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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.£278.8m
Last close380.00p
High / Low (52 weeks)455.0p / 300.0p
Stock market listingLN
Forecast net debt (£m)N/A
Forecast gearing ratio (%)N/A
TeamTechnology
SectorElectronics & Electrical Equipment

Price performance

%1m3m12m
Actual1.3(7.5)13.6
Relative *5.3(0.4)20.8

* % Relative to local index

Other companies in sector Show

Company news

Investment summary

discoverIE saw an acceleration in organic growth in Q219, resulting in H119 organic growth of 4% y-o-y. Both divisions grew organically during the period, with better demand in the UK driving a step-up in organic growth for Custom Supply in Q2. Organic bookings growth of 4% for H1 supports the outlook for H2 and we maintain our estimates.

Last updated on 15/10/2018

Y/E Mar Revenue (£m) EBITDA (£m) PBT (£m) EPS (p) P/E (x) P/CF (x)
2017A 338.2 24.3 17.8 19.9 19.1 12.1
2018A 387.9 29.3 22.6 23.0 16.5 12.4
2019E 422.5 34.1 25.3 25.0 15.2 9.8
2020E 433.8 35.2 26.5 25.9 14.7 9.5

Last updated on 15/10/2018

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 (more than 50% of sales) are medical, renewables, transportation and industrial connectivity, all of which are good growth markets.

Last updated on 28/09/2018

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