InvoCare
Market Cap
AU$1.6b
Last Updated
2021/01/16 07:04 UTC
Data Sources
Company Financials +
Executive Summary
InvoCare Limited provides funeral, cemetery, crematoria, and related services in Australia, New Zealand, and Singapore. More Details
Rewards
Risk Analysis
+ 1 more risk
Snowflake Analysis
Adequate balance sheet with reasonable growth potential.
Similar Companies
Share Price & News
How has InvoCare's share price performed over time and what events caused price changes?
Latest Share Price and Events
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.
Market Performance
7 Day Return
-1.0%
IVC
-1.2%
AU Consumer Services
-0.3%
AU Market
1 Year Return
-16.6%
IVC
-11.5%
AU Consumer Services
-1.8%
AU Market
Return vs Industry: IVC underperformed the Australian Consumer Services industry which returned -11.5% over the past year.
Return vs Market: IVC underperformed the Australian Market which returned -1.8% over the past year.
Shareholder returns
IVC | Industry | Market | |
---|---|---|---|
7 Day | -1.0% | -1.2% | -0.3% |
30 Day | 0.7% | -1.8% | 1.6% |
90 Day | 10.8% | 4.4% | 9.9% |
1 Year | -14.7%-16.6% | -8.8%-11.5% | 1.5%-1.8% |
3 Year | -20.6%-26.7% | 17.9%5.2% | 26.2%10.7% |
5 Year | 10.7%-4.0% | 73.3%40.5% | 69.0%35.8% |
Long-Term Price Volatility Vs. Market
How volatile is InvoCare's share price compared to the market and industry in the last 5 years?
Simply Wall St News
5 days ago | Simply Wall St
How Does InvoCare Limited (ASX:IVC) Fare As A Dividend Stock?3 weeks ago | Simply Wall St
Is InvoCare (ASX:IVC) A Risky Investment?1 month ago | Simply Wall St
InvoCare Limited's (ASX:IVC) Has Been On A Rise But Financial Prospects Look Weak: Is The Stock Overpriced?Valuation
Is InvoCare undervalued compared to its fair value and its price relative to the market?
39.7%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: IVC (A$11.53) is trading below our estimate of fair value (A$19.11)
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 (289.4x) compared to the AU Consumer Services industry average (27.9x).
PE vs Market: IVC is poor value based on its PE Ratio (289.4x) compared to the Australian market (22.6x).
Price to Earnings Growth Ratio
PEG Ratio: IVC is poor value based on its PEG Ratio (4.4x)
Price to Book Ratio
PB vs Industry: IVC is overvalued based on its PB Ratio (3x) compared to the AU Consumer Services industry average (1.6x).
Next Steps
Future Growth
How is InvoCare forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?
65.7%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: IVC's forecast earnings growth (65.7% per year) is above the savings rate (2%).
Earnings vs Market: IVC's earnings (65.7% per year) are forecast to grow faster than the Australian market (18% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: IVC's revenue (8.2% per year) is forecast to grow faster than the Australian market (5% per year).
High Growth Revenue: IVC's revenue (8.2% 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 (12.3%).
Next Steps
Past Performance
How has InvoCare performed over the past 5 years?
-7.0%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: IVC has a large one-off loss of A$24.8M impacting its June 30 2020 financial results.
Growing Profit Margin: IVC's current net profit margins (1%) are lower than last year (12.4%).
Past Earnings Growth Analysis
Earnings Trend: IVC's earnings have declined by 7% per year over the past 5 years.
Accelerating Growth: IVC's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: IVC had negative earnings growth (-92.2%) over the past year, making it difficult to compare to the Consumer Services industry average (-18.5%).
Return on Equity
High ROE: IVC's Return on Equity (0.9%) is considered low.
Next Steps
Financial Health
How is InvoCare's financial position?
Financial Position Analysis
Short Term Liabilities: IVC's short term assets (A$332.7M) exceed its short term liabilities (A$169.2M).
Long Term Liabilities: IVC's short term assets (A$332.7M) do not cover its long term liabilities (A$1.0B).
Debt to Equity History and Analysis
Debt Level: IVC's debt to equity ratio (45.4%) is considered high.
Reducing Debt: IVC's debt to equity ratio has reduced from 135.4% to 45.4% over the past 5 years.
Debt Coverage: IVC's debt is well covered by operating cash flow (26.3%).
Interest Coverage: IVC's interest payments on its debt are well covered by EBIT (3.8x coverage).
Balance Sheet
Next Steps
Dividend
What is InvoCare current dividend yield, its reliability and sustainability?
2.51%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: IVC's dividend (2.52%) is higher than the bottom 25% of dividend payers in the Australian market (2.11%).
High Dividend: IVC's dividend (2.52%) is low compared to the top 25% of dividend payers in the Australian market (5.03%).
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 increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (727.8%), IVC's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: IVC's dividends in 3 years are forecast to be covered by earnings (82.8% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
1.8yrs
Average management tenure
CEO
Olivier Chretien (53 yo)
no data
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
Name | Position | Tenure | Compensation | Ownership |
---|---|---|---|---|
Executive Officer | no data | AU$1.01m | 0.013% A$ 212.6k | |
MD, CEO & Director | no data | no data | no data | |
Chief Financial Officer | 0.42yr | no data | no data | |
Company Secretary & Corporate Counsel | 1.83yrs | no data | no data | |
Chief Marketing Officer | 5.58yrs | no data | no data | |
Group Executive of Human Resources | 3.25yrs | no data | no data | |
1.83yrs | no data | no data | ||
Chairman of New Zealand | 9.58yrs | no data | no data | |
Chief Customer Officer | 0.33yr | no data | no data |
1.8yrs
Average Tenure
Experienced Management: IVC's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.
Board Members
Name | Position | Tenure | Compensation | Ownership |
---|---|---|---|---|
MD, CEO & Director | no data | no data | no data | |
Chairman of New Zealand | 9.58yrs | no data | no data | |
Independent Non-Executive Director | 8.92yrs | AU$138.68k | 0.11% A$ 1.8m | |
Independent Chairman | 2.25yrs | AU$277.37k | 0.014% A$ 223.1k | |
Independent Non-executive Director | 2.33yrs | AU$150.24k | 0.0028% A$ 45.7k | |
Independent Non-Executive Director | 2.25yrs | AU$138.68k | 0.0032% A$ 51.6k | |
Independent Non-Executive Director | 2.25yrs | AU$138.68k | no data | |
Independent Non-Executive Director | 4yrs | AU$138.68k | 0.0056% A$ 91.1k |
2.3yrs
Average Tenure
56yo
Average Age
Experienced Board: IVC's board of directors are not considered experienced ( 2.3 years average tenure), which suggests a new board.
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 been diluted in the past year, with total shares outstanding growing by 22.2%.
Top Shareholders
Company Information
InvoCare Limited's company bio, 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
- Market Cap: AU$1.633b
- Shares outstanding: 141.63m
- Website: https://www.invocare.com.au
Number of Employees
Location
- InvoCare Limited
- 40 Miller Street
- Level 2
- North Sydney
- New South Wales
- 2060
- Australia
Listings
Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
---|---|---|---|---|---|---|
IVC | ASX (Australian Securities Exchange) | Yes | Ordinary Shares | AU | AUD | Dec 2003 |
IVC | CHIA (Chi-X Australia) | Yes | Ordinary Shares | AU | AUD | Dec 2003 |
Biography
InvoCare Limited provides funeral, cemetery, crematoria, and related services in Australia, New Zealand, and Singapore. The company operates 290 funeral locations, and 16 cemeteries and crematoria under va...
Company Analysis and Financial Data Status
Data | Last Updated (UTC time) |
---|---|
Company Analysis | 2021/01/16 07:04 |
End of Day Share Price | 2021/01/15 00:00 |
Earnings | 2020/06/30 |
Annual Earnings | 2019/12/31 |
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.