Logo image of IGD.MI

IMMOBILIARE GRANDE DISTRIBUZ (IGD.MI) Stock Fundamental Analysis

BIT:IGD - Euronext Milan - IT0005322612 - REIT - Currency: EUR

2.52  -0.1 (-4%)

Fundamental Rating

2

IGD gets a fundamental rating of 2 out of 10. The analysis compared the fundamentals against 41 industry peers in the Diversified REITs industry. There are concerns on the financial health of IGD while its profitability can be described as average. IGD is valued expensive and it does not seem to be growing.


Dividend Valuation Growth Profitability Health

Quickly go to:

4

1. Profitability

1.1 Basic Checks

In the past year IGD has reported negative net income.
In the past year IGD had a positive cash flow from operations.
In multiple years IGD reported negative net income over the last 5 years.
IGD had a positive operating cash flow in each of the past 5 years.
IGD.MI Yearly Net Income VS EBIT VS OCF VS FCFIGD.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 0 50M -50M 100M

1.2 Ratios

With a Return On Assets value of -3.35%, IGD is not doing good in the industry: 74.42% of the companies in the same industry are doing better.
IGD has a Return On Equity of -6.44%. This is in the lower half of the industry: IGD underperforms 72.09% of its industry peers.
With an excellent Return On Invested Capital value of 6.67%, IGD belongs to the best of the industry, outperforming 93.02% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for IGD is in line with the industry average of 4.05%.
The last Return On Invested Capital (6.67%) for IGD is above the 3 year average (3.84%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA -3.35%
ROE -6.44%
ROIC 6.67%
ROA(3y)-0.93%
ROA(5y)-1.06%
ROE(3y)-1.88%
ROE(5y)-2.26%
ROIC(3y)3.84%
ROIC(5y)3.73%
IGD.MI Yearly ROA, ROE, ROICIGD.MI Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 5 -5

1.3 Margins

IGD's Operating Margin of 70.62% is in line compared to the rest of the industry. IGD outperforms 48.84% of its industry peers.
In the last couple of years the Operating Margin of IGD has declined.
The Gross Margin of IGD (88.06%) is better than 74.42% of its industry peers.
In the last couple of years the Gross Margin of IGD has remained more or less at the same level.
Industry RankSector Rank
OM 70.62%
PM (TTM) N/A
GM 88.06%
OM growth 3Y-1.24%
OM growth 5Y-2.49%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-3.09%
GM growth 5Y-1.27%
IGD.MI Yearly Profit, Operating, Gross MarginsIGD.MI Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 50 -50

More info and screens

1

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.
The number of shares outstanding for IGD remains at a similar level compared to 1 year ago.
IGD has about the same amout of shares outstanding than it did 5 years ago.
Compared to 1 year ago, IGD has a worse debt to assets ratio.
IGD.MI Yearly Shares OutstandingIGD.MI Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 20M 40M 60M 80M 100M
IGD.MI Yearly Total Debt VS Total AssetsIGD.MI Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 500M 1B 1.5B 2B 2.5B

2.2 Solvency

IGD has an Altman-Z score of 0.79. This is a bad value and indicates that IGD is not financially healthy and even has some risk of bankruptcy.
The Altman-Z score of IGD (0.79) is worse than 62.79% of its industry peers.
The Debt to FCF ratio of IGD is 49.48, which is on the high side as it means it would take IGD, 49.48 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of IGD (49.48) is worse than 74.42% of its industry peers.
IGD has a Debt/Equity ratio of 0.78. This is a neutral value indicating IGD is somewhat dependend on debt financing.
IGD has a Debt to Equity ratio of 0.78. This is comparable to the rest of the industry: IGD outperforms 48.84% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.78
Debt/FCF 49.48
Altman-Z 0.79
ROIC/WACC1.4
WACC4.75%
IGD.MI Yearly LT Debt VS Equity VS FCFIGD.MI Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 200M 400M 600M 800M 1B

2.3 Liquidity

A Current Ratio of 0.49 indicates that IGD may have some problems paying its short term obligations.
With a Current ratio value of 0.49, IGD perfoms like the industry average, outperforming 51.16% of the companies in the same industry.
A Quick Ratio of 0.25 indicates that IGD may have some problems paying its short term obligations.
Looking at the Quick ratio, with a value of 0.25, IGD is doing worse than 67.44% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 0.49
Quick Ratio 0.25
IGD.MI Yearly Current Assets VS Current LiabilitesIGD.MI Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 50M 100M 150M 200M 250M

More info and screens

0

3. Growth

3.1 Past

IGD shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 14.44%, which is quite good.
Looking at the last year, IGD shows a decrease in Revenue. The Revenue has decreased by -6.15% in the last year.
The Revenue has been decreasing by -0.73% on average over the past years.
EPS 1Y (TTM)14.44%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-93.88%
Revenue 1Y (TTM)-6.15%
Revenue growth 3Y0.87%
Revenue growth 5Y-0.73%
Sales Q2Q%-8.02%

3.2 Future

IGD is expected to show a decrease in Earnings Per Share. In the coming years, the EPS will decrease by -4.56% yearly.
IGD is expected to show a decrease in Revenue. In the coming years, the Revenue will decrease by -2.36% yearly.
EPS Next Y-60.53%
EPS Next 2Y-19.7%
EPS Next 3Y-7.22%
EPS Next 5Y-4.56%
Revenue Next Year-6.25%
Revenue Next 2Y-4.17%
Revenue Next 3Y-2.65%
Revenue Next 5Y-2.36%

3.3 Evolution

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.
IGD.MI Yearly Revenue VS EstimatesIGD.MI Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2016 2018 2020 2022 2024 2026 2028 2030 2032 50M 100M 150M
IGD.MI Yearly EPS VS EstimatesIGD.MI Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2016 2018 2020 2022 2024 2026 2028 2030 2032 0.2 0.4 0.6 0.8

More info and screens

3

4. Valuation

4.1 Price/Earnings Ratio

IGD reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
Based on the Price/Forward Earnings ratio of 7.83, the valuation of IGD can be described as very cheap.
Based on the Price/Forward Earnings ratio, IGD is valued cheaper than 86.05% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of IGD to the average of the S&P500 Index (22.10), we can say IGD is valued rather cheaply.
Industry RankSector Rank
PE N/A
Fwd PE 7.83
IGD.MI Price Earnings VS Forward Price EarningsIGD.MI Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 10 20

4.2 Price Multiples

Based on the Enterprise Value to EBITDA ratio, IGD is valued cheaply inside the industry as 100.00% of the companies are valued more expensively.
Based on the Price/Free Cash Flow ratio, IGD is valued a bit more expensive than 60.47% of the companies in the same industry.
Industry RankSector Rank
P/FCF 16.75
EV/EBITDA 6.87
IGD.MI Per share dataIGD.MI EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 2 4 6 8

4.3 Compensation for Growth

IGD's earnings are expected to decrease with -7.22% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-19.7%
EPS Next 3Y-7.22%

More info and screens

6

5. Dividend

5.1 Amount

With a Yearly Dividend Yield of 13.73%, IGD is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 8.71, IGD pays a better dividend. On top of this IGD pays more dividend than 93.02% of the companies listed in the same industry.
IGD's Dividend Yield is rather good when compared to the S&P500 average which is at 2.33.
Industry RankSector Rank
Dividend Yield 13.73%

5.2 History

The dividend of IGD decreases each year by -7.79%.
Dividend Growth(5Y)-7.79%
Div Incr Years0
Div Non Decr Years0

5.3 Sustainability

The Dividend Rate of IGD has been decling, while earnings will also be declining. This means the current dividend is most likely not sustainable.
DP0%
EPS Next 2Y-19.7%
EPS Next 3Y-7.22%
IGD.MI Yearly Income VS Free CF VS DividendIGD.MI Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 50M -50M

More info and screens

IMMOBILIARE GRANDE DISTRIBUZ

BIT:IGD (3/7/2025, 7:00:00 PM)

2.52

-0.1 (-4%)

Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)03-06 2025-03-06/amc
Earnings (Next)05-06 2025-05-06
Inst Owners7.95%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap278.06M
Analysts77.14
Price Target3.09 (22.62%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 13.73%
Yearly Dividend0.3
Dividend Growth(5Y)-7.79%
DP0%
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)7.06%
PT rev (3m)12.34%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)-0.68%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.38%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE 7.83
P/S 1.25
P/FCF 16.75
P/OCF 7.54
P/B 0.29
P/tB 0.29
EV/EBITDA 6.87
EPS(TTM)-0.57
EYN/A
EPS(NY)0.32
Fwd EY12.77%
FCF(TTM)0.15
FCFY5.97%
OCF(TTM)0.33
OCFY13.26%
SpS2.02
BVpS8.77
TBVpS8.71
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -3.35%
ROE -6.44%
ROCE 8.89%
ROIC 6.67%
ROICexc 6.69%
ROICexgc 6.72%
OM 70.62%
PM (TTM) N/A
GM 88.06%
FCFM 7.46%
ROA(3y)-0.93%
ROA(5y)-1.06%
ROE(3y)-1.88%
ROE(5y)-2.26%
ROIC(3y)3.84%
ROIC(5y)3.73%
ROICexc(3y)3.97%
ROICexc(5y)3.88%
ROICexgc(3y)3.98%
ROICexgc(5y)3.9%
ROCE(3y)5.13%
ROCE(5y)4.98%
ROICexcg growth 3Y3.15%
ROICexcg growth 5Y-0.72%
ROICexc growth 3Y3.15%
ROICexc growth 5Y-0.69%
OM growth 3Y-1.24%
OM growth 5Y-2.49%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-3.09%
GM growth 5Y-1.27%
F-Score6
Asset Turnover0.12
Health
Industry RankSector Rank
Debt/Equity 0.78
Debt/FCF 49.48
Debt/EBITDA 4.77
Cap/Depr 947.97%
Cap/Sales 9.11%
Interest Coverage 250
Cash Conversion 23.15%
Profit Quality N/A
Current Ratio 0.49
Quick Ratio 0.25
Altman-Z 0.79
F-Score6
WACC4.75%
ROIC/WACC1.4
Cap/Depr(3y)1887.84%
Cap/Depr(5y)2403.31%
Cap/Sales(3y)16.21%
Cap/Sales(5y)16.64%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)14.44%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-93.88%
EPS Next Y-60.53%
EPS Next 2Y-19.7%
EPS Next 3Y-7.22%
EPS Next 5Y-4.56%
Revenue 1Y (TTM)-6.15%
Revenue growth 3Y0.87%
Revenue growth 5Y-0.73%
Sales Q2Q%-8.02%
Revenue Next Year-6.25%
Revenue Next 2Y-4.17%
Revenue Next 3Y-2.65%
Revenue Next 5Y-2.36%
EBIT growth 1Y0.47%
EBIT growth 3Y-0.38%
EBIT growth 5Y-3.2%
EBIT Next Year680.86%
EBIT Next 3Y98.32%
EBIT Next 5Y51.22%
FCF growth 1Y-69.62%
FCF growth 3Y11.41%
FCF growth 5Y-2.24%
OCF growth 1Y-51.95%
OCF growth 3Y12.72%
OCF growth 5Y-0.9%