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IRCE SPA (IRC.MI) Stock Fundamental Analysis

BIT:IRC - Euronext Milan - IT0001077780 - Common Stock - Currency: EUR

1.98  0 (0%)

Fundamental Rating

5

Overall IRC gets a fundamental rating of 5 out of 10. We evaluated IRC against 59 industry peers in the Electrical Equipment industry. IRC has only an average score on both its financial health and profitability. IRC has a correct valuation and a medium growth rate.


Dividend Valuation Growth Profitability Health

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5

1. Profitability

1.1 Basic Checks

In the past year IRC was profitable.
In the past year IRC had a positive cash flow from operations.
Each year in the past 5 years IRC has been profitable.
IRC had a positive operating cash flow in 4 of the past 5 years.
IRC.MI Yearly Net Income VS EBIT VS OCF VS FCFIRC.MI 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 20M -20M 40M

1.2 Ratios

IRC has a better Return On Assets (3.12%) than 65.00% of its industry peers.
IRC has a Return On Equity of 5.73%. This is in the better half of the industry: IRC outperforms 61.67% of its industry peers.
IRC has a Return On Invested Capital (5.93%) which is in line with its industry peers.
Industry RankSector Rank
ROA 3.12%
ROE 5.73%
ROIC 5.93%
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
IRC.MI Yearly ROA, ROE, ROICIRC.MI Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 2 4 6

1.3 Margins

Looking at the Profit Margin, with a value of 2.21%, IRC is in line with its industry, outperforming 60.00% of the companies in the same industry.
In the last couple of years the Profit Margin of IRC has grown nicely.
With a Operating Margin value of 4.14%, IRC perfoms like the industry average, outperforming 55.00% of the companies in the same industry.
IRC's Operating Margin has improved in the last couple of years.
IRC has a worse Gross Margin (23.46%) than 63.33% of its industry peers.
In the last couple of years the Gross Margin of IRC has remained more or less at the same level.
Industry RankSector Rank
OM 4.14%
PM (TTM) 2.21%
GM 23.46%
OM growth 3Y48.31%
OM growth 5Y8.19%
PM growth 3Y30.3%
PM growth 5Y4.32%
GM growth 3Y0.64%
GM growth 5Y0.41%
IRC.MI Yearly Profit, Operating, Gross MarginsIRC.MI Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 5 10 15 20

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5

2. Health

2.1 Basic Checks

IRC has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
There is no outstanding debt for IRC. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
IRC.MI Yearly Shares OutstandingIRC.MI Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 5M 10M 15M 20M 25M
IRC.MI Yearly Total Debt VS Total AssetsIRC.MI Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 50M 100M 150M 200M 250M

2.2 Solvency

IRC has an Altman-Z score of 2.90. This is not the best score and indicates that IRC is in the grey zone with still only limited risk for bankruptcy at the moment.
The Altman-Z score of IRC (2.90) is better than 81.67% of its industry peers.
A Debt/Equity ratio of 0.38 indicates that IRC is not too dependend on debt financing.
IRC's Debt to Equity ratio of 0.38 is in line compared to the rest of the industry. IRC outperforms 60.00% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.38
Debt/FCF N/A
Altman-Z 2.9
ROIC/WACC0.64
WACC9.2%
IRC.MI Yearly LT Debt VS Equity VS FCFIRC.MI Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 50M 100M

2.3 Liquidity

A Current Ratio of 2.36 indicates that IRC has no problem at all paying its short term obligations.
IRC has a better Current ratio (2.36) than 75.00% of its industry peers.
A Quick Ratio of 1.08 indicates that IRC should not have too much problems paying its short term obligations.
The Quick ratio of IRC (1.08) is better than 68.33% of its industry peers.
Industry RankSector Rank
Current Ratio 2.36
Quick Ratio 1.08
IRC.MI Yearly Current Assets VS Current LiabilitesIRC.MI Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 50M 100M 150M 200M

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4

3. Growth

3.1 Past

The earnings per share for IRC have decreased strongly by -18.49% in the last year.
The Earnings Per Share has been growing slightly by 7.03% on average over the past years.
Looking at the last year, IRC shows a decrease in Revenue. The Revenue has decreased by -0.53% in the last year.
IRC shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 2.53% yearly.
EPS 1Y (TTM)-18.49%
EPS 3Y44.58%
EPS 5Y7.03%
EPS Q2Q%40.79%
Revenue 1Y (TTM)-0.53%
Revenue growth 3Y10.91%
Revenue growth 5Y2.53%
Sales Q2Q%5.72%

3.2 Future

IRC is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 15.92% yearly.
The Revenue is expected to grow by 6.20% on average over the next years.
EPS Next Y-15.62%
EPS Next 2Y15.92%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year-2.01%
Revenue Next 2Y6.2%
Revenue Next 3YN/A
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.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
IRC.MI Yearly Revenue VS EstimatesIRC.MI Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 100M 200M 300M 400M
IRC.MI Yearly EPS VS EstimatesIRC.MI Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 0.1 0.2 0.3 0.4

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6

4. Valuation

4.1 Price/Earnings Ratio

Based on the Price/Earnings ratio of 6.00, the valuation of IRC can be described as very cheap.
Based on the Price/Earnings ratio, IRC is valued cheaply inside the industry as 96.67% of the companies are valued more expensively.
Compared to an average S&P500 Price/Earnings ratio of 29.35, IRC is valued rather cheaply.
With a Price/Forward Earnings ratio of 4.56, the valuation of IRC can be described as very cheap.
Based on the Price/Forward Earnings ratio, IRC is valued cheaper than 95.00% of the companies in the same industry.
IRC is valuated cheaply when we compare the Price/Forward Earnings ratio to 22.10, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 6
Fwd PE 4.56
IRC.MI Price Earnings VS Forward Price EarningsIRC.MI Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40

4.2 Price Multiples

Based on the Enterprise Value to EBITDA ratio, IRC is valued cheaply inside the industry as 91.67% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 3.62
IRC.MI Per share dataIRC.MI EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 5 10

4.3 Compensation for Growth

IRC's earnings are expected to grow with 15.92% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)0.85
EPS Next 2Y15.92%
EPS Next 3YN/A

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6

5. Dividend

5.1 Amount

IRC has a Yearly Dividend Yield of 2.96%.
IRC's Dividend Yield is rather good when compared to the industry average which is at 2.91. IRC pays more dividend than 90.00% of the companies in the same industry.
IRC's Dividend Yield is a higher than the S&P500 average which is at 2.33.
Industry RankSector Rank
Dividend Yield 2.96%

5.2 History

On average, the dividend of IRC grows each year by 36.89%, which is quite nice.
Dividend Growth(5Y)36.89%
Div Incr Years0
Div Non Decr Years0

5.3 Sustainability

18.08% of the earnings are spent on dividend by IRC. This is a low number and sustainable payout ratio.
The dividend of IRC is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP18.08%
EPS Next 2Y15.92%
EPS Next 3YN/A
IRC.MI Yearly Income VS Free CF VS DividendIRC.MI Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 20M -20M
IRC.MI Dividend Payout.IRC.MI Dividend Payout, showing the Payout Ratio.IRC.MI Dividend Payout.PayoutRetained Earnings

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IRCE SPA

BIT:IRC (3/4/2025, 7:00:00 PM)

1.98

0 (0%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryElectrical Equipment
Earnings (Last)N/A N/A
Earnings (Next)N/A N/A
Inst Owners1.62%
Inst Owner ChangeN/A
Ins Owners6.92%
Ins Owner ChangeN/A
Market Cap55.70M
Analysts80
Price Target3.26 (64.65%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 2.96%
Yearly Dividend0.05
Dividend Growth(5Y)36.89%
DP18.08%
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 6
Fwd PE 4.56
P/S 0.14
P/FCF N/A
P/OCF 1.88
P/B 0.36
P/tB 0.36
EV/EBITDA 3.62
EPS(TTM)0.33
EY16.67%
EPS(NY)0.43
Fwd EY21.93%
FCF(TTM)-0.05
FCFYN/A
OCF(TTM)1.05
OCFY53.19%
SpS14.13
BVpS5.45
TBVpS5.44
PEG (NY)N/A
PEG (5Y)0.85
Profitability
Industry RankSector Rank
ROA 3.12%
ROE 5.73%
ROCE 8.36%
ROIC 5.93%
ROICexc 6.37%
ROICexgc 6.37%
OM 4.14%
PM (TTM) 2.21%
GM 23.46%
FCFM N/A
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
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 3Y48.31%
OM growth 5Y8.19%
PM growth 3Y30.3%
PM growth 5Y4.32%
GM growth 3Y0.64%
GM growth 5Y0.41%
F-Score5
Asset Turnover1.41
Health
Industry RankSector Rank
Debt/Equity 0.38
Debt/FCF N/A
Debt/EBITDA 2.44
Cap/Depr 421.54%
Cap/Sales 7.8%
Interest Coverage 5.72
Cash Conversion 124.36%
Profit Quality N/A
Current Ratio 2.36
Quick Ratio 1.08
Altman-Z 2.9
F-Score5
WACC9.2%
ROIC/WACC0.64
Cap/Depr(3y)165.12%
Cap/Depr(5y)121.53%
Cap/Sales(3y)2.74%
Cap/Sales(5y)2.17%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-18.49%
EPS 3Y44.58%
EPS 5Y7.03%
EPS Q2Q%40.79%
EPS Next Y-15.62%
EPS Next 2Y15.92%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-0.53%
Revenue growth 3Y10.91%
Revenue growth 5Y2.53%
Sales Q2Q%5.72%
Revenue Next Year-2.01%
Revenue Next 2Y6.2%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y3.4%
EBIT growth 3Y64.49%
EBIT growth 5Y10.94%
EBIT Next Year57.61%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-142.63%
FCF growth 3Y134.82%
FCF growth 5YN/A
OCF growth 1Y73.4%
OCF growth 3Y117.17%
OCF growth 5Y73.67%