Financials Impax Asset Management Group Plc

Equities

IPX

GB0004905260

Investment Management & Fund Operators

Market Closed - London S.E. 11:35:24 2024-04-26 am EDT 5-day change 1st Jan Change
444.5 GBX +3.37% Intraday chart for Impax Asset Management Group Plc -2.74% -19.18%

Valuation

Fiscal Period: September 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 290 627.7 1,480 682 591.4 570.4 - -
Enterprise Value (EV) 1 258.2 595.2 1,407 571.1 499.9 510 491.1 497.7
P/E ratio - - 38 x 11.7 x 15.4 x 13.9 x 12.7 x 10.9 x
Yield 2.3% 1.69% 1.79% 5.26% 6.02% 5.97% 6.44% 7.01%
Capitalization / Revenue 3.94 x 7.17 x 10.3 x 3.89 x 3.32 x 3.18 x 2.87 x 2.55 x
EV / Revenue 3.5 x 6.8 x 9.84 x 3.26 x 2.8 x 2.84 x 2.47 x 2.22 x
EV / EBITDA - - - 7.97 x 7.91 x 8.55 x 7.23 x 6.22 x
EV / FCF - - 25.5 x 8.1 x 13.2 x 10.9 x 9.1 x 7.74 x
FCF Yield - - 3.92% 12.3% 7.57% 9.18% 11% 12.9%
Price to Book - - 13.4 x 4.92 x - 3.58 x 3.34 x 3.03 x
Nbr of stocks (in thousands) 121,339 123,083 128,431 129,904 128,983 128,322 - -
Reference price 2 2.390 5.100 11.52 5.250 4.585 4.445 4.445 4.445
Announcement Date 12/4/19 12/3/20 12/2/21 11/30/22 11/29/23 - - -
1GBP in Million2GBP
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: September 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 73.7 87.51 143.1 175.4 178.4 179.4 198.7 223.8
EBITDA 1 - - - 71.67 63.18 59.65 67.95 80.01
EBIT 1 17.98 23.25 55.78 67.42 58.1 54.63 64.58 75.79
Operating Margin 24.4% 26.57% 38.99% 38.44% 32.57% 30.45% 32.5% 33.86%
Earnings before Tax (EBT) 1 18.9 - 45.75 72.56 52.11 53.12 62.08 70.93
Net income 1 15.87 - 40.24 59.48 39.22 40.3 46.58 53.43
Net margin 21.53% - 28.13% 33.91% 21.99% 22.46% 23.44% 23.87%
EPS 2 - - 0.3030 0.4470 0.2980 0.3202 0.3497 0.4064
Free Cash Flow 1 - - 55.11 70.48 37.83 46.84 53.98 64.28
FCF margin - - 38.52% 40.18% 21.21% 26.11% 27.17% 28.72%
FCF Conversion (EBITDA) - - - 98.33% 59.88% 78.52% 79.43% 80.34%
FCF Conversion (Net income) - - 136.94% 118.49% 96.46% 116.24% 115.89% 120.29%
Dividend per Share 2 0.0550 0.0860 0.2060 0.2760 0.2760 0.2653 0.2861 0.3117
Announcement Date 12/4/19 12/3/20 12/2/21 11/30/22 11/29/23 - - -
1GBP in Million2GBP
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: September 2019 S2 2020 S1 2022 S1
Net sales - 41.19 -
EBITDA - - -
EBIT - 10.49 -
Operating Margin - 25.47% -
Earnings before Tax (EBT) - - -
Net income 1 - - 26.64
Net margin - - -
EPS 2 - - 0.2010
Dividend per Share 0.0400 0.0180 -
Announcement Date 12/4/19 6/4/20 6/1/22
1GBP in Million2GBP
Estimates

Balance Sheet Analysis

Fiscal Period: September 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - - - -
Net Cash position 1 31.8 32.5 72.4 111 91.5 60.4 79.3 72.7
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 - - 55.1 70.5 37.8 46.8 54 64.3
ROE (net income / shareholders' equity) - - 44.2% 47.8% 28.8% 29.2% 31.3% 33.4%
ROA (Net income/ Total Assets) - - 20.8% 31.7% - - - -
Assets 1 - - 193.4 187.9 - - - -
Book Value Per Share 2 - - 0.8600 1.070 - 1.240 1.330 1.470
Cash Flow per Share 2 - - 0.4200 0.5400 - 0.4100 0.4300 0.5000
Capex 1 - - 0.26 0.8 0.82 5 5 5
Capex / Sales - - 0.18% 0.45% 0.46% 2.79% 2.52% 2.23%
Announcement Date 12/4/19 12/3/20 12/2/21 11/30/22 11/29/23 - - -
1GBP in Million2GBP
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
B-
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
4
Last Close Price
4.445 GBP
Average target price
6.282 GBP
Spread / Average Target
+41.33%
Consensus

Annual profits - Rate of surprise

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