WSE:IMC

Stock Analysis Report

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Executive Summary

IMC S.A., together with its subsidiaries, operates as an integrated agricultural company in Ukraine and internationally. More Details


Snowflake Analysis

Flawless balance sheet and slightly overvalued.

Share Price & News

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


Latest Share Price and Events

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


Market Performance


7 Day Return

4.6%

IMC

3.0%

PL Food

-0.1%

PL Market


1 Year Return

-14.2%

IMC

0.06%

PL Food

-17.2%

PL Market

Return vs Industry: IMC underperformed the Polish Food industry which returned 0.1% over the past year.

Return vs Market: IMC exceeded the Polish Market which returned -17.1% over the past year.


Shareholder returns

IMCIndustryMarket
7 Day4.6%3.0%-0.1%
30 Day12.7%4.0%-2.4%
90 Day7.8%-0.09%-10.5%
1 Year-7.6%-14.2%3.2%0.06%-16.5%-17.2%
3 Year45.2%5.8%-20.5%-26.5%-27.6%-31.9%
5 Year161.4%86.7%-10.8%-21.5%-15.3%-24.5%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: IMC (PLN12.4) is trading below our estimate of fair value (PLN53.31)

Significantly Below Fair Value: IMC is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: IMC is poor value based on its PE Ratio (16x) compared to the PL Food industry average (12.7x).

PE vs Market: IMC is poor value based on its PE Ratio (16x) compared to the Polish market (12.4x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: IMC's PB Ratio (0.7x) is in line with the PL Food industry average.


Next Steps

Future Growth

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

9.6%

Forecasted Food, Beverage & Tobacco 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 IMC 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

Past Performance

How has IMC performed over the past 5 years?

10.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: IMC has high quality earnings.

Growing Profit Margin: IMC's current net profit margins (4.3%) are lower than last year (18.8%).


Past Earnings Growth Analysis

Earnings Trend: IMC has become profitable over the past 5 years, growing earnings by 10.5% per year.

Accelerating Growth: IMC's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: IMC had negative earnings growth (-78.4%) over the past year, making it difficult to compare to the Food industry average (-29.4%).


Return on Equity

High ROE: IMC's Return on Equity (4.6%) is considered low.


Next Steps

Financial Health

How is IMC's financial position?


Financial Position Analysis

Short Term Liabilities: IMC's short term assets ($144.1M) exceed its short term liabilities ($72.2M).

Long Term Liabilities: IMC's short term assets ($144.1M) exceed its long term liabilities ($103.5M).


Debt to Equity History and Analysis

Debt Level: IMC's debt to equity ratio (30%) is considered satisfactory.

Reducing Debt: IMC's debt to equity ratio has reduced from 249.4% to 30% over the past 5 years.

Debt Coverage: IMC's debt is well covered by operating cash flow (93.3%).

Interest Coverage: IMC's interest payments on its debt are well covered by EBIT (6.4x coverage).


Balance Sheet


Next Steps

Dividend

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

6.52%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: IMC's dividend (6.52%) is higher than the bottom 25% of dividend payers in the Polish market (1.88%).

High Dividend: IMC's dividend (6.52%) is in the top 25% of dividend payers in the Polish market (5.87%)


Stability and Growth of Payments

Stable Dividend: IMC has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: IMC's dividend payments have increased, but the company has only paid a dividend for 3 years.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (97.3%), IMC's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

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

4.1yrs

Average management tenure


CEO

Alex Lissitsa (44 yo)

no data

Tenure

Dr. Alex Lissitsa, Ph.D., serves as the Chief Executive Officer at IMC S.A. (formerly known as Industrial Milk Company S.A.) and has been its Executive Director since March 29, 2012. Dr. Lissitsa serves as ...


Leadership Team

NamePositionTenureCompensationOwnership
Oleksandr Petrov
Founder & Chairmanno datano data79.16%
$ 325.7m
Alex Lissitsa
CEO, Director General & Executive Directorno datano datano data
Dmytro Martyniuk
CFO & Executive Director9.58yrsno datano data
Oleksandr Verzhykhovskyi
COO & Executive Director0.75yrno datano data
Yulia Andrushkina
Marketing & Investor Relations Directorno datano datano data
Sergii Klimishyn
Legal Director & Executive Director0.75yrno datano data
Olena Krysenko
Commercial Director & Executive Director0.75yrno datano data
Iryna Kozenko
Deputy Director General On Land Relations & Social Policyno datano datano data
Evheniy Korneev
Deputy Director General of Internal Control & Risk Management4.08yrsno datano data
Bohdan Kryvitskyi
Chief Innovation Officer1.75yrsno datano data

4.1yrs

Average Tenure

Experienced Management: IMC's management team is considered experienced (4.1 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Oleksandr Petrov
Founder & Chairmanno datano data79.16%
$ 325.7m
Alex Lissitsa
CEO, Director General & Executive Directorno datano datano data
Dmytro Martyniuk
CFO & Executive Director9.58yrsno datano data
Oleksandr Verzhykhovskyi
COO & Executive Director0.75yrno datano data
Sergii Klimishyn
Legal Director & Executive Director0.75yrno datano data
Olena Krysenko
Commercial Director & Executive Director0.75yrno datano data
Alfons Balmann
Non-Executive Director7.08yrsno datano data
Kamil Gaworecki
Non-Executive Director4.33yrsno datano data

4.3yrs

Average Tenure

Experienced Board: IMC's board of directors are considered experienced (4.3 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.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

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


Key Information

  • Name: IMC S.A.
  • Ticker: IMC
  • Exchange: WSE
  • Founded: 1998
  • Industry: Agricultural Products
  • Sector: Food, Beverage & Tobacco
  • Market Cap: zł411.407m
  • Shares outstanding: 33.18m
  • Website: https://www.imcagro.com.ua

Number of Employees


Location

  • IMC S.A.
  • 16 rue Erasme
  • Luxembourg City
  • 1468
  • Luxembourg

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
IMCWSE (Warsaw Stock Exchange)YesOrdinary SharesPLPLNMay 2011
IM4BST (Boerse-Stuttgart)YesOrdinary SharesDEEURMay 2011
0Q9ZLSE (London Stock Exchange)YesOrdinary SharesGBPLNMay 2011
IM4DB (Deutsche Boerse AG)YesOrdinary SharesDEEURMay 2011

Biography

IMC S.A., together with its subsidiaries, operates as an integrated agricultural company in Ukraine and internationally. The company operates through three segments: Crop Farming; Dairy Farming; and Elevat ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/24 21:04
End of Day Share Price2020/10/23 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.