Ignite Limited (IGN) AI Stock Analysis

• Market Cap: €21.37M
• Dividend Yield: 2.69%
• Average Volume (3M): 44.32K
• Price to Earnings (P/E): 20.8
• Beta (1Y): -0.65
• Revenue Growth: -7.76%
• EPS Growth: N/A
• Country: AU
• Employees: 45
• Sector: Technology
• Sector Strength: 87
• Industry: Staffing & Employment Services
• EPS (TTM): 0.04
• Shares Outstanding: 16,435,213
• 10 Day Avg. Volume: 128,376
• 30 Day Avg. Volume: 44,316
• PEG Ratio: -0.13
• Price to Book (P/B): 4.54
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -7.02
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

• Rating: 60 Neutral
• Price Target: AU$1.50 ▲(15.38%Upside)

Ignite Limited's overall stock score reflects its strong financial performance, marked by improved profitability and financial stability, which are significant strengths. However, the technical analysis indicates potential overbought conditions and correction risks, and the valuation suggests moderate attractiveness. The absence of earnings call and corporate events data limits additional insights into company developments.

Ignite Limited Business Overview & Revenue Model

Company Description

Ignite Limited (IGN) is a dynamic company operating in the renewable energy sector, specializing in the development, production, and distribution of advanced solar energy solutions. The company offers a wide range of innovative solar panels and energy storage systems designed to meet the growing demand for clean and sustainable energy. Ignite Limited is committed to driving the transition towards a more sustainable future by harnessing the power of solar technology.

How the Company Makes Money

Ignite Limited generates revenue primarily through the sale of its solar panels and energy storage systems to residential, commercial, and industrial customers. The company also engages in project development, offering turnkey solutions for large-scale solar installations, which includes design, engineering, and maintenance services. Additionally, Ignite Limited has established strategic partnerships with government agencies and private organizations to expand its market reach and secure long-term contracts. These partnerships often involve joint ventures or collaborations on renewable energy projects that provide steady income streams through power purchase agreements (PPAs) and government incentives aimed at promoting green energy initiatives.

Ignite Limited Financial Statement Overview

Summary

Ignite Limited has shown commendable improvements in profitability and financial stability. The company improved its profit margins and leverage position significantly, with a net profit margin of 0.64% and a debt-to-equity ratio of 0.03 in 2024. However, the declining revenue and shrinking asset base remain potential concerns for sustained long-term growth.

Income Statement

Ignite Limited has demonstrated significant improvement in its profitability, with a net profit margin of 0.64% in 2024 compared to negative margins in previous years. The gross profit margin also improved to 12.02% in 2024. However, total revenue has declined steadily from 2019 to 2024, indicating challenges in sustaining top-line growth. The EBIT and EBITDA margins improved to 0.73% and 1.16% respectively, showing operational efficiency gains.

Balance Sheet

The company has strengthened its financial position with a debt-to-equity ratio of 0.03 in 2024, indicating low leverage. The return on equity improved to 8.04% in 2024, reflecting better utilization of equity capital. The equity ratio rose to 58.64%, emphasizing a stable capital structure. Despite these strengths, the company's asset base has shrunk over the years, which may limit future growth opportunities.

Cash Flow

Ignite Limited's cash flow performance has been robust, with a strong free cash flow of 2,635,000 in 2024 and a substantial increase in operating cash flow. The operating cash flow to net income ratio is 4.28, indicating effective cash generation from operations. The free cash flow growth rate and free cash flow to net income ratio are favorable, highlighting efficient capital expenditure management.

Breakdown	TTM	Jun 2024	Jun 2023	Jun 2022	Jun 2021	Jun 2020
Income Statement
Total Revenue	93.19M	96.64M	106.58M	115.52M	113.88M	125.96M
Gross Profit	7.70M	11.61M	2.64M	14.09M	3.32M	1.47M
EBITDA	1.12M	1.12M	-417.00K	299.00K	3.08M	-2.63M
Net Income	1.02M	616.00K	-1.55M	-285.00K	2.42M	-6.27M
Balance Sheet
Total Assets	11.68M	13.07M	11.84M	14.06M	13.29M	13.85M
Cash, Cash Equivalents and Short-Term Investments	3.52M	4.10M	234.00K	367.00K	329.00K	650.00K
Total Debt	81.00K	253.00K	2.58M	3.15M	1.18M	2.17M
Total Liabilities	3.40M	5.41M	8.36M	9.05M	7.96M	10.93M
Stockholders Equity	8.27M	7.66M	3.49M	5.01M	5.33M	2.92M
Cash Flow
Free Cash Flow	1.35M	2.63M	534.00K	-837.00K	666.00K	4.54M
Operating Cash Flow	1.35M	2.63M	537.00K	-779.00K	670.00K	4.58M
Investing Cash Flow	182.00K	2.00K	-3.00K	-58.00K	-4.00K	-17.00K
Financing Cash Flow	148.00K	1.24M	-674.00K	1.14M	-990.00K	-5.49M

Ignite Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1.30
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:IGN, the sentiment is Positive. The current price of 1.3 is above the 20-day moving average (MA) of 1.14, above the 50-day MA of 1.06, and above the 200-day MA of 0.86, indicating a bullish trend. The MACD of 0.06 indicates Negative momentum. The RSI at 80.75 is Negative, neither overbought nor oversold. The STOCH value of 88.03 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:IGN.

Ignite Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
HIT	75 Outperform	AU$69.58M	10.22	71.98%	6.08%	-5.61%	16.01%
ASH	67 Neutral	AU$25.20M	11.51	6.96%	9.14%	-7.92%	-61.32%
IGN	60 Neutral	€21.37M	20.83	13.66%	2.69%	-7.76%	―
PPE	52 Neutral	AU$78.26M	18.92	-2.93%	3.28%	-3.90%	-142.61%
Sector *	50 Neutral	AU$1.49B	1.75	-28.24%	3.26%	16.24%	-7.89%
AD1	46 Neutral	AU$7.32M	―	-245.01%	―	-17.50%	66.33%
HMI	45 Neutral	AU$7.65M	―	-79.98%	―	19.94%	58.99%

Ignite Limited Corporate Events

Ignite Limited Re-establishes Dividend Reinvestment Plan

Ignite Limited has announced the re-establishment of its Dividend Reinvestment Plan (DRP), allowing shareholders to reinvest dividends into additional shares. The plan is open to Australian and New Zealand shareholders, with no fees or commissions, and offers flexibility in participation levels. This move could enhance shareholder value and potentially improve liquidity in the company’s shares.

Ignite Limited Announces Director’s Interest Change

Ignite Limited announced a change in the director’s interest notice involving Mr. Cameron Judson. The change includes the acquisition of restricted shares and the exercise of options under the company’s Equity Incentive Plan. This adjustment in securities reflects strategic moves within the company’s governance structure, potentially impacting shareholder value and market perception.

Ignite Limited Announces Quotation of New Securities

Ignite Limited has announced the quotation of 100,000 ordinary fully paid securities on the Australian Securities Exchange (ASX) as of June 16, 2025. This move is part of the company’s strategy to enhance its market presence and liquidity, potentially impacting its operational dynamics and stakeholder interests.