Balance Sheet Impax Asset Management Group Plc

Equities

IPX

GB0004905260

Investment Management & Fund Operators

Delayed London S.E. Other stock markets 11:58:01 19/09/2024 BST			5-day change	1st Jan Change
378.40 ^GBX	+1.72%		+1.58%	-31.20%

09-09	EPower Ltd. announced that it has received ?16 million in funding from Impax Asset Management Group Plc and other investors	CI
07-31	Impax Asset Management promotes O'Regan to chair to replace Bridgeland	AN

75.YYhLf0IHV2vVckbxYpEzWFVEGJ6XaHY2rr685pbLVns.K90yLDNQIl-nHQqwDcVQHj89IemgAzNd2NPlksSyMhMsxSkwDGU5J-0FCw

Published financial data: IMPAX ASSET MANAGEMENT GROUP PLC

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: September	2019	2020	2021	2022	2023
Revenues	73.7M	87.51M	143M	175M	178M
Total Revenues	73.7M	87.51M	143M	175M	178M
Cost of Goods Sold, Total	42.35M	53.54M	75.93M	86.63M	93.24M
Gross Profit	31.35M	33.97M	67.12M	88.77M	85.12M
Selling General & Admin Expenses, Total	8.55M	7.63M	8.79M	12.93M	17.4M
Stock-Based Compensation (IS)	-	-	-	-	-
R&D Expenses	322K	570K	780K	980K	1.17M
Depreciation & Amortization - (IS)	2.95M	4.26M	4.06M	4.26M	5.07M
Other Operating Expenses	4.26M	3.92M	5.89M	5.42M	7.24M
Other Operating Expenses, Total	16.08M	16.39M	19.52M	23.59M	30.88M
Operating Income	15.27M	17.58M	47.6M	65.18M	54.25M
Interest Expense, Total	-912K	-809K	-553K	-574K	-497K
Interest And Investment Income	236K	222K	125K	553K	2.86M
Net Interest Expenses	-676K	-587K	-428K	-21K	2.37M
Currency Exchange Gains (Loss)	716K	-1.11M	-1.42M	7.25M	-4.77M
Other Non Operating Income (Expenses)	-213K	-	-	-	-
EBT, Excl. Unusual Items	15.1M	15.88M	45.76M	72.41M	51.84M
Merger & Related Restructuring Charges	-	-	-	-	-
Gain (Loss) On Sale Of Investments	103K	798K	161K	148K	265K
Other Unusual Items	3.54M	-	-167K	-	-
EBT, Incl. Unusual Items	18.74M	16.68M	45.75M	72.56M	52.11M
Income Tax Expense	3.03M	2.94M	5.5M	13.08M	12.88M
Earnings From Continuing Operations	15.71M	13.74M	40.24M	59.48M	39.22M
Net Income to Company	15.71M	13.74M	40.24M	59.48M	39.22M
Minority Interest	156K	-	-	-	-
Net Income - (IS)	15.87M	13.74M	40.24M	59.48M	39.22M
Preferred Dividend and Other Adjustments	867K	503K	-	-	-
Net Income to Common Incl Extra Items	15M	13.24M	40.24M	59.48M	39.22M
Net Income to Common Excl. Extra Items	15M	13.24M	40.24M	59.48M	39.22M
Per Share Items
Net EPS - Basic	0.12	0.11	0.32	0.46	0.3
Basic EPS - Continuing Operations	0.12	0.11	0.32	0.46	0.3
Basic Weighted Average Shares Outstanding	123M	125M	128M	129M	129M
Net EPS - Diluted	0.12	0.1	0.3	0.45	0.3
Diluted EPS - Continuing Operations	0.12	0.1	0.3	0.45	0.3
Diluted Weighted Average Shares Outstanding	124M	126M	133M	133M	132M
Normalized Basic EPS	0.08	0.08	0.22	0.35	0.25
Normalized Diluted EPS	0.08	0.08	0.22	0.34	0.25
Dividend Per Share	0.06	0.09	0.21	0.28	0.28
Payout Ratio	36.5	54.17	33.83	48.19	92.74
Supplemental Items
EBITDA	18.17M	20.53M	50.37M	68.14M	57.6M
EBITA	17.8M	20.12M	49.96M	67.64M	57.06M
EBIT	15.27M	17.58M	47.6M	65.18M	54.25M
EBITDAR	20.67M	21.59M	51.39M	69.47M	59.24M
Effective Tax Rate - (Ratio)	16.16	17.65	12.03	18.02	24.73
Total Current Taxes	1.24M	685K	6.27M	12.27M	13.13M
Total Deferred Taxes	1.78M	2.26M	-764K	811K	-244K
Normalized Net Income	9.59M	9.93M	28.6M	45.26M	32.4M
Interest on Long-Term Debt	-	514K	468K	433K	411K
Supplemental Operating Expense Items
General and Administrative Expenses	6.05M	6.57M	7.78M	11.59M	15.76M
Research And Development Expense From Footnotes	322K	570K	780K	980K	1.17M
Net Rental Expense, Total	2.5M	1.06M	1.02M	1.33M	1.64M
Imputed Operating Lease Interest Expense	-	-	447K	661K	731K
Imputed Operating Lease Depreciation	-	-	568K	672K	908K
Stock-Based Comp., COGS (Total)	1.36M	5.06M	9.06M	4.62M	6.26M
Stock-Based Comp., Other (Total)	-	-	-	-	-
Total Stock-Based Compensation	1.36M	5.06M	9.06M	4.62M	6.26M

Fiscal Period: September	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	11.94M	20.24M	36.17M	52.23M	37.96M
Short Term Investments	19.86M	22.9M	45.63M	65.94M	66.81M
Total Cash And Short Term Investments	31.8M	43.15M	81.8M	118M	105M
Accounts Receivable, Total	2.41M	3.51M	8.68M	10.2M	8.8M
Other Receivables	1.72M	909K	1.85M	1.38M	3.93M
Total Receivables	4.13M	4.42M	10.53M	11.58M	12.73M
Prepaid Expenses	12.85M	16.54M	29.4M	27.37M	31.46M
Other Current Assets, Total	-	-	-	-	-
Total Current Assets	48.78M	64.11M	122M	157M	149M
Gross Property Plant And Equipment	3.77M	14.5M	14.69M	16.57M	18.15M
Accumulated Depreciation	-1.99M	-3.64M	-5.26M	-7.3M	-9.33M
Net Property Plant And Equipment	1.78M	10.86M	9.44M	9.28M	8.82M
Long-term Investments	-	-	-	-	-
Goodwill	12.8M	12.31M	11.82M	13.93M	12.88M
Other Intangibles, Total	24.52M	20.87M	17.47M	18.34M	14.18M
Deferred Tax Assets Long-Term	3.76M	5.49M	11.9M	4.78M	3.66M
Total Assets	91.64M	114M	172M	203M	189M
Liabilities
Accounts Payable, Total	2.23M	305K	852K	1.08M	730K
Accrued Expenses, Total	14.85M	19.84M	39.44M	45.83M	38.08M
Current Portion of Long-Term Debt	-	-	-	-	-
Current Portion of Leases	-	1.41M	1.33M	1.49M	1.52M
Current Income Taxes Payable	2.58M	3.48M	7.08M	4.18M	2.17M
Other Current Liabilities	4.05M	4.55M	4.66M	4.74M	4.83M
Total Current Liabilities	23.7M	29.58M	53.36M	57.31M	47.34M
Long-Term Debt	-	-	-	-	-
Long-Term Leases	-	9.26M	8.1M	7.59M	7.22M
Deferred Tax Liability Non Current	4M	3.34M	371K	369K	-
Other Non Current Liabilities	704K	-	-	-	-
Total Liabilities	28.41M	42.18M	61.83M	65.27M	54.56M
Common Stock, Total	1.3M	1.3M	1.33M	1.33M	1.33M
Additional Paid In Capital	9.29M	9.29M	10.82M	9.29M	9.29M
Retained Earnings	50.75M	59.52M	98M	123M	119M
Comprehensive Income and Other	1.88M	1.34M	374K	4.59M	4.47M
Total Common Equity	63.23M	71.45M	111M	138M	134M
Minority Interest	-	-	-	-	-
Total Equity	63.23M	71.45M	111M	138M	134M
Total Liabilities And Equity	91.64M	114M	172M	203M	189M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	121M	125M	128M	129M	128M
ECS Total Common Shares Outstanding	121M	125M	128M	129M	128M
Book Value / Share	0.52	0.57	0.86	1.07	1.04
Tangible Book Value	25.91M	38.27M	81.23M	106M	107M
Tangible Book Value Per Share	0.21	0.31	0.63	0.82	0.83
Total Debt	0	10.67M	9.43M	9.08M	8.74M
Net Debt	-31.8M	-32.48M	-72.37M	-109M	-96.03M
Debt Equivalent Oper. Leases	19.97M	8.5M	8.12M	10.66M	13.11M
Minority Interest, Total (Incl. Fin. Div)	-	-	-	-	-
Account Code - Inventory Valuation	3	3	3	3	3
Machinery, Total	1.7M	1.85M	2.09M	2.61M	2.97M
Full Time Employees	151	171	216	272	300

Fiscal Period: September	2019	2020	2021	2022	2023
Net Income	15.87M	13.74M	40.24M	59.48M	39.22M
Depreciation & Amortization - CF	376K	1.66M	1.65M	1.77M	2.2M
Amortization of Goodwill and Intangible Assets - (CF)	2.53M	2.54M	2.36M	2.46M	2.81M
Depreciation & Amortization, Total	2.9M	4.19M	4.01M	4.23M	5.01M
Amortization of Deferred Charges, Total - (CF)	48K	66K	51K	26K	62K
Minority Interest in Earnings - (CF)	-156K	-	-	-	-
(Gain) Loss From Sale Of Asset	-	-	-	-	31K
(Gain) Loss on Sale of Investments - (CF)	-103K	-	-161K	-148K	-265K
Asset Writedown & Restructuring Costs	-503K	-	-	-	-
Stock-Based Compensation (CF)	1.16M	1.81M	4.88M	6.15M	6.54M
Other Operating Activities, Total	-419K	3.24M	2.9M	-3.2M	728K
Change In Accounts Receivable	-1.14M	-4M	-19.02M	1.03M	-3.77M
Change In Accounts Payable	2.6M	4.72M	22.46M	3.7M	-8.89M
Change in Other Net Operating Assets	-	-	-	-	-
Cash from Operations	20.27M	23.78M	55.37M	71.28M	38.66M
Capital Expenditure	-402K	-182K	-257K	-796K	-824K
Cash Acquisitions	-	-	-704K	-	-
Divestitures	-67K	-	-	-	-
Sale (Purchase) of Intangible assets	-	-	-	-	-
Investment in Marketable and Equity Securities, Total	-4.51M	-2.09M	-22.08M	-18.74M	-136K
Other Investing Activities, Total	494K	66K	-362K	655K	2.48M
Cash from Investing	-4.48M	-2.21M	-23.4M	-18.88M	1.52M
Long-Term Debt Issued, Total	-	-	-	-	-
Total Debt Issued	-	-	-	-	-
Long-Term Debt Repaid, Total	-10.37M	-1.7M	-1.69M	-1.73M	-1.98M
Total Debt Repaid	-10.37M	-1.7M	-1.69M	-1.73M	-1.98M
Issuance of Common Stock	111K	489K	597K	540K	1.26M
Repurchase of Common Stock	-2.5M	-4.22M	-	-8.78M	-15.11M
Common Dividends Paid	-5.79M	-7.44M	-13.62M	-28.66M	-36.38M
Common & Preferred Stock Dividends Paid	-5.79M	-7.44M	-13.62M	-28.66M	-36.38M
Special Dividend Paid	-	-	-	-	-
Other Financing Activities, Total	-871K	-337K	-320K	-323K	-86K
Cash from Financing	-19.43M	-13.21M	-15.03M	-38.96M	-52.29M
Foreign Exchange Rate Adjustments	54K	-51K	-1.01M	2.62M	-2.15M
Net Change in Cash	-3.59M	8.31M	15.93M	16.06M	-14.27M
Supplemental Items
Cash Interest Paid	670K	136K	129K	141K	86K
Cash Income Tax Paid (Refund)	580K	607K	4.44M	9.05M	14.56M
Levered Free Cash Flow	11.39M	20.11M	47.14M	53.25M	28.85M
Unlevered Free Cash Flow	11.96M	20.61M	47.49M	53.61M	29.16M
Change In Net Working Capital	1.5M	-489K	-4.88M	-4.78M	15.25M
Net Debt Issued / Repaid	-10.37M	-1.7M	-1.69M	-1.73M	-1.98M

Fiscal Period: September	2019	2020	2021	2022	2023
Profitability
Return on Assets	10.4	10.71	20.81	21.68	17.3
Return on Total Capital	15.06	15.12	29.45	30.49	23.39
Return On Equity %	26.92	20.4	44.23	47.83	28.83
Return on Common Equity	25.9	19.65	44.23	47.83	28.83
Margin Analysis
Gross Profit Margin %	42.54	38.82	46.92	50.61	47.72
SG&A Margin	11.6	8.72	6.15	7.37	9.75
EBITDA Margin %	24.66	23.46	35.21	38.85	32.29
EBITA Margin %	24.15	22.99	34.92	38.57	31.99
EBIT Margin %	20.72	20.09	33.27	37.16	30.41
Income From Continuing Operations Margin %	21.32	15.7	28.13	33.91	21.99
Net Income Margin %	21.53	15.7	28.13	33.91	21.99
Net Avail. For Common Margin %	20.36	15.12	28.13	33.91	21.99
Normalized Net Income Margin	13.01	11.34	19.99	25.8	18.17
Levered Free Cash Flow Margin	15.45	22.98	32.95	30.36	16.17
Unlevered Free Cash Flow Margin	16.23	23.55	33.2	30.57	16.35
Asset Turnover
Asset Turnover	0.8	0.85	1	0.93	0.91
Fixed Assets Turnover	40.77	13.85	14.1	18.74	19.71
Receivables Turnover (Average Receivables)	25.22	29.54	23.47	18.59	18.78
Short Term Liquidity
Current Ratio	2.06	2.17	2.28	2.74	3.15
Quick Ratio	1.52	1.61	1.73	2.26	2.48
Operating Cash Flow to Current Liabilities	0.86	0.8	1.04	1.24	0.82
Days Sales Outstanding (Average Receivables)	14.47	12.39	15.55	19.64	19.44
Average Days Payable Outstanding	13.55	8.67	2.78	4.07	3.54
Long Term Solvency
Total Debt/Equity	-	14.94	8.53	6.57	6.53
Total Debt / Total Capital	-	12.99	7.86	6.16	6.13
LT Debt/Equity	-	12.96	7.33	5.49	5.39
Long-Term Debt / Total Capital	-	11.28	6.75	5.15	5.06
Total Liabilities / Total Assets	31	37.12	35.88	32.08	28.94
EBIT / Interest Expense	16.74	21.73	86.08	113.56	109.15
EBITDA / Interest Expense	19.93	26.92	93.32	120.93	119.23
(EBITDA - Capex) / Interest Expense	19.49	26.69	92.86	119.54	117.57
Total Debt / EBITDA	-	0.49	0.18	0.13	0.15
Net Debt / EBITDA	-1.75	-1.49	-1.4	-1.57	-1.62
Total Debt / (EBITDA - Capex)	-	0.49	0.18	0.13	0.15
Net Debt / (EBITDA - Capex)	-1.79	-1.5	-1.41	-1.59	-1.64
Growth Over Prior Year