WSE:ITM

Stock Analysis Report

Executive Summary

Interma Trade S.A. manufactures and sells jewelry.

Snowflake

Fundamentals

Overvalued with worrying balance sheet.

Share Price & News

How has Interma Trade's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

0.3%

ITM

-0.03%

PL Luxury

1.9%

PL Market


1 Year Return

61.3%

ITM

-11.7%

PL Luxury

0.2%

PL Market

Return vs Industry: ITM exceeded the Polish Luxury industry which returned -11.7% over the past year.

Return vs Market: ITM exceeded the Polish Market which returned 0.2% over the past year.


Shareholder returns

ITMIndustryMarket
7 Day0.3%-0.03%1.9%
30 Day-16.0%-1.1%0.5%
90 Day-22.8%-3.6%-5.7%
1 Year61.3%61.3%-11.1%-11.7%3.3%0.2%
3 Year-89.9%-89.9%8.1%6.0%12.3%4.3%
5 Year-86.5%-86.5%-8.1%-11.3%0.2%-12.0%

Price Volatility Vs. Market

How volatile is Interma Trade's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

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

0.55x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: ITM (PLN2) is trading above our estimate of fair value (PLN0.62)

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


Price To Earnings Ratio

PE vs Industry: ITM is unprofitable, so we can't compare its PE Ratio to the Luxury industry average.

PE vs Market: ITM is unprofitable, so we can't compare its PE Ratio to the Polish market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate ITM's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: ITM is good value based on its PB Ratio (0.6x) compared to the PL Luxury industry average (1x).


Next Steps

Future Growth

How is Interma Trade forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

23.1%

Forecasted Consumer Durables 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 Interma Trade 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.


Next Steps

  • Take a look at our analysis of ITM’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  • Interma Trade competitive advantages and company strategy can generally be found in its financial reports archived here.
  • Explore growth companies in the Consumer Durables industry.

Past Performance

How has Interma Trade performed over the past 5 years?

-61.0%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: ITM is unprofitable, and losses have increased over the past 5 years at a rate of -61% per year.

Accelerating Growth: Unable to compare ITM's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: ITM is unprofitable, making it difficult to compare its past year earnings growth to the Luxury industry (-19.4%).


Return on Equity

High ROE: ITM has a negative Return on Equity (-210.72%), as it is currently unprofitable.


Return on Assets

ROA vs Industry: ITM is currently unprofitable, so its Return on Assets is negative.


Return on Capital Employed

ROCE Improving: ITM is currently unprofitable, so its Return on Capital Employed is negative.


Next Steps

Financial Health

How is Interma Trade's financial position?


Financial Position Analysis

Short Term Liabilities: ITM's short term assets (PLN95.2M) do not cover its short term liabilities (PLN105.2M)

Long Term Liabilities: ITM's short term assets (95.2M) exceeds its long term liabilities (33.0M)


Debt to Equity History and Analysis

Debt Level: ITM's debt to equity ratio (137.8%) is considered high

Reducing Debt: ITM's debt to equity ratio has increased from 48% to 137.8% over the past 5 years.

Debt Coverage: ITM's debt is not well covered by operating cash flow (11.5%).

Interest Coverage: Insufficient data to determine if ITM's interest payments on its debt are well covered by EBIT.


Balance Sheet

Inventory Level: ITM has a high level of physical assets or inventory.

Debt Coverage by Assets: ITM's debt is covered by short term assets (assets are 3.197100x debt).


Next Steps

Dividend

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


Dividend Yield vs Market

companyn/amarketbottom25%2.7%markettop25%7.2%industryaverage0.7%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

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

High Dividend: Unable to evaluate ITM's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.

Stable Dividend: Insufficient data to determine if ITM's dividends per share have been stable in the past.

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


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

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


Next Steps

Management

What is the CEO of Interma Trade's salary, the management and board of directors tenure and is there insider trading?

8.4yrs

Average management tenure


CEO

Przemyslaw Piotrowski 0

8.5yrs

Tenure

zł96,645

Compensation

Mr. Przemyslaw Piotrowski is Co-Founder and Co-Owner at Briju Spólka Akcyjna and has been its Chairman of the Management Board since April 2011. Mr. Piotrowski served as Head of Jewellery Trade, Sales Netw ...


CEO Compensation Analysis

Compensation vs. Market: Przemyslaw's total compensation ($USD0.00) is too low to compare against companies of similar size in the Polish market ($USD0.00).

Compensation vs Earnings: Przemyslaw's compensation has increased whilst the company is unprofitable.


Management Age and Tenure

8.4yrs

Average Tenure

Experienced Management: ITM's management team is seasoned and experienced (8.4 years average tenure).


Board Age and Tenure

5.6yrs

Average Tenure

Experienced Board: ITM's board of directors are considered experienced (5.6 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown


Management Team

  • Przemyslaw Piotrowski

    Founder

    • Tenure: 8.5yrs
    • Compensation: zł96.65k
  • Jaroslaw Piotrowski

    Founder

    • Tenure: 8.3yrs
    • Compensation: zł87.40k
  • Tomasz Piotrowski

    Founder

    • Tenure: 8.3yrs
    • Compensation: zł78.78k
  • Jerzy Siminski

    Secretary of the Supervisory Board

    • Tenure: 8.8yrs

Board Members

  • Maria Piotrowska

    President of the Supervisory Board

    • Tenure: 5.3yrs
  • Barbara Piotrowska

    Member of Supervisory Board

    • Tenure: 8.3yrs
  • Kazimierz Przybyla

    Vice-President of the Supervisory Board

    • Tenure: 5.9yrs
  • Katarzyna Piotrowska

    Member of the Supervisory Board

    • Tenure: 5.3yrs
  • Tadeusz Bogajewski

    Member of Supervisory Board

    • Tenure: 0yrs

Company Information

Interma Trade S.A.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Interma Trade S.A.
  • Ticker: ITM
  • Exchange: WSE
  • Founded: 1920
  • Industry: Apparel, Accessories and Luxury Goods
  • Sector: Consumer Durables
  • Market Cap: zł11.957m
  • Shares outstanding: 5.98m
  • Website: https://www.briju.pl

Location

  • Interma Trade S.A.
  • Ul. Paderewskiego 25-35
  • Gniezno
  • 62-200
  • Poland

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ITMWSE (Warsaw Stock Exchange)YesCommon Bearer SharesPLPLNAug 2011

Biography

Interma Trade S.A. manufactures and sells jewelry. The company provides white, red, and yellow gold jewelry; and diamond jewelry, as well as watches. It offers its products through a network of retail stor ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/22 21:16
End of Day Share Price2019/10/22 00:00
Earnings2019/06/30
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.