BIT:IGV

Stock Analysis Report

Executive Summary

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

Snowflake

Fundamentals

Flawless balance sheet with moderate growth potential.

Risks

  • iGrandiViaggi is covered by less than 3 analysts.

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

0.3%

BIT:IGV

-3.2%

IT Hospitality

-0.4%

IT Market


1 Year Return

-19.0%

BIT:IGV

-15.4%

IT Hospitality

-3.1%

IT Market

IGV underperformed the Hospitality industry which returned -8.6% over the past year.

IGV underperformed the Market in Italy which returned -2% over the past year.


Share holder returns

IGVIndustryMarket
7 Day0.3%-3.2%-0.4%
30 Day4.2%-0.4%2.5%
90 Day1.7%3.5%-1.6%
1 Year-18.1%-19.0%-13.2%-15.4%1.2%-3.1%
3 Year84.3%80.5%31.8%25.1%24.1%8.3%
5 Year8.7%-77.5%42.9%16.1%7.5%-36.7%

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 based on future cash flows and its price relative to the stock market?

74.59x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

iGrandiViaggi's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

iGrandiViaggi's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

iGrandiViaggi is overvalued based on earnings compared to the IT Hospitality industry average.

iGrandiViaggi is overvalued based on earnings compared to the Italy market.


Price Based on Expected Growth

Unable to calculate PEG ratio for iGrandiViaggi, we can't assess if its growth is good value.


Price Based on Value of Assets

iGrandiViaggi is good value based on assets compared to the IT Hospitality industry average.


Next Steps

Future Growth

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

-2.9%

Forecasted annual revenue growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

iGrandiViaggi's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.

iGrandiViaggi's earnings are expected to grow significantly at over 20% yearly.

iGrandiViaggi's revenues are expected to decrease over the next 1-3 years, this is below the Italy market average.

iGrandiViaggi's earnings growth is expected to exceed the Italy market average.

iGrandiViaggi's earnings growth is expected to exceed the low risk savings rate of 2.9%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if iGrandiViaggi will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

How has iGrandiViaggi performed over the past 5 years?

68.4%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

iGrandiViaggi has delivered over 20% year on year earnings growth in the past 5 years.

iGrandiViaggi's 1-year earnings growth is negative, it can't be compared to the 5-year average.

iGrandiViaggi's 1-year earnings growth is negative, it can't be compared to the IT Hospitality industry average.


Return on Equity

iGrandiViaggi has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

iGrandiViaggi used its assets less efficiently than the IT Hospitality industry average last year based on Return on Assets.


Return on Capital Employed

iGrandiViaggi has become profitable over the past 3 years. This is considered to be a significant improvement in its use of capital (Return on Capital Employed).


Next Steps

Financial Health

How is iGrandiViaggi's financial position?


Financial Position Analysis

iGrandiViaggi is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

iGrandiViaggi's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

iGrandiViaggi's level of debt (11.6%) compared to net worth is satisfactory (less than 40%).

The level of debt compared to net worth has been reduced over the past 5 years (45% vs 11.6% today).

Debt is well covered by operating cash flow (88%, greater than 20% of total debt).

iGrandiViaggi earns more interest than it pays, coverage of interest payments is not a concern.


Balance Sheet

High level of physical assets or inventory.

Debt is covered by short term assets, assets are 4.5x debt.


Next Steps

Dividend

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

1.25%

Expected Dividend Yield


Dividend Yield and Payments Analysis

iGrandiViaggi's pays a lower dividend yield than the bottom 25% of dividend payers in Italy (2.12%).

iGrandiViaggi's dividend is below the markets top 25% of dividend payers in Italy (4.5%).

It is too early to tell whether iGrandiViaggi has stable dividend payments.

iGrandiViaggi only just started paying a dividend, it is too early to tell if payments are increasing.


Current Payout to Shareholders

Dividends paid are not well covered by earnings (1.1x coverage).


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


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

No 3 month individual insider trading information.


Ownership Breakdown


Management Team


    Board Members

    • Antonio Ghio

      Director

      • Compensation: €15.00k
    • Carlo Mortara (73yo)

      Director

      • Compensation: €13.70k
    • Fabrizio Prete

      Director

      • Compensation: €15.00k
    • Corinne Clementi

      Vice Chairman of the Board

      • Compensation: €75.00k
    • Alessandra Mori (52yo)

      Director

      • Tenure: 3.3yrs
      • Compensation: €6.85k
    • Tina Amata (50yo)

      Director

      • Tenure: 4.4yrs
      • Compensation: €15.00k
    • Laura Cerliani

      Statutory Auditor

      • Compensation: €16.00k
    • Luca Valdameri

      Statutory Auditor

      • Compensation: €22.50k
    • Mario Damiani (78yo)

      Chairman of the Board of Statutory Auditors

    • Luigi Clementi

      Chairman of the Board

      • Compensation: €450.00k

    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: €76.156m
    • Shares outstanding: 47.60m
    • Website: Click here

    Location

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

    Listings

    TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
    IGVBIT (Borsa Italiana)YesCommon StockITEURJul 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 Analysis2019/06/26 02:19
    End of Day Share Price2019/06/25 00:00
    Earnings2019/01/31
    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.