Immsi S.p.A. operates in property and holding, industrial, and marine sectors in Italy, India, the United States, and internationally.
Fair value with questionable track record.
Share Price & News
How has Immsi's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: IMS's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: IMS exceeded the Italian Auto industry which returned -54.1% over the past year.
Return vs Market: IMS underperformed the Italian Market which returned -26.1% over the past year.
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
2 weeks ago | Simply Wall StDid You Manage To Avoid Immsi's (BIT:IMS) Painful 54% Share Price Drop?
1 month ago | Simply Wall StIs Immsi S.p.A. (BIT:IMS) Investing Effectively In Its Business?
2 months ago | Simply Wall StThese 4 Measures Indicate That Immsi (BIT:IMS) Is Using Debt Extensively
Is Immsi 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: IMS (€0.32) is trading below our estimate of fair value (€2.92)
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 (8.3x).
PE vs Market: IMS is poor value based on its PE Ratio (13.7x) compared to the Italian market (12.7x).
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 (0.5x) compared to the IT Auto industry average (0.9x).
How is Immsi forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Forecasted Automobiles 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 Immsi 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.
- Examine whether Immsi is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
- Immsi competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Automobiles industry.
How has Immsi performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: IMS has high quality earnings.
Growing Profit Margin: IMS's current net profit margins (0.5%) are lower than last year (0.9%).
Past Earnings Growth Analysis
Earnings Trend: IMS has become profitable over the past 5 years, growing earnings by 80.4% per year.
Accelerating Growth: IMS's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: IMS had negative earnings growth (-38.7%) over the past year, making it difficult to compare to the Auto industry average (-10%).
Return on Equity
High ROE: IMS's Return on Equity (6.1%) is considered low.
How is Immsi's financial position?
Financial Position Analysis
Short Term Liabilities: IMS's short term assets (€734.8M) do not cover its short term liabilities (€1.1B).
Long Term Liabilities: IMS's short term assets (€734.8M) exceed its long term liabilities (€632.6M).
Debt to Equity History and Analysis
Debt Level: IMS's debt to equity ratio (270.3%) is considered high.
Reducing Debt: IMS's debt to equity ratio has increased from 232.2% to 270.3% over the past 5 years.
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 0.7x debt).
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: IMS is profitable, therefore cash runway is not a concern.
Forecast Cash Runway: IMS is profitable, therefore cash runway is not a concern.
What is Immsi's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
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.
Stability and Growth of Payments
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.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Michele Colaninno (43yo)
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 ($USD0.00) is below average for companies of similar size in the Italian market ($USD350.57K).
Compensation vs Earnings: Michele's compensation has been consistent with company performance over the past year.
|CEO, GM||4.92yrs||€691.20k||no data|
|Chairman of Supervisory Board||no data||€42.92k||no data|
|Chairman of the Board of Statutory Auditors & Member of Supervisory board||no data||€56.61k||no data|
|Vice Chairman & Lead Independent Director||no data||€31.92k||no data|
|Internal Audit Department Manager & Member of Supervisory board||no data||no data||no data|
|Non-Executive Independent Director||7.92yrs||€45.00k||no data|
Experienced Board: IMS's board of directors are seasoned and experienced ( 11.5 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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Immsi S.p.A.'s company bio, employee growth, exchange listings and data sources
- Name: Immsi S.p.A.
- Ticker: IMS
- Exchange: BIT
- Founded: 2000
- Industry: Motorcycle Manufacturers
- Sector: Automobiles
- Market Cap: €108.629m
- Shares outstanding: 340.53m
- Website: https://www.immsi.it
Number of Employees
- Immsi S.p.A.
- P.zza Vilfredo Pareto
- 3 Centro Direzionale Boma
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|IMY||DB (Deutsche Boerse AG)||Yes||Common Stock||DE||EUR||Feb 2000|
|IMS||BIT (Borsa Italiana)||Yes||Common Stock||IT||EUR||Feb 2000|
|0O2X||LSE (London Stock Exchange)||Yes||Common Stock||GB||EUR||Feb 2000|
|IMSM||BATS-CHIXE (BATS 'Chi-X Europe')||Yes||Common Stock||GB||EUR||Feb 2000|
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 Rome, as well as invests in real estate development projects. The company also manufactures two-wheeled motor vehicles, including scooters, mopeds, and motorcycles under the Piaggio, Vespa, Gilera, Aprilia, Moto Guzzi, Derbi, and Scarabeo brands; and three-and four-wheeled light transport vehicles under the Ape, Porter, and Quargo names, as well as offers engines, spare parts, and accessories. In addition, it constructs high speed ships, such as hydrofoils and fast ferries comprising mono-hulls and catamarans, yachts, and mine-hunters and fast patrol boats for military marines. The company was founded in 2000 and is based in Mantova, Italy.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/04/05 20:53|
|End of Day Share Price||2020/04/03 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.