IDR Stock Analysis: Indra | MC
Information Technology Services | MC, Spain | Market Cap: 9.345m EUR | 12M Return: 56.5% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 48.7M
EPS Trend: 97.7%
Qual. Beats: 1
Rev. Trend: 84.9%
Qual. Beats: 0
Warnings
Tailwinds
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: 440.4m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.18 > 0.02 and ΔFCF/TA 9.54 > 1.0 |
| NWC/Revenue: 50.15% < 20% (prev 16.06%; Δ 34.08% < -1%) |
| CFO/TA 0.19 > 3% & CFO 2.25b > Net Income 440.4m |
| Net Debt (470.3m) to EBITDA (850.4m): 0.55 < 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: 10.20 > 6 (EBIT TTM 647.1m / Interest Expense TTM 63.4m) |
| 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 9.45b) |
| 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: -0.15 (NI 440.4m - CFO 2.25b) / TA 11.7b) |
| Beneish M = -0.83 (Cap -4..+1) = D |
As of July 28, 2026, the stock is trading at EUR 56.06 with a total of 1,861,878 shares traded. Over the past week, the price has changed by +12.68%, over one month by +17.22%, over three months by +12.59% and over the past year by +56.45%.
Current recommended Stop Loss: 52.20 (which is 6.9% or 1.8 ATR below the current price).
Indra has no consensus analysts rating.
P/E Trailing = 21.259
P/E Forward = 21.645
P/S = 1.473
P/B = 4.9491
P/EG = 4.256
Revenue TTM = 6.19b EUR
EBIT TTM = 647.1m EUR
EBITDA TTM = 850.4m EUR
Long Term Debt = 2.58b EUR (from longTermDebt, last fiscal year)
Short Term Debt = 192.8m EUR (from shortTermDebt, last quarter)
Debt = 2.94b EUR (corrected: LT Debt 2.58b + ST Debt 192.8m) + Leases 168.1m
Net Debt = 470.3m EUR (calculated: Debt 2.94b - CCE 2.47b)
Enterprise Value = 9.82b EUR (9.34b + Debt 2.94b - CCE 2.47b)
Interest Coverage Ratio = 10.20 (Ebit TTM 647.1m / Interest Expense TTM 63.4m)
EV/FCF = 4.76x (Enterprise Value 9.82b / FCF TTM 2.06b)
FCF Yield = 21.01% (FCF TTM 2.06b / Enterprise Value 9.82b)
FCF Margin = 33.34% (FCF TTM 2.06b / 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 = 0.84 (Enterprise Value 9.82b / Total Assets 11.7b)
Interest Expense / Debt = 2.16% (Interest Expense 63.4m / Debt 2.94b)
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 = 1.52 (Debt 2.94b / totalStockholderEquity, last quarter 1.94b)
Debt / EBITDA = 0.55 (Net Debt 470.3m / EBITDA 850.4m)
Debt / FCF = 0.23 (Net Debt 470.3m / FCF TTM 2.06b)
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 = 14.92% (EBIT 647.1m / Capital Employed (Equity 1.75b + L.T.Debt 2.58b))
RoIC = 6.05% (NOPAT 468.4m / Invested Capital 7.74b)
WACC = 5.74% (E(9.34b)/V(12.3b) * Re(7.06%) + D(2.94b)/V(12.3b) * Rd(2.16%) * (1-Tc(0.28)))
Discount Rate = 7.06% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 24.59 | Cagr: 0.26%
[DCF] Terminal Value 77.97% ; FCFF base≈1.45b ; Y1≈1.66b ; Y5≈2.44b
[DCF] Fair Price = 206.9 (EV 36.7b - Net Debt 470.3m = Equity 36.2b / Shares 175.1m; 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=0.55 | Chg30d=+0.00% | Revisions=-25% | Analysts=1
EPS current Year (2026-12-31): EPS=2.85 | Chg30d=+5.50% | Revisions=-40% | GrowthEPS=+14.7% | GrowthRev=+29.5%
EPS next Year (2027-12-31): EPS=3.23 | Chg30d=+0.63% | Revisions=-17% | GrowthEPS=+13.6% | GrowthRev=+10.5%
[Analyst] Revisions Ratio: -44% (up=1, down=5)