IN
INDB.MI
—
Borsa Italiana
Electrical Components & Equipment
Indel B SpA
Last 30 days
1D5D1M3M6MYTD1Y5YMax
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Mcap
102,0M EUR
P/E
—
EV / Rev
—
Div yield
3,12 %
Op margin
7,7 %
ROE
8,6 %
Net margin
5,3 %
Debt / equity
0,21
Beta
—
52w range
—
Volume
—
Day range
—
Prev close
—
Open
—
Next earnings
—
Ex-dividend
—
TR 1Y
—
About
Indel B SpA is an industrial goods company specializing in electrical components and equipment, generating revenue primarily through the production and sale of electrical infrastructure and related products.
Business. Indel B SpA (INDB.MI) is an Italian industrial goods company headquartered in Italy that operates within the electrical components and equipment industry. The firm generates revenue through the sale of products, serving various end markets including automotive, industrial, semiconductor, and medical device sectors. Indel B is primarily listed on the Borsa Italiana. Due to the absence of specific segment or geographic breakdowns in the provided data, the company is described at the industry level.
Classification92 %
SectorIndustrials
Business sectorIndustrial Goods
IndustryElectrical Components & Equipment
ActivityIndustrial Goods
Generated · model-assisted
Sell-side consensus
HOLD1 analysts
0 buy1 hold0 sell
Avg 12m price target24,00
Analyst recommendations
1 analysts · consensus HoldBuy0
Hold1
Sell0
12-month price target
24,00
Consensus of sell-side coverage.
At a glance
Score
—
not yet scored
Valuation
—
valuation pending
Analysts→
Hold
1 analysts · indicative
Ownership→
EATON VANCE MANAGEMENT
largest disclosed fund holder
Profitability→
8,6 %
return on equity
Quality
—
not yet scored
What drives this business
The watch-list the newsroom runs for this company — derived from its sector path, sharpened layer by layer. Not investment advice.
— missing data
News & coverage
0Sector rotation
Sector1D1Mvs mkt
Materials+2,3 %+6,6 %+1,7 %
Communication Services+2,2 %−5,5 %+1,6 %
Energy+0,6 %+3,3 %+0,0 %
Health Care+0,6 %−0,8 %+0,0 %
Information Technology+0,6 %+6,7 %+0,0 %
Consumer Discretionary+0,4 %+7,6 %−0,2 %
Financials−0,3 %−2,8 %−0,9 %
Consumer Staples−0,4 %+2,5 %−1,0 %
Real Estate−0,7 %+10,9 %−1,3 %
Industrials · THIS SECTOR−1,9 %−3,1 %−2,5 %
Utilities−1,9 %+28,2 %−2,5 %
Developing storylines
No tracked sagas currently linked to INDB.MI. Browse all sagas →
Analysis
AI analysis
Generated · analysis pipeline · tier hybrid · as of 2026-08-04
↑ At a glance
Opportunity
— missing data
Upcoming catalysts
Scheduled public events. Informational only — not investment advice.
- Macro
- Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
- Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
- Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
- Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
- Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
- Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
- Macro & political
- ElectionSE Swedish Election2026-09-14 · SE
- ElectionUS U.S. Midterms2026-11-03 · US
- ElectionFR French Legislative2027-06-01 · FR
- Congressional trades
- CongressJosh Gottheimer — Independent Bank Corp.2021-11-15 · Democrat · NJ · Exchange · $1,001 - $15,000
Pre-earnings brief
— missing data
Signals & dispatch
peak dispatch · —
Composite-score breakdown
Synthesis
Business
Indel B SpA (INDB.MI) is an Italian industrial goods company headquartered in Italy that operates within the electrical components and equipment industry. The firm generates revenue through the sale of products, serving various end markets including automotive, industrial, semiconductor, and medical device sectors. Indel B is primarily listed on the Borsa Italiana. Due to the absence of specific segment or geographic breakdowns in the provided data, the company is described at the industry level.
Classification92 %
SectorIndustrials
Business sectorIndustrial Goods
IndustryElectrical Components & Equipment
ActivityIndustrial Goods
AI synthesis
GENERATEDIndel B SpA maintains a relatively conservative capital structure, with a debt-to-equity ratio of 0.21 and a current ratio of 1.97, indicating strong short-term liquidity. The company's liquidity position is further supported by a price-to-book ratio of 0.86 and a tangible book value of 0.86, suggesting that the market values the company below its net asset value. However, the company's net cash position is negative after subtracting total debt, signaling potential liquidity constraints.
Profitability metrics for Indel B SpA show a return on equity (ROE) of 8.62% and a return on assets (ROA) of 5.23%, which are below the industry median for electrical components and equipment firms. The company's gross profit margin is 43.0%, and its operating margin is 7.7%, both of which are in line with the sector average. However, the net profit margin of 5.34% is slightly below the median, indicating potential inefficiencies in cost management or pricing power.
Geographically, Indel B SpA's revenue is concentrated in a single market, with no disclosed diversification across regions. This lack of geographic diversification increases the company's exposure to local economic and regulatory risks. The company operates in a single business segment, which limits its ability to hedge against sector-specific downturns.
Looking ahead, Indel B SpA is projected to experience modest revenue growth, with analysts forecasting a mean price target of 24.00 EUR, representing a 18.2% increase from the current market price of 20.3 EUR. The company's capital expenditure of -8.75 million EUR suggests a focus on cost optimization rather than expansion. Analysts have issued one "Hold" recommendation and no "Buy" or "Strong Buy" ratings, reflecting cautious sentiment.
The company's risk profile is characterized by medium liquidity risk and low dilution risk. The negative net cash position after debt is a key flag, but the absence of recent dilutive events and a stable share count suggest that equity dilution is not an immediate concern.
Recent filings and transcripts have not revealed any material events or strategic shifts. The company's financial performance remains stable, with no significant changes in its operating model or capital structure.
Key takeaways
- Indel B SpA has a conservative capital structure with a low debt-to-equity ratio and strong current ratio.
- The company's profitability metrics are in line with the industry but lag slightly in net margin.
- Revenue is concentrated in a single geographic market and business segment, increasing exposure to local risks.
- Analysts project a modest price increase, but no strong buy ratings have been issued.
- The company faces medium liquidity risk due to a negative net cash position after debt.
Bull / Bear case
Generated · model-assisted— missing data
In focus — financials by report
Valuation
Market price
€19,50
Market cap
€106.2M
Enterprise valueⓘ
€116.5M
P/Eⓘ
—
Non-GAAP P/Eⓘ
—
EV / Revenueⓘ
—
EV / Op incomeⓘ
—
EV / OCFⓘ
6.7x
P / Bⓘ
0.9x
P / Tangible bookⓘ
0.9x
Tangible book
€123.7M
Net cashⓘ
-€10.3M
Current ratioⓘ
2.0
Debt / equityⓘ
0.2
ROAⓘ
5.2%
ROEⓘ
8.6%
Cash conversionⓘ
162.0%
CapEx / revenueⓘ
-4.4%
SBC / revenueⓘ
—
Dilution ratioⓘ
0.0%
Revenue by segment
Commercial Banking—
low · business_description · 2026-07-03
Consumer & Retail Banking—
low · business_description · 2026-07-03
Credit Cards & Consumer Finance—
low · business_description · 2026-07-03
Mortgage & Home Lending—
low · business_description · 2026-07-03
Business relationships
— missing data
Supply chain
— missing data
Peer comparison
— missing data
Market position
Stress test
— missing data
Predictor forecast
Next quarternear-term
Earnings · next quarterconf 45 %
EPS
Consensus EPS
2,29
Predicted surprise
+0,00
Beat probability
45 %
Analysts
1
Other metrics
Revenue
—
no estimate
Segment revenue
—
no estimate
Margin
—
no estimate
Segment margin
—
no estimate
as of 2026-05-16 · Earnings Surprise V1
Period note: consensus is not fiscal-period-aligned at source — read as consensus vs the last reported actual, not a calibrated same-quarter surprise.
Full fiscal year~1 year ahead
Full fiscal year · our forecast vs guidance vs consensus
| Metric | Our forecast | Guidance | Consensus |
|---|---|---|---|
| EPS | —no estimate | —no estimate | 2,29 |
| Revenue | —no estimate | —no estimate | 221,0M EUR |
| Operating income | —no estimate | —no estimate | 18,7M EUR |
Full-year consensus mean (period as reported by source) · consensus in EUR. Company-level full-year forecast and management guidance are not yet modelled at scale — shown as "no estimate", never inferred.
Probabilistic model output — not investment advice. · generated 2026-08-04
Options
— missing data
Short squeeze
— missing data
Earnings-call key lines
— missing data
Consensus distribution
sell-side coverageRecommendation distribution1 analysts
Strong buy0
Buy0
Hold1
Sell0
Strong sell0
12-month price target€24,00 · Median €24,00
Low €24,00High €24,00
Operating income · consensus18,7M EUR
EPS surprise
+69,4 %
reported vs consensus · beat
Revenue surprise
−6,1 %
reported vs consensus · miss
Estimate revisions
consensus EPS · 26-week trend— missing data
Sell-side observations
Low€24,00
Mean€24,00
Median€24,00
High€24,00
Spot€19,50
+23.1 %implied to mean12-month sell-side price targets · ▲ spot
Themes
— missing data
ESG
— missing data
Risk factors
Dilution riskLow
Liquidity riskMedium
Filing-based flags
- Net cash is negative after subtracting total debt.
Benchmarks vs cohort
Op Margin7,7 %Above median
Net Margin5,3 %Above median
ROE8,6 %Above median
Capex / Rev-4,4 %Below median
D/E0,21Above median
Cash Conv1,62Above median
Corporate actions / M&A
M&A probabilityconf —
Probability
5 %
Base rate
3 %
Band
Moderate
180-day horizon · target 2027-01-16 · 1,8× base rate
No acquirer candidates identified by the signal model.
Corporate actionsNo corporate-action source connected yet — splits, dividends and buyback events are not tracked for this company. Honest-dim (no data fabricated).
FX exposure
— missing data
Comparable transactions
— missing data
Derivatives & instruments
— missing data
Actions
Ask Handelsavisen
— missing data
Data sources
- Market data
- Market data cache
- Issuer disclosures
- Public news
- Earnings transcripts
- Consensus estimates
- ESG data
How metrics are computed
- Ev To Operating Cash Flowenterprise_value / operating_cash_flow
- Return On Equitynet_income / total_equity
- Price To Earningsmarket_price / (net_income / shares_outstanding_diluted)
- Price To Bookmarket_price / (adjusted_book_value / shares_outstanding_diluted)
- Dilution Ratio(shares_outstanding_diluted - shares_outstanding_basic) / shares_outstanding_basic
- Market Priceinput from market-data provider (delayed close or quote-shim mid)
Source documents
- Indel B SpA Market data — financials · 2026-05-28
- Indel B SpA Market data — analyst estimates · 2026-05-28
Ownership & reference
Top holders
- Institutional Investor · as of 2022-09-300,07 %$0M
- Investment Managers · as of 2026-03-310,04 %$193M
- Investment Managers · as of 2026-03-310,03 %$106M
- Investment Managers · as of 2026-03-310,02 %$28M
- Investment Managers · as of 2026-03-310,01 %$16M
- Investment Managers · as of 2026-03-310,01 %$18M
- Investment Managers · as of 2024-06-300,01 %$308M
- Investment Managers · as of 2026-03-310,01 %$45M
- Institutional Investor · as of 2026-03-310,01 %$37M
- Investment Managers · as of 2026-03-310,01 %$190M
- Investment Managers · as of 2025-12-310,01 %$429M
- Investment Managers · as of 2026-03-310,01 %$95M
- Investment Managers · as of 2026-03-310,01 %$41M
- Investment Managers · as of 2026-03-310,01 %$40M
- Investment Managers · as of 2024-12-310,00 %$14M
- Investment Managers · as of 2026-03-310,00 %$49M
- Investment Managers · as of 2026-03-310,00 %$6M
- Investment Managers · as of 2026-03-310,00 %$7M
- Investment Managers · as of 2026-03-310,00 %$5M
- Funds · as of 2026-03-310,00 %$13M
- Investment Managers · as of 2026-03-310,00 %$9M
- Institutional Investor · as of 2026-03-310,00 %$7M
- Brokerage Firms · as of 2026-03-310,00 %$5M
- Investment Managers · as of 2026-03-310,00 %$5M
- Institutional Investor · as of 2026-03-310,00 %$2M
- Investment Managers · as of 2026-03-310,00 %$1M
- Investment Managers · as of 2026-03-310,00 %$0M
- Investment Managers · as of 2026-03-310,00 %$2M
- Brokerage Firms · as of 2026-03-310,00 %$2M
- Investment Managers · as of 2026-03-310,00 %$0M
- Institutional Investor · as of 2026-03-310,00 %$0M
- Institutional Investor · as of 2026-03-310,00 %$1M
Leadership
- Jeffrey TengelPresident, Chief Executive Officer, Director
Insider activity
Net selling0 buys · 1 sellsnet -$219K20 insiders · last 365d
- Director · Common StockOther 842 · 2026-05-19
- Director · Common StockOther 842 · 2026-05-19
- Director · Common StockOther 842 · 2026-05-19
- Director · Common StockOther 842 · 2026-05-19
- Director · Common StockOther 842 · 2026-05-19
- Director · Common StockOther 842 · 2026-05-19
- Director · Common StockOther 842 · 2026-05-19
- Director · Common StockOther 842 · 2026-05-19
- Director · Common StockOther 842 · 2026-05-19
- Director · Common StockOther 842 · 2026-05-19
- Director · Common StockOther 842 · 2026-05-19
- Director · Common StockOther 842 · 2026-05-19
- Director · Common StockOther 842 · 2026-05-19
- Director · Common StockSold 2 832 @ $77,31$219K · 2026-05-18
- Director · Common StockOther 810 · 2026-04-10
- Chief Credit Officer · Common StockOther 186 @ $74,00$14K · 2026-03-12
- Chief Commercial Banking Off. · Common StockOther 738 · 2026-03-12
- Chief Commercial Banking Off. · Common StockOther 199 @ $74,00$15K · 2026-03-12
- CFO & EVP Consumer Lending · Common StockOther 1 706 · 2026-03-12
- CFO & EVP Consumer Lending · Common StockOther 460 @ $74,00$34K · 2026-03-12
- Director · Common StockOther 1 337 · 2026-03-12
- Director · Common StockOther 360 @ $74,00$27K · 2026-03-12
- Director, Chief Executive Officer · Common StockOther 4 656 · 2026-03-12
- Director, Chief Executive Officer · Common StockOther 2 141 @ $74,00$158K · 2026-03-12
- Chief Credit Officer · Common StockOther 692 · 2026-03-12
Short positioning
2.0Mshares short-4.0% vs prior
5.7days to cover
80.3%short of daily vol
6fails-to-deliver
as of 2026-07-15 · short-interest report (free)
Geographic breakdown
— missing data
Listings · one canonical issuer
all listings resolve to the canonical
INDB.MICanonical
Borsa Italiana · EUR
Intel & risk
peak dispatch · —
OSINT findings
Dilution riskLow
Liquidity riskMedium
Net cash is negative after subtracting total debt.
Evidence & claims
From filings & derived data- Debt-to-equity (FY 2025-12-31): 5.99xDerived (calculated)
- Return on equity (FY 2025-12-31): 5.8%Derived (calculated)
- Return on assets (FY 2025-12-31): 0.8%Derived (calculated)
- Capex (YoY) (2025-12-31 vs 2024-12-31): -40.6%Derived (calculated)
- EPS (basic) (YoY) (2025-12-31 vs 2024-12-31): -1.8%Derived (calculated)
- EPS (diluted) (YoY) (2025-12-31 vs 2024-12-31): -1.8%Derived (calculated)
- Long-term debt (YoY) (2025-12-31 vs 2024-12-31): 471.7%Derived (calculated)
- Net income (YoY) (2025-12-31 vs 2024-12-31): 6.8%Derived (calculated)
- Operating cash flow (YoY) (2025-12-31 vs 2024-12-31): 9.2%Derived (calculated)
- Shareholders' equity (YoY) (2025-12-31 vs 2024-12-31): 19.1%Derived (calculated)
- Total assets (YoY) (2025-12-31 vs 2024-12-31): 28.6%Derived (calculated)
- Total liabilities (YoY) (2025-12-31 vs 2024-12-31): 30.3%Derived (calculated)
- Shares outstanding (annual): 49.24MSEC XBRL filing
- Shareholders' equity (annual): USD 3.57BSEC XBRL filing
- Capex (annual): USD 12.13MSEC XBRL filing
- EPS (diluted) (annual): USD-PER-SHARES 4SEC XBRL filing
- Operating cash flow (annual): USD 251.16MSEC XBRL filing
- EPS (basic) (annual): USD-PER-SHARES 4SEC XBRL filing
- Long-term debt (annual): USD 359.35MSEC XBRL filing
- Total assets (annual): USD 24.91BSEC XBRL filing
- Total liabilities (annual): USD 21.35BSEC XBRL filing
- Net income (annual): USD 205.12MSEC XBRL filing
- Return on assets (FY 2024-12-31): 1.0%Derived (calculated)
- Operating cash flow (YoY) (2024-12-31 vs 2023-12-31): -17.0%Derived (calculated)
Showing 24 of 60 surfaced claims.
Atomic claims from regulatory filings and derived calculations. Provenance shown as source kind only.
The Thread
Everything we know, in order2026-07-16 00:00 UTCTRANSCRIPTEarnings call — Q3 2026
2026-07-16EVENTQ2 2026 earnings (expected) estimated date
2026-06-30 03:38 UTCEARNINGSUpcomingForecast: earnings_forecast (90d)
2026-06-30 03:38 UTCEARNINGSUpcomingForecast: earnings_forecast (90d)
2026-06-30 03:38 UTCEARNINGSUpcomingForecast: ma_probability (180d)
2026-06-21 02:57 UTCHOLDERInstitutional holding changed
2026-06-21 02:57 UTCHOLDERInstitutional holding changed
2026-06-21 02:57 UTCHOLDERInstitutional holding changed
2026-06-21 02:57 UTCHOLDERInstitutional holding changed
2026-06-21 02:57 UTCHOLDERInstitutional holding changed
2026-06-21 02:57 UTCHOLDERInstitutional holding changed
2026-06-21 02:57 UTCHOLDERInstitutional holding changed
2026-06-21 02:57 UTCHOLDERInstitutional holding changed
2026-06-21 02:57 UTCHOLDER28 institutional position changes flagged
2026-06-20 12:34 UTCANALYSTAnalyst coverage initiated
2026-06-20 12:34 UTCANALYSTAnalyst coverage initiated
2026-06-20 12:34 UTCANALYSTAnalyst coverage initiated
2026-06-20 12:34 UTCANALYSTAnalyst coverage initiated
2026-06-20 12:34 UTCANALYSTAnalyst coverage initiated
2026-06-20 12:34 UTCANALYSTAnalyst coverage initiated
2026-05-19 00:00 UTCINSIDER14 insider transactions — 2026-05 · net sell $219k
2026-05-19 00:00 UTCINSIDER14 insider transactions — 2026-05 · net sell $219k
2026-05-19INSIDERLERNER JOSEPH C transacted 842 sh — Director
2026-05-19INSIDERAbelli Donna L transacted 842 sh — Director
2026-05-19INSIDERO'Leary Leif transacted 842 sh — Director
2026-05-19INSIDERANSIN KEN S transacted 842 sh — Director
2026-05-19INSIDERO'DAY SUSAN PERRY transacted 842 sh — Director
2026-05-19INSIDERMORTON JAMES O'SHANNA transacted 842 sh — Director
2026-05-19INSIDERPERRY DAWN transacted 842 sh — Director
2026-05-19INSIDERMISKELL EILEEN C transacted 842 sh — Director
2026-05-19INSIDERNadeau Gerard F transacted 842 sh — Director
2026-05-19INSIDERVenables Thomas R transacted 842 sh — Director
2026-05-19INSIDERHogan Michael P. transacted 842 sh — Director
2026-05-19INSIDEROBrien Daniel F transacted 842 sh — Director
2026-05-19INSIDERMORRISSEY JOHN J transacted 842 sh — Director
2026-05-18INSIDERLERNER JOSEPH C sold 2.8k sh — Director ~$219k
Showing the 40 most recent of 66 entries.
The entity's full life in the product — typed, chronological, joined across Newspaper, Platform and Data. Our memory, made visible.
Sources filings · IR · transcripts · market data · tier hybrid · as of 2026-08-04
Market data · Issuer disclosures · Public news · Earnings transcripts · Consensus estimates · ESG data
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