OTCPK:INGI.Y

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

Proven track record with mediocre balance sheet.


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.Y has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-1.2%

INGI.Y

-0.1%

US Electronic

0.6%

US Market


1 Year Return

117.0%

INGI.Y

29.0%

US Electronic

24.6%

US Market

Return vs Industry: INGI.Y exceeded the US Electronic industry which returned 30.2% over the past year.

Return vs Market: INGI.Y exceeded the US Market which returned 24.7% over the past year.


Shareholder returns

INGI.YIndustryMarket
7 Day-1.2%-0.1%0.6%
30 Day4.0%1.9%3.0%
90 Day8.6%9.4%10.6%
1 Year119.2%117.0%30.3%29.0%27.3%24.6%
3 Year38.4%33.2%48.8%44.6%50.5%40.8%
5 Year13.3%7.5%88.8%79.2%78.9%59.1%

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?

29.51x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: INGI.Y ($21.58) is trading above our estimate of fair value ($14.32)

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


Price To Earnings Ratio

PE vs Industry: INGI.Y is poor value based on its PE Ratio (28x) compared to the Electronic industry average (21.2x).

PE vs Market: INGI.Y is poor value based on its PE Ratio (28x) compared to the US market (18.9x).


Price to Earnings Growth Ratio

PEG Ratio: INGI.Y is poor value based on its PEG Ratio (2x)


Price to Book Ratio

PB vs Industry: INGI.Y is overvalued based on its PB Ratio (2.9x) compared to the US Electronic industry average (2.1x).


Next Steps

Future Growth

How is Ingenico Group - GCS forecast to perform in the next 1 to 3 years based on estimates from 17 analysts?

14.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: INGI.Y's forecast earnings growth (14.1% per year) is above the savings rate (1.7%).

Earnings vs Market: INGI.Y's earnings (14.1% per year) are forecast to grow slower than the US market (14.3% per year).

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

Revenue vs Market: INGI.Y's revenue (6.2% per year) is forecast to grow slower than the US market (7.5% per year).

High Growth Revenue: INGI.Y's revenue (6.2% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: INGI.Y's Return on Equity is forecast to be low in 3 years time (15.2%).


Next Steps

Past Performance

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

2.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: INGI.Y has high quality earnings.

Growing Profit Margin: INGI.Y's current net profit margins (7.1%) are higher than last year (7%).


Past Earnings Growth Analysis

Earnings Trend: INGI.Y's earnings have grown by 2.5% per year over the past 5 years.

Accelerating Growth: INGI.Y's earnings growth over the past year (21.4%) exceeds its 5-year average (2.5% per year).

Earnings vs Industry: INGI.Y earnings growth over the past year (21.4%) underperformed the Electronic industry 53.6%.


Return on Equity

High ROE: INGI.Y's Return on Equity (9.2%) 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.Y's short term assets (€3.2B) exceed its short term liabilities (€2.8B).

Long Term Liabilities: INGI.Y's short term assets (€3.2B) exceed its long term liabilities (€2.4B).


Debt to Equity History and Analysis

Debt Level: INGI.Y's debt to equity ratio (110.6%) is considered high.

Reducing Debt: INGI.Y's debt to equity ratio has increased from 108.8% to 110.6% over the past 5 years.

Debt Coverage: INGI.Y's debt is not well covered by operating cash flow (18.5%).

Interest Coverage: INGI.Y's interest payments on its debt are well covered by EBIT (11.2x coverage).


Balance Sheet

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

Debt Coverage by Assets: INGI.Y's debt is covered by short term assets (assets are 1.2x debt).


Next Steps

Dividend

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

1.07%

Current Dividend Yield


Dividend Yield vs Market

company1.1%marketbottom25%1.4%markettop25%3.7%industryaverage1.5%forecastin3Years1.6%

Current dividend yield vs market & industry

Notable Dividend: INGI.Y's dividend (1.13%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.4%).

High Dividend: INGI.Y's dividend (1.13%) is low compared to the top 25% of dividend payers in the US market (3.66%).


Stability and Growth of Payments

Stable Dividend: INGI.Y's dividend payments have been volatile in the past 10 years.

Growing Dividend: INGI.Y's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (31.7%), INGI.Y's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: INGI.Y's dividends in 3 years are forecast to be well covered by earnings (28.8% payout ratio).


Next Steps

Management

What is the CEO of Ingenico Group - GCS's salary, the management and board of directors tenure and is there insider trading?

1.5yrs

Average management tenure


CEO

Nicolas Huss (55yo)

1.2yrs

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 ($USD741.53K) is below average for companies of similar size in the US market ($USD6.46M).

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


Management Age and Tenure

1.5yrs

Average Tenure

55yo

Average Age

Experienced Management: INGI.Y's management team is not considered experienced ( 1.5 years average tenure), which suggests a new team.


Board Age and Tenure

2.3yrs

Average Tenure

52.5yo

Average Age

Experienced Board: INGI.Y's board of directors are not considered experienced ( 2.3 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.


Ownership Breakdown

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


Management Team

  • Michel-Alain Proch (49yo)

    Chief Financial Officer

    • Tenure: 0.9yrs
  • Jacques Guérin (59yo)

    Executive Vice President of Strategy & Transformation

    • Tenure: 7.2yrs
  • Laurent Marie (43yo)

    Vice President of Investor Relations & Financial Communication

    • Tenure: 2.8yrs
  • Jacques Behr (56yo)

    Executive Vice President of Enterprise - Retail Business Unit

    • Tenure: 2yrs
  • Nicolas Huss (55yo)

    CEO & Director

    • Tenure: 1.2yrs
    • Compensation: €666.57k
  • David Jimenez

    Chief Revenue Officer of Ingenico epayments Division

    • Stéphanie Fougou

      Group General Counsel

      • Tenure: 0.3yrs
    • Eglantine Delmas

      Executive Vice President of Audit

      • Tenure: 0.6yrs
    • Agnès Bensoussan

      Executive Vice President of Human Resources & Communications

      • Tenure: 1.5yrs
    • Paula Felstead

      Chief Technology Officer

      • Tenure: 2yrs

    Board Members

    • Xavier Moreno (71yo)

      Independent Director

      • Tenure: 11.8yrs
      • Compensation: €86.28k
    • Bernard André Bourigeaud (75yo)

      Independent Chairman of the Board

      • Tenure: 1.2yrs
      • Compensation: €66.67k
    • Élie Vannier (70yo)

      Independent Director

      • Tenure: 11.8yrs
      • Compensation: €82.36k
    • Diaa Elyaacoubi (49yo)

      Independent Director

      • Tenure: 8.8yrs
      • Compensation: €64.05k
    • William Nahum (73yo)

      Independent Advisor

      • Tenure: 13.8yrs
      • Compensation: €18.30k
    • Thierry Sommelet (50yo)

      Independent Director

      • Tenure: 1.7yrs
      • Compensation: €39.87k
    • Caroline Parot (47yo)

      Independent Director

      • Tenure: 2.8yrs
      • Compensation: €92.81k
    • Nicolas Huss (55yo)

      CEO & Director

      • Tenure: 1.2yrs
      • Compensation: €666.57k
    • Sophie Stabile (49yo)

      Independent Director

      • Tenure: 1.8yrs
      • Compensation: €49.67k
    • Arnaud Lucien (42yo)

      Employee Representative Director

      • Tenure: 1.3yrs
      • Compensation: €12.09k

    Company Information

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


    Key Information

    • Name: Ingenico Group - GCS
    • Ticker: INGI.Y
    • Exchange: OTCPK
    • Founded: 1980
    • Industry: Electronic Equipment and Instruments
    • Sector: Tech
    • Market Cap: €6.385b
    • Listing Market Cap: €7.079b
    • 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 Analysis2020/01/23 00:24
    End of Day Share Price2020/01/22 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.