IGG INC |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 3.2 HKD | +2.24% |
|
+9.59% | -1.23% |
| Mar. 29 | Jefferies Adjusts IGG’s Price Target to HK$3.84 From HK$4.84, Keeps at Buy | MT |
| Mar. 28 | Transcript : IGG Inc, 2023 Earnings Call, Mar 28, 2024 |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Capitalization 1 | 904.8 | 1,231 | 1,025 | 427.6 | 475.2 | 465.5 | - |
| Enterprise Value (EV) 1 | 609.1 | 961.9 | 796.1 | 233.4 | 293 | 273.2 | 212.8 |
| P/E ratio | 5.69 x | 4.77 x | 22.3 x | -6.73 x | 52.3 x | 9.08 x | 5.14 x |
| Yield | 5.33% | 12.6% | 2.08% | - | - | 6.85% | 10.9% |
| Capitalization / Revenue | 1.36 x | 1.75 x | 1.33 x | 0.73 x | 0.71 x | 0.67 x | 0.62 x |
| EV / Revenue | 0.91 x | 1.37 x | 1.03 x | 0.4 x | 0.44 x | 0.39 x | 0.29 x |
| EV / EBITDA | 3.66 x | 3.12 x | 9.87 x | -5.23 x | 10.5 x | 3.55 x | 1.91 x |
| EV / FCF | 5 x | 5.89 x | 16 x | -7.88 x | -429 x | 3.08 x | 2.15 x |
| FCF Yield | 20% | 17% | 6.25% | -12.7% | -0.23% | 32.4% | 46.4% |
| Price to Book | 2.46 x | 2.56 x | 2.49 x | 1.26 x | 1.4 x | 1.2 x | 1.08 x |
| Nbr of stocks (in thousands) | 1,225,835 | 1,175,004 | 1,152,878 | 1,151,390 | 1,145,360 | 1,138,683 | - |
| Reference price 2 | 0.7381 | 1.047 | 0.8889 | 0.3713 | 0.4149 | 0.4088 | 0.4088 |
| Announcement Date | 3/4/20 | 3/4/21 | 3/28/22 | 3/28/23 | 3/27/24 | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Net sales 1 | 667.6 | 704.1 | 772.8 | 584.9 | 673.1 | 694.4 | 746.4 |
| EBITDA 1 | 166.6 | 308.7 | 80.64 | -44.62 | 27.94 | 76.94 | 111.5 |
| EBIT 1 | 191.9 | 148.6 | 65.42 | -61.62 | 11.69 | 66.6 | 100.1 |
| Operating Margin | 28.75% | 21.1% | 8.47% | -10.54% | 1.74% | 9.59% | 13.41% |
| Earnings before Tax (EBT) 1 | 190 | 297 | 56.99 | -61.81 | 12.4 | 67.69 | 98.63 |
| Net income 1 | 164.8 | 270.2 | 47.31 | -64.15 | 9.337 | 58.83 | 85.54 |
| Net margin | 24.68% | 38.38% | 6.12% | -10.97% | 1.39% | 8.47% | 11.46% |
| EPS 2 | 0.1297 | 0.2196 | 0.0399 | -0.0552 | 0.007930 | 0.0450 | 0.0795 |
| Free Cash Flow 1 | 121.8 | 163.4 | 49.75 | -29.64 | -0.6837 | 88.55 | 98.82 |
| FCF margin | 18.24% | 23.21% | 6.44% | -5.07% | -0.1% | 12.75% | 13.24% |
| FCF Conversion (EBITDA) | 73.11% | 52.93% | 61.7% | - | - | 115.1% | 88.6% |
| FCF Conversion (Net income) | 73.91% | 60.47% | 105.15% | - | - | 150.53% | 115.52% |
| Dividend per Share 2 | 0.0394 | 0.1320 | 0.0185 | - | - | 0.0280 | 0.0445 |
| Announcement Date | 3/4/20 | 3/4/21 | 3/28/22 | 3/28/23 | 3/27/24 | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2019 S2 | 2020 S1 | 2020 S2 | 2021 S1 | 2021 S2 | 2022 S1 | 2022 S2 | 2023 S1 | 2023 S2 | 2024 S1 | 2024 S2 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 313 | 312.3 | 391.8 | 416.3 | 359.3 | 316.8 | 268.2 | 318.7 | 353.7 | 354.2 | 353.3 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | 106.8 | 94.84 | 75.18 | 90.4 | -24.37 | -18.7 | -42.93 | -44.81 | 56.6 | 36.93 | 43.06 |
| Operating Margin | 34.12% | 30.37% | 19.19% | 21.72% | -6.78% | -5.9% | -16% | -14.06% | 16% | 10.43% | 12.19% |
| Earnings before Tax (EBT) 1 | - | 147.7 | - | 86.5 | -28.93 | -20.08 | -41.74 | -44.24 | 56.74 | 37.18 | 43.32 |
| Net income 1 | 94.08 | 132.8 | 137.4 | 74.24 | -26.43 | -21.89 | -42.27 | -45.89 | 55.33 | 31.56 | 36.93 |
| Net margin | 30.06% | 42.52% | 35.08% | 17.83% | -7.35% | -6.91% | -15.76% | -14.4% | 15.64% | 8.91% | 10.45% |
| EPS | - | - | - | - | - | - | - | - | - | - | - |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 3/4/20 | 8/5/20 | 3/4/21 | 8/5/21 | 3/28/22 | 8/24/22 | 3/28/23 | 8/23/23 | 3/27/24 | - | - |
1USD in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - |
| Net Cash position 1 | 296 | 269 | 229 | 194 | 182 | 192 | 253 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - |
| Free Cash Flow 1 | 122 | 163 | 49.8 | -29.6 | -0.68 | 88.6 | 98.8 |
| ROE (net income / shareholders' equity) | 50.2% | 62% | 10.3% | -12.4% | 2.68% | 17.8% | 19.9% |
| ROA (Net income/ Total Assets) | 37.6% | 48.9% | 7.94% | -16.7% | 1.99% | 12.7% | 12% |
| Assets 1 | 438 | 553 | 596.2 | 383.8 | 468.7 | 465 | 715.8 |
| Book Value Per Share 2 | 0.3000 | 0.4100 | 0.3600 | 0.2900 | 0.3000 | 0.3400 | 0.3800 |
| Cash Flow per Share 2 | 0.1000 | 0.1400 | 0.0700 | -0.0100 | 0.0100 | 0.0600 | 0.0600 |
| Capex 1 | 5.14 | 4.31 | 34.6 | 17.1 | 17.1 | 12.4 | 19.8 |
| Capex / Sales | 0.77% | 0.61% | 4.47% | 2.93% | 2.54% | 1.79% | 2.65% |
| Announcement Date | 3/4/20 | 3/4/21 | 3/28/22 | 3/28/23 | 3/27/24 | - | - |
1USD in Million2USD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
C+
Sell
Buy
Mean consensus
BUY
Number of Analysts
5
Last Close Price
0.4088
USD
Average target price
0.5746
USD
Spread / Average Target
+40.57%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| -1.23% | 465M | |
| +3.04% | 61.86B | |
| -3.35% | 13.24B | |
| +18.54% | 7.71B | |
| +6.47% | 6.68B | |
| -11.96% | 5.04B | |
| +13.19% | 4.37B | |
| -20.74% | 4.15B | |
| -8.26% | 3.17B | |
| +1.53% | 2.97B |
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