I GRANDI VIAGGI SPA (IGV.MI) Stock Fundamental Analysis

Europe • Euronext Milan • BIT:IGV • IT0005108219

2.32 EUR
-0.03 (-1.28%)
Last: Feb 4, 2026, 02:20 PM
Fundamental Rating

3

Taking everything into account, IGV scores 3 out of 10 in our fundamental rating. IGV was compared to 59 industry peers in the Hotels, Restaurants & Leisure industry. While IGV seems to be doing ok healthwise, there are quite some concerns on its profitability. While showing a medium growth rate, IGV is valued expensive at the moment.


Dividend Valuation Growth Profitability Health

3

1. Profitability

1.1 Basic Checks

  • IGV had positive earnings in the past year.
  • IGV had a positive operating cash flow in the past year.
  • The reported net income has been mixed in the past 5 years: IGV reported negative net income in multiple years.
  • IGV had a positive operating cash flow in 4 of the past 5 years.
IGV.MI Yearly Net Income VS EBIT VS OCF VS FCFIGV.MI Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 5M -5M 10M

1.2 Ratios

  • With a Return On Assets value of 1.99%, IGV is not doing good in the industry: 61.02% of the companies in the same industry are doing better.
  • IGV has a Return On Equity (3.05%) which is comparable to the rest of the industry.
  • With a Return On Invested Capital value of 4.13%, IGV is not doing good in the industry: 61.02% of the companies in the same industry are doing better.
  • The Average Return On Invested Capital over the past 3 years for IGV is significantly below the industry average of 13.35%.
  • The 3 year average ROIC (2.85%) for IGV is below the current ROIC(4.13%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 1.99%
ROE 3.05%
ROIC 4.13%
ROA(3y)1.86%
ROA(5y)-0.31%
ROE(3y)2.79%
ROE(5y)-0.63%
ROIC(3y)2.85%
ROIC(5y)N/A
IGV.MI Yearly ROA, ROE, ROICIGV.MI Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 2 -2 4 -4 -6 -8

1.3 Margins

  • IGV has a Profit Margin of 2.98%. This is comparable to the rest of the industry: IGV outperforms 44.07% of its industry peers.
  • With a Operating Margin value of 5.79%, IGV is not doing good in the industry: 61.02% of the companies in the same industry are doing better.
  • IGV has a Gross Margin (35.79%) which is comparable to the rest of the industry.
  • In the last couple of years the Gross Margin of IGV has grown nicely.
Industry RankSector Rank
OM 5.79%
PM (TTM) 2.98%
GM 35.79%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-4.41%
GM growth 5Y2.43%
IGV.MI Yearly Profit, Operating, Gross MarginsIGV.MI Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20 -20 40

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5

2. Health

2.1 Basic Checks

  • IGV has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
  • Compared to 1 year ago, IGV has about the same amount of shares outstanding.
  • The number of shares outstanding for IGV remains at a similar level compared to 5 years ago.
  • IGV has a worse debt/assets ratio than last year.
IGV.MI Yearly Shares OutstandingIGV.MI Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 10M 20M 30M 40M
IGV.MI Yearly Total Debt VS Total AssetsIGV.MI Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M 80M 100M

2.2 Solvency

  • An Altman-Z score of 3.06 indicates that IGV is not in any danger for bankruptcy at the moment.
  • Looking at the Altman-Z score, with a value of 3.06, IGV is in the better half of the industry, outperforming 74.58% of the companies in the same industry.
  • The Debt to FCF ratio of IGV is 0.64, which is an excellent value as it means it would take IGV, only 0.64 years of fcf income to pay off all of its debts.
  • IGV's Debt to FCF ratio of 0.64 is amongst the best of the industry. IGV outperforms 91.53% of its industry peers.
  • IGV has a Debt/Equity ratio of 0.04. This is a healthy value indicating a solid balance between debt and equity.
  • IGV's Debt to Equity ratio of 0.04 is amongst the best of the industry. IGV outperforms 86.44% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.04
Debt/FCF 0.64
Altman-Z 3.06
ROIC/WACC0.51
WACC8.04%
IGV.MI Yearly LT Debt VS Equity VS FCFIGV.MI Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20M 40M 60M

2.3 Liquidity

  • A Current Ratio of 0.87 indicates that IGV may have some problems paying its short term obligations.
  • The Current ratio of IGV (0.87) is comparable to the rest of the industry.
  • IGV has a Quick Ratio of 0.87. This is a bad value and indicates that IGV is not financially healthy enough and could expect problems in meeting its short term obligations.
  • The Quick ratio of IGV (0.86) is comparable to the rest of the industry.
Industry RankSector Rank
Current Ratio 0.87
Quick Ratio 0.86
IGV.MI Yearly Current Assets VS Current LiabilitesIGV.MI Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 10M 20M 30M 40M

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4

3. Growth

3.1 Past

  • The earnings per share for IGV have decreased strongly by -24.03% in the last year.
  • Looking at the last year, IGV shows a quite strong growth in Revenue. The Revenue has grown by 13.29% in the last year.
  • The Revenue has been growing slightly by 0.20% on average over the past years.
EPS 1Y (TTM)-24.03%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-10.47%
Revenue 1Y (TTM)13.29%
Revenue growth 3Y29.41%
Revenue growth 5Y0.2%
Sales Q2Q%24.75%

3.2 Future

  • Based on estimates for the next years, IGV will show a quite strong growth in Earnings Per Share. The EPS will grow by 12.67% on average per year.
  • Based on estimates for the next years, IGV will show a small growth in Revenue. The Revenue will grow by 6.71% on average per year.
EPS Next Y0%
EPS Next 2Y15.47%
EPS Next 3Y14.47%
EPS Next 5Y12.67%
Revenue Next Year12.7%
Revenue Next 2Y8.38%
Revenue Next 3Y7.38%
Revenue Next 5Y6.71%

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 accelerating.
IGV.MI Yearly Revenue VS EstimatesIGV.MI Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 20M 40M 60M 80M
IGV.MI Yearly EPS VS EstimatesIGV.MI Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 0 0.05 -0.05 -0.1

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2

4. Valuation

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 58.00, IGV can be considered very expensive at the moment.
  • Compared to the rest of the industry, the Price/Earnings ratio of IGV indicates a slightly more expensive valuation: IGV is more expensive than 62.71% of the companies listed in the same industry.
  • Compared to an average S&P500 Price/Earnings ratio of 28.25, IGV is valued quite expensively.
  • Based on the Price/Forward Earnings ratio of 28.71, the valuation of IGV can be described as expensive.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of IGV is on the same level as its industry peers.
  • The average S&P500 Price/Forward Earnings ratio is at 27.50. IGV is around the same levels.
Industry RankSector Rank
PE 58
Fwd PE 28.71
IGV.MI Price Earnings VS Forward Price EarningsIGV.MI Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40 50

4.2 Price Multiples

  • IGV's Enterprise Value to EBITDA is on the same level as the industry average.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of IGV is on the same level as its industry peers.
Industry RankSector Rank
P/FCF 16.9
EV/EBITDA 15.34
IGV.MI Per share dataIGV.MI EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0.2 0.4 0.6 0.8 1

4.3 Compensation for Growth

  • IGV's earnings are expected to grow with 14.47% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y15.47%
EPS Next 3Y14.47%

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0

5. Dividend

5.1 Amount

  • No dividends for IGV!.
Industry RankSector Rank
Dividend Yield 0%

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I GRANDI VIAGGI SPA

BIT:IGV (2/4/2026, 2:20:19 PM)

2.32

-0.03 (-1.28%)

Chartmill FA Rating
GICS IndustryGroupConsumer Services
GICS IndustryHotels, Restaurants & Leisure
Earnings (Last)N/A
Earnings (Next)N/A
Inst Owners0.38%
Inst Owner ChangeN/A
Ins Owners67.95%
Ins Owner ChangeN/A
Market Cap110.83M
Revenue(TTM)65.44M
Net Income(TTM)1.95M
Analysts45.71
Price Target2.35 (1.29%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 0%
Yearly DividendN/A
Dividend Growth(5Y)N/A
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)0%
PT rev (3m)-2.13%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)-14.29%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)0%
Valuation
Industry RankSector Rank
PE 58
Fwd PE 28.71
P/S 1.69
P/FCF 16.9
P/OCF 13.67
P/B 1.73
P/tB 1.78
EV/EBITDA 15.34
EPS(TTM)0.04
EY1.72%
EPS(NY)0.08
Fwd EY3.48%
FCF(TTM)0.14
FCFY5.92%
OCF(TTM)0.17
OCFY7.31%
SpS1.37
BVpS1.34
TBVpS1.3
PEG (NY)N/A
PEG (5Y)N/A
Graham Number1.1
Profitability
Industry RankSector Rank
ROA 1.99%
ROE 3.05%
ROCE 4.93%
ROIC 4.13%
ROICexc 4.86%
ROICexgc 5%
OM 5.79%
PM (TTM) 2.98%
GM 35.79%
FCFM 10.02%
ROA(3y)1.86%
ROA(5y)-0.31%
ROE(3y)2.79%
ROE(5y)-0.63%
ROIC(3y)2.85%
ROIC(5y)N/A
ROICexc(3y)3.55%
ROICexc(5y)N/A
ROICexgc(3y)3.67%
ROICexgc(5y)N/A
ROCE(3y)3.4%
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-4.41%
GM growth 5Y2.43%
F-Score6
Asset Turnover0.67
Health
Industry RankSector Rank
Debt/Equity 0.04
Debt/FCF 0.64
Debt/EBITDA 0.43
Cap/Depr 55.48%
Cap/Sales 2.37%
Interest Coverage 250
Cash Conversion 123.17%
Profit Quality 335.74%
Current Ratio 0.87
Quick Ratio 0.86
Altman-Z 3.06
F-Score6
WACC8.04%
ROIC/WACC0.51
Cap/Depr(3y)73.43%
Cap/Depr(5y)55.66%
Cap/Sales(3y)3.46%
Cap/Sales(5y)3.71%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-24.03%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-10.47%
EPS Next Y0%
EPS Next 2Y15.47%
EPS Next 3Y14.47%
EPS Next 5Y12.67%
Revenue 1Y (TTM)13.29%
Revenue growth 3Y29.41%
Revenue growth 5Y0.2%
Sales Q2Q%24.75%
Revenue Next Year12.7%
Revenue Next 2Y8.38%
Revenue Next 3Y7.38%
Revenue Next 5Y6.71%
EBIT growth 1Y55.03%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year75%
EBIT Next 3Y31.04%
EBIT Next 5Y24.29%
FCF growth 1Y3890.17%
FCF growth 3Y50.71%
FCF growth 5Y110.89%
OCF growth 1Y239.73%
OCF growth 3Y36.74%
OCF growth 5Y38.29%

I GRANDI VIAGGI SPA / IGV.MI FAQ

What is the ChartMill fundamental rating of I GRANDI VIAGGI SPA (IGV.MI) stock?

ChartMill assigns a fundamental rating of 3 / 10 to IGV.MI.


Can you provide the valuation status for I GRANDI VIAGGI SPA?

ChartMill assigns a valuation rating of 2 / 10 to I GRANDI VIAGGI SPA (IGV.MI). This can be considered as Overvalued.


Can you provide the profitability details for I GRANDI VIAGGI SPA?

I GRANDI VIAGGI SPA (IGV.MI) has a profitability rating of 3 / 10.


What is the earnings growth outlook for I GRANDI VIAGGI SPA?

The Earnings per Share (EPS) of I GRANDI VIAGGI SPA (IGV.MI) is expected to decline by 0% in the next year.


How sustainable is the dividend of I GRANDI VIAGGI SPA (IGV.MI) stock?

The dividend rating of I GRANDI VIAGGI SPA (IGV.MI) is 0 / 10 and the dividend payout ratio is 0%.