IRESS Limited (IRE) - Research

$13.955 0.255 (1.86%)

IRE General Information +

ASX Code IRE
Website http://www.iress.com
GICS Sub-Industry Application Software
Market Cap ($M) 2,438
Current Price $13.955
Day High $14.020
Day Low $13.730
Last Close $13.700
Price Movement $0.26 ( 1.86% )
Prices as at 13:15, 19 Jun 2019
+Security prices are delayed by at least 20 minutes and are indicative only.

Recommendation


IRESS Limited (IRE)
BUY
below
HOLD
up to
SELL
above
Current Price
$13.955 as at 13:15, 19 Jun 2019

Price at review
$13.955 on 24 Aug 18

Max Portfolio Weighting

Business Risk

Share Price Risk

IRE Related Research

IRE Company Overview

Business Description

IRESS Limited (IRE) is supplier of technology solutions for clients in the financial markets, wealth management, and mortgage sectors. IRESS has operations in Australia, New Zealand, the United Kingdom, South Africa, Canada and Asia.

IRE Financial Summary

Year to Dec NPAT EPS EPS chg (%) PER DPS Yield (%) Franking (%)
2020 F 96.35 55.45 13.60% 24.71 50.00 3.65% 35.0%
2019 F 84.38 48.81 4.80% 28.07 46.00 3.36% 10.0%
2018 A 80.10 46.58 7.60% 24.40 46.00 4.05% 47.0%

IRE Peer Comparison

Company Mkt Cap EPS Growth (%) P/E (%) Dividend Yield (%)
2018 A 2019 F 2020 F 2018 A 2019 F 2020 F 2018 A 2019 F 2020 F
Altium (ALU) $4,259M 0.2865 0.4360 0.2133 82.4823 57.4371 47.3379 0.85% 1.40% 1.59%
IRESS (IRE) $2,371M 0.0895 0.2142 0.1450 34.9292 28.7683 25.1250 3.39% 3.51% 3.94%
Technology One (TNE) $2,458M 0.1418 0.1211 0.1723 48.1366 42.9363 36.6257 1.42% 1.29% 1.51%
Wisetech Global (WTC) $8,793M 0.2776 0.2849 0.4608 199.3525 155.1512 106.2093 0.10% 0.13% 0.19%
Xero (XRO) $8,334M 0.0000 0.0000 0.0000 0.0000 0.0000 382.7073 0.00% 0.00% 0.00%

IRE Market Comparison

Earnings P/E Ratio P/B Ratio P/E Growth
Company 2.11 32.10 5.59 1.79
Market 0.88 17.10 1.49 1.65
Sector 2.86 29.50 2.62 1.36

IRE Directors

Name Position Start Date
Mr Andrew Leslie Walsh Managing Director, Chief Executive Officer 14 Oct 2009
Mr Geoffrey Allan Tomlinson Non-Executive Director 1 Feb 2015
Mrs Jennifer (Jenny) Anne Seabrook Non-Executive Director 20 Aug 2008
Mr John Michael Hayes Non-Executive Director 10 Jun 2011
Mr John Alexander Duncan Cameron Non-Executive Director 15 Mar 2010
Ms Julie Austa Fahey Non-Executive Director 5 Oct 2017
Ms Niki Beattie Non-Executive Director 1 Feb 2015
Mr Anthony (Tony) Michael D'Aloisio Non-Executive Director, Non-Executive Chairman 1 Jun 2012

IRE Management

Name Position
J Harris Chief Financial Officer
J McNeill Group Executive, Human Resources
A Knowles Group Executive, Product
A Todd Group Executive, Strategy
S New Group Executive, Strategy
Peter Ferguson Group General Counsel,Company Secretary

IRE Substantial Shareholders

Holding Name
32,181,994 (18.58%) ASX Limited
18,267,617 (10.54%) Hyperion Asset Management Limited
10,208,432 (5.89%) Greencape Capital Pty Ltd

IRE Calendar of Events

Date Event
20 February 2020 Report (Annual)
20 February 2020 Report (Prelim)
22 August 2019 Report (Interim)

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