ICF INTERNATIONAL INC (ICFI) Stock Fundamental Analysis
NASDAQ:ICFI - Nasdaq - US44925C1036 - Common Stock - Currency: USD
We assign a fundamental rating of 5 out of 10 to ICFI. ICFI was compared to 81 industry peers in the Professional Services industry. ICFI has only an average score on both its financial health and profitability. 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
ICFI had positive earnings in the past year.
In the past year ICFI had a positive cash flow from operations.
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
Looking at the Return On Assets, with a value of 5.29%, ICFI is in the better half of the industry, outperforming 60.49% of the companies in the same industry.
With a Return On Equity value of 11.32%, ICFI perfoms like the industry average, outperforming 55.56% of the companies in the same industry.
ICFI has a Return On Invested Capital of 7.97%. This is comparable to the rest of the industry: ICFI outperforms 56.79% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for ICFI is significantly below the industry average of 12.53%.
The 3 year average ROIC (6.90%) for ICFI is below the current ROIC(7.97%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.29% | ||
| ROE | 11.32% | ||
| ROIC | 7.97% |
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
With a decent Profit Margin value of 5.45%, ICFI is doing good in the industry, outperforming 64.20% of the companies in the same industry.
In the last couple of years the Profit Margin of ICFI has grown nicely.
ICFI's Operating Margin of 8.11% is fine compared to the rest of the industry. ICFI outperforms 66.67% of its industry peers.
ICFI's Operating Margin has improved in the last couple of years.
ICFI's Gross Margin of 36.71% is in line compared to the rest of the industry. ICFI outperforms 53.09% of its industry peers.
ICFI's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 8.11% | ||
| PM (TTM) | 5.45% | ||
| GM | 36.71% |
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
ICFI has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
The number of shares outstanding for ICFI has been reduced compared to 1 year ago.
Compared to 5 years ago, ICFI has less shares outstanding
Compared to 1 year ago, ICFI has an improved debt to assets ratio.
2.2 Solvency
An Altman-Z score of 2.79 indicates that ICFI is not a great score, but indicates only limited risk for bankruptcy at the moment.
The Altman-Z score of ICFI (2.79) is comparable to the rest of the industry.
ICFI has a debt to FCF ratio of 4.00. This is a good value and a sign of high solvency as ICFI would need 4.00 years to pay back of all of its debts.
ICFI's Debt to FCF ratio of 4.00 is in line compared to the rest of the industry. ICFI outperforms 58.02% of its industry peers.
ICFI has a Debt/Equity ratio of 0.53. This is a neutral value indicating ICFI is somewhat dependend on debt financing.
ICFI has a Debt to Equity ratio of 0.53. This is comparable to the rest of the industry: ICFI outperforms 44.44% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.53 | ||
| Debt/FCF | 4 | ||
| Altman-Z | 2.79 |
ROIC/WACC0.95
WACC8.35%
2.3 Liquidity
ICFI has a Current Ratio of 1.34. 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 Current ratio (1.34) which is comparable to the rest of the industry.
A Quick Ratio of 1.34 indicates that ICFI should not have too much problems paying its short term obligations.
ICFI has a Quick ratio of 1.34. This is comparable to the rest of the industry: ICFI outperforms 49.38% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.34 | ||
| Quick Ratio | 1.34 |
3. Growth
3.1 Past
ICFI shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 8.05%, which is quite good.
The Earnings Per Share has been growing by 11.73% on average over the past years. This is quite good.
Looking at the last year, ICFI shows a small growth in Revenue. The Revenue has grown by 1.95% in the last year.
The Revenue has been growing slightly by 6.44% on average over the past years.
EPS 1Y (TTM)8.05%
EPS 3Y14.29%
EPS 5Y11.73%
EPS Q2Q%9.6%
Revenue 1Y (TTM)1.95%
Revenue growth 3Y9.16%
Revenue growth 5Y6.44%
Sales Q2Q%-1.38%
3.2 Future
The Earnings Per Share is expected to decrease by -0.42% on average over the next years.
Based on estimates for the next years, ICFI will show a decrease in Revenue. The Revenue will decrease by -1.91% on average per year.
EPS Next Y-2.46%
EPS Next 2Y-0.42%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year-5.25%
Revenue Next 2Y-1.91%
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.
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
The Price/Earnings ratio is 11.98, which indicates a very decent valuation of ICFI.
Compared to the rest of the industry, the Price/Earnings ratio of ICFI indicates a rather cheap valuation: ICFI is cheaper than 85.19% of the companies listed in the same industry.
ICFI is valuated cheaply when we compare the Price/Earnings ratio to 27.45, which is the current average of the S&P500 Index.
The Price/Forward Earnings ratio is 12.37, which indicates a correct 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 77.78% 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 (21.90), we can say ICFI is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.98 | ||
| Fwd PE | 12.37 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, ICFI is valued cheaper than 80.25% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, ICFI is valued a bit cheaper than 77.78% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 12.63 | ||
| EV/EBITDA | 9.82 |
4.3 Compensation for Growth
The decent profitability rating of ICFI may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)1.02
EPS Next 2Y-0.42%
EPS Next 3YN/A
5. Dividend
5.1 Amount
ICFI has a yearly dividend return of 0.63%, which is pretty low.
Compared to an average industry Dividend Yield of 2.05, ICFI pays a bit more dividend than its industry peers.
With a Dividend Yield of 0.63, ICFI pays less dividend than the S&P500 average, which is at 2.38.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.63% |
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.
ICFI has not decreased its dividend in the past 5 years, so it has a somewhat stable track record.
Dividend Growth(5Y)0.11%
Div Incr Years0
Div Non Decr Years6
5.3 Sustainability
ICFI pays out 9.56% of its income as dividend. This is a sustainable payout ratio.
DP9.56%
EPS Next 2Y-0.42%
EPS Next 3YN/A
88.43
+0.17 (+0.19%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCommercial & Professional Services
GICS IndustryProfessional Services
Earnings (Last)
Earnings (Next)
Inst Owners97.16%
Inst Owner Change0.28%
Ins Owners1.33%
Ins Owner Change4.59%
Market Cap1.63B
Analysts83.64
Price Target104.55 (18.23%)
Short Float %2.91%
Short Ratio2.73
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.63% |
Yearly Dividend0.56
Dividend Growth(5Y)0.11%
DP9.56%
Div Incr Years0
Div Non Decr Years6
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)3.87%
Min EPS beat(2)-1.57%
Max EPS beat(2)9.31%
EPS beat(4)3
Avg EPS beat(4)5.64%
Min EPS beat(4)-1.57%
Max EPS beat(4)10.9%
EPS beat(8)7
Avg EPS beat(8)7.46%
EPS beat(12)9
Avg EPS beat(12)5.74%
EPS beat(16)12
Avg EPS beat(16)7.83%
Revenue beat(2)0
Avg Revenue beat(2)-1.73%
Min Revenue beat(2)-1.89%
Max Revenue beat(2)-1.57%
Revenue beat(4)0
Avg Revenue beat(4)-2.05%
Min Revenue beat(4)-4.01%
Max Revenue beat(4)-0.75%
Revenue beat(8)1
Avg Revenue beat(8)-1.55%
Revenue beat(12)1
Avg Revenue beat(12)-1.59%
Revenue beat(16)3
Avg Revenue beat(16)-1.23%
PT rev (1m)-2.38%
PT rev (3m)-5.09%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-5.13%
EPS NY rev (1m)0.46%
EPS NY rev (3m)-1.32%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.84%
Revenue NY rev (1m)0.1%
Revenue NY rev (3m)-0.81%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.98 | ||
| Fwd PE | 12.37 | ||
| P/S | 0.81 | ||
| P/FCF | 12.63 | ||
| P/OCF | 10.96 | ||
| P/B | 1.68 | ||
| P/tB | N/A | ||
| EV/EBITDA | 9.82 |
EPS(TTM)7.38
EY8.35%
EPS(NY)7.15
Fwd EY8.09%
FCF(TTM)7
FCFY7.91%
OCF(TTM)8.07
OCFY9.12%
SpS109.34
BVpS52.63
TBVpS-20.91
PEG (NY)N/A
PEG (5Y)1.02
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.29% | ||
| ROE | 11.32% | ||
| ROCE | 9.64% | ||
| ROIC | 7.97% | ||
| ROICexc | 8% | ||
| ROICexgc | 40.42% | ||
| OM | 8.11% | ||
| PM (TTM) | 5.45% | ||
| GM | 36.71% | ||
| FCFM | 6.4% |
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-Score6
Asset Turnover0.97
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.53 | ||
| Debt/FCF | 4 | ||
| Debt/EBITDA | 2.35 | ||
| Cap/Depr | 36.13% | ||
| Cap/Sales | 0.98% | ||
| Interest Coverage | 6.08 | ||
| Cash Conversion | 68.22% | ||
| Profit Quality | 117.46% | ||
| Current Ratio | 1.34 | ||
| Quick Ratio | 1.34 | ||
| Altman-Z | 2.79 |
F-Score6
WACC8.35%
ROIC/WACC0.95
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)8.05%
EPS 3Y14.29%
EPS 5Y11.73%
EPS Q2Q%9.6%
EPS Next Y-2.46%
EPS Next 2Y-0.42%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)1.95%
Revenue growth 3Y9.16%
Revenue growth 5Y6.44%
Sales Q2Q%-1.38%
Revenue Next Year-5.25%
Revenue Next 2Y-1.91%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y15.18%
EBIT growth 3Y14.35%
EBIT growth 5Y10.34%
EBIT Next Year25.08%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y0.59%
FCF growth 3Y18.46%
FCF growth 5Y18.41%
OCF growth 1Y-2.62%
OCF growth 3Y15.9%
OCF growth 5Y13.42%