Added to YB: 2025-01-20
Pitch date: 2025-01-18
IGR.L [bullish]
IG Design Group plc
-19.33%
current return
Author Info
Company Info
IG Design Group plc engages in the design, production, and distribution of gift packaging, arty, goods not for resale, craft, stationery, and homeware consumable products in the Americas, the United Kingdom, Netherlands, and internationally.
Market Cap
GBP 64.5M
Pitch Price
GBP 0.59
Price Target
N/A
Dividend
N/A
EV/EBITDA
6.11
P/E
-0.64
EV/Sales
0.16
Sector
Household Durables
Category
value
Net-Net Value: IG Design Group Offers Deep Discount to Liquidation Value
IGR.L: Net-net trading at 54% NCAV, 23% P/BV. 4th largest customer bankruptcy led to $15M provision. FY breakeven expected. New CEO for DG Americas (2/3 revenue). Historically profitable, solid balance sheet. Liquidation value breakeven at 59.6p/share. 2% AUM position, may increase pending research.
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