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No consensus estimates are available for this company.
Undervalued
Morningstar Quantitative Rating as of 11 NOV 2026.
Quantitative Equity Rating Methodology – view here
Five-star price 2.33 Fair value 2.76 One-star price 3.26
Morningstar Quantitative Rating as of 11 NOV 2026.
Morningstar Quantitative Rating as of 11 NOV 2026. The slider runs from the five-star price (2.33) to the one-star price (3.26).
| Ratios |
|---|
| Currency (Price/reporting): AUD/AUD |
| Exchange Rate: 1.0000 |
| Price - closing or last bid | 2.29 |
| Price - 12 month high | 3.19 |
| Price - 12 month low | 2.22 |
| Pricing date | 11 NOV 2026 |
| Volume - avg. trading volume for the last ten days | 0.24 |
| Market capitalization | 351.09 |
| 12 Month High price date | 12 FEB 2026 |
| 12 Month Low price date | 15 OCT 2026 |
| Volume - avg. trading volume for the last 3 months | 0.19 |
| Price - 1 Day % Change | -0.43% |
| Price - 13 week price percent change | -21.03% |
| Price - 26 week price percent change | -12.60% |
| Price - 5 Day % Change | -0.43% |
| Price - 52 week price percent change | -25.65% |
| Price - YTD price percent change | -23.92% |
| Price % Change Month To Date | -2.97% |
| EPS excluding extraordinary items - most recent fiscal year | 0.240 |
| EPS excluding extraordinary items - trailing 12 month | 0.240 |
| EPS Normalized - most recent fiscal year | 0.328 |
| Revenue/share - most recent fiscal year | 6.038 |
| Revenue/share - trailing 12 month | 6.038 |
| Book value per share - most recent fiscal year | 1.430 |
| Book value per share - most recent half-year | 1.430 |
| Book value (tangible) per share - most recent fiscal year | 0.155 |
| Book value (tangible) per share - most recent half-year | 0.155 |
| Cash per share - most recent fiscal year | 0.289 |
| Cash per share - most recent half-year | 0.289 |
| Cash Flow per share - most recent fiscal year | 0.539 |
| Cash Flow per share - trailing 12 month | 0.539 |
| Dividend per share - most recent fiscal year | — |
| Dividends per share - trailing 12 month | 0.185 |
| EBITD per share - trailing 12 month | 0.844 |
| EPS Basic excluding extraordinary items - most recent fiscal year | 0.244 |
| EPS Basic excluding extraordinary items - trailing 12 month | 0.244 |
| EPS including extraordinary items - most recent fiscal year | 0.244 |
| EPS including extraordinary items - trailing 12 month | 0.244 |
| Free Cash Flow per share - trailing 12 month | 0.293 |
| P/E excluding extraordinary items, most recent fiscal year | 9.54 |
| P/E Normalized, most recent fiscal year | 6.98 |
| Price to sales - most recent fiscal year | 0.38 |
| Price to Tangible Book - most fiscal year | 14.82 |
| Price to Free Cash Flow per Share - most recent fiscal year | 7.81 |
| Price to Cash Flow per share - trailing 12 month | 4.25 |
| Price to Book - most recent fiscal year | 1.60 |
| P/E excluding extraordinary items high, trailing 12 months | 11.75 |
| P/E excluding extraordinary items low, trailing 12 months | 8.65 |
| Net Debt, LFI | 315.00 |
| Net Debt, LFY | 453.57 |
| Dividend Yield - 5 Year Average | 7.48% |
| Dividend Yield - indicated annual dividend divided by closing price | 8.08% |
| Current Dividend Yield - Common Stock Primary Issue, LTM | 8.08% |
| Free Cash Flow - most recent fiscal year | 45.75 |
| LT debt/equity - most recent fiscal year | 207.15% |
| Payout ratio - most recent fiscal year | — |
| Total debt/total equity - most recent fiscal year | 228.38% |
| LT debt/equity - most recent half-year | 146.45% |
| Total debt/total equity - most recent half-year | 164.16% |
| Free Cash Flow - trailing 12 month | 45.75 |
| Payout ratio - trailing 12 month | — |
| Revenue - most recent fiscal year | 941.77 |
| Revenue - trailing 12 month | 941.77 |
| EBITD - most recent fiscal year | 131.59 |
| EBITD - trailing 12 month | 131.59 |
| Earnings before taxes - most recent fiscal year | 54.83 |
| Earnings before taxes - trailing 12 month | 54.83 |
| Net Income available to common - most recent fiscal year | 37.43 |
| Net Income available to common - trailing 12 months | 37.43 |
| Earnings before taxes Normalized - most recent fiscal year | 70.82 |
| Net Income Available to Common, Normalized - most recent fiscal year | 51.20 |
| Earnings per Share, Normalized, Excluding Extraordinary Items, Avg. Diluted Shares Outstanding, TTM | 0.33 |
| Net Profit Margin % - 1st historical fiscal year | 3.97% |
| Net Profit Margin % - trailing 12 month | 3.97% |
| Operating margin - 1st historical fiscal year | 7.45% |
| Operating margin - trailing 12 month | 7.45% |
| Pretax margin - trailing 12 month | 5.82% |
| Pretax margin - 1st historical fiscal year | 5.82% |
| Operating Margin - 5 year average | 6.33% |
| Pretax Margin - 5 year average | 4.92% |
| Free Operating Cash Flow/Revenue, 5 Year Average | 6.34% |
| Free Operating Cash Flow/Revenue, TTM | 4.86% |
| Net Profit Margin - 5 year average | 3.40% |
| Return on average assets - most recent fiscal year | 4.76% |
| Return on average assets - trailing 12 month | 4.76% |
| Return on average equity - most recent fiscal year | 17.20% |
| Return on average equity - trailing 12 month | 17.20% |
| Return on average assets - 5 year average | 4.53% |
| Return on average equity - 5 year average | 15.24% |
| Net Income/employee - most recent fiscal year | — |
| Revenue/employee - most recent fiscal year | — |
| Revenue growth rate, 5 year | 7.49% |
| EPS growth rate, 5 year | 3.76% |
| Growth rate% - dividend, 3 year | 0.94% |
| Revenue/share (5 yr growth) | 6.32% |
| Growth rate% - Revenue, 3 year | -0.99% |
| Growth rate% - EPS, 3 year | 29.70% |
| Book value per share growth rate, 5 year | 2.93% |
| Capital Spending growth rate, 5 year | 32.18% |
| Earnings Before Interest, Taxes, Depreciation & Amortization, 5 Year CAGR | 6.45% |
Financial forecast (AUD, millions except per share)
No consensus estimates are available for this company.
Financials (AUD, millions)
| Period end: | JUN 22 | JUN 23 | JUN 24 | JUN 25 | JUN 26 |
| Fiscal year: | 2022 | 2023 | 2024 | 2025 | 2026 |
| Period length: | 12 months | 12 months | 12 months | 12 months | 12 months |
Announcements
| DATE | TIME | HEADING | PAGES |
| Price sensitive |
IGL +0.74% reported FY26 results on 26th August that were reasonable in a difficult operating environment, with earnings broadly in line with guidance and the dividend slightly better than expected. FY27 guidance points to another year of broadly flat earnings, leaving the investment case resting heavily on valuation, yield and the prospect that recent investment starts to generate better growth further out.
IGL is Australia’s leading integrated marketing business. From designing and executing marketing campaigns to printing, packaging, logistics and digital customer experiences, they are a true end-to-end services provider, servicing household names like Qantas, Reece, KIA, REA, Ladbrokes, and now Domino’s, following an interesting deal announced this week.
IGL is Australia’s leading integrated marketing business, which we’ve owned in the past, that does everything from designing a marketing campaign, to print and communications, in-store merchandise & retail display to digital and customer experience.
IVE +6.36%: The integrated marketing company reported a very strong 1H25 result this morning, and while things will likely moderate in the 2H, their earnings relative to their depressed multiple and high yield is a compelling combo;
The integrated marketing business trades on an Est 1-year forward PE of just 7.8x and a forecast yield of 8.7% fully franked over the coming 12-months, with FY25 likely to see strong earnings growth due to a full year of synergies from their Ovato acquisition in 2022 and a full 12 months from the Jak Pak acquisition they made in 2023. The concern around IGL that we’ve flagged previously was twofold.
IVE -0.92%: The integrated marketing business reported a 1% increase in revenue for the half to $506m, around a 5% miss to expectations however, better margins provided an offset for earnings (NPAT) that came in at $22.7m, around 2% below expectations.
The integrated marketing/printing business reported last week and while growth at the top line was solid with revenue of $970m, up +28% from FY22, it was driven by their acquisition of Ovato during the period. Profit was okay, slightly below expectations however it was their outlook for growth that has the market disappointed. It was thought that they would be able to successfully drive better margins through the scale they achieved during FY23, making FY24 a strong year for the company, however, their guidance was weaker than expected.
IGL -8.75%: Hit today as FY23 results came in a touch light v expectations while it was FY24 guidance that prompted the sell-off. FY23 Revenue of $970m was a ~1% miss, as was EBITDA ($119m v $120m exp) and NPAT $39.7m v $40.6m expected.
IGL+2.71%: all-time highs, at least briefly, for the integrated marketing company on the first half result that came with an upgrade to guidance. EBITDA of $65m was strong with EBITDA margins up to 12.9%.
IGL (halt): The integrated marketing company was in a trading halt today raising $18m in an institutional placement at $2.25 while major shareholder the Selig Family are selling down 4.5m shares on the same terms (around 30% of their holding). There will be a small $2m Share Purchase Plan on the same terms with details to come for existing shareholders. The deal is to fund future growth while the sell-down is being sold as a way of improving liquidity in the stock.
MM is mildly positive IGL ~$2.70
MM is bullish on IGL, adding it back on the Hitlist for the Emerging Companies Portfolio
MM is bullish IGL ~$2.24
MM is bullish IGL ~$2.35
MM is now bullish on IGL ~$2.10
MM has turned neutral on IGL
MM is considering IGL into weakness for Income
MM likes IGL below $2.20
MM is neutral to bullish IGL
MM remains positive on IGL ~$2.25
IVE Group Ltd is an integrated marketing solutions provider with a diversified portfolio of capabilities spanning creative and content, print, packaging, brand activations, merchandise and apparel, third-party logistics (3PL), eCommerce, customer experience (CX) and data. The Group generates revenue by providing marketing, communications and fulfilment products and services to a broad, blue-chip client base across multiple sectors. Its services include Creative & Content, CX& Data, eCommerce, Brand Activations, Merchandise, Print, Packaging, Apparel, Third-Party Logistics (3PL) and Customer Experience (CX).
Video Update: Discussing 3 of our dud stocks & 3 of our winners
Recorded 10th November
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