Impax Environmental Markets plc is a closed ended equity mutual fund launched and managed by Impax Asset Management (AIFM) Limited.
Share Price & News
How has Impax Environmental Markets's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: IEM's share price has been volatile over the past 3 months.
7 Day Return
GB Capital Markets
1 Year Return
GB Capital Markets
Return vs Industry: IEM underperformed the UK Capital Markets industry which returned 1.9% over the past year.
Return vs Market: IEM exceeded the UK Market which returned -22.4% over the past year.
Price Volatility Vs. Market
How volatile is Impax Environmental Markets's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is Impax Environmental Markets undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: IEM (£2.68) is trading below our estimate of fair value (£7.2)
Significantly Below Fair Value: IEM is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: IEM is good value based on its PE Ratio (8x) compared to the Capital Markets industry average (15.6x).
PE vs Market: IEM is good value based on its PE Ratio (8x) compared to the UK market (12.8x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate IEM's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: IEM is good value based on its PB Ratio (0.9x) compared to the GB Capital Markets industry average (1.3x).
How is Impax Environmental Markets forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Forecasted Diversified Financials industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Impax Environmental Markets has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
How has Impax Environmental Markets performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: IEM has high quality earnings.
Growing Profit Margin: IEM's current net profit margins (87%) are higher than last year (82.4%).
Past Earnings Growth Analysis
Earnings Trend: IEM's earnings have declined by -1.6% per year over the past 5 years.
Accelerating Growth: IEM's earnings growth over the past year (119.4%) exceeds its 5-year average (-1.6% per year).
Earnings vs Industry: IEM earnings growth over the past year (119.4%) exceeded the Capital Markets industry 19.2%.
Return on Equity
High ROE: IEM's Return on Equity (10.6%) is considered low.
How is Impax Environmental Markets's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Inventory Level: IEM has a low level of unsold assets or inventory.
Debt Coverage by Assets: IEM's debt is not covered by short term assets (assets are 0.6x debt).
Financial Institutions Analysis
Asset Level: IEM's level of assets compared to its equity is low.
Allowance for Bad Loans: Insufficient data to determine if IEM has a sufficient allowance for bad loans.
Low Risk Liabilities: IEM reports no customer deposits, loans are made up entirely of externally borrowed funds.
Loan Level: Insufficient data to determine if IEM has an acceptable proportion of non-loan assets held.
Low Risk Deposits: IEM has advanced significantly more loans than the customer deposits it holds.
Level of Bad Loans: Insufficient data to determine if IEM has an appropriate level of bad loans.
What is Impax Environmental Markets's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: IEM's dividend (1.12%) isn’t notable compared to the bottom 25% of dividend payers in the UK market (2.68%).
High Dividend: IEM's dividend (1.12%) is low compared to the top 25% of dividend payers in the UK market (7.27%).
Stability and Growth of Payments
Stable Dividend: IEM is not paying a notable dividend for the UK market, therefore no need to check if payments are stable.
Growing Dividend: IEM is not paying a notable dividend for the UK market, therefore no need to check if payments are increasing.
Current Payout to Shareholders
Dividend Coverage: IEM is not paying a notable dividend for the UK market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of IEM's dividend in 3 years as they are not forecast to pay a notable one for the UK market.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Impax Environmental Markets has no CEO, or we have no data on them.
|Non-Executive Director||9.25yrs||UK£20.00k||0.0022% £12.9k|
|Non-Executive Director||6.92yrs||UK£12.00k||0.0085% £50.4k|
|Non-Executive Director||9.25yrs||UK£24.00k||0.0065% £38.5k|
Experienced Board: IEM's board of directors are considered experienced (8 years average tenure).
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.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Impax Environmental Markets plc's company bio, employee growth, exchange listings and data sources
- Name: Impax Environmental Markets plc
- Ticker: IEM
- Exchange: LSE
- Founded: 2002
- Industry: Asset Management and Custody Banks
- Sector: Diversified Financials
- Market Cap: UK£590.096m
- Shares outstanding: 228.72m
- Website: https://www.impaxenvironmentalmarkets.co.uk
Number of Employees
- Impax Environmental Markets plc
- Norfolk House
- 31 St. James' Square
- SW1Y 4JR
- United Kingdom
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|IEM||LSE (London Stock Exchange)||Yes||Ordinary Shares||GB||GBP||Feb 2002|
|IMXX.F||OTCPK (Pink Sheets LLC)||Yes||Ordinary Shares||US||USD||Feb 2002|
|IEML||BATS-CHIXE (BATS 'Chi-X Europe')||Yes||Ordinary Shares||GB||GBP||Feb 2002|
Impax Environmental Markets plc is a closed ended equity mutual fund launched and managed by Impax Asset Management (AIFM) Limited. The fund invests in public equity markets across the globe. It seeks to invest in stocks of companies which provide, utilize, implement or advise upon technology-based systems, products or services in environmental markets, particularly of those in the alternative energy and energy efficiency, water treatment and pollution control, and waste technology and resource management sectors. The fund invests in growth stocks of companies across all market capitalizations. It employs fundamental analysis to create its portfolio. The fund benchmarks the performance of its portfolio against the MSCI AC World Index and the FTSE ET100 Index. Impax Environmental Markets plc was formed on February 22, 2002 and is domiciled in the United Kingdom.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/04/01 21:19|
|End of Day Share Price||2020/04/01 00:00|
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.