IPD GROUP LIMITED (IPG)
Share Price Analysis and Chart

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IPG - IPD GROUP LIMITED

FNArena Sector : Industrial Sector Contractors & Engineers
Year End: June
GICS Industry Group : Capital Goods
Debt/EBITDA: 1.12
Index: ALL-ORDS

LAST PRICE CHANGE +/- CHANGE % VOLUME

$3.87

30 Dec
2024

0.010

OPEN

$3.91

0.26%

HIGH

$3.91

48,175

LOW

$3.82

TARGET
$5.20 34.4% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
3DA . ALQ . AVD . BSA . CG1 . CLG . CVL . CWY . CXL . DOW . DUR . EGL . EGN . EVS . FLC . LBL . MAD . PPK . RWL . SDV . SHA . SND . SSM . VEE . VNT .
FNARENA'S MARKET CONSENSUS FORECASTS
IPG: 1
Title FY23
Actual		 FY24
Actual		 FY25
Forecast		 FY26
Forecast
EPS (cps) xxx 23.3 26.2 xxx
DPS (cps) xxx 10.8 13.7 xxx
EPS Growth xxx 25.6% 12.5% xxx
DPS Growth xxx 16.6% 26.9% xxx
PE Ratio xxx N/A 14.8 xxx
Dividend Yield xxx N/A 3.5% xxx
Div Pay Ratio(%) xxx 46.4% 52.3% xxx

Dividend yield today if purchased 3 years ago: 9.73%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 2.80

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

Last ex-div: 19/09 - ex-div 4.7c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 20202021202220232024
EPS Basic xxxxxxxxxxxx23.3
DPS All xxxxxxxxxxxx10.8
Sales/Revenue xxxxxxxxxxxx290.4 M
Book Value Per Share xxxxxxxxxxxx145.8
Net Operating Cash Flow xxxxxxxxxxxx23.4 M
Net Profit Margin xxxxxxxxxxxx7.70 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 20202021202220232024
Return on Capital Employed xxxxxxxxxxxx20.00 %
Return on Invested Capital xxxxxxxxxxxx16.25 %
Return on Assets xxxxxxxxxxxx10.85 %
Return on Equity xxxxxxxxxxxx20.00 %
Return on Total Capital xxxxxxxxxxxx24.27 %
Free Cash Flow ex dividends xxxxxxxxxxxx12.8 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 20202021202220232024
Short-Term Debt xxxxxxxxxxxx4 M
Long Term Debt xxxxxxxxxxxx41 M
Total Debt xxxxxxxxxxxx45 M
Goodwill - Gross xxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxx22 M
Price To Book Value xxxxxxxxxxxx3.22

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 20202021202220232024
Capex xxxxxxxxxxxx1.7 M
Capex % of Sales xxxxxxxxxxxx0.59 %
Cost of Goods Sold xxxxxxxxxxxx239 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxx18 M
Research & Development xxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxx0 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

26/11/2024

1

Buy

$5.30

36.95%

IPD Group's 1H earnings (EBITDA) guidance of $22.5-$23.1m missed Bell Potter's $25.2m forecast, implying a -6% year-on-year earnings decline on a pro forma basis.

Despite timing challenges in project-oriented segments and continued softness in the commercial-facing 'daily trade' business, the broker notes the group continues to outperform the market at the revenue level.

The earnings miss is attributed almost entirely to margin pressures, which the analysts believe can recover in 2H25 as leverage re-emerges and the cost base becomes more aligned.

The target price decreases to $5.30 from $6.20 after the broker factors in -100bps of gross margin compression for FY25 and subsequent years. The Buy rating is unchanged.

FORECAST
Bell Potter forecasts a full year FY25 dividend of 14.60 cents and EPS of 26.70 cents.
Bell Potter forecasts a full year FY26 dividend of 15.40 cents and EPS of 29.80 cents.
Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

2

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

Taylor Collison

xx/xx/xxxx

1

xxxxxxxxxxx xxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Moelis

05/09/2024

1

Buy

$5.76

48.84%

IPD Group's earnings (EBIT) and profit beat forecasts by Moelis and consensus and earnings came in ahead of management's guidance range. Organic growth in the existing business was offset by a softer 2H for CMI operations (considered transitory), note the analysts.

Management provided unchanged positive commentary on buoyant market conditions with demand coming from the renewable energy transition, data centres, and EV chargers, highlights the broker. A Q1 trading update will be provided at the AGM in November.

A fully franked final dividend of 6.2 cents was declared.

The target rises to $5.76 from $5.65. Buy.

FORECAST
Moelis forecasts a full year FY25 dividend of 14.60 cents and EPS of 29.20 cents.
Moelis forecasts a full year FY26 dividend of 16.20 cents and EPS of 32.40 cents.
Access Extra Coverage Research History >

IPG STOCK CHART

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