Incitec Pivot Limited manufactures and distributes industrial explosives, industrial chemicals, and fertilizers in Australia, the United States, Canada, Turkey, and internationally. More Details
Very undervalued with reasonable growth potential.
Share Price & News
How has Incitec Pivot's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: IPL has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: IPL underperformed the Australian Chemicals industry which returned -35.4% over the past year.
Return vs Market: IPL underperformed the Australian Market which returned -9.2% over the past year.
Price Volatility Vs. Market
How volatile is Incitec Pivot's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall StIncitec Pivot Limited (ASX:IPL) Insiders Increased Their Holdings
3 weeks ago | Simply Wall StWhat Does Incitec Pivot Limited's (ASX:IPL) Share Price Indicate?
1 month ago | Simply Wall StIs Incitec Pivot Limited (ASX:IPL) Trading At A 42% Discount?
Is Incitec Pivot undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: IPL (A$1.92) is trading below our estimate of fair value (A$3.64)
Significantly Below Fair Value: IPL is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: IPL is good value based on its PE Ratio (17.6x) compared to the AU Chemicals industry average (18.1x).
PE vs Market: IPL is good value based on its PE Ratio (17.6x) compared to the Australian market (20.8x).
Price to Earnings Growth Ratio
PEG Ratio: IPL is good value based on its PEG Ratio (0.8x)
Price to Book Ratio
PB vs Industry: IPL is good value based on its PB Ratio (0.6x) compared to the AU Chemicals industry average (3.8x).
How is Incitec Pivot forecast to perform in the next 1 to 3 years based on estimates from 11 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: IPL's forecast earnings growth (22.6% per year) is above the savings rate (2.3%).
Earnings vs Market: IPL's earnings (22.6% per year) are forecast to grow faster than the Australian market (18.3% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: IPL's revenue (5% per year) is forecast to grow faster than the Australian market (5% per year).
High Growth Revenue: IPL's revenue (5% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: IPL's Return on Equity is forecast to be low in 3 years time (7.6%).
How has Incitec Pivot performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: IPL has high quality earnings.
Growing Profit Margin: IPL's current net profit margins (4.3%) are lower than last year (6.1%).
Past Earnings Growth Analysis
Earnings Trend: IPL's earnings have declined by 12.2% per year over the past 5 years.
Accelerating Growth: IPL's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: IPL had negative earnings growth (-27.6%) over the past year, making it difficult to compare to the Chemicals industry average (-3.7%).
Return on Equity
High ROE: IPL's Return on Equity (3.6%) is considered low.
How is Incitec Pivot's financial position?
Financial Position Analysis
Short Term Liabilities: IPL's short term assets (A$1.5B) do not cover its short term liabilities (A$1.6B).
Long Term Liabilities: IPL's short term assets (A$1.5B) do not cover its long term liabilities (A$3.5B).
Debt to Equity History and Analysis
Debt Level: IPL's debt to equity ratio (53.6%) is considered high.
Reducing Debt: IPL's debt to equity ratio has increased from 50.6% to 53.6% over the past 5 years.
Debt Coverage: IPL's debt is well covered by operating cash flow (23.2%).
Interest Coverage: IPL's interest payments on its debt are not well covered by EBIT (2x coverage).
What is Incitec Pivot current dividend yield, its reliability and sustainability?
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate IPL's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate IPL's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if IPL's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if IPL's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: IPL is not paying a notable dividend for the Australian market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of IPL's dividend in 3 years as they are not forecast to pay a notable one for the Australian market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Jeanne Johns (57 yo)
Ms. Jeanne M. Johns, B.S. Chemical Engineering, magna cum laude has been Managing Director and Chief Executive Officer of Incitec Pivot Limited since November 15, 2017. Ms. Johns served as the Head of Safe ...
CEO Compensation Analysis
Compensation vs Market: Jeanne's total compensation ($USD2.25M) is about average for companies of similar size in the Australian market ($USD2.00M).
Compensation vs Earnings: Jeanne's compensation has been consistent with company performance over the past year.
|MD, CEO & Executive Director||2.92yrs||AU$3.21m||0.032% |
|Chief Financial Officer||0.25yr||AU$1.24m||0.0010% |
|President of Dyno Nobel Asia Pacific||2.75yrs||AU$912.00k||0.00044% |
|President of Global Manufacturing & Corporate HSE||1.92yrs||AU$1.04m||no data|
|President of Incitec Pivot Fertilisers||1.75yrs||AU$887.75k||no data|
|Chief Technology Officer||2.75yrs||no data||no data|
|Executive Chief Information Officer||1.5yrs||no data||no data|
|General Manager of Group Finance & Investor Relations||no data||no data||no data|
|Group General Counsel||1.17yrs||no data||no data|
|Chief Communications Officer||no data||no data||no data|
|President of Dyno Nobel Americas||0.25yr||no data||no data|
|Company Secretary||1.17yrs||no data||no data|
Experienced Management: IPL's management team is not considered experienced ( 1.6 years average tenure), which suggests a new team.
|MD, CEO & Executive Director||2.92yrs||AU$3.21m||0.032% |
|Independent Non-Executive Director||1.83yrs||AU$189.00k||0.0017% |
|Independent Non-Executive Chairman||1.25yrs||AU$320.00k||0.0022% |
|Independent Non-Executive Director||0.92yr||no data||0.0034% |
|Independent Non-Executive Director||0.92yr||no data||0.0022% |
|Independent Non-Executive Director||9.08yrs||AU$245.00k||0.0021% |
Experienced Board: IPL's board of directors are not considered experienced ( 1.5 years average tenure), which suggests a new board.
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
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 21%.
Incitec Pivot Limited's company bio, employee growth, exchange listings and data sources
- Name: Incitec Pivot Limited
- Ticker: IPL
- Exchange: ASX
- Founded: 1831
- Industry: Diversified Chemicals
- Sector: Materials
- Market Cap: AU$3.826b
- Shares outstanding: 1.94b
- Website: https://www.incitecpivot.com.au
Number of Employees
- Incitec Pivot Limited
- 28 Freshwater Place
- Level 8
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|ICPV.F||OTCPK (Pink Sheets LLC)||Yes||Ordinary Shares||US||USD||Jul 2003|
|IPL||ASX (Australian Securities Exchange)||Yes||Ordinary Shares||AU||AUD||Jul 2003|
|I5P||DB (Deutsche Boerse AG)||Yes||Ordinary Shares||DE||EUR||Jul 2003|
|IPL||CHIA (Chi-X Australia)||Yes||Ordinary Shares||AU||AUD||Jul 2003|
|INCZ.Y||OTCPK (Pink Sheets LLC)||SPONSORED ADR||US||USD||Jan 2015|
Incitec Pivot Limited manufactures and distributes industrial explosives, industrial chemicals, and fertilizers in Australia, the United States, Canada, Turkey, and internationally. The company manufacture ...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/10/30 10:31|
|End of Day Share Price||2020/10/30 00:00|
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.