IMCD NV (INX.DE) Stock Fundamental Analysis
Europe - Frankfurt Stock Exchange - FRA:INX - NL0010801007 - Common Stock
79.16 EUR
+2.02 (+2.62%)
Taking everything into account, INX scores 4 out of 10 in our fundamental rating. INX was compared to 20 industry peers in the Trading Companies & Distributors industry. INX has a medium profitability rating, but doesn't score so well on its financial health evaluation. INX has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
- In the past year INX was profitable.
- In the past year INX had a positive cash flow from operations.
- In the past 5 years INX has always been profitable.
- Each year in the past 5 years INX had a positive operating cash flow.
1.2 Ratios
- With a Return On Assets value of 5.77%, INX perfoms like the industry average, outperforming 60.00% of the companies in the same industry.
- INX has a Return On Equity of 13.50%. This is in the better half of the industry: INX outperforms 65.00% of its industry peers.
- The Return On Invested Capital of INX (8.81%) is comparable to the rest of the industry.
- Measured over the past 3 years, the Average Return On Invested Capital for INX is in line with the industry average of 10.86%.
| Industry Rank | Sector 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%
1.3 Margins
- The Profit Margin of INX (5.54%) is comparable to the rest of the industry.
- INX's Profit Margin has improved in the last couple of years.
- INX has a better Operating Margin (8.94%) than 65.00% of its industry peers.
- In the last couple of years the Operating Margin of INX has grown nicely.
- INX's Gross Margin of 22.48% is on the low side compared to the rest of the industry. INX is outperformed by 65.00% of its industry peers.
- INX's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector 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%
2. Health
2.1 Basic Checks
- INX 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 INX has been increased compared to 1 year ago.
- The number of shares outstanding for INX has been increased compared to 5 years ago.
- Compared to 1 year ago, INX has an improved debt to assets ratio.
2.2 Solvency
- INX has an Altman-Z score of 2.90. This is not the best score and indicates that INX is in the grey zone with still only limited risk for bankruptcy at the moment.
- INX has a Altman-Z score (2.90) which is comparable to the rest of the industry.
- The Debt to FCF ratio of INX is 8.11, which is on the high side as it means it would take INX, 8.11 years of fcf income to pay off all of its debts.
- The Debt to FCF ratio of INX (8.11) is comparable to the rest of the industry.
- INX has a Debt/Equity ratio of 0.70. This is a neutral value indicating INX is somewhat dependend on debt financing.
- INX has a Debt to Equity ratio of 0.70. This is in the lower half of the industry: INX underperforms 75.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.7 | ||
| Debt/FCF | 8.11 | ||
| Altman-Z | 2.9 |
ROIC/WACC1.4
WACC6.28%
2.3 Liquidity
- INX has a Current Ratio of 1.75. This is a normal value and indicates that INX is financially healthy and should not expect problems in meeting its short term obligations.
- With a Current ratio value of 1.75, INX is not doing good in the industry: 65.00% of the companies in the same industry are doing better.
- A Quick Ratio of 1.04 indicates that INX should not have too much problems paying its short term obligations.
- With a Quick ratio value of 1.04, INX is not doing good in the industry: 65.00% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.75 | ||
| Quick Ratio | 1.04 |
3. Growth
3.1 Past
- The earnings per share for INX 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.
- The Revenue has been growing slightly by 6.09% in the past year.
- 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%-49.09%
3.2 Future
- Based on estimates for the next years, INX will show a small growth in Earnings Per Share. The EPS will grow by 6.20% on average per year.
- INX is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 4.39% yearly.
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.
4. Valuation
4.1 Price/Earnings Ratio
- With a Price/Earnings ratio of 17.21, INX is valued on the expensive side.
- 80.00% of the companies in the same industry are more expensive than INX, based on the Price/Earnings ratio.
- INX is valuated rather cheaply when we compare the Price/Earnings ratio to 28.60, which is the current average of the S&P500 Index.
- Based on the Price/Forward Earnings ratio of 13.52, the valuation of INX can be described as correct.
- INX's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. INX is cheaper than 75.00% of the companies in the same industry.
- Compared to an average S&P500 Price/Forward Earnings ratio of 25.83, INX is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.21 | ||
| Fwd PE | 13.52 |
4.2 Price Multiples
- Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of INX is on the same level as its industry peers.
- INX's Price/Free Cash Flow is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 21.9 | ||
| EV/EBITDA | 10.92 |
4.3 Compensation for Growth
- INX has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)0.92
EPS Next 2Y-2.04%
EPS Next 3Y1.4%
5. Dividend
5.1 Amount
- With a Yearly Dividend Yield of 2.78%, INX has a reasonable but not impressive dividend return.
- Compared to an average industry Dividend Yield of 1.98, INX pays a bit more dividend than its industry peers.
- INX's Dividend Yield is rather good when compared to the S&P500 average which is at 1.82.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.78% |
5.2 History
- On average, the dividend of INX grows each year by 22.38%, which is quite nice.
Dividend Growth(5Y)22.38%
Div Incr YearsN/A
Div Non Decr YearsN/A
5.3 Sustainability
- 47.63% of the earnings are spent on dividend by INX. This is a bit on the high side, but may be sustainable.
- The dividend of INX 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 NV / INX.DE FAQ
Can you provide the ChartMill fundamental rating for IMCD NV?
ChartMill assigns a fundamental rating of 4 / 10 to INX.DE.
Can you provide the valuation status for IMCD NV?
ChartMill assigns a valuation rating of 4 / 10 to IMCD NV (INX.DE). This can be considered as Fairly Valued.
What is the profitability of INX stock?
IMCD NV (INX.DE) has a profitability rating of 6 / 10.
What is the financial health of IMCD NV (INX.DE) stock?
The financial health rating of IMCD NV (INX.DE) is 3 / 10.
What is the expected EPS growth for IMCD NV (INX.DE) stock?
The Earnings per Share (EPS) of IMCD NV (INX.DE) is expected to decline by -8.95% in the next year.