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

Europe • Euronext Milan • BIT:IEG • IT0003411417

9.44 EUR
-0.06 (-0.63%)
Last: Jan 28, 2026, 05:14 PM
Fundamental Rating

5

Overall IEG gets a fundamental rating of 5 out of 10. We evaluated IEG against 68 industry peers in the Media industry. While IEG belongs to the best of the industry regarding profitability, there are some minor concerns on its financial health. IEG is not valued too expensively and it also shows a decent growth rate.


Dividend Valuation Growth Profitability Health

7

1. Profitability

1.1 Basic Checks

  • IEG had positive earnings in the past year.
  • IEG had a positive operating cash flow in the past year.
  • Of the past 5 years IEG 4 years were profitable.
  • Of the past 5 years IEG 4 years had a positive operating cash flow.
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 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20M -20M 40M

1.2 Ratios

  • IEG has a Return On Assets of 12.45%. This is amongst the best in the industry. IEG outperforms 98.53% of its industry peers.
  • IEG's Return On Equity of 36.74% is amongst the best of the industry. IEG outperforms 95.59% of its industry peers.
  • IEG has a Return On Invested Capital of 22.17%. This is amongst the best in the industry. IEG outperforms 98.53% of its industry peers.
Industry RankSector Rank
ROA 12.45%
ROE 36.74%
ROIC 22.17%
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 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10 -10 20

1.3 Margins

  • With an excellent Profit Margin value of 12.13%, IEG belongs to the best of the industry, outperforming 92.65% of the companies in the same industry.
  • IEG's Profit Margin has improved in the last couple of years.
  • The Operating Margin of IEG (20.56%) is better than 97.06% of its industry peers.
  • In the last couple of years the Operating Margin of IEG has grown nicely.
  • Looking at the Gross Margin, with a value of 46.14%, IEG is in line with its industry, outperforming 51.47% of the companies in the same industry.
  • In the last couple of years the Gross Margin of IEG has remained more or less at the same level.
Industry RankSector Rank
OM 20.56%
PM (TTM) 12.13%
GM 46.14%
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 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20 40

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4

2. Health

2.1 Basic Checks

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

2.2 Solvency

  • An Altman-Z score of 2.31 indicates that IEG is not a great score, but indicates only limited risk for bankruptcy at the moment.
  • The Altman-Z score of IEG (2.31) is better than 79.41% of its industry peers.
  • IEG has a debt to FCF ratio of 6.77. This is a slightly negative value and a sign of low solvency as IEG would need 6.77 years to pay back of all of its debts.
  • Looking at the Debt to FCF ratio, with a value of 6.77, IEG is in line with its industry, outperforming 54.41% of the companies in the same industry.
  • IEG has a Debt/Equity ratio of 0.80. This is a neutral value indicating IEG is somewhat dependend on debt financing.
  • IEG has a Debt to Equity ratio (0.80) which is in line with its industry peers.
Industry RankSector Rank
Debt/Equity 0.8
Debt/FCF 6.77
Altman-Z 2.31
ROIC/WACC3.26
WACC6.8%
IEG.MI Yearly LT Debt VS Equity VS FCFIEG.MI Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 50M 100M

2.3 Liquidity

  • A Current Ratio of 0.79 indicates that IEG may have some problems paying its short term obligations.
  • IEG has a Current ratio of 0.79. This is in the lower half of the industry: IEG underperforms 66.18% of its industry peers.
  • IEG has a Quick Ratio of 0.79. 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's Quick ratio of 0.78 is on the low side compared to the rest of the industry. IEG is outperformed by 60.29% of its industry peers.
Industry RankSector Rank
Current Ratio 0.79
Quick Ratio 0.78
IEG.MI Yearly Current Assets VS Current LiabilitesIEG.MI Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M

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4

3. Growth

3.1 Past

  • The Earnings Per Share has grown by an nice 8.39% 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.
  • Looking at the last year, IEG shows a quite strong growth in Revenue. The Revenue has grown by 18.90% in the last year.
  • The Revenue has been growing slightly by 7.11% on average over the past years.
EPS 1Y (TTM)8.39%
EPS 3Y170.14%
EPS 5Y20.23%
EPS Q2Q%-19.39%
Revenue 1Y (TTM)18.9%
Revenue growth 3Y51.12%
Revenue growth 5Y7.11%
Sales Q2Q%12.81%

3.2 Future

  • IEG is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 4.26% yearly.
  • 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 Y1.67%
EPS Next 2Y6.25%
EPS Next 3Y4.26%
EPS Next 5YN/A
Revenue Next Year7.34%
Revenue Next 2Y7.42%
Revenue Next 3Y6.22%
Revenue Next 5Y2.23%

3.3 Evolution

  • The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
  • 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 100M 200M 300M
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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4. Valuation

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 5.83, the valuation of IEG can be described as very cheap.
  • Based on the Price/Earnings ratio, IEG is valued cheaper than 91.18% of the companies in the same industry.
  • Compared to an average S&P500 Price/Earnings ratio of 28.41, IEG is valued rather cheaply.
  • A Price/Forward Earnings ratio of 9.02 indicates a reasonable valuation of IEG.
  • Based on the Price/Forward Earnings ratio, IEG is valued a bit cheaper than 67.65% of the companies in the same industry.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 25.64, IEG is valued rather cheaply.
Industry RankSector Rank
PE 5.83
Fwd PE 9.02
IEG.MI Price Earnings VS Forward Price EarningsIEG.MI Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, IEG is valued cheaper than 88.24% of the companies in the same industry.
  • IEG's Price/Free Cash Flow ratio is in line with the industry average.
Industry RankSector Rank
P/FCF 15.07
EV/EBITDA 3.66
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

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
  • The decent profitability rating of IEG may justify a higher PE ratio.
PEG (NY)3.48
PEG (5Y)0.29
EPS Next 2Y6.25%
EPS Next 3Y4.26%

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4

5. Dividend

5.1 Amount

  • IEG has a Yearly Dividend Yield of 2.21%.
  • Compared to an average industry Dividend Yield of 2.27, IEG pays a bit more dividend than its industry peers.
  • Compared to an average S&P500 Dividend Yield of 1.83, IEG pays a bit more dividend than the S&P500 average.
Industry RankSector Rank
Dividend Yield 2.21%

5.2 History

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

5.3 Sustainability

  • 12.29% of the earnings are spent on dividend by IEG. This is a low number and sustainable payout ratio.
DP12.29%
EPS Next 2Y6.25%
EPS Next 3Y4.26%
IEG.MI Yearly Income VS Free CF VS DividendIEG.MI Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 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 (1/28/2026, 5:14:01 PM)

9.44

-0.06 (-0.63%)

Chartmill FA Rating
GICS IndustryGroupMedia & Entertainment
GICS IndustryMedia
Earnings (Last)N/A
Earnings (Next)N/A
Inst Owners15.16%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap291.32M
Revenue(TTM)409.98M
Net Income(TTM)49.72M
Analysts82.86
Price Target10.81 (14.51%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 2.21%
Yearly Dividend0.14
Dividend Growth(5Y)N/A
DP12.29%
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)7.8%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)2.3%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.29%
Valuation
Industry RankSector Rank
PE 5.83
Fwd PE 9.02
P/S 0.71
P/FCF 15.07
P/OCF 6.9
P/B 2.15
P/tB 3.94
EV/EBITDA 3.66
EPS(TTM)1.62
EY17.16%
EPS(NY)1.05
Fwd EY11.08%
FCF(TTM)0.63
FCFY6.64%
OCF(TTM)1.37
OCFY14.49%
SpS13.29
BVpS4.39
TBVpS2.4
PEG (NY)3.48
PEG (5Y)0.29
Graham Number12.64
Profitability
Industry RankSector Rank
ROA 12.45%
ROE 36.74%
ROCE 30.81%
ROIC 22.17%
ROICexc 26.04%
ROICexgc 35.36%
OM 20.56%
PM (TTM) 12.13%
GM 46.14%
FCFM 4.72%
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
ROICexgc growth 3Y90.75%
ROICexgc 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 Turnover1.03
Health
Industry RankSector Rank
Debt/Equity 0.8
Debt/FCF 6.77
Debt/EBITDA 1.04
Cap/Depr 115.78%
Cap/Sales 5.58%
Interest Coverage 250
Cash Conversion 40.57%
Profit Quality 38.88%
Current Ratio 0.79
Quick Ratio 0.78
Altman-Z 2.31
F-Score6
WACC6.8%
ROIC/WACC3.26
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)8.39%
EPS 3Y170.14%
EPS 5Y20.23%
EPS Q2Q%-19.39%
EPS Next Y1.67%
EPS Next 2Y6.25%
EPS Next 3Y4.26%
EPS Next 5YN/A
Revenue 1Y (TTM)18.9%
Revenue growth 3Y51.12%
Revenue growth 5Y7.11%
Sales Q2Q%12.81%
Revenue Next Year7.34%
Revenue Next 2Y7.42%
Revenue Next 3Y6.22%
Revenue Next 5Y2.23%
EBIT growth 1Y41.96%
EBIT growth 3Y87.55%
EBIT growth 5Y13.74%
EBIT Next Year60.32%
EBIT Next 3Y22.25%
EBIT Next 5Y6.29%
FCF growth 1Y-43.55%
FCF growth 3Y-0.85%
FCF growth 5Y51.4%
OCF growth 1Y8.09%
OCF growth 3Y13.75%
OCF growth 5Y18.5%

ITALIAN EXHIBITION GROUP SPA / IEG.MI FAQ

What is the ChartMill fundamental rating of ITALIAN EXHIBITION GROUP SPA (IEG.MI) stock?

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


Can you provide the valuation status for ITALIAN EXHIBITION GROUP SPA?

ChartMill assigns a valuation rating of 6 / 10 to ITALIAN EXHIBITION GROUP SPA (IEG.MI). This can be considered as Fairly Valued.


How profitable is ITALIAN EXHIBITION GROUP SPA (IEG.MI) stock?

ITALIAN EXHIBITION GROUP SPA (IEG.MI) has a profitability rating of 7 / 10.


What is the valuation of ITALIAN EXHIBITION GROUP SPA based on its PE and PB ratios?

The Price/Earnings (PE) ratio for ITALIAN EXHIBITION GROUP SPA (IEG.MI) is 5.83 and the Price/Book (PB) ratio is 2.15.


Can you provide the expected EPS growth for IEG stock?

The Earnings per Share (EPS) of ITALIAN EXHIBITION GROUP SPA (IEG.MI) is expected to grow by 1.67% in the next year.