Italian Exhibition Group S.p.A.

BIT:IEG Stock Report

Market Cap: €190.0m

Italian Exhibition Group Valuation

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

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

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

Below Fair Value: IEG (€6.22) is trading above our estimate of fair value (€3.06)

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


Key Valuation Metric

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

Key metric: As IEG is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for IEG. This is calculated by dividing IEG's market cap by their current earnings.
What is IEG's PE Ratio?
PE Ratio7.9x
Earnings€23.95m
Market Cap€189.99m

Price to Earnings Ratio vs Peers

How does IEG's PE Ratio compare to its peers?

The above table shows the PE ratio for IEG vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average21.1x
FM Fiera Milano
7.7x-2.8%€286.3m
BF BolognaFiere
56.1xn/a€243.3m
IDNTT IDNTT
14.2x20.8%€21.3m
PMT Promotica
6.4x19.4%€37.5m
IEG Italian Exhibition Group
7.9x2.9%€190.0m

Price-To-Earnings vs Peers: IEG is good value based on its Price-To-Earnings Ratio (7.9x) compared to the peer average (21.1x).


Price to Earnings Ratio vs Industry

How does IEG's PE Ratio compare vs other companies in the European Media Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
IEG 7.9xIndustry Avg. 12.3xNo. of Companies18PE01020304050+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: IEG is good value based on its Price-To-Earnings Ratio (7.9x) compared to the European Media industry average (12.3x).


Price to Earnings Ratio vs Fair Ratio

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

IEG PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio7.9x
Fair PE Ratio8.6x

Price-To-Earnings vs Fair Ratio: IEG is good value based on its Price-To-Earnings Ratio (7.9x) compared to the estimated Fair Price-To-Earnings Ratio (8.6x).


Analyst Price Targets

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

The above table shows the analyst IEG forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€6.22
€7.33
+17.9%
3.2%€7.50€7.00n/a3
Nov ’25€6.32
€7.07
+11.8%
5.9%€7.50€6.50n/a3
Oct ’25€5.86
€7.07
+20.6%
5.9%€7.50€6.50n/a3
Sep ’25€6.00
€7.07
+17.8%
5.9%€7.50€6.50n/a3
Aug ’25€6.42
€6.03
-6.0%
5.6%€6.50€5.70n/a3
Jul ’25€6.32
€6.03
-4.5%
5.6%€6.50€5.70n/a3
Jun ’25€5.04
€6.03
+19.7%
5.6%€6.50€5.70n/a3
May ’25€4.74
€5.97
+25.9%
6.9%€6.50€5.50n/a3
Apr ’25€4.80
€5.97
+24.3%
6.9%€6.50€5.50n/a3
Mar ’25€4.80
€5.83
+21.5%
8.1%€6.50€5.50n/a3
Feb ’25€4.29
€5.83
+36.0%
8.1%€6.50€5.50n/a3
Jan ’25€3.08
€4.00
+29.9%
5.4%€4.20€3.70n/a3
Dec ’24€3.00
€4.00
+33.3%
5.4%€4.20€3.70n/a3
Nov ’24€2.79
€3.73
+33.8%
1.3%€3.80€3.70€6.323
Oct ’24€2.81
€3.73
+32.9%
1.3%€3.80€3.70€5.863
Sep ’24€2.75
€3.63
+32.1%
4.7%€3.80€3.40€6.003
Aug ’24€2.53
€3.43
+35.7%
1.4%€3.50€3.40€6.423
Jul ’24€2.49
€3.43
+37.9%
1.4%€3.50€3.40€6.323
Jun ’24€2.60
€3.43
+32.1%
1.4%€3.50€3.40€5.043
May ’24€2.55
€3.43
+34.6%
1.4%€3.50€3.40€4.743
Apr ’24€2.55
€3.43
+34.6%
1.4%€3.50€3.40€4.803
Mar ’24€2.50
€3.40
+36.0%
8.3%€3.80€3.20€4.803
Feb ’24€2.55
€3.40
+33.3%
8.3%€3.80€3.20€4.293
Jan ’24€2.46
€3.40
+38.2%
8.3%€3.80€3.20€3.083
Dec ’23€2.08
€3.40
+63.5%
8.3%€3.80€3.20€3.003
Nov ’23€2.03
€3.43
+69.1%
6.0%€3.70€3.20€2.793

Analyst Forecast: Target price is less than 20% higher than the current share price.


Discover undervalued companies