IG Group Holdings (IGG)

Sector:

Financials

Index:

FTSE 250

 965.50p
   
  • Change Today:
      0.000p
  • 52 Week High: 992.00
  • 52 Week Low: 672.50
  • Currency: UK Pounds
  • Shares Issued: 355.20m
  • Volume: 0
  • Market Cap: £3,429.44m
  • RiskGrade: 149
  • Beta: 0.84

Key Financials

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Growth Metrics 31-May-24 31-May-23 31-May-22 31-May-21 31-May-20
Annualisation Factor 1.0 1.0 1.0 n/a 1.0
Dividend Yield 5.7% 6.7% 6.2% 5.0% 5.6%
           
Continuing Operations          
PE Ratio - Adjusted 9.0 7.1 7.4 8.0 11.7
PE Ratio - Diluted 10.3
15.7		 7.8
9.2		 7.8
7.9		 8.7
8.2		 11.8
11.8
PEG - Adjusted n/a n/a n/a 0.1 0.2
PEG - Diluted n/a
n/a		 n/a
n/a		 n/a
n/a		 0.2
0.1		 0.2
0.2
Return on Capital Employed n/a
n/a		 n/a
n/a		 n/a
n/a		 n/a
n/a		 n/a
n/a
Operating Margin 43.18%
43.34%		 46.17%
50.45%		 49.97%
49.35%		 53.11%
55.43%		 45.01%
45.01%
           
Continuing & Discontinued Operations          
PE Ratio - Adjusted 9.0 7.1 7.4 791.3 11.7
PE Ratio - Diluted 10.3
10.3		 7.8
9.1		 6.1
6.2		 849.9
807.6		 11.8
11.8
PEG - Adjusted n/a n/a 0.0 n/a 0.2
PEG - Diluted n/a
1.5		 n/a
n/a		 0.0
0.0		 n/a
n/a		 0.2
0.2

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing 31-May-24 31-May-23 31-May-22 31-May-21 31-May-20
Net Gearing (35.00%) (23.84%) (60.39%) (47.06%) (38.17%)

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Value Metrics 31-May-24 31-May-23 31-May-22 31-May-21 31-May-20
Price/Book Value 2.9 2.5 2.7 3.2 3.6
Price/Tangible Book Value 2.9 2.5 2.7 3.2 3.6
Price/ Cash Flow 7.9 15.7 4.3 6.5 9.6
Price/Revenue 3.68 2.96 3.11 370.10 4.28
Price/R&D n/a n/a n/a n/a n/a
Net Asset Value per Share (exc. Intangibles) 276.94p 269.19p 265.31p 269.06p 214.27p
Net Cash per Share n/a n/a n/a n/a n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Annualised Fundamentals 31-May-24 31-May-23 31-May-22 31-May-21 31-May-20
Continuing Operations          
Revenue 852.40 949.70 982.00 8.55 657.70
EBITDA 323.60
324.90		 408.90
449.50		 547.20
541.10		 4.79
4.99		 321.60
321.60
Depreciation 44.50
44.50		 29.60
29.60		 (56.50)
(56.50)		 (0.25)
(0.25)		 (25.60)
(25.60)
Net Interest 35.10
35.10		 14.00
14.00		 (11.40)
(10.40)		 (0.04)
(0.04)		 (0.10)
(0.10)
Profit Before Tax 400.80
402.10		 449.90
490.50		 477.00
471.90		 4.50
4.70		 295.90
295.90
           
Revenue per Share 219.82p 226.82p 230.36p 2.32p 178.68p
Pre-Tax Profit per Share 103.36p
103.69p		 107.45p
117.15p		 111.90p
110.70p		 1.22p
1.27p		 80.39p
80.39p
Market Capitalisation £ (Millions) 3,022.06 2,748.13 3,087.92 3,173.47 2,826.21
Enterprise Value (EV) £ (Millions) 3,307.36 3,051.43 3,060.52 3,239.07 2,923.21
EBITDA/EV 9.78%
9.82%		 13.40%
14.73%		 17.88%
17.68%		 0.15%
0.15%		 11.00%
11.00%
Operating Margin 43.18%
43.34%		 46.17%
50.45%		 49.97%
49.35%		 53.11%
55.43%		 45.01%
45.01%
Capital Employed £ (Millions) 1,447.10 1,506.20 1,220.10 1,116.00 918.40
Return on Capital Employed n/a
n/a		 n/a
n/a		 n/a
n/a		 n/a
n/a		 n/a
n/a
Invested Equity Capital £ (Millions) 1,940.80 2,075.40 2,095.00 1,134.10 936.60
           
Earnings per Share - Basic 79.40p
52.35p		 86.90p
74.11p		 92.90p
91.04p		 99.80p
105.15p		 65.30p
65.31p
Earnings per Share - Diluted 78.40p
51.73p		 86.10p
73.43p		 92.10p
90.28p		 99.00p
104.24p		 64.90p
64.86p
Earnings per Share - Adjusted 90.30p 94.70p 96.30p 107.30p 65.30p
Earnings per Share Growth - Basic -9%
-29%		 -6%
-19%		 -7%
-13%		 53%
61%		 52%
52%
Earnings per Share Growth - Diluted -9%
-30%		 -6%
-19%		 -7%
-13%		 52%
61%		 52%
52%
Earnings per Share Growth - Adjusted -5% -2% -10% 64% 52%
PE Ratio - Diluted 10.3
15.7		 7.8
9.2		 7.8
7.9		 8.7
8.2		 11.8
11.8
PEG - Diluted n/a
n/a		 n/a
n/a		 n/a
n/a		 0.2
0.1		 0.2
0.2
Tax Rate 23.09% 19.05% 16.88% 17.35% 18.76%
Dividend Cover 1.95
1.13		 2.10
1.64		 2.18
2.06		 2.48
2.43		 1.51
1.51
Interest Cover 17.16
17.21		 28.77
31.28		 33.23
35.20		 76.59
79.92		 51.15
51.15
           
Continuing & Discontinued Operations          
Earnings per Share - Basic 79.40p
79.69p		 87.20p
74.42p		 118.20p
116.33p		 1.02p
1.07p		 65.30p
65.31p
Earnings per Share - Diluted 78.40p
78.74p		 86.40p
73.74p		 117.20p
115.35p		 1.01p
1.06p		 64.90p
64.86p
Earnings per Share - Adjusted 90.30p 94.70p 96.30p 1.08p 65.30p
Earnings per Share Growth - Basic -9%
7%		 -26%
-36%		 11,528%
10,768%		 -98%
-98%		 52%
52%
Earnings per Share Growth - Diluted -9%
7%		 -26%
-36%		 11,522%
10,770%		 -98%
-98%		 52%
52%
Earnings per Share Growth - Adjusted -5% -2% 8,791% -98% 52%
PE Ratio - Diluted 10.3
10.3		 7.8
9.1		 6.1
6.2		 849.9
807.6		 11.8
11.8
PEG - Diluted n/a
1.5		 n/a
n/a		 0.0
0.0		 n/a
n/a		 0.2
0.2
Dividend Cover 1.95
1.72		 2.10
1.65		 2.18
2.63		 0.03
0.02		 1.51
1.51
Return on Equity (ROE) 15.85%
15.92%		 17.59%
15.01%		 24.05%
23.67%		 0.33%
0.35%		 25.67%
25.67%
Operating Cash Flow per Share 102.38p 42.90p 167.07p 132.86p 79.47p
Gross Cash Flow per Share cn/a cn/a cn/a cn/a cn/a
Cash Incr/Decr per Share 32.26p (107.60p) 139.58p 0.51p 30.24p
Capital Expenditure per Share n/a n/a n/a n/a n/a
Dividend per Share 46.20p 45.20p 44.20p 43.20p 43.20p
Dividend per Share Growth 2.21% 2.26% 2.31% n/a n/a
Dividend Yield 5.7% 6.7% 6.2% 5.0% 5.6%
Shareholders Funds 1,889.50 2,014.60 2,027.80 1,133.30 935.90
Net Borrowings £ (Millions) (661.30) (480.20) (1,224.50) (533.30) (357.20)
Net Asset Value per Share (inc. Intangibles) 276.94p 269.19p 265.31p 269.06p 214.27p

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing - inc Intangibles 31-May-24 31-May-23 31-May-22 31-May-21 31-May-20
Shareholders' Funds inc Intangibles 1,889.50 2,014.60 2,027.80 1,133.30 935.90
Net Borrowings £ (Millions) (661.30) (480.20) (1,224.50) (533.30) (357.20)
Net Gearing (35.00%) (23.84%) (60.39%) (47.06%) (38.17%)
Cash & Near Cash 983.20 798.50 1,246.40 655.20 486.20
Cash 52.03% 39.64% 61.47% 57.81% 51.95%
Gross Borrowings 321.90 318.30 21.90 121.90 129.00
Gross Gearing 17.04% 15.80% 1.08% 10.76% 13.78%
Borrowings Under 5 years 321.90 318.30 21.90 121.90 129.00
Under 5 years 17.04% 15.80% 1.08% 10.76% 13.78%
Borrowings Under 1 year n/a n/a n/a n/a n/a
Under 1 year n/a n/a n/a n/a n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing - exc Intangibles 31-May-24 31-May-23 31-May-22 31-May-21 31-May-20
Shareholders' Funds exc Intangibles 1,073.90 1,127.10 1,131.00 993.30 788.70
Net Borrowings £ (Millions) (661.30) (480.20) (1,224.50) (533.30) (357.20)
Net Gearing (61.58%) (42.60%) n/a (53.69%) (45.29%)
Cash & Near Cash 983.20 798.50 1,246.40 655.20 486.20
Cash 91.55% 70.85% 110.20% 65.96% 61.65%
Gross Borrowings 321.90 318.30 21.90 121.90 129.00
Gross Gearing 29.97% 28.24% 1.94% 12.27% 16.36%
Borrowings Under 5 years 321.90 318.30 21.90 121.90 129.00
Under 5 years 29.97% 28.24% 1.94% 12.27% 16.36%
Borrowings Under 1 year n/a n/a n/a n/a n/a
Under 1 year n/a n/a n/a n/a n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Cover 31-May-24 31-May-23 31-May-22 31-May-21 31-May-20
Quick Ratio n/a n/a n/a n/a n/a
Current Ratio 2.47 2.72 2.78 2.82 4.20

Key

* GAAP

a. Includes discontinued activities

b. Based on operating cash flow before tax

c. Not disclosed under IFRS

d. Includes non-current assets

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

Note 3: Above ratios are on a 'per annum' basis, adjusted for corporate actions and based on the fundamentals of the primary listed security.

Note 4: Under IFRS, all figures are based on 'Continuing' operations unless otherwise stated.

Note 5: Normalised ratios are shown in blue text

Note 6: Forecast figures based on normalised accounts.

 

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