Market Cap
€6.0b
Last Updated
2020/11/30 20:30 UTC
Data Sources
Company Financials +
Executive Summary
IMCD N.V. markets, sells, and distributes specialty chemicals, and pharmaceutical and food ingredients in Europe, Turkey, Africa, the Asia-Pacific, and the Americas. More Details
Rewards
Risk Analysis
Snowflake Analysis
Adequate balance sheet with questionable track record.
Share Price & News
How has IMCD's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: IMCD is less volatile than 75% of Dutch stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: IMCD's weekly volatility (4%) has been stable over the past year.
Market Performance
7 Day Return
3.2%
IMCD
0.04%
NL Trade Distributors
2.2%
NL Market
1 Year Return
42.0%
IMCD
18.1%
NL Trade Distributors
0.2%
NL Market
Return vs Industry: IMCD exceeded the Dutch Trade Distributors industry which returned 18.1% over the past year.
Return vs Market: IMCD exceeded the Dutch Market which returned 0.2% over the past year.
Shareholder returns
| IMCD | Industry | Market | |
|---|---|---|---|
| 7 Day | 3.2% | 0.04% | 2.2% |
| 30 Day | 5.5% | 9.2% | 14.8% |
| 90 Day | 16.9% | 9.9% | 12.0% |
| 1 Year | 43.6%42.0% | 19.7%18.1% | 2.6%0.2% |
| 3 Year | 102.7%96.0% | 41.3%31.4% | 10.3%-0.9% |
| 5 Year | 227.5%209.4% | 87.2%65.2% | 43.8%18.0% |
Long-Term Price Volatility Vs. Market
How volatile is IMCD's share price compared to the market and industry in the last 5 years?
Simply Wall St News
14 hours ago | Simply Wall St
What You Need To Know About IMCD N.V.'s (AMS:IMCD) Investor Composition1 week ago | Simply Wall St
Is IMCD N.V. (AMS:IMCD) Potentially Undervalued?3 weeks ago | Simply Wall St
How Many IMCD N.V. (AMS:IMCD) Shares Have Insiders Sold, In The Last Year?Valuation
Is IMCD undervalued compared to its fair value and its price relative to the market?
51.07x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: IMCD (€103.15) is trading above our estimate of fair value (€69.23)
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 (50.2x) compared to the XE Trade Distributors industry average (18.5x).
PE vs Market: IMCD is poor value based on its PE Ratio (50.2x) compared to the Dutch market (24.3x).
Price to Earnings Growth Ratio
PEG Ratio: IMCD is poor value based on its PEG Ratio (3.7x)
Price to Book Ratio
PB vs Industry: IMCD is overvalued based on its PB Ratio (6.4x) compared to the XE Trade Distributors industry average (1.4x).
Next Steps
Future Growth
How is IMCD forecast to perform in the next 1 to 3 years based on estimates from 10 analysts?
13.5%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: IMCD's forecast earnings growth (13.5% per year) is above the savings rate (0.4%).
Earnings vs Market: IMCD's earnings (13.5% per year) are forecast to grow slower than the Dutch market (28.3% per year).
High Growth Earnings: IMCD's earnings are forecast to grow, but not significantly.
Revenue vs Market: IMCD's revenue (6.8% per year) is forecast to grow slower than the Dutch market (9.9% per year).
High Growth Revenue: IMCD's revenue (6.8% 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 (13.9%).
Next Steps
Past Performance
How has IMCD performed over the past 5 years?
14.2%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: IMCD has high quality earnings.
Growing Profit Margin: IMCD's current net profit margins (4%) are lower than last year (4.2%).
Past Earnings Growth Analysis
Earnings Trend: IMCD's earnings have grown by 14.2% per year over the past 5 years.
Accelerating Growth: IMCD's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: IMCD had negative earnings growth (-2.5%) over the past year, making it difficult to compare to the Trade Distributors industry average (-8.2%).
Return on Equity
High ROE: IMCD's Return on Equity (12.7%) is considered low.
Next Steps
Financial Health
How is IMCD's financial position?
Financial Position Analysis
Short Term Liabilities: IMCD's short term assets (€946.2M) exceed its short term liabilities (€678.8M).
Long Term Liabilities: IMCD's short term assets (€946.2M) exceed its long term liabilities (€668.5M).
Debt to Equity History and Analysis
Debt Level: IMCD's debt to equity ratio (94.3%) is considered high.
Reducing Debt: IMCD's debt to equity ratio has increased from 75.4% to 94.3% over the past 5 years.
Debt Coverage: IMCD's debt is well covered by operating cash flow (21.7%).
Interest Coverage: IMCD's interest payments on its debt are well covered by EBIT (8.2x coverage).
Balance Sheet
Next Steps
Dividend
What is IMCD current dividend yield, its reliability and sustainability?
0.86%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: IMCD's dividend (0.87%) isn’t notable compared to the bottom 25% of dividend payers in the Dutch market (1.87%).
High Dividend: IMCD's dividend (0.87%) is low compared to the top 25% of dividend payers in the Dutch market (4.93%).
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?
24.8yrs
Average management tenure
CEO
Piet Slikke (64 yo)
25.83yrs
Tenure
€1,693,000
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. Slikke serves as the Chief Executive Officer at IMCD Group B...
CEO Compensation Analysis
Compensation vs Market: Piet's total compensation ($USD2.02M) is about average for companies of similar size in the Dutch market ($USD2.78M).
Compensation vs Earnings: Piet's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Member of Management Board | 25.83yrs | €1.69m | 1.79% € 106.7m | |
| CFO & Member of Management Board | 24.83yrs | €1.32m | 0.025% € 1.5m | |
| Director Advanced Materials & MD of France | 2.83yrs | no data | no data | |
| Director of Group Development & President of IMCD Holdings Americas | no data | no data | no data |
24.8yrs
Average Tenure
56yo
Average Age
Experienced Management: IMCD's management team is seasoned and experienced (24.8 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Independent Chairman of Supervisory Board | 4yrs | no data | no data | |
| Independent Member of Supervisory Board | 4.5yrs | no data | no data | |
| Independent Member of Supervisory Board | 2.5yrs | no data | no data | |
| Independent Vice Chairman of Supervisory Board | 5.67yrs | no data | no data | |
| Member of Supervisory Board | 0.50yr | no data | no data | |
| Member of Supervisory Board | 0.50yr | no data | no data |
3.3yrs
Average Tenure
53.5yo
Average Age
Experienced Board: IMCD's board of directors are considered experienced (3.3 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.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 8.4%.
Top Shareholders
Company Information
IMCD N.V.'s company bio, 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: €5.966b
- Shares outstanding: 56.87m
- Website: https://www.imcdgroup.com
Number of Employees
Location
- IMCD N.V.
- Wilhelminaplein 32
- Rotterdam
- Zuid-Holland
- 3072 DE
- Netherlands
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| IMCD | ENXTAM (Euronext Amsterdam) | Yes | Ordinary Shares | NL | EUR | Jun 2014 |
| INX | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | Jun 2014 |
| IMCDA | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Ordinary Shares | GB | EUR | Jun 2014 |
| 0QVU | LSE (London Stock Exchange) | Yes | Ordinary Shares | GB | EUR | Jun 2014 |
| IMDZ.F | OTCPK (Pink Sheets LLC) | Yes | Ordinary Shares | US | USD | Jun 2014 |
| IMCD.Y | OTCPK (Pink Sheets LLC) | ADR | US | USD | May 2016 |
Biography
IMCD N.V. markets, sells, and distributes specialty chemicals, and pharmaceutical and food ingredients in Europe, Turkey, Africa, the Asia-Pacific, and the Americas. The company offers surfactants, builder...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/11/30 20:30 |
| End of Day Share Price | 2020/11/30 00:00 |
| Earnings | 2020/06/30 |
| Annual Earnings | 2019/12/31 |
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.