Indel B S.p.A. (IT:INDB)
:INDB
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Indel B S.p.A.
(INDB)
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Rating:69Neutral
Price Target:
€21.00
â–˛(7.69% Upside)
Action:ReiteratedDate:04/19/26
The score is driven primarily by very strong valuation (extremely low P/E and solid dividend yield) and a reasonably stable balance sheet with improved 2025 earnings and free cash flow. These positives are tempered by earlier margin compression and uneven cash-flow history, alongside currently neutral-to-weak technical momentum.
Positive Factors
Balance Sheet Strength
Equity accumulation across 2020–2025 provides a durable capital buffer that supports working capital, capex and cyclical downturns. Moderate historical leverage gives financial flexibility for OEM program investments or restructuring, reducing insolvency risk over the next 2–6 months.
Negative Factors
Margin Compression
A dramatic drop in gross margin reflects sustained pricing pressure, rising input costs or mix shifts. Even with 2025 earnings improvement, such structural margin erosion reduces buffer for operating shocks, limits reinvestment capacity and makes earnings more sensitive to volume swings over months.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance Sheet Strength
Equity accumulation across 2020–2025 provides a durable capital buffer that supports working capital, capex and cyclical downturns. Moderate historical leverage gives financial flexibility for OEM program investments or restructuring, reducing insolvency risk over the next 2–6 months.
Read all positive factors
Indel B S.p.A. (INDB) vs. iShares MSCI Italy ETF (EWI)
Market Cap
€108.50M
Dividend Yield4.15%
Average Volume (3M)1.51K
Price to Earnings (P/E)5.0
Beta (1Y)0.17
Revenue Growth2.67%
EPS Growth99.77%
CountryIT
Employees843
SectorConsumer Cyclical
Sector Strength84
IndustryConsumer Electronics
Share Statistics
EPS (TTM)3.88
Shares Outstanding5,842,000
10 Day Avg. Volume1,057
30 Day Avg. Volume1,510
Financial Highlights & Ratios
PEG Ratio0.05
Price to Book (P/B)0.73
Price to Sales (P/S)0.50
P/FCF Ratio9.27
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)2.29
Revenue Forecast (FY)€221.00M
Indel B S.p.A. Business Overview & Revenue Model
Company Description
Indel B S.p.A. manufactures and supplies cooling and refrigeration system worldwide. It offers mobile coolers and vehicle air conditioning systems for minibuses and industrial vehicles, as well as for special vehicles, such as ambulances, mobile c...
How the Company Makes Money
Indel B makes money primarily by selling refrigeration and cooling equipment and related components to business customers (B2B), with revenues generally tied to volumes shipped and product mix across its served markets. Key revenue streams include...
Indel B S.p.A. Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
71
Positive
Cash Flow
58
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Mar 2023 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 204.89M | 199.60M | 221.16M | 223.37M | 185.81M |
| Gross Profit | 11.05M | 11.40M | 40.01M | 62.34M | 55.02M |
| EBITDA | 19.57M | 19.70M | 22.13M | 25.62M | 26.24M |
| Net Income | 20.41M | 10.80M | 10.44M | 12.05M | 24.25M |
Balance Sheet | |||||
| Total Assets | 237.27M | 203.80M | 221.87M | 225.40M | 211.45M |
| Cash, Cash Equivalents and Short-Term Investments | 29.43M | 16.20M | 34.38M | 17.32M | 24.19M |
| Total Debt | 46.53M | 26.60M | 41.95M | 45.78M | 36.94M |
| Total Liabilities | 97.73M | 79.30M | 94.77M | 104.16M | 97.77M |
| Stockholders Equity | 138.83M | 124.50M | 126.63M | 120.91M | 113.51M |
Cash Flow | |||||
| Free Cash Flow | 10.98M | 10.80M | 24.82M | -10.54M | -4.55M |
| Operating Cash Flow | 14.59M | 19.50M | 33.41M | -5.31M | 5.57M |
| Investing Cash Flow | -14.74M | -6.53M | -7.25M | -3.26M | -10.57M |
| Financing Cash Flow | 13.42M | -29.04M | -9.00M | 2.01M | -14.05M |
Indel B S.p.A. Technical Analysis
Neutral
19.50
Price Trends
19.28
Negative
19.30
Negative
19.34
Negative
Market Momentum
-0.07
Negative
49.14
Neutral
25.24
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IT:INDB, the sentiment is Neutral. The current price of 19.5 is above the 20-day moving average (MA) of 18.91, above the 50-day MA of 19.28, and above the 200-day MA of 19.34, indicating a neutral trend. The MACD of -0.07 indicates Negative momentum. The RSI at 49.14 is Neutral, neither overbought nor oversold. The STOCH value of 25.24 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IT:INDB.
Indel B S.p.A. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | €108.50M | 4.99 | 17.82% | 4.15% | 2.67% | 99.77% | |
67 Neutral | €130.15M | 16.34 | 20.78% | 6.60% | -1.26% | -42.61% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
56 Neutral | €49.89M | -1.48 | ― | 3.58% | -4.64% | -768.64% | |
48 Neutral | €103.81M | -3.03 | -18.69% | ― | -8.30% | 55.18% |
* Consumer Cyclical Sector Average
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Indel B S.p.A. Corporate Events
Indel B Publishes Documentation for May 2026 Shareholders’ Meeting
Apr 15, 2026
Indel B S.p.A., a specialist in mobile and hospitality refrigeration and mobile air-conditioning solutions with a global footprint, has built its business around serving automotive, leisure, and professional markets with dedicated cooling and clim...
Indel B Calls 2026 Shareholders’ Meeting To Renew Governance And Buyback Plan
Apr 15, 2026
Indel B S.p.A. has convened its ordinary shareholders’ meeting for 25 May 2026, to be held exclusively via telecommunication with participation only through an appointed representative. Shareholders of record as of 14 May 2026 must provide v...
Indel B Lifts 2025 Revenues as Leisure Growth Offsets Automotive Slowdown
Apr 10, 2026
Indel B reported 2025 consolidated revenues of €207.4 million, up 1.9% year on year, with adjusted EBITDA rising 4.5% to €23.7 million but adjusted net profit slipping 12% to €10.2 million, alongside a weaker net financial positi...
Indel B Reports Series of Share Purchases on Italian MTA Market
Apr 7, 2026
Indel B S.p.A. disclosed a series of share transactions carried out on the Italian MTA market in March 2026, involving multiple small daily purchases of its own listed shares. The trades ranged from 52 to 1,000 shares per day at prices mostly betw...
Indel B Continues Treasury Share Buyback on Euronext Milan
Mar 25, 2026
Indel B S.p.A., a Milan-listed specialist in mobile refrigeration, hospitality cooling solutions, mobile air-conditioning for commercial and special-purpose vehicles, and niche cooling appliances like wine cellars, operates globally and is control...
Indel B Continues Share Buyback, Lifts Treasury Stock to Over 611,000 Shares
Mar 18, 2026
Indel B S.p.A., a producer of mobile and hospitality refrigeration and mobile air-conditioning systems, heads a global group active for 50 years in automotive, leisure and hotel refrigeration, as well as specialized cooling appliances. The company...
Indel B Adds to Treasury Stock with New Share Buybacks on Euronext Milan
Mar 11, 2026
Indel B S.p.A., a global producer of mobile refrigeration and air-conditioning systems for automotive, leisure and hospitality markets, also supplies specialized cooling appliances such as wine cellars and small milk refrigerators, and has a marke...
Indel B reports February 2026 share purchases on Italian MTA
Mar 5, 2026
Indel B S.p.A., the Italian listed manufacturer based in Sant’Agata Feltria, has its ordinary shares traded on the MTA market under ISIN IT0005245508 and is subject to Italian market disclosure rules. The company reported a series of share p...
Indel B Adds to Treasury Stock with Latest Buyback Tranche
Mar 4, 2026
Indel B S.p.A., a maker of mobile refrigeration and air conditioning systems serving automotive, hospitality and leisure markets worldwide, has a market capitalization of about €112 million. The company’s portfolio spans vehicle and mo...
Indel B Expands Treasury Share Buyback on Euronext Milan
Feb 25, 2026
Indel B S.p.A., a specialist in mobile refrigeration and air conditioning systems for automotive, hospitality and leisure applications, operates worldwide and also produces cooling appliances including wine cellars and compact refrigerators. The g...
Indel B Continues Share Buyback, Lifts Treasury Stock Holdings
Feb 19, 2026
Indel B S.p.A., a specialist in mobile refrigeration and air conditioning solutions for automotive, leisure and hospitality markets, operates globally with a diversified portfolio that also includes dedicated cooling appliances like wine cellars a...
Indel B Reports January 2026 Share Purchases on Italian MTA
Feb 5, 2026
Indel B S.p.A. disclosed a series of transactions in its own shares on the Italian MTA market during January 2026, with multiple daily purchases between 8 and 30 January at prices largely ranging from about €19.35 to €20.10 per share. ...
Indel B Continues Treasury Share Buyback on Euronext Milan
Feb 4, 2026
Indel B S.p.A. has continued to execute its previously authorised share buyback programme, repurchasing 1,100 treasury shares on Euronext Milan between 29 January and 4 February 2026 at a weighted average price of €19.8146, for a total consi...
Indel B Continues Buyback, Lifting Treasury Share Holdings to Over 605,000
Jan 28, 2026
Indel B S.p.A. has continued its share buyback programme, acquiring 980 treasury shares on Euronext Milan between 22 and 28 January 2026 at a weighted average price of €20.0051, for a total outlay of €19,605. Following these purchases,...
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.