Rankings Machinery & automation Interpump
Interpump
86
15070100
A view of the same findings, not a new score. How it works
In the 70+ zone: a score above 70 with more than 20% upside to the median analyst target.
Biggest deductions
- Quality of growth−4
- ROIC−4
- The Water division is falling−3
Strengths
- Buybacks+2
- Cash flow and debt reduction+1
- Volume turnaround in hydraulics+1
How the score is built
From 100 to 86, step by step: points off for the business, the price and the cracks, back for documented strengths, then three data adjustments.
Start
Score
Hover or select a step to see what drove it. Steps with findings open them below.
Key numbers
As of 3 Nov 2026. Analyst targets tend to be optimistic; read upside as a hint, not a forecast.
- Price
- 38.20 EUR
- Median analyst target
- 47.00 EUR
- Upside to median
- +23.0%
- Analysts
- 8
- Target range
- 39.50 – 53.00 EUR
- 52-week change
- −15%
- P/E (trailing)
- 19.1
- Forward P/E
- 17.1
- PEG
- 1.90
Findings
Every deduction and every plus, with its source. Open a step to read them.
Business
Is the company getting stronger, not just bigger? · 4 findings−11 of −30
- −4Quality of growthRevenue has fallen from €2.24bn (2023) to €2.08bn TTM, and EPS from €2.56 to €2.00; organic growth was only +0.7% in H1 2026. Historically growth has largely been bought (106 acquisitions, 2–4 a year).
- −4ROICROIC has fallen from 14.0–13.9% (2022–2023) to 9.3% TTM, below stockanalysis' WACC of 10.1%; ROE from 18.6% to 10.3%. The acquisitions earn a poorer return than before, and P/TBV 3.1 shows a goodwill-heavy balance sheet.
- −1MarginThe EBITDA margin fell to 22.4% in the first half from 23.2%, and guidance is 22–22.5% for 2026; the operating margin is 15.7% TTM vs 18.6% in 2023.
- −2Future segmentHydraulics (about 2/3 of revenue) is sold to mature end markets such as construction machinery, agriculture and trucks; management's own target is only €2.5bn in revenue in 2028 (+20% cumulatively) with an unchanged margin of around 22.5%.
Price
Today's multiples against the company's own history and its peers. · 1 finding−2 of −35
- −2Multiples vs own history and peersForward P/E 15.6 vs 16.1–29.6 in 2021–2025, EV/EBITDA 9.1 vs 10.7–18.9 and P/FCF 14.2 vs 20–56: below its own history. But the historical premium was for growth, which has disappeared, and trailing P/E 17.8 is not cheap for a company with falling EPS.
Cracks
Cash flow, customers, debt, insiders, guidance and what sits behind the headline numbers. · 1 finding−3 of −35
- −3The Water division is fallingThe Water division (highest margin, about 1/3 of revenue) fell 13% in revenue to €176.9m and 20% in EBITDA to €46.8m in Q2 due to weaker demand from shipping, marine and chemicals; −6.9% organically in H1.
Plus
Only documented strengths. · 3 findings+4 of +15
- +2BuybacksBuybacks (€47m) plus dividend (€36m) TTM are clearly below FCF (€263m); the share count has fallen 0.5% over a year, and the dividend has been raised 11 years in a row.
- +1Cash flow and debt reductionFCF rose from €171m (2023) to €263m TTM (FCF margin 12.6%) as investments fell; net debt is 0.7x EBITDA, and management aims to be debt-free in 2028.
- +1Volume turnaround in hydraulicsHydraulics grew 6.2% organically in Q2, the fourth consecutive quarter of growth, and the EBITDA margin rose to 21.2%, driven by machinery, construction and trucks in North America and Asia; guidance confirmed in the upper half.
Caveats
What the score does not capture, or where the data is weak.
Price targets were last updated 6 Aug 2026 (8 analysts, median €48); the upside rests on expected EPS growth of +10% in 2026 and +12% in 2027, while guidance is only −2% to +3% organic growth. Forward EPS is adjusted. The founder Fulvio Montipò has been re-elected as executive chairman to 2028, with Fabio Marasi as CEO; Gruppo IPG Holdings' ownership share has not been checked (stockanalysis shows insiders 1.48%, free float 78 of 105m shares). US exposure, tariffs and credit rating have not been examined. Stockanalysis' WACC (10.1%) is based on beta 1.28 and is high for an industrial company.
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