DB:1IC

Stock Analysis Report

Executive Summary

Impact Coatings AB (publ) provides physical vapor deposition (PVD) equipment for surface treatment in Sweden.

Snowflake

Fundamentals

Flawless balance sheet with limited growth.

Risks

  • Impact Coatings has significant price volatility in the past 3 months.
  • Impact Coatings is covered by less than 3 analysts.

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

-1.9%

DB:1IC

-2.0%

DE Machinery

-0.7%

DE Market


1 Year Return

41.6%

DB:1IC

-30.9%

DE Machinery

-7.6%

DE Market

1IC outperformed the Machinery industry which returned -30.9% over the past year.

1IC outperformed the Market in Germany which returned -7.6% over the past year.


Share holder returns

1ICIndustryMarket
7 Day-1.9%-2.0%-0.7%
30 Day1.7%-9.2%-0.8%
90 Day-6.2%-17.9%-3.8%
1 Year41.6%41.6%-28.6%-30.9%-4.7%-7.6%
3 Year-59.6%-61.6%-17.6%-23.4%18.4%8.2%
5 Year129.3%118.0%5.4%0.06%28.8%11.1%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

Is Impact Coatings undervalued based on future cash flows and its price relative to the stock market?

5.14x

Price to Book (PB) ratio


Intrinsic Value Based on Future Cash Flows

Unable to calculate intrinsic value for Impact Coatings to establish if it is available at moderate discount.

Unable to calculate intrinsic value for Impact Coatings to establish if it is available at substantial discount.


Price Based on Earnings

Impact Coatings is loss making, we can't compare its value to the DE Machinery industry average.

Impact Coatings is loss making, we can't compare the value of its earnings to the Germany market.


Price Based on Expected Growth

Unable to calculate PEG ratio for Impact Coatings, we can't assess if its growth is good value.


Price Based on Value of Assets

Impact Coatings is overvalued based on assets compared to the DE Machinery industry average.


Next Steps

Future Growth

How is Impact Coatings expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

53.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Impact Coatings's revenue is expected to grow significantly at over 20% yearly.

Impact Coatings is not considered high growth as it is expected to be loss making for the next 1-3 years.

Impact Coatings's revenue growth is expected to exceed the Germany market average.

Unable to compare Impact Coatings's earnings growth to the Germany market average as it is expected to be loss making during the next 1-3 years.

Unable to compare Impact Coatings's earnings growth to the low risk savings rate as it is expected to be loss making during the next 1-3 years.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if Impact Coatings will efficiently use shareholders’ funds in the future (Return on Equity greater than 20%) as it is not expected to be profitable.


Next Steps

Past Performance

How has Impact Coatings performed over the past 5 years?

-14.2%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Impact Coatings does not make a profit and their year on year earnings growth rate was negative over the past 5 years.

Unable to compare Impact Coatings's 1-year earnings growth to the 5-year average as it is not currently profitable.

Unable to compare Impact Coatings's 1-year growth to the DE Machinery industry average as it is not currently profitable.


Return on Equity

It is difficult to establish if Impact Coatings has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.


Return on Assets

It is difficult to establish if Impact Coatings has efficiently used its assets last year compared to the DE Machinery industry average (Return on Assets) as it is loss-making.


Return on Capital Employed

It is difficult to establish if Impact Coatings improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.


Next Steps

Financial Health

How is Impact Coatings's financial position?


Financial Position Analysis

Impact Coatings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

Impact Coatings's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

Impact Coatings has no debt.

Impact Coatings had no debt 5 years ago.


Balance Sheet

High level of physical assets or inventory.

Impact Coatings has no debt, it does not need to be covered by short term assets.


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Impact Coatings has sufficient cash runway for 1.4 years based on current free cash flow.

Impact Coatings has sufficient cash runway for 1.4 years if free cash flow continues to grow at historical rates of 38.6% each year.


Next Steps

Dividend

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


Dividend Yield and Payments Analysis

Unable to evaluate Impact Coatings's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.

Unable to evaluate Impact Coatings's dividend against the top 25% market benchmark as the company has not reported any payouts.

Unable to perform a dividend volatility check as Impact Coatings has not reported any payouts.

Unable to verify if Impact Coatings's dividend has been increasing as the company has not reported any payouts.


Current Payout to Shareholders

Unable to calculate sustainability of dividends as Impact Coatings has not reported any payouts.


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

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

1.3yrs

Average management tenure


CEO

Torbjörn Sandberg (53yo)

1.2yrs

Tenure

kr877,000

Compensation

Mr. Torbjörn Sandberg has been the Chief Executive Officer of Impact Coatings AB (publ) since OCtober 5, 2018. Mr. Sandberg served as an Interim Chief Executive Officer of Impact Coatings AB (publ) since M ...


CEO Compensation Analysis

Torbjörn's remuneration is lower than average for companies of similar size in Germany.

Insufficient data for Torbjörn to compare compensation growth.


Management Age and Tenure

1.3yrs

Average Tenure

The average tenure for the Impact Coatings management team is less than 2 years, this suggests a new team.


Board Age and Tenure

1.5yrs

Average Tenure

54yo

Average Age

The average tenure for the Impact Coatings board of directors is less than 3 years, this suggests a new board.


Insider Trading

No 3 month individual insider trading information.


Ownership Breakdown


Management Team

  • Torbjörn Sandberg (53yo)

    Chief Executive Officer

    • Tenure: 1.2yrs
    • Compensation: SEK877.00k
  • Peter Högfeldt

    Vice President of Business Management & Marketing

    • Tenure: 1.7yrs
  • Torbjörn Joelsson

    Chief Technology Officer

  • Per Hellsten

    Vice President of Corporate Development

    • Tenure: 1.5yrs
  • Henrik Åkeson

    Vice President of Operations

    • Tenure: 1.5yrs
  • Marie Teikmans

    Chief Financial Officer

    • Tenure: 0.3yrs
  • Will Wright

    Vice President of sales - Asia-Pacific

    • Tenure: 0.3yrs

Board Members

  • Jan-Eric Sundgren (68yo)

    Director

    • Tenure: 4.5yrs
    • Compensation: SEK147.00k
  • Christian Sahlén (54yo)

    Director

    • Tenure: 3.5yrs
    • Compensation: SEK147.00k
  • Mark Shay (47yo)

    Chairman of the Board

    • Tenure: 1.5yrs
    • Compensation: SEK188.00k
  • Tanja Vainio (45yo)

    Director

    • Tenure: 1.5yrs
    • Compensation: SEK122.00k
  • Lars-Gunnar Skötte (59yo)

    Director

    • Tenure: 1.5yrs
    • Compensation: SEK122.00k

Company Information

Impact Coatings AB (publ)'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Impact Coatings AB (publ)
  • Ticker: 1IC
  • Exchange: DB
  • Founded: 1997
  • Industry: industrial machinery
  • Sector: capital goods
  • Market Cap: kr277.438m
  • Listing Market Cap: kr26.360m
  • Shares outstanding: 42.55m
  • Website: Click here

Number of Employees


Location

  • Impact Coatings AB (publ)
  • Westmansgatan 29G
  • Linköping
  • Östergötland County
  • 582 16
  • Sweden

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
IMPCOM (OMX Nordic Exchange Stockholm)YesShare CapitalSESEKDec 2004
1ICDB (Deutsche Boerse AG)YesShare CapitalDEEURDec 2004

Biography

Impact Coatings AB (publ) provides physical vapor deposition (PVD) equipment for surface treatment in Sweden. The company’s PVD systems include InlineCoater for fuel cell metal bipolar plates, automotive l ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/07/21 23:14
End of Day Share Price2019/07/19 00:00
Earnings2019/03/31
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.