IPH LIMITED (IPH)
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IPH

IPH - IPH LIMITED

FNArena Sector : Legal
Year End: June
GICS Industry Group : Commercial & Professional Services
Debt/EBITDA: 2.11
Index: ASX300 | ALL-ORDS

IPH Ltd is Australia's largest intellectual property services company providing protection, commercialisation and management of intellectual property. It has been a listed company since 2014.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$3.64

24 Aug
2026

0.040

OPEN

$3.61

1.11%

HIGH

$3.72

2,204,434

LOW

$3.58

TARGET
$4.15 14.0% upside
Franking for last dividend paid out: 30%
OTHER COMPANIES IN THE SAME SECTOR
SHJ .
FNARENA'S MARKET CONSENSUS FORECASTS
IPH: 1
Title FY25
Actual		 FY26
Actual		 FY27
Forecast		 FY28
Forecast
EPS (cps) xxx 30.9 46.4 xxx
DPS (cps) xxx 38.5 38.3 xxx
EPS Growth xxx 19.7% 49.8% xxx
DPS Growth xxx 5.5% - 0.6% xxx
PE Ratio xxx N/A 7.9 xxx
Dividend Yield xxx N/A 10.4% xxx
Div Pay Ratio(%) xxx 124.4% 82.5% xxx

Dividend yield today if purchased 3 years ago: 5.06%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 10.49

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: 26/02 - ex-div 19.00c (franking 20%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 FactSet UK Limited. All rights reserved
Title 202120222023202420252026
EPS Basic 24.824.128.625.125.930.9
DPS All 29.530.533.035.036.538.5
Sales/Revenue 359.7 M374.3 M482.9 M605.6 M706.2 M710.4 M
Book Value Per Share 197.3197.6247.4257.4269.5243.9
Net Operating Cash Flow 92.6 M94.9 M91.8 M131.9 M133.7 M150.5 M
Net Profit Margin 14.90 %14.04 %13.37 %10.04 %9.74 %11.32 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202120222023202420252026
Return on Capital Employed 12.62 %12.27 %12.82 %10.04 %10.32 %12.17 %
Return on Invested Capital 8.99 %9.10 %8.13 %5.72 %6.05 %7.36 %
Return on Assets 7.58 %7.71 %6.85 %4.84 %5.17 %6.28 %
Return on Equity 12.62 %12.27 %12.82 %10.04 %10.32 %12.17 %
Return on Total Capital 12.99 %13.58 %13.80 %11.94 %10.67 %11.80 %
Free Cash Flow ex dividends 40.9 M32.4 M32.1 M64.6 M34.3 M48.7 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 202120222023202420252026
Short-Term Debt 10 M12 M10 M10 M12 M11 M
Long Term Debt 149 M150 M432 M482 M458 M405 M
Total Debt 159 M161 M441 M492 M470 M416 M
Goodwill - Gross 296 M300 M508 M594 M644 M607 M
Cash & Equivalents - Generic 71 M88 M103 M76 M59 M60 M
Price To Book Value 3.954.133.172.441.701.58

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202120222023202420252026
Capex 6.2 M7.2 M6.9 M11.0 M7.9 M2.9 M
Capex % of Sales 1.72 %1.92 %1.43 %1.82 %1.12 %0.41 %
Cost of Goods Sold ------
Selling, General & Admin. Exp & Other 243 M255 M318 M413 M512 M513 M
Research & Development ------
Investments - Total 0 M0 M6 M2 M0 M0 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

0.5

No. Of Recommendations

2
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Morgans

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
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Macquarie

21/08/2026

3

Neutral

$3.65

0.27%

IPH delivered modest FY26 profit growth, Macquarie notes, despite weak activity and FX headwinds impacting revenue growth and profitability. Highlights were the performance in Canada, corporate cost performance and capital management.

The A&NZ segment's underlying earnings were down -7.2% and it continues to be impacted by the decline in US Patent Cooperation Treaty (PCT) applications with IPH member firms disproportionately affected by their larger exposure to US clients relative to the market.

The corporate segment and capital management supported the overall result, Macquarie notes. Modest organic earnings growth and weak US PCT activity drag on the outlook.

Target falls to $3.65 from $3.74, Neutral retained.

FORECAST
Macquarie forecasts a full year FY27 dividend of 37.50 cents and EPS of 45.70 cents.
Macquarie forecasts a full year FY28 dividend of 39.00 cents and EPS of 47.60 cents.
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EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

2

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

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
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Jarden

24/08/2026

2

Overweight

$4.60

26.37%

IPH Ltd delivered second-half FY26 EBITDA that came in -5% below consensus expectations, whereas net profit after tax matched consensus.

Australia and New Zealand like-for-like revenues declined -2% in the second half, demonstrating an improving trend compared to previous periods.

Key pressures weighing on the share price included slower revenue growth in Asia during the second half, concerns regarding backlog unwinds in Canada, and a higher foreign exchange rate.

Despite still seeing the organic growth outlook as challenging, Jarden retains an Overweight rating on valuation grounds at an 8x price-to-earnings multiple, while lifting the target price to $4.60 from $4.40.

FORECAST
Jarden forecasts a full year FY27 dividend of 32.00 cents and EPS of 35.00 cents.
Jarden forecasts a full year FY28 dividend of 34.00 cents and EPS of 38.00 cents.
Access Extra Coverage Research History >

IPH STOCK CHART

FNArena News on IPH

1
Rudi’s View: August Delivers Soft Guidance, Higher Dividends

10:00 AM - Rudi's View
2
Australian Broker Call *Extra* Edition – Aug 25, 2026

Aug 25 2026 - Daily Market Reports
3
Australian Broker Call *Extra* Edition – Aug 24, 2026

Aug 24 2026 - Daily Market Reports
4
FNArena Corporate Results Monitor – 21-08-2026

Aug 21 2026 - Australia
5
Next Week At A Glance – 6-10 Jul 2026

Jul 03 2026 - Weekly Reports

Latest Legal News

1
IPH Ready For Further Expansion

Oct 11 2022 - Small Caps
2
IPH Ltd’s Growth Plans Undaunted

Sep 08 2020 - Australia
3
Treasure Chest: Class Actions Entice Shine Corporate

Mar 27 2019 - Treasure Chest
4
Confidence Grows In IPH

Aug 20 2018 - Australia
5
Brokers Take Knife To Xenith IP

Oct 16 2017 - Small Caps
6
IPH Expands NZ Presence

Oct 12 2017 - Small Caps
7
Wait For Buying Opportunity In JB Hi-Fi

Oct 11 2016 - Technicals
8
Growth Opportunities Abound For Xenith

Sep 01 2016 - Small Caps
9
IPH Advancing On Acquisition Targets

Aug 22 2016 - Australia
10
Opportunity In IPH

Jun 14 2016 - Technicals