Iberpapel Gestion (IBG) AI Stock Analysis

6 Followers

Iberpapel Gestion

(BME:IBG)

Select Model

Rating:60Neutral

Price Target:EUR 17.00▲(2.41% Upside)

Action:reiterated

Date:11/07/26

The score is primarily supported by the conservative balance sheet and manageable debt, but declining revenue and profitability are significant risks. Bearish technical momentum and an exceptionally high P/E ratio further limit the outlook, despite the attractive dividend yield.

Positive Factors

Very low leverageVery low leverage and a large equity base provide financial resilience during cyclical weakness. The conservative capital structure reduces debt-service pressure and preserves flexibility to maintain operations, fund investment, or manage weaker paper-market conditions over the next several quarters.

Negative Factors

Falling revenue and negative EBITThe combination of declining revenue and a negative operating margin signals substantial pressure on the core paper business. If this trajectory persists, lower operating scale and weaker earnings conversion could reduce reinvestment capacity and make profitability more sensitive to market conditions.

Iberpapel Gestion (IBG) vs. iShares MSCI Spain ETF (EWP)

Market Cap: EUR 173.95M
Dividend Yield: 4.97%
Average Volume (3M): 3,130
Price to Earnings (P/E): -31.9
Beta (1Y): 0.32
Revenue Growth: -0.62%
EPS Growth: -144.04%
Country: Spain
Employees: 283
Sector: General
Sector Strength: 55
Industry: Paper, Lumber & Forest Products

Iberpapel Gestion Business Overview & Revenue Model

Company Description

Iberpapel Gestión, S.A., including its various subsidiaries, is globally active in manufacturing, distributing, and exporting paper for writing and printing. Its market reach extends across Spain, the broader European Union, Africa, and South America...

How the Company Makes Money

IBG makes money mainly by producing and selling paper products, with revenue recognized from the sale of uncoated woodfree (UWF) printing and writing paper to customers through its commercial/distribution channels. The core revenue stream is therefor...

Iberpapel Gestion Financial Statement Overview

Summary

A strong, low-debt balance sheet and generally positive cash generation offset sharply declining revenue, weakening margins, and a 2025 operating loss.

Income Statement

45Neutral

Balance Sheet

82Very Positive

Cash Flow

68Positive

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	220.96M	216.74M	238.19M	250.76M	295.02M	237.23M
Gross Profit	100.72M	91.09M	147.12M	145.94M	209.61M	147.96M
EBITDA	6.56M	9.09M	42.03M	66.65M	30.54M	22.96M
Net Income	-5.68M	6.06M	23.16M	47.13M	15.84M	9.29M
Balance Sheet
Total Assets	385.00M	389.07M	407.68M	389.03M	389.10M	385.84M
Cash, Cash Equivalents and Short-Term Investments	124.51M	127.63M	122.08M	118.75M	77.01M	105.24M
Total Debt	8.41M	13.04M	18.43M	24.29M	37.78M	52.12M
Total Liabilities	60.56M	56.99M	68.06M	70.63M	101.74M	116.19M
Stockholders Equity	324.44M	332.08M	339.62M	318.41M	287.36M	269.65M
Cash Flow
Free Cash Flow	0	8.47M	35.13M	27.61M	-4.61M	25.08M
Operating Cash Flow	0	18.93M	41.44M	33.01M	16.13M	46.88M
Investing Cash Flow	0	2.37M	-14.83M	32.76M	-23.71M	-21.80M
Financing Cash Flow	0	-15.51M	-18.36M	-23.69M	-21.18M	-46.32M

Iberpapel Gestion Technical Analysis

Technical Analysis SentimentNeutral

Last Price16.60

Price Trends

50DMA16.96Negative

100DMA17.69Negative

200DMA18.57Negative

Market Momentum

MACD-0.20Negative

RSI51.66Neutral

STOCH63.89Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ES:IBG, the sentiment is Neutral. The current price of 16.60 is above the 20-day moving average (MA) of 16.38, below the 50-day MA of 16.96, and below the 200-day MA of 18.57, indicating a neutral trend. The MACD of -0.20 indicates Negative momentum. The RSI at 51.66 is Neutral, neither overbought nor oversold. The STOCH value of 63.89 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for ES:IBG.

Iberpapel Gestion Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

ES:IBG against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ES:VID	78Outperform	EUR 3.30B	14.04	15.03%	1.68%	-2.65%	-22.90%
ES:VIS	77Outperform	EUR 2.56B	15.94	17.61%	5.72%	3.06%	2.48%
ES:IBG	60Neutral	EUR 173.95M	-31.89	-1.72%	4.97%	-0.62%	-144.04%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
ES:ENC	39Underperform	EUR 532.73M	-14.25	-8.44%	―	-1.34%	-26.52%

* General Sector Average

Performance Comparison

ES:IBG and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
ES:IBG	Iberpapel Gestion	16.60	-2.76	-14.24%
ES:ENC	ENCE Energia y Celulosa	2.22	-0.17	-6.96%
ES:MCM	Miquel y Costas and Miquel	9.96	-1.49	-13.02%
ES:VID	Vidrala SA	89.70	13.67	17.98%
ES:VIS	Viscofan SA	56.60	6.29	12.50%

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Nov 04, 2026

Iberpapel Gestion AI Stock Analysis