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Imerys S.A (NK) Fair Value & Analysis

Basic Materials · FR · Market cap €1.9B

IS Imerys S.A NK · PA
Price€22.12
Fair Value€21.77
Upside-1.6%
Quality95/100
Evidence: High Range €10.76 – €50.98

Fair value as of: Jun 24, 2026

From 16 valuation models · updated 6 days ago

Fair value updated Jun 24, 2026 — revised from €20.65 to €21.77 (+5.4%) since Jun 23, 2026. Share price −8.1% over the past month.

Price vs Fair Value (12 months)

€28.77 €20.11 Fair Value €21.77 Jul 2025 Jun 2026

12‑month range €20.11 – €28.77 · fair‑value band €10.76 – €50.98 · the €22.12 price screens above the €21.77 fair value. As of Jun 24, 2026.

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Analysis

Imerys S.A (NK) currently trades at €22.12, while our model-based Fair Value estimate is €21.77 — implying the stock looks roughly 1.6% overvalued today. We read business quality at 95/100 (high quality), in the Basic Materials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium — the entry price still matters most (evidence: high).

Over the trailing twelve months, Imerys S.A generated revenue of €3.3B at a net margin of -12.9%. Revenue declined 4.1% year over year. It earns a return on equity of -13.9%. Net debt stands at €1.9B. Fundamentals as of Jun 24, 2026

Key figures & financial health

Revenue (TTM) €3.3B
Revenue growth (YoY) -4.1%
Net margin -12.9%
Return on equity -13.9%
Free cash flow €53.4M FY2025
P/E ratio 13.4
More key figures
Operating margin 5.5%
EPS (TTM) €1.71
EPS growth (YoY) -34.7%
Net debt €1.9B FY2025

Figures from reported company fundamentals (EODHD) · as of Jun 24, 2026. TTM = trailing twelve months.

About the company

Imerys S.A. engages in the supply of specialty minerals for various industries across Europe, the Middle East, Africa, Asia Pacific, and America. The company offers performance minerals, such as additives for plastics, paints and coatings, filtration and life sciences, ceramics, and building products; specialty minerals used as processing aids for extreme work conditions, including refractory, foundry, abrasives, and building chemistry; and graphite and carbon minerals for energy transition and mobile energy markets. It also provides minerals, such as andalusite, ball clay, bentonite, calcium carbonate, carbon black, chamotte, diatomite, feldspar, fused alumina, graphite, halloysite, kaolin, lithium, mica, moler, mullite, perlite, quartz, talc, zeolite, zirconia, and wollastonite. The company serves various markets, such as abrasives, advanced ceramics, animal care, batteries and fuel cells, building materials, ceramics, component manufacturing, cosmetics and personal care, crop pro…

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Imerys S.A reported revenue of €3.4B in FY2025 versus €3.7B in FY2021, a compound −2.0%/yr. Reported net income was −€409M in FY2025.

Revenue −2.0%/yr
FY21 €3.7B
FY22 €4.3B
FY23 €3.8B
FY24 €3.6B
FY25 €3.4B
Net income
FY21 €240M
FY22 €237M
FY23 €51.3M
FY24 −€95.0M
FY25 −€409M

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Frequently asked questions

Is Imerys S.A (NK) undervalued?
As of Jun 24, 2026, our model estimates a fair value of €21.77 versus a price of €22.12 — about −2% (overvalued). Model-based estimate, not financial advice.
What is the fair value of NK?
Our 21-model fair value for Imerys S.A is €21.77 (as of Jun 24, 2026), built from audited fundamentals. The current price is €22.12.
What is the quality score of NK?
Imerys S.A has a Quality Score of 95/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Imerys S.A (NK)?
Imerys S.A reported trailing-twelve-month revenue of about €3.3B (latest available figure, as of Jun 24, 2026).
What is the net profit margin of NK?
The net profit margin of Imerys S.A is about -12.9%, meaning it is currently running at a net loss. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.