Subscribe

Immobiliare Grande Distribuzione SIIQ S.p.A. (IGD.MI)

EUR4.15 +0.06 (+1.34%)
IT MIL Real Estate REIT - Retail
Address Via Trattati Comunitari Europei 40127
Bologna, BO, IT
CEO Roberto Zoia
IPO 2005-02-11
ISIN IT0005322612

Explore sections of this company profile

Also trades on Italian Stock Exchange · IGD.MI (EUR) Other OTC · IMMQF (USD)
Description

Immobiliare Grande Distribuzione SIIQ S.p.A. is a key player in Italy’s retail real estate sector. IGD owns a rich portfolio of shopping centres located throughout Italy, which are managed by in-house asset, property, facility and leasing management divisions. IGD also acts as a service provider, managing portfolios of institutional third parties. An extensive domestic presence, a solid financial structure, the ability to plan, monitor and manage all phases of a center’s life cycle, both freehold and leasehold, as well as ongoing investments in retail and technology innovation, ensure IGD’s position as a point of reference in the retail real estate sector. The Company, listed on Borsa Italiana’s STAR segment, was the first SIIQ (Società di Investimento Immobiliare Quotata or real estate investment trust) in Italy. IGD’s freehold portfolio, valued at more than 1,704.8 million euros at 31 December 2025, includes 8 hypermarkets and supermarkets, 25 shopping malls and retail parks in Italy and a portfolio of shopping centres in 8 Romanian cities, which are managed directly based on the same model used in Italy. The Company also holds 40% of two real estate funds which are comprised of 13 hypermarkets, 4 supermarkets and 2 shopping malls for which IGD manages project, property & facility management activities. Immobiliare Grande Distribuzione SIIQ S.p.A. was incorporated in 1977 in Italy.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
Loading outlook…
Loading forecast...
Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
Loading risk profile…
Price Chart
Averages
Trend
Price
Levels
Draw
EUR4.15 +0.06 (+1.34%)
Loading historical data…
Volume Profile
Loading…
Liquidity & share structure
Average Volume
79.8K
Beta
1.01
Float Shares
50.16M
Free Float %
45.5%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+0.00% -3.18% -4.09% +9.47% +12.16% +19.68% +40.58% +58.49% -0.97% -43.96% -65.35%
Rolling Volatility
Loading…
Drawdown
Loading…
Relative Strength
Loading…
Monthly Returns Heatmap
From To
Loading…
Annual Monthly Returns
Loading…
Daily Returns Distribution
vs.
Loading histogram data…

Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
4.15
Ratings Trend (MoM) 100% Bullish
Rating 2026-05 Change
Strong Buy 2 0
Buy 2 0
Hold 0 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
0.56
Distress
Piotroski F-Score
7 / 9
Strong
Composite Rating
B+
Overall Score
3 / 5
Medium
DCF Score
1 / 5
Low
ROE Score
3 / 5
Medium
ROA Score
4 / 5
High
D/E Score
2 / 5
Medium
P/E Score
3 / 5
Medium
P/Book Score
5 / 5
High
Operational MOAT
  • Revenue growth
    +2.7% Q1'26: +7.9% (vs Q1'25)
  • EPS growth
    +207.4% Q1'26: +266.4% (vs Q1'25)
  • FCF margin
    Q1'26: +10.4% (vs Q1'25)
  • EBIT margin
    Q1'26: +52.4% (vs Q1'25)
  • ROIC
    Q1'26: +4.0% (vs Q1'25)
  • Share dilution
    +0.1% Q1'26: 0.0% (vs Q1'25)
  • Debt / EBITDA
    8.68× Q1'26: 10.82× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (1.01) × ERP
WACC = 37% × Ke + 63% × Kd (7.5%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Current price: 4.15
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 2015
actual
Dec 2016
actual
Dec 2017
actual
Dec 2018
actual
Dec 2019
actual
Dec 2020
actual
Dec 2021
actual
Dec 2022
actual
Dec 2023
actual
Dec 2024
actual
Dec 2025
actual
Dec 2026
2 Rev. Ana.
3 EPS Ana.
Dec 2027
2 Rev. Ana.
3 EPS Ana.
Dec 2028
2 Rev. Ana.
3 EPS Ana.
Revenue
123.43M
est: 125.73M (-1.8%)
133.30M
est: 136.40M (-2.3%)
144.03M
est: 149.05M (-3.4%)
156.21M
est: 162.94M (-4.1%)
155.67M
est: 162.67M (-4.3%)
146.29M
est: 151.10M (-3.2%)
145.54M
est: 145.17M (+0.3%)
144.79M
est: 139.13M (+4.1%)
148.62M
est: 150.16M (-1.0%)
137.03M
est: 140.80M (-2.7%)
140.79M
est: 140.58M (+0.2%)
133.00M
131.59M – 134.41M
-5.4% YoY
131.28M
129.90M – 132.65M
-1.3% YoY
131.77M
127.83M – 135.71M
+0.4% YoY
EBITDA
74.32M
est: 29.51M (+151.8%)
83.72M
est: 32.02M (+161.5%)
116.43M
est: 34.98M (+232.8%)
106.86M
est: 38.24M (+179.4%)
118.45M
est: 38.18M (+210.2%)
-57.41M
est: 35.47M (-261.9%)
112.96M
est: 34.07M (+231.5%)
98.80M
est: 32.66M (+202.5%)
-28.81M
est: 66.68M (-143.2%)
41.29M
est: 62.53M (-34.0%)
92.13M
est: 62.43M (+47.6%)
59.06M
58.44M – 59.69M
-5.4% YoY
58.30M
57.69M – 58.91M
-1.3% YoY
58.52M
56.76M – 60.27M
+0.4% YoY
EBIT
72.26M
est: 3.91M (+1,748.5%)
100.70M
est: 4.24M (+2,274.7%)
115.07M
est: 4.63M (+2,383.1%)
74.59M
est: 5.07M (+1,372.4%)
44.08M
est: 5.06M (+771.5%)
-58.02M
est: 4.70M (-1,335.1%)
84.29M
est: 4.51M (+1,767.6%)
5.29M
est: 4.33M (+22.2%)
-29.95M
est: 46.60M (-164.3%)
39.96M
est: 43.70M (-8.6%)
92.13M
est: 43.63M (+111.2%)
41.28M
40.84M – 41.71M
-5.4% YoY
40.74M
40.31M – 41.17M
-1.3% YoY
40.89M
39.67M – 42.12M
+0.4% YoY
Net Income
45.64M
est: 59.53M (-23.3%)
68.33M
est: 67.87M (+0.7%)
86.45M
est: 110.33M (-21.6%)
46.39M
est: 88.98M (-47.9%)
12.59M
est: 77.96M (-83.8%)
-74.32M
est: 51.79M (-243.5%)
52.77M
est: 62.13M (-15.1%)
-22.32M
est: 67.67M (-133.0%)
-81.73M
est: -67.21M (-21.6%)
-30.08M
est: 32.88M (-191.5%)
32.00M
est: 33.09M (-3.3%)
41.01M
37.11M – 44.90M
+23.9% YoY
56.00M
42.63M – 62.33M
+36.6% YoY
58.03M
53.77M – 62.29M
+3.6% YoY
SGA
9.65M
est: 6.07M (+59.0%)
9.91M
est: 6.59M (+50.4%)
1.63M
est: 7.20M (-77.3%)
0.29
est: 7.87M (-100.0%)
11.86M
est: 7.85M (+50.9%)
12.01M
est: 7.30M (+64.6%)
14.59M
est: 7.01M (+108.1%)
3.10M
est: 6.72M (-53.8%)
3.00M
est: 4.79M (-37.3%)
2.39M
est: 4.49M (-46.6%)
est: 4.48M (-100.0%)
4.24M
4.19M – 4.28M
-5.4% YoY
4.18M
4.14M – 4.23M
-1.3% YoY
4.20M
4.07M – 4.32M
+0.4% YoY
EPS
0.56
est: 0.54 (+3.7%)
0.78
est: 0.62 (+26.6%)
1.06
est: 1.00 (+5.9%)
0.46
est: 0.81 (-43.0%)
0.11
est: 0.71 (-84.5%)
-0.67
est: 0.47 (-242.6%)
0.48
est: 0.56 (-14.9%)
-0.20
est: 0.61 (-132.6%)
-0.74
est: -0.61 (-21.5%)
-0.27
est: 0.30 (-190.6%)
0.29
est: 0.30 (-3.3%)
0.37
0.34 – 0.41
+24.9% YoY
0.46
0.39 – 0.56
+22.7% YoY
0.52
0.49 – 0.56
+13.3% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-08 B+ 3/5 1/5 3/5 4/5 2/5 3/5 5/5
2026-05-07 B+ 3/5 1/5 3/5 4/5 2/5 3/5 5/5
2026-05-06 B+ 3/5 1/5 3/5 4/5 2/5 3/5 5/5
2026-05-05 B+ 3/5 1/5 3/5 4/5 2/5 3/5 5/5
2026-05-04 B+ 3/5 1/5 3/5 4/5 2/5 3/5 5/5
2026-04-30 B 3/5 1/5 2/5 4/5 2/5 3/5 5/5
2026-04-29 B 3/5 1/5 2/5 4/5 2/5 3/5 5/5
2026-04-28 B 3/5 1/5 2/5 4/5 2/5 3/5 5/5
2026-04-27 B 3/5 1/5 2/5 4/5 2/5 3/5 5/5
2026-04-24 B 3/5 1/5 2/5 4/5 2/5 3/5 5/5
2026-04-23 B 3/5 1/5 2/5 4/5 2/5 3/5 5/5
2026-04-22 B 3/5 1/5 2/5 4/5 2/5 3/5 5/5
2026-04-21 B 3/5 1/5 2/5 4/5 1/5 3/5 5/5
2026-04-20 B 3/5 1/5 2/5 4/5 1/5 3/5 5/5
2026-04-17 B 3/5 1/5 2/5 4/5 1/5 3/5 5/5
2026-04-16 B 3/5 1/5 2/5 4/5 1/5 3/5 5/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
28.90M
OE per share TTM
0.26
Owner's Yield
6.21%
Maintenance CapEx ratio
29.29%
Maint CapEx / Avg PPE
23.0%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock Held by 26 ETFs in our universe

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
575.8K
Shares Outstanding
110.34M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Roberto Zoia Chief Executive Officer, GM & Director 236.0K male
Andrea Bonvicini Director of Finance Division male
Carlo Barban Director of Admin, Legal & Corporation Affairs, Contracts, HR & IT and Financial Reporting Officer male
Claudia Contarini Investor Relations Manager female
Laura Poggi Head of Commercial Department
Raffaele Nardi Director of Planning, Control & Investor Relations male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

Share your view on this stock and instantly see how the community has voted over the last 6 months.

These are community opinions and do not constitute buy or sell advice to act on. The results shown are based on aggregated opinions and are not an investment recommendation, nor do they intend to influence any investment decision.

Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits