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. More Details
Excellent balance sheet and good value.
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 has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
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 -6.9% 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 StIs IRESS (ASX:IRE) Likely To Turn Things Around?
2 weeks ago | Simply Wall StIs It Too Late To Consider Buying IRESS Limited (ASX:IRE)?
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$9.83) is trading below our estimate of fair value (A$12.81)
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 (28x) compared to the AU Software industry average (33.3x).
PE vs Market: IRE is poor value based on its PE Ratio (28x) compared to the Australian market (21.5x).
Price to Earnings Growth Ratio
PEG Ratio: IRE is poor value based on its PEG Ratio (1.7x)
Price to Book Ratio
PB vs Industry: IRE is good value based on its PB Ratio (3.4x) compared to the AU Software industry average (5.7x).
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 (16.7% per year) is above the savings rate (2.3%).
Earnings vs Market: IRE's earnings (16.7% per year) are forecast to grow slower than the Australian market (17.7% per year).
High Growth Earnings: IRE's earnings are forecast to grow, but not significantly.
Revenue vs Market: IRE's revenue (7.5% per year) is forecast to grow faster than the Australian market (4.6% per year).
High Growth Revenue: IRE's revenue (7.5% 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 low in 3 years time (16.6%).
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 (11.4%) are lower than last year (13.1%).
Past Earnings Growth Analysis
Earnings Trend: IRE's earnings have grown by 3.7% per year over the past 5 years.
Accelerating Growth: IRE's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: IRE had negative earnings growth (-2.1%) over the past year, making it difficult to compare to the Software industry average (21%).
Return on Equity
High ROE: IRE's Return on Equity (11.1%) is considered low.
How is IRESS's financial position?
Financial Position Analysis
Short Term Liabilities: IRE's short term assets (A$174.8M) exceed its short term liabilities (A$105.3M).
Long Term Liabilities: IRE's short term assets (A$174.8M) do not cover its long term liabilities (A$250.3M).
Debt to Equity History and Analysis
Debt Level: IRE's debt to equity ratio (26.8%) is considered satisfactory.
Reducing Debt: IRE's debt to equity ratio has reduced from 59.1% to 26.8% over the past 5 years.
Debt Coverage: IRE's debt is well covered by operating cash flow (77.5%).
Interest Coverage: IRE's interest payments on its debt are well covered by EBIT (10.5x coverage).
What is IRESS current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: IRE's dividend (4.68%) is higher than the bottom 25% of dividend payers in the Australian market (2.09%).
High Dividend: IRE's dividend (4.68%) is low compared to the top 25% of dividend payers in the Australian market (5.45%).
Stability and Growth of Payments
Stable Dividend: IRE's dividends per share have been stable in the past 10 years.
Growing Dividend: IRE's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (131%), IRE's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: IRE's dividends in 3 years are not forecast to be well covered by earnings (99.5% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Andrew Walsh (46 yo)
Mr. Andrew Leslie Walsh has been the Managing Director and Chief Executive Officer at IRESS Limited since October 14, 2009 and served as its Chief Technology Officer since November 3, 2016. Mr. Walsh serve ...
CEO Compensation Analysis
Compensation vs Market: Andrew's total compensation ($USD1.95M) is above average for companies of similar size in the Australian market ($USD1.30M).
Compensation vs Earnings: Andrew's compensation has been consistent with company performance over the past year.
|MD, CEO & Director||11yrs||AU$2.74m||0.29% |
|Chief Financial Officer||5.5yrs||AU$1.12m||0.013% |
|Chief Technology Officer||3.75yrs||AU$1.24m||no data|
|Group General Counsel & Company Secretary||9.33yrs||AU$747.01k||0.011% |
|Group Executive of Human Resources||7.08yrs||AU$810.25k||0.0019% |
|Group Executive of Client Solutions||4.92yrs||AU$1.06m||0.0059% |
|Group Executive of Communications & Marketing||3.75yrs||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|
|Part-Time Chief Architect||3.75yrs||AU$962.66k||no data|
|Managing Director of Australia & New Zealand - Wealth Management||no data||AU$495.12k||no data|
|Managing Director of Asia||10.17yrs||no data||no data|
Experienced Management: IRE's management team is seasoned and experienced (5.5 years average tenure).
|MD, CEO & Director||11yrs||AU$2.74m||0.29% |
|Independent Non-Executive Director||5.67yrs||AU$130.00k||0.0042% |
|Independent Chairman of the Board||6.17yrs||AU$240.00k||0.027% |
|Independent Non-Executive Director||9.33yrs||AU$154.00k||0.0080% |
|Independent Non-Executive Director||10.58yrs||AU$130.00k||0.022% |
|Independent Non-Executive Director||5.67yrs||AU$142.35k||0.0059% |
|Independent Non-Executive Director||0.67yr||no data||no data|
|Independent Non Executive Director||3yrs||AU$130.00k||0.0014% |
|Independent Non-Executive Director||0.67yr||no data||0.0073% |
Experienced Board: IRE's board of directors are considered experienced (5.7 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 been diluted in the past year, with total shares outstanding growing by 10.5%.
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$1.875b
- Shares outstanding: 190.76m
- 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, ...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/10/25 10:32|
|End of Day Share Price||2020/10/23 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.