IPD Group Limited

ASX:IPG

IPD Group Limited

ASX:IPG
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$4.18 (-4.6%)
Last close price
#71
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11
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Reports (3) My Report Forum Investors
Forum Topics IPG IPG FY23 Results Presen'

Pinned straw:
raymon68
Added one year ago

Revenue of $226.9million, up 28.3% on pcp – Strong organic growth has been delivered predominantly by the existing product portfolio and growing market share – Strong statutory growth displayed by a 37.4% CAGR 

EBITDA of $27.7 million, up 37.1% on pcp – There have been ongoing strategic investments made during the year, some of which include: • Expansion of the Gemtek team

• Recruitment of specification focused business development managers across the country

• Operational expansion with a new 4,000sqm warehouse – While the Group has invested into these strategic initiatives during the financial year, the Group continued to deliver strengthening EBITDA margins, and a 44.9% EBITDA CAGR over the past four financial years 

So Check out IPG a steady pathway to growth. could add some units today with the expected bearish market..a06aaaa98a48e0839cd58e18380399221aa454.png

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Return (inc div)   1yr: 132.35%   3yr: N/A   5yr: N/A



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edgescape
Added one year ago

Earnings Per Share (0.19) was below Bell Potters estimate of 0.22.

Dividend Per Share (0.93) was also below the broker consensus of 0.11

Explains the price weakness today.

Bell Potter looks like they are keeping the estimate and the 5.50 price target.

6
NewbieHK
Added one year ago

Hi @edgescape can you direct me to the Bell Potter target of 22c? The info you posted 4wk ago from them with a price target for 5.50 and earnings per share of 18c. Thanks

5
edgescape
Added one year ago

@NewbieHK

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This shows FY2024 but I think it is a typo. Few months back it was 19c

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Not putting out guidance is also a concern but a minor one only.

4
NewbieHK
Added one year ago

Thanks @edgescape Actually, it makes sense that it is 2024 because from their earnings update 14/6 one was able to figure out their 2023 earnings would be ~18c using the same earnings NPAT ratio on the reported EBIT. At 22c they are suggesting earnings growth of around 18%. At earnings of 22c at its closing price on Friday of 4:38 they are trading at a FPE of 19+.

I think the markets concern may have been related to the half on half earnings being flat ~8m NPAT per half.

With such a short listed history it’s hard to make much from this. They still have ~20m cash and just made 16m (18.6c per share) which was a 30% increase in EPS.

Again this is just my own speculation who really knows at this end of the market. It’s now trading at a PE23.5 which seems reasonable if they can maintain growth between 15-20%.

5