AIM:IBPO

Stock Analysis Report

Executive Summary

iEnergizer Limited, together with its subsidiaries, provides business process outsourcing (BPO), content delivery, and back office services in the United Kingdom, India, the United States, and internationally.


Snowflake Analysis

Outstanding track record with flawless balance sheet.

Share Price & News

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


Latest Share Price and Events

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


Market Performance


7 Day Return

-0.4%

IBPO

-0.8%

GB IT

-0.9%

GB Market


1 Year Return

110.8%

IBPO

42.8%

GB IT

6.2%

GB Market

Return vs Industry: IBPO exceeded the UK IT industry which returned 42.8% over the past year.

Return vs Market: IBPO exceeded the UK Market which returned 6.2% over the past year.


Shareholder returns

IBPOIndustryMarket
7 Day-0.4%-0.8%-0.9%
30 Day-3.4%-0.8%-3.1%
90 Day-9.6%8.4%3.9%
1 Year124.6%110.8%46.1%42.8%11.9%6.2%
3 Year228.6%208.5%118.7%103.8%17.3%2.4%
5 Year534.0%495.3%121.7%103.7%34.1%3.2%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: IBPO (£2.54) is trading below our estimate of fair value (£5.87)

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


Price To Earnings Ratio

PE vs Industry: IBPO is good value based on its PE Ratio (17.4x) compared to the IT industry average (30.5x).

PE vs Market: IBPO is good value based on its PE Ratio (17.4x) compared to the UK market (18.5x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate IBPO's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: IBPO is overvalued based on its PB Ratio (4.6x) compared to the GB IT industry average (2.7x).


Next Steps

Future Growth

How is iEnergizer forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

4.5%

Forecasted annual revenue growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if IBPO's forecast earnings growth is above the savings rate (0.5%).

Earnings vs Market: Insufficient data to determine if IBPO's earnings are forecast to grow faster than the UK market

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

Revenue vs Market: IBPO's revenue (4.5% per year) is forecast to grow faster than the UK market (3.5% per year).

High Growth Revenue: IBPO's revenue (4.5% 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 IBPO's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has iEnergizer performed over the past 5 years?

27.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: IBPO has high quality earnings.

Growing Profit Margin: IBPO's current net profit margins (19.3%) are higher than last year (16.8%).


Past Earnings Growth Analysis

Earnings Trend: IBPO's earnings have grown significantly by 27.1% per year over the past 5 years.

Accelerating Growth: IBPO's earnings growth over the past year (31.6%) exceeds its 5-year average (27.1% per year).

Earnings vs Industry: IBPO earnings growth over the past year (31.6%) exceeded the IT industry 12.3%.


Return on Equity

High ROE: IBPO's Return on Equity (26.6%) is considered high.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is iEnergizer's financial position?


Financial Position Analysis

Short Term Liabilities: IBPO's short term assets ($88.4M) exceed its short term liabilities ($34.6M).

Long Term Liabilities: IBPO's short term assets ($88.4M) exceed its long term liabilities ($52.1M).


Debt to Equity History and Analysis

Debt Level: IBPO's debt to equity ratio (36%) is considered satisfactory.

Reducing Debt: IBPO's debt to equity ratio has reduced from 215.8% to 36% over the past 5 years.

Debt Coverage: IBPO's debt is well covered by operating cash flow (107.2%).

Interest Coverage: IBPO's interest payments on its debt are well covered by EBIT (12.5x coverage).


Balance Sheet

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

Debt Coverage by Assets: IBPO's debt is covered by short term assets (assets are 1.8x debt).


Next Steps

Dividend

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

3.83%

Current Dividend Yield


Dividend Yield vs Market

company3.8%marketbottom25%1.8%markettop25%5.1%industryaverage2.0%forecastin3Years5.3%

Current dividend yield vs market & industry

Notable Dividend: IBPO's dividend (3.79%) is higher than the bottom 25% of dividend payers in the UK market (1.82%).

High Dividend: IBPO's dividend (3.79%) is low compared to the top 25% of dividend payers in the UK market (5.15%).


Stability and Growth of Payments

Stable Dividend: IBPO has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: IBPO has only been paying a dividend for 8 years, and since then payments have fallen.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (71.4%), IBPO's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

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

4.0yrs

Average management tenure


CEO

Anil Aggarwal (58yo)

4yrs

Tenure

Mr. Anil Aggarwal is a Founder and Promoter of iEnergizer Inc. Mr. Aggarwal has been the Chief Executive Officer of IEnergizer Limited since February 9, 2016 and served as its Chief Executive Officer until ...


Leadership Team

NamePositionTenureCompensationOwnership
Anil Aggarwal
Founder4yrsno datano data
Ashish Madan
CFO & Executive Director1.5yrsno datano data
Jayant Goyal
Vice President of Technologies0yrsno datano data
Bikramjit Randhawa
Senior Vice President6.8yrsno datano data

4.0yrs

Average Tenure

48yo

Average Age

Experienced Management: IBPO's management team is considered experienced (4 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Anil Aggarwal
Founder4yrsno datano data
Ashish Madan
CFO & Executive Director1.5yrsno datano data
Marc Vassanelli
Non-Executive Chairman4.6yrsno datano data
Christopher de Putron
Non-Executive Director8.2yrsno datano data
Mark De La Rue
Non-Executive Director8.2yrsno datano data

8.2yrs

Average Tenure

50yo

Average Age

Experienced Board: IBPO's board of directors are considered experienced (8.2 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.


Ownership Breakdown

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


Top Shareholders

Company Information

iEnergizer Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: iEnergizer Limited
  • Ticker: IBPO
  • Exchange: AIM
  • Founded: 2000
  • Industry: Data Processing and Outsourced Services
  • Sector: Software
  • Market Cap: UK£481.029m
  • Shares outstanding: 190.13m
  • Website: https://www.ienergizer.com

Location

  • iEnergizer Limited
  • Mont Crevelt House
  • Bulwer Avenue
  • Saint Sampson
  • GY2 4 LH
  • Guernsey

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
IBPOAIM (London Stock Exchange AIM Market)YesOrdinary SharesGBGBPSep 2010

Biography

iEnergizer Limited, together with its subsidiaries, provides business process outsourcing (BPO), content delivery, and back office services in the United Kingdom, India, the United States, and internationally. The company operates through Real Time Processing, Back Office Services, and Content Delivery segments. It offers a suite of content and publishing process outsourcing, and customer management services, including transaction processing, customer acquisition, customer care, technical support, billing and collections, dispute handling, and market research and analytics through various platforms, such as voice-inbound and outbound, back-office support, online chat, mail room, and other business support services. The company’s BPO solutions include accounts receivable, healthcare document processing, document processing, finance and accounting services, e-learning development and support, and investor and shareowner services; and contact center solutions, such as chat and email services, customer care, customer acquisition, gaming support and testing, technical support, and market research services. It serves banking, financial services, and insurance; publishing; entertainment and online video gaming; information technology; legal; healthcare; and pharmaceutical industries. The company was founded in 2000 and is based in Saint Sampson, Guernsey. iEnergizer Limited is a subsidiary of EICR (Cyprus) Limited. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/19 22:05
End of Day Share Price2020/02/19 00:00
Earnings2019/09/30
Annual Earnings2019/03/31


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.