discoverIE Group (LSE: DSCV)

Currency in GBP

Last close As at 30/11/2023

GBP6.24

−16.00 (−2.50%)

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

View More
discoverIE-Group_resized

Sector

TMT

Equity Analyst

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 19.4 13.7
2023A 448.9 65.4 48.8 36.7 17.0 11.4
2024E 452.2 71.8 49.6 37.4 16.7 10.6
2025E 477.3 76.6 52.2 38.9 16.0 10.0

Research

Update

TMT

discoverIE Group — High-margin acquisitions

Update

TMT

discoverIE Group — Back in growth mode

Update

TMT

discoverIE Group — Confident outlook

Update

TMT

discoverIE Group — Stronger close to FY20

Update

TMT

discoverIE Group — On track for FY20

Update

TMT

discoverIE Group — Good start to the year

research

discoverIE Group — Making good progress

Update

TMT

discoverIE Group — Strong finish to FY18

Update

TMT

Acal — Stronger trading drives upgrades

Update

TMT

Acal — Update 26 January 2017

Update

TMT

Acal — Update 18 October 2016

Update

TMT

Acal — Update 27 July 2016

Outlook

TMT

Acal — Update 10 June 2016

Update

TMT

Acal — Update 18 April 2016

Update

TMT

Acal — Update 16 February 2016

Update

TMT

Acal — Update 8 December 2015

edison tv

TMT

Executive Interview – Acal

Further insights

thematic

TMT

MediaWatch – April 2023

Digital Marketing and Internet Media Technology Platform

thematic

TMT

MediaWatch – January 2023

thematic

Consumer

IPO apocalypse

thematic

TMT

ESG, moving beyond the box tick

thematic

TMT

Direct tech investors

thematic

Consumer

Circular economy business models

thematic

TMT

Quantum dots – all the colours of the rainbow

thematic

TMT

Micro-LEDs – small is beautiful

thematic

Consumer

Illuminator: August Update

thematic

TMT

European video games

thematic

TMT

Diversification and scale for online success

thematic

TMT

UK video games – Heterogeneous not homogeneous

thematic

TMT

Mobile ecosystems

thematic

TMT

Mobile ecosystems

thematic

TMT

Mobile ecosystems

thematic

TMT

NZ – Edison talks tech

thematic

TMT

AUS – Edison talks tech

thematic

TMT

Mobile ecosystems

thematic

Consumer

Deutsche Börse Eigenkapitalforum 2014 Research Guide

thematic

TMT

Mobile ecosystems

thematic

Energy & Resources

ASX Spotlight Conference – London, 6 March 2014

thematic

Energy & Resources

ASX Small to Mid Caps Conference – London, 7 March 2013

thematic

TMT

The third pillar

thematic

TMT

The real disruptor

thematic

TMT

Merger mania is back