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IFI

Ifirma WSE:IFI Stock Report

Last Price

zł20.30

Market Cap

zł129.9m

7D

-3.8%

1Y

35.3%

Updated

17 Aug, 2022

Data

Company Financials
IFI fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance6/6
Financial Health6/6
Dividends4/6

IFI Stock Overview

Ifirma SA provides software development, and recruitment and IT staff outsourcing services.

Ifirma Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Ifirma
Historical stock prices
Current Share Pricezł20.30
52 Week Highzł29.90
52 Week Lowzł12.65
Beta0.50
1 Month Change-7.73%
3 Month Change-8.97%
1 Year Change35.33%
3 Year Change578.93%
5 Year Change442.78%
Change since IPO341.30%

Recent News & Updates

Apr 28
Is Now The Time To Put Ifirma (WSE:IFI) On Your Watchlist?

Is Now The Time To Put Ifirma (WSE:IFI) On Your Watchlist?

It's only natural that many investors, especially those who are new to the game, prefer to buy shares in 'sexy' stocks...

Shareholder Returns

IFIPL SoftwarePL Market
7D-3.8%3.8%2.4%
1Y35.3%-14.7%-20.9%

Return vs Industry: IFI exceeded the Polish Software industry which returned -14.7% over the past year.

Return vs Market: IFI exceeded the Polish Market which returned -20.9% over the past year.

Price Volatility

Is IFI's price volatile compared to industry and market?
IFI volatility
IFI Average Weekly Movement6.2%
Software Industry Average Movement6.2%
Market Average Movement6.4%
10% most volatile stocks in PL Market12.1%
10% least volatile stocks in PL Market4.2%

Stable Share Price: IFI is not significantly more volatile than the rest of Polish stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: IFI's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1997173Wojciech Narczynskihttps://www.ifirma.pl

Ifirma SA provides software development, and recruitment and IT staff outsourcing services. It also operates ifirma.pl. The company was formerly known as Power Media S.A. and changed its name to Ifirma SA in June 2017.

Ifirma Fundamentals Summary

How do Ifirma's earnings and revenue compare to its market cap?
IFI fundamental statistics
Market Capzł129.92m
Earnings (TTM)zł7.02m
Revenue (TTM)zł39.38m

18.5x

P/E Ratio

3.3x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
IFI income statement (TTM)
Revenuezł39.38m
Cost of Revenuezł23.24m
Gross Profitzł16.13m
Other Expenseszł9.12m
Earningszł7.02m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

Sep 09, 2022

Earnings per share (EPS)1.10
Gross Margin40.97%
Net Profit Margin17.83%
Debt/Equity Ratio0.0%

How did IFI perform over the long term?

See historical performance and comparison

Dividends

2.8%

Current Dividend Yield

36%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is IFI undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for IFI?

Other financial metrics that can be useful for relative valuation.

IFI key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue2.9x
Enterprise Value/EBITDA12.4x
PEG Ration/a

Price to Earnings Ratio vs Peers

How does IFI's PE Ratio compare to its peers?

IFI PE Ratio vs Peers
The above table shows the PE ratio for IFI vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average21.8x
ALL Ailleron
30.3xn/azł152.0m
CLD Cloud Technologies
13.3xn/azł139.5m
M4B M4B
36xn/azł126.1m
SUN Suntech
7.4xn/azł51.6m
IFI Ifirma
18.5xn/azł129.9m

Price-To-Earnings vs Peers: IFI is good value based on its Price-To-Earnings Ratio (18.5x) compared to the peer average (21.8x).


Price to Earnings Ratio vs Industry

How does IFI's PE Ratio compare vs other companies in the PL Software Industry?

Price-To-Earnings vs Industry: IFI is expensive based on its Price-To-Earnings Ratio (18.5x) compared to the Polish Software industry average (17.7x)


Price to Earnings Ratio vs Fair Ratio

What is IFI's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

IFI PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio18.5x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate IFI's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of IFI when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: IFI (PLN20.3) is trading below our estimate of fair value (PLN26.59)

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


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


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Future Growth

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

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


25.7%

Forecasted Software 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 Ifirma 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.


Discover growth companies

  • Examine whether Ifirma is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  • Ifirma competitive advantages and company strategy can generally be found in its financial reports archived here.

Past Performance

How has Ifirma performed over the past 5 years?

Past Performance Score

6/6

Past Performance Score 6/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


30.8%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: IFI has high quality earnings.

Growing Profit Margin: IFI's current net profit margins (17.8%) are higher than last year (9.7%).


Past Earnings Growth Analysis

Earnings Trend: IFI's earnings have grown significantly by 30.8% per year over the past 5 years.

Accelerating Growth: IFI's earnings growth over the past year (165.1%) exceeds its 5-year average (30.8% per year).

Earnings vs Industry: IFI earnings growth over the past year (165.1%) exceeded the Software industry 13.1%.


Return on Equity

High ROE: IFI's Return on Equity (54.4%) is considered outstanding.


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Financial Health

How is Ifirma's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: IFI's short term assets (PLN18.4M) exceed its short term liabilities (PLN7.6M).

Long Term Liabilities: IFI's short term assets (PLN18.4M) exceed its long term liabilities (PLN98.0K).


Debt to Equity History and Analysis

Debt Level: IFI is debt free.

Reducing Debt: IFI has not had any debt for past 5 years.

Debt Coverage: IFI has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: IFI has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


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Dividend

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

Dividend Score

4/6

Dividend Score 4/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


2.81%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: IFI's dividend (2.81%) is higher than the bottom 25% of dividend payers in the Polish market (2.69%).

High Dividend: IFI's dividend (2.81%) is low compared to the top 25% of dividend payers in the Polish market (8.78%).


Stability and Growth of Payments

Stable Dividend: IFI's dividend payments have been volatile in the past 10 years.

Growing Dividend: IFI's dividend payments have increased over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (36.5%), IFI's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonable cash payout ratio (50.6%), IFI's dividend payments are covered by cash flows.


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Management

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

zł376k

CEO Compensation


CEO

Wojciech Narczynski

27.58yrs

Tenure

zł376,000

Compensation

Mr. Wojciech Narczynski is the Founder of Power Media Spolka Akcyjna. Mr. Narczynski is active in the IT sector since 1993. He is a Software and Database Designer, a specialist in WebObjects technology.He...


CEO Compensation Analysis

Compensation vs Market: Insufficient data to establish whether Wojciech's total compensation is reasonable compared to companies of similar size in the Polish market.

Compensation vs Earnings: Wojciech's compensation has been consistent with company performance over 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

Ifirma SA's employee growth, exchange listings and data sources


Key Information

  • Name: Ifirma SA
  • Ticker: IFI
  • Exchange: WSE
  • Founded: 1997
  • Industry: Application Software
  • Sector: Software
  • Implied Market Cap: zł129.920m
  • Shares outstanding: 6.40m
  • Website: https://www.ifirma.pl

Number of Employees


Location

  • Ifirma SA
  • Grabiszynska 241 B
  • Wroclaw
  • 53-234
  • Poland

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/17 00:00
End of Day Share Price2022/08/17 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


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.