Stock · INH.DE · Industrials

Indus Holding AG

Germany · Small Cap · Revenue 12 mo. €1.9B

Price as of 11/06/2026

StockScorer score
2.7
of 10 3 of 11 points Low Match To the score
Price
€35.45
1 Y +56.8%
Market cap
€950.9M
Phase
Mature
core business profitable, revenue barely moving
Revenue −1.3% a year (3 years)EBIT margin 7.9%Payout 25.3% of operating cash flow

INDUS Holding AG is a private equity firm specializing in growth capital mergers and acquisitions and corporate spin-offs.

moreless

INDUS Holding AG is a private equity firm specializing in growth capital mergers and acquisitions and corporate spin-offs. The firm does not invest in retail and service companies, pure trading or consumer goods businesses, companies with significant dependencies on individual business partners, start-ups, turnarounds, mature businesses, and companies undergoing restructuring. The firm typically invests in middle market and mature companies. It primarily makes long-term investments in medium-sized manufacturing companies in energy and environmental technology; infrastructure and logistics technology, intelligent logistic infrastructure; materials solutions; engineering; automation, measurement and control technology; medical engineering; life science; construction and safety technology; industry; digitalization; green tech; medical equipment for the ageing society; innovative construction technology; and public and private security sectors. The firm acquires small and medium-sized companies based in Germany, Switzerland, Austria, and the German-speaking regions of Europe. It typically invests in companies with annual sales between "20 million ($21.71 million) and "100 million ($108.58 million), revenue up to "1740 million ($1992 million), equity rate above 30 percent, and EBITA "147.8 million ($169.25 million). It prefers to invest in companies with low level/no liabilities in banks. The firm seeks to take a majority stake in its portfolio companies initially and build it up to 100 percent. It prefers to acquire mainly owner-managed companies. It also seeks second-level acquisition opportunities. The firm invests through its balance sheet. INDUS Holding AG was founded in 1989 and is based in Bergisch Gladbach, Germany with additional office in Bergisch Gladbach, Germany.

Original text from the data provider

Summary

Indus Holding AG is around the middle of the Industrials sector overall

55.5 of 100

Mean of the six area values. Each area value is the mean of the stock's ranks among the companies in its sector. 50 is the middle of the sector, not a share of companies beaten.

Analysis

What the price requires

The market value is below the value without growth: the price requires no FCF growth.

Required FCF growth per year

no growth

no growth afterwards

Valuation against its own history

Price to operating cash flow 7.6×, above its usual range.

Middle half of 20 quarters: 3.4× to 6.7×, median 4.9×.

Measures only against its own past, not against what the company is worth. Price as of 11/06/2026.

1 sign supports the expectation, none speaks against it.

What supports it

with respect to the priced-in expectation

  • Low capital needs capex median 3.9% of revenue (10 years)

What speaks against it

with respect to the priced-in expectation

No anomaly in the stored figures.

Since the last quarter

Q1 → Q2 2026

Mostly better than the previous quarter: 5 of 6 changes for the better.

  • Revenue, 12 mo.€1.8B → €1.9B+5.0%better
  • FCF, 12 mo.€49.4M → €72.4M+46.6%better
  • Gross margin29.3% → 21.9%−7.4 ppworse
  • EBIT margin10.0% → 12.9%+3.0 ppbetter
  • FCF margin2.8% → 3.9%+1.1 ppbetter
  • Return on equity9.2% → 13.5%+4.3 ppbetter

2 more unchanged: Net debt, Shares outstanding

Derivation

How the sector comparison is derived

Each area value is the average of its metrics' ranks within the sector (0 to 100, 50 is the middle). For metrics where lower is better, the rank is mirrored. The overall value is the average of the area values.

Price as of 11/06/2026.

Profitability33.1below the middleEarns less than the sector: EBIT margin 7.87%, sector 11.28%.
MetricStockSector medianPosition in sector
Return on equity9.46%13.10%Rank 31
Return on capital (Greenblatt)15.49%19.33%Rank 39
EBIT margin7.87%11.28%Rank 28
FCF margin5.87%8.50%Rank 38
Gross margin19.53%28.98%Rank 30
Growth30.3below the middleGrows more slowly than the sector: Revenue growth, 1 year 0.79%, sector 5.15%.
MetricStockSector medianPosition in sector
Revenue growth, 1 year0.79%5.15%Rank 26
Earnings growth, 3 years per year0.36%8.01%Rank 31
Earnings growth, 5 years per yeardoes not count towards the rank–12.89%
Sustainable growth (ROE × retained earnings)2.79%4.02%Rank 34
Valuation85.5above the middleValued lower than the sector: FCF yield 10.71%, sector 3.98%.
MetricStockSector medianPosition in sector
Earnings yield7.73%4.42%Rank 82
FCF yield10.71%3.98%Rank 91
EV/saleslower is better0.862.08Rank 84
EV/EBITlower is better10.9519.47Rank 85
Momentum81.2above the middleShare price doing better than the sector: Share price, 1 year 56.83%, sector −0.01%.
MetricStockSector medianPosition in sector
Share price, 1 year56.83%−0.01%Rank 98
Share price, 6 months10.92%−1.43%Rank 75
Share price, 3 months18.75%0.53%Rank 94
Distance from 52-week high−14.37%−16.36%Rank 57
Quality68.1above the middleQuality above the sector: Price reaction to results, market-adjusted 6.63%, sector 0.27%.
MetricStockSector medianPosition in sector
Accruals (Sloan)lower is better−0.42%1.39%Rank 66
Change in share countlower is better−2.92%−0.44%Rank 84
Dividend streak in years25Rank 34
Price reaction to results, market-adjusted6.63%0.27%Rank 88
Balance sheet & risk34.8below the middleMore risk than the sector: Net debt/EBITDA 2.37, sector 1.38.
MetricStockSector medianPosition in sector
Equity ratio37.03%39.65%Rank 43
Net debt/EBITDAlower is better2.371.38Rank 26
Debt to equitylower is better1.040.61Rank 27
Volatility, 1 yearlower is better34.50%32.95%Rank 43

Ten years in figures

Revenue from €1.4B (2016) to €1.7B (2025), 2.1% a year.

Fiscal years, amounts in EUR
YearRevenue, €BEBIT marginFCF, €MSharesNet debt, €M
20161.410.0%44.624.5M376.6
20171.69.3%45.024.5M399.0
20181.77.9%−16.224.5M482.8
20191.76.8%69.024.5M546.3
20201.61.6%102.724.5M518.9
20211.76.6%41.026.3M504.1
20221.89.6%61.826.9M593.6
20231.88.3%155.726.9M506.2
20241.77.4%92.826.0M541.4
20251.77.9%101.825.2M544.0
2.7 / 10Low MatchStockScorer score3 of 11 points

2 of 7 StockScorer Score rules met · How the score is built

Indus Holding AG mainly meets criteria in the Valuation category. Result from 18 strategies checked.

This stock · Profitability: 0%This stock · Growth: 0%This stock · Valuation: 100%This stock · Momentum: 100%Median of all stocks · Profitability: 33%Median of all stocks · Growth: 0%Median of all stocks · Valuation: 0%Median of all stocks · Momentum: 0%50%100%ProfitabilityGrowthValuationMomentumThis stockMedian of all stocks

How Indus Holding AG's score is built

Indus Holding AG is rated here with the StockScorer Score strategy, the flagship rule set. It compares return and cash-flow metrics with the median of the company's own sector and checks growth and price trend.

2 of 7 rules met

3 of 11 points

  1. Free cash flow yield above the sector medianmet2 of 2 points
  2. Return on capital (Greenblatt ROC) above the sector mediannot met0 of 2 points
  3. Return on equity above the sector mediannot met0 of 1 point
  4. Free cash flow margin above the sector mediannot met0 of 2 points
  5. Revenue growth above 15%not met0 of 2 points
  6. 3-year earnings growth above 12% p.a.not met0 of 1 point
  7. 12-month share price more than 20 percentage points ahead of the marketmet1 of 1 point
  8. Exclusion: financial and real estate stocksdoes not apply

Detail data

How does Indus Holding AG stock perform across 18 strategies?

Excerpt from 18 strategies checked. The full evaluation is visible after a free sign-up.

12 more strategies locked

With a free account, you can see the match across all strategies checked in one complete overview.

  • Earnings Quality: Accrual Check (Sloan)
  • Growth Momentum (CAN SLIM principle)
  • StockScorer Score
  • Altman Z-Score: Stress Test
  • Magic Formula: Value + Quality
  • Acquirer's Multiple: EV/EBIT Deep Value
  • Moat Quality
  • Defensive: Low Volatility
  • Dividend Aristocrats & Continuity
  • Balanced GARP
  • High-Growth / Rule of 40
  • PEG Strategy (inspired by Peter Lynch)

Indus Holding AG key metrics: P/E, P/B and equity ratio

Selected fundamental metrics for Indus Holding AG.

MetricStockSector
P/E ratio12.922.5
P/B ratio1.22.9
Return on equity (ROE)9.5%13.1%
Equity ratio37.0%39.7%
Debt-to-equity (D/E)1.040.61
Dividend yield3.7%2.0%

Similar stocks in Industrials

How comparable stocks in the same sector score in the StockScorer model.

SymbolCompanyRating
INH.DEIndus Holding AGthis page
MBB.DEMBB INDUSTRIESLow4.5
TKA.DEthyssenkrupp AGLow0.9
4280.SRKingdom Holding Companylocked
3407.TAsahi Kasei Corp.locked
LIFCO-B.STLifco AB (publ)locked

Frequently asked questions about Indus Holding AG stock

How does Indus Holding AG stock (INH.DE) score in the StockScorer model?
Indus Holding AG stock reaches a StockScorer score of 2.7 out of 10, which is a low match with the rule-based strategies. 2 out of 7 flagship profile rules are met.
What is Indus Holding AG's P/E ratio?
Indus Holding AG's P/E ratio is 12.9. The Industrials sector median is 22.5.
What sector is Indus Holding AG in?
Indus Holding AG is assigned to the Industrials sector. Its rank within the sector is 55.5 out of 100: 100 means the stock leads its peer group of large and mid-cap sector stocks in every measured area.

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