ITALIAN WINE BRANDS SPA (IWB.MI) Stock Fundamental Analysis
BIT:IWB - Borsa Italiana Milan - IT0005075764 - Common Stock - Currency: EUR
Taking everything into account, IWB scores 5 out of 10 in our fundamental rating. IWB was compared to 24 industry peers in the Beverages industry. Both the profitability and the financial health of IWB get a neutral evaluation. Nothing too spectacular is happening here. A decent growth rate in combination with a cheap valuation! Better keep an eye on IWB.
1. Profitability
1.1 Basic Checks
In the past year IWB was profitable.
In the past year IWB had a positive cash flow from operations.
In the past 5 years IWB has always been profitable.
IWB had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
The Return On Assets of IWB (3.04%) is comparable to the rest of the industry.
IWB has a Return On Equity (7.77%) which is comparable to the rest of the industry.
IWB has a worse Return On Invested Capital (6.29%) than 71.43% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for IWB is below the industry average of 8.61%.
The 3 year average ROIC (5.61%) for IWB is below the current ROIC(6.29%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.04% | ||
| ROE | 7.77% | ||
| ROIC | 6.29% |
ROA(3y)2.65%
ROA(5y)3.68%
ROE(3y)7.56%
ROE(5y)9.02%
ROIC(3y)5.61%
ROIC(5y)6.82%
1.3 Margins
The Profit Margin of IWB (3.80%) is worse than 71.43% of its industry peers.
IWB's Profit Margin has declined in the last couple of years.
With a Operating Margin value of 6.70%, IWB is not doing good in the industry: 76.19% of the companies in the same industry are doing better.
In the last couple of years the Operating Margin of IWB has grown nicely.
The Gross Margin of IWB (26.18%) is worse than 90.48% of its industry peers.
In the last couple of years the Gross Margin of IWB has declined.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 6.7% | ||
| PM (TTM) | 3.8% | ||
| GM | 26.18% |
OM growth 3Y-8.19%
OM growth 5Y2.02%
PM growth 3Y-18.23%
PM growth 5Y-2.16%
GM growth 3Y-14.45%
GM growth 5Y-8.92%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so IWB is still creating some value.
Compared to 1 year ago, IWB has less shares outstanding
Compared to 5 years ago, IWB has more shares outstanding
The debt/assets ratio for IWB has been reduced compared to a year ago.
2.2 Solvency
IWB has an Altman-Z score of 1.69. This is a bad value and indicates that IWB is not financially healthy and even has some risk of bankruptcy.
The Altman-Z score of IWB (1.69) is worse than 71.43% of its industry peers.
IWB has a debt to FCF ratio of 4.75. This is a neutral value as IWB would need 4.75 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 4.75, IWB belongs to the top of the industry, outperforming 100.00% of the companies in the same industry.
IWB has a Debt/Equity ratio of 0.74. This is a neutral value indicating IWB is somewhat dependend on debt financing.
IWB's Debt to Equity ratio of 0.74 is fine compared to the rest of the industry. IWB outperforms 61.90% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.74 | ||
| Debt/FCF | 4.75 | ||
| Altman-Z | 1.69 |
ROIC/WACC1.02
WACC6.15%
2.3 Liquidity
IWB has a Current Ratio of 1.32. This is a normal value and indicates that IWB is financially healthy and should not expect problems in meeting its short term obligations.
With a Current ratio value of 1.32, IWB perfoms like the industry average, outperforming 57.14% of the companies in the same industry.
IWB has a Quick Ratio of 1.32. This is a bad value and indicates that IWB is not financially healthy enough and could expect problems in meeting its short term obligations.
Looking at the Quick ratio, with a value of 0.83, IWB belongs to the top of the industry, outperforming 80.95% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.32 | ||
| Quick Ratio | 0.83 |
3. Growth
3.1 Past
IWB shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 73.85%, which is quite impressive.
Measured over the past years, IWB shows a quite strong growth in Earnings Per Share. The EPS has been growing by 14.48% on average per year.
Looking at the last year, IWB shows a small growth in Revenue. The Revenue has grown by 3.26% in the last year.
Measured over the past years, IWB shows a very strong growth in Revenue. The Revenue has been growing by 23.42% on average per year.
EPS 1Y (TTM)73.85%
EPS 3Y-3.67%
EPS 5Y14.48%
EPS Q2Q%95.88%
Revenue 1Y (TTM)3.26%
Revenue growth 3Y28.07%
Revenue growth 5Y23.42%
Sales Q2Q%-2.83%
3.2 Future
The Earnings Per Share is expected to grow by 15.49% on average over the next years. This is quite good.
IWB is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 2.16% yearly.
EPS Next Y30.19%
EPS Next 2Y18.53%
EPS Next 3Y15.49%
EPS Next 5YN/A
Revenue Next Year-2.28%
Revenue Next 2Y0.16%
Revenue Next 3Y0.72%
Revenue Next 5Y2.16%
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 stable.
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.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 10.73, the valuation of IWB can be described as reasonable.
Based on the Price/Earnings ratio, IWB is valued cheaper than 90.48% of the companies in the same industry.
IWB is valuated cheaply when we compare the Price/Earnings ratio to 28.47, which is the current average of the S&P500 Index.
IWB is valuated reasonably with a Price/Forward Earnings ratio of 9.61.
Compared to the rest of the industry, the Price/Forward Earnings ratio of IWB indicates a rather cheap valuation: IWB is cheaper than 85.71% of the companies listed in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 92.74. IWB is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.73 | ||
| Fwd PE | 9.61 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, IWB is valued a bit cheaper than 61.90% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, IWB is valued cheaper than 100.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 5.67 | ||
| EV/EBITDA | 8.27 |
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 IWB's earnings are expected to grow with 15.49% in the coming years.
PEG (NY)0.36
PEG (5Y)0.74
EPS Next 2Y18.53%
EPS Next 3Y15.49%
5. Dividend
5.1 Amount
IWB has a Yearly Dividend Yield of 2.16%.
IWB's Dividend Yield is slightly below the industry average, which is at 2.86.
IWB's Dividend Yield is comparable with the S&P500 average which is at 2.28.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.16% |
5.2 History
The dividend of IWB decreases each year by -23.98%.
Dividend Growth(5Y)-23.98%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
5.80% of the earnings are spent on dividend by IWB. This is a low number and sustainable payout ratio.
DP5.8%
EPS Next 2Y18.53%
EPS Next 3Y15.49%
ITALIAN WINE BRANDS SPA
BIT:IWB (2/4/2025, 7:00:00 PM)
23.5
+0.6 (+2.62%)
Chartmill FA Rating
GICS SectorConsumer Staples
GICS IndustryGroupFood, Beverage & Tobacco
GICS IndustryBeverages
Earnings (Last)
Earnings (Next)
Inst Owners28.16%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap222.31M
Analysts85
Price Target34.12 (45.19%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.16% |
Yearly Dividend0.1
Dividend Growth(5Y)-23.98%
DP5.8%
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)0%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)0%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.73 | ||
| Fwd PE | 9.61 | ||
| P/S | 0.52 | ||
| P/FCF | 5.67 | ||
| P/OCF | 5.11 | ||
| P/B | 1.06 | ||
| P/tB | N/A | ||
| EV/EBITDA | 8.27 |
EPS(TTM)2.19
EY9.32%
EPS(NY)2.44
Fwd EY10.4%
FCF(TTM)4.15
FCFY17.65%
OCF(TTM)4.6
OCFY19.57%
SpS45.36
BVpS22.17
TBVpS-4.76
PEG (NY)0.36
PEG (5Y)0.74
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.04% | ||
| ROE | 7.77% | ||
| ROCE | 7.64% | ||
| ROIC | 6.29% | ||
| ROICexc | 7.77% | ||
| ROICexgc | 47.17% | ||
| OM | 6.7% | ||
| PM (TTM) | 3.8% | ||
| GM | 26.18% | ||
| FCFM | 9.14% |
ROA(3y)2.65%
ROA(5y)3.68%
ROE(3y)7.56%
ROE(5y)9.02%
ROIC(3y)5.61%
ROIC(5y)6.82%
ROICexc(3y)6.87%
ROICexc(5y)8.62%
ROICexgc(3y)41.48%
ROICexgc(5y)62.43%
ROCE(3y)6.82%
ROCE(5y)8.28%
ROICexcg growth 3Y-26.77%
ROICexcg growth 5YN/A
ROICexc growth 3Y-15.19%
ROICexc growth 5Y-3.38%
OM growth 3Y-8.19%
OM growth 5Y2.02%
PM growth 3Y-18.23%
PM growth 5Y-2.16%
GM growth 3Y-14.45%
GM growth 5Y-8.92%
F-Score7
Asset Turnover0.8
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.74 | ||
| Debt/FCF | 4.75 | ||
| Debt/EBITDA | 3.82 | ||
| Cap/Depr | 35.64% | ||
| Cap/Sales | 0.99% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 106.79% | ||
| Profit Quality | 240.71% | ||
| Current Ratio | 1.32 | ||
| Quick Ratio | 0.83 | ||
| Altman-Z | 1.69 |
F-Score7
WACC6.15%
ROIC/WACC1.02
Cap/Depr(3y)47.2%
Cap/Depr(5y)43.36%
Cap/Sales(3y)1.17%
Cap/Sales(5y)1.01%
Profit Quality(3y)147.22%
Profit Quality(5y)132.56%
High Growth Momentum
Growth
EPS 1Y (TTM)73.85%
EPS 3Y-3.67%
EPS 5Y14.48%
EPS Q2Q%95.88%
EPS Next Y30.19%
EPS Next 2Y18.53%
EPS Next 3Y15.49%
EPS Next 5YN/A
Revenue 1Y (TTM)3.26%
Revenue growth 3Y28.07%
Revenue growth 5Y23.42%
Sales Q2Q%-2.83%
Revenue Next Year-2.28%
Revenue Next 2Y0.16%
Revenue Next 3Y0.72%
Revenue Next 5Y2.16%
EBIT growth 1Y49.75%
EBIT growth 3Y17.58%
EBIT growth 5Y25.91%
EBIT Next Year58.84%
EBIT Next 3Y21.24%
EBIT Next 5YN/A
FCF growth 1Y116.28%
FCF growth 3Y40.66%
FCF growth 5Y50.29%
OCF growth 1Y77.99%
OCF growth 3Y40.05%
OCF growth 5Y44.15%