Iress (ASX:IRE) - Stock Price, News & Analysis

IRE Stock Overview

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.

About the company

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

Rewards

Trading at 38% below our estimate of its fair value

Earnings are forecast to grow 65.44% per year

Risk Analysis

Interest payments are not well covered by earnings

Iress Limited Competitors

SiteMinder

ASX:SDR

AU$1.5b

Objective

ASX:OCL

AU$1.2b

Hansen Technologies

ASX:HSN

AU$972.6m

Nuix

ASX:NXL

AU$663.4m

Price History & Performance

Summary of all time highs, changes and price drops for Iress
Historical stock prices
Current Share Price	AU$8.58
52 Week High	AU$10.98
52 Week Low	AU$4.92
Beta	1.13
1 Month Change	1.18%
3 Month Change	4.38%
1 Year Change	-14.29%
3 Year Change	-15.63%
5 Year Change	-41.15%
Change since IPO	248.78%

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

How Much Are IRESS Limited (ASX:IRE) Insiders Spending On Buying Shares?

Jan 20

What Does IRESS Limited's (ASX:IRE) Share Price Indicate?

Jan 09

Do Institutions Own IRESS Limited (ASX:IRE) Shares?

Dec 28

Our View On IRESS' (ASX:IRE) CEO Pay

Dec 19

Is IRESS (ASX:IRE) Using Too Much Debt?

Dec 10

Shareholder Returns

	IRE	AU Software	AU Market
7D	9.7%	2.5%	0.9%
1Y	-14.3%	31.0%	5.6%

Return vs Industry: IRE underperformed the Australian Software industry which returned 31% over the past year.

Return vs Market: IRE underperformed the Australian Market which returned 5.6% over the past year.

Price Volatility

Is IRE's price volatile compared to industry and market?
IRE volatility
IRE Average Weekly Movement	6.4%
Software Industry Average Movement	8.9%
Market Average Movement	8.9%
10% most volatile stocks in AU Market	17.6%
10% least volatile stocks in AU Market	3.5%

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

Volatility Over Time: IRE's weekly volatility (6%) 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$1.55b
Earnings (TTM)	-AU$137.48m
Revenue (TTM)	AU$625.74m

2.5x

P/S Ratio

-11.3x

P/E 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$625.74m
Cost of Revenue	AU$490.30m
Gross Profit	AU$135.44m
Other Expenses	AU$272.93m
Earnings	-AU$137.48m

Last Reported Earnings

Dec 31, 2023

Next Earnings Date

n/a

Earnings per share (EPS)	-0.76
Gross Margin	21.65%
Net Profit Margin	-21.97%
Debt/Equity Ratio	133.7%

How did IRE perform over the long term?

See historical performance and comparison

IRE Stock Overview

Rewards

Risk Analysis

Iress Limited Competitors

ASX:SDR

AU$1.5b

ASX:OCL

AU$1.2b

ASX:HSN

AU$972.6m

ASX:NXL

AU$663.4m

Price History & Performance

Recent News & Updates

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

Recent updates

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

Iress Limited to Report Fiscal Year 2021 Results on Feb 17, 2022

Price target decreased to AU$13.07

EQT Fund Management S.à r.l. cancelled the acquisition of Iress Limited (ASX:IRE).

Price target decreased to AU$12.62

Estimating The Intrinsic Value Of Iress Limited (ASX:IRE)

MD, CEO & Director exercised options to buy AU$985k worth of stock.