INDEL B SPA (INDB.MI) Stock Fundamental Analysis
BIT:INDB - Euronext Milan - IT0005245508 - Common Stock - Currency: EUR
INDB gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 32 industry peers in the Household Durables industry. INDB has an average financial health and profitability rating. INDB has a valuation in line with the averages, but on the other hand it scores bad on growth.
1. Profitability
1.1 Basic Checks
In the past year INDB was profitable.
INDB had a positive operating cash flow in the past year.
Each year in the past 5 years INDB has been profitable.
INDB had a positive operating cash flow in 4 of the past 5 years.
1.2 Ratios
With a decent Return On Assets value of 4.44%, INDB is doing good in the industry, outperforming 62.86% of the companies in the same industry.
With a Return On Equity value of 8.63%, INDB perfoms like the industry average, outperforming 51.43% of the companies in the same industry.
Looking at the Return On Invested Capital, with a value of 7.72%, INDB is in line with its industry, outperforming 57.14% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for INDB is significantly below the industry average of 14.20%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.44% | ||
| ROE | 8.63% | ||
| ROIC | 7.72% |
ROA(3y)7.17%
ROA(5y)6.93%
ROE(3y)13.19%
ROE(5y)12.72%
ROIC(3y)8.02%
ROIC(5y)8.03%
1.3 Margins
With a decent Profit Margin value of 4.72%, INDB is doing good in the industry, outperforming 62.86% of the companies in the same industry.
INDB's Profit Margin has declined in the last couple of years.
The Operating Margin of INDB (7.28%) is comparable to the rest of the industry.
In the last couple of years the Operating Margin of INDB has declined.
Looking at the Gross Margin, with a value of 39.75%, INDB is in line with its industry, outperforming 51.43% of the companies in the same industry.
In the last couple of years the Gross Margin of INDB has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 7.28% | ||
| PM (TTM) | 4.72% | ||
| GM | 39.75% |
OM growth 3Y-6.66%
OM growth 5Y-10.27%
PM growth 3Y-1.78%
PM growth 5Y-9.69%
GM growth 3Y-2.9%
GM growth 5Y-1.14%
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.
INDB has less shares outstanding than it did 1 year ago.
INDB has less shares outstanding than it did 5 years ago.
Compared to 1 year ago, INDB has an improved debt to assets ratio.
2.2 Solvency
INDB has an Altman-Z score of 2.20. 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 2.20. This is comparable to the rest of the industry: INDB outperforms 54.29% of its industry peers.
INDB has a debt to FCF ratio of 2.71. This is a good value and a sign of high solvency as INDB would need 2.71 years to pay back of all of its debts.
INDB's Debt to FCF ratio of 2.71 is amongst the best of the industry. INDB outperforms 82.86% of its industry peers.
A Debt/Equity ratio of 0.14 indicates that INDB is not too dependend on debt financing.
With an excellent Debt to Equity ratio value of 0.14, INDB belongs to the best of the industry, outperforming 88.57% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.14 | ||
| Debt/FCF | 2.71 | ||
| Altman-Z | 2.2 |
ROIC/WACC1.19
WACC6.49%
2.3 Liquidity
A Current Ratio of 1.70 indicates that INDB should not have too much problems paying its short term obligations.
INDB has a Current ratio (1.70) which is in line with its industry peers.
A Quick Ratio of 0.97 indicates that INDB may have some problems paying its short term obligations.
Looking at the Quick ratio, with a value of 0.97, INDB is in line with its industry, outperforming 51.43% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.7 | ||
| Quick Ratio | 0.97 |
3. Growth
3.1 Past
The earnings per share for INDB have decreased strongly by -19.79% in the last year.
The Earnings Per Share has been decreasing by -1.21% on average over the past years.
Looking at the last year, INDB shows a decrease in Revenue. The Revenue has decreased by -0.99% in the last year.
INDB shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 8.55% yearly.
EPS 1Y (TTM)-19.79%
EPS 3Y19.85%
EPS 5Y-1.21%
EPS Q2Q%-12.03%
Revenue 1Y (TTM)-0.99%
Revenue growth 3Y21.18%
Revenue growth 5Y8.55%
Sales Q2Q%-9.98%
3.2 Future
INDB is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 2.94% yearly.
The Revenue is expected to decrease by -2.58% on average over the next years.
EPS Next Y-11.94%
EPS Next 2Y-1.35%
EPS Next 3Y2.94%
EPS Next 5YN/A
Revenue Next Year-10.97%
Revenue Next 2Y-6.28%
Revenue Next 3Y-2.58%
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 11.29 indicates a reasonable valuation of INDB.
The rest of the industry has a similar Price/Earnings ratio as INDB.
Compared to an average S&P500 Price/Earnings ratio of 29.35, INDB is valued rather cheaply.
INDB is valuated cheaply with a Price/Forward Earnings ratio of 7.54.
INDB's Price/Forward Earnings ratio is rather cheap when compared to the industry. INDB is cheaper than 82.86% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of INDB to the average of the S&P500 Index (22.10), we can say INDB is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.29 | ||
| Fwd PE | 7.54 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, INDB is valued a bit cheaper than the industry average as 65.71% of the companies are valued more expensively.
Based on the Price/Free Cash Flow ratio, INDB is valued a bit cheaper than 77.14% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 8.14 | ||
| EV/EBITDA | 5.48 |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-1.35%
EPS Next 3Y2.94%
5. Dividend
5.1 Amount
INDB has a Yearly Dividend Yield of 3.81%.
INDB's Dividend Yield is comparable with the industry average which is at 5.11.
Compared to an average S&P500 Dividend Yield of 2.33, INDB pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.81% |
5.2 History
The dividend of INDB has a limited annual growth rate of 3.33%.
Dividend Growth(5Y)3.33%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
INDB pays out 43.01% of its income as dividend. This is a bit on the high side, but may be sustainable.
INDB's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP43.01%
EPS Next 2Y-1.35%
EPS Next 3Y2.94%
BIT:INDB (3/6/2025, 7:00:00 PM)
21
-1 (-4.55%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Durables & Apparel
GICS IndustryHousehold Durables
Earnings (Last)
Earnings (Next)
Inst Owners15.07%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap122.64M
Analysts42.22
Price Target24.48 (16.57%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.81% |
Yearly Dividend0.8
Dividend Growth(5Y)3.33%
DP43.01%
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)-9.43%
PT rev (3m)-16.52%
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)-1.46%
Revenue NY rev (3m)-2.84%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.29 | ||
| Fwd PE | 7.54 | ||
| P/S | 0.55 | ||
| P/FCF | 8.14 | ||
| P/OCF | 4.96 | ||
| P/B | 1.01 | ||
| P/tB | 1.18 | ||
| EV/EBITDA | 5.48 |
EPS(TTM)1.86
EY8.86%
EPS(NY)2.78
Fwd EY13.26%
FCF(TTM)2.58
FCFY12.29%
OCF(TTM)4.24
OCFY20.17%
SpS37.87
BVpS20.7
TBVpS17.73
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.44% | ||
| ROE | 8.63% | ||
| ROCE | 11.23% | ||
| ROIC | 7.72% | ||
| ROICexc | 9.97% | ||
| ROICexgc | 11.77% | ||
| OM | 7.28% | ||
| PM (TTM) | 4.72% | ||
| GM | 39.75% | ||
| FCFM | 6.82% |
ROA(3y)7.17%
ROA(5y)6.93%
ROE(3y)13.19%
ROE(5y)12.72%
ROIC(3y)8.02%
ROIC(5y)8.03%
ROICexc(3y)9.66%
ROICexc(5y)10.06%
ROICexgc(3y)11.48%
ROICexgc(5y)12.11%
ROCE(3y)11.45%
ROCE(5y)11.45%
ROICexcg growth 3Y-0.32%
ROICexcg growth 5Y-9.43%
ROICexc growth 3Y1.21%
ROICexc growth 5Y-8.35%
OM growth 3Y-6.66%
OM growth 5Y-10.27%
PM growth 3Y-1.78%
PM growth 5Y-9.69%
GM growth 3Y-2.9%
GM growth 5Y-1.14%
F-Score6
Asset Turnover0.94
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.14 | ||
| Debt/FCF | 2.71 | ||
| Debt/EBITDA | 0.75 | ||
| Cap/Depr | 171.89% | ||
| Cap/Sales | 4.37% | ||
| Interest Coverage | 16.91 | ||
| Cash Conversion | 113.87% | ||
| Profit Quality | 144.45% | ||
| Current Ratio | 1.7 | ||
| Quick Ratio | 0.97 | ||
| Altman-Z | 2.2 |
F-Score6
WACC6.49%
ROIC/WACC1.19
Cap/Depr(3y)139.63%
Cap/Depr(5y)142.5%
Cap/Sales(3y)3.89%
Cap/Sales(5y)4.14%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-19.79%
EPS 3Y19.85%
EPS 5Y-1.21%
EPS Q2Q%-12.03%
EPS Next Y-11.94%
EPS Next 2Y-1.35%
EPS Next 3Y2.94%
EPS Next 5YN/A
Revenue 1Y (TTM)-0.99%
Revenue growth 3Y21.18%
Revenue growth 5Y8.55%
Sales Q2Q%-9.98%
Revenue Next Year-10.97%
Revenue Next 2Y-6.28%
Revenue Next 3Y-2.58%
Revenue Next 5YN/A
EBIT growth 1Y-12.99%
EBIT growth 3Y13.11%
EBIT growth 5Y-2.6%
EBIT Next Year8.02%
EBIT Next 3Y7.81%
EBIT Next 5YN/A
FCF growth 1Y209.15%
FCF growth 3Y35.33%
FCF growth 5Y16.86%
OCF growth 1Y897.29%
OCF growth 3Y32.6%
OCF growth 5Y15.95%