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

• Market Cap: €1.22B
• Dividend Yield: 1.32%
• Average Volume (3M): 61.75K
• Price to Earnings (P/E): 25.6
• Beta (1Y): 0.44
• Revenue Growth: 7.76%
• EPS Growth: -7.28%
• Country: IT
• Employees: 3,872
• Sector: Consumer Cyclical
• Sector Strength: 56
• Industry: Household & Personal Products
• EPS (TTM): N/A
• Shares Outstanding: 96,364,020
• 10 Day Avg. Volume: 78,546
• 30 Day Avg. Volume: 61,753
• PEG Ratio: -2.91
• Price to Book (P/B): 5.49
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -302.02
• 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: €17.35
• Price Target Upside: 37.05% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 6

• Rating: 71 Outperform
• Price Target: €14.50 ▲(14.53%Upside)

Intercos S.p.A.'s stock is evaluated at a score of 70.6, driven primarily by strong financial performance and a stable balance sheet. The technical analysis presents mixed signals, with bearish price trends but some bullish indicators. Valuation reflects expectations of future growth, but the stock may be somewhat expensive without strong earnings growth. The stock's overall position is stable with room for cautious optimism.

Positive Factors

Company Outperformance

Intercos S.p.A. is expected to continue its outperformance despite moderated market growth.

Price Target

The price target is raised to €16.10 on model roll-forward and slightly higher peer valuation.

Sales Performance

Beating consensus on sales & margin is a good result.

Negative Factors

Financial Estimates

Estimates for FY25/26 are lowered mainly because of the stronger €.

Market Weakness

North America struggling to regain momentum.

Price Target Adjustment

The price target has been lowered to €16 due to lower estimates and lower peer valuation.

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

Company Description

Intercos S.p.A. (ICOS) is a leading global company in the beauty and personal care industry, specializing in the development, production, and marketing of cosmetics, skincare, and beauty products. The company serves a wide range of clients, including prominent beauty brands and retailers, by offering innovative and high-quality products. Intercos operates across various sectors within the beauty industry, including color cosmetics, skin care, and hair care, catering to the needs of both mass-market and prestige brands.

How the Company Makes Money

Intercos S.p.A. generates revenue primarily through the development and manufacturing of beauty and personal care products for third-party brands. The company's key revenue streams include contract manufacturing services and product development for beauty brands, where they leverage their R&D capabilities and extensive market knowledge to create customized products that align with clients' brand identities. Significant factors contributing to Intercos' earnings include strategic partnerships with leading beauty brands and retailers, an expansive portfolio of innovative formulations, and its global presence, which allows the company to cater to diverse markets and consumer preferences. Additionally, Intercos invests in continuous research and development to stay ahead of emerging trends and consumer demands, further enhancing its revenue potential.

Intercos S.p.A. Financial Statement Overview

Summary

Intercos S.p.A. exhibits solid financial performance with strong revenue growth and profitability. The balance sheet is stable, with a moderate debt-to-equity ratio, but the equity ratio suggests potential risks if liabilities increase. Cash flow generation is robust but could benefit from optimized capital expenditure.

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	15.80M	-77.58M	8.25M	-1.55M	100.06M

Intercos S.p.A. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 12.66
• 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 12.66 is below the 20-day moving average (MA) of 13.42, below the 50-day MA of 13.21, and below the 200-day MA of 13.76, indicating a bearish trend. The MACD of -0.17 indicates Positive momentum. The RSI at 36.82 is Neutral, neither overbought nor oversold. The STOCH value of 10.71 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	71 Outperform	€1.22B	25.59		1.32%	7.76%	-7.28%
PRY	69 Neutral	€16.42B	23.62	15.32%	1.39%	20.34%	25.32%
MONC	64 Neutral	€13.04B	20.56	18.81%	2.33%	4.18%	4.35%
Sector *	61 Neutral	€5.98B	13.07	0.40%	4.10%	4.45%	-35.15%
GEO	44 Neutral	€110.77M	―	-38.29%	―	-7.76%	-366.10%

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.

Intercos S.p.A. Announces 2024 Financial Results and New Incentive Plan

Intercos S.p.A. held its Shareholders’ Meeting, approving the financial statements for 2024 and announcing a dividend distribution of Euro 0.197169 per share. The meeting also approved a new incentive plan, the ‘Performance Shares Plan 2025-2027,’ and authorized the purchase and disposal of treasury shares to support market liquidity and efficiency, reflecting the company’s strategic focus on long-term growth and stakeholder engagement.

Intercos S.p.A. Announces Voting Rights Ahead of Shareholders’ Meeting

Intercos S.p.A. has announced the total amount of voting rights and the number of shares that constitute its capital ahead of its Shareholders’ Meeting on April 16, 2025. This announcement is significant for stakeholders as it provides transparency on the company’s governance structure, potentially impacting shareholder decisions and the company’s market position.