AIM:IGR

Stock Analysis Report

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Executive Summary

IG Design Group plc designs, manufactures, and distributes celebrations, stationery and creative play, gifting, and not for sale consumable products. More Details


Snowflake Analysis

Flawless balance sheet with acceptable track record.

Share Price & News

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


Latest Share Price and Events

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


Market Performance


7 Day Return

4.1%

IGR

6.7%

GB Consumer Durables

1.1%

GB Market


1 Year Return

-27.4%

IGR

-19.1%

GB Consumer Durables

-15.4%

GB Market

Return vs Industry: IGR underperformed the UK Consumer Durables industry which returned -18.3% over the past year.

Return vs Market: IGR underperformed the UK Market which returned -15.5% over the past year.


Shareholder returns

IGRIndustryMarket
7 Day4.1%6.7%1.1%
30 Day-3.5%-7.1%-2.2%
90 Day-9.3%-4.1%-3.0%
1 Year-27.1%-27.4%-16.9%-19.1%-12.2%-15.4%
3 Year27.4%23.4%-13.8%-25.8%-8.6%-19.5%
5 Year251.9%230.8%9.7%-15.3%16.0%-9.7%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

26.0%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: IGR (£4.4) is trading below our estimate of fair value (£5.95)

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


Price To Earnings Ratio

PE vs Industry: IGR is poor value based on its PE Ratio (25.9x) compared to the GB Consumer Durables industry average (12.6x).

PE vs Market: IGR is poor value based on its PE Ratio (25.9x) compared to the UK market (17.7x).


Price to Earnings Growth Ratio

PEG Ratio: IGR is poor value based on its PEG Ratio (1.2x)


Price to Book Ratio

PB vs Industry: IGR is overvalued based on its PB Ratio (1.4x) compared to the GB Consumer Durables industry average (1x).


Next Steps

Future Growth

How is IG Design Group forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

21.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: IGR's forecast earnings growth (21.1% per year) is above the savings rate (1.2%).

Earnings vs Market: IGR's earnings (21.1% per year) are forecast to grow slower than the UK market (24.2% per year).

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

Revenue vs Market: IGR's revenue (7% per year) is forecast to grow faster than the UK market (6.3% per year).

High Growth Revenue: IGR's revenue (7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if IGR's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has IG Design Group performed over the past 5 years?

17.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: IGR has a large one-off loss of £22.5M impacting its March 31 2020 financial results.

Growing Profit Margin: IGR's current net profit margins (2.8%) are higher than last year (2.7%).


Past Earnings Growth Analysis

Earnings Trend: IGR's earnings have grown by 17.8% per year over the past 5 years.

Accelerating Growth: IGR's earnings growth over the past year (17.7%) is below its 5-year average (17.8% per year).

Earnings vs Industry: IGR earnings growth over the past year (17.7%) exceeded the Consumer Durables industry -35.9%.


Return on Equity

High ROE: IGR's Return on Equity (4.9%) is considered low.


Next Steps

Financial Health

How is IG Design Group's financial position?


Financial Position Analysis

Short Term Liabilities: IGR's short term assets (£285.4M) exceed its short term liabilities (£182.5M).

Long Term Liabilities: IGR's short term assets (£285.4M) exceed its long term liabilities (£74.2M).


Debt to Equity History and Analysis

Debt Level: IGR's debt to equity ratio (8.2%) is considered satisfactory.

Reducing Debt: IGR's debt to equity ratio has reduced from 47.2% to 8.2% over the past 5 years.

Debt Coverage: IGR's debt is well covered by operating cash flow (76.6%).

Interest Coverage: IGR's interest payments on its debt are well covered by EBIT (6.8x coverage).


Balance Sheet


Next Steps

Dividend

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

1.99%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: IGR's dividend (1.99%) is higher than the bottom 25% of dividend payers in the UK market (1.83%).

High Dividend: IGR's dividend (1.99%) is low compared to the top 25% of dividend payers in the UK market (5.27%).


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, IGR has been paying a dividend for less than 10 years.

Growing Dividend: IGR's dividend payments have increased, but the company has only paid a dividend for 5 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (51.4%), IGR's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: IGR's dividends in 3 years are forecast to be well covered by earnings (34.8% payout ratio).


Next Steps

Management

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

7.2yrs

Average management tenure


CEO

Paul Fineman

11.67yrs

Tenure

UK£753,299

Compensation

Mr. Paul Elliott Fineman has been the Group Managing Director of IG Design Group Plc since January 2008 and has been its Group Chief Executive Officer since January 2009. Mr. Fineman serves as the Chief Ex ...


CEO Compensation Analysis

Compensation vs Market: Paul's total compensation ($USD968.69K) is about average for companies of similar size in the UK market ($USD917.27K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Paul Fineman
Group CEO11.67yrsUK£753.30kno data
Anders Hedlund
Founder & Non-Executive Deputy Chairman12.75yrsUK£97.76k0.00047%
£ 2.0k
Giles Willits
CFO & Director2.67yrsUK£531.76k0.097%
£ 411.7k
Lance Burn
Executive Director7.92yrsUK£294.61kno data
Joy Laws
Group General Counsel & Company Secretary2.25yrsno datano data

7.2yrs

Average Tenure

Experienced Management: IGR's management team is seasoned and experienced (7.2 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Paul Fineman
Group CEO11.67yrsUK£753.30kno data
Anders Hedlund
Founder & Non-Executive Deputy Chairman12.75yrsUK£97.76k0.00047%
£ 2.0k
Giles Willits
CFO & Director2.67yrsUK£531.76k0.097%
£ 411.7k
Lance Burn
Executive Director7.92yrsUK£294.61kno data
John Stuart Charlton
Independent Non-Executive Chairman9yrsUK£84.59k0.35%
£ 1.5m
Mark Tentori
Independent Non-Executive Director4.67yrsUK£42.30k0.012%
£ 48.9k
Elaine Bond
Independent Non-Executive Director8.58yrsUK£42.50k0.020%
£ 84.9k

8.6yrs

Average Tenure

56yo

Average Age

Experienced Board: IGR's board of directors are considered experienced (8.6 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: IGR insiders have only sold shares in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 22.6%.


Top Shareholders

Company Information

IG Design Group plc's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: IG Design Group plc
  • Ticker: IGR
  • Exchange: AIM
  • Founded: 1978
  • Industry: Housewares and Specialties
  • Sector: Consumer Durables
  • Market Cap: UK£423.878m
  • Shares outstanding: 96.34m
  • Website: https://www.thedesigngroup.com

Number of Employees


Location

  • IG Design Group plc
  • No 7, Water End Barns
  • Water End
  • Eversholt
  • Bedfordshire
  • MK17 9EA
  • United Kingdom

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
IGRAIM (London Stock Exchange AIM Market)YesOrdinary SharesGBGBPOct 1995

Biography

IG Design Group plc designs, manufactures, and distributes celebrations, stationery and creative play, gifting, and not for sale consumable products. Its celebrations products include greetings cards, Chri ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/09/29 21:47
End of Day Share Price2020/09/29 00:00
Earnings2020/03/31
Annual Earnings2020/03/31


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.