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IRCE SpA
MIL:IRC

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IRCE SpA
MIL:IRC
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Price: 2.2 EUR Market Closed
Market Cap: €58.2m

EV/GP

1.5
Current
21%
More Expensive
vs 3-y average of 1.2

Enterprise Value to Gross Profit (EV/GP) ratio compares a company`s total enterprise value to its gross profit. It shows how much investors are paying for each dollar of the company`s gross profit, including both equity and debt.

EV/GP
1.5
=
Enterprise Value
€118.4m
/
Gross Profit
€84.2m

Enterprise Value to Gross Profit (EV/GP) ratio compares a company`s total enterprise value to its gross profit. It shows how much investors are paying for each dollar of the company`s gross profit, including both equity and debt.

EV/GP
1.5
=
Enterprise Value
€118.4m
/
Gross Profit
€84.2m

Valuation Scenarios

IRCE SpA is trading above its 3-year average

If EV/GP returns to its 3-Year Average (1.2), the stock would be worth €1.81 (18% downside from current price).

Statistics
Positive Scenarios
2/4
Maximum Downside
-18%
Maximum Upside
+95%
Average Upside
31%
Scenario EV/GP Value Implied Price Upside/Downside
Current Multiple 1.5 €2.2
0%
3-Year Average 1.2 €1.81
-18%
5-Year Average 1.2 €1.8
-18%
Industry Average 2.8 €4.29
+95%
Country Average 2.4 €3.61
+64%

Forward EV/GP
Today’s price vs future gross profit

Not enough data available to calculate forward EV/GP

Peer Comparison

All Multiples
EV/GP
P/E
All Countries
Close
Market Cap EV/GP P/E
IT
IRCE SpA
MIL:IRC
58.1m EUR 1.5 9.4
CN
Contemporary Amperex Technology Co Ltd
SZSE:300750
2T CNY 14.4 25.3
CH
Abb Ltd
SIX:ABBN
140.9B CHF 12.9 35.9
FR
Schneider Electric SE
PAR:SU
152.3B EUR 9.7 36.6
IE
Eaton Corporation PLC
NYSE:ETN
161.7B USD 16.3 39.3
US
Vertiv Holdings Co
NYSE:VRT
123.8B USD 29.2 75.1
US
Emerson Electric Co
NYSE:EMR
79.5B USD 8.7 33.7
KR
LG Energy Solution Ltd
KRX:373220
108.6T KRW 29.6 -103.1
JP
Fujikura Ltd
TSE:5803
10.4T JPY 34.2 72.2
US
AMETEK Inc
NYSE:AME
53.4B USD 19.8 35.5
FR
Legrand SA
PAR:LR
38.7B EUR 8.8 31.1
P/E Multiple
Earnings Growth PEG
IT
IRCE SpA
MIL:IRC
Average P/E: 39.4
9.4
N/A N/A
CN
Contemporary Amperex Technology Co Ltd
SZSE:300750
25.3
22%
1.1
CH
Abb Ltd
SIX:ABBN
35.9
13%
2.8
FR
Schneider Electric SE
PAR:SU
36.6
23%
1.6
IE
Eaton Corporation PLC
NYSE:ETN
39.3
19%
2.1
US
Vertiv Holdings Co
NYSE:VRT
75.1
43%
1.7
US
Emerson Electric Co
NYSE:EMR
33.7
25%
1.3
KR
LG Energy Solution Ltd
KRX:373220
Negative Multiple: -103.1 N/A N/A
JP
Fujikura Ltd
TSE:5803
72.2
44%
1.6
US
AMETEK Inc
NYSE:AME
35.5
14%
2.5
FR
Legrand SA
PAR:LR
31.1
14%
2.2

Market Distribution

Lower than 76% of companies in Italy
Percentile
24th
Based on 728 companies
24th percentile
1.5
Low
0.3 — 1.6
Typical Range
1.6 — 3.8
High
3.8 —
Distribution Statistics
Italy
Min 0.3
30th Percentile 1.6
Median 2.4
70th Percentile 3.8
Max 34.5

IRCE SpA
Glance View

Market Cap
58.2m EUR
Industry
Electrical Equipment

IRCE SpA is an important multinational company, which engages in the manufacture of wires for electrical machines and insulated cables. The company is headquartered in Imola, Bologna. The firm's activities are structured into two segments, Winding Wires and Cables. Winding Wires products include winding wires, which are used in the manufacture of electric motors, generators, transformers, relays and solenoids. Cables segment includes energy and data cables for the construction sector and for electrical equipment. The firm operates through factories located in Italy, in the municipalities of Imola, Guglionesi, Umbertide and Miradolo Terme, in the Netherlands, the United Kingdom, Brazil, India and Germany. Through its subsidiaries, the Company is also engaged in the distribution of its products. The Company’s subsidiaries include Isomet AG, Smit Draad Nijmegen BV, FD Sims Ltd, Isolveco Srl, DMG GmbH, IRCE SL, IRCE Ltda, ISODRA Gmbh, Stable Magnet Wire P Ltd and IRCE Kablo Ve Tel Ltd.

IRC Intrinsic Value
4.64 EUR
Undervaluation 53%
Intrinsic Value
Price €2.2
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