Financials IPD Group Limited

Equities

IPG

AU0000189318

Electrical Components & Equipment

Market Closed - Australian S.E. Other stock markets 11:40:56 27/06/2024 am IST			5-day change	1st Jan Change
4.69 ^AUD	+1.30%		+5.39%	-2.70%

30/04	ImpediMed's Qaurterly Revenue Rises in Fiscal Q3; Shares Fall 8%	MT
17/04	Impedimed Implements Organizational Changes; Makes Strategy Chief, COO Redundant	MT

Valuation

Fiscal Period: June	2022	2023	2024	2025	2026
Capitalization ¹	139.8	370.5	484.9	-	-
Enterprise Value (EV) ¹	114.4	349.8	502.1	507.4	497
P/E ratio	11.3 x	23.2 x	25.6 x	16 x	14.5 x
Yield	1.67%	2.17%	2.19%	2.93%	3.2%
Capitalization / Revenue	0.79 x	1.63 x	1.64 x	1.22 x	1.11 x
EV / Revenue	0.65 x	1.54 x	1.7 x	1.28 x	1.14 x
EV / EBITDA	5.18 x	12.6 x	12.7 x	9.22 x	8.24 x
EV / FCF	12.4 x	66.5 x	-110 x	26.2 x	22 x
FCF Yield	8.04%	1.5%	-0.91%	3.82%	4.55%
Price to Book	2.2 x	-	7.55 x	6.07 x	4.98 x
Nbr of stocks (in thousands)	86,286	86,366	1,03,380	-	-
Reference price ²	1.620	4.290	4.690	4.690	4.690
Announcement Date	29/08/22	24/08/23	-	-	-

¹AUD in Million²AUD

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: June	2021	2022	2023	2024	2025	2026
Net sales ¹	118.1	176.8	226.9	294.8	396.9	435.3
EBITDA ¹	-	22.1	27.7	39.45	55.03	60.33
EBIT ¹	-	18.5	23.4	33.6	46.5	51.2
Operating Margin	-	10.46%	10.31%	11.4%	11.72%	11.76%
Earnings before Tax (EBT) ¹	-	16.08	23.2	32	43.35	47.8
Net income ¹	-	11.12	16.08	21.17	30.37	33.53
Net margin	-	6.29%	7.09%	7.18%	7.65%	7.7%
EPS ²	-	0.1430	0.1850	0.1830	0.2925	0.3225
Free Cash Flow ¹	-	9.196	5.263	-4.55	19.4	22.6
FCF margin	-	5.2%	2.32%	-1.54%	4.89%	5.19%
FCF Conversion (EBITDA)	-	41.61%	19%	-	35.25%	37.46%
FCF Conversion (Net income)	-	82.74%	32.74%	-	63.89%	67.4%
Dividend per Share ²	-	0.0270	0.0930	0.1027	0.1373	0.1500
Announcement Date	15/12/21	29/08/22	24/08/23	-	-	-

¹AUD in Million²AUD

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: June	2022 S1	2022 S2	2023 S1	2023 S2
Net sales ¹	81.74	95.04	110.9	116
EBITDA ¹	10.4	11.7	13.4	14.3
EBIT ¹	8.6	9.9	11.5	11.9
Operating Margin	10.52%	10.42%	10.37%	10.26%
Earnings before Tax (EBT)	-	-	-	-
Net income	4.759	6.356	8.022	-
Net margin	5.82%	6.69%	7.24%	-
EPS	-	-	-	-
Dividend per Share ²	-	-	-	0.0470
Announcement Date	27/02/22	29/08/22	23/02/23	24/08/23

¹AUD in Million²AUD

Estimates

Balance Sheet Analysis

Fiscal Period: June	2021	2022	2023	2024	2025	2026
Net Debt ¹	-	-	-	17.2	22.6	12.1
Net Cash position ¹	-	25.4	20.8	-	-	-
Leverage (Debt/EBITDA)	-	-	-	0.437 x	0.4098 x	0.2006 x
Free Cash Flow ¹	-	9.2	5.26	-4.55	19.4	22.6
ROE (net income / shareholders' equity)	-	21.7%	23.6%	18.6%	19%	18.9%
ROA (Net income/ Total Assets)	-	10.5%	12.2%	11.4%	11%	10.9%
Assets ¹	-	105.8	132.2	186.1	276.1	307
Book Value Per Share ²	-	0.7400	-	0.6200	0.7700	0.9400
Cash Flow per Share	-	-	-	-	-	-
Capex ¹	-	2	2.16	2.8	4.87	4.73
Capex / Sales	-	1.13%	0.95%	0.95%	1.23%	1.09%
Announcement Date	15/12/21	29/08/22	24/08/23	-	-	-

¹AUD in Million²AUD

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for IPD Group Limited

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

4.69 AUD

Average target price

5.583 AUD

Spread / Average Target

+19.05%

Consensus

EPS Revisions

Estimates Revisions

Quarterly revenue - Rate of surprise

Company calendar

Sector Electric Equipment Wholesale

	1st Jan change	Capi.
IPD GROUP LIMITED	-2.70%	32Cr
WESCO INTERNATIONAL, INC.	-9.81%	801.04Cr
BEIJER REF AB	+20.46%	785.61Cr
REXEL	-0.93%	780.67Cr
INABA DENKI SANGYO CO.,LTD.	+17.94%	140.04Cr
SOLOMON TECHNOLOGY CORPORATION	+286.19%	82Cr
TOTECH CORPORATION	+61.26%	65Cr
SENSHU ELECTRIC CO.,LTD.	+64.51%	58Cr
ZHONGYEDA ELECTRIC CO., LTD.	-21.96%	56Cr
TADIRAN GROUP LTD	-25.73%	46Cr

Electric Equipment Wholesale