IMCD NV (IMCD.AS) Stock Fundamental Analysis
AMS:IMCD - Euronext Amsterdam - NL0010801007 - Common Stock - Currency: EUR
We assign a fundamental rating of 5 out of 10 to IMCD. IMCD was compared to 16 industry peers in the Trading Companies & Distributors industry. While IMCD has a great profitability rating, there are some minor concerns on its financial health. IMCD is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
IMCD had positive earnings in the past year.
IMCD had a positive operating cash flow in the past year.
IMCD had positive earnings in each of the past 5 years.
IMCD had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
IMCD's Return On Assets of 5.76% is amongst the best of the industry. IMCD outperforms 93.75% of its industry peers.
The Return On Equity of IMCD (13.50%) is better than 93.75% of its industry peers.
The Return On Invested Capital of IMCD (8.66%) is better than 87.50% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for IMCD is above the industry average of 7.51%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.76% | ||
| ROE | 13.5% | ||
| ROIC | 8.66% |
ROA(3y)7.11%
ROA(5y)6.42%
ROE(3y)16.08%
ROE(5y)14.41%
ROIC(3y)9.57%
ROIC(5y)8.66%
1.3 Margins
IMCD has a Profit Margin of 5.54%. This is amongst the best in the industry. IMCD outperforms 87.50% of its industry peers.
In the last couple of years the Profit Margin of IMCD has grown nicely.
IMCD's Operating Margin of 8.79% is amongst the best of the industry. IMCD outperforms 87.50% of its industry peers.
IMCD's Operating Margin has improved in the last couple of years.
IMCD has a Gross Margin of 22.48%. This is in the better half of the industry: IMCD outperforms 62.50% of its industry peers.
IMCD's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 8.79% | ||
| 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%
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.
The number of shares outstanding for IMCD has been increased compared to 1 year ago.
Compared to 5 years ago, IMCD has more shares outstanding
The debt/assets ratio for IMCD has been reduced compared to a year ago.
2.2 Solvency
An Altman-Z score of 3.08 indicates that IMCD is not in any danger for bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 3.08, IMCD is in the better half of the industry, outperforming 68.75% of the companies in the same industry.
The Debt to FCF ratio of IMCD is 8.11, which is on the high side as it means it would take IMCD, 8.11 years of fcf income to pay off all of its debts.
IMCD has a Debt to FCF ratio of 8.11. This is comparable to the rest of the industry: IMCD outperforms 56.25% of its industry peers.
A Debt/Equity ratio of 0.70 indicates that IMCD is somewhat dependend on debt financing.
IMCD has a worse Debt to Equity ratio (0.70) than 68.75% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.7 | ||
| Debt/FCF | 8.11 | ||
| Altman-Z | 3.08 |
ROIC/WACC1.37
WACC6.32%
2.3 Liquidity
IMCD has a Current Ratio of 1.75. This is a normal value and indicates that IMCD is financially healthy and should not expect problems in meeting its short term obligations.
With a Current ratio value of 1.75, IMCD perfoms like the industry average, outperforming 43.75% of the companies in the same industry.
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.
The Quick ratio of IMCD (1.04) is worse than 62.50% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.75 | ||
| Quick Ratio | 1.04 |
3. Growth
3.1 Past
IMCD shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -7.17%.
IMCD shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 18.74% yearly.
Looking at the last year, IMCD shows a small growth in Revenue. The Revenue has grown by 6.09% in the last year.
Measured over the past years, IMCD shows a quite strong growth in Revenue. The Revenue has been growing by 11.94% on average per year.
EPS 1Y (TTM)-7.17%
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
Based on estimates for the next years, IMCD will show a small growth in Earnings Per Share. The EPS will grow by 5.62% on average per year.
IMCD is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 5.03% yearly.
EPS Next Y7.86%
EPS Next 2Y8.92%
EPS Next 3Y8.37%
EPS Next 5Y5.62%
Revenue Next Year4.11%
Revenue Next 2Y4.67%
Revenue Next 3Y5.15%
Revenue Next 5Y5.03%
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
IMCD is valuated rather expensively with a Price/Earnings ratio of 20.72.
Based on the Price/Earnings ratio, IMCD is valued a bit cheaper than 62.50% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 27.24. IMCD is valued slightly cheaper when compared to this.
Based on the Price/Forward Earnings ratio of 13.12, the valuation of IMCD can be described as correct.
The rest of the industry has a similar Price/Forward Earnings ratio as IMCD.
IMCD's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 36.42.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.72 | ||
| Fwd PE | 13.12 |
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.
Based on the Price/Free Cash Flow ratio, IMCD is valued a bit more expensive than the industry average as 62.50% of the companies are valued more cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 26.25 | ||
| EV/EBITDA | 12.5 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates IMCD does not grow enough to justify the current Price/Earnings ratio.
IMCD has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)2.64
PEG (5Y)1.11
EPS Next 2Y8.92%
EPS Next 3Y8.37%
5. Dividend
5.1 Amount
IMCD has a Yearly Dividend Yield of 2.23%. Purely for dividend investing, there may be better candidates out there.
The stock price of IMCD dropped by -22.21% in the last 3 months. With lower prices the dividend yield is higher, but it may be a sign investors do not trust the long term dividend.
Compared to an average industry Dividend Yield of 2.96, IMCD has a dividend in line with its industry peers.
Compared to an average S&P500 Dividend Yield of 2.40, IMCD has a dividend comparable with the average S&P500 company.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.23% |
5.2 History
On average, the dividend of IMCD grows each year by 22.38%, which is quite nice.
Dividend Growth(5Y)22.38%
Div Incr Years0
Div Non Decr Years0
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.
IMCD's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP47.63%
EPS Next 2Y8.92%
EPS Next 3Y8.37%
AMS:IMCD (8/5/2025, 5:35:15 PM)
94.92
+1.92 (+2.06%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryTrading Companies & Distributors
Earnings (Last)
Earnings (Next)
Inst Owners82.76%
Inst Owner ChangeN/A
Ins Owners1.7%
Ins Owner ChangeN/A
Market Cap5.61B
Analysts79.09
Price Target157.9 (66.35%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.23% |
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)-1.28%
PT rev (3m)-5.46%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-1.27%
Revenue NY rev (3m)-2.46%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.72 | ||
| Fwd PE | 13.12 | ||
| P/S | 1.16 | ||
| P/FCF | 26.25 | ||
| P/OCF | 23.39 | ||
| P/B | 2.84 | ||
| P/tB | N/A | ||
| EV/EBITDA | 12.5 |
EPS(TTM)4.58
EY4.83%
EPS(NY)7.24
Fwd EY7.62%
FCF(TTM)3.62
FCFY3.81%
OCF(TTM)4.06
OCFY4.27%
SpS81.49
BVpS33.42
TBVpS-10.16
PEG (NY)2.64
PEG (5Y)1.11
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.76% | ||
| ROE | 13.5% | ||
| ROCE | 11.89% | ||
| ROIC | 8.66% | ||
| ROICexc | 9.15% | ||
| ROICexgc | 38.82% | ||
| OM | 8.79% | ||
| 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%
ROICexcg growth 3Y11.47%
ROICexcg 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 Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.7 | ||
| Debt/FCF | 8.11 | ||
| Debt/EBITDA | 2.45 | ||
| Cap/Depr | 18.63% | ||
| Cap/Sales | 0.54% | ||
| Interest Coverage | 6.73 | ||
| Cash Conversion | 42.59% | ||
| Profit Quality | 80.16% | ||
| Current Ratio | 1.75 | ||
| Quick Ratio | 1.04 | ||
| Altman-Z | 3.08 |
F-Score5
WACC6.32%
ROIC/WACC1.37
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)-7.17%
EPS 3Y10.14%
EPS 5Y18.74%
EPS Q2Q%-23.63%
EPS Next Y7.86%
EPS Next 2Y8.92%
EPS Next 3Y8.37%
EPS Next 5Y5.62%
Revenue 1Y (TTM)6.09%
Revenue growth 3Y11.23%
Revenue growth 5Y11.94%
Sales Q2Q%-0.88%
Revenue Next Year4.11%
Revenue Next 2Y4.67%
Revenue Next 3Y5.15%
Revenue Next 5Y5.03%
EBIT growth 1Y3.32%
EBIT growth 3Y12.24%
EBIT growth 5Y19.26%
EBIT Next Year27.33%
EBIT Next 3Y13.21%
EBIT Next 5Y13.77%
FCF growth 1Y-45.22%
FCF growth 3Y12.49%
FCF growth 5Y10.07%
OCF growth 1Y-42.37%
OCF growth 3Y12.47%
OCF growth 5Y9.9%