Added to YB: 2025-12-17
Pitch date: 2025-12-15
INPP.L [bullish]
International Public Partnerships Limited
-0.31%
current return
Author Info
Company Info
International Public Partnerships Limited specializes in investments in broader infrastructure sector with a focus on public or social infrastructure.
Market Cap
GBP 2.3B
Pitch Price
GBP 1.27
Price Target
N/A
Dividend
6.78%
EV/EBITDA
N/A
P/E
18.82
EV/Sales
14.23
Sector
Capital Markets
Category
value
Secured by the State: International Public Partnerships
INPP.L: UK infrastructure fund w/ 73% UK assets, govt-backed inflation-linked contracts. Trading 0.85x book vs historic 1.1x premium after £290M writedowns. 9% discount rate at highs creates 15% discount to safe 9% IRR assets. Rerating likely as rates normalize or inflation stays elevated (only 2.5% in valuations). Key risk: higher rates from inflation shock.
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