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

Europe - BIT:IEG - IT0003411417 - Common Stock

8.48 EUR
+0.14 (+1.68%)
Last: 10/16/2025, 7:00:00 PM
Fundamental Rating

5

We assign a fundamental rating of 5 out of 10 to IEG. IEG was compared to 69 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 correct valuation and a medium growth rate.


Dividend Valuation Growth Profitability Health

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7

1. Profitability

1.1 Basic Checks

In the past year IEG was profitable.
IEG had a positive operating cash flow in the past year.
Of the past 5 years IEG 4 years were profitable.
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's Return On Assets of 12.45% is amongst the best of the industry. IEG outperforms 98.53% of its industry peers.
IEG has a Return On Equity of 36.74%. This is amongst the best in the industry. IEG outperforms 97.06% of its industry peers.
Looking at the Return On Invested Capital, with a value of 22.17%, IEG belongs to the top of the industry, outperforming 98.53% of the companies in the same industry.
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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10 -10 20

1.3 Margins

The Profit Margin of IEG (12.13%) is better than 91.18% of its industry peers.
IEG's Profit Margin has improved in the last couple of years.
IEG has a Operating Margin of 20.56%. This is amongst the best in the industry. IEG outperforms 98.53% of its industry peers.
IEG's Operating Margin has improved in the last couple of years.
IEG's Gross Margin of 46.14% is in line compared to the rest of the industry. IEG outperforms 44.12% of its industry peers.
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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20 40

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4

2. Health

2.1 Basic Checks

IEG has a Return on Invested Capital (ROIC), which is well above the Cost of Capital (WACC), which means it is creating value.
IEG has less shares outstanding than it did 1 year ago.
IEG has less shares outstanding than it did 5 years ago.
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

An Altman-Z score of 2.25 indicates that IEG is not a great score, but indicates only limited risk for bankruptcy at the moment.
IEG has a Altman-Z score of 2.25. This is in the better half of the industry: IEG outperforms 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.
IEG's Debt to FCF ratio of 6.77 is in line compared to the rest of the industry. IEG outperforms 45.59% of its industry peers.
A Debt/Equity ratio of 0.80 indicates that IEG is somewhat dependend on debt financing.
IEG's Debt to Equity ratio of 0.80 is in line compared to the rest of the industry. IEG outperforms 52.94% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.8
Debt/FCF 6.77
Altman-Z 2.25
ROIC/WACC3.32
WACC6.68%
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

IEG has a Current 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.
With a Current ratio value of 0.79, IEG is not doing good in the industry: 70.59% of the companies in the same industry are doing better.
A Quick Ratio of 0.78 indicates that IEG may have some problems paying its short term obligations.
The Quick ratio of IEG (0.78) is worse than 67.65% 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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M

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4

3. Growth

3.1 Past

IEG shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 8.39%, which is quite good.
IEG shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 20.23% yearly.
The Revenue has grown by 18.90% in the past year. This is quite good.
Measured over the past years, IEG shows a small growth in Revenue. The Revenue has been growing by 7.11% on average per year.
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

The Earnings Per Share is expected to grow by 3.52% on average over the next years.
The Revenue is expected to grow by 2.23% on average over the next years.
EPS Next Y-0.62%
EPS Next 2Y5.38%
EPS Next 3Y3.52%
EPS Next 5YN/A
Revenue Next Year7.03%
Revenue Next 2Y7.08%
Revenue Next 3Y6.03%
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.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
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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6

4. Valuation

4.1 Price/Earnings Ratio

IEG is valuated cheaply with a Price/Earnings ratio of 5.23.
95.59% of the companies in the same industry are more expensive than IEG, based on the Price/Earnings ratio.
The average S&P500 Price/Earnings ratio is at 27.31. IEG is valued rather cheaply when compared to this.
A Price/Forward Earnings ratio of 8.24 indicates a reasonable valuation of IEG.
Based on the Price/Forward Earnings ratio, IEG is valued a bit cheaper than 73.53% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of IEG to the average of the S&P500 Index (22.85), we can say IEG is valued rather cheaply.
Industry RankSector Rank
PE 5.23
Fwd PE 8.24
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

Based on the Enterprise Value to EBITDA ratio, IEG is valued cheaply inside the industry as 85.29% of the companies are valued more expensively.
IEG's Price/Free Cash Flow ratio is in line with the industry average.
Industry RankSector Rank
P/FCF 13.54
EV/EBITDA 3.38
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 decent profitability rating of IEG may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)0.26
EPS Next 2Y5.38%
EPS Next 3Y3.52%

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3

5. Dividend

5.1 Amount

IEG has a Yearly Dividend Yield of 2.43%.
Compared to an average industry Dividend Yield of 5.53, 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 2.43%

5.2 History

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

5.3 Sustainability

IEG pays out 12.29% of its income as dividend. This is a sustainable payout ratio.
DP12.29%
EPS Next 2Y5.38%
EPS Next 3Y3.52%
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 (10/16/2025, 7:00:00 PM)

8.48

+0.14 (+1.68%)

Chartmill FA Rating
GICS IndustryGroupMedia & Entertainment
GICS IndustryMedia
Earnings (Last)N/A N/A
Earnings (Next)N/A N/A
Inst Owners15.17%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap261.69M
Analysts82.86
Price Target10.03 (18.28%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 2.43%
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)3.51%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)2.82%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)1.8%
Valuation
Industry RankSector Rank
PE 5.23
Fwd PE 8.24
P/S 0.64
P/FCF 13.54
P/OCF 6.2
P/B 1.93
P/tB 3.54
EV/EBITDA 3.38
EPS(TTM)1.62
EY19.1%
EPS(NY)1.03
Fwd EY12.13%
FCF(TTM)0.63
FCFY7.39%
OCF(TTM)1.37
OCFY16.13%
SpS13.29
BVpS4.39
TBVpS2.4
PEG (NY)N/A
PEG (5Y)0.26
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
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 Turnover1.03
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 2.25
F-Score6
WACC6.68%
ROIC/WACC3.32
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 Y-0.62%
EPS Next 2Y5.38%
EPS Next 3Y3.52%
EPS Next 5YN/A
Revenue 1Y (TTM)18.9%
Revenue growth 3Y51.12%
Revenue growth 5Y7.11%
Sales Q2Q%12.81%
Revenue Next Year7.03%
Revenue Next 2Y7.08%
Revenue Next 3Y6.03%
Revenue Next 5Y2.23%
EBIT growth 1Y41.96%
EBIT growth 3Y87.55%
EBIT growth 5Y13.74%
EBIT Next Year55.2%
EBIT Next 3Y21.21%
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%