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Neodecortech SpA
(NDT)
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Rating:69Neutral
Price Target:
€4.50
▲(17.80% Upside)
Action:Downgraded
Date:05/15/26
The score is driven mainly by very strong valuation support (low P/E and solid dividend yield) and improving TTM financial performance. Offsetting these positives are only moderate and historically volatile cash-flow/earnings consistency and technically overbought momentum signals that may limit near-term upside.
Positive Factors
Improving revenue and profitability
Trailing-twelve-month revenue and margins have recovered, indicating the company is regaining scale and operational leverage. Sustained mid-single-digit operating margins and positive net margins support reinvestment in product design and customer relationships, improving long-term earnings resilience.
Negative Factors
Volatile cash flows historically
Intermittent negative free cash flow in recent years shows the company can experience sharp working-capital or investment swings. Such volatility complicates planning, can force external financing in downturns, and reduces confidence in sustained self-funded growth across cycles.
Read all positive and negative factors
Positive Factors
Negative Factors
Improving revenue and profitability
Trailing-twelve-month revenue and margins have recovered, indicating the company is regaining scale and operational leverage. Sustained mid-single-digit operating margins and positive net margins support reinvestment in product design and customer relationships, improving long-term earnings resilience.
Read all positive factors
Neodecortech SpA (NDT) vs. iShares MSCI Italy ETF (EWI)
Market Cap
€60.71M
Dividend Yield3.97%
Average Volume (3M)7.73K
Price to Earnings (P/E)5.0
Beta (1Y)0.33
Revenue Growth10.90%
EPS Growth186.19%
CountryIT
Employees441
SectorBasic Materials
Sector Strength58
IndustryPaper, Lumber & Forest Products
Share Statistics
EPS (TTM)0.86
Shares Outstanding14,218,021
10 Day Avg. Volume9,511
30 Day Avg. Volume7,731
Financial Highlights & Ratios
PEG Ratio0.09
Price to Book (P/B)0.63
Price to Sales (P/S)0.29
P/FCF Ratio3.91
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)0.45
Revenue Forecast (FY)€189.20M
Neodecortech SpA Business Overview & Revenue Model
Company Description
Neodecortech S.p.A. engages in the production and marketing of decorative papers for the industrial sectors of wood and furnishing accessories in Italy, Europe, Asia, the Middle East, the United States, and Africa. The company offers decorative pa...
How the Company Makes Money
NDT makes money by selling decorative surface materials to industrial customers in the wood-based panel and furniture manufacturing ecosystem. Its core revenue stream is the sale of decorative papers and impregnated decorative papers (e.g., melami...
Neodecortech SpA Financial Statement Overview
Summary
Income Statement
67
Positive
Balance Sheet
62
Positive
Cash Flow
60
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 188.73M | 187.29M | 172.52M | 168.40M | 203.62M | 178.54M |
| Gross Profit | 57.22M | 32.33M | 64.35M | 33.60M | 70.13M | 64.60M |
| EBITDA | 25.70M | 17.57M | 16.84M | 13.86M | 21.29M | 18.36M |
| Net Income | 12.07M | 7.33M | 4.06M | 2.85M | 8.44M | 6.69M |
Balance Sheet | ||||||
| Total Assets | 195.57M | 184.80M | 173.47M | 164.80M | 168.75M | 169.11M |
| Cash, Cash Equivalents and Short-Term Investments | 17.14M | 15.03M | 12.48M | 12.16M | 12.04M | 13.49M |
| Total Debt | 46.12M | 45.95M | 45.66M | 38.02M | 42.78M | 42.84M |
| Total Liabilities | 103.45M | 98.03M | 92.74M | 87.34M | 91.48M | 98.65M |
| Stockholders Equity | 92.13M | 86.82M | 80.76M | 77.46M | 77.27M | 70.47M |
Cash Flow | ||||||
| Free Cash Flow | 18.76M | 13.88M | -6.69M | 7.32M | -3.58M | 8.20M |
| Operating Cash Flow | 27.32M | 21.85M | 3.49M | 13.75M | 5.61M | 17.95M |
| Investing Cash Flow | -15.63M | -14.78M | -10.13M | -6.45M | -9.31M | -9.38M |
| Financing Cash Flow | 2.29M | -5.63M | 6.96M | -7.19M | 2.25M | -2.61M |
Neodecortech SpA Technical Analysis
Positive
3.82
Price Trends
4.01
Positive
3.75
Positive
3.50
Positive
Market Momentum
0.10
Positive
55.68
Neutral
29.82
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IT:NDT, the sentiment is Positive. The current price of 3.82 is below the 20-day moving average (MA) of 4.28, below the 50-day MA of 4.01, and above the 200-day MA of 3.50, indicating a bullish trend. The MACD of 0.10 indicates Positive momentum. The RSI at 55.68 is Neutral, neither overbought nor oversold. The STOCH value of 29.82 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IT:NDT.
Neodecortech SpA Peers Comparison
UnderperformOutperform
Sector (61)
IT:NDT
Neodecortech SpA
4.30
1.53
54.95%
IT:ICF
Industrie Chimiche Forestali SpA
6.10
0.52
9.40%
Neodecortech SpA Corporate Events
Neodecortech Lifts Treasury Stake with June Share Buybacks
Jun 26, 2026
Neodecortech S.p.A., listed on Euronext STAR Milan, has continued its share buyback programme, purchasing 6,000 treasury shares between 22 and 26 June 2026 at a weighted average price of €4.3435, for a total outlay of €26,060.91. The t...
Neodecortech Increases Treasury Stock with June Share Buybacks
Jun 19, 2026
Neodecortech S.p.A., a key European player in decorative surfaces for interior design, continues to expand its integrated offering of decorative papers, finishes and laminates for panels and flooring. Its vertical value chain enables control over ...
Neodecortech lifts treasury stake with fresh June share buybacks
Jun 5, 2026
Neodecortech S.p.A., listed on the Euronext STAR Milan segment, has continued its share buyback programme, reinforcing its position as a key Italian player in decorative surfaces for interior design applications. The company’s integrated pro...
Neodecortech lifts treasury stake to 3.53% with latest buyback tranche
May 29, 2026
Neodecortech S.p.A. has continued its share buyback activity, acquiring 8,000 treasury shares on Euronext Milan between 25 and 29 May 2026 at a weighted average price of €4.1057, for a total outlay of €32,845.83. Following these purcha...
Neodecortech Publishes Shareholders’ Meeting Minutes to Boost Governance Transparency
May 26, 2026
Neodecortech S.p.A., a leading European producer of decorative surfaces for interior design applications, provides integrated solutions covering the full production chain of decorative papers and related materials for panel and flooring manufactur...
Neodecortech Increases Treasury Share Holding to 3.474% of Capital
May 22, 2026
Neodecortech S.p.A., a major European supplier of decorative surfaces for interior design applications, reported further progress in its treasury share buyback programme. The company operates across the full decorative paper value chain, from raw ...
Neodecortech Delivers Profit Surge and Stronger Balance Sheet in Q1 2026
May 13, 2026
Neodecortech reported a strong first quarter of 2026, with net revenues rising 8% year on year to €47.1 million, driven by the consolidation of Lamitex and growth in printed decorative paper, despite weaker energy and decorative paper revenu...
Neodecortech discloses Azimut stake drop below 5% threshold
May 11, 2026
Neodecortech S.p.A., a key European player in decorative surfaces for interior design applications, reported a change in its shareholder structure following a recent notification from Azimut Investments S.A. The company, listed on Euronext STAR Mi...
Neodecortech lifts treasury stake to 3.44% with latest buyback
May 8, 2026
Neodecortech has continued its share buyback programme, acquiring 5,500 treasury shares on Euronext Milan between 4 and 8 May 2026 at a weighted average price of €3.7866, for a total outlay of €20,826.47. Following these purchases, the...
Neodecortech Publishes Voting Summary from 2026 Shareholders’ Meeting
Apr 30, 2026
Neodecortech S.p.A., a leading European producer of decorative surfaces for interior design applications, operates an integrated value chain that spans raw material processing to finished decorative papers and laminates. The company serves furnitu...
Neodecortech Approves 2025 Results, Dividend and New Share Buy-Back as Governance Board Renewed
Apr 28, 2026
Neodecortech’s shareholders approved the 2025 separate financial statements, which closed with a net profit of €7.36 million, and resolved to distribute a dividend of €0.15 per share, while also acknowledging the group’s co...
Neodecortech Expands Treasury Share Portfolio with April Buybacks
Apr 24, 2026
Neodecortech has continued its share buyback activity, purchasing 3,970 treasury shares on Euronext Milan between 20 and 24 April 2026 at a weighted average price of €3.7801, for a total outlay of €15,006.90. Following these transactio...
Neodecortech Lifts Treasury Stake With Targeted Share Buybacks
Apr 17, 2026
Neodecortech S.p.A., a key European player in decorative surfaces for interior design panels and flooring and listed on Euronext STAR Milan, manages the full production process from decorative paper to finished laminates and logistics. Its product...
Neodecortech Increases Treasury Stake with April Share Buybacks
Apr 10, 2026
Neodecortech S.p.A. has continued its share buyback program, acquiring 3,500 own shares on Euronext Milan between 7 and 10 April 2026 at a weighted average price of €3.6054, for a total outlay of €12,619.04. Following these latest purc...
Neodecortech Publishes Candidate Lists for New Board of Statutory Auditors
Apr 7, 2026
Neodecortech S.p.A., a major European producer of decorative papers and surfaces for interior design, has disclosed the candidate lists for its new Board of Statutory Auditors ahead of the shareholders’ meeting set for 28 April 2026. The mov...
Neodecortech Reports Series of March Share Purchases on Italian Market
Apr 2, 2026
Neodecortech S.p.A. has disclosed a series of transactions in its own shares carried out on the Italian EXM market over March 2026. Across multiple trading sessions between 2 March and 20 March, the company acquired several small tranches of stock...
Neodecortech’s 2025 Sustainability Drive Cuts Emissions and Delivers €7 Million in Savings
Apr 1, 2026
Neodecortech has released its 2025 Sustainability Report, detailing progress on ESG integration and operational efficiency across its value chain. The company generated €189 million in direct economic value, confirmed carbon neutrality for S...
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.