Implenia AG operates as a construction and construction services company primarily in Switzerland, Germany, Austria, Norway, Sweden, France, and internationally.
Adequate balance sheet with moderate growth potential.
Share Price & News
How has Implenia's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: IMPN's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: IMPN exceeded the Swiss Construction industry which returned -7.5% over the past year.
Return vs Market: IMPN exceeded the Swiss Market which returned 3.5% over the past year.
Price Volatility Vs. Market
How volatile is Implenia's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 days ago | Simply Wall StIntroducing Implenia (VTX:IMPN), The Stock That Dropped 49% In The Last Three Years
2 weeks ago | Simply Wall StHow Do Implenia AG’s (VTX:IMPN) Returns Compare To Its Industry?
4 weeks ago | Simply Wall StCould Implenia AG (VTX:IMPN) Have The Makings Of Another Dividend Aristocrat?
Is Implenia undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: IMPN (CHF39.2) is trading below our estimate of fair value (CHF73.5)
Significantly Below Fair Value: IMPN is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: IMPN is poor value based on its PE Ratio (24.4x) compared to the Construction industry average (11x).
PE vs Market: IMPN is poor value based on its PE Ratio (24.4x) compared to the Swiss market (19.2x).
Price to Earnings Growth Ratio
PEG Ratio: IMPN is poor value based on its PEG Ratio (1.1x)
Price to Book Ratio
PB vs Industry: IMPN is overvalued based on its PB Ratio (1.3x) compared to the XE Construction industry average (1x).
How is Implenia forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: IMPN's forecast earnings growth (23% per year) is above the savings rate (-0.2%).
Earnings vs Market: IMPN's earnings (23% per year) are forecast to grow faster than the Swiss market (8.5% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: IMPN's revenue (0.6% per year) is forecast to grow slower than the Swiss market (2.4% per year).
High Growth Revenue: IMPN's revenue (0.6% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: IMPN's Return on Equity is forecast to be low in 3 years time (10.2%).
How has Implenia performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: IMPN has high quality earnings.
Growing Profit Margin: IMPN became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: IMPN's earnings have declined by -30.8% per year over the past 5 years.
Accelerating Growth: IMPN has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: IMPN has become profitable in the last year, making it difficult to compare its past year earnings growth to the Construction industry (6.9%).
Return on Equity
High ROE: IMPN's Return on Equity (5.7%) is considered low.
How is Implenia's financial position?
Financial Position Analysis
Short Term Liabilities: IMPN's short term assets (CHF2.2B) exceed its short term liabilities (CHF1.8B).
Long Term Liabilities: IMPN's short term assets (CHF2.2B) exceed its long term liabilities (CHF695.8M).
Debt to Equity History and Analysis
Debt Level: IMPN's debt to equity ratio (82.7%) is considered high.
Reducing Debt: IMPN's debt to equity ratio has increased from 51.9% to 82.7% over the past 5 years.
Debt Coverage: IMPN's debt is well covered by operating cash flow (29.4%).
Interest Coverage: IMPN's interest payments on its debt are well covered by EBIT (4.3x coverage).
What is Implenia's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: IMPN's dividend (1.91%) isn’t notable compared to the bottom 25% of dividend payers in the Swiss market (1.99%).
High Dividend: IMPN's dividend (1.91%) is low compared to the top 25% of dividend payers in the Swiss market (3.96%).
Stability and Growth of Payments
Stable Dividend: IMPN's dividend payments have been volatile in the past 10 years.
Growing Dividend: IMPN's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (46.6%), IMPN's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: IMPN's dividends in 3 years are forecast to be well covered by earnings (42% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
André Wyss (52yo)
Mr. André Wyss has been Chief Executive Officer at Implenia AG since October 01, 2018. He was the President of Operations at Novartis AG from February 1, 2016 until 2018. Mr. Wyss was responsible for all o ...
CEO Compensation Analysis
Compensation vs Market: André's total compensation ($USD3.02M) is above average for companies of similar size in the Swiss market ($USD1.09M).
Compensation vs Earnings: Insufficient data to compare André's compensation with company performance.
|Chief Executive Officer||1.58yrs||CHF2.91m||0.53% CHF3.8m|
|Chief Financial Officer||1yr||no data||0.011% CHF78.4k|
|Group Chief Information Officer||2.17yrs||no data||no data|
|Head of Investor Relations||no data||no data||no data|
|General Counsel||6.33yrs||no data||0.035% CHF253.0k|
|Chief Communication Officer||no data||no data||no data|
|Chief Human Resources Officer||1yr||no data||0.019% CHF137.2k|
|Head of Division Development||4.67yrs||no data||0.056% CHF402.0k|
|Head Division Buildings & Country President Switzerland||3.17yrs||no data||0.030% CHF219.2k|
|Country President SE||no data||no data||no data|
Experienced Management: IMPN's management team is considered experienced (2.2 years average tenure).
|Independent Non-Executive Chairman of the Board||4.17yrs||CHF453.00k||0.40% CHF2.9m|
|Independent Non-Executive Director||5.17yrs||CHF179.00k||0.038% CHF276.8k|
|Independent Non-Executive Vice Chairman||3.17yrs||CHF163.00k||0.016% CHF113.8k|
|Independent Non-Executive Director||2.17yrs||CHF141.00k||0.0071% CHF51.3k|
|Independent Non-Executive Director||4.17yrs||CHF141.00k||0.022% CHF160.6k|
|Independent Non-Executive Director||4.17yrs||CHF163.00k||0.035% CHF251.0k|
|Independent Non-Executive Director||1.17yrs||CHF105.00k||no data|
Experienced Board: IMPN's board of directors are considered experienced (4.2 years average tenure).
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Implenia AG's company bio, employee growth, exchange listings and data sources
- Name: Implenia AG
- Ticker: IMPN
- Exchange: SWX
- Founded: 2006
- Industry: Construction and Engineering
- Sector: Capital Goods
- Market Cap: CHF723.559m
- Shares outstanding: 18.46m
- Website: https://www.implenia.com
Number of Employees
- Implenia AG
- Industriestrasse 24
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|IMPN||SWX (SIX Swiss Exchange)||Yes||Registered Shares||CH||CHF||Mar 2006|
|I8T||DB (Deutsche Boerse AG)||Yes||Registered Shares||DE||EUR||Mar 2006|
|0QNT||LSE (London Stock Exchange)||Yes||Registered Shares||GB||CHF||Mar 2006|
Implenia AG operates as a construction and construction services company primarily in Switzerland, Germany, Austria, Norway, Sweden, France, and internationally. It operates through four segments: Development, Buildings, Civil Engineering, and Specialties. The company develops private and institutional properties primarily for housing, health, and the ageing population. It is also involved in the modernization of residential and commercial properties, general and total contracting, building construction, road building, and civil works; surfacing and gravel works, and wooden construction; and tunnel construction and foundation engineering services. In addition, the company provides underground construction, structural engineering/new building projects, civil engineering, home and building technology, materials engineering, formwork construction, posttensioning, mechanical and electrical technology, and restoration services for bridges, tunnels, underground garages, and facades. Further, it offers various services for infrastructure projects; and maintenance and repair services, as well as services for road and rail. Implenia AG was founded in 2006 and is headquartered in Dietlikon, Switzerland.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/05/30 22:06|
|End of Day Share Price||2020/05/29 00:00|
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.