(Teleborsa) – The investors are attracted to expanding size Of Icopfrom his operational resilience and his disciplined allocation of the capitalsupported by a low -employment growth model of capital and based on the orders portfolio, as well as by a clear strategy of M&A to growth of value and global diversification. Analysts write it of Alantraafter the Spanish broker hosted the corporate leaders for a meeting with investors.
Despite the security rally ( +127% since the beginning of the year, +110% in the 6 months and +215% from the IPO), icop continues to be listed at a discount compared to competitors in the period 2026/27while offering significantly higher profitability and growth: EBITDA margin of 18.8% compared to the median of competitors of 8.4% in the period 2025-2027, and an Ebitda Cagr of 21.8% in the period 2025-2027 compared to 6.1% of competitors.
Il 2026 will mark the First year complete with consolidation for ICOP, Agh and Pianingo. In 2026, the combined entity will be generated a total turnover of over 560 million euros, an Ebitda of around 110 million euros (margin of 20%) and a net profit of over 45 million euros, with a PFN (net debt) of approximately 92 million euros.
“At this point, the company would be ideally positioned for a second round of acquisitionwith a theoretical fire power over 100 million euros (assuming a net/Ebitda debt ratio of 1.8x), allowing it to pursue further growth without finding further capital from the market – writes – geographically, the US market represents a vast and high potential area for future growth, both organic and external. Another market with comparable characteristics and culture is Australia, which could offer similar expansion opportunities “.
(Teleborsa) 08-10-2025 09:32
