Italian Exhibition Group (IEG) Fair Value & Analysis
Communication Services · IT · Market cap €434M
Fair value as of: Jul 18, 2026
From 15 valuation models · updated 23 days ago
Share price +12.1% over the past month.
A solid business, screening 25% undervalued on our models.
What matters now
- Solid quality (55/100) at a price below fair value, the discount is the argument here, not the business quality.
- Our model range runs from €15.60 (bear) to €26.00 (bull), base €20.80. The closer the price sits to the lower half, the larger the margin of safety.
- Quality 55/100 (solid quality) with medium evidence: read the verdict with care.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 18, 2026.
How to read this chart
60‑month range €1.69 – €17.75 · fair‑value band €15.60 – €26.00 · the €16.70 price screens below the €20.80 fair value. Dashed = 300-day average. As of Jul 18, 2026.
Analysis
Italian Exhibition Group (IEG) currently trades at €16.70, while our model-based Fair Value estimate is €20.80, implying the stock looks roughly 24.6% undervalued today. The Quality Score stands at 55/100 (solid quality), in the Communication Services 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: medium), always confirm before acting.
Over the trailing twelve months, Italian Exhibition Group generated revenue of €268M at a net margin of 11.4%. Revenue grew 2.1% year over year. It earns a return on equity of 19.2%. Net debt stands at €31.8M. Fundamentals as of Jul 18, 2026
Our scenario range runs from €15.60 (bear case) to €26.00 (bull case); at €16.70, 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 126% above its 52-week low, currently above its 200-day average. For context, the median of 10 Communication Services peers we cover trades at -1% fair-value upside, at 25%, IEG 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 15 models by family
Widest divergence: Growth Earnings (€24.62) versus Asset-Based (€3.28). Highest evidence: Residual Income (76).
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 18, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 53 · Market factors (momentum, volatility) 92
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
Italian Exhibition Group S.p.A. organizes trade shows and conferences in Italy and internationally. It engages in the organization of trade fair events; reception of trade fairs and other events, such as planning, management, and provision of exhibition spaces; publishing; and sporting events.
Full company description
Italian Exhibition Group S.p.A. organizes trade shows and conferences in Italy and internationally. It engages in the organization of trade fair events; reception of trade fairs and other events, such as planning, management, and provision of exhibition spaces; publishing; and sporting events. The company also offers services related to trade fair and conference events, promotion, and management for congresses, conventions, exhibitions, cultural, entertainment, and leisure activities; catering, cleaning, and porterage services; and training courses. Italian Exhibition Group S.p.A. was incorporated in 2002 and is based in Rimini, Italy.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Italian Exhibition Group reported revenue of €266M in FY2025 versus €74.3M in FY2021, a compound +37.6%/yr. Reported net income was €28.9M in FY2025, compounding +104.9%/yr from FY2021.
Watch IEG: get an alert when its fair value changes →
Peer Group
Advertising Agencies · 199 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 Advertising Agencies 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.
Insider activity: 45/100
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 Advertising Agencies stocks, each showing price versus our Fair Value estimate (as of Jul 18, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| AppLovin Corporation APP | $506.98 | $181.37 | -64% |
| Publicis Groupe S.A PUB | €87.16 | €146.36 | +68% |
| Omnicom Group OMC | $80.75 | $99.84 | +24% |
| Focus Media Information Technology Co 002027 | ¥5.00 | ¥4.08 | -18% |
| The Trade Desk, Inc TTD | $19.37 | $20.76 | +7% |
| BlueFocus Intelligent Communications Group 300058 | ¥13.81 | ¥1.50 | -89% |
| JCDecaux SE DEC | €21.28 | €20.99 | -1% |
| WPP plc WPP | $18.13 | $18.56 | +2% |
| Easy Click Worldwide Network Technology Co 301171 | ¥28.85 | ¥5.62 | -81% |
| Mobvista Inc 1860 | HK$11.15 | HK$6.43 | -42% |
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Price, fair value, quality and upside side by side.
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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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