New Risk • Jun 11
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Irish stocks, typically moving 4.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks High level of debt (47% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (4.6% average weekly change). Upcoming Dividend • May 07
Upcoming dividend of €0.11 per share Eligible shareholders must have bought the stock before 14 May 2026. Payment date: 05 June 2026. Payout ratio is a comfortable 35% and this is well supported by cash flows. Trailing yield: 2.4%. Lower than top quartile of Irish dividend payers (4.8%). Lower than average of industry peers (3.9%). Announcement • Apr 08
Irish Continental Group plc, Annual General Meeting, May 07, 2026 Irish Continental Group plc, Annual General Meeting, May 07, 2026. Location: the gibson hotel, the point village, east wall road, d01 x2p2, dublin Ireland Reported Earnings • Apr 07
Full year 2025 earnings: EPS and revenues exceed analyst expectations Full year 2025 results: EPS: €0.47 (up from €0.36 in FY 2024). Revenue: €666.7m (up 10% from FY 2024). Net income: €74.9m (up 25% from FY 2024). Profit margin: 11% (up from 9.9% in FY 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.5%. Earnings per share (EPS) also surpassed analyst estimates by 3.4%. Revenue is forecast to grow 3.3% p.a. on average during the next 2 years, compared to a 1.3% growth forecast for the Shipping industry in Europe. Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 13% per year. Declared Dividend • Mar 08
Final dividend increased to €0.11 Dividend of €0.11 is 5.0% higher than last year. Ex-date: 14th May 2026 Payment date: 5th June 2026 Dividend yield will be 2.5%, which is higher than the industry average of 2.0%. Sustainability & Growth Dividend is well covered by both earnings (24% earnings payout ratio) and cash flows (48% cash payout ratio). The dividend has increased by an average of 4.0% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 44% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Mar 06
Full year 2025 earnings: EPS and revenues exceed analyst expectations Full year 2025 results: EPS: €0.47 (up from €0.36 in FY 2024). Revenue: €666.7m (up 10% from FY 2024). Net income: €74.9m (up 25% from FY 2024). Profit margin: 11% (up from 9.9% in FY 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.5%. Earnings per share (EPS) also surpassed analyst estimates by 3.4%. Revenue is forecast to grow 3.3% p.a. on average during the next 2 years, while revenues in the Shipping industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 12% per year. Announcement • Mar 06
Irish Continental Group plc Proposes Final Cash Dividend for the Year 2025, Payable on 05 June 2026 The Directors of Irish Continental Group plc are proposing a final dividend in respect of 2025 of 10.95 cent per share subject to shareholder approval at the AGM on 07 May 2026, which will be paid on 05 June 2026 to shareholders on the register at close of business on 15 May 2026. Price Target Changed • Dec 01
Price target increased by 9.3% to €7.65 Up from €7.00, the current price target is provided by 1 analyst. New target price is 33% above last closing price of €5.74. Stock is up 4.0% over the past year. The company posted earnings per share of €0.36 last year. Recent Insider Transactions • Nov 28
Group CFO & Executive Director recently sold €226k worth of stock On the 21st of November, David Ledwidge sold around 40k shares on-market at roughly €5.70 per share. This transaction amounted to 7.4% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. David has been a net seller over the last 12 months, reducing personal holdings by €259k. New Risk • Nov 27
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: €46k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Significant insider selling over the past 3 months (€46k sold). Announcement • Nov 16
Irish Continental Group plc Management Changes, Effective November 14, 2025 Irish Continental Group plc announced the retirement of Thomas Corcoran as Company Secretary with effect from November 14, 2025. Thomas joined Irish Continental Group plc in 1989 and has served in a variety of financial roles and as Company Secretary since 2001. The Board of Irish Continental Group plc also announces the appointment of Mr. Brian Holland as Company Secretary effective from November 14, 2025. Brian’s previous position in the Group was Finance Director of Irish Continental Group plc’s Ferries Division having joined Irish Continental Group plc in 2019 from industry. Brian qualified as a Chartered Accountant with international professional services firm PWC. Board Change • Sep 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 3 highly experienced directors. Independent Director Eimear Moloney was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Declared Dividend • Aug 31
First half dividend increased to €0.054 Dividend of €0.054 is 5.1% higher than last year. Ex-date: 11th September 2025 Payment date: 3rd October 2025 Dividend yield will be 2.7%, which is higher than the industry average of 2.0%. Sustainability & Growth Dividend is covered by both earnings (40% earnings payout ratio) and cash flows (84% cash payout ratio). The dividend has increased by an average of 4.0% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 26% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Aug 28
First half 2025 earnings released: EPS: €0.12 (vs €0.083 in 1H 2024) First half 2025 results: EPS: €0.12 (up from €0.083 in 1H 2024). Revenue: €309.9m (up 8.5% from 1H 2024). Net income: €19.3m (up 41% from 1H 2024). Profit margin: 6.2% (up from 4.8% in 1H 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.3% p.a. on average during the next 2 years, while revenues in the Shipping industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Announcement • Aug 28
Irish Continental Group plc Declares an Interim Dividend, Payable on 3 October 2025 Irish Continental Group plc have declared an interim dividend of 5.37 cent per share (2024: 5.11 cent) payable on 3 October 2025 to shareholders on the register on 12 September 2025. The estimated amount payable will be €8.7 million. Upcoming Dividend • May 08
Upcoming dividend of €0.10 per share Eligible shareholders must have bought the stock before 15 May 2025. Payment date: 06 June 2025. Payout ratio is a comfortable 43% and this is well supported by cash flows. Trailing yield: 2.9%. Lower than top quartile of Irish dividend payers (5.2%). Lower than average of industry peers (7.8%). Reported Earnings • Apr 09
Full year 2024 earnings: EPS misses analyst expectations Full year 2024 results: EPS: €0.36. Revenue: €603.8m (up 5.6% from FY 2023). Net income: €59.9m (down 2.8% from FY 2023). Profit margin: 9.9% (in line with FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 7.3%. Revenue is forecast to grow 7.1% p.a. on average during the next 2 years, while revenues in the Shipping industry in Europe are expected to remain flat. Declared Dividend • Mar 06
Dividend increased to €0.10 Dividend of €0.10 is 5.0% higher than last year. Ex-date: 15th May 2025 Payment date: 6th June 2025 Dividend yield will be 2.9%, which is higher than the industry average of 2.0%. Sustainability & Growth Dividend is well covered by both earnings (27% earnings payout ratio) and cash flows (25% cash payout ratio). The dividend has increased by an average of 4.0% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 4.5% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Mar 04
Third quarter 2024 earnings released: EPS: €0.14 (vs €0.14 in 3Q 2023) Third quarter 2024 results: EPS: €0.14 (down from €0.14 in 3Q 2023). Revenue: €159.2m (up 3.3% from 3Q 2023). Net income: €23.1m (down 5.1% from 3Q 2023). Profit margin: 14% (down from 16% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.7% p.a. on average during the next 3 years, while revenues in the Shipping industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Announcement • Mar 04
Irish Continental Group plc, Annual General Meeting, May 08, 2025 Irish Continental Group plc, Annual General Meeting, May 08, 2025. Announcement • Mar 03
Irish Continental Group plc Proposes A Final Dividend for the Year 2024 The Board of Irish Continental Group plc is proposing a final dividend of 10.43 cent per ordinary share for the Year 2024, amounting to €17.2 million out of the distributable reserves of the Company. Buy Or Sell Opportunity • Dec 17
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 4.4% to €5.16. The fair value is estimated to be €6.47, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 22% over the last 3 years. Meanwhile, the company has become profitable. Reported Earnings • Sep 02
First half 2024 earnings released: EPS: €0.083 (vs €0.075 in 1H 2023) First half 2024 results: EPS: €0.083 (up from €0.075 in 1H 2023). Revenue: €285.5m (up 8.1% from 1H 2023). Net income: €13.7m (up 6.2% from 1H 2023). Profit margin: 4.8% (down from 4.9% in 1H 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.2% p.a. on average during the next 2 years, compared to a 2.3% growth forecast for the Shipping industry in Europe. Over the last 3 years on average, earnings per share has increased by 75% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Declared Dividend • Sep 01
Final dividend increased to €0.051 Dividend of €0.051 is 4.9% higher than last year. Ex-date: 12th September 2024 Payment date: 4th October 2024 Dividend yield will be 2.8%, which is higher than the industry average of 2.0%. Sustainability & Growth Dividend is well covered by both earnings (41% earnings payout ratio) and cash flows (28% cash payout ratio). The dividend has increased by an average of 4.0% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 4.2% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Aug 29
Irish Continental Group plc Declares Interim Dividend, Payable on 4 October 2024 Irish Continental Group plc has declared an interim dividend of 5.11 cent per share (2023: 4.87 cent) payable on 4 October 2024 to shareholders on the register on 13 September 2024. The estimated amount payable will be €8.4 million. New Risk • Aug 11
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Irish stocks, typically moving 3.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (3.8% average weekly change). Buy Or Sell Opportunity • Jul 10
Now 21% undervalued Over the last 90 days, the stock has risen 7.8% to €5.50. The fair value is estimated to be €7.00, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 29% over the last 3 years. Meanwhile, the company has become profitable. Upcoming Dividend • May 09
Upcoming dividend of €0.099 per share Eligible shareholders must have bought the stock before 16 May 2024. Payment date: 07 June 2024. Payout ratio is a comfortable 41% and this is well supported by cash flows. Trailing yield: 2.8%. Lower than top quartile of Irish dividend payers (5.2%). Lower than average of industry peers (6.0%). Reported Earnings • Mar 10
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: €0.36 (up from €0.34 in FY 2022). Revenue: €572.0m (down 2.2% from FY 2022). Net income: €61.6m (up 3.0% from FY 2022). Profit margin: 11% (in line with FY 2022). Revenue missed analyst estimates by 2.2%. Earnings per share (EPS) also missed analyst estimates by 2.3%. Revenue is forecast to grow 5.6% p.a. on average during the next 2 years, while revenues in the Shipping industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 101% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Declared Dividend • Mar 10
Final dividend of €0.099 announced Shareholders will receive a dividend of €0.099. Ex-date: 16th May 2024 Payment date: 7th June 2024 Dividend yield will be 3.2%, which is higher than the industry average of 2.0%. Sustainability & Growth Dividend is well covered by both earnings (41% earnings payout ratio) and cash flows (32% cash payout ratio). The dividend has increased by an average of 4.0% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 4.1% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Mar 08
Irish Continental Group plc Proposes Final Dividend The Board of Irish Continental Group plc is proposing a final dividend of 9.93 cent per ordinary share amounting to €16.4 million out of the distributable reserves of the company. Recent Insider Transactions • Nov 24
Insider recently sold €113k worth of stock On the 17th of November, Thomas Corcoran sold around 25k shares on-market at roughly €4.50 per share. This transaction amounted to 6.4% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €324k more than they bought in the last 12 months. Upcoming Dividend • Sep 07
Upcoming dividend of €0.049 per share at 4.1% yield Eligible shareholders must have bought the stock before 14 September 2023. Payment date: 06 October 2023. Payout ratio is a comfortable 42% and this is well supported by cash flows. Trailing yield: 4.1%. Lower than top quartile of Irish dividend payers (4.8%). Lower than average of industry peers (17%). Reported Earnings • Sep 03
First half 2023 earnings released: EPS: €0.075 (vs €0.08 in 1H 2022) First half 2023 results: EPS: €0.075 (down from €0.08 in 1H 2022). Revenue: €264.0m (flat on 1H 2022). Net income: €12.9m (down 11% from 1H 2022). Profit margin: 4.9% (down from 5.5% in 1H 2022). Revenue is forecast to grow 3.8% p.a. on average during the next 2 years, compared to a 6.4% decline forecast for the Shipping industry in Europe. Over the last 3 years on average, earnings per share has increased by 90% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • May 11
Upcoming dividend of €0.095 per share at 4.1% yield Eligible shareholders must have bought the stock before 18 May 2023. Payment date: 09 June 2023. Payout ratio is a comfortable 42% and this is well supported by cash flows. Trailing yield: 4.1%. Lower than top quartile of Irish dividend payers (4.4%). Lower than average of industry peers (17%). Reported Earnings • Mar 10
Full year 2022 earnings: EPS and revenues exceed analyst expectations Full year 2022 results: EPS: €0.34 (up from €0.026 loss in FY 2021). Revenue: €584.9m (up 75% from FY 2021). Net income: €59.8m (up €64.7m from FY 2021). Profit margin: 10% (up from net loss in FY 2021). The move to profitability was driven by higher revenue. Revenue exceeded analyst estimates by 3.5%. Earnings per share (EPS) also surpassed analyst estimates by 1.4%. Revenue is forecast to grow 2.9% p.a. on average during the next 2 years, compared to a 11% decline forecast for the Shipping industry in Europe. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 13% per year, which means it is tracking significantly ahead of earnings growth. Recent Insider Transactions • Dec 20
Group CFO & Executive Director recently sold €114k worth of stock On the 14th of December, David Ledwidge sold around 27k shares on-market at roughly €4.18 per share. This transaction amounted to 24% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. David has been a net seller over the last 12 months, reducing personal holdings by €39k. Upcoming Dividend • Sep 08
Upcoming dividend of €0.046 per share Eligible shareholders must have bought the stock before 15 September 2022. Payment date: 07 October 2022. Trailing yield: 2.3%. Lower than top quartile of Irish dividend payers (4.2%). Lower than average of industry peers (12%). Reported Earnings • Aug 25
First half 2022 earnings released: EPS: €0 (vs €0.068 loss in 1H 2021) First half 2022 results: EPS: €0 (up from €0.068 loss in 1H 2021). Revenue: €263.1m (up 86% from 1H 2021). Net income: €14.5m (up €27.2m from 1H 2021). Profit margin: 5.5% (up from net loss in 1H 2021). The move to profitability was driven by higher revenue. Over the next year, revenue is forecast to grow 14% while the Shipping industry in Ireland is not expected to grow. Upcoming Dividend • Jun 02
Upcoming dividend of €0.09 per share Eligible shareholders must have bought the stock before 09 June 2022. Payment date: 07 July 2022. Trailing yield: 2.2%. Lower than top quartile of Irish dividend payers (3.8%). Lower than average of industry peers (8.9%). Price Target Changed • Apr 27
Price target increased to €6.28 Up from €5.20, the current price target is an average from 2 analysts. New target price is 72% above last closing price of €3.65. Stock is down 22% over the past year. The company posted a net loss per share of €0.026 last year. Reported Earnings • Mar 11
Full year 2021 earnings: EPS exceeds analyst expectations Full year 2021 results: €0.026 loss per share (up from €0.10 loss in FY 2020). Revenue: €334.5m (up 21% from FY 2020). Net loss: €4.90m (loss narrowed 74% from FY 2020). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 8.3%. Over the next year, revenue is forecast to grow 32%, compared to a 18% growth forecast for the industry in Ireland. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 85 percentage points per year, which is a significant difference in performance. Recent Insider Transactions • Feb 06
Group CFO & Executive Director recently bought €75k worth of stock On the 4th of February, David Ledwidge bought around 17k shares on-market at roughly €4.36 per share. This was the largest purchase by an insider in the last 3 months. This was David's only on-market trade for the last 12 months. Price Target Changed • Sep 15
Price target increased to €6.28 Up from €5.20, the current price target is an average from 2 analysts. New target price is 38% above last closing price of €4.55. Stock is up 33% over the past year. Price Target Changed • Sep 14
Price target increased to €6.28 Up from €5.20, the current price target is an average from 2 analysts. New target price is 38% above last closing price of €4.55. Stock is up 33% over the past year. Price Target Changed • Sep 12
Price target increased to €6.28 Up from €5.20, the current price target is an average from 2 analysts. New target price is 35% above last closing price of €4.64. Stock is up 40% over the past year. Price Target Changed • Sep 08
Price target increased to €6.28 Up from €5.20, the current price target is an average from 2 analysts. New target price is 35% above last closing price of €4.67. Stock is up 44% over the past year. Price Target Changed • Sep 07
Price target increased to €6.28 Up from €5.20, the current price target is an average from 2 analysts. New target price is 34% above last closing price of €4.70. Stock is up 45% over the past year.