BME:INC

Stock Analysis Report

Executive Summary

Inclam, S.A. engages in the water engineering and environment business in Spain and internationally.

Snowflake

Fundamentals

Solid track record with mediocre balance sheet.

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

0%

INC

-0.9%

ES Commercial Services

1.6%

ES Market


1 Year Return

-13.3%

INC

-26.2%

ES Commercial Services

4.0%

ES Market

Return vs Industry: INC exceeded the Spanish Commercial Services industry which returned -26.2% over the past year.

Return vs Market: INC underperformed the Spanish Market which returned 4% over the past year.


Shareholder returns

INCIndustryMarket
7 Day0%-0.9%1.6%
30 Day0%-5.2%0.7%
90 Day0%-26.7%-2.1%
1 Year-13.3%-13.3%-24.0%-26.2%7.6%4.0%
3 Year-13.9%-14.1%6.9%-3.0%17.1%6.2%
5 Yearn/a30.8%10.5%12.5%-8.6%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Undervalued: INC (€1.7) is trading below our estimate of fair value (€9.65)

Significantly Undervalued: INC is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: INC is poor value based on its PE Ratio (25.9x) compared to the Commercial Services industry average (16.2x).

PE vs Market: INC is poor value based on its PE Ratio (25.9x) compared to the Spanish market (16.6x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: INC is overvalued based on its PB Ratio (5x) compared to the ES Commercial Services industry average (2x).


Next Steps

Future Growth

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

-0.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: INC's earnings are forecast to decline over the next 3 years (-0.2% per year).

Earnings vs Market: INC's earnings are forecast to decline over the next 3 years (-0.2% per year).

High Growth Earnings: INC's earnings are forecast to decline over the next 3 years.

Revenue vs Market: Insufficient data to determine if INC's revenue is forecast to grow faster than the Spanish market.

High Growth Revenue: Insufficient data to determine if INC's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: Insufficient data to determine if INC's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Inclam performed over the past 5 years?

12.2%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: INC's earnings have grown by 12.2% per year over the past 5 years.

Accelerating Growth: INC's earnings growth over the past year (31.5%) exceeds its 5-year average (12.2% per year).

Earnings vs Industry: INC earnings growth over the past year (31.5%) exceeded the Commercial Services industry 7.2%.


Return on Equity

High ROE: INC's Return on Equity (15.4%) is considered low.


Return on Assets

ROA vs Industry: INC has a higher Return on Assets than the Commercial Services industry average last year.


Return on Capital Employed

ROCE Improving: INC has significantly improved its Return on Capital Employed over the past 3 years.


Next Steps

Financial Health

How is Inclam's financial position?


Financial Position Analysis

Short Term Liabilities: INC's short term assets (€41.9M) exceeds its short term liabilities (€38.9M)

Long Term Liabilities: INC's short term assets (41.9M) exceeds its long term liabilities (3.6M)


Debt to Equity History and Analysis

Debt Level: INC's debt to equity ratio (140.7%) is considered high

Reducing Debt: INC's debt to equity ratio has increased from 138.5% to 140.7% over the past 5 years.

Debt Coverage: INC's debt is well covered by operating cash flow (28.6%).

Interest Coverage: INC's interest payments on its debt are not well covered by EBIT (2.2x coverage).


Balance Sheet

Inventory Level: INC has a low level of unsold assets or inventory.

Debt Coverage by Assets: INC's debt is covered by short term assets (assets are 2.808360x debt).


Next Steps

Dividend

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


Dividend Yield vs Market

companyn/amarketbottom25%2.2%markettop25%5.7%industryaverage3.1%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

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

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

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

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


Next Steps

Management

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


CEO

Inclam has no CEO, or we have no data on them.


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown


Management Team

  • Alfonso Andrés Picazo

    Executive President of the Board of Directors

    • Tenure: 0yrs
  • Eva De Andrés Picazo

    Executive Vice President of the Board

    • Tenure: 0yrs
  • Elio Vicuña Arámbarri

    Executive Director

    • Tenure: 0yrs
  • Javier Condomines Concellón

    Secretary

    • Tenure: 0yrs

Board Members

  • Alfonso Andrés Picazo

    Executive President of the Board of Directors

    • Tenure: 0yrs
  • Eva De Andrés Picazo

    Executive Vice President of the Board

    • Tenure: 0yrs
  • Elio Vicuña Arámbarri

    Executive Director

    • Tenure: 0yrs
  • Francisco Javier Carreras Barba

    Independent Director

    • Tenure: 0yrs

Company Information

Inclam, S.A.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Inclam, S.A.
  • Ticker: INC
  • Exchange: BME
  • Founded: 1986
  • Industry: Environmental and Facilities Services
  • Sector: Commercial Services
  • Market Cap: €49.718m
  • Shares outstanding: 29.25m
  • Website: https://www.inclam.com

Number of Employees


Location

  • Inclam, S.A.
  • Samaria, 4
  • Madrid
  • Madrid
  • 28009
  • Spain

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
INCBME (Bolsas y Mercados Espanoles)YesShare CapitalESEURJul 2015

Biography

Inclam, S.A. engages in the water engineering and environment business in Spain and internationally. The company undertakes water engineering works, including hydrology and hydraulics, planning and studies ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/14 21:25
End of Day Share Price2019/10/14 00:00
Earnings2018/12/31
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.