Impax Asset Management Group PLC
Impax Asset Management Group PLC provides investment management and fund operations services, generating revenue primarily through management fees on assets under management.
Business. Impax Asset Management Group PLC (IPX.L) is a fee-based investment management firm operating within the Banking & Investment Services sector. The company is headquartered in the United Kingdom and is primarily listed on the London Stock Exchange. Specific details regarding its operating segments and geographic revenue mix are not provided in the available data.
Analyst recommendations
5 analysts · consensus BuyAt a glance
What drives this business
The watch-list the newsroom runs for this company — derived from its sector path, sharpened layer by layer. Not investment advice.
News & coverage
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Upcoming catalysts
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- Macro
- Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
- Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
- Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
- Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
- Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
- Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
- Macro & political
- ElectionSE Swedish Election2026-09-14 · SE
- ElectionUS U.S. Midterms2026-11-03 · US
- ElectionFR French Legislative2027-06-01 · FR
Pre-earnings brief
Signals & dispatch
Composite-score breakdown
Synthesis
Impax Asset Management Group PLC (IPX.L) is a fee-based investment management firm operating within the Banking & Investment Services sector. The company is headquartered in the United Kingdom and is primarily listed on the London Stock Exchange. Specific details regarding its operating segments and geographic revenue mix are not provided in the available data.
Impax maintains a strong liquidity position with a current ratio of 3.3, indicating the company can cover its short-term liabilities more than three times over. The company's liquidity_fpt score reflects a low risk of liquidity stress, supported by GBP 22.88 million in cash and equivalents. However, free cash flow is negative at GBP -10.33 million, suggesting operational cash is being used for capital expenditures or other obligations.
Profitability metrics show a return on equity of 17.61% and a return on assets of 13.12%, both exceeding the typical thresholds for the investment management industry. These figures indicate efficient use of equity and assets to generate profit, aligning with the company's role in managing and growing client assets. The operating margin of 18.57% (calculated from operating income of GBP 26.10 million on revenue of GBP 140.56 million) is robust, reflecting strong cost control and pricing power in its fee-based business model.
Geographically, Impax's revenue is concentrated in the UK, with no material disclosures of international revenue segments in the latest financials. The company operates in a single business segment focused on investment management, with no material diversification across product lines or geographic regions. This concentration may expose the company to regulatory and economic risks specific to the UK market.
Growth trajectory appears stable, with revenue of GBP 140.56 million in the latest period. While no forward-looking revenue guidance is provided, the company's operating income of GBP 26.10 million and net income of GBP 20.29 million suggest a consistent earnings profile. The absence of dilution risk and low liquidity risk further supports a stable growth outlook.
Risk factors include the potential for regulatory changes in the UK investment management sector, which could impact fee structures and operational costs. The company's debt-to-equity ratio of 0.05 indicates a conservative capital structure with minimal leverage, reducing financial risk. No immediate dilution threats are identified, with shares outstanding remaining unchanged at 127.04 million.
Recent events include analyst price targets ranging from GBP 110 to GBP 229, with a mean of GBP 175 and a median of GBP 170. Analyst recommendations are generally positive, with three strong-buy ratings and one buy rating. These signals suggest confidence in the company's long-term value proposition and operational performance.
- Impax maintains a strong liquidity position with a current ratio of 3.3 and GBP 22.88 million in cash and equivalents.
- The company's return on equity of 17.61% and return on assets of 13.12% indicate efficient capital utilization.
- Revenue is concentrated in the UK, with no material international diversification disclosed.
- Analysts are generally positive, with a mean price target of GBP 175 and three strong-buy ratings.
- The company's conservative capital structure and low debt-to-equity ratio reduce financial risk.
Bull / Bear case
Generated · model-assistedIn focus — financials by report
Valuation
Revenue by segment
Business relationships
Supply chain
Peer comparison
Market position
Stress test
Predictor forecast
| Metric | Our forecast | Guidance | Consensus |
|---|---|---|---|
| EPS | —no estimate | —no estimate | 0,12 |
| Revenue | —no estimate | —no estimate | 113,1M GBP |
| Operating income | —no estimate | —no estimate | 19,6M GBP |
Options
Short squeeze
Earnings-call key lines
Consensus distribution
sell-side coverageEstimate revisions
consensus EPS · 26-week trendSell-side observations
Themes
ESG
Risk factors
- No immediate filing-based liquidity or dilution flags were detected.
Benchmarks vs cohort
Corporate actions / M&A
FX exposure
Comparable transactions
Derivatives & instruments
Derivative transactions
- President · American Depository Shares (ADS) → Ordinary SharesAcquired 30 000purchase · 2026-04-28
- Director · American Depository Shares → Ordinary SharesAcquired 47 550purchase · 2026-04-28
- Director, Chief Executive Officer · Performance Rights (A$18) → IPX Ordinary SharesAcquired 237 944 @ $18,00grant · 2026-04-02
- Director, Chief Executive Officer · Options (A$18) → IPX Ordinary SharesAcquired 564 759 @ $18,00grant · 2026-04-02
- Director, Chief Executive Officer · Options (A$22) → IPX Ordinary SharesAcquired 639 205 @ $22,00grant · 2026-04-02
- Director, Executive Chairman · Performance Rights (A$18) → IPX Ordinary SharesAcquired 196 086 @ $18,00grant · 2026-04-02
- Chief Financial Officer · Options (A$11) → IPX Ordinary SharesAcquired 127 993 @ $11,00grant · 2026-04-02
- President · Performance Rights (A$18) → IPX Ordinary SharesAcquired 226 047 @ $18,00grant · 2026-04-02
- President · Options (A$18) → IPX Ordinary SharesAcquired 536 521 @ $18,00grant · 2026-04-02
- President · Options (A$22) → IPX Ordinary SharesAcquired 607 244 @ $22,00grant · 2026-04-02
- Director, Executive Chairman · Options (A$22) → IPX Ordinary SharesAcquired 526 760 @ $22,00grant · 2026-04-02
- Director, Executive Chairman · Options (A$18) → IPX Ordinary SharesAcquired 465 410 @ $18,00grant · 2026-04-02
Physical assets
1 tracked| Asset | Type | Commodity | Country | Role |
|---|---|---|---|---|
| Ballycadden wind farm | Power | Power | Ireland | Registered owner |
Actions
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- Market data
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- Issuer disclosures
- Public news
- Earnings transcripts
- Consensus estimates
- ESG data
- Dilution Ratio(shares_outstanding_diluted - shares_outstanding_basic) / shares_outstanding_basic
- Net Cashcash_and_equivalents + short_term_investments - short_term_debt - long_term_debt
- Capex To Revenuecapital_expenditure / revenue
- Return On Equitynet_income / total_equity
- Debt To Equity(short_term_debt + long_term_debt) / total_equity
- Cash Conversion Ratiooperating_cash_flow / net_income
- Impax Asset Management Group PLC Market data — financials · 2026-05-28
- Impax Asset Management Group PLC Market data — analyst estimates · 2026-05-28
- Impax Asset Management Group PLC Market data — ESG · 2026-05-28
Ownership & reference
Insider activity
- Director, Executive Chairman · Ordinary SharesBought 260 000 @ $4,20$1,1M · 2026-04-29
- Director, Executive Chairman · Ordinary SharesBought 220 000 @ $4,48$986K · 2026-04-28
- Director, Chief Executive Officer · Ordinary SharesBought 110 000 @ $4,49$494K · 2026-04-28
- Chief Financial Officer · Restricted Stock UnitsOther 52 258 · 2026-04-02
- President · American Depository SharesBought 11 000 @ $23,87$263K · 2026-03-27
- Director · American Depository SharesBought 4 187 @ $23,76$99K · 2026-03-27
- Director · Ordinary SharesBought 225 225 @ $3,20$721K · 2026-03-27
- Chief Executive Officer · Ordinary SharesBought 467 000 @ $3,20$1,5M · 2026-03-27
- Chief Executive Officer · American Depository SharesBought 12 800 @ $23,41$300K · 2026-03-27