INDUS Holding AG

Recommendation

Buy

Price Target

€34.00

Upside

71.54%

Chart
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€19.82

(€0.28) (-1.39%)
Realtime-Data from 20.12.2024 16:43:08
INDUS Holding AG is a leading specialist in the acquisition and development of small and medium-sized enterprises (SMEs) in German-speaking countries. The portfolio currently comprises over 40 companies, 3 of which are based in Switzerland and the rest in Germany. The company focuses on majority shareholdings in mostly owner-managed "hidden champions" with leading niche market positions, which are assigned to the three segments Engineering, Materials and Infrastructure. In contrast to traditional private equity companies, INDUS does not pursue an exit strategy and retains the existing management of the companies after an acquisition. INDUS is therefore often perceived as a partner to German SMEs. This is also reflected in the portfolio structure: around 75% of the portfolio companies have been with INDUS for more than 10 years.
Ticker
INH GR
Market Cap
€511.27 M
Enterprise Value
€1.02 B
26 week avg vol.
29000
Primar Exchange
XETRA
IPO
1995
Sector
Investment Companies
Headquarters
Bergisch Gladbach
Employees
9317
Incorporated
1989
CEO
Dr. Johannes Schmidt
Versicherungskammer Bayern
13.00%
Hans Selzer et al.
5.60%
Protector Forsikring
5.40%
Treasury Shares
4.10%
25.11.2024
Investor Conference

KPIs in EUR

KPI20232024e2025e
Sales1.80 B1.72 B1.81 B
EBITDA258.13 M211.20 M241.16 M
EBIT149.56 M121.01 M150.16 M
EPS3.102.673.46
FCF155.71 M115.07 M89.18 M

Valuation

KPI20232024e2025e
EV / Sales0.56x0.58x0.52x
EV / EBITDA3.94x4.71x3.88x
EV / EBIT6.80x8.22x6.24x
Price / Earnings6.39x7.44x5.72x
EV / FCF6.53x8.65x10.50x

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