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IMP

Impact Developer & ContractorBVB:IMP Stock Report

Market Cap

RON1.1b

7D

1.4%

1Y

189.7%

Updated

24 Oct, 2021

Data

Company Financials
IMP fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance1/6
Financial Health3/6
Dividends0/6

IMP Overview

Impact Developer & Contractor S.A. operates as a real estate developer in Romania.

Price History & Performance

Summary of all time highs, changes and price drops for Impact Developer & Contractor
Historical stock prices
Current Share PriceRON0.70
52 Week HighRON0.23
52 Week LowRON0.71
Beta0.37
1 Month Change8.53%
3 Month Change35.92%
1 Year Change189.66%
3 Year Change346.81%
5 Year Change500.00%
Change since IPO-79.72%

Recent News & Updates

Jun 08
Here's Why Impact Developer & Contractor (BVB:IMP) Has A Meaningful Debt Burden

Here's Why Impact Developer & Contractor (BVB:IMP) Has A Meaningful Debt Burden

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...

Shareholder Returns

IMPRO Real EstateRO Market
7D1.4%1.4%1.6%
1Y189.7%20.3%45.3%

Return vs Industry: IMP exceeded the RO Real Estate industry which returned 20.3% over the past year.

Return vs Market: IMP exceeded the RO Market which returned 45.3% over the past year.

Price Volatility

Is IMP's price volatile compared to industry and market?
IMP volatility
IMP Beta0.37
Industry Beta0.66
Market Beta1

Stable Share Price: IMP is more volatile than 75% of RO stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: IMP's weekly volatility (5%) has been stable over the past year, but is still higher than 75% of RO stocks.

About the Company

FoundedEmployeesCEOWebsite
199157Constantin Sebesanuhttps://www.impactsa.ro

Impact Developer & Contractor S.A. operates as a real estate developer in Romania. The company engages in the construction, development, and sale of residential real estate properties, hotel, office, and retail space projects, as well as rents properties. It also offers property management, interior design, and financial and legal consulting services; and maintenance services.

Impact Developer & Contractor Fundamentals Summary

How do Impact Developer & Contractor's earnings and revenue compare to its market cap?
IMP fundamental statistics
Market CapRON1.09b
Earnings (TTM)RON63.43m
Revenue (TTM)RON208.69m

17.2x

P/E Ratio

5.2x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
IMP income statement (TTM)
RevenueRON208.69m
Cost of RevenueRON146.81m
Gross ProfitRON61.88m
Expenses-RON1.54m
EarningsRON63.43m

Dividends

1.0%

Current Dividend Yield

14%

Payout Ratio

Valuation

Is Impact Developer & Contractor undervalued compared to its fair value and its price relative to the market?

17.17x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: IMP (RON0.7) is trading above our estimate of fair value (RON0.07)

Significantly Below Fair Value: IMP is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: IMP is poor value based on its PE Ratio (17.2x) compared to the European Real Estate industry average (12.2x).

PE vs Market: IMP is poor value based on its PE Ratio (17.2x) compared to the RO market (14.3x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: IMP is overvalued based on its PB Ratio (1.7x) compared to the XE Real Estate industry average (1.1x).


Future Growth

How is Impact Developer & Contractor forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

-10.3%

Forecasted Real Estate 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 Impact Developer & Contractor 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.


Past Performance

How has Impact Developer & Contractor performed over the past 5 years?

31.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: IMP has a large one-off gain of RON65.7M impacting its June 30 2021 financial results.

Growing Profit Margin: IMP's current net profit margins (30.4%) are lower than last year .


Past Earnings Growth Analysis

Earnings Trend: IMP's earnings have grown significantly by 31.9% per year over the past 5 years.

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

Earnings vs Industry: IMP had negative earnings growth (-56.8%) over the past year, making it difficult to compare to the Real Estate industry average (33.7%).


Return on Equity

High ROE: IMP's Return on Equity (10%) is considered low.


Financial Health

How is Impact Developer & Contractor's financial position?


Financial Position Analysis

Short Term Liabilities: IMP's short term assets (RON538.6M) exceed its short term liabilities (RON154.3M).

Long Term Liabilities: IMP's short term assets (RON538.6M) exceed its long term liabilities (RON222.6M).


Debt to Equity History and Analysis

Debt Level: IMP's debt to equity ratio (42.5%) is considered high.

Reducing Debt: IMP's debt to equity ratio has increased from 13.8% to 42.5% over the past 5 years.

Debt Coverage: IMP's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: IMP's interest payments on its debt are well covered by EBIT (3.3x coverage).


Balance Sheet


Dividend

What is Impact Developer & Contractor current dividend yield, its reliability and sustainability?

0.96%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: IMP's dividend (0.96%) isn’t notable compared to the bottom 25% of dividend payers in the RO market (2.82%).

High Dividend: IMP's dividend (0.96%) is low compared to the top 25% of dividend payers in the RO market (5.57%).


Stability and Growth of Payments

Stable Dividend: IMP is not paying a notable dividend for the RO market, therefore no need to check if payments are stable.

Growing Dividend: IMP is not paying a notable dividend for the RO market, therefore no need to check if payments are increasing.


Current Payout to Shareholders

Dividend Coverage: IMP is not paying a notable dividend for the RO market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of IMP's dividend in 3 years as they are not forecast to pay a notable one for the RO market.


Next Steps

Management

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

0.8yrs

Average management tenure


CEO

Constantin Sebesanu

0.75

Tenure

Mr. Constantin Sebesanu serves as Chief Executive Officer at Impact Developer & Contractor S.A. since 2021. Mr. Sebesanu served as Chief Operating Officer at Impact Developer & Contractor S.A. since 2021 u...


Leadership Team

Experienced Management: IMP's management team is not considered experienced ( 0.8 years average tenure), which suggests a new team.


Board Members

Experienced Board: IMP's board of directors are considered experienced (4.5 years average tenure).


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 been diluted in the past year, with total shares outstanding growing by 2.9%.


Top Shareholders

Company Information

Impact Developer & Contractor S.A.'s employee growth, exchange listings and data sources


Key Information

  • Name: Impact Developer & Contractor S.A.
  • Ticker: IMP
  • Exchange: BVB
  • Founded: 1991
  • Industry: Real Estate Development
  • Sector: Real Estate
  • Market Cap: RON1.089b
  • Shares outstanding: 1.56b
  • Website: https://www.impactsa.ro

Number of Employees


Location

  • Impact Developer & Contractor S.A.
  • Willbrook Platinum Business & Convention
  • Building A
  • Bucharest
  • Romania

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/24 16:46
End of Day Share Price2021/10/22 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.