Indra Sistemas SA (ES:IDR)
BME:IDR
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Indra Sistemas
(BME:IDR)
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Rating:68Neutral
Price Target:
€55.00
▲(9.39% Upside)
Action:ReiteratedDate:03/01/26
The score is driven primarily by improved profitability and solid cash generation, but is held back by 2025’s sharp revenue and gross-margin deterioration plus higher leverage. Technically, the stock shows strong upward momentum versus key moving averages, while valuation is mixed with a higher P/E partly offset by the provided dividend yield.
Positive Factors
Consistent free cash flow
Consistent FCF and tight earnings-to-cash conversion provide durable internal funding for multi-year projects, capex and working capital. This reduces reliance on external financing, supports reinvestment and resilience through contract timing variability, benefiting stability over 2–6 months.
Negative Factors
2025 revenue and gross-margin decline
A top-line contraction and gross-margin deterioration weaken earnings quality and reduce cash flow headroom. For a project-based business, falling margins signal pricing, mix or execution pressure that can persist across contract cycles, impairing sustainable profitability over months.
Read all positive and negative factors
Positive Factors
Negative Factors
Consistent free cash flow
Consistent FCF and tight earnings-to-cash conversion provide durable internal funding for multi-year projects, capex and working capital. This reduces reliance on external financing, supports reinvestment and resilience through contract timing variability, benefiting stability over 2–6 months.
Read all positive factors
Indra Sistemas (IDR) vs. iShares MSCI Spain ETF (EWP)
Market Cap
€8.89B
Dividend Yield0.52%
Average Volume (3M)845.63K
Price to Earnings (P/E)14.7
Beta (1Y)0.71
Revenue Growth6.92%
EPS Growth57.04%
CountryES
Employees60,598
SectorGeneral
Sector StrengthN/A
IndustryInformation Technology Services
Share Statistics
EPS (TTM)0.82
Shares Outstanding176,654,400
10 Day Avg. Volume936,783
30 Day Avg. Volume845,628
Financial Highlights & Ratios
PEG Ratio0.34
Price to Book (P/B)4.92
Price to Sales (P/S)1.56
P/FCF Ratio19.07
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€70.00Price Target Upside39.22% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering6
EPS Forecast (FY)2.63
Revenue Forecast (FY)€6.79B
Indra Sistemas Business Overview & Revenue Model
Company Description
Indra Sistemas, S.A. operates as a technology and consulting company worldwide. It designs, develops, produces, integrates, operates, maintains, repairs, and markets systems, solutions, and services based on the use of information technologies, el...
How the Company Makes Money
Indra makes money primarily by delivering technology services and turnkey projects for public and private customers, typically under multi-year contracts. A major portion of revenue comes from (1) systems integration and project delivery—designing...
Indra Sistemas Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
58
Neutral
Cash Flow
69
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 5.46B | 4.84B | 4.34B | 3.85B | 3.39B |
| Gross Profit | 1.29B | 1.68B | 1.08B | 1.29B | 1.04B |
| EBITDA | 591.14M | 545.28M | 474.39M | 388.86M | 340.79M |
| Net Income | 435.83M | 277.54M | 205.75M | 171.90M | 143.37M |
Balance Sheet | |||||
| Total Assets | 9.36B | 4.96B | 4.72B | 4.54B | 4.54B |
| Cash, Cash Equivalents and Short-Term Investments | 976.19M | 556.58M | 656.29M | 974.10M | 1.26B |
| Total Debt | 3.36B | 850.87M | 822.53M | 1.24B | 1.72B |
| Total Liabilities | 7.23B | 3.64B | 3.59B | 3.53B | 3.69B |
| Stockholders Equity | 1.73B | 1.30B | 1.12B | 987.01M | 820.17M |
Cash Flow | |||||
| Free Cash Flow | 447.15M | 339.89M | 316.81M | 296.14M | 295.48M |
| Operating Cash Flow | 491.23M | 450.89M | 379.52M | 350.26M | 344.64M |
| Investing Cash Flow | -904.98M | -81.91M | -274.27M | -55.27M | -26.77M |
| Financing Cash Flow | 810.04M | -333.72M | -439.63M | -605.62M | -269.20M |
Indra Sistemas Technical Analysis
Negative
50.28
Price Trends
53.37
Negative
52.04
Negative
45.53
Positive
Market Momentum
-1.33
Negative
46.15
Neutral
76.39
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ES:IDR, the sentiment is Negative. The current price of 50.28 is below the 20-day moving average (MA) of 50.69, below the 50-day MA of 53.37, and above the 200-day MA of 45.53, indicating a neutral trend. The MACD of -1.33 indicates Negative momentum. The RSI at 46.15 is Neutral, neither overbought nor oversold. The STOCH value of 76.39 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for ES:IDR.
Indra Sistemas Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | €8.89B | 14.72 | 28.97% | 0.52% | 6.92% | 57.04% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
54 Neutral | €289.98M | 76.08 | 4.21% | ― | 18.40% | 18.62% | |
50 Neutral | €1.42B | 11.61 | 16.00% | 4.98% | 10.40% | 62.70% | |
47 Neutral | €500.94M | 48.61 | 9.35% | 2.48% | -6.21% | -46.67% |
* General Sector Average
ES:IDR
Indra Sistemas
50.28
22.59
81.60%
ES:AMP
Amper SA
0.17
0.03
24.09%
ES:PSG
Prosegur Compania de Seguridad
2.64
0.60
29.74%
ES:DOM
Global Dominion Access SA
3.31
0.57
20.93%
ES:IZER
Izertis SA
8.12
-0.98
-10.77%
ES:ATSI
Aplicaciones y Tratamiento de Sistemas, S.A.
4.32
0.85
24.50%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.