EN DE

IRCE S.p.A (IRC) Fair Value & Analysis

Industrials · IT · Market cap €60.5M

IS IRCE S.p.A IRC · MI
Price€2.29
Fair Value€3.83
Upside+67.3%
Quality47/100
Watch IRCE S.p.A for free, get notified when fair value or trend changes. Watch for free
Expensive Growth
Thin margins · 2.1% net margin
Low debt · negative free cash flow
2.68% dividend yield
Mixed vs. peers (6/13)
Narrow moat 33/100
Evidence: Medium Range €2.98 – €4.83 Share as image

Fair value as of: Jul 18, 2026

From 14 valuation models · updated 23 days ago

Share price −0.4% over the past month.

Below-average quality, screening 67% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (€2.98). The market is more pessimistic than our downside scenario.
  • Solid quality (47/100) at a price below fair value, the discount is the argument here, not the business quality.
Share this valuation: 𝕏 WhatsApp

Price vs Fair Value (5 years)

€3.02 €1.64 Fair Value €3.83 May 2021 Aug 2026

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 €1.64 – €3.02 · fair‑value band €2.98 – €4.83 · the €2.29 price screens below the €3.83 fair value. Dashed = 300-day average. As of Jul 18, 2026.

Full chart & analysis →

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

Analysis

IRCE S.p.A (IRC) currently trades at €2.29, while our model-based Fair Value estimate is €3.83, implying the stock looks roughly 67.3% undervalued today. The Quality Score stands at 47/100 (below-average quality), in the Industrials 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, IRCE S.p.A generated revenue of €382M at a net margin of 2.1%. Revenue grew 2.8% year over year. It earns a return on equity of 5.1%. Net debt stands at €67.6M. Fundamentals as of Jul 18, 2026

Our scenario range runs from €2.98 (bear case) to €4.83 (bull case); at €2.29, the current price sits below 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 30% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at -48% fair-value upside, at 67%, IRC 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
Residual Income €3.95 €3.73 €2.91 76
ROIC Compounder €1.82 €2.13 €2.39 72
Gordon GGM €0.4200 €0.4500 €0.4900 70
All 14 models by family
Earnings-Based
Graham-Dodd €1.59 €1.94 €2.19 54
EPV €1.82 €2.13 €2.39 59
Dividend Discount
Gordon GGM €0.4200 €0.4500 €0.4900 70
DDM Multi-Stage €0.4200 €0.4800 €0.5700 61
Multiples
P/E Multiple €3.68 €4.91 €6.14 63
P/S Multiple €2.98 €3.97 €4.97 58
P/B Multiple €2.98 €3.97 €4.97 55
EV/EBIT €4.40 €6.14 €7.88 53
EV/EBITDA €5.68 €7.84 €10.00 54
EV/Revenue €2.91 €4.51 €6.10 43
Asset-Based
NCAV (Graham) €2.96 €3.96 €5.92 50
Economic Profit
Residual Income €3.95 €3.73 €2.91 76
ROIC Compounder €1.82 €2.13 €2.39 72
Growth Earnings
Growth-Adj P/E €2.60 €3.71 €4.83 68

Widest divergence: Multiples (€4.51) versus Dividend Discount (€0.4500). Highest evidence: Residual Income (76).

Notify me when IRC reaches fair value

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

Key figures & financial health

Revenue (TTM) €382M
Revenue growth (YoY) +2.8%
Net margin 2.1%
Return on equity 5.1%
Free cash flow −€20.0M FY2025
P/E ratio 7.4
More key figures
Operating margin 6.4%
EPS (TTM) €0.3100
Dividend yield 2.7%
EPS growth (YoY) +96.3%
Net debt €67.6M FY2025

Figures from reported company fundamentals · as of Jul 18, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 47/100

Of which business quality 45 · Market factors (momentum, volatility) 67

Profitability 45
Margins and returns on capital today
Quality Growth 25
Are margins and returns improving?
Cashflow 7
Earnings quality: real cash, not paper profit
Fin. Strength 49
Balance sheet, leverage, solvency risk
Investment 82
Disciplined investing over empire-building
Low Volatility 75
Calm price path (market factor)
Momentum 55
Price trend over the last 3–12 months (market factor)
52W Momentum 81
Distance to the 52-week high (market factor)
Net Issuance 83
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

IRCE S.p.A. engages in the winding conductors and electrical cables sector in Italy, the European Union, and the rest of European Union. The company offers winding conductors, such as enameled copper and aluminum wires, and copper and aluminum strips for electric motor and generator, transformer, inductor, and relay applications.

Full company description

IRCE S.p.A. engages in the winding conductors and electrical cables sector in Italy, the European Union, and the rest of European Union. The company offers winding conductors, such as enameled copper and aluminum wires, and copper and aluminum strips for electric motor and generator, transformer, inductor, and relay applications. It also provides low and medium voltage cables for construction of electrical systems in civil and industrial buildings, as well as power supply and wiring of electrical equipment; and CPR cables. The company was founded in 1947 and is headquartered in Imola, Italy. IRCE S.p.A. operates as a subsidiary of Aequafin S.p.A.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

IRCE S.p.A reported revenue of €378M in FY2025 versus €457M in FY2021, a compound −4.7%/yr. Reported net income was €6.2M in FY2025, compounding −9.9%/yr from FY2021.

Growth Quality 31/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
€378M
Latest YoY
−5.0%
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.
−6.0%
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.
+5.0%
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.
−24.1%
Revenue −4.7%/yr
FY21 €457M
FY22 €455M
FY23 €403M
FY24 €398M
FY25 €378M
Net income −9.9%/yr
FY21 €9.4M
FY22 €9.2M
FY23 €8.2M
FY24 €6.9M
FY25 €6.2M

Watch IRC: get an alert when its fair value changes →

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). "IRCE S.p.A Fair Value". https://www.fairvalue-calculator.com/stock/IRC

Peer Group

Electrical Equipment & Parts · 526 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 47 · Below median
Fair Value upside +67% · Top 25%
Return on equity (TTM) 5% · Below median
Return on assets 3% · Below median
Net margin (TTM) 2% · Below median
Operating margin (TTM) 6% · Below median
Revenue growth 3% · Below median
Dividend yield (TTM) 2.7% · Top 25%
Debt / equity 0.25× · Higher than 75% of peers

Valuation Multiples vs Electrical Equipment & Parts median · lower = cheaper

P/E (TTM) 7.4× · Cheaper than 75% of peers
P/B 0.45× · Cheaper than 75% of peers
P/S (TTM) 0.18× · Cheaper than 75% of peers
EV/EBITDA 4.7× · Cheaper 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 100 · sector 0
FUTURE 14 · sector 57
PAST 20 · sector 26
HEALTH 87 · sector 97
DIVIDEND 54 · sector 18

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 Electrical Equipment & Parts stocks, each showing price versus our Fair Value estimate (as of Jul 18, 2026).

Stock Price Fair Value vs Fair Value
Contemporary Amperex Technology Co 3750 HK$675.50 HK$391.44 -42%
ABB Ltd ABBN CHF 83.82 CHF 35.46 -58%
Delta Electronics (Thailand) Public Company TDED 10.16 SGD 1.47 SGD -86%
LG Energy Solution, Ltd 373220 334,000 KRW 201,455 KRW -40%
WEG S.A WEGE3 13,210 ARS 7,948 ARS -40%
Sungrow Power Supply Co 300274 ¥114.79 ¥123.83 +8%
Shenzhen Inovance Technology Co 300124 ¥63.43 ¥33.04 -48%
HD Hyundai Electric Co 267260 823,000 KRW 371,133 KRW -55%
LS ELECTRIC Co 010120 190,000 KRW 31,517 KRW -83%
Sieyuan Electric Co 002028 ¥151.73 ¥71.69 -53%

Compare IRCE S.p.A with another stock

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

Free, no sign-up

Explore undervalued stocks

More undervalued Industrials 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 IRCE S.p.A (IRC) overvalued or undervalued?
As of Jul 18, 2026, our model estimates a fair value of €3.83 versus a price of €2.29, about +67% (undervalued).
What is the fair value of IRC?
Our model-based fair value for IRCE S.p.A is €3.83 (as of Jul 18, 2026), built from audited fundamentals. The current price is €2.29.
What is the quality score of IRC?
IRCE S.p.A has a Quality Score of 47/100. 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 IRCE S.p.A (IRC)?
IRCE S.p.A reported trailing-twelve-month revenue of about €382M (latest available figure, as of Jul 18, 2026).
What is the net profit margin of IRC?
The net profit margin of IRCE S.p.A is about 2.1%, meaning it keeps roughly 2.1% of revenue as net income. Based on the latest reported figures.
Does IRCE S.p.A pay a dividend?
IRCE S.p.A currently shows a dividend yield of about 2.68% relative to its recent price (as of Jul 18, 2026).

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 IRCE 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.