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← CockpitCompetitor Analysis › IEG.MI Italian Exhibition Group SpAOpen in the cockpit ↗

Italian Exhibition Group SpAIEG.MICompetitor analysis, valuation and peers

Italy · EUR·Industrials›Miscellaneous Commercial Services
Momentum strong 73
Mkt cap
$505M
US dollars, full cap
Free float
25%
of shares outstanding
$/day
$190,012
20-day average traded
Fwd P/E
13.2×
forward earnings
ROIC−WACC
+6.8 pp
WACC 5.9%
Hurdle
-33 pp
Req g minus delivered
Next earnings
6 days
12 Nov 2026
Close · EUR€14.60
1D+2.5%
1W+5.4%
1M+6.6%
3M-3.3%
6M+13.6%
YTD+66.3%
1Y+82.5%
ATR %3.9%
52w lowhigh19.6% off high

What Italian Exhibition does

Employees: 805

Italian Exhibition at a glance

Size Italian Exhibition (IEG.MI) is an Italy Industrials company (Miscellaneous Commercial Services) with a market value of $505M, the 107th largest of 123 Italy companies the cockpit tracks. Shares closed at €14.60 on 6 Nov 2026.

Performance Over six months the shares gained 13.6%, against -4.5% for the median peer and +3.1% for the Italy market (cap-weighted) — 4th highest of 21 in its peer set.

Growth Revenue grew 4.0% over the last twelve months (peer median +5.2%); the operating margin is 18.0% (peer median 7.8%).

Valuation It trades at 13.2× forward earnings against a peer median of 17.3× (3rd cheapest of 15).

Price implies For today's price to make sense, revenue must grow about -5% a year for seven years (Req g). Recent delivered growth is +28%, so the hurdle is -33 pp: the price already allows for a slowdown.

Capital Return on invested capital runs 6.8 points above its cost of capital (5.9% WACC).

Next results Next results expected around 12 Nov 2026 (exchange calendar; dates can move).

Relative performance

10012014011 May 202611 Aug 20266 Nov 2026IEG.MI 114Peer median 95
Six months, rebased to 100: Italian Exhibition against the median of its 20 peers (local-currency closes).

Italian Exhibition financials

Reported figures in EUR; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue€273M€260M€245M€208M€156M
Revenue growth—+6%+18%+33%—
Gross profit€55.4M€148M€142M€116M€2.92M
EBITDA€72.4M€63.0M€59.7M€38.7M€11.0M
Net income€33.6M€28.9M€32.0M€12.7M€725,000
Free cash flow€1.73M-€2.93M€25.7M€35.0M€21.7M
Capital expenditure€60.4M€44.4M€24.0M€10.7M€6.32M
Total debt€159M€116M€121M€134M€138M

Quarterly statements and history in the cockpit →

Italian Exhibition competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-40%-20%0%+20%-20%-10%0%+10%MHADIV688265301259300887300859ADN142903636603205GPI1477MAPMYINDIABTS-B23537722301038POSTI8771300864IEG.MI6-month return →1-month return →
Up and to the right = strong over both horizons. Italian Exhibition is the large dot.

Fundamentals: revenue growth against valuation

-10%0%+10%+20%10×20×30×MHADIV300887300859ADN142903636GPIMAPMYINDIABTS-B7722POSTI8771IEG.MIRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Italian Exhibition is the large dot.

Capital: growth delivered against growth the price implies

0%+20%+40%0%20%40%MHADIV300859ADN142903636603205MAPMYINDIABTS-B2353301038POSTI300864IEG.MIGrowth delivered (Del g) →Growth the price implies (Req g, 7 yrs) →
Above the diagonal = the price needs more growth than the company has been delivering; below = the price already allows for a slowdown. Italian Exhibition is the large dot.

Italian Exhibition competitors and peer comparison

How Italian Exhibition compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Italian Exhibition against its 20 peers (data as of 6 Nov 2026)
MeasureIEG.MIPeer medianRank in peer set
1-month return+6.6%-3.3%4th highest of 21
6-month return+13.6%-4.5%4th highest of 21
Distance from 52-week high-19.6%-27.9%10th highest of 21
Revenue growth (TTM)+4.0%+5.2%10th lowest of 21
Operating margin18.0%7.8%5th highest of 21
Forward P/E13.2×17.3×3rd cheapest of 15
Growth the price implies (Req g, 7 yrs)-4.8%-0.4%7th least demanding of 15
Growth delivered (Del g)+28.4%+11.6%3rd highest of 15
Hurdle (Req g minus delivered)-33.2 pp-5.6 pp2nd least demanding of 15
ROIC minus cost of capital+6.8 pp+3.1 pp8th highest of 20
EV / EBITDA7.8×8.7×6th cheapest of 13
Net debt / EBITDA1.5×-1.0×5th most indebted of 15

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
Italian Exhibition IEG.MIItaly$505M+14%+4%18%13.2×-4.8%+28.4%
MHA MHA.LUnited Kingdom$504M-4%+12%15%11.7×-15.0%+30.6%
Diversified Royalty DIV.TOCanada$507M-6%+15%86%17.7×13.0%+18.3%
Shanghai Model Organisms Center 688265.SSChina$503M+7%+14%-1%n/an/an/a
Hunan Airbluer Environmental Protection Technology 301259.SZChina$498M-47%-43%-17%n/an/an/a
Pony Testing 300887.SZChina$513M-35%-2%-12%31.4×n/an/a
Western Regions Tourism Development 300859.SZChina$513M-30%-13%15%25.4×38.8%+44.7%
adesso ADN1.DEGermany$513M+31%+13%4%16.8×2.1%+22.9%
Prestige International 4290.TJapan$518M-4%+10%13%13.4×-12.4%+11.8%
Mitsubishi Research Institute 3636.TJapan$489M+8%+4%7%11.2×-9.9%+4.1%
Jianerkang Medical 603205.SSChina$487M-19%-2%14%n/a-2.9%-8.8%
GPI GPI.MIItaly$487M-3%+2%6%15.4×n/an/a
Ocumension Therapeutics 1477.HKHong Kong$525M-29%+78%-13%n/an/an/a
C.E. Info Systems MAPMYINDIA.NSIndia$486M-13%+3%31%25.5×31.1%+25.5%
BTS BTS-B.STSweden$527M+76%-4%8%25.6×10.7%+13.0%
Nippon Parking Development 2353.TJapan$527M+8%+11%21%13.8×-7.8%+11.3%
LINE Pay Taiwan 7722.TWTaiwan$484M-16%+20%6%18.3×n/an/a
Shenzhen Water Planning & Design Institute 301038.SZChina$484M-26%+6%8%n/a20.2%-1.9%
Posti POSTI.HEFinland$529M+31%0%5%13.2×-5.4%-1.4%
eGuarantee 8771.TJapan$482M-5%+5%48%19.4×-6.7%+8.3%
Academy of Environmental Planning & Design Co., Ltd. Nanjing University 300864.SZChina$531M0%+5%18%n/a9.3%+10.6%

Questions

Which companies are Italian Exhibition's closest peers?
The cockpit's peer set: MHA (MHA.L), Diversified Royalty (DIV.TO), Shanghai Model Organisms Center (688265.SS), Hunan Airbluer Environmental Protection Technology (301259.SZ), Pony Testing (300887.SZ), Western Regions Tourism Development (300859.SZ), adesso (ADN1.DE), Prestige International (4290.T).
Is Italian Exhibition expensive compared with its peers?
On forward p/e it trades at 13.2× against a peer median of 17.3×, 3rd cheapest of 15 in its peer set. For today's price to make sense, revenue must grow about -5% a year for seven years (Req g). Recent delivered growth is +28%, so the hurdle is -33 pp: the price already allows for a slowdown.
How has Italian Exhibition stock performed?
Over six months to 6 Nov 2026 the shares returned +13.6% against -4.5% for the median peer; over one year +82.5%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.