Intercos S.p.A. (ICOS) AI Stock Analysis

• Market Cap: €1.19B
• Dividend Yield: 1.63%
• Average Volume (3M): 73.90K
• Price to Earnings (P/E): 25.2
• Beta (1Y): 0.43
• Revenue Growth: 9.02%
• EPS Growth: 4.80%
• Country: IT
• Employees: 3,872
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Household & Personal Products
• EPS (TTM): 0.17
• Shares Outstanding: 96,364,020
• 10 Day Avg. Volume: 118,715
• 30 Day Avg. Volume: 73,901
• PEG Ratio: -3.73
• Price to Book (P/B): 2.81
• Price to Sales (P/S): 1.26
• P/FCF Ratio: 24.45
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: €16.74
• Price Target Upside: 38.58% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 5

• Rating: 65 Neutral
• Price Target: €13.00 ▲(7.62% Upside)

Intercos S.p.A. has a solid financial foundation with consistent revenue growth and stable margins, which is the most significant factor in its score. Technical indicators show short-term bullish momentum, but longer-term resistance is possible. The valuation suggests the stock may be slightly overvalued, with a modest dividend yield. The absence of earnings call insights and corporate events limits additional context.

Positive Factors

Revenue Growth

Consistent revenue growth indicates strong market demand and effective business strategies, enhancing long-term financial stability.

Stable Profitability Margins

Stable margins suggest efficient cost management and pricing strategies, supporting sustained profitability and competitive positioning.

Improved Leverage

Improved leverage enhances financial flexibility and reduces risk, enabling the company to invest in growth opportunities.

Negative Factors

Declining Free Cash Flow Growth

Declining free cash flow growth may limit the company's ability to fund new projects and return capital to shareholders, impacting future growth.

Decreased EBIT and EBITDA Margins

Decreased margins could indicate rising costs or pricing pressures, potentially affecting profitability if not addressed.

Cash Flow Management Challenges

Challenges in cash flow management can constrain operational flexibility and investment capacity, impacting long-term strategic initiatives.

Intercos S.p.A. Business Overview & Revenue Model

Company Description

Intercos S.p.A., together with its subsidiaries, manufactures and markets cosmetics for the treatment of skin, hair, and body care worldwide. The company offers foundation and concealers, face powders, eyeshadows, delivery systems and pencils, mascara, lipsticks and glosses, nail lacquers, face and eye care products, primers, skin perfectors, fixers and mists, masks, cleansing products, body and hair care, and grooming products. Intercos S.p.A. was founded in 1972 and is headquartered in Agrate Brianza, Italy.

How the Company Makes Money

Intercos S.p.A. generates revenue primarily through its comprehensive product development and manufacturing services offered to beauty brands worldwide. The company operates a business-to-business (B2B) model, collaborating with top-tier beauty companies to create and produce a diverse array of cosmetic and skincare products. Key revenue streams include the sale of manufactured products, research and development services, and innovative formula development. Intercos's ability to offer customized solutions and stay at the forefront of beauty trends enhances its appeal to clients, contributing significantly to its earnings. Strategic partnerships and collaborations with leading beauty brands further bolster its revenue potential.

Intercos S.p.A. Financial Statement Overview

Summary

Intercos S.p.A. demonstrates solid financial health with consistent revenue growth and stable profitability margins. The balance sheet shows improved leverage, while cash flow management remains an area for improvement due to recent declines in free cash flow growth.

Income Statement

Intercos S.p.A. shows a steady revenue growth with a TTM growth rate of 1.16%, indicating resilience in a competitive market. The gross profit margin remains stable at around 19.4%, and the net profit margin is consistent at approximately 4.6%. However, the EBIT and EBITDA margins have slightly decreased compared to previous years, suggesting potential cost pressures.

Balance Sheet

The company's debt-to-equity ratio has improved to 0.60, reflecting better leverage management. Return on equity is healthy at 10.6%, indicating effective use of equity. However, the equity ratio is moderate, suggesting a balanced but cautious approach to asset financing.

Cash Flow

Operating cash flow remains positive, but free cash flow growth has declined by 9.23% in the TTM period, signaling potential challenges in cash generation. The operating cash flow to net income ratio is stable, but the free cash flow to net income ratio is high at 95.5%, indicating strong cash conversion despite recent declines.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	1.09B	1.06B	988.22M	59.79M	43.20M	606.51M
Gross Profit	218.90M	207.00M	199.38M	65.83M	48.04M	124.38M
EBITDA	122.65M	112.75M	127.15M	118.47M	38.61M	80.83M
Net Income	47.58M	48.52M	52.34M	5.20M	19.62M	38.42M
Balance Sheet
Total Assets	1.01B	1.05B	980.93M	488.97M	473.82M	871.49M
Cash, Cash Equivalents and Short-Term Investments	126.19M	190.00M	158.13M	53.56M	71.57M	225.42M
Total Debt	261.02M	288.30M	258.61M	224.94M	240.68M	404.09M
Total Liabilities	537.23M	570.70M	531.39M	266.46M	268.16M	601.76M
Stockholders Equity	465.58M	476.70M	447.50M	222.51M	205.67M	269.73M
Cash Flow
Free Cash Flow	82.60M	54.80M	48.22M	-4.04M	-6.30M	49.97M
Operating Cash Flow	89.48M	99.40M	103.18M	9.38M	4.31M	91.47M
Investing Cash Flow	-70.63M	-61.40M	-53.72M	-46.51M	-26.15M	-55.32M
Financing Cash Flow	-1.78M	-2.16M	-77.58M	8.25M	-1.55M	100.06M

Intercos S.p.A. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 12.08
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IT:ICOS, the sentiment is Negative. The current price of 12.08 is above the 20-day moving average (MA) of 11.94, above the 50-day MA of 11.89, and below the 200-day MA of 12.96, indicating a neutral trend. The MACD of 0.10 indicates Negative momentum. The RSI at 51.39 is Neutral, neither overbought nor oversold. The STOCH value of 67.26 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IT:ICOS.

Intercos S.p.A. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ICOS	65 Neutral	€1.19B	25.16	―	1.63%	9.02%	4.80%
SFER	54 Neutral	861.52M	-6.32	-11.00%	1.99%	-8.65%	-1512.63%
AEF	47 Neutral	45.81M	3.95	15.77%	―	―	―
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%

Intercos S.p.A. Corporate Events

Intercos S.p.A. Launches Share Buyback Program and Appoints Interim CFO

Intercos S.p.A. has initiated a program to repurchase up to 4% of its own ordinary shares, with a maximum investment of 56 million euros. This move, approved by the Board of Directors, aims to support the company’s incentive plans and manage its securities warehouse. The program will be executed by Intermonte SIM S.p.A. and is subject to regulatory compliance, with a prohibition on trading the company’s stock during certain financial reporting periods. Additionally, Eng. Vittorio Brenna has been appointed as the interim Group Chief Financial Officer.

The most recent analyst rating on (IT:ICOS) stock is a Hold with a EUR12.00 price target. To see the full list of analyst forecasts on Intercos S.p.A. stock, see the IT:ICOS Stock Forecast page.

Intercos Releases Semi-Annual Financial Report for 2025

Intercos S.p.A. has announced the availability of its Semi-Annual Financial Report as of June 30, 2025, which was approved by the Board of Directors on August 4, 2025. This report is accessible to the public through various platforms, reflecting the company’s commitment to transparency and stakeholder engagement. This announcement underscores Intercos’s robust operational framework and its strategic positioning in the global cosmetics market.

The most recent analyst rating on (IT:ICOS) stock is a Buy with a EUR18.30 price target. To see the full list of analyst forecasts on Intercos S.p.A. stock, see the IT:ICOS Stock Forecast page.

Intercos S.p.A. Reports Strong H1 2025 Financial Performance

Intercos S.p.A. reported a 6.1% increase in sales at constant rates and a 16.5% rise in EBITDA for the first half of 2025, driven by strong makeup performance and improved profitability. Despite challenges in the global beauty market, the company maintained growth through strategic geographical diversification and efficient cost management, with Asia and America showing significant sales increases.

The most recent analyst rating on (IT:ICOS) stock is a Buy with a EUR18.30 price target. To see the full list of analyst forecasts on Intercos S.p.A. stock, see the IT:ICOS Stock Forecast page.