INDEL B SPA (INDB.MI) Stock Fundamental Analysis
Europe - Euronext Milan - BIT:INDB - IT0005245508 - Common Stock
20.1 EUR
+0.5 (+2.55%)
Overall INDB gets a fundamental rating of 5 out of 10. We evaluated INDB against 33 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. INDB also has an excellent dividend rating. With these ratings, INDB could be worth investigating further for dividend investing!.
1. Profitability
1.1 Basic Checks
- INDB had positive earnings in the past year.
- In the past year INDB had a positive cash flow from operations.
- In the past 5 years INDB has always been profitable.
- 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 79.41% of the companies in the same industry.
- INDB has a better Return On Equity (7.64%) than 70.59% of its industry peers.
- INDB has a better Return On Invested Capital (5.27%) than 61.76% 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 9.57%.
| 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
- Looking at the Profit Margin, with a value of 5.34%, INDB is in the better half of the industry, outperforming 79.41% of the companies in the same industry.
- INDB's Profit Margin has declined in the last couple of years.
- INDB has a Operating Margin of 6.74%. This is in the better half of the industry: INDB outperforms 64.71% of its industry peers.
- In the last couple of years the Operating Margin of INDB has declined.
- INDB has a Gross Margin of 42.99%. This is comparable to the rest of the industry: INDB outperforms 55.88% of its industry peers.
- 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
- With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), INDB is creating some value.
- Compared to 1 year ago, INDB has less shares outstanding
- Compared to 5 years ago, INDB has less shares outstanding
- 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 of 1.99. This is comparable to the rest of the industry: INDB outperforms 52.94% of its industry peers.
- 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.
- INDB has a Debt to FCF ratio of 9.81. This is in the better half of the industry: INDB outperforms 61.76% of its industry peers.
- INDB has a Debt/Equity ratio of 0.26. This is a healthy value indicating a solid balance between debt and equity.
- With a decent Debt to Equity ratio value of 0.26, INDB is doing good in the industry, outperforming 76.47% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.26 | ||
| Debt/FCF | 9.81 | ||
| Altman-Z | 1.99 |
ROIC/WACC0.78
WACC6.74%
2.3 Liquidity
- A Current Ratio of 2.05 indicates that INDB has no problem at all paying its short term obligations.
- INDB's Current ratio of 2.05 is fine compared to the rest of the industry. INDB outperforms 73.53% of its industry peers.
- A Quick Ratio of 1.10 indicates that INDB should not have too much problems paying its short term obligations.
- The Quick ratio of INDB (1.10) is better than 76.47% of its industry peers.
| 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.
- INDB shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -6.26% yearly.
- INDB shows a decrease in Revenue. In the last year, the revenue decreased by -9.76%.
- 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
- 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.
- The Revenue is expected to grow by 3.80% on average over the next years.
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
- A Price/Earnings ratio of 10.26 indicates a reasonable valuation of INDB.
- Based on the Price/Earnings ratio, INDB is valued a bit cheaper than 79.41% of the companies in the same industry.
- When comparing the Price/Earnings ratio of INDB to the average of the S&P500 Index (27.25), we can say INDB is valued rather cheaply.
- Based on the Price/Forward Earnings ratio of 6.82, the valuation of INDB can be described as very cheap.
- INDB's Price/Forward Earnings ratio is rather cheap when compared to the industry. INDB is cheaper than 82.35% of the companies in the same industry.
- The average S&P500 Price/Forward Earnings ratio is at 25.98. INDB is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.26 | ||
| Fwd PE | 6.82 |
4.2 Price Multiples
- INDB's Enterprise Value to EBITDA is on the same level as the industry average.
- Compared to the rest of the industry, the Price/Free Cash Flow ratio of INDB is on the same level as its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 19.26 | ||
| EV/EBITDA | 7.14 |
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
- With a Yearly Dividend Yield of 4.07%, INDB is a good candidate for dividend investing.
- Compared to an average industry Dividend Yield of 2.64, INDB pays a bit more dividend than its industry peers.
- INDB's Dividend Yield is rather good when compared to the S&P500 average which is at 1.82.
| 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
- 41.75% of the earnings are spent on dividend by INDB. 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%
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.