IRESS Limited provides market data, trading, compliance, order management, portfolio and wealth management, mortgages and related tools in Australia, New Zealand, Asia, North America, Europe, South Africa, and the United Kingdom.
Reasonable growth potential with adequate balance sheet.
Share Price & News
How has IRESS's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: IRE's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: IRE underperformed the Australian Software industry which returned -11.2% over the past year.
Return vs Market: IRE exceeded the Australian Market which returned -22.8% over the past year.
Price Volatility Vs. Market
How volatile is IRESS's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall StDon’t Buy IRESS Limited (ASX:IRE) Until You Understand Its ROCE
1 month ago | Simply Wall StWhy It Might Not Make Sense To Buy IRESS Limited (ASX:IRE) For Its Upcoming Dividend
1 month ago | Simply Wall StCould IRESS Limited (ASX:IRE) Have The Makings Of Another Dividend Aristocrat?
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$10.37) is trading below our estimate of fair value (A$12.41)
Significantly Below Fair Value: IRE is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: IRE is good value based on its PE Ratio (27.4x) compared to the Software industry average (29x).
PE vs Market: IRE is poor value based on its PE Ratio (27.4x) compared to the Australian market (12.6x).
Price to Earnings Growth Ratio
PEG Ratio: IRE is poor value based on its PEG Ratio (2.5x)
Price to Book Ratio
PB vs Industry: IRE is overvalued based on its PB Ratio (4.1x) compared to the AU Software industry average (2.6x).
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 (11% per year) is above the savings rate (1.1%).
Earnings vs Market: IRE's earnings (11% per year) are forecast to grow faster than the Australian market (10% per year).
High Growth Earnings: IRE's earnings are forecast to grow, but not significantly.
Revenue vs Market: IRE's revenue (6.1% per year) is forecast to grow faster than the Australian market (4.2% per year).
High Growth Revenue: IRE's revenue (6.1% 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 (22.1%)
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 (12.8%) are lower than last year (13.8%).
Past Earnings Growth Analysis
Earnings Trend: IRE's earnings have grown by 4.9% per year over the past 5 years.
Accelerating Growth: IRE's earnings growth over the past year (1.6%) is below its 5-year average (4.9% per year).
Earnings vs Industry: IRE earnings growth over the past year (1.6%) underperformed the Software industry 14.1%.
Return on Equity
High ROE: IRE's Return on Equity (15%) is considered low.
How is IRESS's financial position?
Financial Position Analysis
Short Term Liabilities: IRE's short term assets (A$115.3M) exceed its short term liabilities (A$85.6M).
Long Term Liabilities: IRE's short term assets (A$115.3M) do not cover its long term liabilities (A$316.4M).
Debt to Equity History and Analysis
Debt Level: IRE's debt to equity ratio (52.4%) is considered high.
Reducing Debt: IRE's debt to equity ratio has reduced from 58.1% to 52.4% over the past 5 years.
Debt Coverage: IRE's debt is well covered by operating cash flow (46%).
Interest Coverage: IRE's interest payments on its debt are well covered by EBIT (12x coverage).
Inventory Level: IRE has a low level of unsold assets or inventory.
Debt Coverage by Assets: IRE's debt is not covered by short term assets (assets are 0.5x debt).
What is IRESS's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: IRE's dividend (4.44%) is higher than the bottom 25% of dividend payers in the Australian market (3.37%).
High Dividend: IRE's dividend (4.44%) is low compared to the top 25% of dividend payers in the Australian market (8.57%).
Stability and Growth of Payments
Stable Dividend: IRE's dividends per share have been stable in the past 10 years.
Growing Dividend: IRE's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (121.5%), IRE's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: IRE's dividends in 3 years are not forecast to be well covered by earnings (97.2% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Andrew Walsh (45yo)
Mr. Andrew Leslie Walsh has been the Managing Director and Chief Executive Officer at IRESS Limited since October 14, 2009 and served as its Chief Technology Officer since November 3, 2016. Mr. Walsh serve ...
CEO Compensation Analysis
Compensation vs Market: Andrew's total compensation ($USD1.68M) is above average for companies of similar size in the Australian market ($USD1.07M).
Compensation vs Earnings: Andrew's compensation has been consistent with company performance over the past year.
|MD, CEO & Director||10.42yrs||AU$2.74m||0.23% A$4.2m|
|Chief Financial Officer||4.92yrs||AU$1.12m||0.014% A$247.5k|
|Chief Technology Officer||3.17yrs||AU$1.24m||no data|
|Group General Counsel & Company Secretary||8.75yrs||AU$747.01k||0.012% A$224.0k|
|Group Executive of Human Resources||6.5yrs||AU$810.25k||0.0021% A$38.1k|
|Group Executive of Product||4.17yrs||AU$1.17m||0.0076% A$136.5k|
|Group Executive of Client Solutions||4.33yrs||AU$1.06m||0.0064% A$115.9k|
|Group Executive of Communications & Marketing||3.17yrs||no data||no data|
|Managing Director of Sales & Strategic Relationships||no data||no data||no data|
|Manager Director of Australia & New Zealand - Financial Markets||no data||AU$721.74k||no data|
Experienced Management: IRE's management team is considered experienced (4.6 years average tenure).
|MD, CEO & Director||10.42yrs||AU$2.74m||0.23% A$4.2m|
|Independent Non-Executive Director||5.08yrs||AU$130.00k||0.0046% A$82.9k|
|Independent Non-Executive Director||11.58yrs||AU$154.00k||0.025% A$441.8k|
|Independent Chairman of the Board||5.58yrs||AU$240.00k||0.028% A$512.4k|
|Independent Non-Executive Director||8.75yrs||AU$154.00k||0.0080% A$143.0k|
|Independent Non-Executive Director||10yrs||AU$130.00k||0.021% A$380.3k|
|Independent Non-Executive Director||5.08yrs||AU$142.35k||0.0035% A$62.2k|
|Independent Non-Executive Director||0.083yr||no data||no data|
|Independent Non Executive Director||2.42yrs||AU$130.00k||0.0015% A$26.8k|
|Independent Non-Executive Director||0.083yr||no data||0.0063% A$114.1k|
Experienced Board: IRE's board of directors are considered experienced (5.3 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: IRE 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 company bio, employee growth, exchange listings and data sources
- Name: IRESS Limited
- Ticker: IRE
- Exchange: ASX
- Founded: 1993
- Industry: Application Software
- Sector: Software
- Market Cap: AU$1.799b
- Shares outstanding: 173.48m
- Website: https://www.iress.com
Number of Employees
- IRESS Limited
- 385 Bourke Street
- Level 16
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|IRE||ASX (Australian Securities Exchange)||Yes||Ordinary Shares||AU||AUD||Nov 2000|
|BRF||DB (Deutsche Boerse AG)||Yes||Ordinary Shares||DE||EUR||Nov 2000|
|IRE||CHIA (Chi-X Australia)||Yes||Ordinary Shares||AU||AUD||Nov 2000|
IRESS Limited provides market data, trading, compliance, order management, portfolio and wealth management, mortgages and related tools in Australia, New Zealand, Asia, North America, Europe, South Africa, and the United Kingdom. Its software products include trading interfaces, order and execution management, order routing, FIX, portfolio management, securities lending, analytical tools, connectivity services, and client relationship and wealth management products for investment managers and platforms, discretionary retail fund managers, private client adviser, and wealth managers, as well as for institutional sell side, retail, and online brokers. It also offers integrated financial advice software, which includes client management, business automation, portfolio data, research, financial tool planning, scaled advice journeys, digital client solutions, and data driven compliance and analytics for institutional advisory and independent advisory clients. In addition, the company offers superannuation administration software comprises of fund registry, digital member portal, digital advice solutions, and fund administration services; and multi-channel mortgage sales and origination software, such as automated workflow, application processing, mortgage comparison, mortgage advice, and lender connectivity for mortgage lenders and intermediaries. Further, it offers insurance and pension sourcing software, including quoting, comparison, and application processing products. The company was formerly known as IRESS Market Technology Limited and changed its name to IRESS Limited in May 2012. IRESS Limited was founded in 1993 and is based in Melbourne, Australia.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/03/28 10:35|
|End of Day Share Price||2020/03/27 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.