XTRA:IBU

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IBU-tec advanced materials

Executive Summary

IBU-tec advanced materials AG provides consulting, materials development, processing, and tolling services in the area of thermal processing for the chemical industry worldwide.


Snowflake Analysis

Reasonable growth potential with mediocre balance sheet.

Share Price & News

How has IBU-tec advanced materials's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

-1.7%

IBU

7.4%

DE Chemicals

4.4%

DE Market


1 Year Return

-24.3%

IBU

-6.1%

DE Chemicals

4.4%

DE Market

Return vs Industry: IBU underperformed the German Chemicals industry which returned -13% over the past year.

Return vs Market: IBU underperformed the German Market which returned -0.2% over the past year.


Shareholder returns

IBUIndustryMarket
7 Day-1.7%7.4%4.4%
30 Day-8.0%15.3%12.1%
90 Day-3.4%7.0%5.4%
1 Year-24.3%-24.3%-5.7%-6.1%6.1%4.4%
3 Year-35.7%-37.0%-22.8%-28.3%-0.6%-8.2%
5 Yearn/a-14.7%-26.0%10.4%-3.8%

Price Volatility Vs. Market

How volatile is IBU-tec advanced materials's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is IBU-tec advanced materials undervalued compared to its fair value and its price relative to the market?

53.08x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: IBU (€11.5) is trading above our estimate of fair value (€8.73)

Significantly Below Fair Value: IBU is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: IBU is poor value based on its PE Ratio (53.1x) compared to the Chemicals industry average (17.6x).

PE vs Market: IBU is poor value based on its PE Ratio (53.1x) compared to the German market (19.3x).


Price to Earnings Growth Ratio

PEG Ratio: IBU is good value based on its PEG Ratio (0.9x)


Price to Book Ratio

PB vs Industry: IBU is overvalued based on its PB Ratio (1.4x) compared to the DE Chemicals industry average (1.4x).


Next Steps

Future Growth

How is IBU-tec advanced materials forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

59.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: IBU's forecast earnings growth (59.5% per year) is above the savings rate (0.2%).

Earnings vs Market: IBU's earnings (59.5% per year) are forecast to grow faster than the German market (21.6% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: IBU's revenue (9.3% per year) is forecast to grow faster than the German market (5.8% per year).

High Growth Revenue: IBU's revenue (9.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: IBU's Return on Equity is forecast to be low in 3 years time (3.9%).


Next Steps

Past Performance

How has IBU-tec advanced materials performed over the past 5 years?

-23.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: IBU has a large one-off gain of €752.0K impacting its December 31 2019 financial results.

Growing Profit Margin: IBU's current net profit margins (1.8%) are lower than last year (5.7%).


Past Earnings Growth Analysis

Earnings Trend: IBU's earnings have declined by -23.4% per year over the past 5 years.

Accelerating Growth: IBU's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: IBU had negative earnings growth (-53.7%) over the past year, making it difficult to compare to the Chemicals industry average (-16.7%).


Return on Equity

High ROE: IBU's Return on Equity (2.7%) is considered low.


Next Steps

Financial Health

How is IBU-tec advanced materials's financial position?


Financial Position Analysis

Short Term Liabilities: IBU's short term assets (€16.8M) exceed its short term liabilities (€9.5M).

Long Term Liabilities: IBU's short term assets (€16.8M) exceed its long term liabilities (€14.3M).


Debt to Equity History and Analysis

Debt Level: IBU's debt to equity ratio (47.9%) is considered high.

Reducing Debt: IBU's debt to equity ratio has increased from 35.5% to 47.9% over the past 5 years.

Debt Coverage: IBU's debt is well covered by operating cash flow (27.7%).

Interest Coverage: IBU's interest payments on its debt are not well covered by EBIT (2.9x coverage).


Balance Sheet


Next Steps

Dividend

What is IBU-tec advanced materials's current dividend yield, its reliability and sustainability?

1.30%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: IBU's dividend (1.3%) is higher than the bottom 25% of dividend payers in the German market (1.28%).

High Dividend: IBU's dividend (1.3%) is low compared to the top 25% of dividend payers in the German market (3.94%).


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, IBU has been paying a dividend for less than 10 years.

Growing Dividend: IBU's dividend payments have increased, but the company has only paid a dividend for 2 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (69.2%), IBU's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: IBU's dividends in 3 years are forecast to be well covered by earnings (45.9% payout ratio).


Next Steps

Management

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

0.9yrs

Average management tenure


CEO

Ulrich Weitz (60yo)

20.42yrs

Tenure

Mr. Ulrich Weitz has been the Owner and Chief Executive Officer at IBU-tec advanced materials AG since 2000 and serves as its Chairman of the Management Board. After completing his studies, Mr. Weitz worke ...


Leadership Team

NamePositionTenureCompensationOwnership
Ulrich Weitz
Owner, CEO & Chairman of the Management Board20.42yrsno data39.69% 18.3m
Jörg Leinenbach
CFO & Member of the Management Boardno datano datano data
Arndt Schlosser
Chief Sales Officer & Member of Management Board0.083yrno datano data
Toralf Rensch
Head of Sales & Technology0.92yrno datano data
Max Narr
Head of IR & General Counsel0.92yrno datano data
Robert Süße
Head of Business Development & Salesno datano datano data
Thomas Wocadlo
Head of Engineering & Facilities Managementno datano datano data
Robert Sweet
Group Senior Vice President of Business Development0.92yrno datano data

0.9yrs

Average Tenure

Experienced Management: IBU's management team is not considered experienced ( 0.9 years average tenure), which suggests a new team.


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

IBU-tec advanced materials AG's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: IBU-tec advanced materials AG
  • Ticker: IBU
  • Exchange: XTRA
  • Founded: 1885
  • Industry: Commodity Chemicals
  • Sector: Materials
  • Market Cap: €46.000m
  • Shares outstanding: 4.00m
  • Website: https://www.ibu-tec.de

Number of Employees


Location

  • IBU-tec advanced materials AG
  • Hainweg 9-11
  • Weimar
  • Thuringia
  • 99425
  • Germany

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
IBUDB (Deutsche Boerse AG)YesOrdinary Bearer SharesDEEURMar 2017
IBUXTRA (XETRA Trading Platform)YesOrdinary Bearer SharesDEEURMar 2017

Biography

IBU-tec advanced materials AG provides consulting, materials development, processing, and tolling services in the area of thermal processing for the chemical industry worldwide. It also offers contract manufacturing services. The company was founded in 1885 and is headquartered in Weimar, Germany. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/06/05 00:39
End of Day Share Price2020/06/04 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.