What are the implications of the 27.5% equity increase for future earnings estimates and valuation ratios?

The 27.5 % jump in equity (to €18.73 per share) signals that INVL has been able to retain a sizable portion of earnings and/or raise fresh capital without diluting shareholders. In practice, analysts will lift the earnings‑per‑share (EPS) forecast for 2025‑2026, especially if the equity growth stems from retained profit rather than one‑off equity issuances. A higher EPS base reduces the “earnings gap” between the current price and the intrinsic value, allowing a lower forward P/E to still be justified. Consequently, the market may re‑price INVL on a tighter multiple (e.g., moving from a forward P/E of 12× to 9‑10×) while keeping the implied earnings outlook unchanged, or it may keep the multiple but raise the earnings estimate, effectively boosting the target price by roughly the same percentage as the equity increase.

From a trading perspective, the equity surge should be reflected in the stock’s technical profile. The price is likely to have broken recent resistance around the €18‑€19 zone, with the moving‑average crossover (e.g., 20‑day above 50‑day) confirming bullish momentum. Traders can look for a continuation setup: enter long on a pull‑back to the 20‑day EMA or support at the €18.5 level, with a stop just below the €17.5 low. A profit target around €22‑€23 aligns with a 15‑20 % upside, which mirrors the equity gain while still allowing room for valuation expansion if the forward P/E compresses further. Conversely, watch for a break below €17.5 on higher volume as a warning sign that the equity boost may be viewed as a dilution event rather than earnings strength, prompting a short‑term exit.