BIT:IMS

Stock Analysis Report

Executive Summary

Immsi S.p.A. operates in property and holding, industrial, and marine sectors in Italy, India, the United States, and internationally.

Snowflake

Fundamentals

Good value with moderate growth potential.

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

1.8%

IMS

-1.1%

IT Auto

0.6%

IT Market


1 Year Return

40.4%

IMS

-12.8%

IT Auto

15.3%

IT Market

Return vs Industry: IMS exceeded the Italian Auto industry which returned -12.8% over the past year.

Return vs Market: IMS exceeded the Italian Market which returned 15.3% over the past year.


Shareholder returns

IMSIndustryMarket
7 Day1.8%-1.1%0.6%
30 Day-6.5%-3.3%1.0%
90 Day-10.1%-5.1%1.0%
1 Year40.4%40.4%0.6%-12.8%20.6%15.3%
3 Year48.6%48.6%128.1%96.7%27.0%8.2%
5 Year22.0%17.5%23.4%4.6%21.3%-26.1%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: IMS (€0.57) is trading below our estimate of fair value (€1.98)

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


Price To Earnings Ratio

PE vs Industry: IMS is poor value based on its PE Ratio (13.7x) compared to the Auto industry average (8.7x).

PE vs Market: IMS is good value based on its PE Ratio (13.7x) compared to the Italian market (17.8x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate IMS's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: IMS is good value based on its PB Ratio (0.8x) compared to the IT Auto industry average (1.3x).


Next Steps

Future Growth

How is Immsi forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

21.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: IMS's forecast earnings growth (21% per year) is above the savings rate (2.9%).

Earnings vs Market: IMS's earnings (21% per year) are forecast to grow faster than the Italian market (8.4% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: Insufficient data to determine if IMS's revenue is forecast to grow faster than the Italian market.

High Growth Revenue: Insufficient data to determine if IMS's revenue 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 IMS's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Immsi performed over the past 5 years?

78.9%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: IMS has become profitable over the past 5 years, growing earnings by 78.9% per year.

Accelerating Growth: IMS's earnings growth over the past year (71.7%) is below its 5-year average (78.9% per year).

Earnings vs Industry: IMS earnings growth over the past year (71.7%) exceeded the Auto industry 17.2%.


Return on Equity

High ROE: IMS's Return on Equity (7.4%) is considered low.


Return on Assets

ROA vs Industry: IMS's Return on Assets is below or equal to the Auto industry average last year.


Return on Capital Employed

ROCE Improving: IMS has significantly improved its Return on Capital Employed over the past 3 years.


Next Steps

Financial Health

How is Immsi's financial position?


Financial Position Analysis

Short Term Liabilities: IMS's short term assets (€794.2M) do not cover its short term liabilities (€1.2B)

Long Term Liabilities: IMS's short term assets (794.2M) exceeds its long term liabilities (671.5M)


Debt to Equity History and Analysis

Debt Level: IMS's debt to equity ratio (255.8%) is considered high

Reducing Debt: IMS's debt to equity ratio has increased from 206.5% to 255.8% over the past 5 years.

Debt Coverage: IMS's debt is not well covered by operating cash flow (18%).

Interest Coverage: IMS's interest payments on its debt are well covered by EBIT (3.3x coverage).


Balance Sheet

Inventory Level: IMS has a high level of physical assets or inventory.

Debt Coverage by Assets: IMS's debt is not covered by short term assets (assets are 0.8x debt).


Next Steps

Dividend

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


Dividend Yield vs Market

company0%marketbottom25%2.1%markettop25%4.4%industryaverage4.5%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

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

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

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

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


Current Payout to Shareholders

Dividend Coverage: IMS is not paying a notable dividend for the Italian market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of IMS's dividend in 3 years as they are not forecast to pay a notable one for the Italian market.


Next Steps

Management

What is the CEO of Immsi's salary, the management and board of directors tenure and is there insider trading?

11.0yrs

Average board tenure


CEO

Michele Colaninno (43yo)

4.4yrs

Tenure

€691,200

Compensation

Mr. Michele Colaninno has been the Chief Executive Officer of Immsi SpA since May 13, 2015 and has been its Managing Director since 2010 and also serves as its Internal Control and Risk Management System D ...


CEO Compensation Analysis

Compensation vs. Market: Michele's total compensation ($USD0.00) is too low to compare against companies of similar size in the Italian market ($USD0.00).

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


Board Age and Tenure

11.0yrs

Average Tenure

59yo

Average Age

Experienced Board: IMS's board of directors are seasoned and experienced ( 11 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown


Management Team

  • Michele Colaninno (43yo)

    CEO, GM

    • Tenure: 4.4yrs
    • Compensation: €691.20k
  • Andrea Paroli

    Financial Reporting Manager & Investor Relations Manager

    • Tenure: 0yrs

Board Members

  • Ruggero Magnoni (68yo)

    Director

    • Tenure: 9.2yrs
    • Compensation: €40.00k
  • Marco Reboa (64yo)

    Chairman of Supervisory Board

    • Tenure: 0yrs
    • Compensation: €42.92k
  • Roberto Colaninno (76yo)

    Chairman

    • Tenure: 13.4yrs
    • Compensation: €890.00k
  • Alessandro Lai (59yo)

    Chairman of the Board of Statutory Auditors & Member of Supervisory board

    • Tenure: 0yrs
    • Compensation: €56.61k
  • Matteo Colaninno (49yo)

    Director

    • Tenure: 16.8yrs
    • Compensation: €40.00k
  • Daniele Discepolo (72yo)

    Vice Chairman & Lead Independent Director

    • Tenure: 0yrs
    • Compensation: €31.92k
  • Michele Colaninno (43yo)

    CEO, GM

    • Tenure: 4.4yrs
    • Compensation: €691.20k
  • Maurizio Strozzi

    Internal Audit Department Manager & Member of Supervisory board

    • Tenure: 0yrs
  • Rita Ciccone (59yo)

    Non-Executive Independent Director

    • Tenure: 7.4yrs
    • Compensation: €45.00k
  • Patrizia Pasquale (58yo)

    Director

    • Tenure: 4.4yrs
    • Compensation: €25.53k

Company Information

Immsi S.p.A.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Immsi S.p.A.
  • Ticker: IMS
  • Exchange: BIT
  • Founded: 2000
  • Industry: Motorcycle Manufacturers
  • Sector: Automobiles
  • Market Cap: €194.783m
  • Shares outstanding: 340.53m
  • Website: https://www.immsi.it

Number of Employees


Location

  • Immsi S.p.A.
  • P.zza Vilfredo Pareto
  • 3 Centro Direzionale Boma
  • Mantova
  • Mantova
  • 46100
  • Italy

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
IMYDB (Deutsche Boerse AG)YesCommon StockDEEURFeb 2000
IMSBIT (Borsa Italiana)YesCommon StockITEURFeb 2000
0O2XLSE (London Stock Exchange)YesCommon StockGBEURFeb 2000
IMSMBATS-CHIXE (BATS 'Chi-X Europe')YesCommon StockGBEURFeb 2000

Biography

Immsi S.p.A. operates in property and holding, industrial, and marine sectors in Italy, India, the United States, and internationally. It operates a tourist and holiday resort; and manages a building in Ro ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/22 20:44
End of Day Share Price2019/10/22 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.