IDP EDUCATION LIMITED (IEL)
Share Price Analysis and Chart

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IEL - IDP EDUCATION LIMITED

FNArena Sector : Education & Tuition
Year End: June
GICS Industry Group : Consumer Services
Debt/EBITDA: 1.19
Index: ASX100 | ASX200 | ASX300 | ALL-ORDS

IDP Education is an international organisation offering student placements in Australia, New Zealand, the UK and North America. It has been listed since 2015 when 50% shareholder Seek sold out. Seek had become a 50% shareholder in 2006. Today, 40% of the equity is owned by 38 Australian universities, of whom a majority is looking to sell.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$23.02

05 Dec
2023

-0.180

OPEN

$22.99

-0.78%

HIGH

$23.20

650,176

LOW

$22.74

TARGET
$27.842 20.9% upside
Franking for last dividend paid out: 17%
OTHER COMPANIES IN THE SAME SECTOR
3PL . CLU . EVO . JAN . KED . NXD . OLL . RCL .
FNARENA'S MARKET CONSENSUS FORECASTS
IEL: 1
Title FY22
Actual		 FY23
Actual		 FY24
Forecast		 FY25
Forecast
EPS (cps) xxx 53.4 63.3 xxx
DPS (cps) xxx 41.0 45.6 xxx
EPS Growth xxx 44.8% 18.7% xxx
DPS Growth xxx 51.9% 11.2% xxx
PE Ratio xxx N/A 37.3 xxx
Dividend Yield xxx N/A 1.9% xxx
Div Pay Ratio(%) xxx 76.8% 72.0% xxx

Dividend yield today if purchased 3 years ago: 1.92%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 1.74

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: 04/09 - ex-div 20c (franking 17%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2023 FactSet UK Limited. All rights reserved
Title 201820192020202120222023
EPS Basic xxxxxxxxxxxxxxx53.4
DPS All xxxxxxxxxxxxxxx41.0
Sales/Revenue xxxxxxxxxxxxxxx977.8 M
Book Value Per Share xxxxxxxxxxxxxxx186.1
Net Operating Cash Flow xxxxxxxxxxxxxxx170.3 M
Net Profit Margin xxxxxxxxxxxxxxx15.19 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201820192020202120222023
Return on Capital Employed xxxxxxxxxxxxxxx30.53 %
Return on Invested Capital xxxxxxxxxxxxxxx19.60 %
Return on Assets xxxxxxxxxxxxxxx13.45 %
Return on Equity xxxxxxxxxxxxxxx30.53 %
Return on Total Capital xxxxxxxxxxxxxxx29.17 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx35.3 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 xxxxxxxxxxxxxxx25 M
Long Term Debt xxxxxxxxxxxxxxx305 M
Total Debt xxxxxxxxxxxxxxx330 M
Goodwill - Gross xxxxxxxxxxxxxxx260 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx167 M
Price To Book Value xxxxxxxxxxxxxxx11.88

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201820192020202120222023
Capex xxxxxxxxxxxxxxx38.9 M
Capex % of Sales xxxxxxxxxxxxxxx3.98 %
Cost of Goods Sold xxxxxxxxxxxxxxx603 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx147 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx9 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

0.7

No. Of Recommendations

6
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Bell Potter

xx/xx/xxxx

1

xxxxxxx xx xxx xxxx xxxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

3

xxxxxxx xx xxxxxxx xxxx xxxxxxxxxxxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Morgans

24/08/2023

1

Upgrade to Add from Hold

$27.90

21.20%

IDP Education's FY23 results were in line with Morgans expectations with softer 2H IELTS volumes offset by stronger Australian student placement (SP). It's thought SP will continue to drive strong compound growth to FY26.

Second half IELTS volumes were impacted by a market issue in Canada, stemming from visa delays, and some heightened competition, note the analysts.

Leads, Applications and Enrolments grew by 26%, 40% and 53%, respectively for SP in FY23. The broker explains system growth remained solid across all jurisdictions and the company's Fastlane technology enabled market share gains, primarily in Australia.

The rating is upgraded to Add from Hold and the target rises to $27.90 from $27.70.

FORECAST
Morgans forecasts a full year FY24 dividend of 46.00 cents and EPS of 63.17 cents.
Morgans forecasts a full year FY25 dividend of 55.00 cents and EPS of 75.19 cents.

UBS

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Morgan Stanley

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Access Stockbroker Research History >

IEL STOCK CHART

FNArena News on IEL

1
Rudi’s View: Bear&Bull Market To Continue (?) In 2024

Dec 06 2023 - Rudi's View
2
Weekly Ratings, Targets, Forecast Changes – 01-12-23

Dec 04 2023 - Weekly Reports
3
Rudi’s View: All-Weather Portfolio In 2023

Nov 29 2023 - Rudi's View
4
Australian Broker Call *Extra* Edition – Nov 08, 2023

Nov 08 2023 - Daily Market Reports
5
Rudi’s View: Outlook 2024, Is History Our Guide?

Nov 08 2023 - Rudi's View

Latest Education & Tuition News

1
IDP Education Shifts Into Fastlane Acceleration

Aug 31 2023 - Australia
2
Treasure Chest: IDP Education

Jul 10 2023 - Treasure Chest
3
IDP Education Suffers Flesh Wound In Canada

May 30 2023 - Australia
4
Innovation And Structural Growth Driving IDP Education

May 22 2023 - Australia
5
Growth for IDP Education With New Intake

Sep 26 2022 - Australia
6
Treasure Chest: Trend Up For IDP Education

Jul 14 2022 - Treasure Chest
7
Treasure Chest: Janison Education Looks Poised

Jul 13 2022 - Treasure Chest
8
Back To E-School

Mar 07 2022 - Small Caps
9
Open Borders Open Opportunity For IDP Education

Feb 14 2022 - Australia
10
Treasure Chest: IDP Education To Dominate?

Oct 11 2021 - Treasure Chest