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IGL

IVE Group CHIA:IGL Stock Report

Last Price

AU$2.06

Market Cap

AU$294.2m

7D

1.0%

1Y

50.4%

Updated

19 Apr, 2022

Data

Company Financials +
IGL fundamental analysis
Snowflake Score
Valuation5/6
Future Growth3/6
Past Performance2/6
Financial Health6/6
Dividends3/6

IGL Stock Overview

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

IVE Group Competitors

Price History & Performance

Summary of all time highs, changes and price drops for IVE Group
Historical stock prices
Current Share PriceAU$2.06
52 Week HighAU$2.17
52 Week LowAU$1.22
Beta2.67
1 Month Change0%
3 Month Change14.92%
1 Year Change50.37%
3 Year Change-7.21%
5 Year Change-11.21%
Change since IPO8.42%

Recent News & Updates

Shareholder Returns

IGLAU MediaAU Market
7D1.0%0.7%0.6%
1Y50.4%1.8%6.7%

Return vs Industry: IGL exceeded the Australian Media industry which returned 1.8% over the past year.

Return vs Market: IGL exceeded the Australian Market which returned 6.7% over the past year.

Price Volatility

Is IGL's price volatile compared to industry and market?
IGL volatility
IGL Average Weekly Movement5.1%
Media Industry Average Movement7.3%
Market Average Movement9.6%
10% most volatile stocks in AU Market16.6%
10% least volatile stocks in AU Market4.5%

Stable Share Price: IGL is less volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: IGL's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19211,600Matt Aitkenhttps://www.ivegroup.com.au

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 personalized communications, including marketing automation, marketing mail, publication mail, e-communications, multi-channel solutions, and call center services. It also prints and distributes catalogues, magazines, marketing, and corporate communications materials and stationery; and manufactures point of sale display material and large format banners for retail applications.

IVE Group Fundamentals Summary

How do IVE Group's earnings and revenue compare to its market cap?
IGL fundamental statistics
Market CapAU$294.19m
Earnings (TTM)AU$24.01m
Revenue (TTM)AU$698.19m

12.3x

P/E Ratio

0.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
IGL income statement (TTM)
RevenueAU$698.19m
Cost of RevenueAU$525.71m
Gross ProfitAU$172.48m
Other ExpensesAU$148.47m
EarningsAU$24.01m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.17
Gross Margin24.70%
Net Profit Margin3.44%
Debt/Equity Ratio63.8%

How did IGL perform over the long term?

See historical performance and comparison

Dividends

8.3%

Current Dividend Yield

93%

Payout Ratio

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$2.06) is trading below our estimate of fair value (A$7.11)

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


Price To Earnings Ratio

PE vs Industry: IGL is good value based on its PE Ratio (12.3x) compared to the Australian Media industry average (25.3x).

PE vs Market: IGL is good value based on its PE Ratio (12.3x) compared to the Australian market (17.5x).


Price to Earnings Growth Ratio

PEG Ratio: IGL is good value based on its PEG Ratio (0.6x)


Price to Book Ratio

PB vs Industry: IGL's PB Ratio (1.6x) is in line with the AU Media industry average.


Future Growth

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

20.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: IGL's forecast earnings growth (20.3% per year) is above the savings rate (1.8%).

Earnings vs Market: IGL's earnings (20.3% per year) are forecast to grow faster than the Australian market (7% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: IGL's revenue (4.3% per year) is forecast to grow slower than the Australian market (5.1% per year).

High Growth Revenue: IGL's revenue (4.3% 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 (19.8%).


Past Performance

How has IVE Group performed over the past 5 years?

-10.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: IGL has high quality earnings.

Growing Profit Margin: IGL became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: IGL's earnings have declined by 10.7% per year over the past 5 years.

Accelerating Growth: IGL has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: IGL has become profitable in the last year, making it difficult to compare its past year earnings growth to the Media industry (33.3%).


Return on Equity

High ROE: IGL's Return on Equity (12.9%) is considered low.


Financial Health

How is IVE Group's financial position?


Financial Position Analysis

Short Term Liabilities: IGL's short term assets (A$229.7M) exceed its short term liabilities (A$169.1M).

Long Term Liabilities: IGL's short term assets (A$229.7M) exceed its long term liabilities (A$213.2M).


Debt to Equity History and Analysis

Debt Level: IGL's net debt to equity ratio (35.1%) is considered satisfactory.

Reducing Debt: IGL's debt to equity ratio has reduced from 92% to 63.8% over the past 5 years.

Debt Coverage: IGL's debt is well covered by operating cash flow (66.8%).

Interest Coverage: IGL's interest payments on its debt are well covered by EBIT (6x coverage).


Balance Sheet


Dividend

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

8.29%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: IGL's dividend (8.29%) is higher than the bottom 25% of dividend payers in the Australian market (2.43%).

High Dividend: IGL's dividend (8.29%) is in the top 25% of dividend payers in the Australian market (5.67%)


Stability and Growth of Payments

Stable Dividend: IGL has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: IGL's dividend payments have increased, but the company has only paid a dividend for 6 years.


Earnings Payout to Shareholders

Earnings Coverage: With its high payout ratio (93.1%), IGL's dividend payments are not well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonably low cash payout ratio (36%), IGL's dividend payments are well covered by cash flows.


Next Steps

Management

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

3.7yrs

Average management tenure


CEO

Matt Aitken

2.67yrs

Tenure

AU$970,041

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 ($USD714.05K) is about average for companies of similar size in the Australian market ($USD554.34K).

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


Leadership Team

Experienced Management: IGL's management team is considered experienced (3.7 years average tenure).


Board Members

Experienced Board: IGL's board of directors are considered experienced (6.6 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.


Ownership Breakdown

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


Top Shareholders

Company Information

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


Key Information

  • Name: IVE Group Limited
  • Ticker: IGL
  • Exchange: CHIA
  • Founded: 1921
  • Industry: Advertising
  • Sector: Media
  • Implied Market Cap: AU$294.193m
  • Shares outstanding: 143.51m
  • Website: https://www.ivegroup.com.au

Number of Employees


Location

  • IVE Group Limited
  • 35 Clarence Street
  • Level 3
  • Sydney
  • New South Wales
  • 2000
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/04/19 00:00
End of Day Share Price2022/04/14 00:00
Earnings2021/12/31
Annual Earnings2021/06/30


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.