Ignite Limited, together with its subsidiaries, provides specialist recruitment, on-demand information technology, and people services in Australia and New Zealand. More Details
Adequate balance sheet and fair value.
Share Price & News
How has Ignite's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: IGN's share price has been volatile over the past 3 months.
7 Day Return
AU Professional Services
1 Year Return
AU Professional Services
Return vs Industry: IGN underperformed the Australian Professional Services industry which returned -8.5% over the past year.
Return vs Market: IGN underperformed the Australian Market which returned -12% over the past year.
Price Volatility Vs. Market
How volatile is Ignite's share price compared to the market and industry in the last 5 years?
Simply Wall St News
5 months ago | Simply Wall StDo Insiders Own Shares In Ignite Limited (ASX:IGN)?
7 months ago | Simply Wall StIntroducing Ignite (ASX:IGN), The Stock That Tanked 89%
9 months ago | Simply Wall StDoes Ignite (ASX:IGN) Have A Healthy Balance Sheet?
Is Ignite undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: IGN (A$0.02) is trading below our estimate of fair value (A$1.3)
Significantly Below Fair Value: IGN is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: IGN is unprofitable, so we can't compare its PE Ratio to the AU Professional Services industry average.
PE vs Market: IGN is unprofitable, so we can't compare its PE Ratio to the Australian market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate IGN's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: IGN is good value based on its PB Ratio (0.7x) compared to the AU Professional Services industry average (2.7x).
How is Ignite forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Forecasted Commercial Services industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Ignite has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
- Examine whether Ignite is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
- Ignite competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Commercial Services industry.
How has Ignite performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: IGN is currently unprofitable.
Growing Profit Margin: IGN is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: IGN is unprofitable, but has reduced losses over the past 5 years at a rate of 8.6% per year.
Accelerating Growth: Unable to compare IGN's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: IGN is unprofitable, making it difficult to compare its past year earnings growth to the Professional Services industry (3.1%).
Return on Equity
High ROE: IGN has a negative Return on Equity (-129.53%), as it is currently unprofitable.
How is Ignite's financial position?
Financial Position Analysis
Short Term Liabilities: IGN's short term assets (A$13.0M) exceed its short term liabilities (A$10.4M).
Long Term Liabilities: IGN's short term assets (A$13.0M) exceed its long term liabilities (A$567.0K).
Debt to Equity History and Analysis
Debt Level: IGN's debt to equity ratio (40.7%) is considered high.
Reducing Debt: IGN's debt to equity ratio has increased from 2.2% to 40.7% over the past 5 years.
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable IGN has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: IGN is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 0.6% per year.
What is Ignite current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate IGN's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate IGN's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if IGN's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if IGN's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: IGN is not paying a notable dividend for the Australian market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of IGN's dividend in 3 years as they are not forecast to pay a notable one for the Australian market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Ignite has no CEO, or we have no data on them.
|Executive Chairman||5.58yrs||AU$418.00k||0.27% |
|Chief Financial Officer||3.75yrs||AU$349.13k||0.22% |
|Company Secretary||3.83yrs||no data||no data|
Experienced Management: IGN's management team is considered experienced (3.8 years average tenure).
|Executive Chairman||5.58yrs||AU$418.00k||0.27% |
|Independent Non-Executive Director||6.33yrs||AU$58.50k||0.28% |
|Independent Non-Executive Director||3.5yrs||AU$58.50k||0.26% |
|Independent Non-Executive Director||1.67yrs||AU$58.50k||0.28% |
Experienced Board: IGN's board of directors are considered experienced (4.5 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Ignite Limited's company bio, employee growth, exchange listings and data sources
- Name: Ignite Limited
- Ticker: IGN
- Exchange: ASX
- Founded: 1984
- Industry: Human Resource and Employment Services
- Sector: Commercial Services
- Market Cap: AU$1.971m
- Shares outstanding: 89.58m
- Website: https://www.igniteco.com
Number of Employees
- Ignite Limited
- Mezzanine Level
- 3 Spring Street
- New South Wales
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|IGN||ASX (Australian Securities Exchange)||Yes||Ordinary Shares||AU||AUD||Jan 1997|
|IGN||CHIA (Chi-X Australia)||Yes||Ordinary Shares||AU||AUD||Jan 1997|
Ignite Limited, together with its subsidiaries, provides specialist recruitment, on-demand information technology, and people services in Australia and New Zealand. The company offers permanent and conting ...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/09/18 19:07|
|End of Day Share Price||2020/09/14 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.