A Business at a Glance
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IRCE operates in the Electrical Equipment & Parts industry, Industrials sector. Full business description from SEC filing not yet available.
| Metric | TTM | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Revenue | 430M | 430M | 437M | 479M | 539M | 339M |
| Net Income | 7.5M | 7.5M | 8.9M | 9.7M | 11M | 3.2M |
| EPS | $0.28 | $0.28 | $0.34 | $0.37 | $0.42 | $0.12 |
| Free Cash Flow | -19M | -19M | 40M | 4.3M | -28M | 3.3M |
| ROIC | 5.7% | 6.7% | 7.1% | 5.6% | 8.1% | 1.8% |
| Gross Margin | - | - | - | - | - | - |
| Debt/Equity | 0.00 | 0.25 | 0.09 | 0.14 | 0.14 | 0.17 |
| Dividends/Share | $0.06 | $0.06 | $0.07 | $0.05 | $0.04 | - |
| Operating Income | 16M | 16M | 16M | 12M | 17M | 3.7M |
| Operating Margin | 3.6% | 3.6% | 3.6% | 2.5% | 3.1% | 1.1% |
| ROE | 4.6% | 4.5% | 5.6% | 6.3% | 7.5% | 2.3% |
| Shares Outstanding | 26M | 26M | 27M | 26M | 27M | 27M |
| Metric | 2020 | 2021 | 2022 | 2023 | 2024 | TTM |
|---|---|---|---|---|---|---|
| Income Statement | ||||||
| Revenue | 339M | 539M | 479M | 437M | 430M | 430M |
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | N/A | N/A | N/A | N/A | N/A | N/A |
| EBIT | 3.7M | 17M | 12M | 16M | 16M | 16M |
| Op. Margin | 1.1% | 3.1% | 2.5% | 3.6% | 3.6% | 3.6% |
| Net Income | 3.2M | 11M | 9.7M | 8.9M | 7.5M | 7.5M |
| Net Margin | 0.9% | 2.1% | 2.0% | 2.0% | 1.7% | 1.7% |
| Non-Recurring | 0 | 0 | 0 | 0 | 0 | 0 |
| Returns on Capital | ||||||
| ROIC | 1.8% | 8.1% | 5.6% | 7.1% | 6.7% | 5.7% |
| ROE | 2.3% | 7.5% | 6.3% | 5.6% | 4.5% | 4.6% |
| ROA | 1.3% | 4.1% | 3.4% | 3.4% | 2.7% | 2.7% |
| Cash Flow | ||||||
| Op. Cash Flow | 5.7M | -19M | 19M | 55M | 17M | 17M |
| Free Cash Flow | 3.3M | -28M | 4.3M | 40M | -19M | -19M |
| Owner Earnings | -2.4M | -28M | 11M | 48M | 9.5M | 9.5M |
| CapEx | 2.4M | 9.1M | 14M | 15M | 36M | 36M |
| Maint. CapEx | 8.2M | 9.0M | 7.6M | 7.5M | 7.4M | 7.4M |
| Growth CapEx | 0 | 90K | 6.7M | 7.7M | 28M | 28M |
| D&A | 8.2M | 9.0M | 7.6M | 7.5M | 7.4M | 7.4M |
| CapEx/OCF | 42.8% | N/A | 77.1% | 27.5% | 211.5% | 211.5% |
| Capital Allocation | ||||||
| Dividends Paid | 0 | 940K | 1.4M | 1.7M | 1.7M | 1.7M |
| Dividend Yield | N/A | 1.2% | 2.0% | 2.7% | 2.9% | 3.2% |
| Share Buybacks | 16K | 127K | 3K | 89K | 106K | 106K |
| Buyback Yield | 0.0% | 0.1% | 0.0% | 0.2% | 0.2% | 0.2% |
| Stock-Based Comp | N/A | N/A | N/A | N/A | N/A | N/A |
| Debt Repayment | 4.0M | 10M | 11M | 6.7M | 6.2M | 6.2M |
| Balance Sheet | ||||||
| Net Debt | 13M | 8.5M | 15M | -546K | 26M | -15M |
| Cash & Equiv. | 12M | 13M | 5.9M | 15M | 15M | 15M |
| Long-Term Debt | 24M | 21M | 21M | 15M | 41M | 41M |
| Debt/Equity | 0.17 | 0.14 | 0.14 | 0.09 | 0.25 | 0.00 |
| Interest Coverage | N/A | N/A | N/A | N/A | N/A | N/A |
| Equity | 141M | 156M | 152M | 167M | 163M | 163M |
| Total Assets | 240M | 302M | 264M | 265M | 278M | 278M |
| Total Liabilities | 100M | 147M | 112M | 98M | 115M | 115M |
| Intangibles | N/A | N/A | N/A | N/A | N/A | N/A |
| Retained Earnings | N/A | N/A | N/A | N/A | N/A | N/A |
| Working Capital | 120M | 128M | 118M | 118M | 113M | 113M |
| Current Assets | 189M | 248M | 204M | 196M | 182M | 182M |
| Current Liabilities | 69M | 120M | 86M | 78M | 69M | 69M |
| Per Share Data | ||||||
| EPS | 0.12 | 0.42 | 0.37 | 0.34 | 0.28 | 0.28 |
| Owner EPS | -0.09 | -1.04 | 0.42 | 1.80 | 0.36 | 0.36 |
| Book Value | 5.25 | 5.86 | 5.76 | 6.29 | 6.17 | 6.17 |
| Cash Flow/Share | 0.21 | -0.70 | 0.70 | 2.09 | 0.64 | 0.56 |
| Dividends/Share | N/A | 0.04 | 0.05 | 0.07 | 0.06 | 0.06 |
| Shares Out. | 26.8M | 26.6M | 26.4M | 26.5M | 26.4M | 26.4M |
| Valuation | ||||||
| P/E Ratio | 18.4 | 8.2 | 5.9 | 6.5 | 7.4 | 7.3 |
| P/FCF | 17.9 | N/A | 13.5 | 1.4 | N/A | N/A |
| EV/EBIT | 19.4 | 5.8 | 6.0 | 3.7 | 5.2 | 2.5 |
| Price/Book | 0.4 | 0.6 | 0.4 | 0.3 | 0.3 | 0.3 |
| Price/Sales | 0.2 | 0.2 | 0.1 | 0.1 | 0.1 | 0.1 |
| FCF Yield | 5.6% | -30.5% | 7.4% | 69.5% | -34.2% | -34.6% |
| Market Cap | 58M | 91M | 58M | 58M | 55M | 54M |
| Avg. Price | 1.79 | 3.07 | 2.58 | 2.41 | 2.23 | 2.06 |
| Year-End Price | 2.18 | 3.41 | 2.18 | 2.18 | 2.08 | 2.06 |
IRCE passes 4 of 9 quality checks, suggesting mixed fundamentals.
IRCE trades at 7.3x trailing earnings, compared to its 15-year median P/E of 7.4x, suggesting it is currently Fair relative to its historical range. The company's 5-year average ROIC is 5.9%. Total shareholder yield (dividends + buybacks) is 3.3%. At current prices, the estimated annualized return to fair value is +45.4%.
IRCE (IRC-MI) has a current P/E ratio of 7.3, compared to its historical median P/E of 7.4. The stock is currently considered Fair based on its historical valuation range.
IRCE (IRC-MI) has a 5-year average return on invested capital (ROIC) of 5.9%. This is below average and may indicate limited pricing power.
IRCE (IRC-MI) has a market capitalization of $54M. It is classified as a small-cap stock.
Yes, IRCE (IRC-MI) pays a dividend with a trailing twelve-month yield of 3.15%. The company also returns capital through share buybacks, with a buyback yield of 0.19%.
Based on historical P/E analysis, IRCE (IRC-MI) appears fair. The current P/E of 7.3 is 1% below its historical median of 7.4. The estimated fair value CAGR (P/E method) is 20.2%.
IRCE (IRC-MI) operates in the Electrical Equipment & Parts industry, within the Industrials sector.
IRCE (IRC-MI) reported annual revenue of $430 million in its most recent fiscal year, based on SEC EDGAR filings.
IRCE (IRC-MI) has a net profit margin of 1.7%. This is a modest margin.
IRCE (IRC-MI) generated $-19 million in free cash flow in its most recent fiscal year. Negative free cash flow may indicate heavy investment or operational challenges.
IRCE (IRC-MI) has a debt-to-equity ratio of 0.25. This indicates a conservatively financed balance sheet.
IRCE (IRC-MI) reported earnings per share (EPS) of $0.28 in its most recent fiscal year.
IRCE (IRC-MI) has a return on equity (ROE) of 4.5%. This indicates moderate shareholder returns.
The Ledger Terminal provides 5 years of financial data for IRCE (IRC-MI), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
IRCE (IRC-MI) has a book value per share of $6.17, based on its most recent annual SEC filing.