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IndigoVision Group

AIM:IND
Snowflake Description

Excellent balance sheet and slightly overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
IND
AIM
£27M
Market Cap
  1. Home
  2. GB
  3. Tech
Company description

IndigoVision Group plc engages in the design, development, manufacture, and sale of networked video security systems. The last earnings update was 28 days ago. More info.


Add to Portfolio Compare Print
  • IndigoVision Group has significant price volatility in the past 3 months.
IND Share Price and Events
7 Day Returns
0%
AIM:IND
1.9%
GB Electronic
-3.3%
GB Market
1 Year Returns
163.9%
AIM:IND
-8.3%
GB Electronic
-25%
GB Market
IND Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
IndigoVision Group (IND) 0% 95.9% 117.1% 163.9% 110.5% 10.9%
GB Electronic 1.9% -10.5% -19.1% -8.3% 19.7% 61.3%
GB Market -3.3% -19.5% -28.9% -25% -25.8% -24.1%
1 Year Return vs Industry and Market
  • IND outperformed the Electronic industry which returned -8.3% over the past year.
  • IND outperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned -25% over the past year.
Price Volatility
IND
Industry
5yr Volatility vs Market

IND Value

 Is IndigoVision Group undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of IndigoVision Group to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for IndigoVision Group.

AIM:IND Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 7.5%
Perpetual Growth Rate 10-Year GB Government Bond Rate 0.5%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for AIM:IND
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GB Govt Bond Rate 0.5%
Equity Risk Premium S&P Global 6.1%
Electronic Unlevered Beta Simply Wall St/ S&P Global 1.09
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.093 (1 + (1- 19%) (13.11%))
1.14
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.14
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.53% + (1.14 * 6.07%)
7.45%

Discounted Cash Flow Calculation for AIM:IND using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for IndigoVision Group is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

AIM:IND DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 7.45%)
2020 7.00 Est @ 91.78% 6.51
2021 11.50 Est @ 64.41% 9.96
2022 16.71 Est @ 45.24% 13.47
2023 22.02 Est @ 31.83% 16.52
2024 26.97 Est @ 22.44% 18.83
2025 31.24 Est @ 15.87% 20.30
2026 34.76 Est @ 11.27% 21.02
2027 37.56 Est @ 8.04% 21.14
2028 39.74 Est @ 5.79% 20.81
2029 41.41 Est @ 4.21% 20.18
Present value of next 10 years cash flows $168.00
AIM:IND DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $41.41 × (1 + 0.53%) ÷ (7.45% – 0.53%)
$601.55
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $601.55 ÷ (1 + 7.45%)10
$293.22
AIM:IND Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $168.00 + $293.22
$461.22
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $461.22 / 7.21
$64.01
AIM:IND Discount to Share Price
Calculation Result
Exchange Rate USD/GBP
(Reporting currency to currency of AIM:IND)
0.807
Value per Share
(GBP)
= Value per Share in USD x Exchange Rate (USD/GBP)
= $64.01 x 0.807
£51.63
Value per share (GBP) From above. £51.63
Current discount Discount to share price of £3.80
= -1 x (£3.80 - £51.63) / £51.63
92.6%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price IndigoVision Group is available for.
Intrinsic value
>50%
Share price is £3.8 vs Future cash flow value of £51.63
Current Discount Checks
For IndigoVision Group to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • IndigoVision Group's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • IndigoVision Group's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for IndigoVision Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are IndigoVision Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
AIM:IND PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in USD $0.23
AIM:IND Share Price ** AIM (2020-04-02) in GBP £3.8
AIM:IND Share Price converted to USD reporting currency Exchange rate (GBP/ USD) 1.24 $4.71
United Kingdom of Great Britain and Northern Ireland Electronic Industry PE Ratio Median Figure of 22 Publicly-Listed Electronic Companies 16.68x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 748 Publicly-Listed Companies 12.47x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of IndigoVision Group.

AIM:IND PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= AIM:IND Share Price ÷ EPS (both in USD)

= 4.71 ÷ 0.23

20.72x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • IndigoVision Group is overvalued based on earnings compared to the GB Electronic industry average.
  • IndigoVision Group is overvalued based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does IndigoVision Group's expected growth come at a high price?
Raw Data
AIM:IND PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 20.72x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
United Kingdom of Great Britain and Northern Ireland Electronic Industry PEG Ratio Median Figure of 11 Publicly-Listed Electronic Companies 1.01x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 522 Publicly-Listed Companies 0.98x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for IndigoVision Group, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on IndigoVision Group's assets?
Raw Data
AIM:IND PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in USD $2.52
AIM:IND Share Price * AIM (2020-04-02) in GBP £3.8
AIM:IND Share Price converted to USD reporting currency Exchange rate (GBP/ USD) 1.24 $4.71
United Kingdom of Great Britain and Northern Ireland Electronic Industry PB Ratio Median Figure of 34 Publicly-Listed Electronic Companies 1.69x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,323 Publicly-Listed Companies 1.08x
AIM:IND PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= AIM:IND Share Price ÷ Book Value per Share (both in USD)

= 4.71 ÷ 2.52

1.87x

* Primary Listing of IndigoVision Group.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • IndigoVision Group is overvalued based on assets compared to the GB Electronic industry average.
X
Value checks
We assess IndigoVision Group's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Electronic industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Electronic industry average (and greater than 0)? (1 check)
  5. IndigoVision Group has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

IND Future Performance

 How is IndigoVision Group expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as IndigoVision Group has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
9.9%
Expected Electronic industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is IndigoVision Group expected to grow at an attractive rate?
  • Unable to compare IndigoVision Group's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare IndigoVision Group's earnings growth to the United Kingdom of Great Britain and Northern Ireland market average as no estimate data is available.
  • Unable to compare IndigoVision Group's revenue growth to the United Kingdom of Great Britain and Northern Ireland market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
AIM:IND Future Growth Rates Data Sources
Data Point Source Value (per year)
United Kingdom of Great Britain and Northern Ireland Electronic Industry Earnings Growth Rate Market Cap Weighted Average 9.9%
United Kingdom of Great Britain and Northern Ireland Electronic Industry Revenue Growth Rate Market Cap Weighted Average 4.4%
United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate Market Cap Weighted Average 15.6%
United Kingdom of Great Britain and Northern Ireland Market Revenue Growth Rate Market Cap Weighted Average 2.4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
AIM:IND Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
AIM:IND Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
AIM:IND Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-12-31 50 5 2
2019-09-30 49 2 1
2019-06-30 48 0 1
2019-03-31 47 0 0
2018-12-31 46 0 0
2018-09-30 45 0 -2
2018-06-30 44 0 -3
2018-03-31 43 -1 -3
2017-12-31 42 -1 -3
2017-09-30 43 0 -3
2017-06-30 44 2 -3
2017-03-31 45 3 -3

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if IndigoVision Group is high growth as no earnings estimate data is available.
  • Unable to determine if IndigoVision Group is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
AIM:IND Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from IndigoVision Group Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

AIM:IND Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
AIM:IND Past Financials Data
Date (Data in USD Millions) EPS *
2019-12-31 0.23
2019-09-30 0.20
2019-06-30 0.16
2019-03-31 0.06
2018-12-31 -0.04
2018-09-30 -0.22
2018-06-30 -0.40
2018-03-31 -0.38
2017-12-31 -0.35
2017-09-30 -0.39
2017-06-30 -0.43
2017-03-31 -0.40

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if IndigoVision Group will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine IndigoVision Group's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  2. IndigoVision Group's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Tech companies here
  3. IndigoVision Group's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess IndigoVision Group's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United Kingdom of Great Britain and Northern Ireland market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United Kingdom of Great Britain and Northern Ireland market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
IndigoVision Group has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

IND Past Performance

  How has IndigoVision Group performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare IndigoVision Group's growth in the last year to its industry (Electronic).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • IndigoVision Group's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • IndigoVision Group has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • IndigoVision Group has become profitable in the last year making it difficult to compare the GB Electronic industry average.
Earnings and Revenue History
IndigoVision Group's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from IndigoVision Group Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

AIM:IND Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 50.18 1.67 23.49 3.30
2019-09-30 49.00 1.44 23.27 3.24
2019-06-30 47.82 1.21 23.05 3.18
2019-03-31 46.89 0.46 23.29 3.25
2018-12-31 45.96 -0.30 23.52 3.31
2018-09-30 45.00 -1.63 24.26 3.31
2018-06-30 44.03 -2.96 25.00 3.32
2018-03-31 43.07 -2.78 23.89 3.20
2017-12-31 42.10 -2.60 22.78 3.09
2017-09-30 43.26 -2.89 21.63 2.93
2017-06-30 44.41 -3.18 20.48 2.77
2017-03-31 45.17 -2.98 20.33 3.07
2016-12-31 45.92 -2.79 20.18 3.36
2016-09-30 46.11 -1.33 20.01 3.68
2016-06-30 46.31 0.13 19.85 4.01
2016-03-31 46.70 -0.18 20.23 4.20
2015-12-31 47.09 -0.48 20.62 4.40
2015-06-30 48.92 0.62 22.20 5.06
2015-03-31 53.56 1.91 23.39 5.37
2014-12-31 58.21 3.21 24.58 5.69
2014-07-31 62.77 4.12 26.24 5.82
2014-04-30 60.33 3.87 24.99 5.75
2014-01-31 56.38 3.53 23.12 5.53
2013-10-31 53.18 3.12 21.30 5.59
2013-07-31 50.10 2.73 19.99 5.66
2013-04-30 49.85 2.53 19.52 5.66

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • IndigoVision Group has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • IndigoVision Group used its assets less efficiently than the GB Electronic industry average last year based on Return on Assets.
  • IndigoVision Group has become profitable over the past 3 years. This is considered to be a significant improvement in its use of capital (Return on Capital Employed).
X
Past performance checks
We assess IndigoVision Group's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Electronic industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
IndigoVision Group has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

IND Health

 How is IndigoVision Group's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up IndigoVision Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • IndigoVision Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • IndigoVision Group's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of IndigoVision Group's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 11.7x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from IndigoVision Group Company Filings, last reported 3 months ago.

AIM:IND Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 18.13 2.56 4.76
2019-09-30 18.13 2.56 4.76
2019-06-30 17.24 0.00 2.77
2019-03-31 17.24 0.00 2.77
2018-12-31 16.50 0.00 2.02
2018-09-30 16.50 0.00 2.02
2018-06-30 15.82 0.00 2.72
2018-03-31 15.82 0.00 2.72
2017-12-31 16.93 0.00 2.57
2017-09-30 16.93 0.00 2.57
2017-06-30 18.75 0.00 4.87
2017-03-31 18.75 0.00 4.87
2016-12-31 19.79 0.00 6.20
2016-09-30 19.79 0.00 6.20
2016-06-30 22.52 0.00 4.64
2016-03-31 22.52 0.00 4.64
2015-12-31 23.35 0.00 2.76
2015-06-30 23.38 0.78 0.31
2015-03-31 23.38 0.78 0.31
2014-12-31 24.91 0.00 2.56
2014-07-31 25.52 0.00 4.13
2014-04-30 25.52 0.00 4.13
2014-01-31 24.60 0.00 2.93
2013-10-31 24.01 0.00 2.86
2013-07-31 21.50 0.00 1.28
2013-04-30 21.50 0.00 1.28
  • IndigoVision Group's level of debt (14.1%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (0% vs 14.1% today).
  • Debt is well covered by operating cash flow (178.1%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 9.5x coverage).
X
Financial health checks
We assess IndigoVision Group's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. IndigoVision Group has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

IND Dividends

 What is IndigoVision Group's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from IndigoVision Group dividends.
If you bought £2,000 of IndigoVision Group shares you are expected to receive £0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate IndigoVision Group's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate IndigoVision Group's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
AIM:IND Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
United Kingdom of Great Britain and Northern Ireland Electronic Industry Average Dividend Yield Market Cap Weighted Average of 16 Stocks 1.8%
United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield Market Cap Weighted Average of 622 Stocks 6.1%
United Kingdom of Great Britain and Northern Ireland Minimum Threshold Dividend Yield 10th Percentile 1.4%
United Kingdom of Great Britain and Northern Ireland Bottom 25% Dividend Yield 25th Percentile 2.7%
United Kingdom of Great Britain and Northern Ireland Top 25% Dividend Yield 75th Percentile 7.4%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

AIM:IND Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
AIM:IND Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2018-09-20 0.000 0.000
2018-04-24 0.000 0.000
2018-03-01 0.000 0.000
2017-03-21 0.037 1.749
2017-03-02 0.036 1.655
2016-05-19 0.030 1.627
2015-09-17 0.000 0.000
2015-05-06 0.182 5.121
2014-09-17 0.176 3.194
2014-03-06 0.193 2.592
2013-09-26 0.175 3.200
2013-09-25 0.176 3.549
2013-03-07 0.163 3.259
2012-09-27 0.150 2.692
2012-09-26 0.162 2.638
2011-09-21 0.115 2.601
2011-09-20 0.117 3.819
2011-03-10 0.125 2.555
2010-10-07 0.115 1.452
2010-09-29 0.118 1.667
2009-09-30 0.072 1.032
2009-09-29 0.080 0.720

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as IndigoVision Group has not reported any payouts.
  • Unable to verify if IndigoVision Group's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of IndigoVision Group's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as IndigoVision Group has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess IndigoVision Group's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.4%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can IndigoVision Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. IndigoVision Group has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

IND Management

 What is the CEO of IndigoVision Group's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Pedro Vasco Tadeu Simoes
COMPENSATION $301,500
AGE 42
TENURE AS CEO 2.4 years
CEO Bio

Mr. Pedro Vasco Tadeu Felix Simoes has been the Chief Executive Officer and Executive Director of IndigoVision Group plc since January 8, 2018 and served as its Interim Chief Executive Officer since November 24, 2017 until January 8, 2018. Mr. Simoes served as Senior Vice President of Global Sales at IndigoVision Group plc since 2017 until November 2017. Mr. Simoes is responsible for the direction and management of all global sales and marketing activities and for driving IndigoVision's global revenue. He is an experienced global sales leader in the security industry. He spent nearly six years with Avigilon Corporation in a number of senior sales positions. Mr. Simoes served as a Senior Vice President of Global Sales at Avigilon Corporation from November 2013 to August 2015. Mr. Simoes served as Vice President of Sales for Europe, Africa and Latin America at Avigilon Corporation since January 18, 2012. He served as a Senior Director of Sales, South Europe at Avigilon Corporation until January 2012.

CEO Compensation
  • Insufficient data for Pedro Vasco Tadeu to compare compensation growth.
  • Pedro Vasco Tadeu's remuneration is about average for companies of similar size in United Kingdom of Great Britain and Northern Ireland.
Management Team Tenure

Average tenure of the IndigoVision Group management team in years:

1.9
Average Tenure
  • The average tenure for the IndigoVision Group management team is less than 2 years, this suggests a new team.
Management Team

Pedro Vasco Tadeu Simoes

TITLE
CEO & Executive Director
COMPENSATION
$302K
AGE
42
TENURE
2.4 yrs

Chris Lea

TITLE
CFO, Company Secretary & Director
COMPENSATION
$252K
AGE
52
TENURE
3.8 yrs

Martin McGreskin

TITLE
Head of Operations & Customer Care
TENURE
0.6 yrs

Alan Garland

TITLE
Head of Marketing
TENURE
1.3 yrs

David Blair

TITLE
Head of Human Resources
TENURE
6.3 yrs

Heather Robb

TITLE
Financial Controller
TENURE
1.4 yrs

Rory Sillar

TITLE
Supply Chain Manager
Board of Directors Tenure

Average tenure and age of the IndigoVision Group board of directors in years:

2.3
Average Tenure
49.5
Average Age
  • The average tenure for the IndigoVision Group board of directors is less than 3 years, this suggests a new board.
Board of Directors

Max Thowless-Reeves

TITLE
Non-Executive Chairman
COMPENSATION
$40K
TENURE
1.1 yrs

Pedro Vasco Tadeu Simoes

TITLE
CEO & Executive Director
COMPENSATION
$302K
AGE
42
TENURE
2.3 yrs

Chris Lea

TITLE
CFO, Company Secretary & Director
COMPENSATION
$252K
AGE
52
TENURE
3.9 yrs

George Elliott

TITLE
Non-Executive Director
COMPENSATION
$100K
AGE
66
TENURE
2.8 yrs

Vikki Macleod

TITLE
Non-Executive Director
AGE
47
TENURE
1.1 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (£) Value (£)
31. Mar 20 Buy Oddo Bhf Asset Management SAS Company 30. Mar 20 30. Mar 20 4,172 £3.78 £15,770
30. Mar 20 Buy Oddo Bhf Asset Management SAS Company 27. Mar 20 27. Mar 20 430 £3.78 £1,625
25. Mar 20 Buy Oddo Bhf Asset Management SAS Company 24. Mar 20 24. Mar 20 12,500 £3.83 £47,813
24. Mar 20 Buy Oddo Bhf Asset Management SAS Company 23. Mar 20 23. Mar 20 3,000 £3.70 £11,100
23. Mar 20 Buy Oddo Bhf Asset Management SAS Company 20. Mar 20 20. Mar 20 9,500 £3.71 £35,198
19. Mar 20 Buy Oddo Bhf Asset Management SAS Company 18. Mar 20 18. Mar 20 45,000 £3.70 £165,101
18. Mar 20 Buy Oddo Bhf Asset Management SAS Company 17. Mar 20 17. Mar 20 78,698 £3.80 £297,283
24. May 19 Buy Dean Brazenall Individual 23. May 19 23. May 19 2,000 £1.86 £3,720
23. Apr 19 Sell Paul Theasby Individual 18. Apr 19 18. Apr 19 -5,000 £1.43 £-7,150
23. Apr 19 Buy Pedro Vasco Tadeu Simoes Individual 18. Apr 19 18. Apr 19 5,000 £1.43 £7,150
X
Management checks
We assess IndigoVision Group's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. IndigoVision Group has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

IND News

Simply Wall St News

Did IndigoVision Group's (LON:IND) Share Price Deserve to Gain 68%?

For example, the IndigoVision Group plc (LON:IND) share price is up 68% in the last year, clearly besting than the market return of around -5.7% (not including dividends). … We've already covered IndigoVision Group's share price action, but we should also mention its total shareholder return (TSR). … IndigoVision Group's TSR of 68% for the year exceeded its share price return, because it has paid dividends.

Simply Wall St -

Did IndigoVision Group plc (LON:IND) Insiders Buy Up More Shares?

View our latest analysis for IndigoVision Group The Last 12 Months Of Insider Transactions At IndigoVision Group In the last twelve months, the biggest single purchase by an insider was when Chairman of the Board Max Thowless-Reeves bought UK£41k worth of shares at a price of UK£1.42 per share. … AIM:IND Recent Insider Trading, July 19th 2019 Are IndigoVision Group Insiders Buying Or Selling? … Overall we don't see anything to make us think IndigoVision Group insiders are doubting the company, and they do own shares.

Simply Wall St -

Introducing IndigoVision Group (LON:IND), A Stock That Climbed 64% In The Last Year

For example, the IndigoVision Group plc (LON:IND) share price is up 64% in the last year, clearly besting than the market return of around -5.4% (not including dividends). … Investors should note that there's a difference between IndigoVision Group's total shareholder return (TSR) and its share price change, which we've covered above. … Dividends have been really beneficial for IndigoVision Group shareholders, and that cash payout contributed to why its TSR of 64%, over the last year, is better than the share price return.

Simply Wall St -

Is It Too Late To Buy IndigoVision Group plc (LON:IND)?

A question to answer is whether IndigoVision Group's current trading price of £1.11 reflective of the actual value of the? … Let’s take a look at IndigoVision Group’s outlook and value based on the most recent financial data to see if there are any catalysts for a price change? … See our latest analysis for IndigoVision Group

Simply Wall St -

Who Really Owns IndigoVision Group plc (LON:IND)?

Today, I will be analyzing IndigoVision Group plc’s (AIM:IND) recent ownership structure, an important but not-so-popular subject among individual investors. … Private Company Ownership Potential investors in IND should also look at another important group of investors: private companies, with a stake of 28.15%, who are primarily invested because of strategic and capital gain interests. … As a result, potential investors should further explore the company's business relations with these companies and find out if they can affect shareholder returns in the long-term.Next Steps: The company's high institutional ownership makes margin of safety a very important consideration to existing investors since long bull and bear trends often emerge when these big-ticket investors see a change in long-term potential of the company.

Simply Wall St -

Will You Be Burnt By IndigoVision Group plc's (LON:IND) Cash Burn?

The measure of how fast IndigoVision Group goes through its cash reserves over time is called the cash burn rate. … AIM:IND Income Statement Apr 16th 18 When will IndigoVision Group need to raise more cash? … In IndigoVision Group’s case, its opex fell by 3.45% last year, which may signal the company moving towards a more sustainable level of expenses.

Simply Wall St -

How Should You Think About IndigoVision Group plc's (LON:IND) Risks?

IND’s beta indicates it is a stock that investors may find valuable if they want to reduce the overall market risk exposure of their stock portfolio. … This is an interesting conclusion, since both IND’s size and industry indicates the stock should have a higher beta than it currently has. … I examine IND’s ratio of fixed assets to total assets to see whether the company is highly exposed to the risk of this type of constraint.

Simply Wall St -

Want To Invest In IndigoVision Group plc (LON:IND)? Here's How It Performed Lately

When IndigoVision Group plc (AIM:IND) released its most recent earnings update (31 December 2017), I compared it against two factor: its historical earnings track record, and the performance of its industry peers on average. … View our latest analysis for IndigoVision Group Did IND beat its long-term earnings growth trend and its industry? … IndigoVision Group's track record can be a valuable insight into its earnings performance, but it certainly doesn't tell the whole story.

Simply Wall St -

Have Investors Already Priced In IndigoVision Group plc's (LON:IND) Growth?

IndigoVision Group plc (AIM:IND), a electronic company based in United Kingdom, saw a decent share price growth in the teens level on the AIM over the last few months. … I find that IndigoVision Group’s ratio of 0.8x is trading slightly below its industry peers’ ratio of 2.59x, which means if you buy IndigoVision Group today, you’d be paying a relatively reasonable price for it. … And if you believe IndigoVision Group should be trading in this range, then there isn’t much room for the share price grow beyond what it’s currently trading.

Simply Wall St -

Who Are The Top Investors In IndigoVision Group plc (LON:IND)?

Today, I will be analyzing IndigoVision Group plc’s (AIM:IND) recent ownership structure, an important but not-so-popular subject among individual investors. … Insider Ownership Another important group of shareholders are company insiders. … As a result, potential investors should further explore the company's business relations with these companies and find out if they can affect shareholder returns in the long-term.What this means for you: The company's high institutional ownership makes margin of safety a very important consideration to existing investors since long bull and bear trends often emerge when these big-ticket investors see a change in long-term potential of the company.

Simply Wall St -

IND Company Info

Description

IndigoVision Group plc engages in the design, development, manufacture, and sale of networked video security systems. Its IP video security systems allow full motion video to be transmitted with digital quality and security using local or wide area networks, wireless links, or the Internet. The company provides control center security management software, IP video walls, surveillance keyboards, integration modules, mobile centers, cameras and encoders, network video recorders, and body worn cameras. It serves airport, casino, city, finance, and police, as well as other markets comprising education, government, health, hospitality, industrial, events, mining, petrochemicals, ports, rail, residential, retail, and traffic. The company operates in Europe, the Middle East, Africa, the Americas, and the Asia Pacific. IndigoVision Group plc is based in Edinburgh, the United Kingdom.

Details
Name: IndigoVision Group plc
IND
Exchange: AIM
Founded:
£27,382,572
7,205,940
Website: http://www.indigovision.com
Address: IndigoVision Group plc
Charles Darwin House,
The Edinburgh Technopole,
Edinburgh,
EH26 0PY,
United Kingdom
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
AIM IND Ordinary Shares London Stock Exchange AIM Market GB GBP 02. Aug 2000
OTCPK INDV.F Ordinary Shares Pink Sheets LLC US USD 02. Aug 2000
Number of employees
Current staff
Staff numbers
141
IndigoVision Group employees.
Industry
Electronic Equipment and Instruments
Tech
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/02 20:37
End of day share price update: 2020/04/02 00:00
Last estimates confirmation: 2020/03/05
Last earnings filing: 2020/03/05
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.