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

$5.02

06 Sep
2024

-0.030

OPEN

$5.10

-0.59%

HIGH

$5.13

169,567

LOW

$5.01

TARGET
$5.90 17.5% upside
Franking for last dividend paid out: 100%
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ALQ . AVD . BSA . CG1 . CLG . CVL . CWY . CXL . DOW . DUR . EGN . EVS . FLC . LBL . MAD . PPK . 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 29.7 xxx
DPS (cps) xxx 10.8 14.8 xxx
EPS Growth xxx 25.6% 27.3% xxx
DPS Growth xxx 16.6% 36.6% xxx
PE Ratio xxx N/A 16.9 xxx
Dividend Yield xxx N/A 2.9% xxx
Div Pay Ratio(%) xxx 46.4% 49.7% xxx

Dividend yield today if purchased 3 years ago: N/A

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 2.15

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 © 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

$xx.xx

xx.xx%

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

Bell Potter

02/09/2024

1

Buy

$6.00

19.52%

IPD Group posted a strong FY24 result, with EBITDA up 45% and ahead of expectations. Bell Potter notes group sales of $290.6m were up 28% although slightly less than forecast.

The broker expects organic earnings growth of 8-10% going forward, noting key markets remain buoyant and electrification has now matured for another year.

Addelec-Gemtek EV charging is set to scale materially in FY25 as projects ramp up. Buy rating maintained. Target is raised to $6.00 from $5.60.

FORECAST
Bell Potter forecasts a full year FY25 dividend of 14.60 cents and EPS of 29.50 cents.
Bell Potter forecasts a full year FY26 dividend of 15.40 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

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

04/09/2024

1

Speculative Buy

-

-

Taylor Collison highlights 28% revenue growth in FY24 including recent acquisitions with like-for-like growth of 2% which is viewed as disappointing by the analyst for IPD Group.

The issues which impacted are believed to be short lived. The company's order book is at a record with new product launches and project wins expected.

Wastewater and data centres more than offset the flat commercial markets with construction activities "patchy". Data centres are forecast to underwrite growth in FY25.

The broker adjusts EPS for FY25 and FY26 by 3% and 10%, respectively. Buy rating unchanged with a valuation of $5.80.

FORECAST
Taylor Collison forecasts a full year FY25 dividend of 6.00 cents and EPS of 29.80 cents.
Taylor Collison forecasts a full year FY26 dividend of 6.60 cents and EPS of 33.00 cents.
Access Extra Coverage Research History >

IPG STOCK CHART

FNArena News on IPG

1
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2
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Sep 04 2024 - Daily Market Reports
4
FNArena Corporate Results Monitor – 02-09-2024

Sep 02 2024 - Australia
5
Rudi’s View: Model Portfolios, Best Ideas & Conviction Calls

Aug 15 2024 - Rudi's View

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