Iress Limited designs and develops software and services for the financial services industry in Australia, New Zealand, Asia, North America, Europe, South Africa, and the United Kingdom.
Price History & Performance
|Historical stock prices|
|Current Share Price||AU$11.81|
|52 Week High||AU$8.90|
|52 Week Low||AU$15.30|
|1 Month Change||-2.24%|
|3 Month Change||-6.42%|
|1 Year Change||17.40%|
|3 Year Change||5.64%|
|5 Year Change||4.05%|
|Change since IPO||380.08%|
Recent News & Updates
Estimating The Intrinsic Value Of Iress Limited (ASX:IRE)
How far off is Iress Limited ( ASX:IRE ) from its intrinsic value? Using the most recent financial data, we'll take a...
|IRE||AU Software||AU Market|
Return vs Industry: IRE underperformed the Australian Software industry which returned 27.7% over the past year.
Return vs Market: IRE underperformed the Australian Market which returned 20.2% over the past year.
Stable Share Price: IRE is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: IRE's weekly volatility (6%) has been stable over the past year.
About the Company
Iress Limited designs and develops software and services for the financial services industry in Australia, New Zealand, Asia, North America, Europe, South Africa, and the United Kingdom. It offers client management, business automation, portfolio data, research, financial planning tools, scaled advice journeys, digital client solutions, data-driven compliance and analytics, and consent infrastructure-as-a-service; 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, mortgage advice, lender connectivity, quoting, comparison, and application processing solutions.
Iress Fundamentals Summary
|IRE fundamental statistics|
Is IRE overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|IRE income statement (TTM)|
|Cost of Revenue||AU$401.16m|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||0.39|
|Net Profit Margin||13.09%|
How did IRE perform over the long term?See historical performance and comparison
3.9%Current Dividend Yield
Is Iress undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: IRE (A$11.81) is trading below our estimate of fair value (A$15.73)
Significantly Below Fair Value: IRE is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: IRE is good value based on its PE Ratio (30.3x) compared to the Australian Software industry average (42.5x).
PE vs Market: IRE is poor value based on its PE Ratio (30.3x) compared to the Australian market (19.8x).
Price to Earnings Growth Ratio
PEG Ratio: IRE is poor value based on its PEG Ratio (3.9x)
Price to Book Ratio
PB vs Industry: IRE is good value based on its PB Ratio (3.9x) compared to the AU Software industry average (5.2x).
How is Iress forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: IRE's forecast earnings growth (7.7% per year) is above the savings rate (1.9%).
Earnings vs Market: IRE's earnings (7.7% per year) are forecast to grow slower than the Australian market (11.7% per year).
High Growth Earnings: IRE's earnings are forecast to grow, but not significantly.
Revenue vs Market: IRE's revenue (4.6% per year) is forecast to grow slower than the Australian market (5.5% per year).
High Growth Revenue: IRE's revenue (4.6% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: IRE's Return on Equity is forecast to be high in 3 years time (21.1%)
How has Iress performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: IRE has high quality earnings.
Growing Profit Margin: IRE's current net profit margins (13.1%) are higher than last year (11.4%).
Past Earnings Growth Analysis
Earnings Trend: IRE's earnings have grown by 2.5% per year over the past 5 years.
Accelerating Growth: IRE's earnings growth over the past year (20.3%) exceeds its 5-year average (2.5% per year).
Earnings vs Industry: IRE earnings growth over the past year (20.3%) underperformed the Software industry 37.5%.
Return on Equity
High ROE: IRE's Return on Equity (12.8%) is considered low.
How is Iress's financial position?
Financial Position Analysis
Short Term Liabilities: IRE's short term assets (A$131.7M) exceed its short term liabilities (A$102.2M).
Long Term Liabilities: IRE's short term assets (A$131.7M) do not cover its long term liabilities (A$348.7M).
Debt to Equity History and Analysis
Debt Level: IRE's debt to equity ratio (39.8%) is considered satisfactory.
Reducing Debt: IRE's debt to equity ratio has reduced from 63.2% to 39.8% over the past 5 years.
Debt Coverage: IRE's debt is well covered by operating cash flow (45.4%).
Interest Coverage: IRE's interest payments on its debt are well covered by EBIT (11.8x coverage).
What is Iress's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: IRE's dividend (3.9%) is higher than the bottom 25% of dividend payers in the Australian market (2.27%).
High Dividend: IRE's dividend (3.9%) is low compared to the top 25% of dividend payers in the Australian market (5.32%).
Stability and Growth of Payments
Stable Dividend: IRE's dividends per share have been stable in the past 10 years.
Growing Dividend: IRE's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (119.5%), IRE's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: IRE's dividends in 3 years are not forecast to be well covered by earnings (106.7% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Andrew Walsh (47 yo)
Mr. Andrew Leslie Walsh has been the Managing Director and Chief Executive Officer at IRESS Limited since October 14, 2009 and served as its Chief Technology Officer since November 3, 2016. Mr. Walsh serve...
CEO Compensation Analysis
Compensation vs Market: Andrew's total compensation ($USD2.32M) is above average for companies of similar size in the Australian market ($USD1.41M).
Compensation vs Earnings: Andrew's compensation has been consistent with company performance over the past year.
Experienced Management: IRE's management team is considered experienced (4.8 years average tenure).
Experienced Board: IRE's board of directors are considered experienced (4 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.
Iress Limited's employee growth, exchange listings and data sources
- Name: Iress Limited
- Ticker: IRE
- Exchange: ASX
- Founded: 1993
- Industry: Application Software
- Sector: Software
- Market Cap: AU$2.228b
- Shares outstanding: 188.83m
- Website: https://www.iress.com
Number of Employees
- Iress Limited
- 385 Bourke Street
- Level 16
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/18 07:04|
|End of Day Share Price||2021/10/18 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.