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IRESS Limited is a software-application business based in Australia. Iress shares (IRE) are listed on the Australian Securities Exchange (ASX) and all prices are listed in Australian Dollars. Iress has a trailing 12-month revenue of around $537.9 million.
How to buy shares in Iress
- Compare share trading platforms. To buy shares listed in Australia, you'll need to sign up to a broker with access to the Australian Securities Exchange (ASX). Our table below can help you choose.
- Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and tax file number. Fund your account with a bank transfer, PayPal or debit card.
- Search for Iress. Find the share by name or ticker symbol: IRE. Research its history to confirm it's a solid investment against your financial goals.
- Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Iress reaches your desired price. To spread out your risk, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
- Decide on how many to buy. At today's price of $9.95, weigh your budget against a diversified portfolio that can minimise risk through the market's ups and downs.
- Check in on your investment. Congratulations, you own a part of Iress. Optimise your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.
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How has coronavirus impacted Iress's share price?
Since the stock market crash in March caused by coronavirus, Iress's share price has had significant negative movement.
Its last market close was $9.95, which is 19.30% down on its pre-crash value of $12.33 and 20.02% up on the lowest point reached during the March crash when the shares fell as low as $8.29.
If you had bought $1,000 worth of Iress shares at the start of February 2020, those shares would have been worth $640.36 at the bottom of the March crash, and if you held on to them, then as of the last market close they'd be worth $727.35.
Iress share priceUse our graph to track the performance of IRE stocks over time.
Iress shares at a glance
|52-week range||$8.7933 - $14.1419|
|50-day moving average||$10.4159|
|200-day moving average||$10.2465|
|Dividend yield||$0.46 (4.51%)|
|Earnings per share (TTM)||$0.35|
Standard brokerage - Australian shares
Share Trading Account Offer
Competitive broker fees on Australian and international shares
- Brokerage - AU shares: From AUD 5 or 0.05%
- Brokerage - US shares: USD 0
- Sign-up process: Instant
- Support - After hours: Yes
Important: Share trading carries risk of capital loss.
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Is it a good time to buy Iress stock?
The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.
Iress price performance over time
|1 week (2021-01-07)||-2.93%|
|1 month (2020-12-17)||-7.10%|
|3 months (2020-10-16)||-0.10%|
|6 months (2020-07-17)||-6.57%|
|1 year (2020-01-17)||-26.24%|
|2 years (2019-01-17)||-13.10%|
|3 years (2018-01-17)||-13.85%|
|5 years (2016-01-15)||7.92%|
Is Iress under- or over-valued?
Valuing Iress stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Iress's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
Iress's P/E ratio
Iress's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 29x. In other words, Iress shares trade at around 29x recent earnings.
That's relatively low compared to, say, the P/E ratio for the ASX over the 12 months to December 2019 (32.14). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.
Iress's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $109.6 million (£0.0 million).
The EBITDA is a measure of a Iress's overall financial performance and is widely used to measure a its profitability.
|Revenue TTM||$537.9 million|
|Operating margin TTM||17.01%|
|Gross profit TTM||$153.6 million|
|Return on assets TTM||6.6%|
|Return on equity TTM||12.75%|
|Market capitalisation||$2 billion|
TTM: trailing 12 months
Iress share dividends
Dividend payout ratio: 50.29% of net profits
Recently Iress has paid out, on average, around 50.29% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 4.51% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Iress shareholders could enjoy a 4.51% return on their shares, in the form of dividend payments. In Iress's case, that would currently equate to about A$0.46 per share.
Iress's payout ratio would broadly be considered high, and as such this stock could appeal to those looking to generate an income. Bear in mind however that companies should normally also look to re-invest a decent amount of net profits to ensure future growth.
The latest dividend was paid out to all shareholders who bought their shares by 2 September 2020 (the "ex-dividend date").
Iress share price volatility
Over the last 12 months, Iress's shares have ranged in value from as little as $8.7933 up to $14.1419. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (AU average) beta is 1, while Iress's is 0.8871. This would suggest that Iress's shares are less volatile than average (for this exchange).
IRESS Limited provides market data, trading, compliance, order management, portfolio and wealth management, mortgages and related tools in Australia, New Zealand, Asia, North America, Europe, South Africa, and the United Kingdom. Its software products include trading interfaces, order and execution management, order routing, FIX, portfolio management, securities lending, analytical tools, connectivity services, and client relationship and wealth management products for investment managers and platforms, discretionary retail fund managers, private client adviser, and wealth managers, as well as for institutional sell side, retail, and online brokers. It also offers integrated financial advice software, which includes client management, business automation, portfolio data, research, financial tool planning, scaled advice journeys, digital client solutions, and data driven compliance and analytics for institutional advisory and independent advisory clients. In addition, the company offers superannuation administration software comprises of fund registry, digital member portal, digital advice solutions, and fund administration services; and multi-channel mortgage sales and origination software, such as automated workflow, application processing, mortgage comparison, mortgage advice, and lender connectivity for mortgage lenders and intermediaries. Further, it offers insurance and pension sourcing software, including quoting, comparison, and application processing products. The company was formerly known as IRESS Market Technology Limited and changed its name to IRESS Limited in May 2012. IRESS Limited was founded in 1993 and is based in Melbourne, Australia.
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