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: 1.38

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
$5.63 10 Sep 2026	-0.010 OPEN $5.60	-0.18% HIGH $5.66	1,512,363 LOW $5.54

LAST PRICE

CHANGE +/-

CHANGE %

VOLUME

$5.63

10 Sep
2026

-0.010

OPEN

$5.60

-0.18%

HIGH

$5.66

1,512,363

LOW

$5.54

TARGET

$9.557

69.7% upside

Franking for last dividend paid out: 100%

OTHER COMPANIES IN THE SAME SECTOR
AEF . AMP . ASX . BVS . CGF . DJW . GDG . GQG . HMC . HUB . IFT . KAM . KSL . MAF . MFG . MQG . NGI . NWL . PAC . PNI . PPS . PPT . QAL . RPL . RZI . WHF .

FNARENA'S MARKET CONSENSUS FORECASTS

Title	FY24 Actual	FY25 Actual	FY26 Forecast	FY27 Forecast
EPS (cps)	xxx	42.6	43.2	xxx
DPS (cps)	xxx	24.0	29.3	xxx
EPS Growth	xxx	- 11.1%	1.2%	xxx
DPS Growth	xxx	100.0%	22.2%	xxx
PE Ratio	xxx	N/A	13.1	xxx
Dividend Yield	xxx	N/A	5.2%	xxx
Div Pay Ratio(%)	xxx	56.3%	68.0%	xxx

Dividend yield today if purchased 3 years ago: 3.72%

Last ex-div: 28/08 - ex-div 14.00c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD

Copyright © 2026 FactSet UK Limited. All rights reserved

Title	2020	2021	2022	2023	2024	2025
EPS Basic	xxx	xxx	xxx	xxx	xxx	42.6
DPS All	xxx	xxx	xxx	xxx	xxx	24.0
Sales/Revenue	xxx	xxx	xxx	xxx	xxx	556.3 M
Book Value Per Share	xxx	xxx	xxx	xxx	xxx	227.6
Net Operating Cash Flow	xxx	xxx	xxx	xxx	xxx	62.6 M
Net Profit Margin	xxx	xxx	xxx	xxx	xxx	14.25 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title	2020	2021	2022	2023	2024	2025
Return on Capital Employed	xxx	xxx	xxx	xxx	xxx	19.78 %
Return on Invested Capital	xxx	xxx	xxx	xxx	xxx	14.15 %
Return on Assets	xxx	xxx	xxx	xxx	xxx	11.32 %
Return on Equity	xxx	xxx	xxx	xxx	xxx	19.78 %
Return on Total Capital	xxx	xxx	xxx	xxx	xxx	15.27 %
Free Cash Flow ex dividends	xxx	xxx	xxx	xxx	xxx	10.4 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	2020	2021	2022	2023	2024	2025
Short-Term Debt	xxx	xxx	xxx	xxx	xxx	11 M
Long Term Debt	xxx	xxx	xxx	xxx	xxx	153 M
Total Debt	xxx	xxx	xxx	xxx	xxx	164 M
Goodwill - Gross	xxx	xxx	xxx	xxx	xxx	411 M
Cash & Equivalents - Generic	xxx	xxx	xxx	xxx	xxx	55 M
Price To Book Value	xxx	xxx	xxx	xxx	xxx	3.73

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title	2020	2021	2022	2023	2024	2025
Capex	xxx	xxx	xxx	xxx	xxx	40.3 M
Capex % of Sales	xxx	xxx	xxx	xxx	xxx	7.25 %
Cost of Goods Sold	xxx	xxx	xxx	xxx	xxx	408 M
Selling, General & Admin. Exp & Other	xxx	xxx	xxx	xxx	xxx	57 M
Research & Development	xxx	xxx	xxx	xxx	xxx	-
Investments - Total	xxx	xxx	xxx	xxx	xxx	0 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
EXTRA COVERAGE

EXPERT VIEWS

Display All Commentary

Sentiment Indicator

1.0

No. Of Recommendations

BROKER	DATE	RATING	RECOMMENDATION	TARGET PRICE	% TO REACH TARGET	COMMENTARY
Ord Minnett	xx/xx/xxxx	1	xxx	$xx.xx	xx.xx%	Broker commentary and detailed analysis is available for Full Members Only. Login above or Get a Free Trial
Morgans	18/08/2026	1	Buy	$9.65	71.40%	First-half FY26 results for Iress were softer than expected by Morgans, with weaker revenue momentum and currency headwinds offset by improving cost efficiency. Revenue and underlying earnings (EBITDA) missed the broker's forecasts by -2% and -4%, respectively, though the underlying earnings margin improved 330bps as cost savings flowed through. FY26 revenue and underlying profit guidance was lowered, but cash EBITDA guidance increased to $119m-$124m, supported by further cost savings and lower capex, the analyst explains. The broker lowers its FY26-FY28 underlying profit forecasts by -2%-6%, while believing the broader efficiency and modernisation strategy remains on track. Target falls to $9.65 from $10.35. Buy rating maintained. FORECAST Morgans forecasts a full year FY26 dividend of 28.00 cents and EPS of 44.00 cents. Morgans forecasts a full year FY27 dividend of 31.00 cents and EPS of 47.00 cents.
Macquarie	xx/xx/xxxx	1	xxxxxxxxxx	$xx.xx	xx.xx%	Broker commentary and detailed analysis is available for Full Members Only. Login above or Get a Free Trial

BROKER

DATE

RATING

RECOMMENDATION

TARGET PRICE

% TO REACH TARGET

COMMENTARY

Ord Minnett

xx/xx/xxxx

xxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Morgans

18/08/2026

Buy

$9.65

71.40%

First-half FY26 results for Iress were softer than expected by Morgans, with weaker revenue momentum and currency headwinds offset by improving cost efficiency.

Revenue and underlying earnings (EBITDA) missed the broker's forecasts by -2% and -4%, respectively, though the underlying earnings margin improved 330bps as cost savings flowed through.

FY26 revenue and underlying profit guidance was lowered, but cash EBITDA guidance increased to $119m-$124m, supported by further cost savings and lower capex, the analyst explains.

The broker lowers its FY26-FY28 underlying profit forecasts by -2%-6%, while believing the broader efficiency and modernisation strategy remains on track. Target falls to $9.65 from $10.35. Buy rating maintained.

FORECAST
Morgans forecasts a full year FY26 dividend of 28.00 cents and EPS of 44.00 cents.
Morgans forecasts a full year FY27 dividend of 31.00 cents and EPS of 47.00 cents.

Macquarie

xx/xx/xxxx

xxxxxxxxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Access Stockbroker Research History >

EXTRA COVERAGE

Display All Commentary

No. Of Recommendations

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
Canaccord Genuity	05/03/2026	1	Buy	$11.52	104.62%	Canaccord Genuity retains a Buy rating on Iress and lowers the target price to $10.72 from $11.52 post interim results Revenue increased 6.5% on the prior year, due to growth in UK Wealth and Sourcing, while adjusted EBITDA rose 15% with margins expanding by 1.9 percentage points following cost reductions and price increases. Underlying NPAT exceeded broker and consensus expectations by around 6–8%, supported by stronger operating performance and lower depreciation charges. FY26 guidance implies revenue of $520–528m, cash EBITDA of $116–123m and underlying NPAT of $84–90m, representing mid-teen earnings growth and a cash EBITDA exit run-rate of at least 25%, commentary highlights. FORECAST Canaccord Genuity forecasts a full year FY26 EPS of 43.00 cents. Canaccord Genuity forecasts a full year FY27 EPS of 51.00 cents.

BROKER

DATE

RATING

RECOMMENDATION

TARGET PRICE

% TO REACH TARGET

COMMENTARY

Canaccord Genuity

05/03/2026

Buy

$11.52

104.62%

Canaccord Genuity retains a Buy rating on Iress and lowers the target price to $10.72 from $11.52 post interim results

Revenue increased 6.5% on the prior year, due to growth in UK Wealth and Sourcing, while adjusted EBITDA rose 15% with margins expanding by 1.9 percentage points following cost reductions and price increases.

Underlying NPAT exceeded broker and consensus expectations by around 6–8%, supported by stronger operating performance and lower depreciation charges.

FY26 guidance implies revenue of $520–528m, cash EBITDA of $116–123m and underlying NPAT of $84–90m, representing mid-teen earnings growth and a cash EBITDA exit run-rate of at least 25%, commentary highlights.

FORECAST
Canaccord Genuity forecasts a full year FY26 EPS of 43.00 cents.
Canaccord Genuity forecasts a full year FY27 EPS of 51.00 cents.

Access Extra Coverage Research History >

IRE STOCK CHART

FNArena News on IRE

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4	Rudi’s View: When Aussie Companies Move Overseas Jun 17 2026 - Rudi's View

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3	Weekly Update On LICs & LITs – 01-Sep-2026 Sep 01 2026 - Weekly Reports

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5	Weekly Update On LICs & LITs – 18-Aug-2026 Aug 18 2026 - Weekly Reports

6	Pinnacle’s FY26 ‘Messy’ But Positive Aug 07 2026 - Australia

7	Weekly Update On LICs & LITs – 04-Aug-2026 Aug 04 2026 - Weekly Reports

8	Monthly Listed Investment Trust Report – Jul 2026 Aug 03 2026 - Australia

9	AI To Transform Asset Management Jul 29 2026 - International

10	Weekly Update On LICs & LITs – 28-Jul-2026 Jul 28 2026 - Weekly Reports

Dividend Yield Today On Last Actual Payout :	4.26
Estimated Dividend Growth (Average Of Past Three Years)	%
Amount Invested	$
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IRESS LIMITED (IRE)
Share Price Analysis and Chart