Ingram Micro, Inc. (NYSE:IM)

CAPS Rating: 5 out of 5

The Company and its subsidiaries are primarily engaged in the distribution of information technology products and supply chain solutions worldwide.

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Member Avatar Wifeb123 (71.91) Submitted: 7/3/2014 5:02:54 PM : Outperform Start Price: $29.83 IM Score: -4.81

ValueLine basement bargain pick. Too cheap to not make some $

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Member Avatar line70day (< 20) Submitted: 6/2/2014 12:35:45 PM : Underperform Start Price: $27.93 IM Score: +0.89

MI Ingram Micro INC consolidated its financial statement . Increased in Net consolidated sales for 13 weeks First Q. reflected growth in Europe & Latin America . Compared to last yr. same Q. Increase in Europe due to US stronger dollar Decrease in Asia - Pacific due to in their decreased currency. On July 1 the US currency is to be devalued this will affect this Co.

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Member Avatar XMFConnor (97.53) Submitted: 6/19/2012 3:15:18 PM : Outperform Start Price: $17.52 IM Score: +17.03

Largest Net/Net in the market. Wholesaler of electronic products. Trades at less than 4X EBITDA, generated $277 mm in earnings ttm, which is less than 10X P/E.

Not too complicated here. Net/net that is profitable and growing value. Outperform.

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Member Avatar btthus (< 20) Submitted: 7/8/2011 3:52:25 PM : Outperform Start Price: $18.31 IM Score: +8.12

Price to Earnings (P/E) ?   9.70   AVG
Price to Book (P/B) ?   0.868   LOW
Price to Sales (P/S) ?   0.0837   VERY LOW
Return on Assets (ROA) ?   4.4%   AVG
Return on Equity (ROE) ?   9.4%   AVG
EV/EBITDA ?   7.74   AVG
Dividend Yield   0%   AVG

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Member Avatar heals07 (53.90) Submitted: 5/12/2011 10:08:50 PM : Outperform Start Price: $18.87 IM Score: +4.27

I took a long time deciding whether to go long or short this one. I began my analysis by looking at the Free Cash flows. My intention was to do a free cash flow valuation but I ran into some difficulties when I noticed all past years free cash flows were basically negative (16 years of data). The equation I used was EBIT(1-t)+ dep - capital exp- ?NWC. The firm list a change in nwc amount in their cash flow statement, but I used the balance sheet to get my number and it always differed from the statement of cash flows. Wasn't sure what to think about this. When I realized a normal valuation wasn't going to really work I began looking at a buyout valuation. For the last fiscal year end, Ingram had EV/EBIT and EV/EBITDA of 11.85 and 9.931 respectively. Ingram's twelve trailing month EV/EBIT and EV/EBITDA of 10.663 and 9.06. NYU provides these ratios for every stock in the US market, using a pivot table I was able to sort the information and see only the stocks in Ingram's industry and their corresponding ratios. I then averaged the EV/EBIT and EV/EBITDA of all the companies to come up with average ratios of 23.44 and 13.32 respectively.
From what I have seen most deals reference a EV/EBITDA multiple.
According to my analysis an acquiring firm would pay market value $4,792.62 million for Ingram. This is a 57% premium to the current stock price. The total cost of to acquire the firm would only be $4,430.73. This is because the buyout ratio predicts a price of $5449.62 for the buyout. Ingram has $1018.88 million in cash which reduces the acquiring company's purchase price.
The company looks cheap historically on these ratios, I cant short a company that has a potential to be bought out with a 57% premium. Real life I look to enter at $16.40's.

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Member Avatar EclecticRecluse (79.57) Submitted: 5/5/2011 4:31:18 AM : Outperform Start Price: $18.51 IM Score: +6.06

High Public Opinion with High Relative Strength

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Member Avatar Piddlepuppy (33.56) Submitted: 1/14/2011 3:27:08 PM : Outperform Start Price: $19.23 IM Score: -5.51

They have very good numbers. Last year was poor, this year is much better.

They're not a "sexy" company. They're a big company, the world is on the cusp of 'the cloud', and they have all the stuff you need to refit the next stage of the internet.

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Member Avatar bobrien444 (< 20) Submitted: 7/30/2010 3:12:16 AM : Outperform Start Price: $15.94 IM Score: -2.99

i own arrow electronics and stuck with it as it diove below the suggested stop loss price. now arw is coming back strong with great promise. ingram micro is like a sister stock to arw andghey will both get to disneyworld this year.

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Member Avatar mrindependent (85.76) Submitted: 3/24/2010 11:10:29 AM : Outperform Start Price: $17.91 IM Score: -10.93

Ingram micro distributes electronic and technology products on a worldwide basis. This stock appears on my screen that looks for stocks with low p/sales ratios and positive earnings revisions. This fits into the category of "value momentum investing". I suspect that value momentum investing will be a successful strategy under current market conditions. Current p/sales ratio is 0.10, which is below its 5 year average p/sales ratio of 0.12 and very low compared to most other stocks. Current p/bv is 0.99. The p/bv ratio is significant here because the company's assets consist of cash and working capital. There is no goodwill or intangibles- and PP&E is insignificant. This means that book value is not far from liquidation value. At 0.99 times book value, the downside is limited. With $4 per share in net cash, the company is very liquid. I subtract the $4 in cash from the share price to yield an adjusted share price of $13.90. This is just 8.2 times the expected eps for 2010 (i.e. $1.70). The last two earnings suprises have been positive and analysts have substantially increased earnings estimates during the last 12 weeks. Currently a "featured buy" at Zacks. CAPS 4, Stockscouter 7.

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Member Avatar spreadsheetV1 (98.79) Submitted: 11/23/2009 1:27:24 AM : Outperform Start Price: $18.11 IM Score: -22.08

This met a high level screen to indicate a buy and strong outperform against its peers (other tickers in its industry). My 1st version of this spreadsheet devles deep into the company's balnace sheet and recent income statements, combined with other relevant price data for the company including insider/institutional holdings, short interest, debt levels, etc.
Testing capabilities of this 1st version of my automated, valuation spreadhseet matched with my personal criteria and see how it holds up.

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Member Avatar Alzo10 (98.05) Submitted: 6/10/2009 4:52:59 PM : Outperform Start Price: $17.56 IM Score: -50.25

Strong cash flow even though had poor 2008 Net Income. Saas focus will help them tremendously in the future.

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Member Avatar LawfordCap (99.80) Submitted: 5/5/2009 3:45:02 PM : Outperform Start Price: $15.93 IM Score: -42.95

trend PS test

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Member Avatar TMFBigFrog (94.80) Submitted: 10/26/2008 9:50:22 PM : Outperform Start Price: $12.49 IM Score: -7.25

Do my eyes deceive me, or is this company trading like a traditional Benjamin Graham style Net Current Asset play? A quick screen revealed that Ingram Micro has more current assets than total liabilities and that subtracting total liabilities from current assets left a value above the company's market cap.

The company has been reporting profits, as well, which makes the valuation especially puzzling.

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Member Avatar StockMarketBeat (84.97) Submitted: 4/3/2008 10:45:21 AM : Outperform Start Price: $15.94 IM Score: +27.94

http://stockmarketbeat.com/blog1/2008/04/02/im-long-ingram-short-tech-data-paired-trade-idea/

I think a long Ingram Micro (IM) and short Tech Data paired trade can take advantage of differences in valuation regardless of what happens next in business spending.

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Member Avatar edwardward (93.85) Submitted: 3/24/2008 9:01:42 AM : Outperform Start Price: $15.81 IM Score: +26.22

This stock should be selling at about $30.00 per share.
Currently at $15 to $16 per share. Unusual value play. Strong technology stock. Industry purged and pearched for fast recovery when economy improves. Look for doubling of price within 24 months.

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Member Avatar neve150 (< 20) Submitted: 3/18/2008 1:13:52 PM : Outperform Start Price: $15.34 IM Score: +29.23

Small cap with potential.

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Member Avatar mtbrady06 (52.45) Submitted: 3/4/2008 10:27:54 AM : Outperform Start Price: $15.67 IM Score: +26.30

Due to Microsoft's Vista service pack 1 coming out (currently RTM) more companies will start their tech refresh and in turn Ingram Micro will see higher sales starting around year's end.

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Member Avatar optionwinners (94.78) Submitted: 8/15/2007 8:46:36 AM : Outperform Start Price: $19.00 IM Score: +3.69

This company is a distributor of electrical equipment from the supplier to the end user. ie phones etc... Google is in an agreement with them and they should benifit hugely from the distribution of the Google phone when it comes out. It has pulled off of decent highs and I expect it to return to those levels. I see this stock getting to 25 with all the news in the pipeline and the hype that will happen with the Google phone.

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Member Avatar skc0001 (< 20) Submitted: 1/5/2007 9:41:48 AM : Outperform Start Price: $20.48 IM Score: -10.55

A value proposition

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Member Avatar InSpace (< 20) Submitted: 10/10/2006 4:36:15 PM : Outperform Start Price: $19.42 IM Score: -9.54

Solid management and a very efficient business model that can adapt quickly to changes in the market. Seem to be leader in their LOB

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