IKEGPS GROUP LIMITED (IKE)
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IKE

IKE - IKEGPS GROUP LIMITED

FNArena Sector : Hardware & Equipment
Year End: March
GICS Industry Group : Technology Hardware & Equipment
Debt/EBITDA: -0.14
Index:

LAST PRICE CHANGE +/- CHANGE % VOLUME

$0.97

24 Jul
2025

0.040

OPEN

$0.94

4.30%

HIGH

$0.97

239,517

LOW

$0.92

TARGET
$1.22 25.8% upside
OTHER COMPANIES IN THE SAME SECTOR
4DS . AD8 . AKP . AVA . BLG . CDA . CYG . DDR . DRO . EOS . HTG . SEN . SLX . SPZ . TZL . WBT .
FNARENA'S MARKET CONSENSUS FORECASTS
IKE: 1
Title FY26
Forecast		 FY27
Forecast
EPS (cps) - 2.9 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 © 2025 FactSet UK Limited. All rights reserved
Title 202020212022202320242025
EPS Basic xxxxxxxxxxxxxxx-9.3
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx22.9 M
Book Value Per Share xxxxxxxxxxxxxxx2.7
Net Operating Cash Flow xxxxxxxxxxxxxxx1.2 M
Net Profit Margin xxxxxxxxxxxxxxx-64.95 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202020212022202320242025
Return on Capital Employed xxxxxxxxxxxxxxx-130.68 %
Return on Invested Capital xxxxxxxxxxxxxxx-122.68 %
Return on Assets xxxxxxxxxxxxxxx-49.84 %
Return on Equity xxxxxxxxxxxxxxx-130.68 %
Return on Total Capital xxxxxxxxxxxxxxx-91.41 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx0.4 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 202020212022202320242025
Short-Term Debt xxxxxxxxxxxxxxx0 M
Long Term Debt xxxxxxxxxxxxxxx1 M
Total Debt xxxxxxxxxxxxxxx1 M
Goodwill - Gross xxxxxxxxxxxxxxx4 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx9 M
Price To Book Value xxxxxxxxxxxxxxx26.67

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202020212022202320242025
Capex xxxxxxxxxxxxxxx1.1 M
Capex % of Sales xxxxxxxxxxxxxxx4.93 %
Cost of Goods Sold xxxxxxxxxxxxxxx10 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx24 M
Research & Development xxxxxxxxxxxxxxx8 M
Investments - Total xxxxxxxxxxxxxxx0 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

2
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Shaw and Partners

xx/xx/xxxx

1

xxx, xxxx xxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
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Bell Potter

15/07/2025

1

Upgrade to Buy from Speculative Buy

$1.14

17.53%

ikeGPS Group has launched a capital raise via an $18m placement at 81 cents (a -4.1% discount to the last close) and a $2m share purchase plan (SPP).

Bell Potter explains proceeds will fund further development of two subscription module products and bolster sales and marketing initiatives aimed at embedding its platform more deeply with utility and communications clients.

Product development receives -NZ$10.9m, with targeted productivity improvements of 5 times and a doubling of average revenue per user (ARPU). Sales and marketing acceleration is allocated -NZ$2.2m, while NZ$8.8m supports working capital and offer costs.

Pro forma cash rises to NZ$32.1m, highlights the broker.

The analysts make no changes to earnings forecasts but incorporates updated share count and cash position. Positive operating cash flow and a stronger balance sheet support the removal of the Speculative designation.

Bell Potter upgrades to Buy from Speculative Buy and sets a target price of $1.14, down from $1.17.

FORECAST
Bell Potter forecasts a full year FY26 dividend of 0.00 cents and EPS of minus -3.01 cents.
Bell Potter forecasts a full year FY27 dividend of 0.00 cents and EPS of minus -0.55 cents.
Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

1

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

Moelis

15/07/2025

3

Downgrade to Hold from Buy

$0.93

-4.12%

Moelis notes ikeGPS Group raised $18m via share placement and plans to raise an additional $2m through share purchase plan. The offer price was at a -4.7% discount to the last close.

The funds will support working capital, new product development and related costs, providing a financial buffer until the company generates positive cash flow, Moelis observes.

The company reiterated guidance for 35% or higher subscription revenue growth for FY26. Target price cut to $0.93 from $1.01 on equity dilution. Rating downgraded to Hold from Buy.

FORECAST
Moelis forecasts a full year FY26 dividend of 0.00 cents and EPS of minus -2.19 cents.
Moelis forecasts a full year FY27 dividend of 0.00 cents and EPS of 0.09 cents.
Access Extra Coverage Research History >

IKE STOCK CHART

FNArena News on IKE

1
Weekly Ratings, Targets, Forecast Changes – 18-07-25

Jul 21 2025 - Weekly Reports
2
In Case You Missed It – BC Extra Upgrades & Downgrades – 18-07-25

Jul 18 2025 - Weekly Reports
3
Australian Broker Call *Extra* Edition – Jul 15, 2025

Jul 15 2025 - Daily Market Reports
4
ikeGPS Positioned For Multi-Decade Tailwinds

Jul 08 2025 - Small Caps
5
Australian Broker Call *Extra* Edition – Jul 02, 2025

Jul 02 2025 - Daily Market Reports

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