Executive Summary
Imerys S.A. provides mineral-based specialties various industries worldwide. More Details
Rewards
Risk Analysis
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
| NK | Industry | Market | |
|---|---|---|---|
| 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
5 hours ago | Simply Wall St
Estimating The Intrinsic Value Of Imerys S.A. (EPA:NK)2 weeks ago | Simply Wall St
Is Imerys S.A.'s (EPA:NK) Shareholder Ownership Skewed Towards Insiders?1 month ago | Simply Wall St
A Look At Imerys' (EPA:NK) Share Price ReturnsValuation
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
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chief Executive Officer | 0.67yr | no data | no data | |
| Chief Financial Officer | 0.17yr | no data | no data | |
| Head of Financial Communication | 6yrs | no data | no data | |
| Group General Counsel & Secretary of the Board | 1.92yrs | no data | no data | |
| Chief Human Resources Officer | 3.75yrs | no data | no data | |
| Chief Strategy and M&A Officer | 0.17yr | no data | no data | |
| Chief Industrial Officer | 4yrs | no data | no data | |
| Senior Vice President of Refractory Abrasives & Construction | 1.92yrs | no data | no data | |
| Senior Vice President of High Temperature Solutions | 1.92yrs | no data | no data | |
| Senior Vice President of Performance Minerals EMEA | 1.92yrs | no data | no data | |
| Senior Vice President of Performance Minerals APAC | 1.92yrs | no data | no data | |
| Senior Vice President of Performance Minerals Americas | 1.92yrs | no data | no 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
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Independent Director | 15.42yrs | €146.33k | 0.0020% € 49.6k | |
| Independent Chairman of the Board | 1.33yrs | €125.00k | 0.00071% € 17.7k | |
| Director | 10.5yrs | €113.00k | 0.00071% € 17.7k | |
| Director | 4.83yrs | €116.33k | 0.00071% € 17.7k | |
| Director | 5.5yrs | €66.92k | 0.00071% € 17.7k | |
| Independent Director | 7.5yrs | €92.00k | 0.00071% € 17.7k | |
| Independent Director | 2.42yrs | €70.00k | 0.00071% € 17.7k | |
| Vice Chairman | 4.42yrs | €108.67k | 0.00071% € 17.7k | |
| Non-voting Observer | 2.42yrs | €46.67k | 0.00071% € 17.7k | |
| Independent Director | 0.42yr | no data | no data | |
| Employee Representative Director | 6yrs | €57.00k | 0.000010% € 249.2 | |
| Employee Representative Director | 6yrs | €30.00k | no 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
| 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 Res ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/10/19 22:00 |
| End of Day Share Price | 2020/10/19 00:00 |
| Earnings | 2020/06/30 |
| 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.