Valuation Update With 7 Day Price Move • May 22
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to AU$5.31, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 17x in the Trade Distributors industry in Australia. Total returns to shareholders of 56% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at AU$6.66 per share. Buy Or Sell Opportunity • May 21
Now 25% undervalued Over the last 90 days, the stock has risen 19% to AU$5.45. The fair value is estimated to be AU$7.22, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 22% over the last 3 years. Earnings per share has grown by 15%. Revenue is forecast to grow by 26% in 2 years. Earnings are forecast to grow by 34% in the next 2 years. Board Change • May 20
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 1 highly experienced director. Independent Non-Executive Director Andrew Moffat was the last director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Board Change • May 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 1 highly experienced director. Independent Non-Executive Director Andrew Moffat was the last director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Ankündigung • Feb 25
Ipd Group Limited Announces Ordinary Fully Franked Dividend for the Six Months Ended December 31, 2025, Payable on April 10, 2026 IPD Group Limited announced ordinary fully franked dividend of AUD 0.06800000 for the six months ended December 31, 2025. Record date is March 27, 2026. Ex-date is March 26, 2026. The dividend will be payable on April 10, 2026. Ankündigung • Jan 21
IPD Group Limited to Report First Half, 2026 Results on Feb 23, 2026 IPD Group Limited announced that they will report first half, 2026 results on Feb 23, 2026 Ankündigung • Dec 30
IPD Group Limited (ASX:IPG) entered into a binding agreement to acquire Platinum Cables Pty Limited for AUD 45 million. IPD Group Limited (ASX:IPG) entered into a binding agreement to acquire Platinum Cables Pty Limited for AUD 45 million on December 30, 2025. Total consideration includes an upfront payment of AUD 37.5 million, consisting of AUD 37 million cash and AUD 0.5 million issued in shares and Contingent cash payment up to a maximum of AUD 7.5 million. Acquisition to be primarily cash and debt funded via new debt facilities, resulting in very limited shareholder dilution and the transaction funding via an expanded core debt facility with a AUD 56.1 million limit. In addition, a new working capital facility with a AUD 10 million limit has been secured. Following the acquisition, Platinum’s current management team will remain and operate the business as a stand-alone entity under earn-out arrangements. The acquisition delivers immediate earnings accretion for shareholders of IPD Group Limited.
For the period ending June 30, 2025, Platinum Cables Pty Limited reported total revenue of AUD 44.8 million, EBIT of AUD 7.2 million and EBITDA of AUD 8.2 million.
The expected completion of the transaction is December 31, 2025. Board Change • Dec 24
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 1 highly experienced director. Independent Non-Executive Director Andrew Moffat was the last director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Ankündigung • Oct 24
IPD Group Limited, Annual General Meeting, Nov 25, 2025 IPD Group Limited, Annual General Meeting, Nov 25, 2025. Location: level 37, 180 george street, sydney nsw 2000 Australia Valuation Update With 7 Day Price Move • Aug 31
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to AU$4.31, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 15x in the Trade Distributors industry in Australia. Total returns to shareholders of 147% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at AU$5.28 per share. Declared Dividend • Aug 27
Final dividend of AU$0.062 announced Dividend of AU$0.062 is the same as last year. Ex-date: 23rd September 2025 Payment date: 8th October 2025 Dividend yield will be 2.9%, which is higher than the industry average of 1.3%. Sustainability & Growth Dividend is well covered by both earnings (50% earnings payout ratio) and cash flows (35% cash payout ratio). The dividend has increased by an average of 50% per year over the past 3 years and payments have been stable during that time. EPS is expected to grow by 24% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Ankündigung • Aug 25
IPD Group Limited Declares Final Dividend for the Six Months Ended 30 June 2025, Payable on 08 October 2025 IPD Group Limited declared a final dividend of 6.2 cents per share fully franked for the six months ended 30 June 2025 with an ex-dividend date of 23 September 2025, record date of 24 September 2025 and payable on 08 October 2025. Reported Earnings • Aug 25
Full year 2025 earnings released: EPS: AU$0.25 (vs AU$0.23 in FY 2024) Full year 2025 results: EPS: AU$0.25 (up from AU$0.23 in FY 2024). Revenue: AU$354.7m (up 22% from FY 2024). Net income: AU$26.2m (up 17% from FY 2024). Profit margin: 7.4% (down from 7.7% in FY 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Trade Distributors industry in Australia. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has increased by 27% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Aug 18
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 1 highly experienced director. Independent Non-Executive Director Andrew Moffat was the last director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Ankündigung • Jul 23
IPD Group Limited to Report Fiscal Year 2025 Results on Aug 25, 2025 IPD Group Limited announced that they will report fiscal year 2025 results on Aug 25, 2025 Ankündigung • Feb 25
Ipd Group Limited Announces Ordinary Dividend for the Financial Reporting or Payment Period Ending Ended/Ending (Date) December 31, 2024, Payable on April 10, 2025 IPD Group Limited announced ordinary dividend of AUD 0.06400000 per share for the financial reporting or payment period ending ended/ending (date) December 31, 2024. Record Date March 28, 2025, Ex Date March 27, 2025 and Payment Date April 10, 2025. Ankündigung • Feb 13
IPD Group Limited to Report First Half, 2025 Results on Feb 24, 2025 IPD Group Limited announced that they will report first half, 2025 results on Feb 24, 2025 Board Change • Feb 04
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 1 highly experienced director. Independent Non-Executive Director Andrew Moffat was the last director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Board Change • Dec 24
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 1 highly experienced director. Independent Non-Executive Director Andrew Moffat was the last director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Ankündigung • Nov 27
IPD Group Limited Provides Earnings Guidance for the Half-Year Ending 31 December 2024 IPD Group Limited provided earnings guidance for the half-year ending 31 December 2024. For the period, the company expects EBIT of $19.2 million - $19.8 million. The Company also notes that Revenue for 1H25 is forecast to exceed the pcp (Pro Forma). Ankündigung • Oct 28
IPD Group Limited, Annual General Meeting, Nov 26, 2024 IPD Group Limited, Annual General Meeting, Nov 26, 2024. Location: suite 4201, level 42, 264-278 george street, sydney nsw 2000, sydney Australia Recent Insider Transactions • Oct 17
Independent Non-Executive Director recently sold AU$688k worth of stock On the 14th of October, Andrew Moffat sold around 142k shares on-market at roughly AU$4.83 per share. This transaction amounted to 35% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth AU$5.1m. Insiders have been net sellers, collectively disposing of AU$7.3m more than they bought in the last 12 months. Upcoming Dividend • Sep 15
Upcoming dividend of AU$0.062 per share Eligible shareholders must have bought the stock before 19 September 2024. Payment date: 04 October 2024. Payout ratio is a comfortable 46% and this is well supported by cash flows. Trailing yield: 2.1%. Lower than top quartile of Australian dividend payers (6.0%). Higher than average of industry peers (1.4%). Recent Insider Transactions • Sep 12
Board Member recently sold AU$5.1m worth of stock On the 5th of September, Mohamed Yoosuff sold around 1m shares on-market at roughly AU$5.10 per share. This transaction amounted to 8.9% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of AU$6.6m more than they bought in the last 12 months. Reported Earnings • Sep 03
Full year 2024 earnings released: EPS: AU$0.23 (vs AU$0.19 in FY 2023) Full year 2024 results: EPS: AU$0.23 (up from AU$0.19 in FY 2023). Revenue: AU$290.4m (up 28% from FY 2023). Net income: AU$22.4m (up 39% from FY 2023). Profit margin: 7.7% (up from 7.1% in FY 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Trade Distributors industry in Australia. Declared Dividend • Sep 01
First half dividend increased to AU$0.062 Dividend of AU$0.062 is 32% higher than last year. Ex-date: 19th September 2024 Payment date: 4th October 2024 Dividend yield will be 2.2%, which is higher than the industry average of 1.3%. Sustainability & Growth Dividend is covered by earnings (46% earnings payout ratio) but not covered by cash flows (155% cash payout ratio). The dividend has increased by an average of 59% per year over the past 2 years and payments have been stable during that time. EPS is expected to grow by 64% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Ankündigung • Aug 14
IPD Group Limited to Report Fiscal Year 2024 Results on Aug 30, 2024 IPD Group Limited announced that they will report fiscal year 2024 results on Aug 30, 2024 Upcoming Dividend • Mar 20
Upcoming dividend of AU$0.046 per share Eligible shareholders must have bought the stock before 27 March 2024. Payment date: 10 April 2024. Payout ratio is a comfortable 46% but the company is paying out more than the cash it is generating. Trailing yield: 2.1%. Lower than top quartile of Australian dividend payers (6.3%). Higher than average of industry peers (1.2%). Declared Dividend • Feb 28
First half dividend of AU$0.046 announced Shareholders will receive a dividend of AU$0.046. Ex-date: 27th March 2024 Payment date: 10th April 2024 Dividend yield will be 2.0%, which is higher than the industry average of 1.3%. Sustainability & Growth Dividend is covered by earnings (46% earnings payout ratio) but not covered by cash flows (155% cash payout ratio). The company is yet to establish a track record of dividend growth or stability as it hasn't paid a regular dividend for at least 2 years. EPS is expected to grow by 68% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Feb 28
First half 2024 earnings released: EPS: AU$0.11 (vs AU$0.093 in 1H 2023) First half 2024 results: EPS: AU$0.11 (up from AU$0.093 in 1H 2023). Revenue: AU$120.7m (up 8.9% from 1H 2023). Net income: AU$9.55m (up 19% from 1H 2023). Profit margin: 7.9% (up from 7.2% in 1H 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Trade Distributors industry in Australia. Ankündigung • Feb 01
IPD Group Limited (ASX:IPG) completed the acquisition of CMI Operations Pty Ltd. from Excelsior Capital Limited (ASX:ECL). IPD Group Limited (ASX:IPG) entered into a conditional agreement to acquire CMI Operations Pty Ltd. from Excelsior Capital Limited (ASX:ECL) for approximately AUD 100 million on November 28, 2023. Under the terms, consideration comprises an upfront payment of AUD 92.1 million, subject to customary working capital and net debt adjustment, and a maximum contingent payment of AUD 8.9 million depending on CMI’s FY24 results. IPD will fund the acquisition through a combination of a fully underwritten equity raising of AUD 65 million consisting of an institutional placement to raise approximately AUD 40 million along with an accelerated pro rata non-renounceable entitlement offer of new fully paid ordinary to raise approximately AUD 25.0 million and new debt facilities of AUD 40 million. CMI reported net sales of AUD 104.3 million, EBITDA of AUD 17.1 million and EBIT of AUD 15.5 million for the financial year 2023. IPD Group has the right to receive and pay a break fee of AUD 1 million. The acquisition is subject to approval by shareholders of Excelsior. The Board of ECL unanimously recommends that ECL shareholders vote in favor of the transaction. Completion of the acquisition is anticipated to occur by February 2024. ECL intends to use the net proceeds delivered by the transaction to further develop and grow its primary investment portfolio business. The acquisition delivers pro forma FY23A EPS accretion of over 30% for IPD Group. RSM Australia acted as an independent expert, Houlihan Lokey acted as financial advisor and Nicholson Ryan Lawyers acted as legal advisor for ECL. Gordon McCann, Seema Sandhu,Sarah Roettgers,Sarah Gilkes,Charmian Holmes and Veno Panicker of Hamilton Locke acted as legal advisor and Due-diligence provider to IPD Group Limited.
IPD Group Limited (ASX:IPG) completed the acquisition of CMI Operations Pty Ltd. from Excelsior Capital Limited (ASX:ECL) on January 31, 2024. New Risk • Dec 08
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 12% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (24% accrual ratio). Minor Risk Shareholders have been diluted in the past year (12% increase in shares outstanding). Ankündigung • Nov 29
IPD Group Limited has filed a Follow-on Equity Offering in the amount of AUD 40.000004 million. IPD Group Limited has filed a Follow-on Equity Offering in the amount of AUD 40.000004 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 10,178,118
Price\Range: AUD 3.93
Transaction Features: Subsequent Direct Listing Ankündigung • Oct 27
IPD Group Limited, Annual General Meeting, Nov 28, 2023 IPD Group Limited, Annual General Meeting, Nov 28, 2023, at 11:01 AUS Eastern Standard Time. Location: Suite 4201, Level 42, 264-278 George Street, Sydney NSW 2000 Sydney New South Wales Australia Agenda: To consider adoption of remuneration report; to re-election of Andrew Moffat as a Director; to consider ratification of Issue of 221,272 Shares; to consider approval of Issue of Performance Rights to Michael Sainsbury, Director of the Company; to consider approval of Issue of Performance Rights to Mohamed Yoosuff, Director of the Company. Upcoming Dividend • Sep 12
Upcoming dividend of AU$0.047 per share at 2.0% yield Eligible shareholders must have bought the stock before 19 September 2023. Payment date: 03 October 2023. Payout ratio is a comfortable 50% but the company is paying out more than the cash it is generating. Trailing yield: 2.0%. Lower than top quartile of Australian dividend payers (6.9%). Higher than average of industry peers (1.5%). Reported Earnings • Aug 25
Full year 2023 earnings released: EPS: AU$0.19 (vs AU$0.14 in FY 2022) Full year 2023 results: EPS: AU$0.19 (up from AU$0.14 in FY 2022). Revenue: AU$226.9m (up 28% from FY 2022). Net income: AU$16.1m (up 45% from FY 2022). Profit margin: 7.1% (up from 6.3% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 4.0% growth forecast for the Trade Distributors industry in Australia. Ankündigung • Aug 25
IPD Group Limited Declares Final Fully Franked Dividend for the Six Months Ended 30 June 2023, Payable on 3 October 2023 IPD Group Limited declared a final fully franked dividend for the six months ended 30 June 2023 of 4.7 cents per share, payable on 3 October 2023. This dividend relates to the profit in the second half of full year 2023 and represents an increase of 27.0% on the pcp. The record date of September 20, 2023 and Ex-Date of September 19, 2023. Ankündigung • Aug 08
IPD Group Limited to Report Fiscal Year 2023 Results on Aug 25, 2023 IPD Group Limited announced that they will report fiscal year 2023 results on Aug 25, 2023 Ankündigung • Jul 23
IPD Group Limited (ASX:IPG) acquired EX Engineering Pty Ltd for AUD 11.4 million. IPD Group Limited (ASX:IPG) acquired EX Engineering Pty Ltd for AUD 11.4 million on July 21, 2023.
IPD Group Limited (ASX:IPG) completed the acquisition of EX Engineering Pty Ltd on July 21, 2023. Board Change • Apr 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 1 highly experienced director. Independent Non-Executive Director Andrew Moffat was the last director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Valuation Update With 7 Day Price Move • Mar 30
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to AU$3.25, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 8x in the Trade Distributors industry in Australia. Total returns to shareholders of 108% over the past year. Simply Wall St's valuation model estimates the intrinsic value at AU$3.07 per share. Upcoming Dividend • Mar 16
Upcoming dividend of AU$0.046 per share at 3.2% yield Eligible shareholders must have bought the stock before 23 March 2023. Payment date: 06 April 2023. Payout ratio is a comfortable 50% and this is well supported by cash flows. Trailing yield: 3.2%. Lower than top quartile of Australian dividend payers (7.1%). Higher than average of industry peers (1.8%). Recent Insider Transactions • Mar 08
Independent Non-Executive Director recently sold AU$934k worth of stock On the 7th of March, Andrew Moffat sold around 295k shares on-market at roughly AU$3.16 per share. This transaction amounted to 45% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Reported Earnings • Feb 25
First half 2023 earnings released: EPS: AU$0.093 (vs AU$0.069 in 1H 2022) First half 2023 results: EPS: AU$0.093 (up from AU$0.069 in 1H 2022). Revenue: AU$110.9m (up 36% from 1H 2022). Net income: AU$8.02m (up 69% from 1H 2022). Profit margin: 7.2% (up from 5.8% in 1H 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.6% p.a. on average during the next 2 years, compared to a 3.9% growth forecast for the Trade Distributors industry in Australia. Ankündigung • Feb 06
IPD Group Limited to Report First Half, 2023 Results on Feb 24, 2023 IPD Group Limited announced that they will report first half, 2023 results on Feb 24, 2023 
