Innovatec S.p.A. (INC) fair value: what the stock is really worth
We calculate from audited financials what Innovatec S.p.A. is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 37 quality factors, updated daily.
Valuation from Aug 13, 2026. With the latest figures (losses, negative cash flow), a fair value can no longer be calculated.
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69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.
How to read this chart
60‑month range €0.1668 – €2.47 · fair‑value band €0.0300 – €0.0500 · the €0.2755 price screens above the €0.0300 fair value. Dashed = 300-day average. As of Aug 13, 2026.
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Innovatec S.p.A., together with its subsidiaries, provides technologies, processes, products, and services in the areas of energy efficiency and renewables in Italy.
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Innovatec S.p.A., together with its subsidiaries, provides technologies, processes, products, and services in the areas of energy efficiency and renewables in Italy. The company offers relamping, heat pumps, cogeneration and trigeneration systems, photovoltaic and agrivoltaic systems, biomass boilers, and geothermal technologies; and green energy portfolio management and energy requalification of buildings. It also provides technical-strategic consultancy; training services on sustainability and circularity; and monitoring and assessment of digital tools, including circularity platforms, sustainability and circularity assessments, and GHG and ESG reporting tools. In addition, the company is involved in the management of the Boscaccio landfill and energy recovery of landfill biogas. The company was founded in 1938 and is headquartered in Milan, Italy. Innovatec S.p.A. operates as a subsidiary of Mercato, Inc.
Stock analysis
Innovatec S.p.A. (INC) currently trades at €0.2755, while our model-based Fair Value estimate is €0.0300, implying the stock looks roughly 818.3% overvalued today.
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Valuation
How firm this estimate is: it rests on 1 models at a data quality of 86/100, which puts the evidence level at low.
Scenario range: €0.0300 (bear) to €0.0500 (bull), the price of €0.2755 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 30/100 (below-average quality), in the Utilities sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
Innovatec S.p.A. reported revenue of €25.1M in FY2025 versus €140M in FY2021, a compound −34.9%/yr. Reported net income was −€4.7M in FY2025.
Key figures
Market cap €26.6M · P/S ratio 0.78 · EPS (TTM) €−0.0500 · Net margin −18.7% · Return on equity −18.4% · Return on assets (EBIT) 5.3% · Operating margin −24.6% · Revenue (TTM) €27.4M.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 35 out of 100 (low confidence).
What moves the price
The share trades about 4% below its 52-week high and 57% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Utilities peers we cover trades at −34% fair-value upside, at −89%, INC screens richer than that median.
Fair Value models
Bear €0.0300Fair Value €0.0300Bull €0.0500
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.0/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−88.4%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−55.8%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−2.1%
Start year 2020 (pandemic). Over 10 years: −0.2% a year
Revenue growth 12 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+9.3%
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Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
13.4% (2019) → −15.9% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Utilities - Regulated Electric · 159 stocks
Beats the industry median on 2/8 measures
Overall it trails its industry peers.
Valuation
Quality Score29 · Bottom 25%
Fair Value upside−89% · Bottom 25%
Profitability
Return on assets−2% · Bottom 25%
Net margin (TTM)−17% · Bottom 25%
Operating margin (TTM)−25% · Bottom 25%
Growth and dividend
Revenue growth−87% · Bottom 25%
Balance sheet
Debt / equity0.67× · Below median
Valuation Multiplesvs Utilities - Regulated Electric median · lower = cheaper
P/B6.06× · book value is mostly goodwill ⓘGoodwill and other intangible assets are larger than the equity. The book value mainly reflects prices paid for past acquisitions, so we do not rank this P/B against the peer group.
P/S (TTM)1.10× · Cheaper than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 12
FUTURE (revenue growth)0· sector 32
PAST (return on equity)0· sector 39
HEALTH (low debt)66· sector 53
DIVIDEND (yield)0· sector 70
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Innovatec S.p.A. Fair Value". https://www.fairvalue-calculator.com/stock/INC
Frequently asked questions
Is Innovatec S.p.A. (INC) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of €0.0300 versus a price of €0.2755, about −89% upside (overvalued).
What is the fair value of INC?
Our model-based fair value for Innovatec S.p.A. is €0.0300 (as of Aug 13, 2026), built from audited fundamentals. The current price: €0.2755.
What is the quality score of INC?
Innovatec S.p.A. has a Quality Score of 30/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Innovatec S.p.A. (INC)?
Our model-based price target is the fair value of €0.0300 (as of Aug 13, 2026) from 1 valuation models. Cautious scenario €0.0300, optimistic scenario €0.0500. It is a calculation from audited fundamentals, not an analyst target.
What is the Innovatec S.p.A. stock forecast for 2026?
Our models put fair value at €0.0300, about −89% upside versus a price of €0.2755 (overvalued). Cautious scenario €0.0300, optimistic scenario €0.0500. The calculation is refreshed regularly with new filings.
What is the revenue of Innovatec S.p.A. (INC)?
Innovatec S.p.A. reported trailing-twelve-month revenue of about €27.4M (latest available figure, as of Aug 13, 2026).
What is the intrinsic value of Innovatec S.p.A. (INC)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Innovatec S.p.A. it is €0.0300 per share (as of Aug 13, 2026), against a price of €0.2755. It is the blended result of 1 valuation models (cash flow, earnings, asset, dividend).
Is Innovatec S.p.A. stock overvalued or undervalued in 2026?
As of Aug 13, 2026, INC trades above its calculated fair value: price €0.2755, fair value €0.0300, a gap of about −89% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of INC?
No. The price is what the market pays today (€0.2755); the fair value is what the company's own numbers justify (€0.0300). For Innovatec S.p.A. the two are €0.2455 per share apart. That gap is exactly why we show both numbers side by side.
How much is Innovatec S.p.A. worth?
The market values Innovatec S.p.A. at about €26.6M (market capitalisation, as of Aug 13, 2026). Per share that is €0.2755; our models calculate a fair value of €0.0300 per share.
What do the bullish and bearish scenarios say about INC?
Our models span a range for Innovatec S.p.A.: cautious scenario €0.0300, base €0.0300, optimistic €0.0500 per share (as of Aug 13, 2026, price €0.2755). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Innovatec S.p.A. (INC)?
Balance-sheet figures for Innovatec S.p.A. (as of Aug 13, 2026): return on equity −18.4%, debt of 0.67 per unit of equity. They feed the Quality Score of 30/100, which measures business quality independently of the share price.
How far is INC from its 52-week high?
Innovatec S.p.A. trades at €0.2755, about 4% below its 52-week high of €0.2870 and 57% above the low of €0.1750 (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of €0.0300 is for.
Which stocks are comparable to Innovatec S.p.A.?
From the same area (Utilities) we also value NextEra Energy, Inc, The Southern Company, Duke Energy Corporation, American Electric Power Company, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Innovatec S.p.A. stock attractive at the current price?
The data as of Aug 13, 2026: price €0.2755, calculated fair value €0.0300 (−89%), Quality Score 30/100, from 1 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of INC calculated?
We run Innovatec S.p.A. through 1 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of €0.0300, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.1 % above its aggregate fair value. Innovatec S.p.A. itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Innovatec S.p.A. (INC)?
The closing price on Sep 24, 2026 was €0.2755. Our model-based fair value is €0.0300, about −89% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Innovatec S.p.A. right now?
The price sits above even our optimistic bull case (€0.0500). The favourable scenario is already priced in. Weak quality (30/100) and above fair value at the same time, the margin of safety is missing on both counts. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
Key figures of Innovatec S.p.A.
How large is the market capitalisation of Innovatec S.p.A. (INC)?
The market capitalisation of Innovatec S.p.A. is €26.6M. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Innovatec S.p.A. (INC)?
The price-to-sales ratio of Innovatec S.p.A. is 0.78 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Innovatec S.p.A. (INC)?
Earnings per share at Innovatec S.p.A. are €−0.0500. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Innovatec S.p.A. (INC)?
The net margin of Innovatec S.p.A. is −18.7% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Innovatec S.p.A. (INC)?
The return on equity (ROE) of Innovatec S.p.A. is −18.4% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Innovatec S.p.A. (INC)?
On an EBIT basis the return on assets of Innovatec S.p.A. is 5.3% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Innovatec S.p.A. (INC)?
The operating margin of Innovatec S.p.A. is −24.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Innovatec S.p.A. (INC)?
Revenue at Innovatec S.p.A. is growing −87.2% versus a year earlier (3y avg −55.8%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Innovatec S.p.A. (INC)?
Earnings per share at Innovatec S.p.A. are growing +25.1% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Innovatec S.p.A. (INC) generate?
The free cash flow of Innovatec S.p.A. is −€3.7M (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Innovatec S.p.A. (INC) carry?
The net debt of Innovatec S.p.A. is €13.8M (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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