ENXTPA:IPS

Stock Analysis Report

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Executive Summary

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. More Details


Snowflake Analysis

Undervalued with excellent balance sheet.


Similar Companies

Share Price & News

How has Ipsos's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: IPS is not significantly more volatile than the rest of French stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: IPS's weekly volatility (7%) has been stable over the past year.


Market Performance


7 Day Return

4.3%

IPS

-0.3%

FR Media

1.1%

FR Market


1 Year Return

-5.3%

IPS

-15.1%

FR Media

-2.6%

FR Market

Return vs Industry: IPS exceeded the French Media industry which returned -13.9% over the past year.

Return vs Market: IPS underperformed the French Market which returned -3% over the past year.


Shareholder returns

IPSIndustryMarket
7 Day4.3%-0.3%1.1%
30 Day21.5%20.1%15.2%
90 Day17.4%19.3%11.6%
1 Year-3.4%-5.3%-12.7%-15.1%-0.6%-2.6%
3 Year-4.2%-12.4%-29.8%-36.9%16.8%7.1%
5 Year47.6%27.4%-28.0%-39.6%48.9%28.7%

Long-Term Price Volatility Vs. Market

How volatile is Ipsos's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

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

33.3%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: IPS (€26.6) is trading below our estimate of fair value (€39.89)

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


Price To Earnings Ratio

PE vs Industry: IPS is poor value based on its PE Ratio (13.4x) compared to the FR Media industry average (12.2x).

PE vs Market: IPS is good value based on its PE Ratio (13.4x) compared to the French market (21.1x).


Price to Earnings Growth Ratio

PEG Ratio: IPS is good value based on its PEG Ratio (0.9x)


Price to Book Ratio

PB vs Industry: IPS is good value based on its PB Ratio (1.1x) compared to the FR Media industry average (1.2x).


Next Steps

Future Growth

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

15.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: IPS's forecast earnings growth (15.6% per year) is above the savings rate (0.6%).

Earnings vs Market: IPS's earnings (15.6% per year) are forecast to grow slower than the French market (25.3% per year).

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

Revenue vs Market: IPS's revenue (4.4% per year) is forecast to grow slower than the French market (7.3% per year).

High Growth Revenue: IPS's revenue (4.4% 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 (9.9%).


Next Steps

Past Performance

How has Ipsos performed over the past 5 years?

0.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: IPS has high quality earnings.

Growing Profit Margin: IPS's current net profit margins (4.6%) are lower than last year (5.4%).


Past Earnings Growth Analysis

Earnings Trend: IPS's earnings have grown by 0.5% per year over the past 5 years.

Accelerating Growth: IPS's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: IPS had negative earnings growth (-14%) over the past year, making it difficult to compare to the Media industry average (-21.5%).


Return on Equity

High ROE: IPS's Return on Equity (8.2%) is considered low.


Next Steps

Financial Health

How is Ipsos's financial position?


Financial Position Analysis

Short Term Liabilities: IPS's short term assets (€883.4M) exceed its short term liabilities (€669.9M).

Long Term Liabilities: IPS's short term assets (€883.4M) exceed its long term liabilities (€811.2M).


Debt to Equity History and Analysis

Debt Level: IPS's debt to equity ratio (70.9%) is considered high.

Reducing Debt: IPS's debt to equity ratio has reduced from 78.8% to 70.9% over the past 5 years.

Debt Coverage: IPS's debt is well covered by operating cash flow (45.3%).

Interest Coverage: IPS's interest payments on its debt are well covered by EBIT (5x coverage).


Balance Sheet


Next Steps

Dividend

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

1.69%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: IPS's dividend (1.69%) is higher than the bottom 25% of dividend payers in the French market (1.41%).

High Dividend: IPS's dividend (1.69%) is low compared to the top 25% of dividend payers in the French market (4.66%).


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 fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (22.6%), 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 (29.9% payout ratio).


Next Steps

Management

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

6.6yrs

Average board tenure


CEO

Didier Truchot (73 yo)

45.83yrs

Tenure

€674,374

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 ($USD802.92K) is about average for companies of similar size in the French market ($USD908.55K).

Compensation vs Earnings: Didier's compensation has been consistent with company performance over the past year.


Board Members

NamePositionTenureCompensationOwnership
Didier Truchot
Founder45.83yrs€674.37k0.62%
€ 7.6m
Laurence Stoclet
Deputy CEO17.92yrs€666.01k0.16%
€ 2.0m
Henri Wallard
Deputy CEO and Chairman of Public Affairs4.5yrs€614.30k0.10%
€ 1.2m
Pierre Le Manh
Deputy CEOno data€902.39k0.11%
€ 1.3m
Sylvie Mayou
Deputy CEO3.58yrs€11.00k0.0073%
€ 89.1k
Jennifer Hubber
Chief Client Officer3.58yrsno data0.021%
€ 256.0k
Anne Clementine Marion-Bouchacourt
Independent Director3.58yrs€18.00k0.0018%
€ 22.2k
Henry Letulle
Non-Independent Director14.5yrs€10.00k0.036%
€ 437.2k
Patrick Artus
Independent Director11.58yrs€19.00k0.0018%
€ 22.0k
Neil Janin
Independent Director5.58yrs€22.00k0.013%
€ 163.7k
Mary Dupont-Madinier
Independent Director7.83yrs€21.00k0.0012%
€ 14.2k
Florence von Erb
Independent Director6.58yrs€32.00k0.0018%
€ 22.2k

6.6yrs

Average Tenure

61yo

Average Age

Experienced Board: IPS's board of directors are considered experienced (6.6 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 company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Ipsos SA
  • Ticker: IPS
  • Exchange: ENXTPA
  • Founded: 1975
  • Industry: Advertising
  • Sector: Media
  • Market Cap: €1.222b
  • Shares outstanding: 44.03m
  • Website: https://www.ipsos.com

Number of Employees


Location

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

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
IPSENXTPA (Euronext Paris)YesOrdinary SharesFREURJul 1999
IPZDB (Deutsche Boerse AG)YesOrdinary SharesDEEURJul 1999
0KA3LSE (London Stock Exchange)YesOrdinary SharesGBEURJul 1999
IPSO.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDJul 1999
IPSPBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBEURJul 1999

Biography

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 service...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/11/26 19:38
End of Day Share Price2020/11/26 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.