IPD GROUP LIMITED (IPG)
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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: 0.68
Index: ALL-ORDS

LAST PRICE CHANGE +/- CHANGE % VOLUME

$4.36

02 Feb
2026

-0.050

OPEN

$4.36

-1.13%

HIGH

$4.47

115,516

LOW

$4.33

TARGET
$5.125 17.5% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
3DA . ALQ . AVD . BOL . BSA . BWN . CG1 . CLG . CVL . CWY . CXL . DOW . DUR . EGL . FLC . LBL . MAD . PPK . RWL . SDV . SHA . SND . SSM . SYL . VBC . VEE . VNT . VYS .
FNARENA'S MARKET CONSENSUS FORECASTS
IPG: 1
Title FY24
Actual		 FY25
Actual		 FY26
Forecast		 FY27
Forecast
EPS (cps) xxx 25.3 29.9 xxx
DPS (cps) xxx 12.6 14.9 xxx
EPS Growth xxx 8.5% 18.1% xxx
DPS Growth xxx 16.7% 18.3% xxx
PE Ratio xxx N/A 14.7 xxx
Dividend Yield xxx N/A 3.4% xxx
Div Pay Ratio(%) xxx 49.9% 49.9% xxx

Dividend yield today if purchased 3 years ago: 4.34%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 2.88

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: 23/09 - ex-div 6.20c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 FactSet UK Limited. All rights reserved
Title 202020212022202320242025
EPS Basic xxxxxxxxxxxxxxx25.3
DPS All xxxxxxxxxxxxxxx12.6
Sales/Revenue xxxxxxxxxxxxxxx354.7 M
Book Value Per Share xxxxxxxxxxxxxxx158.1
Net Operating Cash Flow xxxxxxxxxxxxxxx39.4 M
Net Profit Margin xxxxxxxxxxxxxxx7.38 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202020212022202320242025
Return on Capital Employed xxxxxxxxxxxxxxx16.64 %
Return on Invested Capital xxxxxxxxxxxxxxx13.71 %
Return on Assets xxxxxxxxxxxxxxx9.56 %
Return on Equity xxxxxxxxxxxxxxx16.64 %
Return on Total Capital xxxxxxxxxxxxxxx20.03 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx24.3 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 xxxxxxxxxxxxxxx5 M
Long Term Debt xxxxxxxxxxxxxxx27 M
Total Debt xxxxxxxxxxxxxxx32 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx21 M
Price To Book Value xxxxxxxxxxxxxxx1.89

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202020212022202320242025
Capex xxxxxxxxxxxxxxx2.1 M
Capex % of Sales xxxxxxxxxxxxxxx0.58 %
Cost of Goods Sold xxxxxxxxxxxxxxx297 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx19 M
Research & Development xxxxxxxxxxxxxxx-
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

$xx.xx

xx.xx%

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

Bell Potter

26/11/2025

1

Buy

$5.00

14.68%

IPD Group offered a four month trading update and 1H26 guidance at its AGM.

Earnings (EBITDA) for 1H26 are guided up 6.1% y/y at the midpoint of $24.8-$25.3m, with Bell Potter forecast at $24.9m and consensus at $24.4m.

The group highlighted robust demand for its integrated electrical solutions across commercial, industrial, infrastructure and data centre construction markets.

The broker makes no changes to its EPS forecasts. No change to Buy rating and $5 target price.

FORECAST
Bell Potter forecasts a full year FY26 dividend of 14.70 cents and EPS of 29.50 cents.
Bell Potter forecasts a full year FY27 dividend of 16.10 cents and EPS of 32.20 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

12/01/2026

1

Buy

$5.20

19.27%

IPD Group acquired Platinum Cables for -$37.5m upfront, adding a high-margin, mining-focused cable business with national operations, engineering capability and blue-chip resource clients. The announcement was made on December 30.

Moelis notes the acquisition is earnings and margin accretive, with management guiding to 11.5% EPS accretion on a pro forma FY25 basis and with leverage of 0.9x gross debt to pro forma FY25 EBITDA.

End-market diversification continues to improve, with infrastructure, industrial and resources now comprising 32% of exposure and commercial increasing to 28%, the broker highlights.

FY26 EPS forecast upgraded by 3% and FY27 by 8%. Buy, with a higher target of $5.20 from $4.83.

FORECAST
Moelis forecasts a full year FY26 dividend of 14.30 cents and EPS of 28.70 cents.
Moelis forecasts a full year FY27 dividend of 16.10 cents and EPS of 32.30 cents.
Access Extra Coverage Research History >

IPG STOCK CHART

FNArena News on IPG

1
Platinum Add-On Bolsters IPD Group’s Outlook

Jan 21 2026 - Small Caps
2
Australian Broker Call *Extra* Edition – Jan 19, 2026

Jan 19 2026 - Daily Market Reports
3
Australian Broker Call *Extra* Edition – Jan 14, 2026

Jan 14 2026 - Daily Market Reports
4
Rudi’s View: AI, Small Caps & Resources In 2026

Dec 18 2025 - Rudi's View
5
Australian Broker Call *Extra* Edition – Dec 02, 2025

Dec 02 2025 - Daily Market Reports

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