IRE Stock Overview

Engages in the designing and developing software and services for the financial services industry in the Asia Pacific, the United Kingdom and Europe, Africa, and North America. More details

IRE fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	4/6
Past Performance	1/6
Financial Health	1/6
Dividends	0/6

Rewards

Trading at 39.1% below our estimate of its fair value

Earnings are forecast to grow 29.13% per year

Became profitable this year

Risk Analysis

Interest payments are not well covered by earnings

Large one-off items impacting financial results

My Notes

Capture your thoughts, links and company narrative

Iress Limited Competitors

Objective

ASX:OCL

AU$1.6b

Hansen Technologies

ASX:HSN

AU$1.1b

Bravura Solutions

ASX:BVS

AU$963.8m

RPMGlobal Holdings

ASX:RUL

AU$668.9m

Price History & Performance

Summary of share price highs, lows and changes for Iress
Historical stock prices
Current Share Price	AU$9.43
52 Week High	AU$11.06
52 Week Low	AU$7.37
Beta	1.11
1 Month Change	0.75%
3 Month Change	-5.13%
1 Year Change	17.43%
3 Year Change	-26.56%
5 Year Change	-29.20%
Change since IPO	283.33%

Recent updates

Shareholders May Be More Conservative With Iress Limited's (ASX:IRE) CEO Compensation For Now

Apr 29

Looking For Steady Income For Your Dividend Portfolio? Is Iress Limited (ASX:IRE) A Good Fit?

Mar 29

How Much Did Iress'(ASX:IRE) Shareholders Earn From Share Price Movements Over The Last Five Years?

Mar 18

Here's What To Make Of Iress' (ASX:IRE) Returns On Capital

Mar 07

Trade Alert: The Non-Executive Director Of Iress Limited (ASX:IRE), Roger Sharp, Has Just Spent AU$100k Buying A Few More Shares

Feb 24

Here's Why We're Wary Of Buying IRESS' (ASX:IRE) For Its Upcoming Dividend

Feb 21

IRESS Limited Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions

Feb 20

Is The Market Rewarding IRESS Limited (ASX:IRE) With A Negative Sentiment As A Result Of Its Mixed Fundamentals?

Feb 11

IRESS Limited (ASX:IRE) Shares Could Be 35% Below Their Intrinsic Value Estimate

Jan 31

Shareholder Returns

	IRE	AU Software	AU Market
7D	8.8%	0.6%	-0.6%
1Y	17.4%	63.1%	9.1%

Return vs Industry: IRE underperformed the Australian Software industry which returned 63.1% over the past year.

Return vs Market: IRE exceeded the Australian Market which returned 9.1% over the past year.

Price Volatility

Is IRE's price volatile compared to industry and market?
IRE volatility
IRE Average Weekly Movement	3.5%
Software Industry Average Movement	9.2%
Market Average Movement	8.1%
10% most volatile stocks in AU Market	16.7%
10% least volatile stocks in AU Market	3.1%

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

Volatility Over Time: IRE's weekly volatility (3%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1993	1,900	Marcus Price	www.iress.com

Iress Limited engages in the designing and developing software and services for the financial services industry in the Asia Pacific, the United Kingdom and Europe, Africa, and North America. It offers client management, business automation, portfolio data, research, financial planning tools, scaled advice journeys, digital client solutions, data-driven compliance and analytics, and regulatory obligations management solutions; and market data, trading interfaces, order and execution management, smart order routing, FIX services, portfolio management, securities lending, analytical tools, algorithmic trading, market making, CFD clearing, post trade solutions, and trading and market data APIs. The company also provides connectivity, client relationship management, wealth management, funds registry, digital advice, digital member portal, fund administration services, automated workflow, application processing, connectivity, mortgage comparison and advice, lender connectivity, quoting, comparison, and application processing solutions.

Iress Limited Fundamentals Summary

How do Iress's earnings and revenue compare to its market cap?
IRE fundamental statistics
Market cap	AU$1.69b
Earnings (TTM)	AU$19.59m
Revenue (TTM)	AU$620.86m

86.8x

P/E Ratio

2.7x

P/S Ratio

Is IRE overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
IRE income statement (TTM)
Revenue	AU$620.86m
Cost of Revenue	AU$465.35m
Gross Profit	AU$155.51m
Other Expenses	AU$135.92m
Earnings	AU$19.59m

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

Feb 23, 2025

Earnings per share (EPS)	0.11
Gross Margin	25.05%
Net Profit Margin	3.16%
Debt/Equity Ratio	112.1%

How did IRE perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/19 06:46
End of Day Share Price	2024/12/19 00:00
Earnings	2024/06/30
Annual Earnings	2023/12/31

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 here.

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 .

Analyst Sources

Iress Limited is covered by 26 analysts. 9 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
Anthony Hoo	ANZ Equities Pty Limited
Russell Wright	Barclay Pearce Capital Pty Limited
Nicholas McGarrigle	Barrenjoey Markets Pty Limited

IRE Stock Overview

Rewards

Risk Analysis

Iress Limited Competitors

ASX:OCL

AU$1.6b

ASX:HSN

AU$1.1b

ASX:BVS

AU$963.8m

ASX:RUL

AU$668.9m

Price History & Performance

Recent News & Updates

Consensus EPS estimates increase by 26%

Iress Limited Plan to Reinstate a Final Dividend for Fiscal Year 2024, Payable in March 2025

First half 2024 earnings released: EPS: AU$0.095 (vs AU$0.77 loss in 1H 2023)

Waiting Game for Blackstone with Low-Ball Offer for Iress Up in Air

Price target increased by 7.1% to AU$9.87

Iress Limited to Report First Half, 2024 Results on Aug 19, 2024

Recent updates

Consensus EPS estimates increase by 26%

Iress Limited Plan to Reinstate a Final Dividend for Fiscal Year 2024, Payable in March 2025

First half 2024 earnings released: EPS: AU$0.095 (vs AU$0.77 loss in 1H 2023)

Waiting Game for Blackstone with Low-Ball Offer for Iress Up in Air

Price target increased by 7.1% to AU$9.87

Iress Limited to Report First Half, 2024 Results on Aug 19, 2024

Praemium Limited (ASX:PPS) agreed to acquire OneVue Holdings Limited from Iress Limited (ASX:IRE) for AUD 21 million.

New major risk - Financial position

Full year 2023 earnings: EPS and revenues miss analyst expectations

Iress Limited, Annual General Meeting, May 02, 2024

Iress Limited to Report Second Half, 2023 Results on Feb 21, 2024

Price target increased by 10% to AU$8.90

Consensus EPS estimates fall by 19%

Iress Announces Executive Changes

Independent Non-Executive Chairman recently bought AU$200k worth of stock

SS&C Technologies Holdings, Inc. (NasdaqGS:SSNC) entered into definitive agreement to acquire Managed funds administration business of Iress for AUD 52 million.

First half 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

SS&C Technologies Holdings, Inc. (NasdaqGS:SSNC) entered into definitive agreement to acquire Managed funds administration business of Iress.

Investor sentiment deteriorates as stock falls 36%

Iress Limited Announces Resignation of Peter Ferguson as Company Secretary Effective 10 August 2023

Iress Limited Appoints Georgina Gillingham as an Additional Company Secretary

Iress Limited Appoints Cameron Williamson as Group Chief Financial Officer, Effective from 24 July 2023

Now 20% undervalued

Iress Limited to Report Q2, 2023 Results on Aug 21, 2023

Independent Non-Executive Chairman recently bought AU$73k worth of stock

Consensus EPS estimates fall from profit to AU$0.56 loss

Consensus EPS estimates fall by 29%

Price target decreased by 8.4% to AU$10.94

Full year 2022 earnings: EPS misses analyst expectations

Iress Limited, Annual General Meeting, May 04, 2023

Iress Limited to Report Fiscal Year 2022 Results on Feb 20, 2023

Price target decreased by 7.1% to AU$11.94

An unknown buyer acquired an unknown stake in Iress Limited (ASX:IRE) from Mirrabooka Investments Limited (ASX:MIR).

High number of new directors

Price target decreased to AU$11.89

High number of new directors

Iress Limited Appoints Anthony James Glenning as Non-Executive Director

MD, CEO & Director recently bought AU$203k worth of stock

Consensus EPS estimates fall by 11%

Investor sentiment deteriorated over the past week

Non-Executive Director recently bought AU$300k worth of stock

Iress Limited Announces Joining of Anthony Glenning as Independent Non-Executive Director, Effective October 11, 2022

Upcoming dividend of AU$0.16 per share

First half 2022 earnings released: EPS: AU$0.16 (vs AU$0.21 in 1H 2021)

Iress Limited Announces Ordinary Franked Dividend for the Six Months Ended June 30, 2022, Payable on September 23, 2022

Now 21% undervalued

Iress Limited Appoints Marcus Colin Price as Non-Executive Director

Now 24% undervalued

Iress Limited Provides Earnings Guidance for the First Half of Year 2022 and Reaffirms Earnings Guidance for the Full Year 2022

Investor sentiment improved over the past week

MD, CEO & Director exercised options to buy AU$9.7m worth of stock.

MD, CEO & Director exercised options to buy AU$1.7m worth of stock.

Independent Non-Executive Director recently bought AU$130k worth of stock

Consensus forecasts updated

Price target decreased to AU$12.18

Iress Limited Announces Ordinary Franked Dividend for the Six Months Ended December 31, 2021, Payable on March 18, 2022

Full year 2021 earnings: EPS exceeds analyst expectations

Iress Limited, Annual General Meeting, May 05, 2022

Iress Limited to Report First Half, 2022 Results on Aug 18, 2022