discoverIE Group
Market Cap
UK£653.0m
Last Updated
2021/01/16 01:43 UTC
Data Sources
Company Financials +
Executive Summary
discoverIE Group plc designs, manufactures, and supplies components for electronic applications worldwide. More Details
Rewards
Risk Analysis
No risks detected for DSCV from our risk checks.
Snowflake Analysis
Flawless balance sheet with limited growth.
Share Price & News
How has discoverIE Group's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: DSCV is not significantly more volatile than the rest of UK stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: DSCV's weekly volatility (6%) has been stable over the past year.
Market Performance
7 Day Return
-0.5%
DSCV
-2.0%
GB Electronic
-1.7%
GB Market
1 Year Return
29.0%
DSCV
20.8%
GB Electronic
-8.6%
GB Market
Return vs Industry: DSCV exceeded the UK Electronic industry which returned 21.3% over the past year.
Return vs Market: DSCV exceeded the UK Market which returned -7.7% over the past year.
Shareholder returns
| DSCV | Industry | Market | |
|---|---|---|---|
| 7 Day | -0.5% | -2.0% | -1.7% |
| 30 Day | 15.1% | 4.5% | 3.4% |
| 90 Day | 15.5% | 7.0% | 14.5% |
| 1 Year | 29.6%29.0% | 21.8%20.8% | -4.9%-8.6% |
| 3 Year | 98.7%89.6% | 42.7%37.2% | 3.7%-9.0% |
| 5 Year | 209.6%178.1% | 182.5%162.3% | 47.1%13.7% |
Long-Term Price Volatility Vs. Market
How volatile is discoverIE Group's share price compared to the market and industry in the last 5 years?
Simply Wall St News
6 days ago | Simply Wall St
Here's Why discoverIE Group's (LON:DSCV) Statutory Earnings Are Arguably Too Conservative3 weeks ago | Simply Wall St
Here's What To Make Of discoverIE Group's (LON:DSCV) Returns On Capital1 month ago | Simply Wall St
discoverIE Group plc (LON:DSCV) Looks Interesting, And It's About To Pay A DividendValuation
Is discoverIE Group undervalued compared to its fair value and its price relative to the market?
53.32x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: DSCV (£7.3) is trading above our estimate of fair value (£4.78)
Significantly Below Fair Value: DSCV is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: DSCV is poor value based on its PE Ratio (53.3x) compared to the GB Electronic industry average (37.1x).
PE vs Market: DSCV is poor value based on its PE Ratio (53.3x) compared to the UK market (23x).
Price to Earnings Growth Ratio
PEG Ratio: DSCV is poor value based on its PEG Ratio (2.4x)
Price to Book Ratio
PB vs Industry: DSCV is overvalued based on its PB Ratio (3.1x) compared to the GB Electronic industry average (2.6x).
Next Steps
Future Growth
How is discoverIE Group forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?
22.2%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: DSCV's forecast earnings growth (22.2% per year) is above the savings rate (1%).
Earnings vs Market: DSCV's earnings (22.2% per year) are forecast to grow slower than the UK market (26.7% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: DSCV's revenue (4.7% per year) is forecast to grow slower than the UK market (6.5% per year).
High Growth Revenue: DSCV's revenue (4.7% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: DSCV's Return on Equity is forecast to be low in 3 years time (12%).
Next Steps
Past Performance
How has discoverIE Group performed over the past 5 years?
22.6%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: DSCV has high quality earnings.
Growing Profit Margin: DSCV's current net profit margins (2.7%) are lower than last year (3.7%).
Past Earnings Growth Analysis
Earnings Trend: DSCV's earnings have grown significantly by 22.6% per year over the past 5 years.
Accelerating Growth: DSCV's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: DSCV had negative earnings growth (-27.9%) over the past year, making it difficult to compare to the Electronic industry average (-6.2%).
Return on Equity
High ROE: DSCV's Return on Equity (5.8%) is considered low.
Next Steps
Financial Health
How is discoverIE Group's financial position?
Financial Position Analysis
Short Term Liabilities: DSCV's short term assets (£182.1M) exceed its short term liabilities (£101.6M).
Long Term Liabilities: DSCV's short term assets (£182.1M) exceed its long term liabilities (£105.7M).
Debt to Equity History and Analysis
Debt Level: DSCV's debt to equity ratio (35%) is considered satisfactory.
Reducing Debt: DSCV's debt to equity ratio has reduced from 40.4% to 35% over the past 5 years.
Debt Coverage: DSCV's debt is well covered by operating cash flow (72.9%).
Interest Coverage: DSCV's interest payments on its debt are well covered by EBIT (5.8x coverage).
Balance Sheet
Next Steps
Dividend
What is discoverIE Group current dividend yield, its reliability and sustainability?
0.86%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: DSCV's dividend (0.86%) isn’t notable compared to the bottom 25% of dividend payers in the UK market (1.54%).
High Dividend: DSCV's dividend (0.86%) is low compared to the top 25% of dividend payers in the UK market (4.54%).
Stability and Growth of Payments
Stable Dividend: DSCV is not paying a notable dividend for the UK market, therefore no need to check if payments are stable.
Growing Dividend: DSCV 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: DSCV is not paying a notable dividend for the UK market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of DSCV's dividend in 3 years as they are not forecast to pay a notable one for the UK market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
7.2yrs
Average management tenure
CEO
Nick Jefferies (54 yo)
12yrs
Tenure
UK£2,094,000
Compensation
Mr. Nicholas J. Jefferies, also known as Nick, has been the Group Chief Executive of discoverIE Group plc (formerly known as Acal plc) since January 5, 2009. Mr. Jefferies served as Vice President of Sales...
CEO Compensation Analysis
Compensation vs Market: Nick's total compensation ($USD2.85M) is above average for companies of similar size in the UK market ($USD1.02M).
Compensation vs Earnings: Nick's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Group Chief Executive & Executive Director | 12yrs | UK£2.09m | 1.08% £ 7.0m | |
| Group Finance Director & Executive Director | 10.5yrs | UK£1.06m | 0.30% £ 2.0m | |
| Group General Counsel | 1.17yrs | no data | no data | |
| Group Head of Corporate Development | 3.83yrs | no data | no data |
7.2yrs
Average Tenure
Experienced Management: DSCV's management team is seasoned and experienced (7.2 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Group Chief Executive & Executive Director | 12yrs | UK£2.09m | 1.08% £ 7.0m | |
| Group Finance Director & Executive Director | 10.5yrs | UK£1.06m | 0.30% £ 2.0m | |
| Group General Counsel | 1.17yrs | no data | no data | |
| Independent Non-Executive Chairman | 3.75yrs | UK£140.00k | 0.031% £ 199.4k | |
| Senior Independent Director | 1.83yrs | UK£54.00k | 0.028% £ 182.5k | |
| Independent Non-Executive Director | 5.17yrs | UK£54.00k | 0.010% £ 68.3k | |
| Independent Non-Executive Director | 1.33yrs | UK£31.50k | 0.014% £ 91.2k |
3.8yrs
Average Tenure
58.5yo
Average Age
Experienced Board: DSCV's board of directors are considered experienced (3.8 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
discoverIE Group plc's company bio, employee growth, exchange listings and data sources
Key Information
- Name: discoverIE Group plc
- Ticker: DSCV
- Exchange: LSE
- Founded: 1986
- Industry: Technology Distributors
- Sector: Tech
- Market Cap: UK£653.027m
- Shares outstanding: 89.46m
- Website: https://www.discoverieplc.com
Number of Employees
Location
- discoverIE Group plc
- 2 Chancellor Court
- Occam Road
- Guildford
- Surrey
- GU2 7AH
- United Kingdom
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| DSCV | LSE (London Stock Exchange) | Yes | Ordinary Shares | GB | GBP | Jan 1992 |
| 9A5 | BST (Boerse-Stuttgart) | Yes | Ordinary Shares | DE | EUR | Jan 1992 |
| DSCVL | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Ordinary Shares | GB | GBP | Jan 1992 |
Biography
discoverIE Group plc designs, manufactures, and supplies components for electronic applications worldwide. It operates in two divisions, Design & Manufacturing, and Custom Supply. The company also offers t...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/16 01:43 |
| End of Day Share Price | 2021/01/15 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2020/03/31 |
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.