Italmobiliare S.p.A (ITM) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Italmobiliare S.p.A stock €23.78, price €25.35, that is 6.2% below the price, quality 43 out of 100. Rating: fairly valued. Calculated from audited financials with 16 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 6, 2026.
How to read this chart
60‑month range €19.13 – €32.16 · fair‑value band €17.28 – €24.40 · the €25.35 price screens above the €23.78 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. As of Nov 6, 2026.
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Italmobiliare S.p.A., an investment holding company, owns and manages a portfolio of equity and other investments in the financial and industrial sectors in Italy and internationally.
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The company produces and sells coffee in compatible capsules and pods; cosmetics and fragrances; cooked and smoked cured meat; and cycling and motorcycling footwear. It also produces and distributes electricity from renewable sources, including hydroelectric, wind, and photovoltaic plants.
In addition, the company operates a network of specialist diagnostic, dental, and physio-kinesitherapy outpatient clinics; and an e-commerce platform that sells wine and spirits.
Further, it manufactures and sells outdoor footwear and ski equipment under the Tecnica, Nordica, Moon Boot, Lowa, Blizzard, and Rollerblade brand names; designs, produces, and sells mechanical and electronic locks, and solutions for security and access management; engages in the non-life insurance retail focusing on motor segment; and holds alternative investments in private equity and credit, as well as offers factoring services.
The company was founded in 1946 and is headquartered in Milan, Italy.
Stock analysis
Italmobiliare S.p.A (ITM) currently trades at €25.35, while our model-based Fair Value estimate is €23.78, so the stock looks roughly fairly valued today (gap 6.6%).
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Valuation
Bull case: the Multiples group reads highest at a median of €27.44 per share, and 5 of the 16 models we run sit above the €25.35 price.
Bear case: the Dividend Discount group reads lowest at €13.14, and 11 of the 16 models stay below the price. Data coverage for this calculation is medium.
Scenario range: €17.28 (bear) to €24.40 (bull), the price of €25.35 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 43/100 (below-average quality), in the Consumer Defensive sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Italmobiliare S.p.A reported revenue of €775M in FY2025 versus €497M in FY2021, a compound +11.7%/yr. Reported net income was €55.7M in FY2025, compounding −20.5%/yr from FY2021.
Key figures
Market cap €1.1B Small · P/E ratio 17.1 · P/S ratio 1.33 · EPS (TTM) €1.48 · Dividend yield 4.3% · Net margin 7.9% · Return on equity 4.6% · Return on assets (EBIT) 4.8% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 36 out of 100 (low confidence).
What moves the price
The share trades about 18% below its 52-week high and 6% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Defensive peers we cover trades at −1% fair-value upside, at −6%, ITM screens richer than that median.
Fair Value models
Bear€17.28Fair Value €23.78Bull€24.40
Price €25.35 · Downside -6.2%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (€0.3248 per share) are deliberately not added.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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.38/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+9.9%
Revenue growth 3 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+16.7%
Revenue growth 5 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+5.6%
Start year 2020 (pandemic). Over 10 years: +6.4% a year
Revenue growth 19 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
−10.5%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
+0.4%
Earnings growth per share plus dividend.
Earnings per share, growth per year−3.9%
Dividend (yield on the price)4.3%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−3.9% vs −5.7%, steady
Profit margin 2020 to 2025 ⓘ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.18% → 15%
Pace: the 5-year rate starts in 2020 (pandemic)
⚠ Revenue per share shrinking 11.6%/yr over ~11Y (margins intact) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
News mood ⓘNews mood, the average tone of recent news (14 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Hype
Recent news coverage is unusually upbeat, far more positive than stocks are typically covered.
Price, fair value, quality and upside side by side.
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Peer Groupⓘ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.Packaged Foods · 627 stocks
Beats the industry median on 6/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score43 · Bottom 25%
Fair Value upside−6.2% · Below median
Profitability
Return on equity (12 months)4.6% · Below median
Return on assets2.2% · Below median
Net margin (12 months)7.9% · Above median
Operating margin (12 months)7.9% · Above median
Growth and dividend
Revenue growth (quarter YoY)7.1% · Above median
Dividend yield (12 months)4.3% · Above median
Balance sheet
Debt / equity0.12× · Above median
Valuation Multiplesvs Packaged Foods median · lower = cheaper
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). "Italmobiliare S.p.A Fair Value". https://www.fairvalue-calculator.com/stock/ITM
Frequently asked questions
Is Italmobiliare S.p.A (ITM) overvalued or undervalued?
As of Nov 6, 2026, our model estimates a fair value of €23.78 versus a price of €25.35, about 6% lower (fairly valued).
What is the fair value of ITM?
Our model-based fair value for Italmobiliare S.p.A is €23.78 (as of Nov 6, 2026), built from audited fundamentals. The current price: €25.35.
What is the quality score of ITM?
Italmobiliare S.p.A has a Quality Score of 43/100. 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 Italmobiliare S.p.A (ITM)?
Our model-based price target is the fair value of €23.78 (as of Nov 6, 2026) from 16 valuation models. Cautious scenario €17.28, optimistic scenario €24.40. It is a calculation from audited fundamentals, not an analyst target.
What is the Italmobiliare S.p.A stock forecast for 2026?
Our models put fair value at €23.78, about 6% lower versus a price of €25.35 (fairly valued). Cautious scenario €17.28, optimistic scenario €24.40. The calculation is refreshed regularly with new filings.
What is the revenue of Italmobiliare S.p.A (ITM)?
Italmobiliare S.p.A reported trailing-twelve-month revenue of about €804M (latest available figure, as of Nov 6, 2026).
Does Italmobiliare S.p.A pay a dividend?
Italmobiliare S.p.A currently shows a dividend yield of 4.34% relative to its recent price (as of Nov 6, 2026).
How much is the dividend of Italmobiliare S.p.A (ITM) and when is the ex-dividend date?
Italmobiliare S.p.A pays a dividend of €1.10 per share a year, a dividend yield of 4.3%. The last ex-dividend date was May 4, 2026. A dividend has been paid every year since 2014. The payout ratio is 74.3% of earnings. Our assessment: Watch coverage. The dividend isn’t fully covered by free cash flow or earnings, part of it is funded from reserves or debt. Fine for now, but worth watching: if it stays uncovered, the dividend could be cut.
What is the intrinsic value of Italmobiliare S.p.A (ITM)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Italmobiliare S.p.A it is €23.78 per share (as of Nov 6, 2026), against a price of €25.35. It is the blended result of 16 valuation models in 6 families (Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings).
Is Italmobiliare S.p.A stock overvalued or undervalued in 2026?
As of Nov 6, 2026, ITM trades above its calculated fair value: price €25.35, fair value €23.78, a gap of about −6% (fairly valued). 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 ITM?
No. The price is what the market pays today (€25.35); the fair value is what the company's own numbers justify (€23.78). For Italmobiliare S.p.A the two are €1.57 per share apart. That gap is exactly why we show both numbers side by side.
How much is Italmobiliare S.p.A worth?
The market values Italmobiliare S.p.A at about €1.1B (market capitalisation, as of Nov 6, 2026). Per share that is €25.35; our models calculate a fair value of €23.78 per share.
What do the bullish and bearish scenarios say about ITM?
Our models span a range for Italmobiliare S.p.A: cautious scenario €17.28, base €23.78, optimistic €24.40 per share (as of Nov 6, 2026, price €25.35). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of ITM?
Italmobiliare S.p.A trades at a price-to-earnings ratio of 17.1 (as of Nov 6, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of €23.78 is built from several models across several years. Median P/E at fiscal year-end, 9 fiscal years (2017 to 2025), reported earnings, FY2025 ex one-offs: 17.6. Other multiples: PEG 4.4, P/B 0.7, P/S 1.3, EV/EBITDA 7.6.
What is the PEG ratio of ITM?
The PEG ratio of Italmobiliare S.p.A is 4.45 (P/E divided by earnings growth, as of Nov 6, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Italmobiliare S.p.A (ITM)?
Balance-sheet figures for Italmobiliare S.p.A (as of Nov 6, 2026): return on equity 4.6%, debt of 0.12 per unit of equity. They feed the Quality Score of 43/100, which measures business quality independently of the share price.
How far is ITM from its 52-week high?
Italmobiliare S.p.A trades at €25.35, about 18% below its 52-week high of €30.87 and 6% above the low of €23.81 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of €23.78 is for.
Which stocks are comparable to Italmobiliare S.p.A?
From the same area (Consumer Defensive) we also value Nestlé S.A, Danone S.A, Foshan Haitian Flavouring and Food Company, The Kraft Heinz Company, 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 Italmobiliare S.p.A stock attractive at the current price?
The data as of Nov 6, 2026: price €25.35, calculated fair value €23.78 (−6%), Quality Score 43/100, from 16 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 ITM calculated?
We run Italmobiliare S.p.A through 16 models from 6 families: Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of €23.78 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.0% above its aggregate fair value. Italmobiliare S.p.A itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Italmobiliare S.p.A (ITM)?
The closing price on Nov 6, 2026 was €25.35. Our model-based fair value is €23.78, about 6% lower (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Italmobiliare S.p.A right now?
The price sits above even our optimistic bull case (€24.40). The favourable scenario is already priced in. The price sits close to our fair value, market and models broadly agree here, little valuation tension.
Key figures of Italmobiliare S.p.A
How large is the market capitalisation of Italmobiliare S.p.A (ITM)?
The market capitalisation of Italmobiliare S.p.A is €1.1B. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Italmobiliare S.p.A (ITM)?
The price-to-sales ratio of Italmobiliare S.p.A is 1.33 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Italmobiliare S.p.A (ITM)?
Earnings per share at Italmobiliare S.p.A are €1.48 (price ÷ EPS = P/E 17.1). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Italmobiliare S.p.A (ITM)?
The dividend yield of Italmobiliare S.p.A is 4.3% (payout 74.3%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Italmobiliare S.p.A (ITM)?
The net margin of Italmobiliare S.p.A is 7.9% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Italmobiliare S.p.A (ITM)?
The return on equity (ROE) of Italmobiliare S.p.A is 4.6% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Italmobiliare S.p.A (ITM)?
On an EBIT basis the return on assets of Italmobiliare S.p.A is 4.8% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Italmobiliare S.p.A (ITM)?
The operating margin of Italmobiliare S.p.A is 7.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Italmobiliare S.p.A (ITM)?
Revenue at Italmobiliare S.p.A is growing +7.1% versus a year earlier (3y avg +16.7%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Italmobiliare S.p.A (ITM)?
Earnings per share at Italmobiliare S.p.A are growing +51.7% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Italmobiliare S.p.A (ITM) generate?
The free cash flow of Italmobiliare S.p.A is −€62.2M (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Italmobiliare S.p.A (ITM) carry?
The net debt of Italmobiliare S.p.A is €363M (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Nov 6, 2026