IPD Group Ltd (IPG) AI Stock Analysis

• Market Cap: AU$458.55M
• Dividend Yield: 2.93%
• Average Volume (3M): 124.18K
• Price to Earnings (P/E): 17.5
• Beta (1Y): 0.64
• Revenue Growth: 22.13%
• EPS Growth: 9.16%
• Country: AU
• Employees: N/A
• Sector: Industrials
• Sector Strength: 72
• Industry: Industrial - Machinery
• EPS (TTM): 0.12
• Shares Outstanding: 103,980,120
• 10 Day Avg. Volume: 195,581
• 30 Day Avg. Volume: 124,176
• PEG Ratio: 1.36
• Price to Book (P/B): 1.88
• Price to Sales (P/S): 0.87
• P/FCF Ratio: 8.31
• 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: AU$5.07
• Price Target Upside: 14.97% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 5
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 70 Outperform
• Price Target: AU$5.00 ▲(13.38% Upside)

IPD Group Ltd's stock score is primarily driven by its solid financial performance, characterized by strong revenue growth and stable profitability. The valuation is attractive with a reasonable P/E ratio and a good dividend yield. Technical analysis indicates a neutral trend with no significant momentum. The absence of earnings call data and corporate events does not impact the score.

Positive Factors

Recurring revenue model

A subscription-based cloud model increases revenue visibility and recurring cash flows, supporting predictable top-line and enabling longer-term customer relationships. This durability aids capital allocation for R&D and sales, reducing revenue volatility over a 2-6 month horizon.

Improving balance sheet leverage

Material reduction in leverage lowers insolvency risk and increases financial flexibility for capex, acquisitions, or shareholder returns. A ~59.6% equity ratio provides a solid capital base, making the company more resilient to cyclical shocks and strategic investments over the medium term.

Operational profitability

Sustained healthy EBIT/EBITDA and a stable net margin indicate efficient cost structure and pricing power within its software and services mix. Consistent operating profitability supports internal cash generation and reinvestment capacity, underpinning long-term business sustainability.

Negative Factors

Declining return on equity

A marked drop in ROE signals reduced effectiveness in converting shareholder capital into profits. If persistent, this may reflect slower asset turnover or margin pressure, weakening investor returns and limiting attractiveness for long-term equity holders absent operational improvements.

Negative free cash flow growth

A steep decline in free cash flow growth constrains the company’s ability to fund growth, dividends, or debt reduction organically. Even with higher operating cash flow, sustained negative FCF growth suggests investment or working capital strains that could pressure strategic flexibility.

Gross margin compression

A declining gross margin points to rising input costs or pricing pressure, which can erode operating leverage over time. If this trend continues, it may force trade-offs between margin protection and growth investment, limiting long-term profitability expansion potential.

IPD Group Ltd Business Overview & Revenue Model

Company Description

IPD Group limited distributes electrical equipment in Australia. The company offers power distribution, industrial and motor control, automation and industrial communication, power monitoring, electric vehicle solutions, and other products under the ABB, Elsteel, Emerson, and Red Lion brand names. In addition, it provides installation and commissioning, calibration and testing, maintenance and repair, and refurbishment services. It serves switchboard manufacturers, electrical wholesalers, electrical contractors, power utilities, original equipment manufacturers, and system integrators. The company was formerly known as Alstom Industrial Products Limited and changed its name to IPD Group limited in July 2006. IPD Group limited was founded in 1889 and is headquartered in Wetherill Park, Australia.

How the Company Makes Money

IPG generates revenue primarily through the sale of its software solutions and related services. The company employs a subscription-based model for its cloud-based products, providing a steady stream of recurring revenue. Additionally, IPG earns income from licensing its software to enterprises, offering customization and integration services, and providing ongoing technical support and maintenance. Strategic partnerships with technology providers and resellers further enhance its distribution channels, contributing to its overall earnings. The company also engages in consulting services, helping organizations optimize their technology investments, which serves as another significant revenue stream.

IPD Group Ltd Financial Statement Overview

Summary

IPD Group Ltd demonstrates robust revenue growth and stable profitability, with effective cost management reflected in healthy EBIT and EBITDA margins. The balance sheet shows reduced leverage and a strong equity position, though return on equity has declined. Cash flow management is generally strong, although recent free cash flow growth has been negative.

Income Statement

IPD Group Ltd has shown consistent revenue growth over the years, with a recent growth rate of 2.39% in the latest annual report. The gross profit margin has slightly decreased from 37.12% to 34.21%, indicating some pressure on cost management. However, the net profit margin remains stable at around 7.38%, reflecting solid profitability. The EBIT and EBITDA margins are healthy, indicating efficient operational management.

Balance Sheet

The company's debt-to-equity ratio has improved, decreasing from 0.30 to 0.19, suggesting a stronger equity position and reduced leverage risk. The equity ratio stands at approximately 59.61%, indicating a solid equity base relative to total assets. However, the return on equity has decreased from 22.05% to 14.84%, which may indicate challenges in generating returns on shareholder investments.

Cash Flow

Operating cash flow has increased significantly, but free cash flow growth has been negative recently, declining by 62.3%. The operating cash flow to net income ratio is 0.47, indicating moderate cash generation relative to net income. The free cash flow to net income ratio is strong at 0.94, suggesting effective cash management despite recent growth challenges.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	354.68M	354.89M	290.47M	227.09M	176.86M	118.09M
Gross Profit	89.80M	121.41M	107.82M	86.98M	67.55M	17.38M
EBITDA	44.33M	44.59M	38.22M	28.25M	20.31M	13.75M
Net Income	26.19M	26.19M	22.36M	16.08M	11.12M	6.51M
Balance Sheet
Total Assets	275.02M	275.02M	272.77M	139.61M	124.85M	97.40M
Cash, Cash Equivalents and Short-Term Investments	20.86M	20.86M	22.28M	20.76M	25.40M	40.80M
Total Debt	31.55M	31.55M	44.70M	13.81M	12.56M	14.60M
Total Liabilities	111.10M	111.10M	122.03M	66.69M	61.42M	47.40M
Stockholders Equity	163.92M	163.92M	150.74M	72.92M	63.43M	50.00M
Cash Flow
Free Cash Flow	37.33M	37.16M	21.57M	5.26M	9.20M	9.62M
Operating Cash Flow	39.40M	39.40M	23.36M	7.42M	11.19M	10.29M
Investing Cash Flow	-2.01M	-2.01M	-104.86M	-2.10M	-4.12M	-3.48M
Financing Cash Flow	-38.85M	-38.85M	83.01M	-10.03M	5.81M	-5.90M

IPD Group Ltd Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 4.41
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:IPG, the sentiment is Neutral. The current price of 4.41 is below the 20-day moving average (MA) of 4.49, above the 50-day MA of 4.14, and above the 200-day MA of 3.71, indicating a neutral trend. The MACD of 0.10 indicates Positive momentum. The RSI at 50.86 is Neutral, neither overbought nor oversold. The STOCH value of 30.45 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for AU:IPG.

IPD Group Ltd Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
DUR	74 Outperform	AU$554.38M	23.63	34.21%	2.25%	3.10%	5.08%
CLX	71 Outperform	AU$185.65M	12.62	11.37%	4.59%	1.33%	-11.07%
IPG	70 Outperform	AU$458.55M	17.45	16.64%	2.93%	22.13%	9.16%
ACF	69 Neutral	AU$322.47M	13.67	16.13%	5.71%	25.14%	-14.54%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
3DA	55 Neutral	AU$304.83M	-8.16	-59.01%	―	722.02%	-0.77%

IPD Group Ltd Corporate Events

IPD Group Sets Date for 1H26 Results and Investor Briefing

IPD Group Limited has announced it will release its financial results for the half year ended 31 December 2025 on 23 February 2026. The company’s CEO and CFO will host a live investor and analyst briefing on the same day, offering both webcast and dial-in access for participants, underscoring IPD’s ongoing engagement with the market and transparency with stakeholders ahead of its 1H26 financial disclosure.

The most recent analyst rating on (AU:IPG) stock is a Buy with a A$5.00 price target. To see the full list of analyst forecasts on IPD Group Ltd stock, see the AU:IPG Stock Forecast page.

IPD Group Issues New Shares and Lodges Cleansing Notice

IPD Group Limited has issued 129,429 fully paid ordinary shares and has lodged a cleansing notice confirming the shares were issued without a prospectus under applicable Corporations Act provisions. The company affirmed it is up to date with its financial reporting and continuous disclosure obligations and that there is no excluded information, a step that facilitates secondary trading of the new shares and underscores its compliance posture for investors and the market.

The most recent analyst rating on (AU:IPG) stock is a Buy with a A$5.20 price target. To see the full list of analyst forecasts on IPD Group Ltd stock, see the AU:IPG Stock Forecast page.

IPD Group Seeks ASX Quotation for 129,429 New Ordinary Shares

IPD Group Ltd has applied to the ASX for quotation of 129,429 new ordinary fully paid shares, to be traded under its existing ticker IPG. The additional securities, issued on 15 January 2026 as part of previously announced transactions, will expand the company’s quoted share capital base, modestly increasing liquidity for investors and formalising market trading in these new shares.

The most recent analyst rating on (AU:IPG) stock is a Buy with a A$5.20 price target. To see the full list of analyst forecasts on IPD Group Ltd stock, see the AU:IPG Stock Forecast page.

IPD Group Updates Market on Director Mohamed Yoosuff’s Securities Holdings

IPD Group Limited has reported a change in the interests of director Mohamed Yoosuff, detailing his direct and indirect holdings in the company’s ordinary fully paid shares and performance rights as required under ASX listing rules. The notice confirms that 6,869 FY24 Performance Rights previously held by Yoosuff under the company’s Employee Incentive Plan have been disposed of, leaving his direct and indirect shareholdings unchanged, a move that clarifies his current equity position for investors and enhances transparency around executive incentives and ownership structure.

The most recent analyst rating on (AU:IPG) stock is a Buy with a A$4.83 price target. To see the full list of analyst forecasts on IPD Group Ltd stock, see the AU:IPG Stock Forecast page.

IPD Group Announces Lapse of 6,869 Performance Rights

IPD Group Ltd has notified the market that 6,869 performance rights (ASX code IPGAA) have lapsed after the conditions attached to these rights were not satisfied by 31 December 2025. The cessation slightly reduces the company’s pool of potential equity-based incentives, signalling that specific performance or vesting hurdles were not met, but the announcement does not indicate any material impact on IPD Group’s broader capital structure or provide further detail on operational implications for shareholders or employees.

The most recent analyst rating on (AU:IPG) stock is a Buy with a A$4.83 price target. To see the full list of analyst forecasts on IPD Group Ltd stock, see the AU:IPG Stock Forecast page.

IPD Group Sets Investor Briefing on Platinum Cables Acquisition

IPD Group Limited has scheduled an investor conference call on 6 January 2026 to discuss its recently announced acquisition of Platinum Cables Pty Ltd, with CEO Michael Sainsbury and CFO Jason Boschetti set to brief investors via live webcast and dial-in. The briefing will provide the market with further detail on the strategic rationale and implications of the Platinum Cables deal, signaling the company’s intent to deepen its capabilities and product offering in electrical infrastructure as it continues to build its role in supporting electrification and decarbonisation trends.

The most recent analyst rating on (AU:IPG) stock is a Buy with a A$4.83 price target. To see the full list of analyst forecasts on IPD Group Ltd stock, see the AU:IPG Stock Forecast page.

IPD Group Completes Acquisition of Platinum Cables to Boost Mining-Sector Growth

IPD Group has completed its acquisition of Platinum Cables Pty Ltd, a leading Australian supplier of high-performance cable solutions to the mining and resources sector, in a deal funded primarily through cash and an expanded debt facility with Commonwealth Bank of Australia. The transaction is billed as a major step in IPD’s growth strategy, immediately strengthening its mining-sector footprint, adding specialised technical expertise, and promising earnings accretion and revenue synergies as the group deepens customer relationships and capitalises on the broader electrification trend underpinning Australia’s resource-heavy economy.

The most recent analyst rating on (AU:IPG) stock is a Buy with a A$4.83 price target. To see the full list of analyst forecasts on IPD Group Ltd stock, see the AU:IPG Stock Forecast page.

IPD Group Plans Modest Share Placement of 130,686 New Shares

IPD Group Ltd has announced a proposed placement of up to 130,686 ordinary fully paid shares, to be issued on 16 January 2026, subject to ASX processes. The additional equity raising, disclosed via an Appendix 3B filing, will modestly expand the company’s share base and may provide incremental capital for corporate purposes, with limited dilution for existing shareholders given the relatively small size of the issue.

The most recent analyst rating on (AU:IPG) stock is a Buy with a A$4.83 price target. To see the full list of analyst forecasts on IPD Group Ltd stock, see the AU:IPG Stock Forecast page.

IPD Group Buys Platinum Cables to Bolster Mining-Sector Growth

IPD Group has acquired Platinum Cables Pty Ltd, a leading Australian supplier of high-performance cable solutions to the mining industry, in a $37.5 million deal priced at roughly 5.2 times expected FY25 EBIT. The acquisition, which brings Platinum Cables’ projected FY25 revenue of $44.8 million and EBIT of $7.2 million into the group, is expected to be 11.5% EPS accretive on a pro forma basis and significantly strengthen IPD’s positioning and customer relationships in the mining sector, while creating meaningful cross-selling opportunities across its broader product portfolio.

The most recent analyst rating on (AU:IPG) stock is a Buy with a A$4.83 price target. To see the full list of analyst forecasts on IPD Group Ltd stock, see the AU:IPG Stock Forecast page.

IPD Group to Acquire Platinum Cables in Earnings-Accretive Mining Sector Expansion

IPD Group has agreed to acquire Platinum Cables, a specialist Australian supplier of high-performance power, communication and optical fibre cables to the mining and resources sector, for an upfront consideration of $37.5 million plus up to $7.5 million in earn-out payments. The largely debt-funded deal, expected to complete on 31 December 2025, is forecast to be immediately earnings accretive, lifting IPD’s pro forma FY25 EPS by about 11.5% and increasing EBIT margins, while keeping leverage modest at around 0.9x EBITDA; by adding Platinum’s fast-growing, high-margin cable portfolio and technical expertise, IPD aims to deepen its presence in the mining market, unlock cross-selling opportunities with no product overlap, and reinforce its position in the energy transition and electrification theme with minimal shareholder dilution.

The most recent analyst rating on (AU:IPG) stock is a Buy with a A$4.83 price target. To see the full list of analyst forecasts on IPD Group Ltd stock, see the AU:IPG Stock Forecast page.

IPD Group Announces Change in Director’s Interest

IPD Group Limited has announced a change in the director’s interest, specifically concerning Michael Sainsbury. The update reveals that Sainsbury has acquired 175,628 FY26 Performance Rights and 28,666 FY26 Performance Rights roll-forward, with no disposals reported. This change reflects adjustments in the director’s investment portfolio, potentially impacting the company’s governance and stakeholder interests.

The most recent analyst rating on (AU:IPG) stock is a Buy with a A$4.83 price target. To see the full list of analyst forecasts on IPD Group Ltd stock, see the AU:IPG Stock Forecast page.

IPD Group Ltd Issues Unquoted Equity Securities as Employee Incentives

IPD Group Ltd has announced the issuance of unquoted equity securities in the form of performance rights under an employee incentive scheme. This move involves a total of 488,283 performance rights for the fiscal year 2026, which are not yet quoted on the ASX due to transfer restrictions. This issuance is part of IPD Group’s strategy to incentivize employees and aligns with their operational goals for the upcoming fiscal year, potentially impacting the company’s market positioning and stakeholder interests.

The most recent analyst rating on (AU:IPG) stock is a Buy with a A$4.83 price target. To see the full list of analyst forecasts on IPD Group Ltd stock, see the AU:IPG Stock Forecast page.

IPD Group Ltd Issues Disclaimer at Taylor Collison Conference

The Taylor Collison Electrical & Defence Conference presentation by IPD Group Ltd emphasizes that the information provided is not intended as investment advice and should not be relied upon for making investment decisions. The document includes disclaimers about the accuracy and reliability of the information, highlighting that past performance is not indicative of future results and that forward-looking statements involve risks and uncertainties. Stakeholders are advised to seek independent advice and not rely solely on the presentation for financial decisions.

The most recent analyst rating on (AU:IPG) stock is a Buy with a A$4.83 price target. To see the full list of analyst forecasts on IPD Group Ltd stock, see the AU:IPG Stock Forecast page.

IPD Group Limited Successfully Passes All AGM Resolutions

IPD Group Limited announced that all resolutions proposed at their Annual General Meeting were successfully carried by a poll. This outcome reflects strong shareholder support and may positively impact the company’s strategic initiatives in energy management and automation, reinforcing its position in the industry.

The most recent analyst rating on (AU:IPG) stock is a Hold with a A$3.50 price target. To see the full list of analyst forecasts on IPD Group Ltd stock, see the AU:IPG Stock Forecast page.

IPD Group Reports Strong FY25 Financial Performance and Strategic Growth

IPD Group has reported a strong financial performance for FY25, with revenue growth of 22.1% and a net profit increase of 17.0%. The company has successfully repaid half of a $40 million bank loan, ending the year with a net cash position of $9.8 million, which provides flexibility for future investments and acquisitions. The Board has approved a 16.7% increase in dividends, reflecting confidence in the company’s strategic direction amidst growing demand for integrated electrical solutions. The company is well-positioned to benefit from trends in electrification, decarbonisation, and industrial automation, with positive momentum expected to continue into FY26.

The most recent analyst rating on (AU:IPG) stock is a Hold with a A$3.50 price target. To see the full list of analyst forecasts on IPD Group Ltd stock, see the AU:IPG Stock Forecast page.

IPD Group Ltd Issues Notice for 2025 AGM with Disclaimers

IPD Group Ltd has released a notice regarding its Annual General Meeting for 2025, emphasizing that the information provided is not intended as financial or investment advice. The document contains disclaimers about the reliability of the information, highlighting that past performance is not indicative of future results and that forward-looking statements are subject to uncertainties and risks.

The most recent analyst rating on (AU:IPG) stock is a Hold with a A$3.50 price target. To see the full list of analyst forecasts on IPD Group Ltd stock, see the AU:IPG Stock Forecast page.