Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Indel B S.p.A. is an Italy-based company specializing in the design, manufacturing, and marketing of energy-efficient cooling and refrigeration systems. Founded in 1967, it pioneered the semi-hermetic compressor for small-space refrigeration, starting with 12/24V refrigerators ideal for vehicles, boats, and leisure activities. A notable milestone came in 1982 when NASA selected its products for the Space Shuttle Columbia due to their functionality in weightless conditions. The company operates primarily in two sectors: Horeca, supplying minibars, electronic safes, LED TVs, hairdryers, lighting, and wine cellars to international hotel chains and cruise lines; and Mobile Refrigeration, producing units for trucks from manufacturers like Scania, Iveco, DAF, Renault, and Volvo. Additional offerings include vehicle air conditioning, marine solutions, automotive systems, outdoor adventure products, and wine/coffee appliances. With over 800 employees across facilities in Sant’Agata Feltria and Secchiano di Novafeltria, Indel B S.p.A. serves customers on five continents, emphasizing low energy consumption, environmental sustainability, and innovation in hospitality, transportation, and recreational markets.
Operating margin is thin at 5.82%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue growth slowed to 1.9%, essentially flat. This is a business that needs a catalyst.
Insufficient data to identify specific risks. Treat any missing metrics as a data gap, not a clean bill of health.
Profitability & Returns
Revenue (TTM)
€206M
▲ +1.9% YoY
Net Income (TTM)
€20M
▲ +88.1% YoY
Op. Margin
5.82%
▼ -0.9pp YoY
ROIC
6.11%
▼ -0.1pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
€11M
▲ +25.8% YoY
Op. Cash Flow (TTM)
€34M
▲ +95.5% YoY
Net Debt
€17M
Cash & Equiv.
€29M
3Y CAGR: -2.9%
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