Impresa - Sociedade Gestora de Participações Sociais
Impresa - Sociedade Gestora de Participações Sociais, S.A., through its subsidiaries, operates in the media industry in Portugal. The last earnings update was 78 days ago. More info.
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- Impresa - Sociedade Gestora de Participações Sociais has significant price volatility in the past 3 months.
IPR Share Price and Events
7 Day Returns
1 Year Returns
IPR Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Impresa - Sociedade Gestora de Participações Sociais (IPR) | 1.7% | 42.4% | 22.7% | -21.2% | -50.1% | -86.5% |
| Europe Media | 1.3% | 3.3% | 1% | -5.2% | -10.2% | -12% |
| PT Market | 1% | 2.1% | 5.1% | -3.2% | -28% | 7.2% |
1 Year Return vs Industry and Market
- IPR underperformed the Media industry which returned -5.2% over the past year.
- IPR underperformed the Market in Portugal which returned -3.2% over the past year.
IPR Value
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
Impresa - Sociedade Gestora de Participações Sociais
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 Impresa - Sociedade Gestora de Participações Sociais.
| 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 | 18.2% |
| Perpetual Growth Rate | 10-Year PT Government Bond Rate | 1.8% |
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 PT Govt Bond Rate | 1.8% |
| Equity Risk Premium | S&P Global | 8.2% |
| Media Unlevered Beta | Simply Wall St/ S&P Global | 0.57 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.566 (1 + (1- 21%) (535.53%)) |
2.962 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
2 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.82% + (2 * 8.18%) |
18.18% |
Discounted Cash Flow Calculation for ENXTLS:IPR using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for Impresa - Sociedade Gestora de Participações Sociais is arrived at by discounting future cash flows to their present value using the 2 stage method. We use analyst's estimates of cash flows going forward 5 years for the 1st stage, the 2nd stage assumes the company grows at a stable rate into perpetuity.
| 2019 | 2020 | 2021 | 2022 | 2023 | |
| Levered FCF (EUR, Millions) | 14.00 | 13.00 | 12.00 | 11.38 | 10.80 |
| Source | Analyst x1 | Analyst x1 | Analyst x1 | Est @ -5.15% | Est @ -5.15% |
|
Present Value Discounted (@ 18.18%) |
11.85 | 9.31 | 7.27 | 5.84 | 4.68 |
| Present value of next 5 years cash flows | €38.95 |
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2023
× (1 + g) ÷ (Discount Rate – g)
= €10.80 × (1 + 1.82%) ÷ (18.18% – 1.82%) |
€67.22 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)5
= €67.22 ÷ (1 + 18.18%)5 |
€29.17 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 5 years cash flows +
Terminal Value
= €38.95 + €29.17 |
€68.11 |
| Equity Value per Share (EUR) |
= Total value / Shares Outstanding
= €68.11 / 168.00 |
€0.41 |
| Calculation | Result | |
|---|---|---|
| Value per share (EUR) | From above. | €0.41 |
| Current discount | Discount to share price of
€0.22
= -1 x (€0.22 - €0.41) / €0.41 |
47% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
Current Discount
Current Discount Checks
- Impresa - Sociedade Gestora de Participações Sociais's share price is below the future cash flow value, and at a moderate discount (> 20%).
- Impresa - Sociedade Gestora de Participações Sociais's share price is below the future cash flow value, and at a substantial discount (> 40%).
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 Impresa - Sociedade Gestora de Participações Sociais's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Impresa - Sociedade Gestora de Participações Sociais'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 EUR | €-0.12 |
| ENXTLS:IPR Share Price ** | ENXTLS (2019-02-20) in EUR | €0.22 |
| Europe Media Industry PE Ratio | Median Figure of 115 Publicly-Listed Media Companies | 15.53x |
| Portugal Market PE Ratio | Median Figure of 32 Publicly-Listed Companies | 12.08x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Impresa - Sociedade Gestora de Participações Sociais.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = ENXTLS:IPR Share Price ÷ EPS (both in EUR) = 0.22 ÷ -0.12 |
-1.8x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Impresa - Sociedade Gestora de Participações Sociais is loss making, we can't compare its value to the Europe Media industry average.
- Impresa - Sociedade Gestora de Participações Sociais is loss making, we can't compare the value of its earnings to the Portugal market.
Price based on expected Growth
Does
Impresa - Sociedade Gestora de Participações Sociais's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | -1.8x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts |
46.6%per year |
| Europe Media Industry PEG Ratio | Median Figure of 64 Publicly-Listed Media Companies | 1.23x |
| Portugal Market PEG Ratio | Median Figure of 19 Publicly-Listed Companies | 1.66x |
*Line of best fit is calculated by linear regression .
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Unable to calculate PEG ratio for Impresa - Sociedade Gestora de Participações Sociais, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on
Impresa - Sociedade Gestora de Participações Sociais's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2018-09-30) in EUR | €0.74 |
| ENXTLS:IPR Share Price * | ENXTLS (2019-02-20) in EUR | €0.22 |
| Europe Media Industry PB Ratio | Median Figure of 166 Publicly-Listed Media Companies | 1.41x |
| Portugal Market PB Ratio | Median Figure of 43 Publicly-Listed Companies | 1.21x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = ENXTLS:IPR Share Price ÷ Book Value per Share (both in EUR) = 0.22 ÷ 0.74 |
0.29x |
* Primary Listing of Impresa - Sociedade Gestora de Participações Sociais.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Impresa - Sociedade Gestora de Participações Sociais is good value based on assets compared to the Europe Media industry average.
Value checks
We assess Impresa - Sociedade Gestora de Participações Sociais'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 Media 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 Media industry average (and greater than 0)? (1 check) Impresa - Sociedade Gestora de Participações Sociais has a total score of 3/6, 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.
IPR Future Performance
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
- Impresa - Sociedade Gestora de Participações Sociais's earnings growth is expected to exceed the low risk savings rate of 1.8%.
Growth vs Market Checks
- Impresa - Sociedade Gestora de Participações Sociais's earnings growth is expected to exceed the Portugal market average.
- Impresa - Sociedade Gestora de Participações Sociais's revenues are expected to decrease over the next 1-3 years, this is below the Portugal market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| ENXTLS:IPR Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts | 46.6% |
| ENXTLS:IPR Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts | -0.3% |
| Europe Media Industry Earnings Growth Rate | Market Cap Weighted Average | 11.3% |
| Europe Media Industry Revenue Growth Rate | Market Cap Weighted Average | 3.6% |
| Portugal Market Earnings Growth Rate | Market Cap Weighted Average | 9.3% |
| Portugal Market Revenue Growth Rate | Market Cap Weighted Average | 3% |
*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 (4 months ago) | See Below |
| Future Estimates | Average of up to 2 Analyst Estimates (S&P Global) | See Below |
| Date (Data in EUR Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2021-12-31 | 178 | 19 | 8 | 1 |
| 2020-12-31 | 179 | 17 | 8 | 2 |
| 2019-12-31 | 177 | 16 | 7 | 2 |
| 2018-12-31 | 177 | 19 | 5 | 2 |
| Date (Data in EUR Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2018-09-30 | 184 | 13 | -20 |
| 2018-06-30 | 191 | 16 | -19 |
| 2018-03-31 | 196 | 16 | -20 |
| 2017-12-31 | 201 | 14 | -22 |
| 2017-09-30 | 199 | 19 | 3 |
| 2017-06-30 | 198 | 16 | 2 |
| 2017-03-31 | 201 | 13 | 2 |
| 2016-12-31 | 205 | 6 | 3 |
| 2016-09-30 | 216 | 6 | 2 |
| 2016-06-30 | 223 | 13 | 5 |
| 2016-03-31 | 227 | 14 | 4 |
| 2015-12-31 | 229 | 15 | 4 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (4 months ago) | See Below |
| Future Estimates | Average of up to 2 Analyst Estimates (S&P Global) | See Below |
All data from Impresa - Sociedade Gestora de Participações Sociais Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in EUR Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2021-12-31 | 0.05 | 0.05 | 0.05 | 1.00 |
| 2020-12-31 | 0.04 | 0.05 | 0.04 | 2.00 |
| 2019-12-31 | 0.04 | 0.04 | 0.04 | 2.00 |
| 2018-12-31 | 0.03 | 0.03 | 0.03 | 1.00 |
| Date (Data in EUR Millions) | EPS * |
|---|---|
| 2018-09-30 | -0.12 |
| 2018-06-30 | -0.11 |
| 2018-03-31 | -0.12 |
| 2017-12-31 | -0.13 |
| 2017-09-30 | 0.02 |
| 2017-06-30 | 0.01 |
| 2017-03-31 | 0.01 |
| 2016-12-31 | 0.02 |
| 2016-09-30 | 0.01 |
| 2016-06-30 | 0.03 |
| 2016-03-31 | 0.03 |
| 2015-12-31 | 0.02 |
*GAAP earnings excluding extraordinary items.
Performance in 3 years
In the same way as past performance we look at the future estimated return
(profit) compared to the available
funds. We do this looking forward 3 years.
- Impresa - Sociedade Gestora de Participações Sociais is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
Future performance checks
We assess Impresa - Sociedade Gestora de Participações Sociais'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 Europe market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe 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)
Impresa - Sociedade Gestora de Participações Sociais has a total score of 3/6, 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.
IPR Past Performance
How has Impresa - Sociedade Gestora de Participações Sociais 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
- Impresa - Sociedade Gestora de Participações Sociais does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
- Unable to compare Impresa - Sociedade Gestora de Participações Sociais's 1-year earnings growth to the 5-year average as it is not currently profitable.
- Unable to compare Impresa - Sociedade Gestora de Participações Sociais's 1-year growth to the Europe Media industry average as it is not currently profitable.
Earnings and Revenue History
All data from Impresa - Sociedade Gestora de Participações Sociais Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in EUR Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2018-09-30 | 183.62 | -20.09 | 2.45 | |
| 2018-06-30 | 190.66 | -19.26 | 2.98 | |
| 2018-03-31 | 196.09 | -19.54 | 2.98 | |
| 2017-12-31 | 201.28 | -21.65 | 3.01 | |
| 2017-09-30 | 198.96 | 3.23 | 2.79 | |
| 2017-06-30 | 197.88 | 1.65 | 2.94 | |
| 2017-03-31 | 201.45 | 2.46 | 3.05 | |
| 2016-12-31 | 204.96 | 2.76 | 3.13 | |
| 2016-09-30 | 215.51 | 2.35 | 6.00 | |
| 2016-06-30 | 223.13 | 4.58 | 4.99 | |
| 2016-03-31 | 226.92 | 4.40 | 3.32 | |
| 2015-12-31 | 228.90 | 4.03 | 3.39 | |
| 2015-09-30 | 227.90 | 6.54 | 3.53 | |
| 2015-06-30 | 228.37 | 5.74 | 3.53 | |
| 2015-03-31 | 230.88 | 6.97 | 4.38 | |
| 2014-12-31 | 236.56 | 11.01 | 3.53 | |
| 2014-09-30 | 239.27 | 9.51 | 3.38 | |
| 2014-06-30 | 242.57 | 9.30 | 3.38 | |
| 2014-03-31 | 240.36 | 8.67 | 3.38 | |
| 2013-12-31 | 236.43 | 6.60 | 3.38 | |
| 2013-09-30 | 229.02 | 1.03 | 0.85 | |
| 2013-06-30 | 223.28 | -0.87 | 1.59 | |
| 2013-03-31 | 226.22 | -2.76 | 2.48 | |
| 2012-12-31 | 227.15 | -5.22 | 3.27 | |
| 2012-09-30 | 233.91 | -4.61 | 3.34 | |
| 2012-06-30 | 238.76 | -3.58 | 3.46 | |
| 2012-03-31 | 243.43 | -34.94 | 3.64 |
*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.
- It is difficult to establish if Impresa - Sociedade Gestora de Participações Sociais has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
- It is difficult to establish if Impresa - Sociedade Gestora de Participações Sociais has efficiently used its assets last year compared to the Europe Media industry average (Return on Assets) as it is loss-making.
- It is difficult to establish if Impresa - Sociedade Gestora de Participações Sociais improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
Past performance checks
We assess Impresa - Sociedade Gestora de Participações Sociais'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 Media 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)
Impresa - Sociedade Gestora de Participações Sociais has a total score of 0/6, 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.
IPR Health
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 Impresa - Sociedade Gestora de Participações Sociais's finances.
The net worth of a company is the difference between its assets and liabilities.
- Impresa - Sociedade Gestora de Participações Sociais's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
- Impresa - Sociedade Gestora de Participações Sociais's long term commitments exceed its cash and other short term assets.
Balance sheet
Assets
Liabilities and shares
- Low level of unsold assets.
- Debt is not covered by short term assets, assets are 0.4x 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 Impresa - Sociedade Gestora de Participações Sociais Company Filings, last reported 4 months ago.
| Date (Data in EUR Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2018-09-30 | 123.81 | 193.44 | 5.03 |
| 2018-06-30 | 124.88 | 191.94 | 7.43 |
| 2018-03-31 | 121.73 | 188.22 | 2.60 |
| 2017-12-31 | 122.68 | 182.25 | 3.82 |
| 2017-09-30 | 144.08 | 194.87 | 2.28 |
| 2017-06-30 | 144.33 | 192.97 | 3.84 |
| 2017-03-31 | 141.48 | 193.27 | 1.65 |
| 2016-12-31 | 144.24 | 186.70 | 3.49 |
| 2016-09-30 | 141.19 | 201.92 | 1.45 |
| 2016-06-30 | 143.00 | 202.17 | 5.61 |
| 2016-03-31 | 139.33 | 199.27 | 4.38 |
| 2015-12-31 | 141.77 | 182.29 | 3.52 |
| 2015-09-30 | 138.69 | 197.16 | 1.63 |
| 2015-06-30 | 138.27 | 201.73 | 1.37 |
| 2015-03-31 | 134.78 | 201.20 | 2.60 |
| 2014-12-31 | 137.60 | 189.44 | 4.82 |
| 2014-09-30 | 132.42 | 199.06 | 1.47 |
| 2014-06-30 | 132.80 | 203.18 | 2.02 |
| 2014-03-31 | 128.08 | 206.14 | 1.13 |
| 2013-12-31 | 126.87 | 200.75 | 1.43 |
| 2013-09-30 | 121.47 | 211.18 | 0.86 |
| 2013-06-30 | 122.06 | 217.80 | 3.68 |
| 2013-03-31 | 118.02 | 228.85 | 1.77 |
| 2012-12-31 | 120.05 | 220.67 | 1.89 |
| 2012-09-30 | 120.25 | 237.29 | 2.65 |
| 2012-06-30 | 122.73 | 242.29 | 6.67 |
| 2012-03-31 | 120.53 | 247.14 | 5.84 |
- Impresa - Sociedade Gestora de Participações Sociais's level of debt (156.2%) compared to net worth is high (greater than 40%).
- The level of debt compared to net worth has been reduced over the past 5 years (173.7% vs 156.2% today).
CASH RUNWAY ANALYSIS
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
- Whilst loss making Impresa - Sociedade Gestora de Participações Sociais has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
- Whilst loss making Impresa - Sociedade Gestora de Participações Sociais has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by % per year.
Financial health checks
We assess Impresa - Sociedade Gestora de Participações Sociais'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) Impresa - Sociedade Gestora de Participações Sociais has a total score of 3/6, 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.
IPR Dividends
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
€2,000 of
Impresa - Sociedade Gestora de Participações Sociais
shares you are expected to receive
€0
in your first year as a dividend.
Dividend Amount
- Unable to evaluate Impresa - Sociedade Gestora de Participações Sociais's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
- Unable to evaluate Impresa - Sociedade Gestora de Participações Sociais'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 |
| Europe Media Industry Average Dividend Yield | Market Cap Weighted Average of 88 Stocks | 3.9% |
| Portugal Market Average Dividend Yield | Market Cap Weighted Average of 19 Stocks | 4.5% |
| Portugal Minimum Threshold Dividend Yield | 10th Percentile | 1.4% |
| Portugal Bottom 25% Dividend Yield | 25th Percentile | 3.6% |
| Portugal Top 25% Dividend Yield | 75th Percentile | 6.7% |
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 €) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2021-12-31 | ||
| 2020-12-31 | 0.00 | 1.00 |
| 2019-12-31 | 0.00 | 1.00 |
| 2018-12-31 | 0.00 | 1.00 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Unable to perform a dividend volatility check as Impresa - Sociedade Gestora de Participações Sociais has not reported any payouts.
- Unable to verify if Impresa - Sociedade Gestora de Participações Sociais's dividend has been increasing as the company has not reported any payouts.
Income/ dividend checks
We assess Impresa - Sociedade Gestora de Participações Sociais's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 1.4%) - 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 Impresa - Sociedade Gestora de Participações Sociais afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Impresa - Sociedade Gestora de Participações Sociais 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.
IPR Management
CEO
| COMPENSATION | €236,000 |
| TENURE AS CEO | 2.9 years |
CEO Bio
Dr. Francisco Pedro Presas Pinto de Balsemão serves as the Chief Executive Officer and Director of Impresa-Sociedade Gestora de Participacoes Sociais SA since March 6, 2016. He holds a Law Degree from the Law School of Universidade Nova de Lisboa in 2003, Erasmus programme at Universitat Pompeu Fabra, Barcelona in 2002, Masters – LLM, Master's in Law from the University of Oxford, England in 2007, General Management Course at Nova School of Business and Economics of Universidade Nova de Lisboa in 2008, Advanced Management Program from Universidade Católica Portuguesa, Lisbon and Kellogg School of Management, Chicago in 2011.
CEO Compensation
- Insufficient data for Francisco to compare compensation growth.
- Francisco's remuneration is higher than average for companies of similar size in Portugal.
Management Team Tenure
Average tenure of the Impresa - Sociedade Gestora de Participações Sociais management team in years:
- The tenure for the Impresa - Sociedade Gestora de Participações Sociais management team is about average.
Management Team
Francisco de Balsemão
Chief Executive Officer and Director
€236K
2.9 yrs
José Freire
Group CFO & Director of Investor Relations
2.9 yrs
Manuel Silva
Chairman of the General Assembly
6.8 yrs
Rogério de Saldanha Pereira Vieira
Company Secretary
Pedro Alves
Secretary of the General Assembly
6.8 yrs
Board of Directors Tenure
Average tenure and age of the Impresa - Sociedade Gestora de Participações Sociais board of directors in years:
- The average tenure for the Impresa - Sociedade Gestora de Participações Sociais board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors
Francisco de Balsemão
Chairman
€106K
81
28.3 yrs
Francisco de Balsemão
Chief Executive Officer and Director
€236K
2.9 yrs
Francisco Supico Pinto Balsemão
Deputy Chairman
€49K
Alexandre de Azeredo Vaz Pinto
Non-Executive Director
€40K
77
18.8 yrs
António Soares Barbosa
Independent Director
€40K
74
11.8 yrs
Maria Luísa de Castro Anacoreta Correia
Independent Director
€40K
11.1 yrs
José Galvão Teles
Non-Executive Director
€30K
80
9.3 yrs
João Castro
Independent Director
€30K
3.8 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price (€) | Value (€) | |
|---|---|---|---|---|---|---|---|---|---|---|
Management checks
We assess Impresa - Sociedade Gestora de Participações Sociais'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) Impresa - Sociedade Gestora de Participações Sociais 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.
IPR News
Simply Wall St News
Is It Time To Consider Buying Impresa - Sociedade Gestora de Participações Sociais, S.A. (ELI:IPR)?
Impresa - Sociedade Gestora de Participações Sociais, S.A. … received a lot of attention from a substantial price increase on the ENXTLS over the last few months. … Let’s examine Impresa - Sociedade Gestora de Participações Sociais’s valuation and outlook in more detail to determine if there’s still a bargain opportunity
Simply Wall St - – Full articleImpresa - Sociedade Gestora de Participações Sociais, S.A. (ELI:IPR): What Does Its Beta Value Mean For Your Portfolio?
Modern finance theory considers volatility to be a measure of risk, and there are two main types of price volatility. … Some investors use beta as a measure of how much a certain stock is impacted by market risk (volatility). … Any stock with a beta of greater than one is considered more volatile than the market, while those with a beta below one are either less volatile or poorly correlated with the market.
Simply Wall St - – Full articleExamining Impresa - Sociedade Gestora de Participações Sociais, S.A.’s (ELI:IPR) Weak Return On Capital Employed
To be precise, we'll consider its Return On Capital Employed (ROCE), as that will inform our view of the quality of the business. … What is Return On Capital Employed (ROCE)? … ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business.
Simply Wall St - – Full articleHow Much Of Impresa - Sociedade Gestora de Participações Sociais SA (ELI:IPR) Do Institutions Own?
If you want to know who really controls Impresa - Sociedade Gestora de Participações Sociais SA (ELI:IPR), then you'll have to look at the makeup of its share registry. … Insiders often own a large chunk of younger, smaller, companies while huge companies tend to have institutions as shareholders. … Impresa - Sociedade Gestora de Participações Sociais is not a large company by global standards.
Simply Wall St - – Full articleHow Much Did Impresa - Sociedade Gestora de Participações Sociais SA's (ELI:IPR) CEO Pocket Last Year?
In 2016 Francisco de Balsemão was appointed CEO of Impresa - Sociedade Gestora de Participações Sociais SA (ELI:IPR). … Check out our latest analysis for Impresa - Sociedade Gestora de Participações Sociais? … Our data indicates that Impresa - Sociedade Gestora de Participações Sociais SA is worth €32m, and total annual CEO compensation is €236k.
Simply Wall St - – Full articleWho Are The Top Investors In Impresa - Sociedade Gestora de Participações Sociais SA (ELI:IPR)?
In this article, I'm going to take a look at Impresa - Sociedade Gestora de Participações Sociais SA’s (ELI:IPR) latest ownership structure, a non-fundamental factor which is important, but remains a less discussed subject among investors. … The implications of these institutions’ actions can either benefit or hinder individual investors, so it is important to understand the ownership composition of your stock investment. … Check out our latest analysis for Impresa - Sociedade Gestora de Participações Sociais
Simply Wall St - – Full articleImpresa - Sociedade Gestora de Participações Sociais SA (ELI:IPR): Risks You Need To Consider Before Buying
Generally, an investor should consider two types of risk that impact the market value of IPR. … The second type is market risk, one that you cannot diversify away, since it arises from macroeconomic factors which directly affects all the stocks in the market. … The most widely used metric to quantify a stock's market risk is beta, and the market as a whole represents a beta of one.
Simply Wall St - – Full articleWhat Does Impresa - Sociedade Gestora de Participações Sociais SA's (ELI:IPR) Share Price Indicate?
Impresa - Sociedade Gestora de Participações Sociais SA (ELI:IPR), a media company based in Portugal,. … A question to answer is whether Impresa - Sociedade Gestora de Participações Sociais's current trading price of €0.25 reflective of the actual value of the? … Let’s take a look at Impresa - Sociedade Gestora de Participações Sociais’s outlook and value based on the most recent financial data to see if there are any catalysts for a price change
Simply Wall St - – Full articleIs Impresa - Sociedade Gestora de Participações Sociais SA. (ELI:IPR) Undervalued?
The stock’s ratio of 0.36x is currently trading slightly below its industry peers’ ratio of 1.92x, which means if you buy Impresa - Sociedade Gestora de Participações Sociais today, you’d be paying a relatively fair price for it. … And if you believe Impresa - Sociedade Gestora de Participações Sociais should be trading in this range, then there isn’t much room for the share price grow beyond what it’s currently trading. … Furthermore, Impresa - Sociedade Gestora de Participações Sociais’s share price also seems relatively stable compared to the rest of the market, as indicated by its low beta.
Simply Wall St - – Full articleWhat Investors Should Know About Impresa - Sociedade Gestora de Participações Sociais SA.'s (ELI:IPR) Financial Strength
On top of this, IPR has produced €14.11M in operating cash flow during the same period of time, resulting in an operating cash to total debt ratio of 7.74%, signalling that IPR’s debt is not appropriately covered by operating cash. … Looking at IPR’s most recent €177.59M liabilities, it appears that the company is not able to meet these obligations given the level of current assets of €72.57M, with a current ratio of 0.41x below the prudent level of 3x. … Running high debt, while not yet making money, can be risky in unexpected downturns as liquidity may dry up, making it hard to operate.Next Steps: With a high level of debt on its balance sheet, IPR could still be in a financially strong position if its cash flow also stacked up.
Simply Wall St - – Full articleIPR Company Info
Map
Description
Impresa - Sociedade Gestora de Participações Sociais, S.A., through its subsidiaries, operates in the media industry in Portugal. The company operates through Television, Publishing, and Others segments. The Television segment broadcasts SIC, SIC Notícias, SIC Radical, SIC Internacional, SIC Mulher, SIC K, and SIC Caras television channels in free-to-air and by cable under broadcasting licenses. The Publishing segment publishes Expresso, a weekly newspaper, as well as Visão, Exame, and Caras magazines covering various themes, such as business, politics, and society. The Others segment offers aerial photography, cartography, and geo-referenced contents; and operates a photography Website and the Olhares Academy. Impresa - Sociedade Gestora de Participações Sociais, S.A. also provides multimedia production, and real estate management and related services. The company was founded in 1990 and is headquartered in Lisbon, Portugal. Impresa - Sociedade Gestora de Participações Sociais, S.A. is a subsidiary of Impreger - Sociedade Gestora de Participações Sociais, S.A.
Details
| Name: | Impresa - Sociedade Gestora de Participações Sociais, S.A. |
| IPR | |
| Exchange: | ENXTLS |
| Founded: | 1990 |
| €36,120,000 | |
| 168,000,000 | |
| Website: | http://www.impresa.pt |
| Address: |
Impresa - Sociedade Gestora de Participações Sociais, S.A. Rua Ribeiro Sanches, 65, Lisbon, 1200-787, Portugal |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| ENXTLS | IPR | Common Stock | Euronext Lisbon | PT | EUR | 06. Jun 2000 | |
| DB | IR9 | Common Stock | Deutsche Boerse AG | DE | EUR | 06. Jun 2000 | |
| BST | IR9 | Common Stock | Boerse-Stuttgart | DE | EUR | 06. Jun 2000 | |
| LSE | 0M5U | Common Stock | London Stock Exchange | GB | EUR | 06. Jun 2000 | |
| BATS-CHIXE | IPRU | Common Stock | BATS 'Chi-X Europe' | GB | EUR | 06. Jun 2000 |
Number of employees
Current staff
Industry
| Broadcasting | |
| Media |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/02/20 21:57 |
| End of day share price update: | 2019/02/20 00:00 |
| Last estimates confirmation: | 2018/12/05 |
| Last earnings filing: | 2018/12/04 |
| 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.
