Italian Exhibition Group S.p.A.

BIT:IEG Stock Report

Market Cap: €144.3m

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 (€4.71) is trading above our estimate of fair value (€4.28)

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?

Other financial metrics that can be useful for relative valuation.

IEG key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue1x
Enterprise Value/EBITDA5.8x
PEG Ratio0.8x

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 Average13.1x
IDNTT IDNTT
14.7x19.2%€23.1m
PMT Promotica
10.2xn/a€33.6m
DGT DigiTouch
13.6x30.8%€27.1m
13.9xn/a€4.6m
IEG Italian Exhibition Group
11.3x14.3%€144.3m

Price-To-Earnings vs Peers: IEG is good value based on its Price-To-Earnings Ratio (11.3x) compared to the peer average (13.1x).


Price to Earnings Ratio vs Industry

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

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a12.9%
n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a12.9%
n/an/an/a
No more companies

Price-To-Earnings vs Industry: IEG is good value based on its Price-To-Earnings Ratio (11.3x) compared to the European Media industry average (14.2x).


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 Ratio11.3x
Fair PE Ratio9.5x

Price-To-Earnings vs Fair Ratio: IEG is expensive based on its Price-To-Earnings Ratio (11.3x) compared to the estimated Fair Price-To-Earnings Ratio (9.5x).


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€4.71
€5.97
+26.7%
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€3.70n/a3
Oct ’24€2.81
€3.73
+32.9%
1.3%€3.80€3.70n/a3
Sep ’24€2.75
€3.63
+32.1%
4.7%€3.80€3.40n/a3
Aug ’24€2.53
€3.43
+35.7%
1.4%€3.50€3.40n/a3
Jul ’24€2.49
€3.43
+37.9%
1.4%€3.50€3.40n/a3
Jun ’24€2.60
€3.43
+32.1%
1.4%€3.50€3.40n/a3
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
Oct ’23€1.99
€3.50
+75.9%
8.4%€3.90€3.20€2.813
Sep ’23€2.06
€3.57
+73.1%
6.6%€3.90€3.40€2.753
Aug ’23€1.99
€3.67
+84.3%
10.3%€4.20€3.40€2.533
May ’23€2.54
€3.77
+48.3%
2.5%€3.90€3.70€2.553

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.


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