| Snowflake Score | |
|---|---|
| Valuation | 2/6 |
| Future Growth | 2/6 |
| Past Performance | 4/6 |
| Financial Health | 4/6 |
| Dividends | 2/6 |
IVC Stock Overview
InvoCare Limited provides funeral, cemetery, crematoria, and related services in Australia, New Zealand, and Singapore.
Rewards
Risk Analysis
No risks detected for IVC from our risk checks.
InvoCare Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | AU$10.81 |
| 52 Week High | AU$12.88 |
| 52 Week Low | AU$9.65 |
| Beta | 0.72 |
| 1 Month Change | -6.65% |
| 3 Month Change | -4.93% |
| 1 Year Change | -6.08% |
| 3 Year Change | -10.14% |
| 5 Year Change | -18.42% |
| Change since IPO | 475.00% |
Recent News & Updates
InvoCare (ASX:IVC) Will Want To Turn Around Its Return Trends
What are the early trends we should look for to identify a stock that could multiply in value over the long term? One...
InvoCare Limited (ASX:IVC) Shares Could Be 24% Below Their Intrinsic Value Estimate
Today we will run through one way of estimating the intrinsic value of InvoCare Limited ( ASX:IVC ) by estimating the...
Is InvoCare (ASX:IVC) A Risky Investment?
Warren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...
Shareholder Returns
| IVC | AU Consumer Services | AU Market | |
|---|---|---|---|
| 7D | -3.7% | -5.5% | -5.4% |
| 1Y | -6.1% | 17.4% | 2.6% |
Return vs Industry: IVC underperformed the Australian Consumer Services industry which returned 17.4% over the past year.
Return vs Market: IVC underperformed the Australian Market which returned 2.6% over the past year.
Price Volatility
| IVC volatility | |
|---|---|
| IVC Average Weekly Movement | 2.8% |
| Consumer Services Industry Average Movement | 5.7% |
| Market Average Movement | 8.5% |
| 10% most volatile stocks in AU Market | 15.4% |
| 10% least volatile stocks in AU Market | 3.7% |
Stable Share Price: IVC is less volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: IVC's weekly volatility (3%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2001 | n/a | Olivier Chretien | https://www.invocare.com.au |
InvoCare Limited provides funeral, cemetery, crematoria, and related services in Australia, New Zealand, and Singapore. The company operates approximately 290 funeral home locations, and 18 cemeteries and crematoria that offers burial, memorialization, and cremation services. It also offers pet cremation services under the Patch & Purr, Pets in Peace, Family Pet Care, and the Lanswood and Edenhill brands; and LifeArt coffins.
InvoCare Fundamentals Summary
| IVC fundamental statistics | |
|---|---|
| Market Cap | AU$1.55b |
| Earnings (TTM) | AU$52.62m |
| Revenue (TTM) | AU$508.18m |
29.4x
P/E Ratio3.0x
P/S RatioIs IVC overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| IVC income statement (TTM) | |
|---|---|
| Revenue | AU$508.18m |
| Cost of Revenue | AU$125.50m |
| Gross Profit | AU$382.68m |
| Expenses | AU$330.06m |
| Earnings | AU$52.62m |
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
Feb 27, 2022
| Earnings per share (EPS) | 0.37 |
| Gross Margin | 75.30% |
| Net Profit Margin | 10.35% |
| Debt/Equity Ratio | 43.5% |
How did IVC perform over the long term?
See historical performance and comparisonDividends
1.5%
Current Dividend Yield45%
Payout RatioValuation
Is InvoCare undervalued compared to its fair value and its price relative to the market?
34.6%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: IVC (A$10.81) is trading below our estimate of fair value (A$16.54)
Significantly Below Fair Value: IVC is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: IVC is poor value based on its PE Ratio (29.4x) compared to the Australian Consumer Services industry average (23.6x).
PE vs Market: IVC is poor value based on its PE Ratio (29.4x) compared to the Australian market (18.2x).
Price to Earnings Growth Ratio
PEG Ratio: IVC is poor value based on its PEG Ratio (3x)
Price to Book Ratio
PB vs Industry: IVC is overvalued based on its PB Ratio (2.7x) compared to the AU Consumer Services industry average (2.5x).
Future Growth
How is InvoCare forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?
9.8%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: IVC's forecast earnings growth (9.8% per year) is above the savings rate (1.9%).
Earnings vs Market: IVC's earnings (9.8% per year) are forecast to grow slower than the Australian market (10.8% per year).
High Growth Earnings: IVC's earnings are forecast to grow, but not significantly.
Revenue vs Market: IVC's revenue (7.1% per year) is forecast to grow faster than the Australian market (4.6% per year).
High Growth Revenue: IVC's revenue (7.1% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: IVC's Return on Equity is forecast to be low in 3 years time (10.7%).
Past Performance
How has InvoCare performed over the past 5 years?
-25.3%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: IVC has high quality earnings.
Growing Profit Margin: IVC's current net profit margins (10.4%) are higher than last year (1%).
Past Earnings Growth Analysis
Earnings Trend: IVC's earnings have declined by 25.3% per year over the past 5 years.
Accelerating Growth: IVC's earnings growth over the past year (1028.2%) exceeds its 5-year average (-25.3% per year).
Earnings vs Industry: IVC earnings growth over the past year (1028.2%) exceeded the Consumer Services industry 35.9%.
Return on Equity
High ROE: IVC's Return on Equity (9.3%) is considered low.
Financial Health
How is InvoCare's financial position?
Financial Position Analysis
Short Term Liabilities: IVC's short term assets (A$292.3M) exceed its short term liabilities (A$180.1M).
Long Term Liabilities: IVC's short term assets (A$292.3M) do not cover its long term liabilities (A$1.1B).
Debt to Equity History and Analysis
Debt Level: IVC's net debt to equity ratio (20.4%) is considered satisfactory.
Reducing Debt: IVC's debt to equity ratio has reduced from 123.1% to 43.5% over the past 5 years.
Debt Coverage: IVC's debt is well covered by operating cash flow (31.1%).
Interest Coverage: IVC's interest payments on its debt are not well covered by EBIT (1.9x coverage).
Balance Sheet
Dividend
What is InvoCare current dividend yield, its reliability and sustainability?
1.53%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: IVC's dividend (1.53%) isn’t notable compared to the bottom 25% of dividend payers in the Australian market (2.36%).
High Dividend: IVC's dividend (1.53%) is low compared to the top 25% of dividend payers in the Australian market (5.62%).
Stability and Growth of Payments
Stable Dividend: IVC's dividend payments have been volatile in the past 10 years.
Growing Dividend: IVC's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (44.8%), IVC's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: IVC's dividends in 3 years are forecast to be covered by earnings (78.5% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
2.8yrs
Average management tenure
CEO
Olivier Chretien (54 yo)
1
Tenure
Mr. Olivier J. Chretien, MBA MEng GAICD, serves as Chief Executive Officer and Managing Director at InvoCare Limited since January 1, 2021 and serves as its Director since January 4, 2021. He was Group Chi...
Leadership Team
Experienced Management: IVC's management team is considered experienced (2.8 years average tenure).
Board Members
Experienced Board: IVC's board of directors are considered experienced (3.3 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
InvoCare Limited's employee growth, exchange listings and data sources
Key Information
- Name: InvoCare Limited
- Ticker: IVC
- Exchange: ASX
- Founded: 2001
- Industry: Specialized Consumer Services
- Sector: Consumer Services
- Implied Market Cap: AU$1.545b
- Shares outstanding: 142.93m
- Website: https://www.invocare.com.au
Number of Employees
Location
- InvoCare Limited
- 40 Mount Street
- Level 5
- North Sydney
- New South Wales
- 2060
- Australia
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/01/26 07:02 |
| End of Day Share Price | 2022/01/25 00:00 |
| Earnings | 2021/06/30 |
| Annual Earnings | 2020/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.