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

• Market Cap: €108.50M
• Dividend Yield: 4.25%
• Average Volume (3M): 1.60K
• Price to Earnings (P/E): 9.7
• Beta (1Y): 0.19
• Revenue Growth: -9.76%
• EPS Growth: 4.87%
• Country: IT
• Employees: 843
• Sector: Consumer Cyclical
• Sector Strength: 65
• Industry: Consumer Electronics
• EPS (TTM): 1.41
• Shares Outstanding: 5,842,000
• 10 Day Avg. Volume: 2,158
• 30 Day Avg. Volume: 1,598
• PEG Ratio: 0.63
• Price to Book (P/B): 0.85
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 11.55
• 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: €21.00
• Price Target Upside: 10.53% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 0

• Rating: 70 Outperform
• Price Target: €21.50 ▲(13.16%Upside)

Indel B S.p.A. presents a balanced investment opportunity with strong valuation metrics, particularly a low P/E ratio and solid dividend yield. The company's financial performance is steady but challenged by revenue and cash flow volatility. Technical analysis shows a neutral market position, indicating the absence of strong momentum in either direction.

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 primarily through the sale of its refrigeration products across different sectors. Key revenue streams include the automotive sector, where it supplies refrigeration units for vehicles and trucks, the hospitality industry with its minibars and hotel room appliances, and the leisure industry with portable refrigeration solutions for outdoor activities. The company also benefits from strategic partnerships and collaborations with major automotive manufacturers and hospitality chains, which help expand its market reach and enhance its distribution network.

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.

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	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	199.60M	221.16M	223.37M	185.81M	124.28M
Gross Profit	11.40M	61.54M	62.34M	55.02M	37.11M
EBITDA	19.70M	22.13M	25.62M	26.24M	16.95M
Net Income	10.80M	10.44M	12.05M	24.25M	6.19M
Balance Sheet
Total Assets	203.80M	221.87M	225.40M	211.45M	179.52M
Cash, Cash Equivalents and Short-Term Investments	16.20M	34.38M	17.32M	24.19M	43.09M
Total Debt	26.60M	41.95M	45.78M	36.94M	47.64M
Total Liabilities	79.30M	94.77M	104.16M	97.77M	86.78M
Stockholders Equity	124.50M	126.63M	120.91M	113.51M	92.67M
Cash Flow
Free Cash Flow	10.80M	24.82M	-10.54M	-4.55M	10.01M
Operating Cash Flow	19.50M	33.41M	-5.31M	5.57M	14.33M
Investing Cash Flow	-8.40M	-7.25M	-3.26M	-10.57M	-3.16M
Financing Cash Flow	-29.30M	-9.00M	2.01M	-14.05M	11.49M

Indel B S.p.A. Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 19.00
• 50DMA: Negative
• 100DMA: Negative
• 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 Neutral. The current price of 19 is below the 20-day moving average (MA) of 19.14, below the 50-day MA of 19.22, and below the 200-day MA of 20.17, indicating a bearish trend. The MACD of -0.11 indicates Positive momentum. The RSI at 47.18 is Neutral, neither overbought nor oversold. The STOCH value of 41.67 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
INDB	70 Outperform	€108.50M	9.67	8.52%	4.25%	-9.76%	4.87%
Sector *	62 Neutral	$16.98B	10.86	-7.08%	3.03%	1.73%	-25.18%
0OM7	―	€175.35M	9.39	34.04%	6.15%	―	―
0KHH	―	€121.39M	―	-38.29%	―	―	―
0HPP	―	€122.99M	8.97	17.35%	―	―	―
CELL	70 Outperform	€64.95M	8.52		3.22%	―	―
RFG	―	€128.18M	22.05		1.89%	―	―

Indel B S.p.A. Corporate Events

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.

Indel B S.p.A. Publishes 2024 Financial Report

Indel B S.p.A. has announced the publication of its annual financial report for the 2024 fiscal year, which includes draft financial statements, consolidated financial statements, and a management report. These documents are available at the company’s registered office, on the Consob authorized storage mechanism, and on the company’s website. This announcement is significant as it provides stakeholders with comprehensive financial insights and sustainability reporting, reflecting the company’s ongoing commitment to transparency and regulatory compliance.

Indel B Publishes Shareholders’ Meeting Documents

Indel B S.p.A. has announced the publication of documents related to its upcoming shareholders’ meeting scheduled for May 23, 2025. These documents, which include proxy forms, voting instructions, and an explanatory report, are now available at the company’s registered office and on its website. This announcement ensures transparency and accessibility for stakeholders, reinforcing Indel B’s commitment to governance and shareholder engagement.

Indel B S.p.A. Announces Ordinary Meeting to Discuss Key Financial and Operational Matters

Indel B S.p.A. has announced an ordinary meeting scheduled for May 23, 2025, to discuss and resolve several key agenda items, including the approval of financial statements, allocation of operating profit, and authorization to purchase and dispose of treasury shares. The meeting will be conducted via telecommunication, and shareholders are required to grant a proxy to the Designated Representative for voting. This meeting is significant as it will address important financial and operational decisions that could impact the company’s strategic direction and shareholder value.