ICOP SPA (ICOP.MI) Stock Fundamental Analysis

Europe • Euronext Milan • BIT:ICOP • IT0001214433

18.7 EUR
+0.4 (+2.19%)
Last: Jan 30, 2026, 07:00 PM
Fundamental Rating

4

Taking everything into account, ICOP scores 4 out of 10 in our fundamental rating. ICOP was compared to 42 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 not priced too expensively while it is growing strongly. Keep and eye on this one!


Dividend Valuation Growth Profitability Health

5

1. Profitability

1.1 Basic Checks

  • In the past year ICOP was profitable.
  • 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

  • Looking at the Return On Assets, with a value of 4.55%, ICOP is in line with its industry, outperforming 59.52% 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 64.29% 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 76.19% 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 11.33%.
  • 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

  • Looking at the Profit Margin, with a value of 14.41%, ICOP belongs to the top of the industry, outperforming 85.71% of the companies in the same industry.
  • ICOP's Profit Margin has improved in the last couple of years.
  • ICOP has a better Operating Margin (22.87%) than 92.86% 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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2

2. Health

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so ICOP is still creating some value.
  • The number of shares outstanding for ICOP has been increased compared to 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 1.74. This is a bad value and indicates that ICOP is not financially healthy and even has some risk of bankruptcy.
  • ICOP's Altman-Z score of 1.74 is in line compared to the rest of the industry. ICOP outperforms 40.48% 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.
  • The Debt to Equity ratio of ICOP (1.20) is worse than 69.05% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.2
Debt/FCF N/A
Altman-Z 1.74
ROIC/WACC1.72
WACC7.81%
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

  • 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 69.05% 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.
  • The Quick ratio of ICOP (0.79) is worse than 80.95% 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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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.
  • ICOP shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 75.63% yearly.
  • 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

  • The Earnings Per Share is expected to grow by 29.38% on average over the next years. This is a very strong growth
  • 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

  • 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.
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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4

4. Valuation

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 24.29, ICOP is valued on the expensive side.
  • Compared to the rest of the industry, the Price/Earnings ratio of ICOP indicates a slightly more expensive valuation: ICOP is more expensive than 71.43% of the companies listed in the same industry.
  • Compared to an average S&P500 Price/Earnings ratio of 28.18, ICOP is valued at the same level.
  • ICOP is valuated correctly with a Price/Forward Earnings ratio of 12.39.
  • ICOP's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. ICOP is cheaper than 61.90% of the companies in the same industry.
  • When comparing the Price/Forward Earnings ratio of ICOP to the average of the S&P500 Index (25.51), we can say ICOP is valued rather cheaply.
Industry RankSector Rank
PE 24.29
Fwd PE 12.39
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

  • ICOP's Enterprise Value to EBITDA ratio is a bit more expensive when compared to the industry. ICOP is more expensive than 73.81% of the companies in the same industry.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 14.38
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

  • 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)0.8
PEG (5Y)N/A
EPS Next 2Y40.01%
EPS Next 3Y29.38%

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2

5. Dividend

5.1 Amount

  • ICOP has a yearly dividend return of 0.38%, which is pretty low.
  • ICOP's Dividend Yield is slightly below the industry average, which is at 2.49.
  • Compared to an average S&P500 Dividend Yield of 1.83, ICOP's dividend is way lower than the S&P500 average.
Industry RankSector Rank
Dividend Yield 0.38%

5.2 History

Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years0

5.3 Sustainability

  • 5.94% of the earnings are spent on dividend by ICOP. This is a low number and 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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ICOP SPA

BIT:ICOP (1/30/2026, 7:00:00 PM)

18.7

+0.4 (+2.19%)

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 Cap594.29M
Revenue(TTM)148.88M
Net Income(TTM)21.45M
Analysts87.5
Price Target21.17 (13.21%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 0.38%
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)-1.5%
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 24.29
Fwd PE 12.39
P/S 3.99
P/FCF N/A
P/OCF 211.53
P/B 6.46
P/tB 17.08
EV/EBITDA 14.38
EPS(TTM)0.77
EY4.12%
EPS(NY)1.51
Fwd EY8.07%
FCF(TTM)-0.86
FCFYN/A
OCF(TTM)0.09
OCFY0.47%
SpS4.68
BVpS2.9
TBVpS1.09
PEG (NY)0.8
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 1.74
F-Score3
WACC7.81%
ROIC/WACC1.72
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 4 / 10 to ICOP SPA (ICOP.MI). This can be considered as Fairly Valued.


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%.