IPH LIMITED (IPH)
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IPH - IPH LIMITED

FNArena Sector : Legal
Year End: June
GICS Industry Group : Commercial & Professional Services
Index: ASX200 | 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

$7.90

18 May
2022

0.020

OPEN

$7.80

0.25%

HIGH

$8.02

393,307

LOW

$7.76

TARGET
$9.61 21.6% upside
Franking for last dividend paid out: 40%
OTHER COMPANIES IN THE SAME SECTOR
SGH . SHJ . QIP .
FNARENA'S MARKET CONSENSUS FORECASTS
IPH: 1
Title FY20
Actual
FY21
Actual
FY22
Forecast
FY23
Forecast
EPS (cps) xxx 24.8 38.9 xxx
DPS (cps) xxx 29.5 31.5 xxx
EPS Growth xxx - 4.1% 56.9% xxx
DPS Growth xxx 3.5% 6.8% xxx
PE Ratio xxx N/A 20.4 xxx
Dividend Yield xxx N/A 4.0% xxx
Div Pay Ratio(%) xxx 119.0% 81.0% xxx

Dividend yield today if purchased 3 years ago: 4.13%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

3.72

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: 22/02 - ex-div 14.5c (franking 40%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2022 FactSet UK Limited. All rights reserved
Title 201620172018201920202021
EPS Basic xxxxxxxxxxxxxxx24.8
DPS All xxxxxxxxxxxxxxx29.5
Sales/Revenue xxxxxxxxxxxxxxx359.7 M
Book Value Per Share xxxxxxxxxxxxxxx197.3
Net Operating Cash Flow xxxxxxxxxxxxxxx92.6 M
Net Profit Margin xxxxxxxxxxxxxxx14.90 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201620172018201920202021
Return on Capital Employed xxxxxxxxxxxxxxx12.62 %
Return on Invested Capital xxxxxxxxxxxxxxx8.99 %
Return on Assets xxxxxxxxxxxxxxx7.58 %
Return on Equity xxxxxxxxxxxxxxx12.62 %
Return on Total Capital xxxxxxxxxxxxxxx12.99 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx40.9 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

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EXPERT VIEWS
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Sentiment Indicator

1.0

No. Of Recommendations

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

Morgans

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Macquarie

18/02/2022

1

Outperform

$9.70

22.78%

IPH delivered first half earnings of $68.3m, up 10.7% on the previous comparable period, driven by organic earnings growth of 10% in Asia and 5% in Australia & New Zealand. The result drives a 5% and 4% earnings per share upgrade in FY22 and FY23 from Macquarie. 

Patent filing momentum continues in Asia, and the region excluding Singapore reported 16.2% filing growth in the half. The company continues to explore merger and acquisition opportunity outside Australia, which could offer further upside potential to forecasts. 

The Outperform rating is retained and the target price increases to $9.70 from $9.60.

FORECAST
Macquarie forecasts a full year FY22 dividend of 30.00 cents and EPS of 38.80 cents.
Macquarie forecasts a full year FY23 dividend of 32.00 cents and EPS of 41.10 cents.

IPH STOCK CHART