Carel Industries CRL.MI
ItalyTechnology · Electronic ComponentsBorsa Italiana · EUR
34.29 EUR (+22.4%)
7 analysts
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Carel Industries is an Italian manufacturer of electronic components and control solutions for the HVAC and refrigeration sectors, with a business model based on selling high-tech products and value-added services.
Listed on Borsa Italiana · Symbol CRL.MI · BIT: CRL · Currency EUR
Key points
from its scores- ✓Strong growth9.1
- ✓High-quality business7.7
- ✓Very solid balance sheet7.3
- ✕Little or no dividend4.6
- ✕Unfavourable risk and backdrop4.6
AI analysis
bottom line, main risk, context and newsQuality and growth are excellent, but valuation offers no margin of safety.
Carel Industries presents a solid financial profile with exceptional growth (revenues +25.5%, profits +70.4%), high profitability (ROE 19.64%, ROIC 19.83%) and a net cash position, although its valuation (P/E 34.15) already discounts much of these strengths.
The main risk is governance in Italy, which could affect the protection of minority shareholders, along with a demanding valuation that leaves little room for any disappointment in growth.
Context and risks
Carel Industries, based in Italy, is exposed to an elevated governance risk in its country of domicile, which may affect the protection of minority shareholders. However, its global business of electronic components for HVAC and refrigeration has no direct exposure to current macro factors such as interest rates or commodities.
Is Carel Industries stock cheap or expensive?
at the analysis dateOn P/E and EV / EBITDA, it trades in line with the Technology median (within 15%).
| Multiple | Company | Sector | Difference |
|---|---|---|---|
| P/E | 34.1 | 31.3 | +9% |
| EV / EBITDA | 23.7 | 20.4 | +16% |
| Price / book | 6.2 | 6.3 | −1% |
| Price / sales | 4.5 | 5.3 | −14% |
Sector: median of the 283 Technology companies analysed. In bold, the multiples used for the comparison.
Valuation score: 5.8 out of 10 (median for Technology: 5.3).
Average analyst target: 34.29 EUR, +22.4% versus the price.
Classic formulas with standard assumptions (10.0% growth, 8-9% discount rate). Indicative only: they change a lot with the assumptions and are not a recommendation.
Work out its fair value yourself →How much would you have made investing every month? →
Comparing it with its sector does not say whether it is a good buy: this is not investment advice.
Score by category
0 to 10 · hover overtap each one to see what it measuresKey metrics
at the analysis date · compared with the Technology medianValuation
- P/E
- 34.1
- Forward P/E
- 30.3
- EV / EBITDA
- 23.7
- Price / book
- 6.2
- Price / sales
- 4.5
- PEG
- 0.86
- Market cap
- 3.1B EUR
- Enterprise value
- 3.1B EUR
Profitability
- ROE
- 19.6%
- ROA
- 7.7%
- ROIC (approx.)
- 19.8%
- Gross margin
- 48.8%
- Operating margin
- 17.9%
- Net margin
- 13.4%
- Free cash flow
- 112.4M EUR
- FCF yield
- 3.6%
- Cash conversion
- 85%
Solvency
- Total debt
- 119.2M EUR
- Net debt
- −7.1M EUR
- Cash
- 126.3M EUR
- EBITDA
- 133.0M EUR
- Net debt / EBITDA
- −0.05
- Debt / equity
- 23.26
- Current ratio
- 1.60
- Quick ratio
- 1.10
Growth
- Revenue growth
- +25.5%
- Earnings growth
- +70.4%
- EPS (TTM)
- 0.82 EUR
- EPS (forward)
- 0.93 EUR
Dividend
- Dividend yield
- 0.7%
- Payout
- 23.8%
Risk and market
- Beta
- 0.98
- Analyst consensus
- Buy (7)
- Target price
- 34.29 EUR
- 52-week range
- 19.60 – 32.90
Recent news
All CRL.MI news →Compare it with its sector
All 283 in Technology →Frequently asked questions about Carel Industries
Is Carel Industries stock cheap or expensive?
On P/E and EV / EBITDA, it trades in line with the Technology median (within 15%). Valuation score: 5.8 out of 10 (median for Technology: 5.3). Average analyst target: 34.29 EUR, +22.4% versus the price. This is not investment advice.
What score does Carel Industries get on MeridIAn Screener?
It scores 6.8 out of 10, rank 313 of 2,130 (better than 83% of the companies analysed). Its strongest category is Growth (9.1) and its weakest, Dividend (4.6). Analysis of 08/10/2026.
What is Carel Industries's P/E ratio?
Its P/E is 34.1: the share price equals 34.1 times earnings per share over the last 12 months. The Technology median is 31.3. Based on the earnings analysts expect, the forward P/E is 30.3.
How much is Carel Industries worth on the stock market?
Its market capitalisation is 3.1B EUR and its enterprise value, debt included, is 3.1B EUR.
How much debt does Carel Industries have?
It has more cash than debt: net cash of 7.1M EUR.
Does Carel Industries pay a dividend?
Yes: its dividend yield is 0.71% and it pays out 24% of its earnings.
How has Carel Industries stock performed over the last year?
It has risen 34.2% over the last year, excluding dividends. Over the last 52 weeks it has traded between 19.60 and 32.90 EUR. Past performance does not guarantee future results.
What do analysts think of Carel Industries?
7 analysts cover it; their average recommendation is “Buy” and their average target is 34.29 EUR (+22.4% versus the price). It is an estimate, not market data.