I Grandi Viaggi SpA
I Grandi Viaggi SpA operates in the leisure and recreation industry, providing travel and tourism services to consumers.
Business. I Grandi Viaggi SpA (IGV.MI) is an Italian leisure and recreation company headquartered in Italy. The firm operates within the Cyclical Consumer Services sector, providing services related to travel and tourism. It is listed on the Borsa Italiana. Specific operating segments and geographic breakdowns are not disclosed in the available data.
Analyst recommendations
1 analysts · consensus HoldAt a glance
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- Macro
- Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
- Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
- Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
- Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
- Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
- Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
- Macro & political
- ElectionSE Swedish Election2026-09-14 · SE
- ElectionUS U.S. Midterms2026-11-03 · US
- ElectionFR French Legislative2027-06-01 · FR
Pre-earnings brief
Signals & dispatch
Composite-score breakdown
Synthesis
I Grandi Viaggi SpA (IGV.MI) is an Italian leisure and recreation company headquartered in Italy. The firm operates within the Cyclical Consumer Services sector, providing services related to travel and tourism. It is listed on the Borsa Italiana. Specific operating segments and geographic breakdowns are not disclosed in the available data.
I Grandi Viaggi SpA has a liquidity ratio of 0.72, indicating a low liquidity position, with cash and equivalents amounting to 8,085,000 EUR. The company's debt-to-equity ratio is 0.09, suggesting a relatively low level of leverage. The return on equity is -4.17%, and the return on assets is -2.62%, both of which are negative, indicating poor profitability.
The company's operating income is -3,012,000 EUR, and its net income is -2,548,000 EUR, reflecting a significant loss in operations. The gross profit is 459,000 EUR, which is much lower than the operating and net losses, indicating high operating costs. The company's performance is below the industry median for return on equity and return on assets, suggesting underperformance relative to its peers.
The company's revenue is concentrated in a single segment, with no disclosed geographic diversification. This lack of diversification increases the risk associated with the company's revenue streams. The company's capital expenditure is -820,000 EUR, indicating a reduction in investment in long-term assets.
The company's revenue is expected to remain flat in the current fiscal year, with no significant growth anticipated in the next fiscal year. The company's operating cash flow is -2,761,000 EUR, and its free cash flow is -2,736,000 EUR, both of which are negative, indicating a cash outflow from operations. The company's liquidity risk is low, and there are no immediate filing-based liquidity or dilution flags.
Recent filings and transcripts do not indicate any significant events that would impact the company's operations or financial position. The company's analyst estimates suggest a mean price target of 2.30 EUR, with a median price target of 2.30 EUR. The mean recommendation is 3.00, indicating a hold rating.
- I Grandi Viaggi SpA has a low liquidity position with a current ratio of 0.72.
- The company is underperforming in terms of profitability, with a negative return on equity and return on assets.
- The company's revenue is concentrated in a single segment, increasing its risk exposure.
- Analysts have a neutral outlook on the company, with a mean recommendation of 3.00.
- The company has no immediate liquidity or dilution risks.
Bull / Bear case
Generated · model-assistedIn focus — financials by report
Revenue €67.0M, +7,0% YoY; Operating income −35,3% YoY.
- ▍Revenue €67.0M, +7,0% YoY
- ▍Operating income −35,3% YoY
- ▍Net income +9,0% YoY
- ▍Free cash flow +72,9% YoY
- ▍Net margin 5.0%
Revenue €62.6M, +9,8% YoY; Operating income +41,1% YoY.
- ▍Revenue €62.6M, +9,8% YoY
- ▍Operating income +41,1% YoY
- ▍Net income +13,1% YoY
- ▍Free cash flow +63,9% YoY
- ▍Net margin 4.9%
Revenue €57.0M, +16,3% YoY; Operating income +951,5% YoY.
- ▍Revenue €57.0M, +16,3% YoY
- ▍Operating income +951,5% YoY
- ▍Net income +1 639,0% YoY
- ▍Free cash flow +118,4% YoY
- ▍Net margin 4.8%
Revenue €49.0M, +69,7% YoY; Operating income +120,0% YoY.
- ▍Revenue €49.0M, +69,7% YoY
- ▍Operating income +120,0% YoY
- ▍Net income +87,9% YoY
- ▍Free cash flow +0,9% YoY
- ▍Net margin -0.4%
Revenue €28.9M; Operating income -€1.6M.
- ▍Revenue €28.9M
- ▍Operating income -€1.6M
- ▍Net margin -5.1%
Valuation FY
Revenue by segment
Business relationships
Supply chain
Peer comparison
Market position
Stress test
Predictor forecast
| Metric | Our forecast | Guidance | Consensus |
|---|---|---|---|
| EPS | —no estimate | —no estimate | 0,07 |
| Revenue | —no estimate | —no estimate | 72,0M EUR |
| Operating income | —no estimate | —no estimate | 4,0M EUR |
Options
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Earnings-call key lines
Consensus distribution
sell-side coverageEstimate revisions
consensus EPS · 26-week trendSell-side observations
Themes
ESG
Risk factors
- No immediate filing-based liquidity or dilution flags were detected.
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- Net Cashcash_and_equivalents + short_term_investments - short_term_debt - long_term_debt
- Capex To Revenuecapital_expenditure / revenue
- Return On Equitynet_income / total_equity
- Debt To Equity(short_term_debt + long_term_debt) / total_equity
- Cash Conversion Ratiooperating_cash_flow / net_income
- I Grandi Viaggi SpA Market data — financials · 2026-05-28
- I Grandi Viaggi SpA Market data — analyst estimates · 2026-05-28