TSXV:IEI

Stock Analysis Report

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Executive Summary

Imperial Equities Inc. engages in the acquisition, development, redevelopment, leasing, and sale of commercial, industrial, and agricultural properties primarily in Edmonton and Alberta, Canada.


Snowflake Analysis

Undervalued with proven track record.

Share Price & News

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


Latest Share Price and Events

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


Market Performance


7 Day Return

0%

IEI

-1.0%

CA Real Estate

-0.5%

CA Market


1 Year Return

-14.0%

IEI

5.0%

CA Real Estate

-12.7%

CA Market

Return vs Industry: IEI underperformed the Canadian Real Estate industry which returned 4.1% over the past year.

Return vs Market: IEI underperformed the Canadian Market which returned -12.4% over the past year.


Shareholder returns

IEIIndustryMarket
7 Day0%-1.0%-0.5%
30 Day-9.9%-3.8%-3.2%
90 Day-11.2%9.5%7.8%
1 Year-12.8%-14.0%5.7%5.0%-9.6%-12.7%
3 Year-31.5%-32.4%31.4%27.6%3.0%-6.9%
5 Year-32.1%-33.0%92.5%81.3%19.1%1.1%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Imperial Equities 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: IEI (CA$3.02) is trading below our estimate of fair value (CA$10.55)

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


Price To Earnings Ratio

PE vs Industry: IEI is good value based on its PE Ratio (4.9x) compared to the Real Estate industry average (13.8x).

PE vs Market: IEI is good value based on its PE Ratio (4.9x) compared to the Canadian market (13.1x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: IEI is good value based on its PB Ratio (0.3x) compared to the CA Real Estate industry average (0.7x).


Next Steps

Future Growth

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

54.1%

Forecasted Real Estate 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 Imperial Equities 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 Imperial Equities performed over the past 5 years?

-8.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: IEI has high quality earnings.

Growing Profit Margin: IEI's current net profit margins (35.3%) are higher than last year (4.8%).


Past Earnings Growth Analysis

Earnings Trend: IEI's earnings have declined by -8.2% per year over the past 5 years.

Accelerating Growth: IEI's earnings growth over the past year (635.5%) exceeds its 5-year average (-8.2% per year).

Earnings vs Industry: IEI earnings growth over the past year (635.5%) exceeded the Real Estate industry -3.5%.


Return on Equity

High ROE: IEI's Return on Equity (6.4%) is considered low.


Next Steps

Financial Health

How is Imperial Equities's financial position?


Financial Position Analysis

Short Term Liabilities: IEI's short term assets (CA$634.3K) do not cover its short term liabilities (CA$38.0M).

Long Term Liabilities: IEI's short term assets (CA$634.3K) do not cover its long term liabilities (CA$103.0M).


Debt to Equity History and Analysis

Debt Level: IEI's debt to equity ratio (136.6%) is considered high.

Reducing Debt: IEI's debt to equity ratio has increased from 111.2% to 136.6% over the past 5 years.

Debt Coverage: IEI's debt is not well covered by operating cash flow (8.6%).

Interest Coverage: IEI's interest payments on its debt are not well covered by EBIT (2.4x coverage).


Balance Sheet


Next Steps

Dividend

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

3.31%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: IEI's dividend (3.31%) is higher than the bottom 25% of dividend payers in the Canadian market (1.88%).

High Dividend: IEI's dividend (3.31%) is low compared to the top 25% of dividend payers in the Canadian market (6.08%).


Stability and Growth of Payments

Stable Dividend: IEI has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: IEI has only been paying a dividend for 7 years, and since then payments have not increased.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (8.2%), IEI's dividend payments are thoroughly covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

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

4.3yrs

Average board tenure


CEO

Sine Chadi

no data

Tenure

CA$300,000

Compensation

Mr. Sine Chadi serves as the Chairman, Chief Executive Officer, President and Secretary of Imperial Equities Inc. At Imperial, Mr. Chadi oversees all the day to day aspects of its growth, development and m ...


CEO Compensation Analysis

Compensation vs Market: Sine's total compensation ($USD220.99K) is about average for companies of similar size in the Canadian market ($USD175.49K).

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


Board Members

NamePositionTenureCompensationOwnership
Sine Chadi
Chairmanno dataCA$300.00k29.24% CA$8.4m
Diane Buchanan
Independent Director22.25yrsCA$10.00k4.27% CA$1.2m
Kevin Lynch
Director22.25yrsCA$12.50k3.28% CA$936.2k
David Majeski
Independent Director4.33yrsCA$12.50k0.049% CA$13.9k
Susan Green
Independent Director2.5yrsCA$10.00k3.28% CA$936.2k
Robert Westbury
Independent Director1.17yrsno datano data

4.3yrs

Average Tenure

Experienced Board: IEI's board of directors are considered experienced (4.3 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.


Recent Insider Transactions

Ownership Breakdown

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


Top Shareholders

Company Information

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


Key Information

  • Name: Imperial Equities Inc.
  • Ticker: IEI
  • Exchange: TSXV
  • Founded: 1998
  • Industry: Real Estate Operating Companies
  • Sector: Real Estate
  • Market Cap: CA$28.571m
  • Shares outstanding: 9.46m
  • Website: https://www.imperialequities.com

Location

  • Imperial Equities Inc.
  • 2151 Scotia Place
  • 10060 Jasper Avenue
  • Edmonton
  • Alberta
  • T5J 3R8
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
IEITSXV (TSX Venture Exchange)YesCommon SharesCACADNov 1998

Biography

Imperial Equities Inc. engages in the acquisition, development, redevelopment, leasing, and sale of commercial, industrial, and agricultural properties primarily in Edmonton and Alberta, Canada. The company operates in two segments, Agricultural and Industrial/Retail. Imperial Equities Inc. was founded in 1998 and is headquartered in Edmonton, Canada. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/07/10 00:14
End of Day Share Price2020/07/03 00:00
Earnings2020/03/31
Annual Earnings2019/09/30


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.