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.
TMT |
edison tv
TMT |
Flash note
Bruce Thompson
Non-exec chairman
Greg Davidson
Company secretary
Lili Huang
Head of Investor Relations
Nick Jefferies
CEO
Simon Gibbins
FD
Forecast net cash (£m)
101.8
Forecast gearing ratio (%)
N/A
% | 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 | 19.4 | 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 |