Impax Asset Management Group (IPX)

Sector:

Financials

Index:

FTSE AIM 50

452.00p
   
  • Change Today:
      7.50p
  • 52 Week High: 836.00
  • 52 Week Low: 368.50
  • Currency: UK Pounds
  • Shares Issued: 132.60m
  • Volume: 167,769
  • Market Cap: £599.34m

Key Financials

  £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Growth Metrics 30-Sep-11 30-Sep-10 30-Sep-09 30-Sep-08
Annualisation Factor 1.0 1.0 1.0 1.0
Dividend Yield 1.5% 1.3% 1.3% 1.2%
         
Continuing Operations        
PE Ratio - Adjusted 10.4 13.4 11.8 8.9
PE Ratio - Diluted 48.9
185.3		 13.4
13.4		 14.9
13.6		 14.0
10.4
PEG - Adjusted 0.4 0.4 n/a n/a
PEG - Diluted n/a
n/a		 0.2
0.3		 n/a
n/a		 n/a
n/a
Return on Capital Employed 7.22%
3.56%		 23.91%
23.90%		 17.32%
19.10%		 29.78%
37.80%
Operating Margin 7.39%
3.64%		 25.96%
25.94%		 21.28%
23.45%		 28.40%
36.04%
         
Continuing & Discontinued Operations        
PE Ratio - Adjusted 10.4 13.4 11.8 8.9
PE Ratio - Diluted 48.9
185.3		 13.4
13.4		 14.9
13.6		 14.0
10.4
PEG - Adjusted 0.4 0.4 n/a n/a
PEG - Diluted n/a
n/a		 0.2
0.3		 n/a
n/a		 n/a
n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing 30-Sep-11 30-Sep-10 30-Sep-09 30-Sep-08
Net Gearing n/a (50.66%) (69.31%) n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Value Metrics 30-Sep-11 30-Sep-10 30-Sep-09 30-Sep-08
Price/Book Value 2.5 3.3 2.8 2.7
Price/Tangible Book Value 2.5 3.3 2.8 3.1
Price/ Cash Flow 7.3 9.3 115.6 7.4
Price/Revenue 2.36 3.31 3.22 2.61
Price/R&D n/a n/a n/a n/a
Net Asset Value per Share (exc. Intangibles) 18.29p 13.99p 11.20p 10.86p
Net Cash per Share n/a n/a n/a n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Annualised Fundamentals 30-Sep-11 30-Sep-10 30-Sep-09 30-Sep-08
Continuing Operations        
Revenue 20.93 15.34 10.39 11.39
EBITDA 1.84
1.06		 4.26
4.26		 2.45
2.67		 3.30
4.17
Depreciation (0.30)
(0.30)		 (0.28)
(0.28)		 (0.24)
(0.24)		 (0.07)
(0.07)
Net Interest 0.17
0.17		 1.20
1.20		 0.26
0.26		 0.45
0.45
Profit Before Tax 1.72
0.93		 5.18
5.17		 2.47
2.70		 3.69
4.56
         
Revenue per Share 19.30p 14.12p 9.64p 11.39p
Pre-Tax Profit per Share 1.58p
0.86p		 4.77p
4.76p		 2.29p
2.50p		 3.69p
4.56p
Market Capitalisation £ (Millions) 52.59 54.03 35.83 34.39
Enterprise Value (EV) £ (Millions) 52.33 52.22 36.04 34.14
EBITDA/EV 3.52%
2.02%		 8.16%
8.16%		 6.79%
7.42%		 9.67%
12.22%
Operating Margin 7.39%
3.64%		 25.96%
25.94%		 21.28%
23.45%		 28.40%
36.04%
Capital Employed £ (Millions) 21.42 16.65 12.76 10.86
Return on Capital Employed 7.22%
3.56%		 23.91%
23.90%		 17.32%
19.10%		 29.78%
37.80%
Invested Equity Capital £ (Millions) 23.09 17.71 13.85 11.40
         
Earnings per Share - Basic 0.98p
0.26p		 3.50p
3.49p		 2.12p
2.33p		 2.45p
3.32p
Earnings per Share - Diluted 0.93p
0.25p		 3.49p
3.49p		 2.08p
2.29p		 2.12p
2.87p
Earnings per Share - Adjusted 4.39p 3.50p 2.63p 3.36p
Earnings per Share Growth - Basic -72%
-93%		 65%
50%		 -14%
-30%		 n/a
n/a
Earnings per Share Growth - Diluted -73%
-93%		 68%
53%		 -2%
-20%		 n/a
n/a
Earnings per Share Growth - Adjusted 25% 33% -22% n/a
PE Ratio - Diluted 48.9
185.3		 13.4
13.4		 14.9
13.6		 14.0
10.4
PEG - Diluted n/a
n/a		 0.2
0.3		 n/a
n/a		 n/a
n/a
Tax Rate 37.95% 26.62% 7.76% 28.99%
Dividend Cover 6.27
0.37		 5.83
5.82		 6.58
5.81		 9.60
9.48
Interest Cover n/a
n/a		 n/a
n/a		 n/a
n/a		 n/a
n/a
         
Continuing & Discontinued Operations        
Earnings per Share - Basic 0.98p
0.26p		 3.50p
3.49p		 2.12p
2.33p		 2.45p
3.32p
Earnings per Share - Diluted 0.93p
0.25p		 3.49p
3.49p		 2.08p
2.29p		 2.12p
2.87p
Earnings per Share - Adjusted 4.39p 3.50p 2.63p 3.36p
Earnings per Share Growth - Basic -72%
-93%		 65%
50%		 -14%
-30%		 n/a
n/a
Earnings per Share Growth - Diluted -73%
-93%		 68%
53%		 -2%
-20%		 n/a
n/a
Earnings per Share Growth - Adjusted 25% 33% -22% n/a
PE Ratio - Diluted 48.9
185.3		 13.4
13.4		 14.9
13.6		 14.0
10.4
PEG - Diluted n/a
n/a		 0.2
0.3		 n/a
n/a		 n/a
n/a
Dividend Cover 6.27
0.37		 5.83
5.82		 6.58
5.81		 9.60
9.48
Return on Equity (ROE) 4.62%
1.22%		 21.45%
21.44%		 16.47%
18.10%		 21.47%
29.11%
Operating Cash Flow per Share 6.25p 5.00p 0.27p 4.04p
Gross Cash Flow per Share cn/a cn/a cn/a cn/a
Cash Incr/Decr per Share 3.96p (1.00p) 2.31p 2.41p
Capital Expenditure per Share n/a n/a n/a n/a
Dividend per Share 0.70p 0.60p 0.40p 0.35p
Dividend per Share Growth 16.67% 50.00% 14.29% n/a
Dividend Yield 1.5% 1.3% 1.3% 1.2%
Shareholders Funds 21.50 16.90 13.85 11.40
Net Borrowings £ (Millions) (12.87) (8.56) (9.60) (7.03)
Net Asset Value per Share (inc. Intangibles) 18.29p 13.99p 11.20p 9.70p

  £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing - inc Intangibles 30-Sep-11 30-Sep-10 30-Sep-09 30-Sep-08
Shareholders' Funds inc Intangibles 21.50 16.90 13.85 11.40
Net Borrowings £ (Millions) (12.87) (8.56) (9.60) (7.03)
Net Gearing n/a (50.66%) (69.31%) n/a
Cash & Near Cash 12.87 9.21 10.28 7.03
Cash 59.86% 54.49% 74.25% 61.67%
Gross Borrowings n/a 0.65 0.68 n/a
Gross Gearing n/a 3.83% 4.94% n/a
Borrowings Under 5 years n/a 0.65 0.68 n/a
Under 5 years n/a 3.83% 4.94% n/a
Borrowings Under 1 year n/a n/a n/a n/a
Under 1 year n/a n/a n/a n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing - exc Intangibles 30-Sep-11 30-Sep-10 30-Sep-09 30-Sep-08
Shareholders' Funds exc Intangibles 19.83 15.20 12.08 9.70
Net Borrowings £ (Millions) (12.87) (8.56) (9.60) (7.03)
Net Gearing n/a (56.34%) (79.48%) n/a
Cash & Near Cash 12.87 9.21 10.28 7.03
Cash 64.90% 60.61% 85.15% 72.49%
Gross Borrowings n/a 0.65 0.68 n/a
Gross Gearing n/a 4.26% 5.66% n/a
Borrowings Under 5 years n/a 0.65 0.68 n/a
Under 5 years n/a 4.26% 5.66% n/a
Borrowings Under 1 year n/a n/a n/a n/a
Under 1 year n/a n/a n/a n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Cover 30-Sep-11 30-Sep-10 30-Sep-09 30-Sep-08
Quick Ratio n/a n/a n/a n/a
Current Ratio 3.66 2.66 2.49 3.20

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

Note 3: Under IFRS, all figures are based on 'Continuing' operations unless otherwise stated.

Note 4: Normalised ratios are shown in blue text

Note 5: Forecast figures based on normalised accounts.

 

Top of Page