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Iflex Flexible Packaging, S.A. (IFLEX) Fair Value & Analysis

Consumer Cyclical · ES · Market cap €18.1M · ISIN ES0105684007

IF Iflex Flexible Packaging, S.A. IFLEX · MC
Price€1.62
Fair Value€0.9400
Upside-42.0%
Quality63/100
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Strengths

Low debt · generates free cash flow

Risks

!Trades 72% ABOVE our fair value of €0.9400
!Mixed Growth (revenue 3y +16.0 %/yr)
!Thin margins · 0.0% net margin
!Trails peers (3/13)
Mixed Growth (revenue 3y +16.0 %/yr)
Thin margins · 0.0% net margin
Low debt · generates free cash flow
Trails peers (3/13)
Moderate moat 60/100
Evidence: Medium Range €0.5000 – €1.60 Share as image

Fair value as of: Aug 27, 2026

From 24 valuation models · updated 3 days ago

Fair value updated Aug 27, 2026, revised from €1.05 to €0.9400 (−10.5%) since Aug 13, 2026. Share price +1.9% over the past month.

A solid business, but trading 72% above our fair value.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

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What matters now

  • The model range is unusually wide (€0.5000 to €1.60). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • Solid but not exceptional quality (63/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (23 months)

€1.92 €1.48 Fair Value €0.9400 Oct 2024 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 27, 2026.

How to read this chart

23‑month range €1.48 – €1.92 · fair‑value band €0.5000 – €1.60 · the €1.62 price screens above the €0.9400 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 27, 2026.

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Analysis

Iflex Flexible Packaging, S.A. (IFLEX) currently trades at €1.62, while our model-based Fair Value estimate is €0.9400, implying the stock looks roughly 42.0% overvalued today. The Quality Score stands at 63/100 (solid quality), in the Consumer Cyclical sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: medium).

Net debt stands at €2.8M. The stock trades on a trailing P/E of 16.2. Fundamentals as of Aug 27, 2026

Our scenario range runs from €0.5000 (bear case) to €1.60 (bull case); at €1.62, the current price sits above 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 about 16% below its 52-week high and 7% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -39% fair-value upside, at -42%, IFLEX screens richer 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.

Model 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. Evidence
Highest evidence
Growth DCF €0.2300 €0.3700 €0.5200 80
Residual Income €0.4000 €0.5300 €1.40 76
Rev-Margin DCF €0.5200 €0.9700 €1.50 74
All 24 models by family
DCF Models
FCF DCF €0.2300 €0.3900 €0.5800 38
Owner Earnings €0.1600 €0.2900 €0.4500 31
5Y Revenue Exit €0.5200 €0.9800 €1.58 39
5Y EBITDA Exit €0.6200 €1.17 €1.82 41
5Y P/E Exit €0.5200 €0.9900 €1.48 38
10Y Revenue Exit €0.3600 €0.7100 €1.20 36
10Y EBITDA Exit €0.4400 €0.8300 €1.35 37
10Y P/E Exit €0.3900 €0.7200 €1.13 35
Earnings-Based
Graham-Dodd €0.5300 €1.75 €2.34 54
Lynch FV €0.3900 €0.5600 €0.7300 50
PEG = 1.0 €0.3900 €0.5600 €0.7300 46
EPV €0.4400 €0.5000 €0.5600 59
Multiples
P/E Multiple €1.00 €1.33 €1.66 63
P/S Multiple €1.00 €1.33 €1.66 58
P/B Multiple €0.8800 €1.17 €1.47 55
EV/EBIT €0.9300 €1.28 €1.64 53
EV/EBITDA €1.05 €1.45 €1.85 54
EV/Revenue €0.7900 €1.18 €1.58 43
Asset-Based
NCAV (Graham) €0.2000 €0.2600 €0.3900 50
Growth DCF
Growth DCF €0.2300 €0.3700 €0.5200 80
Rev-Margin DCF €0.5200 €0.9700 €1.50 74
Economic Profit
Residual Income €0.4000 €0.5300 €1.40 76
ROIC Compounder €0.4400 €0.5500 €0.6600 72
Growth Earnings
Growth-Adj P/E €0.8600 €1.23 €1.60 68

Widest divergence: Multiples (€1.28) versus Asset-Based (€0.2600). Highest evidence: Growth DCF (80).

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Key figures & financial health

P/E ratio 16.2
P/S ratio 0.96 P/E × margin
EPS (TTM) €0.1000 price ÷ EPS = P/E 16.2
Net margin 5.9% FY2024
Return on assets (EBIT) 10.1% avg 4y
Free cash flow €481K FY2024
More key figures
Balance sheet & cash flow
Net debt €2.8M FY2024 · ≈ 5.8 yrs of FCF

Figures from reported company fundamentals · as of Aug 27, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 63/100

Of which business quality 61 · Market factors (momentum, volatility) 50

Profitability 73
Margins and returns on capital today
Quality Growth 60
Are margins and returns improving?
Cashflow 41
Earnings quality: real cash, not paper profit
Fin. Strength 56
Balance sheet, leverage, solvency risk
Investment 57
Disciplined investing over empire-building
Low Volatility 85
Calm price path (market factor)
Momentum 38
Price trend over the last 3–12 months (market factor)
52W Momentum 30
Distance to the 52-week high (market factor)
Net Issuance 85
Buybacks instead of dilution

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.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

Iflex Flexible Packaging, S.A. provides packaging and printing solutions in Spain. The company offers flexible packaging and overprinting solutions. It serves food; beverages; pharma, nutrition, and dietetics; cleaning and household; personal care and cosmetic; pet care; and industrial and other sectors.

Full company description

Iflex Flexible Packaging, S.A. provides packaging and printing solutions in Spain. The company offers flexible packaging and overprinting solutions. It serves food; beverages; pharma, nutrition, and dietetics; cleaning and household; personal care and cosmetic; pet care; and industrial and other sectors. The company was founded in 1986 and is based in Ullà, Spain. Iflex Flexible Packaging, S.A. operates as a subsidiary of Iniciatives Depal Sl

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2024 · reported fiscal years

Iflex Flexible Packaging, S.A. reported revenue of €14.3M in FY2024 versus €9.2M in FY2021, a compound +16.0%/yr. Reported net income was €848K in FY2024, compounding +139.6%/yr from FY2021. FY2021 was a trough year, so the rate overstates the trend.

Growth Quality 77/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2024)
€14.3M
Latest YoY
+2.4%
Avg. revenue growth/yr (3Y) 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.
+16.0%
Value creation/yr (3Y) Earnings growth per share (CAGR 3 years) plus dividend yield: value created per share and year.
+21.4% (21.4 + 0.0)
Revenue +16.0%/yr
FY21 €9.2M
FY22 €13.6M
FY23 €14.0M
FY24 €14.3M
Net income +139.6%/yr
FY21 €61.6K
FY22 €899K
FY23 €865K
FY24 €848K

IFLEX screens 42% overvalued. Compare with Smurfit Westrock Plc, →

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Cite: Fair Value Calculator (2026). "Iflex Flexible Packaging, S.A. Fair Value". https://www.fairvalue-calculator.com/stock/IFLEX

Peer Group

Packaging & Containers · 275 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.

Quality Score 63 · Top 25%
Fair Value upside −42% · Below median
Return on assets 0% · Bottom 25%
Net margin (TTM) 0% · Bottom 25%
Operating margin (TTM) 0% · Bottom 25%
Revenue growth 0% · Below median
Dividend yield (TTM) 0.0% · Bottom 25%
Debt / equity 0.47× · Higher than 75% of peers

Valuation Multiples vs Packaging & Containers median · lower = cheaper

P/E (TTM) 16.2× · Cheaper than median
P/B 4.94× · Pricier than 75% of peers
P/FCF 43.7× · Pricier than 75% of peers
PEG 0.73× · Cheaper than median

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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE0 · sector 13
FUTURE0 · sector 1
PAST0 · sector 21
HEALTH77 · sector 93
DIVIDEND0 · sector 44

VALUE 0: the price sits above our fair-value range.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Packaging & Containers stocks, each showing price versus our Fair Value estimate (as of Aug 27, 2026).

Stock Price Fair Value vs Fair Value
Smurfit Westrock Plc, SW $49.25 $22.66 -54%
Packaging Corporation PKG $246.68 $122.63 -50%
International Paper Company IP $41.39 $21.44 -48%
Amcor plc AMCR $46.52 $18.79 -60%
Ball Corporation BALL $61.67 $36.57 -41%
Crown Holdings CCK $119.08 $118.59 -0%
Avery Dennison Corporation AVY $182.33 $113.05 -38%
CCL Industries Inc CCLA C$93.99 C$77.64 -17%
Stora Enso Oyj STEAV €9.74 €11.42 +17%
SIG Group SIGN CHF 13.66 CHF 8.32 -39%

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Frequently asked questions

Is Iflex Flexible Packaging, S.A. (IFLEX) overvalued or undervalued?
As of Aug 27, 2026, our model estimates a fair value of €0.9400 versus a price of €1.62, about −42% (overvalued).
What is the fair value of IFLEX?
Our model-based fair value for Iflex Flexible Packaging, S.A. is €0.9400 (as of Aug 27, 2026), built from audited fundamentals. The current price: €1.62.
What is the quality score of IFLEX?
Iflex Flexible Packaging, S.A. has a Quality Score of 63/100. 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 net profit margin of IFLEX?
The net profit margin of Iflex Flexible Packaging, S.A. is about 0.0%, meaning it keeps roughly 0.0% of revenue as net income. Based on the latest reported figures.

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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