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IGP

Intercede Group AIM:IGP Stock Report

Last Price

UK£0.44

Market Cap

UK£25.3m

7D

1.1%

1Y

-55.6%

Updated

29 Jun, 2022

Data

Company Financials +
IGP fundamental analysis
Snowflake Score
Valuation2/6
Future Growth1/6
Past Performance2/6
Financial Health6/6
Dividends0/6

IGP Stock Overview

Intercede Group plc, a cybersecurity company, engages in identity, credential management, and secure mobility business to enable digital trust in the United Kingdom, rest of Europe, the United States, and internationally.

Intercede Group Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Intercede Group
Historical stock prices
Current Share PriceUK£0.44
52 Week HighUK£1.20
52 Week LowUK£0.37
Beta1.14
1 Month Change0%
3 Month Change-27.87%
1 Year Change-55.56%
3 Year Change12.82%
5 Year Change-29.60%
Change since IPO-44.65%

Recent News & Updates

Jun 09
Estimating The Fair Value Of Intercede Group plc (LON:IGP)

Estimating The Fair Value Of Intercede Group plc (LON:IGP)

In this article we are going to estimate the intrinsic value of Intercede Group plc ( LON:IGP ) by taking the expected...

May 12
Here's Why We Think Intercede Group (LON:IGP) Is Well Worth Watching

Here's Why We Think Intercede Group (LON:IGP) Is Well Worth Watching

For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...

Shareholder Returns

IGPGB SoftwareGB Market
7D1.1%-1.7%2.4%
1Y-55.6%-23.3%-6.7%

Return vs Industry: IGP underperformed the UK Software industry which returned -23.1% over the past year.

Return vs Market: IGP underperformed the UK Market which returned -6.8% over the past year.

Price Volatility

Is IGP's price volatile compared to industry and market?
IGP volatility
IGP Average Weekly Movement8.4%
Software Industry Average Movement5.6%
Market Average Movement5.4%
10% most volatile stocks in GB Market10.6%
10% least volatile stocks in GB Market2.8%

Stable Share Price: IGP is more volatile than 75% of UK stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: IGP's weekly volatility (8%) has been stable over the past year, but is still higher than 75% of UK stocks.

About the Company

FoundedEmployeesCEOWebsite
199287Klaas van der Leesthttps://www.intercede.com

Intercede Group plc, a cybersecurity company, engages in identity, credential management, and secure mobility business to enable digital trust in the United Kingdom, rest of Europe, the United States, and internationally. The company offers MyID, a credential management system for cyber secure digital identity that allows organizations to deploy digital identities to a range of secure devices; MyID Professional, an identity management software solution that enables enterprises to replace insecure passwords across their workforce with the strong user authentication – smart cards, or USB tokens with public key infrastructure certificates; and MyID Enterprise, a software solution for large organizations and governments to deploy and manage digital identities to a range of secure devices. In addition, it provides MyID PIV, a software solution for federal agencies that issue and manage secure digital identities to federal employees.

Intercede Group Fundamentals Summary

How do Intercede Group's earnings and revenue compare to its market cap?
IGP fundamental statistics
Market CapUK£25.35m
Earnings (TTM)UK£723.00k
Revenue (TTM)UK£9.93m

35.1x

P/E Ratio

2.6x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
IGP income statement (TTM)
RevenueUK£9.93m
Cost of RevenueUK£198.00k
Gross ProfitUK£9.73m
Other ExpensesUK£9.00m
EarningsUK£723.00k

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.013
Gross Margin98.01%
Net Profit Margin7.28%
Debt/Equity Ratio0%

How did IGP perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is IGP undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for IGP?

Other financial metrics that can be useful for relative valuation.

IGP key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue1.8x
Enterprise Value/EBITDA37.3x
PEG Ration/a

Price to Earnings Ratio vs Peers

How does IGP's PE Ratio compare to its peers?

IGP PE Ratio vs Peers
The above table shows the PE ratio for IGP vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average61.3x
ITIM Itim Group
142.5xn/aUK£35.9m
PEB Pebble Beach Systems Group
9.8x8.0%UK£14.3m
SPE Sopheon
82.7x-70.9%UK£55.8m
ARC Arcontech Group
10.1x-29.9%UK£9.8m
IGP Intercede Group
35.1xn/aUK£25.3m

Price-To-Earnings vs Peers: IGP is good value based on its Price-To-Earnings Ratio (35.1x) compared to the peer average (61.3x).


Price to Earnings Ratio vs Industry

How does IGP's PE Ratio compare vs other companies in the GB Software Industry?

Price-To-Earnings vs Industry: IGP is good value based on its Price-To-Earnings Ratio (35.1x) compared to the UK Software industry average (41.2x)


Price to Earnings Ratio vs Fair Ratio

What is IGP's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

IGP PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio35.1x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate IGP's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of IGP when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: IGP (£0.44) is trading above our estimate of fair value (£0.01)

Significantly Below Fair Value: IGP is trading above our estimate of fair value.


Price to Earnings Growth Ratio

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


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Future Growth

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

Future Growth Score

1/6

Future Growth Score 1/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


9.5%

Forecasted annual revenue growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if IGP's forecast earnings growth is above the savings rate (0.9%).

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

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

Revenue vs Market: IGP's revenue (9.5% per year) is forecast to grow faster than the UK market (4.1% per year).

High Growth Revenue: IGP's revenue (9.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: IGP's Return on Equity is forecast to be low in 3 years time (8%).


Discover growth companies

Past Performance

How has Intercede Group performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


69.7%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: IGP has high quality earnings.

Growing Profit Margin: IGP's current net profit margins (7.3%) are lower than last year (13.9%).


Past Earnings Growth Analysis

Earnings Trend: IGP has become profitable over the past 5 years, growing earnings by 69.7% per year.

Accelerating Growth: IGP's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: IGP had negative earnings growth (-52.7%) over the past year, making it difficult to compare to the Software industry average (-14.3%).


Return on Equity

High ROE: IGP's Return on Equity (13.1%) is considered low.


Discover strong past performing companies

Financial Health

How is Intercede Group's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: IGP's short term assets (£12.4M) exceed its short term liabilities (£6.8M).

Long Term Liabilities: IGP's short term assets (£12.4M) exceed its long term liabilities (£621.0K).


Debt to Equity History and Analysis

Debt Level: IGP is debt free.

Reducing Debt: IGP has no debt compared to 5 years ago when its debt to equity ratio was 1131.9%.

Debt Coverage: IGP has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: IGP has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


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Dividend

What is Intercede Group current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage

Dividend Yield vs Market

Notable Dividend: Unable to evaluate IGP's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate IGP's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if IGP's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if IGP's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as IGP has not reported any payouts.


Discover strong dividend paying companies

Management

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

4.2yrs

Average management tenure


CEO

Klaas van der Leest (54 yo)

4.17yrs

Tenure

UK£411,000

Compensation

Mr. Klaas Peter van der Leest serves as Chief Executive Officer and Director of Intercede Group plc since April 10, 2018 and he is responsible for sales since April 26, 2018. He served as the Managing Dire...


CEO Compensation Analysis

Compensation vs Market: Klaas's total compensation ($USD498.22K) is above average for companies of similar size in the UK market ($USD332.74K).

Compensation vs Earnings: Klaas's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.


Leadership Team

Experienced Management: IGP's management team is considered experienced (4.2 years average tenure).


Board Members

Experienced Board: IGP's board of directors are considered experienced (4.6 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: IGP 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

Intercede Group plc's employee growth, exchange listings and data sources


Key Information

  • Name: Intercede Group plc
  • Ticker: IGP
  • Exchange: AIM
  • Founded: 1992
  • Industry: Application Software
  • Sector: Software
  • Implied Market Cap: UK£25.349m
  • Shares outstanding: 57.61m
  • Website: https://www.intercede.com

Number of Employees


Location

  • Intercede Group plc
  • Lutterworth Hall
  • St. Mary's Road
  • Lutterworth
  • Leicestershire
  • LE17 4PS
  • United Kingdom

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/29 00:00
End of Day Share Price2022/06/29 00:00
Earnings2022/03/31
Annual Earnings2022/03/31


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.