IGL is Australia's leading integrated marketing business that does everything from designing a marketing campaign, to print and communications, in-store merchandise & retail display to digital and customer experience. Increased demand for print and branded packaging, along with operational efficiencies, is driving stable earnings and supporting margin expansion, with diversification into digital and sustainable services strengthening client retention and capturing new markets.
Cyborg Score Rationale
IGL trades on an estimated 1-year forward PE of just 7.8x with a forecast yield of 8.7% fully franked, benefiting from strong earnings growth due to synergies from the Ovato acquisition and full-year contributions from the Jak Pak acquisition. However, limited analyst coverage and modest growth trajectory in a traditional print/marketing segment create mixed outlook.
Top Insights
FY25 expected to see strong earnings growth due to full year of synergies from Ovato acquisition (2022) and full 12 months from Jak Pak acquisition (2023)
Strategic acquisitions and expansion plans in packaging and content expected to significantly enhance revenue capacity and market share
Serves diverse industry sectors including financial services, publishing, retail, communications, property, clubs and associations, not-for-profit, utilities, manufacturing, education, and government
Valuation compelling with forward PE of 7.8x and fully franked yield of 8.7% over 12 months
Named Competitors
Print & Marketing Services — Fragmented competitive landscape with local and regional print/marketing operators
Digital Marketing Agencies — Compete on digital and content creation services
Integrated Communications — Full-service marketing and communications providers
Recent Developments
(February 2026) Share price trading at AUD 2.87-2.88 with market cap of AUD 442m
(November 2025) Strong first-half FY25 result with revenue growth and upgraded guidance
(2023) Acquisition of Jak Pak to expand packaging capabilities
(2022) Strategic acquisition of Ovato printing assets from administrators
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