Added to YB: 2026-09-24
Pitch date: 2026-09-21
IRC.MI [bullish]
IRCE S.p.A.
-3.83%
current return
Author Info
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Company Info
IRCE S.p.A. engages in the winding conductors and electrical cables sector in Italy, the European Union, and the rest of European Union.
Market Cap
EUR 62.6M
Pitch Price
EUR 2.35
Price Target
5.04
Dividend
2.53%
EV/EBITDA
6.21
P/E
6.48
EV/Sales
0.38
Sector
Electrical Equipment
Category
value
IRCE (IRC) – A Family-Controlled Industrial at 0.38x TB
IRC.MI: IRCE is a family-controlled winding-wire and cable manufacturer trading at 0.38x tangible book despite 1H26 EBITDA nearly doubling to €20m after restructuring. A conservative FY28 asset scenario implies €3.00 per share including dividends, or 26% upside, while execution could deliver substantially more. The key risk is a capital-intensive transition: net debt reached €91m, cash flow is negative and new Czech and Chinese capacity has yet to reach normal utilization.
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