ITALIAN EXHIBITION GROUP S.P.A. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 4.7 EUR | 0.00% |
|
-1.26% | +52.60% |
| Mar. 26 | Italian Exhibition Group adds two new figures to top management | AN |
| Mar. 19 | IEG regains profit and detaches dividend; plan targets confirmed | AN |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 129.6 | 80.56 | 82.41 | 75.8 | 94.54 | 144 | - | - |
| Enterprise Value (EV) 1 | 231.4 | 208.3 | 188.7 | 171.2 | 94.54 | 206.7 | 216.1 | 215.2 |
| P/E ratio | 10.1 x | -7.12 x | 50.3 x | 98 x | 7.39 x | 6.37 x | 6.04 x | 5.77 x |
| Yield | 4.29% | - | - | - | - | 2.52% | 2.71% | 2.97% |
| Capitalization / Revenue | 0.73 x | 1.01 x | 0.8 x | 0.47 x | 0.45 x | 0.61 x | 0.58 x | 0.55 x |
| EV / Revenue | 1.3 x | 2.61 x | 1.84 x | 1.06 x | 0.45 x | 0.88 x | 0.87 x | 0.83 x |
| EV / EBITDA | 6.06 x | 116 x | 8.73 x | 9.47 x | 1.91 x | 3.66 x | 3.56 x | 3.22 x |
| EV / FCF | 21.2 x | -6.87 x | 6.42 x | 7.5 x | - | 15 x | -42.1 x | 13.8 x |
| FCF Yield | 4.71% | -14.6% | 15.6% | 13.3% | - | 6.68% | -2.38% | 7.25% |
| Price to Book | 1.25 x | 0.87 x | - | 0.79 x | - | 1.19 x | 1.04 x | 0.9 x |
| Nbr of stocks (in thousands) | 30,864 | 30,864 | 30,864 | 30,814 | 30,696 | 30,636 | - | - |
| Reference price 2 | 4.200 | 2.610 | 2.670 | 2.460 | 3.080 | 4.700 | 4.700 | 4.700 |
| Announcement Date | 4/7/20 | 3/18/21 | 3/24/22 | 3/16/23 | 4/8/24 | - | - | - |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 178.6 | 79.81 | 102.5 | 161.9 | 212.4 | 235.9 | 247 | 259.8 |
| EBITDA 1 | 38.2 | 1.791 | 21.61 | 18.07 | 49.54 | 56.47 | 60.63 | 66.75 |
| EBIT 1 | 23.7 | -21.58 | 2.855 | 0.035 | 25.73 | 38.27 | 40.87 | 44.2 |
| Operating Margin | 13.27% | -27.04% | 2.79% | 0.02% | 12.11% | 16.22% | 16.54% | 17.02% |
| Earnings before Tax (EBT) 1 | 19.72 | -17.55 | -1.041 | 0.571 | 20.75 | 33.85 | 34.4 | 38.6 |
| Net income 1 | 12.6 | -11.31 | 1.638 | -0.773 | 12.8 | 22.7 | 24.23 | 25.1 |
| Net margin | 7.05% | -14.17% | 1.6% | -0.48% | 6.03% | 9.62% | 9.81% | 9.66% |
| EPS 2 | 0.4167 | -0.3665 | 0.0531 | 0.0251 | 0.4170 | 0.7380 | 0.7783 | 0.8150 |
| Free Cash Flow 1 | 10.9 | -30.33 | 29.4 | 22.84 | - | 13.8 | -5.133 | 15.6 |
| FCF margin | 6.1% | -38% | 28.68% | 14.1% | - | 5.85% | -2.08% | 6.01% |
| FCF Conversion (EBITDA) | 28.53% | - | 136.04% | 126.39% | - | 24.44% | - | 23.37% |
| FCF Conversion (Net income) | 86.5% | - | 1,794.87% | - | - | 60.79% | - | 62.15% |
| Dividend per Share 2 | 0.1800 | - | - | - | - | 0.1187 | 0.1273 | 0.1395 |
| Announcement Date | 4/7/20 | 3/18/21 | 3/24/22 | 3/16/23 | 4/8/24 | - | - | - |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2020 S1 | 2021 S1 | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 S1 | 2022 Q4 | 2022 S2 | 2023 Q2 | 2023 Q3 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 61.84 | 7.043 | 35.48 | 59.98 | 38.04 | 72.68 | 55.83 | - | 42.2 | 33.16 |
| EBITDA 1 | - | -14.08 | 11.59 | 36.61 | 7.002 | 3.438 | 11.18 | 14.63 | 4.633 | 4.485 |
| EBIT 1 | - | - | 7.94 | 30.09 | 2.996 | -5.726 | 8.398 | - | - | -3.475 |
| Operating Margin | - | - | 22.38% | 50.17% | 7.88% | -7.88% | 15.04% | - | - | -10.48% |
| Earnings before Tax (EBT) | - | - | - | - | - | - | 8.55 | - | - | - |
| Net income | - | - | - | - | - | -5.248 | 6.817 | - | - | - |
| Net margin | - | - | - | - | - | -7.22% | 12.21% | - | - | - |
| EPS | - | - | - | - | - | -0.1700 | - | - | - | - |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 8/31/20 | 9/6/21 | 11/11/21 | 3/24/22 | 5/10/22 | 8/29/22 | 3/16/23 | 3/16/23 | 8/29/23 | 11/14/23 |
1EUR in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 102 | 128 | 106 | 95.4 | - | 62.7 | 72.1 | 71.3 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 2.665 x | 71.35 x | 4.919 x | 5.278 x | - | 1.11 x | 1.19 x | 1.067 x |
| Free Cash Flow 1 | 10.9 | -30.3 | 29.4 | 22.8 | - | 13.8 | -5.13 | 15.6 |
| ROE (net income / shareholders' equity) | 12.7% | -11.5% | - | 1.54% | - | 19.7% | 18.1% | 18.8% |
| ROA (Net income/ Total Assets) | - | - | - | - | - | 13.4% | 13.3% | - |
| Assets 1 | - | - | - | - | - | 169.4 | 182.2 | - |
| Book Value Per Share 2 | 3.370 | 2.990 | - | 3.130 | - | 3.950 | 4.500 | 5.220 |
| Cash Flow per Share | - | - | - | - | - | - | - | - |
| Capex 1 | 18.5 | 3.86 | - | 6.32 | - | 19.4 | 53 | 36.5 |
| Capex / Sales | 10.37% | 4.84% | - | 3.9% | - | 8.22% | 21.45% | 14.05% |
| Announcement Date | 4/7/20 | 3/18/21 | 3/24/22 | 3/16/23 | 4/8/24 | - | - | - |
1EUR in Million2EUR
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
Sell
Buy
Mean consensus
BUY
Number of Analysts
3
Last Close Price
4.7
EUR
Average target price
5.967
EUR
Spread / Average Target
+26.95%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| +52.60% | 154M | |
| +2.51% | 13.52B | |
| -2.96% | 739M | |
| -8.22% | 714M | |
| +1.24% | 653M | |
| -2.01% | 370M | |
| +39.24% | 292M | |
| 0.00% | 260M | |
| +4.55% | 255M | |
| -2.51% | 72.2M |
- Stock Market
- Equities
- IEG Stock
- Financials Italian Exhibition Group S.p.A.
