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International Personal Finance

LSE:IPF
Snowflake Description

6 star dividend payer and good value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
IPF
LSE
£446M
Market Cap
  1. Home
  2. GB
  3. Diversified Financials
Company description

International Personal Finance plc, together with its subsidiaries, provides consumer credit products in Northern Europe, Lithuania, Slovakia, Mexico, Southern Europe, and Australia. The last earnings update was 29 days ago. More info.


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IPF Share Price and Events
7 Day Returns
-0.4%
LSE:IPF
0.4%
GB Consumer Finance
1.9%
GB Market
1 Year Returns
-20.3%
LSE:IPF
-23.4%
GB Consumer Finance
2.5%
GB Market
IPF Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
International Personal Finance (IPF) -0.4% 8.4% -7.9% -20.3% -28.2% -63.4%
GB Consumer Finance 0.4% 2.3% -3.2% -23.4% -70% -61.5%
GB Market 1.9% 3% 7.9% 2.5% 15.6% 6.8%
1 Year Return vs Industry and Market
  • IPF outperformed the Consumer Finance industry which returned -23.4% over the past year.
  • IPF underperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned 2.5% over the past year.
Price Volatility
IPF
Industry
5yr Volatility vs Market

IPF Value

 Is International Personal Finance undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of International Personal Finance to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for International Personal Finance.

LSE:IPF Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= £1.93 * 14.6%
£0.28
Book Value of Equity per Share Median Book Value from the past 5 years. £1.93
Discount Rate (Cost of Equity) See below 10.4%
Perpetual Growth Rate 10-Year GB Government Bond Rate 1.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for LSE:IPF
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GB Govt Bond Rate 1.2%
Equity Risk Premium S&P Global 6.7%
Consumer Finance Unlevered Beta Simply Wall St/ S&P Global 0.69
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.686 (1 + (1- 19%) (156.83%))
1.374
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.37
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.23% + (1.374 * 6.65%)
10.36%

Discounted Cash Flow Calculation for LSE:IPF using Excess Returns Model Model

The calculations below outline how an intrinsic value for International Personal Finance is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

LSE:IPF Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (14.6% – 10.36%) * £1.93)
£0.08
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= £0.08 / (10.36% - 1.23%)
£0.89
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= £1.93 + £0.89
£2.82
LSE:IPF Discount to Share Price
Calculation Result
Value per share (GBP) From above. £2.82
Current discount Discount to share price of £2.00
= -1 x (£2.00 - £2.82) / £2.82
29.3%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price International Personal Finance is available for.
Intrinsic value
29%
Share price is £2 vs Future cash flow value of £2.82
Current Discount Checks
For International Personal Finance to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • International Personal Finance's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • International Personal Finance's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for International Personal Finance's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are International Personal Finance's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
LSE:IPF PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in GBP £0.34
LSE:IPF Share Price ** LSE (2019-04-18) in GBP £2
United Kingdom of Great Britain and Northern Ireland Consumer Finance Industry PE Ratio Median Figure of 12 Publicly-Listed Consumer Finance Companies 12.42x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 796 Publicly-Listed Companies 16.29x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of International Personal Finance.

LSE:IPF PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= LSE:IPF Share Price ÷ EPS (both in GBP)

= 2 ÷ 0.34

5.9x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • International Personal Finance is good value based on earnings compared to the GB Consumer Finance industry average.
  • International Personal Finance is good value based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does International Personal Finance's expected growth come at a high price?
Raw Data
LSE:IPF PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 5.9x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
-1.7%per year
United Kingdom of Great Britain and Northern Ireland Consumer Finance Industry PEG Ratio Median Figure of 7 Publicly-Listed Consumer Finance Companies 0.66x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 563 Publicly-Listed Companies 1.47x

*Line of best fit is calculated by linear regression .

LSE:IPF PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 5.9x ÷ -1.7%

-3.38x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • International Personal Finance earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on International Personal Finance's assets?
Raw Data
LSE:IPF PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in GBP £1.94
LSE:IPF Share Price * LSE (2019-04-18) in GBP £2
United Kingdom of Great Britain and Northern Ireland Consumer Finance Industry PB Ratio Median Figure of 14 Publicly-Listed Consumer Finance Companies 1.71x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,365 Publicly-Listed Companies 1.51x
LSE:IPF PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= LSE:IPF Share Price ÷ Book Value per Share (both in GBP)

= 2 ÷ 1.94

1.03x

* Primary Listing of International Personal Finance.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • International Personal Finance is good value based on assets compared to the GB Consumer Finance industry average.
X
Value checks
We assess International Personal Finance's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Consumer Finance industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Consumer Finance industry average (and greater than 0)? (1 check)
  5. International Personal Finance has a total score of 4/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

IPF Future Performance

 How is International Personal Finance expected to perform in the next 1 to 3 years based on estimates from 3 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-1.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is International Personal Finance expected to grow at an attractive rate?
  • International Personal Finance's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 1.2%.
Growth vs Market Checks
  • International Personal Finance's earnings are expected to decrease over the next 1-3 years, this is below the United Kingdom of Great Britain and Northern Ireland market average.
  • International Personal Finance's revenue growth is expected to exceed the United Kingdom of Great Britain and Northern Ireland market average.
Annual Growth Rates Comparison
Raw Data
LSE:IPF Future Growth Rates Data Sources
Data Point Source Value (per year)
LSE:IPF Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts -1.7%
LSE:IPF Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 7.3%
United Kingdom of Great Britain and Northern Ireland Consumer Finance Industry Earnings Growth Rate Market Cap Weighted Average 23.8%
United Kingdom of Great Britain and Northern Ireland Consumer Finance Industry Revenue Growth Rate Market Cap Weighted Average 13.2%
United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate Market Cap Weighted Average 10.9%
United Kingdom of Great Britain and Northern Ireland Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
LSE:IPF Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in GBP Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
LSE:IPF Future Estimates Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 1,096 1
2020-12-31 989 74 73 3
2019-12-31 910 72 65 3
LSE:IPF Past Financials Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income *
2018-12-31 866 60 75
2018-09-30 855 58 64
2018-06-30 844 56 52
2018-03-31 835 24 49
2017-12-31 826 -8 45
2017-09-30 816 -1 58
2017-06-30 796 6 77
2017-03-31 776 14 74
2016-12-31 757 22 71
2016-09-30 742 20 65
2016-06-30 724 19 60
2016-03-31 730 21 61

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • International Personal Finance's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • International Personal Finance's revenue is expected to grow by 7.3% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
LSE:IPF Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below

All data from International Personal Finance Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

LSE:IPF Future Estimates Data
Date (Data in GBP Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31
2020-12-31 0.31 0.31 0.31 1.00
2019-12-31 0.28 0.28 0.28 1.00
LSE:IPF Past Financials Data
Date (Data in GBP Millions) EPS *
2018-12-31 0.34
2018-09-30 0.29
2018-06-30 0.23
2018-03-31 0.22
2017-12-31 0.20
2017-09-30 0.26
2017-06-30 0.35
2017-03-31 0.33
2016-12-31 0.32
2016-09-30 0.29
2016-06-30 0.27
2016-03-31 0.27

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • International Personal Finance is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess International Personal Finance's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United Kingdom of Great Britain and Northern Ireland market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United Kingdom of Great Britain and Northern Ireland market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
International Personal Finance has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

IPF Past Performance

  How has International Personal Finance performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare International Personal Finance's growth in the last year to its industry (Consumer Finance).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • International Personal Finance's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • International Personal Finance's 1-year earnings growth exceeds its 5-year average (67.6% vs -7.2%)
  • International Personal Finance's earnings growth has exceeded the GB Consumer Finance industry average in the past year (67.6% vs 19.9%).
Earnings and Revenue History
International Personal Finance's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from International Personal Finance Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

LSE:IPF Past Revenue, Cash Flow and Net Income Data
Date (Data in GBP Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 866.40 75.40 330.80
2018-09-30 855.15 63.80 335.00
2018-06-30 843.90 52.20 339.20
2018-03-31 834.85 48.60 333.95
2017-12-31 825.80 45.00 328.70
2017-09-30 815.70 57.70 321.90
2017-06-30 796.10 77.20 306.90
2017-03-31 776.45 74.20 303.45
2016-12-31 756.80 71.20 300.00
2016-09-30 742.25 64.55 291.90
2016-06-30 724.00 59.70 281.00
2016-03-31 729.70 61.10 276.50
2015-12-31 735.40 62.50 272.00
2015-09-30 748.70 72.70 274.25
2015-06-30 762.00 82.90 276.50
2015-03-31 772.60 77.35 275.45
2014-12-31 783.20 71.80 274.40
2014-09-30 781.90 71.65 274.15
2014-06-30 780.60 71.50 273.90
2014-03-31 763.70 83.55 271.25
2013-12-31 746.80 95.60 268.60
2013-09-30 721.40 95.50 260.30
2013-06-30 696.00 95.40 252.00
2013-03-31 673.85 84.75 245.25
2012-12-31 651.70 74.10 238.50
2012-09-30 645.25 73.45 238.60
2012-06-30 638.80 72.80 238.70

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • International Personal Finance has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • International Personal Finance used its assets more efficiently than the GB Consumer Finance industry average last year based on Return on Assets.
  • International Personal Finance's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess International Personal Finance's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Consumer Finance industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
International Personal Finance has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

IPF Health

 How is International Personal Finance's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up International Personal Finance's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • International Personal Finance is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • International Personal Finance's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of International Personal Finance's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 1.5x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from International Personal Finance Company Filings, last reported 3 months ago.

LSE:IPF Past Debt and Equity Data
Date (Data in GBP Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 433.00 698.90 46.60
2018-09-30 433.00 698.90 46.60
2018-06-30 386.60 650.70 33.60
2018-03-31 386.60 650.70 33.60
2017-12-31 496.90 678.30 27.40
2017-09-30 496.90 677.70 37.80
2017-06-30 477.00 684.30 32.30
2017-03-31 477.00 684.30 32.30
2016-12-31 429.50 623.60 43.70
2016-09-30 429.50 623.60 43.70
2016-06-30 381.20 602.40 42.10
2016-03-31 381.20 602.40 42.10
2015-12-31 327.20 558.10 39.90
2015-09-30 327.20 558.10 39.90
2015-06-30 345.80 512.70 51.70
2015-03-31 345.80 512.70 51.70
2014-12-31 361.60 478.30 68.80
2014-09-30 361.60 478.30 68.80
2014-06-30 369.10 480.60 80.10
2014-03-31 369.10 480.60 80.10
2013-12-31 393.90 401.00 24.60
2013-09-30 393.90 401.00 24.60
2013-06-30 404.40 334.00 63.10
2013-03-31 404.40 334.00 63.10
2012-12-31 375.80 311.60 24.20
2012-09-30 375.80 311.60 24.20
2012-06-30 333.90 249.70 19.50
  • International Personal Finance's level of debt (161.4%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (102.1% vs 161.4% today).
  • Debt is not well covered by operating cash flow (8.6%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 3x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess International Personal Finance's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. International Personal Finance has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

IPF Dividends

 What is International Personal Finance's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
6.21%
Current annual income from International Personal Finance dividends. Estimated to be 6.41% next year.
If you bought £2,000 of International Personal Finance shares you are expected to receive £124 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • International Personal Finance's pays a higher dividend yield than the bottom 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (2.02%).
  • International Personal Finance's dividend is above the markets top 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (5.19%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
LSE:IPF Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
United Kingdom of Great Britain and Northern Ireland Consumer Finance Industry Average Dividend Yield Market Cap Weighted Average of 11 Stocks 3.2%
United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield Market Cap Weighted Average of 705 Stocks 4.2%
United Kingdom of Great Britain and Northern Ireland Minimum Threshold Dividend Yield 10th Percentile 1%
United Kingdom of Great Britain and Northern Ireland Bottom 25% Dividend Yield 25th Percentile 2%
United Kingdom of Great Britain and Northern Ireland Top 25% Dividend Yield 75th Percentile 5.2%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

LSE:IPF Future Dividends Estimate Data
Date (Data in £) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.14 2.00
2020-12-31 0.13 4.00
2019-12-31 0.13 4.00
LSE:IPF Past Annualized Dividends Data
Date (Data in £) Dividend per share (annual) Avg. Yield (%)
2018-03-01 0.124 5.824
2017-03-23 0.124 6.676
2017-03-01 0.124 7.390
2016-03-16 0.124 5.074
2015-02-26 0.120 3.274
2014-02-26 0.093 1.839
2013-07-30 0.083 1.466
2013-03-06 0.077 1.565
2012-02-29 0.071 2.388
2011-07-20 0.067 3.121
2011-03-25 0.063 1.778
2011-03-02 0.063 1.961
2010-03-17 0.057 2.135
2010-03-03 0.057 2.522
2009-04-20 0.057 4.224

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of International Personal Finance's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.7x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.6x coverage).
X
Income/ dividend checks
We assess International Personal Finance's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can International Personal Finance afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. International Personal Finance has a total score of 6/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

IPF Management

 What is the CEO of International Personal Finance's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Gerard Ryan
COMPENSATION £1,158,000
AGE 53
TENURE AS CEO 7 years
CEO Bio

Mr. Gerard Jude Ryan has been the Chief Executive Officer of International Personal Finance Plc since April 1, 2012. Mr. Ryan served as the Chief Financial Officer of Garanti Bank, Turkey. He served as the Chief Executive Officer of GE Money Bank, Prague and Citi’s consumer finance businesses in the Western Europe, Middle East and Africa region. He has been a Director of International Personal Finance Plc since January 17, 2012. He served as a Director of Citi International plc, Egg plc. and Morgan Stanley Smith Barney UK. He has over 25 years’ multi-country experience in consumer financial services. Mr. Ryan was an Auditor at KPMG. Mr. Ryan qualified at Touche Ross. Mr. Ryan is a Fellow of the Institute of Chartered Accountants in Ireland.

CEO Compensation
  • Gerard's compensation has been consistent with company performance over the past year.
  • Gerard's remuneration is higher than average for companies of similar size in United Kingdom of Great Britain and Northern Ireland.
Management Team Tenure

Average tenure and age of the International Personal Finance management team in years:

3.1
Average Tenure
53
Average Age
  • The tenure for the International Personal Finance management team is about average.
Management Team

Gerard Ryan

TITLE
CEO & Executive Director
COMPENSATION
£1M
AGE
53
TENURE
7 yrs

Justin Lockwood

TITLE
CFO & Executive Director
COMPENSATION
£609K
AGE
48
TENURE
2.6 yrs

Chris Robinson

TITLE
Chief Information Officer
TENURE
3.1 yrs

Rachel Moran

TITLE
Investor Relations Manager

James Ormrod

TITLE
Chief Legal Officer & Company Secretary
TENURE
1.8 yrs

Gergely Mikola

TITLE
Group Corporate Affairs Director

Hamilton-Scott Lyndsey

TITLE
Group HR Director

Nick Dahlgreen

TITLE
Group Treasurer

Craig Shannon

TITLE
Executive Officer
COMPENSATION
£189K
AGE
54
TENURE
8.7 yrs
Board of Directors Tenure

Average tenure and age of the International Personal Finance board of directors in years:

4
Average Tenure
55
Average Age
  • The tenure for the International Personal Finance board of directors is about average.
Board of Directors

Dan O'Connor

TITLE
Non-Executive Chairman
COMPENSATION
£200K
AGE
58
TENURE
4 yrs

Gerard Ryan

TITLE
CEO & Executive Director
COMPENSATION
£1M
AGE
53
TENURE
7.3 yrs

Justin Lockwood

TITLE
CFO & Executive Director
COMPENSATION
£609K
AGE
48
TENURE
2.2 yrs

Richard Moat

TITLE
Independent Non-Executive Director
COMPENSATION
£70K
AGE
63
TENURE
6.8 yrs

Cathryn Riley

TITLE
Independent Non-Executive Director
COMPENSATION
£65K
AGE
56
TENURE
5.2 yrs

John Mangelaars

TITLE
Independent Non-Executive Director
COMPENSATION
£65K
AGE
54
TENURE
3.8 yrs

Tony Hales

TITLE
Senior Independent Non-Executive Director
COMPENSATION
£75K
AGE
70
TENURE
8.9 yrs

Deborah Davis

TITLE
Independent Non-Executive Director
COMPENSATION
£11K
TENURE
0.5 yrs

Bronwyn Syiek

TITLE
Independent Non-Executive Director
COMPENSATION
£11K
AGE
54
TENURE
0.5 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (£) Value (£)
31. Aug 18 Buy John Mangelaars Individual 29. Aug 18 29. Aug 18 25,000 £2.35 £58,700
X
Management checks
We assess International Personal Finance's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. International Personal Finance has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

IPF News

Simply Wall St News

International Personal Finance plc (LON:IPF) Should Be In Your Dividend Portfolio, Here's Why

International Personal Finance plc (LON:IPF) is a true Dividend Rock Star. … In the past ten years, International Personal Finance has also grown its dividend from £0.057 to £0.12. … Below, I have outlined more attractive dividend aspects for International Personal Finance for income investors who may be interested in new dividend stocks for their portfolio.

Simply Wall St -

Here's How P/E Ratios Can Help Us Understand International Personal Finance plc (LON:IPF)

To keep it practical, we'll show how International Personal Finance plc's (LON:IPF) P/E ratio could help you assess the value on offer. … International Personal Finance has a price to earnings ratio of 9.39, based on the last twelve months. … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)

Simply Wall St -

Should International Personal Finance plc (LON:IPF) Be Part Of Your Dividend Portfolio?

Over the past 10 years International Personal Finance plc (LON:IPF) has been paying dividends to shareholders. … Does International Personal Finance tick all the boxes of a great dividend stock? … See our latest analysis for International Personal Finance

Simply Wall St -

Does International Personal Finance plc's (LON:IPF) CEO Salary Reflect Performance?

First, this article will compare CEO compensation with compensation at similar sized companies. … How Does Gerard Ryan's Compensation Compare With Similar Sized Companies. … At the time of writing our data says that International Personal Finance plc has a market cap of UK£487m, and is paying total annual CEO compensation of UK£1.1m.

Simply Wall St -

Should Investors Buy International Personal Finance plc (LON:IPF) And Lock In The 7.0% Dividend Yield?

If you are an income investor, then International Personal Finance plc (LON:IPF) should be on your radar. … Over the past 10 years, the UK£397m market cap company has been growing its dividend payments, from £0.051 to £0.12. … Currently yielding 7.0%, let's take a closer look at International Personal Finance's dividend profile.

Simply Wall St -

Is International Personal Finance plc (LON:IPF) Overpaying Its CEO?

Recognizing whether CEO incentives are aligned with shareholders is a crucial part of investing. … Incentives can be in the form of compensation, which should always be structured in a way that promotes value-creation to shareholders. … CEOs leading companies of similar size and profitability

Simply Wall St -

What Makes International Personal Finance plc (LON:IPF) A Great Dividend Stock?

There is a lot to be liked about International Personal Finance plc (LON:IPF) as an income stock, over the past 10 years it has returned an average of 4.00% per year. … The company currently pays out a dividend yield of 5.96% to shareholders, making it a relatively attractive dividend stock. … Let's take a look at International Personal Finance in more detail.

Simply Wall St -

Should You Buy International Personal Finance plc (LON:IPF) At This PE Ratio?

This article is intended for those of you who are at the beginning of your investing journey. … and want to better understand how you can grow your money by investing in International Personal Finance plc (LON:IPF). … International Personal Finance plc (LON:IPF) is trading with a trailing P/E of 10.3x, which is lower than the industry average of 11.9x.

Simply Wall St -

Why Income Investors Should Have International Personal Finance plc (LON:IPF) In Their Portfolio

If you are an income investor, then International Personal Finance plc (LON:IPF) should be on your radar. … International Personal Finance plc, together with its subsidiaries, provides consumer credit products in Northern Europe, Lithuania, Slovakia, Mexico, Southern Europe, and Australia. … Currently yielding 5.74%, let's take a closer look at International Personal Finance's dividend profile.

Simply Wall St -

With A -36.80% Earnings Drop, Did International Personal Finance Plc (LON:IPF) Really Underperform?

Today I will run you through a basic sense check to gain perspective on how International Personal Finance is doing by comparing its latest earnings with its long-term trend as well as the performance of its consumer finance industry peers. … For International Personal Finance, its most recent earnings (trailing twelve month) is UK£45.00M, which, relative to the previous year's figure, has fallen by a significant -36.80%. … Looking at growth from a sector-level, the UK consumer finance industry has been growing its average earnings by double-digit 49.51% in the previous year, and a more muted 7.60% over the previous five years.

Simply Wall St -

IPF Company Info

Description

International Personal Finance plc, together with its subsidiaries, provides consumer credit products in Northern Europe, Lithuania, Slovakia, Mexico, Southern Europe, and Australia. It offers home credit products, such as home credit cash loans with agent service; money transfer loans direct to bank account; home, medical, and life insurances; micro-business loans; and provident-branded digital loans. The company also digital loan products, including instalment and monthly repayments loans, and revolving credit facility. It offers its products under the Provident, Credit24, Sving, hapiloans, and Creditea brands. The company serves approximately 2.3 million customers. International Personal Finance plc was founded in 1997 and is headquartered in Leeds, the United Kingdom.

Details
Name: International Personal Finance plc
IPF
Exchange: LSE
Founded: 1997
£445,640,662
223,266,865
Website: http://www.ipfin.co.uk
Address: International Personal Finance plc
Number Three,
Leeds City Office Park,
Leeds,
West Yorkshire, LS11 5BD,
United Kingdom
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
LSE IPF Ordinary Shares London Stock Exchange GB GBP 16. Jul 2007
DB 3I8 Ordinary Shares Deutsche Boerse AG DE EUR 16. Jul 2007
WSE IPF Ordinary Shares Warsaw Stock Exchange PL PLN 16. Jul 2007
BATS-CHIXE IPFL Ordinary Shares BATS 'Chi-X Europe' GB GBP 16. Jul 2007
Number of employees
Current staff
Staff numbers
10,502
International Personal Finance employees.
Industry
Consumer Finance
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/19 21:06
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2019/04/16
Last earnings filing: 2019/03/21
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.