Impexmetal
Impexmetal S.A. produces, sells, and trades in non-ferrous metals, semi-finished products, and bearings in Poland, other European countries, and internationally. The last earnings update was 160 days ago. More info.
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IPX Share Price and Events
7 Day Returns
1 Year Returns
IPX Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Impexmetal (IPX) | 0.5% | 12.7% | 25.2% | -5.2% | 65.5% | 44.3% |
| PL Metals and Mining | -0.9% | 5.6% | 9.8% | -3.8% | 46% | 6.8% |
| PL Market | -0.2% | -0.1% | 1.3% | -2.2% | 12.4% | -3.8% |
1 Year Return vs Industry and Market
- IPX underperformed the Metals and Mining industry which returned -3.8% over the past year.
- IPX underperformed the Market in Poland which returned -2.2% over the past year.
IPX Value
Is Impexmetal undervalued based on future cash flows and its price relative to the stock market?
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current
share
price of
Impexmetal
to its discounted cash flow analysis.value.The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Impexmetal.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity | |
| Levered Free Cash Flow | Average of 2 Analyst Estimates (S&P Global) | See below |
| Discount Rate (Cost of Equity) | See below | 13.3% |
| Perpetual Growth Rate | 10-Year PL Government Bond Rate | 2.9% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year PL Govt Bond Rate | 2.9% |
| Equity Risk Premium | S&P Global | 7.1% |
| Metals and Mining Unlevered Beta | Simply Wall St/ S&P Global | 1.13 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.135 (1 + (1- 19%) (60.03%)) |
1.46 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
1.46 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.85% + (1.46 * 7.14%) |
13.28% |
Discounted Cash Flow Calculation for WSE:IPX using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for Impexmetal is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.
| Levered FCF (PLN, Millions) | Source |
Present Value Discounted (@ 13.28%) |
|
|---|---|---|---|
| 2019 | 25.90 | Analyst x1 | 22.86 |
| 2020 | 58.60 | Analyst x1 | 45.67 |
| 2021 | 49.62 | Est @ -15.33% | 34.14 |
| 2022 | 44.72 | Est @ -9.87% | 27.16 |
| 2023 | 42.01 | Est @ -6.06% | 22.53 |
| 2024 | 40.59 | Est @ -3.38% | 19.21 |
| 2025 | 39.98 | Est @ -1.51% | 16.71 |
| 2026 | 39.89 | Est @ -0.2% | 14.72 |
| 2027 | 40.18 | Est @ 0.71% | 13.08 |
| 2028 | 40.72 | Est @ 1.35% | 11.71 |
| Present value of next 10 years cash flows | PLN227.79 | ||
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2028
× (1 + g) ÷ (Discount Rate – g)
= PLN40.72 × (1 + 2.85%) ÷ (13.28% – 2.85%) |
PLN401.73 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)10
= PLN401.73 ÷ (1 + 13.28%)10 |
PLN115.50 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 10 years cash flows +
Terminal Value
= PLN227.79 + PLN115.50 |
PLN343.29 |
| Equity Value per Share (PLN) |
= Total value / Shares Outstanding
= PLN343.29 / 189.40 |
PLN1.81 |
| Calculation | Result | |
|---|---|---|
| Value per share (PLN) | From above. | PLN1.81 |
| Current discount | Discount to share price of
PLN4.17
= -1 x (PLN4.17 - PLN1.81) / PLN1.81 |
-130.1% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
- The current share price of Impexmetal is above its future cash flow value.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.The amount the stock market is willing to pay for Impexmetal's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Impexmetal's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2018-09-30) in PLN | PLN0.56 |
| WSE:IPX Share Price ** | WSE (2019-04-17) in PLN | PLN4.17 |
| Poland Metals and Mining Industry PE Ratio | Median Figure of 15 Publicly-Listed Metals and Mining Companies | 7.14x |
| Poland Market PE Ratio | Median Figure of 458 Publicly-Listed Companies | 11.23x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Impexmetal.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = WSE:IPX Share Price ÷ EPS (both in PLN) = 4.17 ÷ 0.56 |
7.47x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Impexmetal is overvalued based on earnings compared to the PL Metals and Mining industry average.
- Impexmetal is good value based on earnings compared to the Poland market.
Price based on expected Growth
Does
Impexmetal's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 7.47x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts |
2%per year |
| Poland Metals and Mining Industry PEG Ratio | Median Figure of 11 Publicly-Listed Metals and Mining Companies | 0.94x |
| Poland Market PEG Ratio | Median Figure of 114 Publicly-Listed Companies | 1.17x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 7.47x ÷ 2% |
3.66x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Impexmetal is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on
Impexmetal's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2018-09-30) in PLN | PLN8.44 |
| WSE:IPX Share Price * | WSE (2019-04-17) in PLN | PLN4.17 |
| Poland Metals and Mining Industry PB Ratio | Median Figure of 18 Publicly-Listed Metals and Mining Companies | 0.83x |
| Poland Market PB Ratio | Median Figure of 687 Publicly-Listed Companies | 1.01x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = WSE:IPX Share Price ÷ Book Value per Share (both in PLN) = 4.17 ÷ 8.44 |
0.49x |
* Primary Listing of Impexmetal.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Impexmetal is good value based on assets compared to the PL Metals and Mining industry average.
Value checks
We assess Impexmetal's value by looking at:- Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
- Is the PE ratio less than the market average, and/ or less than the Metals and Mining industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Metals and Mining industry average (and greater than 0)? (1 check) Impexmetal has a total score of 2/6, see the detailed checks below.
Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
Full details on the Value part of the Simply Wall St company analysis model.
IPX Future Performance
How is Impexmetal expected to perform in the next 1 to 3 years based on estimates from 2 analysts?
The future performance of a company is measured in the same way as past
performance, by looking at estimated
growth
and how much profit it is expected to make.Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Earnings growth vs Low Risk Savings
- Impexmetal's earnings growth is positive but not above the low risk savings rate of 2.9%.
Growth vs Market Checks
- Impexmetal's earnings growth is positive but not above the Poland market average.
- Impexmetal's revenue growth is positive but not above the Poland market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| WSE:IPX Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts | 2% |
| WSE:IPX Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts | 1.4% |
| Poland Metals and Mining Industry Earnings Growth Rate | Market Cap Weighted Average | 2.5% |
| Poland Metals and Mining Industry Revenue Growth Rate | Market Cap Weighted Average | 1.4% |
| Poland Market Earnings Growth Rate | Market Cap Weighted Average | 10.1% |
| Poland Market Revenue Growth Rate | Market Cap Weighted Average | 6.5% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Analysts growth expectations
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (6 months ago) | See Below |
| Future Estimates | Average of up to 2 Analyst Estimates (S&P Global) | See Below |
| Date (Data in PLN Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2020-12-31 | 3,461 | 207 | 168 | 2 |
| 2019-12-31 | 3,312 | 194 | 161 | 2 |
| 2018-12-31 | 3,330 | 182 | 196 | 2 |
| Date (Data in PLN Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2018-09-30 | 3,375 | 191 | 106 |
| 2018-06-30 | 3,384 | 200 | 92 |
| 2018-03-31 | 3,383 | 205 | 82 |
| 2017-12-31 | 3,353 | 160 | 74 |
| 2017-09-30 | 3,230 | 176 | 136 |
| 2017-06-30 | 3,115 | 94 | 141 |
| 2017-03-31 | 3,004 | 100 | 133 |
| 2016-12-31 | 2,893 | 125 | 130 |
| 2016-09-30 | 2,871 | 114 | 186 |
| 2016-06-30 | 2,881 | 273 | 158 |
| 2016-03-31 | 3,023 | 231 | 148 |
| 2015-12-31 | 3,154 | 226 | 140 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (6 months ago) | See Below |
| Future Estimates | Average of up to 2 Analyst Estimates (S&P Global) | See Below |
All data from Impexmetal Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in PLN Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2020-12-31 | 0.80 | 0.80 | 0.80 | 1.00 |
| 2019-12-31 | 0.70 | 0.70 | 0.70 | 1.00 |
| 2018-12-31 | 1.00 | 1.00 | 1.00 | 1.00 |
| Date (Data in PLN Millions) | EPS * |
|---|---|
| 2018-09-30 | 0.56 |
| 2018-06-30 | 0.48 |
| 2018-03-31 | 0.43 |
| 2017-12-31 | 0.39 |
| 2017-09-30 | 0.71 |
| 2017-06-30 | 0.74 |
| 2017-03-31 | 0.69 |
| 2016-12-31 | 0.68 |
| 2016-09-30 | 0.97 |
| 2016-06-30 | 0.82 |
| 2016-03-31 | 0.77 |
| 2015-12-31 | 0.72 |
*GAAP earnings excluding extraordinary items.
Future performance checks
We assess Impexmetal's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Poland market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Poland market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Impexmetal has a total score of 0/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
IPX Past Performance
How has Impexmetal performed over the past 5 years?
The past performance of a company can be measured by how much
growth
it has experienced and how much profit it makes relative to the funds and assets
it has available.
Past earnings growth
Past Earnings growth analysis
- Impexmetal's year on year earnings growth rate has been positive over the past 5 years.
- Impexmetal's 1-year earnings growth is negative, it can't be compared to the 5-year average.
- Impexmetal's 1-year earnings growth is negative, it can't be compared to the PL Metals and Mining industry average.
Earnings and Revenue History
All data from Impexmetal Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in PLN Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2018-09-30 | 3,374.93 | 105.97 | 156.07 | |
| 2018-06-30 | 3,384.42 | 91.84 | 158.19 | |
| 2018-03-31 | 3,383.13 | 81.55 | 158.74 | |
| 2017-12-31 | 3,353.39 | 74.03 | 158.41 | |
| 2017-09-30 | 3,230.05 | 135.84 | 155.48 | |
| 2017-06-30 | 3,114.82 | 141.39 | 149.90 | |
| 2017-03-31 | 3,004.10 | 133.05 | 147.36 | |
| 2016-12-31 | 2,893.22 | 130.30 | 147.65 | |
| 2016-09-30 | 2,870.66 | 186.41 | 140.79 | |
| 2016-06-30 | 2,880.85 | 157.93 | 137.00 | |
| 2016-03-31 | 3,022.53 | 147.93 | 131.62 | |
| 2015-12-31 | 3,154.06 | 139.61 | 123.92 | |
| 2015-09-30 | 3,198.88 | 105.34 | 120.97 | |
| 2015-06-30 | 3,215.59 | 115.00 | 116.48 | |
| 2015-03-31 | 3,046.74 | 113.13 | 113.94 | |
| 2014-12-31 | 2,819.49 | 104.40 | 111.57 | |
| 2014-09-30 | 2,725.03 | 62.71 | 110.41 | |
| 2014-06-30 | 2,709.63 | 53.63 | 111.65 | |
| 2014-03-31 | 2,686.97 | 49.15 | 113.20 | |
| 2013-12-31 | 2,728.68 | 59.85 | 113.86 | |
| 2013-09-30 | 2,734.89 | 70.68 | 114.42 | |
| 2013-06-30 | 2,646.80 | 63.78 | 113.08 | |
| 2013-03-31 | 2,587.26 | 67.49 | 111.69 | |
| 2012-12-31 | 2,596.29 | 70.21 | 112.25 | |
| 2012-09-30 | 2,624.54 | 77.49 | 112.70 | |
| 2012-06-30 | 2,675.48 | 84.81 | 114.48 |
*GAAP earnings excluding extraordinary items.
Performance last year
We want to ensure a company is making the most of what it has available. This is
done by comparing the return (profit) to a company's available
funds,
assets
and
capital.
- Impexmetal has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- Impexmetal used its assets less efficiently than the PL Metals and Mining industry average last year based on Return on Assets.
- Impexmetal's use of capital has not improved over the past 3 years (Return on Capital Employed).
Past performance checks
We assess Impexmetal's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Metals and Mining industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
Impexmetal has a total score of 1/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
IPX Health
How is Impexmetal's financial health and their level of debt?
A company's financial position is much like your own financial position,
it includes everything you own
(assets)
and owe
(liabilities).The boxes below represent the relative size of what makes up Impexmetal's finances.
The net worth of a company is the difference between its assets and liabilities.
- Impexmetal is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- Impexmetal's cash and other short term assets cover its long term commitments.
Balance sheet
Assets
Liabilities and shares
- High level of physical assets or inventory.
- Debt is covered by short term assets, assets are 2.6x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t
bad,
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
All data from Impexmetal Company Filings, last reported 6 months ago.
| Date (Data in PLN Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2018-09-30 | 1,890.93 | 474.10 | 85.55 |
| 2018-06-30 | 1,830.65 | 476.24 | 75.66 |
| 2018-03-31 | 1,818.34 | 511.86 | 133.02 |
| 2017-12-31 | 1,780.21 | 473.20 | 113.63 |
| 2017-09-30 | 1,834.92 | 516.53 | 111.81 |
| 2017-06-30 | 1,819.58 | 493.01 | 138.49 |
| 2017-03-31 | 1,774.46 | 547.57 | 144.09 |
| 2016-12-31 | 1,700.57 | 496.18 | 152.47 |
| 2016-09-30 | 1,605.11 | 488.25 | 52.98 |
| 2016-06-30 | 1,534.25 | 413.09 | 66.19 |
| 2016-03-31 | 1,503.29 | 437.87 | 74.06 |
| 2015-12-31 | 1,466.29 | 407.58 | 72.86 |
| 2015-09-30 | 1,389.99 | 388.61 | 49.15 |
| 2015-06-30 | 1,392.79 | 425.59 | 51.57 |
| 2015-03-31 | 1,229.74 | 431.20 | 45.99 |
| 2014-12-31 | 1,198.39 | 399.31 | 34.45 |
| 2014-09-30 | 1,159.16 | 426.26 | 27.94 |
| 2014-06-30 | 1,108.95 | 375.70 | 40.97 |
| 2014-03-31 | 1,077.25 | 407.75 | 40.79 |
| 2013-12-31 | 1,071.15 | 411.79 | 36.84 |
| 2013-09-30 | 1,053.84 | 390.18 | 52.84 |
| 2013-06-30 | 1,019.41 | 390.02 | 35.16 |
| 2013-03-31 | 1,001.43 | 363.22 | 34.20 |
| 2012-12-31 | 986.33 | 340.34 | 36.51 |
| 2012-09-30 | 979.06 | 354.87 | 64.00 |
| 2012-06-30 | 972.09 | 398.42 | 52.46 |
- Impexmetal's level of debt (25.1%) compared to net worth is satisfactory (less than 40%).
- The level of debt compared to net worth has been reduced over the past 5 years (37% vs 25.1% today).
- Debt is well covered by operating cash flow (40.2%, greater than 20% of total debt).
- Interest payments on debt are well covered by earnings (EBIT is 62.6x coverage).
Financial health checks
We assess Impexmetal's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Impexmetal has a total score of 6/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Full details on the Health part of the Simply Wall St company analysis model.
IPX Dividends
What is Impexmetal's current dividend yield, its reliability and sustainability?
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
If you bought
PLN2,000 of
Impexmetal
shares you are expected to receive
PLN0
in your first year as a dividend.
Dividend Amount
- Unable to evaluate Impexmetal's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
- Unable to evaluate Impexmetal's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 2 Analyst Estimates (S&P Global) | See Below |
| Poland Metals and Mining Industry Average Dividend Yield | Market Cap Weighted Average of 11 Stocks | 4.2% |
| Poland Market Average Dividend Yield | Market Cap Weighted Average of 207 Stocks | 3.3% |
| Poland Minimum Threshold Dividend Yield | 10th Percentile | 1.3% |
| Poland Bottom 25% Dividend Yield | 25th Percentile | 2.7% |
| Poland Top 25% Dividend Yield | 75th Percentile | 7.6% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in PLN) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2020-12-31 | ||
| 2019-12-31 | ||
| 2018-12-31 |
| Date (Data in PLN) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2014-11-14 | 0.000 | 0.000 |
| 2014-08-13 | 0.000 | 0.000 |
| 2014-05-13 | 0.000 | 0.000 |
| 2014-04-15 | 0.000 | 0.000 |
| 2014-02-20 | 0.000 | 0.000 |
| 2012-04-20 | 0.200 | 6.470 |
| 2012-02-22 | 0.200 | 4.731 |
| 2011-08-11 | 0.200 | 5.497 |
| 2011-04-15 | 0.200 | 4.086 |
| 2010-02-25 | 0.000 | 0.000 |
| 2009-11-12 | 0.000 | 0.000 |
| 2009-09-01 | 0.000 | 0.000 |
| 2009-05-14 | 0.000 | 0.000 |
| 2009-05-04 | 0.000 | 0.000 |
| 2009-04-20 | 0.000 | 0.000 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Unable to perform a dividend volatility check as Impexmetal has not reported any payouts.
- Unable to verify if Impexmetal's dividend has been increasing as the company has not reported any payouts.
Income/ dividend checks
We assess Impexmetal's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 1.3%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can Impexmetal afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Impexmetal has a total score of 0/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
IPX Management
CEO
| COMPENSATION | PLN845,000 |
CEO Bio
Mrs. Malgorzata Iwanejko serves as the President of the Management Board and General Director at Impexmetal S.A. Mrs. Iwanejko served as the President and Member of the Management Board at Boryszew S.A since July 1, 2007 until May 2012. She served as the Chairperson of the Management Board of Zaklady Azotowe Pulawy S.A. from April 2006 to November 2006. She served as Adviser of Nafta Polska S.A. in Warsaw, from 2002 to 2006. She served as Marketing Director, Manager of Selling Dept., and manager of Selling Section, export specialist at Zaklady Azotowe Pulawy S.A., from 1984 to 2002. She served as the Chairman of Fertilizers Commission on the Polish Chamber of Chemical Industry – Union of Employers in Warsaw. Mrs. Iwanejko has been the Chairman of Supervisory Board at FLT Polska sp. z o.o. since September 2007. She served as the Chairman of the Supervisory Board of Baltycka Baza Masowa Sp. z o.o. in Gdynia and Representative of Zaklady Azotowe Pulawy S.A. in Agro - Economics Committee IFA France. She serves as a Member of Supervisory Board at Impexmetal SA and Walcownia Metali Dziedzice S.A. She attended International Program of Fertilizer Marketing Challenges (USA, Alabama), organized By IFDC. Mrs. Iwanejko holds MBA in 2003, Diploma in Management from University of Central Lancashire, Preston, Great Britain. She graduated Main School of Planning and Statistics (at present: Main Commerce School) in Warsaw.
CEO Compensation
- Malgorzata's compensation has been consistent with company performance over the past year.
- Malgorzata's remuneration is higher than average for companies of similar size in Poland.
Management Team
Malgorzata Iwanejko
President of the Management Board & General Director
PLN845K
Jan Wozniak
Business Development Director & Member of the Management Board
PLN725K
Damian Pakulski
Secretary & Member of the Supervisory Board
Agata Grabowska
Chief Accountant
Piotr Górowski
President of Board of Hutmen SA
PLN468K
Andrzej Latka
President of the Board - Baterpol Sp z o o
Slawomir Lukaszewski
President of the Board - FLT Polska Sp z o o
Boguslaw Peczela
President of the Board for Aluminium Konin
Jan Ziaja
President of the Board - Zaklady Metalurgiczne Silesia SA
Board of Directors Tenure
Average tenure of the Impexmetal board of directors in years:
- The tenure for the Impexmetal board of directors is about average.
Board of Directors
Arkadiusz Krezel
Chairman of the Supervisory Board
2.8 yrs
Karina Wsciubiak-Hankó
Deputy Chairman of the Supervisory Board
39
Damian Pakulski
Secretary & Member of the Supervisory Board
4.3 yrs
Piotr Szeliga
Member of Supervisory Board
PLN123K
7.3 yrs
Pawel Blaszczyk
Member of Supervisory Board
2.8 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price (PLN) | Value (PLN) | |
|---|---|---|---|---|---|---|---|---|---|---|
Management checks
We assess Impexmetal's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) Impexmetal has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
IPX News
Simply Wall St News
Did You Miss Impexmetal's (WSE:IPX) 51% Share Price Gain?
(WSE:IPX) shareholders have seen the share price rise 51% over three years, well in excess of the market return (13%, not including dividends). … By comparing earnings per share (EPS) and share price changes over time, we can get a feel for how investor attitudes to a company have morphed over time. … Impexmetal was able to grow its EPS at 0.7% per year over three years, sending the share price higher.
Simply Wall St - – Full articleDoes Impexmetal S.A.'s (WSE:IPX) P/E Ratio Signal A Buying Opportunity?
The goal of this article is to teach you how to use price to earnings ratios (P/E ratios). … That corresponds to an earnings yield of approximately 16%. … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)
Simply Wall St - – Full articleAn Examination Of Impexmetal S.A. (WSE:IPX)
Attractive stocks have exceptional fundamentals. … is a company that has been able to sustain great financial health, trading at an attractive share price. … For those interested in understanding where the figures come from and want to see the analysis,
Simply Wall St - – Full articleWhat Kind Of Investor Owns Most Of Impexmetal S.A. (WSE:IPX)?
(WSE:IPX) have power over the company. … Impexmetal is a smaller company with a market capitalization of zł619m, so it may still be flying under the radar of many institutional investors. … Our analysis of the ownership of the company, below, shows that.
Simply Wall St - – Full articleShould You Be Tempted To Buy Impexmetal SA (WSE:IPX) At Its Current PE Ratio?
This analysis is intended to introduce important early concepts to people who are starting to invest. … While IPX might seem like an attractive stock to buy, it is important to understand the assumptions behind the P/E ratio before you make any investment decisions. … I will break down what the P/E ratio is, how to interpret it and what to watch out for
Simply Wall St - – Full articleWho Are The Major Shareholders Of Impexmetal SA (WSE:IPX)?
Today, I will be analyzing Impexmetal SA’s (WSE:IPX) recent ownership structure, an important but not-so-popular subject among individual investors. … When it comes to ownership structure of a company, the impact has been observed in both the long-and short-term performance of shares. … Differences in ownership structure of companies can have a profound effect on how management's incentives are aligned with shareholder returns, and whether they adhere to corporate governance best practices.
Simply Wall St - – Full articleShould You Be Tempted To Buy Impexmetal SA. (WSE:IPX) At Its Current PE Ratio?
Formula Price-Earnings Ratio = Price per share ÷ Earnings per share P/E Calculation for IPX Price per share = PLN4.07 Earnings per share = PLN0.385 ∴ Price-Earnings Ratio = PLN4.07 ÷ PLN0.385 = 10.6x The P/E ratio isn’t a metric you view in isolation and only becomes useful when you compare it against other similar companies. … Since IPX's P/E of 10.6x is lower than its industry peers (11.7x), it means that investors are paying less than they should for each dollar of IPX's earnings. … For example, if you inadvertently compared lower risk firms with IPX, then investors would naturally value IPX at a lower price since it is a riskier investment.
Simply Wall St - – Full articleImpexmetal SA.'s (WSE:IPX) Earnings Dropped -28.47%, Did Its Industry Show Weakness Too?
Today I will run you through a basic sense check to gain perspective on how Impexmetal is doing by comparing its latest earnings with its long-term trend as well as the performance of its metals and mining industry peers. … For Impexmetal, its latest trailing-twelve-month earnings is ZŁ133.34M, which, against the prior year's level, has dropped by -28.47%. … Inspecting growth from a sector-level, the PL metals and mining industry has been enduring some headwinds over the past twelve months, leading to an average earnings drop of -11.68%.
Simply Wall St - – Full articleWhy Impexmetal SA. (WSE:IPX) Delivered An Inferior ROE Compared To The Industry
Return on Equity = Net Profit ÷ Shareholders Equity ROE is assessed against cost of equity, which is measured using the Capital Asset Pricing Model (CAPM) – but let’s not dive into the details of that today. … ROE can be split up into three useful ratios: net profit margin, asset turnover, and financial leverage. … This is called the Dupont Formula: Dupont Formula ROE = profit margin × asset turnover × financial leverage ROE = (annual net profit ÷ sales) × (sales ÷ assets) × (assets ÷ shareholders’ equity) ROE = annual net profit ÷ shareholders’ equity WSE:IPX Last Perf Apr 1st 18 Basically, profit margin measures how much of revenue trickles down into earnings which illustrates how efficient the business is with its cost management.
Simply Wall St - – Full articleHow Financially Strong Is Impexmetal SA. (WSE:IPX)?
How does IPX’s operating cash flow stack up against its debt? … On top of this, IPX has generated cash from operations of ZŁ111.93M over the same time period, leading to an operating cash to total debt ratio of 22.98%, indicating that IPX’s current level of operating cash is high enough to cover debt. … WSE:IPX Historical Debt Mar 15th 18 Is IPX’s debt level acceptable?
Simply Wall St - – Full articleIPX Company Info
Description
Impexmetal S.A. produces, sells, and trades in non-ferrous metals, semi-finished products, and bearings in Poland, other European countries, and internationally. It operates through Aluminum, Copper, Zinc and Lead, and Trade segments. The company offers aluminum hot and cold-rolled sheets and strips, fluted sheets, and stucco sheets and strips; copper tubes consisting of installations tubes, copper rods, tellurium copper rods, bronze rods, copper flat bars, copper sections, and casting alloys; brass tubes comprising incondenser tubes; aluminum and brass profiles; brass wires, rods, and profiles; ECO alloy rods; and coins blanks, as well as copper alloy strips. It also provides refined lead and alloys of lead with antimony, tin, selenium, calcium, and silver; rolled and extruded lead and its alloy products, such as sheets, strips, anodes, pipes, rods, and wires; polypropylene; sodium sulphate; zinc-titanium sheets and strips, zinc and zinc-aluminum wires, gutter systems, zinc anodes, and casting alloys; and zinc and lead oxides, red lead exide, and zinc white products, as well as bearings, and balls and needles. In addition, Impexmetal S.A. purchases, processes, and trades in scrap accumulators and non-ferrous metals; and is involved in the lead production, as well as trade business. The company’s products are used in the automotive, constructing, installation, metallurgy and steel processing, trade, power, electrical, coin, chemical, furniture, pharmaceutical, cheramical, fodder, glassmaking, agriculture, mining, and railway engineering industries. The company was founded in 1951 and is headquartered in Warsaw, Poland. Impexmetal S.A. is a subsidiary of Boryszew S.A.
Details
| Name: | Impexmetal S.A. |
| IPX | |
| Exchange: | WSE |
| Founded: | 1951 |
| PLN789,798,000 | |
| 189,400,000 | |
| Website: | http://www.impexmetal.com.pl |
| Address: |
Impexmetal S.A. No. 76, Jagiellonska Street, Warsaw, 03-301, Poland |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| WSE | IPX | Common Bearer Shares | Warsaw Stock Exchange | PL | PLN | 25. Jun 1997 | |
| LSE | 0MNT | Common Bearer Shares | London Stock Exchange | GB | PLN | 25. Jun 1997 |
Number of employees
Current staff
Industry
| Diversified Metals and Mining | |
| Materials |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/04/17 20:47 |
| End of day share price update: | 2019/04/17 00:00 |
| Last estimates confirmation: | 2019/03/28 |
| Last earnings filing: | 2018/11/08 |
| Last earnings reported: | 2018/09/30 |
| Last annual earnings reported: | 2017/12/31 |
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
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.
