IDP EDUCATION LIMITED (IEL)
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IEL - IDP EDUCATION LIMITED

FNArena Sector : Education & Tuition
Year End: June
GICS Industry Group : NONE
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

$20.41

22 Jan
2021

-0.250

OPEN

$20.58

-1.21%

HIGH

$20.83

435,148

LOW

$20.38

TARGET
$22.664 11.0% upside
OTHER COMPANIES IN THE SAME SECTOR
3PL . RCL . RDH . JAN .
MARKET CONSENSUS FORECAST
IEL: 1
Title FY19
Actual
FY20
Actual
FY21
Forecast
FY22
Forecast
EPS (cps) xxx 26.1 16.7 xxx
DPS (cps) xxx 16.5 4.0 xxx
EPS Growth xxx - 0.5% - 36.2% xxx
DPS Growth xxx - 15.4% - 75.8% xxx
PE Ratio xxx N/A 122.5 xxx
Dividend Yield xxx N/A 0.2% xxx
Div Pay Ratio(%) xxx 63.1% 24.0% xxx

Dividend yield today if purchased 3 years ago: 2.65%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

0.81

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: 05/03 - 16.5c (17%)

EXPERT VIEWS
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Sentiment Indicator

1.0

No. Of Recommendations

5
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Morgan Stanley

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Morgans

xx/xx/xxxx

1

xxxxxxx xx xxx xxxx xxxx

$xx.xx

xx.xx%

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Macquarie

21/08/2020

1

Outperform

$21.95

7.55%

IDP Education reported ahead of consensus. At a time of border closures, the highlight for the broker is inventory of 82,000 applicants intending to go destinations for study when they can, compared to 51,000 placements in FY20. This implies a pull-forward of market share gains and pent-up demand ahead of restrictions easing.

Of course we don't know when that might be, but the broker's base case is for cash breakeven in the first half FY21. The broker retains Outperform, acknowledging short term uncertainty but benefits from digital investment and higher returns once the clouds part. Target rises to $21.95 from $15.05.

UBS

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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IEL STOCK CHART