Impax Asset Management (IPX) AI Stock Analysis

• Market Cap: £162.16M
• Dividend Yield: 21.87%
• Average Volume (3M): 1.28M
• Price to Earnings (P/E): 4.4
• Beta (1Y): 1.94
• Revenue Growth: -4.31%
• EPS Growth: -6.30%
• Country: UK
• Employees: 315
• Sector: Financial
• Sector Strength: 86
• Industry: Asset Management
• EPS (TTM): 0.28
• Shares Outstanding: 132,596,560
• 10 Day Avg. Volume: 1,014,100
• 30 Day Avg. Volume: 1,278,415
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): 1.52
• Price to Cash Flow (P/CF): 3.40
• P/FCF Ratio: 3.50
• 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: 330.00p
• Price Target Upside: 161.49% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1

Impax Asset Management's overall stock score reflects its robust financial performance and attractive valuation, which are its key strengths. The company faces challenges in technical indicators and recent AUM decline, but strategic acquisitions and a high dividend yield provide support for future potential.

Impax Asset Management Business Overview & Revenue Model

Company Description

Impax Asset Management (IPX) is a leading investment management firm specializing in sustainable investing. The company focuses on opportunities arising from the transition to a more sustainable global economy, particularly within the sectors of renewable energy, water, waste, and resource efficiency. Impax offers a range of investment solutions, including actively managed equity, fixed income, and real asset strategies, catering to institutional and retail investors worldwide.

How the Company Makes Money

Impax Asset Management generates revenue primarily through management fees charged on assets under management (AUM). These fees are typically a percentage of the AUM and vary depending on the investment strategy and client agreement. The company may also earn performance fees if the investment returns exceed certain benchmarks or predefined targets. Additionally, Impax leverages partnerships with financial institutions and distribution networks to expand its reach and client base, further enhancing its revenue potential. The firm's focus on sustainable investment strategies aligns with growing investor interest in Environmental, Social, and Governance (ESG) criteria, which contributes to its competitive positioning and ability to attract new investments.

Impax Asset Management Financial Statement Overview

Summary

Overall, Impax Asset Management exhibits strong financial health with excellent cash flow, stable balance sheet, and solid income statement performance. While profitability margins show some pressure, the company's financial position allows for resilience and potential growth opportunities.

Income Statement

Impax Asset Management shows a robust gross profit margin and consistent revenue growth over several years, indicating strong operational efficiency. However, the net profit margin has slightly declined in the latest period, suggesting some pressure on profitability.

Balance Sheet

The company's balance sheet is solid, with a low debt-to-equity ratio indicating prudent leverage management. The equity ratio remains healthy, contributing to financial stability. Return on equity has moderated but remains respectable.

Cash Flow

Impax Asset Management demonstrates strong cash flow metrics, with significant growth in free cash flow and a strong operating cash flow to net income ratio. This indicates robust cash generation capabilities, supporting future growth and financial flexibility.

Breakdown
TTM	Sep 2024	Sep 2023	Sep 2022	Sep 2021	Sep 2020
Income Statement		Total Revenue
179.96M	170.11M	178.37M	175.95M	142.69M	87.68M
	Gross Profit
115.29M	107.98M	85.12M	165.30M	133.09M	77.85M
	EBIT
57.12M	0.00	66.56M	65.88M	47.89M	18.60M
	EBITDA
62.21M	53.97M	57.60M	70.14M	51.94M	22.86M
	Net Income Common Stockholders
40.67M	36.48M	39.22M	59.48M	40.24M	13.74M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
19.38M	109.09M	104.78M	118.17M	81.80M	43.15M
	Total Assets
81.86M	182.38M	188.52M	203.45M	172.35M	113.63M
	Total Debt
6.63M	7.79M	8.74M	9.08M	9.43M	10.67M
	Net Debt
501.00K	-17.52M	-29.22M	-43.15M	-26.74M	-9.57M
	Total Liabilities
26.21M	51.26M	54.56M	65.27M	61.83M	42.19M
	Stockholders Equity
54.64M	131.12M	133.96M	138.18M	110.52M	71.45M
Cash Flow		Free Cash Flow
51.90M	49.56M	37.83M	70.92M	55.07M	23.68M
	Operating Cash Flow
52.99M	50.64M	38.66M	71.72M	55.33M	23.86M
	Investing Cash Flow
-28.23M	-14.37M	1.51M	-19.64M	-23.69M	-2.63M
	Financing Cash Flow
-49.73M	-45.99M	-52.29M	-38.63M	-14.71M	-12.88M

Impax Asset Management Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 126.20
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:IPX, the sentiment is Negative. The current price of 126.2 is below the 20-day moving average (MA) of 172.46, below the 50-day MA of 179.14, and below the 200-day MA of 271.40, indicating a bearish trend. The MACD of 1.11 indicates Positive momentum. The RSI at 43.92 is Neutral, neither overbought nor oversold. The STOCH value of 26.48 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GB:IPX.

Impax Asset Management Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ADM	80 Outperform	£9.43B	14.22	56.17%	3.99%	34.86%	95.18%
RAT	76 Outperform	£1.47B	22.27	4.83%	3.84%	49.59%	18.13%
IPX	74 Outperform	£162.16M	4.42	27.52%	21.87%	-4.31%	-6.30%
CLIG	73 Outperform	£158.78M	11.28	11.92%	10.06%	0.27%	1.47%
AJB	73 Outperform	£1.62B	19.50	45.56%	3.13%	23.46%	23.33%
POLR	73 Outperform	£348.05M	8.34	33.77%	12.62%	18.08%	22.78%
Sector *	64 Neutral	$13.37B	9.30	9.39%	4.85%	16.11%	-8.85%

Impax Asset Management Corporate Events

Impax Asset Management Sees AUM Decline Amid Market Challenges

Impax Asset Management reported a 25.7% decrease in assets under management (AUM) for the first quarter of its financial year, totaling £25.3 billion as of March 31, 2025. The decline was attributed to the winding-up of a significant fund mandate and account closures, compounded by negative market returns. Despite these challenges, Impax completed the acquisition of European assets from SKY Harbor Capital Management, adding £1.1 billion in AUM and expanding its fixed income investment capabilities. However, the company anticipates that full-year profits will fall below market expectations due to ongoing market uncertainties and an escalating trade war.

Spark’s Take on GB:IPX Stock

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

Impax Asset Management’s overall stock score reflects its robust financial performance, attractive valuation, and positive corporate developments. While technical indicators show some caution, the company’s strategic initiatives and high dividend yield provide strong support for the stock’s future potential.

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

Impax Asset Management Expands Fixed Income Capabilities with Acquisition of SKY Harbor’s European Assets

Impax Asset Management has completed the acquisition of the European assets of SKY Harbor Capital Management, a high yield fixed income manager. This strategic acquisition enhances Impax’s capabilities in fixed income, adding approximately £1.1 billion in assets under management and expanding its range of credit market solutions. The acquisition also includes Frankfurt-based SKY Harbor Capital Management GmbH, facilitating cross-border distribution. This move follows Impax’s previous acquisition of Absalon Corporate Credit, bringing its total fixed income assets to £2.6 billion, and further solidifying its position in the sustainable investment sector.

Liontrust Reduces Stake in Impax Asset Management

Liontrust Investment Partners LLP has reduced its voting rights in Impax Asset Management Group plc from 12.85% to 11.01%, as of March 12, 2025. This change in voting rights may impact the company’s shareholder dynamics and influence its strategic decisions, potentially affecting stakeholders and the company’s position in the asset management industry.

Impax Asset Management’s AGM Resolutions Passed with Strong Support

Impax Asset Management Group plc announced that all resolutions were passed at their recent Annual General Meeting, including the re-election of several directors and the approval of a final dividend of 22.9 pence per share. This outcome reflects strong shareholder support and positions the company to continue its strategic initiatives, potentially enhancing its market standing and delivering value to stakeholders.

Impax Asset Management Reports AUM Decline and Efficiency Gains Amid Market Shifts

Impax Asset Management reported a decline in its assets under management (AUM) to £28.5 billion as of February 2025, primarily due to the loss of a significant mandate. Despite this, 69% of its AUM outperformed benchmarks since January, and the company is seeing increased client interest and improving fund inflows. In response to the AUM contraction, Impax has accelerated its efficiency program, reducing costs by over £11 million without impacting growth prospects. The company is also expanding its fixed income capabilities with an upcoming acquisition, positioning itself to capitalize on the growing interest in sustainable investments.

Impax Asset Management Reports AUM Decline and Efficiency Gains

Impax Asset Management reported a decrease in its assets under management to £28.5 billion as of February 2025, primarily due to the loss of a significant mandate. Despite this, the company has seen improved investment performance relative to benchmarks and continues to experience client interest in its offerings. Impax has accelerated its efficiency program, reducing costs by over £11 million without impacting growth prospects. The company is also expanding its fixed income capabilities with an impending acquisition and remains focused on optimizing shareholder value through strategic capital allocation.

Impax Asset Management Announces Change in Voting Rights Holdings

Impax Asset Management Group Plc has announced a change in its voting rights holdings, as Gresham House Asset Management Ltd has reduced its stake from 5.05% to 3.69%. This change in voting rights could impact Impax’s decision-making processes and influence within the company, potentially affecting its strategic direction and stakeholder interests.

Impax CEO Invests in Company’s Future with Share Purchase

Impax Asset Management Group plc announced that its Chief Executive, Ian Simm, has purchased 23,047 ordinary shares of the company at a price of 173.5567p per share. This transaction, conducted on the London Stock Exchange, reflects confidence in the company’s market position and future prospects, potentially influencing stakeholder perceptions positively.