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Iberpapel Gestión

BST:IBG
Snowflake Description

Excellent balance sheet average dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
IBG
BST
€202M
Market Cap
  1. Home
  2. DE
  3. Materials
Company description

Iberpapel Gestión, S.A., together with its subsidiaries, manufactures, sells, and exports writing and printing paper in Spain and internationally. The last earnings update was 33 days ago. More info.


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  • Iberpapel Gestión has significant price volatility in the past 3 months.
IBG Share Price and Events
7 Day Returns
3.2%
BST:IBG
12.8%
Europe Forestry
9.9%
DE Market
1 Year Returns
-38.4%
BST:IBG
-16.7%
Europe Forestry
-17.5%
DE Market
IBG Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Iberpapel Gestión (IBG) 3.2% -20.2% -26.4% -38.4% -38.5% 22.3%
Europe Forestry 12.8% -12.8% -22.9% -16.7% -28.4% -10.2%
DE Market 9.9% -16.6% -24.8% -17.5% -24.5% -28.1%
1 Year Return vs Industry and Market
  • IBG underperformed the Forestry industry which returned -16.7% over the past year.
  • IBG underperformed the Market in Germany which returned -17.5% over the past year.
Price Volatility
IBG
Industry
5yr Volatility vs Market

Value

 Is Iberpapel Gestión 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 Iberpapel Gestión 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 Iberpapel Gestión.

BST:IBG Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 2 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.6%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

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 BST:IBG
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 7.5%
Forestry Unlevered Beta Simply Wall St/ S&P Global 1.04
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.039 (1 + (1- 25%) (34.98%))
1.209
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.21
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (1.209 * 7.46%)
8.63%

Discounted Cash Flow Calculation for BST:IBG using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Iberpapel Gestión 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.

BST:IBG DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 8.63%)
2020 -35.10 Analyst x1 -32.31
2021 19.50 Analyst x2 16.53
2022 16.25 Est @ -16.69% 12.67
2023 14.33 Est @ -11.8% 10.29
2024 13.13 Est @ -8.38% 8.68
2025 12.34 Est @ -5.98% 7.51
2026 11.81 Est @ -4.3% 6.62
2027 11.44 Est @ -3.13% 5.90
2028 11.18 Est @ -2.31% 5.31
2029 10.98 Est @ -1.73% 4.80
Present value of next 10 years cash flows €46.00
BST:IBG DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= €10.98 × (1 + -0.39%) ÷ (8.63% – -0.39%)
€121.35
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €121.35 ÷ (1 + 8.63%)10
€53.05
BST:IBG Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €46.00 + €53.05
€99.05
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €99.05 / 10.92
€9.07
BST:IBG Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in BST:IBG represents 0.96216x of BME:IBG
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.96216x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (EUR) x Listing Adjustment Factor
= € 9.07 x 0.96216
€8.73
Value per share (EUR) From above. €8.73
Current discount Discount to share price of €17.80
= -1 x (€17.80 - €8.73) / €8.73
-104%

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

  • The current share price of Iberpapel Gestión 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 Iberpapel Gestión's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Iberpapel Gestión's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BST:IBG PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in EUR €2.06
BME:IBG Share Price ** BME (2020-03-31) in EUR €18.5
Europe Forestry Industry PE Ratio Median Figure of 31 Publicly-Listed Forestry Companies 8.98x
Germany Market PE Ratio Median Figure of 399 Publicly-Listed Companies 16.31x

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

** Primary Listing of Iberpapel Gestión.

BST:IBG PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BME:IBG Share Price ÷ EPS (both in EUR)

= 18.5 ÷ 2.06

8.99x

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

  • Iberpapel Gestión is overvalued based on earnings compared to the Europe Forestry industry average.
  • Iberpapel Gestión is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Iberpapel Gestión's expected growth come at a high price?
Raw Data
BST:IBG PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 8.99x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
-0%per year
Europe Forestry Industry PEG Ratio Median Figure of 21 Publicly-Listed Forestry Companies 0.43x
Germany Market PEG Ratio Median Figure of 255 Publicly-Listed Companies 1.18x

*Line of best fit is calculated by linear regression .

BST:IBG PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 8.99x ÷ -0%

-1166.36x

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

  • Iberpapel Gestión earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Iberpapel Gestión's assets?
Raw Data
BST:IBG PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in EUR €24.43
BME:IBG Share Price * BME (2020-03-31) in EUR €18.5
Europe Forestry Industry PB Ratio Median Figure of 38 Publicly-Listed Forestry Companies 0.9x
Germany Market PB Ratio Median Figure of 571 Publicly-Listed Companies 1.43x
BST:IBG PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BME:IBG Share Price ÷ Book Value per Share (both in EUR)

= 18.5 ÷ 24.43

0.76x

* Primary Listing of Iberpapel Gestión.

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

  • Iberpapel Gestión is good value based on assets compared to the Europe Forestry industry average.
X
Value checks
We assess Iberpapel Gestión'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 Forestry 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 Forestry industry average (and greater than 0)? (1 check)
  5. Iberpapel Gestión has a total score of 2/6, 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.

Future Performance

 How is Iberpapel Gestión expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

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
-0%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Iberpapel Gestión expected to grow at an attractive rate?
  • Iberpapel Gestión's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Iberpapel Gestión's earnings are expected to decrease over the next 1-3 years, this is below the Germany market average.
  • Iberpapel Gestión's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
BST:IBG Future Growth Rates Data Sources
Data Point Source Value (per year)
BST:IBG Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts -0%
BST:IBG Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 16.4%
Europe Forestry Industry Earnings Growth Rate Market Cap Weighted Average -8.1%
Europe Forestry Industry Revenue Growth Rate Market Cap Weighted Average 0.7%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.4%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.1%

*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
BST:IBG Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BST:IBG Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 296 21 1
2020-12-31 244 16 1
2020-03-31
BST:IBG Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-12-31 214 26 22
2019-09-30 223 25
2019-06-30 229 34 26
2019-03-31 235 26
2018-12-31 221 38 25
2018-09-30 222 25
2018-06-30 222 38 25
2018-03-31 216 24
2017-12-31 219 36 23
2017-09-30 216 22
2017-06-30 207 29 21
2017-03-31 205 20

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Iberpapel Gestión's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Iberpapel Gestión's revenue is expected to grow by 16.4% yearly, however this is not considered high growth (20% yearly).
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
BST:IBG Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

All data from Iberpapel Gestión Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BST:IBG Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 1.88 2.01 1.74 2.00
2020-12-31 1.43 1.43 1.43 1.00
2020-03-31
BST:IBG Past Financials Data
Date (Data in EUR Millions) EPS *
2019-12-31 2.06
2019-09-30
2019-06-30 2.42
2019-03-31
2018-12-31 2.36
2018-09-30
2018-06-30 2.37
2018-03-31
2017-12-31 2.15
2017-09-30
2017-06-30 1.97
2017-03-31

*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 Iberpapel Gestión will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Iberpapel Gestión'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 Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe 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.
Iberpapel Gestión has a total score of 2/6, 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.

Past Performance

  How has Iberpapel Gestión 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 Iberpapel Gestión's growth in the last year to its industry (Forestry).
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.
  • Iberpapel Gestión's year on year earnings growth rate has been positive over the past 5 years.
  • Iberpapel Gestión's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Iberpapel Gestión's 1-year earnings growth is negative, it can't be compared to the Europe Forestry industry average.
Earnings and Revenue History
Iberpapel Gestión'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 Iberpapel Gestión Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BST:IBG Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 213.71 21.68 20.30
2019-09-30 223.19 24.72 19.60
2019-06-30 228.98 25.60 19.42
2019-03-31 234.54 26.30 19.35
2018-12-31 221.31 25.21 19.29
2018-09-30 222.50 25.29 19.97
2018-06-30 221.63 24.92 20.10
2018-03-31 215.63 23.56 20.12
2017-12-31 218.58 22.91 20.10
2017-09-30 215.53 21.71 19.37
2017-06-30 206.57 21.19 19.52
2017-03-31 204.55 20.30 19.51
2016-12-31 202.25 20.11 19.25
2016-09-30 201.85 19.46 19.23
2016-06-30 210.53 20.01 18.89
2016-03-31 213.72 17.78 18.71
2015-12-31 218.67 16.11 18.78
2015-09-30 216.94 13.23 18.73
2015-06-30 211.76 11.48 18.73
2015-03-31 208.41 10.32 18.94
2014-12-31 201.38 9.11 19.10
2014-09-30 198.23 3.97 19.15
2014-06-30 196.71 2.45 19.38
2014-03-31 204.12 3.57 19.26
2013-12-31 210.78 7.27 19.30
2013-09-30 215.46 11.10 19.11
2013-06-30 216.15 15.07 19.53

*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.
  • Iberpapel Gestión has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Iberpapel Gestión used its assets more efficiently than the Europe Forestry industry average last year based on Return on Assets.
  • Iberpapel Gestión's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Iberpapel Gestión'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 Forestry 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.
Iberpapel Gestión has a total score of 2/6, 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.

Health

 How is Iberpapel Gestión'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 Iberpapel Gestión's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Iberpapel Gestión is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Iberpapel Gestión's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Iberpapel Gestión'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 3x 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 Iberpapel Gestión Company Filings, last reported 3 months ago.

BST:IBG Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 266.83 70.67 147.49
2019-09-30 265.89 73.28 169.77
2019-06-30 263.54 72.79 170.65
2019-03-31 259.14 73.46 171.83
2018-12-31 255.36 81.48 165.75
2018-09-30 241.75 73.28 154.40
2018-06-30 239.17 74.07 164.30
2018-03-31 236.68 76.86 161.31
2017-12-31 236.77 76.72 152.07
2017-09-30 229.59 73.86 142.85
2017-06-30 226.99 4.66 68.40
2017-03-31 228.28 4.73 67.22
2016-12-31 227.45 8.63 58.69
2016-09-30 219.32 3.99 57.36
2016-06-30 214.10 5.29 57.49
2016-03-31 210.26 4.83 34.60
2015-12-31 213.90 8.51 50.74
2015-09-30 209.72 5.06 46.87
2015-06-30 210.20 2.37 45.97
2015-03-31 209.50 2.46 36.58
2014-12-31 208.19 9.88 36.18
2014-09-30 209.33 1.62 40.09
2014-06-30 205.87 2.56 41.65
2014-03-31 205.50 2.59 32.60
2013-12-31 210.11 15.59 31.31
2013-09-30 213.14 1.59 28.04
2013-06-30 215.84 1.85 32.72
  • Iberpapel Gestión's level of debt (26.5%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (4.7% vs 26.5% today).
  • Debt is well covered by operating cash flow (36.2%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 48x coverage).
X
Financial health checks
We assess Iberpapel Gestión'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. Iberpapel Gestión 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.

Dividends

 What is Iberpapel Gestión'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
3.78%
Current annual income from Iberpapel Gestión dividends. Estimated to be 2.65% next year.
If you bought €2,000 of Iberpapel Gestión shares you are expected to receive €76 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?
  • Iberpapel Gestión's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.68%).
  • Iberpapel Gestión's dividend is below the markets top 25% of dividend payers in Germany (4.97%).
Upcoming dividend payment

Purchase Iberpapel Gestión before the 'Ex-dividend' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
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
BST:IBG 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 2 Analyst Estimates (S&P Global) See Below
Europe Forestry Industry Average Dividend Yield Market Cap Weighted Average of 23 Stocks 5.4%
Germany Market Average Dividend Yield Market Cap Weighted Average of 323 Stocks 3.8%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.9%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 5%

Industry and Market average data is calculated daily.

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

BST:IBG Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.56 2.00
2020-12-31 0.36 1.00
2020-03-31
BST:IBG Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-04-26 0.700 2.711
2019-02-28 0.700 2.343
2019-02-27 0.700 2.236
2018-02-28 0.545 1.628
2018-02-27 0.545 1.505
2017-03-01 0.644 2.227
2016-02-26 0.680 3.512
2016-02-25 0.680 4.213
2015-04-21 0.485 3.183
2015-02-26 0.485 3.401
2014-10-27 0.388 3.219
2014-07-24 0.388 3.219
2014-04-09 0.388 3.009
2014-02-19 0.340 2.353
2013-02-28 0.485 3.412
2013-02-27 0.243 1.740
2012-07-26 0.291 2.267
2012-03-05 0.680 5.424
2012-02-23 0.291 2.263
2011-03-07 0.680 4.962
2011-02-28 0.291 1.950
2010-03-01 0.078 0.651
2009-12-16 0.064 0.628
2009-04-17 0.078 0.797

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

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Iberpapel Gestión's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.9x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (3.4x coverage).
X
Income/ dividend checks
We assess Iberpapel Gestión's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - 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 Iberpapel Gestión afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Iberpapel Gestión has a total score of 4/6, see the detailed checks below.


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

Management

 What is the CEO of Iberpapel Gestión'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
Fermín Urtasun Erro
CEO Bio

Mr. Fermín Urtasun Erro serves as the Chief Executive Officer of Iberpapel Gestion SA. Mr. Erro served as an Assistant Chief Executive Officer of Iberpapel Gestion SA.

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

Inigo Echevarria Canales

TITLE
Chairman

Fermín Urtasun Erro

TITLE
Chief Executive Officer

Luis Gonzalez Gutierrez

TITLE
Finance Director

Joaquín Manso Ramón

TITLE
Legal Director & Secretary to the Board

Jose Maria Reparaz Abaitua

TITLE
Human Resource Director

Carlos Avello Iturriagagoitia

TITLE
Senior Manager

Francisco Fortin Alvarez

TITLE
Treasury Director
Board of Directors Tenure

Average tenure of the Iberpapel Gestión board of directors in years:

9.7
Average Tenure
  • The tenure for the Iberpapel Gestión board of directors is about average.
Board of Directors

Inigo Echevarria Canales

TITLE
Chairman
TENURE
10.3 yrs

Nestor Basterra Larroude

TITLE
Independent Vice Chairman
AGE
61

Maria Luisa Guibert Ucin

TITLE
Non-Executive Independent Director
TENURE
9.7 yrs

Inaki Martinez Penalba

TITLE
Non-Executive Independent Director
TENURE
7.7 yrs

Martin Maria Gonzalez del Valle Chavarri

TITLE
External Director
TENURE
14.7 yrs

Inaki Usandizaga Aranzadi

TITLE
Non-Executive Director
TENURE
22.4 yrs

Gabriel Sansinenea Urbistondo

TITLE
Non-Executive Independent Director
TENURE
9.7 yrs

Jesus Alberdi Areizaga

TITLE
Non-Executive Independent Director
TENURE
5.8 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 (€) Value (€)
X
Management checks
We assess Iberpapel Gestión'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. Iberpapel Gestión 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.

News

Simply Wall St News

Company Info

Description

Iberpapel Gestión, S.A., together with its subsidiaries, manufactures, sells, and exports writing and printing paper in Spain and internationally. The company operates through Paper, Gas-fired Electricity Cogeneration, and Forestry and Other segments. It offers paper for bags and packaging, as well as label face products. The company also generates 10 Mwh of electricity through biomass; and 50 Mwh of electricity through gas cogeneration. In addition, it owns and manages 25,778 hectares of land in Spain, Argentina, and Uruguay. Further, the company is involved in the reforestation and forestry operations; and sale of timber. Iberpapel Gestión, S.A. was founded in 1935 and is headquartered in San Sebastián, Spain.

Details
Name: Iberpapel Gestión, S.A.
IBG
Exchange: BST
Founded: 1935
€202,042,718
10,921,228
Website: http://www.iberpapel.es
Address: Iberpapel Gestión, S.A.
Avenida de Sancho El Sabio, 2 - 1º,
San Sebastián,
Basque Country, 20010,
Spain
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BME IBG Ordinary Shares Bolsas y Mercados Espanoles ES EUR 17. Dec 1997
BST IBG Ordinary Shares Boerse-Stuttgart DE EUR 17. Dec 1997
LSE 0ERM Ordinary Shares London Stock Exchange GB EUR 17. Dec 1997
BATS-CHIXE IBGE Ordinary Shares BATS 'Chi-X Europe' GB EUR 17. Dec 1997
Number of employees
Current staff
Staff numbers
294
Iberpapel Gestión employees.
Industry
Paper Products
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/03/31 23:35
End of day share price update: 2020/03/31 00:00
Last estimates confirmation: 2020/02/28
Last earnings filing: 2020/02/27
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


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.