IVE GROUP LIMITED (IGL)
Share Price Analysis and Chart

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IGL - IVE GROUP LIMITED

FNArena Sector : Media
Year End: June
GICS Industry Group : Media
Debt/EBITDA: 2.53
Index: ALL-ORDS

LAST PRICE CHANGE +/- CHANGE % VOLUME

$1.97

07 Dec
2023

-0.010

OPEN

$1.98

-0.51%

HIGH

$1.98

397,544

LOW

$1.95

TARGET
$2.675 35.8% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
EGG . SEG . SLM .
FNARENA'S MARKET CONSENSUS FORECASTS
IGL: 1
Title FY22
Actual		 FY23
Actual		 FY24
Forecast		 FY25
Forecast
EPS (cps) xxx 11.4 26.9 xxx
DPS (cps) xxx 18.0 19.0 xxx
EPS Growth xxx - 39.2% 100.0% xxx
DPS Growth xxx 9.1% 5.6% xxx
PE Ratio xxx N/A 7.3 xxx
Dividend Yield xxx N/A 9.6% xxx
Div Pay Ratio(%) xxx 157.5% 70.6% xxx

Dividend yield today if purchased 3 years ago: 13.95%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 9.11

Estimated Dividend Growth
(Average Of Past Three Years)

  %

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages

Last ex-div: 13/09 - ex-div 8.5c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2023 FactSet UK Limited. All rights reserved
Title 201820192020202120222023
EPS Basic xxxxxxxxxxxxxxx11.4
DPS All xxxxxxxxxxxxxxx18.0
Sales/Revenue xxxxxxxxxxxxxxx970.2 M
Book Value Per Share xxxxxxxxxxxxxxx127.3
Net Operating Cash Flow xxxxxxxxxxxxxxx23.2 M
Net Profit Margin xxxxxxxxxxxxxxx1.77 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201820192020202120222023
Return on Capital Employed xxxxxxxxxxxxxxx9.12 %
Return on Invested Capital xxxxxxxxxxxxxxx4.00 %
Return on Assets xxxxxxxxxxxxxxx2.57 %
Return on Equity xxxxxxxxxxxxxxx9.12 %
Return on Total Capital xxxxxxxxxxxxxxx14.04 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-14.1 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 201820192020202120222023
Short-Term Debt xxxxxxxxxxxxxxx40 M
Long Term Debt xxxxxxxxxxxxxxx260 M
Total Debt xxxxxxxxxxxxxxx300 M
Goodwill - Gross xxxxxxxxxxxxxxx150 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx45 M
Price To Book Value xxxxxxxxxxxxxxx1.81

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201820192020202120222023
Capex xxxxxxxxxxxxxxx11.4 M
Capex % of Sales xxxxxxxxxxxxxxx1.17 %
Cost of Goods Sold xxxxxxxxxxxxxxx756 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx149 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx-

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

1.0

No. Of Recommendations

2
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

UBS

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
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Bell Potter

26/10/2023

1

Buy

$2.65

34.52%

IVE Group has purchased 100% of JacPak, a Melbourne-based folding cartons packaging company for $35m, comprising: $28m on completion; $4m in deferred consideration; and $3m in equipment finance leases.

JacPak's FY23m revenue was $45m, and earnings (EBITDA) $6m, so the price equates to an EBITDA multiple of 5.8x, estimates the broker. Management forecasts synergies of $2.4m by July 1, cutting that multiple to 4.2x observes Bell Potter.

The broker estimates the deal will be 7% accretive in FY24. The deal will be funded from the company's acquisition facility.

EPS forecasts rise 3% in FY24; 5% in FY24; and 7% in FY26.

Buy rating retained. Target price falls to $2.65 from $2.75.

FORECAST
Bell Potter forecasts a full year FY24 dividend of 19.00 cents and EPS of 27.80 cents.
Bell Potter forecasts a full year FY25 dividend of 21.00 cents and EPS of 32.00 cents.
Access Stockbroker Research History >

IGL STOCK CHART

FNArena News on IGL

1
FNArena Corporate Results Monitor – 25-08-2023

Aug 25 2023 - Australia
2
Ovato Integration Lifts Growth Outlook For IVE Group

Mar 09 2023 - Small Caps
3
Australian Broker Call *Extra* Edition – Mar 08, 2023

Mar 08 2023 - Daily Market Reports
4
Rudi’s View: February Trends, Winners, Signals & Losers

Mar 08 2023 - Rudi's View
5
Australian Broker Call *Extra* Edition – Jan 25, 2023

Jan 25 2023 - Daily Market Reports

Latest Media News

1
oOh!media: Positive Signals

Apr 03 2023 - Australia
2
Ovato Integration Lifts Growth Outlook For IVE Group

Mar 09 2023 - Small Caps
3
Treasure Chest: Media Beholden To Cyclical Downturn

Jun 01 2022 - Treasure Chest
4
Content Investment Key To Nine Entertainment

Aug 30 2021 - Australia
5
Delayed Recovery Ahead For oOh!media

Aug 25 2021 - Small Caps
6
Heightened Interest In News Corp Buybacks

Aug 09 2021 - Australia
7
Treasure Chest: Opportunity In oOh!media

Aug 03 2021 - Treasure Chest
8
Nine Entertainment’s Digital Deal Welcomed

Jun 02 2021 - Australia
9
Radio Recovery Lights Up Southern Cross Media

Mar 04 2021 - Australia
10
oOh!media Reaps As Domestic Travel Returns

Dec 14 2020 - Small Caps