Intercede Group (IGP) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Intercede Group £1.38, price £1.33, upside +3.8%, quality 62 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
- Fair value above price? Yes
- Good quality? Yes
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Intercede Group
IGP · LSENeutralQuality growthThe stock looks roughly fairly valued with average quality.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 23, 2026.
How to read this chart
60‑month range £0.3800 – £2.12 · fair‑value band £1.01 – £1.89 · the £1.33 price screens below the £1.38 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 2 fiscal years are left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Sep 23, 2026.
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Company profile
Intercede Group plc, a cybersecurity company, develops and supplies identity and credential management software for digital trust primarily in the United Kingdom, rest of Europe, the United States, and internationally.
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Intercede Group plc, a cybersecurity company, develops and supplies identity and credential management software for digital trust primarily in the United Kingdom, rest of Europe, the United States, and internationally. The company offers MyID Password Security Management which detects and prevents breached passwords through real-time and scheduled checking, stops accounts from sharing passwords and offers instant password feedback and automatic remediation. It also provides MyID IDV for registration and identity verification; and MyID MFA, a secure login and password replacement solution which provides multiple token and tokenless options to suit any scenario while ensuring a simple user experience. In addition, the company offers MyID CMS, a flexible software solution that enables organizations and governments to deploy and manage PKI based digital identities; and MyID PIV, a software solution for federal agencies that issue and manage secure digital identities to federal employees using public key infrastructure. It serves government and federal; US federal; aerospace and defense; finance and banking; healthcare and critical infrastructure; energy and utilities; manufacturing and industry; and military and police institutes. The company was formerly known as Optionsilver plc and changed its name to Intercede Group plc in December 2000. Intercede Group plc was founded in 1992 and is headquartered in Lutterworth, the United Kingdom.
Stock analysis
Intercede Group (IGP) currently trades at £1.33, while our model-based Fair Value estimate is £1.38, implying the stock looks roughly 3.6% fairly valued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of £1.23 per share, and 7 of the 24 models we run sit above the £1.33 price.
Bear case: the Asset-Based group reads lowest at £0.2100, and 17 of the 24 models stay below the price. Evidence for this calculation is high.
Scenario range: £1.01 (bear) to £1.89 (bull), the price of £1.33 sits inside 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 62/100 (solid quality), in the Technology sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Intercede Group reported revenue of 17.2M GBX in FY2026 versus 9.9M GBX in FY2022, a compound +14.7%/yr. Reported net income was 3.4M GBX in FY2026, compounding +47.0%/yr from FY2022. FY2022 was a trough year, so the rate overstates the trend.
Key figures
Market cap 81.8M GBX · P/E ratio 26.5 · P/S ratio 5.21 · EPS (TTM) £0.0500 · Net margin 19.7% · Return on equity 18.6% · Return on assets (EBIT) 10.5% · Operating margin 24.8%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 52 out of 100 (low confidence).
What moves the price
The share trades about 25% below its 52-week high and 74% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Technology peers we cover trades at −14% fair-value upside, at 4%, IGP screens cheaper than that median.
Fair Value models
All 24 models by family
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Set up alert →Quality Score breakdown
Of which business quality 65 · Market factors (momentum, volatility) 40
Revenue & earnings trend
Growth Forecast
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Compare Intercede Group with another stock
Price, fair value, quality and upside side by side.
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.Software - Application · 721 stocks
Valuation Multiplesvs Software - Application median · lower = cheaper
Strength profile in five axes (Snowflake)
Context: sector, industry, market
- Is the Information Technology sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- Undervalued stocks: UK Stocks
- Valuation of the UK market
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Software - Application stocks, each showing price versus our Fair Value estimate.
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|---|---|---|---|
| SAP SE SAP | €184.18 | €159.06 | −14% |
| Shopify Inc SHOP | $142.34 | $64.36 | −55% |
| Uber Technologies, Inc UBER | $69.89 | $104.82 | +50% |
| Salesforce, Inc CRM | $233.28 | $344.41 | +48% |
| ServiceNow, Inc NOW | $140.78 | $154.86 | +10% |
| Cadence Design Systems, Inc CDNS | $309.09 | $225.14 | −27% |
| Snowflake Inc SNOW | $334.81 | $75.08 | −78% |
| Datadog, Inc DDOG | $251.49 | $32.92 | −87% |
| Adobe Inc ADBE | $238.25 | $454.04 | +91% |
| Automatic Data Processing, Inc ADP | $263.68 | $177.51 | −33% |
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Key figures of Intercede Group
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