IMCD N.V. sells, markets, and distributes specialty chemicals, and pharmaceutical and food ingredients in Europe, the Middle East, Africa, the Asia-Pacific, and the Americas.
Adequate balance sheet with proven track record.
Share Price & News
How has IMCD's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: INX has not had significant price volatility in the past 3 months.
7 Day Return
DE Trade Distributors
1 Year Return
DE Trade Distributors
Return vs Industry: INX exceeded the German Trade Distributors industry which returned -0.9% over the past year.
Return vs Market: INX exceeded the German Market which returned 6.1% over the past year.
Price Volatility Vs. Market
How volatile is IMCD's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is IMCD undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: INX (€78.25) is trading above our estimate of fair value (€67.5)
Significantly Below Fair Value: INX is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: INX is poor value based on its PE Ratio (36x) compared to the Trade Distributors industry average (14.4x).
PE vs Market: INX is poor value based on its PE Ratio (36x) compared to the German market (20.2x).
Price to Earnings Growth Ratio
PEG Ratio: INX is poor value based on its PEG Ratio (3x)
Price to Book Ratio
PB vs Industry: INX is overvalued based on its PB Ratio (4.9x) compared to the DE Trade Distributors industry average (1.2x).
How is IMCD forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: INX's forecast earnings growth (11.9% per year) is above the savings rate (-0.4%).
Earnings vs Market: INX's earnings (11.9% per year) are forecast to grow slower than the German market (13% per year).
High Growth Earnings: INX's earnings are forecast to grow, but not significantly.
Revenue vs Market: INX's revenue (5.9% per year) is forecast to grow faster than the German market (5.1% per year).
High Growth Revenue: INX's revenue (5.9% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: INX's Return on Equity is forecast to be low in 3 years time (16.6%).
How has IMCD performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: INX has high quality earnings.
Growing Profit Margin: INX's current net profit margins (4.2%) are higher than last year (4.1%).
Past Earnings Growth Analysis
Earnings Trend: INX has become profitable over the past 5 years, growing earnings by 28% per year.
Accelerating Growth: INX's earnings growth over the past year (25.4%) is below its 5-year average (28% per year).
Earnings vs Industry: INX earnings growth over the past year (25.4%) exceeded the Trade Distributors industry 20.1%.
Return on Equity
High ROE: INX's Return on Equity (13.6%) is considered low.
Return on Assets
Return on Capital Employed
How is IMCD's financial position?
Financial Position Analysis
Short Term Liabilities: INX's short term assets (€929.1M) exceed its short term liabilities (€641.1M).
Long Term Liabilities: INX's short term assets (€929.1M) exceed its long term liabilities (€638.8M).
Debt to Equity History and Analysis
Debt Level: INX's debt to equity ratio (98.1%) is considered high.
Reducing Debt: INX had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
Debt Coverage: INX's debt is not well covered by operating cash flow (17.4%).
Interest Coverage: INX's interest payments on its debt are well covered by EBIT (10.5x coverage).
Inventory Level: INX has a high level of physical assets or inventory.
Debt Coverage by Assets: INX's debt is covered by short term assets (assets are 1.2x debt).
What is IMCD's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: INX's dividend (1.05%) isn’t notable compared to the bottom 25% of dividend payers in the German market (1.43%).
High Dividend: INX's dividend (1.05%) is low compared to the top 25% of dividend payers in the German market (3.8%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, INX has been paying a dividend for less than 10 years.
Growing Dividend: INX's dividend payments have increased, but the company has only paid a dividend for 5 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (37.9%), INX's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: INX's dividends in 3 years are forecast to be well covered by earnings (31.2% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Piet Slikke (63yo)
Mr. Pieter C.J. van der Slikke, also known as Piet, has been Chief Executive Officer and Member of Management Board of IMCD N.V. since 1995. Mr. Slikke serves as the Chief Executive Officer at IMCD Group B ...
CEO Compensation Analysis
Compensation vs Market: Piet's total compensation ($USD1.63M) is below average for companies of similar size in the German market ($USD2.52M).
Compensation vs Earnings: Piet's compensation has been consistent with company performance over the past year.
|CEO & Member of Management Board||25.1yrs||€1.50m||1.93% €76.6m|
|CFO & Member of Management Board||24.1yrs||€1.15m||0.021% €816.9k|
|Director Advanced Materials & MD of France||2.1yrs||no data||no data|
Experienced Management: INX's management team is seasoned and experienced (24.1 years average tenure).
|Chairman of Supervisory Board||3.3yrs||no data||no data|
|Member of Supervisory Board||3.8yrs||no data||no data|
|Member of Supervisory Board||1.8yrs||no data||no data|
|Vice Chairman of Supervisory Board||5yrs||no data||no data|
|Member of Supervisory Board||3.8yrs||no data||no data|
Experienced Board: INX's board of directors are considered experienced (3.8 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.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
IMCD N.V.'s company bio, employee growth, exchange listings and data sources
- Name: IMCD N.V.
- Ticker: INX
- Exchange: DB
- Founded: 1995
- Industry: Trading Companies and Distributors
- Sector: Capital Goods
- Market Cap: €3.968b
- Shares outstanding: 52.45m
- Website: https://www.imcdgroup.com
Number of Employees
- IMCD N.V.
- Wilhelminaplein 32
- 3072 DE
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|IMCD||ENXTAM (Euronext Amsterdam)||Yes||Ordinary Shares||NL||EUR||Jun 2014|
|INX||DB (Deutsche Boerse AG)||Yes||Ordinary Shares||DE||EUR||Jun 2014|
|IMCDA||BATS-CHIXE (BATS 'Chi-X Europe')||Yes||Ordinary Shares||GB||EUR||Jun 2014|
|0QVU||LSE (London Stock Exchange)||Yes||Ordinary Shares||GB||EUR||Jun 2014|
|IMDZ.F||OTCPK (Pink Sheets LLC)||Yes||Ordinary Shares||US||USD||Jun 2014|
|IMCD.Y||OTCPK (Pink Sheets LLC)||ADR||US||USD||May 2016|
IMCD N.V. sells, markets, and distributes specialty chemicals, and pharmaceutical and food ingredients in Europe, the Middle East, Africa, the Asia-Pacific, and the Americas. The company offers detergent surfactants, builders, rheology modifiers, solubilizers, and functional additives; excipients, active pharmaceutical ingredients, specialty solvents, process chemicals, and intermediates for formulation and chemical synthesis; and personal care products, such as color cosmetics, dental products, deodorants, fragrances, hair and skin care chemicals, and toiletries. It also provides additives, fillers, pigments, resins, and specialty solvents to the coatings, paints, construction, adhesives, and inks industries; food ingredients and flavors, and nutrition products; automotive, fuel and refinery, and industrial lubricant additives; and synthesis products, including additives, catalysts, intermediates, monomers, processing aids, reactive diluents, solvents, and surface active agents. In addition, the company offers additives, functional fillers, pigments, polymers, compounds, and masterbatches; and other products. IMCD N.V. was founded in 1995 and is headquartered in Rotterdam, the Netherlands.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/26 22:54|
|End of Day Share Price||2020/02/26 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.