Impax Asset Management Group plc (IPXAF) Stock Analysis
Educational signal · not a buy or sell recommendation · How to read this
P/E 9.87 means the share price is 9.87 times one year of earnings per share; the S&P 500 usually sits near 20-25. Market cap $170M is the value of all shares combined.
For informational purposes only. Not financial advice. Machine-generated analysis by Stock Expert AI — model gemini-2.0-flash, generated Mar 16, 2026. Editorial oversight is systemic, not page-by-page. Editorially accountable: Sedat ANAK, Founder and Editor-in-Chief. Data sources: Financial Modeling Prep, Yahoo Finance, SEC EDGAR
Quick AnswerImpax Asset Management Group plc (IPXAF) trades at $1.40. Impax Asset Management Group plc is an investment manager specializing in environmental markets, focusing on alternative energy, water, and waste sectors. Market cap: $170M, Sector: Financial services.
Price as of Sep 11, 2026 · Last analyzed: Mar 16, 2026Analyst Coverage for IPXAF: IPXAF does not currently have published analyst price targets in our coverage universe. This is common for smaller-cap names with limited Wall Street coverage. In the absence of analyst consensus, our AI model evaluates IPXAF against Financial Services peers across nine fundamental dimensions and assigns a neutral fundamental signal based on the underlying data.
No score published: this stock trades under $10,000 on a typical day, so the price beside it is not one you could reliably act on.
IPXAF: 2/2 scored disciplines lean bullish. Dominant signal: Seth Klarman bullish.
How is this calculated? →AI simulations built from the named investors' published principles. Not affiliated with, endorsed by, or the opinion of these individuals. How these lenses are built
Impax Asset Management Group plc (IPXAF) Financial Services Profile
Impax Asset Management Group plc, founded in 1998, is a UK-based investment manager specializing in environmental markets such as alternative energy, water, and waste. With a focus on sustainable investments, the company manages funds for institutional and private investors, distinguishing itself through a commitment to environmental solutions and a dividend yield of 9.26%.
What Is the Investment Thesis for IPXAF?
With a P/E ratio of 9.87 and a dividend yield of 9.26%, the company offers potential value and income. Key to its growth is the increasing investor focus on ESG factors, driving demand for sustainable investment options. The company's established presence in the UK and its expertise in alternative energy, water, and waste sectors provide a solid foundation for expansion. However, potential risks include market volatility and competition from larger asset managers. Continued growth in assets under management and strategic expansion into new markets are crucial for sustaining its competitive edge.
Based on FMP financials and quantitative analysis
IPXAF Key Highlights
Market Cap of $170M reflects its position as a smaller player in the asset management industry.
- P/E Ratio of 9.87 suggests the company may be undervalued compared to its earnings.
- Profit Margin of 14.3% indicates efficient operations and profitability in its niche market.
- Gross Margin of 61.9% demonstrates strong pricing power and cost management.
- Dividend Yield of 9.26% offers an attractive income stream for investors.
Who Are IPXAF's Competitors?
IPXAF is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | MoonshotScore |
|---|---|---|---|---|
| CLIUF City of London Investment Group PLC | $6.73 | 0.00% | $332M | — |
| CYFL Century Financial Corporation | $49.98 | +3.03% | $325M | — |
| DDWWF Dividend Growth Split Corp. | $4.12 | 0.00% | $229M | — |
| FNCSF North American Financial 15 Split Corp. | $7.48 | 0.00% | $514M | — |
| PASMF Premier Miton Group plc | $1.32 | 0.00% | $206M | — |
| WHF WhiteHorse Finance, Inc. | $6.98 | -0.85% | $150M | 885-pillar |
| BANX ArrowMark Financial Corp. | $20.95 | -0.55% | $203M | 725-pillar |
| LIEN Chicago Atlantic BDC, Inc. | $10.18 | -0.25% | $233M | 825-pillar |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are IPXAF's Key Strengths?
Specialization in high-growth environmental markets.
- Strong track record in sustainable investing.
- Experienced management team with expertise in ESG factors.
- Attractive dividend yield for income-seeking investors.
What Are IPXAF's Weaknesses?
Relatively small market capitalization compared to larger asset managers.
- Geographic concentration in the United Kingdom.
- Dependence on market sentiment towards ESG investments.
- Limited brand recognition outside of its niche market.
What Could Drive IPXAF Stock Higher?
IPXAF catalyst: Increasing investor demand for ESG-focused investments will continue to drive growth in assets under management.
- Expansion into new geographic markets, such as North America and Asia-Pacific, will broaden the company's revenue base.
- Launch of new investment products focused on emerging environmental themes within the next 1-2 years.
- Strategic partnerships and acquisitions will enhance the company's capabilities and market reach.
- Continued focus on institutional investors with ESG mandates will secure larger investment mandates.
What Are the Key Risks for IPXAF?
Increased competition from larger asset managers entering the ESG space could erode market share.
- Market volatility and economic downturns could negatively impact asset values and investor sentiment.
- Changes in government regulations and policies affecting environmental markets could create uncertainty.
- Reputational risks associated with greenwashing or ESG controversies could damage the company's brand.
- Limited liquidity on the OTC market could make it difficult to buy or sell shares.
What Are the Growth Opportunities for IPXAF?
- Expansion into New Geographies: Impax can leverage its expertise in environmental markets to expand its operations beyond the United Kingdom into other regions with growing demand for sustainable investments. This includes North America and Asia-Pacific, where ESG investing is gaining traction. Successfully entering these markets could significantly increase assets under management and revenue streams, with a potential timeline of 3-5 years.
- Development of New Investment Products: Impax can create new investment products focused on emerging environmental themes, such as circular economy, sustainable agriculture, and climate resilience. These innovative products can attract new investors and differentiate Impax from its competitors. The timeline for developing and launching new products is approximately 1-2 years, requiring dedicated research and product development efforts.
- Strategic Partnerships and Acquisitions: Impax can pursue strategic partnerships or acquisitions to expand its capabilities and market reach. Partnering with other asset managers or acquiring smaller firms with complementary expertise can accelerate growth and enhance its product offerings. The timeline for such initiatives varies depending on the specific opportunities, with potential deals taking 6-18 months to materialize.
- Increased Focus on Institutional Investors: Impax can strengthen its relationships with institutional investors, such as pension funds, endowments, and sovereign wealth funds, who are increasingly allocating capital to sustainable investments. By tailoring its investment solutions to meet the specific needs of these investors, Impax can secure larger mandates and increase its assets under management. This strategy requires dedicated sales and marketing efforts over a 2-3 year period.
- Enhancement of ESG Integration and Reporting: Impax can further enhance its ESG integration processes and reporting capabilities to meet the growing demands of investors for transparency and accountability. This includes adopting more rigorous ESG metrics, improving data collection and analysis, and providing detailed reporting on the environmental and social impact of its investments. Implementing these enhancements can take 1-2 years and requires ongoing investment in technology and expertise.
What Are IPXAF's Competitive Advantages?
- Specialization in environmental markets provides a niche focus.
- Established track record in sustainable investing.
- Expertise in alternative energy, water, and waste sectors.
- Strong understanding of ESG factors and their impact on investment performance.
What Does IPXAF Do?
Impax Asset Management Group plc, established in 1998, operates as a publicly owned investment manager. Headquartered in London, the firm focuses on providing investment services to funds that specialize in the environmental markets sector. Its investment portfolio is centered around alternative energy, water, and waste sectors, primarily within the United Kingdom. Impax manages a variety of funds and segregated accounts on behalf of both institutional and private investors, utilizing fundamental analysis in its investment decisions. The company was originally known as Impax Group plc and rebranded to Impax Asset Management Group plc in October 2009, reflecting its core business focus. Impax's investment strategies are designed to capitalize on the growing demand for sustainable solutions and resource efficiency. By focusing on environmental markets, Impax aims to deliver long-term financial returns while contributing to positive environmental outcomes. The firm's commitment to sustainable investing has positioned it as a key player in the asset management industry, attracting investors who prioritize environmental, social, and governance (ESG) factors.
What Products and Services Does IPXAF Offer?
- Provides investment services to funds specializing in environmental markets.
- Focuses on alternative energy, water, and waste sectors.
- Manages funds and segregated accounts for institutional investors.
- Manages funds and segregated accounts for private investors.
- Employs fundamental analysis in its investment decisions.
- Offers investment solutions primarily in the United Kingdom.
How Does IPXAF Make Money?
- Generates revenue through management fees based on assets under management (AUM).
- Offers a range of investment funds and segregated accounts.
- Focuses on environmental markets, attracting investors interested in sustainable investments.
What Industry Does IPXAF Operate In?
Impax Asset Management Group plc operates within the asset management industry, which is experiencing a surge in demand for ESG-focused investments. The global sustainable investment market is estimated to be in the trillions of dollars and is expected to continue growing. Competition includes both large, diversified asset managers and smaller, specialized firms. Impax distinguishes itself through its exclusive focus on environmental markets and its long-standing expertise in this area. The company's success depends on its ability to attract and retain assets under management in a competitive landscape.
Who Are IPXAF's Key Customers?
- Institutional investors seeking ESG-focused investments.
- Private investors interested in environmental markets.
- Pension funds allocating capital to sustainable solutions.
- Endowments and foundations with ESG mandates.
Research confidence
Thin evidence — scoring coverage unknown. Treat this as a starting point, not a conclusion.
- ● Scoring coverage unknown
- ● Price is current
- ● Latest filing 164 days ago
- ● No analyst coverage
- ● Reported in GBP, converted to USD
MoonshotScore History
Recorded daily since 2026-08-23 · 19 snapshots
| 2026-08-23 | 40 |
| 2026-08-26 | 40 |
| 2026-08-29 | 40 |
| 2026-09-01 | 40 |
| 2026-09-04 | 40 |
| 2026-09-07 | 40 |
| 2026-09-10 | 40 |
What changed?
The score has stayed at 40.
Over the same 18 days the stock moved +0.0%.
Earnings Track Record
Impax Asset Management Group plc has missed Wall Street's EPS estimate in 1 of its last 5 reported quarters — a mixed record worth weighing. Reported results have landed about 6.9% above estimates on average.
Financial Health
Impax Asset Management Group plc's Piotroski F-Score is 6/9, a 9-point checklist of profitability, leverage and efficiency — a middling fundamental profile. Its Altman Z-Score of 8.58 places it in the safe zone, indicating low near-term bankruptcy risk.
Key Financial Metrics
Return on equity for Impax Asset Management Group plc stands at 11.9%, a gauge of how efficiently it converts shareholder capital into profit. Return on assets is 10.0%, showing how much profit it generates from its asset base. IPXAF trades at a trailing price-to-earnings ratio of 9.87, below the Financial Services sector average of ~17.50x. Its free cash flow yield is 15.7%, a gauge of the cash the business throws off relative to its market value. A current ratio of 46.93 indicates the company holds enough short-term assets to cover its near-term obligations. Its earnings yield is 10.7%, the inverse of the P/E and a quick read on earnings relative to price.
Impax Asset Management Group plc (IPXAF) Valuation Context
Valued at $170M, IPXAF is classified as a micro-cap stock.
IPXAF Revenue & Earnings Trend
In Q2 FY2026, IPXAF generated $80.9M in top-line revenue, marking a sequential decrease of 8.5%. The company recorded net income of $7.3M, with diluted EPS of $0.06. Revenue has contracted over three consecutive quarters, which investors in this micro-cap Financial Services stock should monitor closely. Across the four most recent quarters, IPXAF averaged $0.12 in diluted EPS.
Company Profile
Impax Asset Management Group plc operates in the Asset Management industry within the Financial Services sector. It is headquartered in London, GB. The company is led by CEO Ian Richard Simm. IPXAF has traded publicly since 2019.
IPXAF Financials
Fundamental Snapshot
Based on FMP financials and quantitative analysis · FY 2025
Bull Case vs Bear Case
Bull Case
- Specialization in high-growth environmental markets.
- Strong track record in sustainable investing.
- Experienced management team with expertise in ESG factors.
- Attractive dividend yield for income-seeking investors.
Bear Case
- Relatively small market capitalization compared to larger asset managers.
- Geographic concentration in the United Kingdom.
- Dependence on market sentiment towards ESG investments.
- Limited brand recognition outside of its niche market.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · March 2026
Recent Quarterly Results
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q2 FY2026 | $81M | $7M | $0.06 |
| Q4 FY2025 | $88M | $10M | $0.08 |
| Q2 FY2025 | $103M | $17M | $0.13 |
| Q4 FY2024 | $114M | $25M | $0.19 |
Q2 FY2026 · filed 31 Mar 2026 · SEC EDGAR →
Based on FMP financials and quantitative analysis · Converted to USD from GBP at today's rate
IPXAF Latest News
No recent news available for IPXAF.
IPXAF Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations collected by Financial Modeling Prep for IPXAF.
Price Targets
Wall Street price target analysis for IPXAF.
IPXAF MoonshotScore
MoonshotScore is Stock Expert AI's proprietary 0-100 research rating, not a buy or sell recommendation. No MoonshotScore is published for IPXAF; grades run from A+ (80-100) to F (below 30).
Leadership: Ian Richard Simm
Managing Director
Ian Richard Simm serves as the Managing Director of Impax Asset Management Group plc, overseeing the management of 315 employees. His career has been dedicated to sustainable and responsible investing, with a focus on environmental markets. Simm's expertise spans investment strategy, portfolio management, and business development. He has been instrumental in shaping Impax's vision and positioning the company as a leader in the sustainable investment space. His leadership is characterized by a commitment to delivering long-term financial returns while contributing to positive environmental outcomes.
Track Record: Under Ian Richard Simm's leadership, Impax Asset Management Group plc has experienced significant growth in assets under management and expanded its product offerings to meet the evolving needs of investors. He has successfully navigated market challenges and maintained a strong focus on ESG integration. Simm's strategic decisions have positioned Impax as a key player in the sustainable investment industry, attracting both institutional and private investors.
IPXAF OTC Market Information
The OTC Other tier represents the lowest tier of the OTC market, indicating that Impax Asset Management Group plc (IPXAF) may not meet the minimum financial standards required for higher tiers like OTCQX or OTCQB. Companies in this tier often have limited reporting requirements and may not be subject to the same level of regulatory oversight as those listed on major exchanges like the NYSE or NASDAQ. This can result in less transparency and potentially higher risks for investors compared to companies on regulated exchanges.
- OTC Tier: OTC Other
- Limited Transparency: OTC Other tier companies often have minimal financial reporting requirements, making it difficult to assess their financial health.
- Liquidity Risk: Low trading volumes and wide bid-ask spreads can make it challenging to buy or sell shares without impacting the price.
- Regulatory Oversight: Reduced regulatory oversight compared to major exchanges increases the risk of fraud or mismanagement.
- Information Asymmetry: Lack of readily available information can create an uneven playing field for investors.
- Delisting Risk: Failure to meet minimum listing standards can result in delisting from the OTC market.
- Verify the company's regulatory filings and financial statements.
- Assess the company's management team and their track record.
- Evaluate the company's business model and competitive landscape.
- Analyze the company's capital structure and debt levels.
- Review the company's legal and compliance history.
- Monitor trading volume and bid-ask spreads for liquidity.
- Consult with a qualified financial advisor.
- Established History: Impax Asset Management Group plc was founded in 1998, indicating a long-standing presence in the asset management industry.
- Specialization: The company's focus on environmental markets provides a clear business purpose and expertise.
- Publicly Owned: As a publicly owned company, Impax is subject to some level of scrutiny and reporting requirements.
- Experienced Leadership: The presence of Ian Richard Simm as Managing Director suggests experienced leadership.
- Dividend Payments: The company's dividend yield of 9.26% may indicate a commitment to returning value to shareholders.
Common Questions About IPXAF (Financial Services)
Is IPXAF a good stock?
Stock Expert AI does not rate IPXAF buy, sell or hold. Impax Asset Management Group plc has no MoonshotScore yet; read the financial checkup, analyst consensus and risks directly. Whether it fits is your call: check what it sells, whether it earns, what the price assumes, and what would prove you wrong.
What do analysts say about IPXAF stock?
Analyst coverage of IPXAF is limited due to its OTC listing and smaller market capitalization. Key valuation metrics include a P/E ratio of 9.87 and a dividend yield of 9.26%.
What are the key factors to evaluate for IPXAF?
Evaluate IPXAF on fundamentals, analyst consensus, and risk factors. P/E: 9.87x vs the S&P 500's ~20-25x. With a P/E ratio of 9.87 and a dividend yield of 9.26%, the company offers potential value and income. Not financial advice.
How frequently does IPXAF data refresh on this page?
IPXAF's price was last updated on Sep 11, 2026 and refreshes on page view during U.S. market hours; the quote is a provider snapshot, not an exchange feed. Fundamentals update after quarterly filings; the MoonshotScore recalculates nightly; news aggregates continuously.
What has driven IPXAF's recent stock price performance?
Impax Asset Management Group plc (IPXAF) moves on earnings results, analyst revisions, sector rotation, and market sentiment. Notable catalyst: Specialization in high-growth environmental markets. See the News tab for the latest drivers. Past performance does not predict future results.
Should investors consider IPXAF overvalued or undervalued right now?
Impax Asset Management Group plc (IPXAF) trades at 9.87x earnings. Compare P/E, P/S, and EV/EBITDA against sector peers for a full view.
Can I buy fractional shares of IPXAF?
Yes, most major brokerages offer fractional shares of Impax Asset Management Group plc (IPXAF) with no minimum purchase requirement. This means you can invest any dollar amount regardless of the share price. Check your brokerage platform for specific terms, fees, and fractional share availability.
How can I track IPXAF's earnings and financial reports?
Impax Asset Management Group plc (IPXAF) reports quarterly earnings approximately 4-6 weeks after each fiscal quarter ends. You can track earnings dates, revenue and EPS estimates, and actual results on this page's Financials tab. Earnings surprises (beats or misses) often cause significant short-term price moves. Your brokerage can send alerts for IPXAF earnings announcements.
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
Data provided for informational purposes only.
- OTC market data may be less reliable than exchange-listed data.
- Analyst coverage may be limited due to the company's size and OTC listing.