IKEGPS GROUP LIMITED (IKE)
Share Price Analysis and Chart

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IKE

IKE - IKEGPS GROUP LIMITED

FNArena Sector : Hardware & Equipment
Year End: March
GICS Industry Group : Technology Hardware & Equipment
Debt/EBITDA: -0.09
Index:

0

LAST PRICE CHANGE +/- CHANGE % VOLUME

$0.74

28 Oct
2026

-0.005

OPEN

$0.75

-0.67%

HIGH

$0.75

15,234

LOW

$0.74

TARGET
$0.95 28.4% upside
OTHER COMPANIES IN THE SAME SECTOR
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FNARENA'S MARKET CONSENSUS FORECASTS
IKE: 1
Title FY27
Forecast		 FY28
Forecast
EPS (cps) - 2.6 xxx
DPS (cps) 0.0 xxx
EPS Growth N/A xxx
DPS Growth N/A xxx
PE Ratio N/A xxx
Dividend Yield 0.0% xxx
Div Pay Ratio(%) N/A xxx
This company reports in NZD.
All estimates have been converted into AUD by FNArena at present FX values.

Dividend yield today if purchased 3 years ago: 0.00%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 0.00

Estimated Dividend Growth
(Average Of Past Three Years)

  %

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages
HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 FactSet UK Limited. All rights reserved
Title 202120222023202420252026
EPS Basic xxxxxxxxxxxxxxx-3.6
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx23.6 M
Book Value Per Share xxxxxxxxxxxxxxx11.0
Net Operating Cash Flow xxxxxxxxxxxxxxx-2.8 M
Net Profit Margin xxxxxxxxxxxxxxx-28.21 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202120222023202420252026
Return on Capital Employed xxxxxxxxxxxxxxx-51.95 %
Return on Invested Capital xxxxxxxxxxxxxxx-50.09 %
Return on Assets xxxxxxxxxxxxxxx-19.21 %
Return on Equity xxxxxxxxxxxxxxx-51.95 %
Return on Total Capital xxxxxxxxxxxxxxx-61.50 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-3.2 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 202120222023202420252026
Short-Term Debt xxxxxxxxxxxxxxx0 M
Long Term Debt xxxxxxxxxxxxxxx0 M
Total Debt xxxxxxxxxxxxxxx1 M
Goodwill - Gross xxxxxxxxxxxxxxx3 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx19 M
Price To Book Value xxxxxxxxxxxxxxx6.95

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202120222023202420252026
Capex xxxxxxxxxxxxxxx1.7 M
Capex % of Sales xxxxxxxxxxxxxxx7.32 %
Cost of Goods Sold xxxxxxxxxxxxxxx6 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx26 M
Research & Development xxxxxxxxxxxxxxx8 M
Investments - Total xxxxxxxxxxxxxxx8 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

1.0

No. Of Recommendations

1
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Bell Potter

28/10/2026

1

Upgraded to Buy from Hold

$0.95

28.38%

Bell Potter views ikeGPS Group's 2Q27 as disappointing with subscription revenue growth slowing to 2% q/q and 13% y/y to $5.4m, and Professional Services revenue down -58% y/y. Group revenue declined -3% y/y to $6.2m.

The analyst notes FY27 subscription revenue growth guidance of 35% was withdrawn due to uncertainty around major contract timing, although management remains confident of growth exceeding 30%, with updated guidance expected by end-November.

FY27/FY28 EBITDA forecasts are lowered by -$1.4m/-$4.1m, respectively, and FY29 forecast is increased by $1m.

New product launches, pricing increases and growing investment in electricity grids and AI infrastructure offer potential earnings catalysts, the broker highlights.

Following recent share price weakness, the broker upgrades to Buy with a target price of $0.95, down from $1.08.

FORECAST
Bell Potter forecasts a full year FY27 dividend of 0.00 cents and EPS of minus -2.59 cents.
Bell Potter forecasts a full year FY28 dividend of 0.00 cents and EPS of minus -0.58 cents.
Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

3

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Shaw and Partners

xx/xx/xxxx

1

xxx

-

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
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Canaccord Genuity

27/10/2026

1

Buy

$1.15

55.41%

Canaccord Genuity maintains a Buy rating for ikeGPS Group with its target price decreased to $1.15 from $1.30 following a first-half trading update featuring delayed subscription revenue growth.

Subscription exit ARR reached NZ$22m alongside subscription revenue of NZ$10.7m, prompting Canaccord's estimates to shift exit Annual Recurring Revenue growth guidance to greater than 30% for FY27.

Gross margins expanded by 6 ppts to 81% supported by a higher proportion of high-margin subscription revenue and cost relocation initiatives.

The analyst lowers the FY27 revenue forecast by -10% and adjusts EBITDA down by -NZ$2.6m to -NZ$5.4m while maintaining forecast for a strong balance sheet featuring NZ$27.4m in cash and zero debt.

New product modules scheduled for release in the second half of 2027 should accelerate medium-term momentum and pricing power.

Moelis

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
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Access Extra Coverage Research History >

IKE STOCK CHART

FNArena News on IKE

1
Australian Broker Call *Extra* Edition – Oct 28, 2026

Oct 28 2026 - Daily Market Reports
2
Australian Broker Call *Extra* Edition – Oct 27, 2026

Oct 27 2026 - Daily Market Reports
3
Australian Broker Call *Extra* Edition – Aug 03, 2026

Aug 03 2026 - Daily Market Reports
4
Australian Broker Call *Extra* Edition – Jun 03, 2026

Jun 03 2026 - Daily Market Reports
5
Australian Broker Call *Extra* Edition – Jun 01, 2026

Jun 01 2026 - Daily Market Reports

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