ICF INTERNATIONAL INC (ICFI) Stock Fundamental Analysis
NASDAQ:ICFI - Nasdaq - US44925C1036 - Common Stock - Currency: USD
We assign a fundamental rating of 5 out of 10 to ICFI. ICFI was compared to 82 industry peers in the Professional Services industry. ICFI has only an average score on both its financial health and profitability. ICFI has a valuation in line with the averages, but it does not seem to be growing.
1. Profitability
1.1 Basic Checks
ICFI had positive earnings in the past year.
In the past year ICFI had a positive cash flow from operations.
ICFI had positive earnings in each of the past 5 years.
Each year in the past 5 years ICFI had a positive operating cash flow.
1.2 Ratios
The Return On Assets of ICFI (5.29%) is better than 60.98% of its industry peers.
ICFI's Return On Equity of 11.32% is in line compared to the rest of the industry. ICFI outperforms 56.10% of its industry peers.
ICFI's Return On Invested Capital of 7.97% is in line compared to the rest of the industry. ICFI outperforms 57.32% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for ICFI is significantly below the industry average of 12.61%.
The 3 year average ROIC (6.90%) for ICFI is below the current ROIC(7.97%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.29% | ||
| ROE | 11.32% | ||
| ROIC | 7.97% |
ROA(3y)4.17%
ROA(5y)3.93%
ROE(3y)9.25%
ROE(5y)8.79%
ROIC(3y)6.9%
ROIC(5y)6.58%
1.3 Margins
The Profit Margin of ICFI (5.45%) is better than 64.63% of its industry peers.
In the last couple of years the Profit Margin of ICFI has grown nicely.
ICFI has a Operating Margin of 8.11%. This is in the better half of the industry: ICFI outperforms 67.07% of its industry peers.
In the last couple of years the Operating Margin of ICFI has grown nicely.
The Gross Margin of ICFI (36.71%) is comparable to the rest of the industry.
ICFI's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 8.11% | ||
| PM (TTM) | 5.45% | ||
| GM | 36.71% |
OM growth 3Y4.76%
OM growth 5Y3.67%
PM growth 3Y6.01%
PM growth 5Y3.2%
GM growth 3Y-0.36%
GM growth 5Y0.56%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), ICFI is destroying value.
The number of shares outstanding for ICFI has been reduced compared to 1 year ago.
ICFI has less shares outstanding than it did 5 years ago.
ICFI has a better debt/assets ratio than last year.
2.2 Solvency
An Altman-Z score of 2.78 indicates that ICFI is not a great score, but indicates only limited risk for bankruptcy at the moment.
ICFI has a Altman-Z score (2.78) which is comparable to the rest of the industry.
ICFI has a debt to FCF ratio of 4.00. This is a good value and a sign of high solvency as ICFI would need 4.00 years to pay back of all of its debts.
The Debt to FCF ratio of ICFI (4.00) is comparable to the rest of the industry.
ICFI has a Debt/Equity ratio of 0.53. This is a neutral value indicating ICFI is somewhat dependend on debt financing.
The Debt to Equity ratio of ICFI (0.53) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.53 | ||
| Debt/FCF | 4 | ||
| Altman-Z | 2.78 |
ROIC/WACC0.92
WACC8.66%
2.3 Liquidity
ICFI has a Current Ratio of 1.34. This is a normal value and indicates that ICFI is financially healthy and should not expect problems in meeting its short term obligations.
ICFI's Current ratio of 1.34 is in line compared to the rest of the industry. ICFI outperforms 48.78% of its industry peers.
A Quick Ratio of 1.34 indicates that ICFI should not have too much problems paying its short term obligations.
With a Quick ratio value of 1.34, ICFI perfoms like the industry average, outperforming 48.78% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.34 | ||
| Quick Ratio | 1.34 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an nice 8.05% over the past year.
The Earnings Per Share has been growing by 11.73% on average over the past years. This is quite good.
Looking at the last year, ICFI shows a small growth in Revenue. The Revenue has grown by 1.95% in the last year.
The Revenue has been growing slightly by 6.44% on average over the past years.
EPS 1Y (TTM)8.05%
EPS 3Y14.29%
EPS 5Y11.73%
EPS Q2Q%9.6%
Revenue 1Y (TTM)1.95%
Revenue growth 3Y9.16%
Revenue growth 5Y6.44%
Sales Q2Q%-1.38%
3.2 Future
Based on estimates for the next years, ICFI will show a decrease in Earnings Per Share. The EPS will decrease by -0.39% on average per year.
Based on estimates for the next years, ICFI will show a decrease in Revenue. The Revenue will decrease by -1.99% on average per year.
EPS Next Y-2.9%
EPS Next 2Y-0.39%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year-5.34%
Revenue Next 2Y-1.99%
Revenue Next 3YN/A
Revenue Next 5YN/A
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 11.80, which indicates a very decent valuation of ICFI.
82.93% of the companies in the same industry are more expensive than ICFI, based on the Price/Earnings ratio.
ICFI is valuated cheaply when we compare the Price/Earnings ratio to 26.31, which is the current average of the S&P500 Index.
The Price/Forward Earnings ratio is 12.17, which indicates a correct valuation of ICFI.
Based on the Price/Forward Earnings ratio, ICFI is valued a bit cheaper than 76.83% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 22.13. ICFI is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.8 | ||
| Fwd PE | 12.17 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of ICFI indicates a somewhat cheap valuation: ICFI is cheaper than 76.83% of the companies listed in the same industry.
Based on the Price/Free Cash Flow ratio, ICFI is valued a bit cheaper than 73.17% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 12.44 | ||
| EV/EBITDA | 9.7 |
4.3 Compensation for Growth
ICFI has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)1.01
EPS Next 2Y-0.39%
EPS Next 3YN/A
5. Dividend
5.1 Amount
ICFI has a yearly dividend return of 0.64%, which is pretty low.
ICFI's Dividend Yield is a higher than the industry average which is at 2.10.
With a Dividend Yield of 0.64, ICFI pays less dividend than the S&P500 average, which is at 2.40.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.64% |
5.2 History
The dividend of ICFI has a limited annual growth rate of 0.11%.
ICFI has been paying a dividend for over 5 years, so it has already some track record.
As ICFI did not decrease their dividend in the past 5 years, we can say the dividend looks stable.
Dividend Growth(5Y)0.11%
Div Incr Years0
Div Non Decr Years6
5.3 Sustainability
9.56% of the earnings are spent on dividend by ICFI. This is a low number and sustainable payout ratio.
DP9.56%
EPS Next 2Y-0.39%
EPS Next 3YN/A
87.08
-1.03 (-1.17%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCommercial & Professional Services
GICS IndustryProfessional Services
Earnings (Last)
Earnings (Next)
Inst Owners97.16%
Inst Owner Change0.28%
Ins Owners1.33%
Ins Owner Change4.19%
Market Cap1.60B
Analysts83.64
Price Target104.55 (20.06%)
Short Float %3.43%
Short Ratio2.71
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.64% |
Yearly Dividend0.56
Dividend Growth(5Y)0.11%
DP9.56%
Div Incr Years0
Div Non Decr Years6
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)3.87%
Min EPS beat(2)-1.57%
Max EPS beat(2)9.31%
EPS beat(4)3
Avg EPS beat(4)5.64%
Min EPS beat(4)-1.57%
Max EPS beat(4)10.9%
EPS beat(8)7
Avg EPS beat(8)7.46%
EPS beat(12)9
Avg EPS beat(12)5.74%
EPS beat(16)12
Avg EPS beat(16)7.83%
Revenue beat(2)0
Avg Revenue beat(2)-1.73%
Min Revenue beat(2)-1.89%
Max Revenue beat(2)-1.57%
Revenue beat(4)0
Avg Revenue beat(4)-2.05%
Min Revenue beat(4)-4.01%
Max Revenue beat(4)-0.75%
Revenue beat(8)1
Avg Revenue beat(8)-1.55%
Revenue beat(12)1
Avg Revenue beat(12)-1.59%
Revenue beat(16)3
Avg Revenue beat(16)-1.23%
PT rev (1m)-2.38%
PT rev (3m)-18.65%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-5.13%
EPS NY rev (1m)0%
EPS NY rev (3m)-15.71%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.84%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.92%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.8 | ||
| Fwd PE | 12.17 | ||
| P/S | 0.8 | ||
| P/FCF | 12.44 | ||
| P/OCF | 10.79 | ||
| P/B | 1.65 | ||
| P/tB | N/A | ||
| EV/EBITDA | 9.7 |
EPS(TTM)7.38
EY8.47%
EPS(NY)7.15
Fwd EY8.21%
FCF(TTM)7
FCFY8.04%
OCF(TTM)8.07
OCFY9.26%
SpS109.34
BVpS52.63
TBVpS-20.91
PEG (NY)N/A
PEG (5Y)1.01
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.29% | ||
| ROE | 11.32% | ||
| ROCE | 9.64% | ||
| ROIC | 7.97% | ||
| ROICexc | 8% | ||
| ROICexgc | 40.42% | ||
| OM | 8.11% | ||
| PM (TTM) | 5.45% | ||
| GM | 36.71% | ||
| FCFM | 6.4% |
ROA(3y)4.17%
ROA(5y)3.93%
ROE(3y)9.25%
ROE(5y)8.79%
ROIC(3y)6.9%
ROIC(5y)6.58%
ROICexc(3y)6.93%
ROICexc(5y)6.61%
ROICexgc(3y)39.19%
ROICexgc(5y)34.68%
ROCE(3y)8.35%
ROCE(5y)7.95%
ROICexcg growth 3Y22.5%
ROICexcg growth 5Y12.7%
ROICexc growth 3Y10.75%
ROICexc growth 5Y1.3%
OM growth 3Y4.76%
OM growth 5Y3.67%
PM growth 3Y6.01%
PM growth 5Y3.2%
GM growth 3Y-0.36%
GM growth 5Y0.56%
F-Score6
Asset Turnover0.97
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.53 | ||
| Debt/FCF | 4 | ||
| Debt/EBITDA | 2.35 | ||
| Cap/Depr | 36.13% | ||
| Cap/Sales | 0.98% | ||
| Interest Coverage | 6.08 | ||
| Cash Conversion | 68.22% | ||
| Profit Quality | 117.46% | ||
| Current Ratio | 1.34 | ||
| Quick Ratio | 1.34 | ||
| Altman-Z | 2.78 |
F-Score6
WACC8.66%
ROIC/WACC0.92
Cap/Depr(3y)41.98%
Cap/Depr(5y)48.13%
Cap/Sales(3y)1.19%
Cap/Sales(5y)1.21%
Profit Quality(3y)169.39%
Profit Quality(5y)183.54%
High Growth Momentum
Growth
EPS 1Y (TTM)8.05%
EPS 3Y14.29%
EPS 5Y11.73%
EPS Q2Q%9.6%
EPS Next Y-2.9%
EPS Next 2Y-0.39%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)1.95%
Revenue growth 3Y9.16%
Revenue growth 5Y6.44%
Sales Q2Q%-1.38%
Revenue Next Year-5.34%
Revenue Next 2Y-1.99%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y15.18%
EBIT growth 3Y14.35%
EBIT growth 5Y10.34%
EBIT Next Year25.08%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y0.59%
FCF growth 3Y18.46%
FCF growth 5Y18.41%
OCF growth 1Y-2.62%
OCF growth 3Y15.9%
OCF growth 5Y13.42%