iVision Tech S.p.A. (IVN) fair value: what the stock is really worth
As of Nov 5, 2026: fair value (intrinsic value) of iVision Tech S.p.A. stock €0.22, price €1.23, that is 82.0% below the price, quality 34 out of 100. Rating: strongly overvalued. Calculated from audited financials with 15 of our 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 4, 2026.
How to read this chart
39‑month range €0.7400 – €2.68 · fair‑value band €0.1400 – €0.2800 · the €1.23 price screens above the €0.2200 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 4, 2026.
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iVision Tech S.p.A. designs and produces acetate eyeglass frames and sunglasses, and combination glasses in Italy. The company was incorporated in 2020 and is headquartered in Milan, Italy. iVision Tech S.p.A. operates as a subsidiary of Effe Group S.R.L.
Stock analysis
iVision Tech S.p.A. (IVN) currently trades at €1.23, while our model-based Fair Value estimate is €0.2200, 82% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of €1.44 per share, and 4 of the 15 models we run sit above the €1.23 price.
Bear case: the Earnings-Based group reads lowest at €0.1200, and 11 of the 15 models stay below the price. Data coverage for this calculation is low.
Scenario range: €0.1400 (bear) to €0.2800 (bull), the price of €1.23 sits above 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 34/100 (below-average quality), in the Consumer Cyclical sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
iVision Tech S.p.A. reported revenue of €19.3M in FY2025 versus €4.5M in FY2021, a compound +43.8%/yr. Reported net income was €28.5K in FY2025, compounding −22.0%/yr from FY2021.
Key figures
Market cap €10.8M Micro · P/E ratio 122.5 · P/S ratio 0.65 · EPS (TTM) €0.0100 · Net margin 0.3% · Return on equity 0.1% · Return on assets (EBIT) 1.9% · Operating margin 2.8%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 19 out of 100 (low confidence).
What moves the price
The share trades about 52% 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 31% fair-value upside, at −82%, IVN screens richer than that median.
Fair Value models
The price assumes far more growth than our models allow for, so the models scatter widely (€0.0600 to €3.25). Read the Fair Value as a cautious anchor, not a price target; the Growth Forecast section shows what the price assumes.
Bear€0.1400Fair Value €0.2200Bull€0.2800
Price €1.23 · Downside -82.0%
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 (€0.0085 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.58/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+25.3%
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.
+34.6%
’21
’22
’23
’24
’25
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.
−20.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year−20.1%
Dividend (yield on the price)0.0%
Profit margin 2021 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.0% → 6%
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.Footwear & Accessories · 93 stocks
Beats the industry median on 3/12 measures
Overall it trails its industry peers.
Valuation
Quality Score34 · Bottom 25%
Fair Value upside−82.0% · Bottom 25%
Profitability
Return on equity (12 months)0.1% · Below median
Return on assets0.1% · Below median
Net margin (12 months)0.3% · Below median
Operating margin (12 months)2.8% · Below median
Growth and dividend
Revenue growth (quarter YoY)11.7% · Top 25%
Balance sheet
Debt / equity0.72× · Highest 25%
Valuation Multiplesvs Footwear & Accessories median · lower = cheaper
P/E (12 months)122.5× · Priciest 25%
P/B1.08× · Cheaper than median
P/S (12 months)0.65× · Cheaper than median
EV/EBITDA17.8× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 48
FUTURE (revenue growth)59· sector 15
PAST (return on equity)0· sector 24
HEALTH (low debt)64· sector 96
DIVIDEND (yield)0· sector 64
VALUE 0: the price sits above our fair-value range.
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.
Is iVision Tech S.p.A. (IVN) overvalued or undervalued?
As of Nov 4, 2026, our model estimates a fair value of €0.2200 versus a price of €1.23, about 82% lower (overvalued).
What is the fair value of IVN?
Our model-based fair value for iVision Tech S.p.A. is €0.2200 (as of Nov 4, 2026), built from audited fundamentals. The current price: €1.23.
What is the quality score of IVN?
iVision Tech S.p.A. has a Quality Score of 34/100. 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 iVision Tech S.p.A. (IVN)?
Our model-based price target is the fair value of €0.2200 (as of Nov 4, 2026) from 15 valuation models. Cautious scenario €0.1400, optimistic scenario €0.2800. It is a calculation from audited fundamentals, not an analyst target.
What is the iVision Tech S.p.A. stock forecast for 2026?
Our models put fair value at €0.2200, about 82% lower versus a price of €1.23 (overvalued). Cautious scenario €0.1400, optimistic scenario €0.2800. The calculation is refreshed regularly with new filings.
What is the revenue of iVision Tech S.p.A. (IVN)?
iVision Tech S.p.A. reported trailing-twelve-month revenue of about €20.7M (latest available figure, as of Nov 4, 2026).
What is the intrinsic value of iVision Tech S.p.A. (IVN)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For iVision Tech S.p.A. it is €0.2200 per share (as of Nov 4, 2026), against a price of €1.23. It is the blended result of 15 valuation models (cash flow, earnings, asset, dividend).
Is iVision Tech S.p.A. stock overvalued or undervalued in 2026?
As of Nov 4, 2026, IVN trades above its calculated fair value: price €1.23, fair value €0.2200, a gap of about −82% (overvalued). 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 IVN?
No. The price is what the market pays today (€1.23); the fair value is what the company's own numbers justify (€0.2200). For iVision Tech S.p.A. the two are €1.01 per share apart. That gap is exactly why we show both numbers side by side.
How much is iVision Tech S.p.A. worth?
The market values iVision Tech S.p.A. at about €10.8M (market capitalisation, as of Nov 4, 2026). Per share that is €1.23; our models calculate a fair value of €0.2200 per share.
What do the bullish and bearish scenarios say about IVN?
Our models span a range for iVision Tech S.p.A.: cautious scenario €0.1400, base €0.2200, optimistic €0.2800 per share (as of Nov 4, 2026, price €1.23). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of IVN?
iVision Tech S.p.A. trades at a price-to-earnings ratio of 122.5 (as of Nov 4, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of €0.2200 is built from several models across several years. Other multiples: P/B 1.1, P/S 0.7, EV/EBITDA 17.8.
How solid is the balance sheet of iVision Tech S.p.A. (IVN)?
Balance-sheet figures for iVision Tech S.p.A. (as of Nov 4, 2026): return on equity 0.1%, debt of 0.72 per unit of equity. They feed the Quality Score of 34/100, which measures business quality independently of the share price.
How far is IVN from its 52-week high?
iVision Tech S.p.A. trades at €1.23, about 52% below its 52-week high of €2.54 and 2% above the low of €1.20 (as of Nov 5, 2026). Distance from the high says nothing about value: that is what the fair value of €0.2200 is for.
Which stocks are comparable to iVision Tech S.p.A.?
From the same area (Consumer Cyclical) we also value NIKE, Inc, adidas AG, On Holding, Deckers Outdoor Corporation, 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 iVision Tech S.p.A. stock attractive at the current price?
The data as of Nov 4, 2026: price €1.23, calculated fair value €0.2200 (−82%), Quality Score 34/100, from 15 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 IVN calculated?
We run iVision Tech S.p.A. through 15 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of €0.2200, 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 15.5% above its aggregate fair value. iVision Tech S.p.A. itself currently trades above fair value. 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 iVision Tech S.p.A. (IVN)?
The closing price on Nov 5, 2026 was €1.23. Our model-based fair value is €0.2200, about 82% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with iVision Tech S.p.A. right now?
The price sits above even our optimistic bull case (€0.2800). The favourable scenario is already priced in. Weak quality (34/100) and above fair value at the same time, the margin of safety is missing on both counts. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. A fairly wide model range (€0.1400 to €0.2800) leaves room in how you read the outcome.
Key figures of iVision Tech S.p.A.
How large is the market capitalisation of iVision Tech S.p.A. (IVN)?
The market capitalisation of iVision Tech S.p.A. is €10.8M. 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 iVision Tech S.p.A. (IVN)?
The price-to-sales ratio of iVision Tech S.p.A. is 0.65 (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 iVision Tech S.p.A. (IVN)?
Earnings per share at iVision Tech S.p.A. are €0.0100 (price ÷ EPS = P/E 122.5). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of iVision Tech S.p.A. (IVN)?
The net margin of iVision Tech S.p.A. is 0.3% (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 iVision Tech S.p.A. (IVN)?
The return on equity (ROE) of iVision Tech S.p.A. is 0.1% (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 iVision Tech S.p.A. (IVN)?
On an EBIT basis the return on assets of iVision Tech S.p.A. is 1.9% (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 iVision Tech S.p.A. (IVN)?
The operating margin of iVision Tech S.p.A. is 2.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at iVision Tech S.p.A. (IVN)?
Revenue at iVision Tech S.p.A. is growing +11.7% versus a year earlier (3y avg +34.6%). 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 iVision Tech S.p.A. (IVN)?
Earnings per share at iVision Tech S.p.A. are growing +110% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does iVision Tech S.p.A. (IVN) generate?
The free cash flow of iVision Tech S.p.A. is −€1.0M (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 iVision Tech S.p.A. (IVN) carry?
The net debt of iVision Tech S.p.A. is €8.6M (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 4, 2026