Intercede (IGP) AI Stock Analysis

• Market Cap: £83.30M
• Dividend Yield: N/A
• Average Volume (3M): 125.39K
• Price to Earnings (P/E): 13.5
• Beta (1Y): 0.70
• Revenue Growth: 64.99%
• EPS Growth: 270.77%
• Country: UK
• Employees: 108
• Sector: Technology
• Sector Strength: 40
• Industry: Software - Application
• EPS (TTM): 0.10
• Shares Outstanding: 58,456,950
• 10 Day Avg. Volume: 144,833
• 30 Day Avg. Volume: 125,386
• PEG Ratio: 0.05
• Price to Book (P/B): N/A
• Price to Sales (P/S): 3.84
• Price to Cash Flow (P/CF): 32.10
• P/FCF Ratio: 0.00
• 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

Intercede's strong financial performance, characterized by robust growth and profitability, is a primary driver of its stock score. The company benefits from a solid financial position and positive corporate events that signal confidence and market momentum. However, caution is advised due to mixed technical indicators and the absence of a dividend yield. Overall, the stock shows potential for growth, supported by strategic reinvestment and market expansion activities.

Intercede Business Overview & Revenue Model

Company Description

Intercede (IGP) is a cybersecurity company specializing in identity management software and services. The company primarily operates in the sectors of cybersecurity and digital identity management, providing solutions that secure digital identities and credentials for organizations across various industries. Intercede's core products include MyID, a credential management system that enables secure authentication for enterprises, governments, and other institutions.

How the Company Makes Money

Intercede makes money through the sale of its identity management software solutions and related services. The company's primary revenue streams include software licensing fees, subscription-based models, and professional services such as implementation, support, and consulting. Intercede's MyID platform is a significant source of revenue, as it is widely adopted by organizations needing robust identity and credential management solutions. Additionally, strategic partnerships and collaborations with technology providers and system integrators contribute to its earnings by expanding its market reach and customer base.

Intercede Financial Statement Overview

Summary

Intercede exhibits impressive financial performance across all verticals, with robust growth, high profitability, and strong cash generation. The income statement showcases significant revenue and profit growth, while the balance sheet indicates a stable financial position with low debt. Cash flow management is exemplary, supporting business operations and potential growth initiatives. While the financial health is strong, attention to liability management could further enhance stability.

Income Statement

Intercede has demonstrated strong revenue growth with a notable increase of 64.9% from 2023 to 2024. The company maintains high gross profit margins (97.2% in 2024), indicative of effective cost management. The net profit margin has also significantly improved to 30.2% in 2024, reflecting enhanced profitability. EBIT and EBITDA margins are robust at 27.2% and 30.6% respectively, showcasing operational efficiency. Overall, the income statement reflects a positive growth trajectory with strong profitability metrics.

Balance Sheet

The balance sheet shows a healthy equity position with stockholders' equity increasing to $13.18M in 2024. The debt-to-equity ratio is low at 0.06, indicating low leverage and financial prudence. ROE is impressive at 45.7%, suggesting effective use of equity. However, the equity ratio of 51.3% indicates moderate reliance on liabilities, which may pose risks if liabilities grow. Overall, the balance sheet is strong with low debt and high equity returns, though monitoring liabilities is advisable.

Cash Flow

Operating cash flow increased significantly by 236.4% from 2023 to 2024, demonstrating strong cash generation capabilities. Free cash flow also surged by 232.1%, supporting potential reinvestment and shareholder returns. The operating cash flow to net income ratio is 1.6, and the free cash flow to net income ratio is 1.5, both indicating efficient cash utilization relative to profits. The cash flow statement reflects a solid ability to generate and manage cash, supporting operational and strategic needs.

Breakdown
Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020
Income Statement		Total Revenue
19.96M	12.11M	9.93M	10.96M	10.36M
	Gross Profit
19.40M	11.71M	9.73M	10.73M	10.34M
	EBIT
5.43M	571.00K	390.00K	1.59M	1.15M
	EBITDA
6.11M	1.06M	713.00K	1.91M	1.49M
	Net Income Common Stockholders
6.02M	1.31M	723.00K	1.53M	1.01M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
17.23M	8.33M	7.79M	8.03M	4.76M
	Total Assets
25.69M	17.44M	12.93M	13.01M	10.96M
	Total Debt
804.00K	465.00K	756.00K	1.11M	6.36M
	Net Debt
-16.42M	-7.87M	-7.03M	-6.92M	1.60M
	Total Liabilities
12.52M	10.41M	7.42M	8.26M	12.34M
	Stockholders Equity
13.18M	7.03M	5.51M	4.75M	-1.38M
Cash Flow		Free Cash Flow
9.27M	2.79M	77.00K	4.14M	1.25M
	Operating Cash Flow
9.63M	2.86M	110.00K	4.24M	1.30M
	Investing Cash Flow
-358.00K	-2.08M	-33.00K	-95.00K	376.00K
	Financing Cash Flow
-333.00K	-294.00K	-372.00K	-791.00K	-198.00K

Intercede Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 139.00
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:IGP, the sentiment is Neutral. The current price of 139 is above the 20-day moving average (MA) of 138.05, below the 50-day MA of 154.74, and below the 200-day MA of 171.18, indicating a neutral trend. The MACD of -4.73 indicates Negative momentum. The RSI at 45.64 is Neutral, neither overbought nor oversold. The STOCH value of 76.20 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for GB:IGP.

Intercede Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IGP	75 Outperform	£83.30M	13.53	51.83%	―	64.99%	270.77%
AVG	66 Neutral	£102.58M	23.74	3.87%	1.43%	14.30%	-25.58%
TRCS	63 Neutral	£94.99M	192.90	0.72%	0.76%	-1.22%	-92.99%
Sector *	57 Neutral	$20.31B	10.03	-14.49%	2.79%	5.15%	-23.76%
NCC	57 Neutral	£401.11M	―	-10.60%	3.65%	-3.19%	-446.58%
SRT	47 Neutral	£136.24M	―		―	―	―

Intercede Corporate Events

Intercede Group PLC Reports Strong Financial Position Amid Revenue Adjustments

Intercede Group PLC, a leader in cybersecurity software focusing on digital identities, has announced a trading update for the fiscal year ending March 31, 2025. The company expects revenues to be approximately £17.7 million, a decrease from the previous year due to an exceptional order in FY24. Despite this, recurring revenues remain strong, and the company anticipates improved profitability due to high operational gearing. With gross cash balances of £18.7 million and no debt, Intercede is well-positioned financially, even after significant cash outflows related to share buybacks and R&D tax adjustments.

Spark’s Take on GB:IGP Stock

According to Spark, TipRanks’ AI Analyst, GB:IGP is a Outperform.

Intercede’s overall stock score reflects its impressive financial performance and positive corporate events, which are the most significant factors. Strong revenue growth, profitability, and cash flow management underpin the company’s solid financial health. Despite mixed technical indicators, the company’s reasonable valuation and recent contract wins contribute positively to its outlook. The lack of recent earnings call data means the score relies more heavily on available financial and corporate event data.

To see Spark’s full report on GB:IGP stock, click here.

Intercede Reports Strong Trading Performance Amid Revenue Decline

Intercede Group PLC has announced a trading update for the financial year ending March 31, 2025, highlighting strong underlying trading performance despite a projected 11.4% decrease in revenue to £17.7 million compared to the previous year. The decline is attributed to an exceptional perpetual license order in 2024. Despite this, recurring revenues from support, maintenance, and subscriptions have shown progress, comprising 58% of total revenues. The company expects improved profitability due to strong revenues and high operational gearing, with gross cash balances increasing to £18.7 million. Intercede has no debt and has made strategic changes to its R&D tax election to optimize future taxable profits.

Spark’s Take on GB:IGP Stock

According to Spark, TipRanks’ AI Analyst, GB:IGP is a Outperform.

Intercede’s overall stock score reflects its impressive financial performance and positive corporate events, which are the most significant factors. Strong revenue growth, profitability, and cash flow management underpin the company’s solid financial health. Despite mixed technical indicators, the company’s reasonable valuation and recent contract wins contribute positively to its outlook. The lack of recent earnings call data means the score relies more heavily on available financial and corporate event data.

To see Spark’s full report on GB:IGP stock, click here.

Intercede Secures $4.45 Million in New Contracts and Renewals

Intercede Group PLC has announced a series of new contract orders and subscription renewals amounting to approximately $4.45 million, highlighting continued business momentum in the US and Middle East. These contracts include significant renewals with US federal and banking clients, as well as new orders from government agencies in the Middle East. The orders are expected to exceed the Board’s revenue expectations for FY25 and bolster the company’s contracted revenue backlog for FY26, underscoring Intercede’s strong market position and diversified pipeline.

Intercede Group PLC Announces Major Shareholding Change

Intercede Group PLC has announced a change in its major holdings, with Charles Stanley & Co. Limited acquiring a 5.03% voting rights stake in the company. This acquisition reflects a significant shift in shareholder composition, potentially impacting the company’s governance and strategic direction. The change in holdings may influence Intercede’s market positioning and stakeholder confidence, as it adjusts to the new shareholder dynamics.

Intercede Executives Increase Shareholdings, Signaling Confidence

Intercede Group PLC announced that its CEO, Klaas van der Leest, and CFO, Nitil Patel, have purchased additional shares in the company, increasing their stakes to 1.8% and 0.07% of the company’s total voting rights, respectively. This move, disclosed in compliance with the Market Abuse Regulation, may signal confidence in the company’s future prospects and could positively influence stakeholder perception.

Intercede Secures Over $1.37 Million in New Contracts, Boosting Market Momentum

Intercede has announced new contract orders totaling over $1.37 million, indicating continued business momentum. These contracts include a significant subscription license for MyID SecureVault in AsiaPac and several professional services orders in the US federal space, reinforcing the company’s revenue and strategic market positioning.