Intercede (IGP) AI Stock Analysis

• Market Cap: £46.63M
• Dividend Yield: N/A
• Average Volume (3M): 120.69K
• Price to Earnings (P/E): 20.8
• Beta (1Y): 1.01
• Revenue Growth: -19.19%
• EPS Growth: -41.12%
• Country: UK
• Employees: 108
• Sector: Technology
• Sector Strength: 88
• Industry: Software - Application
• EPS (TTM): 0.02
• Shares Outstanding: 60,162,544
• 10 Day Avg. Volume: 233,929
• 30 Day Avg. Volume: 120,689
• PEG Ratio: -0.67
• Price to Book (P/B): 4.93
• Price to Sales (P/S): 4.74
• P/FCF Ratio: 36.45
• 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
• EPS Forecast (FY): 0.06
• Revenue Forecast (FY): £18.70M

• Rating: 55 Neutral
• Price Target: 80.00 p ▼(-36.51% Downside)
• Action: Reiterated Date: 03/19/26
• Date: Action: Reiterated 03/19/26

The score is held back primarily by very weak technicals (price well below key moving averages with negative MACD and extremely low RSI/Stoch). Financials are supportive due to strong margins and low leverage, but recent revenue decline and a sharp drop in free cash flow growth reduce confidence. Valuation is moderate based on the provided P/E, with no dividend data available.

Positive Factors

High Profitability

Very high gross margins and a healthy net margin reflect a software business with low incremental costs. This durable margin profile supports reinvestment in product and security, sustains operating leverage, and makes profitability less sensitive to moderate revenue swings over months.

Negative Factors

Revenue Decline

Material year-over-year revenue decline reduces scale and undermines the recurring base that supports long-term margins. If the top-line contraction persists, it pressures R&D and sales investment, increases per-customer cost of acquisition, and can accelerate margin compression over the coming months.

Intercede Business Overview & Revenue Model

Company Description

Intercede Group plc, a cybersecurity company, engages in identity, credential management, and secure mobility business to enable digital trust in the United Kingdom, rest of Europe, the United States, and internationally. The company offers MyID, ...

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Intercede Group plc, a cybersecurity company, engages in identity, credential management, and secure mobility business to enable digital trust in the United Kingdom, rest of Europe, the United States, and internationally. The company offers MyID, ...

How the Company Makes Money

Intercede makes money primarily by selling and supporting its identity and credential management software. Key revenue streams include: (1) Software licensing/subscriptions for its MyID platform and related modules, where customers pay for the rig...

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Intercede makes money primarily by selling and supporting its identity and credential management software. Key revenue streams include: (1) Software licensing/subscriptions for its MyID platform and related modules, where customers pay for the rig...

Intercede Financial Statement Overview

Breakdown	TTM	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020
Income Statement
Total Revenue	17.38M	17.71M	19.96M	12.11M	9.93M	10.96M
Gross Profit	16.25M	17.19M	19.40M	11.71M	9.73M	10.73M
EBITDA	4.78M	5.17M	6.11M	1.06M	713.00K	1.91M
Net Income	3.63M	4.05M	6.02M	1.31M	723.00K	1.53M
Balance Sheet
Total Assets	25.59M	28.69M	25.69M	17.44M	12.93M	13.01M
Cash, Cash Equivalents and Short-Term Investments	17.82M	18.67M	17.23M	8.33M	7.79M	8.03M
Total Debt	1.15M	619.00K	804.00K	465.00K	756.00K	1.11M
Total Liabilities	9.13M	11.66M	12.52M	10.41M	7.42M	8.26M
Stockholders Equity	16.46M	17.03M	13.18M	7.03M	5.51M	4.75M
Cash Flow
Free Cash Flow	4.33M	2.30M	9.27M	2.79M	77.00K	4.14M
Operating Cash Flow	4.45M	2.88M	9.63M	2.86M	110.00K	4.24M
Investing Cash Flow	-395.00K	-856.00K	-358.00K	-2.08M	-33.00K	-95.00K
Financing Cash Flow	-2.47M	-529.00K	-333.00K	-294.00K	-372.00K	-791.00K

Intercede Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 126.00
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Positive
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:IGP, the sentiment is Negative. The current price of 126 is above the 20-day moving average (MA) of 92.40, above the 50-day MA of 108.77, and below the 200-day MA of 144.49, indicating a bearish trend. The MACD of -9.95 indicates Positive momentum. The RSI at 18.43 is Positive, neither overbought nor oversold. The STOCH value of 20.54 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GB:IGP.

Intercede Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SPSC	72 Outperform	£63.09M	3.74	35.56%	4.16%	―	―
ACSO	70 Outperform	£78.39M	54.18	2.93%	―	-3.95%	16.87%
GBG	70 Outperform	£449.89M	71.10	1.53%	1.73%	-0.18%	11.49%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
IGP	55 Neutral	£46.63M	20.75	21.69%	―	-19.19%	-41.12%
NCC	54 Neutral	£324.83M	26.54	7.75%	2.16%	―	―
COIN	41 Neutral	£13.27M	-35.35	-19.77%	―	―	―

Intercede Corporate Events