IRESS LIMITED (IRE)
Share Price Analysis and Chart

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IRE - IRESS LIMITED

FNArena Sector : Wealth Management & Investments
Year End: December
GICS Industry Group : Software & Services
Debt/EBITDA: 5.58
Index: ASX200 | ASX300 | ALL-ORDS | ALL-TECH

Iress is an Australian financial technology company providing information software products to the global finance industry. Founded in 1993, it listed on the ASX in 2000.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$9.40

21 Nov
2024

0.120

OPEN

$9.35

1.29%

HIGH

$9.43

598,891

LOW

$9.17

TARGET
$10.438 11.0% upside
Franking for last dividend paid out: 0%
OTHER COMPANIES IN THE SAME SECTOR
AEF . AMP . ASX . AVC . BVS . CGF . CVW . ENN . GDC . GDG . GQG . HMC . HUB . IFL . IFT . KAM . KSL . MAF . MFG . MQG . NGI . NWL . PAC . PNI . PPS . PPT . PTM . QAL . RPL . RZI .
FNARENA'S MARKET CONSENSUS FORECASTS
IRE: 1
Title FY22
Actual		 FY23
Actual		 FY24
Forecast		 FY25
Forecast
EPS (cps) xxx - 76.4 38.5 xxx
DPS (cps) xxx 0.0 14.1 xxx
EPS Growth xxx N/A N/A xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A 24.6 xxx
Dividend Yield xxx N/A 1.5% xxx
Div Pay Ratio(%) xxx N/A 36.6% xxx

Dividend yield today if purchased 3 years ago: 0.00%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 0.00

Estimated Dividend Growth
(Average Of Past Three Years)

  %

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages

Last ex-div: 23/02 - ex-div 30c (franking 0%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 201820192020202120222023
EPS Basic xxxxxxxxxxxxxxx-76.4
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx625.7 M
Book Value Per Share xxxxxxxxxxxxxxx150.8
Net Operating Cash Flow xxxxxxxxxxxxxxx63.7 M
Net Profit Margin xxxxxxxxxxxxxxx-21.97 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201820192020202120222023
Return on Capital Employed xxxxxxxxxxxxxxx-38.96 %
Return on Invested Capital xxxxxxxxxxxxxxx-17.60 %
Return on Assets xxxxxxxxxxxxxxx-15.34 %
Return on Equity xxxxxxxxxxxxxxx-38.96 %
Return on Total Capital xxxxxxxxxxxxxxx3.11 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx2.9 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 201820192020202120222023
Short-Term Debt xxxxxxxxxxxxxxx14 M
Long Term Debt xxxxxxxxxxxxxxx409 M
Total Debt xxxxxxxxxxxxxxx423 M
Goodwill - Gross xxxxxxxxxxxxxxx481 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx44 M
Price To Book Value xxxxxxxxxxxxxxx5.40

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201820192020202120222023
Capex xxxxxxxxxxxxxxx19.4 M
Capex % of Sales xxxxxxxxxxxxxxx3.10 %
Cost of Goods Sold xxxxxxxxxxxxxxx529 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx72 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx0 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.1

No. Of Recommendations

4
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Ord Minnett

xx/xx/xxxx

2

xxxxxxxxxx

$xx.xx

xx.xx%

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Shaw and Partners

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Morgans

20/08/2024

3

Hold

$11.20

19.15%

Iress reported first half adjusted earnings up 52% year on year, at the top end of recent guidance. While the previous "exit run-rate" guidance is no longer being provided, Morgans expects second half drivers should see the upper end of guidance achievable.

With Mortgage, Sales & Originations divested, debt has fallen and Iress will reinstate the dividend in Feb-25. The balance sheet now provides optionality, the broker notes.

Overall, Morgans remains positive given improved product investment; further earnings improvement to come, the potential to further realise value from underperforming or valued assets, and "realistic corporate appeal".

Hold retained on fair value, target rises to $11.20 from $10.74.

FORECAST
Morgans forecasts a full year FY24 dividend of 9.00 cents and EPS of 34.00 cents.
Morgans forecasts a full year FY25 dividend of 17.00 cents and EPS of 39.00 cents.

Macquarie

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Login above or Get a Free Trial
Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

1

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Wilsons

31/07/2024

3

Market Weight

$10.26

9.15%

Iress has raised June-half guidance to reflect strong cost controls and transformation windfalls, sharply outpacing Wilsons' forecasts.

The broker observes sector mergers and acquisitions are heating up and considers Iress to be an attractive target and says rumours are circulating.

Market Weight rating retained, the broker awaiting for revenue improvements to join the strong cost story. Target price rises to $10.26 from $9.17.

FORECAST
Wilsons forecasts a full year FY24 dividend of 0.00 cents and EPS of 41.00 cents.
Wilsons forecasts a full year FY25 dividend of 30.00 cents and EPS of 47.20 cents.
Access Extra Coverage Research History >

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