Executive Summary
Iberpapel Gestión, S.A., together with its subsidiaries, manufactures, sells, and exports writing and printing paper in Spain, rest of European Union, Africa, South America, and internationally.
Rewards
Risk Analysis
Snowflake Analysis
Undervalued with adequate balance sheet and pays a dividend.
Share Price & News
How has Iberpapel Gestión's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: IBG's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
0.6%
IBG
2.8%
ES Forestry
1.1%
ES Market
1 Year Return
-35.8%
IBG
7.1%
ES Forestry
-18.8%
ES Market
Return vs Industry: IBG underperformed the Spanish Forestry industry which returned 7.2% over the past year.
Return vs Market: IBG underperformed the Spanish Market which returned -18.8% over the past year.
Shareholder returns
| IBG | Industry | Market | |
|---|---|---|---|
| 7 Day | 0.6% | 2.8% | 1.1% |
| 30 Day | -5.3% | -0.3% | -3.2% |
| 90 Day | -18.9% | 0.08% | 2.4% |
| 1 Year | -34.6%-35.8% | 10.0%7.1% | -16.2%-18.8% |
| 3 Year | -29.8%-33.2% | 9.9%-1.3% | -22.0%-29.2% |
| 5 Year | 27.0%15.4% | 58.2%-3.2% | -19.5%-32.4% |
Price Volatility Vs. Market
How volatile is Iberpapel Gestión's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
Read This Before Buying Iberpapel Gestión, S.A. (BME:IBG) For Its Dividend1 month ago | Simply Wall St
Does Iberpapel Gestión (BME:IBG) Have A Healthy Balance Sheet?1 month ago | Simply Wall St
Is There Now An Opportunity In Iberpapel Gestión, S.A. (BME:IBG)?Valuation
Is Iberpapel Gestión 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: IBG (€17.85) is trading below our estimate of fair value (€42.25)
Significantly Below Fair Value: IBG is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: IBG is poor value based on its PE Ratio (13x) compared to the XE Forestry industry average (12.8x).
PE vs Market: IBG is good value based on its PE Ratio (13x) compared to the Spanish market (17.4x).
Price to Earnings Growth Ratio
PEG Ratio: IBG is good value based on its PEG Ratio (0.7x)
Price to Book Ratio
PB vs Industry: IBG is good value based on its PB Ratio (0.7x) compared to the XE Forestry industry average (1x).
Next Steps
Future Growth
How is Iberpapel Gestión forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
19.5%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: IBG's forecast earnings growth (19.5% per year) is above the savings rate (1.3%).
Earnings vs Market: IBG's earnings (19.5% per year) are forecast to grow slower than the Spanish market (30.4% per year).
High Growth Earnings: IBG's earnings are forecast to grow, but not significantly.
Revenue vs Market: IBG's revenue (3.6% per year) is forecast to grow slower than the Spanish market (5.9% per year).
High Growth Revenue: IBG's revenue (3.6% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: IBG's Return on Equity is forecast to be low in 3 years time (5.3%).
Next Steps
Past Performance
How has Iberpapel Gestión performed over the past 5 years?
7.4%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: IBG has a high level of non-cash earnings.
Growing Profit Margin: IBG's current net profit margins (8.1%) are lower than last year (11.3%).
Past Earnings Growth Analysis
Earnings Trend: IBG's earnings have grown by 7.4% per year over the past 5 years.
Accelerating Growth: IBG's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: IBG had negative earnings growth (-42%) over the past year, making it difficult to compare to the Forestry industry average (-12.4%).
Return on Equity
High ROE: IBG's Return on Equity (5.6%) is considered low.
Next Steps
Financial Health
How is Iberpapel Gestión's financial position?
Financial Position Analysis
Short Term Liabilities: IBG's short term assets (€222.4M) exceed its short term liabilities (€42.9M).
Long Term Liabilities: IBG's short term assets (€222.4M) exceed its long term liabilities (€95.6M).
Debt to Equity History and Analysis
Debt Level: IBG's debt to equity ratio (37.1%) is considered satisfactory.
Reducing Debt: IBG's debt to equity ratio has increased from 1.2% to 37.1% over the past 5 years.
Debt Coverage: IBG's debt is not well covered by operating cash flow (19.2%).
Interest Coverage: IBG's interest payments on its debt are well covered by EBIT (22.2x coverage).
Balance Sheet
Next Steps
Dividend
What is Iberpapel Gestión current dividend yield, its reliability and sustainability?
3.08%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: IBG's dividend (3.08%) is higher than the bottom 25% of dividend payers in the Spanish market (2.5%).
High Dividend: IBG's dividend (3.08%) is low compared to the top 25% of dividend payers in the Spanish market (6.53%).
Stability and Growth of Payments
Stable Dividend: IBG's dividend payments have been volatile in the past 10 years.
Growing Dividend: IBG's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (10.9%), IBG's dividend payments are thoroughly covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: IBG's dividends in 3 years are forecast to be well covered by earnings (28.3% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
10.2yrs
Average board tenure
CEO
Fermín Urtasun Erro
no data
Tenure
Mr. Fermín Urtasun Erro serves as the Chief Executive Officer of Iberpapel Gestion SA. Mr. Erro served as an Assistant Chief Executive Officer of Iberpapel Gestion SA.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 10.67yrs | €418.00k | 1.73% € 3.4m | |
| Independent External Director | 15.17yrs | €74.00k | 0.0038% € 7.3k | |
| Non-Executive Independent Director | 6.25yrs | €73.00k | 0.010% € 19.7k | |
| Independent Vice Chairman | no data | €74.00k | 1.4% € 2.7m | |
| Non-Executive Director | 22.83yrs | €68.00k | 0.24% € 473.0k | |
| Non-Executive Independent Director | 10.17yrs | €81.00k | 0.010% € 19.7k | |
| Non-Executive Independent Director | 10.17yrs | €68.00k | 0.020% € 39.4k | |
| Non-Executive Independent Director | 8.17yrs | €81.00k | 0.15% € 295.6k | |
| Independent Non-Executive Director | 0.17yr | no data | no data |
10.2yrs
Average Tenure
Experienced Board: IBG's board of directors are seasoned and experienced ( 10.2 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
Iberpapel Gestión, S.A.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Iberpapel Gestión, S.A.
- Ticker: IBG
- Exchange: BME
- Founded: 1935
- Industry: Paper Products
- Sector: Materials
- Market Cap: €194.867m
- Shares outstanding: 10.92m
- Website: https://www.iberpapel.es
Number of Employees
Location
- Iberpapel Gestión, S.A.
- Avenida de Sancho El Sabio, 2 - 1º
- San Sebastian
- Basque Country
- 20010
- Spain
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| IBG | BME (Bolsas y Mercados Espanoles) | Yes | Ordinary Shares | ES | EUR | Dec 1997 |
| IBG | BST (Boerse-Stuttgart) | Yes | Ordinary Shares | DE | EUR | Dec 1997 |
| 0ERM | LSE (London Stock Exchange) | Yes | Ordinary Shares | GB | EUR | Dec 1997 |
| IBGE | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Ordinary Shares | GB | EUR | Dec 1997 |
Biography
Iberpapel Gestión, S.A., together with its subsidiaries, manufactures, sells, and exports writing and printing paper in Spain, rest of European Union, Africa, South America, and internationally. The compan ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/08/08 21:58 |
| End of Day Share Price | 2020/08/07 00:00 |
| Earnings | 2020/06/30 |
| Annual Earnings | 2019/12/31 |
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.