DB:1IC

Stock Analysis Report

Executive Summary

Impact Coatings AB (publ) develops and commercializes physical vapor deposition (PVD) surface treatment solutions in worldwide.


Snowflake Analysis

Excellent balance sheet with limited growth.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: 1IC's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

1.0%

1IC

0.2%

DE Machinery

-0.6%

DE Market


1 Year Return

8.5%

1IC

-32.4%

DE Machinery

-20.9%

DE Market

Return vs Industry: 1IC exceeded the German Machinery industry which returned -32.4% over the past year.

Return vs Market: 1IC exceeded the German Market which returned -20.9% over the past year.


Shareholder returns

1ICIndustryMarket
7 Day1.0%0.2%-0.6%
30 Day-28.3%-17.4%-18.6%
90 Day-39.1%-30.0%-26.2%
1 Year8.5%8.5%-30.3%-32.4%-18.6%-20.9%
3 Year-61.5%-63.4%-42.4%-46.4%-19.0%-25.8%
5 Year-21.6%-25.5%-30.9%-38.6%-21.2%-31.8%

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 compared to its fair value and its price relative to the market?

4.19x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate 1IC's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate 1IC's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: 1IC is unprofitable, so we can't compare its PE Ratio to the Machinery industry average.

PE vs Market: 1IC is unprofitable, so we can't compare its PE Ratio to the German market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 1IC's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 1IC is overvalued based on its PB Ratio (4.2x) compared to the DE Machinery industry average (1.1x).


Next Steps

Future Growth

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

25.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 1IC is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: 1IC is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: 1IC is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: 1IC's revenue (22.9% per year) is forecast to grow faster than the German market (3.9% per year).

High Growth Revenue: 1IC's revenue (22.9% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 1IC is forecast to be unprofitable in 3 years.


Next Steps

Past Performance

How has Impact Coatings performed over the past 5 years?

-23.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 1IC is currently unprofitable.

Growing Profit Margin: 1IC is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: 1IC is unprofitable, and losses have increased over the past 5 years at a rate of -23.1% per year.

Accelerating Growth: Unable to compare 1IC's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 1IC is unprofitable, making it difficult to compare its past year earnings growth to the Machinery industry (-19.9%).


Return on Equity

High ROE: 1IC has a negative Return on Equity (-25.87%), as it is currently unprofitable.


Next Steps

Financial Health

How is Impact Coatings's financial position?


Financial Position Analysis

Short Term Liabilities: 1IC's short term assets (SEK93.6M) exceed its short term liabilities (SEK12.2M).

Long Term Liabilities: 1IC's short term assets (SEK93.6M) do not cover its long term liabilities (SEK-1,000.0).


Debt to Equity History and Analysis

Debt Level: 1IC is debt free.

Reducing Debt: 1IC had no debt 5 years ago.


Balance Sheet

Inventory Level: 1IC has a high level of physical assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if 1IC's debt is 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.

Stable Cash Runway: 1IC has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: 1IC has sufficient cash runway for more than 3 years if free cash flow continues to reduce at historical rates of -19.5% each year


Next Steps

Dividend

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


Dividend Yield vs Market

Notable Dividend: Unable to evaluate 1IC's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate 1IC's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if 1IC's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 1IC'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 1IC's dividend in 3 years as they are not forecast to pay a notable one for the German market.


Next Steps

Management

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

1.9yrs

Average management tenure


CEO

Torbjörn Sandberg (53yo)

1.92s

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

Compensation vs Market: Torbjörn's total compensation ($USD86.16K) is below average for companies of similar size in the German market ($USD428.66K).

Compensation vs Earnings: Insufficient data to compare Torbjörn's compensation with company performance.


Leadership Team

NamePositionTenureCompensationOwnership
Torbjörn Sandberg
Chief Executive Officer1.92yrskr877.00kno data
Marie Teikmans
Chief Financial Officer1.08yrsno datano data
Henrik Åkeson
Vice President of Operations2.25yrsno datano data
Torbjörn Joelsson
Chief Technology Officerno datano datano data
Peter Högfeldt
Vice President of Business Management & Marketing2.42yrsno datano data
Will Wright
Vice President of Sales - Asia-Pacific1yrno datano data

1.9yrs

Average Tenure

Experienced Management: 1IC's management team is not considered experienced ( 1.9 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Jan-Eric Sundgren
Director5.25yrskr147.00k0.048% SEK18.8k
Christian Sahlén
Director4.25yrskr147.00kno data
Mark Shay
Chairman of the Board2.25yrskr188.00kno data
Tanja Vainio
Director2.25yrskr122.00kno data
Lars-Gunnar Skötte
Director2.25yrskr122.00kno data
Sukhwan Yun
Director0.42yrno datano data

2.3yrs

Average Tenure

54yo

Average Age

Experienced Board: 1IC's board of directors are not considered experienced ( 2.3 years average tenure), which suggests a new board.


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.


Ownership Breakdown

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


Top Shareholders

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: kr426.907m
  • Listing Market Cap: kr38.875m
  • Shares outstanding: 51.81m
  • Website: https://www.impactcoatings.com

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) develops and commercializes physical vapor deposition (PVD) surface treatment solutions in worldwide. The company offers InlineCoater PVD equipment for fuel cell metal bipolar plates, automotive lighting reflectors, metallization on plastic and metal, and decorative coatings. It also offers MaxPhase contact coatings comprising Ceramic MaxPhase connector coatings for metal bipolar plates in fuel cells; reflector coatings for automotive industry; PVD metallization of plastic products for automotive and other industries, reflectors, mirrors, and electrical components; decorative PVD coatings; Silver MaxPhase PVD contact coatings for the connector industry; and Ultra MaxPhase PVD contact coatings for extreme wear, corrosion, and heat conditions. In addition, the company provides maintenance and support services. Impact Coatings AB (publ) was founded in 1997 and is based in Linköping, Sweden. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/04/05 21:36
End of Day Share Price2020/04/03 00:00
Earnings2019/12/31
Annual Earnings2019/12/31


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.