Stock AnalizInnodata Inc. INOD
EDP Services · IPO 1993 · data as of November 13, 2026
Innodata Inc. (INOD) is a technology company listed in the US with a market value of about $1.2B. In the twelve months to September 30, 2026 it had revenue of $350M and net income of $48M, a net margin of 13.8%.
Its overall Stock Analiz score is 3.4 out of 5 (good). The strongest part is financial health (5/5); the weakest is shareholder returns (1/5).
Key numbers: a P/E of 25.9, a price to free cash flow of 14.7, 5-year revenue growth of 34% a year, a 5-year average ROIC of 5%. A discounted cash flow model with moderate assumptions puts its intrinsic value about 4% above the current price.
Score: 3.4 / 5
Checks passed
- P/E below the industry median
- P/FCF below 20
- Price below intrinsic value (DCF, moderate assumptions)
- PEG below 1.5
- Revenue growth above 10% last year
- 3-year revenue growth above 10% a year
- Profit margin improving
- Strong R&D investment or growth above 20%
Checks not passed
- P/E below 25
- 3-year free cash flow growth above 10% a year
- 5-year average ROIC above 12%
- Profitable 5 years in a row
- Pays a dividend
- Share count down over 3 years (buybacks)
- 20% to 100% of free cash flow returned to shareholders
- Dividend 3 years in a row
Valuation
Growth and quality
Financials, last 10 years
| Fiscal year | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $350M | $252M | $170M | $87M | $79M | $70M | $58M | $56M | $57M | $61M | $63M |
| Net income | $48M | $32M | $29M | -$908000 | -$12M | -$2M | $617000 | $617000 | -$253000 | -$5M | -$6M |
| Free cash flow | $83M | $36M | $27M | $339000 | -$8M | $783000 | $4M | $3M | $2M | -$3M | -$5M |
| EPS (diluted) | $1.37 | $0.92 | $0.89 | $-0.03 | $-0.00 | $-0.06 | $0.02 | $-0.08 | $0.01 | $0.20 | $-0.22 |
| Net margin | 13.8% | 12.8% | 16.8% | -1.1% | -15.1% | -2.4% | 1.1% | 1.1% | -0.4% | -8.3% | -8.8% |
| ROIC | — | 27.8% | 28.2% | 0.8% | -28.1% | -2.8% | 1.6% | -2.1% | 3.5% | -10.5% | -9.6% |
From the company’s 10-K and 10-Q filings with the SEC. TTM = trailing twelve months.
What analysts expect
The average 12-month price target from 4 analysts is $111.50, 214% above the current price; targets range from $75.00 to $140.00; the consensus rating is “Strong buy”; expected EPS is $1.50 for the fiscal year ending December 31, 2026.
Frequently asked questions
What is Innodata’s P/E ratio?
About 25.9, based on the last twelve months of diluted earnings per share (forward P/E about 25.2).
Is Innodata stock undervalued?
Our DCF model with moderate assumptions puts its intrinsic value about 4% above the current market value. A model is a range, not a promise; try your own assumptions in the DCF calculator.
Does Innodata pay a dividend?
Not currently.
Is Innodata a good stock to buy?
We do not give buy or sell advice. Innodata scores 3.4 out of 5 on our five checks (value, growth, track record, financial health and shareholder returns); the checks above show why.
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Generated from SEC filings, analyst consensus estimates and market prices, rebuilt every day. Educational information, not investment advice.