IAP Stock Overview

Irongate Group has its origins as the Investec Group’s Australian and New Zealand property investment and asset management business. More details

IAP fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	0/6
Past Performance	0/6
Financial Health	2/6
Dividends	0/6

Rewards

Trading at 34% below our estimate of its fair value

Risk Analysis

Earnings have declined by 22.9% per year over past 5 years

Debt is not well covered by operating cash flow

Shareholders have been diluted in the past year

Community vs My Fair Value

Create Narrative

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

Irongate Group Competitors

Price History & Performance

Summary of share price highs, lows and changes for Irongate Group
Historical stock prices
Current Share Price	AU$1.90
52 Week High	AU$1.94
52 Week Low	AU$1.44
Beta	0.19
1 Month Change	0.53%
3 Month Change	-1.30%
1 Year Change	29.35%
3 Year Change	27.61%
5 Year Change	n/a
Change since IPO	33.92%

Recent updates

Shareholder Returns

	IAP	AU REITs	AU Market
7D	0%	0.7%	0.8%
1Y	29.4%	22.5%	8.3%

Return vs Industry: IAP exceeded the Australian REITs industry which returned -4.4% over the past year.

Return vs Market: IAP exceeded the Australian Market which returned -0.5% over the past year.

Price Volatility

Is IAP's price volatile compared to industry and market?
IAP volatility
IAP Average Weekly Movement	0.9%
REITs Industry Average Movement	3.4%
Market Average Movement	9.3%
10% most volatile stocks in AU Market	17.2%
10% least volatile stocks in AU Market	4.0%

Stable Share Price: IAP has not had significant price volatility in the past 3 months.

Volatility Over Time: IAP's weekly volatility (1%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
n/a	n/a	Graeme Katz	irongategroup.com.au

Irongate Group has its origins as the Investec Group’s Australian and New Zealand property investment and asset management business. Having invested in and managed over A$3bn of assets for the Investec Group, the long-standing management team evolved to become the Irongate Group to continue its growth trajectory and expand its third-party funds management platform. Our strength lies in our disciplined, measured and value-based approach to multi-sector property investment and asset management in Australia and New Zealand.

Irongate Group Fundamentals Summary

How do Irongate Group's earnings and revenue compare to its market cap?
IAP fundamental statistics
Market cap	AU$14.26b
Earnings (TTM)	-AU$1.60m
Revenue (TTM)	AU$117.32m

10.9x

P/S Ratio

-803.0x

P/E Ratio

Is IAP overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
IAP income statement (TTM)
Revenue	AU$117.32m
Cost of Revenue	AU$21.81m
Gross Profit	AU$95.51m
Other Expenses	AU$97.11m
Earnings	-AU$1.60m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)	-0.0024
Gross Margin	81.41%
Net Profit Margin	-1.36%
Debt/Equity Ratio	42.5%

How did IAP perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2022/07/24 02:35
End of Day Share Price	2022/07/07 00:00
Earnings	2022/03/31
Annual Earnings	2022/03/31

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

Irongate Group is covered by 3 analysts. 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
Richard Jones	J.P. Morgan
Krzysztof Kaczmarek	J.P. Morgan
Stuart McLean	Macquarie Research

Irongate Group CHIA:IAP Stock Report