Intercos S.p.A. (ICOS) AI Stock Analysis

• Market Cap: €1.16B
• Dividend Yield: 1.64%
• Average Volume (3M): 67.81K
• Price to Earnings (P/E): 24.0
• Beta (1Y): 0.48
• Revenue Growth: 7.76%
• EPS Growth: -7.28%
• Country: IT
• Employees: 3,872
• Sector: Consumer Cyclical
• Sector Strength: 65
• Industry: Household & Personal Products
• EPS (TTM): N/A
• Shares Outstanding: 96,364,020
• 10 Day Avg. Volume: 80,222
• 30 Day Avg. Volume: 67,810
• PEG Ratio: 6.61
• Price to Book (P/B): 2.47
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 12.40
• 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: €17.37
• Price Target Upside: 44.51% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 6

• Rating: 68 Neutral
• Price Target: €14.00 ▲(16.47%Upside)

Intercos S.p.A. benefits from strong financial performance, with growth and stability positioning it well for the future. However, technical indicators suggest caution due to weak momentum, and the stock's valuation is only moderately attractive.

Positive Factors

Financial Performance

Beating consensus on sales & margin is a good result.

Partnerships

ICOS can benefit from their partnerships with local brands in markets like China.

Negative Factors

Market Growth

Market growth commentary also softer at +4% with no sign of China recovery.

Profitability

There are continued profitability impacts from packaging mix.

Intercos S.p.A. Business Overview & Revenue Model

Company Description

Intercos S.p.A. (ICOS) is a leading global company in the beauty industry, specializing in the research, development, and manufacturing of color cosmetics, skincare, and personal care products. With a strong presence in the international market, Intercos partners with renowned beauty brands to provide innovative and high-quality beauty solutions. The company operates through a comprehensive network of research and production facilities, delivering a wide range of products tailored to meet the needs of its clients.

How the Company Makes Money

Intercos S.p.A. generates revenue primarily through its comprehensive product development and manufacturing services offered to beauty brands worldwide. The company operates a business-to-business (B2B) model, collaborating with top-tier beauty companies to create and produce a diverse array of cosmetic and skincare products. Key revenue streams include the sale of manufactured products, research and development services, and innovative formula development. Intercos's ability to offer customized solutions and stay at the forefront of beauty trends enhances its appeal to clients, contributing significantly to its earnings. Strategic partnerships and collaborations with leading beauty brands further bolster its revenue potential.

Intercos S.p.A. Financial Statement Overview

Summary

Intercos S.p.A. shows strong revenue growth, solid profitability, and a stable balance sheet. However, attention to leverage and capital expenditures could enhance financial stability further.

Income Statement

Intercos S.p.A. has demonstrated strong revenue growth with a notable increase in total revenue from the previous year. The gross profit margin and net profit margin remain solid, indicating efficient cost management. The EBIT and EBITDA margins are healthy, reflecting strong operating performance. However, there was a slight decrease in EBIT, which warrants attention.

Balance Sheet

The company's balance sheet shows a stable equity position with a positive trend in stockholders' equity growth. The debt-to-equity ratio is relatively moderate, suggesting manageable leverage. Return on Equity (ROE) is robust, highlighting effective use of shareholder funds. However, the equity ratio indicates a lower proportion of equity in total assets, suggesting potential risk if liabilities increase.

Cash Flow

Intercos S.p.A. has shown strong operating cash flow, with a favorable operating cash flow to net income ratio. Free cash flow growth is evident, but the free cash flow to net income ratio suggests room for improvement in cash generation relative to profits. Overall, cash flow management appears sound, but attention to capital expenditures could enhance free cash flow further.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	1.06B	988.22M	59.79M	43.20M	606.51M
Gross Profit	207.00M	199.38M	65.83M	48.04M	124.38M
EBITDA	112.75M	127.15M	118.47M	38.61M	80.83M
Net Income	48.80M	52.34M	5.20M	19.62M	38.42M
Balance Sheet
Total Assets	1.05B	980.93M	488.97M	473.82M	871.49M
Cash, Cash Equivalents and Short-Term Investments	190.00M	158.13M	53.56M	71.57M	225.42M
Total Debt	288.30M	258.61M	224.94M	240.68M	404.09M
Total Liabilities	570.70M	531.39M	266.46M	268.16M	601.76M
Stockholders Equity	476.70M	447.50M	222.51M	205.67M	269.73M
Cash Flow
Free Cash Flow	99.40M	48.22M	-4.04M	-6.30M	49.97M
Operating Cash Flow	99.40M	103.18M	9.38M	4.31M	91.47M
Investing Cash Flow	-61.40M	-53.72M	-46.51M	-26.15M	-55.32M
Financing Cash Flow	-2.16M	-77.58M	8.25M	-1.55M	100.06M

Intercos S.p.A. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 12.02
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IT:ICOS, the sentiment is Negative. The current price of 12.02 is below the 20-day moving average (MA) of 12.76, below the 50-day MA of 13.26, and below the 200-day MA of 13.62, indicating a bearish trend. The MACD of -0.26 indicates Positive momentum. The RSI at 31.83 is Neutral, neither overbought nor oversold. The STOCH value of 3.39 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IT:ICOS.

Intercos S.p.A. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ICOS	68 Neutral	€1.16B	24.04		1.64%	7.76%	-7.28%
Sector *	67 Neutral	€8.37B	14.89	8.46%	3.25%	4.05%	-25.38%
AEF	51 Neutral	€50.90M	3.37	18.24%	―	―	―
SFER	45 Neutral	€845.78M	112.46	-10.16%	1.96%	-10.48%	-360.89%

Intercos S.p.A. Corporate Events

Intercos S.p.A. Publishes Updated Bylaws

Intercos S.p.A. has announced the publication of its updated Bylaws, now available to the public through various platforms including its website and the authorized storage mechanism ‘1INFO’. This update reflects the company’s commitment to transparency and governance, potentially impacting its operations and stakeholder relations by ensuring clarity and compliance with regulatory standards.

The most recent analyst rating on (IT:ICOS) stock is a Buy with a EUR18.10 price target. To see the full list of analyst forecasts on Intercos S.p.A. stock, see the IT:ICOS Stock Forecast page.

Intercos S.p.A. Releases Meeting Minutes to Public

Intercos S.p.A. has made available the minutes of its ordinary and extraordinary meeting held on April 16, 2025, to the public through various channels, including its registered office and official website. This announcement reflects the company’s commitment to transparency and effective communication with its stakeholders, reinforcing its position as a key player in the global cosmetics industry.

The most recent analyst rating on (IT:ICOS) stock is a Buy with a EUR18.10 price target. To see the full list of analyst forecasts on Intercos S.p.A. stock, see the IT:ICOS Stock Forecast page.

Intercos S.p.A. Reports Strong Q1 2025 Growth Amid Challenging Market Conditions

Intercos S.p.A. reported a strong performance in the first quarter of 2025, with net revenues increasing by 13.4% to €250.8 million and adjusted EBITDA growing by 40.6% to €29.3 million. The make-up segment was the main driver of growth, accounting for over 60% of total revenue, and all regions showed double-digit growth, particularly Asia. Despite challenging market conditions, especially in the USA and China, Intercos demonstrated resilience and a robust order trend, reinforcing its optimistic outlook.