ENXTPA:NK

Stock Analysis Report

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Executive Summary

Imerys S.A. provides mineral-based specialties various industries worldwide. More Details


Snowflake Analysis

Established dividend payer with moderate growth potential.


Similar Companies

Share Price & News

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


Latest Share Price and Events

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


Market Performance


7 Day Return

-3.5%

NK

-2.1%

FR Basic Materials

-0.8%

FR Market


1 Year Return

-21.4%

NK

-8.9%

FR Basic Materials

-6.6%

FR Market

Return vs Industry: NK underperformed the French Basic Materials industry which returned -7% over the past year.

Return vs Market: NK underperformed the French Market which returned -6.2% over the past year.


Shareholder returns

NKIndustryMarket
7 Day-3.5%-2.1%-0.8%
30 Day-11.9%0.2%0.3%
90 Day-9.0%-1.6%-1.4%
1 Year-16.2%-21.4%-5.9%-8.9%-4.5%-6.6%
3 Year-56.3%-62.2%-12.9%-20.7%6.8%-2.5%
5 Year-41.4%-51.9%8.0%-6.9%32.1%12.5%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

28.56x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: NK (€29.5) is trading above our estimate of fair value (€28.71)

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


Price To Earnings Ratio

PE vs Industry: NK is poor value based on its PE Ratio (28.6x) compared to the XE Basic Materials industry average (13.1x).

PE vs Market: NK is poor value based on its PE Ratio (28.6x) compared to the French market (18.3x).


Price to Earnings Growth Ratio

PEG Ratio: NK is good value based on its PEG Ratio (1x)


Price to Book Ratio

PB vs Industry: NK is good value based on its PB Ratio (0.8x) compared to the XE Basic Materials industry average (1.1x).


Next Steps

Future Growth

How is Imerys forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

28.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: NK's forecast earnings growth (28.7% per year) is above the savings rate (0.6%).

Earnings vs Market: NK's earnings (28.7% per year) are forecast to grow faster than the French market (24.6% per year).

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

Revenue vs Market: NK's revenue (4.7% per year) is forecast to grow slower than the French market (6.7% per year).

High Growth Revenue: NK's revenue (4.7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: NK's Return on Equity is forecast to be low in 3 years time (7.5%).


Next Steps

Past Performance

How has Imerys performed over the past 5 years?

-27.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: NK has a large one-off loss of €142.0M impacting its June 30 2020 financial results.

Growing Profit Margin: NK became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: NK's earnings have declined by 27.9% per year over the past 5 years.

Accelerating Growth: NK has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: NK has become profitable in the last year, making it difficult to compare its past year earnings growth to the Basic Materials industry (-7.8%).


Return on Equity

High ROE: NK's Return on Equity (2.6%) is considered low.


Next Steps

Financial Health

How is Imerys's financial position?


Financial Position Analysis

Short Term Liabilities: NK's short term assets (€2.6B) exceed its short term liabilities (€1.8B).

Long Term Liabilities: NK's short term assets (€2.6B) do not cover its long term liabilities (€2.8B).


Debt to Equity History and Analysis

Debt Level: NK's debt to equity ratio (82.6%) is considered high.

Reducing Debt: NK's debt to equity ratio has increased from 66.1% to 82.6% over the past 5 years.

Debt Coverage: NK's debt is well covered by operating cash flow (24.1%).

Interest Coverage: NK's interest payments on its debt are well covered by EBIT (4.7x coverage).


Balance Sheet


Next Steps

Dividend

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

7.29%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: NK's dividend (7.29%) is higher than the bottom 25% of dividend payers in the French market (1.5%).

High Dividend: NK's dividend (7.29%) is in the top 25% of dividend payers in the French market (5.18%)


Stability and Growth of Payments

Stable Dividend: NK's dividends per share have been stable in the past 10 years.

Growing Dividend: NK's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (208.1%), NK's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: NK's dividends in 3 years are forecast to be covered by earnings (60.7% payout ratio).


Next Steps

Management

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

1.9yrs

Average management tenure


CEO

Alessandro Dazza (49 yo)

0.67

Tenure

Mr. Alessandro Dazza served as Chief Executive Officer of Flexible Packaging and Engineered Materials at Mondi plc since 2019 until 2020. He served as Chief Executive Officer of Fibre Packaging/Converting ...


Leadership Team

NamePositionTenureCompensationOwnership
Alessandro Dazza
Chief Executive Officer0.67yrno datano data
Sébastien Rouge
Chief Financial Officer0.17yrno datano data
Vincent Gouley
Head of Financial Communication6yrsno datano data
Frédérique Berthier-Raymond
Group General Counsel & Secretary of the Board1.92yrsno datano data
Vincent Lecerf
Chief Human Resources Officer3.75yrsno datano data
Olivier Pirotte
Chief Strategy and M&A Officer0.17yrno datano data
Jean-François Claver
Chief Industrial Officer4yrsno datano data
Philippe Bourg
Senior Vice President of Refractory Abrasives & Construction1.92yrsno datano data
Michel Cornelissen
Senior Vice President of High Temperature Solutions1.92yrsno datano data
Guillaume Delacroix
Senior Vice President of Performance Minerals EMEA1.92yrsno datano data
Cyril Giraud
Senior Vice President of Performance Minerals APAC1.92yrsno datano data
Jim Murberger
Senior Vice President of Performance Minerals Americas1.92yrsno datano data

1.9yrs

Average Tenure

53.5yo

Average Age

Experienced Management: NK's management team is not considered experienced ( 1.9 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Aldo Cardoso
Independent Director15.42yrs€146.33k0.0020%
€ 49.6k
Patrick Kron
Independent Chairman of the Board1.33yrs€125.00k0.00071%
€ 17.7k
Ian Gallienne
Director10.5yrs€113.00k0.00071%
€ 17.7k
Colin Hall
Director4.83yrs€116.33k0.00071%
€ 17.7k
Ulysses Paris Kyriacopoulos
Director5.5yrs€66.92k0.00071%
€ 17.7k
Marie-Françoise Walbaum
Independent Director7.5yrs€92.00k0.00071%
€ 17.7k
Lucile Ribot
Independent Director2.42yrs€70.00k0.00071%
€ 17.7k
Paul Desmarais
Vice Chairman4.42yrs€108.67k0.00071%
€ 17.7k
Laurent Raets
Non-voting Observer2.42yrs€46.67k0.00071%
€ 17.7k
Annette Messemer
Independent Director0.42yrno datano data
Éliane Augelet-Petit
Employee Representative Director6yrs€57.00k0.000010%
€ 249.2
Enrico d'Ortona
Employee Representative Director6yrs€30.00kno data

5.2yrs

Average Tenure

56.5yo

Average Age

Experienced Board: NK's board of directors are considered experienced (5.2 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 been diluted in the past year, with total shares outstanding growing by 6.6%.


Top Shareholders

Company Information

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


Key Information

  • Name: Imerys S.A.
  • Ticker: NK
  • Exchange: ENXTPA
  • Founded: 1880
  • Industry: Construction Materials
  • Sector: Materials
  • Market Cap: €2.492b
  • Shares outstanding: 84.47m
  • Website: https://www.imerys.com

Number of Employees


Location

  • Imerys S.A.
  • 43 Quai de Grenelle
  • Paris
  • Ile-de-France
  • 75015
  • France

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
IMYS.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDJan 1980
NKENXTPA (Euronext Paris)YesOrdinary SharesFREURJan 1980
IY4DB (Deutsche Boerse AG)YesOrdinary SharesDEEURJan 1980
0NPXLSE (London Stock Exchange)YesOrdinary SharesGBEURJan 1980
NKPBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBEURJan 1980
IY4ETLX (Eurotlx)YesOrdinary SharesITEURJan 1980

Biography

Imerys S.A. provides mineral-based specialties various industries worldwide. The company operates through Energy Solutions & Specialties, Filtration & Performance Additives, Ceramic Materials, and High Res ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/19 22:00
End of Day Share Price2020/10/19 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.