tiprankstipranks
Trending News
More News >
Industrie De Nora SpA (IT:DNR)
:DNR

Industrie De Nora SpA (DNR) AI Stock Analysis

Compare
13 Followers

Top Page

IT

Industrie De Nora SpA

(DNR)

63Neutral
Industrie De Nora SpA shows a strong financial foundation with consistent revenue growth and effective cost management. However, recent challenges in profitability and cash flow management need attention. Technical indicators suggest bearish momentum, which might affect short-term performance. The valuation appears reasonable, offering moderate potential for income. Overall, while financial health is robust, market sentiment and recent performance issues suggest a cautious outlook.
Positive Factors
Project Execution
Good project execution across segments, with solid growth in electrodes and water technologies the main drivers.
Revenue and EBITDA Performance
De Nora published a solid preliminary Q4 print, with revenue and EBITDA ahead of expectations.
Negative Factors
Guidance and Market Reaction
Shares are expected to come under significant pressure following the announcement.
Profitability Concerns
Profitability is expected to be lower due to higher costs and mix.

Industrie De Nora SpA (DNR) vs. S&P 500 (SPY)

Industrie De Nora SpA Business Overview & Revenue Model

Company DescriptionIndustrie De Nora SpA (DNR) is a global leader in the design and manufacture of electrodes, coatings, and complete electrochemical solutions. The company operates primarily within the water treatment, energy, and surface finishing sectors. De Nora's core products include advanced electrode technologies and systems for water disinfection, filtration, and industrial electrochemical applications. The company is known for its innovative solutions that improve efficiency and sustainability in various industrial processes.
How the Company Makes MoneyIndustrie De Nora SpA generates revenue through the sale of its specialized electrode and coating products, as well as complete systems for electrochemical processes. Key revenue streams include the provision of electrode technologies for chlor-alkali production, water treatment solutions such as on-site hypochlorite generation systems, and advanced surface finishing technologies. The company has established significant partnerships with industrial and municipal clients worldwide, contributing to stable and recurring revenue. De Nora's focus on research and development drives innovations that enhance its product offerings and maintain its competitive edge in the market.

Industrie De Nora SpA Financial Statement Overview

Summary
Industrie De Nora SpA demonstrates strong financial health with consistent revenue growth and efficient cost management. The balance sheet reflects a solid equity position and effective debt management. However, recent declines in net income and free cash flow signal potential challenges in profitability and cash management. Overall, the company maintains a strong financial foundation with room for improvement in profitability metrics.
Income Statement
Industrie De Nora SpA has shown consistent revenue growth over the years, with a notable increase from 615.9 million in 2021 to 862.6 million in 2024. Gross profit margins are strong, over 50%, indicating effective cost management. However, net profit margin has declined from 26.9% in 2023 to 9.7% in 2024. EBIT and EBITDA margins remain healthy, but the recent drop in net income highlights potential profitability challenges.
Balance Sheet
82
The company's balance sheet is robust, with a strong equity position and a declining debt-to-equity ratio, currently at 0.17 in 2024. Stockholders' equity has consistently increased, enhancing financial stability. The equity ratio is solid, at 66.5% in 2024, reflecting a strong asset base backed by equity. However, there is a notable decline in total liabilities, suggesting a focus on deleveraging.
Cash Flow
Cash flow management appears effective, with positive operating cash flow and free cash flow over the years. However, free cash flow has decreased recently, from 51.8 million in 2023 to 46.9 million in 2024, indicating increased capital expenditures. The operating cash flow to net income ratio is sound, suggesting good cash generation relative to earnings.
Breakdown
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019
Income StatementTotal Revenue
856.41M852.83M615.88M499.45M505.36M
Gross Profit
489.14M325.92M245.43M193.97M176.07M
EBIT
136.92M125.81M87.59M55.52M47.79M
EBITDA
301.57M154.97M116.76M77.47M73.21M
Net Income Common Stockholders
230.05M89.56M66.70M32.63M29.02M
Balance SheetCash, Cash Equivalents and Short-Term Investments
212.10M174.13M73.84M76.78M56.09M
Total Assets
1.33B1.29B986.74M770.12M787.15M
Total Debt
143.91M281.20M261.56M170.21M343.92M
Net Debt
-54.58M107.07M187.72M94.55M288.33M
Total Liabilities
421.82M542.82M532.78M357.00M527.78M
Stockholders Equity
904.49M741.22M450.46M409.57M255.58M
Cash FlowFree Cash Flow
51.75M66.83M-46.51M41.31M24.48M
Operating Cash Flow
140.25M112.97M-15.52M68.72M60.94M
Investing Cash Flow
81.60M-205.07M-36.57M-10.27M-26.30M
Financing Cash Flow
-193.49M193.32M47.30M-35.41M-22.62M

Industrie De Nora SpA Technical Analysis

Technical Analysis Sentiment
Neutral
Last Price6.74
Price Trends
50DMA
7.29
Negative
100DMA
7.37
Negative
200DMA
8.30
Negative
Market Momentum
MACD
-0.08
Negative
RSI
53.34
Neutral
STOCH
88.58
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IT:DNR, the sentiment is Neutral. The current price of 6.74 is above the 20-day moving average (MA) of 6.33, below the 50-day MA of 7.29, and below the 200-day MA of 8.30, indicating a neutral trend. The MACD of -0.08 indicates Negative momentum. The RSI at 53.34 is Neutral, neither overbought nor oversold. The STOCH value of 88.58 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IT:DNR.

Industrie De Nora SpA Peers Comparison

Overall Rating
UnderperformOutperform
Sector (49)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
ITIG
77
Outperform
€5.91B12.3420.21%4.86%-3.34%8.87%
73
Outperform
€78.17B11.5827.10%5.66%-17.34%104.14%
ITSPM
69
Neutral
€4.05B13.2012.44%22.53%73.36%
ITERG
67
Neutral
€2.62B13.718.74%5.71%-0.39%6.12%
ITDNR
63
Neutral
€1.30B15.82
1.90%0.72%-63.26%
ITPRY
62
Neutral
€14.74B19.5416.44%1.52%10.89%32.38%
49
Neutral
$1.95B-1.21-21.28%3.72%1.18%-30.47%
* Basic Materials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
IT:DNR
Industrie De Nora SpA
6.70
-6.68
-49.93%
IT:IG
Italgas S.p.A.
7.23
2.20
43.62%
IT:SPM
Saipem SpA
2.18
0.05
2.21%
IT:ERG
Erg SPA
17.88
-7.80
-30.36%
IT:PRY
Prysmian SpA
52.76
-2.18
-3.97%
IT:ENEL
Enel S.p.A.
7.74
1.40
22.08%

Industrie De Nora SpA Corporate Events

Industrie De Nora Publishes Shareholders’ Meeting Vote Summary
May 2, 2025

Industrie De Nora S.p.A. announced the availability of the summary report of votes from its Ordinary Shareholders’ Meeting held on April 29, 2025. This announcement reflects the company’s commitment to transparency and governance, potentially impacting its stakeholders by providing insights into shareholder decisions and company direction.

Industrie De Nora Strengthens Leadership and Governance Structure
Apr 29, 2025

Industrie De Nora’s Board of Directors has confirmed Paolo Dellachà as CEO and established several internal committees to enhance corporate governance. These developments aim to strengthen the company’s management structure and ensure compliance with the Corporate Governance Code, potentially impacting its strategic direction and stakeholder relations.

Industrie De Nora Approves 2024 Financials and Appoints New Board
Apr 29, 2025

Industrie De Nora S.p.A. has approved its financial statements for the year ending December 31, 2024, reporting a net profit of €53.5 million and declaring a dividend of €0.104 per share. The company also appointed a new Board of Directors and Statutory Auditors for the period 2025-2027, confirming Federico De Nora as Chairman. The meeting approved a remuneration policy and a Performance Shares Plan for 2025-2027, indicating strategic planning for future growth.

Industrie De Nora Announces Share Capital and Voting Rights Ahead of Shareholders’ Meeting
Apr 17, 2025

Industrie De Nora S.p.A. announced the total amount of voting rights and share capital in anticipation of its Ordinary Shareholders’ Meeting. The company’s share capital is valued at Euro 18,268,203.90, with a total of 201,685,174 shares. This communication outlines the structure of voting rights, including ordinary and multiple voting shares, which are held by key stakeholders and are not admitted to trading on Euronext Milan, impacting the company’s market capitalization and shareholder influence.

Industrie De Nora Announces Board Renewal Candidate Lists
Apr 8, 2025

Industrie De Nora S.p.A. has announced the publication of candidate lists for the renewal of its Board of Directors and Board of Statutory Auditors, as submitted by shareholders. This renewal process is part of the company’s governance practices, potentially impacting its strategic direction and reinforcing its commitment to transparency and regulatory compliance.

Industrie De Nora Releases Annual Financial Report Ahead of Shareholders’ Meeting
Apr 7, 2025

Industrie De Nora S.p.A. has announced the availability of its annual financial report and related documents ahead of its ordinary shareholders’ meeting scheduled for April 29, 2025. The release of these documents, which include financial statements and reports on corporate governance and remuneration policy, underscores the company’s transparency and commitment to its stakeholders, potentially impacting its market positioning and investor relations.

Industrie De Nora Announces Board Renewal Candidates
Apr 7, 2025

Industrie De Nora S.p.A. has announced the filing of a list of candidates for the renewal of its Board of Directors and Board of Statutory Auditors, ahead of the upcoming Shareholders’ Meeting on April 29, 2025. The list was submitted by the company’s majority shareholders, who hold a significant portion of the voting rights, indicating a strategic alignment in leadership and governance. This move is expected to reinforce the company’s operational stability and governance structure, with potential implications for its strategic direction and stakeholder engagement.

Industrie De Nora S.p.A. Announces Remote Shareholders’ Meeting for April 2025
Mar 20, 2025

Industrie De Nora S.p.A. has announced an Ordinary Shareholders’ Meeting scheduled for April 29, 2025, to discuss several key agenda items including the approval of financial statements, allocation of profits, appointment of directors and auditors, and adoption of a performance shares plan. The meeting will be conducted exclusively through a designated representative, with no physical attendance by shareholders, reflecting a shift towards more remote governance practices.

Industrie De Nora Reports Solid 2024 Financial Performance and Strategic Growth Plans
Mar 19, 2025

Industrie De Nora reported a 2.6% increase in revenues at constant exchange rates for 2024, with a solid order intake growth of 15%, providing strong visibility for 2025. The company achieved a net profit of 88.8 million Euros and proposed a dividend of 0.104 Euros per share. The company plans to focus on low single-digit revenue growth driven by water and energy transition segments, maintaining a stable financial position to support investments and potential M&A opportunities. The launch of the Dragonfly® electrolyzer and expansion of production capacity in China, Japan, and Germany highlight its commitment to sustainable growth despite challenging macroeconomic conditions.

De Nora Updates 2025 Financial Calendar with Key Announcement
Mar 11, 2025

Industrie De Nora S.p.A. announced an update to its 2025 financial calendar, stating that the market communication of the 2024 Results and Mid Term View will occur on March 19, 2025. This announcement is significant for stakeholders as it provides a timeline for financial disclosures and insights into the company’s future strategies, potentially impacting investor relations and market perceptions.

Industrie De Nora’s 2024 Financial Performance Surpasses Expectations with Strong Segment Growth
Feb 18, 2025

Industrie De Nora S.p.A. reported preliminary financial results for 2024 with a revenue increase of 2.6% at constant exchange rates and an adjusted EBITDA margin surpassing expectations at 18.2%, reflecting strong performances across its business segments. The company experienced substantial growth in its Water Technologies and Energy Transition segments, with revenues rising notably in the fourth quarter, driven by effective execution of backlog orders. This financial strength supports De Nora’s ongoing investment in R&D and production optimization, aiming to bolster its competitive edge and pursue growth strategies.

Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.

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.