ASX:IGL

Stock Analysis Report

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Executive Summary

IVE Group Limited engages in the marketing, communications, and print businesses in Australia. More Details


Snowflake Analysis

Fair value with moderate growth potential.


Similar Companies

Share Price & News

How has IVE Group's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

3.4%

IGL

-2.7%

AU Media

-3.9%

AU Market


1 Year Return

-62.6%

IGL

-30.1%

AU Media

-9.6%

AU Market

Return vs Industry: IGL underperformed the Australian Media industry which returned -30.1% over the past year.

Return vs Market: IGL underperformed the Australian Market which returned -9.6% over the past year.


Shareholder returns

IGLIndustryMarket
7 Day3.4%-2.7%-3.9%
30 Day2.0%15.3%1.8%
90 Day-4.4%43.6%1.7%
1 Year-62.6%-62.6%-20.0%-30.1%-6.4%-9.6%
3 Year-57.0%-62.8%-25.0%-42.6%12.3%-1.9%
5 Yearn/a-11.1%-40.6%40.0%11.3%

Price Volatility Vs. Market

How volatile is IVE Group's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is IVE Group undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: IGL (A$0.76) is trading below our estimate of fair value (A$1.66)

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


Price To Earnings Ratio

PE vs Industry: IGL is unprofitable, so we can't compare its PE Ratio to the AU Media industry average.

PE vs Market: IGL 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 IGL's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: IGL is good value based on its PB Ratio (0.7x) compared to the AU Media industry average (1.2x).


Next Steps

Future Growth

How is IVE Group forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

52.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: IGL is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2.3%).

Earnings vs Market: IGL is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: IGL's is expected to become profitable in the next 3 years.

Revenue vs Market: IGL's revenue (3.6% per year) is forecast to grow slower than the Australian market (4.8% per year).

High Growth Revenue: IGL's revenue (3.6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: IGL's Return on Equity is forecast to be low in 3 years time (14.8%).


Next Steps

Past Performance

How has IVE Group performed over the past 5 years?

17.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: IGL is currently unprofitable.

Growing Profit Margin: IGL is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: IGL is unprofitable, but has reduced losses over the past 5 years at a rate of 17.3% per year.

Accelerating Growth: Unable to compare IGL's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: IGL is unprofitable, making it difficult to compare its past year earnings growth to the Media industry (-8.2%).


Return on Equity

High ROE: IGL has a negative Return on Equity (-11.18%), as it is currently unprofitable.


Next Steps

Financial Health

How is IVE Group's financial position?


Financial Position Analysis

Short Term Liabilities: IGL's short term assets (A$218.2M) exceed its short term liabilities (A$148.5M).

Long Term Liabilities: IGL's short term assets (A$218.2M) do not cover its long term liabilities (A$288.2M).


Debt to Equity History and Analysis

Debt Level: IGL's debt to equity ratio (105.1%) is considered high.

Reducing Debt: IGL's debt to equity ratio has increased from 52.5% to 105.1% over the past 5 years.

Debt Coverage: IGL's debt is well covered by operating cash flow (46.3%).

Interest Coverage: IGL is unprofitable, therefore interest payments are not well covered by earnings.


Balance Sheet


Next Steps

Dividend

What is IVE Group current dividend yield, its reliability and sustainability?

13.75%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate IGL's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate IGL'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 IGL's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if IGL's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: IGL is not paying a notable dividend for the Australian market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of IGL's dividend in 3 years as they are not forecast to pay a notable one for the Australian market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.2yrs

Average management tenure


CEO

Matt Aitken

1.17yrs

Tenure

AU$537,864

Compensation

Mr. Matthew Aitken, also known as Matt, has been Chief Executive Officer of IVE Group Limited since August 5, 2019. He served as the Chief Operating Officer at IVE Group Limited since August 2014 until Aug ...


CEO Compensation Analysis

Compensation vs Market: Matt's total compensation ($USD378.54K) is above average for companies of similar size in the Australian market ($USD274.23K).

Compensation vs Earnings: Matt's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Geoff Selig
Executive Chairman5.25yrsAU$835.57k8.68%
A$ 9.7m
Matthew Aitken
Chief Executive Officer1.17yrsAU$537.86k0.0047%
A$ 5.3k
Darren Dunkley
CFO & Company Secretary8.75yrsAU$400.97k0.035%
A$ 39.5k
Paul Selig
Executive Director5.25yrsAU$289.79kno data
Rob Draper
Chief Marketing Officer1.25yrsno datano data
Glen Draper
Chief Executive Officer of Integrated Marketing & Creative Services7.75yrsno datano data
Clifford Douglas Brigstocke
Chief Executive Officer of Production & Distributionno datano datano data
Keith Elliott
Chief Executive Officer of Pareto Phone2.17yrsno datano data
Naomi Dolmatoff
Company Secretary1.58yrsno datano data
Sean Smith
Chief Executive Officer of Data-Driven Communicationsno datano datano data
Darryl Meyer
Chief Executive Officer of Print Web Offsetno datano datano data

2.2yrs

Average Tenure

Experienced Management: IGL's management team is considered experienced (2.2 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Geoff Selig
Executive Chairman5.25yrsAU$835.57k8.68%
A$ 9.7m
Paul Selig
Executive Director5.25yrsAU$289.79kno data
James Scott Todd
Independent Non-Executive Director5.25yrsAU$91.88k0.083%
A$ 92.4k
Sandra Hook
Independent Non-Executive Director4.25yrsAU$91.88k0.0087%
A$ 9.8k
Gavin Bell
Independent Non-Executive Director4.83yrsAU$91.88k0%
A$ 0
Carole Campbell
Independent Non-Executive Director1.83yrsAU$91.88k0.034%
A$ 37.8k

5.0yrs

Average Tenure

Experienced Board: IGL's board of directors are considered experienced (5 years average tenure).


Ownership

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

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

IVE Group Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: IVE Group Limited
  • Ticker: IGL
  • Exchange: ASX
  • Founded: 1921
  • Industry: Advertising
  • Sector: Media
  • Market Cap: AU$111.897m
  • Shares outstanding: 148.21m
  • Website: https://www.ivegroup.com.au

Number of Employees


Location

  • IVE Group Limited
  • Building B
  • 350-374 Parramatta Road
  • Sydney
  • New South Wales
  • 2140
  • Australia

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
IGLASX (Australian Securities Exchange)YesNew Ordinary SharesAUAUDDec 2015
IGLCHIA (Chi-X Australia)YesNew Ordinary SharesAUAUDDec 2015

Biography

IVE Group Limited engages in the marketing, communications, and print businesses in Australia. The company provides conceptual and creative design across print, mobile, and interactive media; and personali ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/31 10:33
End of Day Share Price2020/10/30 00:00
Earnings2020/06/30
Annual Earnings2020/06/30


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.