Integrated Research Limited

ASX:IRI Stock Report

Market Cap: AU$108.2m

Integrated Research Valuation

Is IRI undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of IRI when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: IRI (A$0.59) is trading above our estimate of fair value (A$0.24)

Significantly Below Fair Value: IRI is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for IRI?

Key metric: As IRI is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for IRI. This is calculated by dividing IRI's market cap by their current earnings.
What is IRI's PE Ratio?
PE Ratio3.9x
EarningsAU$27.13m
Market CapAU$108.19m

Price to Earnings Ratio vs Peers

How does IRI's PE Ratio compare to its peers?

The above table shows the PE ratio for IRI vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average71.3x
RKN Reckon
13.1x18.3%AU$63.4m
SYM Symbio Holdings
127.7x44.5%AU$225.7m
EOL Energy One
126.9x48.5%AU$182.8m
COS COSOL
17.7x19.8%AU$150.8m
IRI Integrated Research
3.9x-20.4%AU$104.6m

Price-To-Earnings vs Peers: IRI is good value based on its Price-To-Earnings Ratio (3.9x) compared to the peer average (71.3x).

Price to Earnings Ratio vs Industry

How does IRI's PE Ratio compare vs other companies in the AU Software Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.63.1x27.8%
IRI Integrated Research
 3.9x-20.4%US$68.21m
No more companies available in this PE range
IRI 3.9xIndustry Avg. 63.1xNo. of Companies3PE020406080100+
1 CompanyEstimated GrowthMarket Cap
Industry Avg.63.1x27.8%
IRI Integrated Research
 3.9x-20.4%US$68.21m
No more companies

Price-To-Earnings vs Industry: IRI is good value based on its Price-To-Earnings Ratio (3.9x) compared to the Australian Software industry average (63.1x).

Price to Earnings Ratio vs Fair Ratio

What is IRI's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

IRI PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio3.9x
Fair PE Ratio23x

Price-To-Earnings vs Fair Ratio: IRI is good value based on its Price-To-Earnings Ratio (3.9x) compared to the estimated Fair Price-To-Earnings Ratio (22.9x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.

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