TSX:INQ

Stock Analysis Report

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Executive Summary

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


Snowflake Analysis

Excellent balance sheet and overvalued.


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

Stable Share Price: INQ's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-8.3%

INQ

-1.6%

CA Commercial Services

-1.0%

CA Market


1 Year Return

-17.5%

INQ

18.4%

CA Commercial Services

-4.3%

CA Market

Return vs Industry: INQ underperformed the Canadian Commercial Services industry which returned 19.9% over the past year.

Return vs Market: INQ underperformed the Canadian Market which returned -4.2% over the past year.


Shareholder returns

INQIndustryMarket
7 Day-8.3%-1.6%-1.0%
30 Day11.9%3.0%1.3%
90 Day40.4%6.3%1.9%
1 Year-17.5%-17.5%20.1%18.4%-0.9%-4.3%
3 Year-81.1%-81.1%53.1%43.4%6.4%-4.0%
5 Year-77.2%-77.2%105.7%83.9%33.3%12.8%

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 compared to its fair value and its price relative to the market?

0.79x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate INQ's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate INQ's fair value to establish if it is undervalued.


Price To Earnings Ratio

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

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


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: INQ is good value based on its PB Ratio (0.8x) compared to the CA Commercial Services industry average (1.6x).


Next Steps

Future Growth

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

58.9%

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?

6.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: INQ is currently unprofitable.

Growing Profit Margin: INQ is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: INQ is unprofitable, but has reduced losses over the past 5 years at a rate of 6.6% 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 (15.4%).


Return on Equity

High ROE: INQ has a negative Return on Equity (-10.72%), as it is currently unprofitable.


Next Steps

Financial Health

How is Inscape's financial position?


Financial Position Analysis

Short Term Liabilities: INQ's short term assets (CA$18.1M) exceed its short term liabilities (CA$10.1M).

Long Term Liabilities: INQ's short term assets (CA$18.1M) exceed its long term liabilities (CA$10.3M).


Debt to Equity History and Analysis

Debt Level: INQ is debt free.

Reducing Debt: INQ had no debt 5 years ago.


Balance Sheet


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 3 years based on its current free cash flow.

Forecast Cash Runway: INQ has less than a year of cash runway if free cash flow continues to grow at historical rates of 5.9% each year.


Next Steps

Dividend

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


Dividend Yield vs Market

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

High Dividend: Unable to evaluate INQ'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 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

How experienced are the management team and are they aligned to shareholders interests?

1.3yrs

Average management tenure


CEO

Eric Ehgoetz

0.58

Tenure

CA$402,178

Compensation

Mr. Eric K. Ehgoetz, CFA serves as Chief Executive Officer at Inscape Corporation since March 05, 2020. He was a Partner and Founding Partner of Spectrum Capital Partners. Mr. Ehgoetz has over 20 years of ...


CEO Compensation Analysis

Compensation vs Market: Eric's total compensation ($USD306.24K) is above average for companies of similar size in the Canadian market ($USD171.43K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Eric Ehgoetz
CEO & Director0.58yrCA$402.18k0.17%
CA$ 16.4k
Jonathon Szczur
CFO & Secretary0.75yrCA$436.26kno data
Dennis Dyke
Vice President of Supply Chain2.75yrsCA$248.40k0.26%
CA$ 24.9k
John Gols
Chief Operating Officer0.92yrCA$764.06kno data
David Gerson
Chief Brand Officer1.67yrsCA$413.53kno data
Cecilia Nugent
Vice President of Human Resources3.75yrsno data0.076%
CA$ 7.2k

1.3yrs

Average Tenure

Experienced Management: INQ's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Eric Ehgoetz
CEO & Director0.58yrCA$402.18k0.17%
CA$ 16.4k
Dezso Horvath
Independent Director17.83yrsCA$40.51k0.049%
CA$ 4.7k
Bartley Bull
Independent Chairman of the Boardno dataCA$55.13k10.5%
CA$ 996.6k
Quentin Kong
Independent Director1.08yrsCA$19.00kno data
David LaSalle
Independent Director2.08yrsCA$31.51kno data
Tania Bortolotto
Independent Director2.58yrsCA$33.38k0.076%
CA$ 7.3k

2.6yrs

Average Tenure

Experienced Board: INQ's board of directors are not considered experienced ( 2.6 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 not been meaningfully diluted in the past year.


Top Shareholders

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$9.491m
  • 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 through two segments, Office Furniture an ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/21 23:55
End of Day Share Price2020/10/15 00:00
Earnings2020/07/31
Annual Earnings2020/04/30


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.