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Intercede (IGP) AI Stock Analysis
Intercede
(LSE:IGP)
The overall score reflects a financially strong, low‑risk software business with exceptional margins, a very conservative balance sheet, and consistently positive free cash flow, tempered by recent declines in revenue, earnings, and cash‑flow growth. Strong technical momentum, with the price above key moving averages and supportive MACD, RSI, and Stoch readings, further boosts the score. Valuation is moderately rich, offering upside mainly if growth re‑accelerates and profitability remains robust, which keeps the score below the top tier despite the company’s solid fundamentals.
Intercede (IGP) vs. iShares MSCI United Kingdom ETF (EWC)
- Market Cap
- GBP 85.42M
- Dividend Yield
- ―
- Average Volume (3M)
- 89.82K
- Price to Earnings (P/E)
- 24.5
- Beta (1Y)
- 0.45
- Revenue Growth
- -3.15%
- EPS Growth
- -17.89%
- Country
- UK
- Employees
- 111
- Sector
- Technology
- Sector Strength
- 61
- Industry
- Software - Application
Intercede Business Overview & Revenue Model
Company Description
Intercede Group plc is a cybersecurity company dedicated to ensuring digital trust through its expertise in identity, credential management, and secure mobile solutions. Operating across the UK, Europe, the United States, and internationally, the com...
How the Company Makes Money
Intercede makes money primarily by selling and supporting its identity and credential management software. Key revenue streams typically include: (1) Software licensing and subscriptions for its MyID platform and related components, where customers p...
Intercede Financial Statement Overview
Summary
Financials are a clear strength, with very high gross margins near 97–98%, solid operating and net profitability, a conservative low‑debt balance sheet, and consistently positive free cash flow, partly offset by recent revenue decline, lower earnings versus 2024 peaks, and more volatile cash flow.
Income Statement
78PositiveBalance Sheet
86Very PositiveCash Flow
72Positive| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 17.16M | 17.16M | 17.71M | 19.96M | 12.11M | 9.93M |
| Gross Profit | 15.87M | 15.87M | 17.19M | 19.40M | 11.71M | 9.73M |
| EBITDA | 4.09M | 3.94M | 5.17M | 6.11M | 1.10M | 713.00K |
| Net Income | 3.38M | 3.38M | 4.05M | 6.02M | 1.31M | 723.00K |
Balance Sheet | ||||||
| Total Assets | 30.35M | 30.35M | 28.69M | 25.69M | 17.44M | 12.93M |
| Cash, Cash Equivalents and Short-Term Investments | 20.00M | 20.00M | 18.67M | 17.23M | 8.33M | 7.79M |
| Total Debt | 1.10M | 1.10M | 619.00K | 804.00K | 465.00K | 756.00K |
| Total Liabilities | 11.09M | 11.09M | 11.66M | 12.52M | 10.41M | 7.42M |
| Stockholders Equity | 19.26M | 19.26M | 17.03M | 13.18M | 7.03M | 5.51M |
Cash Flow | ||||||
| Free Cash Flow | 3.02M | 3.02M | 2.30M | 9.27M | 2.79M | 77.00K |
| Operating Cash Flow | 3.09M | 3.09M | 2.88M | 9.63M | 2.86M | 110.00K |
| Investing Cash Flow | -68.00K | -68.00K | -856.00K | -358.00K | -2.08M | -33.00K |
| Financing Cash Flow | -1.68M | -1.68M | -529.00K | -333.00K | -294.00K | -372.00K |
Intercede Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:IGP, the sentiment is Positive. The current price of 139.80 is above the 20-day moving average (MA) of 136.10, above the 50-day MA of 125.95, and above the 200-day MA of 111.72, indicating a bullish trend. The MACD of 3.92 indicates Positive momentum. The RSI at 58.64 is Neutral, neither overbought nor oversold. The STOCH value of 57.22 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:IGP.
Intercede Peers Comparison
Overall Rating
GB:SPSC87Outperform- GB:IGP78.3Outperform
GB:ACSO65Neutral
GB:NCC59Neutral
GB:COIN55Neutral
GB:GBG54Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| GB:SPSC | 87Outperform | GBP 88.33M | 8.98 | 26.35% | 6.05% | ― | ― |
| GB:IGP | 78Outperform | GBP 85.42M | 24.47 | 18.91% | ― | -3.15% | -17.89% |
| GB:ACSO | 65Neutral | GBP 102.04M | 15.34 | 5.35% | ― | -1.05% | -2.05% |
| Sector * | 61Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% |
| GB:NCC | 59Neutral | GBP 254.23M | 56.53 | 4.85% | 2.74% | ― | ― |
| GB:COIN | 55Neutral | GBP 14.01M | -1.50 | -61.36% | ― | 17.82% | -173.24% |
| GB:GBG | 54Neutral | GBP 366.83M | -5.09 | -14.39% | 2.69% | 0.82% | -997.08% |
* Technology Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| GB:IGP | Intercede Group plc | 138.50 | -8.00 | -5.46% | |
| GB:ACSO | accesso Technology | 309.50 | -44.50 | -12.57% | |
| GB:GBG | GB Group plc | 163.80 | -65.67 | -28.62% | |
| GB:NCC | NCC Group plc | 169.60 | 25.52 | 17.71% | |
| GB:SPSC | Spectra Systems | 170.00 | -21.97 | -11.44% | |
| GB:COIN | Coinsilium Group | 2.90 | -0.80 | -21.62% |
Intercede Corporate Events
Intercede Wins £1m U.S. Federal Contract and Sets Date for Interim Results
PositiveIntercede has secured a formal purchase order worth approximately £1.04 million for professional services and development work supporting a major deployment at a U.S. federal agency, doubling the value of an earlier authority to proceed. The con...
Intercede launches FIDO passkey platform MyID Authenticate with European public-sector lead customer
PositiveIntercede has launched MyID Authenticate, a FIDO passkey-based authentication solution designed to deliver phishing-resistant sign-in to Windows desktops, cloud services, VPNs and on-premise applications from a single platform. The product supports F...
Intercede boosts first-half revenue and secures £3m in new orders
PositiveIntercede reported a strong first half for the year to 30 September 2026, with revenue rising 32.1% year on year to about £10.85 million and growth across perpetual licences, recurring support and maintenance, and professional services. The comp...
Intercede Posts Strong First-Half Growth and Wins £3m in New Orders
PositiveIntercede reported a strong first half to its 2027 financial year, with revenue rising 32.1% year-on-year to about £10.85m, driven by higher perpetual licence sales, steady growth in subscription licences and professional services, and resilient...
Intercede Secures Strong Shareholder Backing at AGM Ahead of Trading Update
PositiveIntercede Group PLC reported that all resolutions put to shareholders at its Annual General Meeting on 24 September 2026 were duly passed, reflecting strong investor support for the board and its governance arrangements. The votes confirmed the adopt...
Intercede director increases stake as digital identity specialist deepens security focus
PositiveIntercede Group, a specialist in digital identity cybersecurity, offers a comprehensive set of authentication tools from basic password security to advanced PKI, alongside professional services and management of a large password breach database for c...
Intercede updates share capital and insider holdings after option exercise
NeutralIntercede Group plc, which serves global customers in government, aerospace and defence, financial services, healthcare, telecoms and cloud/IT, also provides professional services, custom development and manages a major password breach database. The...
Intercede Updates Share Capital After Option Exercise and Chair’s Stock Purchase
PositiveIntercede Group plc has announced the exercise of 150,000 share options over ordinary shares, with the new shares due to be admitted to trading on AIM around 11 September 2026. Following this admission, the company’s issued share capital will c...
Intercede secures $2.6m in new digital identity contracts and renewals
PositiveIntercede Group, a specialist in digital identity cybersecurity, has secured approximately $2.6m in new contract orders and renewals, plus around $1.65m in potential future renewal value running through to early 2030. The deals, all sourced via its p...
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.
Date of analysis: Sep 26, 2026