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Market Cap

zł99.5m

Last Updated

2021/05/07 17:42 UTC

Data Sources

Company Financials +

Executive Summary

IMS S.A., together with its subsidiaries, primarily provides sensory marketing services in Poland. More Details


Snowflake Analysis

High growth potential with excellent balance sheet.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: IMS is not significantly more volatile than the rest of Polish stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: IMS's weekly volatility (5%) has been stable over the past year.


Market Performance


7 Day Return

5.6%

IMS

-1.1%

PL Media

1.2%

PL Market


1 Year Return

35.6%

IMS

19.6%

PL Media

42.2%

PL Market

Return vs Industry: IMS exceeded the Polish Media industry which returned 20.8% over the past year.

Return vs Market: IMS underperformed the Polish Market which returned 41.3% over the past year.


Shareholder returns

IMSIndustryMarket
7 Day5.6%-1.1%1.2%
30 Day11.9%-3.5%3.0%
90 Day12.3%1.9%6.2%
1 Year37.9%35.6%24.0%19.6%43.8%42.2%
3 Year8.8%-4.8%17.7%9.9%4.5%-1.6%
5 Year63.6%26.5%36.9%25.6%30.7%16.2%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

40.6%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: IMS (PLN3.2) is trading below our estimate of fair value (PLN5.38)

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


Price To Earnings Ratio

PE vs Industry: IMS is poor value based on its PE Ratio (32x) compared to the PL Media industry average (12.6x).

PE vs Market: IMS is poor value based on its PE Ratio (32x) compared to the Polish market (15.9x).


Price to Earnings Growth Ratio

PEG Ratio: IMS is poor value based on its PEG Ratio (1x)


Price to Book Ratio

PB vs Industry: IMS is overvalued based on its PB Ratio (5.7x) compared to the PL Media industry average (2.1x).


Future Growth

How is IMS forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

30.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: IMS's forecast earnings growth (30.5% per year) is above the savings rate (2.6%).

Earnings vs Market: IMS's earnings (30.5% per year) are forecast to grow faster than the Polish market (20.6% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: IMS's revenue (18% per year) is forecast to grow faster than the Polish market (6.4% per year).

High Growth Revenue: IMS's revenue (18% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: IMS's Return on Equity is forecast to be high in 3 years time (30.3%)


Past Performance

How has IMS performed over the past 5 years?

3.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: IMS has high quality earnings.

Growing Profit Margin: IMS's current net profit margins (8.8%) are lower than last year (15.8%).


Past Earnings Growth Analysis

Earnings Trend: IMS's earnings have grown by 3.4% per year over the past 5 years.

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

Earnings vs Industry: IMS had negative earnings growth (-65.6%) over the past year, making it difficult to compare to the Media industry average (8.1%).


Return on Equity

High ROE: IMS's Return on Equity (15.8%) is considered low.


Financial Health

How is IMS's financial position?


Financial Position Analysis

Short Term Liabilities: IMS's short term assets (PLN13.5M) exceed its short term liabilities (PLN13.4M).

Long Term Liabilities: IMS's short term assets (PLN13.5M) exceed its long term liabilities (PLN12.6M).


Debt to Equity History and Analysis

Debt Level: IMS's debt to equity ratio (19.3%) is considered satisfactory.

Reducing Debt: IMS's debt to equity ratio has increased from 1.2% to 19.3% over the past 5 years.

Debt Coverage: IMS's debt is well covered by operating cash flow (270.6%).

Interest Coverage: IMS's interest payments on its debt are well covered by EBIT (5.8x coverage).


Balance Sheet


Dividend

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

1.56%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: IMS's dividend (1.56%) is higher than the bottom 25% of dividend payers in the Polish market (1.46%).

High Dividend: IMS's dividend (1.56%) is low compared to the top 25% of dividend payers in the Polish market (5.25%).


Stability and Growth of Payments

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

Growing Dividend: IMS's dividend payments have increased, but the company has only paid a dividend for 8 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (50%), IMS's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: IMS's dividends in 3 years are forecast to be covered by earnings (58.6% payout ratio).


Next Steps

Management

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

zł1m

CEO Compensation


CEO

Michal Kornacki

14.33yrs

Tenure

zł1,156,000

Compensation

Mr. Michal Kornacki has been the President of the Management Board at IMS S.A. (formerly known as Internet Media Services S.A.), since 2007 and Member of Management Board since 2005. Mr. Kornacki began his...


CEO Compensation Analysis

Compensation vs Market: Michal's total compensation ($USD304.68K) is above average for companies of similar size in the Polish market ($USD142.06K).

Compensation vs Earnings: Michal's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.


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

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


Key Information

  • Name: IMS S.A.
  • Ticker: IMS
  • Exchange: WSE
  • Founded: 2000
  • Industry: Advertising
  • Sector: Media
  • Market Cap: zł99.517m
  • Shares outstanding: 31.10m
  • Website: https://www.imssensory.com

Number of Employees


Location

  • IMS S.A.
  • ul. Pulawska 366
  • Warsaw
  • 02-819
  • Poland

Listings


Biography

IMS S.A., together with its subsidiaries, primarily provides sensory marketing services in Poland. The company offers in-store music and royalty free music, scent marketing, store scenting, and room aromat...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/05/07 17:42
End of Day Share Price2021/05/07 00:00
Earnings2020/12/31
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.