IRCE S.p.A (IRC) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of IRCE S.p.A stock €3.71, price €2.13, upside +74.2%, quality 46 out of 100. Rating: strongly undervalued. Calculated from audited financials with 14 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 7, 2026.
How to read this chart
60‑month range €1.64 – €3.01 · fair‑value band €2.60 – €3.85 · the €2.13 price screens below the €3.71 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 7, 2026.
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IRCE S.p.A. engages in the winding conductors and electrical cables sector in Italy, the European Union, and the rest of European Union.
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The company offers winding conductors, such as enameled copper and aluminum wires, and copper and aluminum strips for electric motor and generator, transformer, inductor, and relay applications.
It also provides low and medium voltage cables for construction of electrical systems in civil and industrial buildings, as well as power supply and wiring of electrical equipment; and CPR cables. The company was founded in 1947 and is headquartered in Imola, Italy.
IRCE S.p.A. operates as a subsidiary of Aequafin S.p.A.
Stock analysis
IRCE S.p.A (IRC) currently trades at €2.13, while our model-based Fair Value estimate is €3.71, implying the stock looks roughly 43% undervalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of €4.18 per share, and 9 of the 14 models we run sit above the €2.13 price.
Bear case: the Dividend Discount group reads lowest at €0.4250, and 5 of the 14 models stay below the price. Data coverage for this calculation is medium.
Scenario range: €2.60 (bear) to €3.85 (bull), the price of €2.13 sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 46/100 (below-average quality), in the Industrials sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
IRCE S.p.A reported revenue of €378M in FY2025 versus €457M in FY2021, a compound −4.7%/yr. Reported net income was €6.2M in FY2025, compounding −9.9%/yr from FY2021.
Key figures
Market cap €56.3M Micro · P/E ratio 5.8 · P/S ratio 0.14 · EPS (TTM) €0.3700 · Dividend yield 2.8% · Net margin 2.4% · Return on equity 6.1% · Return on assets (EBIT) 5.1% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 33 out of 100 (medium confidence).
What moves the price
The share trades about 12% below its 52-week high and 16% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −36% fair-value upside, at 74%, IRC screens cheaper than that median.
Fair Value models
Bear€2.60Fair Value €3.71Bull€3.85
Price €2.13 · Upside +74.2%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (€0.2658 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.31/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
−5.0%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−6.0%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+5.0%
Start year 2020 (pandemic). Over 10 years: +0.8% a year
Revenue growth 25 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−24.1%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
+20.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year+17.9%
Dividend (yield on the price)2.8%
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.1% → 3%
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Electrical Equipment & Parts · 564 stocks
Beats the industry median on 8/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score46 · Below median
Fair Value upside+74.2% · Top 25%
Profitability
Return on equity (12 months)6.1% · Below median
Return on assets2.2% · Below median
Net margin (12 months)2.4% · Below median
Operating margin (12 months)6.9% · Above median
Growth and dividend
Revenue growth (quarter YoY)15.8% · Above median
Dividend yield (12 months)2.8% · Top 25%
Balance sheet
Debt / equity0.25× · Highest 25%
Valuation Multiplesvs Electrical Equipment & Parts median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "IRCE S.p.A Fair Value". https://www.fairvalue-calculator.com/stock/IRC.MI
Frequently asked questions
Is IRCE S.p.A (IRC) overvalued or undervalued?
As of Nov 7, 2026, our model estimates a fair value of €3.71 versus a price of €2.13, about +74% upside (undervalued).
What is the fair value of IRC?
Our model-based fair value for IRCE S.p.A is €3.71 (as of Nov 7, 2026), built from audited fundamentals. The current price: €2.13.
What is the quality score of IRC?
IRCE S.p.A has a Quality Score of 46/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for IRCE S.p.A (IRC)?
Our model-based price target is the fair value of €3.71 (as of Nov 7, 2026) from 14 valuation models. Cautious scenario €2.60, optimistic scenario €3.85. It is a calculation from audited fundamentals, not an analyst target.
What is the IRCE S.p.A stock forecast for 2026?
Our models put fair value at €3.71, about +74% upside versus a price of €2.13 (undervalued). Cautious scenario €2.60, optimistic scenario €3.85. The calculation is refreshed regularly with new filings.
What is the revenue of IRCE S.p.A (IRC)?
IRCE S.p.A reported trailing-twelve-month revenue of about €399M (latest available figure, as of Nov 7, 2026).
Does IRCE S.p.A pay a dividend?
IRCE S.p.A currently shows a dividend yield of 2.82% relative to its recent price (as of Nov 7, 2026).
How much is the dividend of IRCE S.p.A (IRC) and when is the ex-dividend date?
IRCE S.p.A pays a dividend of €0.06 per share a year, a dividend yield of 2.8%. The last ex-dividend date was May 18, 2026. A dividend has been paid every year since 2005. The payout ratio is 16.2% of earnings. Our assessment: Watch coverage. The dividend isn’t fully covered by free cash flow or earnings, part of it is funded from reserves or debt. Fine for now, but worth watching: if it stays uncovered, the dividend could be cut.
What is the intrinsic value of IRCE S.p.A (IRC)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For IRCE S.p.A it is €3.71 per share (as of Nov 7, 2026), against a price of €2.13. It is the blended result of 14 valuation models in 6 families (Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings).
Is IRCE S.p.A stock overvalued or undervalued in 2026?
As of Nov 7, 2026, IRC trades below its calculated fair value: price €2.13, fair value €3.71, a gap of about +74% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of IRC?
No. The price is what the market pays today (€2.13); the fair value is what the company's own numbers justify (€3.71). For IRCE S.p.A the two are €1.58 per share apart. That gap is exactly why we show both numbers side by side.
How much is IRCE S.p.A worth?
The market values IRCE S.p.A at about €56.3M (market capitalisation, as of Nov 7, 2026). Per share that is €2.13; our models calculate a fair value of €3.71 per share.
What do the bullish and bearish scenarios say about IRC?
Our models span a range for IRCE S.p.A: cautious scenario €2.60, base €3.71, optimistic €3.85 per share (as of Nov 7, 2026, price €2.13). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of IRC?
IRCE S.p.A trades at a price-to-earnings ratio of 5.8 (as of Nov 7, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of €3.71 is built from several models across several years. Median P/E at fiscal year-end, 9 fiscal years (2017 to 2025), reported earnings, FY2025 ex one-offs: 8.6. Other multiples: P/B 0.4, P/S 0.1, EV/EBITDA 3.2.
How solid is the balance sheet of IRCE S.p.A (IRC)?
Balance-sheet figures for IRCE S.p.A (as of Nov 7, 2026): return on equity 6.1%, debt of 0.25 per unit of equity. They feed the Quality Score of 46/100, which measures business quality independently of the share price.
How far is IRC from its 52-week high?
IRCE S.p.A trades at €2.13, about 12% below its 52-week high of €2.43 and 16% above the low of €1.84 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of €3.71 is for.
Which stocks are comparable to IRCE S.p.A?
From the same area (Industrials) we also value Contemporary Amperex Technology Co, ABB Ltd, Vertiv Holdings, Delta Electronics (Thailand) Public Company, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is IRCE S.p.A stock attractive at the current price?
The data as of Nov 7, 2026: price €2.13, calculated fair value €3.71 (+74%), Quality Score 46/100, from 14 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of IRC calculated?
We run IRCE S.p.A through 14 models from 6 families: Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of €3.71 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.3% above its aggregate fair value. IRCE S.p.A currently trades 43% below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of IRCE S.p.A (IRC)?
The closing price on Nov 6, 2026 was €2.13. Our model-based fair value is €3.71, about +74% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with IRCE S.p.A right now?
The large discount to fair value meets weak quality (46/100). That raises the risk this is a value trap rather than a bargain. The price is below even our cautious bear case (€2.60). The market is more pessimistic than our downside scenario.
Key figures of IRCE S.p.A
How large is the market capitalisation of IRCE S.p.A (IRC)?
The market capitalisation of IRCE S.p.A is €56.3M. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of IRCE S.p.A (IRC)?
The price-to-sales ratio of IRCE S.p.A is 0.14 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of IRCE S.p.A (IRC)?
Earnings per share at IRCE S.p.A are €0.3700 (price ÷ EPS = P/E 5.8). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of IRCE S.p.A (IRC)?
The dividend yield of IRCE S.p.A is 2.8% (payout 16.2%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of IRCE S.p.A (IRC)?
The net margin of IRCE S.p.A is 2.4% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of IRCE S.p.A (IRC)?
The return on equity (ROE) of IRCE S.p.A is 6.1% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of IRCE S.p.A (IRC)?
On an EBIT basis the return on assets of IRCE S.p.A is 5.1% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of IRCE S.p.A (IRC)?
The operating margin of IRCE S.p.A is 6.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at IRCE S.p.A (IRC)?
Revenue at IRCE S.p.A is growing +15.8% versus a year earlier (3y avg −6.0%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at IRCE S.p.A (IRC)?
Earnings per share at IRCE S.p.A are growing +86.7% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does IRCE S.p.A (IRC) generate?
The free cash flow of IRCE S.p.A is −€20.0M (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does IRCE S.p.A (IRC) carry?
The net debt of IRCE S.p.A is €67.6M (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Nov 7, 2026