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discoverIE Group (LSE: DSCV)

Currency in GBP

Last close As at 04/12/2023

GBP6.04

▲ −13.00 (−2.11%)

Market capitalisation

GBP596m

discoverIE is a leading international designer and manufacturer of customised electronics to industry, supplying customer-specific electronic products and solutions to original equipment manufacturers.

discoverIE specialises in the design and manufacture of technically demanding, bespoke electronics for industrial applications with operations throughout Europe and increasingly outside Europe. The company is focused on four target markets comprising three-quarters of group sales – renewables, electrification of transportation, medical and industrial & connectivity – all of which are long-term structural growth markets.

Latest Insights

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TMT | Update

discoverIE Group — Strong growth in margins & design wins in H124

TMT | edison tv

discoverIE – executive interview

TMT | Update

discoverIE Group — Creating an industrial wireless connectivity cluster

TMT | Flash note

discoverIE Group — Adding power-over-ethernet capability
discoverIE-Group_resized
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Sector

TMT

Equity Analyst

Katherine Thompson

Key Management

  • Bruce Thompson

    Non-exec chairman

  • Greg Davidson

    Company secretary

  • Lili Huang

    Head of Investor Relations

  • Nick Jefferies

    CEO

  • Simon Gibbins

    FD

Balance Sheet

Forecast net cash (£m)

101.8

Forecast gearing ratio (%)

N/A

Share Price Performance

Price Performance
% 1M 3M 12M
Actual 3.7 (14.1) (20.5)
Relative 0.7 (13.6) (19.2)
52 week high/low 938.0p/593.0p

Financials

discoverIE is a leading designer and manufacturer of electronic components for industrial applications. Over the last 12 years, the company has broadened its product range, customer base and geographical presence via a series of acquisitions. It designs and manufactures customised and niche products, and expansion along the supply chain has helped discoverIE to grow operating margins. The company reports across two divisions: Sensing & Connectivity (15 businesses across nine countries with 13 manufacturing sites) and Magnetics & Controls (nine businesses across 17 countries with 21 manufacturing sites). discoverIE’s capital-light business model supports strong cash-flow generation, with the aim of increasingly self-funding acquisitions.

Y/E Mar Revenue (£m) EBITDA (£m) PBT (£m) EPS (fd) (p) P/E (x) P/CF (x)
2022A 379.2 56.1 41.0 32.1 19.2 13.5
2023A 448.9 65.4 48.8 36.7 16.8 11.3
2024E 452.2 71.8 49.6 37.4 16.5 10.5
2025E 477.3 76.6 52.2 38.9 15.9 9.8

Research

edison tv

TMT

discoverIE – executive interview
discoverIE-Group_resized

Update

TMT

discoverIE Group — Creating an industrial wireless connectivity cluster

TMT

Update

discoverIE Group — Strong growth in margins & design wins in H124
View All

Further insights

insight

TMT

discoverIE: EKF 2023 QuickView

Analyst of the week

Katherine Thompson
kthompson@edisongroup.com 020 3077 5730
Read latest

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Deutsches Eigenkapitalforum (EKF) 2023 technology

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MediaWatch – November 2023: Still waiting…

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MediaWatch – July 2023
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