Main menu
Edison Group
  • Home
  • Equities

    Equities

    View All Equities

    Equities by Sector

    Vection Technologies

    MCap

    AUD28m

    Last close

    AUD0.03

    ▲ 0.01 (50.00%)

    Biodexa Pharmaceuticals

    MCap

    USD3m

    Last close

    USD5.11

    ▲ 1.61 (46.00%)

    Pharnext

    MCap

    EUR1m

    Last close

    EUR0.10

    ▲ 0.03 (42.86%)

  • Sectors

    Sectors

  • Investment Strategy

    Investment Strategy

    View All

    Latest

  • Thematics

    Thematics

    View All Thematics

    Latest

discoverIE Group (LSE: DSCV)

Currency in GBP

Last close As at 05/12/2023

GBP7.03

▲ 99.00 (16.39%)

Market capitalisation

GBP677m

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

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
Visit Website

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 10.5 (3.0) (16.3)
Relative 9.2 (3.6) (15.0)
52 week high/low 938.0p/593.0p

Financials

discoverIE’s trading update confirmed organic revenue growth and operating margin expansion in H124. Organic growth was 2% for Magnetics & Controls and 1% for Sensing & Connectivity. The company expects to deliver FY24 underlying earnings in line with its recently upgraded expectations; we maintain our operating profit and EPS forecasts. As expected, the order book continues to normalise but still provides good visibility for H224, and strong design win activity provides support for growth in the medium term.

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 21.9 15.4
2023A 448.9 65.4 48.8 36.7 19.2 12.9
2024E 452.2 71.8 49.6 37.4 18.8 11.9
2025E 477.3 76.6 52.2 38.9 18.1 11.2

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

Thematics

thematic

Consumer

Deutsches Eigenkapitalforum (EKF) 2023 consumer and media

thematic

TMT

Deutsches Eigenkapitalforum (EKF) 2023 technology

thematic

TMT

MediaWatch – November 2023: Still waiting…

thematic

TMT

MediaWatch – July 2023
View All

Subscribe to Edison

Get access to the very latest content matched to your personal investment style.

Sign up for free