TSXV:IFX

Stock Analysis Report

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Executive Summary

Imaflex Inc., together with its subsidiary, develops, manufactures, and sells flexible packaging materials for consumer, industrial, and agriculture markets in Canada, the United States, and internationally. More Details


Snowflake Analysis

Flawless balance sheet and undervalued.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: IFX has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-9.3%

IFX

1.5%

CA Packaging

-0.5%

CA Market


1 Year Return

15.3%

IFX

5.4%

CA Packaging

-3.5%

CA Market

Return vs Industry: IFX exceeded the Canadian Packaging industry which returned 4.7% over the past year.

Return vs Market: IFX exceeded the Canadian Market which returned -4.3% over the past year.


Shareholder returns

IFXIndustryMarket
7 Day-9.3%1.5%-0.5%
30 Day0%5.4%3.0%
90 Day7.9%13.6%2.4%
1 Year15.3%15.3%7.1%5.4%-0.06%-3.5%
3 Year-36.4%-36.4%-9.3%-12.8%7.1%-3.3%
5 Year61.9%61.9%46.8%38.5%36.8%15.8%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Imaflex undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: IFX (CA$0.68) is trading below our estimate of fair value (CA$8.18)

Significantly Below Fair Value: IFX is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: IFX is good value based on its PE Ratio (8.1x) compared to the CA Packaging industry average (19.8x).

PE vs Market: IFX is good value based on its PE Ratio (8.1x) compared to the Canadian market (16.4x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: IFX is good value based on its PB Ratio (1x) compared to the CA Packaging industry average (2x).


Next Steps

Future Growth

How is Imaflex forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

3.9%

Forecasted annual revenue growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if IFX's forecast earnings growth is above the savings rate (1.7%).

Earnings vs Market: Insufficient data to determine if IFX's earnings are forecast to grow faster than the Canadian market

High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: IFX's revenue (3.9% per year) is forecast to grow slower than the Canadian market (5.8% per year).

High Growth Revenue: IFX's revenue (3.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if IFX's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Imaflex performed over the past 5 years?

26.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: IFX has high quality earnings.

Growing Profit Margin: IFX's current net profit margins (5.3%) are higher than last year (2.2%).


Past Earnings Growth Analysis

Earnings Trend: IFX's earnings have grown significantly by 26.6% per year over the past 5 years.

Accelerating Growth: IFX's earnings growth over the past year (120.1%) exceeds its 5-year average (26.6% per year).

Earnings vs Industry: IFX earnings growth over the past year (120.1%) exceeded the Packaging industry 42.4%.


Return on Equity

High ROE: IFX's Return on Equity (12.7%) is considered low.


Next Steps

Financial Health

How is Imaflex's financial position?


Financial Position Analysis

Short Term Liabilities: IFX's short term assets (CA$24.8M) exceed its short term liabilities (CA$11.3M).

Long Term Liabilities: IFX's short term assets (CA$24.8M) exceed its long term liabilities (CA$9.3M).


Debt to Equity History and Analysis

Debt Level: IFX's debt to equity ratio (26.7%) is considered satisfactory.

Reducing Debt: IFX's debt to equity ratio has reduced from 64.6% to 26.7% over the past 5 years.

Debt Coverage: IFX's debt is well covered by operating cash flow (110.8%).

Interest Coverage: IFX's interest payments on its debt are well covered by EBIT (8x coverage).


Balance Sheet


Next Steps

Dividend

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


Dividend Yield vs Market

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

High Dividend: Unable to evaluate IFX'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 IFX's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if IFX'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 IFX'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?

7.3yrs

Average management tenure


CEO

Joe Abbandonato

27.75yrs

Tenure

CA$165,933

Compensation

Mr. Joseph Marino Abbandonato, also known as Joe, has been the Chief Executive Officer and President at Imaflex Inc., since 1993. From 1966 to 1992, Mr. Abbandonato held various positions with corporations ...


CEO Compensation Analysis

Compensation vs Market: Joe's total compensation ($USD126.40K) is about average for companies of similar size in the Canadian market ($USD171.76K).

Compensation vs Earnings: Joe's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Joseph Abbandonato
Chairman27.75yrsCA$165.93k29.15%
CA$ 9.9m
Giancarlo Santella
Chief Financial Officer2.33yrsCA$177.77k0.20%
CA$ 68.0k
Philip Patrick Nolan
Legal Counsel & Independent Director19.33yrsCA$8.00k9.67%
CA$ 3.3m
Ralf Dujardin
Vice President of Marketing & Innovation7.25yrsCA$249.17kno data
Tony Abbandonato
VP of Manufacturing4.33yrsCA$178.26k4.87%
CA$ 1.7m
John Ripplinger
Vice-President of Corporate Affairs4.08yrsCA$183.49k0.15%
CA$ 51.0k

7.3yrs

Average Tenure

Experienced Management: IFX's management team is seasoned and experienced (7.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Joseph Abbandonato
Chairman27.75yrsCA$165.93k29.15%
CA$ 9.9m
Philip Patrick Nolan
Legal Counsel & Independent Director19.33yrsCA$8.00k9.67%
CA$ 3.3m
Tony Abbandonato
VP of Manufacturing4.33yrsCA$178.26k4.87%
CA$ 1.7m
Michel Baril
Independent Director12.58yrsCA$8.00k0.040%
CA$ 13.6k
Mario Settino
Independent Director3.33yrsCA$9.00k0.080%
CA$ 27.2k
Consolato Gattuso
Independent Director8.58yrsCA$8.00k0.091%
CA$ 30.8k
Lorne Steinberg
Independent Director3.33yrsCA$8.00kno data

6.5yrs

Average Tenure

65yo

Average Age

Experienced Board: IFX's board of directors are considered experienced (6.5 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.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Imaflex Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Imaflex Inc.
  • Ticker: IFX
  • Exchange: TSXV
  • Founded: 1994
  • Industry: Paper Packaging
  • Sector: Materials
  • Market Cap: CA$34.043m
  • Shares outstanding: 50.06m
  • Website: https://www.imaflex.com

Number of Employees


Location

  • Imaflex Inc.
  • 5710 Notre-Dame Street West
  • Montreal
  • Quebec
  • H4C 1V2
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
IFXTSXV (TSX Venture Exchange)YesClass A Voting SharesCACADFeb 1999
IFLX.FOTCPK (Pink Sheets LLC)YesClass A Voting SharesUSUSDFeb 1999

Biography

Imaflex Inc., together with its subsidiary, develops, manufactures, and sells flexible packaging materials for consumer, industrial, and agriculture markets in Canada, the United States, and internationall ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/23 00:46
End of Day Share Price2020/10/21 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.