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Impresa - Sociedade Gestora de Participações Sociais, S.A (IPR) Fair Value & Analysis

Communication Services · PT · Market cap €30.6M

IS Impresa - Sociedade Gestora de Participações Sociais, S.A IPR · LS
Price€0.1820
Fair Value€0.2200
Upside+20.9%
Quality55/100
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Weak Growth
Thin margins · 0.6% net margin
Moderate debt · generates free cash flow
Ranks above peers (9/14)
Narrow moat 27/100
Evidence: High Range €0.1200 – €0.3000 Share as image

Fair value as of: Jul 31, 2026

From 20 valuation models · updated 10 days ago

Fair value updated Jul 31, 2026, revised from €0.3300 to €0.2200 (−33.3%) since Jun 26, 2026. Share price +1.1% over the past month.

A solid business, screening 21% 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.
  • A fairly wide model range (€0.1200 to €0.3000) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

€0.3150 €0.0951 Fair Value €0.2200 Mar 2021 Jun 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 31, 2026.

How to read this chart

60‑month range €0.0951 – €0.3150 · fair‑value band €0.1200 – €0.3000 · the €0.1820 price screens below the €0.2200 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 31, 2026.

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Analysis

Impresa - Sociedade Gestora de Participações Sociais, S.A (IPR) currently trades at €0.1820, while our model-based Fair Value estimate is €0.2200, implying the stock looks roughly 20.9% 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: high), always confirm before acting.

Over the trailing twelve months, Impresa - Sociedade Gestora de Participações Sociais, S.A generated revenue of €180M at a net margin of 0.6%. Revenue declined 1.0% year over year. It earns a return on equity of 1.3%. Net debt stands at €123M. Fundamentals as of Jul 31, 2026

Our scenario range runs from €0.1200 (bear case) to €0.3000 (bull case); at €0.1820, 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 about 46% below its 52-week high and 73% above its 52-week low, currently below its 200-day average. For context, the median of 10 Communication Services peers we cover trades at 12% fair-value upside, at 21%, IPR 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.

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 €0.1100 €0.2500 €0.4600 80
Rev-Margin DCF €0.1400 €0.4300 €0.7900 74
ROIC Compounder €0.0600 €0.1100 72
All 20 models by family
DCF Models
FCF DCF €0.0900 €0.2400 €0.4900 38
5Y Revenue Exit €0.1400 €0.4100 €0.8100 39
5Y EBITDA Exit €0.2400 €0.5800 €1.03 41
10Y Revenue Exit €0.1000 €0.2800 €0.4700 36
10Y EBITDA Exit €0.1700 €0.3700 €0.5800 37
10Y P/E Exit €0.0100 €0.0400 35
Earnings-Based
Graham-Dodd €0.0500 €0.0600 €0.0600 54
EPV €0.0600 €0.1100 59
Multiples
P/E Multiple €0.1100 €0.1500 €0.1900 63
P/S Multiple €0.0900 €0.1200 €0.1500 58
P/B Multiple €0.0900 €0.1200 €0.1500 55
EV/EBIT €0.4700 €0.7900 €1.11 53
EV/EBITDA €0.5100 €0.8400 €1.17 54
EV/Revenue €0.2400 €0.5500 €0.8600 43
Asset-Based
NCAV (Graham) €0.2700 €0.3700 €0.5400 50
Growth DCF
Growth DCF €0.1100 €0.2500 €0.4600 80
Rev-Margin DCF €0.1400 €0.4300 €0.7900 74
Economic Profit
Residual Income €0.3400 €0.3000 €0.1900 61
ROIC Compounder €0.0600 €0.1100 72
Growth Earnings
Growth-Adj P/E €0.0800 €0.1100 €0.1500 68

Widest divergence: Asset-Based (€0.3700) versus Earnings-Based (€0.0600). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) €180M
Revenue growth (YoY) -1.0%
Net margin 0.6%
Return on equity 1.3%
Free cash flow €13.4M FY2025
P/E ratio 18.2
More key figures
Operating margin 13.6%
EPS (TTM) €0.0100
EPS growth (YoY) -38.6%
Net debt €123M FY2025

Figures from reported company fundamentals · as of Jul 31, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 55/100

Of which business quality 52 · Market factors (momentum, volatility) 51

Profitability 25
Margins and returns on capital today
Quality Growth 50
Are margins and returns improving?
Cashflow 72
Earnings quality: real cash, not paper profit
Fin. Strength 16
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 49
Price trend over the last 3–12 months (market factor)
52W Momentum 53
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

Impresa - Sociedade Gestora de Participações Sociais, S.A., together with its subsidiaries, operates in the media industry in Portugal and internationally. The company operates through Television, Publishing, and Others segments.

Full company description

Impresa - Sociedade Gestora de Participações Sociais, S.A., together with its subsidiaries, operates in the media industry in Portugal and internationally. The company operates through Television, Publishing, and Others segments. The Television segment broadcasts SIC, SIC Notícias, SIC Radical, SIC Internacional, SIC Mulher, SIC K, and SIC Caras television channels in open signal and by cable under broadcasting licenses; and operates the streaming service OPTP. This segment also provides technical services for media, audiovisual, and film production activities; digital television services; and radio and television signals transmission services. The Publishing segment publishes Expresso, a weekly newspaper. The Others segment operates in the geographic information systems area. It also offers multimedia production, real estate management, and related services. The company was founded in 1972 and is headquartered in Paço de Arcos, Portugal. Impresa - Sociedade Gestora de Participações Sociais, S.A. is a subsidiary of IMPREGER- Sociedade Gestora de Participações Sociais, S.A.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Impresa - Sociedade Gestora de Participações Sociais, S.A reported revenue of €179M in FY2025 versus €189M in FY2021, a compound −1.4%/yr. Reported net income was €1.2M in FY2025, compounding −45.0%/yr from FY2021.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
€179M
Latest YoY
+1.0%
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.
−1.1%
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.
+0.2%
Avg. growth/yr (10Y) 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.
−2.4%
Revenue −1.4%/yr
FY21 €189M
FY22 €185M
FY23 €181M
FY24 €177M
FY25 €179M
Net income −45.0%/yr
FY21 €12.6M
FY22 €1.1M
FY23 −€2.0M
FY24 −€66.2M
FY25 €1.2M

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Cite: Fair Value Calculator (2026). "Impresa - Sociedade Gestora de Participações Sociais, S.A Fair Value". https://www.fairvalue-calculator.com/stock/IPR

Peer Group

Broadcasting · 69 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 55 · Above median
Fair Value upside +21% · Above median
Return on equity (TTM) 1% · Above median
Return on assets 3% · Above median
Net margin (TTM) 1% · Below median
Operating margin (TTM) 14% · Top 25%
Revenue growth -1% · Above median
Debt / equity 1.02× · Higher than 75% of peers

Valuation Multiples vs Broadcasting median · lower = cheaper

P/E (TTM) 18.2× · Pricier than median
P/B 0.39× · Cheaper than 75% of peers
P/S (TTM) 0.20× · Cheaper than 75% of peers
P/FCF 2.6× · Pricier than median
EV/EBITDA 7.6× · Cheaper than median
PEG 6.89× · 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 61 · sector 36
FUTURE 0 · sector 0
PAST 5 · sector 3
HEALTH 49 · sector 96
DIVIDEND 0 · sector 47

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

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

Similar stocks

10 more Broadcasting stocks, each showing price versus our Fair Value estimate (as of Jul 31, 2026).

Stock Price Fair Value vs Fair Value
Nexstar Media Group NXST $183.71 $78.52 -57%
SES S.A SESG €7.46 €15.46 +107%
PT Elang Mahkota Teknologi Tbk, through its subsidiaries, EMTK 505.00 IDR 1,094 IDR +117%
MFE-Mediaforeurope N.V MFEB €3.64 €5.38 +48%
Jiangsu Broadcasting Cable Information Network Corporation 600959 ¥3.07 ¥1.14 -63%
Sun TV Network Limited SUNTV ₹489.20 ₹586.58 +20%
MBC Group 4072 20.06 SAR 19.56 SAR -2%
Beijing Gehua Catv Network Co 600037 ¥7.13 ¥3.64 -49%
PT Surya Citra Media Tbk, SCMA 206.00 IDR 229.91 IDR +12%
Zee Entertainment Enterprises Limited ZEEL ₹92.61 ₹53.22 -43%

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Frequently asked questions

Is Impresa - Sociedade Gestora de Participações Sociais, S.A (IPR) overvalued or undervalued?
As of Jul 31, 2026, our model estimates a fair value of €0.2200 versus a price of €0.1820, about +21% (undervalued).
What is the fair value of IPR?
Our model-based fair value for Impresa - Sociedade Gestora de Participações Sociais, S.A is €0.2200 (as of Jul 31, 2026), built from audited fundamentals. The current price is €0.1820.
What is the quality score of IPR?
Impresa - Sociedade Gestora de Participações Sociais, S.A 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 revenue of Impresa - Sociedade Gestora de Participações Sociais, S.A (IPR)?
Impresa - Sociedade Gestora de Participações Sociais, S.A reported trailing-twelve-month revenue of about €180M (latest available figure, as of Jul 31, 2026).
What is the net profit margin of IPR?
The net profit margin of Impresa - Sociedade Gestora de Participações Sociais, S.A is about 0.6%, meaning it keeps roughly 0.6% 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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