CRL Stock Analysis: Carel Industries S.p.A | MI
Electronic Components | MI, Italy | Market Cap: 2.992m EUR | 12M Return: 24.2% | IT0005331019 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 2.26M
EPS Trend: 14.0%
Qual. Beats: 1
Rev. Trend: 16.9%
Qual. Beats: 1
Warnings
Tailwinds
Seasonality 8.2 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.
Carel Industries S.p.A. (CRL) designs, manufactures, and distributes control and humidification solutions across Europe, the Middle East, Africa, North America, South America, and Asia Pacific. Its product range spans programmable controls, terminals, electronic expansion valves, sensors, steam and adiabatic humidifiers, reverse osmosis water treatment systems, IoT digital services, remote management and monitoring platforms, speed controllers/inverters, and electrical panels, with complementary technical support, digital, field, and spare parts services. The company serves the HVAC market (residential, industrial, and commercial segments) and the refrigeration market (food retail and food service segments). Founded in 1973, Carel is headquartered in Brugine, Italy.
Carel operates primarily as a B2B supplier of components and subsystems to OEMs, system integrators, and installers in the HVAC/R industry, with the bulk of its revenue historically tied to air-conditioning and refrigeration applications. Demand for its products is closely linked to global trends in energy-efficiency regulation, the phase-down of high-GWP refrigerants, and the growing adoption of connected, IoT-enabled building and refrigeration equipment.
- EU F-Gas and heat pump regulations accelerate HVAC control orders
- Data center cooling demand lifts specialized controls revenue
- Refrigeration margins pressured by component costs and competition
| Net Income: 92.8m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.10 > 0.02 and ΔFCF/TA -1.62 > 1.0 |
| NWC/Revenue: 21.36% < 20% (prev 20.50%; Δ 0.87% < -1%) |
| CFO/TA 0.11 > 3% & CFO 102.6m > Net Income 92.8m |
| Net Debt (23.8m) to EBITDA (148.1m): 0.16 < 3 |
| Current Ratio: 1.60 > 1.5 & < 3 |
| Outstanding Shares: last quarter (110.7m) vs 12m ago -1.53% < -2% |
| Gross Margin: 15.08% > 18% (prev 46.54%; Δ -31.45% > 0.5%) |
| Asset Turnover: 79.64% > 50% (prev 70.56%; Δ 9.08% > 0%) |
| Interest Coverage Ratio: 21.47 > 6 (EBIT TTM 106.0m / Interest Expense TTM 4.94m) |
| A: 0.16 (Total Current Assets 396.2m - Total Current Liabilities 248.2m) / Total Assets 899.6m |
| B: 0.30 (Retained Earnings 268.2m / Total Assets 899.6m) |
| C: 0.12 (EBIT TTM 106.0m / Avg Total Assets 870.2m) |
| D: 1.31 (Book Value of Equity 506.8m / Total Liabilities 387.0m) |
| Altman-Z'' = 4.25 = AA |
| DSRI: 1.05 (Receivables 145.8m/119.0m, Revenue 693.0m/593.2m) |
| GMI: 3.09 (GM 46.54% / 15.08%) |
| AQI: 0.92 (AQ_t 0.43 / AQ_t-1 0.47) |
| SGI: 1.17 (Revenue 693.0m / 593.2m) |
| TATA: -0.01 (NI 92.8m - CFO 102.6m) / TA 899.6m) |
| Beneish M = -1.02 (Cap -4..+1) = D |
As of September 27, 2026, the stock is trading at EUR 28.20 with a total of 58,789 shares traded. Over the past week, the price has changed by +6.02%, over one month by +2.73%, over three months by -6.00% and over the past year by +24.23%.
Current recommended Stop Loss: 26.00 (which is 7.8% or 2.7 ATR below the current price).
Carel Industries S.p.A has no consensus analysts rating.
P/E Trailing = 32.439
P/S = 4.3181
P/B = 5.9038
Revenue TTM = 693.0m EUR
EBIT TTM = 106.0m EUR
EBITDA TTM = 148.1m EUR
Long Term Debt = 77.4m EUR (from longTermDebt, last quarter)
Short Term Debt = 18.3m EUR (from shortTermDebt, last quarter)
Debt = 150.1m EUR (from shortLongTermDebtTotal, last quarter) + Leases 30.9m
Net Debt = 23.8m EUR (calculated: Debt 150.1m - CCE 126.3m)
Enterprise Value = 3.02b EUR (2.99b + Debt 150.1m - CCE 126.3m)
Interest Coverage Ratio = 21.47 (Ebit TTM 106.0m / Interest Expense TTM 4.94m)
EV/FCF = 33.86x (Enterprise Value 3.02b / FCF TTM 89.1m)
FCF Yield = 2.95% (FCF TTM 89.1m / Enterprise Value 3.02b)
FCF Margin = 12.85% (FCF TTM 89.1m / Revenue TTM 693.0m)
Net Margin = 13.40% (Net Income TTM 92.8m / Revenue TTM 693.0m)
Gross Margin = 15.08% ((Revenue TTM 693.0m - Cost of Revenue TTM 588.5m) / Revenue TTM)
Gross Margin QoQ = 17.95% (prev 15.29%)
Tobins Q-Ratio = 3.35 (Enterprise Value 3.02b / Total Assets 899.6m)
Interest Expense / Debt = 3.29% (Interest Expense 4.94m / Debt 150.1m)
Taxrate = 22.68% (27.3m / 120.5m)
NOPAT = 82.0m (EBIT 106.0m * (1 - 22.68%))
Current Ratio = 1.60 (Total Current Assets 396.2m / Total Current Liabilities 248.2m)
Debt / Equity = 0.30 (Debt 150.1m / totalStockholderEquity, last quarter 506.8m)
Debt / EBITDA = 0.16 (Net Debt 23.8m / EBITDA 148.1m)
Debt / FCF = 0.27 (Net Debt 23.8m / FCF TTM 89.1m)
Total Stockholder Equity = 482.2m (last 4 quarters mean from totalStockholderEquity)
RoA = 10.67% (Net Income 92.8m / Total Assets 899.6m)
RoE = 19.25% (Net Income TTM 92.8m / Total Stockholder Equity 482.2m)
RoCE = 18.95% (EBIT 106.0m / Capital Employed (Equity 482.2m + L.T.Debt 77.4m))
RoIC = 12.91% (NOPAT 82.0m / Invested Capital 635.1m)
WACC = 8.41% (E(2.99b)/V(3.14b) * Re(8.70%) + D(150.1m)/V(3.14b) * Rd(3.29%) * (1-Tc(0.23)))
Discount Rate = 8.70% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -16.19 | Cagr: -0.70%
[DCF] Terminal Value 74.07% ; FCFF base≈92.2m ; Y1≈86.3m ; Y5≈79.6m
[DCF] Fair Price = 10.86 (EV 1.25b - Net Debt 23.8m = Equity 1.22b / Shares 112.5m; r=8.41% [WACC]; 5y FCF grow -8.01% → 2.50% )
EPS Correlation: 13.96 | EPS CAGR: 2.58% | SUE: 0.96 | # QB: 1
Revenue Correlation: 16.90 | Revenue CAGR: 1.06% | SUE: 3.36 | # QB: 1
EPS current Quarter (2026-09-30): EPS=0.21 | Chg30d=+16.67% | Revisions=+25% | Analysts=1
EPS current Year (2026-12-31): EPS=0.82 | Chg30d=-2.36% | Revisions=+67% | GrowthEPS=+25.6% | GrowthRev=+18.4%
EPS next Year (2027-12-31): EPS=0.88 | Chg30d=+1.92% | Revisions=+62% | GrowthEPS=+12.9% | GrowthRev=+11.4%
[Analyst] Revisions Ratio: +80% (up=12, down=0)