IMMOBILIARE GRANDE DISTRIBUZ (IGD.MI) Stock Fundamental Analysis

Europe • Euronext Milan • BIT:IGD • IT0005322612

3.633 EUR
+0.03 (+0.92%)
Last: Feb 4, 2026, 05:29 PM
Fundamental Rating

3

Taking everything into account, IGD scores 3 out of 10 in our fundamental rating. IGD was compared to 42 industry peers in the Diversified REITs industry. There are concerns on the financial health of IGD while its profitability can be described as average. IGD has a valuation in line with the averages, but on the other hand it scores bad on growth.


Dividend Valuation Growth Profitability Health

4

1. Profitability

1.1 Basic Checks

  • IGD had positive earnings in the past year.
  • In the past year IGD had a positive cash flow from operations.
  • IGD had negative earnings in 4 of the past 5 years.
  • Each year in the past 5 years IGD had a positive operating cash flow.
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 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 50M -50M 100M

1.2 Ratios

  • IGD has a Return On Assets of 0.82%. This is in the lower half of the industry: IGD underperforms 64.29% of its industry peers.
  • Looking at the Return On Equity, with a value of 1.56%, IGD is doing worse than 61.90% of the companies in the same industry.
  • IGD has a better Return On Invested Capital (5.84%) than 97.62% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for IGD is in line with the industry average of 3.37%.
  • The 3 year average ROIC (3.96%) for IGD is below the current ROIC(5.84%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 0.82%
ROE 1.56%
ROIC 5.84%
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 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 5 -5

1.3 Margins

  • The Profit Margin of IGD (7.18%) is worse than 61.90% of its industry peers.
  • IGD has a Operating Margin (65.35%) which is comparable to the rest of the industry.
  • In the last couple of years the Operating Margin of IGD has declined.
  • IGD has a Gross Margin of 85.86%. This is in the better half of the industry: IGD outperforms 78.57% of its industry peers.
  • IGD's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 65.35%
PM (TTM) 7.18%
GM 85.86%
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 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.
  • Compared to 1 year ago, IGD has about the same amount of shares outstanding.
  • Compared to 5 years ago, IGD has about the same amount of shares outstanding.
  • IGD has a better debt/assets ratio than last year.
IGD.MI Yearly Shares OutstandingIGD.MI Yearly Shares OutstandingYearly Shares Outstanding 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 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 0.86, we must say that IGD is in the distress zone and has some risk of bankruptcy.
  • With a Altman-Z score value of 0.86, IGD perfoms like the industry average, outperforming 50.00% of the companies in the same industry.
  • The Debt to FCF ratio of IGD is 22.55, which is on the high side as it means it would take IGD, 22.55 years of fcf income to pay off all of its debts.
  • IGD's Debt to FCF ratio of 22.55 is on the low side compared to the rest of the industry. IGD is outperformed by 61.90% of its industry peers.
  • IGD has a Debt/Equity ratio of 0.79. This is a neutral value indicating IGD is somewhat dependend on debt financing.
  • Looking at the Debt to Equity ratio, with a value of 0.79, IGD is doing worse than 61.90% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.79
Debt/FCF 22.55
Altman-Z 0.86
ROIC/WACC1.14
WACC5.13%
IGD.MI Yearly LT Debt VS Equity VS FCFIGD.MI Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 200M 400M 600M 800M 1B

2.3 Liquidity

  • A Current Ratio of 0.52 indicates that IGD may have some problems paying its short term obligations.
  • With a Current ratio value of 0.52, IGD perfoms like the industry average, outperforming 52.38% of the companies in the same industry.
  • IGD has a Quick Ratio of 0.52. This is a bad value and indicates that IGD is not financially healthy enough and could expect problems in meeting its short term obligations.
  • With a Quick ratio value of 0.23, IGD is not doing good in the industry: 71.43% of the companies in the same industry are doing better.
Industry RankSector Rank
Current Ratio 0.52
Quick Ratio 0.23
IGD.MI Yearly Current Assets VS Current LiabilitesIGD.MI Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M 200M 250M

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3

3. Growth

3.1 Past

  • IGD shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 127.60%, which is quite impressive.
  • IGD shows a decrease in Revenue. In the last year, the revenue decreased by -6.63%.
  • Measured over the past years, IGD shows a decrease in Revenue. The Revenue has been decreasing by -2.17% on average per year.
EPS 1Y (TTM)127.6%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%132.59%
Revenue 1Y (TTM)-6.63%
Revenue growth 3Y-1.5%
Revenue growth 5Y-2.17%
Sales Q2Q%-5.1%

3.2 Future

  • The Earnings Per Share is expected to grow by 29.89% on average over the next years. This is a very strong growth
  • Based on estimates for the next years, IGD will show a decrease in Revenue. The Revenue will decrease by -0.91% on average per year.
EPS Next Y38.97%
EPS Next 2Y41.9%
EPS Next 3Y29.89%
EPS Next 5YN/A
Revenue Next Year-1.39%
Revenue Next 2Y-0.49%
Revenue Next 3Y-0.91%
Revenue Next 5YN/A

3.3 Evolution

  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
IGD.MI Yearly Revenue VS EstimatesIGD.MI Yearly Revenue VS EstimatesYearly Revenue VS Estimates 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 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

  • A Price/Earnings ratio of 25.95 indicates a quite expensive valuation of IGD.
  • IGD's Price/Earnings ratio is in line with the industry average.
  • When comparing the Price/Earnings ratio of IGD to the average of the S&P500 Index (28.25), we can say IGD is valued inline with the index average.
  • Based on the Price/Forward Earnings ratio of 9.16, the valuation of IGD can be described as reasonable.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of IGD indicates a rather cheap valuation: IGD is cheaper than 80.95% of the companies listed in the same industry.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 27.50, IGD is valued rather cheaply.
Industry RankSector Rank
PE 25.95
Fwd PE 9.16
IGD.MI Price Earnings VS Forward Price EarningsIGD.MI Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • 100.00% of the companies in the same industry are more expensive than IGD, based on the Enterprise Value to EBITDA ratio.
  • 66.67% of the companies in the same industry are more expensive than IGD, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 11.24
EV/EBITDA 8.49
IGD.MI Per share dataIGD.MI EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 2 4 6 8

4.3 Compensation for Growth

  • The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • IGD's earnings are expected to grow with 29.89% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.67
PEG (5Y)N/A
EPS Next 2Y41.9%
EPS Next 3Y29.89%

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3

5. Dividend

5.1 Amount

  • IGD has a Yearly Dividend Yield of 2.82%.
  • IGD's Dividend Yield is slightly below the industry average, which is at 5.30.
  • Compared to an average S&P500 Dividend Yield of 1.82, IGD pays a better dividend.
Industry RankSector Rank
Dividend Yield 2.82%

5.2 History

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

5.3 Sustainability

  • 72.52% of the earnings are spent on dividend by IGD. This is not a sustainable payout ratio.
DP72.52%
EPS Next 2Y41.9%
EPS Next 3Y29.89%
IGD.MI Yearly Income VS Free CF VS DividendIGD.MI Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 50M -50M
IGD.MI Dividend Payout.IGD.MI Dividend Payout, showing the Payout Ratio.IGD.MI Dividend Payout.PayoutRetained Earnings

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IMMOBILIARE GRANDE DISTRIBUZ

BIT:IGD (2/4/2026, 5:29:47 PM)

3.633

+0.03 (+0.92%)

Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)11-11
Earnings (Next)02-26
Inst Owners10.13%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap400.87M
Revenue(TTM)210.56M
Net Income(TTM)15.11M
Analysts80
Price Target4.01 (10.38%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 2.82%
Yearly Dividend0
Dividend Growth(5Y)N/A
DP72.52%
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)12.38%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)-23.52%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)0%
Valuation
Industry RankSector Rank
PE 25.95
Fwd PE 9.16
P/S 1.9
P/FCF 11.24
P/OCF 7.39
P/B 0.41
P/tB 0.42
EV/EBITDA 8.49
EPS(TTM)0.14
EY3.85%
EPS(NY)0.4
Fwd EY10.92%
FCF(TTM)0.32
FCFY8.9%
OCF(TTM)0.49
OCFY13.53%
SpS1.91
BVpS8.77
TBVpS8.71
PEG (NY)0.67
PEG (5Y)N/A
Graham Number5.26
Profitability
Industry RankSector Rank
ROA 0.82%
ROE 1.56%
ROCE 7.78%
ROIC 5.84%
ROICexc 5.85%
ROICexgc 5.87%
OM 65.35%
PM (TTM) 7.18%
GM 85.86%
FCFM 16.94%
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%
ROICexgc growth 3Y0.48%
ROICexgc 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-Score4
Asset Turnover0.11
Health
Industry RankSector Rank
Debt/Equity 0.79
Debt/FCF 22.55
Debt/EBITDA 5.42
Cap/Depr 533.97%
Cap/Sales 8.81%
Interest Coverage 250
Cash Conversion 38.44%
Profit Quality 236.12%
Current Ratio 0.52
Quick Ratio 0.23
Altman-Z 0.86
F-Score4
WACC5.13%
ROIC/WACC1.14
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)127.6%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%132.59%
EPS Next Y38.97%
EPS Next 2Y41.9%
EPS Next 3Y29.89%
EPS Next 5YN/A
Revenue 1Y (TTM)-6.63%
Revenue growth 3Y-1.5%
Revenue growth 5Y-2.17%
Sales Q2Q%-5.1%
Revenue Next Year-1.39%
Revenue Next 2Y-0.49%
Revenue Next 3Y-0.91%
Revenue Next 5YN/A
EBIT growth 1Y-14.24%
EBIT growth 3Y-4.28%
EBIT growth 5Y-4.39%
EBIT Next Year26.44%
EBIT Next 3Y8.33%
EBIT Next 5Y5.8%
FCF growth 1Y-39.76%
FCF growth 3Y-23.29%
FCF growth 5Y-12.37%
OCF growth 1Y-41.18%
OCF growth 3Y-16.1%
OCF growth 5Y-12.89%

IMMOBILIARE GRANDE DISTRIBUZ / IGD.MI FAQ

What is the ChartMill fundamental rating of IMMOBILIARE GRANDE DISTRIBUZ (IGD.MI) stock?

ChartMill assigns a fundamental rating of 3 / 10 to IGD.MI.


What is the valuation status for IGD stock?

ChartMill assigns a valuation rating of 6 / 10 to IMMOBILIARE GRANDE DISTRIBUZ (IGD.MI). This can be considered as Fairly Valued.


What is the profitability of IGD stock?

IMMOBILIARE GRANDE DISTRIBUZ (IGD.MI) has a profitability rating of 4 / 10.


What is the valuation of IMMOBILIARE GRANDE DISTRIBUZ based on its PE and PB ratios?

The Price/Earnings (PE) ratio for IMMOBILIARE GRANDE DISTRIBUZ (IGD.MI) is 25.95 and the Price/Book (PB) ratio is 0.41.


Is the dividend of IMMOBILIARE GRANDE DISTRIBUZ sustainable?

The dividend rating of IMMOBILIARE GRANDE DISTRIBUZ (IGD.MI) is 3 / 10 and the dividend payout ratio is 72.52%.