IMERYS SA (FR:NK)
:NK
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IMERYS SA
(NK)
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Rating:46Neutral
Price Target:
€22.00
▼(-3.85% Downside)
Action:Reiterated
Date:04/09/26
The score is held down primarily by deteriorating financial performance—contracting revenue and a deepening net loss—alongside reduced free cash flow and higher leverage. Technicals also remain bearish with negative momentum and price below key moving averages. The high dividend yield is a partial offset, but a negative P/E reflects loss-making fundamentals.
Positive Factors
Positive operating cash flow
Sustained positive operating cash flow (~€370m in 2025) provides a durable liquidity buffer that supports working capital, funds essential capital spending, and reduces short-term refinancing pressure. This cash generation helps the company navigate cyclical end markets while it repairs profitability.
Negative Factors
Multi-year revenue decline
Three consecutive years of declining revenue and a 34.5% collapse in 2025 indicate structural demand weakness or loss of volume/market share. Eroding top-line scale undermines fixed-cost absorption, squeezes margins long-term, and reduces pricing leverage across end markets.
Read all positive and negative factors
Positive Factors
Negative Factors
Positive operating cash flow
Sustained positive operating cash flow (~€370m in 2025) provides a durable liquidity buffer that supports working capital, funds essential capital spending, and reduces short-term refinancing pressure. This cash generation helps the company navigate cyclical end markets while it repairs profitability.
Read all positive factors
IMERYS SA (NK) vs. iShares MSCI France ETF (EWQ)
Market Cap
€1.87B
Dividend Yield6.28%
Average Volume (3M)69.15K
Price to Earnings (P/E)―
Beta (1Y)1.24
Revenue Growth-6.14%
EPS Growth-329.02%
CountryFR
Employees12,400
SectorBasic Materials
Sector Strength58
IndustryConstruction Materials
Share Statistics
EPS (TTM)-4.84
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
€25.70Price Target Upside12.33% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)1.61
Revenue Forecast (FY)€3.41B
IMERYS SA Business Overview & Revenue Model
Company Description
Imerys S.A., established in 1880 and based in Paris, France, is a global provider of specialized mineral-based solutions for a diverse range of industries. The company operates through two core segments: Performance Minerals and High Temperature S...
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 | 1.33B | 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 | 629.20M | 452.00M | 542.90M |
| Investing Cash Flow | -674.00M | 297.00M | 155.50M | -322.60M | -309.60M |
| Financing Cash Flow | 165.60M | -748.80M | -930.80M | 102.60M | -341.30M |
IMERYS SA Technical Analysis
Neutral
22.88
Price Trends
21.38
Positive
22.56
Negative
22.18
Negative
Market Momentum
0.23
Negative
52.86
Neutral
28.90
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FR:NK, the sentiment is Neutral. The current price of 22.88 is above the 20-day moving average (MA) of 21.87, above the 50-day MA of 21.38, and above the 200-day MA of 22.18, indicating a neutral trend. The MACD of 0.23 indicates Negative momentum. The RSI at 52.86 is Neutral, neither overbought nor oversold. The STOCH value of 28.90 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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 |
|---|---|---|---|---|---|---|---|
64 Neutral | €1.60B | 12.07 | 11.12% | 1.90% | -2.88% | 24.77% | |
64 Neutral | €2.66B | 9.76 | 9.78% | 2.66% | -0.76% | 0.55% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
61 Neutral | €1.05B | 83.33 | 6.02% | 3.94% | -4.60% | -75.90% | |
53 Neutral | €486.08M | 49.85 | 1.38% | 0.99% | -6.60% | 80.63% | |
46 Neutral | €1.87B | -4.57 | -11.01% | 6.28% | -6.14% | -329.02% | |
41 Neutral | €1.47B | -3.09 | -7.36% | 2.83% | -6.14% | -3534.36% |
* Basic Materials Sector Average
FR:NK
IMERYS SA
22.10
-6.09
-21.60%
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4.38%
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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.