OTCPK:INGI.F

Stock Analysis Report

Executive Summary

Ingenico Group - GCS, together with its subsidiaries, provides payment solutions through in-store, mobile, and online channels worldwide.


Snowflake Analysis

Adequate balance sheet with limited growth.


Similar Companies

Share Price & News

How has Ingenico Group - GCS's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

0%

INGI.F

-10.2%

US Electronic

-10.6%

US Market


1 Year Return

136.3%

INGI.F

-4.4%

US Electronic

5.2%

US Market

Return vs Industry: INGI.F exceeded the US Electronic industry which returned -4.4% over the past year.

Return vs Market: INGI.F exceeded the US Market which returned 5.2% over the past year.


Shareholder returns

INGI.FIndustryMarket
7 Day0%-10.2%-10.6%
30 Day41.9%-11.8%-8.5%
90 Dayn/a-10.8%-4.6%
1 Year136.3%136.3%-3.4%-4.4%7.4%5.2%
3 Year72.1%72.1%21.2%17.8%31.7%23.2%
5 Yearn/a50.8%43.3%56.4%39.3%

Price Volatility Vs. Market

How volatile is Ingenico Group - GCS's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Ingenico Group - GCS undervalued compared to its fair value and its price relative to the market?

39.55x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: INGI.F ($148.25) is trading above our estimate of fair value ($104.23)

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


Price To Earnings Ratio

PE vs Industry: INGI.F is poor value based on its PE Ratio (39.6x) compared to the Electronic industry average (17.3x).

PE vs Market: INGI.F is poor value based on its PE Ratio (39.6x) compared to the US market (16.9x).


Price to Earnings Growth Ratio

PEG Ratio: INGI.F is poor value based on its PEG Ratio (2.2x)


Price to Book Ratio

PB vs Industry: INGI.F is overvalued based on its PB Ratio (3.7x) compared to the US Electronic industry average (1.8x).


Next Steps

Future Growth

How is Ingenico Group - GCS forecast to perform in the next 1 to 3 years based on estimates from 16 analysts?

17.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: INGI.F's forecast earnings growth (17.7% per year) is above the savings rate (1.7%).

Earnings vs Market: INGI.F's earnings (17.7% per year) are forecast to grow faster than the US market (13% per year).

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

Revenue vs Market: INGI.F's revenue (5.6% per year) is forecast to grow slower than the US market (7.6% per year).

High Growth Revenue: INGI.F's revenue (5.6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: INGI.F's Return on Equity is forecast to be low in 3 years time (14.6%).


Next Steps

Past Performance

How has Ingenico Group - GCS performed over the past 5 years?

-1.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: INGI.F has high quality earnings.

Growing Profit Margin: INGI.F's current net profit margins (6.2%) are lower than last year (7.1%).


Past Earnings Growth Analysis

Earnings Trend: INGI.F's earnings have declined by -1.1% per year over the past 5 years.

Accelerating Growth: INGI.F's earnings growth over the past year (10.5%) exceeds its 5-year average (-1.1% per year).

Earnings vs Industry: INGI.F earnings growth over the past year (10.5%) underperformed the Electronic industry 13.1%.


Return on Equity

High ROE: INGI.F's Return on Equity (8.6%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Ingenico Group - GCS's financial position?


Financial Position Analysis

Short Term Liabilities: INGI.F's short term assets (€3.3B) exceed its short term liabilities (€3.0B).

Long Term Liabilities: INGI.F's short term assets (€3.3B) exceed its long term liabilities (€2.0B).


Debt to Equity History and Analysis

Debt Level: INGI.F's debt to equity ratio (86.7%) is considered high.

Reducing Debt: INGI.F's debt to equity ratio has reduced from 110.3% to 86.7% over the past 5 years.

Debt Coverage: INGI.F's debt is not well covered by operating cash flow (19.9%).

Interest Coverage: INGI.F's interest payments on its debt are well covered by EBIT (7.8x coverage).


Balance Sheet

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

Debt Coverage by Assets: INGI.F's debt is covered by short term assets (assets are 1.5x debt).


Next Steps

Dividend

What is Ingenico Group - GCS's current dividend yield, its reliability and sustainability?

0.83%

Current Dividend Yield


Dividend Yield vs Market

company0.8%marketbottom25%1.6%markettop25%4.1%industryaverage1.8%forecastin3Years1.3%

Current dividend yield vs market & industry

Notable Dividend: INGI.F's dividend (0.83%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.59%).

High Dividend: INGI.F's dividend (0.83%) is low compared to the top 25% of dividend payers in the US market (4.09%).


Stability and Growth of Payments

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

Growing Dividend: INGI.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: INGI.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 INGI.F's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

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

1.6yrs

Average management tenure


CEO

Nicolas Huss (55yo)

1.3yrs

Tenure

€666,565

Compensation

Mr. Nicolas Huss has been Independent Director at Amadeus IT Group, S.A. since June 15, 2017. Mr. Huss has been the Chief Executive Officer and Director of Ingenico Group S.A since November 5, 2018 and pre ...


CEO Compensation Analysis

Compensation vs Market: Nicolas's total compensation ($USD731.60K) is below average for companies of similar size in the US market ($USD6.47M).

Compensation vs Earnings: Insufficient data to compare Nicolas's compensation with company performance.


Leadership Team

NamePositionTenureCompensationOwnership
Nicolas Huss
CEO & Director1.3yrs€666.57k0.0019% 171.4k
Michel-Alain Proch
Chief Financial Officer1yrsno datano data
Paula Felstead
Chief Technology Officer2.1yrsno datano data
Laurent Marie
Vice President of Investor Relations & Financial Communication2.8yrsno datano data
Eglantine Delmas
Executive Vice President of Audit0.7yrsno datano data
Stéphanie Fougou
Group General Counsel0.4yrsno datano data
Agnès Bensoussan
Executive Vice President of Human Resources & Communications1.6yrsno datano data
Jacques Behr
Executive Vice President of Enterprise - Retail Business Unit2.1yrsno datano data
Jacques Guérin
Executive Vice President of Strategy & Transformation7.3yrsno data0.00097% 88.0k
David Jimenez
Chief Revenue Officer of Ingenico epayments Division0yrsno datano data

1.6yrs

Average Tenure

55yo

Average Age

Experienced Management: INGI.F's management team is not considered experienced ( 1.6 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Nicolas Huss
CEO & Director1.3yrs€666.57k0.0019% 171.4k
Xavier Moreno
Independent Director11.9yrs€86.28k0.018% 1.7m
Bernard André Bourigeaud
Independent Chairman of the Board1.3yrs€66.67k0.028% 2.5m
Élie Vannier
Independent Director11.9yrs€82.36k0.0039% 349.1k
Diaa Elyaacoubi
Independent Director8.8yrs€64.05k0.0034% 311.9k
William Nahum
Independent Advisor13.9yrs€18.30kno data
Thierry Sommelet
Independent Director1.8yrs€39.87k0.000020% 1.8k
Caroline Parot
Independent Director2.9yrs€92.81k0.0016% 146.9k
Sophie Stabile
Independent Director1.9yrs€49.67k0.000020% 1.8k
Arnaud Lucien
Employee Representative Director1.4yrs€12.09kno data

2.4yrs

Average Tenure

52.5yo

Average Age

Experienced Board: INGI.F's board of directors are not considered experienced ( 2.4 years average tenure), which suggests a new board.


Ownership

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


Insider Trading Volume

Insider Buying: INGI.F insiders have sold more shares than they have bought 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

Ingenico Group - GCS's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Ingenico Group - GCS
  • Ticker: INGI.F
  • Exchange: OTCPK
  • Founded: 1980
  • Industry: Electronic Equipment and Instruments
  • Sector: Tech
  • Market Cap: €8.262b
  • Listing Market Cap: €9.068b
  • Shares outstanding: 62.35m
  • Website: https://www.ingenico.com

Number of Employees


Location

  • Ingenico Group - GCS
  • 28–32 boulevard de Grenelle
  • Paris
  • Ile-de-France
  • 75015
  • France

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
INGENXTPA (Euronext Paris)YesOrdinary SharesFREURJan 1992
INGI.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDJan 1992
0KA0LSE (London Stock Exchange)YesOrdinary SharesGBEURJan 1992
IIEDB (Deutsche Boerse AG)YesOrdinary SharesDEEURJan 1992
INGPBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBEURJan 1992
INGSWX (SIX Swiss Exchange)YesOrdinary SharesCHCHFJan 1992
INGC NBMV (Bolsa Mexicana de Valores)YesOrdinary SharesMXMXNJan 1992
INGI.YOTCPK (Pink Sheets LLC)UNSPONSORD ADRUSUSDOct 2008

Biography

Ingenico Group - GCS, together with its subsidiaries, provides payment solutions through in-store, mobile, and online channels worldwide. It offers in-store solutions, such as payment terminals and applications; management of installed terminals, including security application updates; connectivity; after-sales services; centralization of transactions; end-to-end security from terminal to bank or processor; value-added services; and customer loyalty solutions, including loyalty card, loyalty program management, prepaid card, gift card management, customer data analysis, and marketing campaign management. The company also provides online payment services for small and medium sized merchants comprising transaction capture; complex transaction management; and acquiring transactions, as well as payment services for large multinational companies with approximately 150 local and international payment methods to allow merchants to manage and secure their online payment processes and digital transactions. In addition, it offers white-label mobile platform that enables customers to offer secure m-POS solutions; mobile payment terminal services for chip and pin, swipe and sign, etc. markets; mobile applications for merchants; security management; third platform interfaces; mobile payment gateways; fleet management; and loyalty programs. The company markets its products and solutions under the Ingenico Smart Terminals, Ingenico Payment Services, and Ingenico ePayments brands. It serves banking, retail, transportation, petrol, digital, vending, hospitality, financial inclusion, healthcare, and e-government industries. The company has approximately 32 million terminals; serves a network of approximately 1,000 banks and acquirers; and offers a portfolio of 2,500 applications and accepts approximately 300 payment methods. Ingenico Group - GCS was founded in 1980 and is headquartered in Paris, France. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/28 01:00
End of Day Share Price2020/02/14 00:00
Earnings2019/12/31
Annual Earnings2019/12/31


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.