Carel Industries SpA (CRL) AI Stock Analysis

• Market Cap: €2.67B
• Dividend Yield: 0.67%
• Average Volume (3M): 60.26K
• Price to Earnings (P/E): 37.8
• Beta (1Y): 1.11
• Revenue Growth: 3.99%
• EPS Growth: 27.12%
• Country: IT
• Employees: 2,228
• Sector: Technology
• Sector Strength: 88
• Industry: Hardware, Equipment & Parts
• EPS (TTM): 0.28
• Shares Outstanding: 112,499,210
• 10 Day Avg. Volume: 113,431
• 30 Day Avg. Volume: 60,255
• PEG Ratio: 2.35
• Price to Book (P/B): 5.83
• Price to Sales (P/S): 4.42
• P/FCF Ratio: 25.62
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: €27.20
• Price Target Upside: 14.53% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 3
• EPS Forecast (FY): 0.67
• Revenue Forecast (FY): €687.52M

• Rating: 63 Neutral
• Price Target: €24.00 ▲(1.05% Upside)
• Action: Downgraded Date: 03/12/26
• Date: Action: Downgraded 03/12/26

The score is supported primarily by solid financial performance, especially stronger balance-sheet leverage and steady margins. It is held back by expensive valuation (high P/E and low yield) and a mixed technical setup with negative MACD and the stock below longer-term moving averages.

Positive Factors

Improved leverage / stronger balance sheet

Substantially lower debt-to-equity (to ~0.26x by 2025) materially reduces financial risk and interest burden. This gives management durable flexibility to fund R&D, absorb cyclical downturns, pursue selective M&A or return capital without stressing liquidity over the next 2–6 months and beyond.

Negative Factors

Choppy revenue growth

A decline in 2024 followed by only a modest rebound in 2025 signals weaker top-line momentum and uncertain demand recovery. Slower revenue visibility can limit operating leverage, constrain long-term margin expansion, and force reliance on cost discipline rather than sustained organic growth.

Carel Industries SpA Business Overview & Revenue Model

Company Description

Carel Industries S.p.A., together with its subsidiaries, designs, manufactures, markets, and distributes control and humidification solutions for the commercial, industrial, and residential heating, ventilation, and air-conditioning (HVAC); and re...

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Carel Industries S.p.A., together with its subsidiaries, designs, manufactures, markets, and distributes control and humidification solutions for the commercial, industrial, and residential heating, ventilation, and air-conditioning (HVAC); and re...

How the Company Makes Money

Carel primarily makes money by selling hardware and systems to original equipment manufacturers (OEMs), installers, and end customers in the HVAC and refrigeration markets. Key revenue streams include: (1) electronic control products (e.g., progra...

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Carel primarily makes money by selling hardware and systems to original equipment manufacturers (OEMs), installers, and end customers in the HVAC and refrigeration markets. Key revenue streams include: (1) electronic control products (e.g., progra...

Carel Industries SpA Financial Statement Overview

Breakdown	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	629.03M	578.54M	650.25M	548.97M	426.20M
Gross Profit	81.06M	263.97M	170.14M	230.60M	186.28M
EBITDA	124.08M	104.87M	136.72M	108.41M	83.85M
Net Income	73.64M	62.64M	70.94M	62.12M	49.06M
Balance Sheet
Total Assets	868.01M	851.02M	920.40M	640.46M	507.80M
Cash, Cash Equivalents and Short-Term Investments	143.76M	102.41M	157.17M	107.49M	100.63M
Total Debt	125.33M	151.60M	185.85M	195.32M	157.44M
Total Liabilities	385.06M	409.49M	524.23M	419.22M	337.92M
Stockholders Equity	477.24M	434.94M	376.42M	205.38M	154.95M
Cash Flow
Free Cash Flow	108.58M	63.90M	74.62M	42.61M	35.48M
Operating Cash Flow	121.64M	85.38M	102.03M	69.41M	54.12M
Investing Cash Flow	-43.93M	-27.65M	-197.00M	-79.66M	-41.78M
Financing Cash Flow	-52.12M	-111.94M	153.53M	6.21M	-18.98M

Carel Industries SpA Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 23.75
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IT:CRL, the sentiment is Positive. The current price of 23.75 is above the 20-day moving average (MA) of 21.55, above the 50-day MA of 21.65, and above the 200-day MA of 23.04, indicating a bullish trend. The MACD of 0.20 indicates Negative momentum. The RSI at 65.07 is Neutral, neither overbought nor oversold. The STOCH value of 93.35 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IT:CRL.

Carel Industries SpA Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
BRE	72 Outperform	€4.11B	14.26	―	3.23%	-0.22%	-12.64%
CMB	69 Neutral	€1.15B	24.86	21.53%	2.75%	6.00%	20.37%
IP	69 Neutral	€3.68B	33.76	10.16%	0.72%	-2.00%	2.11%
COM	68 Neutral	€1.21B	21.21	―	1.80%	-20.36%	-23.31%
CRL	63 Neutral	€2.67B	37.77	15.31%	0.67%	3.99%	27.12%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%