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Updated 1d ago
IGP logo

Intercede Group plcAIM:IGP Stock Report

Market Cap UK£72.5m
Updated 1d ago
Share Price
n/a
1Y-31.1%
7D3.4%
1D-1.6%
Portfolio Value
​
View

Intercede Group plc

AIM:IGP Stock Report

Market Cap: UK£72.5m

  • Company Overview
    • Valuation
    • Future Growth
    • Past Performance
    • Financial Health
    • Dividend
  • Management
  • Ownership
  • Other Information
  • Stock Community

Intercede Group (IGP) Stock Overview

A cybersecurity company, develops and supplies identity and credential management software for digital trust primarily in the United Kingdom, rest of Europe, the United States, and internationally. More details

IGP fundamental analysis
Snowflake Score
Valuation5/6
Future Growth3/6
Past Performance2/6
Financial Health6/6
Dividends0/6

Rewards

Trading at 48.4% below our estimate of its fair value

Earnings are forecast to grow 17.48% per year

Trading at good value compared to peers and industry

Risk Analysis

Does not have a meaningful market cap (£72M)


IGP Community Fair Values

Create Narrative

See what 8 others think this stock is worth. Follow their fair value or set your own to get alerts.

Analyst Price Targets

AN
AnalystConsensusTarget
12.6% overvalued intrinsic discount
AnalystConsensusTarget
•1mo ago

High Assurance Cybersecurity Regulation Will Drive Durable Long Term Demand For This Identity Provider

29
0
2

Top Analyst Narratives

IGP logo
Intercede Group
12.6% overvalued intrinsic discount

High Assurance Cybersecurity Regulation Will Drive Durable Long Term Demand For This Identity Provider

View narrative
AN
AnalystConsensusTarget
AnalystConsensusTarget
Updated 4 Aug
Read Narrative
View all narratives

Intercede Group plc Competitors

Quartix Technologies

Symbol: AIM:QTX
Market cap: UK£109.0m

accesso Technology Group

Symbol: AIM:ACSO
Market cap: UK£91.6m

Tracsis

Symbol: AIM:TRCS
Market cap: UK£101.3m

RM

Symbol: LSE:RM.
Market cap: UK£102.3m

Price History & Performance

Summary of share price highs, lows and changes for Intercede Group
Historical stock prices
Current Share PriceUK£1.21
52 Week HighUK£1.78
52 Week LowUK£0.73
Beta1.62
1 Month Change6.64%
3 Month Change0%
1 Year Change-31.14%
3 Year Change138.61%
5 Year Change34.64%
Change since IPO51.57%

Recent News & Updates

User avatar
Narrative Update • Aug 04

IGP: Post Quantum Passkeys And New Alliances Will Shape Balanced Outlook

Analysts have reset their price target on Intercede Group to £1.07 from £1.80. This reflects updated fair value work that now uses a lower discount rate and a materially reduced future P/E assumption, while keeping revenue growth and profit margin expectations unchanged.
User avatar
Narrative Update • Jun 26

IGP: Post Quantum Passkey Partnerships Will Drive Future Authentication Upside

Analysts have revised their price target on Intercede Group to £1.80 from £2.25, citing updated assumptions around higher projected revenue growth, improved profit margins and a lower future P/E multiple, along with a modestly higher discount rate. What’s in the News for Intercede Group Intercede Group extended its partnership with Swissbit AG to begin active development of an end-to-end FIDO2 Passkey offering that aims to use post-quantum cryptography, combining Swissbit hardware with Intercede’s MyID product family to support phishing-resistant authentication across device issuance and management.

Recent updates

User avatar
Narrative Update • Aug 04

IGP: Post Quantum Passkeys And New Alliances Will Shape Balanced Outlook

Analysts have reset their price target on Intercede Group to £1.07 from £1.80. This reflects updated fair value work that now uses a lower discount rate and a materially reduced future P/E assumption, while keeping revenue growth and profit margin expectations unchanged.
User avatar
Narrative Update • Jun 26

IGP: Post Quantum Passkey Partnerships Will Drive Future Authentication Upside

Analysts have revised their price target on Intercede Group to £1.80 from £2.25, citing updated assumptions around higher projected revenue growth, improved profit margins and a lower future P/E multiple, along with a modestly higher discount rate. What’s in the News for Intercede Group Intercede Group extended its partnership with Swissbit AG to begin active development of an end-to-end FIDO2 Passkey offering that aims to use post-quantum cryptography, combining Swissbit hardware with Intercede’s MyID product family to support phishing-resistant authentication across device issuance and management.
Analysis Article • Apr 15

Should You Think About Buying Intercede Group plc (LON:IGP) Now?

Intercede Group plc ( LON:IGP ), is not the largest company out there, but it saw a double-digit share price rise of...
Analysis Article • May 07

Even With A 27% Surge, Cautious Investors Are Not Rewarding Intercede Group plc's (LON:IGP) Performance Completely

Intercede Group plc ( LON:IGP ) shareholders are no doubt pleased to see that the share price has bounced 27% in the...
Analysis Article • Feb 20

There's Reason For Concern Over Intercede Group plc's (LON:IGP) Price

There wouldn't be many who think Intercede Group plc's ( LON:IGP ) price-to-earnings (or "P/E") ratio of 15.6x is worth...
Analysis Article • Oct 12

Intercede Group plc (LON:IGP) May Have Run Too Fast Too Soon With Recent 29% Price Plummet

Intercede Group plc ( LON:IGP ) shares have retraced a considerable 29% in the last month, reversing a fair amount of...
Analysis Article • Oct 11

Why We Like The Returns At Intercede Group (LON:IGP)

If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Amongst other...
Analysis Article • Aug 20

There's Reason For Concern Over Intercede Group plc's (LON:IGP) Massive 27% Price Jump

Intercede Group plc ( LON:IGP ) shares have continued their recent momentum with a 27% gain in the last month alone...
Analysis Article • Aug 02

Do Intercede Group's (LON:IGP) Earnings Warrant Your Attention?

It's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...
Analysis Article • Jan 08

There's Been No Shortage Of Growth Recently For Intercede Group's (LON:IGP) Returns On Capital

What are the early trends we should look for to identify a stock that could multiply in value over the long term...
Analysis Article • Dec 24

Intercede Group plc's (LON:IGP) 25% Price Boost Is Out Of Tune With Earnings

Despite an already strong run, Intercede Group plc ( LON:IGP ) shares have been powering on, with a gain of 25% in the...
Analysis Article • Nov 08

Here's Why We Think Intercede Group (LON:IGP) Might Deserve Your Attention Today

For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...
Analysis Article • Oct 04

What Does Intercede Group plc's (LON:IGP) Share Price Indicate?

Intercede Group plc ( LON:IGP ), might not be a large cap stock, but it received a lot of attention from a substantial...
Analysis Article • Mar 15

What Does Intercede Group plc's (LON:IGP) Share Price Indicate?

Intercede Group plc ( LON:IGP ), might not be a large cap stock, but it saw a double-digit share price rise of over 10...
Analysis Article • Jun 09

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...
Analysis Article • May 12

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...
Analysis Article • Oct 13

A Look At The Intrinsic Value Of Intercede Group plc (LON:IGP)

Today we'll do a simple run through of a valuation method used to estimate the attractiveness of Intercede Group plc...
Analysis Article • Sep 09

Here's Why Shareholders May Want To Be Cautious With Increasing Intercede Group plc's (LON:IGP) CEO Pay Packet

Under the guidance of CEO Klaas van der Leest, Intercede Group plc ( LON:IGP ) has performed reasonably well recently...
Analysis Article • Jun 14

At UK£1.08, Is Intercede Group plc (LON:IGP) Worth Looking At Closely?

While Intercede Group plc ( LON:IGP ) might not be the most widely known stock at the moment, it saw a double-digit...
Analysis Article • Mar 13

Calculating The Intrinsic 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...
Analysis Article • Feb 15

Announcing: Intercede Group (LON:IGP) Stock Increased An Energizing 195% In The Last Three Years

The most you can lose on any stock (assuming you don't use leverage) is 100% of your money. But when you pick a company...
Analysis Article • Jan 25

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

Like a puppy chasing its tail, some new investors often chase 'the next big thing', even if that means buying 'story...
Analysis Article • Dec 30

How Is Intercede Group's (LON:IGP) CEO Paid Relative To Peers?

Klaas van der Leest became the CEO of Intercede Group plc ( LON:IGP ) in 2018, and we think it's a good time to look at...

Shareholder Returns

IGPGB SoftwareGB Market
7D3.4%4.9%1.8%
1Y-31.1%-11.5%17.4%

Return vs Industry: IGP underperformed the UK Software industry which returned -11.5% over the past year.

Return vs Market: IGP underperformed the UK Market which returned 17.4% over the past year.

Price Volatility

Is IGP's price volatile compared to industry and market?
IGP volatility
IGP Average Weekly Movement5.8%
Software Industry Average Movement5.4%
Market Average Movement4.9%
10% most volatile stocks in GB Market10.5%
10% least volatile stocks in GB Market2.5%

Stable Share Price: IGP has not had significant price volatility in the past 3 months compared to the UK market.

Volatility Over Time: IGP's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1992111Klaas van der Leestwww.intercede.com

Intercede Group plc, a cybersecurity company, develops and supplies identity and credential management software for digital trust primarily in the United Kingdom, rest of Europe, the United States, and internationally. The company offers MyID Password Security Management which detects and prevents breached passwords through real-time and scheduled checking, stops accounts from sharing passwords and offers instant password feedback and automatic remediation. It also provides MyID IDV for registration and identity verification; and MyID MFA, a secure login and password replacement solution which provides multiple token and tokenless options to suit any scenario while ensuring a simple user experience.

Intercede Group plc Fundamentals Summary

How do Intercede Group's earnings and revenue compare to its market cap?
IGP fundamental statistics
Market capUK£72.50m
Earnings (TTM)UK£3.38m
Revenue (TTM)UK£17.16m
21.5x
P/E Ratio
4.2x
P/S Ratio

Is IGP overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
IGP income statement (TTM)
RevenueUK£17.16m
Cost of RevenueUK£708.00k
Gross ProfitUK£16.45m
Other ExpensesUK£13.07m
EarningsUK£3.38m

Last Reported Earnings

Mar 31, 2026

Next Earnings Date

n/a

Earnings per share (EPS)0.056
Gross Margin95.87%
Net Profit Margin19.68%
Debt/Equity Ratio0%

How did IGP perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/09/18 00:39
End of Day Share Price 2026/09/18 00:00
Earnings2026/03/31
Annual Earnings2026/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
  • SEC Form 10-K
  • SEC Form 10-Q
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
  • Analyst Research Reports
  • Blue Matrix
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
  • ICE Market Data
  • SEC Form S-1
Ownership10 years
  • Top shareholders
  • Insider trading
  • SEC Form 4
  • SEC Form 13D
Management10 years
  • Leadership team
  • Board of directors
  • SEC Form 10-K
  • SEC Form DEF 14A
Key Developments10 years
  • Company announcements
  • SEC Form 8-K

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Intercede Group plc is covered by 2 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Andrew Murray DarleyCavendish
Daniel RidsdaleEdison Investment Research

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