How does LW4's PE Ratio compare to its peers?

LW4 is good value based on its Price-To-Earnings Ratio (10.5x) compared to the peer average (13.5x).

How does LW4's PE Ratio compare vs other companies in the DE Capital Markets Industry?

LW4 is good value based on its Price-To-Earnings Ratio (10.5x) compared to the German Capital Markets industry average (20.3x).

What is LW4'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.

LW4 is good value based on its Price-To-Earnings Ratio (10.5x) compared to the estimated Fair Price-To-Earnings Ratio (11.7x).

What is the Fair Price of LW4 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

LW4 (€3.9) is trading below our estimate of [[fair value]] (€11.47)

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

Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

Impax Asset Management Group (DB:LW4) - Stock Price, News & Analysis

LW4 Stock Overview

A publicly owned investment manager. More details

LW4 fundamental analysis
Snowflake Score
Valuation	5/6
Future Growth	2/6
Past Performance	3/6
Financial Health	6/6
Dividends	5/6

Rewards

Trading at 66% below our estimate of its fair value

Earnings are forecast to grow 2.52% per year

Trading at good value compared to peers and industry

Risk Analysis

Unstable dividend track record

Impax Asset Management Group Plc Competitors

MLP

XTRA:MLP

€640.5m

AURELIUS Equity Opportunities SE KGaA

HMSE:AR4

€390.6m

OVB Holding

XTRA:O4B

€282.2m

Deutsche Beteiligungs

XTRA:DBAN

€426.4m

Price History & Performance

Summary of all time highs, changes and price drops for Impax Asset Management Group
Historical stock prices
Current Share Price	UK£3.90
52 Week High	UK£6.50
52 Week Low	UK£3.76
Beta	1.63
11 Month Change	-9.72%
3 Month Change	-13.72%
1 Year Change	-20.73%
33 Year Change	-75.93%
5 Year Change	n/a
Change since IPO	-29.86%

Recent updates

Shareholder Returns

	LW4	DE Capital Markets	DE Market
7D	-3.0%	-0.7%	0.8%
1Y	-20.7%	27.0%	9.1%

Return vs Industry: LW4 underperformed the German Capital Markets industry which returned 26.5% over the past year.

Return vs Market: LW4 underperformed the German Market which returned 8.5% over the past year.

Price Volatility

Is LW4's price volatile compared to industry and market?
LW4 volatility
LW4 Average Weekly Movement	5.7%
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: LW4 has not had significant price volatility in the past 3 months compared to the German market.

Volatility Over Time: LW4's weekly volatility (6%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
n/a	306	Ian Simm	www.impaxam.com

Impax Asset Management Group Plc is a publicly owned investment manager. Through its subsidiaries, it provides investment services to funds specializing in the environmental markets sector, with a focus on alternative energy, water, and waste sectors, primarily in the United Kingdom. It manages a range of funds and segregated accounts on behalf of institutional and private investors.

Impax Asset Management Group Plc Fundamentals Summary

How do Impax Asset Management Group's earnings and revenue compare to its market cap?
LW4 fundamental statistics
Market cap	€511.00m
Earnings (TTM)	€48.69m
Revenue (TTM)	€211.41m

10.5x

P/E Ratio

2.4x

P/S Ratio

Is LW4 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
LW4 income statement (TTM)
Revenue	UK£176.56m
Cost of Revenue	UK£92.13m
Gross Profit	UK£84.43m
Other Expenses	UK£43.76m
Earnings	UK£40.67m

Last Reported Earnings

Mar 31, 2024

Next Earnings Date

Nov 28, 2024

Earnings per share (EPS)	0.32
Gross Margin	47.82%
Net Profit Margin	23.03%
Debt/Equity Ratio	0%

How did LW4 perform over the long term?

See historical performance and comparison

Dividends

8.3%

Current Dividend Yield

87%

Payout Ratio

LW4 Stock Overview

Rewards

Risk Analysis

Impax Asset Management Group Plc Competitors

XTRA:MLP

€640.5m

HMSE:AR4

€390.6m

XTRA:O4B

€282.2m

XTRA:DBAN

€426.4m

Price History & Performance

Recent News & Updates

Impax Asset Management Group Plc to Report Fiscal Year 2024 Results on Nov 28, 2024

Impax Asset Management Group plc Announces Board Changes

Impax Asset Management Group plc Announces the Appointments of Senior Portfolio Managers

First half dividend of UK£0.047 announced

Impax Asset Management Group Plc to Report First Half, 2024 Results on May 29, 2024

Less than half of directors are independent

Recent updates

Impax Asset Management Group Plc to Report Fiscal Year 2024 Results on Nov 28, 2024

Impax Asset Management Group plc Announces Board Changes

Impax Asset Management Group plc Announces the Appointments of Senior Portfolio Managers

First half dividend of UK£0.047 announced

Impax Asset Management Group Plc to Report First Half, 2024 Results on May 29, 2024

Less than half of directors are independent

Impax Asset Management Group Plc Appoints Lyle Logan as Non-Executive Director and Member of Audit & Risk and Remuneration Committees

Founder recently sold €102k worth of stock

Upcoming dividend of UK£0.23 per share at 5.1% yield

Full year 2023 earnings released: EPS: UK£0.30 (vs UK£0.46 in FY 2022)

Impax Asset Management Group Plc, Annual General Meeting, Mar 12, 2024

Impax Asset Management Group Plc to Report Fiscal Year 2023 Results on Nov 29, 2023

Investor sentiment improves as stock rises 25%

VERBUND AG acquired 38.4 MW Wind Portfolio in Germany's federal states of Hesse, North Rhine-Westphalia and Lower Saxony from a fund owned by investor Impax Asset Management Group Plc (LON:IPX).

Investor sentiment deteriorates as stock falls 16%

New major risk - Revenue and earnings growth

New minor risk - Share price stability

New major risk - Revenue and earnings growth

Upcoming dividend of UK£0.047 per share at 4.4% yield

Investor sentiment deteriorates as stock falls 16%

First half 2023 earnings released: EPS: UK£0.13 (vs UK£0.21 in 1H 2022)

Now 24% undervalued after recent price drop

Impax Asset Management Group plc to Report First Half, 2023 Results on May 31, 2023

Less than half of directors are independent

Upcoming dividend of UK£0.23 per share at 3.4% yield

Founder recently sold €159k worth of stock

Full year 2022 earnings released: EPS: UK£0.46 (vs UK£0.32 in FY 2021)

Impax Asset Management Group plc Announces Management Changes

Impax Asset Management Group plc, Annual General Meeting, Mar 16, 2023

Sonnedix Power Holdings Limited acquired 36-MWp solar photovoltaic from Impax Asset Management Group plc (AIM:IPX).

Investor sentiment improved over the past week

Now 20% undervalued after recent price drop

Investor sentiment deteriorated over the past week

Investor sentiment improved over the past week

Impax Asset Management Group plc Announces the Appointment of Annette Wilson as Non-Executive Director, Effective 28 June 2022

Investor sentiment deteriorated over the past week

Upcoming dividend of UK£0.047 per share

First half 2022 earnings released

Impax Asset Management Group plc Declares Interim Dividend, Payable on 22 July 2022

Investor sentiment deteriorated over the past week

Impax Asset Management Group plc to Report First Half, 2022 Results on Jun 01, 2022

Impax Asset Management Group plc Announces Final Dividend

Impax Asset Management Group plc Announces Final Dividend

Investor sentiment deteriorated over the past week

Senior Independent Director recently bought €68k worth of stock

Upcoming dividend of UK£0.17 per share

Founder recently sold €315k worth of stock

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat

Upcoming dividend of UK£0.036 per share

First half 2021 earnings released: EPS UK£0.11 (vs UK£0.048 in 1H 2020)

Impax Asset Management Group plc (AIM:IPX) acquired remaining 16.7% stake in Impax Asset Management LLC for $3.3 million.

Encavis Infrastructure III fund managed by Encavis Asset Management AG acquired 110-MWp solar park in Netherlands from Impax Asset Management Group plc (AIM:IPX).

Impax Asset Management Group plc Hired Sean Maguire as A Managing Director

Founder recently sold €155k worth of stock

Impax Asset Management Group plc, Annual General Meeting, Mar 18, 2021

Investor sentiment improved over the past week

Impax Asset Management Group plc Announces Executive Changes

Full year 2020 earnings released: EPS UK£0.11

Revenue beats expectations