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Neodecortech SpA
(NDT)
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Rating:78Outperform
Price Target:
€6.50
▲(70.16% Upside)
Action:Reiterated
Date:08/11/26
The score is driven primarily by improving financial performance (higher TTM profitability, healthier leverage, and positive free cash flow) and a very attractive valuation (low P/E with a moderate dividend). Technicals are supportive via a strong uptrend, but the overbought RSI meaningfully tempers the overall score due to near-term pullback risk.
Positive Factors
Improving Profitability
Net margin expanding to ~7% demonstrates the company has recently converted revenue into sustainable earnings more effectively. Higher margins support durable cash generation, improve return on capital, and give management more flexibility for reinvestment, dividends, or debt reduction if maintained.
Negative Factors
Cash-Flow Volatility
Historic swings to negative free cash flow highlight operational sensitivity to working-capital swings and cyclical demand. This volatility complicates forecasting, increases reliance on liquidity buffers, and can constrain investment plans or dividend consistency during weaker cycles.
Read all positive and negative factors
Positive Factors
Negative Factors
Improving Profitability
Net margin expanding to ~7% demonstrates the company has recently converted revenue into sustainable earnings more effectively. Higher margins support durable cash generation, improve return on capital, and give management more flexibility for reinvestment, dividends, or debt reduction if maintained.
Read all positive factors
Neodecortech SpA (NDT) vs. iShares MSCI Italy ETF (EWI)
Market Cap
€73.98M
Dividend Yield2.8%
Average Volume (3M)7.73K
Price to Earnings (P/E)5.6
Beta (1Y)0.40
Revenue Growth10.12%
EPS Growth138.72%
CountryIT
Employees443
SectorBasic Materials
Sector Strength58
IndustryPaper, Lumber & Forest Products
Share Statistics
EPS (TTM)0.96
Shares Outstanding14,218,021
10 Day Avg. Volume9,511
30 Day Avg. Volume7,731
Financial Highlights & Ratios
PEG Ratio0.09
Price to Book (P/B)0.63
Price to Sales (P/S)0.29
P/FCF Ratio3.91
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)0.77
Revenue Forecast (FY)€187.70M
Neodecortech SpA Business Overview & Revenue Model
Company Description
Neodecortech S.p.A. engages in the production and marketing of decorative papers for the industrial sectors of wood and furnishing accessories in Italy, Europe, Asia, the Middle East, the United States, and Africa. The company offers decorative pa...
How the Company Makes Money
NDT makes money by selling decorative surface materials to industrial customers in the wood-based panel and furniture manufacturing ecosystem. Its core revenue stream is the sale of decorative papers and impregnated decorative papers (e.g., melami...
Neodecortech SpA Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
78
Positive
Cash Flow
70
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 192.39M | 187.29M | 172.52M | 168.40M | 203.62M | 178.54M |
| Gross Profit | 51.03M | 32.33M | 64.35M | 33.60M | 70.13M | 64.60M |
| EBITDA | 27.43M | 17.57M | 16.84M | 13.86M | 21.29M | 18.36M |
| Net Income | 13.52M | 7.33M | 4.06M | 2.85M | 8.44M | 6.69M |
Balance Sheet | ||||||
| Total Assets | 187.53M | 184.80M | 173.47M | 164.80M | 168.75M | 169.11M |
| Cash, Cash Equivalents and Short-Term Investments | 10.94M | 15.03M | 12.48M | 12.16M | 12.04M | 13.49M |
| Total Debt | 30.73M | 45.95M | 45.66M | 38.02M | 42.78M | 42.84M |
| Total Liabilities | 94.24M | 98.03M | 92.74M | 87.34M | 91.48M | 98.65M |
| Stockholders Equity | 93.27M | 86.82M | 80.76M | 77.46M | 77.27M | 70.47M |
Cash Flow | ||||||
| Free Cash Flow | 28.60M | 13.88M | -6.69M | 7.32M | -3.58M | 8.20M |
| Operating Cash Flow | 36.63M | 21.85M | 3.49M | 13.75M | 5.61M | 17.95M |
| Investing Cash Flow | -15.01M | -14.78M | -10.13M | -6.45M | -9.31M | -9.38M |
| Financing Cash Flow | -17.27M | -5.63M | 6.96M | -7.19M | 2.25M | -2.61M |
Neodecortech SpA Technical Analysis
Positive
3.82
Price Trends
4.92
Positive
4.40
Positive
3.91
Positive
Market Momentum
0.09
Positive
58.60
Neutral
26.84
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IT:NDT, the sentiment is Positive. The current price of 3.82 is below the 20-day moving average (MA) of 5.35, below the 50-day MA of 4.92, and below the 200-day MA of 3.91, indicating a bullish trend. The MACD of 0.09 indicates Positive momentum. The RSI at 58.60 is Neutral, neither overbought nor oversold. The STOCH value of 26.84 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IT:NDT.
Neodecortech SpA Peers Comparison
UnderperformOutperform
Sector (61)
IT:NDT
Neodecortech SpA
5.36
2.43
82.94%
IT:ICF
Industrie Chimiche Forestali SpA
6.50
0.35
5.74%
Neodecortech SpA Corporate Events
Neodecortech Boosts Profitability and Balance Sheet on Lamitex Integration
Aug 5, 2026
Neodecortech reported sharply higher profitability in the first half of 2026, as EBITDA jumped 69.2% to 15.6 million euros and net profit more than tripled to 9.1 million euros, on revenues of 97.7 million euros. The figures reflect market share g...
Neodecortech lifts treasury share holdings to 3.8% through latest buyback
Jul 31, 2026
Neodecortech S.p.A., a major European supplier of decorative surfaces for interior design panels and flooring, reported new treasury share purchases executed on the Euronext STAR Milan segment. The company continues to leverage its listed status t...
Neodecortech Expands Treasury Shareholding with July Buybacks
Jul 24, 2026
Neodecortech S.p.A., a major European player in decorative surfaces for interior design, operates a vertically integrated model that spans decorative paper production, surface finishing, impregnation, and end-of-line logistics. Its portfolio inclu...
Neodecortech boosts treasury share holdings with July buybacks
Jul 10, 2026
Neodecortech S.p.A. has continued its treasury share buyback program, purchasing 5,500 shares on Euronext Milan between 6 and 10 July 2026 at a weighted average price of €4.6392, for a total outlay of €25,515.53. These latest transacti...
Neodecortech lifts treasury stake to 3.68% with latest share buyback
Jul 3, 2026
Neodecortech S.p.A. has continued its share buyback programme, purchasing 6,500 treasury shares on Euronext Milan between 29 June and 03 July 2026 at a weighted average price of €4.4233, for a total outlay of €28,751.38. Following thes...
Neodecortech Lifts Treasury Stake with June Share Buybacks
Jun 26, 2026
Neodecortech S.p.A., listed on Euronext STAR Milan, has continued its share buyback programme, purchasing 6,000 treasury shares between 22 and 26 June 2026 at a weighted average price of €4.3435, for a total outlay of €26,060.91. The t...
Neodecortech Increases Treasury Stock with June Share Buybacks
Jun 19, 2026
Neodecortech S.p.A., a key European player in decorative surfaces for interior design, continues to expand its integrated offering of decorative papers, finishes and laminates for panels and flooring. Its vertical value chain enables control over ...
Neodecortech lifts treasury stake with fresh June share buybacks
Jun 5, 2026
Neodecortech S.p.A., listed on the Euronext STAR Milan segment, has continued its share buyback programme, reinforcing its position as a key Italian player in decorative surfaces for interior design applications. The company’s integrated pro...
Neodecortech lifts treasury stake to 3.53% with latest buyback tranche
May 29, 2026
Neodecortech S.p.A. has continued its share buyback activity, acquiring 8,000 treasury shares on Euronext Milan between 25 and 29 May 2026 at a weighted average price of €4.1057, for a total outlay of €32,845.83. Following these purcha...
Neodecortech Publishes Shareholders’ Meeting Minutes to Boost Governance Transparency
May 26, 2026
Neodecortech S.p.A., a leading European producer of decorative surfaces for interior design applications, provides integrated solutions covering the full production chain of decorative papers and related materials for panel and flooring manufactur...
Neodecortech Increases Treasury Share Holding to 3.474% of Capital
May 22, 2026
Neodecortech S.p.A., a major European supplier of decorative surfaces for interior design applications, reported further progress in its treasury share buyback programme. The company operates across the full decorative paper value chain, from raw ...
Neodecortech Delivers Profit Surge and Stronger Balance Sheet in Q1 2026
May 13, 2026
Neodecortech reported a strong first quarter of 2026, with net revenues rising 8% year on year to €47.1 million, driven by the consolidation of Lamitex and growth in printed decorative paper, despite weaker energy and decorative paper revenu...
Neodecortech discloses Azimut stake drop below 5% threshold
May 11, 2026
Neodecortech S.p.A., a key European player in decorative surfaces for interior design applications, reported a change in its shareholder structure following a recent notification from Azimut Investments S.A. The company, listed on Euronext STAR Mi...
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.