IMCD NV (IMCD.AS) Stock Fundamental Analysis

AMS:IMCD • NL0010801007

77.4 EUR
-1.86 (-2.35%)
Last: Mar 2, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership
Fundamental Rating

4

Overall IMCD gets a fundamental rating of 4 out of 10. We evaluated IMCD against 17 industry peers in the Trading Companies & Distributors industry. While IMCD is still in line with the averages on profitability rating, there are concerns on its financial health. IMCD has a correct valuation and a medium growth rate.


Dividend Valuation Growth Profitability Health

5

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.
  • IMCD had positive earnings in each of the past 5 years.
  • 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 2025 100M 200M 300M 400M

1.2 Ratios

  • IMCD has a Return On Assets (4.69%) which is in line with its industry peers.
  • IMCD has a Return On Equity (10.66%) which is comparable to the rest of the industry.
  • Looking at the Return On Invested Capital, with a value of 7.91%, IMCD is in line with its industry, outperforming 58.82% of the companies in the same industry.
  • IMCD had an Average Return On Invested Capital over the past 3 years of 8.40%. This is below the industry average of 10.48%.
Industry RankSector Rank
ROA 4.69%
ROE 10.66%
ROIC 7.91%
ROA(3y)5.81%
ROA(5y)6.47%
ROE(3y)13.39%
ROE(5y)14.62%
ROIC(3y)8.4%
ROIC(5y)9.09%
IMCD.AS Yearly ROA, ROE, ROICIMCD.AS Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5 10 15

1.3 Margins

  • IMCD has a Profit Margin (4.55%) which is in line with its industry peers.
  • In the last couple of years the Profit Margin of IMCD has remained more or less at the same level.
  • IMCD has a better Operating Margin (8.06%) than 64.71% of its industry peers.
  • In the last couple of years the Operating Margin of IMCD has grown nicely.
  • IMCD has a Gross Margin of 21.82%. This is in the lower half of the industry: IMCD underperforms 70.59% of its industry peers.
  • IMCD's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 8.06%
PM (TTM) 4.55%
GM 21.82%
OM growth 3Y-8.46%
OM growth 5Y2.54%
PM growth 3Y-12.53%
PM growth 5Y1.01%
GM growth 3Y-0.38%
GM growth 5Y1.38%
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 2025 5 10 15 20

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ROAROEROICOperating and Profit MarginShow most profitable peers

3

2. Health

2.1 Basic Checks

  • IMCD has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
  • IMCD has about the same amout of shares outstanding than it did 1 year ago.
  • The number of shares outstanding for IMCD has been increased compared to 5 years ago.
  • IMCD has a worse debt/assets ratio than last year.
IMCD.AS Yearly Shares OutstandingIMCD.AS Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 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 2025 1B 2B 3B 4B

2.2 Solvency

  • An Altman-Z score of 2.92 indicates that IMCD is not a great score, but indicates only limited risk for bankruptcy at the moment.
  • With a Altman-Z score value of 2.92, IMCD perfoms like the industry average, outperforming 52.94% of the companies in the same industry.
  • IMCD has a debt to FCF ratio of 5.93. This is a neutral value as IMCD would need 5.93 years to pay back of all of its debts.
  • The Debt to FCF ratio of IMCD (5.93) is worse than 64.71% of its industry peers.
  • IMCD has a Debt/Equity ratio of 0.68. This is a neutral value indicating IMCD is somewhat dependend on debt financing.
  • IMCD's Debt to Equity ratio of 0.68 is on the low side compared to the rest of the industry. IMCD is outperformed by 70.59% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.68
Debt/FCF 5.93
Altman-Z 2.92
ROIC/WACC1.29
WACC6.12%
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 2025 500M 1B 1.5B 2B

2.3 Liquidity

  • A Current Ratio of 1.73 indicates that IMCD should not have too much problems paying its short term obligations.
  • Looking at the Current ratio, with a value of 1.73, IMCD is doing worse than 76.47% of the companies in the same industry.
  • A Quick Ratio of 1.06 indicates that IMCD should not have too much problems paying its short term obligations.
  • Looking at the Quick ratio, with a value of 1.06, IMCD is doing worse than 76.47% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 1.73
Quick Ratio 1.06
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 2025 500M 1B 1.5B 2B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

4

3. Growth

3.1 Past

  • IMCD shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -24.24%.
  • Measured over the past years, IMCD shows a quite strong growth in Earnings Per Share. The EPS has been growing by 10.56% on average per year.
  • The Revenue has been growing slightly by 1.08% in the past year.
  • The Revenue has been growing by 11.48% on average over the past years. This is quite good.
EPS 1Y (TTM)-24.24%
EPS 3Y-12.5%
EPS 5Y10.56%
EPS Q2Q%-37.54%
Revenue 1Y (TTM)1.08%
Revenue growth 3Y1.27%
Revenue growth 5Y11.48%
Sales Q2Q%101.58%

3.2 Future

  • IMCD is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 8.26% yearly.
  • Based on estimates for the next years, IMCD will show a small growth in Revenue. The Revenue will grow by 4.17% on average per year.
EPS Next Y5.4%
EPS Next 2Y7%
EPS Next 3Y13.56%
EPS Next 5Y8.26%
Revenue Next Year3.74%
Revenue Next 2Y4.18%
Revenue Next 3Y7.94%
Revenue Next 5Y4.17%

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

  • A Price/Earnings ratio of 21.03 indicates a rather expensive valuation of IMCD.
  • IMCD's Price/Earnings ratio is in line with the industry average.
  • When comparing the Price/Earnings ratio of IMCD to the average of the S&P500 Index (27.13), we can say IMCD is valued slightly cheaper.
  • Based on the Price/Forward Earnings ratio of 13.22, 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 70.59% of the companies are valued more expensively.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 28.11, IMCD is valued rather cheaply.
Industry RankSector Rank
PE 21.03
Fwd PE 13.22
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

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of IMCD is on the same level as its industry peers.
  • IMCD's Price/Free Cash Flow is on the same level as the industry average.
Industry RankSector Rank
P/FCF 15.15
EV/EBITDA 12.05
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

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
  • IMCD's earnings are expected to grow with 13.56% in the coming years. This may justify a more expensive valuation.
PEG (NY)3.9
PEG (5Y)1.99
EPS Next 2Y7%
EPS Next 3Y13.56%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

5

5. Dividend

5.1 Amount

  • With a Yearly Dividend Yield of 2.28%, IMCD has a reasonable but not impressive dividend return.
  • IMCD's Dividend Yield is a higher than the industry average which is at 1.71.
  • Compared to an average S&P500 Dividend Yield of 1.82, IMCD pays a bit more dividend than the S&P500 average.
Industry RankSector Rank
Dividend Yield 2.28%

5.2 History

  • The dividend of IMCD is nicely growing with an annual growth rate of 19.97%!
Dividend Growth(5Y)19.97%
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 2026 0.5 1 1.5 2

5.3 Sustainability

  • 58.38% 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.
DP58.38%
EPS Next 2Y7%
EPS Next 3Y13.56%
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 2025 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 (3/2/2026, 7:00:00 PM)

77.4

-1.86 (-2.35%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryTrading Companies & Distributors
Earnings (Last)02-18
Earnings (Next)04-30
Inst Owners80.69%
Inst Owner ChangeN/A
Ins Owners1.7%
Ins Owner ChangeN/A
Market Cap4.58B
Revenue(TTM)4.78B
Net Income(TTM)217.58M
Analysts79.13
Price Target114 (47.29%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 2.28%
Yearly Dividend2.15
Dividend Growth(5Y)19.97%
DP58.38%
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)-9.4%
PT rev (3m)-13.92%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)-7.14%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-1.39%
Revenue NY rev (3m)-2.2%
Valuation
Industry RankSector Rank
PE 21.03
Fwd PE 13.22
P/S 0.96
P/FCF 15.15
P/OCF 14.2
P/B 2.24
P/tB N/A
EV/EBITDA 12.05
EPS(TTM)3.68
EY4.75%
EPS(NY)5.85
Fwd EY7.56%
FCF(TTM)5.11
FCFY6.6%
OCF(TTM)5.45
OCFY7.04%
SpS80.85
BVpS34.53
TBVpS-10.43
PEG (NY)3.9
PEG (5Y)1.99
Graham Number53.47
Profitability
Industry RankSector Rank
ROA 4.69%
ROE 10.66%
ROCE 10.7%
ROIC 7.91%
ROICexc 8.47%
ROICexgc 40.43%
OM 8.06%
PM (TTM) 4.55%
GM 21.82%
FCFM 6.32%
ROA(3y)5.81%
ROA(5y)6.47%
ROE(3y)13.39%
ROE(5y)14.62%
ROIC(3y)8.4%
ROIC(5y)9.09%
ROICexc(3y)9.39%
ROICexc(5y)9.99%
ROICexgc(3y)40.12%
ROICexgc(5y)38.95%
ROCE(3y)11.85%
ROCE(5y)13.29%
ROICexgc growth 3Y-1.41%
ROICexgc growth 5Y9.35%
ROICexc growth 3Y-12.9%
ROICexc growth 5Y4.16%
OM growth 3Y-8.46%
OM growth 5Y2.54%
PM growth 3Y-12.53%
PM growth 5Y1.01%
GM growth 3Y-0.38%
GM growth 5Y1.38%
F-Score5
Asset Turnover1.03
Health
Industry RankSector Rank
Debt/Equity 0.68
Debt/FCF 5.93
Debt/EBITDA 2.61
Cap/Depr 14.2%
Cap/Sales 0.42%
Interest Coverage 6.49
Cash Conversion 61.02%
Profit Quality 138.79%
Current Ratio 1.73
Quick Ratio 1.06
Altman-Z 2.92
F-Score5
WACC6.12%
ROIC/WACC1.29
Cap/Depr(3y)22.12%
Cap/Depr(5y)21.12%
Cap/Sales(3y)0.61%
Cap/Sales(5y)0.57%
Profit Quality(3y)120.17%
Profit Quality(5y)106.97%
High Growth Momentum
Growth
EPS 1Y (TTM)-24.24%
EPS 3Y-12.5%
EPS 5Y10.56%
EPS Q2Q%-37.54%
EPS Next Y5.4%
EPS Next 2Y7%
EPS Next 3Y13.56%
EPS Next 5Y8.26%
Revenue 1Y (TTM)1.08%
Revenue growth 3Y1.27%
Revenue growth 5Y11.48%
Sales Q2Q%101.58%
Revenue Next Year3.74%
Revenue Next 2Y4.18%
Revenue Next 3Y7.94%
Revenue Next 5Y4.17%
EBIT growth 1Y-9.35%
EBIT growth 3Y-7.3%
EBIT growth 5Y14.31%
EBIT Next Year24.87%
EBIT Next 3Y12.2%
EBIT Next 5Y18.05%
FCF growth 1Y19.47%
FCF growth 3Y2.85%
FCF growth 5Y7.13%
OCF growth 1Y15.42%
OCF growth 3Y2.55%
OCF growth 5Y6.79%

IMCD NV / IMCD.AS FAQ

What is the fundamental rating for IMCD stock?

ChartMill assigns a fundamental rating of 4 / 10 to IMCD.AS.


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

ChartMill assigns a valuation rating of 3 / 10 to IMCD NV (IMCD.AS). This can be considered as Overvalued.


What is the profitability of IMCD stock?

IMCD NV (IMCD.AS) has a profitability rating of 5 / 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 21.03 and the Price/Book (PB) ratio is 2.24.


Can you provide the dividend sustainability for IMCD stock?

The dividend rating of IMCD NV (IMCD.AS) is 5 / 10 and the dividend payout ratio is 58.38%.