IPD GROUP LIMITED (IPG)
Share Price Analysis and Chart

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IPG

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

$3.03

16 Jun
2025

-0.040

OPEN

$3.04

-1.30%

HIGH

$3.05

163,863

LOW

$3.00

TARGET
$4.45 46.9% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
3DA . ALQ . AVD . BOL . BSA . CG1 . CLG . CVL . CWY . CXL . DOW . DUR . EGL . EGN . EVS . FLC . LBL . MAD . PPK . RWL . SDV . SHA . SND . SSM . SYL . VEE . VNT .
FNARENA'S MARKET CONSENSUS FORECASTS
IPG: 1
Title FY23
Actual		 FY24
Actual		 FY25
Forecast		 FY26
Forecast
EPS (cps) xxx 23.3 24.7 xxx
DPS (cps) xxx 10.8 12.3 xxx
EPS Growth xxx 25.6% 6.1% xxx
DPS Growth xxx 16.6% 13.9% xxx
PE Ratio xxx N/A 12.5 xxx
Dividend Yield xxx N/A 4.0% xxx
Div Pay Ratio(%) xxx 46.4% 49.8% xxx

Dividend yield today if purchased 3 years ago: 7.20%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 3.51

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: 27/03 - ex-div 4.6c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2025 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

Bell Potter

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
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Shaw and Partners

29/05/2025

1

Buy, High Risk

$4.80

58.42%

IPD Group's trading update was disappointing, in Shaw and Partners' view, with management expecting FY25 earnings (EBITDA and EBIT) to be respectively -8% and 9% below FY24 pro-forma levels.

Project delays and weaker performance in the CMI Cables division were cited as reasons by management. Revenue is still expected to grow year-on-year, particularly across core IPD, EX Engineering and Minto Plugs.

The broker notes CMI Cables and Addelec are expected to fall by -7.6% and -12.6%, respectively due to commercial construction headwinds and specific project delays.

Gross margins are under pressure, points out the analyst, as the revenue mix shifts toward more competitive, large-scale projects. Positively, operating expenses as a percentage of revenue have improved and cash conversion remains above 100%.

Shaw reduces its target price to $4.80 from $5.50 and retains a Buy, High Risk rating.

FORECAST
Shaw and Partners forecasts a full year FY25 dividend of 12.20 cents and EPS of 24.50 cents.
Shaw and Partners forecasts a full year FY26 dividend of 12.90 cents and EPS of 25.90 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

Moelis

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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

Taylor Collison

27/05/2025

1

Buy

$4.50

48.51%

Taylor Collison remains of the view the cycle for IPD Group will turn and earnings will grow, but in the short term, it believes earnings risks are skewed to the downside.

The broker views current challenges as cyclical, and with the narrative unchanged from 1H, expects pressure on margins. Reasons for optimism include interest rate cuts that could boost commercial construction activity.

Buy. Target cut to $4.50.

FORECAST
Taylor Collison forecasts a full year FY25 dividend of 13.00 cents and EPS of 26.40 cents.
Taylor Collison forecasts a full year FY26 dividend of 14.00 cents and EPS of 28.10 cents.
Access Extra Coverage Research History >

IPG STOCK CHART

FNArena News on IPG

1
Australian Broker Call *Extra* Edition – Jun 02, 2025

Jun 02 2025 - Daily Market Reports
2
In Case You Missed It – BC Extra Upgrades & Downgrades – 30-05-25

May 30 2025 - Weekly Reports
3
Australian Broker Call *Extra* Edition – May 27, 2025

May 27 2025 - Daily Market Reports
4
Australian Broker Call *Extra* Edition – Mar 03, 2025

Mar 03 2025 - Daily Market Reports
5
FNArena Corporate Results Monitor – 25-02-2025

Feb 25 2025 - Australia

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