Implenia AG (IMPN) AI Stock Analysis

• Market Cap: $1.11B
• Dividend Yield: 1.32%
• Average Volume (3M): 36.95K
• Price to Earnings (P/E): 11.2
• Beta (1Y): 0.60
• Revenue Growth: 1.87%
• EPS Growth: -26.72%
• Country: CH
• Employees: 9,046
• Sector: Industrials
• Sector Strength: 72
• Industry: Engineering & Construction
• EPS (TTM): 1.80
• Shares Outstanding: 18,472,000
• 10 Day Avg. Volume: 34,539
• 30 Day Avg. Volume: 36,949
• PEG Ratio: -0.18
• Price to Book (P/B): 0.86
• Price to Sales (P/S): 0.16
• P/FCF Ratio: -14.99
• Enterprise Value/Market Cap: 1.36
• Enterprise Value/Revenue: 0.41
• Enterprise Value/Gross Profit: 1.49
• Enterprise Value/Ebitda: 6.36
• 1Y Price Target: $73.83
• Price Target Upside: 8.26% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1
• EPS Forecast (FY): 4.13
• Revenue Forecast (FY): $2.95B

• Rating: 72 Outperform
• Price Target: CHF72.00 ▲(5.57% Upside)

Implenia AG's overall stock score reflects a stable financial position with a strong balance sheet and reasonable valuation. The technical indicators suggest a neutral trend with potential for improvement. The absence of significant earnings call data or corporate events means these factors do not influence the score. The company's financial performance is the most significant factor, highlighting areas for growth and efficiency improvements.

Positive Factors

Strong Balance Sheet

Implenia AG's zero debt position reduces financial risk and enhances stability, allowing for greater flexibility in capital allocation and investment in growth opportunities.

Sustainability and Innovation Focus

Implenia's emphasis on sustainable practices and innovation positions it well in the evolving construction industry, potentially leading to cost savings and competitive advantages.

Strategic Partnerships

These partnerships help secure long-term contracts, providing a steady revenue stream and enhancing Implenia's market position in the construction sector.

Negative Factors

Declining Revenue Growth

Flat revenue growth indicates challenges in expanding market share or increasing sales, which could impact long-term profitability and competitiveness.

Cash Flow Challenges

Negative free cash flow suggests difficulties in generating sufficient cash from operations, potentially limiting the company's ability to invest in growth or weather economic downturns.

Decreased Profit Margins

Reduced profit margins reflect challenges in maintaining cost efficiency and profitability, which could affect long-term financial health and shareholder returns.

Implenia AG Business Overview & Revenue Model

Company Description

Implenia AG operates as a construction and real estate services company primarily in Switzerland, Germany, Austria, Norway, Sweden, France, and internationally. It operates through four divisions: Real Estate, Buildings, Civil Engineering, and Specialties. The company is involved in road building; tunneling; excavations, retaining structures, deep foundations, and noise barriers; civil engineering; infrastructure maintenance; and structural engineering activities. It also provides real estate services comprising real estate development and management, real estate investment, building construction, project management, pollutant cleanup, general and total contracting, building technology, real estate consulting, general planning, and home ownership. In addition, the company offers special construction services, including planning and construction of post-tensioning and geotechnical systems, construction logistics, timber construction, machinery and electrical, and material engineering services. Implenia AG was founded in 2006 and is headquartered in Dietlikon, Switzerland.

How the Company Makes Money

Implenia AG generates revenue primarily through its construction and civil engineering projects, which include large-scale infrastructure developments, residential buildings, and commercial facilities. The company earns money by bidding for and executing contracts, which often involve complex project management and coordination of various subcontractors. Key revenue streams include public and private sector contracts, maintenance and renovation projects, and specialized engineering services. Additionally, Implenia benefits from strategic partnerships with municipalities, governments, and private developers, which help secure long-term contracts and projects. The company also invests in innovative construction technologies and sustainable practices, which can lead to cost savings and improved project margins.

Implenia AG Financial Statement Overview

Summary

Implenia AG demonstrates a solid financial footing with a strong balance sheet characterized by zero debt, indicating low leverage and reduced financial risk. While the income statement shows effective cost management, the decline in revenue and net profit margins highlight challenges in maintaining growth and profitability. Cash flow issues persist, although there is potential for improvement. Overall, the company's financial health is stable with areas for growth and efficiency improvements.

Income Statement

Implenia AG's income statement shows a solid gross profit margin of 43.71% for 2024, indicating effective cost management. However, the revenue growth has been flat with a slight decrease of 1.03% from 2023. The net profit margin for 2024 stands at 2.59%, lower than the previous year, reflecting challenges in maintaining profitability. The EBIT margin dropped to 0%, raising concerns about operational efficiency.

Balance Sheet

The balance sheet is strong with zero total debt in 2024, highlighting a significant reduction in leverage and potential risk. The equity ratio improved to 21.05%, indicating a healthier financial structure. Return on Equity decreased to 14.16%, which is still a solid figure but reflects reduced profitability. Overall, the balance sheet shows stability and improved financial health.

Cash Flow

The cash flow statement indicates challenges with negative free cash flow of -37.54 million in 2024, despite improved operating cash flow. The free cash flow to net income ratio is negative, indicating cash flow generation issues. However, the increase in operating cash flow to 43.16 million suggests potential improvement in cash flow management.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	3.67B	3.56B	3.60B	3.54B	3.76B	3.99B
Gross Profit	1.01B	1.56B	1.47B	356.70M	1.51B	1.27B
EBITDA	238.37M	243.89M	209.30M	202.22M	198.58M	-54.04M
Net Income	99.17M	92.36M	140.96M	104.75M	61.16M	-134.70M
Balance Sheet
Total Assets	3.28B	3.10B	2.91B	2.75B	2.99B	2.94B
Cash, Cash Equivalents and Short-Term Investments	447.26M	402.00M	478.81M	609.04M	796.89M	719.99M
Total Debt	938.79M	675.15M	635.42M	645.95M	880.25M	732.84M
Total Liabilities	2.62B	2.44B	2.33B	2.27B	2.64B	2.64B
Stockholders Equity	657.35M	652.32M	568.29M	476.20M	333.96M	278.74M
Cash Flow
Free Cash Flow	11.93M	-37.54M	-90.14M	89.41M	-116.34M	-222.42M
Operating Cash Flow	76.93M	43.16M	-30.37M	128.13M	-69.25M	-161.53M
Investing Cash Flow	-68.67M	-96.71M	17.71M	170.87M	-123.25M	-31.81M
Financing Cash Flow	50.26M	-23.91M	-99.08M	-294.33M	107.42M	4.16M

Implenia AG Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 68.20
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CH:IMPN, the sentiment is Positive. The current price of 68.2 is above the 20-day moving average (MA) of 63.96, above the 50-day MA of 64.90, and above the 200-day MA of 54.61, indicating a bullish trend. The MACD of 1.18 indicates Negative momentum. The RSI at 65.27 is Neutral, neither overbought nor oversold. The STOCH value of 90.08 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for CH:IMPN.

Implenia AG Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IMPN	72 Outperform	$1.11B	11.16	15.36%	1.32%	1.87%	-26.72%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
INRN	59 Neutral	CHF1.98B	33.34	―	1.38%	-3.67%	-12.95%
SRAIL	57 Neutral	CHF1.93B	61.07	―	1.02%	-6.87%	-74.29%
STGN	54 Neutral	CHF167.98M	-44.74	―	3.42%	-1.46%	-115.85%
RIEN	45 Neutral	CHF416.80M	-10.71	―	7.25%	-28.40%	-117.97%

Implenia AG Corporate Events

Implenia Strengthens Financial Structure with CHF 180 Million Bond Issuance

Implenia has successfully issued a CHF 180 million bond on the Swiss capital market, with a 5-year term and a 2.05% interest rate, to refinance existing debts and strengthen its financing structure. The bond issuance, which will be listed on the SIX Swiss Exchange, is expected to enhance Implenia’s financial stability and extend its maturity profile, potentially benefiting stakeholders by ensuring continued operational strength and market positioning.