Impax Asset Management Group plc is a publicly owned investment manager.
Impax Asset Management Group Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||UK£11.52|
|52 Week High||UK£4.83|
|52 Week Low||UK£13.30|
|1 Month Change||-2.87%|
|3 Month Change||1.05%|
|1 Year Change||130.86%|
|3 Year Change||356.24%|
|5 Year Change||2,300.00%|
|Change since IPO||2,181.19%|
Recent News & Updates
|IPX||GB Capital Markets||GB Market|
Return vs Industry: IPX exceeded the UK Capital Markets industry which returned 14.4% over the past year.
Return vs Market: IPX exceeded the UK Market which returned 23.4% over the past year.
Stable Share Price: IPX is not significantly more volatile than the rest of UK stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: IPX's weekly volatility (5%) has been stable over the past year.
About the Company
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 Fundamentals Summary
|IPX fundamental statistics|
Is IPX overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|IPX income statement (TTM)|
|Cost of Revenue||UK£64.84m|
Last Reported Earnings
Mar 31, 2021
Next Earnings Date
|Earnings per share (EPS)||0.17|
|Net Profit Margin||19.88%|
How did IPX perform over the long term?See historical performance and comparison
0.9%Current Dividend Yield
Is Impax Asset Management Group undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: IPX (£11.84) is trading above our estimate of fair value (£2.27)
Significantly Below Fair Value: IPX is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: IPX is poor value based on its PE Ratio (68.7x) compared to the UK Capital Markets industry average (13.6x).
PE vs Market: IPX is poor value based on its PE Ratio (68.7x) compared to the UK market (23.4x).
Price to Earnings Growth Ratio
PEG Ratio: IPX is poor value based on its PEG Ratio (1.8x)
Price to Book Ratio
PB vs Industry: IPX is overvalued based on its PB Ratio (18x) compared to the GB Capital Markets industry average (1.8x).
How is Impax Asset Management Group forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: IPX's forecast earnings growth (38.2% per year) is above the savings rate (0.9%).
Earnings vs Market: IPX's earnings (38.2% per year) are forecast to grow faster than the UK market (13.3% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: IPX's revenue (16.6% per year) is forecast to grow faster than the UK market (5.4% per year).
High Growth Revenue: IPX's revenue (16.6% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: IPX's Return on Equity is forecast to be very high in 3 years time (59.3%).
How has Impax Asset Management Group performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: IPX has high quality earnings.
Growing Profit Margin: IPX's current net profit margins (19.9%) are higher than last year (16.6%).
Past Earnings Growth Analysis
Earnings Trend: IPX's earnings have grown significantly by 29.4% per year over the past 5 years.
Accelerating Growth: IPX's earnings growth over the past year (58.2%) exceeds its 5-year average (29.4% per year).
Earnings vs Industry: IPX earnings growth over the past year (58.2%) exceeded the Capital Markets industry 54.7%.
Return on Equity
High ROE: IPX's Return on Equity (26.8%) is considered high.
How is Impax Asset Management Group's financial position?
Financial Position Analysis
Short Term Liabilities: IPX's short term assets (£73.1M) exceed its short term liabilities (£29.1M).
Long Term Liabilities: IPX's short term assets (£73.1M) exceed its long term liabilities (£8.8M).
Debt to Equity History and Analysis
Debt Level: IPX is debt free.
Reducing Debt: IPX had no debt 5 years ago.
Debt Coverage: IPX has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: IPX has no debt, therefore coverage of interest payments is not a concern.
What is Impax Asset Management Group current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: IPX's dividend (0.88%) isn’t notable compared to the bottom 25% of dividend payers in the UK market (1.34%).
High Dividend: IPX's dividend (0.88%) is low compared to the top 25% of dividend payers in the UK market (3.93%).
Stability and Growth of Payments
Stable Dividend: IPX's dividend payments have been volatile in the past 10 years.
Growing Dividend: IPX's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (61.6%), IPX's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: IPX's dividends in 3 years are forecast to be covered by earnings (66.3% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Ian Simm (54 yo)
Mr. Ian Richard Simm is the Founder and Chief Executive at Impax Asset Management Group plc since August 19, 2005 and has been its Managing Director, Portfolio Manager and Executive Director. Mr. Simm has...
CEO Compensation Analysis
Compensation vs Market: Ian's total compensation ($USD1.92M) is above average for companies of similar size in the UK market ($USD1.36M).
Compensation vs Earnings: Ian's compensation has increased by more than 20% in the past year.
Experienced Management: IPX's management team is seasoned and experienced (7.5 years average tenure).
Experienced Board: IPX's board of directors are considered experienced (3.3 years average tenure).
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.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Impax Asset Management Group plc's employee growth, exchange listings and data sources
- Name: Impax Asset Management Group plc
- Ticker: IPX
- Exchange: AIM
- Founded: 1998
- Industry: Asset Management and Custody Banks
- Sector: Diversified Financials
- Market Cap: UK£1.420b
- Shares outstanding: 123.24m
- Website: https://www.impax.co.uk
Number of Employees
- Impax Asset Management Group plc
- 30 Panton Street
- 7th floor
- Greater London
- SW1Y 4AJ
- United Kingdom
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/09/27 21:18|
|End of Day Share Price||2021/09/27 00:00|
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.