INDEL B SPA (INDB.MI) Stock Fundamental Analysis

Europe • Euronext Milan • BIT:INDB • IT0005245508

20 EUR
-0.1 (-0.5%)
Last: Jan 29, 2026, 05:26 PM
Fundamental Rating

5

INDB gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 33 industry peers in the Household Durables industry. Both the profitability and the financial health of INDB get a neutral evaluation. Nothing too spectacular is happening here. INDB is valued correctly, but it does not seem to be growing. Finally INDB also has an excellent dividend rating. With these ratings, INDB could be worth investigating further for dividend investing!.


Dividend Valuation Growth Profitability Health

5

1. Profitability

1.1 Basic Checks

  • In the past year INDB was profitable.
  • In the past year INDB had a positive cash flow from operations.
  • Each year in the past 5 years INDB has been profitable.
  • Of the past 5 years INDB 4 years had a positive operating cash flow.
INDB.MI Yearly Net Income VS EBIT VS OCF VS FCFINDB.MI Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10M -10M 20M 30M

1.2 Ratios

  • The Return On Assets of INDB (4.08%) is better than 78.79% of its industry peers.
  • The Return On Equity of INDB (7.64%) is better than 69.70% of its industry peers.
  • INDB has a Return On Invested Capital of 5.27%. This is in the better half of the industry: INDB outperforms 60.61% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for INDB is in line with the industry average of 9.38%.
Industry RankSector 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%
INDB.MI Yearly ROA, ROE, ROICINDB.MI Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 5 10 15 20 25

1.3 Margins

  • The Profit Margin of INDB (5.34%) is better than 78.79% of its industry peers.
  • In the last couple of years the Profit Margin of INDB has declined.
  • INDB's Operating Margin of 6.74% is fine compared to the rest of the industry. INDB outperforms 63.64% 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 in line with its industry peers.
  • INDB's Gross Margin has been stable in the last couple of years.
Industry RankSector 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%
INDB.MI Yearly Profit, Operating, Gross MarginsINDB.MI Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 10 20 30 40

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6

2. Health

2.1 Basic Checks

  • INDB has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
  • The number of shares outstanding for INDB has been reduced compared to 1 year ago.
  • INDB has less shares outstanding than it did 5 years ago.
  • INDB has a better debt/assets ratio than last year.
INDB.MI Yearly Shares OutstandingINDB.MI Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 1M 2M 3M 4M 5M
INDB.MI Yearly Total Debt VS Total AssetsINDB.MI Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M 200M

2.2 Solvency

  • An Altman-Z score of 2.00 indicates that INDB is not a great score, but indicates only limited risk for bankruptcy at the moment.
  • With a Altman-Z score value of 2.00, INDB perfoms like the industry average, outperforming 51.52% of the companies in the same industry.
  • INDB has a debt to FCF ratio of 9.81. This is a negative value and a sign of low solvency as INDB would need 9.81 years to pay back of all of its debts.
  • The Debt to FCF ratio of INDB (9.81) is better than 60.61% of its industry peers.
  • A Debt/Equity ratio of 0.26 indicates that INDB is not too dependend on debt financing.
  • INDB has a Debt to Equity ratio of 0.26. This is in the better half of the industry: INDB outperforms 75.76% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.26
Debt/FCF 9.81
Altman-Z 2
ROIC/WACC0.77
WACC6.83%
INDB.MI Yearly LT Debt VS Equity VS FCFINDB.MI Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20M 40M 60M 80M 100M

2.3 Liquidity

  • A Current Ratio of 2.05 indicates that INDB has no problem at all paying its short term obligations.
  • INDB has a better Current ratio (2.05) than 72.73% of its industry peers.
  • INDB has a Quick Ratio of 1.10. This is a normal value and indicates that INDB is financially healthy and should not expect problems in meeting its short term obligations.
  • INDB has a Quick ratio of 1.10. This is in the better half of the industry: INDB outperforms 75.76% of its industry peers.
Industry RankSector Rank
Current Ratio 2.05
Quick Ratio 1.1
INDB.MI Yearly Current Assets VS Current LiabilitesINDB.MI Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M

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3

3. Growth

3.1 Past

  • The Earnings Per Share has been growing slightly by 5.59% over the past year.
  • The Earnings Per Share has been decreasing by -6.26% on average over the past years.
  • INDB shows a decrease in Revenue. In the last year, the revenue decreased by -9.76%.
  • INDB shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 5.55% yearly.
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

  • The Earnings Per Share is expected to grow by 10.31% on average over the next years. This is quite good.
  • INDB is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 3.80% yearly.
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

  • The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
INDB.MI Yearly Revenue VS EstimatesINDB.MI Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 50M 100M 150M 200M
INDB.MI Yearly EPS VS EstimatesINDB.MI Yearly EPS VS EstimatesYearly EPS VS Estimates 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 1 2 3

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5

4. Valuation

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 10.20 indicates a reasonable valuation of INDB.
  • Based on the Price/Earnings ratio, INDB is valued a bit cheaper than the industry average as 78.79% of the companies are valued more expensively.
  • When comparing the Price/Earnings ratio of INDB to the average of the S&P500 Index (28.25), we can say INDB is valued rather cheaply.
  • INDB is valuated cheaply with a Price/Forward Earnings ratio of 6.78.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of INDB indicates a rather cheap valuation: INDB is cheaper than 84.85% of the companies listed in the same industry.
  • INDB's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 27.50.
Industry RankSector Rank
PE 10.2
Fwd PE 6.78
INDB.MI Price Earnings VS Forward Price EarningsINDB.MI Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • INDB's Enterprise Value to EBITDA ratio is in line with the industry average.
  • The rest of the industry has a similar Price/Free Cash Flow ratio as INDB.
Industry RankSector Rank
P/FCF 19.16
EV/EBITDA 7.26
INDB.MI Per share dataINDB.MI EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30

4.3 Compensation for Growth

PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y13.33%
EPS Next 3Y10.31%

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7

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 2.76.
  • Compared to an average S&P500 Dividend Yield of 1.82, INDB pays a better dividend.
Industry RankSector 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%
INDB.MI Yearly Income VS Free CF VS DividendINDB.MI Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10M -10M 20M
INDB.MI Dividend Payout.INDB.MI Dividend Payout, showing the Payout Ratio.INDB.MI Dividend Payout.PayoutRetained Earnings

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INDEL B SPA

BIT:INDB (1/29/2026, 5:26:46 PM)

20

-0.1 (-0.5%)

Chartmill FA Rating
GICS IndustryGroupConsumer Durables & Apparel
GICS IndustryHousehold Durables
Earnings (Last)10-23
Earnings (Next)04-10
Inst Owners10.92%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap116.80M
Revenue(TTM)199.57M
Net Income(TTM)10.66M
Analysts42.22
Price Target26.52 (32.6%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector 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)4%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)7.73%
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 10.2
Fwd PE 6.78
P/S 0.59
P/FCF 19.16
P/OCF 8.33
P/B 0.84
P/tB 1.21
EV/EBITDA 7.26
EPS(TTM)1.96
EY9.8%
EPS(NY)2.95
Fwd EY14.74%
FCF(TTM)1.04
FCFY5.22%
OCF(TTM)2.4
OCFY12%
SpS34.17
BVpS23.88
TBVpS16.47
PEG (NY)N/A
PEG (5Y)N/A
Graham Number32.45
Profitability
Industry RankSector 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 RankSector 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 2
F-Score6
WACC6.83%
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 5 / 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.