Iveco Group N.V.

OTCPK:IVCG.F Stock Report

Market Cap: US$2.5b

Iveco Group Valuation

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

Valuation Score

5/6

Valuation Score 5/6

  • 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 IVCG.F when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: IVCG.F ($9.61) is trading below our estimate of fair value ($13.71)

Significantly Below Fair Value: IVCG.F is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for IVCG.F?

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

The above table shows the Price to Earnings ratio for IVCG.F. This is calculated by dividing IVCG.F's market cap by their current earnings.
What is IVCG.F's PE Ratio?
PE Ratio10.5x
Earnings€233.00m
Market Cap€2.44b

Price to Earnings Ratio vs Peers

How does IVCG.F's PE Ratio compare to its peers?

The above table shows the PE ratio for IVCG.F vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average10.9x
TEX Terex
6.6x-0.4%US$3.0b
ATMU Atmus Filtration Technologies
18.1x11.7%US$3.3b
GBX Greenbrier Companies
12.4x0.9%US$2.0b
REVG REV Group
6.4x-36.2%US$1.6b
IVCG.F Iveco Group
10.5x36.7%US$2.4b

Price-To-Earnings vs Peers: IVCG.F is good value based on its Price-To-Earnings Ratio (10.5x) compared to the peer average (10.9x).

Price to Earnings Ratio vs Industry

How does IVCG.F's PE Ratio compare vs other companies in the US Machinery Industry?

3 CompaniesPrice / EarningsEstimated GrowthMarket Cap
AIRJ AirJoule Technologies
2.1xn/aUS$531.63m
CVGI Commercial Vehicle Group
2.7x-46.6%US$70.52m
FATH Fathom Digital Manufacturing
2.6xn/aUS$35.24m
No more companies available in this PE range
IVCG.F 10.5xIndustry Avg. 22.7xNo. of Companies9PE01224364860+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: IVCG.F is good value based on its Price-To-Earnings Ratio (10.5x) compared to the US Machinery industry average (22.7x).

Price to Earnings Ratio vs Fair Ratio

What is IVCG.F'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.

IVCG.F PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio10.5x
Fair PE Ratio34.7x

Price-To-Earnings vs Fair Ratio: IVCG.F is good value based on its Price-To-Earnings Ratio (10.5x) compared to the estimated Fair Price-To-Earnings Ratio (34.7x).

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 IVCG.F forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$9.61
US$14.39
+49.8%
15.8%US$17.72US$11.08n/a9
Dec ’25US$9.97
US$14.77
+48.2%
13.9%US$17.75US$11.09n/a9
Nov ’25US$10.40
US$15.67
+50.7%
14.5%US$18.44US$11.53n/a9
Oct ’25US$9.94
US$15.97
+60.6%
13.3%US$18.75US$11.72n/a10
Sep ’25US$10.50
US$16.12
+53.5%
14.9%US$19.72US$11.51n/a10
Aug ’25US$9.94
US$16.01
+61.1%
15.1%US$19.52US$11.39n/a10
Jul ’25US$11.43
US$16.68
+45.9%
16.3%US$21.57US$12.41n/a10
Jun ’25US$11.89
US$16.68
+40.3%
16.3%US$21.57US$12.41n/a10
May ’25US$12.68
US$16.97
+33.8%
16.5%US$22.75US$12.46n/a10
Apr ’25US$14.71
US$16.79
+14.2%
16.8%US$22.82US$12.50n/a10
Mar ’25US$12.88
US$14.28
+10.9%
22.6%US$21.64US$8.66n/a10
Feb ’25US$10.86
US$12.09
+11.3%
18.9%US$14.35US$8.15n/a10
Jan ’25US$8.95
US$11.20
+25.2%
19.5%US$14.34US$7.97n/a10
Dec ’24US$8.29
US$11.20
+35.2%
19.5%US$14.34US$7.97US$9.9710
Nov ’24US$7.75
US$11.95
+54.1%
17.4%US$14.96US$8.49US$10.409
Oct ’24US$9.24
US$12.04
+30.3%
17.8%US$15.00US$8.51US$9.949
Sep ’24US$9.86
US$12.16
+23.3%
17.0%US$15.24US$8.65US$10.5010
Aug ’24US$9.62
US$11.44
+18.9%
19.7%US$14.26US$7.86US$9.949
Jul ’24US$9.05
US$11.14
+23.1%
19.4%US$13.73US$7.69US$11.439
Jun ’24US$7.50
US$10.97
+46.3%
19.2%US$13.60US$7.61US$11.899
May ’24US$8.99
US$10.99
+22.4%
17.0%US$13.16US$8.23US$12.689
Apr ’24US$9.41
US$10.40
+10.4%
16.5%US$12.88US$7.51US$14.719
Mar ’24US$9.46
US$10.23
+8.2%
16.4%US$12.87US$7.51US$12.889
Feb ’24US$8.30
US$9.10
+9.6%
18.3%US$10.86US$5.43US$10.869
Jan ’24US$5.88
US$8.65
+47.1%
22.3%US$10.40US$5.36US$8.958
Dec ’23US$6.79
US$8.65
+27.4%
22.3%US$10.40US$5.36US$8.298

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/26 02:32
End of Day Share Price 2024/12/26 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Iveco Group N.V. is covered by 12 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Jonathan MounseyBNP Paribas Exane
Miguel Nabeiro Ensinas Serra BorregaBNP Paribas Exane
Virginia MontorsiBofA Global Research