IVECO GROUP NV (IVG.MI) Fundamental Analysis & Valuation

BIT:IVG • NL0015000LU4

19.03 EUR
-0.05 (-0.26%)
Last: Mar 6, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Forecast Earnings Financials Ownership

This IVG.MI fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

Fundamental Rating

5

IVG gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 109 industry peers in the Machinery industry. While IVG is still in line with the averages on profitability rating, there are concerns on its financial health. A decent growth rate in combination with a cheap valuation! Better keep an eye on IVG.


Dividend Valuation Growth Profitability Health

5

1. IVG.MI Profitability Analysis

1.1 Basic Checks

  • IVG had positive earnings in the past year.
  • In the past year IVG had a positive cash flow from operations.
  • Each year in the past 5 years IVG has been profitable.
  • In the past 5 years IVG always reported a positive cash flow from operatings.
IVG.MI Yearly Net Income VS EBIT VS OCF VS FCFIVG.MI Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2018 2019 2020 2021 2022 2023 2024 2025 0 500M 1B

1.2 Ratios

  • IVG's Return On Assets of 1.48% is on the low side compared to the rest of the industry. IVG is outperformed by 60.55% of its industry peers.
  • IVG's Return On Equity of 10.01% is fine compared to the rest of the industry. IVG outperforms 66.97% of its industry peers.
  • IVG's Return On Invested Capital of 4.17% is in line compared to the rest of the industry. IVG outperforms 41.28% of its industry peers.
Industry RankSector Rank
ROA 1.48%
ROE 10.01%
ROIC 4.17%
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
IVG.MI Yearly ROA, ROE, ROICIVG.MI Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2018 2019 2020 2021 2022 2023 2024 2025 0 10 -10

1.3 Margins

  • IVG has a Profit Margin of 1.82%. This is in the lower half of the industry: IVG underperforms 62.39% of its industry peers.
  • In the last couple of years the Profit Margin of IVG has grown nicely.
  • IVG has a Operating Margin of 4.33%. This is comparable to the rest of the industry: IVG outperforms 41.28% of its industry peers.
  • IVG's Operating Margin has improved in the last couple of years.
  • The Gross Margin of IVG (16.00%) is worse than 91.74% of its industry peers.
  • IVG's Gross Margin has improved in the last couple of years.
Industry RankSector Rank
OM 4.33%
PM (TTM) 1.82%
GM 16%
OM growth 3Y5.55%
OM growth 5YN/A
PM growth 3Y27.65%
PM growth 5YN/A
GM growth 3Y3.95%
GM growth 5Y11.26%
IVG.MI Yearly Profit, Operating, Gross MarginsIVG.MI Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2018 2019 2020 2021 2022 2023 2024 2025 0 5 10 15

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3

2. IVG.MI Health Analysis

2.1 Basic Checks

  • IVG has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
  • There is no outstanding debt for IVG. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
IVG.MI Yearly Shares OutstandingIVG.MI Yearly Shares OutstandingYearly Shares Outstanding 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M
IVG.MI Yearly Total Debt VS Total AssetsIVG.MI Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2018 2019 2020 2021 2022 2023 2024 5B 10B 15B

2.2 Solvency

  • Based on the Altman-Z score of 1.75, we must say that IVG is in the distress zone and has some risk of bankruptcy.
  • IVG has a Altman-Z score (1.75) which is comparable to the rest of the industry.
  • IVG has a debt to FCF ratio of 9.94. This is a negative value and a sign of low solvency as IVG would need 9.94 years to pay back of all of its debts.
  • With a Debt to FCF ratio value of 9.94, IVG is not doing good in the industry: 64.22% of the companies in the same industry are doing better.
  • IVG has a Debt/Equity ratio of 1.29. This is a high value indicating a heavy dependency on external financing.
  • The Debt to Equity ratio of IVG (1.29) is worse than 82.57% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.29
Debt/FCF 9.94
Altman-Z 1.75
ROIC/WACC0.57
WACC7.33%
IVG.MI Yearly LT Debt VS Equity VS FCFIVG.MI Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2018 2019 2020 2021 2022 2023 2024 2025 0 1B 2B 3B 4B 5B

2.3 Liquidity

  • A Current Ratio of 1.91 indicates that IVG should not have too much problems paying its short term obligations.
  • IVG's Current ratio of 1.91 is fine compared to the rest of the industry. IVG outperforms 68.81% of its industry peers.
  • IVG has a Quick Ratio of 1.38. This is a normal value and indicates that IVG is financially healthy and should not expect problems in meeting its short term obligations.
  • IVG has a Quick ratio of 1.38. This is in the better half of the industry: IVG outperforms 79.82% of its industry peers.
Industry RankSector Rank
Current Ratio 1.91
Quick Ratio 1.38
IVG.MI Yearly Current Assets VS Current LiabilitesIVG.MI Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B 8B 10B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

6

3. IVG.MI Growth Analysis

3.1 Past

  • The earnings per share for IVG have decreased strongly by -44.23% in the last year.
  • Measured over the past years, IVG shows a very strong growth in Earnings Per Share. The EPS has been growing by 34.20% on average per year.
  • The Revenue has decreased by -8.94% in the past year.
  • IVG shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 5.22% yearly.
EPS 1Y (TTM)-44.23%
EPS 3Y34.2%
EPS 5YN/A
EPS Q2Q%-36.73%
Revenue 1Y (TTM)-8.94%
Revenue growth 3Y-2.21%
Revenue growth 5Y5.22%
Sales Q2Q%-23.06%

3.2 Future

  • IVG is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 47.56% yearly.
  • IVG is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 8.98% yearly.
EPS Next Y85.07%
EPS Next 2Y50.34%
EPS Next 3Y47.56%
EPS Next 5YN/A
Revenue Next Year9.13%
Revenue Next 2Y7.59%
Revenue Next 3Y8.98%
Revenue Next 5YN/A

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 accelerating: in the next years the growth will be better than in the last years.
IVG.MI Yearly Revenue VS EstimatesIVG.MI Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 5B 10B 15B
IVG.MI Yearly EPS VS EstimatesIVG.MI Yearly EPS VS EstimatesYearly EPS VS Estimates 2021 2022 2023 2024 2025 2026 2027 2028 1 2 3

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7

4. IVG.MI Valuation Analysis

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 16.41 indicates a correct valuation of IVG.
  • Based on the Price/Earnings ratio, IVG is valued a bit cheaper than the industry average as 77.06% of the companies are valued more expensively.
  • IVG is valuated rather cheaply when we compare the Price/Earnings ratio to 26.29, which is the current average of the S&P500 Index.
  • IVG is valuated reasonably with a Price/Forward Earnings ratio of 8.86.
  • Based on the Price/Forward Earnings ratio, IVG is valued cheaply inside the industry as 92.66% of the companies are valued more expensively.
  • IVG is valuated cheaply when we compare the Price/Forward Earnings ratio to 24.60, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 16.41
Fwd PE 8.86
IVG.MI Price Earnings VS Forward Price EarningsIVG.MI Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of IVG indicates a somewhat cheap valuation: IVG is cheaper than 72.48% of the companies listed in the same industry.
  • Based on the Price/Free Cash Flow ratio, IVG is valued a bit cheaper than 78.90% of the companies in the same industry.
Industry RankSector Rank
P/FCF 8.78
EV/EBITDA 6.41
IVG.MI Per share dataIVG.MI EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30 40 50

4.3 Compensation for Growth

  • IVG's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • IVG's earnings are expected to grow with 47.56% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.19
PEG (5Y)N/A
EPS Next 2Y50.34%
EPS Next 3Y47.56%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

4

5. IVG.MI Dividend Analysis

5.1 Amount

  • IVG has a Yearly Dividend Yield of 1.73%.
  • IVG's Dividend Yield is a higher than the industry average which is at 1.45.
  • IVG's Dividend Yield is comparable with the S&P500 average which is at 1.82.
Industry RankSector Rank
Dividend Yield 1.73%

5.2 History

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

5.3 Sustainability

  • 33.46% of the earnings are spent on dividend by IVG. This is a low number and sustainable payout ratio.
DP33.46%
EPS Next 2Y50.34%
EPS Next 3Y47.56%
IVG.MI Yearly Income VS Free CF VS DividendIVG.MI Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2018 2019 2020 2021 2022 2023 2024 2025 0 200M -200M 400M -400M 600M
IVG.MI Dividend Payout.IVG.MI Dividend Payout, showing the Payout Ratio.IVG.MI Dividend Payout.PayoutRetained Earnings

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IVG.MI Fundamentals: All Metrics, Ratios and Statistics

IVECO GROUP NV

BIT:IVG (3/6/2026, 7:00:00 PM)

19.03

-0.05 (-0.26%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryMachinery
Earnings (Last)02-12
Earnings (Next)05-07
Inst Owners35.18%
Inst Owner ChangeN/A
Ins Owners0.1%
Ins Owner ChangeN/A
Market Cap5.16B
Revenue(TTM)13.92B
Net Income(TTM)263.00M
Analysts67.69
Price Target20.11 (5.68%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 1.73%
Yearly Dividend0.27
Dividend Growth(5Y)N/A
DP33.46%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-42.41%
Min EPS beat(2)-69.38%
Max EPS beat(2)-15.44%
EPS beat(4)2
Avg EPS beat(4)-3.86%
Min EPS beat(4)-69.38%
Max EPS beat(4)63.53%
EPS beat(8)5
Avg EPS beat(8)11.85%
EPS beat(12)7
Avg EPS beat(12)5.5%
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)1
Avg Revenue beat(2)-0.89%
Min Revenue beat(2)-10.33%
Max Revenue beat(2)8.56%
Revenue beat(4)2
Avg Revenue beat(4)-0.65%
Min Revenue beat(4)-10.33%
Max Revenue beat(4)9.28%
Revenue beat(8)5
Avg Revenue beat(8)0.3%
Revenue beat(12)6
Avg Revenue beat(12)0.64%
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0%
PT rev (3m)0%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)0.95%
EPS NY rev (3m)-1.91%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)-0.16%
Revenue NY rev (3m)-0.75%
Valuation
Industry RankSector Rank
PE 16.41
Fwd PE 8.86
P/S 0.36
P/FCF 8.78
P/OCF 3.64
P/B 1.96
P/tB 7.93
EV/EBITDA 6.41
EPS(TTM)1.16
EY6.1%
EPS(NY)2.15
Fwd EY11.28%
FCF(TTM)2.17
FCFY11.39%
OCF(TTM)5.23
OCFY27.49%
SpS53.38
BVpS9.69
TBVpS2.4
PEG (NY)0.19
PEG (5Y)N/A
Graham Number15.9
Profitability
Industry RankSector Rank
ROA 1.48%
ROE 10.01%
ROCE 5.15%
ROIC 4.17%
ROICexc 5.08%
ROICexgc 6.33%
OM 4.33%
PM (TTM) 1.82%
GM 16%
FCFM 4.06%
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
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
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3Y5.55%
OM growth 5YN/A
PM growth 3Y27.65%
PM growth 5YN/A
GM growth 3Y3.95%
GM growth 5Y11.26%
F-Score6
Asset Turnover0.81
Health
Industry RankSector Rank
Debt/Equity 1.29
Debt/FCF 9.94
Debt/EBITDA 2.49
Cap/Depr 112.3%
Cap/Sales 5.74%
Interest Coverage 250
Cash Conversion 103.8%
Profit Quality 223.57%
Current Ratio 1.91
Quick Ratio 1.38
Altman-Z 1.75
F-Score6
WACC7.33%
ROIC/WACC0.57
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)159.8%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-44.23%
EPS 3Y34.2%
EPS 5YN/A
EPS Q2Q%-36.73%
EPS Next Y85.07%
EPS Next 2Y50.34%
EPS Next 3Y47.56%
EPS Next 5YN/A
Revenue 1Y (TTM)-8.94%
Revenue growth 3Y-2.21%
Revenue growth 5Y5.22%
Sales Q2Q%-23.06%
Revenue Next Year9.13%
Revenue Next 2Y7.59%
Revenue Next 3Y8.98%
Revenue Next 5YN/A
EBIT growth 1Y-33.08%
EBIT growth 3Y3.22%
EBIT growth 5YN/A
EBIT Next Year125.49%
EBIT Next 3Y46.05%
EBIT Next 5YN/A
FCF growth 1Y93.42%
FCF growth 3Y7.24%
FCF growth 5Y37.52%
OCF growth 1Y12%
OCF growth 3Y-17.96%
OCF growth 5Y6.81%

IVECO GROUP NV / IVG.MI FAQ

Can you provide the ChartMill fundamental rating for IVECO GROUP NV?

ChartMill assigns a fundamental rating of 5 / 10 to IVG.MI.


What is the valuation status for IVG stock?

ChartMill assigns a valuation rating of 7 / 10 to IVECO GROUP NV (IVG.MI). This can be considered as Undervalued.


Can you provide the profitability details for IVECO GROUP NV?

IVECO GROUP NV (IVG.MI) has a profitability rating of 5 / 10.


How financially healthy is IVECO GROUP NV?

The financial health rating of IVECO GROUP NV (IVG.MI) is 3 / 10.


Can you provide the expected EPS growth for IVG stock?

The Earnings per Share (EPS) of IVECO GROUP NV (IVG.MI) is expected to grow by 85.07% in the next year.