TSX:INQ

Stock Analysis Report

Executive Summary

Inscape Corporation, together with its subsidiaries, manufactures office furniture and wall products in the United States, Canada, and internationally.

Snowflake

Fundamentals

Excellent balance sheet and fair value.


Similar Companies

Share Price & News

How has Inscape's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

0%

INQ

-0.3%

CA Commercial Services

-0.3%

CA Market


1 Year Return

-52.9%

INQ

-17.3%

CA Commercial Services

0.9%

CA Market

Return vs Industry: INQ underperformed the Canadian Commercial Services industry which returned -17.3% over the past year.

Return vs Market: INQ underperformed the Canadian Market which returned 0.9% over the past year.


Share holder returns

INQIndustryMarket
7 Day0%-0.3%-0.3%
30 Day-5.9%-6.3%-2.1%
90 Day-38.5%-2.2%-1.5%
1 Year-52.9%-52.9%-14.4%-17.3%4.4%0.9%
3 Year-77.8%-77.8%3.1%-5.1%15.7%5.4%
5 Year-64.4%-64.4%-19.6%-34.1%26.1%7.9%

Price Volatility Vs. Market

How volatile is Inscape's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Inscape undervalued based on future cash flows and its price relative to the stock market?

>50%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

Undervalued: INQ (CA$0.8) is trading below our estimate of fair value (CA$3.11)

Significantly Undervalued: INQ is trading below fair value by more than 20%.


Price Based on Earnings

PE vs Industry: INQ is unprofitable, so we can't compare its PE Ratio to the Commercial Services industry average.

PE vs Market: INQ is unprofitable, so we can't compare its PE Ratio to the Canadian market.


Price Based on Expected Growth

Low PEG Ratio: Insufficient data to calculate INQ's PEG Ratio to determine if it is good value.


Price Based on Value of Assets

PB vs Industry: INQ is good value based on its PB Ratio (0.7x) compared to the CA Commercial Services industry average (0.8x).


Next Steps

Future Growth

How is Inscape expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

58.2%

Forecasted Commercial Services industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Inscape has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Inscape performed over the past 5 years?

13.3%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: INQ is unprofitable, but has reduced losses over the past 5 years at a rate of 13.3% per year.

Accelerating Growth: Unable to compare INQ's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: INQ is unprofitable, making it difficult to compare its past year earnings growth to the Commercial Services industry (-2.1%).


Return on Equity

High ROE: INQ has a negative Return on Equity (-38.79%), as it is currently unprofitable.


Return on Assets

ROA vs Industry: INQ is currently unprofitable, so its Return on Assets is negative.


Return on Capital Employed

ROCE Improving: INQ is currently unprofitable, so its Return on Capital Employed is negative.


Next Steps

Financial Health

How is Inscape's financial position?


Financial Position Analysis

Short Term Liabilities: INQ's short term assets (CA$24.7M) exceeds its short term liabilities (CA$19.2M)

Long Term Liabilities: INQ's short term assets (24.7M) exceeds its long term liabilities (8.4M)


Debt to Equity History and Analysis

Debt Level: INQ is debt free.

Reducing Debt: INQ has not had any debt for past 5 years.


Balance Sheet

Inventory Level: INQ has a high level of physical assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if INQ's debt is covered by short term assets.


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: INQ has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if INQ has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Next Steps

Dividend

What is Inscape's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%2.0%markettop25%6.0%industryaverage2.2%forecastin3Yearsn/a

Current dividend yield vs market & industry


Dividend Yield and Payments Analysis

Notable Dividend: Unable to evaluate INQ's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate INQ's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.

Stable Dividend: Insufficient data to determine if INQ's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if INQ's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of INQ's dividend in 3 years as they are not forecast to pay a notable one for the Canadian market.


Next Steps

Management

What is the CEO of Inscape's salary, the management and board of directors tenure and is there insider trading?

2.3yrs

Average management tenure


CEO

Brian Mirsky 0

2.8yrs

Tenure

CA$395,105

Compensation

Mr. Brian A. Mirsky has been the Chief Executive Officer of INSCAPE Corporation since December 9, 2016. Mr. Mirsky serves as the Chief Executive Officer of Freshchange Foods Group. He serves as the Preside ...


CEO Compensation Analysis

Compensation vs. Market: Brian's total compensation ($USD299.95K) is above average for companies of similar size in the Canadian market ($USD121.70K).

Compensation vs Earnings: Brian's compensation has increased whilst the company is unprofitable.


Management Age and Tenure

2.3yrs

Average Tenure

Experienced Management: INQ's management team is considered experienced (2.3 years average tenure).


Board Age and Tenure

1.6yrs

Average Tenure

Experienced Board: INQ's board of directors are not considered experienced ( 1.6 years average tenure), which suggests a new board.


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

SellCA$19509 May 19
Madan Bhayana
EntityIndividual
Shares100
Max PriceCA$1.95
BuyCA$27,80426 Jan 19
Eric Ehgoetz
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares19,860
Max PriceCA$1.40
BuyCA$14,50008 Jan 19
Brian Mirsky
EntityIndividual
Role
Chief Executive Officer
Vice Chair & CEO
Shares10,000
Max PriceCA$1.45
BuyCA$42,90007 Jan 19
Brian Mirsky
EntityIndividual
Role
Chief Executive Officer
Vice Chair & CEO
Shares30,000
Max PriceCA$1.43
BuyCA$8,50026 Oct 18
Tania Bortolotto
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares5,000
Max PriceCA$1.70

Ownership Breakdown


Management Team

  • Brian Mirsky

    Vice Chair & CEO

    • Tenure: 2.8yrs
    • Compensation: CA$395.11k
  • Holland Dyke

    Vice President of Operations

    • Tenure: 1.8yrs
  • Aziz Hirji

    CFO & Secretary

    • Tenure: 2.9yrs
    • Compensation: CA$305.78k
  • John Gols

    Chief Commercial Officer

    • Tenure: 1.8yrs
    • Compensation: CA$563.60k
  • Cecilia Nugent

    Vice President of Human Resources

    • Tenure: 2.8yrs
  • David Gerson

    Chief Brand Officer

    • Tenure: 0.7yrs
    • Compensation: CA$417.79k

Board Members

  • Dezsö Horváth (76yo)

    Independent Director

    • Tenure: 16.8yrs
    • Compensation: CA$44.65k
  • Bart Bull

    Independent Chairman of the Board

    • Tenure: 0yrs
    • Compensation: CA$63.65k
  • Brian Mirsky

    Vice Chair & CEO

    • Tenure: 2.8yrs
    • Compensation: CA$395.11k
  • Eric Ehgoetz

    Independent Director

    • Tenure: 3.3yrs
    • Compensation: CA$56.15k
  • Quentin Kong

    Independent Director

    • Tenure: 0.08yrs
    • Compensation: CA$75.40k
  • David LaSalle

    Independent Director

    • Tenure: 1.1yrs
    • Compensation: CA$35.03k
  • Tania Bortolotto

    Independent Director

    • Tenure: 1.6yrs
    • Compensation: CA$40.15k

Company Information

Inscape Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Inscape Corporation
  • Ticker: INQ
  • Exchange: TSX
  • Founded: 1888
  • Industry: Office Services and Supplies
  • Sector: Commercial Services
  • Market Cap: CA$11.505m
  • Shares outstanding: 14.38m
  • Website: https://myinscape.com

Number of Employees


Location

  • Inscape Corporation
  • 67 Toll Road
  • Holland Landing
  • East Gwillimbury
  • Ontario
  • L9N 1H2
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
INQTSX (The Toronto Stock Exchange)YesClass B Subordinated Voting SharesCACADApr 1996
ICPB.FOTCPK (Pink Sheets LLC)YesClass B Subordinated Voting SharesUSUSDApr 1996

Biography

Inscape Corporation, together with its subsidiaries, manufactures office furniture and wall products in the United States, Canada, and internationally. It operates in two segments, Office Furniture and Wal ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/14 01:10
End of Day Share Price2019/10/04 00:00
Earnings2019/07/31
Annual Earnings2019/04/30


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.

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