ASX All Ords share IPD Group Ltd (ASX: IPG) has amply rewarded investors who bought the stock at multi-year lows in June.
On Wednesday, shares in the electrical equipment and industrial digital technologies provider closed up 0.2% at $4.54 apiece. For some context, the All Ordinaries Index (ASX: XAO) closed down 0.5% on Wednesday.
This now sees the IPD share price up a healthy 22.0% over the past 12 months.
But if you'd followed Warren Buffett's advice to be greedy when others are fearful and bought the ASX All Ords share at its multi-year lows on 23 June, you could have picked it up for just $2.80.
That would see you sitting on a gain of 62.1% as of Wednesday's close.
While those gains have come and gone, the analysts at Taylor Collison expect more outperformance from IPD shares in the year ahead.
Here's why.
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Should you buy the ASX All Ords share today?
IPD shares grabbed plenty of investor attention, and closed up 4.3%, on 30 December after the company announced it was acquiring Platinum Cables. Platinum Cables provides cable solutions for the Australian mining and resources sector.
As we reported on the day, the ASX All Ords share will pay $37.5 million to acquire Platinum Cables. IPD said this equates to 5.2 times Platinum Cables' FY 2025 earnings before interest and tax (EBIT).
"The acquisition of Platinum Cables is a continuation of our growth strategy that reinforces our leadership in the mining sector and delivers immediate earnings accretion for shareholders," IPD CEO Michael Sainsbury said on the day.
And the team at Taylor Collison agree.
According to the broker:
We really like this deal. We think IPD are paying a fair price for a growing, niche operation with a reputation and record that insulates it from the price-based competition. Platinum extends the product portfolio, diversifies end markets, and offers a leg-up into emerging growth segments.
Taylor Collison also highlighted the ongoing revenue potential from repair and maintenance.
"Platinum's cables must withstand harsh environments, are essential to production and require replacement due to wear and tear," the broker said. "Maintenance and repair can approach two-thirds of revenue in years without major project supply."
And Taylor Collison expects the ASX All Ords share will benefit from plenty of sales synergies.
The broker noted:
Platinum's cables connect to plugs, switchgear, VSDs and control systems in IPD's catalogue. Engineering capabilities can potentially engage IPD earlier in the specification phase for projects, increasing the potential for other IPD products to be specified into tenders.
With this picture in mind, Taylor Collison increased it FY 2026 earnings per share (EPS) estimate for IPD by 6%, while lifting its FY 2027 EPS estimate by 12.5%.
"We are also modelling accelerating sales growth in FY 2028 as sales synergies start to translate into project wins," the broker said.
Connecting the dots, Taylor Collison maintained its buy rating on the ASX All Ords share with an increased price target of $5.40.
That represents a potential upside of 18.9% from Wednesday's closing price.
