IME
CyclicalsValuation Breakdown
Cyclical companies (chemicals, oil & gas, basic resources) have earnings that swing dramatically with commodity prices and economic cycles. Valuing them on a single year's earnings is misleading: they look cheap at peaks and expensive at troughs. This model uses 7-year median EBITDA ("mid-cycle" earnings) and a 7-year median EV/EBITDA multiple to estimate what the firm is worth at a normal point in the cycle.
Valuation Track Record
Retroactive intrinsic value vs actual close price — IME
Earnings Quality
Fiscal year 2024
Financial Forensics
Beneish M-Score · 2020
The Beneish M-Score of -1.9291 indicates a potential risk of earnings manipulation, as it exceeds the threshold of -1.78. Additionally, the Earnings Quality Score of 23.9/100 highlights significant weaknesses in cash conversion and revenue recognition, raising concerns about the reliability of reported earnings.
- Beneish M-Score of -1.9291 exceeds the manipulation threshold of -1.78, indicating potential earnings manipulation.
- Earnings Quality Score of 23.9/100 suggests severe issues with cash conversion and revenue recognition, with scores of 0.0/100 in eq_cash_conv, eq_receivables, eq_margin, and eq_revenue.
- The DSRI of 1.3820 indicates that inventory growth is relatively controlled compared to sales, which can be a positive sign in managing operational efficiency.
The ownership structure is concentrated, with the top three shareholders holding 66.4% of the shares, which may lead to governance risks and potential conflicts of interest, especially with significant individual ownership.
Investors should exercise caution and conduct further due diligence, particularly focusing on cash flow and revenue recognition practices before considering any investment in IME.
Generated by AI based on quantitative data. Not financial advice.
Quantitative Scores
Key Ratios
Company Overview
// OWNERSHIP_NETWORK
> mapping common ownership for IME — hover nodes for intel, click to navigate