Added to YB: 2025-03-19
Pitch date: 2025-03-17
IGN.AX [bullish]
Ignite Limited
-12.06%
current return
Author Info
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Company Info
Ignite Limited, together with its subsidiaries, provides specialist recruitment and managed services in Australia and New Zealand.
Market Cap
AUD 16.3M
Pitch Price
AUD 0.98
Price Target
N/A
Dividend
7.00%
EV/EBITDA
7.75
P/E
15.84
EV/Sales
0.14
Sector
Professional Services
Category
value
Ignite Limited - Cigar Butt With New Leadership And Hidden Assets
IGN.AX: New CEO turned co. profitable. Hidden assets (franking credits, NOLs) create negative EV. 8.7x EV/FCF w/o hidden assets. 99% AU ownership, illiquid. First dividend in 13 yrs. Risks: cyclical, AI disruption. Upside: continued profit improvement, dividend growth. Downside protected by net assets.
Read full article (11 min)