IPG - IPD Group Ltd

 IPG 

2026 aug

ipdgroup.com.au

https://www.tradingview.com/symbols/ASX-IPG/financials-overview/

https://stockanalysis.com/quote/asx/ipg/statistics/

https://koalagains.com/stocks/ASX/ipg

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Over the last 5 years (FY2021 to FY2025/2026), IPD Group Ltd (ASX:IPG) has experienced stellar growth driven by demand in data centers, infrastructure, and the electrification sector. Revenue surged from roughly AU$118 million in FY2021 to over AU$354 million by FY2025, while net profit after tax (NPAT) expanded to AU$26.2 million. [1, 2, 3, 4]

Profit & Revenue Growth

Revenue: Scaled dramatically at an average annual growth rate of over 32% across the five-year stretch, reaching a trailing twelve-month (TTM) revenue of AU$370.4 million. [1, 2]
Net Profit: Net profit after tax grew from lower baseline figures up to AU$26.2 million in FY25, with recent half-year (H1 FY26) underlying NPAT hitting AU$14.4 million (up 8.3% year-on-year). [1, 2]
EBITDA: TTM EBITDA sits at approximately AU$42.8 million, backed by strong operational execution and strategic acquisitions like Platinum Cables and EX Engineering. [1, 2]

Debt & Capital Structure

Long-Term Debt: Maintained at manageable levels, fluctuating between roughly AU$11 million and AU$41 million over recent cycles depending on acquisition financing, balanced by solid operational cash flows.
Cash Generation: Operating cash flow improved heavily alongside earnings, scaling past AU$52 million in recent full-year reports. [1, 2]

Return on Equity (ROE) & Returns

ROE: Strong profitability yielded a consistent Return on Equity typically ranging between 15% and 22% over the multi-year period (currently tracking around 16.3%). [1]
Dividends: Rewarded shareholders with a stable and growing payout; the interim fully franked dividend for 2026 reached AU$0.068 per share, reflecting a dividend yield near 2.65%. [1, 2]

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IPD Group Limited (ASX:IPG) trades at a current P/E ratio of roughly 15.1x to 18.7x, with recent historical annual P/E ratios fluctuating between roughly 11x and 24x over recent years, alongside a Return on Equity (ROE) averaging near 15.5%. [1, 2]

Valuation and P/E Ratios

Current P/E Ratio: ~15.1x – 18.7x
2025 P/E Ratio: ~11.8x – 12.9x
2024 P/E Ratio: ~19.5x – 20.5x
2023 P/E Ratio: ~22.3x – 24.3x
2022 P/E Ratio: ~10.9x [1, 2, 3, 4, 5]

Profitability and Returns

FY2025 Return on Equity (ROE): 15.97%
FY2024 Return on Equity (ROE): 15.43%
FY2025 NPAT (Net Profit After Tax): $26.19 million
FY2024 NPAT: $22.36 million [1]

Key Financial Metrics

Price to Book (P/B): ~1.89x (FY2025) up to 3.22x (FY2024)

Dividend Yield: ~4.2% (fully franked)

Current Ratio: ~2.02x

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For IPD Group Limited (ASX:IPG), a full 10-year historical track record of annual Return on Invested Capital (ROIC) versus Weighted Average Cost of Capital (WACC) is unavailable because the company only listed on the ASX in December 2021. Current trailing data shows an ROIC of approximately 12.8% to 17.65% against a WACC of about 12.2% to 12.8%, indicating the company is generating positive excess economic value. [1, 2, 3, 4, 5, 6]

Current Return Metrics

ROIC / Return on Capital: ~12.83% to 17.65% (trailing twelve months)
WACC: ~12.22% to 12.80%
Economic Spread: Positive (+0.6% to ~4.8% spread), meaning returns currently exceed the hurdle cost of capital [1, 2, 3, 4]

Public Trading Context

IPO Date: December 16, 2021 at an initial listing price of A$1.20.
Data Limitations: Because IPD Group operated as a private entity prior to late 2021, a complete year-by-year 10-year public spread history cannot be computed from audited public exchange filings

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