IRESS LIMITED (IRE)
Share Price Analysis and Chart

Enter the company code or Name for stock analysis:

IRE - IRESS LIMITED

Year End: December
GICS Industry Group : Software & Services
Index: ASX200 | ASX300 | ALL-ORDS

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

$9.13

03 Mar
2021

-0.010

OPEN

$9.09

-0.11%

HIGH

$9.18

505,650

LOW

$9.03

TARGET
$10.93 19.7% upside
Franking for last dividend paid out: 40%
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MARKET CONSENSUS FORECAST
IRE: 1
Title FY18
Actual
FY19
Actual
FY20
Forecast
FY21
Forecast
EPS (cps) xxx 37.9 37.8 xxx
DPS (cps) xxx 46.0 45.0 xxx
EPS Growth xxx 0.8% - 0.2% xxx
DPS Growth xxx 4.5% - 2.2% xxx
PE Ratio xxx N/A 24.1 xxx
Dividend Yield xxx N/A 4.9% xxx
Div Pay Ratio(%) xxx 121.4% 118.9% xxx

Dividend yield today if purchased 3 years ago: 4.55%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

5.04

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: 24/02 - 30c (40%)

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.1

No. Of Recommendations

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

Morgans

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Ord Minnett

18/02/2021

2

Accumulate

$11.27

(19/02/2021)

23.44%

First impressions of Iress's FY20 result show revenue was in-line with Ord Minnett's forecast and rose 7% over last year. Segment profit rose 1% and was ahead of guidance as well as broker forecast. A final dividend of 30c was in-line with expectations.

The company expects to deliver a segment profit of $164-$168m and is targeting a return on invested capital of 9-10%. Growth in Australian financial advice and super is expected to be in low single digits.

Accumulate rating with a target of $11.20.

This stock is not covered in-house by Ord Minnett. Instead, the broker whitelabels research by JP Morgan.

FORECAST
Ord Minnett forecasts a full year FY20 dividend of 47.00 cents and EPS of 34.40 cents.
Ord Minnett forecasts a full year FY21 dividend of 48.00 cents and EPS of 39.60 cents.

Credit Suisse

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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IRE STOCK CHART