DB:IMB

Stock Analysis Report

NOT FOR DISTRIBUTION
Header cover image

Impress Holdings

Executive Summary

Impress Holdings, Inc. engages in the publishing and IT businesses in Japan.


Snowflake Analysis

Flawless balance sheet and undervalued.

Share Price & News

How has Impress Holdings's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: IMB has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-5.7%

IMB

0.7%

DE Media

2.8%

DE Market


1 Year Return

1.9%

IMB

-22.1%

DE Media

0.3%

DE Market

Return vs Industry: IMB exceeded the German Media industry which returned -22.1% over the past year.

Return vs Market: IMB exceeded the German Market which returned 0.3% over the past year.


Shareholder returns

IMBIndustryMarket
7 Day-5.7%0.7%2.8%
30 Day-3.3%-9.8%0.5%
90 Day16.0%13.5%27.7%
1 Year3.9%1.9%-21.8%-22.1%2.3%0.3%
3 Year15.3%9.4%-33.6%-40.1%3.5%-4.9%
5 Year-10.5%-16.0%-38.7%-50.0%11.4%-3.4%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

Is Impress Holdings undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: IMB (€1.16) is trading below our estimate of fair value (€40.71)

Significantly Below Fair Value: IMB is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: IMB is good value based on its PE Ratio (12.6x) compared to the Media industry average (21.6x).

PE vs Market: IMB is good value based on its PE Ratio (12.6x) compared to the German market (20.5x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: IMB is good value based on its PB Ratio (0.6x) compared to the DE Media industry average (2x).


Next Steps

Future Growth

How is Impress Holdings forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

27.1%

Forecasted Media industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Impress Holdings has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Impress Holdings performed over the past 5 years?

56.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: IMB has high quality earnings.

Growing Profit Margin: IMB's current net profit margins (2.8%) are lower than last year (3.7%).


Past Earnings Growth Analysis

Earnings Trend: IMB has become profitable over the past 5 years, growing earnings by 56.3% per year.

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

Earnings vs Industry: IMB had negative earnings growth (-20.8%) over the past year, making it difficult to compare to the Media industry average (-2.2%).


Return on Equity

High ROE: IMB's Return on Equity (4.7%) is considered low.


Next Steps

Financial Health

How is Impress Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: IMB's short term assets (¥11.2B) exceed its short term liabilities (¥3.7B).

Long Term Liabilities: IMB's short term assets (¥11.2B) exceed its long term liabilities (¥1.5B).


Debt to Equity History and Analysis

Debt Level: IMB's debt to equity ratio (8.1%) is considered satisfactory.

Reducing Debt: IMB's debt to equity ratio has reduced from 17.3% to 8.1% over the past 5 years.

Debt Coverage: IMB's debt is well covered by operating cash flow (164.8%).

Interest Coverage: IMB's interest payments on its debt are well covered by EBIT (432x coverage).


Balance Sheet


Next Steps

Dividend

What is Impress Holdings's current dividend yield, its reliability and sustainability?

1.75%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: IMB's dividend (1.75%) is higher than the bottom 25% of dividend payers in the German market (1.26%).

High Dividend: IMB's dividend (1.75%) is low compared to the top 25% of dividend payers in the German market (3.83%).


Stability and Growth of Payments

Stable Dividend: IMB has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: IMB's dividend payments have increased, but the company has only paid a dividend for 8 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (26.5%), IMB's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

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

9.6yrs

Average board tenure


CEO

Natsuo Karashima (61yo)

4.08yrs

Tenure

Mr. Natsuo Karashima has been the Chief Executive Officer of Impress Holdings, Inc since June 2016 and serves as its President. Mr. Karashima has been Senior Managing Director of Tokyo FM Broadcasting Co., ...


Board Members

NamePositionTenureCompensationOwnership
Natsuo Karashima
CEO, President & Director4.08yrsno data0.73% ¥284.0k
Akihiro Yamate
CFO, Executive Officer & Director12.08yrsno data0.24% ¥95.5k
Kenichi Onishi
External Auditor18.92yrsno data0.12% ¥46.1k
Akifumi Tamura
Independent External Directorno datano data0.036% ¥14.2k
Takashi Sasaki
Standing Corporate Auditor7.08yrsno datano data
Toru Shiraishi
Independent External Directorno datano datano data
Yuki Tsukamoto
Directorno datano datano data

9.6yrs

Average Tenure

61yo

Average Age

Experienced Board: IMB's board of directors are considered experienced (9.6 years average tenure).


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

Impress Holdings, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Impress Holdings, Inc.
  • Ticker: IMB
  • Exchange: DB
  • Founded: 1992
  • Industry: Publishing
  • Sector: Media
  • Market Cap: JP¥4.718b
  • Listing Market Cap: JP¥39.036m
  • Shares outstanding: 32.99m
  • Website: https://www.impressholdings.com

Number of Employees


Location

  • Impress Holdings, Inc.
  • Jimbocho Mitsui Building
  • 101-105, Jimbocho Kanda
  • Tokyo
  • 101-0051
  • Japan

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
9479TSE (The Tokyo Stock Exchange)YesCommon StockJPJPYOct 2000
IMBDB (Deutsche Boerse AG)YesCommon StockDEEUROct 2000

Biography

Impress Holdings, Inc. engages in the publishing and IT businesses in Japan. The company publishes magazines and specialized books; and provides music content services, as well as mountain and nature related information. It also engages in the electronic publishing activity. The company was founded in 1992 and is based in Tokyo, Japan. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/07/04 21:26
End of Day Share Price2020/07/03 00:00
Earnings2020/03/31
Annual Earnings2020/03/31


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.