Immobiliare Grande Distribuzione SIIQ S.p.A.

BATS-CHIXE:IGDM Stock Report

Market Cap: €254.9m

Immobiliare Grande Distribuzione SIIQ Valuation

Is IGDM undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of IGDM when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: IGDM (€2.18) is trading below our estimate of fair value (€3.06)

Significantly Below Fair Value: IGDM is trading below fair value by more than 20%.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for IGDM?

Key metric: As IGDM is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for IGDM. This is calculated by dividing IGDM's market cap by their current revenue.
What is IGDM's PS Ratio?
PS Ratio1.6x
Sales€161.13m
Market Cap€254.89m

Price to Sales Ratio vs Peers

How does IGDM's PS Ratio compare to its peers?

The above table shows the PS ratio for IGDM vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average5.2x
NRR NewRiver REIT
4.4x-10.6%UK£287.8m
CAL Capital & Regional
2.2x-28.7%UK£143.2m
SUPR Supermarket Income REIT
8.1x5.3%UK£872.4m
HMSO Hammerson
6.1x2.3%UK£1.4b
IGDM Immobiliare Grande Distribuzione SIIQ
1.6x-3.0%€254.9m

Price-To-Sales vs Peers: IGDM is good value based on its Price-To-Sales Ratio (1.6x) compared to the peer average (5.1x).


Price to Sales Ratio vs Industry

How does IGDM's PS Ratio compare vs other companies in the European Retail REITs Industry?

0 CompaniesPrice / SalesEstimated GrowthMarket Cap
No. of Companies8PS03.26.49.612.816+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: IGDM is good value based on its Price-To-Sales Ratio (1.6x) compared to the European Retail REITs industry average (5.3x).


Price to Sales Ratio vs Fair Ratio

What is IGDM's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

IGDM PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio1.6x
Fair PS Ration/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate IGDM's Price-To-Sales Fair Ratio for valuation analysis.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


Discover undervalued companies