INDEL B SPA (INDB.MI) Fundamental Analysis & Valuation

BIT:INDB • IT0005245508

Current stock price

19.15 EUR
-0.15 (-0.78%)
Last:

This INDB.MI fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

5

1. INDB.MI Profitability Analysis

1.1 Basic Checks

  • INDB had positive earnings in the past year.
  • 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 75.00% of its industry peers.
  • The Return On Equity of INDB (7.64%) is better than 65.63% of its industry peers.
  • Looking at the Return On Invested Capital, with a value of 5.27%, INDB is in line with its industry, outperforming 53.13% of the companies in the same industry.
  • Measured over the past 3 years, the Average Return On Invested Capital for INDB is below the industry average of 9.99%.
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

  • Looking at the Profit Margin, with a value of 5.34%, INDB is in the better half of the industry, outperforming 75.00% of the companies in the same industry.
  • INDB's Profit Margin has declined in the last couple of years.
  • With a decent Operating Margin value of 6.74%, INDB is doing good in the industry, outperforming 62.50% of the companies in the same industry.
  • INDB's Operating Margin has declined in the last couple of years.
  • INDB has a Gross Margin of 42.99%. This is comparable to the rest of the industry: INDB outperforms 56.25% of its industry peers.
  • In the last couple of years the Gross Margin of INDB has remained more or less at the same level.
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. INDB.MI Health Analysis

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.
  • INDB has less shares outstanding than it did 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 1.98 indicates that INDB is not a great score, but indicates only limited risk for bankruptcy at the moment.
  • The Altman-Z score of INDB (1.98) is comparable to the rest of the industry.
  • 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.
  • With a Debt to FCF ratio value of 9.81, INDB perfoms like the industry average, outperforming 59.38% of the companies in the same industry.
  • INDB has a Debt/Equity ratio of 0.26. This is a healthy value indicating a solid balance between debt and equity.
  • INDB has a Debt to Equity ratio of 0.26. This is in the better half of the industry: INDB outperforms 71.88% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.26
Debt/FCF 9.81
Altman-Z 1.98
ROIC/WACC0.78
WACC6.74%
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 Current ratio of 2.05. This is in the better half of the industry: INDB outperforms 68.75% 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 71.88% 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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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

3

3. INDB.MI Growth Analysis

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.
  • The Revenue has decreased by -9.76% in the past year.
  • Measured over the past years, INDB shows a small growth in Revenue. The Revenue has been growing by 5.55% on average per year.
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

  • Based on estimates for the next years, INDB will show a quite strong growth in Earnings Per Share. The EPS will grow by 10.31% on average per year.
  • 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

  • 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.
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. INDB.MI Valuation Analysis

4.1 Price/Earnings Ratio

  • INDB is valuated reasonably with a Price/Earnings ratio of 9.77.
  • Based on the Price/Earnings ratio, INDB is valued a bit cheaper than the industry average as 75.00% of the companies are valued more expensively.
  • The average S&P500 Price/Earnings ratio is at 25.70. INDB is valued rather cheaply when compared to this.
  • Based on the Price/Forward Earnings ratio of 6.50, the valuation of INDB can be described as very cheap.
  • Based on the Price/Forward Earnings ratio, INDB is valued a bit cheaper than the industry average as 78.13% of the companies are valued more expensively.
  • INDB's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 23.84.
Industry RankSector Rank
PE 9.77
Fwd PE 6.5
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

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of INDB is on the same level as its industry peers.
  • INDB's Price/Free Cash Flow is on the same level as the industry average.
Industry RankSector Rank
P/FCF 18.35
EV/EBITDA 7.05
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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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

7

5. INDB.MI Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 4.05%, INDB is a good candidate for dividend investing.
  • INDB's Dividend Yield is a higher than the industry average which is at 2.81.
  • Compared to an average S&P500 Dividend Yield of 1.82, INDB pays a better dividend.
Industry RankSector Rank
Dividend Yield 4.05%

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.
  • INDB's earnings are growing more than its dividend. This makes the dividend growth 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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INDB.MI Fundamentals: All Metrics, Ratios and Statistics

INDEL B SPA

BIT:INDB (3/13/2026, 3:04:06 PM)

19.15

-0.15 (-0.78%)

Chartmill FA Rating
GICS IndustryGroupConsumer Durables & Apparel
GICS IndustryHousehold Durables
Earnings (Last)10-23
Earnings (Next)04-10
Inst Owners10.2%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap111.84M
Revenue(TTM)199.57M
Net Income(TTM)10.66M
Analysts42.22
Price Target26.52 (38.49%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 4.05%
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 RankSector Rank
PE 9.77
Fwd PE 6.5
P/S 0.56
P/FCF 18.35
P/OCF 7.98
P/B 0.8
P/tB 1.16
EV/EBITDA 7.05
EPS(TTM)1.96
EY10.23%
EPS(NY)2.95
Fwd EY15.39%
FCF(TTM)1.04
FCFY5.45%
OCF(TTM)2.4
OCFY12.54%
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 1.98
F-Score6
WACC6.74%
ROIC/WACC0.78
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 Fundamental Analysis 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.