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Impax Environmental Markets

OTCPK:IMXX.F
Snowflake Description

Undervalued with acceptable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
IMXX.F
OTCPK
£487M
Market Cap
  1. Home
  2. US
  3. Diversified Financials
Company description

Impax Environmental Markets plc is a closed ended equity mutual fund launched and managed by Impax Asset Management (AIFM) Limited. The last earnings update was 112 days ago. More info.


Add to Portfolio Compare Print
  • Impax Environmental Markets is a fund or ETF! Currently our data availability for these is poor, we only recommend using them as part of a portfolio.
IMXX.F Share Price and Events
7 Day Returns
0%
OTCPK:IMXX.F
1.2%
US Capital Markets
0.7%
US Market
1 Year Returns
-
OTCPK:IMXX.F
4.6%
US Capital Markets
10.1%
US Market
IMXX.F Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Impax Environmental Markets (IMXX.F) 0% 0% - - - -
US Capital Markets 1.2% 0% -5.2% 4.6% 45.7% 80.5%
US Market 0.7% -0.2% -4.4% 10.1% 51.7% 95%
1 Year Return vs Industry and Market
  • No trading data on IMXX.F.
  • No trading data on IMXX.F.
Price Volatility
IMXX.F
Industry
5yr Volatility vs Market

IMXX.F Value

 Is Impax Environmental Markets 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 Impax Environmental Markets 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 Impax Environmental Markets.

OTCPK:IMXX.F Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= £2.43 * 15%
£0.37
Book Value of Equity per Share Median Book Value from the past 5 years. £2.43
Discount Rate (Cost of Equity) See below 8.6%
Perpetual Growth Rate 10-Year US Government Bond Rate 3%

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 OTCPK:IMXX.F
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 3%
Equity Risk Premium S&P Global 7.1%
Capital Markets Unlevered Beta Simply Wall St/ S&P Global 0.73
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.731 (1 + (1- 19%) (6.12%))
0.767
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.95% + (0.8 * 7.05%)
8.59%

Discounted Cash Flow Calculation for OTCPK:IMXX.F using Excess Returns Model Model

The calculations below outline how an intrinsic value for Impax Environmental Markets is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

OTCPK:IMXX.F Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (15% – 8.59%) * £2.43)
£0.16
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= £0.16 / (8.59% - 2.95%)
£2.79
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= £2.43 + £2.79
£5.22
OTCPK:IMXX.F Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in OTCPK:IMXX.F represents 1.25461x of LSE:IEM
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.25461x
Value per Share
(Listing Adjusted, USD)
= Value per Share (GBP) x Listing Adjustment Factor
= £ 5.22 x 1.25461
$6.55
Value per share (USD) From above. $6.55
Current discount Discount to share price of $3.40
= -1 x ($3.40 - $6.55) / $6.55
48.1%

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

Current Discount
Amount off the current price Impax Environmental Markets is available for.
Intrinsic value
48%
Share price is $3.4 vs Future cash flow value of $6.55
Current Discount Checks
For Impax Environmental Markets to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Impax Environmental Markets's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Impax Environmental Markets'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 Impax Environmental Markets's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Impax Environmental Markets's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:IMXX.F PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-06-30) in GBP £0.15
LSE:IEM Share Price ** LSE (2018-08-23) in GBP £2.71
United States of America Capital Markets Industry PE Ratio Median Figure of 69 Publicly-Listed Capital Markets Companies 21.13x
United States of America Market PE Ratio Median Figure of 2,983 Publicly-Listed Companies 18.09x

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

** Primary Listing of Impax Environmental Markets.

OTCPK:IMXX.F PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= LSE:IEM Share Price ÷ EPS (both in GBP)

= 2.71 ÷ 0.15

17.67x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Impax Environmental Markets is good value based on earnings compared to the US Capital Markets industry average.
  • Impax Environmental Markets is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Impax Environmental Markets's expected growth come at a high price?
Raw Data
OTCPK:IMXX.F PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 17.67x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
United States of America Capital Markets Industry PEG Ratio Median Figure of 33 Publicly-Listed Capital Markets Companies 1.9x
United States of America Market PEG Ratio Median Figure of 2,097 Publicly-Listed Companies 1.24x

*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 Impax Environmental Markets, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Impax Environmental Markets's assets?
Raw Data
OTCPK:IMXX.F PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-06-30) in GBP £2.77
LSE:IEM Share Price * LSE (2018-08-23) in GBP £2.71
United States of America Capital Markets Industry PB Ratio Median Figure of 126 Publicly-Listed Capital Markets Companies 4.65x
United States of America Market PB Ratio Median Figure of 4,987 Publicly-Listed Companies 1.87x
OTCPK:IMXX.F PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= LSE:IEM Share Price ÷ Book Value per Share (both in GBP)

= 2.71 ÷ 2.77

0.98x

* Primary Listing of Impax Environmental Markets.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Impax Environmental Markets is good value based on assets compared to the US Capital Markets industry average.
X
Value checks
We assess Impax Environmental Markets'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 Capital Markets 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 Capital Markets industry average (and greater than 0)? (1 check)
  5. Impax Environmental Markets has a total score of 5/6, 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.

IMXX.F Future Performance

 How is Impax Environmental Markets expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

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 Impax Environmental Markets 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 Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

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
8%
Expected Capital Markets industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Impax Environmental Markets expected to grow at an attractive rate?
  • Unable to compare Impax Environmental Markets's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Impax Environmental Markets's earnings growth to the United States of America market average as no estimate data is available.
  • Unable to compare Impax Environmental Markets's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
OTCPK:IMXX.F Future Growth Rates Data Sources
Data Point Source Value (per year)
United States of America Capital Markets Industry Earnings Growth Rate Market Cap Weighted Average 8%
United States of America Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average 5%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*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
Raw Data
OTCPK:IMXX.F Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in GBP Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:IMXX.F Past Financials Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income *
2018-06-30 35 2 28
2018-03-31 56 2 49
2017-12-31 77 2 70
2017-09-30 91 -23 85
2017-06-30 106 -28 100
2017-03-31 119 -13 113
2016-12-31 132 1 126
2016-09-30 104 18 99
2016-06-30 77 35 71
2016-03-31 51 27 45
2015-12-31 24 20 19
2015-09-30 19 20 14

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Impax Environmental Markets is high growth as no earnings estimate data is available.
  • Unable to determine if Impax Environmental Markets is high growth as no revenue estimate data is available.
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
OTCPK:IMXX.F 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 0 Analyst Estimates (S&P Global) See Below

All data from Impax Environmental Markets Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:IMXX.F Past Financials Data
Date (Data in GBP Millions) EPS *
2018-06-30 0.15
2018-03-31 0.27
2017-12-31 0.38
2017-09-30 0.46
2017-06-30 0.53
2017-03-31 0.59
2016-12-31 0.64
2016-09-30 0.49
2016-06-30 0.34
2016-03-31 0.21
2015-12-31 0.09
2015-09-30 0.06

*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.
  • Unable to establish if Impax Environmental Markets will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Impax Environmental Markets'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 United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America 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.
Impax Environmental Markets has a total score of 0/6, 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.

IMXX.F Past Performance

  How has Impax Environmental Markets 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 Impax Environmental Markets's growth in the last year to its industry (Capital Markets).
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.
  • Impax Environmental Markets's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.
  • Impax Environmental Markets's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Impax Environmental Markets's 1-year earnings growth is negative, it can't be compared to the US Capital Markets industry average.
Earnings and Revenue History
Impax Environmental Markets'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 Impax Environmental Markets Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:IMXX.F Past Revenue, Cash Flow and Net Income Data
Date (Data in GBP Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-06-30 34.66 27.61 5.22
2018-03-31 55.74 48.81 5.16
2017-12-31 76.81 70.01 5.09
2017-09-30 91.50 84.92 4.98
2017-06-30 106.18 99.83 4.87
2017-03-31 118.90 112.88 4.71
2016-12-31 131.61 125.92 4.55
2016-09-30 104.11 98.66 4.34
2016-06-30 76.61 71.40 4.12
2016-03-31 50.52 45.33 4.13
2015-12-31 24.43 19.26 4.14
2015-09-30 18.96 13.76 4.15
2015-06-30 13.49 8.25 4.15
2015-03-31 11.83 6.69 4.17
2014-12-31 10.16 5.13 4.19
2014-09-30 36.96 32.06 4.22
2014-06-30 63.76 58.99 4.26
2014-03-31 83.98 79.31 4.21
2013-12-31 104.19 99.64 4.17
2013-09-30 91.11 86.64 4.08
2013-06-30 78.03 73.64 3.98
2013-03-31 52.34 47.99 3.98
2012-12-31 26.65 22.35 3.97
2012-09-30 -19.47 -23.90 4.06
2012-06-30 -65.60 -70.16 4.16
2012-03-31 -71.40 -76.13 4.33
2011-12-31 -77.20 -82.10 4.50

*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.
  • Impax Environmental Markets has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Impax Environmental Markets used its assets more efficiently than the US Capital Markets industry average last year based on Return on Assets.
  • Impax Environmental Markets has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Impax Environmental Markets'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 Capital Markets 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.
Impax Environmental Markets has a total score of 3/6, 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.

IMXX.F Health

 How is Impax Environmental Markets'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 Impax Environmental Markets's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Impax Environmental Markets's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Impax Environmental Markets has no long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Impax Environmental Markets'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 0.2x 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 Impax Environmental Markets Company Filings, last reported 4 months ago.

OTCPK:IMXX.F Past Debt and Equity Data
Date (Data in GBP Millions) Total Equity Total Debt Cash & Short Term Investments
2018-06-30 498.32 29.79 5.85
2018-03-31 498.32 29.79 5.85
2017-12-31 506.91 29.44 13.05
2017-09-30 506.91 29.44 13.05
2017-06-30 475.22 29.12 5.69
2017-03-31 475.22 29.12 5.69
2016-12-31 465.26 30.43 13.10
2016-09-30 465.26 30.43 13.10
2016-06-30 413.76 31.56 11.08
2016-03-31 413.76 31.56 11.08
2015-12-31 371.60 30.36 3.29
2015-09-30 371.60 30.36 3.29
2015-06-30 377.24 29.42 11.59
2015-03-31 377.24 29.42 11.59
2014-12-31 373.70 30.99 7.18
2014-09-30 373.70 30.99 7.18
2014-06-30 382.10 29.62 7.61
2014-03-31 382.10 29.62 7.61
2013-12-31 386.00 0.00 2.95
2013-09-30 386.00 0.00 2.95
2013-06-30 354.35 0.00 1.31
2013-03-31 354.35 0.00 1.31
2012-12-31 341.21 0.00 6.87
2012-09-30 341.21 0.00 6.87
2012-06-30 329.90 0.00 1.07
2012-03-31 329.90 0.00 1.07
2011-12-31 344.75 0.00 1.16
  • Impax Environmental Markets's level of debt (6%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (0% vs 6% today).
  • Debt is not well covered by operating cash flow (6%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 47.1x coverage).
X
Financial health checks
We assess Impax Environmental Markets'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. Impax Environmental Markets has a total score of 3/6, 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.

IMXX.F Dividends

 What is Impax Environmental Markets'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
0.92%
Current annual income from Impax Environmental Markets dividends.
If you bought $2,000 of Impax Environmental Markets shares you are expected to receive $18 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?
  • Impax Environmental Markets's pays a lower dividend yield than the bottom 25% of dividend payers in United States of America (1.37%).
  • Impax Environmental Markets's dividend is below the markets top 25% of dividend payers in United States of America (3.51%).
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
OTCPK:IMXX.F 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 0 Analyst Estimates (S&P Global) See Below
United States of America Capital Markets Industry Average Dividend Yield Market Cap Weighted Average of 43 Stocks 2.1%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1979 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.5%

Industry and Market average data is calculated daily.

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

OTCPK:IMXX.F Past Annualized Dividends Data
Date (Data in £) Dividend per share (annual) Avg. Yield (%)
2018-03-28 0.025 0.928
2017-04-07 0.020 0.795
2017-04-05 0.020 0.866
2016-03-29 0.015 0.728
2016-03-23 0.015 0.858
2015-04-29 0.014 0.912
2015-03-31 0.014 0.859
2014-04-04 0.012 0.800
2013-04-03 0.009 0.648
2012-04-12 0.009 0.888
2012-04-04 0.009 0.916
2011-04-01 0.008 0.722
2010-03-24 0.008 0.640
2009-12-31 0.008 0.643
2009-03-17 0.009 0.842
2008-11-20 0.003 0.355

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Impax Environmental Markets's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (6.1x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Impax Environmental Markets's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - 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 Impax Environmental Markets afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Impax Environmental Markets has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

IMXX.F Management

 What is the CEO of Impax Environmental Markets'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.
  • Impax Environmental Markets has no CEO, or we have no data on them.
Management Team

Bruce Jenkyn-Jones

TITLE
Portfolio Manager
AGE
52
Board of Directors Tenure

Average tenure and age of the Impax Environmental Markets board of directors in years:

6.7
Average Tenure
64.5
Average Age
  • The tenure for the Impax Environmental Markets board of directors is about average.
Board of Directors

Johnny Scott

TITLE
Chairman
COMPENSATION
£18K
AGE
66
TENURE
4.5 yrs

Willy Rickett

TITLE
Non-Executive Director
COMPENSATION
£20K
AGE
65
TENURE
7.8 yrs

Julia Le Blan

TITLE
Non-Executive Director
COMPENSATION
£24K
AGE
64
TENURE
7.8 yrs

Vicky Hastings

TITLE
Non-Executive Director
COMPENSATION
£12K
AGE
52
TENURE
5.5 yrs

Aine Kelly

TITLE
Director
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 Impax Environmental Markets'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. Impax Environmental Markets 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.

IMXX.F News

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IMXX.F Company Info

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Description

Impax Environmental Markets plc is a closed ended equity mutual fund launched and managed by Impax Asset Management (AIFM) Limited. The fund invests in public equity markets across the globe. It seeks to invest in stocks of companies which provide, utilize, implement or advise upon technology-based systems, products or services in environmental markets, particularly of those in the alternative energy and energy efficiency, water treatment and pollution control, and waste technology and resource management sectors. The fund invests in growth stocks of companies across all market capitalizations. It employs fundamental analysis to create its portfolio. The fund benchmarks the performance of its portfolio against the MSCI AC World Index and the FTSE ET100 Index. Impax Environmental Markets plc was formed on February 22, 2002 and is domiciled in the United Kingdom.

Details
Name: Impax Environmental Markets plc
IMXX.F
Exchange: OTCPK
Founded: 2002
£626,108,738
180,039,246
Website: http://www.impaxenvironmentalmarkets.co.uk
Address: Impax Environmental Markets plc
Norfolk House,
31 St. James' Square,
London,
SW1Y 4JR,
United Kingdom
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
LSE IEM Ordinary Shares London Stock Exchange GB GBP 22. Feb 2002
OTCPK IMXX.F Ordinary Shares Pink Sheets LLC US USD 22. Feb 2002
BATS-CHIXE IEML Ordinary Shares BATS 'Chi-X Europe' GB GBP 22. Feb 2002
Number of employees
Current staff
Staff numbers
5
Impax Environmental Markets employees.
Industry
Asset Management and Custody Banks
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2018/11/19 22:08
End of day share price update: 2018/08/23 00:00
Last earnings filing: 2018/07/30
Last earnings reported: 2018/06/30
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.