Board Change • Jul 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 3 highly experienced directors. Senior Independent Director Celia Baxter was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Jun 18
discoverIE Group plc, Annual General Meeting, Jul 24, 2026 discoverIE Group plc, Annual General Meeting, Jul 24, 2026. Location: 2 chancellor court, occam road, surrey research park, surrey gu2 7ah, guildford United Kingdom Declared Dividend • Jun 05
Final dividend of UK£0.089 announced Shareholders will receive a dividend of UK£0.089. Ex-date: 25th June 2026 Payment date: 31st July 2026 Dividend yield will be 1.7%, which is lower than the industry average of 1.8%. Sustainability & Growth Dividend is well covered by both earnings (43% earnings payout ratio) and cash flows (32% cash payout ratio). The dividend has increased by an average of 4.9% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 13% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Jun 04
Full year 2026 earnings released: EPS: UK£0.30 (vs UK£0.26 in FY 2025) Full year 2026 results: EPS: UK£0.30 (up from UK£0.26 in FY 2025). Revenue: UK£443.3m (up 4.8% from FY 2025). Net income: UK£29.0m (up 18% from FY 2025). Profit margin: 6.5% (up from 5.8% in FY 2025). Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Electrical industry in Germany. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Announcement • May 21
discoverIE Group plc (LSE:DSCV) acquired 90% stake in 3gmetalworx for $67.5 million. discoverIE Group plc (LSE:DSCV) acquired 90% stake in 3gmetalworx for $67.5 million on May 19, 2026. The consideration of $67.5 million (£50 million) will be paid in cash. The management of 3Gmetalworx will retain a 10% interest in the company, which is subject to put and call options exercisable between the third and fifth anniversaries of the completion date. Post-acquisition, 3Gmetalworx will join discoverIE's Connectivity operating unit within the Sensing & Connectivity division and will retain its distinct brand identity.
For the period ending December 31, 2025, 3gmetalworx reported total revenue of $19.6 million (£14.5m). The management of 3Gmetalworx will remain with the business post-transaction.
discoverIE Group plc (LSE:DSCV) completed the acquisition of 90% stake in 3gmetalworx on May 19, 2026. Announcement • Apr 15
discoverIE Group plc to Report Fiscal Year 2026 Results on Jun 03, 2026 discoverIE Group plc announced that they will report fiscal year 2026 results at 7:00 AM, Coordinated Universal Time on Jun 03, 2026 Buy Or Sell Opportunity • Apr 01
Now 21% overvalued Over the last 90 days, the stock has fallen 3.8% to €6.35. The fair value is estimated to be €5.24, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 7.8%. Revenue is forecast to grow by 12% in 2 years. Earnings are forecast to grow by 18% in the next 2 years. Recent Insider Transactions • Dec 14
Independent Non-Executive Chairman recently bought €104k worth of stock On the 10th of December, Bruce Thompson bought around 15k shares on-market at roughly €6.93 per share. This transaction amounted to 20% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Bruce has been a buyer over the last 12 months, purchasing a net total of €181k worth in shares. Announcement • Dec 05
discoverIE Group plc (LSE:DSCV) agreed to acquire Trival Antene D.o.o. for €52.6 million on a debt free, cash free basis. discoverIE Group plc (LSE:DSCV) agreed to acquire Trival Antene D.o.o. for €52.6 million on debt free, cash free basis on December 4, 2025. As part of consideration, an initial cash consideration of €45.5 million on a debt free, cash free basis, before expenses, and will be funded from the Group's existing debt facilities. In addition, deferred consideration of up to €1.65 million will be payable subject to certain conditions twelve months from completion and an earn-out of up to €5.5 million. As part of consideration, €52.65 million is paid towards common equity of Trival Antene D.o.o.
For the period ending December 31, 2024, Trival Antene D.o.o. reported total revenue of €12.7 million.
The transaction is subject to approval by regulatory board / committee. The transaction is expected to complete by end of financial year.
From completion, the acquisition will be accretive to both the Group's adjusted earnings and operating margin. Declared Dividend • Dec 05
First half dividend of UK£0.041 announced Shareholders will receive a dividend of UK£0.041. Ex-date: 11th December 2025 Payment date: 23rd January 2026 Dividend yield will be 2.1%, which is higher than the industry average of 1.8%. Sustainability & Growth Dividend is well covered by both earnings (47% earnings payout ratio) and cash flows (28% cash payout ratio). The dividend has increased by an average of 5.1% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 35% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Dec 03
First half 2026 earnings released: EPS: UK£0.14 (vs UK£0.13 in 1H 2025) First half 2026 results: EPS: UK£0.14 (up from UK£0.13 in 1H 2025). Revenue: UK£216.4m (up 2.5% from 1H 2025). Net income: UK£13.3m (up 11% from 1H 2025). Profit margin: 6.1% (up from 5.7% in 1H 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Electrical industry in Germany. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Announcement • Oct 14
discoverIE Group plc to Report First Half, 2026 Results on Dec 02, 2025 discoverIE Group plc announced that they will report first half, 2026 results on Dec 02, 2025 Announcement • Jun 19
discoverIE Group plc, Annual General Meeting, Jul 24, 2025 discoverIE Group plc, Annual General Meeting, Jul 24, 2025. Location: 2 chancellor court, occam road, surrey research park, surrey, guildford gu2 7ah United Kingdom Announcement • Jun 04
discoverIE Group plc Proposes Final Dividend for the Year Ended 31 March 2025, Payable on August 1, 2025 discoverIE Group plc proposed full year dividend at the AGM of 8.60 pence per share for the year ended March 31, 2025 as compared to 8.25 pence per share in the previous year. The final dividend is payable on 1 August 2025 to Shareholders registered on 27 June 2025. Announcement • Mar 13
discoverIE Group plc to Report Fiscal Year 2025 Results on Apr 16, 2025 discoverIE Group plc announced that they will report fiscal year 2025 results at 7:00 AM, Coordinated Universal Time on Apr 16, 2025 Announcement • Feb 04
discoverIE Group plc to Report Fiscal Year 2025 Results on Jun 04, 2025 discoverIE Group plc announced that they will report fiscal year 2025 results at 7:00 AM, Coordinated Universal Time on Jun 04, 2025 Announcement • Jan 16
discoverIE Group plc (LSE:DSCV) acquired burster praezisionsmesstechnik gmbh & co kg from Matthias Burster for €43 million. discoverIE Group plc (LSE:DSCV) acquired burster praezisionsmesstechnik gmbh & co kg from Matthias Burster for €43 million on January 16, 2025. The consideration consists of an initial cash consideration of €30.6 million (£25.9 million) on a debt free, cash free basis, before expenses, which will be funded from the discoverIE's existing debt facilities. In addition, an earn-out of up to €12.4 million (£10.5 million) will be payable subject to Burster achieving certain financial performance conditions in its year ending December 31, 2025.
For the period ending December 31, 2024, burster praezisionsmesstechnik gmbh & co kg reported unaudited revenue of €18 million.
discoverIE Group plc (LSE:DSCV) completed the acquisition of burster praezisionsmesstechnik gmbh & co kg from Matthias Burster on January 16, 2025. Announcement • Dec 03
discoverIE Group plc Increases Interim Dividend, Payable on 24 January 2025 The Board of discoverIE Group plc is declaring a 4% increase in the interim dividend to 3.9 pence per share (H1 2023/24: 3.75 pence per share). The interim dividend is payable on 24 January 2025 to shareholders registered on 13 December 2024. The Board believes in maintaining a progressive dividend policy along with a long-term dividend cover of over three times earnings on an underlying basis. This approach, along with the continued development of the Group, will enable the funding of both dividend growth and a higher level of investment in acquisitions from internally generated resources. The Company operates a Dividend Re-Investment Programme ("DRIP"), details of which are available from the Company's Registrar, Equiniti. The final date for DRIP elections for the interim dividend will be 3 January 2025. Announcement • Oct 15
discoverIE Group plc (LSE:DSCV) acquired Hi-Volt Ireland Limited for £3.8 million. discoverIE Group plc (LSE:DSCV) acquired Hi-Volt Ireland Limited for £3.8 million on July 31, 2024. A cash consideration will be paid by discoverIE Group plc. As part of consideration, an undisclosed value is paid towards common equity of Hi-Volt Ireland Limited.
discoverIE Group plc (LSE:DSCV) completed the acquisition of Hi-Volt Ireland Limited on July 31, 2024. Announcement • Oct 04
discoverIE Group plc to Report First Half, 2025 Results on Dec 03, 2024 discoverIE Group plc announced that they will report first half, 2025 results on Dec 03, 2024 Announcement • Jun 06
discoverIE Group plc Recommends Final Dividend for the Year Ended 31 March 2024, Payable on 2 August 2024 The Board of discoverIE Group plc is recommending a 4% (0.35 pence) increase in the final dividend to 8.25 pence per share, giving a 5% increase in the full year dividend per share to 12.0 pence (Fiscal year 2023: 11.45 pence) and an underlying earnings cover of 3.1 times (Fiscal year 2023: 3.1 times). The final dividend is payable on 2 August 2024 to shareholders registered on 28 June 2024. Announcement • Apr 13
discoverIE Group plc to Report Fiscal Year 2024 Results on Jun 05, 2024 discoverIE Group plc announced that they will report fiscal year 2024 results at 7:00 AM, Coordinated Universal Time on Jun 05, 2024 Announcement • Jan 20
discoverIE Group plc, Annual General Meeting, Jul 26, 2024 discoverIE Group plc, Annual General Meeting, Jul 26, 2024, at 11:00 Coordinated Universal Time. Valuation Update With 7 Day Price Move • Dec 12
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €7.95, the stock trades at a forward P/E ratio of 33x. Average forward P/E is 17x in the Electrical industry in Europe. Total returns to shareholders of 26% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €5.28 per share. Reported Earnings • Dec 07
First half 2024 earnings released: EPS: UK£0.12 (vs UK£0.11 in 1H 2023) First half 2024 results: EPS: UK£0.12 (up from UK£0.11 in 1H 2023). Revenue: UK£222.0m (flat on 1H 2023). Net income: UK£11.5m (up 7.5% from 1H 2023). Profit margin: 5.2% (up from 4.8% in 1H 2023). Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 8.7% growth forecast for the Electrical industry in Germany. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Announcement • Dec 05
discoverIE Group plc Declares an Interim Dividend, Payable on 24 January 2024 The Board of discoverIE Group plc declared an increase in the interim dividend of 6% to 3.75p per share (H1 2022/23: 3.55p per share). The interim dividend is payable on 24 January 2024 to shareholders registered on 15 December 2023. Alongside the interim dividend, the Company is starting a Dividend Re-Investment Programme ("DRIP"), details of which are available from the Company's Registrars, Equiniti. The final date for DRIP elections for the interim dividend will be 3 January 2024. Announcement • Sep 14
discoverIE Group plc (LSE:DSCV) acquired 2J Antennas, s.r.o for €52.5 million. discoverIE Group plc (LSE:DSCV) acquired 2J Antennas, s.r.o for €52.5 million on September 13, 2023. The cash consideration of €52.5 million is on a debt free, cash free basis, before expenses, which will be funded from the Group's existing debt facilities. For the year ended 31 December 2022, 2J reported revenues of €18.1 million, Total assets of €8.1 million and EBIT of €3.7 million.
discoverIE Group plc (LSE:DSCV) completed the acquisition of 2J Antennas, s.r.o on September 13, 2023. Announcement • Sep 07
discoverIE Group plc to Report First Half, 2024 Results on Dec 05, 2023 discoverIE Group plc announced that they will report first half, 2024 results on Dec 05, 2023 Announcement • Sep 01
discoverIE Group plc (LSE:DSCV) completed the acquisition of Silver Telecom Limited. discoverIE Group plc (LSE:DSCV) agreed to acquire Silver Telecom Limited for £44 million on August 1, 2023. An initial cash consideration of £21 million on a debt free, cash free basis, before expenses, which will be funded from the Group's existing debt facilities. In addition, an earn-out of up to £23 million will be payable subject to Silvertel’s performance over the next four years. Silver Telecom has gross assets of £4.6 million. Silvertel team will join the discoverIE Group. Silvertel is owned by retired co-founder Chris Green, Steve Edwards (co-founder and CEO), and a number of minority shareholders. Steve Edwards will remain in the business as Chairman. The current COO, Sean Edwards, will manage the company as its new Managing Director. Completion of the acquisition is subject to approval under the UK National Security & Investment Act, which is expected to be received later this quarter.discoverIE Group plc (LSE:DSCV) completed the acquisition of Silver Telecom Limited on August 31, 2023. The acquisition was approved under the UK National Security & Investment Act 2021, which have now been received. The acquisition is expected to be immediately accretive to Group underlying earnings and underlying operating margin. New Risk • Aug 16
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 1.5% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company. Announcement • Aug 02
discoverIE Group plc (LSE:DSCV) agreed to acquire Silver Telecom Limited for £44 million. discoverIE Group plc (LSE:DSCV) agreed to acquire Silver Telecom Limited for £44 million on August 1, 2023. An initial cash consideration of £21 million on a debt free, cash free basis, before expenses, which will be funded from the Group's existing debt facilities. In addition, an earn-out of up to £23 million will be payable subject to Silvertel’s performance over the next four years. Silver Telecom has gross assets of £4.6 million. Silvertel team will join the discoverIE Group. Silvertel is owned by retired co-founder Chris Green, Steve Edwards (co-founder and CEO), and a number of minority shareholders. Steve Edwards will remain in the business as Chairman. The current COO, Sean Edwards, will manage the company as its new Managing Director. Completion of the acquisition is subject to approval under the UK National Security & Investment Act, which is expected to be received later this quarter. Upcoming Dividend • Jun 15
Upcoming dividend of UK£0.079 per share at 1.2% yield Eligible shareholders must have bought the stock before 22 June 2023. Payment date: 01 August 2023. Payout ratio is a comfortable 51% and this is well supported by cash flows. Trailing yield: 1.2%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (2.0%). Reported Earnings • Jun 08
Full year 2023 earnings released: EPS: UK£0.22 (vs UK£0.10 in FY 2022) Full year 2023 results: EPS: UK£0.22 (up from UK£0.10 in FY 2022). Revenue: UK£448.9m (up 18% from FY 2022). Net income: UK£21.3m (up 120% from FY 2022). Profit margin: 4.7% (up from 2.6% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 7.3% growth forecast for the Electrical industry in Germany. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has increased by 27% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jun 08
discoverIE Group plc Recommends Final Dividend for the Year Ended 31 March 2023, Payable on 1 August 2023 The Board of discoverIE Group plc recommending a 6% (0.45 pence) increase in the final dividend per share to 7.9 pence per share for the year ended 31 March 2023, giving a full year dividend per share of 11.45 pence. The Board aims to maintain a progressive dividend policy along with a long-term dividend cover of over three times on an underlying basis. With continued growth of the Group, this is expected to enable funding of both sustainable dividend growth and a higher level of investment in acquisitions from internally generated resources. The final dividend is payable on 1 August 2023 to shareholders registered on 23 June 2023. Announcement • May 31
discoverIE Group plc Appoints Celia Baxter as Non-Executive Director, Effect from 1 June 2023 Dowlais Group plc announced that Celia Baxter, a Non-Executive Director and Senior Independent Director of the Company, has been appointed a Non-Executive Director of discoverIE Group plc with effect from 1 June 2023. Announcement • Jan 24
discoverIE Group plc to Report Fiscal Year 2023 Results on Jun 08, 2023 discoverIE Group plc announced that they will report fiscal year 2023 results on Jun 08, 2023 Announcement • Dec 24
discoverIE Group plc (LSE:DSCV) agreed to acquire Magnasphere Corporation for $22 million. discoverIE Group plc (LSE:DSCV) agreed to acquire Magnasphere Corporation for $22 million on December 22, 2022. The purchase price for a cash consideration of $22 million (£19.1 million) on a debt free, cash free basis. Revenues for the year ended December 31, 2021 were $6.8 million (£5.7 million). The transaction is subject to vendor shareholder approvals are expected to be received during the final quarter of this financial year. Upcoming Dividend • Dec 08
Upcoming dividend of UK£0.035 per share Eligible shareholders must have bought the stock before 15 December 2022. Payment date: 13 January 2023. Payout ratio is a comfortable 61% and this is well supported by cash flows. Trailing yield: 1.4%. Lower than top quartile of German dividend payers (4.9%). Higher than average of industry peers (1.2%). Reported Earnings • Nov 24
First half 2023 earnings released: EPS: UK£0.11 (vs UK£0.033 in 1H 2022) First half 2023 results: EPS: UK£0.11 (up from UK£0.033 in 1H 2022). Revenue: UK£219.7m (up 26% from 1H 2022). Net income: UK£10.7m (up 257% from 1H 2022). Profit margin: 4.9% (up from 1.7% in 1H 2022). Revenue is forecast to grow 2.0% p.a. on average during the next 3 years, compared to a 9.4% growth forecast for the Electrical industry in Germany. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 18% per year, which means it is well ahead of earnings. Announcement • Nov 23
discoverIE Group plc Declares Interim Dividend for the Six Month Period Ended 30 September 2022, Payable on 13 January 2023 The board of discoverIE Group plc declared an increase in the interim dividend of 6% to 3.55p per share (H1 2021/22: 3.35p per share).Since 2010, the annual dividend per share has more than doubled. The interim dividend is payable on 13 January 2023 to shareholders registered on 16 December 2022. Announcement • Nov 01
discoverIE Group plc Announces Directorate Changes discoverIE Group plc announced that Bruce Thompson has on 01 November 2022, assumed the role of Non-Executive Chairman of the Group. Bruce has been a Non-Executive Director since February 2018 and Senior Independent Director since March 2019. Tracey Graham assumes the role of Senior Independent Director. Board Change • Nov 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 2 highly experienced directors. Independent Non-Executive Director Rosalind Nana Kainyah was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Oct 20
Investor sentiment improved over the past week After last week's 15% share price gain to €7.95, the stock trades at a forward P/E ratio of 39x. Average forward P/E is 21x in the Electrical industry in Germany. Total returns to shareholders of 60% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €7.53 per share. Buying Opportunity • Oct 10
Now 22% undervalued Over the last 90 days, the stock is up 1.4%. The fair value is estimated to be €9.04, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 5.9% over the last 3 years. Earnings per share has declined by 27%. For the next 3 years, revenue is forecast to grow by 4.5% per annum. Earnings is also forecast to grow by 20% per annum over the same time period. Board Change • Oct 02
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 2 highly experienced directors. Non-Executive Director Rosalind Nana Kainyah was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Sep 28
discoverIE Group plc, Annual General Meeting, Apr 27, 2023 discoverIE Group plc, Annual General Meeting, Apr 27, 2023. Announcement • Sep 27
discoverIE Group plc to Report First Half, 2023 Results on Nov 23, 2022 discoverIE Group plc announced that they will report first half, 2023 results on Nov 23, 2022 Valuation Update With 7 Day Price Move • Jul 21
Investor sentiment improved over the past week After last week's 16% share price gain to €7.75, the stock trades at a forward P/E ratio of 38x. Average forward P/E is 24x in the Electrical industry in Germany. Total returns to shareholders of 76% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €8.43 per share. Buying Opportunity • Jul 14
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 27%. The fair value is estimated to be €8.62, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 5.9% over the last 3 years. Earnings per share has declined by 27%. For the next 3 years, revenue is forecast to grow by 4.1% per annum. Earnings is also forecast to grow by 23% per annum over the same time period. Announcement • Jul 07
discoverIE Group plc (LSE:DSCV) acquired Customdesigntechnologies Ltd for £5 million. discoverIE Group plc (LSE:DSCV) acquired Customdesigntechnologies Ltd for £5 million on July 6, 2022. The business reported revenues for the year ended December 31, 2021 of £2.9 million generating an underlying operating profit of £0.8 million.
discoverIE Group plc (LSE:DSCV) completed the acquisition of Customdesigntechnologies Ltd on July 6, 2022. Reported Earnings • Jun 15
Full year 2022 earnings released: EPS: UK£0.10 (vs UK£0.14 in FY 2021) Full year 2022 results: EPS: UK£0.10 (down from UK£0.14 in FY 2021). Revenue: UK£379.2m (down 17% from FY 2021). Net income: UK£9.70m (down 19% from FY 2021). Profit margin: 2.6% (in line with FY 2021). Over the next year, revenue is forecast to grow 4.7%, compared to a 12% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has increased by 19% per year, which means it is well ahead of earnings. Buying Opportunity • May 09
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 21%. The fair value is estimated to be €9.45, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 16%. Revenue is forecast to decline by 17% in 2 years. Earnings is forecast to grow by 76% in the next 2 years. Announcement • Apr 02
discoverIE Group plc to Report Fiscal Year 2022 Results on Jun 14, 2022 discoverIE Group plc announced that they will report fiscal year 2022 results on Jun 14, 2022 Announcement • Mar 06
H2 Equity Partners B.V. completed the acquisition of Acal BFi UK Limited from discoverIE Group plc (LSE:DSCV). H2 Equity Partners B.V. agreed to acquire Acal BFi UK Ltd from discoverIE Group plc (LSE:DSCV) for £50 million on November 9, 2021. The consideration is on a on a debt free, cash free basis. Comprising an upfront payment of £45 million, together with £5 million of deferred consideration. For the year ended on March 31, 2021, Acal BFi reported revenue of £148.7 million and gross assets of £60.1 million. The Transaction is subject to certain consultation requirements and regulatory approvals, with completion expected in the current financial year. Sale proceeds will be used to reduce the Group's net debt and to progress the design and manufacturing growth strategy. Alex Edmondson, William Hedges, Malcolm Hitching, Ceinwen Rees of Macfarlanes LLP acted as a legal advisor to H2 Equity Partners B.V. Valéry Denoix de Saint Marc, Virginie Devos, Laure Bonin and Vincent Brenot of August Debouzy acted as legal advisors to H2 Equity Partners B.V. Alexandra Berg-Moussa, Florence Chafiol and Benjamin van Gaver of August Debouzy provided due diligence.
H2 Equity Partners B.V. completed the acquisition of Acal BFi UK Limited from discoverIE Group plc (LSE:DSCV) on March 4, 2022. Certain consultation requirements and regulatory approvals have been received. Recent Insider Transactions • Feb 26
Senior Independent Director recently bought €105k worth of stock On the 23rd of February, Bruce Thompson bought around 11k shares on-market at roughly €9.52 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €173k more in shares than they have sold in the last 12 months. Upcoming Dividend • Dec 09
Upcoming dividend of UK£0.034 per share Eligible shareholders must have bought the stock before 16 December 2021. Payment date: 14 January 2022. Payout ratio is on the higher end at 82%, however this is supported by cash flows. Trailing yield: 1.0%. Lower than top quartile of German dividend payers (3.4%). Higher than average of industry peers (0.8%). Reported Earnings • Dec 03
First half 2022 earnings: Revenues and EPS in line with analyst expectations First half 2022 results: EPS: UK£0.033 (down from UK£0.042 in 1H 2021). Revenue: UK£174.3m (up 21% from 1H 2021). Net income: UK£3.00m (down 19% from 1H 2021). Profit margin: 1.7% (down from 2.6% in 1H 2021). Revenue was in line with analyst estimates. Over the next year, revenue is expected to shrink by 14% compared to a 14% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has increased by 44% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Sep 06
Investor sentiment improved over the past week After last week's 25% share price gain to €13.80, the stock trades at a forward P/E ratio of 53x. Average forward P/E is 22x in the Electrical industry in Germany. Total returns to shareholders of 230% over the past three years. Announcement • Sep 03
discoverIE Group plc (LSE:DSCV) acquired Logic PD, Inc. from Compass Electronics Group, LLC for $80.5 million. discoverIE Group plc (LSE:DSCV) acquired Logic PD, Inc. from Compass Electronics Group, LLC for $80.5 million on September 2, 2021. In similar transaction discoverIE Group plc (LSE:DSCV) acquired Antenova Limited for £18.2 million. The consideration will be paid in cash from existing debt facilities. For the year ended December 31, 2020 Logic recorded the revenues of $28.1 million, EBITDA of $6.8 million and EBIT of $5.9 million.
discoverIE Group plc (LSE:DSCV) completed the acquisition of Logic PD, Inc. from Compass Electronics Group, LLC on September 2, 2021. Reported Earnings • Jun 04
Full year 2021 earnings released: EPS UK£0.14 (vs UK£0.17 in FY 2020) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2021 results: Revenue: UK£454.3m (down 2.6% from FY 2020). Net income: UK£12.0m (down 16% from FY 2020). Profit margin: 2.6% (down from 3.1% in FY 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 22% per year, which means it is well ahead of earnings. Announcement • Jun 03
discoverIE Group plc Recommends Final Dividend, Payable on August 3, 2021 discoverIE Group plc's performance continuing to improve, the Board is recommending a final dividend of 7.0 pence per share, giving a full year dividend of 10.15 pence per share, 6% higher than the pre-pandemic dividend for fiscal year 2018/19 of 9.55 pence per share. This represents a cover against underlying earnings of 2.6 times (fiscal year 2018/19: 2.8 times). The final dividend is payable on 3 August 2021 to shareholders registered on 11 June 2021. Announcement • Feb 12
discoverIE Group plc (LSE:DSCV) completed the acquisition of Limitor GmbH from A. Rudolph, A. Fischer and U. Angermaier. discoverIE Group plc (LSE:DSCV) agreed to acquire Limitor GmbH from A. Rudolph, A. Fischer and U. Angermaier for €18 million on November 4, 2020. An initial cash consideration of €14.5 million to be paid on a debt free, cash free basis, before expenses. In addition, a contingent payment of up to €3.5 million will be payable subject to the business achieving certain profit growth targets over the next three years. Initial cash consideration of €14.5 million shall be funded from the existing debt facilities. Limitor will operate within the discoverIEGroup's Variohm cluster of specialist sensor businesses as part of the Design & Manufacturing division whilst retaining its distinct brand identity. For the year ending December 31, 2019, revenue of Limitor was €8.2 million and total assets were €3.9 million. A. Rudolph, the sales director and A. Fischer, the production director, will continue in their roles while U. Angermaier, the finance director, plans to retire following a period of transition. The transaction is subjected to regulatory approval expected to be received in final quarter of financial year 2020.The transaction is expected to close in February 2021. Once completed, the acquisition is expected to be enhancing to discoverIE Group's underlying earnings as well as accretive to the underlying operating margin. Roderich Fischer, Johannes Joepgen, Lisa Bauer, Hanno Rädlein, Ngoc Anh Heimbach, Simone Windeisen, Holger Jenzen, Christof Zondler and Melina Zurek of Ebner Stolz Mönning Bachem Wirtschaftsprüfer Steuerberater Rechtsanwälte Partnerschaft mbB acted as accountant to shareholders of Limitor GmbH.
discoverIE Group plc (LSE:DSCV) completed the acquisition of Limitor GmbH from A. Rudolph, A. Fischer and U. Angermaier on February 11, 2021. The transaction has received regulatory approval. Is New 90 Day High Low • Jan 14
New 90-day high: €7.90 The company is up 14% from its price of €6.96 on 15 October 2020. The German market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 11% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €5.48 per share. Is New 90 Day High Low • Dec 29
New 90-day high: €7.32 The company is up 15% from its price of €6.34 on 30 September 2020. The German market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 12% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €5.23 per share. Upcoming Dividend • Dec 10
Upcoming Dividend of UK£0.032 Per Share Will be paid on the 15th of January to those who are registered shareholders by the 17th of December. The trailing yield of 1.0% is below the top quartile of German dividend payers (3.6%), but it is higher than industry peers (0.6%). Announcement • Dec 06
discoverIE Group plc (LSE:DSCV) agreed to acquire Limitor GmbH from A. Rudolph, A. Fischer and U. Angermaier for €18 million. discoverIE Group plc (LSE:DSCV) agreed to acquire Limitor GmbH from A. Rudolph, A. Fischer and U. Angermaier for €18 million on November 4, 2020. An initial cash consideration of €14.5 million to be paid on a debt free, cash free basis, before expenses. In addition, a contingent payment of up to €3.5 million will be payable subject to the business achieving certain profit growth targets over the next three years. Initial cash consideration of €14.5 million shall be funded from the existing debt facilities. Limitor will operate within the discoverIEGroup's Variohm cluster of specialist sensor businesses as part of the Design & Manufacturing division whilst retaining its distinct brand identity. For the year ending December 31, 2019, revenue of Limitor was €8.2 million and total assets were €3.9 million. A. Rudolph, the sales director and A. Fischer, the production director, will continue in their roles while U. Angermaier, the finance director, plans to retire following a period of transition. The transaction is subjected to regulatory approval expected to be received in final quarter of financial year 2020. Once completed, the acquisition is expected to be enhancing to discoverIE Group's underlying earnings as well as accretive to the underlying operating margin. Is New 90 Day High Low • Dec 03
New 90-day low: €6.00 The company is down 5.0% from its price of €6.34 on 04 September 2020. The German market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €4.76 per share. Reported Earnings • Dec 02
First half 2021 earnings released: EPS UK£0.06 The company reported a poor first half result with weaker earnings, revenues and profit margins. First half 2021 results: Revenue: UK£217.9m (down 6.1% from 1H 2020). Net income: UK£5.30m (down 29% from 1H 2020). Profit margin: 2.4% (down from 3.2% in 1H 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 18% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Oct 16
discoverIE Group plc (LSE:DSCV) acquired the trade and assets of Phoenix America Inc. for $12.5 million. discoverIE Group plc (LSE:DSCV) acquired the trade and assets of Phoenix America Inc. for $12.5 million in the week ending October 15, 2020. As reported, the trade and assets of Phoenix America Inc. were acquired for an upfront consideration of $11 million, on a debt free, cash free basis, with further contingent cash consideration of up to $1.5 million, payable subject to the achievement of certain profit growth targets over a three year period. The acquisition was funded from discoverIE's existing debt facility. The business will operate within the Variohm business cluster in the D&M division, retaining its distinct brand identity. Phoenix reported sales of $6.4 million with underlying operating profit of $1.25 million for the year ended December 31, 2019. The Phoenix business will retain its high quality management.
discoverIE Group plc (LSE:DSCV) completed the acquisition of the trade and assets of Phoenix America Inc. in the week ending October 15, 2020. Is New 90 Day High Low • Oct 08
New 90-day high: €6.74 The company is up 7.0% from its price of €6.28 on 10 July 2020. The German market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is down 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €4.61 per share. Announcement • Oct 08
discoverIE Group plc to Report First Half, 2021 Results on Nov 30, 2020 discoverIE Group plc announced that they will report first half, 2021 results on Nov 30, 2020 Is New 90 Day High Low • Sep 22
New 90-day high: €6.68 The company is up 24% from its price of €5.40 on 24 June 2020. The German market is up 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €4.58 per share.