IMCD NV (IMCD.AS) Stock Fundamental Analysis

Europe • Euronext Amsterdam • AMS:IMCD • NL0010801007

87.28 EUR
+7.88 (+9.92%)
Last: Feb 4, 2026, 07:00 PM
Fundamental Rating

5

IMCD gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 19 industry peers in the Trading Companies & Distributors industry. IMCD has an excellent profitability rating, but there are concerns on its financial health. IMCD has a decent growth rate and is not valued too expensively.


Dividend Valuation Growth Profitability Health

7

1. Profitability

1.1 Basic Checks

  • IMCD had positive earnings in the past year.
  • In the past year IMCD had a positive cash flow from operations.
  • Each year in the past 5 years IMCD has been profitable.
  • In the past 5 years IMCD always reported a positive cash flow from operatings.
IMCD.AS Yearly Net Income VS EBIT VS OCF VS FCFIMCD.AS Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M 400M

1.2 Ratios

  • With a decent Return On Assets value of 5.77%, IMCD is doing good in the industry, outperforming 63.16% of the companies in the same industry.
  • IMCD has a better Return On Equity (13.50%) than 68.42% of its industry peers.
  • With a decent Return On Invested Capital value of 8.81%, IMCD is doing good in the industry, outperforming 63.16% of the companies in the same industry.
  • IMCD had an Average Return On Invested Capital over the past 3 years of 9.57%. This is in line with the industry average of 10.48%.
Industry RankSector Rank
ROA 5.77%
ROE 13.5%
ROIC 8.81%
ROA(3y)7.11%
ROA(5y)6.42%
ROE(3y)16.08%
ROE(5y)14.41%
ROIC(3y)9.57%
ROIC(5y)8.66%
IMCD.AS Yearly ROA, ROE, ROICIMCD.AS Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 5 10 15

1.3 Margins

  • IMCD has a better Profit Margin (5.54%) than 63.16% of its industry peers.
  • IMCD's Profit Margin has improved in the last couple of years.
  • IMCD's Operating Margin of 8.94% is fine compared to the rest of the industry. IMCD outperforms 68.42% of its industry peers.
  • IMCD's Operating Margin has improved in the last couple of years.
  • IMCD's Gross Margin of 22.48% is on the low side compared to the rest of the industry. IMCD is outperformed by 63.16% of its industry peers.
  • In the last couple of years the Gross Margin of IMCD has grown nicely.
Industry RankSector Rank
OM 8.94%
PM (TTM) 5.54%
GM 22.48%
OM growth 3Y0.9%
OM growth 5Y6.54%
PM growth 3Y-0.83%
PM growth 5Y7.95%
GM growth 3Y1.7%
GM growth 5Y2.81%
IMCD.AS Yearly Profit, Operating, Gross MarginsIMCD.AS Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 5 10 15 20

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3

2. Health

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), IMCD is creating some value.
  • Compared to 1 year ago, IMCD has more shares outstanding
  • The number of shares outstanding for IMCD has been increased compared to 5 years ago.
  • Compared to 1 year ago, IMCD has an improved debt to assets ratio.
IMCD.AS Yearly Shares OutstandingIMCD.AS Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 10M 20M 30M 40M 50M
IMCD.AS Yearly Total Debt VS Total AssetsIMCD.AS Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 1B 2B 3B 4B

2.2 Solvency

  • An Altman-Z score of 2.90 indicates that IMCD is not a great score, but indicates only limited risk for bankruptcy at the moment.
  • IMCD has a Altman-Z score (2.90) which is comparable to the rest of the industry.
  • IMCD has a debt to FCF ratio of 8.11. This is a slightly negative value and a sign of low solvency as IMCD would need 8.11 years to pay back of all of its debts.
  • IMCD has a Debt to FCF ratio (8.11) which is comparable to the rest of the industry.
  • A Debt/Equity ratio of 0.70 indicates that IMCD is somewhat dependend on debt financing.
  • IMCD has a Debt to Equity ratio of 0.70. This is in the lower half of the industry: IMCD underperforms 73.68% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.7
Debt/FCF 8.11
Altman-Z 2.9
ROIC/WACC1.4
WACC6.3%
IMCD.AS Yearly LT Debt VS Equity VS FCFIMCD.AS Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B 2B

2.3 Liquidity

  • A Current Ratio of 1.75 indicates that IMCD should not have too much problems paying its short term obligations.
  • With a Current ratio value of 1.75, IMCD is not doing good in the industry: 63.16% of the companies in the same industry are doing better.
  • IMCD has a Quick Ratio of 1.04. This is a normal value and indicates that IMCD is financially healthy and should not expect problems in meeting its short term obligations.
  • IMCD's Quick ratio of 1.04 is on the low side compared to the rest of the industry. IMCD is outperformed by 68.42% of its industry peers.
Industry RankSector Rank
Current Ratio 1.75
Quick Ratio 1.04
IMCD.AS Yearly Current Assets VS Current LiabilitesIMCD.AS Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B 2B

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4

3. Growth

3.1 Past

  • The earnings per share for IMCD have decreased by -6.82% in the last year.
  • The Earnings Per Share has been growing by 18.74% on average over the past years. This is quite good.
  • IMCD shows a small growth in Revenue. In the last year, the Revenue has grown by 6.09%.
  • The Revenue has been growing by 11.94% on average over the past years. This is quite good.
EPS 1Y (TTM)-6.82%
EPS 3Y10.14%
EPS 5Y18.74%
EPS Q2Q%-23.63%
Revenue 1Y (TTM)6.09%
Revenue growth 3Y11.23%
Revenue growth 5Y11.94%
Sales Q2Q%-0.88%

3.2 Future

  • IMCD is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 6.20% yearly.
  • Based on estimates for the next years, IMCD will show a small growth in Revenue. The Revenue will grow by 4.39% on average per year.
EPS Next Y-8.95%
EPS Next 2Y-2.04%
EPS Next 3Y1.4%
EPS Next 5Y6.2%
Revenue Next Year1.67%
Revenue Next 2Y3.34%
Revenue Next 3Y3.92%
Revenue Next 5Y4.39%

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.
IMCD.AS Yearly Revenue VS EstimatesIMCD.AS Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 2B 4B 6B
IMCD.AS Yearly EPS VS EstimatesIMCD.AS Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2 4 6 8

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4

4. Valuation

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 18.97, the valuation of IMCD can be described as rather expensive.
  • 78.95% of the companies in the same industry are more expensive than IMCD, based on the Price/Earnings ratio.
  • Compared to an average S&P500 Price/Earnings ratio of 28.25, IMCD is valued a bit cheaper.
  • Based on the Price/Forward Earnings ratio of 14.91, the valuation of IMCD can be described as correct.
  • Based on the Price/Forward Earnings ratio, IMCD is valued a bit cheaper than the industry average as 68.42% of the companies are valued more expensively.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 27.50, IMCD is valued a bit cheaper.
Industry RankSector Rank
PE 18.97
Fwd PE 14.91
IMCD.AS Price Earnings VS Forward Price EarningsIMCD.AS Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40 50

4.2 Price Multiples

  • IMCD's Enterprise Value to EBITDA ratio is in line with the industry average.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of IMCD is on the same level as its industry peers.
Industry RankSector Rank
P/FCF 24.14
EV/EBITDA 10.95
IMCD.AS Per share dataIMCD.AS EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 20 40 60 80

4.3 Compensation for Growth

  • IMCD has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)1.01
EPS Next 2Y-2.04%
EPS Next 3Y1.4%

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6

5. Dividend

5.1 Amount

  • IMCD has a Yearly Dividend Yield of 2.74%.
  • Compared to an average industry Dividend Yield of 2.01, IMCD pays a better dividend. On top of this IMCD pays more dividend than 84.21% of the companies listed in the same industry.
  • Compared to an average S&P500 Dividend Yield of 1.82, IMCD pays a better dividend.
Industry RankSector Rank
Dividend Yield 2.74%

5.2 History

  • The dividend of IMCD is nicely growing with an annual growth rate of 22.38%!
Dividend Growth(5Y)22.38%
Div Incr Years0
Div Non Decr Years0
IMCD.AS Yearly Dividends per shareIMCD.AS Yearly Dividends per shareYearly Dividends per share 2019 2020 2021 2022 2023 2024 2025 0.5 1 1.5 2

5.3 Sustainability

  • 47.63% of the earnings are spent on dividend by IMCD. This is a bit on the high side, but may be sustainable.
  • The dividend of IMCD is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP47.63%
EPS Next 2Y-2.04%
EPS Next 3Y1.4%
IMCD.AS Yearly Income VS Free CF VS DividendIMCD.AS Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M
IMCD.AS Dividend Payout.IMCD.AS Dividend Payout, showing the Payout Ratio.IMCD.AS Dividend Payout.PayoutRetained Earnings

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IMCD NV

AMS:IMCD (2/4/2026, 7:00:00 PM)

87.28

+7.88 (+9.92%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryTrading Companies & Distributors
Earnings (Last)11-06
Earnings (Next)02-18
Inst Owners80.69%
Inst Owner ChangeN/A
Ins Owners1.7%
Ins Owner ChangeN/A
Market Cap5.16B
Revenue(TTM)4.82B
Net Income(TTM)266.71M
Analysts80
Price Target125.83 (44.17%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 2.74%
Yearly Dividend2.2
Dividend Growth(5Y)22.38%
DP47.63%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)-2.89%
PT rev (3m)-13.69%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)-1.15%
EPS NY rev (3m)-8.95%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.69%
Valuation
Industry RankSector Rank
PE 18.97
Fwd PE 14.91
P/S 1.07
P/FCF 24.14
P/OCF 21.56
P/B 2.61
P/tB N/A
EV/EBITDA 10.95
EPS(TTM)4.6
EY5.27%
EPS(NY)5.85
Fwd EY6.71%
FCF(TTM)3.62
FCFY4.14%
OCF(TTM)4.05
OCFY4.64%
SpS81.49
BVpS33.42
TBVpS-10.16
PEG (NY)N/A
PEG (5Y)1.01
Graham Number58.81
Profitability
Industry RankSector Rank
ROA 5.77%
ROE 13.5%
ROCE 12.09%
ROIC 8.81%
ROICexc 9.3%
ROICexgc 39.47%
OM 8.94%
PM (TTM) 5.54%
GM 22.48%
FCFM 4.44%
ROA(3y)7.11%
ROA(5y)6.42%
ROE(3y)16.08%
ROE(5y)14.41%
ROIC(3y)9.57%
ROIC(5y)8.66%
ROICexc(3y)10.67%
ROICexc(5y)9.54%
ROICexgc(3y)40.09%
ROICexgc(5y)35.52%
ROCE(3y)14.12%
ROCE(5y)13.14%
ROICexgc growth 3Y11.47%
ROICexgc growth 5Y12.83%
ROICexc growth 3Y2.19%
ROICexc growth 5Y4.08%
OM growth 3Y0.9%
OM growth 5Y6.54%
PM growth 3Y-0.83%
PM growth 5Y7.95%
GM growth 3Y1.7%
GM growth 5Y2.81%
F-Score5
Asset Turnover1.04
Health
Industry RankSector Rank
Debt/Equity 0.7
Debt/FCF 8.11
Debt/EBITDA 2.42
Cap/Depr 18.39%
Cap/Sales 0.53%
Interest Coverage 6.92
Cash Conversion 42.01%
Profit Quality 80.13%
Current Ratio 1.75
Quick Ratio 1.04
Altman-Z 2.9
F-Score5
WACC6.3%
ROIC/WACC1.4
Cap/Depr(3y)23.75%
Cap/Depr(5y)23.21%
Cap/Sales(3y)0.62%
Cap/Sales(5y)0.61%
Profit Quality(3y)103.46%
Profit Quality(5y)114.83%
High Growth Momentum
Growth
EPS 1Y (TTM)-6.82%
EPS 3Y10.14%
EPS 5Y18.74%
EPS Q2Q%-23.63%
EPS Next Y-8.95%
EPS Next 2Y-2.04%
EPS Next 3Y1.4%
EPS Next 5Y6.2%
Revenue 1Y (TTM)6.09%
Revenue growth 3Y11.23%
Revenue growth 5Y11.94%
Sales Q2Q%-0.88%
Revenue Next Year1.67%
Revenue Next 2Y3.34%
Revenue Next 3Y3.92%
Revenue Next 5Y4.39%
EBIT growth 1Y5.1%
EBIT growth 3Y12.24%
EBIT growth 5Y19.26%
EBIT Next Year15.95%
EBIT Next 3Y9.34%
EBIT Next 5Y8.18%
FCF growth 1Y-45.24%
FCF growth 3Y12.49%
FCF growth 5Y10.07%
OCF growth 1Y-42.49%
OCF growth 3Y12.47%
OCF growth 5Y9.9%

IMCD NV / IMCD.AS FAQ

What is the fundamental rating for IMCD stock?

ChartMill assigns a fundamental rating of 5 / 10 to IMCD.AS.


What is the valuation status of IMCD NV (IMCD.AS) stock?

ChartMill assigns a valuation rating of 4 / 10 to IMCD NV (IMCD.AS). This can be considered as Fairly Valued.


What is the profitability of IMCD stock?

IMCD NV (IMCD.AS) has a profitability rating of 7 / 10.


What is the valuation of IMCD NV based on its PE and PB ratios?

The Price/Earnings (PE) ratio for IMCD NV (IMCD.AS) is 18.97 and the Price/Book (PB) ratio is 2.61.


Can you provide the dividend sustainability for IMCD stock?

The dividend rating of IMCD NV (IMCD.AS) is 6 / 10 and the dividend payout ratio is 47.63%.