Inclusio (INCLU.BR) Stock Price

Inclusio Price

CLOSED
16.30EUR+0.00 (+0.00 %)
Market closed

Revenue has compounded at 53.0% per year over the past 7 years to 15.00 M EUR. Earnings per share have grown at 97.8% per year over the last 6 years. Inclusio's net margin stands at 126.7%, up from 0.7% several years earlier. Inclusio currently offers a dividend yield of about 4.60%. The payout ratio is around 29% of earnings. The dividend has grown at 22.5% per year over the past 2 years. Analysts set a median price target of 20.91 EUR, implying 28.3% above the current price. Of 10 analysts, 8 rate the stock a buy — an overall Buy consensus.

Inclusio stock price

Volume
Ex-Dividend
Details

Stock Price

How to Read This Chart

This chart tracks the historical stock price of Inclusio over time. You can switch between daily, weekly, and monthly views and select custom time ranges — from a single day to the full available history. Use the toggle to view price changes in absolute currency terms or as a percentage change relative to the starting date.

Total Return vs. Price Return

The "Total Return" toggle includes reinvested dividends on top of the pure price movement. This is critical because dividends can account for a significant portion of long-term returns. Historically, roughly 40 % of the S&P 500's total return has come from dividends. Always compare total return when evaluating a stock's real performance against a benchmark.

Intraday Price Data

When viewing a one-day time frame, the chart displays real-time intraday price movements. This is useful for observing how Inclusio stock reacts to market openings, earnings releases, or breaking news throughout the trading session.

What to Look For

Look for long-term trends (sustained upward or downward movements over months and years), support and resistance levels (price zones where the stock repeatedly bounces or reverses), and volatility (how much the price fluctuates day to day). Comparing Inclusio's price chart to a market index like the S&P 500 can reveal whether the stock is outperforming or underperforming the broader market.

Inclusio Stock Price History
DateInclusio Price
7/20/202616.30 EUR
7/17/202616.30 EUR
7/16/202616.30 EUR
7/15/202616.50 EUR
7/14/202616.60 EUR
7/13/202616.65 EUR
7/10/202616.65 EUR
7/9/202616.75 EUR
7/8/202616.80 EUR
7/7/202616.75 EUR
7/6/202616.70 EUR
7/3/202616.80 EUR
7/2/202616.70 EUR
7/1/202616.75 EUR
6/30/202616.75 EUR
6/29/202616.70 EUR
6/26/202616.50 EUR
6/25/202616.60 EUR
6/24/202616.50 EUR
6/23/202616.60 EUR
6/22/202616.80 EUR
6/19/202616.85 EUR
6/18/202616.90 EUR
6/17/202617.00 EUR
6/16/202616.90 EUR
6/15/202616.95 EUR
6/12/202616.75 EUR
6/11/202616.90 EUR
6/10/202616.70 EUR
6/9/202616.80 EUR
6/8/202616.85 EUR
6/5/202616.85 EUR
6/4/202616.85 EUR
6/3/202617.00 EUR
6/2/202617.25 EUR
6/1/202617.25 EUR
5/29/202617.35 EUR
5/28/202617.40 EUR
5/27/202617.40 EUR
5/26/202617.40 EUR
5/25/202617.15 EUR
5/22/202617.30 EUR
5/21/202617.30 EUR
5/20/202617.35 EUR
5/19/202617.55 EUR
5/18/202617.55 EUR
5/15/202617.55 EUR
5/14/202617.75 EUR
5/13/202617.80 EUR
5/12/202617.65 EUR
5/11/202617.70 EUR
5/8/202617.75 EUR
5/7/202617.85 EUR
5/6/202617.80 EUR
5/5/202617.80 EUR
5/4/202617.80 EUR
4/30/202617.70 EUR
4/29/202617.80 EUR
4/28/202617.80 EUR
4/27/202617.90 EUR
4/24/202617.80 EUR
4/23/202617.75 EUR
4/22/202617.75 EUR
4/21/202617.85 EUR
4/20/202617.65 EUR
4/17/202617.55 EUR
4/16/202617.20 EUR
4/15/202617.20 EUR
4/14/202617.45 EUR
4/13/202617.40 EUR
4/10/202617.60 EUR
4/9/202617.55 EUR
4/8/202617.50 EUR
4/7/202617.50 EUR
4/2/202617.60 EUR
4/1/202617.55 EUR
3/31/202617.45 EUR
3/30/202617.30 EUR
3/27/202617.30 EUR
3/26/202617.30 EUR
3/25/202617.60 EUR
3/24/202617.20 EUR
3/23/202617.25 EUR
3/20/202617.50 EUR
3/19/202617.55 EUR
3/18/202617.60 EUR
3/17/202617.75 EUR
3/16/202617.55 EUR
3/13/202617.50 EUR
3/12/202617.85 EUR
3/11/202618.05 EUR
3/10/202618.10 EUR
3/9/202618.15 EUR
3/6/202618.40 EUR
3/5/202618.65 EUR
2/26/202618.95 EUR
2/25/202618.65 EUR
2/24/202618.70 EUR
2/23/202618.30 EUR
2/20/202618.38 EUR
2/19/202618.55 EUR
2/18/202618.05 EUR
2/17/202618.20 EUR
2/16/202618.20 EUR
2/13/202618.60 EUR
2/12/202618.70 EUR
2/11/202618.25 EUR
2/10/202618.25 EUR
2/9/202617.85 EUR
2/6/202618.45 EUR
2/5/202617.50 EUR
2/4/202617.50 EUR
2/3/202617.45 EUR
2/2/202617.35 EUR
1/30/202617.45 EUR
1/29/202617.60 EUR
1/28/202617.65 EUR
1/27/202617.65 EUR
1/26/202617.65 EUR
1/23/202617.85 EUR
1/22/202617.75 EUR
1/21/202617.63 EUR
1/20/202617.60 EUR
1/19/202617.55 EUR
1/16/202617.60 EUR
1/15/202617.52 EUR
1/14/202617.65 EUR
1/13/202617.65 EUR
1/12/202617.74 EUR
1/9/202617.85 EUR
1/8/202617.85 EUR
1/7/202617.85 EUR
1/6/202617.85 EUR
1/5/202617.85 EUR
1/2/202617.85 EUR
12/31/202517.55 EUR
12/30/202517.80 EUR
12/29/202517.80 EUR
12/24/202517.90 EUR
12/23/202517.90 EUR
12/22/202517.80 EUR
12/19/202517.60 EUR
12/18/202517.90 EUR
12/17/202517.95 EUR
12/16/202517.80 EUR
12/15/202518.15 EUR
12/12/202518.00 EUR
12/11/202518.13 EUR
12/10/202518.30 EUR
12/9/202518.15 EUR
12/8/202518.45 EUR
12/5/202518.15 EUR
12/4/202518.20 EUR
12/3/202518.20 EUR
12/2/202518.40 EUR
12/1/202518.50 EUR
11/28/202518.35 EUR
11/27/202517.95 EUR
11/26/202517.95 EUR
11/25/202517.90 EUR
11/24/202517.90 EUR
11/21/202517.70 EUR
11/20/202518.00 EUR
11/19/202518.15 EUR
11/18/202518.35 EUR
11/17/202518.55 EUR
11/14/202518.60 EUR
11/13/202518.55 EUR
11/12/202518.45 EUR
11/11/202518.65 EUR
11/10/202518.35 EUR
11/7/202518.70 EUR
11/6/202518.30 EUR
11/5/202518.20 EUR
11/4/202518.45 EUR
11/3/202518.50 EUR
10/31/202518.50 EUR
10/30/202518.50 EUR
10/29/202518.40 EUR
10/28/202518.60 EUR
10/27/202518.40 EUR
10/24/202518.00 EUR
10/23/202517.65 EUR
10/22/202517.90 EUR
10/21/202517.60 EUR
10/20/202517.80 EUR
10/17/202517.80 EUR
10/16/202517.50 EUR
10/15/202517.75 EUR
10/14/202517.65 EUR
10/13/202517.65 EUR
10/10/202517.45 EUR
10/9/202517.76 EUR
10/8/202517.15 EUR
10/7/202517.00 EUR
10/6/202517.00 EUR
10/3/202517.08 EUR
10/2/202516.80 EUR
10/1/202517.25 EUR
9/30/202517.50 EUR
9/29/202517.80 EUR
9/26/202518.00 EUR
9/25/202518.15 EUR
9/24/202518.60 EUR
9/23/202518.65 EUR
9/22/202518.78 EUR
9/19/202518.75 EUR
9/18/202518.75 EUR
9/17/202518.55 EUR
9/16/202518.50 EUR
9/15/202518.26 EUR
9/12/202518.45 EUR
9/11/202518.45 EUR
9/10/202518.50 EUR
9/9/202518.30 EUR
9/8/202518.10 EUR
9/5/202518.70 EUR
9/4/202518.85 EUR
9/3/202518.85 EUR
9/2/202518.80 EUR
9/1/202518.70 EUR
8/29/202518.80 EUR
8/28/202518.28 EUR
8/27/202518.75 EUR
8/26/202518.75 EUR
8/25/202518.58 EUR
8/22/202518.95 EUR
8/21/202518.80 EUR
8/20/202518.70 EUR
8/19/202518.75 EUR
8/18/202518.50 EUR
8/15/202518.35 EUR
8/14/202518.50 EUR
8/13/202518.40 EUR
8/12/202518.20 EUR
8/11/202518.05 EUR
8/8/202518.10 EUR
8/7/202518.00 EUR
8/6/202517.75 EUR
8/5/202517.90 EUR
8/4/202517.80 EUR
8/1/202517.30 EUR
7/31/202517.10 EUR
7/30/202517.00 EUR
7/29/202517.20 EUR
7/28/202517.15 EUR
7/25/202517.35 EUR
7/24/202517.30 EUR
7/23/202517.30 EUR
7/22/202517.40 EUR
Access this data via the Eulerpool API

Inclusio Revenue, EBIT, Net Income

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Revenue
EBIT
Net Income
Details
Date
Revenue
EBIT
Net Income
Jan 1, 2021
7.04 M EUR
4.50 M EUR
14.65 M EUR
Jan 1, 2022
10.44 M EUR
7.15 M EUR
22.23 M EUR
Jan 1, 2023
13.00 M EUR
38.00 M EUR
32.00 M EUR
Jan 1, 2024
15.00 M EUR
25.00 M EUR
19.00 M EUR
Jan 1, 2025 (e)
17.36 M EUR
13.75 M EUR
8.72 M EUR
Jan 1, 2026 (e)
18.28 M EUR
16.07 M EUR
8.53 M EUR
Jan 1, 2027 (e)
20.45 M EUR
17.51 M EUR
9.35 M EUR
Jan 1, 2028 (e)
21.42 M EUR
16.17 M EUR
9.35 M EUR

Inclusio Income Statement, Balance Sheet, Cash Flow Statement

Last updated Jul 22, 2026, 12:14 PM
 
REVENUEM EUR
REVENUE GROWTH%
GROSS MARGIN%
GROSS INCOMEM EUR
EBITM EUR
EBIT MARGIN%
NET INCOMEM EUR
NET INCOME GROWTH%
DIV.EUR
DIV. GROWTH%
SHARESM
201720182019202020212022202320242025e2026e2027e2028e
1.001.004.007.0010.0013.0015.0017.0018.0020.0021.00
300.0075.0042.8630.0015.3813.335.8811.115.00
1,300.001,300.00325.00185.71130.0084.6286.6786.6786.6786.6786.67
13.0013.0013.0013.0013.0013.0011.0013.0014.7315.6017.3318.20
4.007.0038.0025.0013.0016.0017.0016.00
57.1470.00292.31166.6776.4788.8985.0076.19
14.0022.0032.0019.008.008.009.009.00
57.1445.45-40.63-57.8912.50
0.500.700.750.820.971.14
40.007.149.3318.2917.53
3.937.197.197.197.437.437.427.427.427.427.427.42
Details

Income Statement Key Figures

Revenue and Revenue Growth

Revenue is the starting point of every income statement — it measures the total sales Inclusio generates from its core business. Revenue growth (expressed as year-over-year percentage change) is one of the most important indicators of business momentum. Sustained growth above 10 % annually is generally considered strong, while declining revenue is a serious warning sign that demands investigation.

Gross Margin

Gross margin = (Revenue − Cost of Goods Sold) ÷ Revenue. It reveals what percentage of each dollar of revenue Inclusio retains after direct production costs. High gross margins (above 50 %) are typical of asset-light businesses like software and brands, while capital-intensive industries like manufacturing often operate below 30 %. Compare Inclusio's gross margin to industry peers and track it over time to spot improving or deteriorating pricing power.

EBIT and EBIT Margin

EBIT measures operating profit — what remains after subtracting all operating expenses (including R&D, sales, and administrative costs) from gross profit. The EBIT margin shows this as a percentage of revenue. Because it excludes interest and taxes, EBIT allows fair comparisons between companies with different debt levels and tax jurisdictions. A rising EBIT margin indicates improving operational efficiency.

Net Income and Earnings Per Share (EPS)

Net income is the company's final profit after all expenses, interest, and taxes. Dividing net income by the number of shares outstanding gives you EPS — the single most influential metric in stock valuation. Consistent EPS growth is the primary driver of long-term stock price appreciation. Always check whether EPS growth comes from genuine profit improvement or from share buybacks reducing the share count.

Shares Outstanding

The total number of shares Inclusio has issued. A declining share count (through buybacks) boosts EPS and signals management confidence. A rising share count (through stock issuance) dilutes existing shareholders. Always monitor this number alongside EPS to get the full picture of per-share value creation.

Analyst Estimates

The projected figures represent consensus estimates from professional analysts. Compare these forecasts against Inclusio's historical growth rates to assess whether expectations are realistic. A company that consistently beats consensus estimates tends to see its stock price rewarded over time, while repeated misses erode investor confidence.

Inclusio stock margins

The Inclusio margin analysis displays the gross margin, EBIT margin, as well as the profit margin of Inclusio. The EBIT margin (EBIT/sales) indicates the percentage of sales that remains as operating profit. The profit margin shows the percentage of sales that remains for Inclusio.
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Gross margin
EBIT margin
Profit margin
Details
Date
Gross margin
EBIT margin
Profit margin
Jan 1, 2020
90.67 %
-17.85 %
0.73 %
Jan 1, 2021
90.67 %
63.87 %
208.00 %
Jan 1, 2022
90.67 %
68.52 %
212.96 %
Jan 1, 2023
91.77 %
292.31 %
246.15 %
Jan 1, 2024
90.67 %
166.67 %
126.67 %
Jan 1, 2025 (e)
90.67 %
79.23 %
50.26 %
Jan 1, 2026 (e)
90.67 %
87.88 %
46.64 %
Jan 1, 2027 (e)
90.67 %
85.64 %
45.74 %

Inclusio Stock Revenue, EBIT, Earnings per Share

The Inclusio earnings per share therefore indicates how much revenue Inclusio has generated per share in a given period. The earnings before interest and taxes per share shows how much of the operating profit corresponds to each share. The earnings per share indicates how much of the profit belongs to each share.
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  • Max

Revenue per Share
EBIT per share
Earnings per Share
Details
Date
Revenue per Share
EBIT per share
Earnings per Share
Jan 1, 2020
0.64 EUR
-0.11 EUR
0.00 EUR
Jan 1, 2021
0.95 EUR
0.61 EUR
1.97 EUR
Jan 1, 2022
1.41 EUR
0.96 EUR
2.99 EUR
Jan 1, 2023
1.75 EUR
5.12 EUR
4.31 EUR
Jan 1, 2024
2.02 EUR
3.37 EUR
2.56 EUR
Jan 1, 2025 (e)
2.27 EUR
1.85 EUR
1.14 EUR
Jan 1, 2026 (e)
2.40 EUR
2.17 EUR
1.12 EUR
Jan 1, 2027 (e)
2.68 EUR
2.36 EUR
1.23 EUR

Inclusio business model & stock analysis

Inclusio Eulerpool Fair Value

Details

Fair Value Estimate

What Is Fair Value?

Fair value is an estimate of what a stock is truly "worth" based on its financial fundamentals, independent of the current market price. If the calculated fair value is above the current share price, the stock may be undervalued — and vice versa. This chart shows three different fair value approaches so you can cross-check them against each other.

Earnings-Based Fair Value

Calculated by multiplying the current earnings per share (EPS) by the average historical P/E ratio over a selected multi-year period. The smoothing over several years filters out temporary spikes or dips. If this fair value exceeds the market price, it suggests the stock is cheap relative to its earning power.

Example: Fair Value (Earnings) 2022 = EPS 2022 × Average P/E 2019–2021

Revenue-Based Fair Value

Derived by multiplying revenue per share by the average historical price-to-sales ratio. This method is particularly useful for companies with volatile or temporarily depressed earnings, as revenue tends to be more stable than profits. It answers: "At what price has the market historically valued each dollar of this company's sales?"

Example: Fair Value (Revenue) 2022 = Revenue per Share 2022 × Average P/S 2019–2021

Dividend-Based Fair Value

Calculated by dividing the dividend per share by the average historical dividend yield. This approach is most relevant for mature, consistently dividend-paying companies. If the resulting fair value is higher than the current price, it implies the stock offers a better yield than its historical average.

Example: Fair Value (Dividend) 2022 = Dividend per Share 2022 ÷ Average Yield 2019–2021

How to Use This Chart

When all three fair value lines converge above the current price, it strengthens the case that the stock is undervalued. When they diverge, investigate why — it may indicate a structural shift in margins, payout policy, or growth rate. The forward estimates on the right extend the analysis using projected fundamentals, helping you assess whether the current price already reflects future growth expectations.

Inclusio historical P/E ratio, EBIT multiple, and P/S ratio

Inclusio annual returns

Details

Annual Return

What This Chart Shows

This chart breaks down 's total annual return into two components: price return (gains or losses from stock price movement) and dividend return (income received from dividend payments). Together, they represent the total return an investor would have earned in each calendar year.

Price Return

Price return measures the percentage change in 's stock price from January 1st to December 31st of each year. Positive bars indicate the stock appreciated; negative bars show a decline. This is the component most investors focus on, but it tells only part of the story — especially for dividend-paying stocks.

Dividend Return

Dividend return represents the income generated from dividends paid during the year, expressed as a percentage of the starting stock price. While it may seem small in any single year (typically 1–4 % for established companies), dividends compound significantly over decades and have historically contributed roughly 40 % of total stock market returns.

What to Look For

Examine how many years showed positive vs. negative returns to gauge consistency. A stock with mostly positive years and small drawdowns suggests lower risk. Also compare 's annual returns to a benchmark index — consistently outperforming the market is a hallmark of a strong investment. Pay attention to the worst years: understanding downside risk is just as important as chasing upside potential.

Inclusio shares outstanding

The number of shares of Inclusio was 7.42 M in 2025. This indicates how many shares Inclusio is divided into. Since shareholders are the owners of a company, each share represents a small portion of the company's ownership.
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Number of stocks
Details
Date
Number of stocks
Jan 1, 2020
7.19 M Stocks
Jan 1, 2021
7.43 M Stocks
Jan 1, 2022
7.43 M Stocks
Jan 1, 2023
7.42 M Stocks
Jan 1, 2024
7.42 M Stocks
Jan 1, 2025 (e)
7.42 M Stocks
Jan 1, 2026 (e)
7.42 M Stocks
Jan 1, 2027 (e)
7.42 M Stocks

Inclusio Dividend History

4 years of dividend payments · 3 consecutive increases

YearAnnual DividendYoY ChangePayments
20250.82EUR 9.3%
May 26, 20250.82EUR 9.3%1/1
20240.75EUR 7.1%
20230.70EUR 40.0%
20220.50EUR

Inclusio dividend history and estimates

In 2025, Inclusio paid a dividend amounting to 0.82 EUR. Dividend means that Inclusio distributes a portion of its profits to its owners.
  • 3 Years

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  • Max

Dividend
Dividend (Estimate)
Details
Date
Dividend
Dividend (Estimate)
Jan 1, 2022
0.50 EUR
0.00 EUR
Jan 1, 2023
0.70 EUR
0.00 EUR
Jan 1, 2024
0.75 EUR
0.00 EUR
Jan 1, 2025
0.82 EUR
0.00 EUR
Jan 1, 2026 (e)
0.00 EUR
0.97 EUR
Jan 1, 2027 (e)
0.00 EUR
1.14 EUR

Inclusio dividend payout ratio

In 2025, Inclusio had a payout ratio of 71.72%. The payout ratio indicates the percentage of the company's profits that Inclusio distributes as dividends.
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Payout ratio
Details
Date
Payout ratio
Jan 1, 2020
20.75 %
Jan 1, 2021
20.75 %
Jan 1, 2022
16.71 %
Jan 1, 2023
16.24 %
Jan 1, 2024
29.30 %
Jan 1, 2025 (e)
71.72 %
Jan 1, 2026 (e)
86.53 %
Jan 1, 2027 (e)
93.04 %

Current Inclusio forecasts and price targets in July 2026

Analyst Price Targets 2026
Δ MOM Price Target
0.00 %
Buy80.00 % (8)
Hold20.00 % (2)
Sell0.00 % (0)
12M Price Target
20.91
Last Price
16.30
Currency
EUR
12M Return Potential
28.28 %
LTM Return
0 %

Inclusio shareholder structure

% Name
26.60100%
Government of Belgium
Government of Belgium
3.79014%
Solant Inc
Solant Inc
2.98299%
FMR Investment Management (U.K.) Limited
FMR Investment Management (U.K.) Limited
1.34748%
BNP Paribas Asset Management Belgium S.A.
BNP Paribas Asset Management Belgium S.A.
0.93182%
BNP Paribas Asset Management Europe SAS
BNP Paribas Asset Management Europe SAS
0.18666%
Createrra Finance S.A.
Createrra Finance S.A.

Inclusio Executives and Management Board

AB

Mr. Andre Bosmans

(68)

Independent Chairman of the Board

Compensation30,500.00 EUR
FB

Mr. Francois De Borchgrave

Non-Executive Director, Representative of KOIS

Compensation4,000.00 EUR
MP

Mr. Matthieu De Posch

Non-Executive Director, Representing the FIF-FSI

Compensation4,000.00 EUR
BZ

Mr. Bart De Zutter

Non-Executive Director, Representative of Re-Vive

Compensation4,000.00 EUR
CD

Mr. Christophe Demain

Non-Executive Director, Representative of Belfius Insurance

Compensation4,000.00 EUR

Frequently asked questions about Inclusio

Analysts currently set an average price target of 20.91 EUR for the Inclusio stock (median: 20.91 EUR), implying +28.3 % versus the latest price. The consensus is based on 10 analyst ratings.