ENXTLS:INA

Stock Analysis Report

Inapa - Investimentos Participações e Gestão

Executive Summary

Inapa - Investimentos, Participações e Gestão, S.A., through its subsidiaries, distributes and sells paper products in Portugal and internationally.

Snowflake

Fundamentals

Fair value with imperfect balance sheet.


Similar Companies

Share Price & News

How has Inapa - Investimentos Participações e Gestão's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

1.6%

INA

0.4%

PT Trade Distributors

-0.9%

PT Market


1 Year Return

-49.0%

INA

6.4%

PT Trade Distributors

2.5%

PT Market

Return vs Industry: INA underperformed the Portuguese Trade Distributors industry which returned 6.4% over the past year.

Return vs Market: INA underperformed the Portuguese Market which returned 2.5% over the past year.


Shareholder returns

INAIndustryMarket
7 Day1.6%0.4%-0.9%
30 Day-4.1%-0.3%-1.7%
90 Day-5.8%2.7%-1.3%
1 Year-49.0%-49.0%11.0%6.4%6.9%2.5%
3 Year-57.9%-57.9%34.7%21.9%20.9%-16.4%
5 Year-73.0%-73.0%77.8%53.2%8.6%-59.7%

Price Volatility Vs. Market

How volatile is Inapa - Investimentos Participações e Gestão's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Inapa - Investimentos Participações e Gestão undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Undervalued: INA (€0.05) is trading below our estimate of fair value (€0.35)

Significantly Undervalued: INA is trading below fair value by more than 20%.


Price To Earnings Ratio

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

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


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: INA is good value based on its PB Ratio (0x) compared to the XE Trade Distributors industry average (1.1x).


Next Steps

Future Growth

How is Inapa - Investimentos Participações e Gestão forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

8.1%

Forecasted Capital Goods 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 Inapa - Investimentos Participações e Gestão 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 Inapa - Investimentos Participações e Gestão performed over the past 5 years?

-32.2%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: INA is unprofitable, and losses have increased over the past 5 years at a rate of -32.2% per year.

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

Earnings vs Industry: INA is unprofitable, making it difficult to compare its past year earnings growth to the Trade Distributors industry (7.5%).


Return on Equity

High ROE: INA has a negative Return on Equity (-2.01%), as it is currently unprofitable.


Return on Assets

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


Return on Capital Employed

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


Next Steps

Financial Health

How is Inapa - Investimentos Participações e Gestão's financial position?


Financial Position Analysis

Short Term Liabilities: INA's short term assets (€246.4M) exceeds its short term liabilities (€193.3M)

Long Term Liabilities: INA's short term assets (246.4M) do not cover its long term liabilities (304.4M)


Debt to Equity History and Analysis

Debt Level: INA's debt to equity ratio (159.9%) is considered high

Reducing Debt: INA's debt to equity ratio has reduced from 175.7% to 159.9% over the past 5 years.

Debt Coverage: INA's debt is not well covered by operating cash flow (8.5%).

Interest Coverage: INA is unprofitable, therefore interest payments are not well covered by earnings.


Balance Sheet

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

Debt Coverage by Assets: INA's debt is not covered by short term assets (assets are 0.9x debt).


Next Steps

Dividend

What is Inapa - Investimentos Participações e Gestão's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%3.0%markettop25%6.7%industryaverage2.6%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

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

High Dividend: Unable to evaluate INA'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 INA's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if INA'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 INA's dividend in 3 years as they are not forecast to pay a notable one for the Portuguese market.


Next Steps

Management

What is the CEO of Inapa - Investimentos Participações e Gestão's salary, the management and board of directors tenure and is there insider trading?

4.0yrs

Average board tenure


CEO

Diogo Francisco Bastos Rezende (51yo)

0yrs

Tenure

€354,387

Compensation

Mr. Diogo Francisco Bastos Mendes Rezende is Chairman At Investimentos Participacoes E Gestao Sa (Inapa) since May 4, 2018 and serves as its Chief Executive Officer. Mr. Rezende served as Vice-Chairman at  ...


CEO Compensation Analysis

Compensation vs. Market: Diogo Francisco Bastos's total compensation ($USD394.77K) is above average for companies of similar size in the Portuguese market ($USD111.19K).

Compensation vs Earnings: Diogo Francisco Bastos's compensation has increased whilst the company is unprofitable.


Board Age and Tenure

4.0yrs

Average Tenure

54yo

Average Age

Experienced Board: INA's board of directors are considered experienced (4 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

  • James Sibert

    Chief Executive Officer of U.K Operations

    • Tenure: 0yrs
  • Casimiro Silva Santos

    Portugal Chief Executive Officer

    • Tenure: 0yrs
  • Arndt Jost Klippgen (69yo)

    CEO of Germany

    • Tenure: 0yrs
    • Compensation: €10.50k
  • Patrice Bourgeois

    Chief Executive Officer of France

    • Tenure: 0yrs
  • Sofia Barata

    Secretary

    • Tenure: 0yrs
  • Ana Callet

    Head of Internal Audit Department - Inapa Group

    • Tenure: 8.5yrs
  • Carlos Jorge

    Chief Information Officer

    • Tenure: 0yrs
  • António José Nogueira Domingues

    Investor Relations Officer

    • Tenure: 0yrs
  • António José da Silva Albuquerque (66yo)

    Chief Financial Officer

    • Tenure: 0yrs
    • Compensation: €262.05k
  • Diogo Francisco Bastos Rezende (51yo)

    Chairman & CEO

    • Tenure: 0yrs
    • Compensation: €354.39k

Board Members

  • João Miguel de Sales Luís (59yo)

    Independent Non-Executive Director

    • Tenure: 6.4yrs
    • Compensation: €16.50k
  • Diogo Francisco Bastos Rezende (51yo)

    Chairman & CEO

    • Tenure: 0yrs
    • Compensation: €354.39k
  • Frederico João De Lupi (54yo)

    Executive Director

    • Tenure: 4yrs
    • Compensation: €262.05k

Company Information

Inapa - Investimentos, Participações e Gestão, S.A.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Inapa - Investimentos, Participações e Gestão, S.A.
  • Ticker: INA
  • Exchange: ENXTLS
  • Founded: 1965
  • Industry: Trading Companies and Distributors
  • Sector: Capital Goods
  • Market Cap: €7.770m
  • Shares outstanding: 150.00m
  • Website: https://www.inapa.pt

Number of Employees


Location

  • Inapa - Investimentos, Participações e Gestão, S.A.
  • Rua Braamcamp, 40–9ºD
  • Lisbon
  • Lisbon
  • 1250-050
  • Portugal

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
INAENXTLS (Euronext Lisbon)YesOrdinary SharesPTEURJan 1992
INAUBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBEURJan 1992
IPBDB (Deutsche Boerse AG)YesOrdinary SharesDEEURJan 1992
INACENXTLS (Euronext Lisbon)RFD SEPTEMBER2019PTEURSep 2019

Biography

Inapa - Investimentos, Participações e Gestão, S.A., through its subsidiaries, distributes and sells paper products in Portugal and internationally. It operates through three segments: Paper Supply, Packag ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/19 20:37
End of Day Share Price2019/10/16 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.