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Invermar

SNSE:INVERMAR
Snowflake Description

Excellent balance sheet with weak fundamentals.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
INVERMAR
SNSE
CLP288B
Market Cap
  1. Home
  2. CL
  3. Food, Beverage & Tobacco
Company description

Invermar S.A. engages in farming salmon species in Chile. The last earnings update was 103 days ago. More info.


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INVERMAR Share Price and Events
7 Day Returns
0%
SNSE:INVERMAR
-1.7%
CL Food
-0.9%
CL Market
1 Year Returns
-0%
SNSE:INVERMAR
-18.1%
CL Food
-22.8%
CL Market
INVERMAR Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Invermar (INVERMAR) 0% 0% 0% -0% 37.6% 172.7%
CL Food -1.7% -6.8% -6.6% -18.1% 17.5% 54.1%
CL Market -0.9% -8.5% -10.6% -22.8% -12.9% -9.4%
1 Year Return vs Industry and Market
  • INVERMAR outperformed the Food industry which returned -18.1% over the past year.
  • INVERMAR outperformed the Market in Chile which returned -22.8% over the past year.
Price Volatility
INVERMAR
Industry
5yr Volatility vs Market

INVERMAR Value

 Is Invermar undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Invermar to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Invermar.

SNSE:INVERMAR Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 12.5%
Perpetual Growth Rate 10-Year CL Government Bond Rate 7.5%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for SNSE:INVERMAR
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year CL Govt Bond Rate 7.5%
Equity Risk Premium S&P Global 6.3%
Food Unlevered Beta Simply Wall St/ S&P Global 0.57
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.568 (1 + (1- 26%) (0.5%))
0.712
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 7.47% + (0.8 * 6.33%)
12.53%

Discounted Cash Flow Calculation for SNSE:INVERMAR using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Invermar is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

SNSE:INVERMAR DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 12.53%)
2020 4.08 Est @ -32.78% 3.62
2021 3.23 Est @ -20.7% 2.55
2022 2.84 Est @ -12.25% 1.99
2023 2.66 Est @ -6.34% 1.66
2024 2.60 Est @ -2.19% 1.44
2025 2.62 Est @ 0.71% 1.29
2026 2.69 Est @ 2.73% 1.18
2027 2.80 Est @ 4.16% 1.09
2028 2.94 Est @ 5.15% 1.02
2029 3.12 Est @ 5.85% 0.96
Present value of next 10 years cash flows $16.00
SNSE:INVERMAR DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $3.12 × (1 + 7.47%) ÷ (12.53% – 7.47%)
$66.12
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $66.12 ÷ (1 + 12.53%)10
$20.30
SNSE:INVERMAR Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $16.00 + $20.30
$36.30
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $36.30 / 2,396.61
$0.02
SNSE:INVERMAR Discount to Share Price
Calculation Result
Exchange Rate USD/CLP
(Reporting currency to currency of SNSE:INVERMAR)
842.25
Value per Share
(CLP)
= Value per Share in USD x Exchange Rate (USD/CLP)
= $0.02 x 842.25
CLP12.76
Value per share (CLP) From above. CLP12.76
Current discount Discount to share price of CLP120.00
= -1 x (CLP120.00 - CLP12.76) / CLP12.76
-840.7%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Invermar is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Invermar's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Invermar's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SNSE:INVERMAR PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in USD $0.00
SNSE:INVERMAR Share Price ** SNSE (2020-03-09) in CLP CLP120
SNSE:INVERMAR Share Price converted to USD reporting currency Exchange rate (CLP/ USD) 0.001 $0.14
Chile Food Industry PE Ratio Median Figure of 15 Publicly-Listed Food Companies 10.81x
Chile Market PE Ratio Median Figure of 130 Publicly-Listed Companies 11.51x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Invermar.

SNSE:INVERMAR PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SNSE:INVERMAR Share Price ÷ EPS (both in USD)

= 0.14 ÷ 0.00

-32.1x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Invermar is loss making, we can't compare its value to the CL Food industry average.
  • Invermar is loss making, we can't compare the value of its earnings to the Chile market.
Price based on expected Growth
Does Invermar's expected growth come at a high price?
Raw Data
SNSE:INVERMAR PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -32.1x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
South America Food Industry PEG Ratio Median Figure of 13 Publicly-Listed Food Companies 1.37x
Chile Market PEG Ratio Median Figure of 29 Publicly-Listed Companies 0.93x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Invermar, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Invermar's assets?
Raw Data
SNSE:INVERMAR PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in USD $0.13
SNSE:INVERMAR Share Price * SNSE (2020-03-09) in CLP CLP120
SNSE:INVERMAR Share Price converted to USD reporting currency Exchange rate (CLP/ USD) 0.001 $0.14
Chile Food Industry PB Ratio Median Figure of 22 Publicly-Listed Food Companies 0.84x
Chile Market PB Ratio Median Figure of 160 Publicly-Listed Companies 0.9x
SNSE:INVERMAR PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SNSE:INVERMAR Share Price ÷ Book Value per Share (both in USD)

= 0.14 ÷ 0.13

1.08x

* Primary Listing of Invermar.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Invermar is overvalued based on assets compared to the CL Food industry average.
X
Value checks
We assess Invermar's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Food industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Food industry average (and greater than 0)? (1 check)
  5. Invermar has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

INVERMAR Future Performance

 How is Invermar expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Invermar has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
10.6%
Expected Food industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Invermar expected to grow at an attractive rate?
  • Unable to compare Invermar's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Invermar's earnings growth to the Chile market average as no estimate data is available.
  • Unable to compare Invermar's revenue growth to the Chile market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
SNSE:INVERMAR Future Growth Rates Data Sources
Data Point Source Value (per year)
South America Food Industry Earnings Growth Rate Market Cap Weighted Average 10.6%
South America Food Industry Revenue Growth Rate Market Cap Weighted Average 5.1%
Chile Market Earnings Growth Rate Market Cap Weighted Average 14.1%
Chile Market Revenue Growth Rate Market Cap Weighted Average 6.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
SNSE:INVERMAR Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SNSE:INVERMAR Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-09-30 241 25 -10
2019-06-30 243 41 3
2019-03-31 237 39 19
2018-12-31 230 34 21
2018-09-30 219 31 24
2018-06-30 217 33 28
2018-03-31 219 44 27
2017-12-31 219 46 36
2017-09-30 203 35 35
2017-06-30 190 33 25
2017-03-31 176 20 19
2016-12-31 145 4 11

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Invermar is high growth as no earnings estimate data is available.
  • Unable to determine if Invermar is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
SNSE:INVERMAR Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Invermar Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SNSE:INVERMAR Past Financials Data
Date (Data in USD Millions) EPS *
2019-09-30 0.00
2019-06-30 0.00
2019-03-31 0.01
2018-12-31 0.01
2018-09-30 0.02
2018-06-30 0.02
2018-03-31 0.02
2017-12-31 0.02
2017-09-30 0.02
2017-06-30 0.01
2017-03-31 0.01
2016-12-31 0.01

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Invermar will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine Invermar's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  2. Invermar's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Food, Beverage & Tobacco companies here
  3. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Invermar's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the South America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the South America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Invermar has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

INVERMAR Past Performance

  How has Invermar performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Invermar's growth in the last year to its industry (Food).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Invermar does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Invermar's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Invermar's 1-year growth to the CL Food industry average as it is not currently profitable.
Earnings and Revenue History
Invermar's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Invermar Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SNSE:INVERMAR Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 241.15 -9.60 12.67
2019-06-30 242.65 2.81 12.21
2019-03-31 237.27 18.80 11.69
2018-12-31 229.92 20.84 10.78
2018-09-30 218.67 23.83 10.08
2018-06-30 216.94 27.68 9.99
2018-03-31 219.16 27.00 9.69
2017-12-31 219.10 36.10 9.34
2017-09-30 202.72 35.49 7.83
2017-06-30 189.77 24.92 7.35
2017-03-31 175.65 19.20 7.02
2016-12-31 145.00 10.79 6.16
2016-09-30 124.60 1.93 5.48
2016-06-30 108.70 -14.03 5.22
2016-03-31 81.87 -10.46 5.73
2015-12-31 67.81 56.87 6.03
2015-09-30 71.40 53.67 6.31
2015-06-30 83.97 67.35 6.67
2015-03-31 96.23 57.23 6.98
2014-12-31 99.54 -14.06 7.46
2014-09-30 116.56 -5.41 13.51
2014-06-30 119.06 -5.27 13.48
2014-03-31 125.79 9.56 13.29
2013-12-31 134.70 7.46 14.23
2013-09-30 129.38 -25.33 12.07
2013-06-30 131.76 -36.95 14.68
2013-03-31 136.40 -55.69 17.76

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Invermar has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Invermar has efficiently used its assets last year compared to the CL Food industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Invermar improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Invermar's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Food industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Invermar has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

INVERMAR Health

 How is Invermar's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Invermar's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Invermar is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Invermar's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Invermar's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 118.6x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Invermar Company Filings, last reported 5 months ago.

SNSE:INVERMAR Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 315.38 1.71 10.46
2019-06-30 317.91 1.68 22.41
2019-03-31 326.83 1.66 28.72
2018-12-31 209.46 17.43 11.21
2018-09-30 211.07 23.40 7.62
2018-06-30 200.73 23.46 7.54
2018-03-31 193.70 24.39 8.40
2017-12-31 194.93 24.47 4.49
2017-09-30 187.86 23.70 6.74
2017-06-30 173.69 23.73 10.65
2017-03-31 167.31 37.75 12.58
2016-12-31 159.43 52.94 12.47
2016-09-30 67.35 72.27 2.17
2016-06-30 63.75 72.40 4.10
2016-03-31 63.11 72.37 1.05
2015-12-31 63.65 72.39 3.85
2015-09-30 69.03 72.52 4.09
2015-06-30 81.38 72.53 1.60
2015-03-31 77.47 73.09 1.57
2014-12-31 10.82 156.80 2.12
2014-09-30 15.58 155.28 1.19
2014-06-30 12.39 156.58 1.58
2014-03-31 18.46 155.95 1.07
2013-12-31 22.80 157.71 2.85
2013-09-30 10.87 156.13 2.16
2013-06-30 9.33 157.41 2.78
2013-03-31 0.53 156.07 2.36
  • Invermar's level of debt (0.5%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (1000.1% vs 0.5% today).
  • Debt is well covered by operating cash flow (1463.7%, greater than 20% of total debt).
  • Unable to confirm if the interest payments on Invermar's debt are well covered by earnings due to lack of past financial data.
X
Financial health checks
We assess Invermar's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Invermar has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

INVERMAR Dividends

 What is Invermar's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0.31%
Current annual income from Invermar dividends.
If you bought CLP2,000 of Invermar shares you are expected to receive CLP6 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Invermar's pays a lower dividend yield than the bottom 25% of dividend payers in Chile (2.63%).
  • Invermar's dividend is below the markets top 25% of dividend payers in Chile (6.06%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
SNSE:INVERMAR Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Chile Food Industry Average Dividend Yield Market Cap Weighted Average of 17 Stocks 4.7%
Chile Market Average Dividend Yield Market Cap Weighted Average of 130 Stocks 4.4%
Chile Minimum Threshold Dividend Yield 10th Percentile 1%
Chile Bottom 25% Dividend Yield 25th Percentile 2.6%
Chile Top 25% Dividend Yield 75th Percentile 6.1%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

SNSE:INVERMAR Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2018-05-28 0.000 0.254
2018-03-29 0.000 0.228
2009-07-30 0.000 0.000

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Invermar is not paying a notable dividend for Chile, therefore no need to check if the payments are stable.
  • Invermar is not paying a notable dividend for Chile, therefore no need to check if the payments are increasing.
Current Payout to shareholders
What portion of Invermar's earnings are paid to the shareholders as a dividend.
  • No need to calculate the sustainability of Invermar's dividends as it is not paying a notable one for Chile.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Invermar's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Invermar afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Invermar has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

INVERMAR Management

 What is the CEO of Invermar's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Paul Ernst Silva
TENURE AS CEO 1.8 years
CEO Bio

Mr. Paul Ernst Weber Silva is General Manager at Invermar S.A. since June 12, 2018 and serves as Director from April 24, 2015 to June 12, 2018. Mr. Silva serves as Member of the Board of Directors of Invertec Ostimar and Inverted Pacific Seafood. Mr. Silva holds a degree in Chemical Engineering from Universidad de Chile.

CEO Compensation
  • Insufficient data for Paul Ernst to compare compensation growth.
  • Insufficient data for Paul Ernst to establish whether their remuneration is reasonable compared to companies of similar size in .
Management Team Tenure

Average tenure of the Invermar management team in years:

0.8
Average Tenure
  • The average tenure for the Invermar management team is less than 2 years, this suggests a new team.
Management Team

Paul Ernst Silva

TITLE
GM & Director
TENURE
1.8 yrs

Felipe Pulido Justiniano

TITLE
Manager of Administration & Finance
TENURE
0.8 yrs

Cristian Alonso Olivares Salazar

TITLE
Chief Operating Officer

Roxana Arriagada López

TITLE
Technical Manager
TENURE
0.8 yrs

Mónica Alarcón Reyes

TITLE
Human Resources Manager
TENURE
0.8 yrs
Board of Directors Tenure

Average tenure of the Invermar board of directors in years:

4.9
Average Tenure
  • The tenure for the Invermar board of directors is about average.
Board of Directors

Roberto Izquierdo Menéndez

TITLE
Chairman of the Board of Directors
TENURE
4.9 yrs

Paul Ernst Silva

TITLE
GM & Director
TENURE
4.9 yrs

Vicente Izquierdo Menéndez

TITLE
Director
TENURE
4.9 yrs

Fernando Izquierdo Menéndez

TITLE
Director
TENURE
4.9 yrs

María Ileana Taboda Bittner

TITLE
Director
TENURE
4.9 yrs

Juan Agustín Izquierdo Etchebarme

TITLE
Director
TENURE
4.9 yrs

Santiago Izquierdo Menéndez

TITLE
Director
TENURE
4.9 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CLP) Value (CLP)
X
Management checks
We assess Invermar's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Invermar has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

INVERMAR News

Simply Wall St News

INVERMAR Company Info

Description

Invermar S.A. engages in farming salmon species in Chile. It produces and sells atlantic salmon, trout, and coho salmon. The company was founded in 1988 and is headquartered in Santiago, Chile. Invermar S.A. is a subsidiary of Alimentos Marinos SA.

Details
Name: Invermar S.A.
INVERMAR
Exchange: SNSE
Founded: 1988
CLP287,592,607,800
2,396,605,065
Website: http://www.invermar.cl
Address: Invermar S.A.
Mar del Plata 2111,
Providencia,
Santiago,
Region Metropolitana (Santiago), Chile
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SNSE INVERMAR Ordinary Shares Santiago Stock Exchange CL CLP 02. Feb 2007
Number of employees
Current staff
Staff numbers
0
Invermar employees.
Industry
Packaged Foods and Meats
Food, Beverage & Tobacco
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/03/10 18:12
End of day share price update: 2020/03/09 00:00
Last earnings filing: 2019/11/28
Last earnings reported: 2019/09/30
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.