ICF INTERNATIONAL INC (ICFI) Stock Fundamental Analysis
NASDAQ:ICFI - Nasdaq - US44925C1036 - Common Stock - Currency: USD
Taking everything into account, ICFI scores 5 out of 10 in our fundamental rating. ICFI was compared to 81 industry peers in the Professional Services industry. ICFI has an average financial health and profitability rating. ICFI may be a bit undervalued, certainly considering the very reasonable score on growth These ratings could make ICFI a good candidate for value investing.
1. Profitability
1.1 Basic Checks
ICFI had positive earnings in the past year.
ICFI had a positive operating cash flow in the past year.
ICFI had positive earnings in each of the past 5 years.
In the past 5 years ICFI always reported a positive cash flow from operatings.
1.2 Ratios
ICFI has a Return On Assets (5.31%) which is comparable to the rest of the industry.
The Return On Equity of ICFI (11.04%) is comparable to the rest of the industry.
ICFI has a Return On Invested Capital of 8.32%. This is comparable to the rest of the industry: ICFI outperforms 58.97% of its industry peers.
ICFI had an Average Return On Invested Capital over the past 3 years of 6.03%. This is significantly below the industry average of 13.70%.
The last Return On Invested Capital (8.32%) for ICFI is above the 3 year average (6.03%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.31% | ||
| ROE | 11.04% | ||
| ROIC | 8.32% |
ROA(3y)3.67%
ROA(5y)3.85%
ROE(3y)8.46%
ROE(5y)8.48%
ROIC(3y)6.03%
ROIC(5y)6.34%
1.3 Margins
With a decent Profit Margin value of 5.38%, ICFI is doing good in the industry, outperforming 62.82% of the companies in the same industry.
ICFI's Profit Margin has declined in the last couple of years.
ICFI has a better Operating Margin (8.31%) than 62.82% of its industry peers.
ICFI's Operating Margin has been stable in the last couple of years.
With a Gross Margin value of 36.63%, ICFI perfoms like the industry average, outperforming 48.72% of the companies in the same industry.
In the last couple of years the Gross Margin of ICFI has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 8.31% | ||
| PM (TTM) | 5.38% | ||
| GM | 36.63% |
OM growth 3Y4.46%
OM growth 5Y-0.46%
PM growth 3Y4.86%
PM growth 5Y-1.72%
GM growth 3Y0.09%
GM growth 5Y-0.19%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), ICFI is destroying value.
ICFI has less shares outstanding than it did 1 year ago.
The number of shares outstanding for ICFI has been increased compared to 5 years ago.
Compared to 1 year ago, ICFI has an improved debt to assets ratio.
2.2 Solvency
ICFI has an Altman-Z score of 2.97. This is not the best score and indicates that ICFI is in the grey zone with still only limited risk for bankruptcy at the moment.
The Altman-Z score of ICFI (2.97) is comparable to the rest of the industry.
ICFI has a debt to FCF ratio of 2.66. This is a good value and a sign of high solvency as ICFI would need 2.66 years to pay back of all of its debts.
ICFI's Debt to FCF ratio of 2.66 is fine compared to the rest of the industry. ICFI outperforms 65.38% of its industry peers.
ICFI has a Debt/Equity ratio of 0.43. This is a healthy value indicating a solid balance between debt and equity.
ICFI's Debt to Equity ratio of 0.43 is in line compared to the rest of the industry. ICFI outperforms 44.87% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.43 | ||
| Debt/FCF | 2.66 | ||
| Altman-Z | 2.97 |
ROIC/WACC0.93
WACC8.98%
2.3 Liquidity
ICFI has a Current Ratio of 1.21. This is a normal value and indicates that ICFI is financially healthy and should not expect problems in meeting its short term obligations.
The Current ratio of ICFI (1.21) is comparable to the rest of the industry.
ICFI has a Quick Ratio of 1.21. This is a normal value and indicates that ICFI is financially healthy and should not expect problems in meeting its short term obligations.
ICFI has a Quick ratio (1.21) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.21 | ||
| Quick Ratio | 1.21 |
3. Growth
3.1 Past
ICFI shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 10.38%, which is quite good.
Measured over the past years, ICFI shows a quite strong growth in Earnings Per Share. The EPS has been growing by 11.56% on average per year.
ICFI shows a small growth in Revenue. In the last year, the Revenue has grown by 2.11%.
ICFI shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 7.97% yearly.
EPS 1Y (TTM)10.38%
EPS 3Y15.74%
EPS 5Y11.56%
EPS Q2Q%3.87%
Revenue 1Y (TTM)2.11%
Revenue growth 3Y9.22%
Revenue growth 5Y7.97%
Sales Q2Q%3.09%
3.2 Future
The Earnings Per Share is expected to grow by 10.05% on average over the next years. This is quite good.
Based on estimates for the next years, ICFI will show a small growth in Revenue. The Revenue will grow by 5.64% on average per year.
EPS Next Y17.27%
EPS Next 2Y13.21%
EPS Next 3Y10.05%
EPS Next 5YN/A
Revenue Next Year2.64%
Revenue Next 2Y5.15%
Revenue Next 3Y5.64%
Revenue Next 5YN/A
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
ICFI is valuated reasonably with a Price/Earnings ratio of 11.29.
Compared to the rest of the industry, the Price/Earnings ratio of ICFI indicates a somewhat cheap valuation: ICFI is cheaper than 71.79% of the companies listed in the same industry.
ICFI is valuated cheaply when we compare the Price/Earnings ratio to 29.43, which is the current average of the S&P500 Index.
A Price/Forward Earnings ratio of 9.54 indicates a reasonable valuation of ICFI.
Compared to the rest of the industry, the Price/Forward Earnings ratio of ICFI indicates a somewhat cheap valuation: ICFI is cheaper than 78.21% of the companies listed in the same industry.
When comparing the Price/Forward Earnings ratio of ICFI to the average of the S&P500 Index (22.67), we can say ICFI is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.29 | ||
| Fwd PE | 9.54 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, ICFI is valued a bit cheaper than the industry average as 73.08% of the companies are valued more expensively.
Based on the Price/Free Cash Flow ratio, ICFI is valued cheaply inside the industry as 87.18% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 9.12 | ||
| EV/EBITDA | 10.42 |
4.3 Compensation for Growth
ICFI's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
PEG (NY)0.65
PEG (5Y)0.98
EPS Next 2Y13.21%
EPS Next 3Y10.05%
5. Dividend
5.1 Amount
With a yearly dividend of 0.56%, ICFI is not a good candidate for dividend investing.
The stock price of ICFI dropped by -42.80% in the last 3 months. With lower prices the dividend yield is higher, but it may be a sign investors do not trust the long term dividend.
Compared to an average industry Dividend Yield of 1.93, ICFI pays a bit more dividend than its industry peers.
With a Dividend Yield of 0.56, ICFI pays less dividend than the S&P500 average, which is at 2.28.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.56% |
5.2 History
The dividend of ICFI has a limited annual growth rate of 5.79%.
ICFI has been paying a dividend for over 5 years, so it has already some track record.
ICFI has not decreased its dividend in the past 5 years, so it has a somewhat stable track record.
Dividend Growth(5Y)5.79%
Div Incr Years0
Div Non Decr Years6
5.3 Sustainability
ICFI pays out 9.76% of its income as dividend. This is a sustainable payout ratio.
ICFI's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP9.76%
EPS Next 2Y13.21%
EPS Next 3Y10.05%
79.26
-20.71 (-20.72%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCommercial & Professional Services
GICS IndustryProfessional Services
Earnings (Last)
Earnings (Next)
Inst Owners98.76%
Inst Owner Change3.1%
Ins Owners1.34%
Ins Owner Change2.36%
Market Cap1.49B
Analysts85.45
Price Target178.25 (124.89%)
Short Float %4.7%
Short Ratio3.97
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.56% |
Yearly Dividend0.56
Dividend Growth(5Y)5.79%
DP9.76%
Div Incr Years0
Div Non Decr Years6
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)7.4%
Min EPS beat(2)3.9%
Max EPS beat(2)10.9%
EPS beat(4)4
Avg EPS beat(4)8.95%
Min EPS beat(4)0.92%
Max EPS beat(4)20.09%
EPS beat(8)7
Avg EPS beat(8)6.52%
EPS beat(12)9
Avg EPS beat(12)7.12%
EPS beat(16)13
Avg EPS beat(16)10.28%
Revenue beat(2)0
Avg Revenue beat(2)-2.38%
Min Revenue beat(2)-4.01%
Max Revenue beat(2)-0.75%
Revenue beat(4)0
Avg Revenue beat(4)-1.97%
Min Revenue beat(4)-4.01%
Max Revenue beat(4)-0.65%
Revenue beat(8)1
Avg Revenue beat(8)-1.28%
Revenue beat(12)2
Avg Revenue beat(12)-1.57%
Revenue beat(16)5
Avg Revenue beat(16)-0.42%
PT rev (1m)-3.19%
PT rev (3m)-8.27%
EPS NQ rev (1m)-0.22%
EPS NQ rev (3m)-0.22%
EPS NY rev (1m)-0.04%
EPS NY rev (3m)-0.37%
Revenue NQ rev (1m)-0.04%
Revenue NQ rev (3m)-0.04%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.48%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.29 | ||
| Fwd PE | 9.54 | ||
| P/S | 0.74 | ||
| P/FCF | 9.12 | ||
| P/OCF | 8.13 | ||
| P/B | 1.52 | ||
| P/tB | N/A | ||
| EV/EBITDA | 10.42 |
EPS(TTM)7.02
EY8.86%
EPS(NY)8.31
Fwd EY10.48%
FCF(TTM)8.69
FCFY10.96%
OCF(TTM)9.75
OCFY12.31%
SpS106.71
BVpS52.04
TBVpS-16.8
PEG (NY)0.65
PEG (5Y)0.98
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.31% | ||
| ROE | 11.04% | ||
| ROCE | 10.26% | ||
| ROIC | 8.32% | ||
| ROICexc | 8.35% | ||
| ROICexgc | 41.86% | ||
| OM | 8.31% | ||
| PM (TTM) | 5.38% | ||
| GM | 36.63% | ||
| FCFM | 8.14% |
ROA(3y)3.67%
ROA(5y)3.85%
ROE(3y)8.46%
ROE(5y)8.48%
ROIC(3y)6.03%
ROIC(5y)6.34%
ROICexc(3y)6.06%
ROICexc(5y)6.38%
ROICexgc(3y)30.99%
ROICexgc(5y)29.6%
ROCE(3y)7.44%
ROCE(5y)7.82%
ROICexcg growth 3Y11.8%
ROICexcg growth 5Y-1.89%
ROICexc growth 3Y4.7%
ROICexc growth 5Y-3.55%
OM growth 3Y4.46%
OM growth 5Y-0.46%
PM growth 3Y4.86%
PM growth 5Y-1.72%
GM growth 3Y0.09%
GM growth 5Y-0.19%
F-Score7
Asset Turnover0.99
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.43 | ||
| Debt/FCF | 2.66 | ||
| Debt/EBITDA | 1.89 | ||
| Cap/Depr | 36.55% | ||
| Cap/Sales | 1% | ||
| Interest Coverage | 5.68 | ||
| Cash Conversion | 82.79% | ||
| Profit Quality | 151.22% | ||
| Current Ratio | 1.21 | ||
| Quick Ratio | 1.21 | ||
| Altman-Z | 2.97 |
F-Score7
WACC8.98%
ROIC/WACC0.93
Cap/Depr(3y)49.35%
Cap/Depr(5y)59.19%
Cap/Sales(3y)1.27%
Cap/Sales(5y)1.36%
Profit Quality(3y)166.3%
Profit Quality(5y)175.01%
High Growth Momentum
Growth
EPS 1Y (TTM)10.38%
EPS 3Y15.74%
EPS 5Y11.56%
EPS Q2Q%3.87%
EPS Next Y17.27%
EPS Next 2Y13.21%
EPS Next 3Y10.05%
EPS Next 5YN/A
Revenue 1Y (TTM)2.11%
Revenue growth 3Y9.22%
Revenue growth 5Y7.97%
Sales Q2Q%3.09%
Revenue Next Year2.64%
Revenue Next 2Y5.15%
Revenue Next 3Y5.64%
Revenue Next 5YN/A
EBIT growth 1Y40.45%
EBIT growth 3Y14.09%
EBIT growth 5Y7.47%
EBIT Next Year62.64%
EBIT Next 3Y24.47%
EBIT Next 5YN/A
FCF growth 1Y501.37%
FCF growth 3Y-5.76%
FCF growth 5Y19.71%
OCF growth 1Y251.86%
OCF growth 3Y-4.16%
OCF growth 5Y15.32%