IP:MILInterpump Group S.p.A. Analysis

Interpump Group trades at €36.4, just above its 20‑day SMA (€35.58) and 50‑day SMA (€35.17) but still below the 200‑day SMA (€40.77), indicating a short‑term bounce within a longer‑term downtrend. The RSI sits at 53.6, suggesting neutral momentum, while the MACD histogram is positive and the signal line turned bullish, reinforced by rising volume – a modest technical upside toward the resistance at €37.26.
Fundamentally, the stock appears fairly priced on a relative basis (PE 18.6 vs industry average 30.2) yet the DCF fair value of €28.07 signals a potential overvaluation of roughly 30% at current levels. Strong cash generation (operating cash flow €321.7 M, free cash flow €242.6 M), a low payout ratio (16.9%) and a dividend yield of 0.97% support dividend sustainability. With modest revenue growth (0.6%), solid margins (gross 35%, operating 15.8%) and a low debt‑to‑equity of 31.5%, the company offers a stable earnings base, though high 30‑day volatility (43%) and a beta below 1 suggest moderate market risk.