Financials discoverIE Group plc

Equities

DSCV

GB0000055888

Electronic Equipment & Parts

Real-time Estimate Cboe Europe Other stock markets 05:59:51 2024-05-20 am EDT			5-day change	1st Jan Change
738 ^GBX	+0.27%		+1.66%	-6.84%

May. 07	AstraZeneca target raised; Antofagasta lowered	AN
Apr. 18	DiscoverIE set to meet full-year expectations; maintains momentum	AN

Valuation

Fiscal Period: March	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	289	435.5	599.4	746.8	742.3	704.8	-	-
Enterprise Value (EV) ¹	352.3	496.8	646.6	777	785	811.7	798.2	783.7
P/E ratio	20.3 x	29.8 x	51.5 x	30 x	35.5 x	34.8 x	31.3 x	27.3 x
Yield	2.42%	0.6%	1.51%	1.37%	1.49%	1.63%	1.71%	1.82%
Capitalization / Revenue	0.66 x	0.93 x	1.32 x	1.97 x	1.65 x	1.6 x	1.53 x	1.47 x
EV / Revenue	0.8 x	1.07 x	1.42 x	2.05 x	1.75 x	1.85 x	1.73 x	1.63 x
EV / EBITDA	9.52 x	9.82 x	13.4 x	14.4 x	11.8 x	11.7 x	10.7 x	10.1 x
EV / FCF	20.5 x	15.9 x	15.1 x	31.5 x	16.9 x	27.8 x	25.7 x	23.1 x
FCF Yield	4.88%	6.3%	6.6%	3.18%	5.92%	3.6%	3.89%	4.32%
Price to Book	2.21 x	2.13 x	2.96 x	2.6 x	2.45 x	2.3 x	2.22 x	2.12 x
Nbr of stocks (in thousands)	73,361	88,706	89,456	94,767	96,275	95,760	-	-
Reference price ²	3.940	4.910	6.700	7.880	7.710	7.360	7.360	7.360
Announcement Date	6/4/19	6/24/20	6/3/21	6/14/22	6/7/23	-	-	-

¹GBP in Million²GBP

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	438.9	466.4	454.3	379.2	448.9	439.4	461.5	480
EBITDA ¹	37	50.6	48.4	53.9	66.4	69.29	74.72	77.84
EBIT ¹	30.6	37.1	35.2	41.4	51.8	56.7	61.64	64.73
Operating Margin	6.97%	7.95%	7.75%	10.92%	11.54%	12.9%	13.36%	13.49%
Earnings before Tax (EBT) ¹	19.3	19.5	17	17.1	29.1	28.65	33.14	37.88
Net income ¹	14.6	14.3	12	25.2	21.3	20.65	21.82	25.79
Net margin	3.33%	3.07%	2.64%	6.65%	4.74%	4.7%	4.73%	5.37%
EPS ²	0.1940	0.1650	0.1300	0.2630	0.2170	0.2115	0.2350	0.2700
Free Cash Flow ¹	17.2	31.3	42.7	24.7	46.5	29.24	31.04	33.88
FCF margin	3.92%	6.71%	9.4%	6.51%	10.36%	6.65%	6.73%	7.06%
FCF Conversion (EBITDA)	46.49%	61.86%	88.22%	45.83%	70.03%	42.21%	41.55%	43.53%
FCF Conversion (Net income)	117.81%	218.88%	355.83%	98.02%	218.31%	141.59%	142.24%	131.41%
Dividend per Share ²	0.0955	0.0297	0.1015	0.1080	0.1145	0.1200	0.1262	0.1338
Announcement Date	6/4/19	6/24/20	6/3/21	6/14/22	6/7/23	-	-	-

¹GBP in Million²GBP

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: March	2021 S1	2023 S1	2024 S1	2024 S2
Net sales	-	-	-	-
EBITDA	-	-	-	-
EBIT ¹	-	25.6	-	27.7
Operating Margin	-	-	-	-
Earnings before Tax (EBT)	-	-	-	-
Net income	10.4	-	11.5	-
Net margin	-	-	-	-
EPS	0.0580	-	0.1170	-
Dividend per Share	-	-	-	-
Announcement Date	11/30/20	11/23/22	12/5/23	-

¹GBP in Million

Estimates

Balance Sheet Analysis

Fiscal Period: March	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	63.3	61.3	47.2	30.2	42.7	107	93.4	78.9
Net Cash position ¹	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	1.711 x	1.211 x	0.9752 x	0.5603 x	0.6431 x	1.543 x	1.249 x	1.014 x
Free Cash Flow ¹	17.2	31.3	42.7	24.7	46.5	29.2	31	33.9
ROE (net income / shareholders' equity)	15.5%	16%	11.7%	11.3%	11.6%	10.4%	11%	11.4%
ROA (Net income/ Total Assets)	-	-	-	-	-	3.81%	4.71%	5.29%
Assets ¹	-	-	-	-	-	542	463.7	487.5
Book Value Per Share ²	1.790	2.310	2.260	3.030	3.150	3.200	3.320	3.470
Cash Flow per Share ²	0.3200	0.5100	0.4900	0.6100	0.6000	0.4400	0.4700	0.5100
Capex ¹	5.2	6.3	3.9	6.2	5.6	7.95	8.6	9.25
Capex / Sales	1.18%	1.35%	0.86%	1.64%	1.25%	1.81%	1.86%	1.93%
Announcement Date	6/4/19	6/24/20	6/3/21	6/14/22	6/7/23	-	-	-

¹GBP in Million²GBP

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for discoverIE Group plc

Trading Rating

Investor Rating

ESG Refinitiv

B-

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

7.36 GBP

Average target price

9.446 GBP

Spread / Average Target

+28.34%

Consensus

EPS Revisions

Estimates Revisions

Annual profits - Rate of surprise

Company calendar

Sector Electronic Component

	1st Jan change	Capi.
DISCOVERIE GROUP PLC	-6.84%	896M
AMPHENOL CORPORATION	+33.07%	79.23B
HON HAI PRECISION INDUSTRY CO., LTD.	+62.68%	73.18B
MURATA MANUFACTURING CO., LTD	-3.96%	34.75B
LUXSHARE PRECISION INDUSTRY CO., LTD.	-8.16%	31.45B
JABIL INC.	-9.72%	13.87B
AVIC JONHON OPTRONIC TECHNOLOGY CO.,LTD.	-4.82%	10.89B
LENS TECHNOLOGY CO., LTD.	+11.74%	10.09B
BYD ELECTRONIC (INTERNATIONAL) COMPANY LIMITED	-6.15%	9.76B
COHERENT CORP.	+33.54%	8.86B

Electronic Component