EN DE

I Grandi Viaggi S.p.A (IGV) Fair Value & Analysis

Consumer Cyclical · IT · Market cap €104M

IG I Grandi Viaggi S.p.A IGV · MI
Price€1.82
Fair Value€1.21
Upside-33.5%
Quality62/100
Watch I Grandi Viaggi S.p.A for free, get notified when fair value or trend changes. Watch for free
Healthy Growth
Thin margins · 4.9% net margin
Low debt · generates free cash flow
Trails peers (5/13)
Narrow moat 25/100
Evidence: High Range €0.9000 – €1.57 Share as image

Fair value as of: Jul 16, 2026

From 22 valuation models · updated 25 days ago

Share price −11.7% over the past month.

A solid business, but screening 34% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (€1.57). The favourable scenario is already priced in.
  • Solid but not exceptional quality (62/100) and above fair value, neither a clear bargain nor a standout compounder.
Share this valuation: 𝕏 WhatsApp

Price vs Fair Value (5 years)

€3.03 €0.7180 Fair Value €1.21 May 2021 Aug 2026

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 €0.7180 – €3.03 · fair‑value band €0.9000 – €1.57 · the €1.82 price screens above the €1.21 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 16, 2026.

Full chart & analysis →

Which stocks are undervalued right now? Check free Discover now →

Analysis

I Grandi Viaggi S.p.A (IGV) currently trades at €1.82, while our model-based Fair Value estimate is €1.21, implying the stock looks roughly 33.5% overvalued today. The Quality Score stands at 62/100 (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: high).

Over the trailing twelve months, I Grandi Viaggi S.p.A generated revenue of €67.7M at a net margin of 4.9%. Revenue grew 8.4% year over year. It earns a return on equity of 4.9%. The stock trades on a trailing P/E of 31.3. Fundamentals as of Jul 16, 2026

Our scenario range runs from €0.9000 (bear case) to €1.57 (bull case); at €1.82, 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 42% below its 52-week high, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at 11% fair-value upside, at -34%, IGV 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 €0.7300 €0.8600 €1.01 80
Residual Income €1.03 €0.9900 €0.8100 76
Rev-Margin DCF €0.7200 €0.9600 €1.22 74
All 22 models by family
DCF Models
FCF DCF €0.7200 €0.8600 €1.03 38
Owner Earnings €0.9400 €1.14 €1.39 31
5Y Revenue Exit €0.7200 €0.9500 €1.23 39
5Y EBITDA Exit €0.9500 €1.34 €1.80 41
5Y P/E Exit €0.9800 €1.39 €1.82 38
10Y Revenue Exit €0.7000 €0.8800 €1.09 36
10Y EBITDA Exit €0.8400 €1.11 €1.43 37
10Y P/E Exit €0.8500 €1.14 €1.44 35
Earnings-Based
Graham-Dodd €0.4800 €0.9500 €1.19 54
EPV €0.5900 €0.6400 €0.6800 59
Multiples
P/E Multiple €1.16 €1.55 €1.94 63
P/S Multiple €0.9000 €1.20 €1.50 58
P/B Multiple €0.9000 €1.20 €1.50 55
EV/EBIT €1.04 €1.32 €1.60 53
EV/EBITDA €1.29 €1.65 €2.02 54
EV/Revenue €0.7600 €1.01 €1.25 43
Asset-Based
NCAV (Graham) €0.7600 €1.01 €1.51 50
Growth DCF
Growth DCF €0.7300 €0.8600 €1.01 80
Rev-Margin DCF €0.7200 €0.9600 €1.22 74
Economic Profit
Residual Income €1.03 €0.9900 €0.8100 76
ROIC Compounder €0.5900 €0.6400 €0.6800 72
Growth Earnings
Growth-Adj P/E €0.8400 €1.20 €1.56 68

Widest divergence: Multiples (€1.20) versus Earnings-Based (€0.6400). Highest evidence: Growth DCF (80).

Notify me when IGV reaches fair value

Free. You confirm by email (double opt-in) and can unsubscribe anytime in one click.

Key figures & financial health

Revenue (TTM) €67.7M
Revenue growth (YoY) +8.4%
Net margin 4.9%
Return on equity 4.9%
Free cash flow €3.3M FY2025
P/E ratio 31.3
More key figures
Operating margin -23.9%
EPS (TTM) €0.0700
EPS growth (YoY) +74.1%

Figures from reported company fundamentals · as of Jul 16, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 62/100

Of which business quality 62 · Market factors (momentum, volatility) 28

Profitability 36
Margins and returns on capital today
Quality Growth 50
Are margins and returns improving?
Cashflow 47
Earnings quality: real cash, not paper profit
Fin. Strength 87
Balance sheet, leverage, solvency risk
Investment 88
Disciplined investing over empire-building
Low Volatility 73
Calm price path (market factor)
Momentum 15
Price trend over the last 3–12 months (market factor)
52W Momentum 0
Distance to the 52-week high (market factor)
Net Issuance 82
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.

About the company

I Grandi Viaggi S.p.A. engages in the travel and tourism business in Italy, Europe, and internationally. The company manages owned hotels; markets stay at third-party hotel facilities; and operates and organizes tours and cruises. I Grandi Viaggi S.p.A. was founded in 1931 and is headquartered in Milan, Italy. I Grandi Viaggi S.p.A.

Full company description

I Grandi Viaggi S.p.A. engages in the travel and tourism business in Italy, Europe, and internationally. The company manages owned hotels; markets stay at third-party hotel facilities; and operates and organizes tours and cruises. I Grandi Viaggi S.p.A. was founded in 1931 and is headquartered in Milan, Italy. I Grandi Viaggi S.p.A. operates as a subsidiary of Monforte & C. S.R.L.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

I Grandi Viaggi S.p.A reported revenue of €67.0M in FY2025 versus €33.3M in FY2021, a compound +19.1%/yr. Reported net income was €3.4M in FY2025.

Growth Quality 85/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
€67.0M
Latest YoY
+7.0%
Avg. 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.
+11.0%
Avg. growth/yr (5Y) 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.
+16.8%
Avg. growth/yr (25Y) 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.
−0.4%
Revenue +19.1%/yr
FY21 €33.3M
FY22 €49.0M
FY23 €57.0M
FY24 €62.6M
FY25 €67.0M
Net income
FY21 −€1.5M
FY22 −€177K
FY23 €2.7M
FY24 €3.1M
FY25 €3.4M

IGV screens 34% overvalued. Compare with Las Vegas Sands Corp →

Share or link this analysis
For bloggers & editors: embed code + live data

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). "I Grandi Viaggi S.p.A Fair Value". https://www.fairvalue-calculator.com/stock/IGV

Peer Group

Resorts & Casinos · 76 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 62 · Top 25%
Fair Value upside −34% · Below median
Return on equity (TTM) 5% · Above median
Return on assets 2% · Below median
Net margin (TTM) 5% · Above median
Operating margin (TTM) -24% · Bottom 25%
Revenue growth 8% · Above median
Debt / equity 0.03× · Lower than median

Valuation Multiples vs Resorts & Casinos median · lower = cheaper

P/E (TTM) 31.3× · Pricier than median
P/B 1.67× · Pricier than median
P/S (TTM) 1.78× · Pricier than median
P/FCF 36.5× · Pricier than 75% of peers
EV/EBITDA 19.2× · Pricier than 75% of peers

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.

VALUE 0 · sector 18
FUTURE 42 · sector 33
PAST 20 · sector 19
HEALTH 99 · sector 84
DIVIDEND 0 · sector 52

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.

Gambling

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Resorts & Casinos stocks, each showing price versus our Fair Value estimate (as of Jul 16, 2026).

Stock Price Fair Value vs Fair Value
Las Vegas Sands Corp LVS $44.79 $52.27 +17%
Galaxy Entertainment Group 0027 HK$34.20 HK$41.44 +21%
Sands China Ltd 1928 HK$13.08 HK$2.05 -84%
MGM Resorts International, through its subsidiaries, MGM $46.13 $13.70 -70%
Wynn Resorts, Limited WYNN $97.05 $69.39 -29%
Red Rock Resorts, Inc RRR $64.75 $17.09 -74%
Boyd Gaming Corporation BYD $87.64 $151.24 +73%
Caesars Entertainment, Inc CZR $29.91 $80.92 +171%
Genting Singapore Limited G13 0.6200 SGD 0.6900 SGD +11%
Vail Resorts, Inc MTN $150.14 $125.02 -17%

Compare I Grandi Viaggi S.p.A with another stock

Price, fair value, quality and upside side by side.

Free, no sign-up

Explore undervalued stocks

More undervalued Consumer Cyclical stocks →

All undervalued stocks TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued Blue-Chip StocksUndervalued Small-Cap StocksUndervalued Dividend Stocks

Frequently asked questions

Is I Grandi Viaggi S.p.A (IGV) overvalued or undervalued?
As of Jul 16, 2026, our model estimates a fair value of €1.21 versus a price of €1.82, about −34% (overvalued).
What is the fair value of IGV?
Our model-based fair value for I Grandi Viaggi S.p.A is €1.21 (as of Jul 16, 2026), built from audited fundamentals. The current price is €1.82.
What is the quality score of IGV?
I Grandi Viaggi S.p.A has a Quality Score of 62/100. 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 revenue of I Grandi Viaggi S.p.A (IGV)?
I Grandi Viaggi S.p.A reported trailing-twelve-month revenue of about €67.7M (latest available figure, as of Jul 16, 2026).
What is the net profit margin of IGV?
The net profit margin of I Grandi Viaggi S.p.A is about 4.9%, meaning it keeps roughly 4.9% 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.

14 days Pro free · no card

Track I Grandi Viaggi S.p.A and try Pro for 14 days

One email gets you 14 days of full Pro (review alerts, the 35,000+ stock screener, the diversification check) plus the monthly Top-25 report of the most undervalued quality stocks. No card, cancel anytime.

Zero risk: nothing is ever charged. After 14 days you decide whether to stay.