Ideagen
Market Cap
UK£385.3m
Last Updated
2019/12/05 21:00 UTC
Data Sources
Company Financials +
Executive Summary
Ideagen plc develops and sells information management software in the United Kingdom, rest of Europe, North America, the Middle East, and internationally.
Rewards
Risk Analysis
Snowflake Analysis
Reasonable growth potential with adequate balance sheet.
Share Price & News
How has Ideagen's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: IDEA has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
-5.3%
IDEA
-2.3%
GB Software
-2.5%
GB Market
1 Year Return
32.0%
IDEA
19.4%
GB Software
5.3%
GB Market
Return vs Industry: IDEA exceeded the UK Software industry which returned 19.4% over the past year.
Return vs Market: IDEA exceeded the UK Market which returned 5.3% over the past year.
Shareholder returns
| IDEA | Industry | Market | |
|---|---|---|---|
| 7 Day | -5.3% | -2.3% | -2.5% |
| 30 Day | 13.2% | 4.6% | -1.3% |
| 90 Day | 14.8% | 9.8% | 0.9% |
| 1 Year | 32.3%32.0% | 27.3%19.4% | 10.9%5.3% |
| 3 Year | 173.1%171.4% | 16.5%-2.2% | 19.4%4.1% |
| 5 Year | 402.5%395.7% | 63.8%33.9% | 36.4%5.1% |
Price Volatility Vs. Market
How volatile is Ideagen's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
Alex Hewitt Is The Chief Legal Officer of Ideagen plc (LON:IDEA) And They Just Spent UK£189k On Shares4 weeks ago | Simply Wall St
These 4 Measures Indicate That Ideagen (LON:IDEA) Is Using Debt Safely1 month ago | Simply Wall St
Ideagen plc (LON:IDEA) Delivered A Weaker ROE Than Its IndustryValuation
Is Ideagen undervalued compared to its fair value and its price relative to the market?
262.79x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: IDEA (£1.71) is trading above our estimate of fair value (£1.34)
Significantly Below Fair Value: IDEA is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: IDEA is poor value based on its PE Ratio (262.8x) compared to the Software industry average (29.5x).
PE vs Market: IDEA is poor value based on its PE Ratio (262.8x) compared to the UK market (17.1x).
Price to Earnings Growth Ratio
PEG Ratio: IDEA is poor value based on its PEG Ratio (5.9x)
Price to Book Ratio
PB vs Industry: IDEA is overvalued based on its PB Ratio (5.1x) compared to the GB Software industry average (3.6x).
Next Steps
Future Growth
How is Ideagen forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
44.2%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: IDEA's forecast earnings growth (44.2% per year) is above the savings rate (0.5%).
Earnings vs Market: IDEA's earnings (44.2% per year) are forecast to grow faster than the UK market (12.4% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: IDEA's revenue (12.5% per year) is forecast to grow faster than the UK market (3.6% per year).
High Growth Revenue: IDEA's revenue (12.5% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: IDEA's Return on Equity is forecast to be low in 3 years time (17.9%).
Next Steps
Past Performance
How has Ideagen performed over the past 5 years?
9.8%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: IDEA has a large one-off loss of £1.7M impacting its April 30 2019 financial results.
Growing Profit Margin: IDEA's current net profit margins (3%) are lower than last year (4.2%).
Past Earnings Growth Analysis
Earnings Trend: IDEA's earnings have grown by 9.8% per year over the past 5 years.
Accelerating Growth: IDEA's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: IDEA had negative earnings growth (-9.4%) over the past year, making it difficult to compare to the Software industry average (8%).
Return on Equity
High ROE: IDEA's Return on Equity (1.9%) is considered low.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Ideagen's financial position?
Financial Position Analysis
Short Term Liabilities: IDEA's short term assets (£23.7M) do not cover its short term liabilities (£34.5M).
Long Term Liabilities: IDEA's short term assets (£23.7M) exceed its long term liabilities (£7.3M).
Debt to Equity History and Analysis
Debt Level: IDEA's debt to equity ratio (10.2%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if IDEA's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: IDEA's debt is well covered by operating cash flow (128.7%).
Interest Coverage: IDEA's interest payments on its debt are well covered by EBIT (12.9x coverage).
Balance Sheet
Inventory Level: IDEA has a low level of unsold assets or inventory.
Debt Coverage by Assets: IDEA's debt is covered by short term assets (assets are 3.2x debt).
Next Steps
Dividend
What is Ideagen's current dividend yield, its reliability and sustainability?
0.16%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: IDEA's dividend (0.16%) isn’t notable compared to the bottom 25% of dividend payers in the UK market (1.97%).
High Dividend: IDEA's dividend (0.16%) is low compared to the top 25% of dividend payers in the UK market (5.29%).
Stability and Growth of Payments
Stable Dividend: IDEA is not paying a notable dividend for the UK market, therefore no need to check if payments are stable.
Growing Dividend: IDEA is not paying a notable dividend for the UK market, therefore no need to check if payments are increasing.
Current Payout to Shareholders
Dividend Coverage: IDEA is not paying a notable dividend for the UK market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of IDEA's dividend in 3 years as they are not forecast to pay a notable one for the UK market.
Next Steps
Management
What is the CEO of Ideagen's salary, the management and board of directors tenure and is there insider trading?
1.6yrs
Average management tenure
CEO
Ben Dorks (44yo)
1.6yrs
Tenure
UK£432,000
Compensation
Mr. Benjamin Charles Dorks, also known as Ben, has been the Chief Executive Officer of Ideagen PLC since May 2018. Mr. Dorks served as Chief Customer Officer of Ideagen PLC since January 2017 until May 201 ...
CEO Compensation Analysis
Compensation vs Market: Ben's total compensation ($USD565.93K) is below average for companies of similar size in the UK market ($USD897.37K).
Compensation vs Earnings: Ben's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
Management Age and Tenure
1.6yrs
Average Tenure
48yo
Average Age
Experienced Management: IDEA's management team is not considered experienced ( 1.6 years average tenure), which suggests a new team.
Board Age and Tenure
2.9yrs
Average Tenure
53yo
Average Age
Experienced Board: IDEA's board of directors are not considered experienced ( 2.9 years average tenure), which suggests a new board.
Insider Trading
Insider Buying: IDEA insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Role | Chief Legal Officer Chief Legal Officer |
| Shares | 126,000 |
| Max Price | UK£1.50 |
| Entity | Individual |
| Role | Lead Director Senior Independent Non-Executive Director |
| Shares | 48 |
| Max Price | UK£1.51 |
| Entity | Individual |
| Role | Member of the Board of Directors CFO, Company Secretary & Director |
| Shares | 3 |
| Max Price | UK£1.44 |
| Entity | Individual |
| Role | Chief Executive Officer CEO & Director |
| Shares | 3 |
| Max Price | UK£1.44 |
| Entity | Individual |
| Role | Chairman of the Board Group Executive Chairman |
| Shares | 3 |
| Max Price | UK£1.44 |
| Entity | Individual |
| Role | Lead Director Senior Independent Non-Executive Director |
| Shares | 102 |
| Max Price | UK£1.33 |
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 6.7%.
Management Team
David R. Hornsby (52yo)
Group Executive Chairman
- Tenure: 1.6yrs
- Compensation: UK£325.00k
Les Paul (60yo)
- Tenure: 0yrs
- Compensation: UK£24.00k
Ian Hepworth (43yo)
Chief Technical Officer
- Tenure: 1.6yrs
Graeme Spenceley (54yo)
CFO, Company Secretary & Director
- Tenure: 9.8yrs
- Compensation: UK£311.00k
Ben Dorks (44yo)
CEO & Director
- Tenure: 1.6yrs
- Compensation: UK£432.00k
Barney Kent (42yo)
COO & Director
- Tenure: 2.9yrs
- Compensation: UK£337.00k
Ken Ebbage
Managing Director of Product & Services for Risk and Compliance Business
- Tenure: 0yrs
Arun Varma
Chief Marketing Officer
- Tenure: 0yrs
Paul Marshall
Chief Customer Officer
- Tenure: 0.7yrs
Alex Hewitt
Chief Legal Officer
- Tenure: 0yrs
Board Members
Richard Longdon (63yo)
Non-Executive Director
- Tenure: 0.08yrs
Tony Rodriguez (50yo)
Independent Non-Executive Director
- Tenure: 2.3yrs
- Compensation: UK£25.00k
David R. Hornsby (52yo)
Group Executive Chairman
- Tenure: 1.6yrs
- Compensation: UK£325.00k
Jonathan Wearing (66yo)
Non-Executive Director
- Tenure: 19.3yrs
- Compensation: UK£30.00k
Graeme Spenceley (54yo)
CFO, Company Secretary & Director
- Tenure: 9.8yrs
- Compensation: UK£311.00k
Alan M. Carroll (68yo)
Senior Independent Non-Executive Director
- Tenure: 0yrs
- Compensation: UK£30.00k
Ben Dorks (44yo)
CEO & Director
- Tenure: 1.6yrs
- Compensation: UK£432.00k
Barney Kent (42yo)
COO & Director
- Tenure: 2.9yrs
- Compensation: UK£337.00k
Company Information
Ideagen plc's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Ideagen plc
- Ticker: IDEA
- Exchange: AIM
- Founded: 1993
- Industry: Systems Software
- Sector: Software
- Market Cap: UK£385.253m
- Shares outstanding: 225.95m
- Website: https://www.ideagen.com
Number of Employees
Location
- Ideagen plc
- Ergo House
- Mere Way
- Ruddington
- Nottinghamshire
- NG11 6JS
- United Kingdom
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| IDEA | AIM (London Stock Exchange AIM Market) | Yes | Ordinary Shares | GB | GBP | Jan 2007 |
| 5IG | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | Jan 2007 |
Biography
Ideagen plc develops and sells information management software in the United Kingdom, rest of Europe, North America, the Middle East, and internationally. Its governance, risk and compliance (GRC) solution ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/12/05 21:00 |
| End of Day Share Price | 2019/12/05 00:00 |
| Earnings | 2019/04/30 |
| Annual Earnings | 2019/04/30 |
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.