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Indel B S.p.A (INDB) Fair Value & Analysis

Consumer Cyclical · IT · Market cap €101M

IB Indel B S.p.A INDB · MI
Price€19.50
Fair Value€36.15
Upside+85.4%
Quality95/100
Evidence: High Range €24.74 – €59.23

Fair value as of: Jun 24, 2026

From 26 valuation models · updated 5 days ago

Share price −1.5% over the past month.

Price vs Fair Value (12 months)

€19.99 €17.77 Fair Value €36.15 Jun 2025 Jun 2026

12‑month range €17.77 – €19.99 · fair‑value band €24.74 – €59.23 · the €19.50 price screens below the €36.15 fair value. As of Jun 24, 2026.

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Analysis

Indel B S.p.A (INDB) currently trades at €19.50, while our model-based Fair Value estimate is €36.15 — implying the stock looks roughly 85.4% undervalued today. We read business quality at 95/100 (high quality), in the Consumer Cyclical sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high) — always confirm before acting.

Over the trailing twelve months, Indel B S.p.A generated revenue of €205M at a net margin of 10.0%. Revenue grew 8.1% year over year. It earns a return on equity of 15.4%. Net debt stands at €13.4M. Fundamentals as of Jun 24, 2026

Key figures & financial health

Revenue (TTM) €205M
Revenue growth (YoY) +8.1%
Net margin 10.0%
Return on equity 15.4%
Free cash flow €10.8M FY2025
P/E ratio 5.0
More key figures
Operating margin 5.0%
EPS (TTM) €3.88
Dividend yield 3.1%
EPS growth (YoY) +174%
Net debt €13.4M FY2025

Figures from reported company fundamentals (EODHD) · as of Jun 24, 2026. TTM = trailing twelve months.

About the company

Indel B S.p.A. manufactures and supplies cooling and refrigeration system worldwide. It offers mobile refrigeration units; vehicle air conditioning systems for minibuses and industrial vehicles, and special vehicles, comprising ambulances, mobile clinics, civil defence vehicles, medicines transporting vehicles, and trams and trains; and refrigeration systems for the transport of temperature-controlled food. The company also provides a range of minibars, as well as technological accessories, including electronic safes. In addition, it offers built-in or transportable refrigerators for sailing and motorboats, and marine yachts and recreational vehicles, such as cars, camper vans, motor homes, and caravans. Further, it offers cooling appliances comprising wine cellars and mini-fridges for retail and professional markets; and supplies components and spare parts. The company was founded in 1967 and is based in Sant'agata Feltria, Italy. Indel B S.p.A. operates as a subsidiary of Amp.Fin …

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Indel B S.p.A reported revenue of €206M in FY2025 versus €186M in FY2021, a compound +2.7%/yr. Reported net income was €20.4M in FY2025, compounding −4.2%/yr from FY2021.

Revenue +2.7%/yr
FY21 €186M
FY22 €223M
FY23 €221M
FY24 €200M
FY25 €206M
Net income −4.2%/yr
FY21 €24.2M
FY22 €12.0M
FY23 €10.4M
FY24 €10.7M
FY25 €20.4M

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Frequently asked questions

Is Indel B S.p.A (INDB) undervalued?
As of Jun 24, 2026, our model estimates a fair value of €36.15 versus a price of €19.50 — about +85% (undervalued). Model-based estimate, not financial advice.
What is the fair value of INDB?
Our 21-model fair value for Indel B S.p.A is €36.15 (as of Jun 24, 2026), built from audited fundamentals. The current price is €19.50.
What is the quality score of INDB?
Indel B S.p.A has a Quality Score of 95/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Indel B S.p.A (INDB)?
Indel B S.p.A reported trailing-twelve-month revenue of about €205M (latest available figure, as of Jun 24, 2026).
What is the net profit margin of INDB?
The net profit margin of Indel B S.p.A is about 10.0%, meaning it keeps roughly 10.0% of revenue as net income. Based on the latest reported figures.
Does Indel B S.p.A pay a dividend?
Indel B S.p.A currently shows a dividend yield of about 3.08% relative to its recent price (as of Jun 24, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.