Added to YB: 2026-06-09
Pitch date: 2026-06-05
IDR.MC [bullish]
Indra Sistemas, S.A.
+4.4%
current return
Author Info
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Company Info
Indra Sistemas, S.A., together with its subsidiaries, provides technology services for the defense, aerospace, and advanced digital technologies sectors in Spain, Brazil, the rest of America, Italy, the rest of Europe, Asia, the Middle East, and Africa.
Market Cap
EUR 9.7B
Pitch Price
EUR 54.50
Price Target
N/A
Dividend
0.54%
EV/EBITDA
13.93
P/E
21.56
EV/Sales
1.59
Sector
IT Services
Category
turnaround
Indra Sistemas (Madrid: IDR): A Spanish IT House Quietly Becoming a Defense Champion
IDR.MC: Spanish defense champion (SEPI owns 28%) re-rating from IT-services to defense. Defense ~18% margins, €20B+ backlog (3x YoY), net cash. Overlooked ATM/radar franchise + FAA US beachhead; high-margin space arm (Hispasat, IRIS², 39% EBITDA). Trades ~1x sales/low-teens EV/EBIT vs peers. Risks: CEO churn, EM&E merger overhang, govt control.
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