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IPX

Impax Asset Management GroupAIM:IPX Stock Report

Market Cap

UK£1.4b

7D

-8.3%

1Y

127.7%

Updated

28 Sep, 2021

Data

Company Financials +
IPX fundamental analysis
Snowflake Score
Valuation0/6
Future Growth5/6
Past Performance6/6
Financial Health6/6
Dividends3/6

IPX Overview

Impax Asset Management Group plc is a publicly owned investment manager.

Rewards

Earnings are forecast to grow 38.23% per year

Earnings grew by 58.2% over the past year

Risk Analysis

No risks detected for IPX from our risk checks.

Impax Asset Management Group Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Impax Asset Management Group
Historical stock prices
Current Share PriceUK£11.00
52 Week HighUK£4.83
52 Week LowUK£13.30
Beta1.32
1 Month Change-7.25%
3 Month Change-1.79%
1 Year Change127.74%
3 Year Change309.68%
5 Year Change2,179.79%
Change since IPO2,078.22%

Recent News & Updates

Shareholder Returns

IPXGB Capital MarketsGB Market
7D-8.3%-1.1%1.6%
1Y127.7%10.5%21.7%

Return vs Industry: IPX exceeded the UK Capital Markets industry which returned 10.5% over the past year.

Return vs Market: IPX exceeded the UK Market which returned 21.7% over the past year.

Price Volatility

Is IPX's price volatile compared to industry and market?
IPX volatility
IPX Beta1.32
Industry Beta0.79
Market Beta1

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

FoundedEmployeesCEOWebsite
1998190Ian Simmhttps://www.impax.co.uk

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

How do Impax Asset Management Group's earnings and revenue compare to its market cap?
IPX fundamental statistics
Market CapUK£1.42b
Earnings (TTM)UK£21.25m
Revenue (TTM)UK£106.91m

63.8x

P/E Ratio

12.7x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
IPX income statement (TTM)
RevenueUK£106.91m
Cost of RevenueUK£64.84m
Gross ProfitUK£42.07m
ExpensesUK£20.82m
EarningsUK£21.25m

Last Reported Earnings

Mar 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.17
Gross Margin39.35%
Net Profit Margin19.88%
Debt/Equity Ratio0%

How did IPX perform over the long term?

See historical performance and comparison

Dividends

0.9%

Current Dividend Yield

62%

Payout Ratio

Valuation

Is Impax Asset Management Group undervalued compared to its fair value and its price relative to the market?

63.8x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: IPX (£11) 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 (63.8x) compared to the UK Capital Markets industry average (13.4x).

PE vs Market: IPX is poor value based on its PE Ratio (63.8x) compared to the UK market (23.3x).


Price to Earnings Growth Ratio

PEG Ratio: IPX is poor value based on its PEG Ratio (1.7x)


Price to Book Ratio

PB vs Industry: IPX is overvalued based on its PB Ratio (16.7x) compared to the GB Capital Markets industry average (1.8x).


Future Growth

How is Impax Asset Management Group forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

38.2%

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% 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%).


Past Performance

How has Impax Asset Management Group performed over the past 5 years?

29.4%

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.


Financial Health

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.


Balance Sheet


Dividend

What is Impax Asset Management Group current dividend yield, its reliability and sustainability?

0.95%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: IPX's dividend (0.95%) isn’t notable compared to the bottom 25% of dividend payers in the UK market (1.35%).

High Dividend: IPX's dividend (0.95%) is low compared to the top 25% of dividend payers in the UK market (3.95%).


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).


Next Steps

Management

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

7.5yrs

Average management tenure


CEO

Ian Simm (54 yo)

16.08yrs

Tenure

UK£1,405,561

Compensation

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 ($USD1.90M) is above average for companies of similar size in the UK market ($USD1.37M).

Compensation vs Earnings: Ian's compensation has increased by more than 20% in the past year.


Leadership Team

Experienced Management: IPX's management team is seasoned and experienced (7.5 years average tenure).


Board Members

Experienced Board: IPX's board of directors are considered experienced (3.3 years average tenure).


Ownership

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

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Impax Asset Management Group plc's employee growth, exchange listings and data sources


Key Information

  • 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


Location

  • Impax Asset Management Group plc
  • 30 Panton Street
  • 7th floor
  • London
  • Greater London
  • SW1Y 4AJ
  • United Kingdom

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/28 21:58
End of Day Share Price2021/09/28 00:00
Earnings2021/03/31
Annual Earnings2020/09/30


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.