Neodecortech SpA (IT:NDT)
:NDT
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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 Profitability
TTM revenue and margin improvement indicate the company is regaining pricing and volume traction in its core decorative surfaces business. Sustained mid-single-digit EBIT and double-digit EBITDA margins suggest growing operational leverage in manufacturing and product mix, supporting durable earnings power over coming quarters.
Negative Factors
Cash-Flow Volatility
Historic swings into negative free cash flow in multiple years highlight sensitivity to working-capital cycles and investment timing. Such volatility can strain liquidity in weaker quarters, force reactive financing or capex delays, and makes medium-term cash planning and consistent shareholder returns less certain.
Read all positive and negative factors
Positive Factors
Negative Factors
Improving Profitability
TTM revenue and margin improvement indicate the company is regaining pricing and volume traction in its core decorative surfaces business. Sustained mid-single-digit EBIT and double-digit EBITDA margins suggest growing operational leverage in manufacturing and product mix, supporting durable earnings power over coming quarters.
Read all positive factors
Neodecortech SpA (NDT) vs. iShares MSCI Italy ETF (EWI)
Market Cap
€57.04M
Dividend Yield3.97%
Average Volume (3M)7.73K
Price to Earnings (P/E)4.9
Beta (1Y)0.32
Revenue Growth10.90%
EPS Growth186.19%
CountryIT
Employees398
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)0.30
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)0.45
Revenue Forecast (FY)€189.20M
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
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 | 184.07M | 172.52M | 168.40M | 203.62M | 178.54M |
| Gross Profit | 57.22M | 33.75M | 64.35M | 33.60M | 70.13M | 64.60M |
| EBITDA | 25.70M | 20.87M | 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
3.68
Positive
3.60
Positive
3.36
Positive
Market Momentum
0.13
Negative
67.39
Neutral
50.48
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 3.90, above the 50-day MA of 3.68, and above the 200-day MA of 3.36, indicating a bullish trend. The MACD of 0.13 indicates Negative momentum. The RSI at 67.39 is Neutral, neither overbought nor oversold. The STOCH value of 50.48 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
4.14
1.31
46.13%
IT:ICF
Industrie Chimiche Forestali SpA
6.35
0.83
15.06%
IT:GRN
Green Oleo S.P.A.
0.59
-0.13
-18.06%
Neodecortech SpA Corporate Events
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...
Neodecortech Publishes 2025 Annual Report and Governance Documentation
Mar 31, 2026
Neodecortech has published its annual financial report for the year ended 31 December 2025, making the separate and consolidated financial statements, directors’ management report, auditors’ reports and related certifications available...
Neodecortech Approves Remuneration Report and Updates 2026 Financial Calendar
Mar 26, 2026
Neodecortech’s Board of Directors has approved the company’s remuneration policy and compensation report, aligning its governance and disclosure practices with Italian regulatory requirements on executive pay. The documentation will be...
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...
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.