discoverIE Group (LSE: DSCV)

Currency in GBP

Last close As at 04/12/2023


−13.00 (−2.11%)

Market capitalisation


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.

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Equity Analyst

Key Management

  • Bruce Thompson

    Non-exec chairman

  • Greg Davidson

    Company secretary

  • Lili Huang

    Head of Investor Relations

  • Nick Jefferies


  • Simon Gibbins


Balance Sheet

Forecast net cash (£m)


Forecast gearing ratio (%)


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


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

Further insights




MediaWatch – November 2023: Still waiting…



MediaWatch – July 2023

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