Panoramica dell'azienda
ICF International, Inc. operates as a provider of management, technology, and policy consulting and implementation services, catering to both government and commercial clients across the United States and international markets. The enterprise functions within the Industrials sector, specifically under the Consulting Services industry, where it delivers specialized expertise across domains such as strategy and public policy. As a publicly traded entity with the ticker symbol ICFI, the company commands a market capitalization of $1.27B and employs a workforce of 6972 individuals to support its operations. The combination of an annual revenue of $1.87B and a market cap of $1.27B indicates a position where the company's enterprise value is significantly lower than its total sales, suggesting a valuation that reflects the capital-intensive nature of its service delivery or specific market conditions affecting its pricing power.
Salute finanziaria
The company reported a trailing twelve-month revenue of $1.87B, generating a net income of $91.59M and an EBITDA of $203.61M, which highlights a substantial disparity between top-line sales and bottom-line earnings. This significant gap between revenue and net income reveals a cost structure where operating expenses, including salaries for its 6972 employees and overhead, consume the majority of gross profits before reaching the net income figure. Free cash flow stands at $64.20M, indicating that after accounting for capital expenditures, the company retains a specific cash amount that contributes to its financial flexibility, though this figure is notably lower than the EBITDA due to working capital requirements. Profitability is further dissected by three key margins: a gross margin of 37.2%, an operating margin of 6.5%, and a profit margin of 4.9%, where the operating margin indicates that for every dollar of revenue, only 6.5 cents remains as operating profit after covering all direct and indirect costs. On the balance sheet, the company holds $5.30M in cash against $573.40M in debt, resulting in a debt-to-equity ratio of 55.75, which characterizes the financial structure as heavily leveraged rather than conservative. Liquidity for short-term obligations is supported by a current ratio of 1.27, suggesting that current assets are sufficient to cover current liabilities with a modest buffer. Management effectiveness is measured by a return on equity of 9.1% and a return on assets of 4.4%, metrics that demonstrate the efficiency with which the company generates profit from shareholders' equity and its total asset base.
Valutazione del valore
Valuation metrics for ICFI include a trailing twelve-month P/E ratio of 13.93 and a forward P/E of 9.01, where the lower forward multiple implies an expectation of earnings contraction rather than expansion in the near future. The price-to-book ratio is recorded at 1.22, indicating that the market values the company at just 22% above its book value, which suggests a lack of significant market premium relative to the tangible assets supporting its operations. Alternative valuation perspectives are provided by a price-to-sales ratio of 0.68 and an EV/EBITDA of 8.98, figures that collectively suggest the stock is priced at less than half of its annual sales and under 9 times its earnings before interest, taxes, depreciation, and amortization. Regarding price volatility, the stock has traded between a 52-week high of $101.71 and a 52-week low of $64.34, meaning the current price sits at a level that reflects a significant portion of the range but well below the recent peak. The beta of 0.54 indicates that the stock's price movements are less volatile than the broader market, exhibiting a stability that is characteristic of large-cap industrial service providers with lower sensitivity to general market swings.
Growth & Income
Recent performance data shows a revenue growth rate of -10.6% year-over-year and an earnings growth rate of -27.4% year-over-year, demonstrating that earnings are shrinking at a rate significantly faster than revenue, which points to margin compression or declining pricing power. As a company with a dividend yield of 0.8% and a payout ratio of 11.3%, the firm maintains a highly sustainable dividend given that the payout ratio is well below 20%, allowing the board to maintain payments even during periods of earnings decline. The low payout ratio combined with the negative growth metrics suggests that the company is currently prioritizing debt management or operational adjustments over aggressive dividend growth, effectively reinvesting the majority of its earnings back into the business rather than distributing them to shareholders. Overall, the growth and income profile of ICFI presents a scenario of contracting earnings and modest income returns, reflecting a challenging operational environment that impacts both top-line growth and profitability simultaneously.