BIT:IIG

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Italia Independent Group

Executive Summary

Italia Independent Group S.p.A. manufactures and distributes sunglasses and reading glass frames in Italy and internationally.


Snowflake Analysis

High growth potential with imperfect balance sheet.

Share Price & News

How has Italia Independent Group's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: IIG has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-6.0%

IIG

5.2%

IT Luxury

3.6%

IT Market


1 Year Return

21.3%

IIG

-13.9%

IT Luxury

-1.9%

IT Market

Return vs Industry: IIG exceeded the Italian Luxury industry which returned -13.9% over the past year.

Return vs Market: IIG exceeded the Italian Market which returned -1.9% over the past year.


Shareholder returns

IIGIndustryMarket
7 Day-6.0%5.2%3.6%
30 Day3.5%0.7%2.0%
90 Day20.6%7.9%17.5%
1 Year21.3%21.3%-13.9%-13.9%0.7%-1.9%
3 Year-59.0%-59.0%-17.2%-21.9%-3.4%-12.3%
5 Year-93.3%-93.3%-10.9%-21.0%-0.7%-31.9%

Price Volatility Vs. Market

How volatile is Italia Independent Group's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Italia Independent Group undervalued compared to its fair value and its price relative to the market?


In this section, we usually try to help investors determine whether Italia Independent Group is trading at an attractive price based on the cash flow it is expected to produce in the future. But as Italia Independent Group has not provided consistent financial data, and the stock also has no analyst forecast or coverage, its intrinsic value cannot be reliably calculated by extrapolating past data or using analyst consensus cash flow predictions.

This is quite a rare situation as 89% of companies covered by Simply Wall St do have a valuation analysis.


Next Steps

Future Growth

How is Italia Independent Group forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

137.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: IIG is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2%).

Earnings vs Market: IIG is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: IIG's is expected to become profitable in the next 3 years.

Revenue vs Market: IIG's revenue (37.1% per year) is forecast to grow faster than the Italian market (5.4% per year).

High Growth Revenue: IIG's revenue (37.1% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if IIG's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Italia Independent Group performed over the past 5 years?

-50.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: IIG is currently unprofitable.

Growing Profit Margin: IIG is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: IIG is unprofitable, and losses have increased over the past 5 years at a rate of 50.1% per year.

Accelerating Growth: Unable to compare IIG's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: IIG is unprofitable, making it difficult to compare its past year earnings growth to the Luxury industry (0.9%).


Return on Equity

High ROE: IIG's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.


Next Steps

Financial Health

How is Italia Independent Group's financial position?


Financial Position Analysis

Short Term Liabilities: IIG has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.

Long Term Liabilities: IIG has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.


Debt to Equity History and Analysis

Debt Level: IIG has negative shareholder equity, which is a more serious situation than a high debt level.

Reducing Debt: IIG's has negative shareholder equity, so we do not need to check if its debt has reduced over time.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: IIG has sufficient cash runway for 3 months based on last reported free cash flow, but has since raised additional capital.

Forecast Cash Runway: IIG is forecast to have sufficient cash runway for 2 months based on free cash flow estimates, but has since raised additional capital.


Next Steps

Dividend

What is Italia Independent Group current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate IIG's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate IIG's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if IIG's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if IIG's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of IIG's dividend in 3 years as they are not forecast to pay a notable one for the Italian market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

1.6yrs

Average board tenure


CEO

Marco Cordeddu

0.83

Tenure

Dr. Marco Cordeddu serves as Chief Executive Officer and Director of Italia Independent Group S.p.A. since October 19, 2019.


Board Members

NamePositionTenureCompensationOwnership
Lapo Elkann
Founder & Chairmanno datano data53.38%
€ 11.0m
Marco Cordeddu
CEO & Director0.83yrno datano data
Gianluca Ferrero
Director1.58yrsno datano data
Elisabetta Riscossa
Member of Statutory Auditorsno datano datano data
Enrico Crasso
Director1.58yrsno datano data
Giovanna Dossena
Director1.58yrsno datano data
Roberto Spada
President of Board of Statutory Auditors1.58yrsno datano data
Maria Giovanna Volpe
Member of Statutory Auditorsno datano datano data

1.6yrs

Average Tenure

Experienced Board: IIG's board of directors are not considered experienced ( 1.6 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Italia Independent Group S.p.A.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Italia Independent Group S.p.A.
  • Ticker: IIG
  • Exchange: BIT
  • Founded: 2006
  • Industry: Apparel, Accessories and Luxury Goods
  • Sector: Consumer Durables
  • Market Cap: €20.572m
  • Shares outstanding: 10.04m
  • Website: https://www.italiaindependentgroup.com

Number of Employees


Location

  • Italia Independent Group S.p.A.
  • Via Emilia, 16
  • Venaria Reale
  • Turin
  • Turin
  • Italy

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
IIGBIT (Borsa Italiana)YesCommon SharesITEURJun 2013

Biography

Italia Independent Group S.p.A. manufactures and distributes sunglasses and reading glass frames in Italy and internationally. It offers lifestyle products and eyewear under the Italia Independent brand na ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/08/14 11:22
End of Day Share Price2020/08/13 00:00
Earnings2019/12/31
Annual Earnings2019/12/31


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.