IMERYS SA (FR:NK)
:NK
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IMERYS SA
(NK)
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Rating:47Neutral
Price Target:
€21.00
▼(-8.22% Downside)
Action:ReiteratedDate:02/21/26
The score is driven primarily by weakened financial performance (deepening net losses and a sharp revenue decline in 2025), with only partial support from positive operating cash flow. Technicals remain soft with the stock trading below key moving averages, while valuation is mixed—supported by a high dividend yield but undermined by negative earnings (negative P/E).
Positive Factors
Value‑added business model
IMERYS's focus on specialty mineral formulations and engineered solutions supports higher-margin sales and recurring commercial relationships across ceramics, polymers, paints and filtration. This product mix fosters durable customer stickiness and pricing flexibility versus commoditized mineral sales.
Negative Factors
Sharp revenue decline
A third consecutive year of revenue contraction, including a severe 34.5% decline in 2025, implies loss of volume or price erosion across end markets. Persistent top‑line shrinkage undermines scale economics, pressures margins and weakens long‑term recovery prospects if demand remains muted.
Read all positive and negative factors
Positive Factors
Negative Factors
Value‑added business model
IMERYS's focus on specialty mineral formulations and engineered solutions supports higher-margin sales and recurring commercial relationships across ceramics, polymers, paints and filtration. This product mix fosters durable customer stickiness and pricing flexibility versus commoditized mineral sales.
Read all positive factors
IMERYS SA (NK) vs. iShares MSCI France ETF (EWQ)
Market Cap
€1.78B
Dividend Yield6.28%
Average Volume (3M)69.15K
Price to Earnings (P/E)―
Beta (1Y)1.20
Revenue Growth-7.71%
EPS Growth-451.19%
CountryFR
Employees12,400
SectorBasic Materials
Sector Strength58
IndustryConstruction Materials
Share Statistics
EPS (TTM)-5.68
Shares Outstanding84,940,956
10 Day Avg. Volume72,328
30 Day Avg. Volume69,149
Financial Highlights & Ratios
PEG Ratio-0.01
Price to Book (P/B)0.78
Price to Sales (P/S)0.60
P/FCF Ratio37.91
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€27.60Price Target Upside20.63% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)1.76
Revenue Forecast (FY)€3.48B
IMERYS SA Business Overview & Revenue Model
Company Description
Imerys S.A. provides mineral-based specialty solutions for various industries worldwide. The company operates in Performance Minerals and High Temperature Solutions segments. It provides additives for interior decorative paints, as well as marine ...
How the Company Makes Money
IMERYS primarily makes money by selling mineral-based products and specialty solutions to industrial customers. Revenue is generated through (1) volume-based sales of processed industrial minerals (e.g., mineral grades prepared to specification) a...
IMERYS SA Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
58
Neutral
Cash Flow
52
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 3.38B | 3.60B | 3.79B | 4.28B | 3.66B |
| Gross Profit | 223.50M | 2.41B | 2.33B | 2.81B | 2.38B |
| EBITDA | 530.70M | 339.90M | 413.50M | 582.10M | 577.00M |
| Net Income | -408.80M | -95.00M | 51.30M | 237.20M | 240.10M |
Balance Sheet | |||||
| Total Assets | 6.16B | 6.68B | 7.15B | 7.87B | 7.42B |
| Cash, Cash Equivalents and Short-Term Investments | 846.70M | 640.40M | 1.26B | 622.20M | 585.20M |
| Total Debt | 2.34B | 1.91B | 2.38B | 2.29B | 2.04B |
| Total Liabilities | 3.54B | 3.38B | 3.99B | 4.49B | 4.17B |
| Stockholders Equity | 2.60B | 3.28B | 3.12B | 3.34B | 3.19B |
Cash Flow | |||||
| Free Cash Flow | 53.40M | 109.60M | 204.20M | 45.80M | 181.60M |
| Operating Cash Flow | 369.90M | 478.10M | 602.80M | 452.00M | 542.90M |
| Investing Cash Flow | -674.00M | -373.00M | 155.50M | -322.60M | -309.60M |
| Financing Cash Flow | 165.60M | -78.80M | -930.80M | 102.60M | -341.30M |
IMERYS SA Technical Analysis
Negative
22.88
Price Trends
24.21
Negative
23.93
Negative
23.62
Negative
Market Momentum
-0.76
Negative
40.50
Neutral
63.94
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FR:NK, the sentiment is Negative. The current price of 22.88 is above the 20-day moving average (MA) of 21.70, below the 50-day MA of 24.21, and below the 200-day MA of 23.62, indicating a bearish trend. The MACD of -0.76 indicates Negative momentum. The RSI at 40.50 is Neutral, neither overbought nor oversold. The STOCH value of 63.94 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for FR:NK.
IMERYS SA Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | €5.06B | 10.37 | 21.20% | 9.68% | -15.12% | -10.10% | |
64 Neutral | €2.86B | 12.32 | 9.78% | 2.66% | -3.29% | 0.92% | |
62 Neutral | €4.47B | 62.51 | 2.27% | 7.05% | -2.71% | -57.75% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
47 Neutral | €1.78B | -4.95 | -11.01% | 6.28% | -7.71% | -451.19% | |
47 Neutral | €72.15M | -4.27 | -14.10% | ― | 76.56% | 13.26% | |
41 Neutral | €1.49B | -3.46 | -7.36% | 2.83% | -6.91% | -222.35% |
* Basic Materials Sector Average
FR:NK
IMERYS SA
20.96
-7.21
-25.60%
FR:AKE
Arkema
59.05
-8.09
-12.04%
FR:ERA
Eramet SA
52.10
5.98
12.96%
FR:VK
Vallourec
21.57
5.73
36.22%
FR:VCT
Vicat SA
64.70
15.24
30.82%
FR:ALHGR
Hoffmann Green Cement Technologies SA
4.41
-0.41
-8.53%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.