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v0.1
IEG.MI$12.75-0.39%
Fair $12.75+0.0%

IEG.MI

Italian Exhibition Group S.p.A.

Communication Services / Advertising AgenciesMilan

$12.75

-0.05 (-0.39%)

Fairly Valued+0.0%Fair Value $12.75Fund rank 32/100 · Data gapFallback financials|
SA 58/C
F-Score: 4/9

FCF base 3Y

n/d

n/d CAGR · yield n/d

FCF base 5Y

n/d

n/d base · n/d expected

Precio de entrada

n/d

MOS 26% · confianza 25%

FCF escenarios

weak_data · normalized FCF $27.8M · quality 58.3/100

Data gap 32/100
Bear 5Yn/dn/d
Base 5Yn/dn/d
Bull 5Yn/dn/d
Return 0/100Downside 20/100Model quality 56/100Data QA 20/100

Ranking barato/determinista: CAGR esperado 5Y + downside bear + calidad del modelo + balance + capital allocation + data gate. No entra en buy-candidate si la data es débil o el CAGR 5Y no compensa.

Quality + valuation scorecard

SA Score

58/100

C

Piotroski

4/9

balance/quality

Valuation

50/100

+0.0% upside

5Y CAGR

+0.0%

50/100

Data QA

16/100

SEC 0%

Latest source: unknownPeriods: 4Warnings: 0unknown: 4
No SEC-backed annual rows; valuation uses fallback financial data. Insufficient audited annual history (<3 SEC-backed years); composite fair value and forward targets are disabled until manually verified.
Thesis & Journal · IEG.MILocal privado en este navegador · Italian Exhibition Group S.p.A.
Plantilla tipo buy-side: tesis, bull/base/bear, catalizadores, riesgos, kill criteria y fecha de revisión. Esto no gasta GPT-5.5; luego lo usamos como contexto del memo.

Sin guardar todavía.

Market Cap

$389M

P/E

12.6x

↓

EV/EBITDA

6.6x

↓

ROE

19.3%

↑

Gross Margin

92.5%

↑

Debt/Equity

0.78

↑
52-Week Range$13
$8$13

TradingView lightweight chart

IEG.MI price, volumen y niveles de valoración

Último $12.90Periodo +248.1%
Fair value: $12.75

Price & Ratios

Absolute Values (Left Axis)

Ratios / Percentages (Right Axis)

Financial statement dashboard

Crecimiento, márgenes y provenance

2022–2025 · 3 años de histórico normalizado

Revenue CAGR

+18.6%

FCF CAGR

—

FCF margin

-1.1%

FCF / Net income

-0.10x

Latest source

Provider fallback

Margin decomposition

Último año: revenue $266.4M · net income $28.9M · FCF $-3.0M

2022-FY → 2025-FY

Gross margin

92.5%+1.7% pts

Operating margin

19.4%+18.1% pts

Net margin

10.8%+10.4% pts

FCF margin

-1.1%-15.4% pts
MetricTTM
2025
2024
2023
2022
Income Statement
Revenue$266.4M$266.4M$249.8M$212.4M$159.8M
Net Income$28.9M$28.9M$32.0M$12.7M$724000.00
EBITDA$69.8M$69.8M$65.5M$41.7M$18.1M
EPS1.001.001.060.440.02
Gross Margin92.5%92.5%92.7%91.7%90.8%
Operating Margin19.4%19.4%19.6%13.5%1.3%
Net Margin10.8%10.8%12.8%6.0%0.5%
Balance Sheet
Debt/Equity0.780.780.881.261.43
Current Ratio0.750.75———
Cash Flow
Free Cash Flow$-3.0M$-3.0M$27.8M$37.9M$22.8M
Returns
ROE19.3%19.3%23.3%12.0%0.8%
Valuation
P/E12.6212.626.617.10101.70
EV/EBITDA6.566.564.193.908.88
P/B2.602.601.570.890.77
Growth & Yield
Revenue Growth6.6%6.6%17.6%33.0%—
EPS Growth-6.5%-6.5%144.6%1751.8%—
Dividend Yield1.6%1.6%———

Revenue, Net Income & Free Cash Flow ($B)

Margins (%)

Returns (%)

Leverage & Liquidity

Reverse DCF · market-implied EPS growthterminal P/E 15.0x · COE 10.0%

3Y implied EPS CAGR

4.4%

fácil

EPS terminal req.

$1.13

Spread vs growth

-10.8%

5Y implied EPS CAGR

6.6%

razonable

EPS terminal req.

$1.37

Spread vs growth

-13.0%

10Y implied EPS CAGR

8.3%

razonable

EPS terminal req.

$2.20

Spread vs growth

-14.7%

Qué te dice: cuánto EPS CAGR está descontando el precio si sales al múltiplo terminal indicado. Si el growth observado queda por debajo, el mercado está pidiendo una ejecución muy fina.

Return attribution · 1Y approxreconcilia total +40.6%

Total return

+40.6%

Start / end P/E

8.7x → 13.0x

EPS bridge

1.06 → 1.00

Residual

-3.1%

EPS growth-6.5%
Multiple rerating+48.6%
Dividend+1.6%
Residual / FX / buybacks / cross-term-3.1%

Simple additive decomposition: total return = EPS growth contribution + P/E multiple contribution + dividend contribution + explicit residual. The residual captures cross-terms, buybacks/share-count effects, FX, special dividends, data noise and methodology mismatch so the bridge always reconciles.