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ITALIAN EXHIBITION GROUP SPA (IEG.MI) Stock Fundamental Analysis

BIT:IEG - Euronext Milan - IT0003411417 - Common Stock - Currency: EUR

8.72  +0.1 (+1.16%)

Fundamental Rating

5

Taking everything into account, IEG scores 5 out of 10 in our fundamental rating. IEG was compared to 66 industry peers in the Media industry. IEG scores excellent on profitability, but there are some minor concerns on its financial health. IEG has a correct valuation and a medium growth rate.


Dividend Valuation Growth Profitability Health

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7

1. Profitability

1.1 Basic Checks

In the past year IEG was profitable.
IEG had a positive operating cash flow in the past year.
IEG had positive earnings in 4 of the past 5 years.
IEG had a positive operating cash flow in 4 of the past 5 years.
IEG.MI Yearly Net Income VS EBIT VS OCF VS FCFIEG.MI Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20M -20M 40M

1.2 Ratios

IEG has a better Return On Assets (13.62%) than 95.45% of its industry peers.
With an excellent Return On Equity value of 35.02%, IEG belongs to the best of the industry, outperforming 93.94% of the companies in the same industry.
Looking at the Return On Invested Capital, with a value of 21.79%, IEG belongs to the top of the industry, outperforming 98.48% of the companies in the same industry.
Industry RankSector Rank
ROA 13.62%
ROE 35.02%
ROIC 21.79%
ROA(3y)3.91%
ROA(5y)1.69%
ROE(3y)12.01%
ROE(5y)5.11%
ROIC(3y)N/A
ROIC(5y)N/A
IEG.MI Yearly ROA, ROE, ROICIEG.MI Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10 -10 20

1.3 Margins

IEG has a better Profit Margin (13.59%) than 92.42% of its industry peers.
In the last couple of years the Profit Margin of IEG has grown nicely.
IEG has a better Operating Margin (20.82%) than 96.97% of its industry peers.
IEG's Operating Margin has improved in the last couple of years.
IEG has a Gross Margin (46.47%) which is in line with its industry peers.
In the last couple of years the Gross Margin of IEG has remained more or less at the same level.
Industry RankSector Rank
OM 20.82%
PM (TTM) 13.59%
GM 46.47%
OM growth 3Y24.11%
OM growth 5Y6.18%
PM growth 3Y78.2%
PM growth 5Y12.02%
GM growth 3Y15.88%
GM growth 5Y0.99%
IEG.MI Yearly Profit, Operating, Gross MarginsIEG.MI Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20 40

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4

2. Health

2.1 Basic Checks

The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so IEG is creating value.
Compared to 1 year ago, IEG has less shares outstanding
Compared to 5 years ago, IEG has less shares outstanding
The debt/assets ratio for IEG has been reduced compared to a year ago.
IEG.MI Yearly Shares OutstandingIEG.MI Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10M 20M 30M 40M
IEG.MI Yearly Total Debt VS Total AssetsIEG.MI Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M

2.2 Solvency

An Altman-Z score of 2.40 indicates that IEG is not a great score, but indicates only limited risk for bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 2.40, IEG belongs to the top of the industry, outperforming 84.85% of the companies in the same industry.
IEG has a debt to FCF ratio of 8.11. This is a slightly negative value and a sign of low solvency as IEG would need 8.11 years to pay back of all of its debts.
IEG has a Debt to FCF ratio of 8.11. This is comparable to the rest of the industry: IEG outperforms 42.42% of its industry peers.
A Debt/Equity ratio of 0.64 indicates that IEG is somewhat dependend on debt financing.
IEG has a Debt to Equity ratio (0.64) which is comparable to the rest of the industry.
Industry RankSector Rank
Debt/Equity 0.64
Debt/FCF 8.11
Altman-Z 2.4
ROIC/WACC3.21
WACC6.79%
IEG.MI Yearly LT Debt VS Equity VS FCFIEG.MI Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 50M 100M

2.3 Liquidity

IEG has a Current Ratio of 0.87. This is a bad value and indicates that IEG is not financially healthy enough and could expect problems in meeting its short term obligations.
IEG has a worse Current ratio (0.87) than 63.64% of its industry peers.
IEG has a Quick Ratio of 0.87. This is a bad value and indicates that IEG is not financially healthy enough and could expect problems in meeting its short term obligations.
IEG has a Quick ratio (0.86) which is comparable to the rest of the industry.
Industry RankSector Rank
Current Ratio 0.87
Quick Ratio 0.86
IEG.MI Yearly Current Assets VS Current LiabilitesIEG.MI Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M

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5

3. Growth

3.1 Past

IEG shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 50.18%, which is quite impressive.
Measured over the past years, IEG shows a very strong growth in Earnings Per Share. The EPS has been growing by 20.23% on average per year.
Looking at the last year, IEG shows a quite strong growth in Revenue. The Revenue has grown by 19.69% in the last year.
IEG shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 7.11% yearly.
EPS 1Y (TTM)50.18%
EPS 3Y170.14%
EPS 5Y20.23%
EPS Q2Q%-10.13%
Revenue 1Y (TTM)19.69%
Revenue growth 3Y51.12%
Revenue growth 5Y7.11%
Sales Q2Q%15.22%

3.2 Future

Based on estimates for the next years, IEG will show a small growth in Earnings Per Share. The EPS will grow by 2.40% on average per year.
Based on estimates for the next years, IEG will show a small growth in Revenue. The Revenue will grow by 2.23% on average per year.
EPS Next Y-3.34%
EPS Next 2Y4.77%
EPS Next 3Y2.4%
EPS Next 5YN/A
Revenue Next Year5.13%
Revenue Next 2Y6.46%
Revenue Next 3Y5.81%
Revenue Next 5Y2.23%

3.3 Evolution

When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
IEG.MI Yearly Revenue VS EstimatesIEG.MI Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 50M 100M 150M 200M 250M
IEG.MI Yearly EPS VS EstimatesIEG.MI Yearly EPS VS EstimatesYearly EPS VS Estimates 2019 2020 2021 2022 2023 2024 2025 2026 2027 0 0.2 -0.2 0.4 0.6 0.8 1

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6

4. Valuation

4.1 Price/Earnings Ratio

With a Price/Earnings ratio of 4.98, the valuation of IEG can be described as very cheap.
IEG's Price/Earnings ratio is rather cheap when compared to the industry. IEG is cheaper than 93.94% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 27.19. IEG is valued rather cheaply when compared to this.
IEG is valuated reasonably with a Price/Forward Earnings ratio of 8.57.
Based on the Price/Forward Earnings ratio, IEG is valued a bit cheaper than the industry average as 75.76% of the companies are valued more expensively.
IEG's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 35.33.
Industry RankSector Rank
PE 4.98
Fwd PE 8.57
IEG.MI Price Earnings VS Forward Price EarningsIEG.MI Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

IEG's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. IEG is cheaper than 83.33% of the companies in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of IEG is on the same level as its industry peers.
Industry RankSector Rank
P/FCF 17.96
EV/EBITDA 3.32
IEG.MI Per share dataIEG.MI EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 2 4 6 8 10

4.3 Compensation for Growth

The decent profitability rating of IEG may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)0.25
EPS Next 2Y4.77%
EPS Next 3Y2.4%

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3

5. Dividend

5.1 Amount

IEG has a Yearly Dividend Yield of 2.32%.
IEG's Dividend Yield is comparable with the industry average which is at 5.29.
IEG's Dividend Yield is comparable with the S&P500 average which is at 2.35.
Industry RankSector Rank
Dividend Yield 2.32%

5.2 History

Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years0

5.3 Sustainability

IEG pays out 8.00% of its income as dividend. This is a sustainable payout ratio.
DP8%
EPS Next 2Y4.77%
EPS Next 3Y2.4%
IEG.MI Yearly Income VS Free CF VS DividendIEG.MI Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20M -20M
IEG.MI Dividend Payout.IEG.MI Dividend Payout, showing the Payout Ratio.IEG.MI Dividend Payout.PayoutRetained Earnings

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ITALIAN EXHIBITION GROUP SPA

BIT:IEG (7/15/2025, 7:00:00 PM)

8.72

+0.1 (+1.16%)

Chartmill FA Rating
GICS SectorCommunication Services
GICS IndustryGroupMedia & Entertainment
GICS IndustryMedia
Earnings (Last)N/A N/A
Earnings (Next)N/A N/A
Inst Owners14.95%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap269.10M
Analysts82.86
Price Target9.69 (11.12%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 2.32%
Yearly Dividend0.14
Dividend Growth(5Y)N/A
DP8%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0%
PT rev (3m)13.1%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)8.7%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)4%
Valuation
Industry RankSector Rank
PE 4.98
Fwd PE 8.57
P/S 0.68
P/FCF 17.96
P/OCF 7.38
P/B 1.76
P/tB 2.64
EV/EBITDA 3.32
EPS(TTM)1.75
EY20.07%
EPS(NY)1.02
Fwd EY11.66%
FCF(TTM)0.49
FCFY5.57%
OCF(TTM)1.18
OCFY13.55%
SpS12.74
BVpS4.95
TBVpS3.3
PEG (NY)N/A
PEG (5Y)0.25
Profitability
Industry RankSector Rank
ROA 13.62%
ROE 35.02%
ROCE 30.28%
ROIC 21.79%
ROICexc 28.2%
ROICexgc 37.27%
OM 20.82%
PM (TTM) 13.59%
GM 46.47%
FCFM 3.81%
ROA(3y)3.91%
ROA(5y)1.69%
ROE(3y)12.01%
ROE(5y)5.11%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3Y90.75%
ROICexcg growth 5Y17.75%
ROICexc growth 3Y85.18%
ROICexc growth 5Y15.44%
OM growth 3Y24.11%
OM growth 5Y6.18%
PM growth 3Y78.2%
PM growth 5Y12.02%
GM growth 3Y15.88%
GM growth 5Y0.99%
F-Score6
Asset Turnover1
Health
Industry RankSector Rank
Debt/Equity 0.64
Debt/FCF 8.11
Debt/EBITDA 0.97
Cap/Depr 115.62%
Cap/Sales 5.46%
Interest Coverage 250
Cash Conversion 36.29%
Profit Quality 28.02%
Current Ratio 0.87
Quick Ratio 0.86
Altman-Z 2.4
F-Score6
WACC6.79%
ROIC/WACC3.21
Cap/Depr(3y)71.6%
Cap/Depr(5y)52.5%
Cap/Sales(3y)5.64%
Cap/Sales(5y)5.81%
Profit Quality(3y)1249.2%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)50.18%
EPS 3Y170.14%
EPS 5Y20.23%
EPS Q2Q%-10.13%
EPS Next Y-3.34%
EPS Next 2Y4.77%
EPS Next 3Y2.4%
EPS Next 5YN/A
Revenue 1Y (TTM)19.69%
Revenue growth 3Y51.12%
Revenue growth 5Y7.11%
Sales Q2Q%15.22%
Revenue Next Year5.13%
Revenue Next 2Y6.46%
Revenue Next 3Y5.81%
Revenue Next 5Y2.23%
EBIT growth 1Y52.47%
EBIT growth 3Y87.55%
EBIT growth 5Y13.74%
EBIT Next Year52.75%
EBIT Next 3Y20.68%
EBIT Next 5Y6.29%
FCF growth 1Y-53.64%
FCF growth 3Y-0.85%
FCF growth 5Y51.4%
OCF growth 1Y-2.97%
OCF growth 3Y13.75%
OCF growth 5Y18.5%