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Impax Asset Management Group PLC (GB:IPX)
LSE:IPX

Impax Asset Management (IPX) AI Stock Analysis

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GB

Impax Asset Management

(LSE:IPX)

Rating:75Outperform
Price Target:
206.00p
▲(13.81%Upside)
Impax Asset Management's robust financial performance, combined with positive technical indicators and undervaluation, contribute significantly to its overall score. However, the decline in AUM and expected underperformance, as highlighted in recent corporate events, weigh negatively on the stock outlook.

Impax Asset Management (IPX) vs. iShares MSCI United Kingdom ETF (EWC)

Impax Asset Management Business Overview & Revenue Model

Company DescriptionImpax Asset Management Group plc is a publicly owned investment manager. Through its subsidiaries, it provides investment services to funds specializing in the environmental markets sector, with a focus on alternative energy, water, and waste sectors, primarily in the United Kingdom. It manages a range of funds and segregated accounts on behalf of institutional and private investors. It employs both fundamental to make its investments. The company was formerly known as Impax Group plc and changed its name to Impax Asset Management Group plc in October 2009. Impax Asset Management Group plc was founded in 1998 and is based in London, the United Kingdom.
How the Company Makes MoneyImpax Asset Management makes money primarily through the management fees and performance fees associated with its investment products. Its revenue model is based on charging a percentage of the assets under management (AUM) as management fees, which provides a steady income stream as long as investors keep their capital with Impax. In addition, the firm may earn performance fees if the investment strategies surpass certain benchmarks or performance targets. Key revenue streams include institutional and retail investment products, with significant contributions from partnerships with financial institutions that distribute its products. Impax’s focus on sustainability and environmental markets positions it favorably in attracting clients interested in responsible investing, further contributing to its earnings.

Impax Asset Management Financial Statement Overview

Summary
Impax Asset Management exhibits strong financial health with excellent cash flow, a stable balance sheet, and solid income statement performance. Despite slight pressure on profitability margins, the company's overall financial position supports resilience and growth opportunities.
Income Statement
75
Positive
Impax Asset Management shows a robust gross profit margin and consistent revenue growth over several years, indicating strong operational efficiency. However, the net profit margin has slightly declined in the latest period, suggesting some pressure on profitability.
Balance Sheet
80
Positive
The company's balance sheet is solid, with a low debt-to-equity ratio indicating prudent leverage management. The equity ratio remains healthy, contributing to financial stability. Return on equity has moderated but remains respectable.
Cash Flow
85
Very Positive
Impax Asset Management demonstrates strong cash flow metrics, with significant growth in free cash flow and a strong operating cash flow to net income ratio. This indicates robust cash generation capabilities, supporting future growth and financial flexibility.
Breakdown
Sep 2024Sep 2023Sep 2022Sep 2021Sep 2020
Income StatementTotal Revenue
170.11M178.37M175.95M142.69M87.68M
Gross Profit
107.98M85.12M165.30M133.09M77.85M
EBIT
50.07M66.56M65.88M47.89M18.60M
EBITDA
53.97M57.60M70.14M51.94M22.86M
Net Income Common Stockholders
36.48M39.22M59.48M40.24M13.74M
Balance SheetCash, Cash Equivalents and Short-Term Investments
109.09M104.78M118.17M81.80M43.15M
Total Assets
182.38M188.52M203.45M172.35M113.63M
Total Debt
7.79M8.74M9.08M9.43M10.67M
Net Debt
-17.52M-29.22M-43.15M-26.74M-9.57M
Total Liabilities
51.26M54.56M65.27M61.83M42.19M
Stockholders Equity
131.12M133.96M138.18M110.52M71.45M
Cash FlowFree Cash Flow
49.56M37.83M70.92M55.07M23.68M
Operating Cash Flow
50.64M38.66M71.72M55.33M23.86M
Investing Cash Flow
-14.37M1.51M-19.64M-23.69M-2.63M
Financing Cash Flow
-45.99M-52.29M-38.63M-14.71M-12.88M

Impax Asset Management Technical Analysis

Technical Analysis Sentiment
Neutral
Last Price181.00
Price Trends
50DMA
160.82
Positive
100DMA
171.22
Positive
200DMA
226.69
Negative
Market Momentum
MACD
4.82
Positive
RSI
54.05
Neutral
STOCH
14.75
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:IPX, the sentiment is Neutral. The current price of 181 is below the 20-day moving average (MA) of 183.73, above the 50-day MA of 160.82, and below the 200-day MA of 226.69, indicating a neutral trend. The MACD of 4.82 indicates Positive momentum. The RSI at 54.05 is Neutral, neither overbought nor oversold. The STOCH value of 14.75 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for GB:IPX.

Impax Asset Management Peers Comparison

Overall Rating
UnderperformOutperform
Sector (64)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
GBIPX
75
Outperform
£230.62M7.5026.26%2.21%-9.06%-24.06%
GBJUP
74
Outperform
£493.65M7.788.03%4.54%0.37%
65
Neutral
£166.53M11.8311.92%6.39%0.27%1.47%
64
Neutral
$12.77B9.787.84%78.83%12.06%-7.99%
64
Neutral
£419.22M10.0433.77%6.38%18.08%22.78%
61
Neutral
£133.73M-3.67%1.19%35.36%-153.97%
GBLIO
58
Neutral
£233.69M16.328.88%11.83%-22.50%-15.51%
* Financial Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
GB:IPX
Impax Asset Management
181.00
-169.53
-48.36%
GB:CLIG
City of London Investment
343.00
0.31
0.09%
GB:JUP
Jupiter Fund Management Plc
94.80
20.54
27.66%
GB:LIO
Liontrust Asset Management
363.50
-301.71
-45.36%
GB:MERC
Mercia Asset Management
31.00
2.36
8.24%
GB:POLR
Polar Capital Holdings
435.00
-83.04
-16.03%

Impax Asset Management Corporate Events

Stock Buyback
Impax Asset Management Executes Share Buyback
Neutral
Jun 20, 2025

Impax Asset Management Group plc announced the purchase of 15,000 of its own ordinary shares at a price of 180 GBp each as part of a buyback program initiated in May 2025. This transaction brings the total number of shares repurchased to 280,000, with the company planning to cancel the acquired shares, impacting the total voting rights and share calculations for stakeholders.

The most recent analyst rating on (GB:IPX) stock is a Buy with a £330.00 price target. To see the full list of analyst forecasts on Impax Asset Management stock, see the GB:IPX Stock Forecast page.

Stock BuybackBusiness Operations and Strategy
Impax Asset Management Continues Share Buyback Program
Neutral
Jun 19, 2025

Impax Asset Management Group plc has repurchased 25,000 of its ordinary shares at a price of 180 GBp each as part of its ongoing buyback program. This transaction is part of a broader strategy to manage the company’s share capital, with a total of 265,000 shares repurchased since the program’s initiation, potentially impacting shareholder value and market perception.

The most recent analyst rating on (GB:IPX) stock is a Buy with a £330.00 price target. To see the full list of analyst forecasts on Impax Asset Management stock, see the GB:IPX Stock Forecast page.

Stock BuybackBusiness Operations and Strategy
Impax Asset Management Executes Share Buyback
Neutral
Jun 13, 2025

Impax Asset Management Group plc has repurchased 25,000 of its ordinary shares at a price of 190 GBp each as part of a buyback program initiated in May 2025. This transaction is part of a broader strategy to manage share capital, with a total of 240,000 shares repurchased to date, impacting the company’s total voting rights and potentially influencing shareholder interests.

The most recent analyst rating on (GB:IPX) stock is a Buy with a £330.00 price target. To see the full list of analyst forecasts on Impax Asset Management stock, see the GB:IPX Stock Forecast page.

Stock BuybackBusiness Operations and Strategy
Impax Asset Management Executes Share Buyback
Neutral
Jun 12, 2025

Impax Asset Management Group plc has repurchased 50,000 of its ordinary shares at a price of 193.60 GBp each as part of its ongoing buyback program. This transaction is part of a broader strategy to manage the company’s capital structure, with the purchased shares intended for cancellation, impacting the total voting rights and share count available to stakeholders.

The most recent analyst rating on (GB:IPX) stock is a Buy with a £330.00 price target. To see the full list of analyst forecasts on Impax Asset Management stock, see the GB:IPX Stock Forecast page.

Stock Buyback
Impax Asset Management Executes Share Buyback
Neutral
Jun 3, 2025

Impax Asset Management Group plc has executed a share buyback, purchasing 25,000 of its ordinary shares at a consistent price of 183.40 GBp per share. This transaction is part of a larger buyback program initiated on 22 May 2025, and the company plans to cancel the acquired shares, impacting the total voting rights and share calculations for stakeholders.

The most recent analyst rating on (GB:IPX) stock is a Buy with a £330.00 price target. To see the full list of analyst forecasts on Impax Asset Management stock, see the GB:IPX Stock Forecast page.

Stock BuybackBusiness Operations and Strategy
Impax Asset Management Executes Share Buyback Program
Neutral
May 30, 2025

Impax Asset Management Group plc has repurchased 65,000 of its ordinary shares as part of a buyback program initiated on 22 May 2025. The shares were bought at a volume-weighted average price of 186.26 GBp and will be canceled, reducing the total number of shares in issue to 132,456,554. This move is part of Impax’s strategy to manage its capital structure and may impact shareholder voting rights.

The most recent analyst rating on (GB:IPX) stock is a Buy with a £330.00 price target. To see the full list of analyst forecasts on Impax Asset Management stock, see the GB:IPX Stock Forecast page.

Stock BuybackBusiness Operations and Strategy
Impax Asset Management Executes Share Buyback Program
Positive
May 29, 2025

Impax Asset Management Group plc has executed a share buyback, purchasing 50,000 of its ordinary shares at a consistent price of 185.20 GBp each, as part of a program initiated on 22 May 2025. This move, which will result in the cancellation of the purchased shares, is part of Impax’s strategy to manage its capital structure, potentially enhancing shareholder value and reflecting confidence in its financial health.

The most recent analyst rating on (GB:IPX) stock is a Buy with a £330.00 price target. To see the full list of analyst forecasts on Impax Asset Management stock, see the GB:IPX Stock Forecast page.

Stock Buyback
Impax Asset Management Executes Share Buyback
Neutral
May 27, 2025

Impax Asset Management Group plc has repurchased 25,000 of its ordinary shares as part of a buyback program, with each share purchased at a price of 175 GBp. This transaction reduces the total number of shares in circulation to 132,571,554, potentially impacting shareholder voting rights and ownership percentages.

The most recent analyst rating on (GB:IPX) stock is a Buy with a £330.00 price target. To see the full list of analyst forecasts on Impax Asset Management stock, see the GB:IPX Stock Forecast page.

Financial Disclosures
Impax Asset Management to Present Half Year Results Online
Positive
May 23, 2025

Impax Asset Management Group plc announced that it will present its Half Year Results via an online event on 29 May 2025. This presentation, led by Founder and CEO Ian Simm, is open to all existing and potential shareholders, allowing them to engage and ask questions. This initiative reflects Impax’s commitment to transparency and stakeholder engagement, potentially enhancing its industry positioning by fostering investor confidence and interest.

The most recent analyst rating on (GB:IPX) stock is a Buy with a £330.00 price target. To see the full list of analyst forecasts on Impax Asset Management stock, see the GB:IPX Stock Forecast page.

Stock BuybackBusiness Operations and Strategy
Impax Asset Management Initiates £10 Million Share Buyback Programme
Positive
May 22, 2025

Impax Asset Management Group plc has launched a £10 million share buyback programme to return additional capital to shareholders, following an update on its capital management priorities. The programme, conducted with Peel Hunt LLP, will be executed on the London Stock Exchange and other venues, potentially impacting daily trading volumes due to limited liquidity in the shares. The buyback reflects Impax’s strategic focus on optimizing shareholder value and may influence its market positioning.

The most recent analyst rating on (GB:IPX) stock is a Buy with a £700.00 price target. To see the full list of analyst forecasts on Impax Asset Management stock, see the GB:IPX Stock Forecast page.

Stock BuybackBusiness Operations and StrategyFinancial Disclosures
Impax Asset Management Reports Challenging H1 with Strategic Moves for Future Growth
Neutral
May 22, 2025

Impax Asset Management reported a challenging first half of the financial year, with a decline in assets under management (AUM) from £39.6 billion to £25.3 billion. Despite this, the company showed improved investment performance relative to benchmarks and announced a £10 million share buyback program, reflecting confidence in its future success. The company is focused on strategic priorities such as enhancing its listed equities proposition, expanding fixed income and private markets capabilities, and maintaining tight cost control to ensure financial strength. The board plans to continue its disciplined capital management approach, including a sustainable dividend policy and potential share buybacks, to support future growth opportunities.

The most recent analyst rating on (GB:IPX) stock is a Buy with a £700.00 price target. To see the full list of analyst forecasts on Impax Asset Management stock, see the GB:IPX Stock Forecast page.

Business Operations and StrategyFinancial Disclosures
Impax Asset Management to Present Interim Results in Upcoming Webinar
Neutral
May 14, 2025

Impax Asset Management Group plc announced an investor presentation of its interim results for the six months ending March 31, 2025, to be held via webinar on May 22. The event, led by CEO Ian Simm and CFO Karen Cockburn, is open to all existing and potential shareholders, allowing for interactive participation through questions. This presentation underscores Impax’s commitment to transparency and engagement with stakeholders, highlighting its strategic focus on sustainability and growth in the asset management industry.

The most recent analyst rating on (GB:IPX) stock is a Buy with a £700.00 price target. To see the full list of analyst forecasts on Impax Asset Management stock, see the GB:IPX Stock Forecast page.

Financial Disclosures
Impax Asset Management to Announce Interim Results on 22 May 2025
Neutral
May 2, 2025

Impax Asset Management Group plc has announced that it will release its interim results for the six-month period ending 31 March 2025 on 22 May 2025. This announcement is significant as it provides stakeholders with insights into the company’s financial performance and strategic direction during this period, potentially impacting its market positioning and investor relations.

Business Operations and StrategyRegulatory Filings and Compliance
Impax Asset Management Enters Advisory Agreement with BNP Paribas
Neutral
Apr 17, 2025

Impax Asset Management Ireland Limited, a subsidiary of Impax Asset Management Group, has entered into an investment advisory agreement with BNP Paribas Asset Management Europe. This agreement, part of a broader distribution arrangement, involves Impax providing advisory services to BNP Paribas for an investment fund, with fees calculated based on assets under management. As BNP Paribas is a substantial shareholder of Impax, the agreement is considered a related party transaction under AIM Rules. The independent directors, after consulting with Peel Hunt LLP, deem the transaction fair and reasonable for shareholders.

M&A TransactionsFinancial Disclosures
Impax Asset Management Sees AUM Decline Amid Market Challenges
Negative
Apr 8, 2025

Impax Asset Management reported a 25.7% decrease in assets under management (AUM) for the first quarter of its financial year, totaling £25.3 billion as of March 31, 2025. The decline was attributed to the winding-up of a significant fund mandate and account closures, compounded by negative market returns. Despite these challenges, Impax completed the acquisition of European assets from SKY Harbor Capital Management, adding £1.1 billion in AUM and expanding its fixed income investment capabilities. However, the company anticipates that full-year profits will fall below market expectations due to ongoing market uncertainties and an escalating trade war.

M&A TransactionsBusiness Operations and Strategy
Impax Asset Management Expands Fixed Income Capabilities with Acquisition of SKY Harbor’s European Assets
Positive
Apr 1, 2025

Impax Asset Management has completed the acquisition of the European assets of SKY Harbor Capital Management, a high yield fixed income manager. This strategic acquisition enhances Impax’s capabilities in fixed income, adding approximately £1.1 billion in assets under management and expanding its range of credit market solutions. The acquisition also includes Frankfurt-based SKY Harbor Capital Management GmbH, facilitating cross-border distribution. This move follows Impax’s previous acquisition of Absalon Corporate Credit, bringing its total fixed income assets to £2.6 billion, and further solidifying its position in the sustainable investment sector.

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.