Intercede (IGP) AI Stock Analysis

• Market Cap: £80.67M
• Dividend Yield: N/A
• Average Volume (3M): 83.00K
• Price to Earnings (P/E): 13.1
• Beta (1Y): 0.66
• Revenue Growth: 64.99%
• EPS Growth: 270.77%
• Country: UK
• Employees: 102
• Sector: Technology
• Sector Strength: 45
• Industry: Software
• EPS (TTM): 0.10
• Shares Outstanding: 58,456,950
• 10 Day Avg. Volume: 81,744
• 30 Day Avg. Volume: 83,000
• PEG Ratio: 0.05
• Price to Book (P/B): N/A
• Price to Sales (P/S): 4.01
• Price to Cash Flow (P/CF): 32.10
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

Intercede's overall stock score is driven by strong financial performance and positive corporate events. The company demonstrates robust growth and profitability, supported by strategic contract wins and insider confidence. However, technical indicators suggest caution as the stock appears oversold, with negative momentum. Valuation is fair, supporting a balanced growth outlook.

Intercede Business Overview & Revenue Model

Company Description

Intercede (IGP) is a cybersecurity company specializing in identity management software and services. The company primarily operates in the sectors of cybersecurity and digital identity management, providing solutions that secure digital identities and credentials for organizations across various industries. Intercede's core products include MyID, a credential management system that enables secure authentication for enterprises, governments, and other institutions.

How the Company Makes Money

Intercede makes money through the sale of its identity management software solutions and related services. The company's primary revenue streams include software licensing fees, subscription-based models, and professional services such as implementation, support, and consulting. Intercede's MyID platform is a significant source of revenue, as it is widely adopted by organizations needing robust identity and credential management solutions. Additionally, strategic partnerships and collaborations with technology providers and system integrators contribute to its earnings by expanding its market reach and customer base.

Intercede Financial Statement Overview

Summary

Intercede exhibits impressive financial performance across all verticals, with robust growth, high profitability, and strong cash generation. The income statement showcases significant revenue and profit growth, while the balance sheet indicates a stable financial position with low debt. Cash flow management is exemplary, supporting business operations and potential growth initiatives. While the financial health is strong, attention to liability management could further enhance stability.

Income Statement

Intercede has demonstrated strong revenue growth with a notable increase of 64.9% from 2023 to 2024. The company maintains high gross profit margins (97.2% in 2024), indicative of effective cost management. The net profit margin has also significantly improved to 30.2% in 2024, reflecting enhanced profitability. EBIT and EBITDA margins are robust at 27.2% and 30.6% respectively, showcasing operational efficiency. Overall, the income statement reflects a positive growth trajectory with strong profitability metrics.

Balance Sheet

The balance sheet shows a healthy equity position with stockholders' equity increasing to $13.18M in 2024. The debt-to-equity ratio is low at 0.06, indicating low leverage and financial prudence. ROE is impressive at 45.7%, suggesting effective use of equity. However, the equity ratio of 51.3% indicates moderate reliance on liabilities, which may pose risks if liabilities grow. Overall, the balance sheet is strong with low debt and high equity returns, though monitoring liabilities is advisable.

Cash Flow

Operating cash flow increased significantly by 236.4% from 2023 to 2024, demonstrating strong cash generation capabilities. Free cash flow also surged by 232.1%, supporting potential reinvestment and shareholder returns. The operating cash flow to net income ratio is 1.6, and the free cash flow to net income ratio is 1.5, both indicating efficient cash utilization relative to profits. The cash flow statement reflects a solid ability to generate and manage cash, supporting operational and strategic needs.

Breakdown
Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020
Income Statement		Total Revenue
19.96M	12.11M	9.93M	10.96M	10.36M
	Gross Profit
19.40M	11.71M	9.73M	10.73M	10.34M
	EBIT
5.43M	571.00K	390.00K	1.59M	1.15M
	EBITDA
6.11M	1.06M	713.00K	1.91M	1.49M
	Net Income Common Stockholders
6.02M	1.31M	723.00K	1.53M	1.01M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
17.23M	8.33M	7.79M	8.03M	4.76M
	Total Assets
25.69M	17.44M	12.93M	13.01M	10.96M
	Total Debt
804.00K	465.00K	756.00K	1.11M	6.36M
	Net Debt
-16.42M	-7.87M	-7.03M	-6.92M	1.60M
	Total Liabilities
12.52M	10.41M	7.42M	8.26M	12.34M
	Stockholders Equity
13.18M	7.03M	5.51M	4.75M	-1.38M
Cash Flow		Free Cash Flow
9.27M	2.79M	77.00K	4.14M	1.25M
	Operating Cash Flow
9.63M	2.86M	110.00K	4.24M	1.30M
	Investing Cash Flow
-358.00K	-2.08M	-33.00K	-95.00K	376.00K
	Financing Cash Flow
-333.00K	-294.00K	-372.00K	-791.00K	-198.00K

Intercede Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 142.00
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Positive
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:IGP, the sentiment is Negative. The current price of 142 is below the 20-day moving average (MA) of 155.68, below the 50-day MA of 174.95, and below the 200-day MA of 169.29, indicating a bearish trend. The MACD of -10.31 indicates Positive momentum. The RSI at 29.89 is Positive, neither overbought nor oversold. The STOCH value of 34.40 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GB:IGP.

Intercede Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IGP	72 Outperform	£80.67M	13.11	51.83%	―	64.99%	270.77%
AVG	66 Neutral	£118.30M	27.37	3.87%	1.31%	14.30%	-25.58%
TRCS	63 Neutral	£105.62M	214.51	0.72%	0.69%	-1.22%	-92.99%
Sector *	58 Neutral	$21.35B	9.98	-18.95%	2.37%	5.03%	-22.66%
NCC	57 Neutral	£399.88M	―	-10.60%	3.56%	-3.19%	-446.58%

Intercede Corporate Events

Intercede Executives Increase Shareholdings, Signaling Confidence

Intercede Group PLC announced that its CEO, Klaas van der Leest, and CFO, Nitil Patel, have purchased additional shares in the company, increasing their stakes to 1.8% and 0.07% of the company’s total voting rights, respectively. This move, disclosed in compliance with the Market Abuse Regulation, may signal confidence in the company’s future prospects and could positively influence stakeholder perception.

Intercede Secures Over $1.37 Million in New Contracts, Boosting Market Momentum

Intercede has announced new contract orders totaling over $1.37 million, indicating continued business momentum. These contracts include a significant subscription license for MyID SecureVault in AsiaPac and several professional services orders in the US federal space, reinforcing the company’s revenue and strategic market positioning.

Intercede Secures Over $5 Million in Cybersecurity Contracts and Renewals

Intercede Group PLC, a prominent cybersecurity firm specializing in digital identities, announced significant contract orders and renewals in December 2024, totaling over $5 million. New orders include a major MyID CMS license for a government client in Asia and the first MyID SecureVault subscription. Additional contracts were secured with a Middle Eastern airline and a Kuwaiti bank for MyID MFA licenses, and an American enterprise for MyID CMS subscriptions. Renewals with US Federal Agencies emphasize the importance of Intercede’s software in production environments. The company projects financial performance ahead of market expectations for FY25, bolstered by these orders and a strong sales pipeline.

Intercede Executes Share Buyback Program

Intercede Group PLC, a leader in cybersecurity software focusing on digital identities, has executed a share buyback program, acquiring 13,333 ordinary shares at a price of 165 pence each. This transaction, carried out through Cavendish Capital Markets Limited, will see the shares held in treasury, altering the company’s share count and potentially impacting shareholder calculations under the FCA’s rules.

Intercede Executes Share Buyback to Strengthen Market Position

Intercede Group PLC, a leader in cybersecurity software focused on digital identities, has executed a share buyback, acquiring 7,241 ordinary shares at 163.41 pence each. This transaction aligns with their share buyback program announced in October 2024. The repurchased shares will be held in treasury, adjusting the total number of shares in issue to 58,830,857, with 360,573 held in treasury. This strategic move may impact shareholder calculations regarding their interests in the company under FCA regulations.

Intercede Executes Share Buyback Program

Intercede has executed a share buyback, purchasing 13,414 ordinary shares at 164 pence each under its buyback program, with these shares to be held in treasury. This transaction impacts the company’s share capital structure, reducing the number of shares available in the market and potentially affecting shareholder calculations under regulatory guidelines.

Intercede Implements Share Buyback Program

Intercede Group plc has purchased 13,068 of its own shares at a price of 168.35 pence each as part of its share buyback program. This transaction reduces the number of shares in circulation and may affect shareholder calculations related to the FCA’s Disclosure Guidance and Transparency Rules, reflecting the company’s commitment to managing its share capital and potentially enhancing shareholder value.