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ITX

Itaconix AIM:ITX Stock Report

Last Price

UK£0.053

Market Cap

UK£23.9m

7D

1.0%

1Y

-3.6%

Updated

17 Aug, 2022

Data

Company Financials +
ITX fundamental analysis
Snowflake Score
Valuation1/6
Future Growth5/6
Past Performance0/6
Financial Health6/6
Dividends0/6

ITX Stock Overview

Itaconix plc, together with its subsidiaries, designs, develops, manufactures, and sells bio-based polymers for personal care, home care, and industrial sectors in North America and Europe.

Itaconix Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Itaconix
Historical stock prices
Current Share PriceUK£0.053
52 Week HighUK£0.11
52 Week LowUK£0.028
Beta1.37
1 Month Change-10.92%
3 Month Change27.71%
1 Year Change-3.64%
3 Year Change186.49%
5 Year Change-75.63%
Change since IPO-94.88%

Recent News & Updates

Shareholder Returns

ITXGB ChemicalsGB Market
7D1.0%2.8%0.9%
1Y-3.6%-26.4%-8.2%

Return vs Industry: ITX exceeded the UK Chemicals industry which returned -26.4% over the past year.

Return vs Market: ITX exceeded the UK Market which returned -8.2% over the past year.

Price Volatility

Is ITX's price volatile compared to industry and market?
ITX volatility
ITX Average Weekly Movement11.9%
Chemicals Industry Average Movement7.2%
Market Average Movement5.4%
10% most volatile stocks in GB Market10.8%
10% least volatile stocks in GB Market2.7%

Stable Share Price: ITX is more volatile than 90% of UK stocks over the past 3 months, typically moving +/- 12% a week.

Volatility Over Time: ITX's weekly volatility (12%) has been stable over the past year, but is still higher than 75% of UK stocks.

About the Company

FoundedEmployeesCEOWebsite
201215John Shawhttps://www.itaconix.com

Itaconix plc, together with its subsidiaries, designs, develops, manufactures, and sells bio-based polymers for personal care, home care, and industrial sectors in North America and Europe. The company’s home care and industrial products include Itaconix TSI, Itaconix DSP, Itaconix CHT, and Itaconix VELASOFT water soluble polymers; and Itaconix ZINADOR 22L and 35L, which are water soluble odor neutralizers. Its personal care products comprise Itaconix VELAFRESH ZP20 and ZP30 that are water soluble fixating complexes; and Nouryon Amaze SP, a hair styling ingredient.

Itaconix Fundamentals Summary

How do Itaconix's earnings and revenue compare to its market cap?
ITX fundamental statistics
Market CapUK£23.86m
Earnings (TTM)-UK£377.74k
Revenue (TTM)UK£2.16m

11.1x

P/S Ratio

-63.2x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
ITX income statement (TTM)
RevenueUS$2.60m
Cost of RevenueUS$1.90m
Gross ProfitUS$700.00k
Other ExpensesUS$1.16m
Earnings-US$455.00k

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.001
Gross Margin26.96%
Net Profit Margin-17.53%
Debt/Equity Ratio0%

How did ITX perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is ITX undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for ITX?

Other financial metrics that can be useful for relative valuation.

ITX key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue11x
Enterprise Value/EBITDA-17.4x
PEG Ration/a

Price to Sales Ratio vs Peers

How does ITX's PS Ratio compare to its peers?

ITX PS Ratio vs Peers
The above table shows the PS ratio for ITX vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPSEstimated GrowthMarket Cap
Peer Average13.4x
ZTF Zotefoams
1.4x6.6%UK£151.6m
BIOM Biome Technologies
1.2x31.5%UK£6.8m
HMI Harvest Minerals
7.1xn/aUK£19.7m
GPL Graft Polymer (UK)
44.2xn/aUK£16.8m
ITX Itaconix
11.1x42.5%UK£23.9m

Price-To-Sales vs Peers: ITX is good value based on its Price-To-Sales Ratio (11.1x) compared to the peer average (13.4x).


Price to Earnings Ratio vs Industry

How does ITX's PE Ratio compare vs other companies in the GB Chemicals Industry?

Price-To-Sales vs Industry: ITX is expensive based on its Price-To-Sales Ratio (11.1x) compared to the UK Chemicals industry average (3.1x)


Price to Sales Ratio vs Fair Ratio

What is ITX's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

ITX PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio11.1x
Fair PS Ratio3.6x

Price-To-Sales vs Fair Ratio: ITX is expensive based on its Price-To-Sales Ratio (11.1x) compared to the estimated Fair Price-To-Sales Ratio (3.6x).


Share Price vs Fair Value

What is the Fair Price of ITX when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate ITX's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate ITX's fair value for valuation analysis.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


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Future Growth

How is Itaconix forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

Future Growth Score

5/6

Future Growth Score 5/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


45.8%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ITX is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (0.9%).

Earnings vs Market: ITX is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: ITX is expected to become profitable in the next 3 years.

Revenue vs Market: ITX's revenue (42.5% per year) is forecast to grow faster than the UK market (4.6% per year).

High Growth Revenue: ITX's revenue (42.5% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if ITX's Return on Equity is forecast to be high in 3 years time


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Past Performance

How has Itaconix performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


44.0%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: ITX is currently unprofitable.

Growing Profit Margin: ITX is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: ITX is unprofitable, but has reduced losses over the past 5 years at a rate of 44% per year.

Accelerating Growth: Unable to compare ITX's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: ITX is unprofitable, making it difficult to compare its past year earnings growth to the Chemicals industry (-17.8%).


Return on Equity

High ROE: ITX has a negative Return on Equity (-70.11%), as it is currently unprofitable.


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Financial Health

How is Itaconix's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Stable Cash Runway

  • Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: ITX's short term assets ($2.3M) exceed its short term liabilities ($1.2M).

Long Term Liabilities: ITX's short term assets ($2.3M) exceed its long term liabilities ($1.5M).


Debt to Equity History and Analysis

Debt Level: ITX is debt free.

Reducing Debt: ITX had no debt 5 years ago.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: ITX has sufficient cash runway for 4 months based on last reported free cash flow, but has since raised additional capital.

Forecast Cash Runway: ITX has sufficient cash runway for more than 3 years if free cash flow continues to grow at historical rates of 22% each year


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Dividend

What is Itaconix current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage

Dividend Yield vs Market

Notable Dividend: Unable to evaluate ITX's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate ITX's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if ITX's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if ITX's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as ITX has not reported any payouts.


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Management

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

2.9yrs

Average management tenure


CEO

John Shaw (62 yo)

4.08yrs

Tenure

US$244,000

Compensation

Mr. John Roger Shaw has been Chief Executive Officer of Itaconix PLC since July 12, 2018 and serves as its Director since November 2018. He served as President of Itaconix US of Itaconix PLC until July 12,...


CEO Compensation Analysis

Compensation vs Market: Insufficient data to establish whether John's total compensation is reasonable compared to companies of similar size in the UK market.

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


Leadership Team

Experienced Management: ITX's management team is considered experienced (2.9 years average tenure).


Board Members

Experienced Board: ITX's board of directors are not considered experienced ( 0.3 years average tenure), which suggests a new board.


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

Itaconix plc's employee growth, exchange listings and data sources


Key Information

  • Name: Itaconix plc
  • Ticker: ITX
  • Exchange: AIM
  • Founded: 2012
  • Industry: Commodity Chemicals
  • Sector: Materials
  • Implied Market Cap: UK£23.857m
  • Shares outstanding: 450.13m
  • Website: https://www.itaconix.com

Number of Employees


Location

  • Itaconix plc
  • 2 Marin Way
  • Unit 1
  • Stratham
  • New Hampshire
  • 3885
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/17 00:00
End of Day Share Price2022/08/17 00:00
Earnings2021/12/31
Annual Earnings2021/12/31


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.