Ignite Ltd (IGN) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Ignite Ltd stock A$1.24, price A$0.42, upside +198.8%, quality 56 out of 100. Rating: strongly undervalued. Calculated from audited financials with 23 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 7, 2026.
How to read this chart
60‑month range A$0.0401 – A$2.08 · fair‑value band A$0.9900 – A$1.49 · the A$0.4150 price screens below the A$1.24 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 7, 2026.
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Ignite Limited, together with its subsidiaries, engages in the specialist recruitment and technology solutions in Australia and New Zealand. The company offers contingent labour and permanent placement services, as well as permanent, government, contract, and temporary recruitment services.
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It also provides IT & digital, cybersecurity, business support, engineering, library roles, project management, and professional service recruitment services.
In addition, the company offers on demand IT services, including IT field project, network management, and software rollouts and upgrade services; managed services, such as IT solutions architect, digital and cloud solutions, IT infrastructure upgrade, and IT software rollouts and upgrade services; and professional services, which consist of IT project management, IT Solutions architect, digital and cloud solutions, IT infrastructure upgrade, data management, and cyber security services.
The company was formerly known as Clarius Group Limited. Ignite Limited was incorporated in 1984 and is headquartered in Sydney, Australia.
Stock analysis
Ignite Ltd (IGN) currently trades at A$0.4150, while our model-based Fair Value estimate is A$1.24, implying the stock looks roughly 67% undervalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of A$1.91 per share, and 23 of the 23 models we run sit above the A$0.4150 price.
Bear case: the Asset-Based group reads lowest at A$0.5100, and 0 of the 23 models stay below the price. Data coverage for this calculation is low.
Scenario range: A$0.9900 (bear) to A$1.49 (bull), the price of A$0.4150 sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 56/100 (solid quality), in the Industrials sector.
Mixed Growth: Spin-off in 2026: revenue and profit before it include the divested business. Growth is measured afresh from 2026.
Ignite Ltd reported revenue of A$73.2M in FY2026 versus A$114M in FY2022, a compound −10.5%/yr. Reported net income was A$872K in FY2026.
Key figures
Market cap A$10.3M (≈ $7.1M) Micro · P/E ratio 8.3 · P/S ratio 0.09 · EPS (TTM) A$0.0500 · Dividend yield 14.5% · Net margin 1.2% · Return on equity 10.3% · Return on assets (EBIT) 3.4% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 38 out of 100 (low confidence).
What moves the price
The share trades about 55% below its 52-week high and 5% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at 14% fair-value upside, at 199%, IGN screens cheaper than that median.
Fair Value models
BearA$0.9900Fair Value A$1.24BullA$1.49
Price A$0.4150 · Upside +198.8%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.55/100
Spin-off in 2026: revenue and profit before it include the divested business. Growth is measured afresh from 2026.
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−7.6%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−6.5%
Start year 2020 (pandemic). Over 10 years: −6.6% a year
Revenue growth 28 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+1.6%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
+29.5%
Earnings growth per share plus dividend.
Earnings per share, growth per year+15.0%
Dividend (yield on the price)14.5%
Profit margin 2021 to 2026 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.0% → 1%
Growth Forecast
Little optimism in the price
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
less than -40 %
The company could shrink this much every year for the next five years and today's price would still be justified.
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Staffing & Employment Services · 83 stocks
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Ignite Ltd Fair Value". https://www.fairvalue-calculator.com/stock/IGN
Frequently asked questions
Is Ignite Ltd (IGN) overvalued or undervalued?
As of Nov 7, 2026, our model estimates a fair value of A$1.24 versus a price of A$0.4150, about +199% upside (undervalued).
What is the fair value of IGN?
Our model-based fair value for Ignite Ltd is A$1.24 (as of Nov 7, 2026), built from audited fundamentals. The current price: A$0.4150.
What is the quality score of IGN?
Ignite Ltd has a Quality Score of 56/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Ignite Ltd (IGN)?
Our model-based price target is the fair value of A$1.24 (as of Nov 7, 2026) from 23 valuation models. Cautious scenario A$0.9900, optimistic scenario A$1.49. It is a calculation from audited fundamentals, not an analyst target.
What is the Ignite Ltd stock forecast for 2026?
Our models put fair value at A$1.24, about +199% upside versus a price of A$0.4150 (undervalued). Cautious scenario A$0.9900, optimistic scenario A$1.49. The calculation is refreshed regularly with new filings.
What is the revenue of Ignite Ltd (IGN)?
Ignite Ltd reported trailing-twelve-month revenue of about A$73.2M (latest available figure, as of Nov 7, 2026).
Does Ignite Ltd pay a dividend?
Ignite Ltd currently shows a dividend yield of 14.46% relative to its recent price (as of Nov 7, 2026).
How much is the dividend of Ignite Ltd (IGN) and when is the ex-dividend date?
Ignite Ltd pays a dividend of A$0.06 per share a year, a dividend yield of 14.5%. The last ex-dividend date was Aug 27, 2026. The payout ratio is 120% of earnings. Free cash flow covers the dividend 2.34 times. Our assessment: Sustainable. Payout and cash coverage both look sustainable.
What growth is priced into Ignite Ltd (IGN)?
For today's price to be fair in a discounted-cash-flow model, Ignite Ltd would have to grow free cash flow by less than minus 40 % per year for five years (discount rate 9.5 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -8.5 % per year. As of Nov 7, 2026.
What discount rate (WACC) does the fair value of IGN use?
Our models discount Ignite Ltd at 9.5 %: a base by market capitalisation (nano), country premium for Australia. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Ignite Ltd that is less than minus 40 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (9.5 %) and the same formula as our fair value.
How much growth has Ignite Ltd (IGN) delivered so far?
Over the past 5 years revenue at Ignite Ltd grew -8.5 % a year. The price currently implies free-cash-flow growth of less than minus 40 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Ignite Ltd (IGN) growing?
The median revenue growth in the sector is +7.8 % a year. That is the yardstick for the growth priced into Ignite Ltd (less than minus 40 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Ignite Ltd (IGN)?
The free-cash-flow yield on the price is 30.86 %: that much free cash flow Ignite Ltd produces per unit of market value. When it exceeds the discount rate of our models (9.5 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Ignite Ltd (IGN)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Ignite Ltd it is A$1.24 per share (as of Nov 7, 2026), against a price of A$0.4150. It is the blended result of 23 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Ignite Ltd stock overvalued or undervalued in 2026?
As of Nov 7, 2026, IGN trades below its calculated fair value: price A$0.4150, fair value A$1.24, a gap of about +199% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of IGN?
No. The price is what the market pays today (A$0.4150); the fair value is what the company's own numbers justify (A$1.24). For Ignite Ltd the two are A$0.8250 per share apart. That gap is exactly why we show both numbers side by side.
How much is Ignite Ltd worth?
The market values Ignite Ltd at about A$10.3M (market capitalisation, as of Nov 7, 2026). Per share that is A$0.4150; our models calculate a fair value of A$1.24 per share.
What do the bullish and bearish scenarios say about IGN?
Our models span a range for Ignite Ltd: cautious scenario A$0.9900, base A$1.24, optimistic A$1.49 per share (as of Nov 7, 2026, price A$0.4150). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of IGN?
Ignite Ltd trades at a price-to-earnings ratio of 8.3 (as of Nov 7, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of A$1.24 is built from several models across several years. Other multiples: PEG 0.2, P/B 1.2, P/S 0.1, EV/EBITDA 4.6.
What is the PEG ratio of IGN?
The PEG ratio of Ignite Ltd is 0.24 (P/E divided by earnings growth, as of Nov 7, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of Ignite Ltd (IGN)?
Balance-sheet figures for Ignite Ltd (as of Nov 7, 2026): return on equity 10.3%, debt of 0.00 per unit of equity. They feed the Quality Score of 56/100, which measures business quality independently of the share price.
How far is IGN from its 52-week high?
Ignite Ltd trades at A$0.4150, about 55% below its 52-week high of A$0.9122 and 5% above the low of A$0.3950 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of A$1.24 is for.
Which stocks are comparable to Ignite Ltd?
From the same area (Industrials) we also value Randstad N.V, Adecco Group, Korn Ferry,, Robert Half Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Ignite Ltd stock attractive at the current price?
The data as of Nov 7, 2026: price A$0.4150, calculated fair value A$1.24 (+199%), Quality Score 56/100, from 23 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of IGN calculated?
We run Ignite Ltd through 23 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of A$1.24 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.3% above its aggregate fair value. Ignite Ltd currently trades 67% below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Ignite Ltd (IGN)?
The closing price on Nov 6, 2026 was A$0.4150. Our model-based fair value is A$1.24, about +199% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Ignite Ltd right now?
The price is below even our cautious bear case (A$0.9900). The market is more pessimistic than our downside scenario. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid quality (56/100) at a price below fair value, the discount is the argument here, not the business quality.
Key figures of Ignite Ltd
How large is the market capitalisation of Ignite Ltd (IGN)?
The market capitalisation of Ignite Ltd is A$10.3M (≈ $7.1M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Ignite Ltd (IGN)?
The price-to-sales ratio of Ignite Ltd is 0.09 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Ignite Ltd (IGN)?
Earnings per share at Ignite Ltd are A$0.0500 (price ÷ EPS = P/E 8.3). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Ignite Ltd (IGN)?
The dividend yield of Ignite Ltd is 14.5% (payout 120%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Ignite Ltd (IGN)?
The net margin of Ignite Ltd is 1.2% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Ignite Ltd (IGN)?
The return on equity (ROE) of Ignite Ltd is 10.3% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Ignite Ltd (IGN)?
On an EBIT basis the return on assets of Ignite Ltd is 3.4% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Ignite Ltd (IGN)?
The operating margin of Ignite Ltd is 1.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Ignite Ltd (IGN)?
Revenue at Ignite Ltd is growing −19.4% versus a year earlier (3y avg −11.8%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Ignite Ltd (IGN)?
Earnings per share at Ignite Ltd are growing −16.3% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Ignite Ltd (IGN) hold?
Ignite Ltd holds more cash than debt, A$6.7M net (fiscal year 2026). The company holds more cash than debt, a safety cushion.
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Nov 7, 2026