On the stock market since 2014, it operates in electricity, water and gas. Now — the numbers.
The company closed last year at a loss: costs ran above sales. The picture changes only if spending is reined in.
That much dependence is a risk in itself: if this one line weakens, the whole company feels it directly.
Before the clock runs out, either sales must climb sharply or new money must come in. This is the most critical line in the whole picture.
The stock trades 21% below its peak. The market has trimmed its expectations for the company.
The company sells $11.1B a year; the problem isn’t sales — it’s costs running above that number.
It pays out $4.20 per share each year — regular cash for whoever holds the stock.
A loss of $1.2B against $11.1B in annual sales.
At the current pace of spending, the cash lasts less than a year. After that, the company needs to find new money.
On our five-subject report card, IPWLO sits in the middle of the class: some subjects shine, others don’t. The grade moves as the numbers move.
The takeaway: IPWLO has solid sales but closed last year at a loss. The road back to profit runs through spending discipline.