OTCPK:IMXX.F

Stock Analysis Report

Executive Summary

Impax Environmental Markets plc is a closed ended equity mutual fund launched and managed by Impax Asset Management (AIFM) Limited.

Rewards


Snowflake Analysis

Share Price & News

How has Impax Environmental Markets's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: IMXX.F has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0%

IMXX.F

-8.0%

US Capital Markets

-7.4%

US Market


1 Year Return

n/a

IMXX.F

8.3%

US Capital Markets

10.5%

US Market

Return vs Industry: Insufficient data to determine how IMXX.F performed against the US Capital Markets industry.

Return vs Market: Insufficient data to determine how IMXX.F performed against the US Market.


Shareholder returns

IMXX.FIndustryMarket
7 Day0%-8.0%-7.4%
30 Day7.1%-4.0%-3.6%
90 Dayn/a-2.1%-0.6%
1 Yearn/a10.4%8.3%12.8%10.5%
3 Year65.5%65.5%27.5%20.4%37.4%28.6%
5 Yearn/a70.2%54.4%61.3%43.6%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

Is Impax Environmental Markets undervalued compared to its fair value and its price relative to the market?

48.5%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: IMXX.F ($4.55) is trading below our estimate of fair value ($8.84)

Significantly Below Fair Value: IMXX.F is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: IMXX.F is good value based on its PE Ratio (10.3x) compared to the Capital Markets industry average (32.3x).

PE vs Market: IMXX.F is good value based on its PE Ratio (10.3x) compared to the US market (17.2x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: IMXX.F is good value based on its PB Ratio (1.1x) compared to the US Capital Markets industry average (6.6x).

Future Growth

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

8.5%

Forecasted Diversified Financials 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 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 SimplyWall St do have past financial data.

Past Performance

How has Impax Environmental Markets performed over the past 5 years?

-1.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: IMXX.F has high quality earnings.

Growing Profit Margin: IMXX.F's current net profit margins (87%) are higher than last year (82.4%).


Past Earnings Growth Analysis

Earnings Trend: IMXX.F's earnings have declined by -1.6% per year over the past 5 years.

Accelerating Growth: IMXX.F's earnings growth over the past year (119.4%) exceeds its 5-year average (-1.6% per year).

Earnings vs Industry: IMXX.F earnings growth over the past year (119.4%) exceeded the Capital Markets industry 8.4%.


Return on Equity

High ROE: IMXX.F's Return on Equity (10.6%) is considered low.


Return on Assets


Return on Capital Employed

Financial Health

How is Impax Environmental Markets's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

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

Debt Coverage by Assets: IMXX.F's debt is not covered by short term assets (assets are 0.6x debt).


Financial Institutions Analysis

Asset Level: IMXX.F's level of assets compared to its equity is low.

Allowance for Bad Loans: Insufficient data to determine if IMXX.F has a sufficient allowance for bad loans.

Low Risk Liabilities: IMXX.F reports no customer deposits, loans are made up entirely of externally borrowed funds.

Loan Level: Insufficient data to determine if IMXX.F has an acceptable proportion of non-loan assets held.

Low Risk Deposits: IMXX.F has advanced significantly more loans than the customer deposits it holds.

Level of Bad Loans: Insufficient data to determine if IMXX.F has an appropriate level of bad loans.

Dividend

What is Impax Environmental Markets's current dividend yield, its reliability and sustainability?

0.87%

Current Dividend Yield


Dividend Yield vs Market

company0.9%marketbottom25%1.5%markettop25%3.9%industryaverage2.1%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: IMXX.F's dividend (0.87%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.52%).

High Dividend: IMXX.F's dividend (0.87%) is low compared to the top 25% of dividend payers in the US market (3.9%).


Stability and Growth of Payments

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

Growing Dividend: IMXX.F 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: IMXX.F is not paying a notable dividend for the US market.


Future Payout to Shareholders

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

Management

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

7.9yrs

Average board tenure


CEO

Impax Environmental Markets has no CEO, or we have no data on them.


Board Members

NamePositionTenureCompensationOwnership
William Rickett
Non-Executive Director9.1yrsUK£20.00k0.0022% £22.4k
John Philip Henry Scott
Chairman5.8yrsUK£18.00k0.038% £376.0k
Victoria Hastings
Non-Executive Director6.8yrsUK£12.00k0.0088% £87.2k
Julia Le Blan
Non-Executive Director9.1yrsUK£24.00k0.0067% £66.7k

7.9yrs

Average Tenure

65.5yo

Average Age

Experienced Board: IMXX.F's board of directors are considered experienced (7.9 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: IMXX.F insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Impax Environmental Markets plc's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Impax Environmental Markets plc
  • Ticker: IMXX.F
  • Exchange: OTCPK
  • Founded: 2002
  • Industry: Asset Management and Custody Banks
  • Sector: Diversified Financials
  • Market Cap: UK£764.606m
  • Listing Market Cap: UK£994.739m
  • Shares outstanding: 222.27m
  • Website: https://www.impaxenvironmentalmarkets.co.uk

Number of Employees


Location

  • Impax Environmental Markets plc
  • Norfolk House
  • 31 St. James' Square
  • London
  • SW1Y 4JR
  • United Kingdom

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
IEMLSE (London Stock Exchange)YesOrdinary SharesGBGBPFeb 2002
IMXX.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDFeb 2002
IEMLBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBGBPFeb 2002

Biography

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. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/26 00:57
End of Day Share Price2020/02/19 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.