ICF INTERNATIONAL INC (ICFI) Stock Fundamental Analysis
NASDAQ:ICFI - Nasdaq - US44925C1036 - Common Stock - Currency: USD
Overall ICFI gets a fundamental rating of 5 out of 10. We evaluated ICFI against 83 industry peers in the Professional Services industry. ICFI scores excellent on profitability, but there are some minor concerns on its financial health. ICFI has a valuation in line with the averages, but on the other hand it scores bad on growth.
1. Profitability
1.1 Basic Checks
In the past year ICFI was profitable.
In the past year ICFI had a positive cash flow from operations.
Each year in the past 5 years ICFI has been profitable.
Each year in the past 5 years ICFI had a positive operating cash flow.
1.2 Ratios
ICFI's Return On Assets of 5.33% is fine compared to the rest of the industry. ICFI outperforms 61.45% of its industry peers.
Looking at the Return On Equity, with a value of 11.21%, ICFI is in line with its industry, outperforming 57.83% of the companies in the same industry.
ICFI has a Return On Invested Capital of 8.48%. This is in the better half of the industry: ICFI outperforms 60.24% of its industry peers.
The Average Return On Invested Capital over the past 3 years for ICFI is significantly below the industry average of 13.57%.
The last Return On Invested Capital (8.48%) for ICFI is above the 3 year average (6.90%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.33% | ||
| ROE | 11.21% | ||
| ROIC | 8.48% |
ROA(3y)4.17%
ROA(5y)3.93%
ROE(3y)9.25%
ROE(5y)8.79%
ROIC(3y)6.9%
ROIC(5y)6.58%
1.3 Margins
ICFI has a better Profit Margin (5.45%) than 63.86% of its industry peers.
In the last couple of years the Profit Margin of ICFI has grown nicely.
With a decent Operating Margin value of 8.21%, ICFI is doing good in the industry, outperforming 67.47% of the companies in the same industry.
In the last couple of years the Operating Margin of ICFI has grown nicely.
ICFI has a Gross Margin of 36.53%. This is comparable to the rest of the industry: ICFI outperforms 53.01% of its industry peers.
ICFI's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 8.21% | ||
| PM (TTM) | 5.45% | ||
| GM | 36.53% |
OM growth 3Y4.76%
OM growth 5Y3.67%
PM growth 3Y6.01%
PM growth 5Y3.2%
GM growth 3Y-0.36%
GM growth 5Y0.56%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), ICFI is destroying value.
Compared to 1 year ago, ICFI has less shares outstanding
ICFI has less shares outstanding than it did 5 years ago.
Compared to 1 year ago, ICFI has an improved debt to assets ratio.
2.2 Solvency
An Altman-Z score of 2.71 indicates that ICFI is not a great score, but indicates only limited risk for bankruptcy at the moment.
With a Altman-Z score value of 2.71, ICFI perfoms like the industry average, outperforming 51.81% of the companies in the same industry.
The Debt to FCF ratio of ICFI is 2.84, which is a good value as it means it would take ICFI, 2.84 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 2.84, ICFI is in the better half of the industry, outperforming 65.06% of the companies in the same industry.
A Debt/Equity ratio of 0.43 indicates that ICFI is not too dependend on debt financing.
The Debt to Equity ratio of ICFI (0.43) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.43 | ||
| Debt/FCF | 2.84 | ||
| Altman-Z | 2.71 |
ROIC/WACC0.97
WACC8.76%
2.3 Liquidity
ICFI has a Current Ratio of 1.10. 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 worse Current ratio (1.10) than 62.65% of its industry peers.
A Quick Ratio of 1.10 indicates that ICFI should not have too much problems paying its short term obligations.
With a Quick ratio value of 1.10, ICFI is not doing good in the industry: 62.65% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.1 | ||
| Quick Ratio | 1.1 |
3. Growth
3.1 Past
ICFI shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 11.27%, 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 11.73% on average per year.
ICFI shows a small growth in Revenue. In the last year, the Revenue has grown by 2.88%.
The Revenue has been growing slightly by 6.44% on average over the past years.
EPS 1Y (TTM)11.27%
EPS 3Y14.29%
EPS 5Y11.73%
EPS Q2Q%11.31%
Revenue 1Y (TTM)2.88%
Revenue growth 3Y9.16%
Revenue growth 5Y6.44%
Sales Q2Q%3.76%
3.2 Future
ICFI is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 0.50% yearly.
Based on estimates for the next years, ICFI will show a decrease in Revenue. The Revenue will decrease by -1.37% on average per year.
EPS Next Y-1.15%
EPS Next 2Y0.5%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year-4.47%
Revenue Next 2Y-1.37%
Revenue Next 3YN/A
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 11.51 indicates a reasonable valuation of ICFI.
80.72% of the companies in the same industry are more expensive than ICFI, based on the Price/Earnings ratio.
ICFI's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 28.29.
With a Price/Forward Earnings ratio of 11.64, the valuation of ICFI can be described as very reasonable.
Based on the Price/Forward Earnings ratio, ICFI is valued a bit cheaper than the industry average as 78.31% of the companies are valued more expensively.
ICFI is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 21.08, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.51 | ||
| Fwd PE | 11.64 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of ICFI indicates a somewhat cheap valuation: ICFI is cheaper than 77.11% of the companies listed in the same industry.
Based on the Price/Free Cash Flow ratio, ICFI is valued cheaply inside the industry as 89.16% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 10.19 | ||
| EV/EBITDA | 8.89 |
4.3 Compensation for Growth
The decent profitability rating of ICFI may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)0.98
EPS Next 2Y0.5%
EPS Next 3YN/A
5. Dividend
5.1 Amount
With a yearly dividend of 0.67%, ICFI is not a good candidate for dividend investing.
The stock price of ICFI dropped by -35.89% 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 2.41, ICFI pays a bit more dividend than its industry peers.
With a Dividend Yield of 0.67, ICFI pays less dividend than the S&P500 average, which is at 2.52.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.67% |
5.2 History
The dividend of ICFI has a limited annual growth rate of 0.11%.
ICFI has been paying a dividend for over 5 years, so it has already some track record.
As ICFI did not decrease their dividend in the past 5 years, we can say the dividend looks stable.
Dividend Growth(5Y)0.11%
Div Incr Years0
Div Non Decr Years6
5.3 Sustainability
ICFI pays out 9.54% 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.
DP9.54%
EPS Next 2Y0.5%
EPS Next 3YN/A
82.98
+0.19 (+0.23%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCommercial & Professional Services
GICS IndustryProfessional Services
Earnings (Last)
Earnings (Next)
Inst Owners98.76%
Inst Owner Change0%
Ins Owners1.34%
Ins Owner Change4.82%
Market Cap1.53B
Analysts83.64
Price Target110.16 (32.75%)
Short Float %5.79%
Short Ratio3.19
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.67% |
Yearly Dividend0.56
Dividend Growth(5Y)0.11%
DP9.54%
Div Incr Years0
Div Non Decr Years6
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)1.17%
Min EPS beat(2)-1.57%
Max EPS beat(2)3.9%
EPS beat(4)3
Avg EPS beat(4)8.33%
Min EPS beat(4)-1.57%
Max EPS beat(4)20.09%
EPS beat(8)6
Avg EPS beat(8)6.25%
EPS beat(12)9
Avg EPS beat(12)7.22%
EPS beat(16)12
Avg EPS beat(16)9.07%
Revenue beat(2)0
Avg Revenue beat(2)-2.79%
Min Revenue beat(2)-4.01%
Max Revenue beat(2)-1.57%
Revenue beat(4)0
Avg Revenue beat(4)-1.74%
Min Revenue beat(4)-4.01%
Max Revenue beat(4)-0.65%
Revenue beat(8)1
Avg Revenue beat(8)-1.31%
Revenue beat(12)2
Avg Revenue beat(12)-1.36%
Revenue beat(16)4
Avg Revenue beat(16)-0.96%
PT rev (1m)-14.29%
PT rev (3m)-40.17%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-9.5%
EPS NY rev (1m)-14.18%
EPS NY rev (3m)-14.18%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-7.52%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-11.32%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.51 | ||
| Fwd PE | 11.64 | ||
| P/S | 0.76 | ||
| P/FCF | 10.19 | ||
| P/OCF | 8.92 | ||
| P/B | 1.56 | ||
| P/tB | N/A | ||
| EV/EBITDA | 8.89 |
EPS(TTM)7.21
EY8.69%
EPS(NY)7.13
Fwd EY8.59%
FCF(TTM)8.14
FCFY9.81%
OCF(TTM)9.3
OCFY11.21%
SpS109.53
BVpS53.28
TBVpS-19.23
PEG (NY)N/A
PEG (5Y)0.98
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.33% | ||
| ROE | 11.21% | ||
| ROCE | 10.26% | ||
| ROIC | 8.48% | ||
| ROICexc | 8.51% | ||
| ROICexgc | 49.85% | ||
| OM | 8.21% | ||
| PM (TTM) | 5.45% | ||
| GM | 36.53% | ||
| FCFM | 7.43% |
ROA(3y)4.17%
ROA(5y)3.93%
ROE(3y)9.25%
ROE(5y)8.79%
ROIC(3y)6.9%
ROIC(5y)6.58%
ROICexc(3y)6.93%
ROICexc(5y)6.61%
ROICexgc(3y)39.19%
ROICexgc(5y)34.68%
ROCE(3y)8.35%
ROCE(5y)7.95%
ROICexcg growth 3Y22.5%
ROICexcg growth 5Y12.7%
ROICexc growth 3Y10.75%
ROICexc growth 5Y1.3%
OM growth 3Y4.76%
OM growth 5Y3.67%
PM growth 3Y6.01%
PM growth 5Y3.2%
GM growth 3Y-0.36%
GM growth 5Y0.56%
F-Score8
Asset Turnover0.98
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.43 | ||
| Debt/FCF | 2.84 | ||
| Debt/EBITDA | 1.93 | ||
| Cap/Depr | 40.07% | ||
| Cap/Sales | 1.06% | ||
| Interest Coverage | 5.52 | ||
| Cash Conversion | 78.22% | ||
| Profit Quality | 136.26% | ||
| Current Ratio | 1.1 | ||
| Quick Ratio | 1.1 | ||
| Altman-Z | 2.71 |
F-Score8
WACC8.76%
ROIC/WACC0.97
Cap/Depr(3y)41.98%
Cap/Depr(5y)48.13%
Cap/Sales(3y)1.19%
Cap/Sales(5y)1.21%
Profit Quality(3y)169.39%
Profit Quality(5y)183.54%
High Growth Momentum
Growth
EPS 1Y (TTM)11.27%
EPS 3Y14.29%
EPS 5Y11.73%
EPS Q2Q%11.31%
EPS Next Y-1.15%
EPS Next 2Y0.5%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)2.88%
Revenue growth 3Y9.16%
Revenue growth 5Y6.44%
Sales Q2Q%3.76%
Revenue Next Year-4.47%
Revenue Next 2Y-1.37%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y25.33%
EBIT growth 3Y14.35%
EBIT growth 5Y10.34%
EBIT Next Year23.15%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y15.43%
FCF growth 3Y18.46%
FCF growth 5Y18.41%
OCF growth 1Y12.57%
OCF growth 3Y15.9%
OCF growth 5Y13.42%