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Indra Sistemas

OTCPK:ISMA.F
Snowflake Description

Fair value with mediocre balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
ISMA.F
OTCPK
€2B
Market Cap
  1. Home
  2. US
  3. Software
Company description

Indra Sistemas, S.A. designs, develops, produces, integrates, operates, maintains, repairs, and sells information technology systems, and solutions and products in Spain, the United States, Europe, Asia, the Middle East, and Africa. The last earnings update was 18 days ago. More info.


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ISMA.F Share Price and Events
7 Day Returns
0%
OTCPK:ISMA.F
3%
US IT
2.4%
US Market
1 Year Returns
-
OTCPK:ISMA.F
15.5%
US IT
1.9%
US Market
ISMA.F Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Indra Sistemas (ISMA.F) 0% 0% - - - -44.7%
US IT 3% 4.7% 19.4% 15.5% 79.7% 94.9%
US Market 2.4% 1.7% 11.9% 1.9% 38.2% 42.4%
1 Year Return vs Industry and Market
  • No trading data on ISMA.F.
  • No trading data on ISMA.F.
Price Volatility
ISMA.F
Industry
5yr Volatility vs Market

ISMA.F Value

 Is Indra Sistemas undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Indra Sistemas to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data    Our intrinsic value calculation method has changed recently, learn more here.

Below are the data sources, inputs and calculation used to determine the intrinsic value for Indra Sistemas.

OTCPK:ISMA.F Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 18 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 14.8%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for OTCPK:ISMA.F
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 8.2%
IT Unlevered Beta Simply Wall St/ S&P Global 1.06
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.063 (1 + (1- 25%) (80.31%))
1.472
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.47
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.472 * 8.18%)
14.77%

Discounted Cash Flow Calculation for OTCPK:ISMA.F using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Indra Sistemas is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

OTCPK:ISMA.F DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 14.77%)
2019 149.75 Analyst x9 130.48
2020 174.98 Analyst x10 132.84
2021 184.97 Analyst x5 122.36
2022 205.30 Analyst x2 118.33
2023 165.80 Analyst x1 83.27
2024 166.70 Est @ 0.54% 72.95
2025 168.70 Est @ 1.2% 64.32
2026 171.50 Est @ 1.66% 56.97
2027 174.89 Est @ 1.98% 50.62
2028 178.75 Est @ 2.2% 45.08
Present value of next 10 years cash flows €877.22
OTCPK:ISMA.F DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= €178.75 × (1 + 2.73%) ÷ (14.77% – 2.73%)
€1,525.34
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €1,525.34 ÷ (1 + 14.77%)10
€384.71
OTCPK:ISMA.F Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €877.22 + €384.71
€1,261.94
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €1,261.94 / 176.65
€7
OTCPK:ISMA.F Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in OTCPK:ISMA.F represents 0.98029x of BME:IDR
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.98029x
Value per Share
(Listing Adjusted, USD)
= Value per Share (EUR) x Listing Adjustment Factor
= € 7.14 x 0.98029
$7.00
Value per share (USD) From above. $7.00
Current discount Discount to share price of $9.68
= -1 x ($9.68 - $7.00) / $7.00
-38.2%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Indra Sistemas is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Indra Sistemas's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Indra Sistemas's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:ISMA.F PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in EUR €0.68
BME:IDR Share Price ** BME (2019-01-16) in EUR €9.88
United States of America IT Industry PE Ratio Median Figure of 78 Publicly-Listed IT Companies 30.16x
United States of America Market PE Ratio Median Figure of 3,055 Publicly-Listed Companies 17.61x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Indra Sistemas.

OTCPK:ISMA.F PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BME:IDR Share Price ÷ EPS (both in EUR)

= 9.88 ÷ 0.68

14.52x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Indra Sistemas is good value based on earnings compared to the US IT industry average.
  • Indra Sistemas is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Indra Sistemas's expected growth come at a high price?
Raw Data
OTCPK:ISMA.F PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 14.52x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 18 Analysts
12.3%per year
United States of America IT Industry PEG Ratio Median Figure of 64 Publicly-Listed IT Companies 2.43x
United States of America Market PEG Ratio Median Figure of 2,109 Publicly-Listed Companies 1.48x

*Line of best fit is calculated by linear regression .

OTCPK:ISMA.F PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 14.52x ÷ 12.3%

1.18x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Indra Sistemas is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Indra Sistemas's assets?
Raw Data
OTCPK:ISMA.F PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in EUR €3.72
BME:IDR Share Price * BME (2019-01-16) in EUR €9.88
United States of America IT Industry PB Ratio Median Figure of 122 Publicly-Listed IT Companies 4.33x
United States of America Market PB Ratio Median Figure of 5,152 Publicly-Listed Companies 1.87x
OTCPK:ISMA.F PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BME:IDR Share Price ÷ Book Value per Share (both in EUR)

= 9.88 ÷ 3.72

2.66x

* Primary Listing of Indra Sistemas.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Indra Sistemas is good value based on assets compared to the US IT industry average.
X
Value checks
We assess Indra Sistemas's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the IT industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the IT industry average (and greater than 0)? (1 check)
  5. Indra Sistemas has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

ISMA.F Future Performance

 How is Indra Sistemas expected to perform in the next 1 to 3 years based on estimates from 18 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
12.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Indra Sistemas expected to grow at an attractive rate?
  • Indra Sistemas's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Indra Sistemas's earnings growth is positive but not above the United States of America market average.
  • Indra Sistemas's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
OTCPK:ISMA.F Future Growth Rates Data Sources
Data Point Source Value (per year)
OTCPK:ISMA.F Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 18 Analysts 12.3%
OTCPK:ISMA.F Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 18 Analysts 1.9%
United States of America IT Industry Earnings Growth Rate Market Cap Weighted Average 15.7%
United States of America IT Industry Revenue Growth Rate Market Cap Weighted Average 9%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.3%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
OTCPK:ISMA.F Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 18 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:ISMA.F Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 3,456 1
2022-12-31 3,419 312 192 2
2021-12-31 3,352 254 177 8
2020-12-31 3,261 256 165 17
2019-12-31 3,185 223 146 13
OTCPK:ISMA.F Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2018-12-31 3,165 264 120
2018-09-30 3,126 165 97
2018-06-30 3,144 237 126
2018-03-31 3,128 255 117
2017-12-31 3,049 247 127
2017-09-30 2,912 250 106
2017-06-30 2,794 173 77
2017-03-31 2,751 187 79
2016-12-31 2,732 237 70
2016-09-30 2,766 255 -32
2016-06-30 2,807 232 -175
2016-03-31 2,811 146 -610

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Indra Sistemas's earnings are expected to grow by 12.3% yearly, however this is not considered high growth (20% yearly).
  • Indra Sistemas's revenue is expected to grow by 1.9% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
OTCPK:ISMA.F Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 18 Analyst Estimates (S&P Global) See Below

All data from Indra Sistemas Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:ISMA.F Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31 1.09 1.09 1.09 1.00
2021-12-31 0.93 1.09 0.72 4.00
2020-12-31 0.90 1.00 0.67 14.00
2019-12-31 0.79 0.90 0.62 15.00
OTCPK:ISMA.F Past Financials Data
Date (Data in EUR Millions) EPS *
2018-12-31 0.68
2018-09-30 0.55
2018-06-30 0.71
2018-03-31 0.67
2017-12-31 0.74
2017-09-30 0.63
2017-06-30 0.47
2017-03-31 0.48
2016-12-31 0.43
2016-09-30 -0.20
2016-06-30 -1.07
2016-03-31 -3.72

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Indra Sistemas is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Indra Sistemas's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Indra Sistemas has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

ISMA.F Past Performance

  How has Indra Sistemas performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Indra Sistemas's growth in the last year to its industry (IT).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Indra Sistemas has delivered over 20% year on year earnings growth in the past 5 years.
  • Indra Sistemas's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Indra Sistemas's 1-year earnings growth is negative, it can't be compared to the US IT industry average.
Earnings and Revenue History
Indra Sistemas's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Indra Sistemas Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:ISMA.F Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 3,165.03 119.76
2018-09-30 3,125.98 97.01 26.18
2018-06-30 3,143.82 125.78 26.18
2018-03-31 3,128.08 116.71 26.18
2017-12-31 3,048.78 126.91 26.18
2017-09-30 2,912.00 106.37 24.93
2017-06-30 2,794.00 77.17 24.93
2017-03-31 2,751.39 79.03 24.93
2016-12-31 2,732.09 69.93 24.93
2016-09-30 2,766.09 -32.29 28.02
2016-06-30 2,807.49 -174.79 28.02
2016-03-31 2,810.69 -609.79 28.02
2015-12-31 2,884.69 -641.19 28.02
2015-09-30 2,980.40 -731.21 30.82
2015-06-30 2,904.75 -587.86 30.82
2015-03-31 2,971.50 -143.01 30.82
2014-12-31 2,997.40 -91.91 30.82
2014-09-30 2,929.27 127.72 32.68
2014-06-30 2,957.01 128.46 32.68
2014-03-31 2,950.27 120.62 32.68
2013-12-31 2,965.77 115.82 32.68
2013-09-30 2,973.11 105.96 33.22
2013-06-30 3,040.58 118.88 33.22
2013-03-31 3,046.91 127.36
2012-12-31 3,037.51 132.66 33.22
2012-09-30 3,000.54 129.50
2012-06-30 2,917.21 137.10
2012-03-31 2,850.84 163.30

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Indra Sistemas has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Indra Sistemas used its assets less efficiently than the US IT industry average last year based on Return on Assets.
  • Indra Sistemas has become profitable over the past 3 years. This is considered to be a significant improvement in its use of capital (Return on Capital Employed).
X
Past performance checks
We assess Indra Sistemas's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the IT industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Indra Sistemas has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

ISMA.F Health

 How is Indra Sistemas's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Indra Sistemas's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Indra Sistemas is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Indra Sistemas's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Indra Sistemas's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 1.7x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Indra Sistemas Company Filings, last reported 2 months ago.

OTCPK:ISMA.F Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 677.69 1,401.00 931.62
2018-09-30 617.70 1,543.30 857.60
2018-06-30 603.82 1,601.97 945.99
2018-03-31 589.70 1,355.30 753.60
2017-12-31 648.93 1,287.33 700.95
2017-09-30 598.50 1,318.30 638.50
2017-06-30 555.24 1,283.90 538.80
2017-03-31 404.00 1,241.60 709.70
2016-12-31 377.96 1,196.71 676.12
2016-09-30 356.30 1,044.90 378.50
2016-06-30 332.06 1,030.63 445.28
2016-03-31 323.90 1,047.80 388.40
2015-12-31 307.65 1,041.29 344.49
2015-09-30 389.80 1,115.00 277.50
2015-06-30 507.89 1,099.81 359.63
2015-03-31 912.60 999.90 258.50
2014-12-31 953.57 956.59 296.72
2014-09-30 1,142.70 1,009.50 283.60
2014-06-30 1,132.32 951.87 308.60
2014-03-31 1,157.30 964.10 356.80
2013-12-31 1,134.66 985.53 365.86
2013-09-30 1,080.80 855.80 149.20
2013-06-30 1,063.41 883.67 247.47
2013-03-31 1,128.40 708.40 74.70
2012-12-31 1,109.62 703.10 75.00
2012-09-30 1,051.20 706.90 46.00
2012-06-30 1,003.50 647.67 62.18
2012-03-31 1,111.00 646.30 96.90
  • Indra Sistemas's level of debt (206.7%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (86.8% vs 206.7% today).
  • Debt is not well covered by operating cash flow (18.8%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 5.7x coverage).
X
Financial health checks
We assess Indra Sistemas's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Indra Sistemas has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

ISMA.F Dividends

 What is Indra Sistemas's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Indra Sistemas dividends. Estimated to be 2.69% next year.
If you bought $2,000 of Indra Sistemas shares you are expected to receive $0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Indra Sistemas's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Indra Sistemas's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
OTCPK:ISMA.F Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 18 Analyst Estimates (S&P Global) See Below
United States of America IT Industry Average Dividend Yield Market Cap Weighted Average of 33 Stocks 1.4%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2004 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

OTCPK:ISMA.F Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31 0.99 1.00
2021-12-31 0.35 5.00
2020-12-31 0.32 11.00
2019-12-31 0.12 12.00
OTCPK:ISMA.F Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2016-02-29 0.000 0.000
2015-11-05 0.000 0.000
2015-10-15 0.000 0.000
2015-07-30 0.000 0.000
2015-07-15 0.000 0.000
2015-05-11 0.000 0.000
2015-05-04 0.000 0.000
2015-02-27 0.000 0.000
2014-05-02 0.340 3.351
2013-04-29 0.340 2.901
2012-05-03 0.680 8.157
2011-03-18 0.680 5.972
2010-05-13 0.660 4.897
2010-01-04 0.660 4.285
2009-11-12 0.610 3.806
2009-07-29 0.610 3.674
2009-05-14 0.610 3.916
2009-03-19 0.610 4.166

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Indra Sistemas has not reported any payouts.
  • Unable to verify if Indra Sistemas's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Indra Sistemas's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Indra Sistemas has not reported any payouts.
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.6x coverage).
X
Income/ dividend checks
We assess Indra Sistemas's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Indra Sistemas afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Indra Sistemas has a total score of 1/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

ISMA.F Management

 What is the CEO of Indra Sistemas's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Fernando Abril-Martorell Hernández
COMPENSATION €7,410,000
AGE 56
TENURE AS CEO 4.2 years
CEO Bio

Mr. Fernando Abril-Martorell Hernández served as the Chief Executive Officer of Indra Sistemas, S.A. Mr. Abril-Martorell Hernández served as Senior Adviser of Credit Suisse Group AG since March 2011. Mr. Abril-Martorell Hernández served as Chief Executive Officer of Promotora de Informaciones, S.A. since July 20, 2012. He served as Deputy Chief Executive Officer and Chief Financial Officer of Promotora de Informaciones, S.A. from April 1, 2011 to July 20, 2012. He served as Chief Financial Officer of Wireless Properties at Portugal Telecom, SGPS S.A. He has been the Chief Operating Officer at Telefónica S.A. since 2000 and served as Chief Executive Officer of Grupo Telefónica from 2000 to 2003. He is responsible for the Group's overall financial strategy including corporate development, as well as those corporate functions seeking efficiencies, synergies and optimisation across the Group. He served as the Chief Executive Officer of Iberia at Credit Suisse AG until March 2011 and served as its Senior Advisor since March 2011. Mr. Abril-Martorell Hernandez joined PRISA from Credit Suisse AG, where he served as Chief Executive Officer of Credit Suisse Spain and Portugal. He served as Chief Executive Officer of Telefónica S.A. from 2000 to 2003. During his tenure at Telefonica, he participated in Telefónica's privatization and oversaw its evolution into a global powerhouse with international growth in Latin America as well as various successful capital market transactions. From 2011 to 2014, he served as the Chief Executive Officer of Grupo Prisa. From 2005 to 2011, he served as the Chief Executive Officer of Credit Suisse in Spain and Portugal. He served as Chief Executive Officer of Telefónica Publicidad e Información from 1999 to 2000. He served as Chief Financial Officer of Telefónica, S.A. from 1997 to 1999. He served as Director-General of Corporate Finance of Telefónica Publicidad e Información from 1997 to 1999. Mr. Abril-Martorell Hernández served as Head of Treasury Department of JP Morgan from 1987 to 1997. He has extensive financial experience, as, along with his 6 years heading up Credit Suisse, he served as Managing Director and Treasurer of JP Morgan in Spain over a 10 year period, prior to joining the Spanish telecoms giant. He has been the Chairman of Indra Sistemas, S.A. since January 29, 2015. He has been a Director of Grupo Prisa SA since June 24, 2011. He has been a Director of Telecomunicações de São Paulo-Telesp since 2001. He serves as an External Director at ENCE Energia y Celulosa SA. He served as a Director of Promotora de Informaciones, S.A since June 24, 2011 to March 27, 2015. He served as an Independent Director of Banca March S.A. He served as a Director of Telefonica Brasil, S.A. since March 4, 2001. He served as a Director of Portugal Telecom, SGPS S.A from 2001 to January 31, 2008 and Cintra Concesiones de Infraestructuras de Transportes SA since 2004. He served as a Director at Telefonica Moviles, S.A. He served as Director of Terra Networks, S.A. He served as External Dominical Director at ENCE Energia y Celulosa SA. Mr. Abril-Martorell Hernández holds a B.A. in Law and B.S. Degree in Business Administration from ICADE (Madrid). He also has graduation in Business Management and Administration by ICADE (Madrid).

CEO Compensation
  • Fernando's compensation has increased by more than 20% in the past year.
  • Fernando's remuneration is higher than average for companies of similar size in United States of America.
Management Team

Fernando Abril-Martorell Hernández

TITLE
Chairman & CEO
COMPENSATION
€7M
AGE
56
TENURE
4.2 yrs

Javier Rodríguez

TITLE
CFO & Corporate GM
TENURE
3.3 yrs

Ezequiel Baquera

TITLE
Head of Investor Relations

Carlos Soria

TITLE
Senior VP for Legal Affairs
AGE
52

Rafael Gallego Carbonell

TITLE
Executive Vice President for Air Traffic & Europe and General Manager for Operations
AGE
64

José Chacón

TITLE
Executive Vice President of Latin America & Spain and General Manager of Operations

José Manuel Arza

TITLE
Executive Vice President of Defense & Security and General Manager of Operations

Cristina Ortega

TITLE
EVP of IT & Digital

Antonio Morando

TITLE
Senior Vice President of Control Management

José Antonio Escalona de Molina

TITLE
Secretary
AGE
56
Board of Directors Tenure

Average tenure and age of the Indra Sistemas board of directors in years:

4.2
Average Tenure
69
Average Age
  • The tenure for the Indra Sistemas board of directors is about average.
Board of Directors

Alberto Miguel Esteban

TITLE
Vice Chairman & Lead Independent Director
COMPENSATION
€142K
AGE
63
TENURE
1.2 yrs

Fernando Abril-Martorell Hernández

TITLE
Chairman & CEO
COMPENSATION
€7M
AGE
56
TENURE
4.2 yrs

Cristina Ortega

TITLE
EVP of IT & Digital
TENURE
1.3 yrs

Ignacio del Barrio

TITLE
Independent Director
COMPENSATION
€164K
AGE
70
TENURE
7.8 yrs

Julian García Vargas

TITLE
Member of the Advisory Board
AGE
73

Sergio Sánchez

TITLE
Member of the Advisory Board
AGE
69

Santiago de Torres

TITLE
Member of the Advisory Board

Emilio Saracho Rodríguez de Torres

TITLE
Member of the Advisory Board
AGE
63

Fernando Fernandez-Tapias

TITLE
Member of the Advisory Board
AGE
79

Luis Díaz

TITLE
Independent Director
COMPENSATION
€120K
AGE
69
TENURE
11.8 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Indra Sistemas insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
06. Mar 19 Buy Alberto Miguel Esteban Individual 01. Mar 19 01. Mar 19 1,534 $11.23 $17,227
06. Mar 19 Buy Miguel Sebastián Gascón Individual 01. Mar 19 01. Mar 19 321 $11.23 $3,605
06. Mar 19 Buy Ignacio del Barrio Individual 01. Mar 19 01. Mar 19 1,791 $11.23 $20,113
06. Mar 19 Buy Cristina Ortega Individual 01. Mar 19 01. Mar 19 876 $11.23 $9,837
06. Mar 19 Buy Maria Urcola Individual 01. Mar 19 01. Mar 19 1,314 $11.23 $14,756
06. Mar 19 Buy Ignacio Mataix Entero Individual 01. Mar 19 01. Mar 19 876 $11.23 $9,837
13. Nov 18 Buy Santos Martínez-Conde Gutiérrez-Barquín Individual 08. Nov 18 08. Nov 18 1,392 $11.12 $15,481
02. Nov 18 Buy Santos Martínez-Conde Gutiérrez-Barquín Individual 14. Sep 18 14. Sep 18 1,333 $13.08 $17,442
31. Jul 18 Buy Santos Martínez-Conde Gutiérrez-Barquín Individual 30. Jul 18 30. Jul 18 867 $12.19 $10,572
06. Mar 19 Buy Santos Martínez-Conde Gutiérrez-Barquín Individual 01. Mar 19 01. Mar 19 1,834 $11.23 $20,596
06. Mar 19 Buy Ignacio Martín Vicente Individual 01. Mar 19 01. Mar 19 1,132 $11.23 $12,712
06. Mar 19 Buy Luis Díaz Individual 01. Mar 19 01. Mar 19 1,572 $11.23 $17,653
06. Mar 19 Buy Silvia Iranzo Gutiérrez Individual 01. Mar 19 01. Mar 19 1,139 $11.23 $12,791
06. Mar 19 Buy Enrique de Leyva Pérez Individual 01. Mar 19 01. Mar 19 1,571 $11.23 $17,642
06. Mar 19 Buy Antonio Delgado Individual 01. Mar 19 01. Mar 19 349 $11.23 $3,919
06. Mar 19 Buy Fernando Abril-Martorell Hernández Individual 01. Mar 19 01. Mar 19 1,702 $11.23 $19,113
01. Mar 19 Buy Cristina Ortega Individual 25. Feb 19 25. Feb 19 2,912 $11.01 $32,054
01. Mar 19 Buy Fernando Abril-Martorell Hernández Individual 25. Feb 19 25. Feb 19 12,335 $11.01 $135,780
13. Nov 18 Buy Fernando Abril-Martorell Hernández Individual 08. Nov 18 08. Nov 18 1,293 $11.12 $14,380
13. Nov 18 Buy Alberto Miguel Esteban Individual 08. Nov 18 08. Nov 18 1,165 $11.12 $12,956
13. Nov 18 Buy Ignacio del Barrio Individual 08. Nov 18 08. Nov 18 1,359 $11.12 $15,114
13. Nov 18 Buy Cristina Ortega Individual 08. Nov 18 08. Nov 18 666 $11.12 $7,407
13. Nov 18 Buy Maria Urcola Individual 08. Nov 18 08. Nov 18 998 $11.12 $11,099
13. Nov 18 Buy Adolfo Menéndez Menéndez Individual 08. Nov 18 08. Nov 18 1,059 $11.12 $11,777
13. Nov 18 Buy Ignacio Mataix Entero Individual 08. Nov 18 08. Nov 18 665 $11.12 $7,396
13. Nov 18 Buy Ignacio Martín Vicente Individual 08. Nov 18 08. Nov 18 860 $11.12 $9,564
13. Nov 18 Buy Luis Díaz Individual 08. Nov 18 08. Nov 18 1,192 $11.12 $13,257
13. Nov 18 Buy Silvia Iranzo Gutiérrez Individual 08. Nov 18 08. Nov 18 865 $11.12 $9,620
13. Nov 18 Buy Enrique de Leyva Pérez Individual 08. Nov 18 08. Nov 18 1,193 $11.12 $13,268
13. Nov 18 Buy Juan Carlos Perez Individual 08. Nov 18 08. Nov 18 993 $11.12 $11,043
31. Jul 18 Buy Fernando Abril-Martorell Hernández Individual 30. Jul 18 30. Jul 18 804 $12.19 $9,804
31. Jul 18 Buy Alberto Miguel Esteban Individual 30. Jul 18 30. Jul 18 727 $12.19 $8,865
31. Jul 18 Buy Ignacio del Barrio Individual 30. Jul 18 30. Jul 18 846 $12.19 $10,316
31. Jul 18 Buy Cristina Ortega Individual 30. Jul 18 30. Jul 18 415 $12.19 $5,061
31. Jul 18 Buy Maria Urcola Individual 30. Jul 18 30. Jul 18 623 $12.19 $7,597
31. Jul 18 Buy Adolfo Menéndez Menéndez Individual 30. Jul 18 30. Jul 18 659 $12.19 $8,036
31. Jul 18 Buy Ignacio Mataix Entero Individual 30. Jul 18 30. Jul 18 415 $12.19 $5,061
31. Jul 18 Buy Ignacio Martín Vicente Individual 30. Jul 18 30. Jul 18 263 $12.19 $3,207
31. Jul 18 Buy Luis Díaz Individual 30. Jul 18 30. Jul 18 742 $12.19 $9,048
31. Jul 18 Buy Silvia Iranzo Gutiérrez Individual 30. Jul 18 30. Jul 18 540 $12.19 $6,585
31. Jul 18 Buy Enrique de Leyva Pérez Individual 30. Jul 18 30. Jul 18 742 $12.19 $9,048
31. Jul 18 Buy Juan Carlos Perez Individual 30. Jul 18 30. Jul 18 617 $12.19 $7,524
17. May 18 Buy Alberto Miguel Esteban Individual 15. May 18 15. May 18 1,012 $13.30 $13,461
17. May 18 Buy Ignacio del Barrio Individual 15. May 18 15. May 18 1,180 $13.30 $15,695
17. May 18 Buy Cristina Ortega Individual 15. May 18 15. May 18 578 $13.30 $7,688
17. May 18 Buy Maria Urcola Individual 15. May 18 15. May 18 868 $13.30 $11,545
17. May 18 Buy Adolfo Menéndez Menéndez Individual 15. May 18 15. May 18 921 $13.30 $12,250
17. May 18 Buy Ignacio Mataix Entero Individual 15. May 18 15. May 18 579 $13.30 $7,701
17. May 18 Buy Santos Martínez-Conde Gutiérrez-Barquín Individual 15. May 18 15. May 18 1,036 $13.30 $13,780
17. May 18 Buy Luis Díaz Individual 15. May 18 15. May 18 862 $13.30 $11,465
17. May 18 Buy Daniel Peman Individual 15. May 18 15. May 18 921 $13.30 $12,250
17. May 18 Buy Silvia Iranzo Gutiérrez Individual 15. May 18 15. May 18 752 $13.30 $10,002
17. May 18 Buy Enrique de Leyva Pérez Individual 15. May 18 15. May 18 1,036 $13.30 $13,780
17. May 18 Buy Juan Carlos Perez Individual 15. May 18 15. May 18 863 $13.30 $11,479
17. May 18 Buy Fernando Abril-Martorell Hernández Individual 15. May 18 15. May 18 1,123 $13.30 $14,937
X
Management checks
We assess Indra Sistemas's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Indra Sistemas has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

ISMA.F News

Simply Wall St News

ISMA.F Company Info

Description

Indra Sistemas, S.A. designs, develops, produces, integrates, operates, maintains, repairs, and sells information technology systems, and solutions and products in Spain, the United States, Europe, Asia, the Middle East, and Africa. It operates through Transport and Defense; and Information Technologies segments. The company offers systems and solutions for facility surveillance and security control; equipment, devices, and systems for data communication, encryption systems, encryption, beacon, and command and control center security; systems for land, marine, and railway transport and traffic sectors, as well as for electoral processes; defense systems; information system and telecommunication development projects; navigation, landing, and air traffic control systems; simulators. It also provides technical architecture and engineering services; data processing and technical assistance in systems analysis; development and implementation services for computer equipment programs; document and mortgage management services; digitalization and data capture management services; civil engineering and consulting services; and back-office BPO management services for financial entities. In addition, the company is involved in the engineering and maintenance of air defense and other related systems; studying, promoting, developing, and executing projects in environmental and energy production areas; consulting, training, and coaching services for airlines and pilots; and equipment for toll management/traffic control systems. Further, it provides business and management consultancy, technology consultancy, and training services; professional consultancy and advisory services; and credit card processing services. The company serves the defense and security, transport and traffic, energy and industry, financial services, telecommunications and media, and public and healthcare authorities. Indra Sistemas, S.A. was founded in 1921 and is headquartered in Alcobendas, Spain.

Details
Name: Indra Sistemas, S.A.
ISMA.F
Exchange: OTCPK
Founded: 1921
€1,977,399,931
176,654,402
Website: http://www.indracompany.com
Address: Indra Sistemas, S.A.
Avenida de Bruselas, 35,
Alcobendas,
Madrid, 28108,
Spain
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BME IDR Series A Ordinary Shares Bolsas y Mercados Espanoles ES EUR 02. Jan 1992
OTCPK ISMA.F Series A Ordinary Shares Pink Sheets LLC US USD 02. Jan 1992
DB IDA Series A Ordinary Shares Deutsche Boerse AG DE EUR 02. Jan 1992
LSE 0HA9 Series A Ordinary Shares London Stock Exchange GB EUR 02. Jan 1992
WBAG IDR Series A Ordinary Shares Wiener Boerse AG AT EUR 02. Jan 1992
BATS-CHIXE IDRE Series A Ordinary Shares BATS 'Chi-X Europe' GB EUR 02. Jan 1992
OTCPK ISMA.Y ADR Pink Sheets LLC US USD 23. Oct 2008
Number of employees
Current staff
Staff numbers
42,858
Indra Sistemas employees.
Industry
IT Consulting and Other Services
Software
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/18 23:49
End of day share price update: 2019/01/16 00:00
Last estimates confirmation: 2019/03/14
Last earnings filing: 2019/02/28
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.