Financials IG Design Group plc

Equities

Market Closed - London S.E. Other stock markets 11:35:24 2024-06-28 EDT			5-day change	1st Jan Change
217.5 ^GBX	-3.33%		-6.65%	+47.46%

06-25	Transcript : IG Design Group plc, 2024 Earnings Call, Jun 25, 2024
06-25	IG Design returns to profit despite revenue slump in pivotal year	AN

Fiscal Period: March	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	416.4	500.9	571.3	64.99	189.6	207.2	-	-
Enterprise Value (EV) ¹	401	535.6	517	40.44	149.9	111.4	122.5	109.8
P/E ratio	33.3 x	30.8 x	99 x	-25 x	-8.75 x	4.05 x	13.3 x	9.79 x
Yield	1.6%	1.68%	1.48%	2.06%	-	-	2.74%	3.98%
Capitalization / Revenue	0.93 x	1.01 x	0.92 x	0.08 x	0.27 x	0.18 x	0.32 x	0.31 x
EV / Revenue	0.89 x	1.08 x	0.83 x	0.05 x	0.22 x	0.18 x	0.19 x	0.16 x
EV / EBITDA	10.4 x	11.1 x	9.4 x	1.3 x	3.96 x	2.31 x	2.29 x	1.85 x
EV / FCF	12 x	49.2 x	44.7 x	-3.54 x	4.79 x	3.55 x	12.4 x	6.72 x
FCF Yield	8.31%	2.03%	2.24%	-28.3%	20.9%	28.2%	8.08%	14.9%
Price to Book	2.43 x	1.43 x	2.19 x	0.22 x	0.74 x	0.82 x	0.75 x	0.74 x
Nbr of stocks (in thousands)	78,273	96,336	96,827	96,995	96,962	95,252	-	-
Reference price ²	5.320	5.200	5.900	0.6700	1.955	2.175	2.175	2.175
Announcement Date	6/11/19	7/28/20	6/15/21	6/28/22	6/20/23	6/25/24	-	-

¹GBP in Million²GBP

Estimates

Fiscal Period: March	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	448.4	494.2	619.8	784.4	695.7	631.3	649.5	675
EBITDA ¹	38.7	48.1	55	31.13	37.82	48.21	53.55	59.28
EBIT ¹	32.65	33.42	29.81	3.089	12.58	24.54	31.92	37.35
Operating Margin	7.28%	6.76%	4.81%	0.39%	1.81%	3.89%	4.92%	5.53%
Earnings before Tax (EBT) ¹	17.28	0.263	10.42	1.789	-14.77	18.78	26.95	32.54
Net income	11.92	14.06	5.825	-	-	-	-	-
Net margin	2.66%	2.84%	0.94%	-	-	-	-	-
EPS ²	0.1600	0.1690	0.0596	-0.0268	-0.2235	0.2888	0.1631	0.2222
Free Cash Flow ¹	33.32	10.88	11.57	-11.43	31.29	37	9.905	16.34
FCF margin	7.43%	2.2%	1.87%	-1.46%	4.5%	5.81%	1.53%	2.42%
FCF Conversion (EBITDA)	86.09%	22.62%	21.03%	-	82.74%	74.81%	18.5%	27.57%
FCF Conversion (Net income)	279.39%	77.37%	198.6%	-	-	-	-	-
Dividend per Share ²	0.0850	0.0875	0.0875	0.0138	-	-	0.0596	0.0866
Announcement Date	6/11/19	7/28/20	6/15/21	6/28/22	6/20/23	6/25/24	-	-

¹GBP in Million²GBP

Estimates

Fiscal Period: March	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	-	34.7	-	-	-	-	-	-
Net Cash position ¹	15.4	-	54.3	24.5	39.6	75.9	84.7	97.4
Leverage (Debt/EBITDA)	-	0.7209 x	-	-	-	-	-	-
Free Cash Flow ¹	33.3	10.9	11.6	-11.4	31.3	37	9.91	16.3
ROE (net income / shareholders' equity)	8.89%	9.47%	6.72%	-0.88%	0.41%	3.7%	6%	7.4%
ROA (Net income/ Total Assets)	5.52%	-	3.48%	-0.45%	-	-	-	-
Assets	216.1	-	167.6	-	-	-	-	-
Book Value Per Share ²	2.190	3.620	2.700	3.080	2.630	2.650	2.890	2.930
Cash Flow per Share	0.5200	0.2300	0.1900	-	-	-	-	-
Capex ¹	5.7	8.13	7.39	6.82	-	7.98	7.88	7.88
Capex / Sales	1.27%	1.65%	1.19%	0.87%	-	1.25%	1.21%	1.17%
Announcement Date	6/11/19	7/28/20	6/15/21	6/28/22	6/20/23	6/25/24	-	-

¹GBP in Million²GBP

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

C-

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

2.175 GBP

Average target price

3.017 GBP

Spread / Average Target

+38.70%

	1st Jan change	Capi.
IG DESIGN GROUP PLC	+47.46%	262M
PACKAGING CORPORATION OF AMERICA	+12.06%	16.27B
INTERNATIONAL PAPER COMPANY	+19.36%	14.99B
KAPLAMIN AMBALAJ SANAYI VE TICARET	+171.72%	14.43B
WESTROCK COMPANY	+21.05%	12.97B
SMURFIT KAPPA GROUP PLC	+15.94%	11.55B
STORA ENSO OYJ	+1.84%	10.76B
MONDI PLC	-10.21%	8.46B
GRAPHIC PACKAGING HOLDING COMPANY	+6.33%	8.05B
DS SMITH PLC	+37.00%	7.33B