IMCD Group NV

IMCD Group is a specialty chemicals group based in the Netherlands. Co. is engaged in the sale, marketing and distribution of specialty chemicals and food ingredients globally. Co.'s business groups are Detergents, Pharma, Personal Care, Coatings, Food & Nutrition, Lubricants, Synthesis, Plastics and others. Co.'s product offering includes additives, antioxidants, extracts, preservatives, acids, lubricants, oils, softeners, wax, components for oral, topical and vaccine drug formulations, fragrances, pigments, solvents, resins, flavors, herbs and spices, surface active agents, and fillers, among others. Co. maintains offices and warehouses in Europe, Asia Pacific, Africa, the USA and Brazil.
  • TickerINX
  • ISINNL0010801007
  • ExchangeStuttgart Stock Exchange
  • SectorChemicals
  • CountryGermany

IMCD GROUP reduced its risk exposure resulting in an upgrade to Slightly Positive

IMCD GROUP (NL), a company active in the Speciality Chemicals industry, reduced its market risk and raised its general evaluation. The independent financial analyst theScreener awarded an improved star rating to the company, which now shows 2 out of 4 possible stars; its market behaviour has improved and can be considered as defensive. theScreener believes that this new assessment merits an overall rating upgrade to Slightly Positive. As of the analysis date September 18, 2020, the closing price was EUR 104.85 and its potential was estimated at EUR 110.09.

ING
ING Helpdesk

Benelux Morning Notes

Bekaert: August tyre volumes indicate slow and uneven recovery. Dutch banks: Conference call with the Dutch Central Bank. IMCD: A large acquisition and an ABB giving leeway for more. SBM Offshore: Picked by Petrobras for a large F4W

ING
ING Helpdesk

Benelux Morning Notes

Deceuninck: Resilient profitability in troubled times. IMCD: 2Q a quarter with almost invisible Covid-19. Kendrion: Strong cost control and balance sheet fear cut. Van Lanschot Kempen: Bolt-on M&A transaction

Dave Nicoski ...
  • Ross LaDuke

Vermilion Int'l Compass: Global Equity Strategy

US Dollar Breakdown Bullish For Risk Sentiment Global indexes including the MSCI ACWI and ACWI ex-US are following in the MSCI EM index's footsteps by breaking to new highs. This is bullish and signals a new leg higher is underway. Additionally, the US dollar is showing signs of a breakdown, something we view as a positive for global risk sentiment as long as the decline continues to be orderly. Overall our outlook remains bullish and we suggest buying any dips. · US Dollar (DXY) Breaking Below 96. As we stated after the DXY broke below 98.50, the door remains open for non-US equiti...

Dave Nicoski ...
  • Ross LaDuke

Vermilion Int'l Compass: Global Equity Strategy

Bottoms-up view on developed int'l, part two Big Picture: Our outlook remains neutral on the MSCI ACWI ex-U.S. index (when priced in local currency) while horizontal consolidation continues. On the other hand, we are negative on broad global ex-U.S. markets when priced in USD... see charts below. In today's report we take a bottoms-up approach to developed ex-U.S. equities, highlighting stocks that present attractive buy opportunities at current levels. Specifically we present actionable stocks within the Communications, Health Care, Manufacturing, Materials, Technology, Transportation, and U...

ING
ING Helpdesk

Benelux Morning Notes

Bekaert: August tyre volumes indicate slow and uneven recovery. Dutch banks: Conference call with the Dutch Central Bank. IMCD: A large acquisition and an ABB giving leeway for more. SBM Offshore: Picked by Petrobras for a large F4W

ING
ING Helpdesk

Benelux Morning Notes

Deceuninck: Resilient profitability in troubled times. IMCD: 2Q a quarter with almost invisible Covid-19. Kendrion: Strong cost control and balance sheet fear cut. Van Lanschot Kempen: Bolt-on M&A transaction

Dave Nicoski ...
  • Ross LaDuke

Vermilion Int'l Compass: Global Equity Strategy

US Dollar Breakdown Bullish For Risk Sentiment Global indexes including the MSCI ACWI and ACWI ex-US are following in the MSCI EM index's footsteps by breaking to new highs. This is bullish and signals a new leg higher is underway. Additionally, the US dollar is showing signs of a breakdown, something we view as a positive for global risk sentiment as long as the decline continues to be orderly. Overall our outlook remains bullish and we suggest buying any dips. · US Dollar (DXY) Breaking Below 96. As we stated after the DXY broke below 98.50, the door remains open for non-US equiti...

ING
ING Helpdesk

Benelux Morning Notes

ArcelorMittal: Reported to be exploring sale of Canadian infra assets. GrandVision: Arranged additional funding and covenant holiday. IMCD: Consistent Covid-19 story

ING
Quirijn Mulder ...
  • Tijs Hollestelle

IMCD/Limited Covid-19 effect discounted already/HOLD

We have adjusted our estimates for the expected mid-year downturn caused by Covid-19. Based on the newsflow from the Covid-19 front and the company, we believe IMCD will come out of the downturn relatively unscathed with almost unchanged earnings YoY. However, the valuation remains demanding at EV/EBITDA levels more than 82% on average compared to its peers and a fully valued DCF. Based on this stretched valuation we do not see a lot of upside and keep our HOLD rating but raise our TP to €77.7 from €67.8 previously.

IMCD GROUP reduced its risk exposure resulting in an upgrade to Slightly Positive

IMCD GROUP (NL), a company active in the Speciality Chemicals industry, reduced its market risk and raised its general evaluation. The independent financial analyst theScreener awarded an improved star rating to the company, which now shows 2 out of 4 possible stars; its market behaviour has improved and can be considered as defensive. theScreener believes that this new assessment merits an overall rating upgrade to Slightly Positive. As of the analysis date September 18, 2020, the closing price was EUR 104.85 and its potential was estimated at EUR 110.09.

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the we...

Expert Corporate Governance Service (ECGS)

IMCD - AGM 30 June 2020

In general, IMCD is in compliance with the Dutch regulations relating to the organisation and procedures of the Annual General Meeting.Under ITEM 7 authorisation is sought to repurchase own shares. Requested authorisation is limited to 10% of the Company¶s share capital at a price that may not deviate more than 10% from the most recently quoted market price. The authorisation will remain in effect until December 31, 2021 and as such would meet ECGS'guidelines. That having been said, ECGS notes that IMCD uses ³per share´performance metrics (under its LTI) and does not state whether the impact o...

Expert Corporate Governance Service (ECGS)

IMCD - AGM 08 May 2019

In general, IMCD is in compliance with the Dutch regulations relating to the organisation and procedures of the Annual General Meeting. Under ITEM 5b, the executive board, subject to the approval of the supervisory board, seeks authorisation to be the designated body entitled to restrict and/or exclude pre-emptive rights upon issuing ordinary shares. In aggregate, the authorisation requested is limited to 20% of the Company's share capital and thereby exceeds ECGS' guidelines. Accordingly, ECGS recommends to vote OPPOSE. There are no further peculiarities.

ResearchPool Subscriptions

Get the most out of your insights

Get in touch