of the companies in the same industry.
  • ICOP's Price/Earnings ratio indicates a similar valuation than the S&P500 average which is at 27.97.
  • The Price/Forward Earnings ratio is 13.78, which indicates a correct valuation of ICOP.
  • ICOP's Price/Forward Earnings is on the same level as the industry average.
  • The average S&P500 Price/Forward Earnings ratio is at 27.96. ICOP is valued rather cheaply when compared to this.
Industry RankSector Rank
PE 27.01
Fwd PE 13.78
ICOP.MI Price Earnings VS Forward Price EarningsICOP.MI Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, ICOP is valued a bit more expensive than the industry average as 72.73% of the companies are valued more cheaply.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 15.7
ICOP.MI Per share dataICOP.MI EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 1 2 3 4

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)0.89
PEG (5Y)N/A
EPS Next 2Y40.01%
EPS Next 3Y29.38%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

2

5. Dividend

5.1 Amount

  • With a yearly dividend of 0.37%, ICOP is not a good candidate for dividend investing.
  • Compared to an average industry Dividend Yield of 2.45, ICOP is paying slightly less dividend.
  • Compared to an average S&P500 Dividend Yield of 1.79, ICOP's dividend is way lower than the S&P500 average.
Industry RankSector Rank
Dividend Yield 0.37%

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.MI Yearly Income VS Free CF VS DividendICOP.MI Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2021 2022 2023 2024 0 5M 10M 15M
ICOP.MI Dividend Payout.ICOP.MI Dividend Payout, showing the Payout Ratio.ICOP.MI Dividend Payout.PayoutRetained Earnings

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Find the best dividend stocksShow peers with best dividend

ICOP SPA

BIT:ICOP (2/12/2026, 7:00:00 PM)

20.8

+1.15 (+5.85%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryConstruction & Engineering
Earnings (Last)09-29
Earnings (Next)03-30
Inst Owners10%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap661.02M
Revenue(TTM)148.88M
Net Income(TTM)21.45M
Analysts87.5
Price Target21.17 (1.78%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 0.37%
Yearly Dividend0.08
Dividend Growth(5Y)N/A
DP5.94%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0%
PT rev (3m)0%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)0%
Valuation
Industry RankSector Rank
PE 27.01
Fwd PE 13.78
P/S 4.44
P/FCF N/A
P/OCF 235.28
P/B 7.18
P/tB 19
EV/EBITDA 15.7
EPS(TTM)0.77
EY3.7%
EPS(NY)1.51
Fwd EY7.26%
FCF(TTM)-0.86
FCFYN/A
OCF(TTM)0.09
OCFY0.43%
SpS4.68
BVpS2.9
TBVpS1.09
PEG (NY)0.89
PEG (5Y)N/A
Graham Number7.08
Profitability
Industry RankSector Rank
ROA 4.55%
ROE 23.31%
ROCE 16.26%
ROIC 13.4%
ROICexc 16.24%
ROICexgc 24.27%
OM 22.87%
PM (TTM) 14.41%
GM N/A
FCFM N/A
ROA(3y)3.57%
ROA(5y)N/A
ROE(3y)14.08%
ROE(5y)N/A
ROIC(3y)9.45%
ROIC(5y)N/A
ROICexc(3y)19.53%
ROICexc(5y)N/A
ROICexgc(3y)20.62%
ROICexgc(5y)N/A
ROCE(3y)11.48%
ROCE(5y)N/A
ROICexgc growth 3Y342.53%
ROICexgc growth 5YN/A
ROICexc growth 3Y334.02%
ROICexc growth 5YN/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
F-Score3
Asset Turnover0.32
Health
Industry RankSector Rank
Debt/Equity 1.2
Debt/FCF N/A
Debt/EBITDA 2.18
Cap/Depr 182.44%
Cap/Sales 20.23%
Interest Coverage 250
Cash Conversion 5.56%
Profit Quality N/A
Current Ratio 1.2
Quick Ratio 0.79
Altman-Z 1.84
F-Score3
WACC7.85%
ROIC/WACC1.71
Cap/Depr(3y)172.92%
Cap/Depr(5y)N/A
Cap/Sales(3y)15.47%
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)97.06%
EPS 3Y75.63%
EPS 5YN/A
EPS Q2Q%48.4%
EPS Next Y30.46%
EPS Next 2Y40.01%
EPS Next 3Y29.38%
EPS Next 5YN/A
Revenue 1Y (TTM)17.59%
Revenue growth 3Y0.56%
Revenue growth 5YN/A
Sales Q2Q%308.42%
Revenue Next Year114.11%
Revenue Next 2Y69.51%
Revenue Next 3Y45.15%
Revenue Next 5YN/A
EBIT growth 1Y160.53%
EBIT growth 3Y323.37%
EBIT growth 5YN/A
EBIT Next Year158.62%
EBIT Next 3Y53.8%
EBIT Next 5YN/A
FCF growth 1Y-89.53%
FCF growth 3Y-21.23%
FCF growth 5YN/A
OCF growth 1Y-18.72%
OCF growth 3Y28.3%
OCF growth 5YN/A

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%.