(IDR) Indra - Overview
Sector: Technology | Industry: Information Technology Services | Exchange: MC (Spain) | Market Cap: 9.220m EUR | Total Return: 48.7% in 12m
Avg Turnover: 58.9M
EPS Trend: 97.7%
Qual. Beats: 0
Rev. Trend: 86.8%
Qual. Beats: -1
Warnings
Choppy
Tailwinds
No distinct edge detected
Indra Sistemas (IDR) is a Spanish multinational specializing in defense, aerospace, and digital transformation. The company operates through four primary segments: Defense, Air Traffic, Mobility, and Minsait, its dedicated IT and digital consulting arm. Its portfolio spans from radar and satellite communication systems to air traffic management and cybersecurity solutions for both public administrations and private enterprises.
The business model relies heavily on long-term government contracts and large-scale infrastructure projects, which often provide high barriers to entry due to the technical complexity and security clearances required. In the defense sector, Indra serves as a key industrial partner in major European programs, such as the Future Combat Air System (FCAS).
For a deeper look into the companys valuation metrics, consider reviewing the latest data on ValueRay.
Headquartered in Alcobendas and founded in 1921, Indra maintains a significant global footprint with operations across Europe, the Americas, and the Middle East. The integration of its Minsait division allows the company to cross-sell traditional IT outsourcing alongside specialized defense electronics, diversifying its revenue streams across cyclical and non-cyclical industries.
- Increased European defense spending boosts long-term order book and revenue growth
- Strategic divestment of Minsait division influences valuation and capital allocation
- Expansion in global air traffic management projects drives high-margin service exports
- Spanish government ownership levels impact corporate governance and strategic decision making
- Rising labor costs in IT services sector pressure consolidated operating margins
| 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 0.17%; Δ 1.34k% > 0.5%) |
| Asset Turnover: 67.86% > 50% (prev 115.1%; Δ -47.21% > 0%) |
| Interest Coverage Ratio: 9.10 > 6 (EBITDA TTM 795.7m / 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: 0.21 (Book Value of Equity 1.93b / Total Liabilities 9.13b) |
| Altman-Z'' = 2.69 = A |
| DSRI: 1.92 (Receivables 1.87b/1.04b, Revenue 5.63b/5.99b) |
| GMI: 1.26 (GM 13.60% / 17.20%) |
| AQI: 0.87 (AQ_t 0.32 / AQ_t-1 0.37) |
| SGI: 0.94 (Revenue 5.63b / 5.99b) |
| TATA: -0.00 (NI 452.7m - CFO 491.2m) / TA 11.4b) |
| Beneish M = -2.15 (Cap -4..+1) = BB |
As of May 25, 2026, the stock is trading at EUR 52.68 with a total of 771,961 shares traded.
Over the past week, the price has changed by +6.23%,
over one month by +10.49%,
over three months by +3.60% and
over the past year by +48.65%.
Indra has no consensus analysts rating.
P/E Trailing = 20.4981
P/E Forward = 20.284
P/S = 1.5997
P/B = 4.9008
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 = 8.55b EUR (9.22b + Debt 1.66b - CCE 2.33b)
Interest Coverage Ratio = 9.10 (Ebit TTM 631.1m / Interest Expense TTM 69.4m)
EV/FCF = 19.13x (Enterprise Value 8.55b / FCF TTM 447.1m)
FCF Yield = 5.23% (FCF TTM 447.1m / Enterprise Value 8.55b)
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 = 0.75 (Enterprise Value 8.55b / Total Assets 11.4b)
Interest Expense / Debt = 4.17% (Interest Expense 69.4m / Debt 1.66b)
Taxrate = 28.44% (31.6m / 111.1m)
NOPAT = 451.6m (EBIT 631.1m * (1 - 28.44%))
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 = 5.71% (NOPAT 451.6m / Invested Capital 7.91b)
WACC = 6.41% (E(9.22b)/V(10.9b) * Re(7.03%) + D(1.66b)/V(10.9b) * Rd(4.17%) * (1-Tc(0.28)))
Discount Rate = 7.03% (= 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: -0.51 | # 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=+20% | Analysts=1
EPS next Quarter (2026-09-30): EPS=0.55 | Chg30d=-16.41% | Revisions=-20% | Analysts=1
EPS current Year (2026-12-31): EPS=2.71 | Chg30d=+3.28% | Revisions=+9% | GrowthEPS=+9.3% | GrowthRev=+25.1%
EPS next Year (2027-12-31): EPS=3.19 | Chg30d=+0.88% | Revisions=+17% | GrowthEPS=+17.5% | GrowthRev=+12.5%
[Analyst] Revisions Ratio: +20%