Neodecortech SpA (IT:NDT)
:NDT
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Neodecortech SpA
(NDT)
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Rating:68Neutral
Price Target:
€4.00
▲(4.71% Upside)
Action:DowngradedDate:03/18/26
The score is supported mainly by attractive valuation (low P/E and solid dividend yield) and a 2025 rebound in earnings/cash flow with moderate leverage. Offsetting this are mixed technical signals and a history of uneven revenue and volatile free cash flow that increases cyclicality risk.
Positive Factors
Profitability rebound
A clear rebound in operating earnings and cash generation in 2025 indicates operational resilience and improved earnings quality. If maintained, higher recurring operating cash flow supports reinvestment, debt service and dividend capacity, strengthening financial durability over coming quarters.
Negative Factors
Choppy revenue trend
Irregular top-line performance reduces predictability of margins and capacity utilization. Persistent revenue volatility complicates long-term planning, weakens bargaining power with suppliers, and raises the risk that temporary earnings gains may not translate into lasting cash flow improvements.
Read all positive and negative factors
Positive Factors
Negative Factors
Profitability rebound
A clear rebound in operating earnings and cash generation in 2025 indicates operational resilience and improved earnings quality. If maintained, higher recurring operating cash flow supports reinvestment, debt service and dividend capacity, strengthening financial durability over coming quarters.
Read all positive factors
Neodecortech SpA (NDT) vs. iShares MSCI Italy ETF (EWI)
Market Cap
€53.65M
Dividend Yield3.97%
Average Volume (3M)7.73K
Price to Earnings (P/E)6.7
Beta (1Y)0.30
Revenue GrowthN/A
EPS GrowthN/A
CountryIT
Employees398
SectorBasic Materials
Sector Strength58
IndustryPaper, Lumber & Forest Products
Share Statistics
EPS (TTM)0.15
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)0.30
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 Target
€5.00Price Target Upside30.89% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)0.48
Revenue Forecast (FY)€189.55M
Neodecortech SpA Business Overview & Revenue Model
Company Description
Neodecortech S.p.A. produces and markets decorative papers for industrial sectors in Italy, Europe, Asia, the Middle East, the United States, and Africa. The company provides printed decorative papers, printed and melamine-impregnated papers, and ...
How the Company Makes Money
Neodecortech makes money mainly by selling decorative surface materials and related solutions to industrial customers in the furniture and interiors value chain. Its revenue model is predominantly B2B product sales: (1) sale of decorative papers a...
Neodecortech SpA Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
68
Positive
Cash Flow
58
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 184.07M | 172.52M | 168.40M | 203.62M | 178.54M |
| Gross Profit | 33.75M | 64.35M | 33.60M | 70.13M | 64.60M |
| EBITDA | 20.87M | 16.84M | 13.86M | 21.29M | 18.36M |
| Net Income | 7.33M | 4.06M | 2.85M | 8.44M | 6.69M |
Balance Sheet | |||||
| Total Assets | 184.80M | 173.47M | 164.80M | 168.75M | 169.11M |
| Cash, Cash Equivalents and Short-Term Investments | 15.03M | 12.48M | 12.16M | 12.04M | 13.49M |
| Total Debt | 45.95M | 45.66M | 38.02M | 42.78M | 42.84M |
| Total Liabilities | 98.03M | 92.74M | 87.34M | 91.48M | 98.65M |
| Stockholders Equity | 86.82M | 80.76M | 77.46M | 77.27M | 70.47M |
Cash Flow | |||||
| Free Cash Flow | 13.88M | -6.69M | 7.32M | -3.58M | 8.20M |
| Operating Cash Flow | 21.85M | 3.49M | 13.75M | 5.61M | 17.95M |
| Investing Cash Flow | -14.78M | -10.13M | -6.45M | -9.31M | -9.38M |
| Financing Cash Flow | -5.63M | 6.96M | -7.19M | 2.25M | -2.61M |
Neodecortech SpA Technical Analysis
Positive
3.82
Price Trends
3.60
Positive
3.57
Positive
3.31
Positive
Market Momentum
0.02
Negative
62.66
Neutral
89.78
Negative
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 above the 20-day moving average (MA) of 3.54, above the 50-day MA of 3.60, and above the 200-day MA of 3.31, indicating a bullish trend. The MACD of 0.02 indicates Negative momentum. The RSI at 62.66 is Neutral, neither overbought nor oversold. The STOCH value of 89.78 is Negative, 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
3.80
1.22
47.29%
IT:ICF
Industrie Chimiche Forestali SpA
6.00
1.10
22.45%
IT:GRN
Green Oleo S.P.A.
0.63
-0.17
-21.25%
Neodecortech SpA Corporate Events
Neodecortech Lifts Treasury Stake to 3.2% with Latest Buybacks
Mar 20, 2026
Neodecortech has continued its share buyback programme, acquiring 6,000 treasury shares on Euronext Milan between 16 and 20 March 2026 at a weighted average price of €3.5879, for a total outlay of €21,527.62. Following these transactio...
Neodecortech Calls April 2026 Shareholders’ Meeting on 2025 Results and Governance
Mar 19, 2026
Neodecortech has called an ordinary shareholders’ meeting for 28 April 2026 at its Filago headquarters to approve the 2025 separate financial statements, decide on profit allocation and dividend distribution, and present the group’s co...
Neodecortech Increases Treasury Stake with March Share Buybacks
Mar 13, 2026
Neodecortech S.p.A., a key European maker of decorative surfaces for interior design applications, operates an integrated production chain covering decorative paper, foils, laminates and advanced anti-fingerprint surfaces. Its solutions target man...
Neodecortech Increases Treasury Share Holding to 3.12% of Capital
Mar 6, 2026
Neodecortech has continued its share buyback programme, acquiring 8,092 treasury shares on Euronext Milan between 2 and 6 March 2026 at a weighted average price of €3.4832, for a total outlay of €28,186.12. Following these latest purch...
Neodecortech Increases Treasury Share Holdings to Just Over 3% of Capital
Feb 27, 2026
Neodecortech S.p.A., listed on Euronext STAR Milan, has disclosed a new tranche of its share buyback activity carried out between 23 and 27 February 2026. Over the period, the company repurchased 3,408 treasury shares on Euronext Milan at a weight...
Neodecortech Secures Bio Energia Guarcino Operations Under Italy’s New Energy Decree
Feb 23, 2026
Neodecortech has confirmed that its bioenergy subsidiary Bio Energia Guarcino will remain operational at least until 2030, following Italy’s new “DL Bollette” decree. The law clarifies the regulatory framework for bioliquid‑...
Neodecortech Lifts Treasury Stake to 3.0% with Latest Share Buyback
Feb 20, 2026
Neodecortech has continued its share buyback programme, acquiring 5,000 treasury shares on Euronext Milan between 16 and 20 February 2026 at a weighted average price of €3.7313 per share, for a total consideration of €18,656.32. Follow...
Neodecortech Lifts Treasury Stake with Fresh Share Buybacks
Feb 6, 2026
Neodecortech S.p.A. has continued its share buyback programme, repurchasing 7,000 own shares on Euronext Milan between 2 and 6 February 2026 at a weighted average price of €3.7178 per share, for a total outlay of €26,024.64. Following ...
Neodecortech Increases Treasury Stake with Late-January Share Buybacks
Jan 30, 2026
Neodecortech S.p.A. has continued its share buyback program, purchasing 7,247 treasury shares on Euronext Milan between 26 and 30 January 2026 at a weighted average price of €3.6038 per share, for a total outlay of €26,116.92. Followin...
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.