IRCE S.p.A (IRC) fair value: what the stock is really worth
We calculate from audited financials what IRCE S.p.A is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 37 quality factors, updated daily, free.
Compare price with fair valuebelow fair value = cheap, above = expensive
Check the quality50 and up solid, 75 and up strong
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Industrials · IT · Market cap €63.4M · ISIN IT0001077780
At a glance
ISIRCE S.p.AIRC · MI
Price€2.40
Fair Value€3.71
Upside+54.6%
Quality47/100
Below-average quality, trading 35% below our fair value of €3.71.
As of Aug 27, 2026, the fair value of IRCE S.p.A is €3.71 per share against a price of €2.40, so the fair value sits 55% above the price. A model estimate from reported figures, not an analyst target.
!Weak Growth (revenue 5y +5.0 %/yr)
!Thin margins · 2.1% net margin
!Low debt · negative free cash flow
·2.50% dividend yield
!Mixed vs. peers (6/13)
!Narrow moat 33/100
!Weak on future: 14 out of 100
!Weak on past: 20 out of 100
Evidence: HighRange €2.98 to €4.83
Fair value as of: Aug 27, 2026
From 14 valuation models · updated 14 days ago
Share price +4.8% over the past month.
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69 individual criteria per stock, every one traceable See the method →
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.
Price vs Fair Value (5 years)
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
60‑month range €1.64 – €3.01 · fair‑value band €2.98 – €4.83 · the €2.40 price screens below the €3.71 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 27, 2026.
IRCE S.p.A (IRC) currently trades at €2.40, while our model-based Fair Value estimate is €3.71, implying the stock looks roughly 35.3% undervalued today. The Quality Score stands at 47/100 (below-average quality), in the Industrials sector. Bull case: the Multiples group reads highest at a median of €4.51 per share, and 9 of the 14 models we run sit above the €2.40 price. Bear case: the Dividend Discount group reads lowest at €0.4500, and 5 of the 14 models stay below the price. Evidence for this calculation is high.
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 Aug 27, 2026
Scenario range: €2.98 (bear) to €4.83 (bull), the price of €2.40 sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target. The share trades near its 52-week high and 37% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at −44% fair-value upside, at 55%, IRC screens cheaper than that median.
Fair Value models
Based on fiscal year 2025 figures (about 8 months old). Earnings retained since then (€0.1733 per share) are deliberately not added.
Each model values the company its own way; the fair value above is the evidence-weighted blend. Evidence (0 to 100) shows how complete a model's inputs are. How we calculate →
ModelBear ⓘ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
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Key figures & financial health
P/E ratio7.7
P/S ratio0.13P/E × margin
EPS (TTM)€0.3100price ÷ EPS = P/E 7.7
Dividend yield2.5%payout 19.4%
Net margin1.6%FY2025
Return on equity5.1%TTM
More key figures
Profitability
Return on assets (EBIT)5.1%avg 5y
Operating margin6.4%TTM
Growth
Revenue (TTM)€382MTTM
Revenue growth (YoY)+2.8%3y avg −6.0%
EPS growth (YoY)+96.3%
Balance sheet & cash flow
Free cash flow−€20.0MFY2025
Net debt€67.6MFY2025
Figures from reported company fundamentals · as of Aug 27, 2026. TTM = trailing twelve months.
Quality Score breakdown
Overall quality47/100
Of which business quality 45
· Market factors (momentum, volatility) 66
Profitability45
Margins and returns on capital today
Quality Growth25
Are margins and returns improving?
Cashflow7
Earnings quality: real cash, not paper profit
Fin. Strength49
Balance sheet, leverage, solvency risk
Investment82
Disciplined investing over empire-building
Low Volatility76
Calm price path (market factor)
Momentum57
Price trend over the last 3–12 months (market factor)
52W Momentum72
Distance to the 52-week high (market factor)
Net Issuance83
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
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
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
€378M
Latest YoY
−5.0%
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.
−6.0%
Avg. revenue 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. revenue 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%
Value creation/yr (5Y) ⓘEarnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year.
+20.4%
Earnings growth per share plus dividend yield: the value created per share and year.
Earnings growth per share+17.9%
Dividend yield2.5%
Operating margin (EBIT) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.0.9% (2020) → 2.9% (2025) · rising
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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.
This stockSector peers
VALUE100· sector 0
FUTURE14· sector 56
PAST20· sector 26
HEALTH87· sector 97
DIVIDEND50· sector 22
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
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As of Aug 27, 2026, our model estimates a fair value of €3.71 versus a price of €2.40, about +55% upside (undervalued).
What is the fair value of IRC?
Our model-based fair value for IRCE S.p.A is €3.71 (as of Aug 27, 2026), built from audited fundamentals. The current price: €2.40.
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 price target for IRCE S.p.A (IRC)?
Our model-based price target is the fair value of €3.71 (as of Aug 27, 2026) from 14 valuation models. Cautious scenario €2.98, optimistic scenario €4.83. It is a calculation from audited fundamentals, not an analyst target.
What is the IRCE S.p.A stock forecast for 2026?
Our models put fair value at €3.71, about +55% upside versus a price of €2.40 (undervalued). Cautious scenario €2.98, optimistic scenario €4.83. The calculation is refreshed regularly with new filings.
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 Aug 27, 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 2.50% relative to its recent price (as of Aug 27, 2026).
What is the intrinsic value of IRCE S.p.A (IRC)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For IRCE S.p.A it is €3.71 per share (as of Aug 27, 2026), against a price of €2.40. It is the blended result of 14 valuation models (cash flow, earnings, asset, dividend).
Is IRCE S.p.A stock overvalued or undervalued in 2026?
As of Aug 27, 2026, IRC trades below its calculated fair value: price €2.40, fair value €3.71, a gap of about +55% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of IRC?
No. The price is what the market pays today (€2.40); the fair value is what the company's own numbers justify (€3.71). For IRCE S.p.A the two are €1.31 per share apart. That gap is exactly why we show both numbers side by side.
How much is IRCE S.p.A worth?
The market values IRCE S.p.A at about €63.4M (market capitalisation, as of Aug 27, 2026). Per share that is €2.40; our models calculate a fair value of €3.71 per share.
What do the bullish and bearish scenarios say about IRC?
Our models span a range for IRCE S.p.A: cautious scenario €2.98, base €3.71, optimistic €4.83 per share (as of Aug 27, 2026, price €2.40). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of IRC?
IRCE S.p.A trades at a price-to-earnings ratio of 7.7 (as of Aug 27, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of €3.71 is built from several models across several years. Other multiples: P/B 0.5, P/S 0.2, EV/EBITDA 4.7.
How solid is the balance sheet of IRCE S.p.A (IRC)?
Balance-sheet figures for IRCE S.p.A (as of Aug 27, 2026): return on equity 5.1%, debt of 0.25 per unit of equity. They feed the Quality Score of 47/100, which measures business quality independently of the share price.
How far is IRC from its 52-week high?
IRCE S.p.A trades at €2.40, about 5% below its 52-week high of €2.29 and 37% above the low of €1.76 (as of Aug 27, 2026). Distance from the high says nothing about value: that is what the fair value of €3.71 is for.
Which stocks are comparable to IRCE S.p.A?
From the same area (Industrials) we also value Contemporary Amperex Technology Co, ABB Ltd, Delta Electronics (Thailand) Public Company, Vertiv Holdings, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is IRCE S.p.A stock attractive at the current price?
The data as of Aug 27, 2026: price €2.40, calculated fair value €3.71 (+55%), Quality Score 47/100, from 14 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of IRC calculated?
We run IRCE S.p.A through 14 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of €3.71, with the spread shown as a cautious and an optimistic scenario.
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