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NK

ImerysENXTPA:NK Stock Report

Last Price

€40.58

Market Cap

€3.4b

7D

6.7%

1Y

-5.4%

Updated

21 Jan, 2022

Data

Company Financials +
NK fundamental analysis
Snowflake Score
Valuation3/6
Future Growth2/6
Past Performance3/6
Financial Health4/6
Dividends3/6

NK Stock Overview

Imerys S.A. provides mineral-based specialty solutions for various industries worldwide.

Imerys Competitors

3M

NYSE:MMM

US$99.5b

BASF

XTRA:BAS

€60.7b

Compagnie de Saint-Gobain

ENXTPA:SGO

€33.4b

Fuyao Glass Industry Group

SHSE:600660

CN¥119.8b

Price History & Performance

Summary of all time highs, changes and price drops for Imerys
Historical stock prices
Current Share Price€40.58
52 Week High€46.82
52 Week Low€32.88
Beta2.04
1 Month Change18.03%
3 Month Change8.16%
1 Year Change-5.41%
3 Year Change-12.05%
5 Year Change-46.61%
Change since IPO260.70%

Recent News & Updates

Dec 07
Is Imerys (EPA:NK) A Risky Investment?

Is Imerys (EPA:NK) A Risky Investment?

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...

Nov 15
Is Now The Time To Put Imerys (EPA:NK) On Your Watchlist?

Is Now The Time To Put Imerys (EPA:NK) On Your Watchlist?

Like a puppy chasing its tail, some new investors often chase 'the next big thing', even if that means buying 'story...

Aug 18
Here's Why Imerys (EPA:NK) Can Manage Its Debt Responsibly

Here's Why Imerys (EPA:NK) Can Manage Its Debt Responsibly

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...

Shareholder Returns

NKFR Basic MaterialsFR Market
7D6.7%-2.3%-0.5%
1Y-5.4%8.3%22.6%

Return vs Industry: NK underperformed the French Basic Materials industry which returned 8.9% over the past year.

Return vs Market: NK underperformed the French Market which returned 23.7% over the past year.

Price Volatility

Is NK's price volatile compared to industry and market?
NK volatility
NK Average Weekly Movement3.1%
Basic Materials Industry Average Movement3.8%
Market Average Movement4.5%
10% most volatile stocks in FR Market9.7%
10% least volatile stocks in FR Market2.5%

Stable Share Price: NK is less volatile than 75% of French stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: NK's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
188016,303Alessandro Dazzahttps://www.imerys.com

Imerys S.A. provides mineral-based specialty solutions for various industries worldwide. The company operates through Performance Minerals and High Temperature Solutions segments. It provides additives for interior decorative paints, as well as marine protection, facade coating, can coating, etc.; rubber, tires, medical rubber, and cables; and adhesives and sealants.

Imerys Fundamentals Summary

How do Imerys's earnings and revenue compare to its market cap?
NK fundamental statistics
Market Cap€3.44b
Earnings (TTM)€151.10m
Revenue (TTM)€4.25b

22.8x

P/E Ratio

0.8x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
NK income statement (TTM)
Revenue€4.25b
Cost of Revenue€1.41b
Gross Profit€2.84b
Expenses€2.69b
Earnings€151.10m

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

Feb 17, 2022

Earnings per share (EPS)1.78
Gross Margin66.82%
Net Profit Margin3.56%
Debt/Equity Ratio71.5%

How did NK perform over the long term?

See historical performance and comparison

Dividends

2.8%

Current Dividend Yield

64%

Payout Ratio

Valuation

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

44.4%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: NK (€40.58) is trading below our estimate of fair value (€73.01)

Significantly Below Fair Value: NK is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: NK is poor value based on its PE Ratio (22.8x) compared to the European Basic Materials industry average (16.4x).

PE vs Market: NK is poor value based on its PE Ratio (22.8x) compared to the French market (18.8x).


Price to Earnings Growth Ratio

PEG Ratio: NK is poor value based on its PEG Ratio (1.5x)


Price to Book Ratio

PB vs Industry: NK is good value based on its PB Ratio (1.1x) compared to the XE Basic Materials industry average (1.6x).


Future Growth

How is Imerys forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?

15.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: NK's forecast earnings growth (15.5% per year) is above the savings rate (0.3%).

Earnings vs Market: NK's earnings (15.5% per year) are forecast to grow faster than the French market (11.7% per year).

High Growth Earnings: NK's earnings are forecast to grow, but not significantly.

Revenue vs Market: NK's revenue (4.2% per year) is forecast to grow slower than the French market (6.2% per year).

High Growth Revenue: NK's revenue (4.2% 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 (9.1%).


Past Performance

How has Imerys performed over the past 5 years?

-26.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: NK has a large one-off loss of €154.1M impacting its September 30 2021 financial results.

Growing Profit Margin: NK's current net profit margins (3.6%) are higher than last year (1.5%).


Past Earnings Growth Analysis

Earnings Trend: NK's earnings have declined by 26.2% per year over the past 5 years.

Accelerating Growth: NK's earnings growth over the past year (168.9%) exceeds its 5-year average (-26.2% per year).

Earnings vs Industry: NK earnings growth over the past year (168.9%) exceeded the Basic Materials industry 33%.


Return on Equity

High ROE: NK's Return on Equity (5.2%) is considered low.


Financial Health

How is Imerys's financial position?


Financial Position Analysis

Short Term Liabilities: NK's short term assets (€2.4B) exceed its short term liabilities (€1.5B).

Long Term Liabilities: NK's short term assets (€2.4B) do not cover its long term liabilities (€2.7B).


Debt to Equity History and Analysis

Debt Level: NK's net debt to equity ratio (49.3%) is considered high.

Reducing Debt: NK's debt to equity ratio has reduced from 89.4% to 71.5% over the past 5 years.

Debt Coverage: NK's debt is well covered by operating cash flow (22.4%).

Interest Coverage: NK's interest payments on its debt are well covered by EBIT (14.5x coverage).


Balance Sheet


Dividend

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

2.83%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: NK's dividend (2.83%) is higher than the bottom 25% of dividend payers in the French market (1.32%).

High Dividend: NK's dividend (2.83%) is low compared to the top 25% of dividend payers in the French market (3.88%).


Stability and Growth of Payments

Stable Dividend: NK's dividend payments have been volatile in the past 10 years.

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


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (64.5%), NK's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: NK's dividends in 3 years are forecast to be covered by earnings (50.4% payout ratio).


Next Steps

Management

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

3.2yrs

Average management tenure


CEO

Alessandro Dazza (50 yo)

1.92yrs

Tenure

€4,207,290

Compensation

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...


CEO Compensation Analysis

Compensation vs Market: Alessandro's total compensation ($USD4.77M) is above average for companies of similar size in the French market ($USD1.42M).

Compensation vs Earnings: Insufficient data to compare Alessandro's compensation with company performance.


Leadership Team

Experienced Management: NK's management team is considered experienced (3.2 years average tenure).


Board Members

Experienced Board: NK's board of directors are considered experienced (4.9 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

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


Key Information

  • Name: Imerys S.A.
  • Ticker: NK
  • Exchange: ENXTPA
  • Founded: 1880
  • Industry: Construction Materials
  • Sector: Materials
  • Implied Market Cap: €3.438b
  • Shares outstanding: 84.73m
  • Website: https://www.imerys.com

Number of Employees


Location

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

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/21 21:16
End of Day Share Price2022/01/21 00:00
Earnings2021/09/30
Annual Earnings2020/12/31


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.