ITALIAN WINE BRANDS SPA (IWB.MI) Stock Fundamental Analysis
BIT:IWB - Euronext Milan - IT0005075764 - Common Stock - Currency: EUR
We assign a fundamental rating of 6 out of 10 to IWB. IWB was compared to 23 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. IWB may be a bit undervalued, certainly considering the very reasonable score on growth This makes IWB very considerable for value investing!
1. Profitability
1.1 Basic Checks
In the past year IWB was profitable.
IWB had a positive operating cash flow in the past year.
Each year in the past 5 years IWB has been profitable.
IWB had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
With a decent Return On Assets value of 4.47%, IWB is doing good in the industry, outperforming 68.00% of the companies in the same industry.
With a decent Return On Equity value of 9.86%, IWB is doing good in the industry, outperforming 68.00% of the companies in the same industry.
Looking at the Return On Invested Capital, with a value of 7.81%, IWB is in the better half of the industry, outperforming 76.00% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for IWB is in line with the industry average of 7.90%.
The last Return On Invested Capital (7.81%) for IWB is above the 3 year average (6.08%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.47% | ||
| ROE | 9.86% | ||
| ROIC | 7.81% |
ROA(3y)3.17%
ROA(5y)3.76%
ROE(3y)7.81%
ROE(5y)9.22%
ROIC(3y)6.08%
ROIC(5y)6.72%
1.3 Margins
IWB has a Profit Margin of 5.56%. This is in the lower half of the industry: IWB underperforms 60.00% of its industry peers.
In the last couple of years the Profit Margin of IWB has grown nicely.
Looking at the Operating Margin, with a value of 9.41%, IWB is doing worse than 72.00% of the companies in the same industry.
IWB's Operating Margin has improved in the last couple of years.
IWB has a worse Gross Margin (28.60%) than 88.00% of its industry peers.
IWB's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 9.41% | ||
| PM (TTM) | 5.56% | ||
| GM | 28.6% |
OM growth 3Y8.76%
OM growth 5Y4.8%
PM growth 3Y6.19%
PM growth 5Y2.07%
GM growth 3Y0.79%
GM growth 5Y-7.44%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), IWB is creating some value.
The number of shares outstanding for IWB has been reduced compared to 1 year ago.
The number of shares outstanding for IWB has been increased compared to 5 years ago.
Compared to 1 year ago, IWB has an improved debt to assets ratio.
2.2 Solvency
IWB has an Altman-Z score of 1.88. This is not the best score and indicates that IWB is in the grey zone with still only limited risk for bankruptcy at the moment.
The Altman-Z score of IWB (1.88) is comparable to the rest of the industry.
The Debt to FCF ratio of IWB is 3.67, which is a good value as it means it would take IWB, 3.67 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 3.67, IWB belongs to the top of the industry, outperforming 92.00% of the companies in the same industry.
A Debt/Equity ratio of 0.63 indicates that IWB is somewhat dependend on debt financing.
The Debt to Equity ratio of IWB (0.63) is better than 72.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.63 | ||
| Debt/FCF | 3.67 | ||
| Altman-Z | 1.88 |
ROIC/WACC1.25
WACC6.25%
2.3 Liquidity
A Current Ratio of 1.51 indicates that IWB should not have too much problems paying its short term obligations.
Looking at the Current ratio, with a value of 1.51, IWB is in line with its industry, outperforming 56.00% of the companies in the same industry.
A Quick Ratio of 0.96 indicates that IWB may have some problems paying its short term obligations.
IWB has a Quick ratio of 0.96. This is amongst the best in the industry. IWB outperforms 88.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.51 | ||
| Quick Ratio | 0.96 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 37.10% over the past year.
Measured over the past years, IWB shows a quite strong growth in Earnings Per Share. The EPS has been growing by 16.46% on average per year.
IWB shows a decrease in Revenue. In the last year, the revenue decreased by -6.34%.
The Revenue has been growing by 20.61% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)37.1%
EPS 3Y12.63%
EPS 5Y16.46%
EPS Q2Q%14.11%
Revenue 1Y (TTM)-6.34%
Revenue growth 3Y8.67%
Revenue growth 5Y20.61%
Sales Q2Q%-9.3%
3.2 Future
The Earnings Per Share is expected to grow by 7.08% on average over the next years.
The Revenue is expected to grow by 4.43% on average over the next years.
EPS Next Y6.28%
EPS Next 2Y5.81%
EPS Next 3Y7.08%
EPS Next 5YN/A
Revenue Next Year2.65%
Revenue Next 2Y2.43%
Revenue Next 3Y2.02%
Revenue Next 5Y4.43%
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 decreasing.
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
IWB is valuated reasonably with a Price/Earnings ratio of 8.73.
100.00% of the companies in the same industry are more expensive than IWB, based on the Price/Earnings ratio.
IWB is valuated cheaply when we compare the Price/Earnings ratio to 27.15, which is the current average of the S&P500 Index.
Based on the Price/Forward Earnings ratio of 7.99, the valuation of IWB can be described as very cheap.
Based on the Price/Forward Earnings ratio, IWB is valued cheaper than 100.00% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of IWB to the average of the S&P500 Index (21.60), we can say IWB is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.73 | ||
| Fwd PE | 7.99 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, IWB is valued cheaper than 84.00% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, IWB is valued cheaper than 96.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 4.8 | ||
| EV/EBITDA | 5.89 |
4.3 Compensation for Growth
IWB's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
IWB has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)1.39
PEG (5Y)0.53
EPS Next 2Y5.81%
EPS Next 3Y7.08%
5. Dividend
5.1 Amount
IWB has a Yearly Dividend Yield of 2.46%.
Compared to an average industry Dividend Yield of 3.04, IWB has a dividend in line with its industry peers.
Compared to an average S&P500 Dividend Yield of 2.42, IWB has a dividend comparable with the average S&P500 company.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.46% |
5.2 History
The dividend of IWB has a limited annual growth rate of 4.59%.
Dividend Growth(5Y)4.59%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
IWB pays out 21.10% of its income as dividend. This is a sustainable payout ratio.
IWB's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP21.1%
EPS Next 2Y5.81%
EPS Next 3Y7.08%
BIT:IWB (6/30/2025, 7:00:00 PM)
20.6
-0.4 (-1.9%)
Chartmill FA Rating
GICS SectorConsumer Staples
GICS IndustryGroupFood, Beverage & Tobacco
GICS IndustryBeverages
Earnings (Last)
Earnings (Next)
Inst Owners26.8%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap194.88M
Analysts85
Price Target33.94 (64.76%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.46% |
Yearly Dividend0.5
Dividend Growth(5Y)4.59%
DP21.1%
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)2.41%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.04%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.73 | ||
| Fwd PE | 7.99 | ||
| P/S | 0.48 | ||
| P/FCF | 4.8 | ||
| P/OCF | 4.61 | ||
| P/B | 0.86 | ||
| P/tB | N/A | ||
| EV/EBITDA | 5.89 |
EPS(TTM)2.36
EY11.46%
EPS(NY)2.58
Fwd EY12.52%
FCF(TTM)4.29
FCFY20.84%
OCF(TTM)4.47
OCFY21.69%
SpS42.49
BVpS23.94
TBVpS-2.96
PEG (NY)1.39
PEG (5Y)0.53
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.47% | ||
| ROE | 9.86% | ||
| ROCE | 9.92% | ||
| ROIC | 7.81% | ||
| ROICexc | 9.27% | ||
| ROICexgc | 44.59% | ||
| OM | 9.41% | ||
| PM (TTM) | 5.56% | ||
| GM | 28.6% | ||
| FCFM | 10.1% |
ROA(3y)3.17%
ROA(5y)3.76%
ROE(3y)7.81%
ROE(5y)9.22%
ROIC(3y)6.08%
ROIC(5y)6.72%
ROICexc(3y)7.33%
ROICexc(5y)8.3%
ROICexgc(3y)39.78%
ROICexgc(5y)56.34%
ROCE(3y)7.72%
ROCE(5y)8.54%
ROICexcg growth 3Y0.3%
ROICexcg growth 5Y-6.16%
ROICexc growth 3Y9.85%
ROICexc growth 5Y0.68%
OM growth 3Y8.76%
OM growth 5Y4.8%
PM growth 3Y6.19%
PM growth 5Y2.07%
GM growth 3Y0.79%
GM growth 5Y-7.44%
F-Score9
Asset Turnover0.8
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.63 | ||
| Debt/FCF | 3.67 | ||
| Debt/EBITDA | 3 | ||
| Cap/Depr | 16.67% | ||
| Cap/Sales | 0.41% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 88.46% | ||
| Profit Quality | 181.81% | ||
| Current Ratio | 1.51 | ||
| Quick Ratio | 0.96 | ||
| Altman-Z | 1.88 |
F-Score9
WACC6.25%
ROIC/WACC1.25
Cap/Depr(3y)39.15%
Cap/Depr(5y)40.43%
Cap/Sales(3y)1.01%
Cap/Sales(5y)0.95%
Profit Quality(3y)194.63%
Profit Quality(5y)144.56%
High Growth Momentum
Growth
EPS 1Y (TTM)37.1%
EPS 3Y12.63%
EPS 5Y16.46%
EPS Q2Q%14.11%
EPS Next Y6.28%
EPS Next 2Y5.81%
EPS Next 3Y7.08%
EPS Next 5YN/A
Revenue 1Y (TTM)-6.34%
Revenue growth 3Y8.67%
Revenue growth 5Y20.61%
Sales Q2Q%-9.3%
Revenue Next Year2.65%
Revenue Next 2Y2.43%
Revenue Next 3Y2.02%
Revenue Next 5Y4.43%
EBIT growth 1Y31.44%
EBIT growth 3Y18.19%
EBIT growth 5Y26.4%
EBIT Next Year49.06%
EBIT Next 3Y16.57%
EBIT Next 5YN/A
FCF growth 1Y3.5%
FCF growth 3Y91.83%
FCF growth 5Y33.37%
OCF growth 1Y-2.83%
OCF growth 3Y70.1%
OCF growth 5Y31.69%