company background image
IMCD

IMCDENXTAM:IMCD Stock Report

Market Cap

€11.3b

7D

-2.7%

1Y

92.3%

Updated

26 Nov, 2021

Data

Company Financials +
IMCD fundamental analysis
Snowflake Score
Valuation0/6
Future Growth2/6
Past Performance4/6
Financial Health4/6
Dividends0/6

IMCD Stock Overview

IMCD N.V. distributes, markets, and sells specialty chemicals and ingredients in the Netherlands, rest of Europe, the Middle East, Africa, North America, South America, and the Asia-Pacific.

IMCD Competitors

Brenntag

XTRA:BNR

€12.0b

Azelis Group

ENXTBR:AZE

€5.8b

DKSH Holding

SWX:DKSH

CHF4.8b

Univar Solutions

NYSE:UNVR

US$4.6b

Price History & Performance

Summary of all time highs, changes and price drops for IMCD
Historical stock prices
Current Share Price€198.35
52 Week High€209.80
52 Week Low€100.10
Beta0.92
1 Month Change2.83%
3 Month Change20.87%
1 Year Change92.29%
3 Year Change239.64%
5 Year Change435.86%
Change since IPO786.68%

Recent News & Updates

Nov 12
Do IMCD's (AMS:IMCD) Earnings Warrant Your Attention?

Do IMCD's (AMS:IMCD) Earnings Warrant Your Attention?

Like a puppy chasing its tail, some new investors often chase 'the next big thing', even if that means buying 'story...

Oct 30
We Think IMCD (AMS:IMCD) Can Manage Its Debt With Ease

We Think IMCD (AMS:IMCD) Can Manage Its Debt With Ease

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...

Oct 17
Should You Investigate IMCD N.V. (AMS:IMCD) At €186?

Should You Investigate IMCD N.V. (AMS:IMCD) At €186?

Today we're going to take a look at the well-established IMCD N.V. ( AMS:IMCD ). The company's stock received a lot of...

Oct 03
IMCD N.V. (AMS:IMCD) Shares Could Be 24% Above Their Intrinsic Value Estimate

IMCD N.V. (AMS:IMCD) Shares Could Be 24% Above Their Intrinsic Value Estimate

In this article we are going to estimate the intrinsic value of IMCD N.V. ( AMS:IMCD ) by taking the expected future...

Aug 11
With EPS Growth And More, IMCD (AMS:IMCD) Is Interesting

With EPS Growth And More, IMCD (AMS:IMCD) Is Interesting

It's only natural that many investors, especially those who are new to the game, prefer to buy shares in 'sexy' stocks...

Shareholder Returns

IMCDNL Trade DistributorsNL Market
7D-2.7%-4.0%-6.1%
1Y92.3%52.5%17.1%

Return vs Industry: IMCD exceeded the Dutch Trade Distributors industry which returned 52.5% over the past year.

Return vs Market: IMCD exceeded the Dutch Market which returned 17.1% over the past year.

Price Volatility

Is IMCD's price volatile compared to industry and market?
IMCD volatility
IMCD Average Weekly Movement2.8%
Trade Distributors Industry Average Movement4.8%
Market Average Movement3.9%
10% most volatile stocks in NL Market6.4%
10% least volatile stocks in NL Market2.3%

Stable Share Price: IMCD is less volatile than 75% of Dutch stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: IMCD's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19953,516Piet van der Slikkehttps://www.imcdgroup.com

IMCD N.V. distributes, markets, and sells specialty chemicals and ingredients in the Netherlands, rest of Europe, the Middle East, Africa, North America, South America, and the Asia-Pacific. The company offers surfactants and biocides; active pharmaceutical and nutraceutical ingredients, and excipients and specialty solvents; actives, emollients, rheology modifiers, emulsifiers, and decorative powders; and resins and binders, additives, pigments, and specialty solvents. It also provides texturants, proteins, flavors and colors, enzymes and cultures, natural fibers, and nutrition ingredients; synthetic base oils, specialty additive packages and components, purification media and catalysts, and process liquids; catalysts, and building blocks; adhesives solution, and polymers and specialty compounds; functional additives, fillers, and reinforcements; and resins and advanced composites, and pigments.

IMCD Fundamentals Summary

How do IMCD's earnings and revenue compare to its market cap?
IMCD fundamental statistics
Market Cap€11.29b
Earnings (TTM)€162.17m
Revenue (TTM)€3.06b

69.6x

P/E Ratio

3.7x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
IMCD income statement (TTM)
Revenue€3.06b
Cost of Revenue€2.31b
Gross Profit€748.31m
Expenses€586.14m
Earnings€162.17m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

Feb 25, 2022

Earnings per share (EPS)2.85
Gross Margin24.45%
Net Profit Margin5.30%
Debt/Equity Ratio71.9%

How did IMCD perform over the long term?

See historical performance and comparison

Dividends

0.5%

Current Dividend Yield

35%

Payout Ratio

Valuation

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

69.59x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: IMCD (€198.35) is trading above our estimate of fair value (€108.01)

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


Price To Earnings Ratio

PE vs Industry: IMCD is poor value based on its PE Ratio (69.6x) compared to the European Trade Distributors industry average (15.9x).

PE vs Market: IMCD is poor value based on its PE Ratio (69.6x) compared to the Dutch market (21.2x).


Price to Earnings Growth Ratio

PEG Ratio: IMCD is poor value based on its PEG Ratio (9x)


Price to Book Ratio

PB vs Industry: IMCD is overvalued based on its PB Ratio (8.5x) compared to the XE Trade Distributors industry average (1.7x).


Future Growth

How is IMCD forecast to perform in the next 1 to 3 years based on estimates from 10 analysts?

7.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: IMCD's forecast earnings growth (7.7% per year) is above the savings rate (0.09%).

Earnings vs Market: IMCD's earnings (7.7% per year) are forecast to grow faster than the Dutch market (5.7% per year).

High Growth Earnings: IMCD's earnings are forecast to grow, but not significantly.

Revenue vs Market: IMCD's revenue (7.2% per year) is forecast to grow slower than the Dutch market (9.8% per year).

High Growth Revenue: IMCD's revenue (7.2% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: IMCD's Return on Equity is forecast to be low in 3 years time (15.1%).


Past Performance

How has IMCD performed over the past 5 years?

14.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: IMCD has high quality earnings.

Growing Profit Margin: IMCD's current net profit margins (5.3%) are higher than last year (4%).


Past Earnings Growth Analysis

Earnings Trend: IMCD's earnings have grown by 14.9% per year over the past 5 years.

Accelerating Growth: IMCD's earnings growth over the past year (50.4%) exceeds its 5-year average (14.9% per year).

Earnings vs Industry: IMCD earnings growth over the past year (50.4%) underperformed the Trade Distributors industry 50.6%.


Return on Equity

High ROE: IMCD's Return on Equity (12.2%) is considered low.


Financial Health

How is IMCD's financial position?


Financial Position Analysis

Short Term Liabilities: IMCD's short term assets (€1.2B) exceed its short term liabilities (€949.1M).

Long Term Liabilities: IMCD's short term assets (€1.2B) exceed its long term liabilities (€669.0M).


Debt to Equity History and Analysis

Debt Level: IMCD's net debt to equity ratio (61.5%) is considered high.

Reducing Debt: IMCD's debt to equity ratio has increased from 70.9% to 71.9% over the past 5 years.

Debt Coverage: IMCD's debt is well covered by operating cash flow (29.3%).

Interest Coverage: IMCD's interest payments on its debt are well covered by EBIT (13.8x coverage).


Balance Sheet


Dividend

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

0.51%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: IMCD's dividend (0.51%) isn’t notable compared to the bottom 25% of dividend payers in the Dutch market (1.47%).

High Dividend: IMCD's dividend (0.51%) is low compared to the top 25% of dividend payers in the Dutch market (4.55%).


Stability and Growth of Payments

Stable Dividend: IMCD is not paying a notable dividend for the Dutch market, therefore no need to check if payments are stable.

Growing Dividend: IMCD is not paying a notable dividend for the Dutch market, therefore no need to check if payments are increasing.


Current Payout to Shareholders

Dividend Coverage: IMCD is not paying a notable dividend for the Dutch market.


Future Payout to Shareholders

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


Next Steps

Management

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

25.8yrs

Average management tenure


CEO

Piet van der Slikke (65 yo)

26.83yrs

Tenure

€2,186,000

Compensation

Mr. Pieter C. J. van der Slikke, also known as Piet, has been Chief Executive Officer and Member of Management Board of IMCD N.V. since 1995. Mr. van der Slikke serves as the Chief Executive Officer at IMC...


CEO Compensation Analysis

Compensation vs Market: Piet's total compensation ($USD2.47M) is about average for companies of similar size in the Dutch market ($USD2.98M).

Compensation vs Earnings: Piet's compensation has increased by more than 20% in the past year.


Leadership Team

Experienced Management: IMCD's management team is seasoned and experienced (25.8 years average tenure).


Board Members

Experienced Board: IMCD's board of directors are not considered experienced ( 1.4 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

IMCD N.V.'s employee growth, exchange listings and data sources


Key Information

  • Name: IMCD N.V.
  • Ticker: IMCD
  • Exchange: ENXTAM
  • Founded: 1995
  • Industry: Trading Companies and Distributors
  • Sector: Capital Goods
  • Market Cap: €11.286b
  • Shares outstanding: 56.90m
  • Website: https://www.imcdgroup.com

Number of Employees


Location

  • IMCD N.V.
  • Wilhelminaplein 32
  • Rotterdam
  • Zuid-Holland
  • 3072 DE
  • Netherlands

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/11/26 21:30
End of Day Share Price2021/11/26 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.