Indra Sistemas, S.A.

BME:IDR Stock Report

Market Cap: €8.6b

Indra Sistemas Management

Management criteria checks 3/4

We currently do not have sufficient information about the CEO.

Key information

Jose de Los Mozos Obispo

Chief executive officer

€2.2m

Total compensation

CEO salary percentage29.48%
CEO tenure3yrs
CEO ownershipn/a
Management average tenure3.2yrs
Board average tenure3.3yrs

Recent management updates

Recent updates

IDR: Future Re Rating Will Rely On Delivering 2026 Revenue And EBIT Targets

Analysts have trimmed their fair value estimate for Indra Sistemas from €85.00 to €80.00, reflecting updated assumptions around the discount rate, revenue growth, profit margin and future P/E expectations. What's in the News Indra Sistemas, S.A. is being added to the FTSE All-World Index (USD), which may increase the company’s visibility among global index-tracking investors (Index Constituent Adds).

IDR: TfL Ticketing Contract Will Drive Future Upside Potential

Analysts now set their price target for Indra Sistemas at about €62.62, up from roughly €59.29. This reflects updated views on fair value, discount rate and future P/E assumptions.

IDR: Future Re Rating Case Will Hinge On 2026 Execution Credentials

Analysts have lifted their price target on Indra Sistemas to €60 from €47, reflecting updated views on the company’s earnings outlook and sector positioning within European software and services ahead of 2026. Analyst Commentary The latest research frames the new €60 price target as part of a broader reset across European software and services into 2026.

IDR: Future Re Rating Case Centers On Execution Of Revised Profitability Assumptions

Analysts have lifted their price target on Indra Sistemas to €60 from €47, citing updated assumptions for fair value at €85, revised forecasts for revenue growth at 21.83% and profit margin at 7.31%, a discount rate of 10.57%, and a future P/E of 27.32x. Analyst Commentary Bullish analysts are pointing to the higher fair value assumption of €85 and the future P/E of 27.32x as signals that they still see meaningful upside potential in Indra Sistemas, even with the rating now set at Equal Weight.

IDR: Equal Weight Reset And TfL Contract Will Shape Measured Outlook

Narrative Update on Indra Sistemas Analysts have lifted their price target on Indra Sistemas to €59.29 from €55.10, citing updated assumptions on discount rate, revenue growth, profit margin and future P/E after a recent sector wide review that also saw the stock downgraded to Equal Weight with a separate target of €60.00. Analyst Commentary Recent research on Indra Sistemas reflects a mixed view, with the share rating moved to Equal Weight while the price target was raised to €60 from €47 as part of a broader 2026 sector outlook review.

IDR: Equal Weight Shift And London Transport Deal Will Shape Balanced Outlook

Analysts have lifted their price target on Indra Sistemas to €60 from €47, aligning it with an updated fair value estimate of €55.10 and refreshed assumptions on discount rate, revenue growth and future P/E, even as the stock moves to an Equal Weight stance. Analyst Commentary Bullish Takeaways Bullish analysts point to the higher €60 price target as a sign that updated assumptions on revenue growth, discount rate and future P/E still support upside versus the prior €47 level.

IDR: Execution Risks Around London Contract Will Likely Restrain Further Repricing

Analysts have raised their price target for Indra Sistemas from €47 to €60, citing updated assumptions for revenue growth, profit margins, discount rates and a lower future P/E multiple in recent research. Analyst Commentary Recent research includes a downgrade of Indra Sistemas to Equal Weight with a higher price target of €60, up from €47, as part of a broader 2026 outlook on European software and services.

IDR: Neutral Rating Shift And London Contract Will Shape Balanced Outlook

Narrative Update on Indra Sistemas Analysts have lifted their fair value estimate for Indra Sistemas from €51.18 to €53.38, supported by fresh Street research that pairs higher price targets with more neutral ratings and slightly adjusted assumptions for the discount rate, revenue growth and future P/E. Analyst Commentary Recent Street research on Indra Sistemas presents a mixed picture, with price targets moving higher while ratings sit closer to the middle of the scale.

Why Investors Shouldn't Be Surprised By Indra Sistemas, S.A.'s (BME:IDR) 25% Share Price Surge

Jan 16
Why Investors Shouldn't Be Surprised By Indra Sistemas, S.A.'s (BME:IDR) 25% Share Price Surge

IDR: Neutral Rating Shift And Hispasat Decision Will Support Balanced Outlook

Analysts have inched their price target for Indra Sistemas to €51.18, reflecting modest tweaks to discount rate, revenue growth and profit margin assumptions that align with the recent upgrade to Neutral and the €46 target cited in Street research. Analyst Commentary Bullish Takeaways Bullish analysts view the move to a Neutral rating as recognition that previous concerns may now be more fairly reflected in the current share price, reducing the perceived valuation gap.

IDR: Future Order Pipeline And Margin Plans Will Support Balanced Outlook

Analysts have nudged their price target on Indra Sistemas higher by EUR 0.56 to EUR 51.18, citing slightly stronger expectations for revenue growth, margins, and valuation multiples. The revision is supported by recent research arguing the shares have become too cheap to ignore and no longer warrant an underperform stance.

These 4 Measures Indicate That Indra Sistemas (BME:IDR) Is Using Debt Reasonably Well

Dec 04
These 4 Measures Indicate That Indra Sistemas (BME:IDR) Is Using Debt Reasonably Well

IDR: Upgraded Ratings and Rising Margins Will Drive Renewed Bullish Momentum

Indra Sistemas’ analyst consensus price target has been raised slightly, from €50.19 to €50.61. Analysts cite improved profit margins and recent positive sentiment upgrades.

IDR: Cautious Optimism Expected to Balance Opportunities and Ongoing Risks

Indra Sistemas saw its analyst price target rise from €47.92 to €50.19 as analysts cited stronger revenue growth expectations, a lower discount rate, and a generally improved outlook from recent upgrades and new coverage. Analyst Commentary Recent street research on Indra Sistemas reflects a shift in sentiment, with upgrades and new coverage prompting a closer look at the company’s valuation and prospects.

IDR: Continued U S Mobility Expansion Will Shape Balanced Risk Reward Outlook

Indra Sistemas' analyst price target has risen from €41.66 to €47.92. This change reflects analysts' increased optimism on revenue growth and profit margins following recent upgrades and positive coverage.

European Defense Spending And AI Adoption Will Unlock Opportunities

Indra Sistemas' analyst price target has been raised from €40.75 to €41.66, as analysts cite continued undervaluation of shares and a slight improvement in profit margin forecasts. Analyst Commentary Analysts remain positive on Indra Sistemas, supported by recent coverage and upward revisions in price targets.
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Acquisitions Of Deimos And TESS Defence Propel Growth In Space And Defense Markets

Acquisitions in space and defense sectors enhance capabilities and position Indra for increased profitability and revenue growth.

CEO Compensation Analysis

How has Jose de Los Mozos Obispo's remuneration changed compared to Indra Sistemas's earnings?
DateTotal CompensationSalaryCompany Earnings
Dec 31 2025n/an/a

€436m

Sep 30 2025n/an/a

€384m

Jun 30 2025n/an/a

€378m

Mar 31 2025n/an/a

€276m

Dec 31 2024€2m€660k

€278m

Sep 30 2024n/an/a

€244m

Jun 30 2024n/an/a

€230m

Mar 31 2024n/an/a

€223m

Dec 31 2023€2m€410k

€206m

Compensation vs Market: Jose's total compensation ($USD2.63M) is about average for companies of similar size in the Spanish market ($USD3.34M).

Compensation vs Earnings: Jose's compensation has increased by more than 20% in the past year.

CEO

Jose de Los Mozos Obispo (63 yo)

3yrs
Tenure
€2,239,000
Compensation

Mr. José Vicente de Los Mozos Obispo serves as Chief Executive Officer and Director of Indra Sistemas, S.A. since May 18, 2023 and served as its Head of Defense & Security since 2023. He is Chairman (non e...

Leadership Team

NamePositionTenureCompensationOwnership
Jose de Los Mozos Obispo
CEO & Director3yrs€2.24mno data
Miguel Garau
Chief Financial Officer1.7yrsno datano data
Manuel García
Chief Technology Officer1.2yrsno datano data
David Santos
Chief Legal Officer3.3yrsno datano data
Jesus Presa
Chief Marketing Officer & Brand Management3.3yrsno datano data
Maria del Carmen Moneva
Chief HR Officerno datano datano data
Luis Figueroa García
Head of IT Delivery & Productionno datano datano data
Borja Ochoa Gil
Head of Defence & Securityno datano datano data
Raul Ripio
Managing Director of Mobilityno datano datano data
Manuel Ausaverri
Chief Strategy Officer3.3yrsno datano data
Luis Hernando
Managing Director of Minsaitno datano datano data
Juan Pedro Veiga
International Managing Directorno datano datano data
3.2yrs
Average Tenure

Experienced Management: IDR's management team is considered experienced (3.2 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Jose de Los Mozos Obispo
CEO & Director3yrs€2.24mno data
Fernando Fernandez-Tapias
Member of the Advisory Boardno datano datano data
Belen Corbi
Independent Director3.6yrs€184.00kno data
Julian Garcia Vargas
Member of the Advisory Boardno datano datano data
Sergio Serrano Sánchez
Member of the Advisory Boardno datano datano data
Santiago de Torres
Member of the Advisory Boardno datano datano data
Emilio Saracho Rodríguez de Torres
Member of the Advisory Boardno datano datano data
Juan Costa
Member of the Advisory Boardno datano datano data
Bernardo Villazan Gil
Independent Director3.6yrs€158.00kno data
Virginia Peralta
Deputy Chair & Lead Independent Director3.6yrs€214.00kno data
Eva Fernandez Gongora
Independent Directorless than a yearno datano data
Ángel Grimaldos
Chairmanless than a yearno datano data
3.3yrs
Average Tenure
67.5yo
Average Age

Experienced Board: IDR's board of directors are considered experienced (3.3 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/04 13:41
End of Day Share Price 2026/04/30 00:00
Earnings2025/12/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Indra Sistemas, S.A. is covered by 30 analysts. 14 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
null nullBanco de Sabadell. S.A.
Andrés Bolumburu CámaraBanco de Sabadell. S.A.
Carlos Javier Treviño PeinadorBanco Santander