IMC S.A. (IMC) AI Stock Analysis

• Market Cap: zł1.08B
• Dividend Yield: 16.36%
• Average Volume (3M): 4.86K
• Price to Earnings (P/E): 3.5
• Beta (1Y): 0.61
• Revenue Growth: 3.92%
• EPS Growth: N/A
• Country: PL
• Employees: 1,737
• Sector: Consumer Defensive
• Sector Strength: 42
• Industry: Agricultural Farm Products
• EPS (TTM): 1.66
• Shares Outstanding: 35,500,465
• 10 Day Avg. Volume: 6,286
• 30 Day Avg. Volume: 4,863
• PEG Ratio: >-0.01
• Price to Book (P/B): 0.76
• Price to Sales (P/S): 0.65
• P/FCF Ratio: 2.03
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 72 Outperform
• Price Target: zł29.00 ▲(6.62% Upside)
• Action: N/A Date: 09/14/25
• Date: Action: N/A 09/14/25

IMC S.A. achieves a score of 72, driven primarily by strong financial performance with high profitability and equity returns, alongside an attractive valuation (low P/E ratio of 2.9 and high Dividend Yield of 10.1%). However, concerns over declining revenue and cash flow growth, combined with limited technical data, moderate the overall outlook.

IMC S.A. Business Overview & Revenue Model

Company Description

IMC S.A., together with its subsidiaries, operates as an integrated agricultural company in Ukraine and internationally. The company operates through three segments: Crop Farming; Dairy Farming; and Elevators and Warehouses. It cultivates corns, sunflowers, wheat, soybeans, potatoes, and oilseeds. The company also engages in the production of milk and bakery products; agricultural and farming production; granting of PPE into finance lease; and trading business, as well as operates grain elevator. In addition, it provides storage facilities. The company was formerly known as Industrial Milk Company S.A. and changed its name to IMC S.A. in May 2017. IMC S.A. was founded in 1998 and is based in Luxembourg, Luxembourg. IMC S.A. is a subsidiary of Agrovalley Limited.

How the Company Makes Money

IMC generates revenue primarily through the trading of agricultural commodities and fertilizers. The company profits by buying these products at lower prices and selling them at higher market rates, capitalizing on price fluctuations and demand in various regions. Additionally, IMC earns income through logistics services, including storage and transportation of commodities, which are charged as fees to clients. Significant partnerships with agricultural producers, suppliers, and logistics providers enhance IMC's operational efficiency and expand its market reach, contributing to its overall earnings. The company may also engage in risk management and hedging strategies to protect its margins and optimize profitability.

IMC S.A. Financial Statement Overview

Summary

IMC S.A. exhibits strong profitability with high margins (Gross Profit Margin 66.4%, Net Profit Margin 45.4%) and a solid Return on Equity (44.8%). However, declining revenue growth (-7.9%) and slowing cash flow growth (-3.2%) temper the outlook, alongside moderate leverage concerns (Debt-to-Equity 0.67).

Income Statement

IMC S.A. shows strong profitability in the TTM (Trailing-Twelve-Months) data with a Gross Profit Margin of 66.4% and a Net Profit Margin of 45.4%, indicating efficient cost management and robust earnings. EBIT and EBITDA Margins are also impressive at 50.8% and 61.0%, respectively. However, a Revenue Growth Rate decline of 7.9% signals potential challenges in top-line expansion, slightly tempering the outlook.

Balance Sheet

The Balance Sheet reflects a stable position with a Debt-to-Equity Ratio of 0.67 in the TTM (Trailing-Twelve-Months) data, suggesting moderate leverage. Return on Equity is strong at 44.8%, showcasing effective use of shareholder capital. The Equity Ratio of 58.6% indicates a solid asset base funded by equity. However, rising debt levels over recent years pose a potential risk if not managed carefully.

Cash Flow

Cash Flow metrics for IMC S.A. are decent, with a Free Cash Flow to Net Income Ratio of 0.75 in the TTM (Trailing-Twelve-Months) data, reflecting good conversion of profits to cash. Operating Cash Flow to Net Income Ratio is strong at 0.96, indicating healthy cash generation. However, a Free Cash Flow Growth Rate decline of 3.2% highlights a slight slowdown in cash flow momentum, warranting caution.

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Dec 2021	Dec 2020
Income Statement
Total Revenue	189.14M	211.29M	139.45M	114.03M	181.69M	161.39M
Gross Profit	114.11M	109.09M	21.98M	52.50M	110.98M	79.24M
EBITDA	104.98M	83.03M	3.20M	26.61M	112.88M	62.44M
Net Income	75.18M	54.89M	-20.82M	-1.12M	79.51M	31.79M
Balance Sheet
Total Assets	384.97M	322.32M	312.20M	326.50M	413.90M	280.09M
Cash, Cash Equivalents and Short-Term Investments	27.94M	44.83M	16.44M	25.17M	29.32M	18.29M
Total Debt	143.02M	128.12M	157.85M	163.63M	203.75M	132.39M
Total Liabilities	157.76M	140.92M	170.51M	176.18M	222.98M	141.66M
Stockholders Equity	228.52M	182.44M	142.47M	150.91M	191.52M	138.24M
Cash Flow
Free Cash Flow	103.51M	67.97M	-63.00K	9.82M	60.26M	52.80M
Operating Cash Flow	122.50M	91.57M	17.07M	14.79M	67.08M	59.96M
Investing Cash Flow	-16.86M	-22.50M	-16.56M	-4.47M	-6.16M	-5.74M
Financing Cash Flow	-62.30M	-37.41M	-8.65M	-8.01M	-50.32M	-37.77M

IMC S.A. Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 27.20
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For PL:IMC, the sentiment is Neutral. The current price of 27.2 is below the 20-day moving average (MA) of 30.59, below the 50-day MA of 30.79, and above the 200-day MA of 26.93, indicating a neutral trend. The MACD of 0.14 indicates Negative momentum. The RSI at 48.86 is Neutral, neither overbought nor oversold. The STOCH value of 60.42 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for PL:IMC.

IMC S.A. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IMC	72 Outperform	zł1.08B	3.51	37.48%	16.36%	3.92%	―
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%
APT	62 Neutral	zł651.68M	8.52	11.42%	4.04%	-3.70%	43.64%
BRS	57 Neutral	zł999.35M	18.29	7.72%	5.70%	-2.15%	58.77%
WLT	41 Neutral	zł409.89M	-4.39	-41.08%	―	-30.16%	-334.17%