BME:IBG

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Iberpapel Gestión

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.


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

7.2%

ES Forestry

-18.8%

ES Market

Return vs Industry: IBG underperformed the Spanish Forestry industry which returned 6.3% over the past year.

Return vs Market: IBG underperformed the Spanish Market which returned -19.6% over the past year.


Shareholder returns

IBGIndustryMarket
7 Day0.6%2.8%1.1%
30 Day-7.8%-1.7%-4.3%
90 Day-18.9%0.07%2.4%
1 Year-34.6%-35.8%10.0%7.2%-16.2%-18.8%
3 Year-29.8%-33.2%9.9%-1.2%-22.0%-29.2%
5 Year27.0%15.4%58.3%-3.3%-19.4%-32.3%

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

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 (€39.8)

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 (17.6x).


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 (30.5% 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 (-0.4%).


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 (6.43%).


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

NamePositionTenureCompensationOwnership
Inigo Echevarria Canales
Chairman10.67yrs€418.00k1.73%
€ 3.4m
Martin Maria Gonzalez del Valle Chavarri
Independent External Director15.17yrs€74.00k0.0038%
€ 7.3k
Jesus Alberdi Areizaga
Non-Executive Independent Director6.25yrs€73.00k0.010%
€ 19.7k
Nestor Basterra Larroudé
Independent Vice Chairmanno data€74.00k1.4%
€ 2.7m
Inaki Usandizaga Aranzadi
Non-Executive Director22.83yrs€68.00k0.24%
€ 473.0k
Maria Luisa Guibert Ucin
Non-Executive Independent Director10.17yrs€81.00k0.010%
€ 19.7k
Gabriel Sansinenea Urbistondo
Non-Executive Independent Director10.17yrs€68.00k0.020%
€ 39.4k
Inaki Martinez Penalba
Non-Executive Independent Director8.17yrs€81.00k0.15%
€ 295.6k
Rosa María Sanz García
Independent Non-Executive Director0.17yrno datano 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
IBGBME (Bolsas y Mercados Espanoles)YesOrdinary SharesESEURDec 1997
IBGBST (Boerse-Stuttgart)YesOrdinary SharesDEEURDec 1997
0ERMLSE (London Stock Exchange)YesOrdinary SharesGBEURDec 1997
IBGEBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBEURDec 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/08/07 22:02
End of Day Share Price2020/08/07 00:00
Earnings2020/06/30
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.