IPH Stock Overview
IPH Limited, together with its subsidiaries, provides intellectual property (IP) services and products in Australia and internationally.
Price History & Performance
|Historical stock prices|
|Current Share Price||AU$9.97|
|52 Week High||AU$10.42|
|52 Week Low||AU$6.86|
|1 Month Change||21.73%|
|3 Month Change||23.70%|
|1 Year Change||10.78%|
|3 Year Change||8.84%|
|5 Year Change||120.09%|
|Change since IPO||221.61%|
Recent News & Updates
|IPH||AU Professional Services||AU Market|
Return vs Industry: IPH exceeded the Australian Professional Services industry which returned -4.3% over the past year.
Return vs Market: IPH exceeded the Australian Market which returned -4.9% over the past year.
|IPH Average Weekly Movement||5.6%|
|Professional Services Industry Average Movement||6.4%|
|Market Average Movement||10.5%|
|10% most volatile stocks in AU Market||17.8%|
|10% least volatile stocks in AU Market||4.6%|
Stable Share Price: IPH is less volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: IPH's weekly volatility (6%) has been stable over the past year.
About the Company
IPH Limited, together with its subsidiaries, provides intellectual property (IP) services and products in Australia and internationally. It operates through three segments: Intellectual Property Services Australia & New Zealand, Intellectual Property Services Asia, and Adjacent Businesses. The company offers IP services related to the provision of filing, prosecution, enforcement, and management of patents, designs, trademarks, and other IP; and develops autonomous timekeeping software under the subscription license model.
IPH Fundamentals Summary
|IPH fundamental statistics|
Is IPH overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|IPH income statement (TTM)|
|Cost of Revenue||AU$123.41m|
Last Reported Earnings
Jun 30, 2022
Next Earnings Date
|Earnings per share (EPS)||0.24|
|Net Profit Margin||14.04%|
How did IPH perform over the long term?See historical performance and comparison
3.1%Current Dividend Yield
Is IPH undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 1/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for IPH?
Other financial metrics that can be useful for relative valuation.
|What is IPH's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does IPH's PE Ratio compare to its peers?
|IPH PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
KPG Kelly Partners Group Holdings
QIP QANTM Intellectual Property
Price-To-Earnings vs Peers: IPH is expensive based on its Price-To-Earnings Ratio (41.5x) compared to the peer average (26.9x).
Price to Earnings Ratio vs Industry
How does IPH's PE Ratio compare vs other companies in the Global Professional Services Industry?
Price-To-Earnings vs Industry: IPH is expensive based on its Price-To-Earnings Ratio (41.5x) compared to the Global Professional Services industry average (20.7x)
Price to Earnings Ratio vs Fair Ratio
What is IPH's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PE Ratio||41.5x|
|Fair PE Ratio||24.4x|
Price-To-Earnings vs Fair Ratio: IPH is expensive based on its Price-To-Earnings Ratio (41.5x) compared to the estimated Fair Price-To-Earnings Ratio (24.4x).
Share Price vs Fair Value
What is the Fair Price of IPH when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: IPH (A$9.97) is trading below our estimate of fair value (A$10.31)
Significantly Below Fair Value: IPH is trading below fair value, but not by a significant amount.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Target price is lower than the current share price.
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How is IPH forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
Future Growth Score4/6
Future Growth Score 4/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: IPH's forecast earnings growth (12.4% per year) is above the savings rate (1.8%).
Earnings vs Market: IPH's earnings (12.4% per year) are forecast to grow faster than the Australian market (6.2% per year).
High Growth Earnings: IPH's earnings are forecast to grow, but not significantly.
Revenue vs Market: IPH's revenue (9% per year) is forecast to grow faster than the Australian market (5% per year).
High Growth Revenue: IPH's revenue (9% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: IPH's Return on Equity is forecast to be high in 3 years time (23%)
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How has IPH performed over the past 5 years?
Past Performance Score2/6
Past Performance Score 2/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: IPH has high quality earnings.
Growing Profit Margin: IPH's current net profit margins (14%) are lower than last year (14.9%).
Past Earnings Growth Analysis
Earnings Trend: IPH's earnings have grown by 5.8% per year over the past 5 years.
Accelerating Growth: IPH's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: IPH had negative earnings growth (-1.9%) over the past year, making it difficult to compare to the Professional Services industry average (-17.2%).
Return on Equity
High ROE: IPH's Return on Equity (12.2%) is considered low.
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How is IPH's financial position?
Financial Health Score5/6
Financial Health Score 5/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: IPH's short term assets (A$197.0M) exceed its short term liabilities (A$70.1M).
Long Term Liabilities: IPH's short term assets (A$197.0M) exceed its long term liabilities (A$188.6M).
Debt to Equity History and Analysis
Debt Level: IPH's net debt to equity ratio (6.9%) is considered satisfactory.
Reducing Debt: IPH's debt to equity ratio has increased from 0.2% to 27.6% over the past 5 years.
Debt Coverage: IPH's debt is well covered by operating cash flow (79.9%).
Interest Coverage: IPH's interest payments on its debt are well covered by EBIT (21.2x coverage).
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What is IPH current dividend yield, its reliability and sustainability?
Dividend Score 2/6
Cash Flow Coverage
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: IPH's dividend (3.06%) is higher than the bottom 25% of dividend payers in the Australian market (2.63%).
High Dividend: IPH's dividend (3.06%) is low compared to the top 25% of dividend payers in the Australian market (6.42%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, IPH has been paying a dividend for less than 10 years.
Growing Dividend: IPH's dividend payments have increased, but the company has only paid a dividend for 7 years.
Earnings Payout to Shareholders
Earnings Coverage: With its high payout ratio (126.6%), IPH's dividend payments are not well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: At its current cash payout ratio (76.1%), IPH's dividend payments are covered by cash flows.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Dr. Andrew Blattman, BScAgr (Hons 1), PhD, GraDipIP, serves as Managing Director, Chief Executive Officer and Director of IPH Limited since November 20, 2017. Dr. Blattman serves as the Chief Executive Off...
CEO Compensation Analysis
Compensation vs Market: Andrew's total compensation ($USD1.39M) is about average for companies of similar size in the Australian market ($USD1.59M).
Compensation vs Earnings: Andrew's compensation has been consistent with company performance over the past year.
Experienced Management: IPH's management team is considered experienced (4.8 years average tenure).
Experienced Board: IPH's board of directors are considered experienced (4.8 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
IPH Limited's employee growth, exchange listings and data sources
- Name: IPH Limited
- Ticker: IPH
- Exchange: ASX
- Founded: 1887
- Industry: Research and Consulting Services
- Sector: Commercial Services
- Implied Market Cap: AU$2.234b
- Shares outstanding: 218.82m
- Website: https://www.iphltd.com.au
Number of Employees
- IPH Limited
- Tower 2
- Level 22
- New South Wales
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/08/19 00:00|
|End of Day Share Price||2022/08/19 00:00|
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 here.