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IEI

Imperial Equities TSXV:IEI Stock Report

Last Price

CA$5.00

Market Cap

CA$47.3m

7D

2.2%

1Y

17.6%

Updated

23 Sep, 2022

Data

Company Financials
IEI fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance2/6
Financial Health0/6
Dividends2/6

IEI Stock Overview

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

Imperial Equities Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Imperial Equities
Historical stock prices
Current Share PriceCA$5.00
52 Week HighCA$5.14
52 Week LowCA$4.03
Beta0.067
1 Month Change4.60%
3 Month Change2.46%
1 Year Change17.65%
3 Year Change25.00%
5 Year Change12.87%
Change since IPO809.09%

Recent News & Updates

Jul 14
Imperial Equities (CVE:IEI) Will Pay A Dividend Of CA$0.02

Imperial Equities (CVE:IEI) Will Pay A Dividend Of CA$0.02

The board of Imperial Equities Inc. ( CVE:IEI ) has announced that it will pay a dividend on the 29th of July, with...

Shareholder Returns

IEICA Real EstateCA Market
7D2.2%-5.1%-4.8%
1Y17.6%-23.8%-7.2%

Return vs Industry: IEI exceeded the Canadian Real Estate industry which returned -22.5% over the past year.

Return vs Market: IEI exceeded the Canadian Market which returned -4.6% over the past year.

Price Volatility

Is IEI's price volatile compared to industry and market?
IEI volatility
IEI Average Weekly Movementn/a
Real Estate Industry Average Movement5.1%
Market Average Movement9.9%
10% most volatile stocks in CA Market18.4%
10% least volatile stocks in CA Market3.7%

Stable Share Price: Insufficient data to determine IEI's volatility over the past 3 months.

Volatility Over Time: Insufficient data to determine IEI's volatility change over the past year.

About the Company

FoundedEmployeesCEOWebsite
1998n/aSine Chadihttps://www.imperialequities.com

Imperial Equities Inc. engages in the acquisition, development, redevelopment, leasing, and sale of commercial, industrial, and agricultural properties primarily in Edmonton and Alberta, Canada. Imperial Equities Inc. was incorporated in 1998 and is headquartered in Edmonton, Canada.

Imperial Equities Fundamentals Summary

How do Imperial Equities's earnings and revenue compare to its market cap?
IEI fundamental statistics
Market CapCA$47.26m
Earnings (TTM)CA$7.08m
Revenue (TTM)CA$19.16m

6.7x

P/E Ratio

2.5x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
IEI income statement (TTM)
RevenueCA$19.16m
Cost of RevenueCA$5.99m
Gross ProfitCA$13.16m
Other ExpensesCA$6.09m
EarningsCA$7.08m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.75
Gross Margin68.73%
Net Profit Margin36.94%
Debt/Equity Ratio125.6%

How did IEI perform over the long term?

See historical performance and comparison

Dividends

1.6%

Current Dividend Yield

9%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is IEI undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for IEI?

Other financial metrics that can be useful for relative valuation.

IEI key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue9.3x
Enterprise Value/EBITDA15.3x
PEG Ration/a

Price to Earnings Ratio vs Peers

How does IEI's PE Ratio compare to its peers?

IEI PE Ratio vs Peers
The above table shows the PE ratio for IEI vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average5.3x
UFC Urbanfund
5.1xn/aCA$46.4m
YAK Mongolia Growth Group
4.7xn/aCA$45.8m
BEK.B Becker Milk
4.5xn/aCA$24.5m
HMT Halmont Properties
7xn/aCA$99.2m
IEI Imperial Equities
6.7xn/aCA$47.3m

Price-To-Earnings vs Peers: IEI is expensive based on its Price-To-Earnings Ratio (6.7x) compared to the peer average (5.3x).


Price to Earnings Ratio vs Industry

How does IEI's PE Ratio compare vs other companies in the CA Real Estate Industry?

Price-To-Earnings vs Industry: IEI is good value based on its Price-To-Earnings Ratio (6.7x) compared to the Canadian Real Estate industry average (7.3x)


Price to Earnings Ratio vs Fair Ratio

What is IEI's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

IEI PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio6.7x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate IEI's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of IEI when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: IEI (CA$5) is trading below our estimate of fair value (CA$13.13)

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


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


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Future Growth

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

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


26.3%

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.


Discover growth companies

  • Examine whether Imperial Equities is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  • Imperial Equities competitive advantages and company strategy can generally be found in its financial reports archived here.

Past Performance

How has Imperial Equities performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


15.8%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: IEI has high quality earnings.

Growing Profit Margin: IEI's current net profit margins (36.9%) are lower than last year (40.2%).


Past Earnings Growth Analysis

Earnings Trend: IEI's earnings have grown by 15.8% per year over the past 5 years.

Accelerating Growth: IEI's earnings growth over the past year (3.4%) is below its 5-year average (15.8% per year).

Earnings vs Industry: IEI earnings growth over the past year (3.4%) underperformed the Real Estate industry 33.5%.


Return on Equity

High ROE: IEI's Return on Equity (6.8%) is considered low.


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Financial Health

How is Imperial Equities's financial position?

Financial Health Score

0/6

Financial Health Score 0/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: IEI's short term assets (CA$3.8M) do not cover its short term liabilities (CA$44.2M).

Long Term Liabilities: IEI's short term assets (CA$3.8M) do not cover its long term liabilities (CA$106.6M).


Debt to Equity History and Analysis

Debt Level: IEI's net debt to equity ratio (124%) is considered high.

Reducing Debt: IEI's debt to equity ratio has increased from 110.7% to 125.6% over the past 5 years.

Debt Coverage: IEI's debt is not well covered by operating cash flow (8.8%).

Interest Coverage: IEI's interest payments on its debt are not well covered by EBIT (2.7x coverage).


Balance Sheet


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Dividend

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

Dividend Score

2/6

Dividend Score 2/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


1.60%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: IEI's dividend (1.6%) isn’t notable compared to the bottom 25% of dividend payers in the Canadian market (2.01%).

High Dividend: IEI's dividend (1.6%) is low compared to the top 25% of dividend payers in the Canadian market (5.86%).


Stability and Growth of Payments

Stable Dividend: IEI's dividend payments have been volatile in the past 10 years.

Growing Dividend: IEI's dividend payments have fallen over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its low payout ratio (9.4%), IEI's dividend payments are thoroughly covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its low cash payout ratio (6.6%), IEI's dividend payments are thoroughly covered by cash flows.


Discover strong dividend paying companies

Management

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

24.4yrs

Average board tenure


CEO

Sine Chadi

no data

Tenure

CA$300,000

Compensation

Mr. Sine Chadi is a Founder of Imperial Equities Inc. and serves as its Chairman, Chief Executive Officer, President and Secretary. At Imperial, Mr. Chadi oversees all day-to-day aspects of its growth, dev...


CEO Compensation Analysis

Compensation vs Market: Sine's total compensation ($USD221.15K) is about average for companies of similar size in the Canadian market ($USD177.75K).

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


Board Members

Experienced Board: IEI's board of directors are seasoned and experienced ( 24.4 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

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


Recent Insider Transactions

TSXV:IEI Recent Insider Transactions by Companies or Individuals
DateValueNameEntityRoleSharesMax Price
14 Sep 22BuyCA$86,553Chadi and Company IncCompany17,700CA$4.89
14 Jul 22BuyCA$13,952Sine ChadiIndividual3,000CA$4.70
24 Feb 22BuyCA$1,275Sine ChadiIndividual300CA$4.25
09 Feb 22BuyCA$1,700Sine ChadiIndividual400CA$4.25
01 Feb 22BuyCA$2,550Sine ChadiIndividual600CA$4.25
31 Jan 22BuyCA$1,320Sine ChadiIndividual300CA$4.40
28 Jan 22BuyCA$3,634Sine ChadiIndividual800CA$4.58
15 Nov 21BuyCA$4,496Sine ChadiIndividual1,033CA$4.75

Ownership Breakdown

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


Top Shareholders

Top 8 shareholders own 83.02% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
29.35%
Sine Chadi
2,773,600CA$13.9m0.11%no data
20.48%
Jamel H. Chadi Professional Corporation
1,935,873CA$9.7m0%no data
11.11%
Chadi and Company Inc
1,050,480CA$5.3m1.71%no data
8.62%
Gordon & Diane Buchanan Family Foundation, Asset Management Arm
815,019CA$4.1m0%no data
5.85%
North American Mortgage Corp
552,533CA$2.8m0%no data
4.27%
Diane Buchanan
403,907CA$2.0m0%no data
3.28%
Kevin Lynch
310,000CA$1.6m0%no data
0.049%
David Majeski
4,600CA$23.0k0%no data

Company Information

Imperial Equities Inc.'s 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
  • Implied Market Cap: CA$47.256m
  • Shares outstanding: 9.45m
  • 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

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/09/23 00:00
End of Day Share Price2022/09/23 00:00
Earnings2022/06/30
Annual Earnings2021/09/30


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.