Financials iomart Group plc

Equities

IOM

GB0004281639

Internet Services

Market Closed - London S.E. Other stock markets 11:35:26 2024-05-10 am EDT			5-day change	1st Jan Change
128 ^GBX	+0.39%		-1.54%	-16.01%

May. 03	Jefferies cuts AJ Bell; Deutsche likes ConvaTec	AN
Apr. 11	Iomart on track to meet annual profit and revenue expectations	AN

Valuation

Fiscal Period: Marzo	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	378.2	294.4	342.5	178.7	137.3	143.6	-	-
Enterprise Value (EV) ¹	417.5	352	397.1	220	177.1	182.1	177.4	173.2
P/E ratio	30.1 x	22.1 x	34.4 x	19.4 x	20.1 x	24.1 x	18.1 x	16 x
Yield	2.14%	2.42%	2.27%	3.7%	4.37%	4.13%	4.32%	4.78%
Capitalization / Revenue	3.65 x	2.61 x	3.06 x	1.74 x	1.19 x	1.13 x	1.09 x	1.06 x
EV / Revenue	4.03 x	3.13 x	3.55 x	2.14 x	1.53 x	1.43 x	1.34 x	1.27 x
EV / EBITDA	9.89 x	8.09 x	9.59 x	5.79 x	4.9 x	4.91 x	4.73 x	4.54 x
EV / FCF	32.6 x	18.1 x	17.3 x	8.97 x	7.69 x	12 x	14.9 x	11.9 x
FCF Yield	3.07%	5.53%	5.79%	11.1%	13%	8.37%	6.71%	8.4%
Price to Book	3.72 x	2.69 x	3 x	1.53 x	1.14 x	1.21 x	1.29 x	1.49 x
Nbr of stocks (in thousands)	108,369	109,019	109,428	109,925	110,407	112,207	-	-
Reference price ²	3.490	2.700	3.130	1.626	1.244	1.280	1.280	1.280
Announcement Date	6/11/19	6/24/20	6/15/21	6/14/22	6/13/23	-	-	-

¹GBP in Million²GBP

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	103.7	112.6	111.9	103	115.6	127	132.4	136.1
EBITDA ¹	42.2	43.5	41.4	38.01	36.16	37.05	37.52	38.11
EBIT ¹	26.61	24.93	21.6	19.07	16.92	17.17	19.06	19.79
Operating Margin	25.66%	22.14%	19.31%	18.51%	14.63%	13.52%	14.4%	14.54%
Earnings before Tax (EBT) ¹	-	16.78	12.46	12.17	8.502	8.187	10.82	12.53
Net income ¹	-	13.65	10.2	9.396	6.995	6.157	8.106	9.339
Net margin	-	12.12%	9.12%	9.12%	6.05%	4.85%	6.12%	6.86%
EPS ²	0.1160	0.1220	0.0910	0.0840	0.0620	0.0532	0.0706	0.0802
Free Cash Flow ¹	12.8	19.46	23	24.52	23.04	15.23	11.9	14.55
FCF margin	12.34%	17.29%	20.55%	23.8%	19.92%	11.99%	8.99%	10.69%
FCF Conversion (EBITDA)	30.32%	44.74%	55.55%	64.51%	63.71%	41.12%	31.72%	38.18%
FCF Conversion (Net income)	-	142.58%	225.37%	260.97%	329.35%	247.42%	146.8%	155.8%
Dividend per Share ²	0.0746	0.0653	0.0710	0.0602	0.0544	0.0529	0.0553	0.0612
Announcement Date	6/11/19	6/24/20	6/15/21	6/14/22	6/13/23	-	-	-

¹GBP in Million²GBP

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: March	2020 S1	2020 S2	2021 S1	2021 S2	2022 S1	2022 S2	2023 S1	2024 S1
Net sales	55.13	-	56.31	-	51.93	51.09	52.56	-
EBITDA ¹	-	-	-	-	19.57	18.44	17.79	18.6
EBIT	-	-	-	-	10.01	9.063	-	-
Operating Margin	-	-	-	-	19.27%	17.74%	-	-
Earnings before Tax (EBT)	-	-	-	-	6.036	6.13	-	-
Net income	-	-	-	-	-	-	-	-
Net margin	-	-	-	-	-	-	-	-
EPS	-	-	0.0430	-	-	-	-	-
Dividend per Share	-	0.0393	-	0.0500	-	0.0400	-	-
Announcement Date	11/27/19	6/24/20	12/1/20	6/15/21	12/7/21	6/14/22	12/6/22	12/5/23

¹GBP in Million

Estimates

Balance Sheet Analysis

Fiscal Period: March	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	39.2	57.6	54.6	41.3	39.8	38.5	33.8	29.6
Net Cash position ¹	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	0.93 x	1.325 x	1.319 x	1.086 x	1.1 x	1.038 x	0.9007 x	0.7757 x
Free Cash Flow ¹	12.8	19.5	23	24.5	23	15.2	11.9	14.6
ROE (net income / shareholders' equity)	-	16.8%	14%	11.4%	10.3%	7.88%	9.89%	12.4%
ROA (Net income/ Total Assets)	-	-	-	-	-	3.04%	4.65%	6.11%
Assets ¹	-	-	-	-	-	202.6	174.3	153
Book Value Per Share ²	0.9400	1.000	1.040	1.060	1.100	1.060	1.000	0.8600
Cash Flow per Share ²	0.2800	0.3300	0.3600	0.3200	-	0.2300	0.2400	0.2400
Capex ¹	18.6	17.2	17.1	10.9	10.8	12.9	13.5	13.9
Capex / Sales	17.96%	15.24%	15.25%	10.61%	9.38%	10.15%	10.23%	10.2%
Announcement Date	6/11/19	6/24/20	6/15/21	6/14/22	6/13/23	-	-	-

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 iomart Group plc

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

1.28 GBP

Average target price

2.048 GBP

Spread / Average Target

+60.00%

Consensus

EPS Revisions

Estimates Revisions

Quarterly revenue - Rate of surprise

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