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IVS Group

BATS-CHIXE:IVSM
Snowflake Description

Slightly overvalued with concerning outlook.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
IVSM
BATS-CHIXE
€245M
Market Cap
  1. Home
  2. GB
  3. Retail
Company description

IVS Group S.A., through its subsidiaries, operates vending machines. The last earnings update was 13 days ago. More info.


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IVSM Share Price and Events
7 Day Returns
0%
BATS-CHIXE:IVSM
3.3%
GB Online Retail
0.1%
GB Market
1 Year Returns
-22.2%
BATS-CHIXE:IVSM
-8.7%
GB Online Retail
-23.6%
GB Market
IVSM Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
IVS Group (IVSM) 0% 0% -12.9% -22.2% -23.4% -
GB Online Retail 3.3% -6.4% -13.9% -8.7% 37% 64.4%
GB Market 0.1% -15.5% -27% -23.6% -24.3% -23.5%
1 Year Return vs Industry and Market
  • IVSM underperformed the Online Retail industry which returned -8.7% over the past year.
  • IVSM outperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned -23.6% over the past year.
Price Volatility
IVSM
Industry
5yr Volatility vs Market

Value

 Is IVS Group 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 IVS Group 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 IVS Group.

BATS-CHIXE:IVSM Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 1 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 17%
Perpetual Growth Rate 10-Year GB Government Bond Rate 0.5%

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 BATS-CHIXE:IVSM
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GB Govt Bond Rate 0.5%
Equity Risk Premium S&P Global 8.2%
Online Retail Unlevered Beta Simply Wall St/ S&P Global 1.42
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.419 (1 + (1- 24%) (201.53%))
2.736
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.53% + (2 * 8.23%)
16.99%

Discounted Cash Flow Calculation for BATS-CHIXE:IVSM using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for IVS Group 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.

BATS-CHIXE:IVSM DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 16.99%)
2020 36.00 Analyst x1 30.77
2021 -2.00 Analyst x1 -1.46
2022 25.00 Analyst x1 15.61
2023 24.87 Est @ -0.51% 13.28
2024 24.82 Est @ -0.2% 11.33
2025 24.83 Est @ 0.02% 9.68
2026 24.87 Est @ 0.17% 8.29
2027 24.94 Est @ 0.28% 7.11
2028 25.03 Est @ 0.36% 6.10
2029 25.13 Est @ 0.41% 5.23
Present value of next 10 years cash flows €105.00
BATS-CHIXE:IVSM DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= €25.13 × (1 + 0.53%) ÷ (16.99% – 0.53%)
€153.49
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €153.49 ÷ (1 + 16.99%)10
€31.96
BATS-CHIXE:IVSM Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €105.00 + €31.96
€136.96
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €136.96 / 37.06
€3.7
BATS-CHIXE:IVSM Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in BATS-CHIXE:IVSM represents 1.26667x of BIT:IVS
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.26667x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (EUR) x Listing Adjustment Factor
= € 3.70 x 1.26667
€4.68
Value per share (EUR) From above. €4.68
Current discount Discount to share price of €8.36
= -1 x (€8.36 - €4.68) / €4.68
-78.6%

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

  • The current share price of IVS Group 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 IVS Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are IVS Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BATS-CHIXE:IVSM PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in EUR €0.50
BIT:IVS Share Price ** BIT (2020-02-24) in EUR €6.6
United Kingdom of Great Britain and Northern Ireland Online Retail Industry PE Ratio Median Figure of 8 Publicly-Listed Online Retail Companies 16.52x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 748 Publicly-Listed Companies 12.61x

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

** Primary Listing of IVS Group.

BATS-CHIXE:IVSM PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BIT:IVS Share Price ÷ EPS (both in EUR)

= 6.6 ÷ 0.50

13.21x

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

  • IVS Group is good value based on earnings compared to the GB Online Retail industry average.
  • IVS Group is overvalued based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does IVS Group's expected growth come at a high price?
Raw Data
BATS-CHIXE:IVSM PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 13.21x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
2.3%per year
United Kingdom of Great Britain and Northern Ireland Online Retail Industry PEG Ratio Median Figure of 7 Publicly-Listed Online Retail Companies 1.2x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 517 Publicly-Listed Companies 0.99x

*Line of best fit is calculated by linear regression .

BATS-CHIXE:IVSM PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 13.21x ÷ 2.3%

5.64x

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

  • IVS Group is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on IVS Group's assets?
Raw Data
BATS-CHIXE:IVSM PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in EUR €8.54
BIT:IVS Share Price * BIT (2020-02-24) in EUR €6.6
United Kingdom of Great Britain and Northern Ireland Online Retail Industry PB Ratio Median Figure of 16 Publicly-Listed Online Retail Companies 2.19x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,323 Publicly-Listed Companies 1.11x
BATS-CHIXE:IVSM PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BIT:IVS Share Price ÷ Book Value per Share (both in EUR)

= 6.6 ÷ 8.54

0.77x

* Primary Listing of IVS Group.

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

  • IVS Group is good value based on assets compared to the GB Online Retail industry average.
X
Value checks
We assess IVS Group'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 Online Retail 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 Online Retail industry average (and greater than 0)? (1 check)
  5. IVS Group 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 IVS Group expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

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
2.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is IVS Group expected to grow at an attractive rate?
  • IVS Group's earnings growth is expected to exceed the low risk savings rate of 0.5%.
Growth vs Market Checks
  • IVS Group's earnings growth is positive but not above the United Kingdom of Great Britain and Northern Ireland market average.
  • IVS Group's revenues are expected to decrease over the next 1-3 years, this is below the United Kingdom of Great Britain and Northern Ireland market average.
Annual Growth Rates Comparison
Raw Data
BATS-CHIXE:IVSM Future Growth Rates Data Sources
Data Point Source Value (per year)
BATS-CHIXE:IVSM Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 2.3%
BATS-CHIXE:IVSM Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts -1.2%
United Kingdom of Great Britain and Northern Ireland Online Retail Industry Earnings Growth Rate Market Cap Weighted Average 43.2%
United Kingdom of Great Britain and Northern Ireland Online Retail Industry Revenue Growth Rate Market Cap Weighted Average 12.8%
United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate Market Cap Weighted Average 15.5%
United Kingdom of Great Britain and Northern Ireland Market Revenue Growth Rate Market Cap Weighted Average 2.5%

*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
BATS-CHIXE:IVSM Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BATS-CHIXE:IVSM Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 430 76 18 1
2021-12-31 423 72 14 1
2020-12-31 373 59 9 1
2020-04-07
BATS-CHIXE:IVSM Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-12-31 463 67 18
2019-09-30 455 55 19
2019-06-30 448 66 21
2019-03-31 441 61 24
2018-12-31 434 49 23
2018-09-30 427 61 24
2018-06-30 421 77 25
2018-03-31 415 61 20
2017-12-31 409 61 20
2017-09-30 396 57 19
2017-06-30 386 51 16
2017-03-31 375 60 19

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • IVS Group's earnings are expected to grow by 2.3% yearly, however this is not considered high growth (20% yearly).
  • IVS Group's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
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
BATS-CHIXE:IVSM 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 1 Analyst Estimates (S&P Global) See Below

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

BATS-CHIXE:IVSM Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31 0.49 0.49 0.49 1.00
2021-12-31 0.38 0.38 0.38 1.00
2020-12-31 0.25 0.25 0.25 1.00
2020-04-07
BATS-CHIXE:IVSM Past Financials Data
Date (Data in EUR Millions) EPS *
2019-12-31 0.50
2019-09-30
2019-06-30 0.58
2019-03-31
2018-12-31 0.63
2018-09-30
2018-06-30 0.68
2018-03-31
2017-12-31 0.51
2017-09-30
2017-06-30 0.42
2017-03-31 0.49

*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.
  • IVS Group is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess IVS Group'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 United Kingdom of Great Britain and Northern Ireland market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United Kingdom of Great Britain and Northern Ireland 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.
IVS Group has a total score of 1/6, 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 IVS Group 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 IVS Group's growth in the last year to its industry (Online Retail).
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.
  • IVS Group has delivered over 20% year on year earnings growth in the past 5 years.
  • IVS Group's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • IVS Group's 1-year earnings growth is negative, it can't be compared to the GB Online Retail industry average.
Earnings and Revenue History
IVS Group'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 IVS Group Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BATS-CHIXE:IVSM Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 462.91 18.50 126.50
2019-09-30 455.45 19.45 128.97
2019-06-30 447.80 21.23 126.68
2019-03-31 441.24 24.03 124.02
2018-12-31 434.36 23.23 122.14
2018-09-30 426.98 24.11 122.20
2018-06-30 421.24 25.06 120.64
2018-03-31 415.40 20.43 119.01
2017-12-31 409.11 19.51 117.31
2017-09-30 396.14 18.93 114.12
2017-06-30 385.70 16.32 111.43
2017-03-31 375.21 18.80 108.86
2016-12-31 362.31 16.87 105.91
2016-09-30 360.19 -20.16 106.27
2016-06-30 357.42 -18.68 105.22
2016-03-31 351.82 -19.59 101.97
2015-12-31 347.71 -19.45 103.65
2015-09-30 341.96 16.03 101.32
2015-06-30 334.29 9.64 101.55
2015-03-31 328.40 7.78 101.18
2014-12-31 321.58 1.72 100.32
2014-09-30 318.76 -0.35 98.71
2014-06-30 314.96 1.94 96.70
2014-03-31 313.24 1.13 95.01
2013-12-31 312.62 5.66 94.79
2013-09-30 309.90 10.03 94.47
2013-06-30 308.75 11.37 94.53

*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.
  • IVS Group has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • IVS Group used its assets less efficiently than the GB Online Retail industry average last year based on Return on Assets.
  • IVS Group's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess IVS Group'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 Online Retail 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.
IVS Group has a total score of 1/6, 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 IVS Group'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 IVS Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • IVS Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • IVS Group's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of IVS Group'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 not covered by short term assets, assets are 0.5x 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 IVS Group Company Filings, last reported 3 months ago.

BATS-CHIXE:IVSM Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 328.57 424.07 102.08
2019-09-30 322.60 490.60 103.87
2019-06-30 319.64 424.00 132.16
2019-03-31 326.31 484.91 117.36
2018-12-31 317.13 373.71 97.06
2018-09-30 311.99 397.56 117.42
2018-06-30 307.38 372.09 116.97
2018-03-31 308.99 379.30 114.45
2017-12-31 303.09 326.45 80.53
2017-09-30 297.89 363.26 107.28
2017-06-30 290.90 350.16 99.20
2017-03-31 296.57 347.62 96.92
2016-12-31 289.93 336.49 119.71
2016-09-30 285.77 366.59 147.25
2016-06-30 282.61 373.63 155.78
2016-03-31 277.67 349.80 127.50
2015-12-31 273.67 567.79 347.99
2015-09-30 305.82 338.11 137.61
2015-06-30 298.19 342.37 145.94
2015-03-31 298.63 324.50 121.53
2014-12-31 293.07 324.30 110.00
2014-09-30 291.86 332.12 112.93
2014-06-30 300.14 322.48 111.19
2014-03-31 301.19 332.37 134.43
2013-12-31 303.78 273.91 95.84
2013-09-30 303.22 260.77 82.72
2013-06-30 303.21 258.63 92.83
  • IVS Group's level of debt (129.1%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (110.6% vs 129.1% today).
  • Debt is not well covered by operating cash flow (15.9%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 2.3x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess IVS Group'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. IVS Group has a total score of 1/6, 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 IVS Group'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%
Current annual income from IVS Group dividends. Estimated to be 3.03% next year.
If you bought €2,000 of IVS Group shares you are expected to receive €0 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?
  • Unable to evaluate IVS Group's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate IVS Group's dividend against the top 25% market benchmark as the company has not reported any payouts.
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
BATS-CHIXE:IVSM 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 1 Analyst Estimates (S&P Global) See Below
Europe Online Retail Industry Average Dividend Yield Market Cap Weighted Average of 9 Stocks 4.2%
United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield Market Cap Weighted Average of 588 Stocks 5.6%
United Kingdom of Great Britain and Northern Ireland Minimum Threshold Dividend Yield 10th Percentile 1.3%
United Kingdom of Great Britain and Northern Ireland Bottom 25% Dividend Yield 25th Percentile 2.6%
United Kingdom of Great Britain and Northern Ireland Top 25% Dividend Yield 75th Percentile 7.1%

Industry and Market average data is calculated daily.

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

BATS-CHIXE:IVSM Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2022-12-31 0.30 1.00
2021-12-31 0.30 1.00
2020-12-31 0.00 1.00
2020-04-07
BATS-CHIXE:IVSM Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2020-03-25 0.000 0.000
2020-03-24 0.000 0.000
2019-03-19 0.300 3.122
2018-05-15 0.280 2.492
2017-05-25 0.240 1.894
2017-03-22 0.240 2.084
2017-03-21 0.240 2.388
2016-11-28 0.000 0.000
2016-08-29 0.000 0.000
2016-05-25 0.000 0.000
2016-03-29 0.000 0.000
2015-05-19 0.120 1.490
2015-03-24 0.120 1.640
2014-11-26 0.120 1.736
2014-08-28 0.120 1.463
2014-05-28 0.120 1.347
2014-03-12 0.120 1.342
2013-11-26 0.125 1.674
2013-08-28 0.125 1.695
2013-05-28 0.125 1.835
2013-03-18 0.125 1.930

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

  • Unable to perform a dividend volatility check as IVS Group has not reported any payouts.
  • Unable to verify if IVS Group's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of IVS Group's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as IVS Group has not reported any payouts.
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.9x coverage).
X
Income/ dividend checks
We assess IVS Group's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.3%) - 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 IVS Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. IVS Group has a total score of 1/6, 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 IVS Group'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
Antonio Tartaro
AGE 53
CEO Bio

Mr. Antonio Tartaro serves as a Co- Chief Executive Officer and Executive Director of IVS Group S.A. and served as its Chief Financial Officer and Board Secretary.

CEO Compensation
  • Insufficient data for Antonio to compare compensation growth.
  • Insufficient data for Antonio to establish whether their remuneration is reasonable compared to companies of similar size in United Kingdom of Great Britain and Northern Ireland.
Management Team

Paolo Covre

TITLE
Executive Chairman of the Board
AGE
72

Antonio Tartaro

TITLE
Co-CEO & Executive Director
AGE
53

Massimo Paravisi

TITLE
Co-CEO & Executive Director
AGE
51

Alessandro Moro

TITLE
Chief Financial Officer

Marco Gallarati

TITLE
Investor Relator & Chairman of Coin Division
AGE
56

Adriana Cerea

TITLE
Executive Director
AGE
73
Board of Directors

Antonio Tartaro

TITLE
Co-CEO & Executive Director
AGE
53

Massimo Paravisi

TITLE
Co-CEO & Executive Director
AGE
51

Vito Gamberale

TITLE
Vice Chairman
AGE
75

Paolo Covre

TITLE
Executive Chairman of the Board
AGE
72
TENURE
2.7 yrs

Adriana Cerea

TITLE
Executive Director
AGE
73

Luigi De Puppi

TITLE
Independent Non-Executive Director
AGE
77

Monica Cerea

TITLE
Non-Executive director
AGE
44

Mariella Trapletti

TITLE
Non-Executive Director
AGE
67

Maurizio Traglio

TITLE
Non-Executive Director
AGE
64

Carlo Salvatori

TITLE
Independent Non-Executive Director
AGE
78
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 IVS Group'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. IVS Group 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

IVS Group S.A., through its subsidiaries, operates vending machines. It operates through five segments: Italy, France, Spain, Swiss, and Coin. The company, through its automated and semi-automated vending machines, and office coffee service machines sells a range of products, including hot and cold beverages, in-between meals, snacks, and confectionary products in corporate offices, institutions, and other public places. As of December 31, 2018, it managed a network of approximately 189,412 vending machines and 80 branches. The company is also involved in the provision of coin services, such as the management of metallic money comprising the collection, packaging, and delivery of coins for various customers that include banks, mass-retailers, third party vending operators, parking operators, train stations, and highway toll stations. IVS Group S.A. is headquartered in Seriate, Italy. IVS Group S.A. is a subsidiary of IVS Partecipazioni S.p.A.

Details
Name: IVS Group S.A.
IVSM
Exchange: BATS-CHIXE
Founded:
€244,574,041
37,056,673
Website: http://www.ivsgroup.it
Address: IVS Group S.A.
Via dell`Artigianato, 25,
Seriate,
Bergamo, 24068,
Italy
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BIT IVS Class A Shares Borsa Italiana IT EUR 22. Feb 2011
BATS-CHIXE IVSM Class A Shares BATS 'Chi-X Europe' GB EUR 22. Feb 2011
Number of employees
Current staff
Staff numbers
3,075
IVS Group employees.
Industry
Internet and Direct Marketing Retail
Retail
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/07 19:46
End of day share price update: 2020/02/24 00:00
Last estimates confirmation: 2020/03/31
Last earnings filing: 2020/03/25
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.