Logo image of INOD

INNODATA INC (INOD) Stock Fundamental Analysis

NASDAQ:INOD - Nasdaq - US4576422053 - Common Stock - Currency: USD

37.08  +0.99 (+2.74%)

After market: 36.81 -0.27 (-0.73%)

Fundamental Rating

5

INOD gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 82 industry peers in the Professional Services industry. While INOD seems to be doing ok healthwise, there are quite some concerns on its profitability. INOD shows excellent growth, but is valued quite expensive already.


Dividend Valuation Growth Profitability Health

Quickly go to:

3

1. Profitability

1.1 Basic Checks

INOD had positive earnings in the past year.
In the past year INOD had a positive cash flow from operations.
In the past 5 years INOD reported 4 times negative net income.
INOD had a positive operating cash flow in 4 of the past 5 years.
INOD Yearly Net Income VS EBIT VS OCF VS FCFINOD Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 5M -5M -10M

1.2 Ratios

INOD's Return On Assets of 22.70% is amongst the best of the industry. INOD outperforms 96.20% of its industry peers.
With an excellent Return On Equity value of 41.95%, INOD belongs to the best of the industry, outperforming 87.34% of the companies in the same industry.
Industry RankSector Rank
ROA 22.7%
ROE 41.95%
ROIC N/A
ROA(3y)-9.73%
ROA(5y)-6.49%
ROE(3y)-24.24%
ROE(5y)-15.8%
ROIC(3y)N/A
ROIC(5y)N/A
INOD Yearly ROA, ROE, ROICINOD Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 -20 -40 -60

1.3 Margins

INOD has a Profit Margin of 14.57%. This is amongst the best in the industry. INOD outperforms 86.08% of its industry peers.
In the last couple of years the Operating Margin of INOD has declined.
The Operating Margin and Gross Margin are not available for INOD so they could not be analyzed.
Industry RankSector Rank
OM N/A
PM (TTM) 14.57%
GM N/A
OM growth 3Y-43.61%
OM growth 5Y-37.85%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
INOD Yearly Profit, Operating, Gross MarginsINOD Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 10 -10 20 30

More info and screens

6

2. Health

2.1 Basic Checks

INOD does not have a ROIC to compare to the WACC, probably because it is not profitable.
Compared to 1 year ago, INOD has more shares outstanding
INOD has more shares outstanding than it did 5 years ago.
The debt/assets ratio for INOD is higher compared to a year ago.
INOD Yearly Shares OutstandingINOD Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 5M 10M 15M 20M 25M
INOD Yearly Total Debt VS Total AssetsINOD Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 10M 20M 30M 40M 50M

2.2 Solvency

An Altman-Z score of 3.58 indicates that INOD is not in any danger for bankruptcy at the moment.
With a decent Altman-Z score value of 3.58, INOD is doing good in the industry, outperforming 64.56% of the companies in the same industry.
The Debt to FCF ratio of INOD is 0.77, which is an excellent value as it means it would take INOD, only 0.77 years of fcf income to pay off all of its debts.
INOD has a Debt to FCF ratio of 0.77. This is amongst the best in the industry. INOD outperforms 82.28% of its industry peers.
INOD has a Debt/Equity ratio of 0.15. This is a healthy value indicating a solid balance between debt and equity.
INOD has a better Debt to Equity ratio (0.15) than 65.82% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.15
Debt/FCF 0.77
Altman-Z 3.58
ROIC/WACCN/A
WACC9.35%
INOD Yearly LT Debt VS Equity VS FCFINOD Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 10M 20M 30M

2.3 Liquidity

INOD has a Current Ratio of 1.84. This is a normal value and indicates that INOD is financially healthy and should not expect problems in meeting its short term obligations.
The Current ratio of INOD (1.84) is better than 72.15% of its industry peers.
INOD has a Quick Ratio of 1.84. This is a normal value and indicates that INOD is financially healthy and should not expect problems in meeting its short term obligations.
INOD's Quick ratio of 1.84 is fine compared to the rest of the industry. INOD outperforms 72.15% of its industry peers.
Industry RankSector Rank
Current Ratio 1.84
Quick Ratio 1.84
INOD Yearly Current Assets VS Current LiabilitesINOD Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 10M 20M 30M

More info and screens

8

3. Growth

3.1 Past

The Earnings Per Share has grown by an impressive 447.06% over the past year.
INOD shows a strong growth in Revenue. In the last year, the Revenue has grown by 71.63%.
INOD shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 8.61% yearly.
EPS 1Y (TTM)447.06%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%5000%
Revenue 1Y (TTM)71.63%
Revenue growth 3Y14.22%
Revenue growth 5Y8.61%
Sales Q2Q%135.56%

3.2 Future

INOD is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 154.50% yearly.
Based on estimates for the next years, INOD will show a very strong growth in Revenue. The Revenue will grow by 43.03% on average per year.
EPS Next Y1180.18%
EPS Next 2Y284.32%
EPS Next 3Y154.5%
EPS Next 5YN/A
Revenue Next Year93.11%
Revenue Next 2Y61.04%
Revenue Next 3Y43.03%
Revenue Next 5YN/A

3.3 Evolution

The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
INOD Yearly Revenue VS EstimatesINOD Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 50M 100M 150M 200M 250M
INOD Yearly EPS VS EstimatesINOD Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0 0.2 0.4 0.6

More info and screens

2

4. Valuation

4.1 Price/Earnings Ratio

Based on the Price/Earnings ratio of 62.85, the valuation of INOD can be described as expensive.
INOD's Price/Earnings ratio is a bit more expensive when compared to the industry. INOD is more expensive than 75.95% of the companies in the same industry.
INOD's Price/Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 28.46.
Based on the Price/Forward Earnings ratio of 58.07, the valuation of INOD can be described as expensive.
Based on the Price/Forward Earnings ratio, INOD is valued a bit more expensive than the industry average as 73.42% of the companies are valued more cheaply.
When comparing the Price/Forward Earnings ratio of INOD to the average of the S&P500 Index (92.56), we can say INOD is valued slightly cheaper.
Industry RankSector Rank
PE 62.85
Fwd PE 58.07
INOD Price Earnings VS Forward Price EarningsINOD Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60 80

4.2 Price Multiples

67.09% of the companies in the same industry are cheaper than INOD, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 97.48
EV/EBITDA N/A
INOD Per share dataINOD EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 1 2 3 4

4.3 Compensation for Growth

The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
INOD's earnings are expected to grow with 154.50% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.05
PEG (5Y)N/A
EPS Next 2Y284.32%
EPS Next 3Y154.5%

More info and screens

0

5. Dividend

5.1 Amount

INOD does not give a dividend.
Industry RankSector Rank
Dividend Yield N/A

More info and screens

INNODATA INC

NASDAQ:INOD (1/31/2025, 8:00:02 PM)

After market: 36.81 -0.27 (-0.73%)

37.08

+0.99 (+2.74%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCommercial & Professional Services
GICS IndustryProfessional Services
Earnings (Last)11-07 2024-11-07/amc
Earnings (Next)02-20 2025-02-20
Inst Owners40.55%
Inst Owner Change0.87%
Ins Owners6.95%
Ins Owner Change-11.9%
Market Cap1.08B
Analysts84
Price Target47.69 (28.61%)
Short Float %14.05%
Short Ratio1.96
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)195.31%
Min EPS beat(2)100%
Max EPS beat(2)290.63%
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)2
Avg Revenue beat(2)28.72%
Min Revenue beat(2)15.66%
Max Revenue beat(2)41.78%
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)0.9%
PT rev (3m)54.12%
EPS NQ rev (1m)0%
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)102.1%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0.02%
Revenue NY rev (3m)19.51%
Valuation
Industry RankSector Rank
PE 62.85
Fwd PE 58.07
P/S 7.83
P/FCF 97.48
P/OCF 60.42
P/B 22.54
P/tB 33.87
EV/EBITDA N/A
EPS(TTM)0.59
EY1.59%
EPS(NY)0.64
Fwd EY1.72%
FCF(TTM)0.38
FCFY1.03%
OCF(TTM)0.61
OCFY1.66%
SpS4.74
BVpS1.65
TBVpS1.09
PEG (NY)0.05
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA 22.7%
ROE 41.95%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) 14.57%
GM N/A
FCFM 8.03%
ROA(3y)-9.73%
ROA(5y)-6.49%
ROE(3y)-24.24%
ROE(5y)-15.8%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3Y-43.61%
OM growth 5Y-37.85%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
F-Score6
Asset Turnover1.56
Health
Industry RankSector Rank
Debt/Equity 0.15
Debt/FCF 0.77
Debt/EBITDA N/A
Cap/Depr 124.03%
Cap/Sales 4.92%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality 55.11%
Current Ratio 1.84
Quick Ratio 1.84
Altman-Z 3.58
F-Score6
WACC9.35%
ROIC/WACCN/A
Cap/Depr(3y)146.04%
Cap/Depr(5y)112.42%
Cap/Sales(3y)6.98%
Cap/Sales(5y)5.27%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)447.06%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%5000%
EPS Next Y1180.18%
EPS Next 2Y284.32%
EPS Next 3Y154.5%
EPS Next 5YN/A
Revenue 1Y (TTM)71.63%
Revenue growth 3Y14.22%
Revenue growth 5Y8.61%
Sales Q2Q%135.56%
Revenue Next Year93.11%
Revenue Next 2Y61.04%
Revenue Next 3Y43.03%
Revenue Next 5YN/A
EBIT growth 1Y-11790.4%
EBIT growth 3Y-35.59%
EBIT growth 5Y-32.5%
EBIT Next Year11438.4%
EBIT Next 3Y471.67%
EBIT Next 5YN/A
FCF growth 1Y224.64%
FCF growth 3Y-56.95%
FCF growth 5Y-26.12%
OCF growth 1Y927.77%
OCF growth 3Y1.41%
OCF growth 5Y10.58%