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IMMOBILIARE GRANDE DISTRIBUZ (IGD.MI) Stock Fundamental Analysis

BIT:IGD - Euronext Milan - IT0005322612 - REIT - Currency: EUR

3.09  +0.01 (+0.32%)

Fundamental Rating

3

IGD gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 41 industry peers in the Diversified REITs industry. While IGD is still in line with the averages on profitability rating, there are concerns on its financial health. IGD is valued correctly, but it does not seem to be growing.


Dividend Valuation Growth Profitability Health

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4

1. Profitability

1.1 Basic Checks

In the past year IGD has reported negative net income.
IGD had a positive operating cash flow in the past year.
In the past 5 years IGD reported 4 times negative net income.
IGD had a positive operating cash flow in each of the past 5 years.
IGD.MI Yearly Net Income VS EBIT VS OCF VS FCFIGD.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 50M -50M 100M

1.2 Ratios

With a Return On Assets value of -1.36%, IGD is not doing good in the industry: 78.05% of the companies in the same industry are doing better.
IGD has a worse Return On Equity (-2.60%) than 78.05% of its industry peers.
Looking at the Return On Invested Capital, with a value of 6.42%, IGD belongs to the top of the industry, outperforming 95.12% of the companies in the same industry.
IGD had an Average Return On Invested Capital over the past 3 years of 3.96%. This is in line with the industry average of 3.55%.
The last Return On Invested Capital (6.42%) for IGD is above the 3 year average (3.96%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA -1.36%
ROE -2.6%
ROIC 6.42%
ROA(3y)-2.2%
ROA(5y)-1.48%
ROE(3y)-4.42%
ROE(5y)-3.08%
ROIC(3y)3.96%
ROIC(5y)3.84%
IGD.MI Yearly ROA, ROE, ROICIGD.MI Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 5 -5

1.3 Margins

Looking at the Operating Margin, with a value of 68.86%, IGD is in line with its industry, outperforming 48.78% of the companies in the same industry.
IGD's Operating Margin has declined in the last couple of years.
The Gross Margin of IGD (87.38%) is better than 73.17% of its industry peers.
In the last couple of years the Gross Margin of IGD has remained more or less at the same level.
Industry RankSector Rank
OM 68.86%
PM (TTM) N/A
GM 87.38%
OM growth 3Y-2.82%
OM growth 5Y-2.28%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-1.68%
GM growth 5Y-1.13%
IGD.MI Yearly Profit, Operating, Gross MarginsIGD.MI Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 50 -50

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2

2. Health

2.1 Basic Checks

The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so IGD is still creating some value.
IGD has about the same amout of shares outstanding than it did 1 year ago.
IGD has about the same amout of shares outstanding than it did 5 years ago.
The debt/assets ratio for IGD has been reduced compared to a year ago.
IGD.MI Yearly Shares OutstandingIGD.MI Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M 80M 100M
IGD.MI Yearly Total Debt VS Total AssetsIGD.MI Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B 2B 2.5B

2.2 Solvency

Based on the Altman-Z score of 0.68, we must say that IGD is in the distress zone and has some risk of bankruptcy.
IGD's Altman-Z score of 0.68 is on the low side compared to the rest of the industry. IGD is outperformed by 73.17% of its industry peers.
The Debt to FCF ratio of IGD is 29.98, which is on the high side as it means it would take IGD, 29.98 years of fcf income to pay off all of its debts.
IGD's Debt to FCF ratio of 29.98 is on the low side compared to the rest of the industry. IGD is outperformed by 70.73% of its industry peers.
IGD has a Debt/Equity ratio of 0.76. This is a neutral value indicating IGD is somewhat dependend on debt financing.
IGD has a Debt to Equity ratio (0.76) which is in line with its industry peers.
Industry RankSector Rank
Debt/Equity 0.76
Debt/FCF 29.98
Altman-Z 0.68
ROIC/WACC1.27
WACC5.07%
IGD.MI Yearly LT Debt VS Equity VS FCFIGD.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 200M 400M 600M 800M 1B

2.3 Liquidity

A Current Ratio of 0.40 indicates that IGD may have some problems paying its short term obligations.
IGD has a Current ratio of 0.40. This is comparable to the rest of the industry: IGD outperforms 41.46% of its industry peers.
IGD has a Quick Ratio of 0.40. This is a bad value and indicates that IGD is not financially healthy enough and could expect problems in meeting its short term obligations.
Looking at the Quick ratio, with a value of 0.19, IGD is doing worse than 80.49% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 0.4
Quick Ratio 0.19
IGD.MI Yearly Current Assets VS Current LiabilitesIGD.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 200M 250M

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2

3. Growth

3.1 Past

The Earnings Per Share has grown by an impressive 59.55% over the past year.
The Revenue has decreased by -7.65% in the past year.
The Revenue has been decreasing by -2.17% on average over the past years.
EPS 1Y (TTM)59.55%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-64.03%
Revenue 1Y (TTM)-7.65%
Revenue growth 3Y-1.5%
Revenue growth 5Y-2.17%
Sales Q2Q%-8.7%

3.2 Future

The Earnings Per Share is expected to grow by 32.29% on average over the next years. This is a very strong growth
IGD is expected to show a decrease in Revenue. In the coming years, the Revenue will decrease by -0.99% yearly.
EPS Next Y79.74%
EPS Next 2Y49.19%
EPS Next 3Y32.29%
EPS Next 5YN/A
Revenue Next Year-1.88%
Revenue Next 2Y-0.61%
Revenue Next 3Y-0.99%
Revenue Next 5YN/A

3.3 Evolution

The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
IGD.MI Yearly Revenue VS EstimatesIGD.MI Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 50M 100M 150M
IGD.MI Yearly EPS VS EstimatesIGD.MI Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 0.2 0.4 0.6 0.8

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6

4. Valuation

4.1 Price/Earnings Ratio

IGD reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
With a Price/Forward Earnings ratio of 7.05, the valuation of IGD can be described as very cheap.
92.68% of the companies in the same industry are more expensive than IGD, based on the Price/Forward Earnings ratio.
When comparing the Price/Forward Earnings ratio of IGD to the average of the S&P500 Index (22.06), we can say IGD is valued rather cheaply.
Industry RankSector Rank
PE N/A
Fwd PE 7.05
IGD.MI Price Earnings VS Forward Price EarningsIGD.MI Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 10 -10 20

4.2 Price Multiples

Based on the Enterprise Value to EBITDA ratio, IGD is valued cheaper than 97.56% of the companies in the same industry.
IGD's Price/Free Cash Flow ratio is in line with the industry average.
Industry RankSector Rank
P/FCF 12.6
EV/EBITDA 7.48
IGD.MI Per share dataIGD.MI EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 2 4 6 8

4.3 Compensation for Growth

IGD's 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 IGD's earnings are expected to grow with 32.29% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y49.19%
EPS Next 3Y32.29%

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2

5. Dividend

5.1 Amount

IGD has a Yearly Dividend Yield of 3.28%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 5.44, IGD is paying slightly less dividend.
Compared to an average S&P500 Dividend Yield of 2.38, IGD pays a bit more dividend than the S&P500 average.
Industry RankSector Rank
Dividend Yield 3.28%

5.2 History

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

5.3 Sustainability

DP0%
EPS Next 2Y49.19%
EPS Next 3Y32.29%
IGD.MI Yearly Income VS Free CF VS DividendIGD.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 50M -50M

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IMMOBILIARE GRANDE DISTRIBUZ

BIT:IGD (6/6/2025, 3:03:17 PM)

3.09

+0.01 (+0.32%)

Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)05-06 2025-05-06
Earnings (Next)08-05 2025-08-05
Inst Owners7.95%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap340.95M
Analysts77.14
Price Target3.33 (7.77%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 3.28%
Yearly Dividend0
Dividend Growth(5Y)N/A
DP0%
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)7.69%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)10.05%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.18%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE 7.05
P/S 1.57
P/FCF 12.6
P/OCF 7.34
P/B 0.35
P/tB 0.35
EV/EBITDA 7.48
EPS(TTM)-0.25
EYN/A
EPS(NY)0.44
Fwd EY14.19%
FCF(TTM)0.25
FCFY7.94%
OCF(TTM)0.42
OCFY13.63%
SpS1.97
BVpS8.79
TBVpS8.73
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -1.36%
ROE -2.6%
ROCE 8.55%
ROIC 6.42%
ROICexc 6.43%
ROICexgc 6.46%
OM 68.86%
PM (TTM) N/A
GM 87.38%
FCFM 12.44%
ROA(3y)-2.2%
ROA(5y)-1.48%
ROE(3y)-4.42%
ROE(5y)-3.08%
ROIC(3y)3.96%
ROIC(5y)3.84%
ROICexc(3y)3.98%
ROICexc(5y)3.95%
ROICexgc(3y)4%
ROICexgc(5y)3.97%
ROCE(3y)5.28%
ROCE(5y)5.12%
ROICexcg growth 3Y0.48%
ROICexcg growth 5Y1.75%
ROICexc growth 3Y0.47%
ROICexc growth 5Y1.77%
OM growth 3Y-2.82%
OM growth 5Y-2.28%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-1.68%
GM growth 5Y-1.13%
F-Score6
Asset Turnover0.12
Health
Industry RankSector Rank
Debt/Equity 0.76
Debt/FCF 29.98
Debt/EBITDA 4.84
Cap/Depr 579.33%
Cap/Sales 8.91%
Interest Coverage 250
Cash Conversion 30.33%
Profit Quality N/A
Current Ratio 0.4
Quick Ratio 0.19
Altman-Z 0.68
F-Score6
WACC5.07%
ROIC/WACC1.27
Cap/Depr(3y)1166.19%
Cap/Depr(5y)1734.49%
Cap/Sales(3y)16.55%
Cap/Sales(5y)14.34%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)59.55%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-64.03%
EPS Next Y79.74%
EPS Next 2Y49.19%
EPS Next 3Y32.29%
EPS Next 5YN/A
Revenue 1Y (TTM)-7.65%
Revenue growth 3Y-1.5%
Revenue growth 5Y-2.17%
Sales Q2Q%-8.7%
Revenue Next Year-1.88%
Revenue Next 2Y-0.61%
Revenue Next 3Y-0.99%
Revenue Next 5YN/A
EBIT growth 1Y-5.59%
EBIT growth 3Y-4.28%
EBIT growth 5Y-4.39%
EBIT Next Year26.75%
EBIT Next 3Y8.58%
EBIT Next 5Y5.8%
FCF growth 1Y-50.06%
FCF growth 3Y-23.29%
FCF growth 5Y-12.37%
OCF growth 1Y-39.95%
OCF growth 3Y-16.1%
OCF growth 5Y-12.89%