Italtile Ltd (ITE) fair value: what the stock is really worth
As of Nov 10, 2026: fair value (intrinsic value) of Italtile Ltd stock ZAR 17.20, price ZAR 7.73, upside +122.5%, quality 66 out of 100. Rating: strongly undervalued. Calculated from audited financials with 17 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 R7.60 – R17.35 · fair‑value band R12.54 – R23.10 · the R7.73 price screens below the R17.20 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 7, 2026.
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Italtile Limited manufactures, retails, and franchises tiles, bathroom ware, and related home-finishing products in South Africa, rest of Africa, and Australia.
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The company imports, distributes, and retails brassware and accessories, laminate and vinyl floor boards, bathroom furniture, shower enclosures, sanitaryware, décor, and other home finishing products; tiles, and bathware and related products; taps, shower enclosures, and bathroom furniture and accessories; and paint, ceiling décor, lighting, laminate flooring, window blinds, and tile adhesives.
It also manufactures and sells glazed porcelain floor tiles, ceramic wall and floor tiles, vitreous China sanitary ware, acrylic baths, adhesives, shower trays, grout, adhesives, paints, and related products. In addition, the company provides logistics and warehousing services.
It sells its products under the Italtile Retail, CTM, and TopT brands through retail stores and online. The company was incorporated in 1955 and is headquartered in Bryanston, South Africa. Italtile Limited operates as a subsidiary of Rallen Proprietary Limited.
Stock analysis
Italtile Ltd (ITE) currently trades at R7.73, while our model-based Fair Value estimate is R17.20, implying the stock looks roughly 55% undervalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of R25.07 per share, and 15 of the 17 models we run sit above the R7.73 price.
Bear case: the Economic Profit group reads lowest at R9.14, and 2 of the 17 models stay below the price. Data coverage for this calculation is low.
Scenario range: R12.54 (bear) to R23.10 (bull), the price of R7.73 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 66/100 (solid quality), in the Consumer Cyclical sector.
Mixed Growth: Spin-off in 2017: revenue and profit before it include the divested business. Growth is measured afresh from 2017.
Italtile Ltd reported revenue of 8.8B ZAR in FY2026 versus 9.0B ZAR in FY2022, a compound −0.6%/yr. Reported net income was 1.3B ZAR in FY2026, compounding −7.7%/yr from FY2022.
Key figures
Market cap 9.2B ZAR Small · P/E ratio 6.8 · P/S ratio 1.05 · EPS (TTM) R1.13 · Dividend yield 5.8% · Net margin 15.3% · Return on equity 17.2% · Return on assets (EBIT) 22.8% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 68 out of 100 (low confidence).
What moves the price
The share trades about 25% below its 52-week high and 2% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at −16% fair-value upside, at 123%, ITE screens cheaper than that median.
Fair Value models
BearR12.54Fair Value R17.20BullR23.10
Price R7.73 · Upside +122.5%
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 2026 figures (about 4 months old). Earnings retained since then (0.2441 ZAR 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.55/100
Spin-off in 2017: revenue and profit before it include the divested business. Growth is measured afresh from 2017.
Revenue growth 1 year
−1.2%
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.
−1.4%
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.
−0.8%
Start year 2021 (pandemic)
Revenue growth 9 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.
+10.2%
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What shareholders gained per year (last 5 years), in ZAR ⓘ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. Measured in ZAR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+1.6%
Earnings growth per share plus dividend.
Earnings per share, growth per year−4.2%
Dividend (yield on the price)5.8%
Per share before 2017divided by the spin-off factor 1.0251
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−4.2% vs 3.2%, slowing
Profit margin 2021 to 2026 ⓘ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.29% → 21%
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.Home Improvement Retail · 31 stocks
Beats the industry median on 10/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score66 · Top 25%
Fair Value upside+122.5% · Top 25%
Profitability
Return on equity (12 months)17.2% · Top 25%
Return on assets13.3% · Top 25%
Net margin (12 months)15.3% · Top 25%
Operating margin (12 months)20.7% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)−0.7% · Bottom 25%
Dividend yield (12 months)5.8% · Top 25%
Valuation Multiplesvs Home Improvement Retail 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). "Italtile Ltd Fair Value". https://www.fairvalue-calculator.com/stock/ITE
Frequently asked questions
Is Italtile Ltd (ITE) overvalued or undervalued?
As of Nov 7, 2026, our model estimates a fair value of R17.20 versus a price of R7.73, about +123% upside (undervalued).
What is the fair value of ITE?
Our model-based fair value for Italtile Ltd is R17.20 (as of Nov 7, 2026), built from audited fundamentals. The current price: R7.73.
What is the quality score of ITE?
Italtile Ltd has a Quality Score of 66/100. 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 Italtile Ltd (ITE)?
Our model-based price target is the fair value of R17.20 (as of Nov 7, 2026) from 17 valuation models. Cautious scenario R12.54, optimistic scenario R23.10. It is a calculation from audited fundamentals, not an analyst target.
What is the Italtile Ltd stock forecast for 2026?
Our models put fair value at R17.20, about +123% upside versus a price of R7.73 (undervalued). Cautious scenario R12.54, optimistic scenario R23.10. The calculation is refreshed regularly with new filings.
What is the revenue of Italtile Ltd (ITE)?
Italtile Ltd reported trailing-twelve-month revenue of about 8.8B ZAR (latest available figure, as of Nov 7, 2026).
Does Italtile Ltd pay a dividend?
Italtile Ltd currently shows a dividend yield of 5.82% relative to its recent price (as of Nov 7, 2026).
How much is the dividend of Italtile Ltd (ITE) and when is the ex-dividend date?
Italtile Ltd pays a dividend of R0.45 per share a year, a dividend yield of 5.8%. The last ex-dividend date was Sep 9, 2026. The payout ratio is 40.2% 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 Italtile Ltd (ITE)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Italtile Ltd it is R17.20 per share (as of Nov 7, 2026), against a price of R7.73. It is the blended result of 17 valuation models in 7 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings).
Is Italtile Ltd stock overvalued or undervalued in 2026?
As of Nov 7, 2026, ITE trades below its calculated fair value: price R7.73, fair value R17.20, a gap of about +123% (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 ITE?
No. The price is what the market pays today (R7.73); the fair value is what the company's own numbers justify (R17.20). For Italtile Ltd the two are R9.47 per share apart. That gap is exactly why we show both numbers side by side.
How much is Italtile Ltd worth?
The market values Italtile Ltd at about 9.2B ZAR (market capitalisation, as of Nov 7, 2026). Per share that is R7.73; our models calculate a fair value of R17.20 per share.
What do the bullish and bearish scenarios say about ITE?
Our models span a range for Italtile Ltd: cautious scenario R12.54, base R17.20, optimistic R23.10 per share (as of Nov 7, 2026, price R7.73). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of ITE?
Italtile Ltd trades at a price-to-earnings ratio of 6.8 (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 R17.20 is built from several models across several years. Median P/E at fiscal year-end, 10 fiscal years (2017 to 2026), reported earnings, FY2026 ex one-offs: 10.9. Other multiples: PEG 45.2, P/B 1.2, P/S 1.0, EV/EBITDA 3.3.
What is the PEG ratio of ITE?
The PEG ratio of Italtile Ltd is 45.21 (P/E divided by earnings growth, as of Nov 7, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Italtile Ltd (ITE)?
Balance-sheet figures for Italtile Ltd (as of Nov 7, 2026): return on equity 17.2%. They feed the Quality Score of 66/100, which measures business quality independently of the share price.
How far is ITE from its 52-week high?
Italtile Ltd trades at R7.73, about 25% below its 52-week high of R10.35 and 2% above the low of R7.60 (as of Nov 10, 2026). Distance from the high says nothing about value: that is what the fair value of R17.20 is for.
Which stocks are comparable to Italtile Ltd?
From the same area (Consumer Cyclical) we also value The Home Depot, Inc, Lowe's Companies, Inc, Wesfarmers Limited, Floor & Decor Holdings, 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 Italtile Ltd stock attractive at the current price?
The data as of Nov 7, 2026: price R7.73, calculated fair value R17.20 (+123%), Quality Score 66/100, from 17 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 ITE calculated?
We run Italtile Ltd through 17 models from 7 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of R17.20 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 13.7% above its aggregate fair value. Italtile Ltd currently trades 55% 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 Italtile Ltd (ITE)?
The closing price on Nov 10, 2026 was R7.73. Our model-based fair value is R17.20, about +123% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Italtile Ltd right now?
The price is below even our cautious bear case (R12.54). The market is more pessimistic than our downside scenario. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid quality (66/100) at a price below fair value, the discount is the argument here, not the business quality. A fairly wide model range (R12.54 to R23.10) leaves room in how you read the outcome.
Where does the earnings growth of Italtile Ltd (ITE) come from?
Earnings per share at Italtile Ltd grew +4.3 % a year from 2015 to 2026. Broken into its drivers: revenue per share +8.5 %, EBIT margin −3.9 %, tax rate −0.2 %, residual (interest, one-offs) +0.3 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Italtile Ltd
How large is the market capitalisation of Italtile Ltd (ITE)?
The market capitalisation of Italtile Ltd is 9.2B ZAR. 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 Italtile Ltd (ITE)?
The price-to-sales ratio of Italtile Ltd is 1.05 (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 Italtile Ltd (ITE)?
Earnings per share at Italtile Ltd are R1.13 (price ÷ EPS = P/E 6.8). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Italtile Ltd (ITE)?
The dividend yield of Italtile Ltd is 5.8% (payout 39.8%). 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 Italtile Ltd (ITE)?
The net margin of Italtile Ltd is 15.3% (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 Italtile Ltd (ITE)?
The return on equity (ROE) of Italtile Ltd is 17.2% (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 Italtile Ltd (ITE)?
On an EBIT basis the return on assets of Italtile Ltd is 22.8% (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 Italtile Ltd (ITE)?
The operating margin of Italtile Ltd is 20.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Italtile Ltd (ITE)?
Revenue at Italtile Ltd is growing −0.7% versus a year earlier (3y avg −1.4%). 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 Italtile Ltd (ITE)?
Earnings per share at Italtile Ltd are growing −5.2% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Italtile Ltd (ITE) generate?
The free cash flow of Italtile Ltd is −180M ZAR (fiscal year 2026). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net cash does Italtile Ltd (ITE) hold?
Italtile Ltd holds more cash than debt, 769M ZAR net (fiscal year 2026). The company holds more cash than debt, a safety cushion.
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Thin data
Nov 7, 2026