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ITALIAN EXHIBITION GROUP SPA (IEG.MI) Stock Fundamental Analysis

BIT:IEG - Euronext Milan - IT0003411417 - Common Stock - Currency: EUR

9.2  -0.04 (-0.43%)

Fundamental Rating

5

IEG gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 63 industry peers in the Media industry. While IEG has a great profitability rating, there are some minor concerns on its financial health. IEG has a decent growth rate and is not valued too expensively.


Dividend Valuation Growth Profitability Health

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7

1. Profitability

1.1 Basic Checks

In the past year IEG was profitable.
In the past year IEG had a positive cash flow from operations.
IEG had positive earnings in 4 of the past 5 years.
IEG had a positive operating cash flow in 4 of the past 5 years.
IEG.MI Yearly Net Income VS EBIT VS OCF VS FCFIEG.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 2024 0 20M -20M 40M

1.2 Ratios

IEG has a better Return On Assets (13.62%) than 96.83% of its industry peers.
With an excellent Return On Equity value of 35.02%, IEG belongs to the best of the industry, outperforming 95.24% of the companies in the same industry.
IEG's Return On Invested Capital of 21.79% is amongst the best of the industry. IEG outperforms 98.41% of its industry peers.
Industry RankSector Rank
ROA 13.62%
ROE 35.02%
ROIC 21.79%
ROA(3y)3.91%
ROA(5y)1.69%
ROE(3y)12.01%
ROE(5y)5.11%
ROIC(3y)N/A
ROIC(5y)N/A
IEG.MI Yearly ROA, ROE, ROICIEG.MI Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10 -10 20

1.3 Margins

IEG's Profit Margin of 13.59% is amongst the best of the industry. IEG outperforms 93.65% of its industry peers.
IEG's Profit Margin has improved in the last couple of years.
IEG has a better Operating Margin (20.82%) than 96.83% of its industry peers.
In the last couple of years the Operating Margin of IEG has grown nicely.
IEG has a Gross Margin of 46.47%. This is comparable to the rest of the industry: IEG outperforms 41.27% of its industry peers.
IEG's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 20.82%
PM (TTM) 13.59%
GM 46.47%
OM growth 3Y24.11%
OM growth 5Y6.18%
PM growth 3Y78.2%
PM growth 5Y12.02%
GM growth 3Y15.88%
GM growth 5Y0.99%
IEG.MI Yearly Profit, Operating, Gross MarginsIEG.MI Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20 40

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4

2. Health

2.1 Basic Checks

With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), IEG is creating value.
Compared to 1 year ago, IEG has less shares outstanding
Compared to 5 years ago, IEG has less shares outstanding
Compared to 1 year ago, IEG has an improved debt to assets ratio.
IEG.MI Yearly Shares OutstandingIEG.MI Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10M 20M 30M 40M
IEG.MI Yearly Total Debt VS Total AssetsIEG.MI Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M

2.2 Solvency

IEG has an Altman-Z score of 2.43. This is not the best score and indicates that IEG is in the grey zone with still only limited risk for bankruptcy at the moment.
IEG has a Altman-Z score of 2.43. This is amongst the best in the industry. IEG outperforms 84.13% of its industry peers.
The Debt to FCF ratio of IEG is 8.11, which is on the high side as it means it would take IEG, 8.11 years of fcf income to pay off all of its debts.
IEG has a Debt to FCF ratio of 8.11. This is in the lower half of the industry: IEG underperforms 60.32% of its industry peers.
A Debt/Equity ratio of 0.64 indicates that IEG is somewhat dependend on debt financing.
IEG has a Debt to Equity ratio (0.64) which is comparable to the rest of the industry.
Industry RankSector Rank
Debt/Equity 0.64
Debt/FCF 8.11
Altman-Z 2.43
ROIC/WACC3.11
WACC7%
IEG.MI Yearly LT Debt VS Equity VS FCFIEG.MI Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 50M 100M

2.3 Liquidity

A Current Ratio of 0.87 indicates that IEG may have some problems paying its short term obligations.
IEG has a worse Current ratio (0.87) than 65.08% of its industry peers.
IEG has a Quick Ratio of 0.87. This is a bad value and indicates that IEG is not financially healthy enough and could expect problems in meeting its short term obligations.
IEG has a Quick ratio (0.86) which is comparable to the rest of the industry.
Industry RankSector Rank
Current Ratio 0.87
Quick Ratio 0.86
IEG.MI Yearly Current Assets VS Current LiabilitesIEG.MI Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M

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5

3. Growth

3.1 Past

The Earnings Per Share has grown by an impressive 50.18% over the past year.
Measured over the past years, IEG shows a very strong growth in Earnings Per Share. The EPS has been growing by 20.23% on average per year.
The Revenue has grown by 19.69% in the past year. This is quite good.
IEG shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 7.11% yearly.
EPS 1Y (TTM)50.18%
EPS 3Y170.14%
EPS 5Y20.23%
EPS Q2Q%-10.13%
Revenue 1Y (TTM)19.69%
Revenue growth 3Y51.12%
Revenue growth 5Y7.11%
Sales Q2Q%15.22%

3.2 Future

Based on estimates for the next years, IEG will show a small growth in Earnings Per Share. The EPS will grow by 2.40% on average per year.
Based on estimates for the next years, IEG will show a small growth in Revenue. The Revenue will grow by 2.23% on average per year.
EPS Next Y-3.34%
EPS Next 2Y4.77%
EPS Next 3Y2.4%
EPS Next 5YN/A
Revenue Next Year5.13%
Revenue Next 2Y6.46%
Revenue Next 3Y5.81%
Revenue Next 5Y2.23%

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.
IEG.MI Yearly Revenue VS EstimatesIEG.MI Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 50M 100M 150M 200M 250M
IEG.MI Yearly EPS VS EstimatesIEG.MI Yearly EPS VS EstimatesYearly EPS VS Estimates 2019 2020 2021 2022 2023 2024 2025 2026 2027 0 0.2 -0.2 0.4 0.6 0.8 1

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6

4. Valuation

4.1 Price/Earnings Ratio

IEG is valuated cheaply with a Price/Earnings ratio of 5.26.
IEG's Price/Earnings ratio is rather cheap when compared to the industry. IEG is cheaper than 95.24% of the companies in the same industry.
IEG is valuated cheaply when we compare the Price/Earnings ratio to 26.57, which is the current average of the S&P500 Index.
Based on the Price/Forward Earnings ratio of 9.05, the valuation of IEG can be described as reasonable.
Compared to the rest of the industry, the Price/Forward Earnings ratio of IEG indicates a somewhat cheap valuation: IEG is cheaper than 76.19% of the companies listed in the same industry.
When comparing the Price/Forward Earnings ratio of IEG to the average of the S&P500 Index (22.41), we can say IEG is valued rather cheaply.
Industry RankSector Rank
PE 5.26
Fwd PE 9.05
IEG.MI Price Earnings VS Forward Price EarningsIEG.MI Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

79.37% of the companies in the same industry are more expensive than IEG, based on the Enterprise Value to EBITDA ratio.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of IEG is on the same level as its industry peers.
Industry RankSector Rank
P/FCF 18.95
EV/EBITDA 3.41
IEG.MI Per share dataIEG.MI EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 2 4 6 8 10

4.3 Compensation for Growth

IEG has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)0.26
EPS Next 2Y4.77%
EPS Next 3Y2.4%

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3

5. Dividend

5.1 Amount

IEG has a Yearly Dividend Yield of 2.16%.
Compared to an average industry Dividend Yield of 4.70, IEG has a dividend in line with its industry peers.
Compared to an average S&P500 Dividend Yield of 2.40, IEG has a dividend comparable with the average S&P500 company.
Industry RankSector Rank
Dividend Yield 2.16%

5.2 History

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

5.3 Sustainability

IEG pays out 8.00% of its income as dividend. This is a sustainable payout ratio.
DP8%
EPS Next 2Y4.77%
EPS Next 3Y2.4%
IEG.MI Yearly Income VS Free CF VS DividendIEG.MI Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20M -20M
IEG.MI Dividend Payout.IEG.MI Dividend Payout, showing the Payout Ratio.IEG.MI Dividend Payout.PayoutRetained Earnings

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ITALIAN EXHIBITION GROUP SPA

BIT:IEG (6/13/2025, 7:00:00 PM)

9.2

-0.04 (-0.43%)

Chartmill FA Rating
GICS SectorCommunication Services
GICS IndustryGroupMedia & Entertainment
GICS IndustryMedia
Earnings (Last)N/A N/A
Earnings (Next)N/A N/A
Inst Owners14.95%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap283.91M
Analysts82.86
Price Target9.69 (5.33%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 2.16%
Yearly Dividend0.14
Dividend Growth(5Y)N/A
DP8%
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)4.78%
PT rev (3m)29.55%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)8.7%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)4%
Valuation
Industry RankSector Rank
PE 5.26
Fwd PE 9.05
P/S 0.72
P/FCF 18.95
P/OCF 7.79
P/B 1.86
P/tB 2.79
EV/EBITDA 3.41
EPS(TTM)1.75
EY19.02%
EPS(NY)1.02
Fwd EY11.06%
FCF(TTM)0.49
FCFY5.28%
OCF(TTM)1.18
OCFY12.84%
SpS12.74
BVpS4.95
TBVpS3.3
PEG (NY)N/A
PEG (5Y)0.26
Profitability
Industry RankSector Rank
ROA 13.62%
ROE 35.02%
ROCE 30.28%
ROIC 21.79%
ROICexc 28.2%
ROICexgc 37.27%
OM 20.82%
PM (TTM) 13.59%
GM 46.47%
FCFM 3.81%
ROA(3y)3.91%
ROA(5y)1.69%
ROE(3y)12.01%
ROE(5y)5.11%
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
ROICexcg growth 3Y90.75%
ROICexcg growth 5Y17.75%
ROICexc growth 3Y85.18%
ROICexc growth 5Y15.44%
OM growth 3Y24.11%
OM growth 5Y6.18%
PM growth 3Y78.2%
PM growth 5Y12.02%
GM growth 3Y15.88%
GM growth 5Y0.99%
F-Score6
Asset Turnover1
Health
Industry RankSector Rank
Debt/Equity 0.64
Debt/FCF 8.11
Debt/EBITDA 0.97
Cap/Depr 115.62%
Cap/Sales 5.46%
Interest Coverage 250
Cash Conversion 36.29%
Profit Quality 28.02%
Current Ratio 0.87
Quick Ratio 0.86
Altman-Z 2.43
F-Score6
WACC7%
ROIC/WACC3.11
Cap/Depr(3y)71.6%
Cap/Depr(5y)52.5%
Cap/Sales(3y)5.64%
Cap/Sales(5y)5.81%
Profit Quality(3y)1249.2%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)50.18%
EPS 3Y170.14%
EPS 5Y20.23%
EPS Q2Q%-10.13%
EPS Next Y-3.34%
EPS Next 2Y4.77%
EPS Next 3Y2.4%
EPS Next 5YN/A
Revenue 1Y (TTM)19.69%
Revenue growth 3Y51.12%
Revenue growth 5Y7.11%
Sales Q2Q%15.22%
Revenue Next Year5.13%
Revenue Next 2Y6.46%
Revenue Next 3Y5.81%
Revenue Next 5Y2.23%
EBIT growth 1Y52.47%
EBIT growth 3Y87.55%
EBIT growth 5Y13.74%
EBIT Next Year52.75%
EBIT Next 3Y20.68%
EBIT Next 5Y6.29%
FCF growth 1Y-53.64%
FCF growth 3Y-0.85%
FCF growth 5Y51.4%
OCF growth 1Y-2.97%
OCF growth 3Y13.75%
OCF growth 5Y18.5%