ITALIAN EXHIBITION GROUP SPA (IEG.MI) Stock Fundamental Analysis
BIT:IEG - Euronext Milan - IT0003411417 - Common Stock - Currency: EUR
Taking everything into account, IEG scores 6 out of 10 in our fundamental rating. IEG was compared to 67 industry peers in the Media industry. IEG scores excellent on profitability, but there are some minor concerns on its financial health. IEG scores decently on growth, while it is valued quite cheap. This could make an interesting combination. This makes IEG very considerable for value investing!
1. Profitability
1.1 Basic Checks
IEG had positive earnings in the past year.
In the past year IEG had a positive cash flow from operations.
IEG had positive earnings in 4 of the past 5 years.
Of the past 5 years IEG 4 years had a positive operating cash flow.
1.2 Ratios
IEG's Return On Assets of 12.60% is amongst the best of the industry. IEG outperforms 94.03% of its industry peers.
IEG has a better Return On Equity (37.73%) than 97.01% of its industry peers.
With an excellent Return On Invested Capital value of 20.90%, IEG belongs to the best of the industry, outperforming 97.01% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 12.6% | ||
| ROE | 37.73% | ||
| ROIC | 20.9% |
ROA(3y)1.4%
ROA(5y)0.87%
ROE(3y)4.85%
ROE(5y)2.94%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
With an excellent Profit Margin value of 13.05%, IEG belongs to the best of the industry, outperforming 88.06% of the companies in the same industry.
In the last couple of years the Profit Margin of IEG has remained more or less at the same level.
Looking at the Operating Margin, with a value of 18.14%, IEG belongs to the top of the industry, outperforming 94.03% of the companies in the same industry.
In the last couple of years the Operating Margin of IEG has remained more or less at the same level.
The Gross Margin of IEG (47.05%) is comparable to the rest of the industry.
In the last couple of years the Gross Margin of IEG has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 18.14% | ||
| PM (TTM) | 13.05% | ||
| GM | 47.05% |
OM growth 3YN/A
OM growth 5Y-0.14%
PM growth 3YN/A
PM growth 5Y-1.39%
GM growth 3Y9.49%
GM growth 5Y0.22%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), IEG is creating value.
IEG has less shares outstanding than it did 1 year ago.
IEG has less shares outstanding than it did 5 years ago.
IEG has a better debt/assets ratio than last year.
2.2 Solvency
An Altman-Z score of 1.95 indicates that IEG is not a great score, but indicates only limited risk for bankruptcy at the moment.
With a decent Altman-Z score value of 1.95, IEG is doing good in the industry, outperforming 68.66% of the companies in the same industry.
The Debt to FCF ratio of IEG is 3.64, which is a good value as it means it would take IEG, 3.64 years of fcf income to pay off all of its debts.
With a decent Debt to FCF ratio value of 3.64, IEG is doing good in the industry, outperforming 70.15% of the companies in the same industry.
A Debt/Equity ratio of 0.79 indicates that IEG is somewhat dependend on debt financing.
With a Debt to Equity ratio value of 0.79, IEG perfoms like the industry average, outperforming 52.24% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.79 | ||
| Debt/FCF | 3.64 | ||
| Altman-Z | 1.95 |
ROIC/WACC3.16
WACC6.61%
2.3 Liquidity
IEG has a Current Ratio of 0.74. 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's Current ratio of 0.74 is on the low side compared to the rest of the industry. IEG is outperformed by 68.66% of its industry peers.
IEG has a Quick Ratio of 0.74. This is a bad value and indicates that IEG is not financially healthy enough and could expect problems in meeting its short term obligations.
The Quick ratio of IEG (0.74) is worse than 62.69% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.74 | ||
| Quick Ratio | 0.74 |
3. Growth
3.1 Past
IEG shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 63.80%, which is quite impressive.
The Earnings Per Share has been growing slightly by 4.46% on average over the past years.
Looking at the last year, IEG shows a quite strong growth in Revenue. The Revenue has grown by 16.27% in the last year.
Measured over the past years, IEG shows a small growth in Revenue. The Revenue has been growing by 5.82% on average per year.
EPS 1Y (TTM)63.8%
EPS 3YN/A
EPS 5Y4.46%
EPS Q2Q%575.93%
Revenue 1Y (TTM)16.27%
Revenue growth 3Y40.86%
Revenue growth 5Y5.82%
Sales Q2Q%42.03%
3.2 Future
IEG is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 21.53% yearly.
Based on estimates for the next years, IEG will show a small growth in Revenue. The Revenue will grow by 4.13% on average per year.
EPS Next Y58.67%
EPS Next 2Y20.54%
EPS Next 3Y21.53%
EPS Next 5YN/A
Revenue Next Year15.91%
Revenue Next 2Y8.51%
Revenue Next 3Y9.97%
Revenue Next 5Y4.13%
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 accelerating.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 4.84, the valuation of IEG can be described as very cheap.
Based on the Price/Earnings ratio, IEG is valued cheaper than 92.54% of the companies in the same industry.
When comparing the Price/Earnings ratio of IEG to the average of the S&P500 Index (29.35), we can say IEG is valued rather cheaply.
A Price/Forward Earnings ratio of 8.98 indicates a reasonable valuation of IEG.
Based on the Price/Forward Earnings ratio, IEG is valued a bit cheaper than the industry average as 71.64% of the companies are valued more expensively.
The average S&P500 Price/Forward Earnings ratio is at 22.10. IEG is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 4.84 | ||
| Fwd PE | 8.98 |
4.2 Price Multiples
IEG's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. IEG is cheaper than 83.58% of the companies in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of IEG indicates a somewhat cheap valuation: IEG is cheaper than 68.66% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 6.81 | ||
| EV/EBITDA | 3.67 |
4.3 Compensation for Growth
The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
IEG has a very decent profitability rating, which may justify a higher PE ratio.
IEG's earnings are expected to grow with 21.53% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.08
PEG (5Y)1.08
EPS Next 2Y20.54%
EPS Next 3Y21.53%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 1.89%, IEG has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 4.47, IEG has a dividend in line with its industry peers.
IEG's Dividend Yield is comparable with the S&P500 average which is at 2.33.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.89% |
5.2 History
Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
DPN/A
EPS Next 2Y20.54%
EPS Next 3Y21.53%
BIT:IEG (3/6/2025, 7:00:00 PM)
7.4
-0.08 (-1.07%)
Chartmill FA Rating
GICS SectorCommunication Services
GICS IndustryGroupMedia & Entertainment
GICS IndustryMedia
Earnings (Last)
Earnings (Next)
Inst Owners5.06%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap228.36M
Analysts82.86
Price Target7.48 (1.08%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.89% |
Yearly Dividend0.18
Dividend Growth(5Y)N/A
DPN/A
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)0%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)1.95%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.63%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 4.84 | ||
| Fwd PE | 8.98 | ||
| P/S | 0.64 | ||
| P/FCF | 6.81 | ||
| P/OCF | 4.33 | ||
| P/B | 1.84 | ||
| P/tB | 2.81 | ||
| EV/EBITDA | 3.67 |
EPS(TTM)1.53
EY20.68%
EPS(NY)0.82
Fwd EY11.13%
FCF(TTM)1.09
FCFY14.68%
OCF(TTM)1.71
OCFY23.1%
SpS11.62
BVpS4.02
TBVpS2.64
PEG (NY)0.08
PEG (5Y)1.08
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 12.6% | ||
| ROE | 37.73% | ||
| ROCE | 27.86% | ||
| ROIC | 20.9% | ||
| ROICexc | 26.07% | ||
| ROICexgc | 33.74% | ||
| OM | 18.14% | ||
| PM (TTM) | 13.05% | ||
| GM | 47.05% | ||
| FCFM | 9.35% |
ROA(3y)1.4%
ROA(5y)0.87%
ROE(3y)4.85%
ROE(5y)2.94%
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 3YN/A
ROICexcg growth 5Y6.78%
ROICexc growth 3YN/A
ROICexc growth 5Y5.22%
OM growth 3YN/A
OM growth 5Y-0.14%
PM growth 3YN/A
PM growth 5Y-1.39%
GM growth 3Y9.49%
GM growth 5Y0.22%
F-Score8
Asset Turnover0.97
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.79 | ||
| Debt/FCF | 3.64 | ||
| Debt/EBITDA | 1.18 | ||
| Cap/Depr | 109.39% | ||
| Cap/Sales | 5.36% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 63.86% | ||
| Profit Quality | 71.68% | ||
| Current Ratio | 0.74 | ||
| Quick Ratio | 0.74 | ||
| Altman-Z | 1.95 |
F-Score8
WACC6.61%
ROIC/WACC3.16
Cap/Depr(3y)39.96%
Cap/Depr(5y)49.61%
Cap/Sales(3y)5.02%
Cap/Sales(5y)6.09%
Profit Quality(3y)1828.09%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)63.8%
EPS 3YN/A
EPS 5Y4.46%
EPS Q2Q%575.93%
EPS Next Y58.67%
EPS Next 2Y20.54%
EPS Next 3Y21.53%
EPS Next 5YN/A
Revenue 1Y (TTM)16.27%
Revenue growth 3Y40.86%
Revenue growth 5Y5.82%
Sales Q2Q%42.03%
Revenue Next Year15.91%
Revenue Next 2Y8.51%
Revenue Next 3Y9.97%
Revenue Next 5Y4.13%
EBIT growth 1Y49.42%
EBIT growth 3YN/A
EBIT growth 5Y5.67%
EBIT Next Year114.87%
EBIT Next 3Y34.85%
EBIT Next 5Y14.58%
FCF growth 1Y5.48%
FCF growth 3YN/A
FCF growth 5Y9.33%
OCF growth 1Y47.14%
OCF growth 3YN/A
OCF growth 5Y6.77%