Welcome to InvestSMART

You are currently viewing our site as a guest, which gives you limited access to our site features. By signing up for a free membership, you will receive our Investment Opportunity newsletters and have access to additional features for finding and comparing managed funds and shares. Registration is fast and simple, so please:

General Information

iiNET Limited
Alternative Carriers

Current Price Data+

Current Price Open High Low Last Close Volume Price Movement
$9.41 $9.42 $9.42 $9.38 $9.40 557968 $0.01 ( 0.11% )
  • +Security prices are delayed by least 20 minutes and are indicative only.

Current Broker Consensus Recommendation


Company Overview

Business Description
iiNet Limited (IIN) is a DSL Internet Service Provider (ISP) supporting 1.7 million broadband, telephony, mobile and Internet Protocol TV (IPTV) services to a range of residential, regional and corporate customers across Australia.
Strategy Analysis
IIN will continue its commitment to ADSL broadband, supported by the installation of its own DSLAMs, which provides a lower cost base than its competitors. Despite the National Broadband Network, rollout of its own DSLAMs will continue on a selective basis. Other strategies include: Brand launch campaigns for brand awareness, customer service and additional products such as VoIP, internet package and IPTV. iiNET reported NPAT of $31.94m for the half-year ended 31 December 2012. Revenues from ordinary activities were $473.6m, up 30% from the same period last year. The increase in revenue was attributable to the following: continued expansion of the services provided to existing residential and business broadband customers; the acquisition of the TransACT Group on 30 November 2011; and the acquisition of Internode on 31 January 2012. Diluted EPS was 19.7 cents compared to 9.5 cents last year. Net operating cash flow was $71.66m compared to $22.74m last year. The interim dividend declared was 8.0 cents compared with 6.0 cents last year.

Financial Summary

Year to Jun NPAT EPS EPS chg (%) PER DPS Yield (%) Franking (%)
2016 F 73.2 44.7 8.4% 21.0 25.0 2.7% 100.0%
2015 F 67.3 41.2 2.0% 22.8 23.0 2.4% 100.0%
2014 A 65.8 40.4 1.0% 16.5 22.0 3.3% 100.0%

Peer Comparison

Company Mkt Cap EPS Growth (%) P/E (%) Dividend Yield (%)
2014 A 2015 F 2016 F 2014 A 2015 F 2016 F 2014 A 2015 F 2016 F
Chorus (CNU) $1,019M -0.2287 0.0015 0.0207 9.3625 9.3489 9.1589 0.00% 0.00% 2.72%
iiNET (IIN) $1,547M 0.0747 0.0398 0.0895 23.2616 22.3703 20.5330 2.34% 2.66% 2.81%
First Opportunity Fund (VOC) $1,420M 0.4325 0.1581 0.3790 38.2517 33.0300 23.9519 0.29% 1.30% 0.89%

Financial Summary

Earnings P/E Ratio P/B Ratio P/E Growth
Company 0.33 22.40 4.26 3.48
Market 0.90 16.20 1.34 1.33
Sector 0.26 17.70 2.96 1.55


Name Position Start Date
Mr Peter Richard James Non-Executive Director 28/11/2003
Mr David Campbell Grant Non-Executive Director 12/10/2006
Mr Patrick Redmond Joseph O'Sullivan Non-Executive Director 22/04/2014
Ms Louise McCann Non-Executive Director 14/04/2011
Mr Paul McCarney Non-Executive Director 22/04/2014
Mr Michael K Smith Non-Executive Director, Non-Executive Chairman 19/09/2007


Name Position
Greg Bader Chief Business Officer
David Buckingham Chief Executive Officer
Maryna Fewster Chief Operating Officer
Steve Dalby Chief Regulatory Officer
Ben Jenkins Company Secretary

Substantial Shareholders

Holding Name
10,184,137 (6.32%) TPG Telecom Limited

Calendar of Events

Date Event
18 February 2016 Report (Interim)
22 September 2015 Report (Annual)
20 August 2015 Report (Prelim)
© 2011 Morningstar, Inc. All rights reserved. The data and content contained herein are not guaranteed to be accurate, complete or timely. Neither Morningstar, nor its affiliates nor their content providers will have any liability for use or distribution of any of this information. To the extent that any of the content above constitutes advice, it is general advice that has been prepared by Morningstar Australasia Pty Ltd ABN: 95 090 665 544, AFSL: 240892 (a subsidiary of Morningstar, Inc.), without reference to your objectives, financial situation or needs. Before acting on any advice, you should consider the appropriateness of the advice and we recommend you obtain financial, legal and taxation advice before making any financial investment decision. If applicable investors should obtain the relevant product disclosure statement and consider it before making any decision to invest. Some material is copyright and published under licence from ASX Operations Pty Limited ACN 004 523 782 ("ASXO"). DISCLOSURE: Employees may have an interest in the securities discussed in this report. Please refer to our Financial Services Guide (FSG) for more information at www.morningstar.com.au/fsg.asp.