International Personal Finance PLC (GB:IPF)
LSE:IPF
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International Personal Finance
(LSE:IPF)
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Rating:67Neutral
Price Target:
234.00 p
▼(-0.43% Downside)
Action:DowngradedDate:10/03/25
The stock's overall score is driven by strong technical indicators and an attractive valuation, despite financial performance challenges. The bullish momentum and undervaluation are significant positives, while financial risks due to high leverage and negative cash flow are concerns.
Positive Factors
Receivables and Customer Growth
Sustained lending and receivables growth with receivables topping £1bn indicates durable expansion of the core interest-earning asset base. Scale and rising customer counts diversify revenue sources across markets and support long-term finance income assuming credit performance holds.
Negative Factors
Volatile and Weak Cash Generation
Inconsistent conversion of earnings into cash increases dependence on external funding and working-capital dynamics. For a consumer-lending franchise this heightens refinancing and liquidity risk, complicates dividend and reinvestment plans, and raises sensitivity to credit-cycle downturns.
Read all positive and negative factors
Positive Factors
Negative Factors
Receivables and Customer Growth
Sustained lending and receivables growth with receivables topping £1bn indicates durable expansion of the core interest-earning asset base. Scale and rising customer counts diversify revenue sources across markets and support long-term finance income assuming credit performance holds.
Read all positive factors
International Personal Finance (IPF) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£558.09M
Dividend Yield4.39%
Average Volume (3M)1.10M
Price to Earnings (P/E)9.4
Beta (1Y)0.73
Revenue Growth-7.52%
EPS Growth50.23%
CountryUK
Employees8,351
SectorFinancial
Sector Strength70
IndustryFinancial - Credit Services
Share Statistics
EPS (TTM)0.11
Shares Outstanding219,846,660
10 Day Avg. Volume1,392,662
30 Day Avg. Volume1,098,286
Financial Highlights & Ratios
PEG Ratio-1.27
Price to Book (P/B)0.94
Price to Sales (P/S)0.69
P/FCF Ratio-42.93
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusModerate Sell
Number of Analyst Covering1
EPS Forecast (FY)0.27
Revenue Forecast (FY)£881.40M
International Personal Finance Business Overview & Revenue Model
Company Description
International Personal Finance plc, together with its subsidiaries, provides consumer credit in Europe and Mexico. The company offers home credit products, such as money transfer loans direct to bank account, cash and microbusiness loans, home, me...
How the Company Makes Money
IPF generates revenue primarily through the interest and fees charged on the personal loans it provides to consumers. The company typically offers loans with varying terms and interest rates, allowing it to cater to a diverse customer base. Key re...
International Personal Finance Earnings Call Summary
Earnings Call Date:Feb 25, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:Jul 29, 2026
Earnings Call Sentiment Positive
The call presents a predominantly constructive trading update: the group delivered measured growth in lending, receivables and customers, maintained robust credit quality, improved funding costs and declared an increased dividend. Management is intentionally accelerating strategic investments (technology, product expansion, marketing) to drive longer-term growth, which creates near-term earnings and KPI headwinds (yield compression, higher CapEx and elevated cost-income ratio). Major external risks—rapid regulatory reform (CCD II and related local measures) and localized security disruption in Mexico—introduce material uncertainty. Overall, the operational momentum and balance sheet strength outweigh the near-term investment drag and external uncertainties, but the regulatory and Mexico security issues are clear watch-items.Positive Updates
Profit Before Tax Growth
Profit before tax (pre-exceptional) increased 4% year-on-year to GBP 88.6m in 2025.
Negative Updates
Regulatory Uncertainty (CCD II & Local Measures)
Large and fast-moving regulatory agenda (CCD II transposition) with potential outcomes including caps on lending-related fees, enhanced affordability tests, restrictions on advertising/value‑added services and 'free credit' sanction proposals — outcomes unknown and could materially affect business models.
Read all updates
Q4-2025 Updates
Positive
Negative
Profit Before Tax Growth
Profit before tax (pre-exceptional) increased 4% year-on-year to GBP 88.6m in 2025.
Read all positive updates
Company Guidance
Guidance was cautious but constructive: management gave no firm PBT number but warned near‑term earnings will be pressured by stepped‑up investment — an additional GBP 5m p.a. through the P&L for the next 2–3 years and higher CapEx (GBP 35m in 2025, up from GBP 24m in 2024, with a further GBP 15m added in both 2026 and 2027 to c. GBP 45–50m before normalising to GBP 25–30m pa from 2028) — while expecting receivables and customer momentum (GBP 130m receivables growth in 2025 versus a GBP 150m target; receivables > GBP 1bn; lending +12%; customers +4.7% to 1.729m) to drive recovery; returns are expected to moderate in 2026 and improve in 2027 (pre‑exceptional RORE was 14.9% in 2025 versus a 15–20% target), with medium‑term goals remaining revenue yield 56–58% (group ex‑Poland 56% in 2025), impairment rate 14–16% (group 9.0% in 2025; ex‑Poland 13.3%), cost‑income 49–51% (group 61.1% in 2025; ex‑Poland 56.2%), and equity‑to‑receivables towards ~40% by 2028; balance sheet guidance was broadly supportive (total facilities GBP 750m, net borrowings GBP 621m, headroom GBP 129m) and the Board maintained a progressive dividend policy (FY dividend 12.8p, payout 49%).International Personal Finance Financial Statement Overview
Summary
Income Statement
65
Positive
Balance Sheet
60
Neutral
Cash Flow
50
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 737.50M | 655.90M | 767.80M | 645.50M | 548.70M |
| Gross Profit | 708.70M | 655.90M | 598.40M | 538.80M | 438.50M |
| EBITDA | 187.40M | 0.00 | 190.10M | 172.70M | 150.80M |
| Net Income | 54.20M | 60.90M | 48.00M | 56.80M | 41.90M |
Balance Sheet | |||||
| Total Assets | 1.34B | 1.14B | 1.19B | 1.17B | 999.30M |
| Cash, Cash Equivalents and Short-Term Investments | 30.40M | 27.60M | 42.50M | 50.70M | 41.70M |
| Total Debt | 654.50M | 535.80M | 535.40M | 570.20M | 490.30M |
| Total Liabilities | 791.30M | 675.40M | 687.10M | 725.90M | 632.20M |
| Stockholders Equity | 546.00M | 466.30M | 501.90M | 445.20M | 367.10M |
Cash Flow | |||||
| Free Cash Flow | -11.90M | 600.00K | 63.20M | -24.70M | -40.20M |
| Operating Cash Flow | -4.50M | 24.80M | 85.80M | -900.00K | -24.80M |
| Investing Cash Flow | -35.20M | -24.10M | -22.60M | -23.50M | -15.20M |
| Financing Cash Flow | 40.70M | -12.60M | -72.70M | 27.20M | -32.20M |
International Personal Finance Technical Analysis
Positive
235.00
Price Trends
241.68
Positive
227.61
Positive
210.84
Positive
Market Momentum
4.41
Negative
69.67
Neutral
60.75
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:IPF, the sentiment is Positive. The current price of 235 is below the 20-day moving average (MA) of 250.30, below the 50-day MA of 241.68, and above the 200-day MA of 210.84, indicating a bullish trend. The MACD of 4.41 indicates Negative momentum. The RSI at 69.67 is Neutral, neither overbought nor oversold. The STOCH value of 60.75 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:IPF.
International Personal Finance Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | £221.14M | 5.11 | 8.33% | 5.33% | -11.17% | 6.04% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
67 Neutral | £558.09M | 9.42 | 10.35% | 4.39% | -7.52% | 50.23% | |
62 Neutral | £12.07M | 4.32 | 14.61% | 3.33% | 8.91% | 94.32% | |
61 Neutral | £185.50M | 2.44 | -965.56% | 4.74% | ― | ― | |
53 Neutral | £277.48M | 24.71 | 1.89% | ― | -3.77% | -147.20% | |
48 Neutral | £31.95M | -9.86 | -450.00% | ― | -97.14% | 98.49% |
* Financial Sector Average
GB:IPF
International Personal Finance
254.50
112.02
78.62%
GB:ORCH
Orchard Funding
56.50
29.57
109.80%
GB:VANQ
Vanquis Banking Group
109.40
49.90
83.87%
GB:SUS
S&U plc
1,820.00
492.38
37.09%
GB:AMGO
Amigo Holdings PLC
3.00
2.65
757.14%
GB:ASAI
ASA International Group PLC
185.50
101.94
122.00%
International Personal Finance Corporate Events
Regulatory Filings and Compliance
International Personal Finance updates total voting rights and share capital
Neutral
Mar 2, 2026
International Personal Finance Plc has confirmed its current share capital structure and voting rights as of 28 February 2026. The company reported an issued share capital of 224,610,034 ordinary shares of 10 pence each, of which 4,763,374 are hel...
Business Operations and StrategyDividendsFinancial DisclosuresM&A Transactions
International Personal Finance lifts profits, expands lending and backs higher takeover offer
Positive
Feb 25, 2026
International Personal Finance reported a 4.0% rise in pre-exceptional profit before tax to £88.6m for 2025, driven by an 11.8% increase in customer lending and a 13.9% rise in closing net receivables at constant exchange rates. Customer numb...
Executive/Board Changes
International Personal Finance awards over 1.1m shares to top executives under incentive plans
Neutral
Jan 15, 2026
International Personal Finance has awarded a total of 1,112,986 ordinary shares to four senior executives under its Restricted Share Plan and Deferred Share Plan, with grants made on 29 December 2025 outside a trading venue at nil cost to the reci...
Regulatory Filings and Compliance
International Personal Finance Confirms Total Voting Rights
Neutral
Jan 2, 2026
International Personal Finance has confirmed its total voting rights as at 31 December 2025, reporting issued share capital of 224,610,034 ordinary shares of 10 pence each, of which 4,777,987 are held in treasury. This leaves 219,832,047 voting ri...
M&A TransactionsPrivate Placements and Financing
IPF Extends Deadline for BasePoint’s Potential Acquisition Offer
Neutral
Dec 17, 2025
International Personal Finance Plc (IPF) has announced an extension of the deadline for BasePoint Capital LLC to finalize its financing arrangements for a potential cash offer to acquire IPF. The revised offer would allow IPF shareholders to recei...
M&A TransactionsPrivate Placements and Financing
IPF Extends Deadline for BasePoint’s Potential Acquisition Offer
Neutral
Dec 17, 2025
International Personal Finance Plc has announced an extension to the deadline for BasePoint Capital LLC to finalize its financing arrangements for a potential cash offer to acquire the entire share capital of IPF. The extension, granted by the Boa...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.