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: 0.68
Index: ALL-ORDS

LAST PRICE CHANGE +/- CHANGE % VOLUME

$4.95

26 Feb
2026

-0.060

OPEN

$5.02

-1.20%

HIGH

$5.08

252,120

LOW

$4.85

TARGET
$5.325 7.6% 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 30.0 xxx
DPS (cps) xxx 12.6 14.9 xxx
EPS Growth xxx 8.5% 18.7% xxx
DPS Growth xxx 16.7% 17.9% xxx
PE Ratio xxx N/A 17.4 xxx
Dividend Yield xxx N/A 2.8% xxx
Div Pay Ratio(%) xxx 49.9% 49.5% xxx

Dividend yield today if purchased 3 years ago: 4.32%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 2.41

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.
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Bell Potter

24/02/2026

1

Buy

$5.30

7.07%

IPD Group's interim underlying earnings (EBITDA) of $25.4m rose 8% year-on-year, beating Bell Potter's forecast by 2% and exceeding the top end of guidance.

Revenue of $193m was an increase of 9%, while profit of $14.4m increased by 8%. Data Centre revenue rose 16%, which the broker notes would have been 25% growth had a large order not slipped into early 2026.

The gross margin of 33.3% was broadly in line with expectations, but down from 35.2% previously, reflecting a higher proportion of competitively won project work, explain the analyst.

A 6.8c fully franked interim dividend was declared.

The broker highlights continued momentum into H2 with a healthy order book, despite a working capital-driven rise in net debt to $47.5m.

No change to Buy rating and $5.30 target price.

FORECAST
Bell Potter forecasts a full year FY26 dividend of 14.80 cents and EPS of 29.90 cents.
Bell Potter forecasts a full year FY27 dividend of 17.30 cents and EPS of 34.60 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

19/01/2026

1

Speculative Buy

$5.40

9.09%

IPD Group has acquired Platinum Cables Pty Ltd for -$37.5m up front, and a performance-based earn out of up to -$7.5m.

Taylor Collison notes Platinum adds around $45m of revenue and $7.2m of EBIT, achieving circa 10% annualised revenue growth over the past five years.

The broker finds the deal "attractive" for IPD shareholders but also adds investors should be re-assured that M&A is disciplined, earnings accretive and in line with a product-led strategy.

It is the broker's view post-acquisition struggles for CMI created uncertainty that has weighed down the share price. Taylor Collison really likes this deal (their words).

As the deal is 11% EPS accretive on FY25 numbers, forecasts have been lifted by 6% and 12.5% for this year and next. Target increases to $5.40 from $4.70. Buy.

FORECAST
Taylor Collison forecasts a full year FY26 dividend of 15.70 cents and EPS of 31.40 cents.
Taylor Collison forecasts a full year FY27 dividend of 18.00 cents and EPS of 36.10 cents.
Access Extra Coverage Research History >

IPG STOCK CHART

FNArena News on IPG

1
Australian Broker Call *Extra* Edition – Feb 26, 2026

Feb 26 2026 - Daily Market Reports
2
FNArena Corporate Results Monitor – 24-02-2026

Feb 24 2026 - Australia
3
Platinum Add-On Bolsters IPD Group’s Outlook

Jan 21 2026 - Small Caps
4
Australian Broker Call *Extra* Edition – Jan 19, 2026

Jan 19 2026 - Daily Market Reports
5
Australian Broker Call *Extra* Edition – Jan 14, 2026

Jan 14 2026 - Daily Market Reports

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