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IPD Group (IPG) Fair Value & Analysis

Industrials · AU · Market cap A$510M

IG IPD Group IPG · AU
PriceA$4.83
Fair ValueA$5.29
Upside+9.5%
Quality52/100
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Healthy Growth
Thin margins · 7.3% net margin
Low debt · generates free cash flow
2.63% dividend yield
Ranks above peers (12/14)
Moderate moat 54/100
Evidence: High Range A$3.97 – A$6.61 Share as image

Fair value as of: Jul 13, 2026

From 26 valuation models · updated 28 days ago

Fair value updated Jul 13, 2026, revised from A$6.04 to A$5.29 (−12.4%) since Jun 24, 2026. Share price −1.4% over the past month.

A solid business, currently priced close to our fair value.

What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • Our model range runs from A$3.97 (bear) to A$6.61 (bull), base A$5.29. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 52/100 (solid quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

A$6.35 A$0.9180 Fair Value A$5.29 Dec 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 13, 2026.

How to read this chart

56‑month range A$0.9180 – A$6.35 · fair‑value band A$3.97 – A$6.61 · the A$4.83 price screens below the A$5.29 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 13, 2026.

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Analysis

IPD Group (IPG) currently trades at A$4.83, while our model-based Fair Value estimate is A$5.29, implying the stock looks roughly 9.5% fairly valued today. The Quality Score stands at 52/100 (solid quality), in the Industrials sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, IPD Group generated revenue of A$370M at a net margin of 7.3%. Revenue grew 8.9% year over year. It earns a return on equity of 16.3%. Net debt stands at A$10.7M. Fundamentals as of Jul 13, 2026

Our scenario range runs from A$3.97 (bear case) to A$6.61 (bull case); at A$4.83, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 25% below its 52-week high and 81% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at -48% fair-value upside, at 10%, IPG screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model 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. Evidence
Highest evidence
Growth DCF A$4.65 A$7.66 A$13.19 80
Residual Income A$1.52 A$1.88 A$3.86 76
Rev-Margin DCF A$5.07 A$9.54 A$18.33 74
All 26 models by family
DCF Models
FCF DCF A$4.96 A$7.19 A$13.88 38
Owner Earnings A$3.92 A$8.02 A$15.62 31
5Y Revenue Exit A$4.84 A$8.35 A$15.72 39
5Y EBITDA Exit A$5.32 A$9.32 A$17.18 41
5Y P/E Exit A$4.39 A$9.25 A$15.79 38
10Y Revenue Exit A$4.74 A$10.27 A$13.80 36
10Y EBITDA Exit A$5.22 A$11.21 A$21.58 37
10Y P/E Exit A$4.61 A$9.40 A$17.09 35
Earnings-Based
Graham-Dodd A$1.71 A$11.94 A$16.76 54
Lynch FV A$5.10 A$7.28 A$9.46 50
PEG = 1.0 A$5.10 A$7.28 A$9.46 46
EPV A$3.04 A$3.44 A$3.78 59
Dividend Discount
Gordon GGM A$0.9700 A$1.76 A$2.42 70
DDM Multi-Stage A$0.9700 A$1.60 A$1.88 61
Multiples
P/E Multiple A$3.97 A$5.29 A$6.61 63
P/S Multiple A$3.21 A$4.28 A$5.35 58
P/B Multiple A$3.21 A$4.28 A$5.35 55
EV/EBIT A$6.14 A$8.16 A$10.17 53
EV/EBITDA A$5.40 A$7.16 A$8.93 54
EV/Revenue A$4.39 A$6.24 A$8.08 43
Asset-Based
NCAV (Graham) A$0.7900 A$1.06 A$1.58 50
Growth DCF
Growth DCF A$4.65 A$7.66 A$13.19 80
Rev-Margin DCF A$5.07 A$9.54 A$18.33 74
Economic Profit
Residual Income A$1.52 A$1.88 A$3.86 76
ROIC Compounder A$3.86 A$5.51 A$6.83 72
Growth Earnings
Growth-Adj P/E A$6.31 A$9.02 A$11.72 68

Widest divergence: DCF Models (A$9.25) versus Asset-Based (A$1.06). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) A$370M
Revenue growth (YoY) +8.9%
Net margin 7.3%
Return on equity 16.3%
Free cash flow A$37.2M FY2025
P/E ratio 23.4
More key figures
Operating margin 11.3%
EPS (TTM) A$0.2600
Dividend yield 2.1%
EPS growth (YoY) +5.5%
Net debt A$10.7M FY2025

Figures from reported company fundamentals · as of Jul 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 52/100

Of which business quality 57 · Market factors (momentum, volatility) 58

Profitability 68
Margins and returns on capital today
Quality Growth 64
Are margins and returns improving?
Cashflow 66
Earnings quality: real cash, not paper profit
Fin. Strength 82
Balance sheet, leverage, solvency risk
Investment 33
Disciplined investing over empire-building
Low Volatility 48
Calm price path (market factor)
Momentum 60
Price trend over the last 3–12 months (market factor)
52W Momentum 66
Distance to the 52-week high (market factor)
Net Issuance 2
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

IPD Group Limited distributes electrical infrastructure in Australia. It operates through Products Division and Services Division segments.

Full company description

IPD Group Limited distributes electrical infrastructure in Australia. It operates through Products Division and Services Division segments. The company offers power distribution; industrial and motor control; automation and industrial communication; power monitoring; electrical cables; cable plugs; and hazardous area equipment under the third-party brands, such as ABB, Elsteel, and Emerson & Red Lion. It also offers installation and commissioning; calibration and testing; maintenance and repairs; electric vehicle solutions; and refurbishment and other services. In addition, the company offers value-added services, including custom assembly, sourcing, engineering design, technical compliance, procurement, transport, storage, regulatory management, technical support, packaging, labelling, inventory management, and delivery. It serves switchboard manufacturers, electrical wholesalers, electrical contractors, power utilities, OEMs, and system integrators. The company was formerly known as Alstom Industrial Products Limited and changed its name to IPD Group Limited in July 2006. IPD Group Limited was founded in 1889 and is based in Wetherill Park, Australia.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

IPD Group reported revenue of A$355M in FY2025 versus A$118M in FY2021, a compound +31.7%/yr. Reported net income was A$26.2M in FY2025, compounding +41.6%/yr from FY2021.

Growth Quality 95/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
A$355M
Latest YoY
+22.2%
Avg. growth/yr (3Y) 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.
+26.1%
Avg. growth/yr (5Y) 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.
+32.3%
Avg. growth/yr (6Y) 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.
+29.4%
Revenue +31.7%/yr
FY21 A$118M
FY22 A$177M
FY23 A$227M
FY24 A$290M
FY25 A$355M
Net income +41.6%/yr
FY21 A$6.5M
FY22 A$11.1M
FY23 A$16.1M
FY24 A$22.4M
FY25 A$26.2M

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Cite: Fair Value Calculator (2026). "IPD Group Fair Value". https://www.fairvalue-calculator.com/stock/IPG

Peer Group

Specialty Industrial Machinery · 808 stocks

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.

Quality Score 52 · Below median
Fair Value upside +10% · Top 25%
Return on equity (TTM) 16% · Top 25%
Return on assets 8% · Top 25%
Net margin (TTM) 7% · Above median
Operating margin (TTM) 11% · Above median
Revenue growth 9% · Above median
Dividend yield (TTM) 2.6% · Top 25%
Debt / equity 0.07× · Lower than median

Valuation Multiples vs Specialty Industrial Machinery median · lower = cheaper

P/E (TTM) 18.8× · Cheaper than 75% of peers
P/B 2.20× · Cheaper than median
P/S (TTM) 0.97× · Cheaper than median
P/FCF 9.7× · Pricier than median
EV/EBITDA 8.2× · Cheaper than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 46 · sector 0
FUTURE 45 · sector 23
PAST 65 · sector 28
HEALTH 97 · sector 96
DIVIDEND 53 · sector 24

Insider activity: 40/100

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

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Frequently asked questions

Is IPD Group (IPG) overvalued or undervalued?
As of Jul 13, 2026, our model estimates a fair value of A$5.29 versus a price of A$4.83, about +10% (fairly valued).
What is the fair value of IPG?
Our model-based fair value for IPD Group is A$5.29 (as of Jul 13, 2026), built from audited fundamentals. The current price is A$4.83.
What is the quality score of IPG?
IPD Group has a Quality Score of 52/100. 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 revenue of IPD Group (IPG)?
IPD Group reported trailing-twelve-month revenue of about A$370M (latest available figure, as of Jul 13, 2026).
What is the net profit margin of IPG?
The net profit margin of IPD Group is about 7.3%, meaning it keeps roughly 7.3% of revenue as net income. Based on the latest reported figures.
Does IPD Group pay a dividend?
IPD Group currently shows a dividend yield of about 2.12% relative to its recent price (as of Jul 13, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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