INDEL B SPA (INDB.MI) Stock Fundamental Analysis
BIT:INDB • IT0005245508
19.5 EUR
-0.5 (-2.5%)
Last: Feb 6, 2026, 07:00 PM
We assign a fundamental rating of 5 out of 10 to INDB. INDB was compared to 35 industry peers in the Household Durables industry. INDB has only an average score on both its financial health and profitability. INDB has a valuation in line with the averages, but it does not seem to be growing. Finally INDB also has an excellent dividend rating. These ratings could make INDB a good candidate for dividend investing.
1. Profitability
1.1 Basic Checks
- In the past year INDB was profitable.
- INDB had a positive operating cash flow in the past year.
- INDB had positive earnings in each of the past 5 years.
- Of the past 5 years INDB 4 years had a positive operating cash flow.
1.2 Ratios
- Looking at the Return On Assets, with a value of 4.08%, INDB is in the better half of the industry, outperforming 77.14% of the companies in the same industry.
- With a decent Return On Equity value of 7.64%, INDB is doing good in the industry, outperforming 68.57% of the companies in the same industry.
- INDB has a Return On Invested Capital of 5.27%. This is comparable to the rest of the industry: INDB outperforms 60.00% of its industry peers.
- INDB had an Average Return On Invested Capital over the past 3 years of 7.68%. This is in line with the industry average of 9.53%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.08% | ||
| ROE | 7.64% | ||
| ROIC | 5.27% |
ROA(3y)5.09%
ROA(5y)6.04%
ROE(3y)8.94%
ROE(5y)10.97%
ROIC(3y)7.68%
ROIC(5y)7.55%
1.3 Margins
- INDB has a better Profit Margin (5.34%) than 77.14% of its industry peers.
- In the last couple of years the Profit Margin of INDB has declined.
- INDB has a better Operating Margin (6.74%) than 62.86% of its industry peers.
- In the last couple of years the Operating Margin of INDB has declined.
- INDB has a Gross Margin (42.99%) which is comparable to the rest of the industry.
- INDB's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 6.74% | ||
| PM (TTM) | 5.34% | ||
| GM | 42.99% |
OM growth 3Y-8.77%
OM growth 5Y-9.46%
PM growth 3Y-25.75%
PM growth 5Y-12.36%
GM growth 3Y-2.24%
GM growth 5Y0.07%
2. Health
2.1 Basic Checks
- The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so INDB is still creating some value.
- The number of shares outstanding for INDB has been reduced compared to 1 year ago.
- The number of shares outstanding for INDB has been reduced compared to 5 years ago.
- INDB has a better debt/assets ratio than last year.
2.2 Solvency
- INDB has an Altman-Z score of 1.99. This is not the best score and indicates that INDB is in the grey zone with still only limited risk for bankruptcy at the moment.
- INDB has a Altman-Z score (1.99) which is in line with its industry peers.
- The Debt to FCF ratio of INDB is 9.81, which is on the high side as it means it would take INDB, 9.81 years of fcf income to pay off all of its debts.
- INDB has a Debt to FCF ratio (9.81) which is in line with its industry peers.
- A Debt/Equity ratio of 0.26 indicates that INDB is not too dependend on debt financing.
- Looking at the Debt to Equity ratio, with a value of 0.26, INDB is in the better half of the industry, outperforming 77.14% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.26 | ||
| Debt/FCF | 9.81 | ||
| Altman-Z | 1.99 |
ROIC/WACC0.77
WACC6.81%
2.3 Liquidity
- INDB has a Current Ratio of 2.05. This indicates that INDB is financially healthy and has no problem in meeting its short term obligations.
- Looking at the Current ratio, with a value of 2.05, INDB is in the better half of the industry, outperforming 74.29% of the companies in the same industry.
- A Quick Ratio of 1.10 indicates that INDB should not have too much problems paying its short term obligations.
- Looking at the Quick ratio, with a value of 1.10, INDB is in the better half of the industry, outperforming 74.29% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.05 | ||
| Quick Ratio | 1.1 |
3. Growth
3.1 Past
- The Earnings Per Share has been growing slightly by 5.59% over the past year.
- Measured over the past years, INDB shows a decrease in Earnings Per Share. The EPS has been decreasing by -6.26% on average per year.
- Looking at the last year, INDB shows a decrease in Revenue. The Revenue has decreased by -9.76% in the last year.
- The Revenue has been growing slightly by 5.55% on average over the past years.
EPS 1Y (TTM)5.59%
EPS 3Y-22.76%
EPS 5Y-6.26%
EPS Q2Q%174.19%
Revenue 1Y (TTM)-9.76%
Revenue growth 3Y2.41%
Revenue growth 5Y5.55%
Sales Q2Q%-1.94%
3.2 Future
- INDB is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 10.31% yearly.
- Based on estimates for the next years, INDB will show a small growth in Revenue. The Revenue will grow by 3.80% on average per year.
EPS Next Y-7.11%
EPS Next 2Y13.33%
EPS Next 3Y10.31%
EPS Next 5YN/A
Revenue Next Year0.45%
Revenue Next 2Y4.34%
Revenue Next 3Y3.8%
Revenue Next 5YN/A
3.3 Evolution
- When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
- When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
- INDB is valuated reasonably with a Price/Earnings ratio of 9.95.
- Based on the Price/Earnings ratio, INDB is valued a bit cheaper than 80.00% of the companies in the same industry.
- INDB is valuated cheaply when we compare the Price/Earnings ratio to 27.67, which is the current average of the S&P500 Index.
- The Price/Forward Earnings ratio is 6.62, which indicates a rather cheap valuation of INDB.
- Based on the Price/Forward Earnings ratio, INDB is valued cheaper than 88.57% of the companies in the same industry.
- INDB is valuated cheaply when we compare the Price/Forward Earnings ratio to 27.69, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.95 | ||
| Fwd PE | 6.62 |
4.2 Price Multiples
- Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of INDB is on the same level as its industry peers.
- 62.86% of the companies in the same industry are more expensive than INDB, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 18.68 | ||
| EV/EBITDA | 7.11 |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y13.33%
EPS Next 3Y10.31%
5. Dividend
5.1 Amount
- INDB has a Yearly Dividend Yield of 4.07%, which is a nice return.
- INDB's Dividend Yield is a higher than the industry average which is at 2.75.
- Compared to an average S&P500 Dividend Yield of 1.80, INDB pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.07% |
5.2 History
- The dividend of INDB has a limited annual growth rate of 4.11%.
Dividend Growth(5Y)4.11%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
- INDB pays out 41.75% of its income as dividend. This is a bit on the high side, but may be sustainable.
- The dividend of INDB is growing, but earnings are growing more, so the dividend growth is sustainable.
DP41.75%
EPS Next 2Y13.33%
EPS Next 3Y10.31%
BIT:INDB (2/6/2026, 7:00:00 PM)
19.5
-0.5 (-2.5%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Durables & Apparel
GICS IndustryHousehold Durables
Earnings (Last)10-23 2025-10-23
Earnings (Next)04-10 2026-04-10
Inst Owners10.92%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap113.88M
Revenue(TTM)199.57M
Net Income(TTM)10.66M
Analysts42.22
Price Target26.52 (36%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.07% |
Yearly Dividend0.85
Dividend Growth(5Y)4.11%
DP41.75%
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 Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.95 | ||
| Fwd PE | 6.62 | ||
| P/S | 0.57 | ||
| P/FCF | 18.68 | ||
| P/OCF | 8.12 | ||
| P/B | 0.82 | ||
| P/tB | 1.18 | ||
| EV/EBITDA | 7.11 |
EPS(TTM)1.96
EY10.05%
EPS(NY)2.95
Fwd EY15.12%
FCF(TTM)1.04
FCFY5.35%
OCF(TTM)2.4
OCFY12.31%
SpS34.17
BVpS23.88
TBVpS16.47
PEG (NY)N/A
PEG (5Y)N/A
Graham Number32.45
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.08% | ||
| ROE | 7.64% | ||
| ROCE | 7.35% | ||
| ROIC | 5.27% | ||
| ROICexc | 6.37% | ||
| ROICexgc | 8.89% | ||
| OM | 6.74% | ||
| PM (TTM) | 5.34% | ||
| GM | 42.99% | ||
| FCFM | 3.05% |
ROA(3y)5.09%
ROA(5y)6.04%
ROE(3y)8.94%
ROE(5y)10.97%
ROIC(3y)7.68%
ROIC(5y)7.55%
ROICexc(3y)9.07%
ROICexc(5y)9.38%
ROICexgc(3y)10.58%
ROICexgc(5y)11.18%
ROCE(3y)10.7%
ROCE(5y)10.5%
ROICexgc growth 3Y-10.76%
ROICexgc growth 5Y-10.12%
ROICexc growth 3Y-9.04%
ROICexc growth 5Y-9.21%
OM growth 3Y-8.77%
OM growth 5Y-9.46%
PM growth 3Y-25.75%
PM growth 5Y-12.36%
GM growth 3Y-2.24%
GM growth 5Y0.07%
F-Score6
Asset Turnover0.76
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.26 | ||
| Debt/FCF | 9.81 | ||
| Debt/EBITDA | 1.84 | ||
| Cap/Depr | 126.12% | ||
| Cap/Sales | 3.97% | ||
| Interest Coverage | 10.53 | ||
| Cash Conversion | 71.05% | ||
| Profit Quality | 57.19% | ||
| Current Ratio | 2.05 | ||
| Quick Ratio | 1.1 | ||
| Altman-Z | 1.99 |
F-Score6
WACC6.81%
ROIC/WACC0.77
Cap/Depr(3y)130.37%
Cap/Depr(5y)133.09%
Cap/Sales(3y)3.54%
Cap/Sales(5y)3.91%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)5.59%
EPS 3Y-22.76%
EPS 5Y-6.26%
EPS Q2Q%174.19%
EPS Next Y-7.11%
EPS Next 2Y13.33%
EPS Next 3Y10.31%
EPS Next 5YN/A
Revenue 1Y (TTM)-9.76%
Revenue growth 3Y2.41%
Revenue growth 5Y5.55%
Sales Q2Q%-1.94%
Revenue Next Year0.45%
Revenue Next 2Y4.34%
Revenue Next 3Y3.8%
Revenue Next 5YN/A
EBIT growth 1Y-16.48%
EBIT growth 3Y-6.57%
EBIT growth 5Y-4.44%
EBIT Next Year41.32%
EBIT Next 3Y23.16%
EBIT Next 5YN/A
FCF growth 1Y-64.2%
FCF growth 3YN/A
FCF growth 5Y2.06%
OCF growth 1Y-35.1%
OCF growth 3Y45.93%
OCF growth 5Y1.35%
INDEL B SPA / INDB.MI FAQ
Can you provide the ChartMill fundamental rating for INDEL B SPA?
ChartMill assigns a fundamental rating of 5 / 10 to INDB.MI.
What is the valuation status for INDB stock?
ChartMill assigns a valuation rating of 6 / 10 to INDEL B SPA (INDB.MI). This can be considered as Fairly Valued.
How profitable is INDEL B SPA (INDB.MI) stock?
INDEL B SPA (INDB.MI) has a profitability rating of 5 / 10.
How financially healthy is INDEL B SPA?
The financial health rating of INDEL B SPA (INDB.MI) is 6 / 10.
What is the earnings growth outlook for INDEL B SPA?
The Earnings per Share (EPS) of INDEL B SPA (INDB.MI) is expected to decline by -7.11% in the next year.