Executive Summary
Integrated Research Limited designs, develops, implements, and sells systems and applications management computer software for business-critical computing, unified communication networks, and payment networks in the Americas, Europe, and the Asia Pacific. More Details
Rewards
Risk Analysis
Snowflake Analysis
Excellent balance sheet established dividend payer.
Similar Companies
Share Price & News
How has Integrated Research's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: IRI is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: IRI's weekly volatility (6%) has been stable over the past year.
Market Performance
7 Day Return
2.8%
IRI
6.4%
AU Software
1.4%
AU Market
1 Year Return
-11.9%
IRI
27.1%
AU Software
-0.6%
AU Market
Return vs Industry: IRI underperformed the Australian Software industry which returned 27.1% over the past year.
Return vs Market: IRI underperformed the Australian Market which returned -0.6% over the past year.
Shareholder returns
| IRI | Industry | Market | |
|---|---|---|---|
| 7 Day | 2.8% | 6.4% | 1.4% |
| 30 Day | -12.5% | -0.2% | 3.0% |
| 90 Day | -28.9% | 6.6% | 12.2% |
| 1 Year | -10.1%-11.9% | 28.1%27.1% | 2.8%-0.6% |
| 3 Year | -28.7%-33.5% | 106.4%99.5% | 27.0%11.4% |
| 5 Year | 39.4%23.4% | 173.0%169.0% | 68.6%34.6% |
Long-Term Price Volatility Vs. Market
How volatile is Integrated Research's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall St
Is There More To The Story Than Integrated Research's (ASX:IRI) Earnings Growth?1 month ago | Simply Wall St
Need To Know: This Analyst Just Made A Substantial Cut To Their Integrated Research Limited (ASX:IRI) EstimatesValuation
Is Integrated Research undervalued compared to its fair value and its price relative to the market?
18.43x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: IRI (A$2.58) is trading above our estimate of fair value (A$1.04)
Significantly Below Fair Value: IRI is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: IRI is good value based on its PE Ratio (18.4x) compared to the AU Software industry average (34x).
PE vs Market: IRI is good value based on its PE Ratio (18.4x) compared to the Australian market (23x).
Price to Earnings Growth Ratio
PEG Ratio: IRI is poor value based on its PEG Ratio (6.6x)
Price to Book Ratio
PB vs Industry: IRI is good value based on its PB Ratio (5.4x) compared to the AU Software industry average (5.5x).
Next Steps
Future Growth
How is Integrated Research forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
2.8%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: IRI's forecast earnings growth (2.8% per year) is above the savings rate (2%).
Earnings vs Market: IRI's earnings (2.8% per year) are forecast to grow slower than the Australian market (18.8% per year).
High Growth Earnings: IRI's earnings are forecast to grow, but not significantly.
Revenue vs Market: IRI's revenue is expected to decline over the next 3 years (-0.5% per year).
High Growth Revenue: IRI's revenue is forecast to decline over the next 3 years (-0.5% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: IRI's Return on Equity is forecast to be high in 3 years time (21.1%)
Next Steps
Past Performance
How has Integrated Research performed over the past 5 years?
10.8%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: IRI has a high level of non-cash earnings.
Growing Profit Margin: IRI's current net profit margins (21.7%) are higher than last year (21.7%).
Past Earnings Growth Analysis
Earnings Trend: IRI's earnings have grown by 10.8% per year over the past 5 years.
Accelerating Growth: IRI's earnings growth over the past year (10.1%) is below its 5-year average (10.8% per year).
Earnings vs Industry: IRI earnings growth over the past year (10.1%) underperformed the Software industry 21%.
Return on Equity
High ROE: IRI's Return on Equity (29.1%) is considered high.
Next Steps
Financial Health
How is Integrated Research's financial position?
Financial Position Analysis
Short Term Liabilities: IRI's short term assets (A$70.6M) exceed its short term liabilities (A$38.4M).
Long Term Liabilities: IRI's short term assets (A$70.6M) exceed its long term liabilities (A$18.9M).
Debt to Equity History and Analysis
Debt Level: IRI's debt to equity ratio (6.1%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if IRI's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: IRI's debt is well covered by operating cash flow (483%).
Interest Coverage: IRI earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
Next Steps
Dividend
What is Integrated Research current dividend yield, its reliability and sustainability?
2.81%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: IRI's dividend (2.81%) is higher than the bottom 25% of dividend payers in the Australian market (2.05%).
High Dividend: IRI's dividend (2.81%) is low compared to the top 25% of dividend payers in the Australian market (4.99%).
Stability and Growth of Payments
Stable Dividend: IRI's dividends per share have been stable in the past 10 years.
Growing Dividend: IRI's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (51.8%), IRI's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: IRI's dividends in 3 years are forecast to be well covered by earnings (49.2% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
2.2yrs
Average management tenure
CEO
John Ruthven
1.5yrs
Tenure
AU$864,631
Compensation
Mr. John Ruthven has been the Managing Director and Director at Integrated Research Limited since September 12, 2019 and its Chief Executive Officer since July 8, 2019. Mr. Ruthven served as Operating Offi...
CEO Compensation Analysis
Compensation vs Market: John's total compensation ($USD667.21K) is about average for companies of similar size in the Australian market ($USD702.21K).
Compensation vs Earnings: Insufficient data to compare John's compensation with company performance.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| MD, CEO & Director | 1.5yrs | AU$864.63k | no data | |
| Chief Financial Officer | 12.83yrs | AU$654.83k | 0.0058% A$ 25.4k | |
| Chief Commercial Officer | 2yrs | AU$763.03k | no data | |
| Chief Technology Officer | 1.33yrs | no data | no data | |
| Chief Marketing & Product Officer | 7.25yrs | AU$433.09k | 0% A$ 0 | |
| Chief People & Culture Officer | 3.33yrs | no data | no data | |
| Head of Europe | 1.67yrs | no data | no data | |
| Company Secretary | 8.5yrs | AU$91.52k | no data | |
| 2.17yrs | AU$64.06k | 30.13% A$ 131.8m |
2.2yrs
Average Tenure
Experienced Management: IRI's management team is considered experienced (2.2 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| MD, CEO & Director | 1.5yrs | AU$864.63k | no data | |
| Independent Non-Executive Director | 10.5yrs | AU$100.00k | no data | |
| Independent Non-Executive Director | 7.92yrs | AU$110.00k | 0.0052% A$ 22.9k | |
| Independent Chairman | 2.17yrs | AU$180.00k | 0.023% A$ 99.9k | |
| Non-Executive Independent Director | 2.5yrs | AU$90.00k | 0.0052% A$ 22.9k |
2.5yrs
Average Tenure
64yo
Average Age
Experienced Board: IRI's board of directors are not considered experienced ( 2.5 years average tenure), which suggests a new board.
Ownership
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
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Integrated Research Limited's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Integrated Research Limited
- Ticker: IRI
- Exchange: ASX
- Founded: 1988
- Industry: Application Software
- Sector: Software
- Market Cap: AU$437.324m
- Shares outstanding: 172.17m
- Website: https://www.ir.com
Number of Employees
Location
- Integrated Research Limited
- 100 Pacific Highway
- Level 9
- North Sydney
- New South Wales
- 2060
- Australia
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| IRI | ASX (Australian Securities Exchange) | Yes | Ordinary Shares | AU | AUD | Dec 2000 |
| IREH.F | OTCPK (Pink Sheets LLC) | Yes | Ordinary Shares | US | USD | Dec 2000 |
| IRI | CHIA (Chi-X Australia) | Yes | Ordinary Shares | AU | AUD | Dec 2000 |
Biography
Integrated Research Limited designs, develops, implements, and sells systems and applications management computer software for business-critical computing, unified communication networks, and payment netwo...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/25 07:00 |
| End of Day Share Price | 2021/01/25 00:00 |
| Earnings | 2020/06/30 |
| Annual Earnings | 2020/06/30 |
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.