INGRAM MICRO HOLDING CORP (INGM) Stock Fundamental Analysis
NYSE:INGM - New York Stock Exchange, Inc. - US4571521065 - Common Stock - Currency: USD
Taking everything into account, INGM scores 3 out of 10 in our fundamental rating. INGM was compared to 124 industry peers in the Electronic Equipment, Instruments & Components industry. INGM may be in some trouble as it scores bad on both profitability and health. INGM is valued correctly, but it does not seem to be growing.
1. Profitability
1.1 Basic Checks
INGM had positive earnings in the past year.
In the past year INGM had a positive cash flow from operations.
1.2 Ratios
INGM's Return On Assets of 1.41% is in line compared to the rest of the industry. INGM outperforms 54.03% of its industry peers.
The Return On Equity of INGM (7.08%) is better than 67.74% of its industry peers.
INGM's Return On Invested Capital of 7.27% is fine compared to the rest of the industry. INGM outperforms 72.58% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for INGM is in line with the industry average of 9.15%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.41% | ||
| ROE | 7.08% | ||
| ROIC | 7.27% |
ROA(3y)5.29%
ROA(5y)N/A
ROE(3y)31.81%
ROE(5y)N/A
ROIC(3y)7.7%
ROIC(5y)N/A
1.3 Margins
INGM has a Profit Margin (0.55%) which is in line with its industry peers.
In the last couple of years the Profit Margin of INGM has declined.
INGM's Operating Margin of 1.79% is in line compared to the rest of the industry. INGM outperforms 53.23% of its industry peers.
In the last couple of years the Operating Margin of INGM has remained more or less at the same level.
With a Gross Margin value of 7.18%, INGM is not doing good in the industry: 85.48% of the companies in the same industry are doing better.
INGM's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 1.79% | ||
| PM (TTM) | 0.55% | ||
| GM | 7.18% |
OM growth 3Y0.2%
OM growth 5YN/A
PM growth 3Y-14.23%
PM growth 5YN/A
GM growth 3Y-1.66%
GM growth 5YN/A
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), INGM is destroying value.
Compared to 1 year ago, INGM has less shares outstanding
INGM has a better debt/assets ratio than last year.
2.2 Solvency
INGM has an Altman-Z score of 3.24. This indicates that INGM is financially healthy and has little risk of bankruptcy at the moment.
INGM's Altman-Z score of 3.24 is in line compared to the rest of the industry. INGM outperforms 59.68% of its industry peers.
INGM has a debt to FCF ratio of 17.54. This is a negative value and a sign of low solvency as INGM would need 17.54 years to pay back of all of its debts.
With a Debt to FCF ratio value of 17.54, INGM perfoms like the industry average, outperforming 50.00% of the companies in the same industry.
INGM has a Debt/Equity ratio of 0.85. This is a neutral value indicating INGM is somewhat dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.85, INGM is doing worse than 86.29% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.85 | ||
| Debt/FCF | 17.54 | ||
| Altman-Z | 3.24 |
ROIC/WACC0.83
WACC8.78%
2.3 Liquidity
A Current Ratio of 1.40 indicates that INGM should not have too much problems paying its short term obligations.
With a Current ratio value of 1.40, INGM is not doing good in the industry: 80.65% of the companies in the same industry are doing better.
INGM has a Quick Ratio of 1.40. This is a bad value and indicates that INGM is not financially healthy enough and could expect problems in meeting its short term obligations.
The Quick ratio of INGM (0.98) is worse than 80.65% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.4 | ||
| Quick Ratio | 0.98 |
3. Growth
3.1 Past
INGM shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -24.88%.
The earnings per share for INGM have been decreasing by -17.69% on average. This is quite bad
INGM shows a decrease in Revenue. In the last year, the revenue decreased by -0.12%.
Measured over the past years, INGM shows a decrease in Revenue. The Revenue has been decreasing by -4.13% on average per year.
EPS 1Y (TTM)-24.88%
EPS 3Y-17.69%
EPS 5YN/A
EPS Q2Q%-38.94%
Revenue 1Y (TTM)-0.12%
Revenue growth 3Y-4.13%
Revenue growth 5YN/A
Sales Q2Q%2.5%
3.2 Future
Based on estimates for the next years, INGM will show a quite strong growth in Earnings Per Share. The EPS will grow by 8.60% on average per year.
Based on estimates for the next years, INGM will show a small growth in Revenue. The Revenue will grow by 2.92% on average per year.
EPS Next Y4.78%
EPS Next 2Y9.63%
EPS Next 3Y8.6%
EPS Next 5YN/A
Revenue Next Year2.96%
Revenue Next 2Y3.31%
Revenue Next 3Y2.92%
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 accelerating.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 14.34, the valuation of INGM can be described as correct.
Based on the Price/Earnings ratio, INGM is valued cheaper than 83.06% of the companies in the same industry.
INGM is valuated rather cheaply when we compare the Price/Earnings ratio to 28.33, which is the current average of the S&P500 Index.
INGM is valuated cheaply with a Price/Forward Earnings ratio of 5.51.
Based on the Price/Forward Earnings ratio, INGM is valued cheaply inside the industry as 97.58% of the companies are valued more expensively.
Compared to an average S&P500 Price/Forward Earnings ratio of 21.37, INGM is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.34 | ||
| Fwd PE | 5.51 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, INGM is valued cheaply inside the industry as 93.55% of the companies are valued more expensively.
Based on the Price/Free Cash Flow ratio, INGM is valued a bit cheaper than 71.77% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 19.73 | ||
| EV/EBITDA | 5.89 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
PEG (NY)3
PEG (5Y)N/A
EPS Next 2Y9.63%
EPS Next 3Y8.6%
5. Dividend
5.1 Amount
INGM has a Yearly Dividend Yield of 1.83%.
The stock price of INGM dropped by -31.16% 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 2.39, INGM pays a better dividend. On top of this INGM pays more dividend than 90.32% of the companies listed in the same industry.
INGM's Dividend Yield is slightly below the S&P500 average, which is at 2.51.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.83% |
5.2 History
INGM is new to the dividend game and has less than 3 years of track record.
Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
INGM pays out 2.34% of its income as dividend. This is a sustainable payout ratio.
DP2.34%
EPS Next 2Y9.63%
EPS Next 3Y8.6%
16.06
+0.18 (+1.13%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryElectronic Equipment, Instruments & Components
Earnings (Last)
Earnings (Next)
Inst Owners11.69%
Inst Owner Change0.03%
Ins Owners1.43%
Ins Owner Change49.14%
Market Cap3.77B
Analysts80
Price Target26.97 (67.93%)
Short Float %5.48%
Short Ratio3.25
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.83% |
Yearly Dividend0.03
Dividend Growth(5Y)N/A
DP2.34%
Div Incr Years0
Div Non Decr Years0
Ex-Date
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)-6.67%
PT rev (3m)-5.89%
EPS NQ rev (1m)-6.8%
EPS NQ rev (3m)N/A
EPS NY rev (1m)-8%
EPS NY rev (3m)-9.37%
Revenue NQ rev (1m)-0.02%
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-0.63%
Revenue NY rev (3m)-0.76%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.34 | ||
| Fwd PE | 5.51 | ||
| P/S | 0.08 | ||
| P/FCF | 19.73 | ||
| P/OCF | 11.3 | ||
| P/B | 1.01 | ||
| P/tB | 1.77 | ||
| EV/EBITDA | 5.89 |
EPS(TTM)1.12
EY6.97%
EPS(NY)2.91
Fwd EY18.14%
FCF(TTM)0.81
FCFY5.07%
OCF(TTM)1.42
OCFY8.85%
SpS204.33
BVpS15.9
TBVpS9.06
PEG (NY)3
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.41% | ||
| ROE | 7.08% | ||
| ROCE | 11.46% | ||
| ROIC | 7.27% | ||
| ROICexc | 8.28% | ||
| ROICexgc | 10.97% | ||
| OM | 1.79% | ||
| PM (TTM) | 0.55% | ||
| GM | 7.18% | ||
| FCFM | 0.4% |
ROA(3y)5.29%
ROA(5y)N/A
ROE(3y)31.81%
ROE(5y)N/A
ROIC(3y)7.7%
ROIC(5y)N/A
ROICexc(3y)8.94%
ROICexc(5y)N/A
ROICexgc(3y)12.1%
ROICexgc(5y)N/A
ROCE(3y)12.14%
ROCE(5y)N/A
ROICexcg growth 3Y-5.95%
ROICexcg growth 5YN/A
ROICexc growth 3Y-3.79%
ROICexc growth 5YN/A
OM growth 3Y0.2%
OM growth 5YN/A
PM growth 3Y-14.23%
PM growth 5YN/A
GM growth 3Y-1.66%
GM growth 5YN/A
F-Score4
Asset Turnover2.56
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.85 | ||
| Debt/FCF | 17.54 | ||
| Debt/EBITDA | 3.03 | ||
| Cap/Depr | 75.37% | ||
| Cap/Sales | 0.3% | ||
| Interest Coverage | 2.55 | ||
| Cash Conversion | 31.91% | ||
| Profit Quality | 72.34% | ||
| Current Ratio | 1.4 | ||
| Quick Ratio | 0.98 | ||
| Altman-Z | 3.24 |
F-Score4
WACC8.78%
ROIC/WACC0.83
Cap/Depr(3y)84.57%
Cap/Depr(5y)N/A
Cap/Sales(3y)0.33%
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-24.88%
EPS 3Y-17.69%
EPS 5YN/A
EPS Q2Q%-38.94%
EPS Next Y4.78%
EPS Next 2Y9.63%
EPS Next 3Y8.6%
EPS Next 5YN/A
Revenue 1Y (TTM)-0.12%
Revenue growth 3Y-4.13%
Revenue growth 5YN/A
Sales Q2Q%2.5%
Revenue Next Year2.96%
Revenue Next 2Y3.31%
Revenue Next 3Y2.92%
Revenue Next 5YN/A
EBIT growth 1Y-11.1%
EBIT growth 3Y-3.94%
EBIT growth 5YN/A
EBIT Next Year27.03%
EBIT Next 3Y14.95%
EBIT Next 5YN/A
FCF growth 1Y233.93%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y467.52%
OCF growth 3YN/A
OCF growth 5YN/A