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IRI

Integrated Research CHIA:IRI Stock Report

Last Price

AU$0.53

Market Cap

AU$88.0m

7D

5.0%

1Y

-71.5%

Updated

31 Jul, 2022

Data

Company Financials +
IRI fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance0/6
Financial Health5/6
Dividends0/6

IRI Stock Overview

Integrated Research Limited designs, develops, implements, and sells systems and applications management computer software for business-critical computing, and unified communication and payment networks.

Integrated Research Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Integrated Research
Historical stock prices
Current Share PriceAU$0.53
52 Week HighAU$2.18
52 Week LowAU$0.36
Beta0.96
1 Month Change11.70%
3 Month Change-29.77%
1 Year Change-71.55%
3 Year Change-81.05%
5 Year Change-84.14%
Change since IPO-50.00%

Recent News & Updates

Shareholder Returns

IRIAU SoftwareAU Market
7D5.0%1.4%2.3%
1Y-71.5%-12.1%-7.6%

Return vs Industry: IRI underperformed the Australian Software industry which returned -12.1% over the past year.

Return vs Market: IRI underperformed the Australian Market which returned -7.6% over the past year.

Price Volatility

Is IRI's price volatile compared to industry and market?
IRI volatility
IRI Average Weekly Movement10.1%
Software Industry Average Movement12.5%
Market Average Movement10.6%
10% most volatile stocks in AU Market17.6%
10% least volatile stocks in AU Market4.7%

Stable Share Price: IRI is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 10% a week.

Volatility Over Time: IRI's weekly volatility (10%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1988224John Ruthvenhttps://www.ir.com

Integrated Research Limited designs, develops, implements, and sells systems and applications management computer software for business-critical computing, and unified communication and payment networks. The company offers Prognosis, an integrated suite of monitoring and management software designed to give an organization’s management and technical personnel operational insight into the HP NonStop platform, distributed system servers, unified communications, payment environments, and the business applications. It also provides testing, maintenance, and professional services, as well as software as a service solution.

Integrated Research Fundamentals Summary

How do Integrated Research's earnings and revenue compare to its market cap?
IRI fundamental statistics
Market CapAU$87.97m
Earnings (TTM)AU$9.59m
Revenue (TTM)AU$76.67m

9.2x

P/E Ratio

1.1x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
IRI income statement (TTM)
RevenueAU$76.67m
Cost of RevenueAU$0
Gross ProfitAU$76.67m
Other ExpensesAU$67.08m
EarningsAU$9.59m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

Aug 18, 2022

Earnings per share (EPS)0.056
Gross Margin100.00%
Net Profit Margin12.51%
Debt/Equity Ratio6.4%

How did IRI perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

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

Valuation Score

4/6

Valuation Score 4/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

IRI key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue1.1x
Enterprise Value/EBITDA11x
PEG Ration/a

Price to Earnings Ratio vs Peers

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

IRI PE Ratio vs 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.
CompanyPEEstimated GrowthMarket Cap
Peer Average26.1x
COS COSOL
17.9xn/aAU$85.2m
ADA Adacel Technologies
13.7xn/aAU$66.5m
MSL MSL Solutions
58.7x37.2%AU$60.1m
RKN Reckon
14.2x3.6%AU$138.2m
IRI Integrated Research
9.2xn/aAU$88.0m

Price-To-Earnings vs Peers: IRI is good value based on its Price-To-Earnings Ratio (9.2x) compared to the peer average (26.1x).


Price to Earnings Ratio vs Industry

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

Price-To-Earnings vs Industry: IRI is good value based on its Price-To-Earnings Ratio (9.2x) compared to the Australian Software industry average (26.3x)


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 Ratio9.2x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate IRI's Price-To-Earnings Fair Ratio for valuation analysis.


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$0.53) is trading below our estimate of fair value (A$0.7)

Significantly Below Fair Value: IRI is trading below fair value by more than 20%.


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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Future Growth

How is Integrated Research forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


2.6%

Forecasted annual revenue growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if IRI's forecast earnings growth is above the savings rate (1.8%).

Earnings vs Market: Insufficient data to determine if IRI's earnings are forecast to grow faster than the Australian market

High Growth Earnings: Insufficient data to determine if IRI's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: IRI's revenue (2.6% per year) is forecast to grow slower than the Australian market (5.6% per year).

High Growth Revenue: IRI's revenue (2.6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: IRI's Return on Equity is forecast to be low in 3 years time (2%).


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Past Performance

How has Integrated Research performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-9.8%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: IRI has a large one-off gain of A$2.0M impacting its December 31 2021 financial results.

Growing Profit Margin: IRI's current net profit margins (12.5%) are lower than last year (13.5%).


Past Earnings Growth Analysis

Earnings Trend: IRI's earnings have declined by 9.8% per year over the past 5 years.

Accelerating Growth: IRI's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: IRI had negative earnings growth (-22.4%) over the past year, making it difficult to compare to the Software industry average (21.2%).


Return on Equity

High ROE: IRI's Return on Equity (11.1%) is considered low.


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Financial Health

How is Integrated Research's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: IRI's short term assets (A$65.9M) exceed its short term liabilities (A$29.2M).

Long Term Liabilities: IRI's short term assets (A$65.9M) exceed its long term liabilities (A$19.4M).


Debt to Equity History and Analysis

Debt Level: IRI has more cash than its total debt.

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 (332.5%).

Interest Coverage: IRI earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


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Dividend

What is Integrated Research current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage

Dividend Yield vs Market

Notable Dividend: Unable to evaluate IRI's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate IRI's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if IRI's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if IRI's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: IRI is not paying a notable dividend for the Australian market.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as IRI has not reported any payouts.


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Management

How experienced are the management team and are they aligned to shareholders interests?

2.8yrs

Average management tenure


CEO

John Ruthven

3yrs

Tenure

AU$841,578

Compensation

Mr. John Ruthven has been the Managing Director and Director at Integrated Research Limited since September 12, 2019 and is its Chief Executive Officer since July 8, 2019. Mr. Ruthven served as Operating O...


CEO Compensation Analysis

Compensation vs Market: John's total compensation ($USD587.16K) is above average for companies of similar size in the Australian market ($USD282.56K).

Compensation vs Earnings: John's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: IRI's management team is considered experienced (2.8 years average tenure).


Board Members

Experienced Board: IRI's board of directors are not considered experienced ( 2.8 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 employee growth, exchange listings and data sources


Key Information

  • Name: Integrated Research Limited
  • Ticker: IRI
  • Exchange: CHIA
  • Founded: 1988
  • Industry: Application Software
  • Sector: Software
  • Implied Market Cap: AU$87.969m
  • Shares outstanding: 172.49m
  • 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


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/07/31 00:00
End of Day Share Price2022/07/29 00:00
Earnings2021/12/31
Annual Earnings2021/06/30


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.