How does IGN's PS Ratio compare to its peers?

IGN is good value based on its Price-To-Sales Ratio (0.1x) compared to the peer average (0.3x).

How does IGN's PS Ratio compare vs other companies in the AU Professional Services Industry?

IGN is good value based on its Price-To-Sales Ratio (0.1x) compared to the Australian Professional Services industry average (1.4x).

What is IGN's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

Insufficient data to calculate IGN's Price-To-Sales Fair Ratio for valuation analysis.

What is the Fair Price of IGN when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

IGN (A$0.06) is trading below our estimate of [[fair value]] (A$0.48)

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Insufficient data to show price forecast.

IGN Stock Overview

Provides specialist recruitment and managed services in Australia and New Zealand. More details

IGN fundamental analysis
Snowflake Score
Valuation	4/6
Future Growth	0/6
Past Performance	0/6
Financial Health	6/6
Dividends	0/6

Rewards

Trading at 87.3% below our estimate of its fair value

Earnings have grown 47.9% per year over the past 5 years

Risk Analysis

Does not have a meaningful market cap (A$11M)

Shares are highly illiquid

Shareholders have been substantially diluted in the past year

My Notes

Capture your thoughts, links and company narrative

Ignite Limited Competitors

Aquirian

ASX:AQN

AU$13.7m

Ashley Services Group

ASX:ASH

AU$24.5m

My Rewards International

ASX:MRI

AU$4.1m

GO2 People

ASX:GO2

AU$6.0m

Price History & Performance

Summary of share price highs, lows and changes for Ignite
Historical stock prices
Current Share Price	AU$0.061
52 Week High	AU$0.061
52 Week Low	AU$0.061
Beta	2.13
1 Month Change	0%
3 Month Change	n/a
1 Year Change	n/a
3 Year Change	n/a
5 Year Change	-4.69%
Change since IPO	-77.41%

Recent updates

Shareholder Returns

	IGN	AU Professional Services	AU Market
7D	0%	0.5%	-2.7%
1Y	n/a	22.4%	6.5%

Return vs Industry: Insufficient data to determine how IGN performed against the Australian Professional Services industry.

Return vs Market: Insufficient data to determine how IGN performed against the Australian Market.

Price Volatility

Is IGN's price volatile compared to industry and market?
IGN volatility
IGN Average Weekly Movement	n/a
Professional Services Industry Average Movement	6.6%
Market Average Movement	8.0%
10% most volatile stocks in AU Market	16.8%
10% least volatile stocks in AU Market	3.1%

Stable Share Price: IGN has not had significant price volatility in the past 3 months.

Volatility Over Time: Insufficient data to determine IGN's volatility change over the past year.

About the Company

Founded	Employees	CEO	Website
1984	49	n/a	www.igniteco.com

Ignite Limited, together with its subsidiaries, provides specialist recruitment and on-demand information technology services in Australia and New Zealand. It offers contingent labour and permanent recruitment services. The company serves IT and digital, government, business support, engineering, information management, and professional services recruitment sectors.

Ignite Limited Fundamentals Summary

How do Ignite's earnings and revenue compare to its market cap?
IGN fundamental statistics
Market cap	AU$11.42m
Earnings (TTM)	-AU$387.00k
Revenue (TTM)	AU$101.57m

0.1x

P/S Ratio

-29.5x

P/E Ratio

Is IGN overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
IGN income statement (TTM)
Revenue	AU$101.57m
Cost of Revenue	AU$89.94m
Gross Profit	AU$11.63m
Other Expenses	AU$12.02m
Earnings	-AU$387.00k

Last Reported Earnings

Dec 31, 2023

Next Earnings Date

n/a

Earnings per share (EPS)	-0.0024
Gross Margin	11.45%
Net Profit Margin	-0.38%
Debt/Equity Ratio	0%

How did IGN perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/05/28 03:13
End of Day Share Price	2024/02/29 00:00
Earnings	2023/12/31
Annual Earnings	2023/06/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Ignite Limited is covered by 6 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Mark Goodridge	ANZ Equities Pty Limited
Mark Topy	Canaccord Genuity (Australia)
Alva DeVoy	CGS International