IVE Group Valuation

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

IGL (A$2.18) is trading below our estimate of [[fair value]] (A$18.45)

Is IGL undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

Below Fair Value
Significantly Below Fair Value
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Analyst Forecast

Share Price vs Fair Value

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

Below Fair Value: IGL (A$2.18) is trading below our estimate of fair value (A$18.45)

Significantly Below Fair Value: IGL is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for IGL?

Key metric: As IGL is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for IGL. This is calculated by dividing IGL's market cap by their current earnings.
What is IGL's PE Ratio?
PE Ratio	12.2x
Earnings	AU$27.61m
Market Cap	AU$337.66m

IGL key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	0.6x
Enterprise Value/EBITDA	7.5x
PEG Ratio	0.6x

Price to Earnings Ratio vs Peers

How does IGL's PE Ratio compare to its peers?

The above table shows the PE ratio for IGL vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	10.6x
OML oOh!media	19.3x	16.0%	AU$657.3m
GTN GTN	15.2x	34.3%	AU$86.2m
SWM Seven West Media	5.5x	13.2%	AU$250.7m
RXH Rewardle Holdings	2.5x	n/a	AU$15.3m
IGL IVE Group	12.2x	19.2%	AU$337.7m

Price-To-Earnings vs Peers: IGL is expensive based on its Price-To-Earnings Ratio (12.2x) compared to the peer average (10.6x).

Price to Earnings Ratio vs Industry

How does IGL's PE Ratio compare vs other companies in the Global Media Industry?

14 Companies	Price / Earnings	Estimated Growth	Market Cap

14 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: IGL is good value based on its Price-To-Earnings Ratio (12.2x) compared to the Global Media industry average (15.5x).

Price to Earnings Ratio vs Fair Ratio

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

IGL PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	12.2x
Fair PE Ratio	21.6x

Price-To-Earnings vs Fair Ratio: IGL is good value based on its Price-To-Earnings Ratio (12.2x) compared to the estimated Fair Price-To-Earnings Ratio (21.6x).

Analyst Price Targets

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

Analyst Forecast: Insufficient data to show price forecast.

Discover undervalued companies

Southern Cross Media Group

AU$130.7m

Southern Cross Media Group Limited, together with its subsidiaries, creates audio content for distribution on broadcast and digital networks in Australia.

SXL

AU$0.55

4.8%

-47.1%

Seven West Media

AU$250.7m

Engages in the free to air television broadcasting and digital streaming in Australia and internationally.

SWM

AU$0.17

-34.0%

PlaySide Studios

AU$170.1m

Develops and sells mobile, PC, and console video games in Australia.

PLY

AU$0.41

-9.8%

-23.1%