olivLaw · European equity research
"interpump Group S.p.a." IP.MI
Italy · Euronext Milan · ISIN IT0001078911 · Vertical: Listed companies from Italy
At the close of 09 Nov 2026, "interpump Group S.p.a." (IP.MI) stock was 38.72 EUR (+1.26% on the day), with market capitalisation 4.1 bn EUR, P/E 19.9 on diluted EPS of 1.95 EUR over the last 12 months, dividend yield 0.88%, beta 1.31, 52-week range 30.98–51.00 EUR.
Data as of · Source: ESEF annual reports and closing prices, computed by olivLaw.
Price history
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Technical reading
- RSI (14)
- 60.7
- strong (55–70)
- Bollinger (20, 2)
- 35.05 – 39.32
- in the upper half of the band · %B 0.86 · band width 11.5%
- SMA 50 / 200
- 36.36 / 36.64
- mixed trend
- MACD (12, 26, 9)
- 0.67 / 0.51
- MACD above signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | EURO STOXX 50 | vs EURO STOXX 50 | Vertical median | |
|---|---|---|---|---|
| 1 month | +7.0% | +1.9% | +5.1 pp | — |
| 3 months | +2.8% | −3.8% | +6.5 pp | — |
| 6 months | +7.1% | +6.7% | +0.4 pp | — |
| Year to date | −17.2% | +8.5% | −25.8 pp | — |
| 1 year | −8.5% | +13.0% | −21.6 pp | −5.2% |
| 3 years | −7.3% | +49.9% | −57.1 pp | +6.7% |
| 5 years | −42.2% | +44.6% | −86.8 pp | — |
Price returns, dividends excluded.
Quarterly results
ESEF annual reports carry no quarters: the results are annual (below).
E/P over time
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Today's P/E sits at the 33 percentile of its own 3-quarter history (min 18.3, median 20.1, max 24.0; quarters with earnings only).
Fiscal years
| Fiscal year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 2.2 bn | 2.1 bn | 2.1 bn |
| Revenue YoY | unavailable | −7.2% | −0.4% |
| Net income | 274.3 m | 227.1 m | 208.1 m |
| Net income YoY | unavailable | −17.2% | −8.3% |
| Diluted EPS | 2.56 | 2.12 | 1.95 |
| Diluted EPS YoY | unavailable | −17.1% | −8.0% |
| net % | 12.2% | 10.9% | 10.1% |
| Free cash flow | 170.8 m | 227.9 m | 242.2 m |
Balance sheet & financial health
Fiscal year 2025 · 31 Dec 2025
- Cash
- 415.7 m EUR
- Financial debt
- 673.1 m EUR
- Net debt
- 257.4 m EUR
- Equity
- 2.1 bn EUR
- Total assets
- 3.4 bn EUR
- Debt / equity
- 0.32x
- Current ratio
- unavailable
- ROE
- 10.1%
- ROA
- 6.1%
- FCF margin
- 11.7%
Financial statements (source on every figure)
Revenue and net income (EUR)
Margins
Income statement · EUR
| Line | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|
| Revenue | 2.2 bn | 2.1 bn | 2.1 bn | esef· 07 Apr 2026verified |
| Cost of revenue | 1.5 bn | 1.4 bn | 1.3 bn | esef· 07 Apr 2026verified |
| Gross profit | 780.0 m | 713.6 m | 730.8 m | esef· 07 Apr 2026verified |
| Operating income | 428.8 m | 337.8 m | 336.6 m | esef· 07 Apr 2026verified |
| Interest expense | 78.2 m | 62.4 m | 65.3 m | esef· 07 Apr 2026verified |
| Pre-tax income | 377.8 m | 311.0 m | 298.8 m | esef· 07 Apr 2026verified |
| Income tax | 100.3 m | 82.6 m | 89.1 m | esef· 07 Apr 2026verified |
| Net income | 274.3 m | 227.1 m | 208.1 m | esef· 07 Apr 2026verified |
| Diluted EPS | 2.56 | 2.12 | 1.95 | esef· 07 Apr 2026verified |
| Dividend per share | 0.33 | 0.32 | 0.34 | esef· 07 Apr 2026derived |
Balance sheet · EUR
| Line | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|
| Cash | 334.5 m | 392.6 m | 415.7 m | esef· 07 Apr 2026verified |
| Inventories | 696.4 m | 700.6 m | 679.0 m | esef· 07 Apr 2026verified |
| Current assets | 1.5 bn | 1.6 bn | — | esef· 15 Apr 2025verified |
| Property, plant & equipment, net | 785.9 m | 853.7 m | 844.6 m | esef· 07 Apr 2026verified |
| Goodwill | 784.6 m | 837.8 m | 865.8 m | esef· 07 Apr 2026verified |
| Intangibles (excl. goodwill) | 70.8 m | 76.9 m | 74.1 m | esef· 07 Apr 2026verified |
| Total assets | 3.2 bn | 3.4 bn | 3.4 bn | esef· 07 Apr 2026verified |
| Short-term debt | 264.9 m | 241.9 m | 232.0 m | esef· 07 Apr 2026verified |
| Long-term debt | 503.6 m | 526.5 m | 441.1 m | esef· 07 Apr 2026verified |
| Current liabilities | 787.2 m | 698.5 m | 702.9 m | esef· 07 Apr 2026verified |
| Total liabilities | 1.4 bn | 1.4 bn | 1.3 bn | esef· 07 Apr 2026verified |
| Equity | 1.8 bn | 2.0 bn | 2.1 bn | esef· 07 Apr 2026verified |
| Shares outstanding at year end | 106.9 m | 106.9 m | 106.5 m | esef· 07 Apr 2026derived |
Cash flow · EUR
| Line | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|
| Operating cash flow | 332.6 m | 357.1 m | 334.0 m | esef· 07 Apr 2026verified |
| Capex | 161.7 m | 129.2 m | 91.8 m | esef· 07 Apr 2026verified |
| Free cash flow | 170.8 m ≈ | 227.9 m ≈ | 242.2 m ≈ | esef· 07 Apr 2026derived |
| Investing cash flow | -199.5 m | -215.6 m | -129.6 m | esef· 07 Apr 2026verified |
| Financing cash flow | -175.2 m | -64.7 m | -172.0 m | esef· 07 Apr 2026verified |
| Dividends paid | 34.8 m | 35.0 m | 36.2 m | esef· 07 Apr 2026verified |
| Share repurchases | 0 | 10.3 m | 16.6 m | esef· 07 Apr 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating cash flow − Capex.
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
1 indicators that do not apply to the sector.
Valuation
olivLaw classification
- score weight coverage: 58.3% of at least 60%
A scoring methodology on indicators and valuation, not investment advice.
Closing price
09 Nov 2026Source: olivLaw, closing series
Market cap: 4.1 bn EUR
Key indicators
Coverage and freshness
Score by group
58% · Insufficient data
Estimated value range
The combined range = the median of the valid methods' low, central and high values; it is not a probability interval and does not cover every result. Envelope of all methods: 12.41 – 57.20 EUR.
Methods computed but outside the aggregate range: Dividend discount (DDM) (a small share of earnings is paid as dividends (capital returns through buybacks): the dividend model does not describe the value and stays outside the aggregate).
Valuation assumptions are editorial choices, not measured; beta is not measured.
Method ranges (EUR per share)
— — Mid · ▏ Price
Valuation methods
- DCF (discounted cash flow)33.97 – 57.20 (Mid 42.60)WACC 7.8% · starting FCFF 288.0 m EUR · terminal value share of EV 76%The WACC × g sensitivity gives the method's bounds; these are not probabilities.Reverse DCF: starting growth implied by the price (fading linearly to terminal growth, everything else fixed): -4.1%
- Peers: EV/EBITDAunavailable · input data missing
- Peers: P/E12.41 – 44.58 (Mid 25.83)20 companies used · median multiple 13.2x · quartiles 6.4x – 22.9xAC5.MI, ACE.MI, ADB.MI, AEF.MI, AMP.MI, ARN.MI, ASC.MI, BC.MI, BEC.MI, CAI.MI, CIR.MI, CLF.MI, CMB.MI, COM.MI, CRL.MI, CY4.MI, DEX.MI, DIA.MI, DLG.MI, DNR.MI
- Dividend discount (DDM)outside the aggregate4.62 – 6.31 (Mid 5.34)a small share of earnings is paid as dividends (capital returns through buybacks): the dividend model does not describe the value and stays outside the aggregate
Assumptions (illustrative, editorial)
- Risk-free rate
- 3.0%
- Equity risk premium
- 5.5%
- Beta (default)
- 1.00
- Cost of equity
- 8.5%
- Terminal growth
- 2.0%
Factor scorecard
Insufficient data
Minimum-evidence gate: score weight coverage: 58.3% of at least 60%
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROIC · Quality | 9.9% | 64 (vs peers) | 18% |
| Net margin · Quality | 10.1% | 67 (vs peers) | 11% |
| FCF conversion · Quality | 116.4% | 100 (on a fixed band) | 11% |
| Revenue CAGR 3Y · Growth | unavailable | unavailable | — |
| EPS CAGR 3Y · Growth | unavailable | unavailable | — |
| Net debt / EBITDA · Balance sheet | unavailable | unavailable | — |
| Interest coverage · Balance sheet | 5.2x | 56 (on a fixed band) | 11% |
| Current ratio · Balance sheet | unavailable | unavailable | — |
| P/E (TTM) · Valuation | 19.9x | 36 (vs peers) | 18% |
| EV/EBITDA · Valuation | unavailable | unavailable | — |
| FCF yield · Valuation | 5.9% | 73 (on a fixed band) | 14% |
| Shareholder yield (distributions) · Returns | 1.3% | 18 (on a fixed band) | 11% |
| Payout ratio (FCF) · Returns | 14.9% | 100 (on a fixed band) | 7% |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet· partial56/100 · 1/3 factors with a value
- Growth· partialunavailable · 0/2 factors with a value
- Quality75/100 · 3/3 factors with a value
- Returns51/100 · 2/2 factors with a value
- Valuation53/100 · 2/3 factors with a value
A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.
Memo
"INTERPUMP GROUP S.P.A." (IP.MI). Latest full fiscal year: 2025; data up to 2025-12-31.
Figures computed from the financial statements: revenue 2.1 bn EUR in 2025; YoY growth -0.4%; net margin 10.1%; ROE 10.1%.
The estimated value range is 23.19–50.89 EUR per share (median of 2 methods, agreement: high); assumptions are illustrative. Against the central value of 34.21 EUR, the price of 38.72 EUR leaves a potential of -11.6% (value / price − 1) and a margin of safety of -13.2% (1 − price / value). The range is the median of the methods' low, central and high values, not a probability interval.
Insufficient data for a verdict (score weight coverage: 58.3% of at least 60%).
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- FCF conversion: 116.4%
- FCF yield: 5.9%
- Payout ratio (FCF): 14.9%
What contradicts it
- Shareholder yield (distributions): 1.3%
Not assessed (insufficient data or a ratio without meaning): Revenue CAGR 3Y, EPS CAGR 3Y, Net debt / EBITDA, Current ratio, EV/EBITDA.
Versus the vertical median
Listed companies from Italy · same country · compared with 39 companies
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| DLG.MIDe' Longhi S.p.a. | 6.9 bn | 21.7 | 15.4% | 8.4% | +8.7% | +25% / +62% |
| ACE.MIAcea S.p.a. | 4.6 bn | 9.6 | 18.2% | 16.6% | +0.2% | −4% / +73% |
| DIA.MIDiasorin S.p.a. | 4.3 bn | 28.6 | 9.2% | 13.0% | +0.8% | +32% / −6% |
| IP.MI"interpump Group S.p.a." | 4.1 bn | 19.9 | 10.1% | 10.1% | −0.4% | −12% / −9% |
| CRL.MICarel Industries S.p.a. | 3.0 bn | 40.5 | 16.1% | 11.7% | +8.7% | +6% / +13% |
| AMP.MIAmplifon S.p.a. | 2.7 bn | 30.0 | 8.5% | 3.8% | −0.6% | −8% / −58% |
| COM.MIComer Industries S.p.a. | 1.3 bn | 18.8 | 12.8% | 7.1% | −23.0% | +9% / +65% |
| CMB.MICembre S.p.a. | 1.2 bn | 26.2 | 20.6% | 18.9% | +6.7% | +9% / +102% |
| DNR.MIIndustrie De Nora S.p.a. | 1.1 bn | 13.5 | 8.6% | 9.4% | +1.4% | −22% / −62% |
| ARN.MIAlerion Clean Power S.p.a. In Forma Abbreviata Alerion S.p.a. | 981.0 m | 10.5 | 23.5% | 41.0% | +1.8% | −3% / −22% |
| AVIO.MIAvio S.p.a. | 932.3 m | 91.6 | 2.1% | 1.8% | +21.5% | +25% / +313% |
| CIR.MICir S.p.a. - Compagnie Industriali Riunite | 805.6 m | 6.1 | 17.1% | 7.3% | +1.6% | +7% / +77% |
| ASC.MIAscopiave S.p.a. | 610.7 m | 17.0 | 4.2% | 17.5% | +13.4% | −13% / +25% |
| AC5.MIAcinque S.p.a. | 408.7 m | 19.4 | 4.1% | 3.6% | +0.2% | −7% / +7% |
| BAN.MIBasic Net S.p.a. | 348.4 m | — | -4.9% | -3.5% | +0.4% | −30% / +5% |
| ADB.MIAeroporto Guglielmo Marconi Di Bologna S.p.a. | 324.0 m | 13.0 | 11.1% | 13.7% | +9.2% | −2% / +12% |
| CAI.MICairo Communication S.p.a. | 291.2 m | 6.4 | 8.1% | 4.4% | −1.3% | −22% / +29% |
| ECNL.MIAquafil S.p.a. | 130.7 m | — | -3.2% | -0.9% | −3.9% | −0% / −52% |
| BEC.MIB&C Speakers S.p.a. | 119.3 m | 11.8 | 18.5% | 10.2% | −1.3% | −26% / −31% |
| ABT.MIAbitare In S.p.a. | 81.8 m | 297.0 | 0.4% | 0.4% | +39.8% | +1% / −43% |
| ELC.MIElica S.p.a. | 63.7 m | — | -7.8% | -2.2% | +1.9% | −35% / −49% |
| DEX.MIDexelance S.p.a. | 53.8 m | 3.0 | 11.0% | 5.4% | +12.6% | −61% / −77% |
| CLE.MIClass Editori S.p.a. | 34.7 m | — | -29.2% | -3.8% | −0.7% | −10% / +103% |
| CLF.MICaleffi - S.p.a. | 11.5 m | 5.1 | 10.9% | 3.8% | −2.5% | −5% / −11% |
| AEF.MIAeffe S.p.a. | 10.1 m | 0.5 | 21.9% | 7.7% | −21.3% | −59% / −86% |
1- and 3-year price returns: for IP.MI from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
The engine has no published run for this company yet.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.
Estimated price (EUR)
| Estimated price | Bear | Base | Bull |
|---|---|---|---|
| 1 years | 21.82 Total return -43% · Per year -43% | 38.68 Total return 1% · Per year 1% | 58.39 Total return 52% · Per year 52% |
| 3 years | 19.16 Total return -49% · Per year -20% | 38.39 Total return 2% · Per year 1% | 63.92 Total return 68% · Per year 19% |
| 5 years | 16.82 Total return -54% · Per year -14% | 38.10 Total return 3% · Per year 1% | 69.97 Total return 87% · Per year 13% |
- Exit P/E± 9.60
- Net margin± 6.72
- Annual revenue growth± 5.78
- Annual dilution± 0.56
AI analysis
The qualitative analysis has not been written for this company yet.
Products, market & competition
The qualitative analysis has not been written for this company yet.
News & filings
In the press
No news in our archive over the last 180 days.
Annual reports (ESEF)
- Annual report 202507 Apr 2026
- Annual report 202415 Apr 2025
Figures computed by olivLaw from ESEF annual reports and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.