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

IRE is expensive based on its Price-To-Earnings Ratio (86.5x) compared to the peer average (65.9x).

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

IRE is expensive based on its Price-To-Earnings Ratio (86.5x) compared to the Australian Software industry average (63.1x).

What is IRE'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.

IRE is expensive based on its Price-To-Earnings Ratio (86.5x) compared to the estimated Fair Price-To-Earnings Ratio (54.4x).

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

IRE (A$9.41) is trading below our estimate of [[fair value]] (A$16.98)

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

Target price is less than 20% higher than the current share price.

Iress (CHIA:IRE) - Stock Price, News & Analysis

IRE Stock Overview

Engages in the designing and developing software and services for the financial services industry in the Asia Pacific, the United Kingdom and Europe, Africa, and North America. More details

IRE fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	4/6
Past Performance	1/6
Financial Health	1/6
Dividends	0/6

Rewards

Trading at 44.6% below our estimate of its fair value

Earnings are forecast to grow 29.6% per year

Became profitable this year

Risk Analysis

Interest payments are not well covered by earnings

Large one-off items impacting financial results

Iress Limited Competitors

Objective

ASX:OCL

AU$1.6b

Hansen Technologies

ASX:HSN

AU$1.1b

Bravura Solutions

ASX:BVS

AU$677.0m

RPMGlobal Holdings

ASX:RUL

AU$706.6m

Price History & Performance

Summary of all time highs, changes and price drops for Iress
Historical stock prices
Current Share Price	AU$9.41
52 Week High	AU$11.12
52 Week Low	AU$5.73
Beta	1.1
11 Month Change	-6.46%
3 Month Change	-2.89%
1 Year Change	60.31%
33 Year Change	-23.25%
5 Year Change	-27.78%
Change since IPO	12.97%

Recent updates

Shareholder Returns

	IRE	AU Software	AU Market
7D	-2.9%	5.6%	1.5%
1Y	60.3%	87.8%	17.2%

Return vs Industry: IRE underperformed the Australian Software industry which returned 87.8% over the past year.

Return vs Market: IRE exceeded the Australian Market which returned 17.2% over the past year.

Price Volatility

Is IRE's price volatile compared to industry and market?
IRE volatility
IRE Average Weekly Movement	2.9%
Software Industry Average Movement	9.3%
Market Average Movement	8.6%
10% most volatile stocks in AU Market	17.3%
10% least volatile stocks in AU Market	3.4%

Stable Share Price: IRE has not had significant price volatility in the past 3 months compared to the Australian market.

Volatility Over Time: IRE's weekly volatility (3%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1993	1,900	Marcus Price	www.iress.com

Iress Limited engages in the designing and developing software and services for the financial services industry in the Asia Pacific, the United Kingdom and Europe, Africa, and North America. It offers client management, business automation, portfolio data, research, financial planning tools, scaled advice journeys, digital client solutions, data-driven compliance and analytics, and regulatory obligations management solutions; 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 and advice, lender connectivity, quoting, comparison, and application processing solutions.

Iress Limited Fundamentals Summary

How do Iress's earnings and revenue compare to its market cap?
IRE fundamental statistics
Market cap	AU$1.70b
Earnings (TTM)	AU$19.59m
Revenue (TTM)	AU$620.86m

86.5x

P/E Ratio

2.7x

P/S Ratio

Is IRE overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
IRE income statement (TTM)
Revenue	AU$620.86m
Cost of Revenue	AU$465.35m
Gross Profit	AU$155.51m
Other Expenses	AU$135.92m
Earnings	AU$19.59m

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

Feb 23, 2025

Earnings per share (EPS)	0.11
Gross Margin	25.05%
Net Profit Margin	3.16%
Debt/Equity Ratio	112.1%

How did IRE perform over the long term?

See historical performance and comparison

IRE Stock Overview

Rewards

Risk Analysis

Iress Limited Competitors

ASX:OCL

AU$1.6b

ASX:HSN

AU$1.1b

ASX:BVS

AU$677.0m

ASX:RUL

AU$706.6m

Price History & Performance

Recent News & Updates

Iress Limited Plan to Reinstate a Final Dividend for Fiscal Year 2024, Payable in March 2025

First half 2024 earnings released: EPS: AU$0.095 (vs AU$0.77 loss in 1H 2023)

Waiting Game for Blackstone with Low-Ball Offer for Iress Up in Air

Iress Limited to Report First Half, 2024 Results on Aug 19, 2024

Praemium Limited (ASX:PPS) agreed to acquire OneVue Holdings Limited from Iress Limited (ASX:IRE) for AUD 21 million.

Full year 2023 earnings released: AU$0.76 loss per share (vs AU$0.29 profit in FY 2022)

Recent updates

Iress Limited Plan to Reinstate a Final Dividend for Fiscal Year 2024, Payable in March 2025

First half 2024 earnings released: EPS: AU$0.095 (vs AU$0.77 loss in 1H 2023)

Waiting Game for Blackstone with Low-Ball Offer for Iress Up in Air

Iress Limited to Report First Half, 2024 Results on Aug 19, 2024

Praemium Limited (ASX:PPS) agreed to acquire OneVue Holdings Limited from Iress Limited (ASX:IRE) for AUD 21 million.

Full year 2023 earnings released: AU$0.76 loss per share (vs AU$0.29 profit in FY 2022)

Iress Limited, Annual General Meeting, May 02, 2024

Iress Limited to Report Second Half, 2023 Results on Feb 21, 2024

Iress Announces Executive Changes

Independent Non-Executive Chairman recently bought AU$200k worth of stock

SS&C Technologies Holdings, Inc. (NasdaqGS:SSNC) entered into definitive agreement to acquire Managed funds administration business of Iress for AUD 52 million.

First half 2023 earnings released: AU$0.77 loss per share (vs AU$0.16 profit in 1H 2022)

SS&C Technologies Holdings, Inc. (NasdaqGS:SSNC) entered into definitive agreement to acquire Managed funds administration business of Iress.

Iress Limited Announces Resignation of Peter Ferguson as Company Secretary Effective 10 August 2023

Now 20% undervalued

Iress Limited Appoints Georgina Gillingham as an Additional Company Secretary

Iress Limited Appoints Cameron Williamson as Group Chief Financial Officer, Effective from 24 July 2023

Iress Limited to Report Q2, 2023 Results on Aug 21, 2023

Independent Non-Executive Chairman recently bought AU$73k worth of stock

Full year 2022 earnings released: EPS: AU$0.29 (vs AU$0.39 in FY 2021)

Iress Limited, Annual General Meeting, May 04, 2023

Iress Limited to Report Fiscal Year 2022 Results on Feb 20, 2023

An unknown buyer acquired an unknown stake in Iress Limited (ASX:IRE) from Mirrabooka Investments Limited (ASX:MIR).

High number of new directors

High number of new directors

Iress Limited Appoints Anthony James Glenning as Non-Executive Director

MD, CEO & Director recently bought AU$203k worth of stock

Investor sentiment deteriorated over the past week

Non-Executive Director recently bought AU$300k worth of stock

Iress Limited Announces Joining of Anthony Glenning as Independent Non-Executive Director, Effective October 11, 2022

Upcoming dividend of AU$0.16 per share

First half 2022 earnings released: EPS: AU$0.16 (vs AU$0.21 in 1H 2021)

Iress Limited Announces Ordinary Franked Dividend for the Six Months Ended June 30, 2022, Payable on September 23, 2022

Iress Limited Appoints Marcus Colin Price as Non-Executive Director

Iress Limited Provides Earnings Guidance for the First Half of Year 2022 and Reaffirms Earnings Guidance for the Full Year 2022

Now 21% undervalued

Investor sentiment improved over the past week

Independent Non-Executive Director recently bought AU$130k worth of stock

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

Iress Limited Announces Ordinary Franked Dividend for the Six Months Ended December 31, 2021, Payable on March 18, 2022

Iress Limited, Annual General Meeting, May 05, 2022

Iress Limited to Report First Half, 2022 Results on Aug 18, 2022

Iress Limited to Report Fiscal Year 2021 Results on Feb 17, 2022

EQT Fund Management S.à r.l. cancelled the acquisition of Iress Limited (ASX:IRE).

Upcoming dividend of AU$0.16 per share

First half 2021 earnings released: EPS AU$0.21 (vs AU$0.15 in 1H 2020)

Investor sentiment improved over the past week

Independent Non-Executive Director has left the company

Independent Non-Executive Director has left the company

Independent Chairman of the Board Anthony D'Aloisio has left the company

Iress Limited Increases Earnings Guidance for the Fiscal Year 2021

Non-Executive Director recently bought AU$100k worth of stock

New 90-day low: AU$9.77

Full year 2020 earnings released: EPS AU$0.32 (vs AU$0.38 in FY 2019)

Revenue misses expectations

IRESS Limited Announces Board Changes

New 90-day high: AU$10.71

IRESS Limited (ASX:IRE) completed the acquisition of OneVue Holdings Limited (ASX:OVH) from Thorney Investment Group Australia Pty. Ltd., Abtourk Group and others.

IRESS Limited to Report First Half, 2021 Results on Aug 19, 2021