Iberpapel Gestion SA (IBG) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Iberpapel Gestion SA stock €25.60, price €16.00, upside +60.0%, quality 55 out of 100. Rating: strongly undervalued. Calculated from audited financials with 21 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 6, 2026.
How to read this chart
60‑month range €10.17 – €21.14 · fair‑value band €21.84 – €28.50 · the €16.00 price screens below the €25.60 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 6, 2026.
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Iberpapel Gestión, S.A., together with its subsidiaries, engages in the manufacture and marketing of printing and writing paper in Spain, rest of the European Union, South America, Africa, and internationally. It operates through three divisions: Forestry, Industrial, and Commercial.
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The company offers paper for folders, dossiers, multi-function reprographics, laser paper, wrapping, transfer paper, publishing, adding machine rolls, and sundry applications; thermal support face; label face, bags, and information leaflets; white kraft paper for construction, food complexes, packaging, and other markets; and specialty laser, thermal support, water barrier, and greaseproof packaging paper products, as well as low grammage silicone coating support products.
It also generates 10 MW of electricity through 20 MW biomass turbine; and 50 MW of power through gas cogeneration. In addition, the company owns forestry assets. Further, it is involved in the reforestation and forestry operations; manufacture of cellulose fibre; and sale of timber.
The company was founded in 1935 and is headquartered in San Sebastián, Spain.
Stock analysis
Iberpapel Gestion SA (IBG) currently trades at €16.00, while our model-based Fair Value estimate is €25.60, implying the stock looks roughly 38% undervalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of €19.22 per share, and 13 of the 21 models we run sit above the €16.00 price.
Bear case: the Earnings-Based group reads lowest at €5.39, and 8 of the 21 models stay below the price. Data coverage for this calculation is medium.
Scenario range: €21.84 (bear) to €28.50 (bull), the price of €16.00 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 55/100 (solid quality), in the Basic Materials sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Iberpapel Gestion SA reported revenue of €217M in FY2025 versus €237M in FY2021, a compound −2.2%/yr. Reported net income was €6.1M in FY2025, compounding −10.1%/yr from FY2021.
Key figures
Market cap €174M Micro · P/E ratio 800.0 · P/S ratio 0.81 · EPS (TTM) €0.0200 · Dividend yield 5.3% · Net margin 0.0% · Return on equity 0.0% · Return on assets (EBIT) 5.0% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 24 out of 100 (low confidence).
What moves the price
The share trades about 24% below its 52-week high and at its 52-week low, currently below its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at 22% fair-value upside, at 60%, IBG screens cheaper than that median.
Fair Value models
Bear€21.84Fair Value €25.60Bull€28.50
Price €16.00 · Upside +60.0%
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.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.
Best data coverage
FCF DCF€16.93€18.33€20.7382
Growth DCF€17.06€18.38€20.4680
Owner Earnings€13.96€14.66€15.8478
All 21 models by family
DCF Models
FCF DCF€16.93€18.33€20.7382
Owner Earnings€13.96€14.66€15.8478
5Y Revenue Exit€17.28€19.89€23.7574
5Y EBITDA Exit€16.68€18.86€21.8177
5Y P/E Exit€17.06€19.51€22.5072
10Y Revenue Exit€16.94€18.78€20.7868
10Y EBITDA Exit€16.76€18.22€19.7770
10Y P/E Exit€16.96€18.57€20.1365
Earnings-Based
Graham-Dodd€3.78€5.39€6.3367
Dividend Discount
Gordon GGM€6.46€7.03€7.7469
DDM Multi-Stage€6.46€7.69€9.0767
Multiples
P/E Multiple€7.09€9.45€11.8263
P/S Multiple€7.09€9.45€11.8258
P/B Multiple€15.68€20.91€26.1355
EV/EBITDA€16.77€18.86€20.9467
EV/Revenue€17.59€20.62€23.6554
Asset-Based
NCAV (Graham)€8.82€13.36€16.7054
Growth DCF
Growth DCF€17.06€18.38€20.4680
Rev-Margin DCF€17.28€20.05€23.5274
Economic Profit
Residual Income€17.32€18.15€19.4076
Growth Earnings
Growth-Adj P/E€5.05€7.22€9.3867
The fair value above starts from this blend and is adjusted for a cyclical trough year.
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.40/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
−9.0%
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.
−9.8%
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.
+7.2%
Start year 2020 (pandemic). Over 10 years: −0.1% 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.
−16.5%
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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.
−3.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year−8.3%
Dividend (yield on the price)5.3%
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.−8.3% vs −9.4%, steady
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.5% → −3%
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
−4.1%
The company could shrink this much every year for the next five years and today's price would still be justified.
What forecasts expect
n/a
No analyst forecast available.
After inflation (euro area: IMF forecast 2.2% a year to 2030, 2.6% from 2016 to 2025) that is about −6.1% a year for the price.
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.Paper & Paper Products · 116 stocks
Beats the industry median on 6/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score55 · Above median
Fair Value upside+60.0% · Top 25%
Profitability
Return on equity (12 months)0.0% · Bottom 25%
Return on assets1.6% · Below median
Net margin (12 months)0.0% · Bottom 25%
Operating margin (12 months)−1.9% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)19.7% · Top 25%
Dividend yield (12 months)5.3% · Top 25%
Balance sheet
Debt / equity0.02× · Lowest 25%
Valuation Multiplesvs Paper & Paper Products median · lower = cheaper
P/E (12 months)800.0× · Priciest 25%
P/B0.53× · Cheaper than median
P/S (12 months)0.81× · Pricier than median
Price / free cash flow (fiscal year)20.6× · Pricier than median
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). "Iberpapel Gestion SA Fair Value". https://www.fairvalue-calculator.com/stock/IBG
Frequently asked questions
Is Iberpapel Gestion SA (IBG) overvalued or undervalued?
As of Nov 6, 2026, our model estimates a fair value of €25.60 versus a price of €16.00, about +60% upside (undervalued).
What is the fair value of IBG?
Our model-based fair value for Iberpapel Gestion SA is €25.60 (as of Nov 6, 2026), built from audited fundamentals. The current price: €16.00.
What is the quality score of IBG?
Iberpapel Gestion SA has a Quality Score of 55/100. 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 Iberpapel Gestion SA (IBG)?
Our model-based price target is the fair value of €25.60 (as of Nov 6, 2026) from 21 valuation models. Cautious scenario €21.84, optimistic scenario €28.50. It is a calculation from audited fundamentals, not an analyst target.
What is the Iberpapel Gestion SA stock forecast for 2026?
Our models put fair value at €25.60, about +60% upside versus a price of €16.00 (undervalued). Cautious scenario €21.84, optimistic scenario €28.50. The calculation is refreshed regularly with new filings.
What is the revenue of Iberpapel Gestion SA (IBG)?
Iberpapel Gestion SA reported trailing-twelve-month revenue of about €214M (latest available figure, as of Nov 6, 2026).
Does Iberpapel Gestion SA pay a dividend?
Iberpapel Gestion SA currently shows a dividend yield of 5.30% relative to its recent price (as of Nov 6, 2026).
How much is the dividend of Iberpapel Gestion SA (IBG) and when is the ex-dividend date?
Iberpapel Gestion SA pays a dividend of €0.848 per share a year, a dividend yield of 5.3%. The last ex-dividend date was Jun 5, 2026. A dividend has been paid every year since at least 1998. Free cash flow covers the dividend 0.92 times. Our assessment: Payout strained. The dividend exceeds reported earnings (though reported profit is often depressed by one-off charges), and free cash flow only just covers it (or coverage is unknown). Not an emergency, but little room for error.
What growth is priced into Iberpapel Gestion SA (IBG)?
For today's price to be fair in a discounted-cash-flow model, Iberpapel Gestion SA would have to grow free cash flow by -4.1 % per year for five years (discount rate 12.6 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +7.2 % per year. As of Nov 6, 2026.
What discount rate (WACC) does the fair value of IBG use?
Our models discount Iberpapel Gestion SA at 12.6 %: a base by market capitalisation (micro), damped by beta 0.46, country premium for Spain. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Iberpapel Gestion SA that is -4.1 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (12.6 %) and the same formula as our fair value.
How much growth has Iberpapel Gestion SA (IBG) delivered so far?
Over the past 5 years revenue at Iberpapel Gestion SA grew +7.2 % a year. The price currently implies free-cash-flow growth of -4.1 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Iberpapel Gestion SA (IBG) growing?
The median revenue growth in the sector is +9.8 % a year. That is the yardstick for the growth priced into Iberpapel Gestion SA (-4.1 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Iberpapel Gestion SA (IBG)?
The free-cash-flow yield on the price is 4.86 %: that much free cash flow Iberpapel Gestion SA produces per unit of market value. When it exceeds the discount rate of our models (12.6 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Iberpapel Gestion SA (IBG)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Iberpapel Gestion SA it is €25.60 per share (as of Nov 6, 2026), against a price of €16.00. It is the blended result of 21 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Iberpapel Gestion SA stock overvalued or undervalued in 2026?
As of Nov 6, 2026, IBG trades below its calculated fair value: price €16.00, fair value €25.60, a gap of about +60% (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 IBG?
No. The price is what the market pays today (€16.00); the fair value is what the company's own numbers justify (€25.60). For Iberpapel Gestion SA the two are €9.60 per share apart. That gap is exactly why we show both numbers side by side.
How much is Iberpapel Gestion SA worth?
The market values Iberpapel Gestion SA at about €174M (market capitalisation, as of Nov 6, 2026). Per share that is €16.00; our models calculate a fair value of €25.60 per share.
What do the bullish and bearish scenarios say about IBG?
Our models span a range for Iberpapel Gestion SA: cautious scenario €21.84, base €25.60, optimistic €28.50 per share (as of Nov 6, 2026, price €16.00). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Iberpapel Gestion SA (IBG)?
Balance-sheet figures for Iberpapel Gestion SA (as of Nov 6, 2026): return on equity 0.0%, debt of 0.02 per unit of equity. They feed the Quality Score of 55/100, which measures business quality independently of the share price.
How far is IBG from its 52-week high?
Iberpapel Gestion SA trades at €16.00, about 24% below its 52-week high of €21.14 and at the low of €16.00 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of €25.60 is for.
Which stocks are comparable to Iberpapel Gestion SA?
From the same area (Basic Materials) we also value UPM-Kymmene Oyj, Suzano S.A, Shandong Sunpaper Co, Nine Dragons Paper (Holdings) Limited, 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 Iberpapel Gestion SA stock attractive at the current price?
The data as of Nov 6, 2026: price €16.00, calculated fair value €25.60 (+60%), Quality Score 55/100, from 21 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 IBG calculated?
We run Iberpapel Gestion SA through 21 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of €25.60 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. Iberpapel Gestion SA currently trades 38% 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 Iberpapel Gestion SA (IBG)?
The closing price on Nov 6, 2026 was €16.00. Our model-based fair value is €25.60, about +60% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Iberpapel Gestion SA right now?
The price is below even our cautious bear case (€21.84). The market is more pessimistic than our downside scenario. Solid quality (55/100) at a price below fair value, the discount is the argument here, not the business quality.
Where does the earnings growth of Iberpapel Gestion SA (IBG) come from?
Earnings per share at Iberpapel Gestion SA grew +10.6 % a year from 2014 to 2025. Broken into its drivers: revenue per share +2.1 %, EBIT margin +9.0 %, tax rate +1.4 %, residual (interest, one-offs) −2.1 %. 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 Iberpapel Gestion SA
How large is the market capitalisation of Iberpapel Gestion SA (IBG)?
The market capitalisation of Iberpapel Gestion SA is €174M. 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/E ratio of Iberpapel Gestion SA (IBG)?
The price-to-earnings ratio of Iberpapel Gestion SA is 800.0 (· median at FY-end 13.2 (8 FY)). Price to earnings: how many years of current profit you pay for the stock. A P/E of 10 means ten years of profit.
What is the P/S ratio of Iberpapel Gestion SA (IBG)?
The price-to-sales ratio of Iberpapel Gestion SA is 0.81 (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 Iberpapel Gestion SA (IBG)?
Earnings per share at Iberpapel Gestion SA are €0.0200 (price ÷ EPS = P/E 800.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Iberpapel Gestion SA (IBG)?
The dividend yield of Iberpapel Gestion SA is 5.3%. 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 Iberpapel Gestion SA (IBG)?
The net margin of Iberpapel Gestion SA is 0.0% (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 Iberpapel Gestion SA (IBG)?
The return on equity (ROE) of Iberpapel Gestion SA is 0.0% (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 Iberpapel Gestion SA (IBG)?
On an EBIT basis the return on assets of Iberpapel Gestion SA is 5.0% (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 Iberpapel Gestion SA (IBG)?
The operating margin of Iberpapel Gestion SA is −1.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Iberpapel Gestion SA (IBG)?
Revenue at Iberpapel Gestion SA is growing +19.7% versus a year earlier (3y avg −9.8%). 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 Iberpapel Gestion SA (IBG)?
Earnings per share at Iberpapel Gestion SA are growing −90.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Iberpapel Gestion SA (IBG) hold?
Iberpapel Gestion SA holds more cash than debt, €115M net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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Some data
Nov 6, 2026