IPH LIMITED (IPH)
Share Price Analysis and Chart

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IPH - IPH LIMITED

FNArena Sector : Legal
Year End: June
GICS Industry Group : Commercial & Professional Services
Debt/EBITDA: 2.68
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

$7.21

03 Oct
2023

-0.190

OPEN

$7.29

-2.57%

HIGH

$7.34

747,897

LOW

$7.21

TARGET
$10.488 45.5% upside
Franking for last dividend paid out: 35%
OTHER COMPANIES IN THE SAME SECTOR
QIP . SHJ .
FNARENA'S MARKET CONSENSUS FORECASTS
IPH: 1
Title FY22
Actual		 FY23
Actual		 FY24
Forecast		 FY25
Forecast
EPS (cps) xxx 28.6 44.9 xxx
DPS (cps) xxx 33.0 34.6 xxx
EPS Growth xxx 18.8% 56.9% xxx
DPS Growth xxx 8.2% 4.9% xxx
PE Ratio xxx N/A 16.3 xxx
Dividend Yield xxx N/A 4.7% xxx
Div Pay Ratio(%) xxx 115.3% 77.1% xxx

Dividend yield today if purchased 3 years ago: 4.62%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 4.51

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: 22/08 - ex-div 17.5c (franking 35%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2023 FactSet UK Limited. All rights reserved
Title 201820192020202120222023
EPS Basic xxxxxxxxxxxxxxx28.6
DPS All xxxxxxxxxxxxxxx33.0
Sales/Revenue xxxxxxxxxxxxxxx482.9 M
Book Value Per Share xxxxxxxxxxxxxxx247.4
Net Operating Cash Flow xxxxxxxxxxxxxxx91.8 M
Net Profit Margin xxxxxxxxxxxxxxx13.37 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201820192020202120222023
Return on Capital Employed xxxxxxxxxxxxxxx12.82 %
Return on Invested Capital xxxxxxxxxxxxxxx8.13 %
Return on Assets xxxxxxxxxxxxxxx6.85 %
Return on Equity xxxxxxxxxxxxxxx12.82 %
Return on Total Capital xxxxxxxxxxxxxxx13.80 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx32.1 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 xxxxxxxxxxxxxxx10 M
Long Term Debt xxxxxxxxxxxxxxx432 M
Total Debt xxxxxxxxxxxxxxx441 M
Goodwill - Gross xxxxxxxxxxxxxxx508 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx103 M
Price To Book Value xxxxxxxxxxxxxxx3.17

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201820192020202120222023
Capex xxxxxxxxxxxxxxx6.9 M
Capex % of Sales xxxxxxxxxxxxxxx1.43 %
Cost of Goods Sold xxxxxxxxxxxxxxx-
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx318 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx6 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

0.8

No. Of Recommendations

4
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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Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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UBS

18/08/2023

1

Buy

$9.80

35.92%

UBS considers the Canadian acquisition strategically positive and accretive for IPH as its Buy thesis is centred on M&A being the key driver of the stock. Another opportunity is also being actively pursued and should support the share price.

The broker lifts estimates for EPS by 6-8% over FY24-26. The FY23 result was better than feared in terms of Australasia while Asia was weaker because a large client exited China. Target is steady at $9.80.

FORECAST
UBS forecasts a full year FY24 dividend of 36.00 cents and EPS of 44.00 cents.
UBS forecasts a full year FY25 dividend of 39.00 cents and EPS of 48.00 cents.

Morgans

xx/xx/xxxx

3

xxxxxxxxx xx xxxx xxxx xxx

$xx.xx

xx.xx%

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Access Stockbroker Research History >

IPH STOCK CHART

FNArena News on IPH

1
Rudi’s View: To Sell Or Not To Sell?

Oct 04 2023 - Rudi's View
2
ESG Focus: Strong Reporting Season For Circularity, Nature, Biodiversity and AI

Oct 02 2023 - ESG Focus
3
Australian Broker Call *Extra* Edition – Sep 18, 2023

Sep 18 2023 - Daily Market Reports
4
Rudi’s Views: August 2023 – Winners & Losers

Sep 13 2023 - Rudi's View
5
Australian Broker Call *Extra* Edition – Aug 22, 2023

Aug 22 2023 - Daily Market 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