IRCE SpA
IRCE SpA has a market price of 2.29 EUR and a market cap of 60.5 million EUR, with a price-to-earnings ratio of 9.8 and a price-to-book ratio of 0.39. The company's liquidity is assessed as medium, with a current ratio of 2.1 and a debt-to-equity ratio of 0.55, indicating a moderate level of leverage. The company's return on equity is 3.95%, and its return on assets is 2.15%, which are below the industry median for electrical components and equipment. The company's profitability is reflected in its gross profit of 84.16 million EUR and operating income of 10.8 million EUR, with a net income of 6.18 million EUR. These figures suggest a relatively low margin business, with a gross margin of 22.3% and an operating margin of 2.9%. The company's capital structure includes total assets of 286.83 million EUR, with total liabilities of 130.57 million EUR and total equity of 156.26 million EUR. IRCE SpA's revenue is concentrated in its two segments, Winding Wires and Cables, with operations in multiple countries including Italy, the Netherlands, the United Kingdom, Brazil, India, and Germany. The company's geographic exposure is not disclosed in detail, but its international presence suggests some diversification. The company's revenue for the latest period is 377.64 million EUR. The company's growth trajectory is not explicitly detailed, but its operating cash flow is negative at -405,000 EUR, and its free cash flow is -8.21 million EUR, indicating potential challenges in generating positive cash flow from operations. The company's capital expenditure is -19.58 million EUR, suggesting a focus on maintaining or expanding its production capabilities. The company's risk assessment indicates a medium liquidity risk and a low dilution risk. The key flag of negative net cash after subtracting total debt highlights the company's liquidity constraints. The company's analyst estimates suggest a mean price target of 2.90 EUR, with a mean recommendation of 2.00, indicating a neutral outlook. Recent events and filings are not detailed in the provided data, but the company's financial performance and risk profile suggest a need for careful monitoring of its liquidity and profitability metrics.
Business. IRCE SpA is an Italy-based cable producer that operates through two segments, Winding Wires and Cables, manufacturing products used in electric motors, generators, transformers, and construction sector applications.
Classification. IRCE SpA is classified under the industry "Electrical Components & Equipment" within the "Industrial Goods" business sector, with a confidence level of 0.92.
- IRCE SpA has a market price of 2.29 EUR and a market cap of 60.5 million EUR, with a price-to-earnings ratio of 9.8 and a price-to-book ratio of 0.39.
- The company's liquidity is assessed as medium, with a current ratio of 2.1 and a debt-to-equity ratio of 0.55, indicating a moderate level of leverage.
- IRCE SpA's profitability is reflected in its gross profit of 84.16 million EUR and operating income of 10.8 million EUR, with a net income of 6.18 million EUR.
- The company's growth trajectory is not explicitly detailed, but its operating cash flow is negative at -405,000 EUR, and its free cash flow is -8.21 million EUR.
- # RATIONALES
- margin_outlook_rationale: The company's gross margin of 22.3% and operating margin of 2.9% suggest a low-margin business model, which may limit its ability to absorb cost increases or pass them on to customers.
- rd_outlook_rationale: The company's research and development outlook is not explicitly detailed, but its capital expenditure of -19.58 million EUR suggests a focus on maintaining or expanding its production capabilities.
- capex_outlook_rationale: The company's capital expenditure of -19.58 million EUR indicates a focus on maintaining or expanding its production capabilities, which may support future growth.
- Net cash is negative after subtracting total debt.