IPH (CHIA:IPH) - Stock Price, News & Analysis

IPH Stock Overview

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

IPH fundamental analysis
Snowflake Score
Valuation	3/6
Future Growth	2/6
Past Performance	2/6
Financial Health	3/6
Dividends	5/6

Rewards

Trading at 56.2% below our estimate of its fair value

Earnings are forecast to grow 16% per year

Risk Analysis

Has a high level of debt

Shareholders have been diluted in the past year

Dividend of 6.81% is not well covered by earnings

IPH Limited Competitors

Kelly Partners Group Holdings

ASX:KPG

AU$398.7m

Count

ASX:CUP

AU$140.5m

Smartgroup

ASX:SIQ

AU$1.0b

McMillan Shakespeare

ASX:MMS

AU$1.0b

Price History & Performance

Summary of all time highs, changes and price drops for IPH
Historical stock prices
Current Share Price	AU$5.13
52 Week High	AU$7.29
52 Week Low	AU$4.91
Beta	0.21
11 Month Change	-4.29%
3 Month Change	-20.34%
1 Year Change	-23.43%
33 Year Change	-42.78%
5 Year Change	-38.30%
Change since IPO	67.37%

Recent updates

Shareholder Returns

	IPH	AU Professional Services	AU Market
7D	-1.6%	3.9%	1.5%
1Y	-23.4%	19.6%	17.2%

Return vs Industry: IPH underperformed the Australian Professional Services industry which returned 19.6% over the past year.

Return vs Market: IPH underperformed the Australian Market which returned 17.2% over the past year.

Price Volatility

Is IPH's price volatile compared to industry and market?
IPH volatility
IPH Average Weekly Movement	3.6%
Professional Services Industry Average Movement	7.1%
Market Average Movement	8.6%
10% most volatile stocks in AU Market	17.3%
10% least volatile stocks in AU Market	3.4%

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.

About the Company

Founded	Employees	CEO	Website
1887	1,513	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$1.42b
Earnings (TTM)	AU$60.80m
Revenue (TTM)	AU$605.60m

23.3x

P/E Ratio

2.3x

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$605.60m
Cost of Revenue	AU$215.80m
Gross Profit	AU$389.80m
Other Expenses	AU$329.00m
Earnings	AU$60.80m

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	0.22
Gross Margin	64.37%
Net Profit Margin	10.04%
Debt/Equity Ratio	68.4%

How did IPH perform over the long term?

See historical performance and comparison

Dividends

6.8%

Current Dividend Yield

140%

Payout Ratio

IPH Stock Overview

Rewards

Risk Analysis

IPH Limited Competitors

ASX:KPG

AU$398.7m

ASX:CUP

AU$140.5m

ASX:SIQ

AU$1.0b

ASX:MMS

AU$1.0b

Price History & Performance

Recent News & Updates

IPH Limited, Annual General Meeting, Nov 14, 2024

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

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

Recent updates

IPH Limited, Annual General Meeting, Nov 14, 2024

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

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

IPH Limited Announces Executive Changes

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

First half dividend increased to AU$0.16

First half 2024 earnings released: EPS: AU$0.088 (vs AU$0.13 in 1H 2023)

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

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 released: EPS: AU$0.29 (vs AU$0.24 in FY 2022)

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

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

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

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

IPH Limited, Annual General Meeting, Nov 17, 2022

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

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

IPH Limited Announces Board Changes

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

IPH Limited to Report First Half, 2022 Results on Feb 17, 2022

Full year 2021 earnings released: EPS AU$0.25 (vs AU$0.26 in FY 2020)

IPH Limited (ASX:IPH) agreed to acquire Applied Marks Pty Ltd for $7.1 million.

First half 2021 earnings released: EPS AU$0.12 (vs AU$0.13 in 1H 2020)

Revenue beats expectations

IPH Limited to Report First Half, 2021 Results on Feb 18, 2021

New 90-day low: AU$6.16

New 90-day low: AU$6.48

Full year earnings released - EPS AU$0.26

New 90-day high - AU$8.43

IPH Limited to Report Fiscal Year 2020 Results on Aug 20, 2020

Shareholder Returns

Price Volatility

About the Company

IPH Limited Fundamentals Summary

23.3x

2.3x

Earnings & Revenue

Dividends

6.8%

140%