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 proven track record.

Risks

  • Immsi is not covered by any analysts.

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

0.8%

BIT:IMS

-1.0%

IT Auto

0.0007%

IT Market


1 Year Return

15.3%

BIT:IMS

-14.9%

IT Auto

0.6%

IT Market

IMS outperformed the Auto industry which returned -14.7% over the past year.

IMS outperformed the Market in Italy which returned 2.1% over the past year.


Share holder returns

IMSIndustryMarket
7 Day0.8%-1.0%0.0007%
30 Day4.1%13.4%6.2%
90 Day15.7%4.6%2.4%
1 Year15.3%15.3%-2.0%-14.9%5.0%0.6%
3 Year58.9%58.9%141.8%108.8%30.8%12.7%
5 Year4.5%0.7%13.8%-3.5%12.7%-31.5%

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 based on future cash flows and its price relative to the stock market?

>50%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

Immsi's share price is below the future cash flow value, and at a moderate discount (> 20%).

Immsi's share price is below the future cash flow value, and at a substantial discount (> 40%).


Price Based on Earnings

Immsi is overvalued based on earnings compared to the Europe Auto industry average.

Immsi is good value based on earnings compared to the Italy market.


Price Based on Expected Growth

Unable to calculate PEG ratio for Immsi, we can't assess if its growth is good value.


Price Based on Value of Assets

Immsi is good value based on assets compared to the IT Auto industry average.


Next Steps

Future Growth

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

22.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Unable to determine if Immsi is high growth as no revenue estimate data is available.

Immsi's earnings are expected to grow significantly at over 20% yearly.

Unable to compare Immsi's revenue growth to the Italy market average as no estimate data is available.

Immsi's earnings growth is expected to exceed the Italy market average.

Immsi's earnings growth is expected to exceed the low risk savings rate of 2.9%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if Immsi will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

How has Immsi performed over the past 5 years?

72.6%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Immsi has delivered over 20% year on year earnings growth in the past 5 years.

Immsi's 1-year earnings growth exceeds its 5-year average (145.5% vs 72.6%)

Immsi's earnings growth has exceeded the Europe Auto industry average in the past year (145.5% vs 12.9%).


Return on Equity

Immsi has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Immsi used its assets less efficiently than the Europe Auto industry average last year based on Return on Assets.


Return on Capital Employed

Immsi has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is Immsi's financial position?


Financial Position Analysis

Immsi's short term (1 year) commitments are greater than its holdings of cash and other short term assets.

Immsi's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

Immsi's level of debt (274.2%) compared to net worth is high (greater than 40%).

The level of debt compared to net worth has increased over the past 5 years (201.1% vs 274.2% today).

Debt is not well covered by operating cash flow (16%, less than 20% of total debt).

Interest payments on debt are not well covered by earnings (EBIT is 2.7x annual interest expense, ideally 3x coverage).


Balance Sheet

High level of physical assets or inventory.

Debt is not covered by short term assets, assets are 0.7x debt.


Next Steps

Dividend

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


Dividend Yield and Payments Analysis

Unable to evaluate Immsi's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.

Unable to evaluate Immsi's dividend against the top 25% market benchmark as the company has not reported any payouts.

Unable to perform a dividend volatility check as Immsi has not reported any payouts.

Unable to verify if Immsi's dividend has been increasing as the company has not reported any payouts.


Current Payout to Shareholders

Unable to calculate sustainability of dividends as Immsi has not reported any payouts.


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


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)

4.3yrs

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

Michele's remuneration is higher than average for companies of similar size in Italy.

Michele's compensation has been consistent with company performance over the past year, both up more than 20%.


Board Age and Tenure

11.0yrs

Average Tenure

59yo

Average Age

The average tenure for the Immsi board of directors is over 10 years, this suggests they are a seasoned and experienced board.


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • Michele Colaninno (43yo)

    CEO, GM

    • Tenure: 4.3yrs
    • Compensation: €691.20k
  • Andrea Paroli

    Financial Reporting Manager & Investor Relations Manager

    • Tenure: 0yrs

Board Members

  • Ruggero Magnoni (68yo)

    Director

    • Tenure: 9.1yrs
    • Compensation: €40.00k
  • Marco Reboa (64yo)

    Chairman of Supervisory Board

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

    Chairman

    • Tenure: 13.3yrs
    • 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: 16.7yrs
    • Compensation: €40.00k
  • Daniele Discepolo (72yo)

    Vice Chairman & Lead Independent Director

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

    CEO, GM

    • Tenure: 4.3yrs
    • Compensation: €691.20k
  • Maurizio Strozzi

    Internal Audit Department Manager & Member of Supervisory board

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

    Non-Executive Independent Director

    • Tenure: 7.3yrs
    • Compensation: €45.00k
  • Patrizia Pasquale (58yo)

    Director

    • Tenure: 4.3yrs
    • 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: €205.680m
  • 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 Analysis2019/09/16 20:56
End of Day Share Price2019/09/16 00:00
Earnings2019/03/31
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.