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discoverIE Group plc
(LSE:DSCV)
Select Model
Select Model
Rating:64Neutral
Price Target:
849.00 p
▲(29.82% Upside)
Action:Reiterated
Date:09/06/26
The score is driven primarily by steady (but not exceptional) financial performance with consistently positive cash flow and improving earnings, offset by higher leverage. Technicals add support via an established uptrend and moderate momentum. Valuation is the main drag due to a relatively high P/E and only a modest dividend yield.
Positive Factors
Differentiated design-in model
The design-in model can create durable customer relationships because tailored components become embedded in OEM equipment and generate replenishment orders during serial production. Differentiated products also support value-based pricing and reduce direct exposure to commodity electronics.
Negative Factors
Elevated leverage
The higher debt load leaves less balance-sheet capacity to absorb weaker demand or fund strategic initiatives without additional financing. It can also make capital allocation more constrained, so leverage remains a durable counterweight to the company’s otherwise positive cash generation.
Read all positive and negative factors
Positive Factors
Negative Factors
Differentiated design-in model
The design-in model can create durable customer relationships because tailored components become embedded in OEM equipment and generate replenishment orders during serial production. Differentiated products also support value-based pricing and reduce direct exposure to commodity electronics.
Read all positive factors
discoverIE Group plc (DSCV) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£762.24M
Dividend Yield1.64%
Average Volume (3M)333.70K
Price to Earnings (P/E)26.4
Beta (1Y)1.51
Revenue Growth4.82%
EPS Growth17.80%
CountryUK
Employees4,600
SectorTechnology
Sector Strength88
IndustryHardware, Equipment & Parts
Share Statistics
EPS (TTM)0.30
Shares Outstanding97,356,110
10 Day Avg. Volume216,442
30 Day Avg. Volume333,704
Financial Highlights & Ratios
PEG Ratio1.17
Price to Book (P/B)1.57
Price to Sales (P/S)1.17
P/FCF Ratio12.22
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
£901.25Price Target Upside37.81% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering4
EPS Forecast (FY)0.44
Revenue Forecast (FY)£482.19M
discoverIE Group plc Business Overview & Revenue Model
Company Description
Established in 1986 and headquartered in Guildford, United Kingdom, discoverIE Group plc is a global enterprise focused on the design, manufacturing, and distribution of electronic components. The company's operations are strategically divided int...
How the Company Makes Money
discoverIE makes money primarily by selling specialized electronic components and sub-systems to original equipment manufacturers (OEMs) and industrial customers. Revenue is generated from (1) product sales of engineered components—such as magneti...
discoverIE Group plc Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
58
Neutral
Cash Flow
66
Positive
| Breakdown | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 443.30M | 422.90M | 437.00M | 448.90M | 379.20M |
| Gross Profit | 192.50M | 181.50M | 177.00M | 36.30M | 27.40M |
| EBITDA | 70.50M | 74.50M | 62.90M | 63.10M | 46.00M |
| Net Income | 29.00M | 24.60M | 15.50M | 21.30M | 19.00M |
Balance Sheet | |||||
| Total Assets | 694.60M | 695.00M | 668.70M | 585.70M | 592.70M |
| Cash, Cash Equivalents and Short-Term Investments | 125.30M | 139.30M | 110.80M | 83.90M | 108.80M |
| Total Debt | 239.80M | 261.00M | 234.90M | 145.40M | 160.10M |
| Total Liabilities | 366.00M | 387.00M | 367.10M | 282.10M | 302.30M |
| Stockholders Equity | 328.60M | 308.00M | 301.60M | 303.60M | 290.40M |
Cash Flow | |||||
| Free Cash Flow | 42.30M | 40.30M | 36.30M | 32.10M | 25.10M |
| Operating Cash Flow | 48.00M | 46.40M | 41.20M | 37.70M | 31.30M |
| Investing Cash Flow | -14.00M | -19.30M | -83.80M | -30.70M | -53.00M |
| Financing Cash Flow | -49.10M | -13.90M | 33.20M | 1.20M | 29.30M |
discoverIE Group plc Technical Analysis
Positive
654.00
Price Trends
744.60
Positive
714.20
Positive
652.83
Positive
Market Momentum
8.52
Positive
54.13
Neutral
38.18
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:DSCV, the sentiment is Positive. The current price of 654 is below the 20-day moving average (MA) of 795.55, below the 50-day MA of 744.60, and above the 200-day MA of 652.83, indicating a neutral trend. The MACD of 8.52 indicates Positive momentum. The RSI at 54.13 is Neutral, neither overbought nor oversold. The STOCH value of 38.18 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:DSCV.
discoverIE Group plc Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
66 Neutral | £329.82M | 81.69 | 3.33% | 0.81% | 12.73% | -26.74% | |
64 Neutral | £762.24M | 26.43 | 9.04% | 1.64% | 4.82% | 17.80% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
61 Neutral | £270.18M | -7.56 | -24.38% | 3.68% | -2.68% | 47.33% | |
56 Neutral | £69.07M | -57.21 | -3.15% | 5.97% | ― | ― | |
54 Neutral | £273.42M | 50.06 | 6.24% | 2.80% | 9.13% | -47.18% | |
51 Neutral | £91.24M | -43.80 | -3.80% | 4.56% | 4.27% | 81.19% |
* Technology Sector Average
GB:DSCV
discoverIE Group plc
793.00
197.91
33.26%
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discoverIE Group plc Corporate Events
Business Operations and Strategy
discoverIE boosts Indian manufacturing with major Bangalore expansion
Positive
Aug 19, 2026
discoverIE Group plc has opened a new 9,000m² manufacturing facility in Jigani, Bangalore, more than doubling the footprint and tripling the capacity of its existing Indian operation. The site, part of the Noratel business, will bolster produ...
DividendsRegulatory Filings and Compliance
discoverIE Directors Boost Holdings Through Dividend Reinvestment
Positive
Aug 13, 2026
DiscoverIE Group plc, a leading international designer and manufacturer of customised industrial electronic components, serves OEMs in high-growth markets including industrial automation, security, renewable energy, medical devices and electrified...
Business Operations and StrategyStock BuybackDividendsFinancial DisclosuresShareholder Meetings
discoverIE shareholders back all resolutions at AGM, reinforcing growth mandate
Positive
Jul 24, 2026
discoverIE Group plc reported that all resolutions proposed at its latest Annual General Meeting were approved by shareholders, including the receipt and adoption of financial statements, approval of the final dividend and endorsement of the direc...
Business Operations and StrategyFinancial Disclosures
discoverIE lifts sales and earnings outlook on strong order momentum
Positive
Jul 24, 2026
discoverIE Group plc, a London-listed designer and manufacturer of customised industrial electronics, supplies application-specific components to OEM customers in sectors including automation, security, renewable energy, medical and transportation...
Financial DisclosuresRegulatory Filings and ComplianceShareholder Meetings
discoverIE publishes 2026 annual report and AGM notice
Neutral
Jun 18, 2026
DiscoverIE Group plc, a FTSE 250 company in the Electrical Components and Equipment subsector, designs and manufactures customised electronics for industrial OEMs through its Magnetics Controls and Sensing Connectivity divisions. With operations...
Business Operations and StrategyExecutive/Board Changes
discoverIE grants long-term share awards to senior executives
Neutral
Jun 11, 2026
DiscoverIE Group plc has granted nil-cost options over ordinary shares to chief executive Nick Jefferies and finance director Simon Gibbins under its 2021 Long-Term Incentive Plan and 2024 Deferred Share Bonus Plan. The long-term incentives, which...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.