discoverIE Group (DSCV)

Business description

discoverIE Group (formerly Acal Group) is a leading international designer, manufacturer and supplier of customer-specific electronic products and solutions to 25,000 industrial manufacturers.

Stock data

Market cap.£299.7m
Last close420.00p
High / Low (52 weeks)430.0p / 251.0p
Stock market listingLN
Forecast net debt (£m)N/A
Forecast gearing ratio (%)N/A
TeamTechnology
SectorElectronics & Electrical Equipment

Price performance

%1m3m12m
Actual4.79.168.0
Relative *(1.7)13.461.2

* % Relative to local index

Other companies in sector Show

Company news

DiscoverIE continues strong momentum into 2018

Thu, 19 Apr 2018 06:45:00 GMT

City brokers repeat bullish views on discoverIE Group following recent Capital ...

Mon, 19 Mar 2018 15:56:15 GMT

DiscoverIE is the new Acal

Tue, 28 Nov 2017 09:50:21 GMT

discoverIE buys Dutch solar power components specialist

Thu, 01 Feb 2018 07:42:59 GMT

discoverIE shares strong performers over the last year, but still plenty to go ...

Tue, 12 Dec 2017 09:48:23 GMT

Investment summary

discoverIE saw continued strong trading in Q418 and expects to report revenue growth of 15% for FY18 and earnings in line with management expectations. Design & Manufacturing (D&M) delivered further strong organic growth in the final quarter, and the group has a strong order book entering FY19, bolstered by the recent Stanton acquisition. The company is making good progress in its strategy to build the D&M side of the business and we continue to expect further acquisitions in this space.

Last updated on 24/04/2018

Y/E Mar Revenue (£m) EBITDA (£m) PBT (£m) EPS (p) P/E (x) P/CF (x)
2016A 287.7 19.8 15.2 17.8 23.6 18.2
2017A 338.2 24.3 17.8 19.9 21.1 13.5
2018E 391.0 29.0 21.6 21.6 19.4 15.5
2019E 427.6 34.4 25.0 24.6 17.1 11.0

Last updated on 24/04/2018

Latest video

Executive Interview - Acal

Industry outlook

discoverIE Group is a designer, manufacturer and supplier of customised electronics to industry with operations throughout Europe and increasingly outside Europe. The company is focused on growing the percentage of higher-margin specialist product through organic growth and acquisition. Its key markets (c 50% of sales) are medical, renewables, transportation and industrial connectivity, all of which are good growth markets.

Last updated on 06/04/2018

Key management

Nick Jefferies, CEO
Simon Gibbins, FD
Joanna Madge, Group Company Secretary Designate
Gary Shillinglaw, Corporate Secretary

Company address

2 Chancellor Court
Occam Road
Surrey Research Park
Guildford
GU2 7AH
United Kingdom
+44 (0) 1483 544 500
View website