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INC

Innovatec BIT:INC Stock Report

Last Price

€1.62

Market Cap

€154.6m

7D

-5.9%

1Y

154.7%

Updated

02 Jul, 2022

Data

Company Financials +
INC fundamental analysis
Snowflake Score
Valuation3/6
Future Growth6/6
Past Performance6/6
Financial Health6/6
Dividends0/6

INC Stock Overview

Innovatec S.p.A. provides technologies, products, and services in the areas of energy efficiency and renewable energy sector in Italy.

Innovatec Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Innovatec
Historical stock prices
Current Share Price€1.62
52 Week High€2.53
52 Week Low€0.58
Beta0.90
1 Month Change-21.51%
3 Month Change-29.44%
1 Year Change154.72%
3 Year Change1,155.81%
5 Year Change478.57%
Change since IPO-90.99%

Recent News & Updates

May 17
At €2.14, Is It Time To Put Innovatec S.p.A. (BIT:INC) On Your Watch List?

At €2.14, Is It Time To Put Innovatec S.p.A. (BIT:INC) On Your Watch List?

Innovatec S.p.A. ( BIT:INC ), is not the largest company out there, but it led the BIT gainers with a relatively large...

Shareholder Returns

INCIT ElectricalIT Market
7D-5.9%-4.0%-2.7%
1Y154.7%-11.6%-17.1%

Return vs Industry: INC exceeded the Italian Electrical industry which returned -11.6% over the past year.

Return vs Market: INC exceeded the Italian Market which returned -17.1% over the past year.

Price Volatility

Is INC's price volatile compared to industry and market?
INC volatility
INC Average Weekly Movement6.5%
Electrical Industry Average Movement5.7%
Market Average Movement5.1%
10% most volatile stocks in IT Market7.3%
10% least volatile stocks in IT Market3.3%

Stable Share Price: INC is more volatile than 75% of Italian stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: INC's weekly volatility (6%) has been stable over the past year, but is still higher than 75% of Italian stocks.

About the Company

FoundedEmployeesCEOWebsite
n/a260Roberto Maggiohttps://www.innovatec.it

Innovatec S.p.A. provides technologies, products, and services in the areas of energy efficiency and renewable energy sector in Italy. The company is headquartered in Milan, Italy. Innovatec S.p.A. is a subsidiary of Gruppo Waste Italia S.p.A.

Innovatec Fundamentals Summary

How do Innovatec's earnings and revenue compare to its market cap?
INC fundamental statistics
Market Cap€154.62m
Earnings (TTM)€6.37m
Revenue (TTM)€141.53m

24.3x

P/E Ratio

1.1x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
INC income statement (TTM)
Revenue€141.53m
Cost of Revenue€90.18m
Gross Profit€51.35m
Other Expenses€44.98m
Earnings€6.37m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.067
Gross Margin36.28%
Net Profit Margin4.50%
Debt/Equity Ratio90.4%

How did INC perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is INC undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for INC?

Other financial metrics that can be useful for relative valuation.

INC key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue1.1x
Enterprise Value/EBITDA6.1x
PEG Ratio0.6x

Price to Earnings Ratio vs Peers

How does INC's PE Ratio compare to its peers?

INC PE Ratio vs Peers
The above table shows the PE ratio for INC vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average12.9x
EDAC EdiliziAcrobatica
10x16.5%€110.6m
CNS Civitanavi Systems
25.2x19.2%€123.0m
SCK Sciuker Frames
8.8x15.8%€131.4m
IRC IRCE
7.7x29.1%€59.5m
INC Innovatec
24.3x39.1%€154.6m

Price-To-Earnings vs Peers: INC is expensive based on its Price-To-Earnings Ratio (24.3x) compared to the peer average (12.9x).


Price to Earnings Ratio vs Industry

How does INC's PE Ratio compare vs other companies in the European Electrical Industry?

Price-To-Earnings vs Industry: INC is expensive based on its Price-To-Earnings Ratio (24.3x) compared to the Italian Electrical industry average (19.1x)


Price to Earnings Ratio vs Fair Ratio

What is INC's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

INC PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio24.3x
Fair PE Ratio37x

Price-To-Earnings vs Fair Ratio: INC is good value based on its Price-To-Earnings Ratio (24.3x) compared to the estimated Fair Price-To-Earnings Ratio (37x).


Share Price vs Fair Value

What is the Fair Price of INC when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: INC (€1.62) is trading below our estimate of fair value (€1.99)

Significantly Below Fair Value: INC is trading below fair value, but not by a significant amount.


Price to Earnings Growth Ratio

PEG Ratio: INC is good value based on its PEG Ratio (0.6x)


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Future Growth

How is Innovatec forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

Future Growth Score

6/6

Future Growth Score 6/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


39.1%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: INC's forecast earnings growth (39.1% per year) is above the savings rate (1.7%).

Earnings vs Market: INC's earnings (39.1% per year) are forecast to grow faster than the Italian market (10.1% per year).

High Growth Earnings: INC's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: INC's revenue (26.7% per year) is forecast to grow faster than the Italian market (0.3% per year).

High Growth Revenue: INC's revenue (26.7% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: INC's Return on Equity is forecast to be high in 3 years time (31.7%)


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Past Performance

How has Innovatec performed over the past 5 years?

Past Performance Score

6/6

Past Performance Score 6/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


46.5%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: INC has high quality earnings.

Growing Profit Margin: INC's current net profit margins (4.5%) are higher than last year (2.4%).


Past Earnings Growth Analysis

Earnings Trend: INC has become profitable over the past 5 years, growing earnings by 46.5% per year.

Accelerating Growth: INC's earnings growth over the past year (846.1%) exceeds its 5-year average (46.5% per year).

Earnings vs Industry: INC earnings growth over the past year (846.1%) exceeded the Electrical industry 55%.


Return on Equity

High ROE: INC's Return on Equity (21.9%) is considered high.


Discover strong past performing companies

Financial Health

How is Innovatec's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: INC's short term assets (€103.0M) exceed its short term liabilities (€85.7M).

Long Term Liabilities: INC's short term assets (€103.0M) exceed its long term liabilities (€66.6M).


Debt to Equity History and Analysis

Debt Level: INC has more cash than its total debt.

Reducing Debt: INC had negative shareholder equity 5 years ago, but is now positive and has therefore improved.

Debt Coverage: INC's debt is well covered by operating cash flow (95.5%).

Interest Coverage: INC's interest payments on its debt are well covered by EBIT (42.8x coverage).


Balance Sheet


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Dividend

What is Innovatec current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage

Dividend Yield vs Market

Notable Dividend: Unable to evaluate INC's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate INC's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if INC's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if INC's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as INC has not reported any payouts.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

1.4yrs

Average board tenure


CEO

Roberto Maggio

no data

Tenure

Mr. Roberto Maggio serves as a Director of Waste Italia S.p.A. and Innovatec S.p.A. He is Director and Chief Executive Officer at Innovatec S.p.A and was its President of the Board until 2021.


Board Members

Experienced Board: INC's board of directors are not considered experienced ( 1.4 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 10.4%.


Top Shareholders

Company Information

Innovatec S.p.A.'s employee growth, exchange listings and data sources


Key Information

  • Name: Innovatec S.p.A.
  • Ticker: INC
  • Exchange: BIT
  • Founded: NaN
  • Industry: Heavy Electrical Equipment
  • Sector: Capital Goods
  • Implied Market Cap: €154.622m
  • Shares outstanding: 95.45m
  • Website: https://www.innovatec.it

Number of Employees


Location

  • Innovatec S.p.A.
  • Via Giovanni Bensi 12/5
  • Milan
  • Milan
  • 20152
  • Italy

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/07/02 00:00
End of Day Share Price2022/07/01 00:00
Earnings2021/12/31
Annual Earnings2021/12/31


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 here.