IRESS LIMITED (IRE)
Share Price Analysis and Chart

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IRE - IRESS LIMITED

FNArena Sector : Wealth Management & Investments
Year End: December
GICS Industry Group : Software & Services
Debt/EBITDA: 3.16
Index: ASX200 | ASX300 | ALL-ORDS | ALL-TECH

Iress is an Australian financial technology company providing information software products to the global finance industry. Founded in 1993, it listed on the ASX in 2000.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$6.07

21 Sep
2023

0.000

OPEN

$6.02

0.000

HIGH

$6.15

702,063

LOW

$6.00

TARGET
$7.963 31.2% upside
Franking for last dividend paid out: 0%
OTHER COMPANIES IN THE SAME SECTOR
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FNARENA'S MARKET CONSENSUS FORECASTS
IRE: 1
Title FY21
Actual		 FY22
Actual		 FY23
Forecast		 FY24
Forecast
EPS (cps) xxx 28.6 1.1 xxx
DPS (cps) xxx 46.0 10.9 xxx
EPS Growth xxx - 26.2% - 96.2% xxx
DPS Growth xxx 0.0% - 76.3% xxx
PE Ratio xxx N/A 567.4 xxx
Dividend Yield xxx N/A 1.8% xxx
Div Pay Ratio(%) xxx 160.8% 1014.0% xxx

Dividend yield today if purchased 3 years ago: 4.80%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 7.54

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: 23/02 - ex-div 30c (franking 0%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2023 FactSet UK Limited. All rights reserved
Title 201720182019202020212022
EPS Basic xxxxxxxxxxxxxxx28.6
DPS All xxxxxxxxxxxxxxx46.0
Sales/Revenue xxxxxxxxxxxxxxx617.9 M
Book Value Per Share xxxxxxxxxxxxxxx239.4
Net Operating Cash Flow xxxxxxxxxxxxxxx112.6 M
Net Profit Margin xxxxxxxxxxxxxxx8.52 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201720182019202020212022
Return on Capital Employed xxxxxxxxxxxxxxx10.85 %
Return on Invested Capital xxxxxxxxxxxxxxx5.88 %
Return on Assets xxxxxxxxxxxxxxx5.18 %
Return on Equity xxxxxxxxxxxxxxx10.85 %
Return on Total Capital xxxxxxxxxxxxxxx11.59 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx18.0 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 201720182019202020212022
Short-Term Debt xxxxxxxxxxxxxxx15 M
Long Term Debt xxxxxxxxxxxxxxx447 M
Total Debt xxxxxxxxxxxxxxx463 M
Goodwill - Gross xxxxxxxxxxxxxxx604 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx64 M
Price To Book Value xxxxxxxxxxxxxxx3.99

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201720182019202020212022
Capex xxxxxxxxxxxxxxx27.6 M
Capex % of Sales xxxxxxxxxxxxxxx4.47 %
Cost of Goods Sold xxxxxxxxxxxxxxx476 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx36 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx-

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.4

No. Of Recommendations

4
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Shaw and Partners

xx/xx/xxxx

3

xxxx

$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

22/08/2023

3

Neutral

$6.85

12.85%

Iress has provided its fourth material earnings downgrade in a year, Macquarie observes, because of cost pressures and a weaker revenue environment.

First half underlying earnings were materially below expectations and EBITDA guidance has been lowered to $119m, from $144-149m.

The broker points out attention will be on the FY24 exit rate. Management expects underlying earnings growth of 5-10% as residual gross cost savings of $28m are realised.

Macquarie reduces the target to $6.85 from $10.10, because of underlying cost pressures, reduced pricing power and the balance sheet position. Neutral retained.

FORECAST
Macquarie forecasts a full year FY23 dividend of 0.00 cents and EPS of 13.80 cents.
Macquarie forecasts a full year FY24 dividend of 23.00 cents and EPS of 27.60 cents.

Ord Minnett

xx/xx/xxxx

2

xxxxxxxxxx

$xx.xx

xx.xx%

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Login above or Get a Free Trial
Access Stockbroker Research History >

IRE STOCK CHART

FNArena News on IRE

1
Rudi’s Views: August 2023 – Winners & Losers

Sep 13 2023 - Rudi's View
2
Post August Reflections

Sep 05 2023 - Australia
3
Weekly Ratings, Targets, Forecast Changes – 25-08-23

Aug 28 2023 - Weekly Reports
4
Australian Broker Call *Extra* Edition – Aug 23, 2023

Aug 23 2023 - Daily Market Reports
5
Rudi’s View: Resilience Shines, Forecasts Slide

Aug 23 2023 - Rudi's View

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