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ICOP SPA (ICOP.MI) Stock Fundamental Analysis

Europe - BIT:ICOP - IT0001214433 - Common Stock

19.15 EUR
+1.45 (+8.19%)
Last: 9/16/2025, 7:00:00 PM
Fundamental Rating

5

ICOP gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 41 industry peers in the Construction & Engineering industry. Both the profitability and the financial health of ICOP get a neutral evaluation. Nothing too spectacular is happening here. ICOP is valued quite expensive, but it does show an excellent growth. With these ratings, ICOP could be worth investigating further for growth investing!.


Dividend Valuation Growth Profitability Health

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5

1. Profitability

1.1 Basic Checks

ICOP had positive earnings in the past year.
ICOP had a positive operating cash flow in the past year.
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 has a Return On Assets (4.54%) which is comparable to the rest of the industry.
With a decent Return On Equity value of 21.62%, ICOP is doing good in the industry, outperforming 65.85% of the companies in the same industry.
ICOP has a Return On Invested Capital of 12.13%. This is in the better half of the industry: ICOP outperforms 65.85% of its industry peers.
ICOP had an Average Return On Invested Capital over the past 3 years of 9.56%. This is in line with the industry average of 11.06%.
The 3 year average ROIC (9.56%) for ICOP is below the current ROIC(12.13%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 4.54%
ROE 21.62%
ROIC 12.13%
ROA(3y)3.57%
ROA(5y)N/A
ROE(3y)14.08%
ROE(5y)N/A
ROIC(3y)9.56%
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

The Profit Margin of ICOP (8.37%) is better than 80.49% of its industry peers.
In the last couple of years the Profit Margin of ICOP has grown nicely.
The Operating Margin of ICOP (10.32%) is better than 75.61% of its industry peers.
ICOP's Operating Margin has improved in the last couple of years.
ICOP has a Gross Margin of 32.39%. This is in the lower half of the industry: ICOP underperforms 65.85% of its industry peers.
Industry RankSector Rank
OM 10.32%
PM (TTM) 8.37%
GM 32.39%
OM growth 3Y324.53%
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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5

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.
The debt/assets ratio for ICOP has been reduced compared to a year ago.
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 3.00. This indicates that ICOP is financially healthy and has little risk of bankruptcy at the moment.
ICOP has a Altman-Z score of 3.00. This is in the better half of the industry: ICOP outperforms 75.61% of its industry peers.
The Debt to FCF ratio of ICOP is 2.52, which is a good value as it means it would take ICOP, 2.52 years of fcf income to pay off all of its debts.
ICOP's Debt to FCF ratio of 2.52 is fine compared to the rest of the industry. ICOP outperforms 73.17% of its industry peers.
A Debt/Equity ratio of 0.66 indicates that ICOP is somewhat dependend on debt financing.
ICOP has a Debt to Equity ratio of 0.66. This is comparable to the rest of the industry: ICOP outperforms 46.34% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.66
Debt/FCF 2.52
Altman-Z 3
ROIC/WACC1.57
WACC7.75%
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 1.21 indicates that ICOP should not have too much problems paying its short term obligations.
ICOP's Current ratio of 1.21 is fine compared to the rest of the industry. ICOP outperforms 63.41% of its industry peers.
A Quick Ratio of 0.91 indicates that ICOP may have some problems paying its short term obligations.
With a Quick ratio value of 0.91, ICOP perfoms like the industry average, outperforming 41.46% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 1.21
Quick Ratio 0.91
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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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 392.69%, which is quite impressive.
ICOP shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 76.67% yearly.
Looking at the last year, ICOP shows a small growth in Revenue. The Revenue has grown by 2.51% in the last year.
The Revenue has been growing slightly by 0.56% on average over the past years.
EPS 1Y (TTM)392.69%
EPS 3Y76.67%
EPS 5YN/A
EPS Q2Q%400.61%
Revenue 1Y (TTM)2.51%
Revenue growth 3Y0.56%
Revenue growth 5YN/A
Sales Q2Q%-5.98%

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 27.23% on average per year.
ICOP is expected to show a strong growth in Revenue. In the coming years, the Revenue will grow by 48.76% yearly.
EPS Next Y35.76%
EPS Next 2Y39.54%
EPS Next 3Y27.23%
EPS Next 5YN/A
Revenue Next Year145.99%
Revenue Next 2Y78.33%
Revenue Next 3Y48.76%
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.
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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2

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings ratio is 20.82, which indicates a rather expensive current valuation of ICOP.
ICOP's Price/Earnings ratio is a bit more expensive when compared to the industry. ICOP is more expensive than 70.73% of the companies in the same industry.
ICOP is valuated rather cheaply when we compare the Price/Earnings ratio to 27.20, which is the current average of the S&P500 Index.
ICOP is valuated rather expensively with a Price/Forward Earnings ratio of 18.32.
Based on the Price/Forward Earnings ratio, ICOP is valued a bit more expensive than 68.29% of the companies in the same industry.
ICOP's Price/Forward Earnings ratio indicates a similar valuation than the S&P500 average which is at 22.70.
Industry RankSector Rank
PE 20.82
Fwd PE 18.32
ICOP.MI Price Earnings VS Forward Price EarningsICOP.MI Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of ICOP indicates a slightly more expensive valuation: ICOP is more expensive than 75.61% of the companies listed in the same industry.
Based on the Price/Free Cash Flow ratio, ICOP is valued a bit more expensive than 60.98% of the companies in the same industry.
Industry RankSector Rank
P/FCF 23.09
EV/EBITDA 29.41
ICOP.MI Per share dataICOP.MI EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 1 2 3

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 27.23% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.58
PEG (5Y)N/A
EPS Next 2Y39.54%
EPS Next 3Y27.23%

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1

5. Dividend

5.1 Amount

With a yearly dividend of 0.37%, ICOP is not a good candidate for dividend investing.
ICOP's Dividend Yield is slightly below the industry average, which is at 3.72.
Compared to an average S&P500 Dividend Yield of 2.38, 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

DPN/A
EPS Next 2Y39.54%
EPS Next 3Y27.23%
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

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ICOP SPA

BIT:ICOP (9/16/2025, 7:00:00 PM)

19.15

+1.45 (+8.19%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryConstruction & Engineering
Earnings (Last)N/A N/A
Earnings (Next)09-29 2025-09-29
Inst Owners10.21%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap608.59M
Analysts87.5
Price Target18.11 (-5.43%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 0.37%
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
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)16.39%
PT rev (3m)37.6%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)-12.39%
EPS NY rev (3m)-12.39%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)4.66%
Valuation
Industry RankSector Rank
PE 20.82
Fwd PE 18.32
P/S 4.81
P/FCF 23.09
P/OCF 13.14
P/B 12.41
P/tB 12.6
EV/EBITDA 29.41
EPS(TTM)0.92
EY4.8%
EPS(NY)1.05
Fwd EY5.46%
FCF(TTM)0.83
FCFY4.33%
OCF(TTM)1.46
OCFY7.61%
SpS3.98
BVpS1.54
TBVpS1.52
PEG (NY)0.58
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA 4.54%
ROE 21.62%
ROCE 14.72%
ROIC 12.13%
ROICexc 17.12%
ROICexgc 17.32%
OM 10.32%
PM (TTM) 8.37%
GM 32.39%
FCFM 20.81%
ROA(3y)3.57%
ROA(5y)N/A
ROE(3y)14.08%
ROE(5y)N/A
ROIC(3y)9.56%
ROIC(5y)N/A
ROICexc(3y)19.65%
ROICexc(5y)N/A
ROICexgc(3y)20.73%
ROICexgc(5y)N/A
ROCE(3y)11.6%
ROCE(5y)N/A
ROICexcg growth 3Y343.69%
ROICexcg growth 5YN/A
ROICexc growth 3Y335.34%
ROICexc growth 5YN/A
OM growth 3Y324.53%
OM growth 5YN/A
PM growth 3Y75.7%
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
F-Score5
Asset Turnover0.54
Health
Industry RankSector Rank
Debt/Equity 0.66
Debt/FCF 2.52
Debt/EBITDA 1.48
Cap/Depr 222.02%
Cap/Sales 15.78%
Interest Coverage 250
Cash Conversion 209.95%
Profit Quality 248.58%
Current Ratio 1.21
Quick Ratio 0.91
Altman-Z 3
F-Score5
WACC7.75%
ROIC/WACC1.57
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)392.69%
EPS 3Y76.67%
EPS 5YN/A
EPS Q2Q%400.61%
EPS Next Y35.76%
EPS Next 2Y39.54%
EPS Next 3Y27.23%
EPS Next 5YN/A
Revenue 1Y (TTM)2.51%
Revenue growth 3Y0.56%
Revenue growth 5YN/A
Sales Q2Q%-5.98%
Revenue Next Year145.99%
Revenue Next 2Y78.33%
Revenue Next 3Y48.76%
Revenue Next 5YN/A
EBIT growth 1Y877.66%
EBIT growth 3Y326.9%
EBIT growth 5YN/A
EBIT Next Year148.28%
EBIT Next 3Y46.4%
EBIT Next 5YN/A
FCF growth 1YN/A
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1YN/A
OCF growth 3YN/A
OCF growth 5YN/A