IPH Stock Overview

Provides intellectual property (IP) services and products. More details

IPH fundamental analysis
Snowflake Score
Valuation	6/6
Future Growth	2/6
Past Performance	5/6
Financial Health	4/6
Dividends	5/6

Rewards

Trading at 60.7% below our estimate of its fair value

Earnings are forecast to grow 13.37% per year

Earnings grew by 35.3% over the past year

Trading at good value compared to peers and industry

Analysts in good agreement that stock price will rise by 41.2%

Risk Analysis

Dividend of 7.74% is not well covered by earnings

IPH Limited Competitors

Kelly Partners Group Holdings

ASX:KPG

AU$479.5m

Count

ASX:CUP

AU$121.4m

RAS Technology Holdings

ASX:RTH

AU$37.4m

Smartgroup

ASX:SIQ

AU$951.8m

Price History & Performance

Summary of share price highs, lows and changes for IPH
Historical stock prices
Current Share Price	AU$4.52
52 Week High	AU$6.84
52 Week Low	AU$4.22
Beta	0.20
1 Month Change	-6.61%
3 Month Change	-9.05%
1 Year Change	-25.90%
3 Year Change	-42.78%
5 Year Change	-36.87%
Change since IPO	45.81%

Recent News & Updates

Canadian Acquisitions Will Expand IP Market Presence And Drive Future Growth

Feb 09 Acquisitions in Canada and regional operating models aim to expand market share and enhance management effectiveness, supporting revenue and earnings growth.

Recent updates

Canadian Acquisitions Will Expand IP Market Presence And Drive Future Growth

Feb 09 Acquisitions in Canada and regional operating models aim to expand market share and enhance management effectiveness, supporting revenue and earnings growth.

There's Reason For Concern Over IPH Limited's (ASX:IPH) Price

Dec 18

We Think That There Are More Issues For IPH (ASX:IPH) Than Just Sluggish Earnings

Aug 31

An Intrinsic Calculation For IPH Limited (ASX:IPH) Suggests It's 32% Undervalued

Feb 01

Most Shareholders Will Probably Find That The CEO Compensation For IPH Limited (ASX:IPH) Is Reasonable

Nov 11

Is There An Opportunity With IPH Limited's (ASX:IPH) 28% Undervaluation?

Oct 28

These 4 Measures Indicate That IPH (ASX:IPH) Is Using Debt Reasonably Well

Oct 06

IPH (ASX:IPH) Is Paying Out A Larger Dividend Than Last Year

Aug 23

IPH (ASX:IPH) Seems To Use Debt Quite Sensibly

Jun 29

Estimating The Fair Value Of IPH Limited (ASX:IPH)

Apr 07

Does IPH (ASX:IPH) Have A Healthy Balance Sheet?

Mar 22

Are IPH Limited's (ASX:IPH) Fundamentals Good Enough to Warrant Buying Given The Stock's Recent Weakness?

Mar 06

Investors Who Bought IPH (ASX:IPH) Shares Three Years Ago Are Now Up 72%

Feb 19

Is IPH Limited (ASX:IPH) At Risk Of Cutting Its Dividend?

Feb 06

How Is IPH's (ASX:IPH) CEO Compensated?

Jan 22

What Kind Of Shareholders Hold The Majority In IPH Limited's (ASX:IPH) Shares?

Jan 07

Shareholder Returns

	IPH	AU Professional Services	AU Market
7D	-2.2%	-0.03%	-0.4%
1Y	-25.9%	28.5%	-1.7%

Return vs Industry: IPH underperformed the Australian Professional Services industry which returned 28.5% over the past year.

Return vs Market: IPH underperformed the Australian Market which returned -1.7% over the past year.

Price Volatility

Is IPH's price volatile compared to industry and market?
IPH volatility
IPH Average Weekly Movement	4.0%
Professional Services Industry Average Movement	6.5%
Market Average Movement	8.4%
10% most volatile stocks in AU Market	16.0%
10% least volatile stocks in AU Market	3.5%

Stable Share Price: IPH has not had significant price volatility in the past 3 months compared to the Australian market.

Volatility Over Time: IPH's weekly volatility (4%) has been stable over the past year.

Community vs My Fair Value

Create Narrative

Select a narrative for quick price alerts from the community, or create your own.

IPH

Analyst Price Target

Consensus Narrative from 10 Analysts

Integration Of Bereskin & Parr And Share Buyback To Benefit Shareholders

Key Takeaways Integration of Bereskin & Parr is on track, with synergies expected to enhance earnings and net margins. Recovery in Asian markets and resolving CIPO backlogs are poised to drive revenue and earnings growth.

View narrative

AU$6.38

29.2% undervalued

4.66%

Revenue growth p.a.

Updated

View IPH Community

About the Company

Founded	Employees	CEO	Website
1887	1,800	Andrew Blattman	www.iphltd.com.au

IPH Limited, together with its subsidiaries, provides intellectual property (IP) services and products. It operates through three segments: Australian and New Zealand IP, Canadian IP, and Asian IP. The company offers IP services related to the provision of filing, prosecution, enforcement, and management of patents, designs, trade marks, legal services, and other IP.

IPH Limited Fundamentals Summary

How do IPH's earnings and revenue compare to its market cap?
IPH fundamental statistics
Market cap	AU$1.22b
Earnings (TTM)	AU$77.10m
Revenue (TTM)	AU$673.70m

15.9x

P/E Ratio

1.8x

P/S Ratio

Is IPH overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
IPH income statement (TTM)
Revenue	AU$673.70m
Cost of Revenue	AU$243.60m
Gross Profit	AU$430.10m
Other Expenses	AU$353.00m
Earnings	AU$77.10m

Last Reported Earnings

Dec 31, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	0.29
Gross Margin	63.84%
Net Profit Margin	11.44%
Debt/Equity Ratio	51.3%

How did IPH perform over the long term?

See historical performance and comparison

Dividends

7.7%

Current Dividend Yield

119%

Payout Ratio

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/04/02 18:43
End of Day Share Price	2025/04/02 00:00
Earnings	2024/12/31
Annual Earnings	2024/06/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

IPH Limited is covered by 13 analysts. 10 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Aryan Norozi	Barrenjoey Markets Pty Limited
Conor O’Prey	Canaccord Genuity
Richard Amland	CLSA

IPH Stock Overview

Rewards

Risk Analysis

IPH Limited Competitors

ASX:KPG

AU$479.5m

ASX:CUP

AU$121.4m

ASX:RTH

AU$37.4m

ASX:SIQ

AU$951.8m

Price History & Performance

Recent News & Updates

IPH Limited Announces Resignation of John Wadley as Chief Financial Officer, Effective 30 June 2025

First half dividend increased to AU$0.17

First half 2025 earnings: EPS and revenues exceed analyst expectations

Canadian Acquisitions Will Expand IP Market Presence And Drive Future Growth

IPH Limited to Report First Half, 2025 Results on Feb 20, 2025

Price target decreased by 7.4% to AU$7.12

Recent updates

IPH Limited Announces Resignation of John Wadley as Chief Financial Officer, Effective 30 June 2025

First half dividend increased to AU$0.17

First half 2025 earnings: EPS and revenues exceed analyst expectations

Canadian Acquisitions Will Expand IP Market Presence And Drive Future Growth

IPH Limited to Report First Half, 2025 Results on Feb 20, 2025

Price target decreased by 7.4% to AU$7.12

There's Reason For Concern Over IPH Limited's (ASX:IPH) Price

CEO, MD & Director recently sold AU$457k worth of stock

IPH Limited, Annual General Meeting, Nov 14, 2024

Price target decreased by 7.1% to AU$7.83

We Think That There Are More Issues For IPH (ASX:IPH) Than Just Sluggish Earnings

Final dividend of AU$0.19 announced

IPH Limited Limited Declares Ordinary Dividend for the Six Months June 30, 2024, Payable on 20 September 2024

IPH Limited has filed a Follow-on Equity Offering in the amount of AUD 100.000005 million.

IPH Limited to Report Fiscal Year 2024 Results on Aug 22, 2024

Subdued Growth No Barrier To IPH Limited's (ASX:IPH) Price

IPH Limited (ASX:IPH) entered into non-binding indicative proposal to acquire QANTM Intellectual Property Limited (ASX:QIP) for AUD 250 million.

Price target decreased by 8.7% to AU$8.58

IPH (ASX:IPH) Has A Pretty Healthy Balance Sheet

IPH Limited Announces Executive Changes

CEO, MD & Director recently sold AU$646k worth of stock

Consensus EPS estimates fall by 18%

First half dividend increased to AU$0.16

First half 2024 earnings: EPS misses analyst expectations

IPH Limited to Report First Half, 2024 Results on Feb 22, 2024

CEO, MD & Director recently sold AU$409k worth of stock

IPH Limited (ASX:IPH) entered into an agreement to acquire ROBIC L.L.P. for CAD 110 million.

IPH Limited Approves Election of Director, David Wiadrowski

Should You Be Adding IPH (ASX:IPH) To Your Watchlist Today?

IPH Limited (ASX:IPH) agreed to acquire Ridout & Maybee LLP for CAD 66 million.

IPH Limited announced that it expects to receive AUD 22.380147 million in funding

Full year 2023 earnings: EPS and revenues exceed analyst expectations

IPH Limited to Report Q4, 2023 Results on Aug 17, 2023

Is IPH (ASX:IPH) A Risky Investment?

A Look At The Fair Value Of IPH Limited (ASX:IPH)

First half 2023 earnings released: EPS: AU$0.13 (vs AU$0.11 in 1H 2022)

IPH Limited to Report First Half, 2023 Results on Feb 16, 2023

Non-Executive Chairman recently bought AU$172k worth of stock

Non-Executive Chairman recently bought AU$178k worth of stock

A Look At The Fair Value Of IPH Limited (ASX:IPH)

IPH Limited (ASX:IPH) completed the acquisition of Smart & Biggar Ip Agency Co. from Smart & Biggar.

IPH Limited Appoints Ms. Vicki Carter as Non-Executive Director, Effective 5 October 2022

Independent Non-Executive Director recently bought AU$75k worth of stock

IPH (ASX:IPH) Has Announced That It Will Be Increasing Its Dividend To A$0.16

Price target increased to AU$10.66

Full year 2022 earnings released: EPS: AU$0.24 (vs AU$0.25 in FY 2021)

IPH Limited, Annual General Meeting, Nov 17, 2022

Investor sentiment improved over the past week

Now 21% undervalued

IPH Limited to Report Fiscal Year 2022 Results on Aug 18, 2022

Anaqua, Inc. completed the acquisition of an unknown majority stake in Practice Insight Pty Ltd. from IPH Limited (ASX:IPH).

Now 20% undervalued

Estimating The Intrinsic Value Of IPH Limited (ASX:IPH)

Anaqua, Inc. has entered into an agreement to acquire an unknown majority stake in Practice Insight Pty Ltd. from IPH Limited (ASX:IPH).

Now 21% undervalued after recent price drop

IPH Limited Announces Board Changes

IPH (ASX:IPH) Has A Pretty Healthy Balance Sheet

First half 2022 earnings: EPS in line with analyst expectations despite revenue beat

IPH Limited Announces Dividend for A Period of Six Months Ended December 31, 2021, Payable on March 18, 2022