Why is IAG so undervalued?

I've been doing some research on IAG, and I'm genuinely curious as to why the company seems to be so undervalued. Their financials are strong, they have a solid track record of growth, and they're in a promising industry. So, what gives? Is there something I'm missing? Could it be that the market is simply not recognizing their true potential? Or could there be some external factors at play, like regulatory changes or economic headwinds? I'd love to hear your thoughts on this.