Ignite Limited, together with its subsidiaries, provides specialist recruitment, on-demand information technology, and people services in Australia and New Zealand.
Price History & Performance
|Historical stock prices|
|Current Share Price||AU$0.096|
|52 Week High||AU$0.026|
|52 Week Low||AU$0.10|
|1 Month Change||10.35%|
|3 Month Change||65.52%|
|1 Year Change||209.68%|
|3 Year Change||95.92%|
|5 Year Change||-23.20%|
|Change since IPO||-92.13%|
Recent News & Updates
|IGN||AU Professional Services||AU Market|
Return vs Industry: IGN exceeded the Australian Professional Services industry which returned 33.4% over the past year.
Return vs Market: IGN exceeded the Australian Market which returned 20.2% over the past year.
Stable Share Price: IGN is more volatile than 90% of Australian stocks over the past 3 months, typically moving +/- 16% a week.
Volatility Over Time: IGN's weekly volatility (16%) has been stable over the past year, but is still higher than 75% of Australian stocks.
About the Company
Ignite Limited, together with its subsidiaries, provides specialist recruitment, on-demand information technology, and people services in Australia and New Zealand. It offers contingent labour and permanent recruitment, and payroll services; and outsourced recruitment and human resource consulting services. The company is also involved in the provision of pre-qualified information technology resources to deliver on demand solutions.
Ignite Fundamentals Summary
|IGN fundamental statistics|
Is IGN overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|IGN income statement (TTM)|
|Cost of Revenue||AU$100.39m|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||0.027|
|Net Profit Margin||2.12%|
How did IGN perform over the long term?See historical performance and comparison
Is Ignite undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: IGN (A$0.1) is trading above our estimate of fair value (A$0)
Significantly Below Fair Value: IGN is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: IGN is good value based on its PE Ratio (3.6x) compared to the Australian Professional Services industry average (21.7x).
PE vs Market: IGN is good value based on its PE Ratio (3.6x) compared to the Australian market (19.8x).
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 (1.6x) compared to the AU Professional Services industry average (3.9x).
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.
How has Ignite performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: IGN has a high level of non-cash earnings.
Growing Profit Margin: IGN became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: IGN has become profitable over the past 5 years, growing earnings by 24.9% per year.
Accelerating Growth: IGN has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: IGN has become profitable in the last year, making it difficult to compare its past year earnings growth to the Professional Services industry (9.3%).
Return on Equity
High ROE: IGN's Return on Equity (45.3%) is considered outstanding.
How is Ignite's financial position?
Financial Position Analysis
Short Term Liabilities: IGN's short term assets (A$12.7M) exceed its short term liabilities (A$7.6M).
Long Term Liabilities: IGN's short term assets (A$12.7M) exceed its long term liabilities (A$169.0K).
Debt to Equity History and Analysis
Debt Level: IGN's debt to equity ratio (14.7%) is considered satisfactory.
Reducing Debt: IGN's debt to equity ratio has increased from 8.8% to 14.7% over the past 5 years.
Debt Coverage: IGN's debt is well covered by operating cash flow (85.6%).
Interest Coverage: IGN's interest payments on its debt are not well covered by EBIT (0.1x coverage).
What is Ignite current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate IGN's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate IGN's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if IGN's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if IGN's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: IGN is not paying a notable dividend for the Australian market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of IGN's dividend in 3 years as they are not forecast to pay a notable one for the Australian market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mr. Timothy Moran, also known as Tim, serves as Chief Executive Officer at Ignite Limited since March 08, 2021. He was most recently the Asia-Pacific Regional Director for SThree, where he has held various...
CEO Compensation Analysis
Compensation vs Market: Tim's total compensation ($USD270.48K) is about average for companies of similar size in the Australian market ($USD302.72K).
Compensation vs Earnings: Insufficient data to compare Tim's compensation with company performance.
Experienced Management: IGN's management team is considered experienced (2.7 years average tenure).
Experienced Board: IGN's board of directors are considered experienced (6.7 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: IGN 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 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$8.958m
- Shares outstanding: 89.58m
- Website: https://www.igniteco.com
Number of Employees
- Ignite Limited
- Mezzanine Level
- 3 Spring Street
- New South Wales
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/18 07:04|
|End of Day Share Price||2021/10/18 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.