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Impresa - Sociedade Gestora de Participações Sociais

ENXTLS:IPR
Snowflake Description

Fair value with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
IPR
ENXTLS
€27M
Market Cap
  1. Home
  2. PT
  3. Media
Company description

Impresa - Sociedade Gestora de Participações Sociais, S.A., through its subsidiaries, operates in the media industry in Portugal. The last earnings update was 13 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
-4.7%
ENXTLS:IPR
-0.1%
Europe Media
-0.8%
PT Market
1 Year Returns
-57%
ENXTLS:IPR
-7.8%
Europe Media
-9.4%
PT Market
IPR Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Impresa - Sociedade Gestora de Participações Sociais (IPR) -4.7% -14.7% -35.8% -57% -66.8% -85.9%
Europe Media -0.1% -2.9% -6.8% -7.8% -15.1% -11.2%
PT Market -0.8% -2.4% -10.8% -9.4% -47.7% 7.4%
1 Year Return vs Industry and Market
  • IPR underperformed the Media industry which returned -7.8% over the past year.
  • IPR underperformed the Market in Portugal which returned -9.4% over the past year.
Price Volatility
IPR
Industry
5yr Volatility vs Market

IPR Value

 Is Impresa - Sociedade Gestora de Participações Sociais 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 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.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Impresa - Sociedade Gestora de Participações Sociais.

ENXTLS:IPR Discounted Cash Flow Data Sources
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 18.5%
Perpetual Growth Rate 10-Year PT Government Bond Rate 1.5%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for ENXTLS:IPR
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year PT Govt Bond Rate 1.5%
Equity Risk Premium S&P Global 8.5%
Media Unlevered Beta Simply Wall St/ S&P Global 0.54
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.541 (1 + (1- 21%) (727.81%))
3.652
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)
= 1.51% + (2 * 8.49%)
18.49%

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.

ENXTLS:IPR DCF 1st Stage: Next 5 year cash flow forecast
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 (@ 18.49%)
11.82 9.26 7.21 5.77 4.62
Present value of next 5 years cash flows €38.68
ENXTLS:IPR DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2023 × (1 + g) ÷ (Discount Rate – g)
= €10.80 × (1 + 1.51%) ÷ (18.49% – 1.51%)
€64.54
Present Value of Terminal Value = Terminal Value ÷ (1 + r)5
= €64.54 ÷ (1 + 18.49%)5
€27.63
ENXTLS:IPR Total Equity Value
Calculation Result
Total Equity Value = Present value of next 5 years cash flows + Terminal Value
= €38.68 + €27.63
€66.32
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €66.32 / 168.00
€0.39
ENXTLS:IPR Discount to Share Price
Calculation Result
Value per share (EUR) From above. €0.39
Current discount Discount to share price of €0.15
= -1 x (€0.15 - €0.39) / €0.39
61.1%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Impresa - Sociedade Gestora de Participações Sociais is available for.
Intrinsic value
>50%
Share price is €0.1534 vs Future cash flow value of €0.39474
Current Discount Checks
For Impresa - Sociedade Gestora de Participações Sociais to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • 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?
Raw Data
ENXTLS:IPR PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in EUR €-0.12
ENXTLS:IPR Share Price ** ENXTLS (2018-12-17) in EUR €0.15
Europe Media Industry PE Ratio Median Figure of 114 Publicly-Listed Media Companies 15.77x
Portugal Market PE Ratio Median Figure of 30 Publicly-Listed Companies 11.03x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Impresa - Sociedade Gestora de Participações Sociais.

ENXTLS:IPR PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ENXTLS:IPR Share Price ÷ EPS (both in EUR)

= 0.15 ÷ -0.12

-1.28x

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?
Raw Data
ENXTLS:IPR PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -1.28x
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 63 Publicly-Listed Media Companies 1.22x
Portugal Market PEG Ratio Median Figure of 18 Publicly-Listed Companies 1.56x

*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?
Raw Data
ENXTLS:IPR PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in EUR €0.74
ENXTLS:IPR Share Price * ENXTLS (2018-12-17) in EUR €0.15
Europe Media Industry PB Ratio Median Figure of 165 Publicly-Listed Media Companies 1.39x
Portugal Market PB Ratio Median Figure of 41 Publicly-Listed Companies 1.07x
ENXTLS:IPR PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ENXTLS:IPR Share Price ÷ Book Value per Share (both in EUR)

= 0.15 ÷ 0.74

0.21x

* 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.
X
Value checks
We assess Impresa - Sociedade Gestora de Participações Sociais's value by looking at:
  1. 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. )
  2. Is the PE ratio less than the market average, and/ or less than the Media industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Media industry average (and greater than 0)? (1 check)
  5. 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

 How is Impresa - Sociedade Gestora de Participações Sociais 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!
Annual Growth Rate
46.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Impresa - Sociedade Gestora de Participações Sociais expected to grow at an attractive rate?
  • Impresa - Sociedade Gestora de Participações Sociais's earnings growth is expected to exceed the low risk savings rate of 1.5%.
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
Raw Data
ENXTLS:IPR Future Growth Rates Data Sources
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 11.4%
Europe Media Industry Revenue Growth Rate Market Cap Weighted Average 3.8%
Portugal Market Earnings Growth Rate Market Cap Weighted Average 10.1%
Portugal Market Revenue Growth Rate Market Cap Weighted Average 3.4%

*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
Raw Data
ENXTLS:IPR Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
ENXTLS:IPR Future Estimates Data
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
ENXTLS:IPR Past Financials Data
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.

Super high growth metrics
High Growth Checks
  • Impresa - Sociedade Gestora de Participações Sociais's earnings are expected to grow significantly at over 20% yearly.
  • Impresa - Sociedade Gestora de Participações Sociais's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
ENXTLS:IPR Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 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 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ENXTLS:IPR Future Estimates Data
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
ENXTLS:IPR Past Financials Data
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%).
X
Future performance checks
We assess Impresa - Sociedade Gestora de Participações Sociais's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
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
Below we compare Impresa - Sociedade Gestora de Participações Sociais's growth in the last year to its industry (Media).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • 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
Impresa - Sociedade Gestora de Participações Sociais's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Impresa - Sociedade Gestora de Participações Sociais Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ENXTLS:IPR Past Revenue, Cash Flow and Net Income Data
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
2011-12-31 248.32 -35.06 3.78

*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.
  • Impresa - Sociedade Gestora de Participações Sociais's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Impresa - Sociedade Gestora de Participações Sociais's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Media industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
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

 How is Impresa - Sociedade Gestora de Participações Sociais'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 Impresa - Sociedade Gestora de Participações Sociais's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • 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
This treemap shows a more detailed breakdown of Impresa - Sociedade Gestora de Participações Sociais's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • 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.
Raw Data

All data from Impresa - Sociedade Gestora de Participações Sociais Company Filings, last reported 2 months ago.

ENXTLS:IPR Past Debt and Equity Data
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
2011-12-31 123.85 235.90 4.30
  • 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.

  • Information is not available.
  • Unable to confirm if Impresa - Sociedade Gestora de Participações Sociais has at least 1 year of cash runway based on growing free cash flows without relevant data.
X
Financial health checks
We assess Impresa - Sociedade Gestora de Participações Sociais's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Impresa - Sociedade Gestora de Participações Sociais has a total score of 1/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. 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

 What is Impresa - Sociedade Gestora de Participações Sociais'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
Dividend payments
0%
Current annual income from Impresa - Sociedade Gestora de Participações Sociais dividends. Estimated to be 0% next year.
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
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • 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.
Raw Data
ENXTLS:IPR Annualized Past and Future Dividends
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 20 Stocks 5%
Portugal Minimum Threshold Dividend Yield 10th Percentile 1.4%
Portugal Bottom 25% Dividend Yield 25th Percentile 3.9%
Portugal Top 25% Dividend Yield 75th Percentile 7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

ENXTLS:IPR Future Dividends Estimate Data
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.
Current Payout to shareholders
What portion of Impresa - Sociedade Gestora de Participações Sociais's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Impresa - Sociedade Gestora de Participações Sociais has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Impresa - Sociedade Gestora de Participações Sociais's dividends in 3 years as they are not expected to pay a notable one for Portugal.
X
Income/ dividend checks
We assess Impresa - Sociedade Gestora de Participações Sociais's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.4%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. 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)
  7. 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

 What is the CEO of Impresa - Sociedade Gestora de Participações Sociais's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Francisco de Balsemão
COMPENSATION €236,000
TENURE AS CEO 2.8 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:

4.7
Average Tenure
  • The tenure for the Impresa - Sociedade Gestora de Participações Sociais management team is about average.
Management Team

Francisco de Balsemão

TITLE
Chief Executive Officer and Director
COMPENSATION
€236K
TENURE
2.8 yrs

José Freire

TITLE
Group Chief Financial Officer and Director of Investor Relations
TENURE
2.8 yrs

Manuel Silva

TITLE
Chairman of the General Assembly
TENURE
6.7 yrs

Rogério de Saldanha Pereira Vieira

TITLE
Company Secretary

Pedro Alves

TITLE
Secretary of the General Assembly
TENURE
6.7 yrs
Board of Directors Tenure

Average tenure and age of the Impresa - Sociedade Gestora de Participações Sociais board of directors in years:

10.9
Average Tenure
78.5
Average Age
  • 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

TITLE
Chairman
COMPENSATION
€106K
AGE
81
TENURE
28.2 yrs

Francisco de Balsemão

TITLE
Chief Executive Officer and Director
COMPENSATION
€236K
TENURE
2.8 yrs

Francisco Supico Pinto Balsemão

TITLE
Deputy Chairman
COMPENSATION
€49K

Alexandre de Azeredo Vaz Pinto

TITLE
Non-Executive Director
COMPENSATION
€40K
AGE
77
TENURE
18.6 yrs

António Barbosa

TITLE
Independent Director
COMPENSATION
€40K
AGE
74
TENURE
11.7 yrs

Maria Luísa de Castro Anacoreta Correia

TITLE
Independent Director
COMPENSATION
€40K
TENURE
10.9 yrs

José Galvão Teles

TITLE
Non-Executive Director
COMPENSATION
€30K
AGE
80
TENURE
9.2 yrs

João Castro

TITLE
Independent Director
COMPENSATION
€30K
TENURE
3.7 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Impresa - Sociedade Gestora de Participações Sociais's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. 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

External News
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Simply Wall St News

How 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 -

How 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 -

Who 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 -

Impresa - 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 -

What 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 -

Is 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 -

What 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 -

IPR 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
€26,577,600
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
Staff numbers
1,069
Impresa - Sociedade Gestora de Participações Sociais employees.
Industry
Broadcasting
Media
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2018/12/17 21:36
End of day share price update: 2018/12/17 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.