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INNODATA INC (INOD) Stock Fundamental Analysis

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

50.695  -2.02 (-3.84%)

Fundamental Rating

5

Overall INOD gets a fundamental rating of 5 out of 10. We evaluated INOD against 82 industry peers in the Professional Services industry. INOD has an excellent financial health rating, but there are some minor concerns on its profitability. INOD is valued quite expensively, but it does show have an excellent growth rating.


Dividend Valuation Growth Profitability Health

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4

1. Profitability

1.1 Basic Checks

In the past year INOD was profitable.
INOD had a positive operating cash flow in the past year.
The reported net income has been mixed in the past 5 years: INOD reported negative net income in multiple years.
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 2024 0 10M -10M 20M 30M

1.2 Ratios

INOD has a Return On Assets of 25.26%. This is amongst the best in the industry. INOD outperforms 97.47% of its industry peers.
With an excellent Return On Equity value of 45.15%, INOD belongs to the best of the industry, outperforming 88.61% of the companies in the same industry.
Industry RankSector Rank
ROA 25.26%
ROE 45.15%
ROIC N/A
ROA(3y)-0.37%
ROA(5y)-0.57%
ROE(3y)-7.33%
ROE(5y)-5.1%
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 2024 0 20 -20 40 -40 -60

1.3 Margins

INOD's Profit Margin of 16.81% is amongst the best of the industry. INOD outperforms 86.08% of its industry peers.
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) 16.81%
GM N/A
OM growth 3YN/A
OM growth 5YN/A
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 2024 0 10 -10 20 30

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8

2. Health

2.1 Basic Checks

INOD does not have a ROIC to compare to the WACC, probably because it is not profitable.
The number of shares outstanding for INOD has been increased compared to 1 year ago.
INOD has more shares outstanding than it did 5 years ago.
INOD has a better debt/assets ratio than last year.
INOD Yearly Shares OutstandingINOD Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10M 20M 30M
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 2024 20M 40M 60M 80M 100M

2.2 Solvency

INOD has an Altman-Z score of 9.94. This indicates that INOD is financially healthy and has little risk of bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 9.94, INOD belongs to the top of the industry, outperforming 96.20% of the companies in the same industry.
INOD has a debt to FCF ratio of 0.31. This is a very positive value and a sign of high solvency as it would only need 0.31 years to pay back of all of its debts.
The Debt to FCF ratio of INOD (0.31) is better than 82.28% of its industry peers.
INOD has a Debt/Equity ratio of 0.11. This is a healthy value indicating a solid balance between debt and equity.
The Debt to Equity ratio of INOD (0.11) is better than 65.82% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.11
Debt/FCF 0.31
Altman-Z 9.94
ROIC/WACCN/A
WACC8.9%
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 2024 0 20M 40M 60M

2.3 Liquidity

A Current Ratio of 2.05 indicates that INOD has no problem at all paying its short term obligations.
The Current ratio of INOD (2.05) is better than 75.95% of its industry peers.
INOD has a Quick Ratio of 2.05. This indicates that INOD is financially healthy and has no problem in meeting its short term obligations.
INOD has a Quick ratio of 2.05. This is in the better half of the industry: INOD outperforms 75.95% of its industry peers.
Industry RankSector Rank
Current Ratio 2.05
Quick Ratio 2.05
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 2024 20M 40M 60M 80M

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8

3. Growth

3.1 Past

The Earnings Per Share has grown by an impressive 1800.00% over the past year.
The Revenue has grown by 96.42% in the past year. This is a very strong growth!
Measured over the past years, INOD shows a very strong growth in Revenue. The Revenue has been growing by 25.00% on average per year.
EPS 1Y (TTM)1800%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%520%
Revenue 1Y (TTM)96.42%
Revenue growth 3Y34.69%
Revenue growth 5Y25%
Sales Q2Q%126.66%

3.2 Future

INOD is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 10.63% yearly.
The Revenue is expected to grow by 23.09% on average over the next years. This is a very strong growth
EPS Next Y-6.46%
EPS Next 2Y10.63%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year34.3%
Revenue Next 2Y23.09%
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

The Revenue growth rate is stable: in the next years the growth will be about the same 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 0.8 1

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0

4. Valuation

4.1 Price/Earnings Ratio

A Price/Earnings ratio of 59.64 indicates a quite expensive valuation of INOD.
Based on the Price/Earnings ratio, INOD is valued a bit more expensive than the industry average as 77.22% of the companies are valued more cheaply.
When comparing the Price/Earnings ratio of INOD to the average of the S&P500 Index (29.98), we can say INOD is valued expensively.
INOD is valuated quite expensively with a Price/Forward Earnings ratio of 63.76.
Compared to the rest of the industry, the Price/Forward Earnings ratio of INOD indicates a slightly more expensive valuation: INOD is more expensive than 72.15% of the companies listed in the same industry.
When comparing the Price/Forward Earnings ratio of INOD to the average of the S&P500 Index (22.66), we can say INOD is valued expensively.
Industry RankSector Rank
PE 59.64
Fwd PE 63.76
INOD Price Earnings VS Forward Price EarningsINOD Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60

4.2 Price Multiples

Compared to the rest of the industry, the Price/Free Cash Flow ratio of INOD indicates a slightly more expensive valuation: INOD is more expensive than 65.82% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 53.9
EV/EBITDA N/A
INOD Per share dataINOD EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 1 2 3 4 5

4.3 Compensation for Growth

PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y10.63%
EPS Next 3YN/A

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0

5. Dividend

5.1 Amount

No dividends for INOD!.
Industry RankSector Rank
Dividend Yield N/A

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INNODATA INC

NASDAQ:INOD (3/3/2025, 3:58:04 PM)

50.695

-2.02 (-3.84%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCommercial & Professional Services
GICS IndustryProfessional Services
Earnings (Last)02-20 2025-02-20/amc
Earnings (Next)05-05 2025-05-05
Inst Owners52.28%
Inst Owner Change30.99%
Ins Owners5.64%
Ins Owner Change-19.26%
Market Cap1.47B
Analysts84
Price Target47.69 (-5.93%)
Short Float %16.13%
Short Ratio2.76
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)166.24%
Min EPS beat(2)41.85%
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)25.61%
Min Revenue beat(2)9.44%
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%
PT rev (3m)0.9%
EPS NQ rev (1m)-10.76%
EPS NQ rev (3m)37.2%
EPS NY rev (1m)0%
EPS NY rev (3m)58.22%
Revenue NQ rev (1m)6.32%
Revenue NQ rev (3m)6.64%
Revenue NY rev (1m)0%
Revenue NY rev (3m)3.21%
Valuation
Industry RankSector Rank
PE 59.64
Fwd PE 63.76
P/S 8.62
P/FCF 53.9
P/OCF 41.99
P/B 23.16
P/tB 30.55
EV/EBITDA N/A
EPS(TTM)0.85
EY1.68%
EPS(NY)0.8
Fwd EY1.57%
FCF(TTM)0.94
FCFY1.86%
OCF(TTM)1.21
OCFY2.38%
SpS5.88
BVpS2.19
TBVpS1.66
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA 25.26%
ROE 45.15%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) 16.81%
GM N/A
FCFM 16%
ROA(3y)-0.37%
ROA(5y)-0.57%
ROE(3y)-7.33%
ROE(5y)-5.1%
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 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
F-Score7
Asset Turnover1.5
Health
Industry RankSector Rank
Debt/Equity 0.11
Debt/FCF 0.31
Debt/EBITDA N/A
Cap/Depr 133.56%
Cap/Sales 4.54%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality 95.16%
Current Ratio 2.05
Quick Ratio 2.05
Altman-Z 9.94
F-Score7
WACC8.9%
ROIC/WACCN/A
Cap/Depr(3y)139.8%
Cap/Depr(5y)126.76%
Cap/Sales(3y)6.41%
Cap/Sales(5y)5.58%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)1800%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%520%
EPS Next Y-6.46%
EPS Next 2Y10.63%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)96.42%
Revenue growth 3Y34.69%
Revenue growth 5Y25%
Sales Q2Q%126.66%
Revenue Next Year34.3%
Revenue Next 2Y23.09%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-67394.6%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year197%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y7945.43%
FCF growth 3Y227%
FCF growth 5Y59.89%
OCF growth 1Y493.17%
OCF growth 3Y89.44%
OCF growth 5Y52.25%