AIM:IND

Stock Analysis Report

IndigoVision Group

Executive Summary

IndigoVision Group plc engages in the design, development, manufacture, and sale of networked video security systems.

Snowflake

Fundamentals

Flawless balance sheet and fair value.

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

0%

IND

-0.6%

GB Electronic

0.08%

GB Market


1 Year Return

67.5%

IND

13.1%

GB Electronic

3.5%

GB Market

Return vs Industry: IND exceeded the UK Electronic industry which returned 13.1% over the past year.

Return vs Market: IND exceeded the UK Market which returned 3.5% over the past year.


Shareholder returns

INDIndustryMarket
7 Day0%-0.6%0.08%
30 Day-16.2%-4.6%-1.3%
90 Day10.7%-7.4%-2.2%
1 Year67.5%67.5%15.0%13.1%9.0%3.5%
3 Year17.7%15.8%49.5%42.7%18.1%3.1%
5 Year-56.0%-58.0%121.7%102.5%36.2%5.3%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

14.98x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate IND's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate IND's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: IND is good value based on its PE Ratio (15x) compared to the Electronic industry average (20.6x).

PE vs Market: IND is good value based on its PE Ratio (15x) compared to the UK market (16.7x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: IND is good value based on its PB Ratio (1.1x) compared to the GB Electronic industry average (2.1x).


Next Steps

Future Growth

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

8.5%

Forecasted annual revenue growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if IND's forecast earnings growth is above the savings rate (1.2%).

Earnings vs Market: Insufficient data to determine if IND'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: IND's revenue (8.5% per year) is forecast to grow faster than the UK market (4% per year).

High Growth Revenue: IND's revenue (8.5% 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 IND's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has IndigoVision Group performed over the past 5 years?

-41.9%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: IND's earnings have declined by -41.9% per year over the past 5 years.

Accelerating Growth: IND has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: IND has become profitable in the last year, making it difficult to compare its past year earnings growth to the Electronic industry (-14.4%).


Return on Equity

High ROE: IND's Return on Equity (7%) is considered low.


Return on Assets

ROA vs Industry: IND's Return on Assets is below or equal to the Electronic industry average last year.


Return on Capital Employed

ROCE Improving: IND's Return on Capital Employed has declined over the past 3 years.


Next Steps

Financial Health

How is IndigoVision Group's financial position?


Financial Position Analysis

Short Term Liabilities: IND's short term assets ($25.6M) exceeds its short term liabilities ($9.6M)

Long Term Liabilities: IND's short term assets (25.6M) exceeds its long term liabilities (3.6M)


Debt to Equity History and Analysis

Debt Level: IND is debt free.

Reducing Debt: IND had no debt 5 years ago.

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

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


Balance Sheet

Inventory Level: IND has a high level of physical assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if IND's debt is covered by short term assets.


Next Steps

Dividend

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


Dividend Yield vs Market

company0%marketbottom25%2.0%markettop25%5.4%industryaverage1.7%forecastin3Years0%

Current dividend yield vs market & industry


Stability and Growth of Payments

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

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

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

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


Current Payout to Shareholders

Dividend Coverage: IND is not paying a notable dividend for the UK market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of IND'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 IndigoVision Group's salary, the management and board of directors tenure and is there insider trading?

5.4yrs

Average management tenure


CEO

Pedro Vasco Tadeu Simoes (42yo)

1.9yrs

Tenure

US$301,500

Compensation

Mr. Pedro Vasco Tadeu Felix Simoes has been the Chief Executive Officer and Executive Director of IndigoVision Group plc since January 8, 2018 and served as its Interim Chief Executive Officer since Novemb ...


CEO Compensation Analysis

Compensation vs. Market: Pedro Vasco Tadeu has recently become CEO, making it difficult to compare their total compensation against companies of similar size in the UK market.

Compensation vs Earnings: Insufficient data to compare Pedro Vasco Tadeu's compensation with company performance.


Management Age and Tenure

5.4yrs

Average Tenure

Experienced Management: IND's management team is seasoned and experienced (5.4 years average tenure).


Board Age and Tenure

1.8yrs

Average Tenure

49.5yo

Average Age

Experienced Board: IND's board of directors are not considered experienced ( 1.8 years average tenure), which suggests a new board.


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

BuyUS$3,72024 May 19
Dean Brazenall
EntityIndividual
Shares2,000
Max PriceUS$1.86
BuyUS$7,15023 Apr 19
Pedro Vasco Tadeu Simoes
EntityIndividual
Role
Chief Executive Officer
CEO & Executive Director
Shares5,000
Max PriceUS$1.43
SellUS$7,15023 Apr 19
Paul Theasby
EntityIndividual
Role
Chief Operating Officer
Chief Operating Officer
Shares5,000
Max PriceUS$1.43
BuyUS$40,91112 Mar 19
Max Thowless-Reeves
EntityIndividual
Role
Chairman of the Board
Chairman of the Board
Shares30,000
Max PriceUS$1.42
BuyUS$13,15511 Mar 19
Max Thowless-Reeves
EntityIndividual
Role
Chairman of the Board
Chairman of the Board
Shares10,000
Max PriceUS$1.32

Ownership Breakdown


Management Team

  • Pedro Vasco Tadeu Simoes (42yo)

    CEO & Executive Director

    • Tenure: 1.9yrs
    • Compensation: US$301.50k
  • Rory Sillar

    Supply Chain Manager

    • Tenure: 0yrs
  • Chris Lea (52yo)

    CFO, Company Secretary & Director

    • Tenure: 3.4yrs
    • Compensation: US$252.00k
  • Paul Theasby

    Chief Operating Officer

    • Tenure: 5.4yrs
  • Paul Murphy

    Head of Marketing

    • Tenure: 7.8yrs
  • David Blair

    Head of Human Resources

    • Tenure: 5.8yrs

Board Members

  • George Elliott (66yo)

    Non-Executive Director

    • Tenure: 2.3yrs
    • Compensation: US$100.00k
  • Pedro Vasco Tadeu Simoes (42yo)

    CEO & Executive Director

    • Tenure: 1.9yrs
    • Compensation: US$301.50k
  • Chris Lea (52yo)

    CFO, Company Secretary & Director

    • Tenure: 3.4yrs
    • Compensation: US$252.00k
  • Max Thowless-Reeves

    Chairman of the Board

    • Tenure: 0.6yrs
    • Compensation: US$40.00k
  • Vikki Macleod (47yo)

    Non-Executive Director

    • Tenure: 0.6yrs

Company Information

IndigoVision Group plc's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: IndigoVision Group plc
  • Ticker: IND
  • Exchange: AIM
  • Founded:
  • Industry: Electronic Equipment and Instruments
  • Sector: Tech
  • Market Cap: UK£13.784m
  • Shares outstanding: 7.22m
  • Website: https://www.indigovision.com

Number of Employees


Location

  • IndigoVision Group plc
  • Charles Darwin House
  • The Edinburgh Technopole
  • Edinburgh
  • EH26 0PY
  • United Kingdom

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
INDAIM (London Stock Exchange AIM Market)YesOrdinary SharesGBGBPAug 2000

Biography

IndigoVision Group plc engages in the design, development, manufacture, and sale of networked video security systems. Its IP video security systems allow full motion video to be transmitted with digital qu ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/23 20:34
End of Day Share Price2019/10/23 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.