BIT:INC

Stock Analysis Report

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Executive Summary

Innovatec S.p.A. provides technologies, products, and services in the areas of energy efficiency and energy storage in Italy. More Details


Snowflake Analysis

Flawless balance sheet and overvalued.

Share Price & News

How has Innovatec's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: INC is more volatile than 90% of Italian stocks over the past 3 months, typically moving +/- 11% a week.

Volatility Over Time: INC's weekly volatility (11%) has been stable over the past year, but is still higher than 75% of Italian stocks.


Market Performance


7 Day Return

-4.6%

INC

0.5%

IT Electrical

-2.2%

IT Market


1 Year Return

-9.4%

INC

29.7%

IT Electrical

-12.1%

IT Market

Return vs Industry: INC underperformed the Italian Electrical industry which returned 29.7% over the past year.

Return vs Market: INC exceeded the Italian Market which returned -12.1% over the past year.


Shareholder returns

INCIndustryMarket
7 Day-4.6%0.5%-2.2%
30 Day-15.7%-0.5%-1.2%
90 Day57.4%13.7%12.1%
1 Year-9.4%-9.4%31.8%29.7%-9.3%-12.1%
3 Year174.1%174.1%4.3%-4.7%-6.4%-16.1%
5 Year9.3%-87.1%62.9%33.4%25.2%-2.5%

Long-Term Price Volatility Vs. Market

How volatile is Innovatec's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Innovatec undervalued compared to its fair value and its price relative to the market?

26.65x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: INC (€0.73) is trading above our estimate of fair value (€0.04)

Significantly Below Fair Value: INC is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: INC is good value based on its PE Ratio (26.7x) compared to the XE Electrical industry average (31.3x).

PE vs Market: INC is poor value based on its PE Ratio (26.7x) compared to the Italian market (20x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate INC's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: INC is overvalued based on its PB Ratio (3.8x) compared to the IT Electrical industry average (2x).


Next Steps

Future Growth

How is Innovatec forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

27.9%

Forecasted Capital Goods industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Innovatec has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Innovatec performed over the past 5 years?

47.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: INC has a high level of non-cash earnings.

Growing Profit Margin: INC's current net profit margins (6.4%) are lower than last year (34%).


Past Earnings Growth Analysis

Earnings Trend: INC has become profitable over the past 5 years, growing earnings by 47% per year.

Accelerating Growth: INC's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: INC had negative earnings growth (-82.1%) over the past year, making it difficult to compare to the Electrical industry average (-4.7%).


Return on Equity

High ROE: INC's Return on Equity (14.2%) is considered low.


Next Steps

Financial Health

How is Innovatec's financial position?


Financial Position Analysis

Short Term Liabilities: INC's short term assets (€22.1M) exceed its short term liabilities (€16.7M).

Long Term Liabilities: INC's short term assets (€22.1M) exceed its long term liabilities (€5.2M).


Debt to Equity History and Analysis

Debt Level: INC's debt to equity ratio (11.6%) is considered satisfactory.

Reducing Debt: INC's debt to equity ratio has reduced from 161.3% to 11.6% over the past 5 years.

Debt Coverage: INC's debt is well covered by operating cash flow (125.4%).

Interest Coverage: INC's interest payments on its debt are well covered by EBIT (33.4x coverage).


Balance Sheet


Next Steps

Dividend

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


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.


Current Payout to Shareholders

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


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of INC's dividend in 3 years as they are not forecast to pay a notable one for the Italian market.


Next Steps

Management

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


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 President of Board of Directors and Chief Executive Officer at Innovatec S.p.A.


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 26.5%.


Top Shareholders

Company Information

Innovatec S.p.A.'s company bio, 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
  • Market Cap: €62.706m
  • Shares outstanding: 86.49m
  • Website: https://www.innovatec.it

Location

  • Innovatec S.p.A.
  • Via G. Bensi 12/3
  • Milan
  • Milan
  • 20152
  • Italy

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
INCBIT (Borsa Italiana)YesCommon StockITEURDec 2013
5JTDB (Deutsche Boerse AG)YesCommon StockDEEURDec 2013

Biography

Innovatec S.p.A. provides technologies, products, and services in the areas of energy efficiency and energy storage in Italy. It operates in the renewable energy sector serving corporate and retail custome...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/24 18:34
End of Day Share Price2021/01/22 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.