Added to YB: 2026-07-28
Pitch date: 2026-07-24
IDR.MC [bullish]
Indra Sistemas, S.A.
+4.32%
current return
Author Info
No bio for this author
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 9.3B
Pitch Price
EUR 53.74
Price Target
N/A
Dividend
0.56%
EV/EBITDA
11.78
P/E
21.24
EV/Sales
1.32
Sector
IT Services
Category
growth
Indra's Defense Pivot
IDR.MC: Spanish defense/tech champion (28% state-owned) pivoting from IT to A&D. H1 rev +30% (16% organic), backlog doubled to €20.5B, flipped to €1B net cash. Defense +59% organic at 17% margins ex-TESS. FAA radar beachhead underappreciated. Net profit +2% on M&A costs; FCF flattered by prepays; space bought not grown; new CEO, no strategic plan yet. Trades at discount to EU defense peers.
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