NasdaqCM:IFMK

Stock Analysis Report

Executive Summary

iFresh Inc. operates a network of grocery supermarket chains in the north-eastern United States.

Risk Analysis

Earnings have declined by -89.65% per year over past 5 years

Has less than 1 year of cash runway

Does not have a meaningful market cap ($7M)

Currently unprofitable and not forecast to become profitable over the next 3 years

+ 2 more risks


Snowflake Analysis

Weak fundamentals or lack of information.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: IFMK's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-6.8%

IFMK

0.2%

US Consumer Retailing

1.1%

US Market


1 Year Return

-60.5%

IFMK

17.5%

US Consumer Retailing

17.8%

US Market

Return vs Industry: IFMK underperformed the US Consumer Retailing industry which returned 17.5% over the past year.

Return vs Market: IFMK underperformed the US Market which returned 17.8% over the past year.


Shareholder returns

IFMKIndustryMarket
7 Day-6.8%0.2%1.1%
30 Day-17.6%-0.4%1.4%
90 Day-80.9%2.4%3.9%
1 Year-60.5%-60.5%19.8%17.5%20.3%17.8%
3 Yearn/a47.9%38.5%44.8%35.4%
5 Yearn/a56.4%39.5%71.3%52.4%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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


In this section, we usually try to help investors determine whether iFresh is trading at an attractive price based on the cash flow it is expected to produce in the future. But as iFresh has not provided consistent financial data, and the stock also has no analyst forecast or coverage, its intrinsic value cannot be reliably calculated by extrapolating past data or using analyst consensus cash flow predictions.

This is quite a rare situation as 89% of companies covered by Simply Wall St do have a valuation analysis.


Next Steps

Future Growth

How is iFresh forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

5.0%

Forecasted Consumer Retailing 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 iFresh has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has iFresh performed over the past 5 years?

-89.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: IFMK is currently unprofitable.

Growing Profit Margin: IFMK is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: IFMK is unprofitable, and losses have increased over the past 5 years at a rate of -89.7% per year.

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

Earnings vs Industry: IFMK is unprofitable, making it difficult to compare its past year earnings growth to the Consumer Retailing industry (-20.1%).


Return on Equity

High ROE: IFMK's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is iFresh's financial position?


Financial Position Analysis

Short Term Liabilities: IFMK has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.

Long Term Liabilities: IFMK has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.


Debt to Equity History and Analysis

Debt Level: IFMK has negative shareholder equity, which is a more serious situation than a high debt level.

Reducing Debt: IFMK's has negative shareholder equity, so we do not need to check if its debt has reduced over time.


Balance Sheet

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

Debt Coverage by Assets: IFMK has negative shareholder equity (liabilities exceed assets) therefore debt is not covered by short term assets.


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.

Stable Cash Runway: IFMK has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: IFMK has less than a year of cash runway if free cash flow continues to reduce at historical rates of -58.2% each year


Next Steps

Dividend

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


Dividend Yield vs Market

companyn/amarketbottom25%1.4%markettop25%3.7%industryaverage1.7%forecastin3Yearsn/a

Current dividend yield vs market & industry

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

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


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if IFMK's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if IFMK's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

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


Next Steps

Management

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

1.9yrs

Average management tenure


CEO

Long Deng (50yo)

2.8yrs

Tenure

US$691,400

Compensation

Mr. Long Deng has been Executive Chairman, Chief Operating Officer and Chief Executive Officer of iFresh Inc. since February 10, 2017. Mr. Deng is the founder of NYM and has served as Chief Operating Offic ...


CEO Compensation Analysis

Compensation vs Market: Long's total compensation ($USD691.40K) is above average for companies of similar size in the US market ($USD529.29K).

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


Management Age and Tenure

1.9yrs

Average Tenure

46yo

Average Age

Experienced Management: IFMK's management team is not considered experienced ( 1.9 years average tenure), which suggests a new team.


Board Age and Tenure

0.3yrs

Average Tenure

54yo

Average Age

Experienced Board: IFMK's board of directors are not considered experienced ( 0.3 years average tenure), which suggests a new board.


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$3,06601 May 19
Jay Walder
EntityIndividual
Role
Member of the Board of Directors
Director
Shares3,000
Max PriceUS$1.04
SellUS$1,22209 Apr 19
Jay Walder
EntityIndividual
Role
Member of the Board of Directors
Director
Shares1,000
Max PriceUS$1.22
SellUS$1,17002 Apr 19
Jay Walder
EntityIndividual
Role
Member of the Board of Directors
Director
Shares1,000
Max PriceUS$1.17
SellUS$1,19019 Mar 19
Jay Walder
EntityIndividual
Role
Member of the Board of Directors
Director
Shares1,000
Max PriceUS$1.19
BuyUS$7,050,74121 Feb 19
HK Xu Ding Co, Limited
EntityCompany
Shares8,294,989
Max PriceUS$0.85
SellUS$7,050,74112 Feb 19
Long Deng
EntityIndividual
Role
Chief Executive Officer
Executive Chairman
Shares8,294,989
Max PriceUS$0.85

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 18.3%.


Management Team

  • Bert Weil

    Co-Chief Restructuring Officer

    • Tenure: 0.6yrs
  • Richard Xu (42yo)

    Vice President of Investor Relations

    • Tenure: 2.8yrs
  • Long Yi (41yo)

    Chief Financial Officer

    • Tenure: 0.9yrs
  • Long Deng (50yo)

    Executive Chairman

    • Tenure: 2.8yrs
    • Compensation: US$691.40k
  • Lilly Deng (50yo)

    VP of Legal & Finance and Director

    • Tenure: 2.8yrs
    • Compensation: US$130.00k
  • Shawn Ren

    Administration Manager

    • Tenure: 0yrs
  • Marjorie Henrich

    Co-Chief Restructuring Officer

    • Tenure: 0.6yrs

Board Members

  • Harvey Leibowitz (83yo)

    Independent Director

    • Tenure: 1.7yrs
    • Compensation: US$6.90k
  • Long Deng (50yo)

    Executive Chairman

    • Tenure: 2.8yrs
    • Compensation: US$691.40k
  • Lilly Deng (50yo)

    VP of Legal & Finance and Director

    • Tenure: 2.8yrs
    • Compensation: US$130.00k
  • Mark Fang (51yo)

    Director

    • Tenure: 0.4yrs
    • Compensation: US$6.90k
  • Jay Walder (58yo)

    Director

    • Tenure: 0.4yrs
    • Compensation: US$6.90k
  • Xianhai Huang

    Director

    • Tenure: 0.3yrs
  • Xing Xie (57yo)

    Director

    • Tenure: 0.3yrs
  • Baofeng Pan

    Director

    • Tenure: 0.3yrs
  • Haotian Wu

    Director

    • Tenure: 0.3yrs
  • Weixiang Jiang

    Director

    • Tenure: 0.3yrs

Company Information

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


Key Information

  • Name: iFresh Inc.
  • Ticker: IFMK
  • Exchange: NasdaqCM
  • Founded: 1995
  • Industry: Food Retail
  • Sector: Consumer Retailing
  • Market Cap: US$6.884m
  • Shares outstanding: 18.35m
  • Website: https://www.ifreshmarket.com

Number of Employees


Location

  • iFresh Inc.
  • 2-39 54th Avenue
  • Long Island City
  • New York
  • 11101
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
IFMKNasdaqCM (Nasdaq Capital Market)YesOrdinary SharesUSUSDFeb 2017
IFEBST (Boerse-Stuttgart)YesOrdinary SharesDEEURFeb 2017

Biography

iFresh Inc. operates a network of grocery supermarket chains in the north-eastern United States. The company’s chains provide vegetables, seafood, meat, fruits, snacks, seasonings, and other products. It a ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/12/11 00:55
End of Day Share Price2019/12/10 00:00
Earnings2019/09/30
Annual Earnings2019/03/31


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.