IF81 Stock Overview

Immobiliare Grande Distribuzione SIIQ S.p.A. More details

IF81 fundamental analysis
Snowflake Score
Valuation	5/6
Future Growth	3/6
Past Performance	0/6
Financial Health	1/6
Dividends	0/6

Rewards

Trading at 30% below our estimate of its fair value

Earnings are forecast to grow 81.96% per year

Trading at good value compared to peers and industry

Risk Analysis

Interest payments are not well covered by earnings

My Notes

Capture your thoughts, links and company narrative

Immobiliare Grande Distribuzione SIIQ S.p.A. Competitors

Hamborner REIT

XTRA:HABA

€512.5m

Deutsche Konsum REIT-AG

XTRA:DKG

€124.5m

Fair Value REIT-AG

DB:FVI

€53.6m

Plaza Retail REIT

TSX:PLZ.UN

CA$392.6m

Price History & Performance

Summary of share price highs, lows and changes for Immobiliare Grande Distribuzione SIIQ
Historical stock prices
Current Share Price	€2.47
52 Week High	€2.73
52 Week Low	€1.37
Beta	1.33
1 Month Change	-0.20%
3 Month Change	2.49%
1 Year Change	9.78%
3 Year Change	n/a
5 Year Change	n/a
Change since IPO	31.52%

Recent updates

Shareholder Returns

	IF81	DE Retail REITs	DE Market
7D	1.4%	0.1%	0.3%
1Y	9.8%	2.9%	6.9%

Return vs Industry: IF81 exceeded the German Retail REITs industry which returned 3% over the past year.

Return vs Market: IF81 exceeded the German Market which returned 6.9% over the past year.

Price Volatility

Is IF81's price volatile compared to industry and market?
IF81 volatility
IF81 Average Weekly Movement	5.3%
Retail REITs Industry Average Movement	2.2%
Market Average Movement	4.8%
10% most volatile stocks in DE Market	11.7%
10% least volatile stocks in DE Market	2.4%

Stable Share Price: IF81 has not had significant price volatility in the past 3 months compared to the German market.

Volatility Over Time: IF81's weekly volatility (5%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1977	138	n/a	www.gruppoigd.it

Immobiliare Grande Distribuzione SIIQ S.p.A. is one of the main players in Italy’s retail real estate market: it develops and manages shopping centers throughout the country and has a significant presence in Romanian retail distribution. Listed on the Star Segment of the Italian Stock Exchange, IGD was the first SIIQ (Società di Investimento Immobiliare Quotata or real estate investment trust) in Italy. IGD has a real estate portfolio valued at circa €1,968.1million at 31 December 2023, comprised of, in Italy, 19 hypermarkets and supermarkets, 27 shopping malls and retail parks, 1 plot of land for development, 1 property held for trading and 6 other real estate properties.

Immobiliare Grande Distribuzione SIIQ S.p.A. Fundamentals Summary

How do Immobiliare Grande Distribuzione SIIQ's earnings and revenue compare to its market cap?
IF81 fundamental statistics
Market cap	€275.85m
Earnings (TTM)	-€74.82m
Revenue (TTM)	€146.76m

1.9x

P/S Ratio

-3.7x

P/E Ratio

Is IF81 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
IF81 income statement (TTM)
Revenue	€146.76m
Cost of Revenue	€29.77m
Gross Profit	€117.00m
Other Expenses	€191.82m
Earnings	-€74.82m

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	-0.68
Gross Margin	79.72%
Net Profit Margin	-50.98%
Debt/Equity Ratio	83.5%

How did IF81 perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/01/01 16:09
End of Day Share Price	2024/12/30 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Immobiliare Grande Distribuzione SIIQ S.p.A. is covered by 13 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Francesco Sala	Banca Akros S.p.A. (ESN)
Andrea Todeschini	Banca Akros S.p.A. (ESN)
Andrea Todeschini	Banca Akros S.p.A. (ESN)