SIPEF NV (SIP.BR) Stock Fundamental Analysis
Europe - Euronext Brussels - EBR:SIP - BE0003898187 - Common Stock
84.4 EUR
-1 (-1.17%)
Taking everything into account, SIP scores 7 out of 10 in our fundamental rating. SIP was compared to 65 industry peers in the Food Products industry. SIP gets an excellent profitability rating and is at the same time showing great financial health properties. A decent growth rate in combination with a cheap valuation! Better keep an eye on SIP. These ratings could make SIP a good candidate for value and quality investing.
1. Profitability
1.1 Basic Checks
- In the past year SIP was profitable.
- In the past year SIP had a positive cash flow from operations.
- Each year in the past 5 years SIP has been profitable.
- In the past 5 years SIP always reported a positive cash flow from operatings.
1.2 Ratios
- SIP has a better Return On Assets (8.36%) than 84.38% of its industry peers.
- With a Return On Equity value of 10.56%, SIP perfoms like the industry average, outperforming 57.81% of the companies in the same industry.
- With an excellent Return On Invested Capital value of 9.78%, SIP belongs to the best of the industry, outperforming 81.25% of the companies in the same industry.
- The Average Return On Invested Capital over the past 3 years for SIP is in line with the industry average of 7.95%.
- The 3 year average ROIC (9.65%) for SIP is below the current ROIC(9.78%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 8.36% | ||
| ROE | 10.56% | ||
| ROIC | 9.78% |
ROA(3y)7.58%
ROA(5y)6.74%
ROE(3y)9.68%
ROE(5y)8.83%
ROIC(3y)9.65%
ROIC(5y)8.48%
1.3 Margins
- Looking at the Profit Margin, with a value of 20.12%, SIP belongs to the top of the industry, outperforming 96.88% of the companies in the same industry.
- In the last couple of years the Profit Margin of SIP has declined.
- SIP has a better Operating Margin (29.12%) than 98.44% of its industry peers.
- SIP's Operating Margin has improved in the last couple of years.
- SIP's Gross Margin of 41.30% is fine compared to the rest of the industry. SIP outperforms 62.50% of its industry peers.
- In the last couple of years the Gross Margin of SIP has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 29.12% | ||
| PM (TTM) | 20.12% | ||
| GM | 41.3% |
OM growth 3Y-9.29%
OM growth 5Y70.13%
PM growth 3Y-13.01%
PM growth 5YN/A
GM growth 3Y-4.05%
GM growth 5Y19.38%
2. Health
2.1 Basic Checks
- SIP has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
- Compared to 1 year ago, SIP has about the same amount of shares outstanding.
- The number of shares outstanding for SIP remains at a similar level compared to 5 years ago.
- The debt/assets ratio for SIP has been reduced compared to a year ago.
2.2 Solvency
- SIP has an Altman-Z score of 4.44. This indicates that SIP is financially healthy and has little risk of bankruptcy at the moment.
- With an excellent Altman-Z score value of 4.44, SIP belongs to the best of the industry, outperforming 89.06% of the companies in the same industry.
- The Debt to FCF ratio of SIP is 0.03, which is an excellent value as it means it would take SIP, only 0.03 years of fcf income to pay off all of its debts.
- The Debt to FCF ratio of SIP (0.03) is better than 98.44% of its industry peers.
- A Debt/Equity ratio of 0.00 indicates that SIP is not too dependend on debt financing.
- SIP has a Debt to Equity ratio of 0.00. This is amongst the best in the industry. SIP outperforms 98.44% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0.03 | ||
| Altman-Z | 4.44 |
ROIC/WACC1.23
WACC7.97%
2.3 Liquidity
- SIP has a Current Ratio of 1.82. This is a normal value and indicates that SIP is financially healthy and should not expect problems in meeting its short term obligations.
- With a decent Current ratio value of 1.82, SIP is doing good in the industry, outperforming 75.00% of the companies in the same industry.
- A Quick Ratio of 1.34 indicates that SIP should not have too much problems paying its short term obligations.
- SIP has a Quick ratio of 1.34. This is amongst the best in the industry. SIP outperforms 81.25% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.82 | ||
| Quick Ratio | 1.34 |
3. Growth
3.1 Past
- SIP shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 47.68%, which is quite impressive.
- The earnings per share for SIP have been decreasing by -11.06% on average. This is quite bad
- Looking at the last year, SIP shows a quite strong growth in Revenue. The Revenue has grown by 14.33% in the last year.
- The Revenue has been growing by 12.32% on average over the past years. This is quite good.
EPS 1Y (TTM)47.68%
EPS 3Y-11.06%
EPS 5YN/A
EPS Q2Q%129.88%
Revenue 1Y (TTM)14.33%
Revenue growth 3Y2.18%
Revenue growth 5Y12.32%
Sales Q2Q%23.33%
3.2 Future
- Based on estimates for the next years, SIP will show a quite strong growth in Earnings Per Share. The EPS will grow by 15.71% on average per year.
- Based on estimates for the next years, SIP will show a small growth in Revenue. The Revenue will grow by 5.66% on average per year.
EPS Next Y73.49%
EPS Next 2Y25.84%
EPS Next 3Y15.71%
EPS Next 5YN/A
Revenue Next Year19.82%
Revenue Next 2Y9.6%
Revenue Next 3Y7.16%
Revenue Next 5Y5.66%
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 accelerating.
- 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 10.48, which indicates a very decent valuation of SIP.
- Based on the Price/Earnings ratio, SIP is valued cheaper than 81.25% of the companies in the same industry.
- Compared to an average S&P500 Price/Earnings ratio of 27.21, SIP is valued rather cheaply.
- A Price/Forward Earnings ratio of 9.72 indicates a reasonable valuation of SIP.
- 81.25% of the companies in the same industry are more expensive than SIP, based on the Price/Forward Earnings ratio.
- The average S&P500 Price/Forward Earnings ratio is at 24.26. SIP is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.48 | ||
| Fwd PE | 9.72 |
4.2 Price Multiples
- Based on the Enterprise Value to EBITDA ratio, SIP is valued cheaper than 82.81% of the companies in the same industry.
- Based on the Price/Free Cash Flow ratio, SIP is valued a bit cheaper than the industry average as 67.19% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 16.47 | ||
| EV/EBITDA | 5.12 |
4.3 Compensation for Growth
- The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
- SIP has an outstanding profitability rating, which may justify a higher PE ratio.
- A more expensive valuation may be justified as SIP's earnings are expected to grow with 15.71% in the coming years.
PEG (NY)0.14
PEG (5Y)N/A
EPS Next 2Y25.84%
EPS Next 3Y15.71%
5. Dividend
5.1 Amount
- SIP has a Yearly Dividend Yield of 1.64%. Purely for dividend investing, there may be better candidates out there.
- Compared to an average industry Dividend Yield of 2.48, SIP has a dividend in line with its industry peers.
- SIP's Dividend Yield is comparable with the S&P500 average which is at 1.81.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.64% |
5.2 History
- The dividend of SIP is nicely growing with an annual growth rate of 28.18%!
Dividend Growth(5Y)28.18%
Div Incr Years0
Div Non Decr Years1
5.3 Sustainability
- 22.77% of the earnings are spent on dividend by SIP. This is a low number and sustainable payout ratio.
- The dividend of SIP is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP22.77%
EPS Next 2Y25.84%
EPS Next 3Y15.71%
SIPEF NV / SIP.BR FAQ
Can you provide the ChartMill fundamental rating for SIPEF NV?
ChartMill assigns a fundamental rating of 7 / 10 to SIP.BR.
What is the valuation status of SIPEF NV (SIP.BR) stock?
ChartMill assigns a valuation rating of 8 / 10 to SIPEF NV (SIP.BR). This can be considered as Undervalued.
What is the profitability of SIP stock?
SIPEF NV (SIP.BR) has a profitability rating of 8 / 10.
What are the PE and PB ratios of SIPEF NV (SIP.BR) stock?
The Price/Earnings (PE) ratio for SIPEF NV (SIP.BR) is 10.48 and the Price/Book (PB) ratio is 1.12.
What is the earnings growth outlook for SIPEF NV?
The Earnings per Share (EPS) of SIPEF NV (SIP.BR) is expected to grow by 73.49% in the next year.