Indra Sistemas S.A.

Indra Sistemas is engaged in the design, development, manufacture, assembly, repair, and installation of computer software and applications. Through its subsidiaries, Co. is engaged in consulting, graphic design and multimedia, web design and marketing, internet development and electronic trade, systems integration and hosting geared business to business and business to consumer, as well as in internet financing and electronic marketing. Co. serves defense and security, transport and traffic, energy and industry, telecom and media, finance and insurance, and public administration and healthcare markets. Co. operates primarily in Europe, the United States, Canada, and Latin America.
  • TickerIDR
  • ISINES0118594417
  • ExchangeMadrid Stock Exchange
  • SectorSoftware & Computer Services
  • CountrySpain
Gregory Ramirez

SECTOR | IT & High Tech services | Emerging from disruption

• We prefer Atos and Indra, and downgrade Alten to Neutral. On fundamental convictions, Atos and Indra are our preferred stocks, we reiterate our Buy ratings on Capgemini, Sopra Steria and Sword, and downgrade our rating to Neutral from Buy on Alten on persistent uncertainties concerning the situation at some clients after a meaningful share price rebound from trough levels.

Research Department

INFORME DIARIO 25 MAYO (ANÁLISIS BANCO SABADELL)

COMPAÑÍAS QUE APARECEN EN EL INFORME. ESPAÑA: ACCIONA, ACS, CELLNEX, IAG, INDRA, MERLIN. EUROPA: BAYER Mercado plano sin catalizadores Jornada sin grandes movimientos a ambos lados del Atlántico. En el Euro STOXX la mayoría de los sectores presentaron ganancias, con Media e Inmobiliario liderando las subidas frente a Recursos Básicos y Bienes de Consumo que presentaron el peor comportamiento relativo. Por el lado macro, las actas del BCE insinúan una mayor flexibilización de la política monetaria en junio, donde además, el economista jefe P. Lane subrayó que revisarla es una prioridad para q...

Gregory Ramirez

INDRA SISTEMAS: Investor web conference feedback: cheap opportunity | BUY | EUR12(+69%)

INDRA SISTEMAS - BUY | EUR12(+69%) Investor web conference feedback: cheap opportunity The overall picture is not so bad for Indra Minsait is likely to outperform IT Service peers this year Transport & Defence poised to get stronger momentum from H2 Operating margin way benefit from telework over the mid-term

Research Department

INFORME DIARIO 14 MAYO (ANÁLISIS BANCO SABADELL)

COMPAÑÍAS QUE APARECEN EN EL INFORME. ESPAÑA: COLONIAL, IAG, INDRA, MERLIN, SANTANDER, SECTOR TURISMO. EUROPA: AB INVEB, AIRBUS, DEUTSCHE TELEKOM, VINCI. El temor a la guerra comercial y Powell hunden los mercados Caídas generalizadas en las bolsas europeas y americanas tras los comentarios de lenta recuperación por parte de los miembros de la Fed y las advertencias del Director del Instituto Nacional de Alergias y Enfermedades Infecciosas de EE.UU. (A. Fauci) sobre la posibilidad de rebrotes ante un desconfinamiento prematuro. En el Euro STOXX, todos los sectores cerraron en negativo con Aut...

Research Department

IBERIAN DAILY 14 MAY (ANÁLISIS BANCO SABADELL)

NEWS SUMMARY: COLONIAL, IAG, INDRA, MERLIN PROPERTIES, SANTANDER, TELEFÓNICA, TOURISM SECTOR. MARKETS YESTERDAY AND TODAY Fears of a trade war and Powell sink the markets Widespread losses in European and US stock markets following the comments of slow recovery by the Fed members and the warnings of the Head of the US National Institute of Allergy and Infectious Diseases (A. Fauci) on the possibility of outbreaks in view of a premature deconfinement. In the Euro Stoxx, all the sectors closed in the red, with Autos and Banks leading the drops and Utilities and Technology being the best relati...

Research Department

BANCO SABADELL RECOMMENDED PORTFOLIO WEEK 23 TO 30 OCTOBER 2019 (ANÁLISIS BANCO SABADELL)

European Portfolio We lower Volkswagen’s weight and raise that of Airbus. European High Yield Portfolio Air Liquide, Allianz, Daimler, SAP & Vivendi No changes this week. Spanish Recommended Portfolio No changes this week. 5-Stock Recommended Portfolio ACS, Caixabank, Cellnex, Ferrovial & Telefónica No changes this week. 5 High-Yield Stock Portfolio Iberdrola, Merlin, Repsol, Santander & Telefónica No changes this week. Mid&Small Recommended Portfolio Applus, CAF, Dominion, Enagás, Ence, Indra, Logista, Másmóvil, Sacyr & Unicaja No changes this week.

Jérôme VINERIER

Short term view - INDRA SISTEMAS : Falling prices.

The background trend is clearly bearish. Prices are falling again, but the movement has become hesitant. The next support is at €8.415. The background trend would be questioned should prices rise above €10.781.

Jérôme VINERIER

Analyse court terme - INDRA SISTEMAS : Les prix baissent.

La tendance de fond est clairement orientée à la baisse. Les prix baissent à nouveau, mais le mouvement est devenu hésitant. Le prochain support est à 8,415 €. La tendance de fond serait remise en cause en cas de franchissement de 10,781 €.

Jérôme VINERIER

Analyse court terme - INDRA SISTEMAS : La tendance de fond est clairement orientée à la baisse.

La tendance de fond est clairement orientée à la baisse. Le mouvement se poursuit. Le prochain objectif est à 8,415 €, puis 7,620 €. Le franchissement de 10,781 € remettrait en cause la suite de la baisse.

Jérôme VINERIER

Short term view - INDRA SISTEMAS : The background trend is clearly bearish.

The background trend is clearly bearish. The movement goes on. The next target is at €8.415, then €7.620. Passing €10.781 would question the continuation of the fall.

Jérôme VINERIER

Analyse moyen terme - INDRA SISTEMAS : Le mouvement se poursuit.

La tendance est baissière. Le mouvement se poursuit. Le prochain objectif est à 8,400 €, puis 7,460 €. Le franchissement de 12,400 € remettrait en cause la suite de la baisse.

Indra Sistemas Sa: 1 director bought

A director at Indra Sistemas Sa bought 38,350 shares at 7.750EUR and the significance rating of the trade was 87/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of b...

Gregory Ramirez

SECTOR | IT & High Tech services | Emerging from disruption

• We prefer Atos and Indra, and downgrade Alten to Neutral. On fundamental convictions, Atos and Indra are our preferred stocks, we reiterate our Buy ratings on Capgemini, Sopra Steria and Sword, and downgrade our rating to Neutral from Buy on Alten on persistent uncertainties concerning the situation at some clients after a meaningful share price rebound from trough levels.

Research Department

INFORME DIARIO 25 MAYO (ANÁLISIS BANCO SABADELL)

COMPAÑÍAS QUE APARECEN EN EL INFORME. ESPAÑA: ACCIONA, ACS, CELLNEX, IAG, INDRA, MERLIN. EUROPA: BAYER Mercado plano sin catalizadores Jornada sin grandes movimientos a ambos lados del Atlántico. En el Euro STOXX la mayoría de los sectores presentaron ganancias, con Media e Inmobiliario liderando las subidas frente a Recursos Básicos y Bienes de Consumo que presentaron el peor comportamiento relativo. Por el lado macro, las actas del BCE insinúan una mayor flexibilización de la política monetaria en junio, donde además, el economista jefe P. Lane subrayó que revisarla es una prioridad para q...

Gregory Ramirez

INDRA SISTEMAS: Investor web conference feedback: cheap opportunity | BUY | EUR12(+69%)

INDRA SISTEMAS - BUY | EUR12(+69%) Investor web conference feedback: cheap opportunity The overall picture is not so bad for Indra Minsait is likely to outperform IT Service peers this year Transport & Defence poised to get stronger momentum from H2 Operating margin way benefit from telework over the mid-term

Research Department

INFORME DIARIO 14 MAYO (ANÁLISIS BANCO SABADELL)

COMPAÑÍAS QUE APARECEN EN EL INFORME. ESPAÑA: COLONIAL, IAG, INDRA, MERLIN, SANTANDER, SECTOR TURISMO. EUROPA: AB INVEB, AIRBUS, DEUTSCHE TELEKOM, VINCI. El temor a la guerra comercial y Powell hunden los mercados Caídas generalizadas en las bolsas europeas y americanas tras los comentarios de lenta recuperación por parte de los miembros de la Fed y las advertencias del Director del Instituto Nacional de Alergias y Enfermedades Infecciosas de EE.UU. (A. Fauci) sobre la posibilidad de rebrotes ante un desconfinamiento prematuro. En el Euro STOXX, todos los sectores cerraron en negativo con Aut...

Research Department

IBERIAN DAILY 14 MAY (ANÁLISIS BANCO SABADELL)

NEWS SUMMARY: COLONIAL, IAG, INDRA, MERLIN PROPERTIES, SANTANDER, TELEFÓNICA, TOURISM SECTOR. MARKETS YESTERDAY AND TODAY Fears of a trade war and Powell sink the markets Widespread losses in European and US stock markets following the comments of slow recovery by the Fed members and the warnings of the Head of the US National Institute of Allergy and Infectious Diseases (A. Fauci) on the possibility of outbreaks in view of a premature deconfinement. In the Euro Stoxx, all the sectors closed in the red, with Autos and Banks leading the drops and Utilities and Technology being the best relati...

Tony Lebon

Different risk profiles, two Buy opportunities in the convertible bonds space

We discuss in this report the key topics to have in mind when analyzing services companies such as Econocom and Indra Sistemas in the context of the Covid-19 crisis: cyclicality of the various activities, geographical mix, variable vs fixed costs, temporary variabilization of the cost base thanks to partial unemployment (with different mechanisms depending on the jurisdictions), liquidity and debt maturity profile, questions around non-recourse factoring, shareholding structure, ...

Tony Lebon

Different risk profiles, two Buy opportunities in the convertible bonds space

We discuss in the report the key topics to have in mind when analyzing services companies such as Econocom and Indra Sistemas in the context of the Covid-19 crisis: cyclicality of the various activities, geographical mix, variable vs fixed costs, temporary variabilization of the cost base thanks to partial unemployment (with different mechanisms depending on the jurisdictions), liquidity and debt maturity profile, questions around non-recourse factoring, shareholding structure, a...

Tony Lebon

Indra Sistemas : ITP Aero: what potential impact on the credit side?

Indra Sistemas confirmed last Friday that conversations are being held with Rolls-Royce aimed at exploring the potential acquisition by the group of a majority stake in Rolls-Royce’s Spanish subsidiary ITP Aero. In a separate statement, the group added that any potential deal would be financed through a combination of debt and a rights issue. - If the group decides to acquire a 75% stake in ITP Aero for EUR 1bn, half of which financed by shares, the pro forma reported leverage woul...

Tony Lebon

Indra Sistemas : ITP Aero: what potential impact on the credit side?

Indra Sistemas confirmed last Friday that conversations are being held with Rolls-Royce aimed at exploring the potential acquisition by the group of a majority stake in Rolls-Royce’s Spanish subsidiary ITP Aero. In a separate statement, the group added that any potential deal would be financed through a combination of debt and a rights issue. - If the group decides to acquire a 75% stake in ITP Aero for EUR 1bn, half of which financed by shares, the pro forma reported leverage woul...

Jean-Rene Meduri

INDRA- 2Q18 Comments

Salini reported 1H18 results with a slight profitability decrease at constant FX and excluding a 1H17 positive one-off item. Net debt increased on the back of working capital seasonality. We expect the likely disposal of the plants & paving division (P&P) to improve Salini’s financial structure.

Anis Zgaya ...
  • Antoine Boivin-Champeaux
  • Charles Lepetitpas
  • Christophe-Raphaël Ganet
  • Fehmi Ben Naamane
  • Hela Zarrouk
  • Jean-François Granjon
  • Jerôme Bodin
  • Martial Descoutures
  • Nicolas David
  • Oussema Denguir
  • Salma Bouraoui
  • Yan Derocles

ODDO BHF Small & MIDCAP MORNING NEWS - 05/12/2020

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Anis Zgaya ...
  • Antoine Boivin-Champeaux
  • Charles Lepetitpas
  • Christophe-Raphaël Ganet
  • Fehmi Ben Naamane
  • Hela Zarrouk
  • Jean-François Granjon
  • Jerôme Bodin
  • Martial Descoutures
  • Nicolas David
  • Oussema Denguir
  • Salma Bouraoui
  • Yan Derocles

ODDO BHF Small & MIDCAP MORNING NEWS - 12/05/2020

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Alain William ...
  • Anis Zgaya
  • Charles Lepetitpas
  • Christophe Chaput
  • Christophe-Raphaël Ganet
  • Emira Sagaama
  • Florent Laroche-Joubert
  • Hela Zarrouk
  • Jeremy Garnier
  • Jerôme Bodin
  • Johanna Jourdain
  • Martial Descoutures
  • Matthias Desmarais
  • Michael Foundoukidis
  • Nicolas David
  • Oussema Denguir
  • Stephane Houri
  • Sven Edelfelt
  • Virginie Rousseau

ODDO BHF Small & MIDCAP MORNING NEWS - 05/06/2020

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Alain William ...
  • Anis Zgaya
  • Charles Lepetitpas
  • Christophe Chaput
  • Christophe-Raphaël Ganet
  • Emira Sagaama
  • Florent Laroche-Joubert
  • Hela Zarrouk
  • Jeremy Garnier
  • Jerôme Bodin
  • Johanna Jourdain
  • Martial Descoutures
  • Matthias Desmarais
  • Michael Foundoukidis
  • Nicolas David
  • Oussema Denguir
  • Stephane Houri
  • Sven Edelfelt
  • Virginie Rousseau

ODDO BHF Small & MIDCAP MORNING NEWS - 06/05/2020

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Alain William ...
  • Alfred Glaser
  • Baptiste Lebacq
  • Charles Lepetitpas
  • Christophe-Raphaël Ganet
  • Delphine Brault
  • Emmanuel Matot
  • Jean-François Granjon
  • Jeremy Garnier
  • Jerôme Bodin
  • Nicolas David
  • Stephane Houri

ODDO BHF Small & MIDCAP MORNING NEWS - 02/28/2020

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INDRA SISTEMAS SA sees a downgrade to Slightly Negative on account of less fundamental stars

The independent financial analyst theScreener just lowered the general evaluation of INDRA SISTEMAS SA (ES), active in the Computer Services industry. As regards its fundamental valuation, the title now shows 2 out of 4 stars while market behaviour can be considered risky. theScreener believes that the title remains under pressure due to the loss of a star(s) and downgrades its general evaluation to Slightly Negative. As of the analysis date February 25, 2020, the closing price was EUR 9.61 and its target price was estimated at EUR 8.73.

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