Industrie Chimiche Forestali S.p.A (ICF) Fair Value & Analysis
Basic Materials · IT · Market cap €34.8M
Fair value as of: Jul 16, 2026
From 24 valuation models · updated 25 days ago
Fair value updated Jul 16, 2026, revised from €10.52 to €8.12 (−22.8%) since Jun 24, 2026. Share price +3.2% over the past month.
A solid business, screening 26% undervalued on our models.
What matters now
- Solid quality (68/100) at a price below fair value, the discount is the argument here, not the business quality.
- Our model range runs from €6.09 (bear) to €10.15 (bull), base €8.12. The closer the price sits to the lower half, the larger the margin of safety.
- Quality 68/100 (solid quality) with high evidence: the data supports the verdict.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 16, 2026.
How to read this chart
60‑month range €3.69 – €6.45 · fair‑value band €6.09 – €10.15 · the €6.45 price screens below the €8.12 fair value. Dashed = 300-day average. As of Jul 16, 2026.
Analysis
Industrie Chimiche Forestali S.p.A (ICF) currently trades at €6.45, while our model-based Fair Value estimate is €8.12, implying the stock looks roughly 25.9% undervalued today. The Quality Score stands at 68/100 (solid quality), in the Basic Materials sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.
Over the trailing twelve months, Industrie Chimiche Forestali S.p.A generated revenue of €73.3M at a net margin of 3.7%. Revenue grew 1.1% year over year. It earns a return on equity of 3.5%. The stock trades on a trailing P/E of 13.4. Fundamentals as of Jul 16, 2026
Our scenario range runs from €6.09 (bear case) to €10.15 (bull case); at €6.45, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades near its 52-week high and 22% above its 52-week low, currently above its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -58% fair-value upside, at 26%, ICF screens cheaper than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.
All 24 models by family
Widest divergence: Growth DCF (€10.97) versus Dividend Discount (€1.55). Highest evidence: Growth DCF (80).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 16, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 66 · Market factors (momentum, volatility) 70
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
About the company
Industrie Chimiche Forestali S.p.A. produces and sells adhesives, impregnated fabrics, and extruded fabrics in Italy, CEE, and rest of European Union. Its products are used for gloss lamination, leather goods, upholstered, automotive, staple cement, footwear, furniture, packaging, and boating applications.
Full company description
Industrie Chimiche Forestali S.p.A. produces and sells adhesives, impregnated fabrics, and extruded fabrics in Italy, CEE, and rest of European Union. Its products are used for gloss lamination, leather goods, upholstered, automotive, staple cement, footwear, furniture, packaging, and boating applications. The company sells its products under the Industrie Chimiche Forestali, ABC - Adhesive Based Chemicals, Durabond, Morel, and Tessitura Langè brands. The company was formerly known as Forestali S.r.l. and changed its name to Industrie Chimiche Forestali S.p.A. in October 2006. Industrie Chimiche Forestali S.p.A. was founded in 1918 and is headquartered in Milan, Italy.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Industrie Chimiche Forestali S.p.A reported revenue of €72.6M in FY2025 versus €75.7M in FY2021, a compound −1.0%/yr. Reported net income was €2.7M in FY2025, compounding +4.3%/yr from FY2021.
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Peer Group
Specialty Chemicals · 673 stocks
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.
Valuation Multiples vs Specialty Chemicals median · lower = cheaper
Snowflake
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Specialty Chemicals stocks, each showing price versus our Fair Value estimate (as of Jul 16, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Linde plc LIN | $489.98 | $222.03 | -55% |
| Nan Ya Plastics Corporation 1303 | 181.50 TWD | 255.83 TWD | +41% |
| Wanhua Chemical Group 600309 | ¥70.04 | ¥68.03 | -3% |
| Novozymes A/S NSISB | kr 428.20 | kr 179.66 | -58% |
| Asian Paints Limited ASIANPAINT | ₹2,689 | ₹668.81 | -75% |
| Solar Industries India Limited SOLARINDS | ₹18,236 | ₹2,793 | -85% |
| Pidilite Industries Limited PIDILITIND | ₹1,560 | ₹351.84 | -77% |
| PT Chandra Asri Pacific Tbk TPIA | 1,805 IDR | 2,888 IDR | +60% |
| Linde India Limited LINDEINDIA | ₹7,115 | ₹757.93 | -89% |
| Berger Paints India Limited BERGEPAINT | ₹493.70 | ₹164.29 | -67% |
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Frequently asked questions
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.
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