New Risk • May 31
New minor risk - Dividend sustainability The dividend is not well covered by earnings. Dividend per share is over 22x earnings per share. Dividend yield: 2.7% This is considered a minor risk. Companies that pay out too much of their earnings are at risk of having to reduce or cut their dividend in future. If earnings growth slows or earnings fall, then there may not be enough earnings to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. However, this risk is mitigated by the fact the dividend is covered by cash flows. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.0x net interest cover). Minor Risks Dividend is not well covered by earnings (dividend per share is over 22x earnings per share). Profit margins are more than 30% lower than last year (0.1% net profit margin). Duyuru • Feb 26
IDP Education Limited Announces Distribution for the Six Months Ended December 31, 2025, Payable on March 26, 2026 IDP Education Limited announced distribution of AUD 0.03000000 per security for the six months ended December 31, 2025, payable on March 26, 2026. Ex-date is March 4, 2026. Record date is March 5, 2026. Duyuru • Sep 22
IDP Education Limited(ASX:IEL) dropped from FTSE All-World Index (USD) IDP Education Limited(ASX:IEL) dropped from FTSE All-World Index (USD) Duyuru • Sep 15
IDP Education Limited, Annual General Meeting, Oct 21, 2025 IDP Education Limited, Annual General Meeting, Oct 21, 2025. Declared Dividend • Aug 30
Final dividend of AU$0.05 announced Shareholders will receive a dividend of AU$0.05. Ex-date: 10th September 2025 Payment date: 25th September 2025 Dividend yield will be 2.5%, which is higher than the industry average of 2.4%. Sustainability & Growth Dividend is covered by both earnings (88% earnings payout ratio) and cash flows (39% cash payout ratio). The dividend has increased by an average of 6.9% per year over the past 9 years. However, payments have been volatile during that time. EPS is expected to grow by 85% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Aug 28
Full year 2025 earnings released: EPS: AU$0.16 (vs AU$0.48 in FY 2024) Full year 2025 results: EPS: AU$0.16 (down from AU$0.48 in FY 2024). Revenue: AU$882.2m (down 15% from FY 2024). Net income: AU$44.5m (down 67% from FY 2024). Profit margin: 5.0% (down from 13% in FY 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 9.0% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Consumer Services industry in Australia. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has fallen by 41% per year, which means it is performing significantly worse than earnings. Duyuru • Mar 01
Idp Education Limited Announces Ordinary Dividend for Period of Six Months Ended December 31, 2024, Payable on March 27, 2025 IDP Education Limited announces ordinary dividend of AUD 0.09 per security for period of six months ended December 31, 2024, Payable on March 27, 2025. Record date is March 6, 2025. Ex date is March 5, 2025. Reported Earnings • Aug 30
Full year 2024 earnings released: EPS: AU$0.48 (vs AU$0.53 in FY 2023) Full year 2024 results: EPS: AU$0.48 (down from AU$0.53 in FY 2023). Revenue: AU$1.04b (up 5.6% from FY 2023). Net income: AU$132.7m (down 11% from FY 2023). Profit margin: 13% (down from 15% in FY 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the Consumer Services industry in Australia. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has fallen by 20% per year, which means it is significantly lagging earnings. Duyuru • Jun 08
IDP Education Limited to Report Fiscal Year 2024 Results on Aug 29, 2024 IDP Education Limited announced that they will report fiscal year 2024 results on Aug 29, 2024 Upcoming Dividend • Feb 29
Upcoming dividend of AU$0.25 per share Eligible shareholders must have bought the stock before 07 March 2024. Payment date: 27 March 2024. Payout ratio and cash payout ratio are on the higher end at 77% and 93% respectively. Trailing yield: 2.1%. Lower than top quartile of Australian dividend payers (6.4%). Lower than average of industry peers (2.5%). Declared Dividend • Feb 16
First half dividend increased to AU$0.25 Dividend of AU$0.25 is 19% higher than last year. Ex-date: 7th March 2024 Payment date: 27th March 2024 Dividend yield will be 2.2%, which is lower than the industry average of 2.4%. Sustainability & Growth Dividend is covered by earnings (77% earnings payout ratio) but not adequately covered by cash flows (93% cash payout ratio). The dividend has increased by an average of 33% per year over the past 7 years. However, payments have been volatile during that time. EPS is expected to grow by 48% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Feb 15
First half 2024 earnings released: EPS: AU$0.35 (vs AU$0.29 in 1H 2023) First half 2024 results: EPS: AU$0.35 (up from AU$0.29 in 1H 2023). Revenue: AU$579.1m (up 15% from 1H 2023). Net income: AU$97.2m (up 19% from 1H 2023). Profit margin: 17% (in line with 1H 2023). Revenue is forecast to grow 9.7% p.a. on average during the next 3 years, compared to a 9.4% growth forecast for the Consumer Services industry in Australia. Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Duyuru • Jan 19
IDP Education Limited to Report First Half, 2024 Results on Feb 14, 2024 IDP Education Limited announced that they will report first half, 2024 results on Feb 14, 2024 Duyuru • Dec 13
IDP Education Limited Announces Resignation of Murray Walton as Chief Financial Officer IDP Education Limited announced that its Chief Financial Officer (CFO), Mr. Murray Walton, will step down from his current role in March 2024, after 14 years in the position. Walton joined IDP as its CFO and Company Secretary in March 2010 and has overseen a period of significant expansion and transformation for the Company. Mr. Walton also acted as the Company's Interim Chief Executive Officer from September 2022 to February 2023. During his time as CFO Mr. Walton has played a key role in IDP's success including: Conducting an Initial Public Offering (IPO) and listing on the ASX. Expanding its operations into 56 countries. Developing and implementing the corporate governance framework required to support the listing and growth. Significant growth in financial indicators culminating in a record FY23 revenue of $982 million with adjusted EBIT growth of 40% to $228 million. Buying Opportunity • Dec 05
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 7.2%. The fair value is estimated to be AU$28.79, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 25% over the last 3 years. Earnings per share has grown by 43%. For the next 3 years, revenue is forecast to grow by 12% per annum. Earnings is also forecast to grow by 16% per annum over the same time period. Duyuru • Oct 29
IDP Education Limited, Annual General Meeting, Oct 15, 2024 IDP Education Limited, Annual General Meeting, Oct 15, 2024, at 10:00 AUS Eastern Standard Time. Buying Opportunity • Oct 19
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 5.2%. The fair value is estimated to be AU$27.79, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 25% over the last 3 years. Earnings per share has grown by 43%. For the next 3 years, revenue is forecast to grow by 12% per annum. Earnings is also forecast to grow by 16% per annum over the same time period. Buying Opportunity • Sep 26
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 1.0%. The fair value is estimated to be AU$27.15, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 25% over the last 3 years. Earnings per share has grown by 43%. For the next 3 years, revenue is forecast to grow by 12% per annum. Earnings is also forecast to grow by 16% per annum over the same time period. Upcoming Dividend • Aug 28
Upcoming dividend of AU$0.20 per share at 1.6% yield Eligible shareholders must have bought the stock before 04 September 2023. Payment date: 28 September 2023. Payout ratio is on the higher end at 77%, however this is supported by cash flows. Trailing yield: 1.6%. Lower than top quartile of Australian dividend payers (7.1%). Lower than average of industry peers (2.0%). Reported Earnings • Aug 23
Full year 2023 earnings released Full year 2023 results: Revenue: AU$981.9m (up 24% from FY 2022). Net income: AU$154.2m (up 50% from FY 2022). Profit margin: 16% (up from 13% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Consumer Services industry in Australia. Duyuru • Jul 07
IDP Education Limited to Report Fiscal Year 2023 Results on Aug 23, 2023 IDP Education Limited announced that they will report fiscal year 2023 results on Aug 23, 2023 Valuation Update With 7 Day Price Move • May 29
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to AU$21.88, the stock trades at a forward P/E ratio of 34x. Average forward P/E is 14x in the Consumer Services industry in Australia. Total returns to shareholders of 31% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at AU$24.39 per share. Duyuru • May 23
IDP Education Limited (ASX:IEL) acquired 100% stake in The Ambassador Platform Ltd for £9 million. IDP Education Limited (ASX:IEL) acquired 100% stake in The Ambassador Platform Ltd for £9 million on May 23, 2023. The total consideration for the acquisition will be up to £9 million which IDP will fund through its existing cash balance. The announcement was authorized by a sub-committee of the IDP Board of Directors.
IDP Education Limited (ASX:IEL) completed the acquisition of 100% stake in The Ambassador Platform Ltd on May 23, 2023. Recent Insider Transactions • May 10
Non-Executive Director recently bought AU$66k worth of stock On the 4th of May, Michelle Tredenick bought around 3k shares on-market at roughly AU$26.46 per share. This trade did not impact their existing holding. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Duyuru • May 09
IDP Education Limited, Annual General Meeting, Oct 17, 2023 IDP Education Limited, Annual General Meeting, Oct 17, 2023, at 10:01 E. Australia Standard Time. Location: Assembly Room I & II, Level 5, Events Centre, Level 5, Collins Square, 727 Collins Street Docklands Australia Upcoming Dividend • Mar 02
Upcoming dividend of AU$0.21 per share at 1.5% yield Eligible shareholders must have bought the stock before 09 March 2023. Payment date: 31 March 2023. Payout ratio is a comfortable 72% but the company is paying out more than the cash it is generating. Trailing yield: 1.5%. Lower than top quartile of Australian dividend payers (7.0%). Lower than average of industry peers (2.0%). Reported Earnings • Feb 24
First half 2023 earnings released: EPS: AU$0.29 (vs AU$0.18 in 1H 2022) First half 2023 results: EPS: AU$0.29 (up from AU$0.18 in 1H 2022). Revenue: AU$501.8m (up 27% from 1H 2022). Net income: AU$82.0m (up 61% from 1H 2022). Profit margin: 16% (up from 13% in 1H 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Consumer Services industry in Australia. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Duyuru • Dec 08
IDP Education Limited to Report Q2, 2023 Results on Feb 23, 2023 IDP Education Limited announced that they will report Q2, 2023 results on Feb 23, 2023 Board Change • Nov 16
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 3 highly experienced directors. Non-Executive Director Michelle Tredenick was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Aug 31
Upcoming dividend of AU$0.14 per share Eligible shareholders must have bought the stock before 07 September 2022. Payment date: 29 September 2022. Payout ratio is a comfortable 73% and this is well supported by cash flows. Trailing yield: 1.0%. Lower than top quartile of Australian dividend payers (6.6%). Lower than average of industry peers (1.5%). Reported Earnings • Aug 26
Full year 2022 earnings released: EPS: AU$0.37 (vs AU$0.14 in FY 2021) Full year 2022 results: EPS: AU$0.37 (up from AU$0.14 in FY 2021). Revenue: AU$793.3m (up 50% from FY 2021). Net income: AU$102.6m (up 159% from FY 2021). Profit margin: 13% (up from 7.5% in FY 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 29%, compared to a 33% growth forecast for the Consumer Services industry in Australia. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 20% per year, which means it is well ahead of earnings. Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 3 highly experienced directors. Independent Non-Executive Director Colin Stirling was the last director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Buying Opportunity • Mar 12
Now 23% undervalued after recent price drop Over the last 90 days, the stock is down 19%. The fair value is estimated to be AU$36.98, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 18% per annum over the last 3 years. Upcoming Dividend • Feb 24
Upcoming dividend of AU$0.14 per share Eligible shareholders must have bought the stock before 03 March 2022. Payment date: 28 March 2022. Payout ratio is a comfortable 62% and this is well supported by cash flows. Trailing yield: 0.5%. Lower than top quartile of Australian dividend payers (5.4%). Lower than average of industry peers (1.0%). Buying Opportunity • Feb 12
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 26%. The fair value is estimated to be AU$36.39, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 18% per annum over the last 3 years. Duyuru • Feb 09
Idp Education Limited Declares Dividend for Six Months Ended December 31, 2021, Payable on March 28, 2022 IDP Education Limited declared dividend of AUD 0.13500000 for six months ended December 31, 2021. Ex-date is March 3, 2022. Record date is March 4, 2022. Payment Date is March 28, 2022. Recent Insider Transactions • Oct 07
Independent Non-Executive Chairman recently sold AU$93k worth of stock On the 30th of September, Peter Polson sold around 3k shares on-market at roughly AU$33.14 per share. In the last 3 months, there was an even bigger sale from another insider worth AU$4.9m. This was Peter's only on-market trade for the last 12 months. Recent Insider Transactions • Sep 14
MD, CEO & Director recently sold AU$4.9m worth of stock On the 7th of September, Andrew Barkla sold around 150k shares on-market at roughly AU$32.59 per share. This was the largest sale by an insider in the last 3 months. This was Andrew's only on-market trade for the last 12 months. Reported Earnings • Aug 27
Full year 2021 earnings released: EPS AU$0.14 (vs AU$0.26 in FY 2020) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2021 results: Revenue: AU$528.7m (down 9.9% from FY 2020). Net income: AU$39.7m (down 42% from FY 2020). Profit margin: 7.5% (down from 12% in FY 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 39% per year, which means it is well ahead of earnings. Duyuru • Aug 18
IDP Education Ordinary Fully Paid to Be Deleted from Other OTC IDP Education Limited Ordinary Fully Paid (Australia) will be deleted from Other OTC effective from August 18, 2021, due to Inactive Security. Duyuru • Jul 03
IDP Education Limited (ASX:IEL) entered into a binding agreement to acquire Indian IELTS operations of British Council for £130 million. IDP Education Limited (ASX:IEL) entered into a binding agreement to acquire Indian IELTS operations of British Council for £130 million on July 1, 2021. The consideration is paid on cash and debt free basis. IDP will fund the acquisition from existing cash and debt. The Transaction remains subject to customary completion conditions. The completion is expected to occur in August 2021. The transaction is estimated to be approximately 13% EPS accretive (pre-synergies) on a pro forma CY19 basis. Analyst Estimate Surprise Post Earnings • Feb 26
Revenue in line with expectations Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 44%, compared to a 33% growth forecast for the Consumer Services industry in Australia. Reported Earnings • Feb 25
First half 2021 earnings released: EPS AU$0.11 (vs AU$0.23 in 1H 2020) The company reported a poor first half result with weaker earnings, revenues and profit margins. First half 2021 results: Revenue: AU$269.1m (down 29% from 1H 2020). Net income: AU$29.8m (down 49% from 1H 2020). Profit margin: 11% (down from 15% in 1H 2020). Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 56% per year, which means it is tracking significantly ahead of earnings growth. Is New 90 Day High Low • Feb 25
New 90-day high: AU$26.90 The company is up 8.0% from its price of AU$24.87 on 27 November 2020. The Australian market is up 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Services industry, which is up 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is AU$27.74 per share. Is New 90 Day High Low • Nov 11
New 90-day high: AU$22.23 The company is up 63% from its price of AU$13.60 on 13 August 2020. The Australian market is up 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Services industry, which is up 43% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is AU$14.91 per share. Is New 90 Day High Low • Oct 15
New 90-day high: AU$20.21 The company is up 43% from its price of AU$14.14 on 17 July 2020. The Australian market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Services industry, which is up 27% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is AU$12.45 per share. Duyuru • Aug 20
IDP Education Limited Not to Declare A Full Year Dividend for the Year Ended 30 June 2020 IDP Education Limited board of directors has decided not to declare a full year dividend for the year ended June 30, 2020 compared to A final dividend of 7.5 cents per share franked at 45% was paid on 26 September 2019, a year ago. 
