BIT:IGV

Stock Analysis Report

Executive Summary

iGrandiViaggi S.p.A. engages in the travel and tourism business worldwide.

Rewards

Revenue is forecast to grow 5.3% per year

Risk Analysis

Currently unprofitable and not forecast to become profitable over the next 3 years

Does not have a meaningful market cap (€62M)



Snowflake Analysis

Flawless balance sheet and overvalued.

Share Price & News

How has iGrandiViaggi's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

-2.3%

IGV

1.6%

IT Hospitality

0.5%

IT Market


1 Year Return

-23.4%

IGV

14.2%

IT Hospitality

18.3%

IT Market

Return vs Industry: IGV underperformed the Italian Hospitality industry which returned 14.2% over the past year.

Return vs Market: IGV underperformed the Italian Market which returned 18.3% over the past year.


Shareholder returns

IGVIndustryMarket
7 Day-2.3%1.6%0.5%
30 Day-8.8%3.3%-0.7%
90 Day-4.1%5.4%4.4%
1 Year-22.5%-23.4%17.6%14.2%23.6%18.3%
3 Year40.7%37.8%25.9%14.5%27.6%8.7%
5 Year20.2%-75.1%50.6%27.0%32.3%-14.4%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is iGrandiViaggi undervalued compared to its fair value and its price relative to the market?

0.96x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: IGV (€1.3) is trading above our estimate of fair value (€0.18)

Significantly Below Fair Value: IGV is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: IGV is unprofitable, so we can't compare its PE Ratio to the Hospitality industry average.

PE vs Market: IGV is unprofitable, so we can't compare its PE Ratio to the Italian market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate IGV's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: IGV is good value based on its PB Ratio (1x) compared to the IT Hospitality industry average (2.1x).


Next Steps

Future Growth

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

5.3%

Forecasted annual revenue growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if IGV's forecast earnings growth is above the savings rate (1.2%).

Earnings vs Market: Insufficient data to determine if IGV's earnings are forecast to grow faster than the Italian market

High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: IGV's revenue (5.3% per year) is forecast to grow faster than the Italian market (3.1% per year).

High Growth Revenue: IGV's revenue (5.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

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


Next Steps

Past Performance

How has iGrandiViaggi performed over the past 5 years?

62.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: IGV is currently unprofitable.

Growing Profit Margin: IGV is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: IGV is unprofitable, but has reduced losses over the past 5 years at a rate of 62.3% per year.

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

Earnings vs Industry: IGV is unprofitable, making it difficult to compare its past year earnings growth to the Hospitality industry (-7%).


Return on Equity

High ROE: IGV has a negative Return on Equity (-2.96%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is iGrandiViaggi's financial position?


Financial Position Analysis

Short Term Liabilities: IGV's short term assets (€39.4M) exceed its short term liabilities (€30.5M).

Long Term Liabilities: IGV's short term assets (€39.4M) exceed its long term liabilities (€14.9M).


Debt to Equity History and Analysis

Debt Level: IGV's debt to equity ratio (10.2%) is considered satisfactory.

Reducing Debt: IGV's debt to equity ratio has reduced from 39.3% to 10.2% over the past 5 years.


Balance Sheet

Inventory Level: IGV has a high level of physical assets or inventory.

Debt Coverage by Assets: IGV's debt is covered by short term assets (assets are 5.7x debt).


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: Whilst unprofitable IGV has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: IGV is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by -10.4% per year.


Next Steps

Dividend

What is iGrandiViaggi's current dividend yield, its reliability and sustainability?

1.54%

Current Dividend Yield


Dividend Yield vs Market

company1.5%marketbottom25%2.0%markettop25%4.3%industryaverage2.9%forecastin3Years1.5%

Current dividend yield vs market & industry

Notable Dividend: IGV's dividend (1.54%) isn’t notable compared to the bottom 25% of dividend payers in the Italian market (1.98%).

High Dividend: IGV's dividend (1.54%) is low compared to the top 25% of dividend payers in the Italian market (4.32%).


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, IGV has been paying a dividend for less than 10 years.

Growing Dividend: IGV has only been paying a dividend for 2 years, and since then payments have not increased.


Current Payout to Shareholders

Dividend Coverage: IGV is paying a dividend but the company is unprofitable.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

What is the CEO of iGrandiViaggi's salary, the management and board of directors tenure and is there insider trading?


CEO

iGrandiViaggi has no CEO, or we have no data on them.


Insider Trading

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.


Management Team


    Board Members

    • Luigi Clementi

      Chairman of the Board

      • Tenure: 0yrs
      • Compensation: €450.00k
    • Fabrizio Prete

      Director

      • Tenure: 0yrs
      • Compensation: €15.00k
    • Corinne Clementi

      Vice Chairman of the Board

      • Tenure: 0yrs
      • Compensation: €75.00k
    • Antonio Ghio

      Director

      • Tenure: 0yrs
      • Compensation: €15.00k
    • Carlo Mortara (74yo)

      Director

      • Tenure: 0yrs
      • Compensation: €13.70k
    • Mario Damiani (79yo)

      Chairman of the Board of Statutory Auditors

      • Tenure: 0yrs
    • Luca Valdameri

      Statutory Auditor

      • Tenure: 0yrs
      • Compensation: €22.50k
    • Laura Cerliani

      Statutory Auditor

      • Tenure: 0yrs
      • Compensation: €16.00k
    • Tina Amata (51yo)

      Director

      • Tenure: 4.9yrs
      • Compensation: €15.00k
    • Alessandra Mori (53yo)

      Director

      • Tenure: 3.8yrs
      • Compensation: €6.85k

    Company Information

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


    Key Information

    • Name: iGrandiViaggi S.p.A.
    • Ticker: IGV
    • Exchange: BIT
    • Founded: 1931
    • Industry: Hotels, Resorts and Cruise Lines
    • Sector: Consumer Services
    • Market Cap: €61.639m
    • Shares outstanding: 47.60m
    • Website: https://www.igrandiviaggi.it

    Location

    • iGrandiViaggi S.p.A.
    • Via della Moscova, 36
    • Milan
    • Milan
    • 20121
    • Italy

    Listings

    TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
    IGVBIT (Borsa Italiana)YesCommon StockITEURJul 1998
    0R8ELSE (London Stock Exchange)YesCommon StockGBEURJul 1998
    IGVMBATS-CHIXE (BATS 'Chi-X Europe')YesCommon StockGBEURJul 1998

    Biography

    iGrandiViaggi S.p.A. engages in the travel and tourism business worldwide. It manages and markets tourist villages through a club formula; operates tours; and provides travel agency services. The company o ...


    Company Analysis and Financial Data Status

    All financial data provided by Standard & Poor's Capital IQ.
    DataLast Updated (UTC time)
    Company Analysis2019/12/11 20:42
    End of Day Share Price2019/12/11 00:00
    Earnings2019/07/31
    Annual Earnings2018/10/31


    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.