IDR Stock Analysis: Indra | MC
Information Technology Services | MC, Spain | Market Cap: 10.396m EUR | 12M Return: 48.4% | ES0118594417 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 38.9M
EPS Trend: 97.7%
Qual. Beats: 1
Rev. Trend: 84.9%
Qual. Beats: 0
Warnings
Tailwinds
No distinct edge detected
Seasonality 11.7 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 (IDR) is a Spanish information technology company founded in 1921 and headquartered in Alcobendas, operating globally across Spain, the Americas, Europe, Asia, the Middle East, and Africa. The company is organized into four segments: Defense, Air Traffic, Mobility, and Minsait, serving primarily governments and public administrations under the Indra and Minsait brands.
Its defense and aerospace portfolio includes radars, air defense systems, surveillance and unmanned vehicles, command and control systems, satellite communications, simulators, and air traffic management equipment and training. The Mobility segment covers ticketing, tolling, railway signaling, and transport planning solutions, while Minsait delivers digital business services such as consulting, cybersecurity, IT outsourcing, and business process outsourcing across sectors including energy, telecom, public administration, healthcare, and financial services.
As a large-cap IT consulting firm, Indra benefits from a dual business model combining long-cycle government defense and aerospace contracts with more scalable digital transformation services. Its heavy exposure to public-sector clients provides revenue visibility but ties growth closely to European and Latin American government defense and infrastructure spending.
- EU defense budget hike drives Defense segment order growth
- Minsait margin recovery accelerates group operating profitability
- Spanish government digitalization spending fuels Minsait backlog
| Net Income: 440.4m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.19 > 0.02 and ΔFCF/TA 11.02 > 1.0 |
| NWC/Revenue: 50.15% < 20% (prev 16.06%; Δ 34.08% < -1%) |
| CFO/TA 0.21 > 3% & CFO 2.42b > Net Income 440.4m |
| Net Debt (-683.0m) to EBITDA (850.4m): -0.80 < 3 |
| Current Ratio: 1.80 > 1.5 & < 3 |
| Outstanding Shares: last quarter (175.1m) vs 12m ago -0.33% < -2% |
| Gross Margin: 8.02% > 18% (prev 23.72%; Δ -15.71% > 0.5%) |
| Asset Turnover: 67.87% > 50% (prev 93.86%; Δ -26.00% > 0%) |
| Interest Coverage Ratio: 7.51 > 6 (EBIT TTM 647.1m / Interest Expense TTM 86.2m) |
| A: 0.26 (Total Current Assets 6.99b - Total Current Liabilities 3.89b) / Total Assets 11.7b |
| B: 0.12 (Retained Earnings 1.46b / Total Assets 11.7b) |
| C: 0.07 (EBIT TTM 647.1m / Avg Total Assets 9.11b) |
| D: 0.20 (Book Value of Equity 1.94b / Total Liabilities 9.51b) |
| Altman-Z'' = 2.83 = A |
| DSRI: 1.70 (Receivables 1.99b/1.15b, Revenue 6.19b/6.08b) |
| GMI: 2.96 (GM 23.72% / 8.02%) |
| AQI: 0.74 (AQ_t 0.29 / AQ_t-1 0.39) |
| SGI: 1.02 (Revenue 6.19b / 6.08b) |
| TATA: -0.17 (NI 440.4m - CFO 2.42b) / TA 11.7b) |
| Beneish M = -0.84 (Cap -4..+1) = D |
As of October 08, 2026, the stock is trading at EUR 58.74 with a total of 753,727 shares traded. Over the past week, the price has changed by +1.31%, over one month by +1.45%, over three months by +14.32% and over the past year by +48.36%.
Current recommended Stop Loss: 55.80 (which is 5% or 1.7 ATR below the current price).
Indra has no consensus analysts rating.
P/E Trailing = 23.6653
P/E Forward = 19.8807
P/S = 1.6395
P/B = 5.6257
P/EG = 4.256
Revenue TTM = 6.19b EUR
EBIT TTM = 647.1m EUR
EBITDA TTM = 850.4m EUR
Long Term Debt = 1.39b EUR (from longTermDebt, last quarter)
Short Term Debt = 197.7m EUR (from shortTermDebt, last quarter)
Debt = 1.79b EUR (from shortLongTermDebtTotal, last quarter) + Leases 168.1m
Net Debt = -683.0m EUR (calculated: Debt 1.79b - CCE 2.47b)
Enterprise Value = 9.71b EUR (10.4b + Debt 1.79b - CCE 2.47b)
Interest Coverage Ratio = 7.51 (Ebit TTM 647.1m / Interest Expense TTM 86.2m)
EV/FCF = 4.46x (Enterprise Value 9.71b / FCF TTM 2.18b)
FCF Yield = 22.41% (FCF TTM 2.18b / Enterprise Value 9.71b)
FCF Margin = 35.19% (FCF TTM 2.18b / Revenue TTM 6.19b)
Net Margin = 7.12% (Net Income TTM 440.4m / Revenue TTM 6.19b)
Gross Margin = 8.02% ((Revenue TTM 6.19b - Cost of Revenue TTM 5.69b) / Revenue TTM)
Gross Margin QoQ = 11.84% (prev 4.45%)
Tobins Q-Ratio = 0.83 (Enterprise Value 9.71b / Total Assets 11.7b)
Interest Expense / Debt = 4.81% (Interest Expense 86.2m / Debt 1.79b)
Taxrate = 27.62% (172.0m / 622.7m)
NOPAT = 468.4m (EBIT 647.1m * (1 - 27.62%))
Current Ratio = 1.80 (Total Current Assets 6.99b / Total Current Liabilities 3.89b)
Debt / Equity = 0.92 (Debt 1.79b / totalStockholderEquity, last quarter 1.94b)
Debt / EBITDA = -0.80 (Net Debt -683.0m / EBITDA 850.4m)
Debt / FCF = -0.31 (Net Debt -683.0m / FCF TTM 2.18b)
Total Stockholder Equity = 1.75b (last 4 quarters mean from totalStockholderEquity)
RoA = 4.83% (Net Income 440.4m / Total Assets 11.7b)
RoE = 25.11% (Net Income TTM 440.4m / Total Stockholder Equity 1.75b)
RoCE = 20.55% (EBIT 647.1m / Capital Employed (Equity 1.75b + L.T.Debt 1.39b))
RoIC = 6.05% (NOPAT 468.4m / Invested Capital 7.75b)
WACC = 6.70% (E(10.4b)/V(12.2b) * Re(7.25%) + D(1.79b)/V(12.2b) * Rd(4.81%) * (1-Tc(0.28)))
Discount Rate = 7.25% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 24.59 | Cagr: 0.26%
[DCF] Terminal Value 77.97% ; FCFF base≈1.50b ; Y1≈1.72b ; Y5≈2.53b
[DCF] Fair Price = 221.6 (EV 38.1b - Net Debt -683.0m = Equity 38.8b / Shares 175.0m; r=8.35% [WACC [floored]]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: 97.65 | EPS CAGR: 42.21% | SUE: 1.28 | # QB: 1
Revenue Correlation: 84.92 | Revenue CAGR: 15.21% | SUE: 0.27 | # QB: 0
EPS current Quarter (2026-09-30): EPS=0.60 | Chg30d=-0.84% | Revisions=+25% | Analysts=3
EPS current Year (2026-12-31): EPS=2.75 | Chg30d=+0.25% | Revisions=+25% | GrowthEPS=+10.8% | GrowthRev=+29.1%
EPS next Year (2027-12-31): EPS=3.27 | Chg30d=+0.21% | Revisions=+40% | GrowthEPS=+19.1% | GrowthRev=+10.7%
[Analyst] Revisions Ratio: +57% (up=4, down=0)