TSXV:IFX

Stock Analysis Report

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.

Snowflake

Fundamentals

Flawless balance sheet and good value.

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

0%

IFX

0.03%

CA Packaging

0.1%

CA Market


1 Year Return

-32.5%

IFX

-4.8%

CA Packaging

1.6%

CA Market

Return vs Industry: IFX underperformed the Canadian Packaging industry which returned -4.8% over the past year.

Return vs Market: IFX underperformed the Canadian Market which returned 1.6% over the past year.


Shareholder returns

IFXIndustryMarket
7 Day0%0.03%0.1%
30 Day3.8%-5.4%-2.9%
90 Dayn/a-17.5%-1.4%
1 Year-32.5%-32.5%-3.5%-4.8%5.2%1.6%
3 Year35.0%35.0%23.1%15.5%13.8%3.7%
5 Year35.0%35.0%50.3%32.9%25.3%7.2%

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

Undervalued: IFX (CA$0.54) is trading below our estimate of fair value (CA$3.67)

Significantly Undervalued: 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 (14.1x) compared to the Packaging industry average (20x).

PE vs Market: IFX is poor value based on its PE Ratio (14.1x) compared to the Canadian market (13.7x).


Price to Earnings Growth Ratio

Low 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 (0.9x) compared to the CA Packaging industry average (0.9x).


Next Steps

Future Growth

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

4.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: IFX's forecast earnings growth (4% per year) is above the savings rate (1.9%).

Earnings vs Market: IFX's earnings (4% per year) are forecast to grow slower than the Canadian market (13.2% per year).

High Growth Earnings: IFX's earnings are forecast to grow, but not significantly.

Revenue vs Market: IFX's revenue (6.4% per year) is forecast to grow faster than the Canadian market (5.8% per year).

High Growth Revenue: IFX's revenue (6.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High 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?

49.5%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: IFX has become profitable over the past 5 years, growing earnings by 49.5% per year.

Accelerating Growth: IFX's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: IFX had negative earnings growth (-48.5%) over the past year, making it difficult to compare to the Packaging industry average (-44.3%).


Return on Equity

High ROE: IFX's Return on Equity (6.6%) is considered low.


Return on Assets

ROA vs Industry: IFX has a higher Return on Assets than the Packaging industry average last year.


Return on Capital Employed

ROCE Improving: IFX has improved its Return on Capital Employed over the past 3 years.


Next Steps

Financial Health

How is Imaflex's financial position?


Financial Position Analysis

Short Term Liabilities: IFX's short term assets (CA$26.5M) exceeds its short term liabilities (CA$15.7M)

Long Term Liabilities: IFX's short term assets (26.5M) exceeds its long term liabilities (9.2M)


Debt to Equity History and Analysis

Debt Level: IFX's debt to equity ratio (29.9%) is considered satisfactory

Reducing Debt: IFX's debt to equity ratio has reduced from 69.3% to 29.9% over the past 5 years.

Debt Coverage: IFX's debt is well covered by operating cash flow (76.5%).

Interest Coverage: IFX's interest payments on its debt are well covered by EBIT (5.7x coverage).


Balance Sheet

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

Debt Coverage by Assets: IFX's debt is covered by short term assets (assets are 3.063830x debt).


Next Steps

Dividend

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


Dividend Yield vs Market

companyn/amarketbottom25%2.0%markettop25%6.0%industryaverage2.5%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

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

High Dividend: Unable to evaluate IFX'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 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

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

6.3yrs

Average management tenure


CEO

Joe Abbandonato 0

26.8yrs

Tenure

CA$169,793

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 ($USD129.30K) is about average for companies of similar size in the Canadian market ($USD121.84K).

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


Management Age and Tenure

6.3yrs

Average Tenure

Experienced Management: IFX's management team is seasoned and experienced (6.3 years average tenure).


Board Age and Tenure

5.5yrs

Average Tenure

64yo

Average Age

Experienced Board: IFX's board of directors are considered experienced (5.5 years average tenure).


Insider Trading

Insider Buying: IFX insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

BuyCA$15,11326 Sep 19
John Ripplinger
EntityIndividual
Role
Head of Corporate Communications
Vice-President of Corporate Affairs
Shares25,000
Max PriceCA$0.62
BuyCA$24,50028 Aug 19
John Ripplinger
EntityIndividual
Role
Head of Corporate Communications
Vice-President of Corporate Affairs
Shares50,000
Max PriceCA$0.49
BuyCA$25,09018 Jun 19
Mario Settino
EntityIndividual
Role
Member of the Board of Directors
Director
Shares40,000
Max PriceCA$0.65

Ownership Breakdown


Management Team

  • Joe Abbandonato

    Chairman

    • Tenure: 26.8yrs
    • Compensation: CA$169.79k
  • Tony Abbandonato

    VP of Manufacturing

    • Tenure: 3.3yrs
    • Compensation: CA$172.28k
  • Philip Patrick Nolan (57yo)

    Legal Counsel & Director

    • Tenure: 18.3yrs
    • Compensation: CA$8.00k
  • Ralf Dujardin

    Vice President of Marketing & Innovation

    • Tenure: 6.3yrs
    • Compensation: CA$226.82k
  • Giancarlo Santella

    Chief Financial Officer

    • Tenure: 1.3yrs
    • Compensation: CA$170.29k
  • John Ripplinger

    Vice-President of Corporate Affairs

    • Tenure: 3.1yrs
    • Compensation: CA$187.56k

Board Members

  • Michel Baril (64yo)

    Director

    • Tenure: 11.6yrs
    • Compensation: CA$8.00k
  • Joe Abbandonato

    Chairman

    • Tenure: 26.8yrs
    • Compensation: CA$169.79k
  • Tony Abbandonato

    VP of Manufacturing

    • Tenure: 3.3yrs
    • Compensation: CA$172.28k
  • Philip Patrick Nolan (57yo)

    Legal Counsel & Director

    • Tenure: 18.3yrs
    • Compensation: CA$8.00k
  • Mario Settino (64yo)

    Director

    • Tenure: 2.3yrs
    • Compensation: CA$9.00k
  • Consolato Gattuso

    Director

    • Tenure: 7.6yrs
    • Compensation: CA$8.00k
  • Lorne Steinberg

    Director

    • Tenure: 2.3yrs
    • Compensation: CA$8.00k

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$27.007m
  • Shares outstanding: 50.01m
  • 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 Analysis2019/10/17 23:37
End of Day Share Price2019/10/09 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.