LSE:IHP

Stock Analysis Report

Executive Summary

IntegraFin Holdings plc, together with its subsidiaries, provides investment platform for UK financial advisers and their clients.

Snowflake

Fundamentals

Solid track record with reasonable growth potential.


Similar Companies

Share Price & News

How has IntegraFin Holdings's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

4.7%

IHP

1.1%

GB Capital Markets

1.7%

GB Market


1 Year Return

13.6%

IHP

19.7%

GB Capital Markets

2.9%

GB Market

Return vs Industry: IHP underperformed the UK Capital Markets industry which returned 19.7% over the past year.

Return vs Market: IHP exceeded the UK Market which returned 2.9% over the past year.


Shareholder returns

IHPIndustryMarket
7 Day4.7%1.1%1.7%
30 Day-7.5%-2.8%-0.7%
90 Day-3.9%2.9%-1.8%
1 Year17.0%13.6%22.6%19.7%8.0%2.9%
3 Yearn/a78.1%65.5%18.2%3.8%
5 Yearn/a147.4%118.1%35.6%6.1%

Price Volatility Vs. Market

How volatile is IntegraFin Holdings's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is IntegraFin Holdings undervalued compared to its fair value and its price relative to the market?

33.4x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Undervalued: IHP (£3.68) is trading above our estimate of fair value (£2.65)

Significantly Undervalued: IHP is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: IHP is poor value based on its PE Ratio (33.4x) compared to the Capital Markets industry average (18.7x).

PE vs Market: IHP is poor value based on its PE Ratio (33.4x) compared to the UK market (16.7x).


Price to Earnings Growth Ratio

Low PEG Ratio: IHP is poor value based on its PEG Ratio (2.4x)


Price to Book Ratio

PB vs Industry: IHP is overvalued based on its PB Ratio (12x) compared to the GB Capital Markets industry average (1.4x).


Next Steps

Future Growth

How is IntegraFin Holdings forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?

13.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: IHP's forecast earnings growth (13.8% per year) is above the savings rate (1.2%).

Earnings vs Market: IHP's earnings (13.8% per year) are forecast to grow faster than the UK market (12.9% per year).

High Growth Earnings: IHP's earnings are forecast to grow, but not significantly.

Revenue vs Market: IHP's revenue (10.1% per year) is forecast to grow faster than the UK market (3.9% per year).

High Growth Revenue: IHP's revenue (10.1% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: IHP's Return on Equity is forecast to be high in 3 years time (34.3%)


Next Steps

Past Performance

How has IntegraFin Holdings performed over the past 5 years?

18.9%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: IHP's earnings have grown by 18.9% per year over the past 5 years.

Accelerating Growth: IHP's earnings growth over the past year (19.5%) exceeds its 5-year average (18.9% per year).

Earnings vs Industry: IHP earnings growth over the past year (19.5%) exceeded the Capital Markets industry 4.6%.


Return on Equity

High ROE: IHP's Return on Equity (35.8%) is considered high.


Return on Assets

ROA vs Industry: IHP's Return on Assets is below or equal to the Capital Markets industry average last year.


Return on Capital Employed

ROCE Improving: IHP has significantly improved its Return on Capital Employed over the past 3 years.


Next Steps

Financial Health

How is IntegraFin Holdings's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Inventory Level: IHP has a low level of unsold assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if IHP's debt is covered by short term assets.


Financial Institutions Analysis

Asset Level: IHP's level of assets compared to its equity is very high.

Allowance for Bad Loans: Insufficient data to determine if IHP has a sufficient allowance for bad loans.

Low Risk Liabilities: IHP reports no customer deposits, loans are made up entirely of externally borrowed funds.

Loan Level: Insufficient data to determine if IHP has an acceptable proportion of non-loan assets held.

Low Risk Deposits: IHP has advanced significantly more loans than the customer deposits it holds.

Level of Bad Loans: Insufficient data to determine if IHP has an appropriate level of bad loans.


Next Steps

Dividend

What is IntegraFin Holdings's current dividend yield, its reliability and sustainability?

1.41%

Current Dividend Yield


Dividend Yield vs Market

company1.4%marketbottom25%2.0%markettop25%5.4%industryaverage2.1%forecastin3Years2.7%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: IHP's dividend (1.41%) isn’t notable compared to the bottom 25% of dividend payers in the UK market (1.99%).

High Dividend: IHP's dividend (1.41%) is low compared to the top 25% of dividend payers in the UK market (5.41%).

Stable Dividend: Too early to tell whether IHP's dividend payments have been stable as they only just started paying a dividend.

Growing Dividend: Too early to tell if IHP's dividend payments are increasing as they only just started paying a dividend.


Current Payout to Shareholders

Dividend Coverage: At its current payout ratio (81.7%), IHP's payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: IHP's dividends in 3 years are forecast to be covered by earnings (74% payout ratio).


Next Steps

Management

What is the CEO of IntegraFin Holdings's salary, the management and board of directors tenure and is there insider trading?

8.9yrs

Average management tenure


CEO

Ian Taylor (55yo)

17.5yrs

Tenure

UK£769,407

Compensation

Mr. Ian Anthony Taylor co-founded the IntegraFin Holdings Ltd in April 1999 and has been its Chief Executive Officer since April 2002 and its Director since 24 January 2014. Mr Taylor has 30 years’ experie ...


CEO Compensation Analysis

Compensation vs. Market: Insufficient data to establish whether Ian's total compensation is reasonable compared to companies of similar size in the UK market.

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


Management Age and Tenure

8.9yrs

Average Tenure

56yo

Average Age

Experienced Management: IHP's management team is seasoned and experienced (8.9 years average tenure).


Board Age and Tenure

4.2yrs

Average Tenure

60yo

Average Age

Experienced Board: IHP's board of directors are considered experienced (4.2 years average tenure).


Insider Trading

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


Recent Insider Transactions

SellUK£39,45023 Sep 19
Jonathan Gunby
EntityIndividual
Role
Senior Key Executive
Chief Development Officer
Shares10,000
Max PriceUK£3.95
SellUK£839,00519 Sep 19
Judith Davidson
EntityIndividual
Role
Chief Operating Officer
Chief Operating Officer
Shares210,000
Max PriceUK£4.02
SellUK£118,10518 Sep 19
Judith Davidson
EntityIndividual
Role
Chief Operating Officer
Chief Operating Officer
Shares30,000
Max PriceUK£3.95
SellUK£386,40918 Sep 19
David Johnson
EntityIndividual
Role
Chief Legal Officer
Group Counsel
Shares97,578
Max PriceUK£3.96
SellUK£66,23822 Aug 19
Jonathan Gunby
EntityIndividual
Role
Senior Key Executive
Chief Development Officer
Shares17,500
Max PriceUK£3.79
SellUK£95,43705 Aug 19
Jonathan Gunby
EntityIndividual
Role
Senior Key Executive
Chief Development Officer
Shares25,000
Max PriceUK£3.82
SellUK£95,87501 Aug 19
Jonathan Gunby
EntityIndividual
Role
Senior Key Executive
Chief Development Officer
Shares25,000
Max PriceUK£3.84
SellUK£114,90025 Jul 19
Jonathan Gunby
EntityIndividual
Role
Senior Key Executive
Chief Development Officer
Shares30,000
Max PriceUK£3.83
SellUK£56,73001 Jul 19
Jonathan Gunby
EntityIndividual
Role
Senior Key Executive
Chief Development Officer
Shares15,000
Max PriceUK£3.78
SellUK£56,56526 Jun 19
Jonathan Gunby
EntityIndividual
Role
Senior Key Executive
Chief Development Officer
Shares15,000
Max PriceUK£3.77
SellUK£56,83521 Jun 19
Jonathan Gunby
EntityIndividual
Role
Senior Key Executive
Chief Development Officer
Shares15,000
Max PriceUK£3.79
SellUK£109,75012 Jun 19
Jonathan Gunby
EntityIndividual
Role
Senior Key Executive
Chief Development Officer
Shares28,069
Max PriceUK£3.91
SellUK£241,58723 May 19
Judith Davidson
EntityIndividual
Role
Chief Operating Officer
Chief Operating Officer
Shares60,000
Max PriceUK£4.04

Ownership Breakdown


Management Team

  • Ian Taylor (55yo)

    CEO & Director

    • Tenure: 17.5yrs
    • Compensation: UK£769.41k
  • Michael Howard (60yo)

    Executive Director

    • Tenure: 5.7yrs
  • Alexander Scott (48yo)

    CFO & Director

    • Tenure: 5.7yrs
    • Compensation: UK£445.50k
  • Judith Davidson (57yo)

    Chief Operating Officer

    • Tenure: 8.9yrs
  • Jonathan Gunby (59yo)

    Chief Development Officer

    • Tenure: 7.8yrs
  • David Johnson (55yo)

    Group Counsel

    • Tenure: 10.9yrs
  • Helen Wakeford

    Company Secretary

    • Tenure: 0.5yrs

Board Members

  • Richard Cranfield

    • Tenure: 0yrs
  • Ian Taylor (55yo)

    CEO & Director

    • Tenure: 17.5yrs
    • Compensation: UK£769.41k
  • Michael Howard (60yo)

    Executive Director

    • Tenure: 5.7yrs
  • Caroline Banszky (65yo)

    Independent Non-Executive Director

    • Tenure: 1.2yrs
    • Compensation: UK£7.00k
  • Christopher Munro (69yo)

    Independent Non-Executive Director

    • Tenure: 2.7yrs
    • Compensation: UK£57.00k
  • Neil Holden (60yo)

    Independent Non-Executive Director

    • Tenure: 5.7yrs
    • Compensation: UK£52.00k
  • Victoria Cochrane

    Senior Independent Director

    • Tenure: 1.1yrs
  • Alexander Scott (48yo)

    CFO & Director

    • Tenure: 5.7yrs
    • Compensation: UK£445.50k
  • Robert Lister

    Independent Non-Executive Director

    • Tenure: 0.3yrs

Company Information

IntegraFin Holdings plc's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: IntegraFin Holdings plc
  • Ticker: IHP
  • Exchange: LSE
  • Founded: 1999
  • Industry: Financial Exchanges and Data
  • Sector: Diversified Financials
  • Market Cap: UK£1.219b
  • Shares outstanding: 331.32m
  • Website: https://www.integrafin.co.uk

Number of Employees


Location

  • IntegraFin Holdings plc
  • 29 Clement's Lane
  • London
  • Greater London
  • EC4N 7AE
  • United Kingdom

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
IHPLSE (London Stock Exchange)YesOrdinary SharesGBGBPFeb 2018
IHPLBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBGBPFeb 2018
84NDB (Deutsche Boerse AG)YesOrdinary SharesDEEURFeb 2018

Biography

IntegraFin Holdings plc, together with its subsidiaries, provides investment platform for UK financial advisers and their clients. The company operates Transact platform, which offers asset custody, transa ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/17 21:45
End of Day Share Price2019/10/17 00:00
Earnings2019/03/31
Annual Earnings2018/09/30


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.