Declared Dividend • 12h
Dividend reduced to €0.60 Dividend of €0.60 is 25% lower than last year. Ex-date: 1st June 2026 Payment date: 3rd June 2026 Dividend yield will be 3.1%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is well covered by both earnings (15% earnings payout ratio) and cash flows (29% cash payout ratio). The dividend has decreased over the past 86 years, indicating a lack of growth and stability in payments. EPS is expected to decline by 34% over the next 3 years. However, it would need to fall by 83% to increase the payout ratio to a potentially unsustainable range. Aankondiging • Apr 16
Indel B S.p.A., Annual General Meeting, May 25, 2026 Indel B S.p.A., Annual General Meeting, May 25, 2026, at 11:30 W. Europe Standard Time. Aankondiging • Apr 12
Indel B S.p.A. announces Annual dividend, payable on June 03, 2026 Indel B S.p.A. announced Annual dividend of EUR 0.6000 per share payable on June 03, 2026, ex-date on June 01, 2026 and record date on June 02, 2026. Aankondiging • Jun 13
Indel B S.p.A. (BIT:INDB) acquired remaining 50% stake in Indel Webasto Marine Srl from Webasto Roof & Components SE for €23.4 million. Indel B S.p.A. (BIT:INDB) acquired remaining 50% stake in Indel Webasto Marine Srl from Webasto Roof & Components SE for €23.4 million on June 13, 2025. A cash consideration of €23.41 million will be paid by Indel B S.p.A. As part of consideration, €23.41 million is paid towards common equity of Indel Webasto Marine Srl. The transaction leads Indel B to hold 100% of the Target, thanks to the purchase of the shareholding held by Webasto Roof & Components SE. The total consideration for the transaction amounts to Euro 23.41 million, calculated using a multiple of about seven times the Target company’s 2024 EBITDA, adjusted for the net financial position as of December 31, 2024. The payment of the consideration was settled in full today via bank transfer.
For the period ending December 31, 2024, Indel Webasto Marine Srl reported total revenue of €16.8 million, net income of €3.5 million and EBITDA of €3.2 million.
Indel B S.p.A. (BIT:INDB) completed the acquisition of remaining 50% stake in Indel Webasto Marine Srl from Webasto Roof & Components SE on June 13, 2025. Aankondiging • May 27
Indel B S.p.A. announces Annual dividend, payable on June 04, 2025 Indel B S.p.A. announced Annual dividend of EUR 0.8000 per share payable on June 04, 2025, ex-date on June 02, 2025 and record date on June 03, 2025. Aankondiging • Apr 24
Indel B S.p.A., Annual General Meeting, May 23, 2025 Indel B S.p.A., Annual General Meeting, May 23, 2025, at 11:00 W. Europe Standard Time. Buy Or Sell Opportunity • Oct 15
Now 21% undervalued Over the last 90 days, the stock has risen 3.8% to €21.60. The fair value is estimated to be €27.20, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.1% over the last 3 years. Earnings per share has declined by 27%. Revenue is forecast to grow by 8.3% in 2 years. Earnings are forecast to grow by 71% in the next 2 years. Reported Earnings • Sep 26
First half 2024 earnings released: EPS: €1.41 (vs €1.61 in 1H 2023) First half 2024 results: EPS: €1.41 (down from €1.61 in 1H 2023). Revenue: €108.5m (down 10.0% from 1H 2023). Net income: €7.89m (down 13% from 1H 2023). Profit margin: 7.3% (down from 7.5% in 1H 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Consumer Durables industry in Germany. Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. New Risk • Sep 24
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 4.5% Last year net profit margin: 6.6% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (4.5% net profit margin). Upcoming Dividend • May 27
Upcoming dividend of €0.80 per share Eligible shareholders must have bought the stock before 03 June 2024. Payment date: 05 June 2024. Payout ratio is a comfortable 43% and this is well supported by cash flows. Trailing yield: 3.6%. Lower than top quartile of German dividend payers (4.6%). Lower than average of industry peers (4.1%). Reported Earnings • Apr 14
Full year 2023 earnings released: EPS: €1.85 (vs €2.31 in FY 2022) Full year 2023 results: EPS: €1.85 (down from €2.31 in FY 2022). Revenue: €226.5m (up 1.4% from FY 2022). Net income: €10.4m (down 13% from FY 2022). Profit margin: 4.6% (down from 5.4% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.4% p.a. on average during the next 2 years, compared to a 5.4% growth forecast for the Consumer Durables industry in Germany. Over the last 3 years on average, earnings per share has fallen by 5% per year whereas the company’s share price has fallen by 3% per year. Reported Earnings • Oct 01
First half 2023 earnings released First half 2023 results: Revenue: €124.4m (up 6.5% from 1H 2022). Net income: €9.07m (up 47% from 1H 2022). Profit margin: 7.3% (up from 5.3% in 1H 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.2% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Consumer Durables industry in Germany. Upcoming Dividend • May 29
Upcoming dividend of €0.80 per share at 3.2% yield Eligible shareholders must have bought the stock before 05 June 2023. Payment date: 07 June 2023. Payout ratio is a comfortable 35% but the company is not cash flow positive. Trailing yield: 3.2%. Lower than top quartile of German dividend payers (4.7%). Higher than average of industry peers (2.9%). Board Change • Nov 16
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 10 experienced directors. 1 highly experienced director. 2 independent directors (8 non-independent directors). President of Board of Statutory Auditors Sergio Marchese was the last director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Sep 25
First half 2022 earnings released: EPS: €1.09 (vs €2.87 in 1H 2021) First half 2022 results: EPS: €1.09 (down from €2.87 in 1H 2021). Revenue: €118.3m (up 24% from 1H 2021). Net income: €6.16m (down 63% from 1H 2021). Profit margin: 5.2% (down from 17% in 1H 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.6% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Consumer Durables industry in Germany. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • May 30
Upcoming dividend of €1.00 per share Eligible shareholders must have bought the stock before 06 June 2022. Payment date: 08 June 2022. Payout ratio is a comfortable 24% but the company is not cash flow positive. Trailing yield: 3.9%. Lower than top quartile of German dividend payers (4.3%). Higher than average of industry peers (3.0%). Reported Earnings • Apr 27
Full year 2021 earnings released: EPS: €4.25 (vs €1.08 in FY 2020) Full year 2021 results: EPS: €4.25 (up from €1.08 in FY 2020). Revenue: €188.3m (up 49% from FY 2020). Net income: €24.2m (up 292% from FY 2020). Profit margin: 13% (up from 4.9% in FY 2020). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 6.4%, compared to a 9.0% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Board Change • Apr 27
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 10 experienced directors. 1 highly experienced director. 2 independent directors (8 non-independent directors). President of Board of Statutory Auditors Sergio Marchese was the last director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Apr 24
Full year 2021 earnings released: EPS: €4.25 (vs €1.08 in FY 2020) Full year 2021 results: EPS: €4.25 (up from €1.08 in FY 2020). Revenue: €188.3m (up 49% from FY 2020). Net income: €24.2m (up 292% from FY 2020). Profit margin: 13% (up from 4.9% in FY 2020). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 6.4%, compared to a 9.2% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Apr 23
Investor sentiment improved over the past week After last week's 17% share price gain to €25.40, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 12x in the Consumer Durables industry in Germany. Total returns to shareholders of 19% over the past three years. Reported Earnings • Sep 22
First half 2021 earnings released: EPS €2.87 (vs €0.50 in 1H 2020) The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: €95.9m (up 68% from 1H 2020). Net income: €16.4m (up 474% from 1H 2020). Profit margin: 17% (up from 5.0% in 1H 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 7% per year, which means it is performing significantly worse than earnings. Upcoming Dividend • May 24
Upcoming dividend of €0.52 per share Eligible shareholders must have bought the stock before 31 May 2021. Payment date: 02 June 2021. Trailing yield: 2.0%. Lower than top quartile of German dividend payers (3.2%). Lower than average of industry peers (2.3%). Upcoming Dividend • May 19
Upcoming dividend of €0.52 per share Eligible shareholders must have bought the stock before 26 May 2021. Payment date: 28 May 2021. Trailing yield: 2.0%. Lower than top quartile of German dividend payers (3.2%). Lower than average of industry peers (2.3%). Reported Earnings • Apr 21
Full year 2020 earnings released The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: €124.3m (down 18% from FY 2019). Net income: €6.20m (down 61% from FY 2019). Profit margin: 5.0% (down from 10% in FY 2019). The decrease in margin was driven by lower revenue. Is New 90 Day High Low • Feb 16
New 90-day high: €25.40 The company is up 38% from its price of €18.45 on 18 November 2020. The German market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Durables industry, which is up 21% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €15.12 per share. Is New 90 Day High Low • Jan 30
New 90-day high: €24.50 The company is up 48% from its price of €16.60 on 30 October 2020. The German market is up 20% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Durables industry, which is up 28% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €15.02 per share. Is New 90 Day High Low • Jan 14
New 90-day high: €22.90 The company is up 38% from its price of €16.60 on 16 October 2020. The German market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Durables industry, which is up 18% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €14.96 per share. Is New 90 Day High Low • Dec 18
New 90-day high: €22.70 The company is up 41% from its price of €16.10 on 18 September 2020. The German market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Durables industry, which is up 17% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €14.94 per share. Is New 90 Day High Low • Nov 12
New 90-day high: €17.55 The company is up 10.0% from its price of €15.90 on 14 August 2020. The German market is up 1.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Consumer Durables industry, which is up 12% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €10.76 per share. Is New 90 Day High Low • Oct 07
New 90-day high: €17.35 The company is up 12% from its price of €15.55 on 09 July 2020. The German market is up 3.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Consumer Durables industry, which is up 16% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €10.86 per share. Reported Earnings • Sep 29
First half earnings released Over the last 12 months the company has reported total profits of €10.1m, down 29% from the prior year. Total revenue was €124.8m over the last 12 months, down 18% from the prior year.