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IPS

IpsosENXTPA:IPS Stock Report

Market Cap

€1.9b

7D

2.6%

1Y

108.0%

Updated

26 Sep, 2021

Data

Company Financials +
IPS fundamental analysis
Snowflake Score
Valuation4/6
Future Growth1/6
Past Performance5/6
Financial Health5/6
Dividends4/6

IPS Overview

Ipsos SA, through its subsidiaries, provides survey-based research services for companies and institutions in Europe, the Middle East, Africa, the Americas, and the Asia-Pacific.

Ipsos Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Ipsos
Historical stock prices
Current Share Price€42.65
52 Week High€20.40
52 Week Low€43.25
Beta1.28
1 Month Change5.57%
3 Month Change17.98%
1 Year Change108.05%
3 Year Change61.80%
5 Year Change46.72%
Change since IPO348.95%

Recent News & Updates

Shareholder Returns

IPSFR MediaFR Market
7D2.6%-32.8%0.03%
1Y108.0%0.1%39.2%

Return vs Industry: IPS exceeded the French Media industry which returned 0.1% over the past year.

Return vs Market: IPS exceeded the French Market which returned 39.2% over the past year.

Price Volatility

Is IPS's price volatile compared to industry and market?
IPS volatility
IPS Beta1.28
Industry Beta1.07
Market Beta1

Stable Share Price: IPS is not significantly more volatile than the rest of French stocks over the past 3 months, typically moving +/- 3% a week.

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

About the Company

FoundedEmployeesCEOWebsite
197517,640Didier Truchothttps://www.ipsos.com

Ipsos SA, through its subsidiaries, provides survey-based research services for companies and institutions in Europe, the Middle East, Africa, the Americas, and the Asia-Pacific. The company offers services in the information production and analysis chain, including data collection, data processing and integration, data analysis, information delivery, and information activation. It also provides audience measurement, brand health tracking, car clinics and mobility lab, creative excellence, corporate reputation, customer experience, healthcare, innovation, marketing management and analytics, qualitative insight, retail and consumer intelligence, market strategy and understanding, mystery shopping, observer, public affairs, quality measurement, and social intelligence analytics services, as well as other specialist services, such as media development, retail performance, and employee relationship management.

Ipsos Fundamentals Summary

How do Ipsos's earnings and revenue compare to its market cap?
IPS fundamental statistics
Market Cap€1.89b
Earnings (TTM)€180.21m
Revenue (TTM)€2.04b

10.5x

P/E Ratio

0.9x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
IPS income statement (TTM)
Revenue€2.04b
Cost of Revenue€733.46m
Gross Profit€1.31b
Expenses€1.13b
Earnings€180.21m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)4.06
Gross Margin64.13%
Net Profit Margin8.81%
Debt/Equity Ratio47.8%

How did IPS perform over the long term?

See historical performance and comparison

Dividends

2.1%

Current Dividend Yield

22%

Payout Ratio

Valuation

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

49.6%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: IPS (€42.65) is trading below our estimate of fair value (€84.58)

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


Price To Earnings Ratio

PE vs Industry: IPS is good value based on its PE Ratio (10.5x) compared to the French Media industry average (15.3x).

PE vs Market: IPS is good value based on its PE Ratio (10.5x) compared to the French market (21.2x).


Price to Earnings Growth Ratio

PEG Ratio: IPS is poor value based on its PEG Ratio (2.2x)


Price to Book Ratio

PB vs Industry: IPS's PB Ratio (1.6x) is in line with the FR Media industry average.


Future Growth

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

4.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: IPS's forecast earnings growth (4.8% per year) is above the savings rate (0.4%).

Earnings vs Market: IPS's earnings (4.8% per year) are forecast to grow slower than the French market (12.1% per year).

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

Revenue vs Market: IPS's revenue (3.9% per year) is forecast to grow slower than the French market (6.3% per year).

High Growth Revenue: IPS's revenue (3.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: IPS's Return on Equity is forecast to be low in 3 years time (12.9%).


Past Performance

How has Ipsos performed over the past 5 years?

2.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: IPS has high quality earnings.

Growing Profit Margin: IPS's current net profit margins (8.8%) are higher than last year (4.6%).


Past Earnings Growth Analysis

Earnings Trend: IPS's earnings have grown by 2.7% per year over the past 5 years.

Accelerating Growth: IPS's earnings growth over the past year (106.4%) exceeds its 5-year average (2.7% per year).

Earnings vs Industry: IPS earnings growth over the past year (106.4%) exceeded the Media industry 0.6%.


Return on Equity

High ROE: IPS's Return on Equity (15.3%) is considered low.


Financial Health

How is Ipsos's financial position?


Financial Position Analysis

Short Term Liabilities: IPS's short term assets (€956.2M) exceed its short term liabilities (€737.3M).

Long Term Liabilities: IPS's short term assets (€956.2M) exceed its long term liabilities (€637.5M).


Debt to Equity History and Analysis

Debt Level: IPS's debt to equity ratio (47.8%) is considered high.

Reducing Debt: IPS's debt to equity ratio has reduced from 68.3% to 47.8% over the past 5 years.

Debt Coverage: IPS's debt is well covered by operating cash flow (51.4%).

Interest Coverage: IPS's interest payments on its debt are well covered by EBIT (13.4x coverage).


Balance Sheet


Dividend

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

2.11%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: IPS's dividend (2.11%) is higher than the bottom 25% of dividend payers in the French market (1.28%).

High Dividend: IPS's dividend (2.11%) is low compared to the top 25% of dividend payers in the French market (3.98%).


Stability and Growth of Payments

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

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


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (22%), IPS's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: IPS's dividends in 3 years are forecast to be well covered by earnings (30% payout ratio).


Next Steps

Management

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

23.7yrs

Average management tenure


CEO

Didier Truchot (74 yo)

46.67yrs

Tenure

€911,913

Compensation

Mr. Didier Truchot is Founder of IPSOS s.r.o. (formerly known as IPSOS Tambor s.r.o.). Mr. Truchot serves as Managing Director of LT Participations SA. He founded Ipsos SA in 1975 and has been its Chief Ex...


CEO Compensation Analysis

Compensation vs Market: Didier's total compensation ($USD1.07M) is about average for companies of similar size in the French market ($USD1.03M).

Compensation vs Earnings: Didier's compensation has increased by more than 20% in the past year.


Leadership Team

Experienced Management: IPS's management team is seasoned and experienced (23.7 years average tenure).


Board Members

Experienced Board: IPS's board of directors are considered experienced (6.4 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

Ipsos SA's employee growth, exchange listings and data sources


Key Information

  • Name: Ipsos SA
  • Ticker: IPS
  • Exchange: ENXTPA
  • Founded: 1975
  • Industry: Advertising
  • Sector: Media
  • Market Cap: €1.895b
  • Shares outstanding: 44.42m
  • Website: https://www.ipsos.com

Number of Employees


Location

  • Ipsos SA
  • 35, rue du Val de Marne
  • Paris
  • Ile-de-France
  • 75013
  • France

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/26 17:49
End of Day Share Price2021/09/24 00:00
Earnings2021/06/30
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.