Indel B S.p.A. (INDB) AI Stock Analysis

• Market Cap: €112.49M
• Dividend Yield: 4.08%
• Average Volume (3M): 2.34K
• Price to Earnings (P/E): 4.5
• Beta (1Y): 0.20
• Revenue Growth: -5.58%
• EPS Growth: 165.78%
• Country: IT
• Employees: 843
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Consumer Electronics
• EPS (TTM): 1.41
• Shares Outstanding: 5,842,000
• 10 Day Avg. Volume: 1,858
• 30 Day Avg. Volume: 2,339
• PEG Ratio: 2.07
• Price to Book (P/B): 1.07
• Price to Sales (P/S): 0.67
• P/FCF Ratio: 12.33
• 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: €21.50
• Price Target Upside: 9.69% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 0

• Rating: 69 Neutral
• Price Target: €21.50 ▲(9.69% Upside)

Indel B S.p.A. receives a moderate score driven by its strong valuation metrics, including a low P/E ratio and high dividend yield, which suggest potential undervaluation and income appeal. However, challenges in revenue growth and cash flow consistency, along with a neutral technical outlook, temper the overall score.

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 clinics, civil protection vehicles, medicines transporting vehicles, and trams and trains; and refrigeration systems for the transport of foodstuffs at controlled temperatures. The company also engages in the production and marketing of a range of minibars equipped with the advanced technologies, as well as technological accessories, such as safes, electronic locks, and LED televisions for hotels and cruise ships. In addition, it is involved in the production of built-in or transportable coolers for sail and motorboats and yachts, as well as for leisure vehicles, such as cars, campers, caravans, and recreational vehicles. Further, it offers cooling appliances for wine market. The company was founded in 1967 and is based in Sant'Agata Feltria, Italy. Indel B S.p.A. is a subsidiary of Amp.Fin S.R.L.

How the Company Makes Money

Indel B S.p.A. generates revenue through the sale of its refrigeration and cooling products. The key revenue streams include the automotive sector where the company supplies portable refrigerators for cars and trucks, and the hospitality industry where minibars and safes are sold to hotels and cruise ships. Additionally, Indel B benefits from its strong distribution network and strategic partnerships with vehicle manufacturers and hospitality chains, which enhance its market reach and sales potential. The company's commitment to innovation and quality helps it maintain a competitive edge, contributing positively to its financial performance.

Indel B S.p.A. Financial Statement Overview

Summary

Indel B S.p.A. demonstrates operational efficiency with stable margins but faces challenges in revenue growth and cash flow consistency. The balance sheet is stable with moderate leverage, yet cash flow volatility could pose risk in financial flexibility. Attention to revenue stabilization and cash flow management is advisable for sustained growth.

Income Statement

The company's gross profit margin and net profit margin have shown stability over the years. However, recent revenue shows volatility with a decline from 2022 to 2023, impacting the overall growth trajectory. EBIT and EBITDA margins are healthy, indicating operational efficiency.

Balance Sheet

Indel B maintains a moderate debt-to-equity ratio, which suggests a balanced approach to leverage. While equity ratio is solid, the return on equity has shown fluctuations, primarily due to varying net income levels.

Cash Flow

Operating cash flow remains positive, but free cash flow has experienced significant variability. The operating cash flow to net income ratio is strong, yet the free cash flow to net income ratio indicates inconsistencies, reflecting potential cash flow management challenges.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	197.53M	199.60M	221.16M	223.37M	185.81M	124.28M
Gross Profit	29.16M	11.40M	40.01M	62.34M	55.02M	37.11M
EBITDA	14.07M	19.70M	22.13M	25.62M	26.24M	16.95M
Net Income	23.21M	10.80M	10.44M	12.05M	24.25M	6.19M
Balance Sheet
Total Assets	260.98M	203.80M	221.87M	225.40M	211.45M	179.52M
Cash, Cash Equivalents and Short-Term Investments	31.84M	16.20M	34.38M	17.32M	24.19M	43.09M
Total Debt	59.82M	26.60M	41.95M	45.78M	36.94M	47.64M
Total Liabilities	120.92M	79.30M	94.77M	104.16M	97.77M	86.78M
Stockholders Equity	139.44M	124.50M	126.63M	120.91M	113.51M	92.67M
Cash Flow
Free Cash Flow	6.09M	10.80M	24.82M	-10.54M	-4.55M	10.01M
Operating Cash Flow	13.99M	19.50M	33.41M	-5.31M	5.57M	14.33M
Investing Cash Flow	-18.49M	-6.53M	-7.25M	-3.26M	-10.57M	-3.16M
Financing Cash Flow	11.20M	-29.04M	-9.00M	2.01M	-14.05M	11.49M

Indel B S.p.A. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 19.60
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IT:INDB, the sentiment is Negative. The current price of 19.6 is below the 20-day moving average (MA) of 19.92, above the 50-day MA of 19.47, and below the 200-day MA of 19.74, indicating a neutral trend. The MACD of 0.07 indicates Positive momentum. The RSI at 47.88 is Neutral, neither overbought nor oversold. The STOCH value of 48.15 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IT:INDB.

Indel B S.p.A. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
BEC	72 Outperform	€178.61M	15.23	32.24%	6.10%	3.16%	-32.78%
INDB	69 Neutral	€112.49M	4.52	17.82%	4.08%	-5.58%	165.78%
CELL	66 Neutral	€64.28M	10.81	4.23%	3.25%	―	―
GEO	50 Neutral	€116.44M	-4.40	-44.69%	―	-5.49%	-62.25%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%

Indel B S.p.A. Corporate Events

Indel B S.p.A. Executes Share Buyback Program

Indel B S.p.A. announced the purchase of 3,122 of its own shares as part of a share buyback program. This move, executed between August 5 and August 11, 2025, reflects the company’s strategy to manage its capital structure, potentially enhancing shareholder value and signaling confidence in its financial health.

The most recent analyst rating on (IT:INDB) stock is a Buy with a EUR28.60 price target. To see the full list of analyst forecasts on Indel B S.p.A. stock, see the IT:INDB Stock Forecast page.

Indel B S.p.A. Announces Share Buyback of 2,800 Shares

Indel B S.p.A. announced the purchase of 2,800 own shares as part of its share buyback program, representing 0.048% of its total ordinary shares, at an average price of Euro 18.9977. This move, executed on Euronext Milan, reflects the company’s strategic efforts to manage its share capital, potentially impacting its market valuation and shareholder value.

The most recent analyst rating on (IT:INDB) stock is a Buy with a EUR28.60 price target. To see the full list of analyst forecasts on Indel B S.p.A. stock, see the IT:INDB Stock Forecast page.

Indel B Expands into Turkey with New Distribution Company

Indel B S.p.A., through its controlled company Autoclima S.p.A., has established a new entity in Turkey named INDEL B ISITMA VE SOGUTMA SISTEMLERI LIMITED SIRKETI, to enhance its commercial distribution in the Turkish market. This strategic move aims to leverage the dynamic Turkish market, particularly in the automotive and special vehicles sectors, with the help of a local partner, to strengthen Indel B’s international presence and foster long-term commercial relationships.

The most recent analyst rating on (IT:INDB) stock is a Buy with a EUR28.60 price target. To see the full list of analyst forecasts on Indel B S.p.A. stock, see the IT:INDB Stock Forecast page.

Indel B S.p.A. Executes Share Buyback on Euronext Milan

Indel B S.p.A. announced the purchase of 1,100 of its own shares on the Euronext Milan, as part of a share buyback program authorized by its shareholders. This move, involving a total investment of Euro 20,662.05, reflects the company’s strategic initiative to manage its capital structure and potentially enhance shareholder value.

The most recent analyst rating on (IT:INDB) stock is a Buy with a EUR28.60 price target. To see the full list of analyst forecasts on Indel B S.p.A. stock, see the IT:INDB Stock Forecast page.

Indel B S.p.A. Launches Share Buyback Program

Indel B S.p.A. has initiated a share buyback program authorized by its shareholders, aiming to purchase up to 100,000 shares or a maximum total value of 2.5 million Euros. This program is designed to support share incentive plans, manage liquidity, stabilize stock prices, and enhance market efficiency, with Intesa Sanpaolo S.p.A. overseeing its execution.

The most recent analyst rating on (IT:INDB) stock is a Buy with a EUR28.60 price target. To see the full list of analyst forecasts on Indel B S.p.A. stock, see the IT:INDB Stock Forecast page.

Indel B Acquires Full Control of Indel Webasto Marine to Boost Leisure and North American Markets

Indel B S.p.A. has acquired the remaining 50% of Indel Webasto Marine Srl for 23.41 million euros, gaining full control of the company. This strategic acquisition is aimed at strengthening Indel B’s presence in the Leisure segment and enhancing its market penetration in North America, particularly through its subsidiary Indel Webasto Marine USA. The acquisition aligns with Indel B’s growth strategy, allowing for greater managerial autonomy and potential expansion in the sector, despite global economic uncertainties and protectionist policies.

The most recent analyst rating on (IT:INDB) stock is a Buy with a EUR28.60 price target. To see the full list of analyst forecasts on Indel B S.p.A. stock, see the IT:INDB Stock Forecast page.

Indel B Joins FTSE Italia Indices, Enhancing Market Visibility

Indel B S.p.A. has been included in four FTSE Italia indices, reflecting its industrial and financial strength and increasing visibility in the capital market. This inclusion is seen as a significant recognition of the company’s growth and commitment to sustainable value creation for its stakeholders.

The most recent analyst rating on (IT:INDB) stock is a Buy with a EUR28.60 price target. To see the full list of analyst forecasts on Indel B S.p.A. stock, see the IT:INDB Stock Forecast page.

Indel B S.p.A. Releases Shareholders’ Meeting Minutes

Indel B S.p.A. has announced the availability of the minutes from its Ordinary Shareholders’ Meeting held on May 23, 2025. These minutes are accessible to the public through various channels, including the company’s headquarters, Borsa Italiana, and online platforms. This announcement reflects the company’s commitment to transparency and governance, potentially reinforcing stakeholder confidence in its operations.

The most recent analyst rating on (IT:INDB) stock is a Buy with a EUR28.60 price target. To see the full list of analyst forecasts on Indel B S.p.A. stock, see the IT:INDB Stock Forecast page.

Indel B S.p.A. Approves 2024 Financials and Dividend Amid Revenue Decline

Indel B S.p.A.’s Shareholders’ Meeting approved the 2024 financial statements, reporting a revenue decline to Euro 124.9 million and a net profit of Euro 7.2 million. The meeting also approved a dividend distribution of Euro 0.80 per share and authorized the purchase and disposal of own shares, reflecting strategic financial management amid challenging market conditions.

The most recent analyst rating on (IT:INDB) stock is a Buy with a EUR28.60 price target. To see the full list of analyst forecasts on Indel B S.p.A. stock, see the IT:INDB Stock Forecast page.