IDR Stock Analysis: Indra | MC
Information Technology Services | MC, Spain | Market Cap: 9.003m EUR | 12M Return: 26.9% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 55.6M
EPS Trend: 97.7%
Qual. Beats: 0
Rev. Trend: 86.8%
Qual. Beats: -1
Warnings
Tailwinds
No distinct edge detected
Seasonality 10.5 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Indra Sistemas, S.A. (IDR) is a Spanish information technology company headquartered in Alcobendas that provides technology services across the defense, aerospace, and advanced digital technologies sectors. The company operates through four main business segments: Defense, Air Traffic, Mobility, and Minsait, serving governments, public administrations, and commercial clients under the Indra and Minsait brands.
The companys offerings span a wide range of capabilities, including the design, development, production, integration, and maintenance of systems based on information technologies, electronics, and communications. Its defense portfolio includes radars, air defense systems, surveillance platforms, command and control systems, simulators, unmanned aerial systems, and satellite communication systems. In air traffic, Indra provides management systems, equipment, and controller training services. The Mobility segment covers ticketing and tolling systems, railway safety and signaling, and transport planning and consulting.
Through its Minsait segment, the company delivers proprietary and third-party IT solutions, digital business services (including consulting, cybersecurity, and advanced technologies), and traditional IT services such as IT outsourcing, business process outsourcing, and user management. These services target industries including energy, telecom and media, public administration, healthcare, and financial services. Indra operates internationally across Spain, Brazil, the rest of the Americas, Italy, the rest of Europe, Asia, the Middle East, and Africa.
The company was founded in 1921 and was originally known as Experiencias Industriales S.A. before adopting its current name, Indra Sistemas, S.A., in 1993. As an IT consulting and services provider, it competes in a global market characterized by long-term government contracts in defense and transportation, alongside commercial digital transformation engagements.
- Spanish defense spending surge boosts backlog
- Minsait IT services margin under pressure
- NATO commitments drive multi-year defense contracts
- Air traffic management recovers with airport modernization
- Latin America government contracts expand IT backlog
| Net Income: 452.7m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.04 > 0.02 and ΔFCF/TA -6.07 > 1.0 |
| NWC/Revenue: 49.08% < 20% (prev 9.88%; Δ 39.19% < -1%) |
| CFO/TA 0.04 > 3% & CFO 491.2m > Net Income 452.7m |
| Net Debt (-667.0m) to EBITDA (795.7m): -0.84 < 3 |
| Current Ratio: 1.76 > 1.5 & < 3 |
| Outstanding Shares: last quarter (175.7m) vs 12m ago -0.11% < -2% |
| Gross Margin: 13.60% > 18% (prev 17.20%; Δ -3.60% > 0.5%) |
| Asset Turnover: 67.86% > 50% (prev 115.1%; Δ -47.21% > 0%) |
| Interest Coverage Ratio: 9.10 > 6 (EBIT TTM 631.1m / Interest Expense TTM 69.4m) |
| A: 0.24 (Total Current Assets 6.40b - Total Current Liabilities 3.64b) / Total Assets 11.4b |
| B: 0.11 (Retained Earnings 1.29b / Total Assets 11.4b) |
| C: 0.08 (EBIT TTM 631.1m / Avg Total Assets 8.29b) |
| D: 0.20 (Book Value of Equity 1.84b / Total Liabilities 9.13b) |
| Altman-Z'' = 2.68 = A |
As of July 10, 2026, the stock is trading at EUR 49.60 with a total of 954,174 shares traded. Over the past week, the price has changed by -3.51%, over one month by -8.47%, over three months by -4.51% and over the past year by +26.87%.
Current recommended Stop Loss: 45.60 (which is 8.1% or 1.8 ATR below the current price).
Indra has no consensus analysts rating.
P/E Trailing = 20.0156
P/E Forward = 20.3252
P/S = 1.562
P/B = 4.8932
P/EG = 4.256
Revenue TTM = 5.63b EUR
EBIT TTM = 631.1m EUR
EBITDA TTM = 795.7m EUR
Long Term Debt = 1.33b EUR (from longTermDebt, last quarter)
Short Term Debt = 166.0m EUR (from shortTermDebt, last quarter)
Debt = 1.66b EUR (from shortLongTermDebtTotal, last quarter) + Leases 168.1m
Net Debt = -667.0m EUR (calculated: Debt 1.66b - CCE 2.33b)
Enterprise Value = 8.34b EUR (9.00b + Debt 1.66b - CCE 2.33b)
Interest Coverage Ratio = 9.10 (Ebit TTM 631.1m / Interest Expense TTM 69.4m)
EV/FCF = 18.64x (Enterprise Value 8.34b / FCF TTM 447.1m)
FCF Yield = 5.36% (FCF TTM 447.1m / Enterprise Value 8.34b)
FCF Margin = 7.95% (FCF TTM 447.1m / Revenue TTM 5.63b)
Net Margin = 8.05% (Net Income TTM 452.7m / Revenue TTM 5.63b)
Gross Margin = 13.60% ((Revenue TTM 5.63b - Cost of Revenue TTM 4.86b) / Revenue TTM)
Gross Margin QoQ = 4.45% (prev 7.71%)
Tobins Q-Ratio = 0.73 (Enterprise Value 8.34b / Total Assets 11.4b)
Interest Expense / Debt = 4.17% (Interest Expense 69.4m / Debt 1.66b)
Taxrate = 25.13% (153.9m / 612.5m)
NOPAT = 472.5m (EBIT 631.1m * (1 - 25.13%))
Current Ratio = 1.76 (Total Current Assets 6.40b / Total Current Liabilities 3.64b)
Debt / Equity = 0.90 (Debt 1.66b / totalStockholderEquity, last quarter 1.84b)
Debt / EBITDA = -0.84 (Net Debt -667.0m / EBITDA 795.7m)
Debt / FCF = -1.49 (Net Debt -667.0m / FCF TTM 447.1m)
Total Stockholder Equity = 1.63b (last 4 quarters mean from totalStockholderEquity)
RoA = 5.46% (Net Income 452.7m / Total Assets 11.4b)
RoE = 27.79% (Net Income TTM 452.7m / Total Stockholder Equity 1.63b)
RoCE = 21.33% (EBIT 631.1m / Capital Employed (Equity 1.63b + L.T.Debt 1.33b))
RoIC = 6.20% (NOPAT 472.5m / Invested Capital 7.63b)
WACC = 6.56% (E(9.00b)/V(10.7b) * Re(7.19%) + D(1.66b)/V(10.7b) * Rd(4.17%) * (1-Tc(0.25)))
Discount Rate = 7.19% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -11.11 | Cagr: -0.72%
[DCF] Terminal Value 73.28% ; FCFF base≈476.3m ; Y1≈421.8m ; Y5≈347.5m
[DCF] Fair Price = 35.60 (EV 5.56b - Net Debt -667.0m = Equity 6.23b / Shares 175.0m; r=8.35% [WACC [floored]]; 5y FCF grow -14.00% → 2.50% )
EPS Correlation: 97.73 | EPS CAGR: 42.39% | SUE: -0.53 | # QB: 0
Revenue Correlation: 86.80 | Revenue CAGR: 16.47% | SUE: -1.27 | # QB: -1
EPS current Quarter (2026-06-30): EPS=0.58 | Chg30d=-3.94% | Revisions=+25% | Analysts=1
EPS next Quarter (2026-09-30): EPS=0.55 | Chg30d=-16.41% | Revisions=-25% | Analysts=1
EPS current Year (2026-12-31): EPS=2.68 | Chg30d=-1.21% | Revisions=+40% | GrowthEPS=+8.0% | GrowthRev=+24.7%
EPS next Year (2027-12-31): EPS=3.21 | Chg30d=+0.75% | Revisions=+40% | GrowthEPS=+19.8% | GrowthRev=+12.6%
[Analyst] Revisions Ratio: +44% (up=5, down=1)