IRESS LIMITED (IRE)
Share Price Analysis and Chart

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IRE - IRESS LIMITED

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

$7.78

12 Apr
2024

-0.070

OPEN

$7.83

-0.89%

HIGH

$7.93

503,772

LOW

$7.74

TARGET
$8.763 12.6% upside
Franking for last dividend paid out: 0%
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FNARENA'S MARKET CONSENSUS FORECASTS
IRE: 1
Title FY22
Actual
FY23
Actual
FY24
Forecast
FY25
Forecast
EPS (cps) xxx N/A 26.2 xxx
DPS (cps) xxx N/A 7.5 xxx
EPS Growth xxx N/A N/A xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A 29.7 xxx
Dividend Yield xxx N/A 1.0% xxx
Div Pay Ratio(%) xxx N/A 28.7% 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 xxxxxxxxxxxxxxx-

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.5

No. Of Recommendations

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

Shaw and Partners

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Morgans

xx/xx/xxxx

3

xxxxxxxxx xx xxxx xxxx xxx

$xx.xx

xx.xx%

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Macquarie

22/02/2024

1

Outperform

$8.55

9.90%

Iress has upgraded underlying earnings guidance but this is more than offset, Macquarie notes, by non-recurring items and increased capex, leading the broker to suggest "when an upgrade is a downgrade".

Segment reporting has improved, the broker notes, but still some elements of uncertainty remain with non-recurring costs and items below the earnings and profit lines.

Software capex is expected to increase to 5-7% of revenue from 2-3% over the next 2-3 years, which  will add  some $20-25m to the
current capex profile and impacts Macquarie's valuation.

Deleveraging is still a priority, and management continues to expect the Platforms business to be sold. Target rises to $8.55 from $8.35 on reduced net debt, Neutral retained.

FORECAST
Macquarie forecasts a full year FY24 dividend of 0.00 cents and EPS of 30.40 cents.
Macquarie forecasts a full year FY25 dividend of 31.00 cents and EPS of 38.60 cents.

Ord Minnett

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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IRE STOCK CHART