Executive Summary
Imerys S.A. provides mineral-based specialties various industries worldwide.
Snowflake
Fundamentals
Established dividend payer and slightly overvalued.
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
Market Performance
7 Day Return
0.8%
NK
1.4%
FR Basic Materials
-0.4%
FR Market
1 Year Return
-35.5%
NK
13.0%
FR Basic Materials
9.5%
FR Market
Return vs Industry: NK underperformed the French Basic Materials industry which returned 13% over the past year.
Return vs Market: NK underperformed the French Market which returned 9.5% over the past year.
Shareholder returns
| NK | Industry | Market | |
|---|---|---|---|
| 7 Day | 0.8% | 1.4% | -0.4% |
| 30 Day | -7.6% | -1.6% | -0.6% |
| 90 Day | -16.9% | 0.04% | 0.04% |
| 1 Year | -32.0%-35.5% | 16.5%13.0% | 13.3%9.5% |
| 3 Year | -40.9%-46.8% | 2.0%-6.3% | 42.5%28.7% |
| 5 Year | -24.5%-35.6% | 28.7%12.3% | 71.0%45.0% |
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
1 week ago | Simply Wall St
Imerys (EPA:NK) Takes On Some Risk With Its Use Of Debt1 month ago | Simply Wall St
Consider This Before Buying Imerys S.A. (EPA:NK) For The 5.5% Dividend1 month ago | Simply Wall St
How Does Imerys S.A. (EPA:NK) Affect Your Portfolio Volatility?Valuation
Is Imerys undervalued compared to its fair value and its price relative to the market?
31.0%
Undervalued compared to fair value
Share Price vs. Fair Value
Undervalued: NK (€35.8) is trading below our estimate of fair value (€51.86)
Significantly Undervalued: NK is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: NK is unprofitable, so we can't compare its PE Ratio to the Basic Materials industry average.
PE vs Market: NK is unprofitable, so we can't compare its PE Ratio to the French market.
Price to Earnings Growth Ratio
Low PEG Ratio: Insufficient data to calculate NK's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: NK is good value based on its PB Ratio (0.9x) compared to the XE Basic Materials industry average (1x).
Next Steps
Future Growth
How is Imerys forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?
37.1%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: NK is forecast to remain unprofitable over the next 3 years.
Earnings vs Market: NK is forecast to remain unprofitable over the next 3 years.
High Growth Earnings: NK is forecast to remain unprofitable over the next 3 years.
Revenue vs Market: NK's revenue (1.5% per year) is forecast to grow slower than the French market (4.5% per year).
High Growth Revenue: NK's revenue (1.5% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
High Future ROE: NK's Return on Equity is forecast to be low in 3 years time (10.7%).
Next Steps
Past Performance
How has Imerys performed over the past 5 years?
-28.1%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Earnings Trend: NK is unprofitable, and losses have increased over the past 5 years at a rate of -28.1% per year.
Accelerating Growth: Unable to compare NK's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: NK is unprofitable, making it difficult to compare its past year earnings growth to the Basic Materials industry (15.1%).
Return on Equity
High ROE: NK has a negative Return on Equity (-9.56%), as it is currently unprofitable.
Return on Assets
ROA vs Industry: NK is currently unprofitable, so its Return on Assets is negative.
Return on Capital Employed
ROCE Improving: NK is currently unprofitable, so its Return on Capital Employed is negative.
Next Steps
Financial Health
How is Imerys's financial position?
Financial Position Analysis
Short Term Liabilities: NK's short term assets (€2.5B) exceeds its short term liabilities (€1.4B)
Long Term Liabilities: NK's short term assets (2.5B) do not cover its long term liabilities (3.0B)
Debt to Equity History and Analysis
Debt Level: NK's debt to equity ratio (68.4%) is considered high
Reducing Debt: NK's debt to equity ratio has increased from 54.2% to 68.4% over the past 5 years.
Debt Coverage: NK's debt is well covered by operating cash flow (21.9%).
Interest Coverage: NK is unprofitable, therefore interest payments are not well covered by earnings.
Balance Sheet
Inventory Level: NK has a high level of physical assets or inventory.
Debt Coverage by Assets: NK's debt is covered by short term assets (assets are 1.157470x debt).
Next Steps
Dividend
What is Imerys's current dividend yield, its reliability and sustainability?
6.01%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Stability and Growth of Payments
Notable Dividend: NK's dividend (6.01%) is higher than the bottom 25% of dividend payers in the French market (1.56%).
High Dividend: NK's dividend (6.01%) is in the top 25% of dividend payers in the French market (4.72%)
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: NK is paying a dividend but the company is unprofitable.
Future Payout to Shareholders
Future Dividend Coverage: NK's dividends in 3 years are forecast to be covered by earnings (52.2% payout ratio).
Next Steps
Management
What is the CEO of Imerys's salary, the management and board of directors tenure and is there insider trading?
2.1yrs
Average management tenure
CEO
Conrad Keijzer (51yo)
1.4yrs
Tenure
€3,238,839
Compensation
Mr. Conrad Keijzer serves as CEO & Director of IMERYS since May 04, 2018. He was Deputy Chief Executive Officer at IMERYS from March 8, 2018 until May 04, 2018. Mr. Keijzer served as a Member of the Manage ...
CEO Compensation Analysis
Compensation vs. Market: Conrad has recently become CEO, making it difficult to compare their total compensation against companies of similar size in the French market.
Compensation vs Earnings: Insufficient data to compare Conrad's compensation with company performance.
Management Age and Tenure
2.1yrs
Average Tenure
53.5yo
Average Age
Experienced Management: NK's management team is considered experienced (2.1 years average tenure).
Board Age and Tenure
5.0yrs
Average Tenure
62.5yo
Average Age
Experienced Board: NK's board of directors are considered experienced (5 years average tenure).
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
Olivier Pirotte (53yo)
Chief Financial Officer
- Tenure: 4.3yrs
Thierry Materne
Global Chief Innovation Officer
- Tenure: 3.3yrs
Vincent Lecerf (55yo)
Chief Human Resources Officer
- Tenure: 2.8yrs
Olivier Hautin (54yo)
Chief Strategy Officer
- Tenure: 0.9yrs
Vincent Gouley
Head of Financial Communication
- Tenure: 5yrs
Conrad Keijzer (51yo)
CEO & Director
- Tenure: 1.4yrs
- Compensation: €3.24m
Jean-François Claver
Chief Industrial Officer
- Tenure: 3yrs
Philippe Bourg
Senior Vice President of Refractory Abrasives & Construction
- Tenure: 0.9yrs
Michel Cornelissen
Senior Vice President of High Temperature Solutions
- Tenure: 0.9yrs
Frédérique Berthier-Raymond
Group General Counsel
- Tenure: 0.9yrs
Board Members
Aldo Cardoso (63yo)
Independent Director
- Tenure: 14.4yrs
- Compensation: €112.83k
Patrick Kron (66yo)
Chairman of the Board
- Tenure: 0.3yrs
- Compensation: €10.50k
Ian Gallienne (48yo)
Director
- Tenure: 9.5yrs
- Compensation: €102.28k
Ulysses Paris Kyriacopoulos (67yo)
Director
- Tenure: 4.5yrs
- Compensation: €53.50k
Marie-Françoise Walbaum (69yo)
Independent Director
- Tenure: 6.5yrs
- Compensation: €91.50k
Paul Desmarais (37yo)
Vice Chairman
- Tenure: 3.4yrs
- Compensation: €122.19k
Conrad Keijzer (51yo)
CEO & Director
- Tenure: 1.4yrs
- Compensation: €3.24m
Marion Guillou (65yo)
Independent Director
- Tenure: 7.1yrs
- Compensation: €53.50k
Éliane Augelet-Petit (62yo)
Employee Representative Director
- Tenure: 5yrs
- Compensation: €53.00k
Eric d'Ortona (56yo)
Employee Representative Director
- Tenure: 5yrs
- Compensation: €36.00k
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: €2.837b
- Shares outstanding: 79.25m
- Website: https://www.imerys.com
Number of Employees
Location
- Imerys S.A.
- 43 Quai de Grenelle
- Paris
- Ile-de-France
- 75015
- France
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| IMYS.F | OTCPK (Pink Sheets LLC) | Yes | Ordinary Shares | US | USD | Jan 1980 |
| NK | ENXTPA (Euronext Paris) | Yes | Ordinary Shares | FR | EUR | Jan 1980 |
| IY4 | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | Jan 1980 |
| 0NPX | LSE (London Stock Exchange) | Yes | Ordinary Shares | GB | EUR | Jan 1980 |
| NKP | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Ordinary Shares | GB | EUR | Jan 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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/10/19 20:31 |
| End of Day Share Price | 2019/10/18 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2018/12/31 |
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.