Cash flow IP Group Plc

Equities

IPO

GB00B128J450

Investment Management & Fund Operators

Market Closed - London S.E. Other stock markets 11:35:22 2024-12-12 am EST			5-day change	1st Jan Change
52.10 ^GBX	+1.36%		+8.20%	-10.33%

Dec. 09	IP Group to Divest Minority Stakes in Nine Portfolio Companies	MT
Nov. 18	IP Group investee AMSL Aero completes first free flight of Vertiia	AN

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Published financial data: IP GROUP PLC

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	8.6M	6.2M	13.6M	7.1M	5.9M
Gain (Loss) on Sale of Investment, Total (Rev)	-55.2M	228M	499M	-309M	-160M
Other Revenues, Total	-	-	-	-	-
Total Revenues	-46.6M	234M	513M	-302M	-155M
Gross Profit	-46.6M	234M	513M	-302M	-155M
Selling General & Admin Expenses, Total	37.6M	45.4M	53M	42.3M	25.9M
R&D Expenses	-	-	-	-	-
Amortization of Goodwill and Intangible Assets - (IS)	300K	-	-	-	-
Other Operating Expenses, Total	37.9M	45.4M	53M	42.3M	25.9M
Operating Income	-84.5M	189M	460M	-344M	-180M
Interest Expense, Total	-3.6M	-2.4M	-1.8M	-1.4M	-5.6M
Interest And Investment Income	1.2M	900K	400K	2.2M	9.8M
Net Interest Expenses	-2.4M	-1.5M	-1.4M	800K	4.2M
Other Non Operating Income (Expenses)	100K	-	-1.9M	500K	-
EBT, Excl. Unusual Items	-86.8M	187M	456M	-343M	-176M
Merger & Related Restructuring Charges	-	-	-	-	-
Impairment of Goodwill	-	-	-	-	-
Gain (Loss) On Sale Of Assets	10.6M	-	-3.8M	-	-
Asset Writedown	-	-	-	-	-
Other Unusual Items	-2.5M	-1.2M	-	-	-
EBT, Incl. Unusual Items	-78.7M	186M	453M	-343M	-176M
Income Tax Expense	100K	700K	5.3M	1M	-1.9M
Earnings From Continuing Operations	-78.8M	185M	447M	-344M	-174M
Net Income to Company	-78.8M	185M	447M	-344M	-174M
Minority Interest	3.4M	-	1.1M	2.5M	3.5M
Net Income - (IS)	-75.4M	185M	448M	-342M	-171M
Net Income to Common Incl Extra Items	-75.4M	185M	448M	-342M	-171M
Net Income to Common Excl. Extra Items	-75.4M	185M	448M	-342M	-171M
Per Share Items
Net EPS - Basic	-0.07	0.17	0.42	-0.33	-0.16
Basic EPS - Continuing Operations	-0.07	0.17	0.42	-0.33	-0.16
Basic Weighted Average Shares Outstanding	1.06B	1.06B	1.06B	1.03B	1.04B
Net EPS - Diluted	-0.07	0.17	0.42	-0.33	-0.17
Diluted EPS - Continuing Operations	-0.07	0.17	0.42	-0.33	-0.17
Diluted Weighted Average Shares Outstanding	1.06B	1.07B	1.08B	1.03B	1.04B
Normalized Basic EPS	-0.05	0.11	0.27	-0.2	-0.1
Normalized Diluted EPS	-0.05	0.11	0.27	-0.2	-0.1
Dividend Per Share	-	0.01	0.01	0.01	0.01
Payout Ratio	-	-	3.34	-3.6	-7.61
Supplemental Items
EBITDA	-83M	190M	461M	-344M	-180M
EBITA	-84.2M	189M	460M	-344M	-180M
EBIT	-84.5M	189M	460M	-344M	-180M
EBITDAR	-	-	-	-	-
Total Revenues (As Reported)	-36M	234M	509M	-302M	-155M
Effective Tax Rate - (Ratio)	-0.13	0.38	1.17	-0.29	1.08
Current Foreign Taxes	100K	100K	100K	-	-
Total Current Taxes	100K	100K	100K	-	-
Total Deferred Taxes	-	600K	5.2M	1M	-1.9M
Normalized Net Income	-50.85M	117M	286M	-212M	-107M
Interest on Long-Term Debt	3.6M	2.4M	1.8M	1.4M	5.6M
Supplemental Operating Expense Items
General and Administrative Expenses	37.6M	45.4M	53M	42.3M	25.9M
Research And Development Expense From Footnotes	-	-	-	-	-
Net Rental Expense, Total	-	-	-	-	-
Imputed Operating Lease Interest Expense	-	-	-	-	-
Imputed Operating Lease Depreciation	-	-	-	-	-
Stock-Based Comp., G&A Exp. (Total)	1M	17.2M	19.8M	14.9M	-2.1M
Stock-Based Comp., Other (Total)	-	2M	-	-	-
Total Stock-Based Compensation	1M	19.2M	19.8M	14.9M	-2.1M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	122M	128M	106M	88.7M	101M
Short Term Investments	73M	143M	216M	153M	126M
Total Cash And Short Term Investments	195M	270M	322M	242M	227M
Accounts Receivable, Total	1.5M	1.5M	1.7M	2.1M	8.2M
Other Receivables	28.2M	16M	14.6M	46.5M	1.4M
Total Receivables	29.7M	17.5M	16.3M	48.6M	9.6M
Prepaid Expenses	600K	600K	400K	800K	-
Other Current Assets, Total	2M	800K	1.2M	700K	-
Total Current Assets	227M	289M	340M	292M	236M
Net Property Plant And Equipment	1.1M	800K	300K	400K	1.4M
Long-term Investments	1.07B	1.18B	1.51B	1.26B	1.17B
Goodwill	400K	400K	400K	400K	400K
Other Intangibles, Total	0	-	-	-	-
Other Long-Term Assets, Total	-	-	31.3M	6.9M	7.8M
Total Assets	1.3B	1.48B	1.88B	1.56B	1.41B
Liabilities
Accounts Payable, Total	1.4M	600K	500K	1.3M	500K
Accrued Expenses, Total	11.2M	7.4M	8.5M	7.6M	8.3M
Current Portion of Long-Term Debt	15.4M	15.4M	15.4M	6.3M	6.3M
Current Portion of Leases	2.1M	900K	1.3M	900K	1.4M
Current Income Taxes Payable	100K	-	-	-	-
Other Current Liabilities	11.2M	2.1M	8.4M	7.1M	6.9M
Total Current Liabilities	41.4M	26.4M	34.1M	23.2M	23.4M
Long-Term Debt	93.1M	84.8M	55.1M	94.6M	149M
Deferred Tax Liability Non Current	-	-	5.8M	6.8M	4.8M
Other Non Current Liabilities	19.3M	32.2M	46.2M	57.1M	44.4M
Total Liabilities	154M	143M	141M	182M	221M
Common Stock, Total	21.2M	21.3M	21.3M	21.3M	21.3M
Additional Paid In Capital	99.7M	102M	102M	102M	102M
Retained Earnings	1.02B	1.21B	1.62B	1.26B	1.08B
Comprehensive Income and Other	-	-	-	-	-
Total Common Equity	1.14B	1.33B	1.74B	1.38B	1.2B
Minority Interest	500K	500K	-3.1M	-5.6M	-9.1M
Total Equity	1.14B	1.33B	1.74B	1.38B	1.19B
Total Liabilities And Equity	1.3B	1.48B	1.88B	1.56B	1.41B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	1.06B	1.06B	1.04B	1.04B	1.04B
ECS Total Common Shares Outstanding	1.06B	1.06B	1.04B	1.04B	1.04B
Book Value / Share	1.08	1.25	1.67	1.33	1.16
Tangible Book Value	1.14B	1.33B	1.74B	1.38B	1.2B
Tangible Book Value Per Share	1.08	1.25	1.67	1.33	1.16
Total Debt	111M	101M	71.8M	102M	156M
Net Debt	-84.3M	-169M	-250M	-140M	-70.5M
Debt Equivalent Oper. Leases	-	-	-	-	-
Minority Interest, Total (Incl. Fin. Div)	500K	500K	-3.1M	-5.6M	-9.1M
Equity Method Investments, Total	21.4M	-	-	-	600K
Account Code - Inventory Valuation	3	3	3	3	3
Full Time Employees	111	101	100	94	95

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	-75.4M	185M	448M	-342M	-171M
Depreciation & Amortization - CF	2.3M	2.6M	1.6M	600K	600K
Amortization of Goodwill and Intangible Assets - (CF)	300K	-	-	-	-
Depreciation & Amortization, Total	2.6M	2.6M	1.6M	600K	600K
(Gain) Loss From Sale Of Asset	-10.6M	-	3.8M	-	-
(Gain) Loss on Sale of Investments - (CF)	55.2M	-228M	-499M	309M	160M
Asset Writedown & Restructuring Costs	-	-	-	-	-
Stock-Based Compensation (CF)	1M	17M	19.8M	14.9M	-2.1M
Other Operating Activities, Total	-4.2M	1.4M	5.4M	-3.1M	-6M
Change In Accounts Receivable	1.6M	2.1M	-3M	-500K	1.3M
Change In Accounts Payable	9.5M	-14.8M	8.8M	-2.8M	-300K
Change in Other Net Operating Assets	3M	6.8M	24.3M	-200K	-1M
Cash from Operations	-17.3M	-27.5M	10M	-23.5M	-17.9M
Capital Expenditure	-700K	-	-200K	-300K	-
Cash Acquisitions	-	-	-	-	-
Divestitures	-2.5M	-	-7.1M	-	-
Investment in Marketable and Equity Securities, Total	27M	49.6M	33.6M	-2M	-8.5M
Other Investing Activities, Total	-	-	-	-	4.1M
Cash from Investing	23.8M	49.6M	26.3M	-2.3M	-4.4M
Long-Term Debt Issued, Total	-	-	-	59.4M	60M
Total Debt Issued	-	-	-	59.4M	60M
Long-Term Debt Repaid, Total	-16.5M	-16.4M	-16.1M	-30.3M	-6.7M
Total Debt Repaid	-16.5M	-16.4M	-16.1M	-30.3M	-6.7M
Issuance of Common Stock	-	-	-	-	-
Repurchase of Common Stock	-	-	-27.2M	-8M	-100K
Common Dividends Paid	-	-	-15M	-12.3M	-13M
Common & Preferred Stock Dividends Paid	-	-	-15M	-12.3M	-13M
Other Financing Activities, Total	2.9M	-	-	-	-5.5M
Cash from Financing	-13.6M	-16.4M	-58.3M	8.8M	34.7M
Foreign Exchange Rate Adjustments	-	-	100K	-	-200K
Net Change in Cash	-7.1M	5.7M	-21.9M	-17M	12.2M
Supplemental Items
Cash Interest Paid	-	-	1.5M	-	5.5M
Levered Free Cash Flow	-70.46M	138M	316M	-234M	-77.61M
Unlevered Free Cash Flow	-68.21M	139M	317M	-234M	-74.11M
Change In Net Working Capital	18.3M	400K	-8.3M	33.6M	-40.2M
Net Debt Issued / Repaid	-16.5M	-16.4M	-16.1M	29.1M	53.3M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	-3.96	8.52	17.13	-12.52	-7.6
Return on Total Capital	-4.08	8.79	17.72	-13.09	-7.99
Return On Equity %	-6.68	14.99	29.15	-22.09	-13.59
Return on Common Equity	-6.4	15	29.19	-21.87	-13.24
Margin Analysis
Gross Profit Margin %	100	100	100	100	100
SG&A Margin	-80.69	19.39	10.34	-14.01	-16.75
EBITDA Margin %	178.11	81.21	89.98	113.81	116.36
EBITA Margin %	180.69	80.61	89.66	114.01	116.75
EBIT Margin %	181.33	80.61	89.66	114.01	116.75
Income From Continuing Operations Margin %	169.1	79.16	87.25	113.91	112.81
Net Income Margin %	161.8	79.16	87.46	113.08	110.54
Net Avail. For Common Margin %	161.8	79.16	87.46	113.08	110.54
Normalized Net Income Margin	109.12	49.98	55.85	70.16	69.01
Levered Free Cash Flow Margin	151.21	58.88	61.57	77.64	50.2
Unlevered Free Cash Flow Margin	146.38	59.52	61.79	77.35	47.94
Asset Turnover
Asset Turnover	-0.03	0.17	0.31	-0.18	-0.1
Fixed Assets Turnover	-35.85	246.53	932.36	-862.86	-171.78
Receivables Turnover (Average Receivables)	2.97	4.28	8.5	3.74	1.15
Short Term Liquidity
Current Ratio	5.49	10.95	9.96	12.57	10.11
Quick Ratio	5.43	10.9	9.92	12.5	10.11
Operating Cash Flow to Current Liabilities	-0.42	-1.04	0.29	-1.01	-0.76
Days Sales Outstanding (Average Receivables)	123.08	85.6	42.94	97.68	318.6
Long Term Solvency
Total Debt/Equity	9.69	7.59	4.13	7.4	13.14
Total Debt / Total Capital	8.83	7.06	3.97	6.89	11.61
LT Debt/Equity	8.15	6.37	3.17	6.87	12.49
Long-Term Debt / Total Capital	7.43	5.92	3.04	6.4	11.04
Total Liabilities / Total Assets	11.87	9.72	7.51	11.66	15.68
EBIT / Interest Expense	-23.47	78.67	255.44	-245.93	-32.23
EBITDA / Interest Expense	-22.75	79.75	256.33	-245.5	-32.12
(EBITDA - Capex) / Interest Expense	-22.94	79.75	256.22	-245.71	-32.12
Total Debt / EBITDA	-1.35	0.53	0.16	-0.3	-0.87
Net Debt / EBITDA	1.03	-0.88	-0.54	0.41	0.39
Total Debt / (EBITDA - Capex)	-1.34	0.53	0.16	-0.3	-0.87
Net Debt / (EBITDA - Capex)	1.02	-0.88	-0.54	0.41	0.39
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	28.73	-602.58	118.96	-158.89	-48.81
Gross Profit, 1 Yr. Growth %	28.73	-602.58	118.96	-158.89	-48.81
EBITDA, 1 Yr. Growth %	11.71	-329.16	142.59	-174.49	-47.66
EBITA, 1 Yr. Growth %	11.52	-324.23	143.54	-174.88	-47.57
EBIT, 1 Yr. Growth %	-1.05	-323.43	143.54	-174.88	-47.57
Earnings From Cont. Operations, 1 Yr. Growth %	-73.19	-335.28	141.32	-176.51	-49.38
Net Income, 1 Yr. Growth %	-74.34	-345.89	141.91	-176.14	-50.03
Normalized Net Income, 1 Yr. Growth %	-6.63	-330.21	144.67	-174.19	-49.72
Diluted EPS Before Extra, 1 Yr. Growth %	-74.34	-343.82	140.09	-179.2	-50
Accounts Receivable, 1 Yr. Growth %	-65.12	7.14	13.33	23.53	290.48
Net Property, Plant and Equip., 1 Yr. Growth %	-26.67	-27.27	-62.5	33.33	250
Total Assets, 1 Yr. Growth %	-5.65	13.86	27.38	-17.11	-9.39
Tangible Book Value, 1 Yr. Growth %	-5.98	16.65	30.79	-20.65	-13.2
Common Equity, 1 Yr. Growth %	-6	16.65	30.78	-20.65	-13.19
Cash From Operations, 1 Yr. Growth %	-30.52	58.96	-136.36	-335	-23.83
Capital Expenditures, 1 Yr. Growth %	16.67	-	-	50	-
Levered Free Cash Flow, 1 Yr. Growth %	55.03	-295.71	130.98	-174.26	-66.9
Unlevered Free Cash Flow, 1 Yr. Growth %	56.54	-304.36	129.29	-173.72	-68.27
Dividend Per Share, 1 Yr. Growth %	-	-	20	5	-59.52
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-10.67	154.35	231.73	13.56	-45.09
Gross Profit, 2 Yr. CAGR %	-10.67	154.35	231.73	13.56	-45.09
EBITDA, 2 Yr. CAGR %	94.68	60	135.78	34.43	-37.56
EBITA, 2 Yr. CAGR %	100.24	58.13	133.68	35.04	-37.35
EBIT, 2 Yr. CAGR %	122.3	48.69	133.27	35.04	-37.35
Earnings From Cont. Operations, 2 Yr. CAGR %	21.48	-20.58	138.28	36.21	-37.72
Net Income, 2 Yr. CAGR %	23.17	-20.56	143.89	35.72	-38.27
Normalized Net Income, 2 Yr. CAGR %