IMCD IMCD.AS
IMCD is a global distributor of specialty chemicals and ingredients, acting as an intermediary between manufacturers and end customers, offering value-added services such as formulation, logistics and technical support. IMCD shows moderate financial health (5.33) with high debt (ND/EBITDA 3.02) but acceptable business quality (ROIC 11.08%) and reasonable valuation (PER 24.59, FCF yield 4.73%). Revenue growth of 6.6% and positive momentum (8.33% over 12 months) suggest stability, although leverage and the high-rate environment are the main risks.
Detailed metrics
Market and fundamental data as of the analysis date.
Full AI report
Generated automatically from the metrics, the macro context and the company's news.
IMCD is a global distributor of specialty chemicals and ingredients, acting as an intermediary between manufacturers and end customers, offering value-added services such as formulation, logistics and technical support. IMCD shows moderate financial health (5.33) with high debt (ND/EBITDA 3.02) but acceptable business quality (ROIC 11.08%) and reasonable valuation (PER 24.59, FCF yield 4.73%). Revenue growth of 6.6% and positive momentum (8.33% over 12 months) suggest stability, although leverage and the high-rate environment are the main risks.
Score by category
| Category | Score |
|---|---|
| Financial health | 5.0 |
| Quality / Moat | 5.1 |
| Valuation | 5.8 |
| Growth | 6.1 |
| Dividend | 6.7 |
| Momentum | 4.4 |
| Risk & Context | 6.2 |
OVERALL SCORE: 5.6/10
Context and risks
The oil rally and 10-year yield at 5.17% increase financing costs for the chemical supply chain, but IMCD is a distributor with stable margins and low direct interest rate risk. Geopolitical exposure is limited; the main risk is the European industrial slowdown affecting demand for specialty chemicals.
News considered in the analysis
- IMCD NV (IMCDY) (H1 2026) Earnings Call Highlights: Strong Cash Flow and EMEA Growth Offset by ... — Resultados semestrales con flujo de caja fuerte y crecimiento en EMEA, aunque con cierta debilidad en otras regiones; refuerza la tesis de calidad operativa.
- Favourable Signals For IMCD: Numerous Insiders Acquired Stock — Las compras de consejeros y directivos son una señal positiva de confianza interna en el valor.
- Is IMCD (ENXTAM:IMCD) Pricing Reflect Its Sharp 1-Year Share Price Slide? — Artículo especulativo sobre la valoración tras la caída de la acción; sin información nueva concreta.
- IMCD NV (IMCDY) Full Year 2025 Earnings Call Highlights: Strategic Acquisitions and Cash Flow ... — La estrategia de adquisiciones y la generación de caja son positivas para el crecimiento a largo plazo.
- IMCD's (AMS:IMCD) earnings trajectory could turn positive as the stock climbs 8.8% this past week — Comentario sobre la evolución reciente del precio; sin impacto fundamental nuevo.
Verdict: Hold; business quality and moderate growth offset leverage, but rising rates limit upside potential.
Main risk: High leverage (ND/EBITDA 3.02) in a rising-rate environment (ECB hiking) could compress financial margins and limit investment capacity.
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