Indra Sistemas SA (ES:IDR)
BME:IDR
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Indra Sistemas
(BME:IDR)
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Rating:68Neutral
Price Target:
€59.00
▲(7.35% Upside)
Action:Reiterated
Date:03/01/26
The score is driven primarily by improved profitability and solid cash generation, but is held back by 2025’s sharp revenue and gross-margin deterioration plus higher leverage. Technically, the stock shows strong upward momentum versus key moving averages, while valuation is mixed with a higher P/E partly offset by the provided dividend yield.
Positive Factors
Improved profitability & cash conversion
Material improvement in profitability and consistent free cash flow conversion increases the firm’s ability to fund operations, invest in products, and honor long-term contracts. Reliable cash conversion reduces refinancing dependency and bolsters resilience through project timing cycles.
Negative Factors
2025 revenue and gross-margin decline
A sharp top-line contraction and gross-margin deterioration signal structural pressure from pricing, contract mix, or execution. That weakens visibility into sustainable earnings, risks margin normalization below recent levels, and makes cash flow and profitability projections less reliable.
Read all positive and negative factors
Positive Factors
Negative Factors
Improved profitability & cash conversion
Material improvement in profitability and consistent free cash flow conversion increases the firm’s ability to fund operations, invest in products, and honor long-term contracts. Reliable cash conversion reduces refinancing dependency and bolsters resilience through project timing cycles.
Read all positive factors
Indra Sistemas (IDR) vs. iShares MSCI Spain ETF (EWP)
Market Cap
€9.47B
Dividend Yield0.52%
Average Volume (3M)845.63K
Price to Earnings (P/E)20.9
Beta (1Y)0.78
Revenue Growth15.07%
EPS Growth64.92%
CountryES
Employees60,598
SectorGeneral
Sector StrengthN/A
IndustryInformation Technology Services
Share Statistics
EPS (TTM)2.04
Shares Outstanding176,654,400
10 Day Avg. Volume936,783
30 Day Avg. Volume845,628
Financial Highlights & Ratios
PEG Ratio0.34
Price to Book (P/B)4.92
Price to Sales (P/S)1.56
P/FCF Ratio19.07
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€71.00Price Target Upside29.18% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)2.69
Revenue Forecast (FY)€6.93B
Indra Sistemas Business Overview & Revenue Model
Company Description
Indra Sistemas, S.A. operates as a leading global technology and consulting company, delivering a comprehensive suite of solutions and services. The firm specializes in the entire lifecycle of technology, from design, development, and production t...
How the Company Makes Money
Indra makes money primarily by selling technology services and systems to enterprise and government customers under a mix of project-based and recurring contracts. Key revenue streams include: (1) Systems integration and bespoke projects: designin...
Indra Sistemas Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
58
Neutral
Cash Flow
69
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 5.46B | 4.84B | 4.34B | 3.85B | 3.39B |
| Gross Profit | 1.29B | 1.68B | 1.08B | 1.29B | 1.04B |
| EBITDA | 591.14M | 545.28M | 474.39M | 388.86M | 340.79M |
| Net Income | 435.83M | 277.54M | 205.75M | 171.90M | 143.37M |
Balance Sheet | |||||
| Total Assets | 9.36B | 4.96B | 4.72B | 4.54B | 4.54B |
| Cash, Cash Equivalents and Short-Term Investments | 976.19M | 556.58M | 656.29M | 974.10M | 1.26B |
| Total Debt | 3.36B | 850.87M | 822.53M | 1.24B | 1.72B |
| Total Liabilities | 7.23B | 3.64B | 3.59B | 3.53B | 3.69B |
| Stockholders Equity | 1.73B | 1.30B | 1.12B | 987.01M | 820.17M |
Cash Flow | |||||
| Free Cash Flow | 447.15M | 339.89M | 316.81M | 296.14M | 295.48M |
| Operating Cash Flow | 491.23M | 450.89M | 379.52M | 350.26M | 344.64M |
| Investing Cash Flow | -904.98M | -81.91M | -274.27M | -55.27M | -26.77M |
| Financing Cash Flow | 810.04M | -333.72M | -439.63M | -605.62M | -269.20M |
Indra Sistemas Technical Analysis
Positive
54.96
Price Trends
52.81
Positive
53.20
Positive
49.51
Positive
Market Momentum
0.75
Positive
48.79
Neutral
43.06
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ES:IDR, the sentiment is Positive. The current price of 54.96 is above the 20-day moving average (MA) of 54.85, above the 50-day MA of 52.81, and above the 200-day MA of 49.51, indicating a neutral trend. The MACD of 0.75 indicates Positive momentum. The RSI at 48.79 is Neutral, neither overbought nor oversold. The STOCH value of 43.06 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for ES:IDR.
Indra Sistemas Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | €9.47B | 20.85 | 27.79% | 0.52% | 15.07% | 64.92% | |
66 Neutral | €1.43B | 11.51 | 16.70% | 4.98% | -1.72% | 37.69% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
54 Neutral | €315.83M | 65.50 | 4.21% | ― | 21.31% | -12.38% | |
47 Neutral | €465.70M | 45.60 | 9.35% | 2.48% | -9.35% | -67.40% |
* General Sector Average
ES:IDR
Indra Sistemas
55.06
21.07
61.97%
ES:AMP
Amper SA
0.20
0.05
36.00%
ES:PSG
Prosegur Compania de Seguridad
2.69
0.05
2.01%
ES:DOM
Global Dominion Access SA
3.11
0.13
4.33%
ES:IZER
Izertis SA
9.08
-0.08
-0.87%
ES:ATSI
Aplicaciones y Tratamiento de Sistemas, S.A.
4.20
0.42
11.11%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.