discoverIE Group
Market Cap
UK£487.9m
Last Updated
2019/12/06 20:34 UTC
Data Sources
Company Financials +
Executive Summary
discoverIE Group plc designs, manufactures, and supplies components for electronic applications worldwide.
Rewards
Risk Analysis
Snowflake Analysis
Solid track record with adequate balance sheet and pays a dividend.
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 has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
-2.2%
DSCV
-0.3%
GB Electronic
-0.8%
GB Market
1 Year Return
47.0%
DSCV
26.4%
GB Electronic
8.5%
GB Market
Return vs Industry: DSCV exceeded the UK Electronic industry which returned 26.4% over the past year.
Return vs Market: DSCV exceeded the UK Market which returned 8.5% over the past year.
Shareholder returns
| DSCV | Industry | Market | |
|---|---|---|---|
| 7 Day | -2.2% | -0.3% | -0.8% |
| 30 Day | 3.5% | 4.4% | -0.6% |
| 90 Day | 22.3% | 8.4% | 1.5% |
| 1 Year | 50.3%47.0% | 28.5%26.4% | 14.1%8.5% |
| 3 Year | 159.6%140.9% | 71.1%63.1% | 19.2%4.0% |
| 5 Year | 182.9%147.9% | 130.1%110.8% | 41.8%9.5% |
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
3 weeks ago | Simply Wall St
How Many discoverIE Group plc (LON:DSCV) Shares Do Institutions Own?1 month ago | Simply Wall St
Is discoverIE Group plc's (LON:DSCV) Capital Allocation Ability Worth Your Time?1 month ago | Simply Wall St
Despite Its High P/E Ratio, Is discoverIE Group plc (LON:DSCV) Still Undervalued?Valuation
Is discoverIE Group undervalued compared to its fair value and its price relative to the market?
24.65x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: DSCV (£5.38) is trading above our estimate of fair value (£3.74)
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 (24.6x) compared to the Electronic industry average (21.5x).
PE vs Market: DSCV is poor value based on its PE Ratio (24.6x) compared to the UK market (17.3x).
Price to Earnings Growth Ratio
PEG Ratio: DSCV is poor value based on its PEG Ratio (2.1x)
Price to Book Ratio
PB vs Industry: DSCV is overvalued based on its PB Ratio (2.5x) compared to the GB Electronic industry average (2.3x).
Next Steps
Future Growth
How is discoverIE Group forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?
11.8%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: DSCV's forecast earnings growth (11.8% per year) is above the savings rate (0.5%).
Earnings vs Market: DSCV's earnings (11.8% per year) are forecast to grow slower than the UK market (12.4% per year).
High Growth Earnings: DSCV's earnings are forecast to grow, but not significantly.
Revenue vs Market: DSCV's revenue (3.7% per year) is forecast to grow faster than the UK market (3.6% per year).
High Growth Revenue: DSCV's revenue (3.7% 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 (14.6%).
Next Steps
Past Performance
How has discoverIE Group performed over the past 5 years?
33.7%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: DSCV has high quality earnings.
Growing Profit Margin: DSCV's current net profit margins (3.7%) are higher than last year (2.7%).
Past Earnings Growth Analysis
Earnings Trend: DSCV's earnings have grown significantly by 33.7% per year over the past 5 years.
Accelerating Growth: DSCV's earnings growth over the past year (52.7%) exceeds its 5-year average (33.7% per year).
Earnings vs Industry: DSCV earnings growth over the past year (52.7%) exceeded the Electronic industry -16.7%.
Return on Equity
High ROE: DSCV's Return on Equity (10%) is considered low.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is discoverIE Group's financial position?
Financial Position Analysis
Short Term Liabilities: DSCV's short term assets (£191.2M) exceed its short term liabilities (£100.9M).
Long Term Liabilities: DSCV's short term assets (£191.2M) exceed its long term liabilities (£103.7M).
Debt to Equity History and Analysis
Debt Level: DSCV's debt to equity ratio (47.6%) is considered high.
Reducing Debt: DSCV's debt to equity ratio has increased from 31.6% to 47.6% over the past 5 years.
Debt Coverage: DSCV's debt is well covered by operating cash flow (41.2%).
Interest Coverage: DSCV's interest payments on its debt are well covered by EBIT (6.9x coverage).
Balance Sheet
Inventory Level: DSCV has a high level of physical assets or inventory.
Debt Coverage by Assets: DSCV's debt is covered by short term assets (assets are 2.4x debt).
Next Steps
Dividend
What is discoverIE Group's current dividend yield, its reliability and sustainability?
1.78%
Current Dividend Yield
Upcoming Dividend Payment
Purchase discoverIE Group before the 'Buy Limit' to receive their next dividend payment.
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: DSCV's dividend (1.78%) isn’t notable compared to the bottom 25% of dividend payers in the UK market (1.96%).
High Dividend: DSCV's dividend (1.78%) is low compared to the top 25% of dividend payers in the UK market (5.25%).
Stability and Growth of Payments
Stable Dividend: DSCV's dividends per share have been stable in the past 10 years.
Growing Dividend: DSCV's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (44.5%), DSCV's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: DSCV's dividends in 3 years are forecast to be well covered by earnings (34.3% payout ratio).
Next Steps
Management
What is the CEO of discoverIE Group's salary, the management and board of directors tenure and is there insider trading?
9.4yrs
Average management tenure
CEO
Nick Jefferies (53yo)
10.9yrs
Tenure
UK£1,797,000
Compensation
Mr. Nicholas J. Jefferies, also known as Nick, has been the Group Chief Executive of Acal Plc since January 5, 2009. Mr. Jefferies served as Vice President of Sales and Customer Marketing of Eurodis Electr ...
CEO Compensation Analysis
Compensation vs Market: Nick's total compensation ($USD2.35M) is above average for companies of similar size in the UK market ($USD1.17M).
Compensation vs Earnings: Nick's compensation has been consistent with company performance over the past year.
Management Age and Tenure
9.4yrs
Average Tenure
Experienced Management: DSCV's management team is seasoned and experienced (9.4 years average tenure).
Board Age and Tenure
3.4yrs
Average Tenure
57.5yo
Average Age
Experienced Board: DSCV's board of directors are considered experienced (3.4 years average tenure).
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
| Entity | Individual |
| Role | Chairman of the Board Non-Executive Chairman |
| Shares | 5,000 |
| Max Price | UK£4.00 |
| Entity | Individual |
| Role | Lead Director Senior Independent Director |
| Shares | 8,000 |
| Max Price | UK£4.00 |
| Entity | Individual |
| Role | Member of the Board of Directors Group Finance Director & Executive Director |
| Shares | 5,000 |
| Max Price | UK£4.00 |
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 7.7%.
Management Team
Nick Jefferies (53yo)
Group Chief Executive & Director
- Tenure: 10.9yrs
- Compensation: UK£1.80m
Simon Gibbins (52yo)
Group Finance Director & Executive Director
- Tenure: 9.4yrs
- Compensation: UK£881.00k
Jeremy Morcom
Group Head of Corporate Development
- Tenure: 2.8yrs
Board Members
Malcolm Diamond (71yo)
Non-Executive Chairman
- Tenure: 2.7yrs
- Compensation: UK£135.00k
Bruce Thompson (64yo)
Senior Independent Director
- Tenure: 0.8yrs
- Compensation: UK£45.00k
Nick Jefferies (53yo)
Group Chief Executive & Director
- Tenure: 10.9yrs
- Compensation: UK£1.80m
Tracey Graham (54yo)
Non-Executive Director
- Tenure: 4.1yrs
- Compensation: UK£45.00k
Clive Watson (61yo)
Non-Executive Director
- Tenure: 0.3yrs
Simon Gibbins (52yo)
Group Finance Director & Executive Director
- Tenure: 9.4yrs
- Compensation: UK£881.00k
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£487.883m
- Shares outstanding: 88.71m
- 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 |
Biography
discoverIE Group plc designs, manufactures, and supplies components for electronic applications worldwide. It operates through two divisions, Design and Manufacturing, and Custom Supply. The company also o ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/12/06 20:34 |
| End of Day Share Price | 2019/12/06 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2019/03/31 |
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.