IMMQ.F Stock Overview

Immobiliare Grande Distribuzione SIIQ S.p.A. More details

IMMQ.F fundamental analysis
Snowflake Score
Valuation	4/6
Future Growth	3/6
Past Performance	0/6
Financial Health	0/6
Dividends	4/6

Rewards

Trading at 32.1% below our estimate of its fair value

Earnings are forecast to grow 86.64% per year

Risk Analysis

Shares are highly illiquid

Interest payments are not well covered by earnings

Unstable dividend track record

My Notes

Capture your thoughts, links and company narrative

Immobiliare Grande Distribuzione SIIQ S.p.A. Competitors

Whitestone REIT

NYSE:WSR

US$718.7m

SITE Centers

NYSE:SITC

US$787.0m

CBL & Associates Properties

NYSE:CBL

US$914.9m

Alexander's

NYSE:ALX

US$1.0b

Price History & Performance

Summary of share price highs, lows and changes for Immobiliare Grande Distribuzione SIIQ
Historical stock prices
Current Share Price	€2.46
52 Week High	€2.46
52 Week Low	€2.46
Beta	1.32
1 Month Change	0%
3 Month Change	n/a
1 Year Change	n/a
3 Year Change	n/a
5 Year Change	n/a
Change since IPO	170.33%

Recent updates

Shareholder Returns

	IMMQ.F	US Retail REITs	US Market
7D	0%	-0.05%	0.6%
1Y	n/a	7.0%	23.7%

Return vs Industry: Insufficient data to determine how IMMQ.F performed against the US Retail REITs industry.

Return vs Market: Insufficient data to determine how IMMQ.F performed against the US Market.

Price Volatility

Is IMMQ.F's price volatile compared to industry and market?
IMMQ.F volatility
IMMQ.F Average Weekly Movement	n/a
Retail REITs Industry Average Movement	2.6%
Market Average Movement	6.3%
10% most volatile stocks in US Market	17.5%
10% least volatile stocks in US Market	3.1%

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

Volatility Over Time: Insufficient data to determine IMMQ.F's volatility change over the past year.

About the Company

Founded	Employees	CEO	Website
1977	129	Claudio Albertini	www.gruppoigd.it

Immobiliare Grande Distribuzione SIIQ S.p.A. is one of the main players in Italy's retail real estate market: it develops and manages shopping centers throughout the country and has a significant presence in Romanian retail distribution. Listed on the Star Segment of the Italian Stock Exchange, IGD was the first SIIQ (Società di Investimento Immobiliare Quotata or real estate investment trust) in Italy. IGD has a real estate portfolio valued at circa EUR 2,005.1 million at 30 June 2023, comprised of, in Italy, 19 hypermarkets and supermarkets, 27 shopping malls and retail parks, 1 plot of land for development, 1 property held for trading and 6 other real estate properties.

Immobiliare Grande Distribuzione SIIQ S.p.A. Fundamentals Summary

How do Immobiliare Grande Distribuzione SIIQ's earnings and revenue compare to its market cap?
IMMQ.F fundamental statistics
Market cap	US$262.80m
Earnings (TTM)	-US$108.68m
Revenue (TTM)	US$175.24m

1.5x

P/S Ratio

-2.4x

P/E Ratio

Is IMMQ.F overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
IMMQ.F income statement (TTM)
Revenue	€161.13m
Cost of Revenue	€33.29m
Gross Profit	€127.84m
Other Expenses	€227.78m
Earnings	-€99.93m

Last Reported Earnings

Sep 30, 2023

Next Earnings Date

n/a

Earnings per share (EPS)	-0.91
Gross Margin	79.34%
Net Profit Margin	-62.02%
Debt/Equity Ratio	92.6%

How did IMMQ.F perform over the long term?

See historical performance and comparison

Dividends

13.7%

Current Dividend Yield

30%

Payout Ratio

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2023/12/03 01:14
End of Day Share Price	2023/09/05 00:00
Earnings	2023/09/30
Annual Earnings	2022/12/31

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.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* 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

Immobiliare Grande Distribuzione SIIQ S.p.A. is covered by 13 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Francesco Sala	Banca Akros S.p.A. (ESN)
Andrea Todeschini	Banca Akros S.p.A. (ESN)
Andrea Todeschini	Banca Akros S.p.A. (ESN)

Immobiliare Grande Distribuzione SIIQ OTCPK:IMMQ.F Stock Report