How does I2X2's PE Ratio compare to its peers?

I2X2 is expensive based on its Price-To-Earnings Ratio (15.5x) compared to the peer average (12.9x).

How does I2X2's PE Ratio compare vs other companies in the DE Capital Markets Industry?

I2X2 is good value based on its Price-To-Earnings Ratio (15.5x) compared to the German Capital Markets industry average (20.3x).

What is I2X2'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.

I2X2 is good value based on its Price-To-Earnings Ratio (15.5x) compared to the estimated Fair Price-To-Earnings Ratio (17.6x).

What is the Fair Price of I2X2 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

I2X2 (€25.2) is trading below our estimate of [[fair value]] (€35.72)

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

Target price is less than 20% higher than the current share price.

Intermediate Capital Group (DB:I2X2) - Stock Price, News & Analysis

I2X2 Stock Overview

A private equity firm specializing in direct and fund of fund investments. More details

I2X2 fundamental analysis
Snowflake Score
Valuation	4/6
Future Growth	2/6
Past Performance	2/6
Financial Health	4/6
Dividends	4/6

Rewards

Trading at 29.4% below our estimate of its fair value

Earnings are forecast to grow 11.7% per year

Risk Analysis

Unstable dividend track record

Intermediate Capital Group plc Competitors

DWS Group GmbH KGaA

XTRA:DWS

€7.8b

MLP

XTRA:MLP

€640.5m

AURELIUS Equity Opportunities SE KGaA

HMSE:AR4

€392.2m

Deutsche Beteiligungs

XTRA:DBAN

€426.4m

Price History & Performance

Summary of all time highs, changes and price drops for Intermediate Capital Group
Historical stock prices
Current Share Price	UK£25.20
52 Week High	UK£28.60
52 Week Low	UK£17.76
Beta	1.97
11 Month Change	-0.79%
3 Month Change	-1.56%
1 Year Change	40.00%
33 Year Change	0%
5 Year Change	37.48%
Change since IPO	12.94%

Recent updates

Shareholder Returns

	I2X2	DE Capital Markets	DE Market
7D	5.0%	-0.7%	0.8%
1Y	40.0%	27.0%	9.1%

Return vs Industry: I2X2 exceeded the German Capital Markets industry which returned 26.5% over the past year.

Return vs Market: I2X2 exceeded the German Market which returned 8.5% over the past year.

Price Volatility

Is I2X2's price volatile compared to industry and market?
I2X2 volatility
I2X2 Average Weekly Movement	4.7%
Capital Markets Industry Average Movement	4.2%
Market Average Movement	4.8%
10% most volatile stocks in DE Market	10.8%
10% least volatile stocks in DE Market	2.4%

Stable Share Price: I2X2 has not had significant price volatility in the past 3 months compared to the German market.

Volatility Over Time: I2X2's weekly volatility (5%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1989	635	Benoit Laurent Durteste	www.icgam.com

Intermediate Capital Group plc is a private equity firm specializing in direct and fund of fund investments. Within direct it specializes in private debt, credit and equity investments. It invests in middle market, mature, growth capital, reinvestment, industry consolidations, bridge financing, restructuring of a shareholder base, acquisitions, public to private transactions with or without private equity backing, leveraged and acquisition finance, leveraged credit, partnership equity, management buyouts and management buyins, secondary investments, development capital, public quoted company finance, off-balance-sheet finance, refinancing and recapitalizations, and pre-IPO financing.

Intermediate Capital Group plc Fundamentals Summary

How do Intermediate Capital Group's earnings and revenue compare to its market cap?
I2X2 fundamental statistics
Market cap	€7.41b
Earnings (TTM)	€478.12m
Revenue (TTM)	€1.02b

15.5x

P/E Ratio

7.3x

P/S Ratio

Is I2X2 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
I2X2 income statement (TTM)
Revenue	UK£850.40m
Cost of Revenue	UK£0
Gross Profit	UK£850.40m
Other Expenses	UK£451.10m
Earnings	UK£399.30m

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	1.37
Gross Margin	100.00%
Net Profit Margin	46.95%
Debt/Equity Ratio	58.4%

How did I2X2 perform over the long term?

See historical performance and comparison

Dividends

3.7%

Current Dividend Yield

57%

Payout Ratio

Does I2X2 pay a reliable dividends?

See I2X2 dividend history and benchmarks

When do you need to buy I2X2 by to receive an upcoming dividend?
Intermediate Capital Group dividend dates
Ex Dividend Date	Dec 05 2024
Dividend Pay Date	Jan 10 2025
Days until Ex dividend	9 days
Days until Dividend pay date	45 days

Does I2X2 pay a reliable dividends?

See I2X2 dividend history and benchmarks

I2X2 Stock Overview

Rewards

Risk Analysis

Intermediate Capital Group plc Competitors

XTRA:DWS

€7.8b

XTRA:MLP

€640.5m

HMSE:AR4

€392.2m

XTRA:DBAN

€426.4m

Price History & Performance

Recent News & Updates

First half dividend of UK£0.26 announced

First half 2025 earnings released: EPS: UK£0.53 (vs UK£0.77 in 1H 2024)

Intermediate Capital Group plc Appoints Sonia Baxendale as A Non-Executive Director and Serve on the Risk and Audit Committees, Effective from 1 January 2025

ICG Announces Board Changes

Crédit Agricole Assurances S.A. signed an agreement to acquirean unknown minority stake in Océinde Communications SAS from ICG Infra I and Intermediate Capital Group plc (LSE:ICG).

Intermediate Capital Group plc, the management of DGS S.p.A. and Vincenzo Fiengo and Salvatore Frosina, Co-Founders and Co-CEO of DGS agreed to acquire DGS S.p.A. from H.I.G. Capital, LLC.

Recent updates

First half dividend of UK£0.26 announced

First half 2025 earnings released: EPS: UK£0.53 (vs UK£0.77 in 1H 2024)

Intermediate Capital Group plc Appoints Sonia Baxendale as A Non-Executive Director and Serve on the Risk and Audit Committees, Effective from 1 January 2025

ICG Announces Board Changes

Crédit Agricole Assurances S.A. signed an agreement to acquirean unknown minority stake in Océinde Communications SAS from ICG Infra I and Intermediate Capital Group plc (LSE:ICG).

Intermediate Capital Group plc, the management of DGS S.p.A. and Vincenzo Fiengo and Salvatore Frosina, Co-Founders and Co-CEO of DGS agreed to acquire DGS S.p.A. from H.I.G. Capital, LLC.

Amy Schioldager to Step Down from the Board of the Intermediate Capital Group plc, Effective 16 July 2024

Final dividend of UK£0.53 announced

Intermediate Capital Group plc to Report First Half, 2025 Results on Nov 13, 2024

Full year 2024 earnings released: EPS: UK£1.63 (vs UK£0.78 in FY 2023)

Now 22% undervalued

Intermediate Capital Group PLC Announces Retirement of Michael (Rusty) Nelligan from the Board, March 31, 2024

Intermediate Capital Group plc to Report Fiscal Year 2024 Results on May 28, 2024

Investor sentiment improves as stock rises 19%

Accenture plc (NYSE:ACN) completed the acquisition of 6Point6 Cloud Gateway Limited from Intermediate Capital Group plc (LSE:ICP), Founders and Management of 6Point6 Cloud Gateway Limited.

Now 21% undervalued

Intermediate Capital Group plc(LSE:ICP) dropped from FTSE 250 (Ex Investment Companies) Index (GBP)

Upcoming dividend of UK£0.26 per share at 5.0% yield

Intermediate Capital Group plc Declares Interim Dividend, Payable on 8 January 2024

First half 2024 earnings released: EPS: UK£0.77 (vs UK£0.12 in 1H 2023)

Citi Reportedly Launches Cura Sale Process with Bids Due Next Month

Intermediate Capital Group plc Appoints David Bicarregui as Executive Director

Upcoming dividend of UK£0.52 per share at 5.3% yield

Full year 2023 earnings released: EPS: UK£0.98 (vs UK£1.84 in FY 2022)

Intermediate Capital Group plc to Report First Half, 2024 Results on Nov 15, 2023

The Timken Company (NYSE:TKR) reached an agreement to acquire Nadella S.p.A. from Intermediate Capital Group plc (LSE:ICP).

Investor sentiment improves as stock rises 16%

Intermediate Capital Group plc Announces Board Changes

Intermediate Capital Group plc (LSE:ICP) acquired Presmed Australia Pty Limited from Advanced Health Limited (JSE:AVL).

Intermediate Capital Group plc(LSE:ICP) dropped from FTSE 100 Index

Upcoming dividend of UK£0.25 per share

First half 2023 earnings released: EPS: UK£0.12 (vs UK£0.84 in 1H 2022)

Intermediate Capital Group plc Appoints William Rucker as Non-Executive Director and Chair, Effective 31 January 2023

Intermediate Capital Group plc Declares Interim Dividend for the Six Months Ended September 30, 2022, Payable on 9 January 2023

Investor sentiment improved over the past week

The Carlyle Group Inc. (NasdaqGS:CG) agreed to acquire a majority stake in Grupo Garnica Plywood, S.A. from Intermediate Capital Group plc (LSE:ICP) and certain shareholders.

Investor sentiment deteriorated over the past week

ICG Infra I managed by Intermediate Capital Group plc (LSE:ICP) acquired British Solar Renewables Limited from Siem Europe S.a r.l.

Intermediate Capital Group plc Approves Final Dividend for the Financial Year Ended 31 March 2022

Intermediate Capital Group plc (LSE:ICP) acquired Seaway Plastics Engineering LLC from Tonka Bay Equity Partners LLC.

Upcoming dividend of UK£0.57 per share

Full year 2022 earnings released: EPS: UK£1.87 (vs UK£1.60 in FY 2021)

Intermediate Capital Group plc to Report First Half, 2023 Results on Nov 17, 2022

Intermediate Capital Group PLC Announces Retirement of Matthew Lester, a Non-Executive Director, Effective 30 June 2022

High number of new directors

Sun Communities, Inc. (NYSE:SUI) completed the acquisition of Park Holidays UK Limited for group of shareholders.

Simpson Strong-Tie Europe EURL completed the acquisition of ETANCO S.A.S. from Intermediate Capital Group plc (LSE:ICP), Fastco Investment SARL, Fastco Financing S.a.r.l, Lrlux SA and others for approximately $800 million.

Investor sentiment deteriorated over the past week

High number of new directors

ICG plc Announces Management Changes

ICP Reportedly Close to Buy Canopy Cancer

Nordrheinische Ärzteversorgung Einrichtung der Ärztekammer Nordrhein Körperschaft des öffentlichen acquired Two hypermarkets in Spain from Intermediate Capital Group plc (LSE:ICP).

Intermediate Capital Group plc (LSE:ICP) acquired Three Industrial & Logistics Sites in the UK and Netherlands from Boal International B.V.

Simpson Manufacturing Co., Inc. (NYSE:SSD) entered into binding offer to acquire ETANCO S.A.S. from Intermediate Capital Group plc (LSE:ICP) and others for approximately $820 million.

Upcoming dividend of UK£0.19 per share

First half 2022 earnings released: EPS UK£0.84 (vs UK£0.67 in 1H 2021)

Investor sentiment improved over the past week

Intermediate Capital Group plc (LSE:ICP) acquired Portfolio of Five Facilities from Iron Mountain Incorporated (NYSE:IRM) for approximately $180 million.

Full year 2021 earnings released: EPS UK£1.60 (vs UK£0.38 in FY 2020)