INDB Intrinsic Valuation and Fundamental Analysis - Indel B SpA

	Indel B SpA MIL:INDB	IT
	UMS Holdings Ltd SGX:558	SG
I	IPA Investments Group JSC VN:IPA	VN
N	Novatek PAO LSE:NVTK	RU
	Teradyne Inc NASDAQ:TER	US
	NP Korporatsiya Irkut PAO MOEX:IRKT	RU
	Global Crossing Airlines Group Inc XTSX:JET	US
	Carnegie Clean Energy Ltd ASX:CCE	AU
T	Tong Hua Holding PCL SET:TH	TH
G	G2 Goldfields Inc OTC:GUYGF	CA
	Innovation Pharmaceuticals Inc OTC:IPIX	US
	Hapbee Technologies Inc XTSX:HAPB	CA
U	Urgent.ly Inc NASDAQ:ULY	US
	Genmin Ltd ASX:GEN	AU
	Sancus Lending Group Ltd F:97F	GG
A	Asefa PCL SET:ASEFA	TH
	Arctic Star Exploration Corp XTSX:ADD	CA
	Benz Mining Corp F:1VU0	CA
B	Bangkok Union Insurance PCL SET:BUI	TH

Intrinsic Value

The intrinsic value for Indel B SpA (INDB) under the Base Case is hidden EUR. Compared with the current market price of 19.1 EUR, the stock appears hidden .

Intrinsic value calculated as an equal blend of DCF

Locked

and Multiples

Locked

Other reference points

Wall St target

€25.25

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INDB Intrinsic Value

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Intrinsic Value Locked

Current Price €19.1

Margin of Safety 20% Locked

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