Executive Summary
Imerys S.A. provides mineral-based specialties various industries worldwide.
Rewards
Risk Analysis
Snowflake Analysis
Established dividend payer and good value.
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's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
8.0%
NK
6.1%
FR Basic Materials
1.8%
FR Market
1 Year Return
-46.4%
NK
-24.9%
FR Basic Materials
-17.5%
FR Market
Return vs Industry: NK underperformed the French Basic Materials industry which returned -31.2% over the past year.
Return vs Market: NK underperformed the French Market which returned -23.2% over the past year.
Shareholder returns
| NK | Industry | Market | |
|---|---|---|---|
| 7 Day | 8.0% | 6.1% | 1.8% |
| 30 Day | -22.3% | -12.6% | -12.1% |
| 90 Day | -33.7% | -30.4% | -24.9% |
| 1 Year | -43.5%-46.4% | -22.5%-24.9% | -14.6%-17.5% |
| 3 Year | -65.2%-68.7% | -28.6%-34.6% | 1.8%-7.6% |
| 5 Year | -60.0%-65.9% | -22.8%-32.1% | 8.3%-7.2% |
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
2 weeks ago | Simply Wall St
Is Imerys (EPA:NK) Using Too Much Debt?1 month ago | Simply Wall St
Should Imerys S.A. (EPA:NK) Focus On Improving This Fundamental Metric?1 month ago | Simply Wall St
What Is Imerys S.A.'s (EPA:NK) Share Price Doing?Valuation
Is Imerys 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: NK (€22.88) is trading below our estimate of fair value (€51.32)
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 (14.9x) compared to the Basic Materials industry average (9.2x).
PE vs Market: NK is poor value based on its PE Ratio (14.9x) compared to the French market (13.3x).
Price to Earnings Growth Ratio
PEG Ratio: NK is good value based on its PEG Ratio (0.5x)
Price to Book Ratio
PB vs Industry: NK is good value based on its PB Ratio (0.6x) compared to the XE Basic Materials industry average (0.8x).
Next Steps
Future Growth
How is Imerys forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
28.3%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: NK's forecast earnings growth (28.3% per year) is above the savings rate (-0.1%).
Earnings vs Market: NK's earnings (28.3% per year) are forecast to grow faster than the French market (12.2% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: NK's revenue is expected to decline over the next 3 years (-1.5% per year).
High Growth Revenue: NK's revenue is forecast to decline over the next 3 years (-1.5% 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 (8.6%).
Next Steps
Past Performance
How has Imerys performed over the past 5 years?
-30.5%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: NK has a large one-off loss of €203.4M impacting its December 31 2019 financial results.
Growing Profit Margin: NK became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: NK's earnings have declined by -30.5% 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 (20.8%).
Return on Equity
High ROE: NK's Return on Equity (3.8%) is considered low.
Next Steps
Financial Health
How is Imerys's financial position?
Financial Position Analysis
Short Term Liabilities: NK's short term assets (€2.3B) exceed its short term liabilities (€1.5B).
Long Term Liabilities: NK's short term assets (€2.3B) do not cover its long term liabilities (€2.8B).
Debt to Equity History and Analysis
Debt Level: NK's debt to equity ratio (66.2%) is considered high.
Reducing Debt: NK's debt to equity ratio has increased from 63.3% to 66.2% over the past 5 years.
Debt Coverage: NK's debt is well covered by operating cash flow (24.6%).
Interest Coverage: NK's interest payments on its debt are well covered by EBIT (8.4x coverage).
Balance Sheet
Next Steps
Dividend
What is Imerys's current dividend yield, its reliability and sustainability?
8.68%
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: NK's dividend (9.4%) is higher than the bottom 25% of dividend payers in the French market (2.08%).
High Dividend: NK's dividend (9.4%) is in the top 25% of dividend payers in the French market (6.37%)
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 (140.3%), 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 (74% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
1.4yrs
Average management tenure
CEO
Alessandro Dazza (48yo)
0.17
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
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chief Executive Officer | 0.17yr | no data | no data | |
| Chief Financial Officer | 4.83yrs | no data | no data | |
| Head of Financial Communication | 5.5yrs | no data | no data | |
| Group General Counsel & Secretary of the Board | 1.42yrs | no data | no data | |
| Chief Human Resources Officer | 3.25yrs | no data | no data | |
| Chief Strategy Officer | 1.42yrs | no data | no data | |
| Chief Industrial Officer | 3.5yrs | no data | no data | |
| Senior Vice President of Refractory Abrasives & Construction | 1.42yrs | no data | no data | |
| Senior Vice President of High Temperature Solutions | 1.42yrs | no data | no data | |
| Senior Vice President of Performance Minerals EMEA | 1.42yrs | no data | no data |
1.4yrs
Average Tenure
53.5yo
Average Age
Experienced Management: NK's management team is not considered experienced ( 1.4 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Independent Director | 14.92yrs | €112.83k | 0.0021% €41.6k | |
| Independent Chairman of the Board | 0.83yr | €10.50k | 0.00076% €14.8k | |
| Director | 10yrs | €102.28k | 0.00076% €14.8k | |
| Director | 5yrs | €53.50k | 0.00076% €14.8k | |
| Independent Director | 7yrs | €91.50k | 0.00076% €14.8k | |
| Vice Chairman | 3.92yrs | €122.19k | 0.00076% €14.8k | |
| Non-voting Observer | 1.92yrs | €36.00k | 0.00076% €14.8k | |
| Independent Director | 7.58yrs | €53.50k | 0.00076% €14.8k | |
| Employee Representative Director | 5.5yrs | €53.00k | 0.000010% €195.1 | |
| Employee Representative Director | 5.5yrs | €36.00k | no data |
5.5yrs
Average Tenure
62.5yo
Average Age
Experienced Board: NK's board of directors are considered experienced (5.5 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 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: €1.951b
- Shares outstanding: 78.80m
- 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 |
| IY4 | ETLX (Eurotlx) | Yes | Ordinary Shares | IT | 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 Resistance Minerals segments. It provides ground and precipitated calcium carbonates, and lime; cast/vibrated and quick dry castables, ramming and dry mixes, taphole clays, gunning materials, and prefabricated forms, as well as project management services for refractories; graphite and carbon products; and oilfield solutions. The company also offers performance additives; diatomite, perlite and expanded perlite, and structured alumino-silicate for filtration; and bauxite, bentonite, fluxes, moler, perlite, and zeolite products for metallurgy. In addition, it provides clay roof tiles and accessories, metal profiles, photovoltaic and heliothermal solar power generating solutions; kaolin; and mineral solutions for ceramics. Further, the company offers fused aluminas, tabular alumina, silicon carbide, fused magnesia, electrically fused mullite, zirconia-based chemicals, and electrically fused zirconia; and calcium aluminate-based binders, andalusite, ball clay, chamotte, metakaolin, mullite, and fused silica. It serves primarily serves aerospace, specialty paper, waste recycling, agriculture and horticulture, pharmaceuticals health and beauty, tableware, electronics, office paper, infrastructure, food, packaging, magazines, other consumer goods, renovation, construction, steelmaking, automotive, catalogs and advertising, industrial equipment, and energy sectors. The company was founded in 1880 and is headquartered in Paris, France. Imerys S.A. is a subsidiary of Belgian Securities BV.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/04/07 20:33 |
| End of Day Share Price | 2020/04/07 00:00 |
| Earnings | 2019/12/31 |
| 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.