BIT:IMA

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I.M.A. Industria Macchine Automatiche

Executive Summary

I.M.A. Industria Macchine Automatiche S.p.A. More Details


Snowflake Analysis

Adequate balance sheet with proven track record.

Share Price & News

How has I.M.A. Industria Macchine Automatiche's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: IMA has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0%

IMA

-0.3%

IT Machinery

-0.9%

IT Market


1 Year Return

4.8%

IMA

-7.3%

IT Machinery

-12.3%

IT Market

Return vs Industry: IMA exceeded the Italian Machinery industry which returned -7.3% over the past year.

Return vs Market: IMA exceeded the Italian Market which returned -12.3% over the past year.


Shareholder returns

IMAIndustryMarket
7 Day0%-0.3%-0.9%
30 Day0.4%2.2%-0.5%
90 Day19.8%8.9%-1.4%
1 Year4.8%4.8%-6.9%-7.3%-10.2%-12.3%
3 Year-11.2%-15.5%-23.1%-25.6%-9.9%-18.1%
5 Year89.3%72.1%50.5%42.0%1.8%-29.9%

Price Volatility Vs. Market

How volatile is I.M.A. Industria Macchine Automatiche's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is I.M.A. Industria Macchine Automatiche undervalued compared to its fair value and its price relative to the market?

18.18x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: IMA (€67.4) is trading above our estimate of fair value (€38.71)

Significantly Below Fair Value: IMA is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: IMA is poor value based on its PE Ratio (18.2x) compared to the IT Machinery industry average (15.2x).

PE vs Market: IMA is poor value based on its PE Ratio (18.2x) compared to the Italian market (17.2x).


Price to Earnings Growth Ratio

PEG Ratio: IMA's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: IMA is overvalued based on its PB Ratio (5.8x) compared to the IT Machinery industry average (1.2x).


Next Steps

Future Growth

How is I.M.A. Industria Macchine Automatiche forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

-1.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: IMA's earnings are forecast to decline over the next 3 years (-1.1% per year).

Earnings vs Market: IMA's earnings are forecast to decline over the next 3 years (-1.1% per year).

High Growth Earnings: IMA's earnings are forecast to decline over the next 3 years.

Revenue vs Market: IMA's revenue (5.4% per year) is forecast to grow faster than the Italian market (3.6% per year).

High Growth Revenue: IMA's revenue (5.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: IMA's Return on Equity is forecast to be high in 3 years time (21.7%)


Next Steps

Past Performance

How has I.M.A. Industria Macchine Automatiche performed over the past 5 years?

19.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: IMA has a large one-off gain of €45.4M impacting its June 30 2020 financial results.

Growing Profit Margin: IMA's current net profit margins (10%) are higher than last year (7%).


Past Earnings Growth Analysis

Earnings Trend: IMA's earnings have grown by 19% per year over the past 5 years.

Accelerating Growth: IMA's earnings growth over the past year (43.7%) exceeds its 5-year average (19% per year).

Earnings vs Industry: IMA earnings growth over the past year (43.7%) exceeded the Machinery industry -27.2%.


Return on Equity

High ROE: Whilst IMA's Return on Equity (29.6%) is high, this metric is skewed due to their high level of debt.


Next Steps

Financial Health

How is I.M.A. Industria Macchine Automatiche's financial position?


Financial Position Analysis

Short Term Liabilities: IMA's short term assets (€1.1B) exceed its short term liabilities (€1.1B).

Long Term Liabilities: IMA's short term assets (€1.1B) exceed its long term liabilities (€864.1M).


Debt to Equity History and Analysis

Debt Level: IMA's debt to equity ratio (153.3%) is considered high.

Reducing Debt: IMA's debt to equity ratio has reduced from 319.1% to 153.3% over the past 5 years.

Debt Coverage: IMA's debt is not well covered by operating cash flow (17.8%).

Interest Coverage: IMA's interest payments on its debt are well covered by EBIT (11.8x coverage).


Balance Sheet


Next Steps

Dividend

What is I.M.A. Industria Macchine Automatiche current dividend yield, its reliability and sustainability?

3.28%

Forecast Dividend Yield


Dividend Yield vs Market

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

High Dividend: Unable to evaluate IMA'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 IMA's dividends per share have been stable in the past.

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


Current Payout to Shareholders

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


Future Payout to Shareholders

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


Next Steps

Management

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

10.7yrs

Average board tenure


CEO

Alberto Vacchi (56 yo)

no data

Tenure

€2,076,830

Compensation

Mr. Alberto Vacchi serves as Chief Executive Officer at I.M.A. Industria Macchine Automatiche S.p.A. and has been its Managing Director since 1996. Mr. Vacchi Delegated powers at Ima - Industria Macchine A ...


CEO Compensation Analysis

Compensation vs Market: Alberto's total compensation ($USD0.00) is below average for companies of similar size in the Italian market ($USD1.76M).

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


Board Members

NamePositionTenureCompensationOwnership
Alberto Vacchi
Chairmanno data€2.08mno data
Andrea Malagoli
Non-executive Directorno data€1.67mno data
Giovanni Pecchioli
COO & Director5.67yrsno datano data
Luca Poggi
Non-Executive Director10.67yrs€1.40mno data
Gianluca Vacchi
Non-Executive Director10.67yrs€20.00kno data
Marco Vacchi
Honorary Chairman13.25yrs€20.00kno data
Maria Schiavina
Non-Executive Director10.67yrs€35.00kno data
Paolo Frugoni
Lead Independent Directorno data€20.00kno data
Rita Rolli
Independent Directorno datano datano data
Stefano Cataudella
Non-Executive Directorno datano datano data
Francesco Panni
Chairman of Board of Auditors4.33yrsno datano data
Cesare Conti
Independent Director2.67yrsno datano data

10.7yrs

Average Tenure

59yo

Average Age

Experienced Board: IMA's board of directors are seasoned and experienced ( 10.7 years average tenure).


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 been diluted in the past year, with total shares outstanding growing by 10.1%.


Top Shareholders

Company Information

I.M.A. Industria Macchine Automatiche S.p.A.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: I.M.A. Industria Macchine Automatiche S.p.A.
  • Ticker: IMA
  • Exchange: BIT
  • Founded: 1961
  • Industry: Industrial Machinery
  • Sector: Capital Goods
  • Market Cap: €2.905b
  • Shares outstanding: 43.11m
  • Website: https://www.ima.it

Number of Employees


Location

  • I.M.A. Industria Macchine Automatiche S.p.A.
  • Via Emilia, 428/442
  • Ozzano Dell'emilia
  • Bologna
  • 40064
  • Italy

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
IMABIT (Borsa Italiana)YesCommon StockITEURJun 1995
0LD1LSE (London Stock Exchange)YesCommon StockGBEURJun 1995
IMCU.FOTCPK (Pink Sheets LLC)YesCommon StockUSUSDJun 1995
IMAMBATS-CHIXE (BATS 'Chi-X Europe')YesCommon StockGBEURJun 1995
12MDB (Deutsche Boerse AG)YesCommon StockDEEURJun 1995

Biography

I.M.A. Industria Macchine Automatiche S.p.A. designs, manufactures, and sells automatic machines for the processing and packaging of pharmaceuticals, cosmetics, tea, coffee, tobacco, and other food product ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/09/22 03:42
End of Day Share Price2020/09/21 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.