NasdaqGS:ICFI

Stock Analysis Report

Executive Summary

ICF International, Inc. provides management, marketing, technology, and policy consulting and implementation services to government and commercial clients in the United States and internationally.

Snowflake

Fundamentals

Slightly overvalued with questionable track record.


Similar Companies

Share Price & News

How has ICF International's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

4.7%

ICFI

-1.3%

US Professional Services

0.07%

US Market


1 Year Return

10.5%

ICFI

20.2%

US Professional Services

8.9%

US Market

Return vs Industry: ICFI underperformed the US Professional Services industry which returned 20.2% over the past year.

Return vs Market: ICFI exceeded the US Market which returned 8.9% over the past year.


Shareholder returns

ICFIIndustryMarket
7 Day4.7%-1.3%0.07%
30 Day0.3%-1.4%-0.3%
90 Day-3.5%-3.5%-1.6%
1 Year11.3%10.5%21.4%20.2%11.3%8.9%
3 Year77.1%74.7%53.7%48.6%46.3%36.8%
5 Year131.4%128.3%83.0%73.0%62.1%44.3%

Price Volatility Vs. Market

How volatile is ICF International's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is ICF International undervalued compared to its fair value and its price relative to the market?

20.5%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: ICFI ($80.96) is trading below our estimate of fair value ($101.85)

Significantly Below Fair Value: ICFI is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: ICFI is poor value based on its PE Ratio (23.4x) compared to the Professional Services industry average (20.2x).

PE vs Market: ICFI is poor value based on its PE Ratio (23.4x) compared to the US market (17.8x).


Price to Earnings Growth Ratio

PEG Ratio: ICFI is poor value based on its PEG Ratio (2.5x)


Price to Book Ratio

PB vs Industry: ICFI is good value based on its PB Ratio (2.3x) compared to the US Professional Services industry average (2.4x).


Next Steps

Future Growth

How is ICF International forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

9.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ICFI's forecast earnings growth (9.5% per year) is above the savings rate (2.7%).

Earnings vs Market: ICFI's earnings (9.5% per year) are forecast to grow slower than the US market (14.5% per year).

High Growth Earnings: ICFI's earnings are forecast to grow, but not significantly.

Revenue vs Market: ICFI's revenue (3.5% per year) is forecast to grow slower than the US market (7.2% per year).

High Growth Revenue: ICFI's revenue (3.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: ICFI's Return on Equity is forecast to be low in 3 years time (11.4%).


Next Steps

Past Performance

How has ICF International performed over the past 5 years?

13.9%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: ICFI's earnings have grown by 13.9% per year over the past 5 years.

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

Earnings vs Industry: ICFI had negative earnings growth (-2.2%) over the past year, making it difficult to compare to the Professional Services industry average (36.8%).


Return on Equity

High ROE: ICFI's Return on Equity (9.8%) is considered low.


Return on Assets

ROA vs Industry: ICFI's Return on Assets is below or equal to the Professional Services industry average last year.


Return on Capital Employed

ROCE Improving: ICFI has improved its Return on Capital Employed over the past 3 years.


Next Steps

Financial Health

How is ICF International's financial position?


Financial Position Analysis

Short Term Liabilities: ICFI's short term assets ($454.2M) exceeds its short term liabilities ($274.0M)

Long Term Liabilities: ICFI's short term assets (454.2M) do not cover its long term liabilities (473.2M)


Debt to Equity History and Analysis

Debt Level: ICFI's debt to equity ratio (43.3%) is considered high

Reducing Debt: ICFI's debt to equity ratio has increased from 27.5% to 43.3% over the past 5 years.

Debt Coverage: ICFI's debt is not well covered by operating cash flow (16.8%).

Interest Coverage: ICFI's interest payments on its debt are well covered by EBIT (9.8x coverage).


Balance Sheet

Inventory Level: ICFI has a low level of unsold assets or inventory.

Debt Coverage by Assets: ICFI's debt is covered by short term assets (assets are 1.574010x debt).


Next Steps

Dividend

What is ICF International's current dividend yield, its reliability and sustainability?

0.69%

Current Dividend Yield


Dividend Yield vs Market

company0.7%marketbottom25%1.4%markettop25%3.7%industryaverage1.5%forecastin3Years0.9%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: ICFI's dividend (0.69%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.45%).

High Dividend: ICFI's dividend (0.69%) is low compared to the top 25% of dividend payers in the US market (3.68%).

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

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


Current Payout to Shareholders

Dividend Coverage: ICFI is not paying a notable dividend for the US market.


Future Payout to Shareholders

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


Next Steps

  • Explore strong dividend paying companies in the Commercial Services industry.

Management

What is the CEO of ICF International's salary, the management and board of directors tenure and is there insider trading?

2.9yrs

Average management tenure


CEO

John Wasson (58yo)

0yrs

Tenure

US$2,058,932

Compensation

Mr. John Wasson has been the President of ICF International Inc. since June 2010 and served as its Chief Operating Officer since 2003 until October 1, 2019. He serves as Chief Executive Officer and Member  ...


CEO Compensation Analysis

Compensation vs. Market: John has recently become CEO, making it difficult to compare their total compensation against companies of similar size in the US market.

Compensation vs Earnings: John's compensation has been consistent with company performance over the past year.


Management Age and Tenure

2.9yrs

Average Tenure

57yo

Average Age

Experienced Management: ICFI's management team is considered experienced (2.9 years average tenure).


Board Age and Tenure

10.3yrs

Average Tenure

64yo

Average Age

Experienced Board: ICFI's board of directors are seasoned and experienced ( 10.3 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.


Recent Insider Transactions

SellUS$99,48631 May 19
Peter Schulte
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares1,372
Max PriceUS$72.51
SellUS$91,57828 May 19
Peter Schulte
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares1,244
Max PriceUS$73.62

Ownership Breakdown


Management Team

  • Jim Lawler (60yo)

    Chief Human Resources Officer & Executive VP

    • Tenure: 0yrs
  • John Wasson (58yo)

    President

    • Tenure: 0yrs
    • Compensation: US$2.06m
  • Sudhakar Kesavan (64yo)

    Executive Chairman

    • Tenure: 20.8yrs
    • Compensation: US$3.64m
  • John George

    Chief Information Officer & Senior VP

    • Tenure: 0yrs
  • Sergio Ostria (56yo)

    Executive Vice President of Energy

    • Tenure: 0yrs
    • Compensation: US$845.23k
  • Matt Maurer

    Chief Marketing Officer

    • Tenure: 2.2yrs
  • Jim Daniel

    Executive VP

    • Tenure: 6yrs
  • James Morgan (54yo)

    Executive VP & CFO

    • Tenure: 7.3yrs
    • Compensation: US$1.59m
  • Theresa Golinvaux (44yo)

    Senior VP

    • Tenure: 0.4yrs
  • Eric Hamann

    Senior Vice President of Corporate Development

    • Tenure: 2.9yrs

Board Members

  • Peter Schulte (61yo)

    Independent Director

    • Tenure: 20.3yrs
    • Compensation: US$199.98k
  • Srikant T. Datar (66yo)

    Independent Director

    • Tenure: 13.3yrs
    • Compensation: US$219.98k
  • Eileen Auen (56yo)

    Independent Lead Director

    • Tenure: 4.3yrs
    • Compensation: US$225.98k
  • John Wasson (58yo)

    President

    • Tenure: 0yrs
    • Compensation: US$2.06m
  • Sudhakar Kesavan (64yo)

    Executive Chairman

    • Tenure: 20.8yrs
    • Compensation: US$3.64m
  • John Handy (74yo)

    Member of the Defense Advisory Board

    • Tenure: 10.3yrs
  • Henry Glisson

    Member of the Defense Advisory Board

    • Tenure: 10.3yrs
  • David McIlvoy

    Member of the Defense Advisory Board

    • Tenure: 10.3yrs
  • Gerald Hoewing

    Member of the Defense Advisory Board

    • Tenure: 10.3yrs
  • Cheryl Grisé (66yo)

    Independent Director

    • Tenure: 7.1yrs
    • Compensation: US$205.98k

Company Information

ICF International, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: ICF International, Inc.
  • Ticker: ICFI
  • Exchange: NasdaqGS
  • Founded: 1969
  • Industry: Research and Consulting Services
  • Sector: Commercial Services
  • Market Cap: US$1.521b
  • Shares outstanding: 18.79m
  • Website: https://www.icf.com

Number of Employees


Location

  • ICF International, Inc.
  • 9300/9302 Lee Highway
  • Fairfax
  • Virginia
  • 22031
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ICFINasdaqGS (Nasdaq Global Select)YesCommon StockUSUSDSep 2006

Biography

ICF International, Inc. provides management, marketing, technology, and policy consulting and implementation services to government and commercial clients in the United States and internationally. The comp ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/22 23:59
End of Day Share Price2019/10/22 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.