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IGAC

IG Acquisition NasdaqCM:IGAC Stock Report

Last Price

US$9.91

Market Cap

US$371.6m

7D

0%

1Y

1.3%

Updated

03 Jul, 2022

Data

Company Financials
IGAC fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance2/6
Financial Health0/6
Dividends0/6

IGAC Stock Overview

IG Acquisition Corp. does not have significant operations.

IG Acquisition Competitors

Price History & Performance

Summary of all time highs, changes and price drops for IG Acquisition
Historical stock prices
Current Share PriceUS$9.91
52 Week HighUS$9.95
52 Week LowUS$9.65
Beta0
1 Month Change0.10%
3 Month Change0.40%
1 Year Change1.33%
3 Year Changen/a
5 Year Changen/a
Change since IPOn/a

Recent News & Updates

Shareholder Returns

IGACUS Capital MarketsUS Market
7D0%-2.7%-2.2%
1Y1.3%-20.6%-21.2%

Return vs Industry: IGAC exceeded the US Capital Markets industry which returned -20.6% over the past year.

Return vs Market: IGAC exceeded the US Market which returned -21.2% over the past year.

Price Volatility

Is IGAC's price volatile compared to industry and market?
IGAC volatility
IGAC Average Weekly Movement0.2%
Capital Markets Industry Average Movement0.5%
Market Average Movement8.1%
10% most volatile stocks in US Market16.9%
10% least volatile stocks in US Market3.3%

Stable Share Price: IGAC is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 0% a week.

Volatility Over Time: IGAC's weekly volatility (0%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2020n/aChristian Goodehttps://www.igacquisition.com

IG Acquisition Corp. does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2020 and is based in New York, New York.

IG Acquisition Fundamentals Summary

How do IG Acquisition's earnings and revenue compare to its market cap?
IGAC fundamental statistics
Market CapUS$371.63m
Earnings (TTM)US$12.09m
Revenue (TTM)n/a

30.8x

P/E Ratio

0.0x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
IGAC income statement (TTM)
RevenueUS$0
Cost of RevenueUS$0
Gross ProfitUS$0
Other Expenses-US$12.09m
EarningsUS$12.09m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.32
Gross Margin0.00%
Net Profit Margin0.00%
Debt/Equity Ratio-2.7%

How did IGAC perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is IGAC undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for IGAC?

Other financial metrics that can be useful for relative valuation.

IGAC key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenuen/a
Enterprise Value/EBITDAn/a
PEG Ration/a

Price to Earnings Ratio vs Peers

How does IGAC's PE Ratio compare to its peers?

IGAC PE Ratio vs Peers
The above table shows the PE ratio for IGAC vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average44.1x
SIER Sierra Lake Acquisition
22.3xn/aUS$372.0m
XPOA DPCM Capital
68.6xn/aUS$372.0m
ALTU Altitude Acquisition
12.3xn/aUS$371.3m
JUN Juniper II
73.4xn/aUS$370.8m
IGAC IG Acquisition
30.8xn/aUS$371.6m

Price-To-Earnings vs Peers: IGAC is good value based on its Price-To-Earnings Ratio (30.8x) compared to the peer average (44.1x).


Price to Earnings Ratio vs Industry

How does IGAC's PE Ratio compare vs other companies in the US Capital Markets Industry?

Price-To-Earnings vs Industry: IGAC is expensive based on its Price-To-Earnings Ratio (30.8x) compared to the US Capital Markets industry average (29.4x)


Price to Earnings Ratio vs Fair Ratio

What is IGAC's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

IGAC PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio30.8x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate IGAC's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of IGAC when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate IGAC's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate IGAC's fair value for valuation analysis.


Price to Earnings Growth Ratio

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


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Future Growth

How is IG Acquisition forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


10.1%

Forecasted Diversified Financials industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as IG Acquisition has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Discover growth companies

  • Take a look at our analysis of IGAC’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.

Past Performance

How has IG Acquisition performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


24.0%

Historical Diversified Financials annual earnings growth

Earnings and Revenue History

Quality Earnings: IGAC has high quality earnings.

Growing Profit Margin: IGAC became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: Unable to establish if IGAC's year-on-year earnings growth rate was positive over the past 5 years as it has been trading publicly for less than 3 years.

Accelerating Growth: Unable to compare IGAC's past year earnings growth to its 5-year average as it has been trading publicly for less than 3 years.

Earnings vs Industry: IGAC has become profitable in the last year, making it difficult to compare its past year earnings growth to the Capital Markets industry (79.6%).


Return on Equity

High ROE: IGAC's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.


Discover strong past performing companies

Financial Health

How is IG Acquisition's financial position?

Financial Health Score

0/6

Financial Health Score 0/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: IGAC has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.

Long Term Liabilities: IGAC has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.


Debt to Equity History and Analysis

Debt Level: IGAC has negative shareholder equity, which is a more serious situation than a high debt level.

Reducing Debt: IGAC's has negative shareholder equity, so we do not need to check if its debt has reduced over time.

Debt Coverage: IGAC's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: Insufficient data to determine if IGAC's interest payments on its debt are well covered by EBIT.


Balance Sheet


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Dividend

What is IG Acquisition current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage

Dividend Yield vs Market

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

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


Stability and Growth of Payments

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

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


Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as IGAC has not reported any payouts.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

1.8yrs

Average board tenure


CEO

Christian Goode (46 yo)

2yrs

Tenure

Mr. Christian Goode has been Chief Executive Officer and Director at IG Acquisition Corp since July 16, 2020. He Co-Founded Ivory Gaming Group in January 2015 and serves as its Chief Executive Officer sinc...


Board Members

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


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

IG Acquisition Corp.'s employee growth, exchange listings and data sources


Key Information

  • Name: IG Acquisition Corp.
  • Ticker: IGAC
  • Exchange: NasdaqCM
  • Founded: 2020
  • Industry: Asset Management and Custody Banks
  • Sector: Diversified Financials
  • Implied Market Cap: US$371.625m
  • Shares outstanding: 37.50m
  • Website: https://www.igacquisition.com

Location

  • IG Acquisition Corp.
  • 251 Park Avenue South
  • 8th Floor
  • New York
  • New York
  • 10010
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/07/03 00:00
End of Day Share Price2022/07/01 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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.