INNIO INIO
GermanyIndustrials · Specialty Industrial MachineryUSD
37.50 USD (+84.4%)
10 analysts
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INNIO N.V. is a manufacturer of specialized industrial machinery, focused on power generation and gas compression solutions, headquartered in Germany with global operations.
Key points
from its scores- ✓Strong growth9.2
- ✕Poor share-price trend0.6
- ✕Demanding valuation1.5
- ✕Little or no dividend1.5
AI analysis
bottom line, main risk, context and newsCurrent growth does not compensate for extreme leverage, unsustainable valuation, and deteriorating momentum.
INNIO shows revenue growth of 42.20% (score 9.65), but its financial health is very weak: Net Debt/EBITDA of 4.31 and Debt/Equity of 1346.74, with an operating margin of only 4.81%. Valuation is extremely demanding (P/E 678, EV/EBITDA 38.74) and momentum is very negative (-37.13% over 12 months). Extreme leverage and the ECB's rising rate environment make the profile high-risk.
The main risk is extreme leverage (Net Debt/EBITDA of 4.31 and Debt/Equity of 1346.74), which, combined with a low operating margin (4.81%) and a rising ECB rate environment, could lead to solvency issues if growth decelerates.
Context and risks
INNIO operates in Germany, a country with solid governance but moderate regulatory risk. Its high leverage (Net Debt/EBITDA of 4.31) and dependence on external financing make it vulnerable to the ECB's tightening cycle, which raised rates by 25bp in June and may do so again in September. Additionally, its specialized industrial machinery business is exposed to European energy price volatility (TTF gas), which is not reflected in crude oil.
Is INNIO stock cheap or expensive?
at the analysis dateOn EV / EBITDA, it trades 167% above the Industrials median.
| Multiple | Company | Sector | Difference |
|---|---|---|---|
| EV / EBITDA | 38.7 | 14.5 | +167% |
| Price / book | 72.9 | 4.1 | +1,698% |
| Price / sales | 4.9 | 2.1 | +140% |
Sector: median of the 388 Industrials companies analysed. In bold, the multiples used for the comparison.
Valuation score: 1.5 out of 10 (median for Industrials: 5.0).
Average analyst target: 37.50 USD, +84.4% versus the price.
A premium can be justified if the company is of higher quality or grows faster than its sector: Quality / Moat 3.5 (sector 5.8), Growth 9.2 (sector 6.6).
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 Industrials medianValuation
- P/E
- 678.0
- Forward P/E
- 25.6
- EV / EBITDA
- 38.7
- Price / book
- 72.9
- Price / sales
- 4.9
- Market cap
- 15.3B USD
- Enterprise value
- 17.2B USD
Profitability
- ROIC (approx.)
- 4.7%
- Gross margin
- 33.5%
- Operating margin
- 4.8%
- Net margin
- 0.8%
Solvency
- Total debt
- 3.0B USD
- Net debt
- 1.9B USD
- Cash
- 1.0B USD
- EBITDA
- 443.3M USD
- Net debt / EBITDA
- 4.31
- Debt / equity
- 1,346.74
- Current ratio
- 1.25
- Quick ratio
- 0.69
Growth
- Revenue growth
- +42.2%
- EPS (TTM)
- 0.03 USD
- EPS (forward)
- 0.79 USD
Dividend
- Dividend yield
- 0.0%
- Payout
- 0.0%
Risk and market
- Analyst consensus
- Buy (10)
- Target price
- 37.50 USD
- 52-week range
- 17.45 – 42.95
Recent news
All INIO news →Compare it with its sector
All 388 in Industrials →Frequently asked questions about INNIO
Is INNIO stock cheap or expensive?
On EV / EBITDA, it trades 167% above the Industrials median. Valuation score: 1.5 out of 10 (median for Industrials: 5.0). Average analyst target: 37.50 USD, +84.4% versus the price. This is not investment advice.
What score does INNIO get on MeridIAn Screener?
It scores 3.2 out of 10, rank 2,064 of 2,130 (better than 3% of the companies analysed). Its strongest category is Growth (9.2) and its weakest, Momentum (0.6). Analysis of 08/10/2026.
How much is INNIO worth on the stock market?
Its market capitalisation is 15.3B USD and its enterprise value, debt included, is 17.2B USD.
How much debt does INNIO have?
Its net debt (debt minus cash) is 1.9B USD. That is 4.31 times its EBITDA; the Industrials median is 1.58.
Does INNIO pay a dividend?
It pays no dividend, or almost none.
How has INNIO stock performed over the last year?
It has fallen 37.2% over the last year, excluding dividends. Over the last 52 weeks it has traded between 17.45 and 42.95 USD. Past performance does not guarantee future results.
What do analysts think of INNIO?
10 analysts cover it; their average recommendation is “Buy” and their average target is 37.50 USD (+84.4% versus the price). It is an estimate, not market data.