IMMOBILIARE GRANDE DISTRIBUZ (IGD.MI) Stock Fundamental Analysis
Europe - Euronext Milan - BIT:IGD - IT0005322612 - REIT
3.518 EUR
-0.02 (-0.62%)
Overall IGD gets a fundamental rating of 3 out of 10. We evaluated IGD against 42 industry peers in the Diversified REITs industry. While IGD is still in line with the averages on profitability rating, there are concerns on its financial health. IGD is valued correctly, but it does not seem to be growing.
1. Profitability
1.1 Basic Checks
- In the past year IGD was profitable.
- In the past year IGD had a positive cash flow from operations.
- In the past 5 years IGD reported 4 times negative net income.
- In the past 5 years IGD always reported a positive cash flow from operatings.
1.2 Ratios
- IGD has a worse Return On Assets (0.82%) than 66.67% of its industry peers.
- Looking at the Return On Equity, with a value of 1.56%, IGD is doing worse than 64.29% of the companies in the same industry.
- IGD has a Return On Invested Capital of 5.84%. This is amongst the best in the industry. IGD outperforms 95.24% of its industry peers.
- IGD had an Average Return On Invested Capital over the past 3 years of 3.96%. This is in line with the industry average of 3.45%.
- The 3 year average ROIC (3.96%) for IGD is below the current ROIC(5.84%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.82% | ||
| ROE | 1.56% | ||
| ROIC | 5.84% |
ROA(3y)-2.2%
ROA(5y)-1.48%
ROE(3y)-4.42%
ROE(5y)-3.08%
ROIC(3y)3.96%
ROIC(5y)3.84%
1.3 Margins
- IGD's Profit Margin of 7.18% is on the low side compared to the rest of the industry. IGD is outperformed by 64.29% of its industry peers.
- IGD has a Operating Margin (65.35%) which is comparable to the rest of the industry.
- IGD's Operating Margin has declined in the last couple of years.
- The Gross Margin of IGD (85.86%) is better than 78.57% of its industry peers.
- IGD's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 65.35% | ||
| PM (TTM) | 7.18% | ||
| GM | 85.86% |
OM growth 3Y-2.82%
OM growth 5Y-2.28%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-1.68%
GM growth 5Y-1.13%
2. Health
2.1 Basic Checks
- IGD has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
- IGD has about the same amout of shares outstanding than it did 1 year ago.
- Compared to 5 years ago, IGD has about the same amount of shares outstanding.
- IGD has a better debt/assets ratio than last year.
2.2 Solvency
- Based on the Altman-Z score of 0.86, we must say that IGD is in the distress zone and has some risk of bankruptcy.
- IGD has a Altman-Z score of 0.86. This is comparable to the rest of the industry: IGD outperforms 47.62% of its industry peers.
- The Debt to FCF ratio of IGD is 22.55, which is on the high side as it means it would take IGD, 22.55 years of fcf income to pay off all of its debts.
- IGD's Debt to FCF ratio of 22.55 is on the low side compared to the rest of the industry. IGD is outperformed by 64.29% of its industry peers.
- A Debt/Equity ratio of 0.79 indicates that IGD is somewhat dependend on debt financing.
- Looking at the Debt to Equity ratio, with a value of 0.79, IGD is doing worse than 64.29% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.79 | ||
| Debt/FCF | 22.55 | ||
| Altman-Z | 0.86 |
ROIC/WACC1.14
WACC5.1%
2.3 Liquidity
- IGD has a Current Ratio of 0.52. This is a bad value and indicates that IGD is not financially healthy enough and could expect problems in meeting its short term obligations.
- IGD has a Current ratio (0.52) which is comparable to the rest of the industry.
- IGD has a Quick Ratio of 0.52. This is a bad value and indicates that IGD is not financially healthy enough and could expect problems in meeting its short term obligations.
- With a Quick ratio value of 0.23, IGD is not doing good in the industry: 71.43% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.52 | ||
| Quick Ratio | 0.23 |
3. Growth
3.1 Past
- The Earnings Per Share has grown by an impressive 127.60% over the past year.
- The Revenue has decreased by -6.63% in the past year.
- IGD shows a decrease in Revenue. Measured over the last years, the Revenue has been decreasing by -2.17% yearly.
EPS 1Y (TTM)127.6%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%132.59%
Revenue 1Y (TTM)-6.63%
Revenue growth 3Y-1.5%
Revenue growth 5Y-2.17%
Sales Q2Q%-5.1%
3.2 Future
- The Earnings Per Share is expected to grow by 29.89% on average over the next years. This is a very strong growth
- Based on estimates for the next years, IGD will show a decrease in Revenue. The Revenue will decrease by -0.91% on average per year.
EPS Next Y38.97%
EPS Next 2Y41.9%
EPS Next 3Y29.89%
EPS Next 5YN/A
Revenue Next Year-1.39%
Revenue Next 2Y-0.49%
Revenue Next 3Y-0.91%
Revenue Next 5YN/A
3.3 Evolution
- The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
- IGD is valuated quite expensively with a Price/Earnings ratio of 25.13.
- Based on the Price/Earnings ratio, IGD is valued a bit more expensive than the industry average as 61.90% of the companies are valued more cheaply.
- The average S&P500 Price/Earnings ratio is at 27.21. IGD is around the same levels.
- The Price/Forward Earnings ratio is 8.87, which indicates a very decent valuation of IGD.
- Based on the Price/Forward Earnings ratio, IGD is valued cheaply inside the industry as 85.71% of the companies are valued more expensively.
- When comparing the Price/Forward Earnings ratio of IGD to the average of the S&P500 Index (24.26), we can say IGD is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 25.13 | ||
| Fwd PE | 8.87 |
4.2 Price Multiples
- 100.00% of the companies in the same industry are more expensive than IGD, based on the Enterprise Value to EBITDA ratio.
- Based on the Price/Free Cash Flow ratio, IGD is valued a bit cheaper than 66.67% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 10.88 | ||
| EV/EBITDA | 8.45 |
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.
- A more expensive valuation may be justified as IGD's earnings are expected to grow with 29.89% in the coming years.
PEG (NY)0.64
PEG (5Y)N/A
EPS Next 2Y41.9%
EPS Next 3Y29.89%
5. Dividend
5.1 Amount
- With a Yearly Dividend Yield of 2.87%, IGD has a reasonable but not impressive dividend return.
- Compared to an average industry Dividend Yield of 5.42, IGD is paying slightly less dividend.
- IGD's Dividend Yield is rather good when compared to the S&P500 average which is at 1.82.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.87% |
5.2 History
Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
- IGD pays out 72.52% of its income as dividend. This is not a sustainable payout ratio.
DP72.52%
EPS Next 2Y41.9%
EPS Next 3Y29.89%
IMMOBILIARE GRANDE DISTRIBUZ / IGD.MI FAQ
What is the ChartMill fundamental rating of IMMOBILIARE GRANDE DISTRIBUZ (IGD.MI) stock?
ChartMill assigns a fundamental rating of 3 / 10 to IGD.MI.
What is the valuation status for IGD stock?
ChartMill assigns a valuation rating of 6 / 10 to IMMOBILIARE GRANDE DISTRIBUZ (IGD.MI). This can be considered as Fairly Valued.
What is the profitability of IGD stock?
IMMOBILIARE GRANDE DISTRIBUZ (IGD.MI) has a profitability rating of 4 / 10.
What is the valuation of IMMOBILIARE GRANDE DISTRIBUZ based on its PE and PB ratios?
The Price/Earnings (PE) ratio for IMMOBILIARE GRANDE DISTRIBUZ (IGD.MI) is 25.13 and the Price/Book (PB) ratio is 0.4.
Is the dividend of IMMOBILIARE GRANDE DISTRIBUZ sustainable?
The dividend rating of IMMOBILIARE GRANDE DISTRIBUZ (IGD.MI) is 3 / 10 and the dividend payout ratio is 72.52%.