Company Valuation: IPH Limited

Data adjusted to current consolidation scope
Fiscal Period: June 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 1,786 1,839 1,553 1,193 989.3 861.8 - -
Change - 2.99% -15.53% -23.18% -17.1% -12.89% - -
Enterprise Value (EV) 1 1,859 2,179 1,912 1,548 1,346 1,168 1,135 1,104
Change - 17.23% -12.25% -19.05% -13.06% -13.18% -2.81% -2.8%
P/E 34x 27.5x 25.2x 17.8x 12.5x 8.69x 8.09x 7.77x
PBR 4.16x 3.19x 2.45x 1.71x 1.59x 1.39x 1.4x 1.4x
PEG - 1.5x -2x 5.41x 0.6x 0.3x 1.09x 1.9x
Capitalization / Revenue 4.64x 3.69x 2.55x 1.68x 1.39x 1.22x 1.2x 1.18x
EV / Revenue 4.83x 4.37x 3.13x 2.18x 1.89x 1.65x 1.58x 1.5x
EV / EBITDA 13.5x 12.8x 9.78x 7.47x 6.54x 5.78x 5.51x 5.27x
EV / EBIT 15.4x 18.7x 10.7x 8.21x 7.15x 6.42x 6.13x 5.86x
EV / FCF 21.2x 25.7x 15.8x 12.3x 9.06x 9.16x 7.72x 7.56x
FCF Yield 4.72% 3.9% 6.32% 8.13% 11% 10.9% 12.9% 13.2%
Dividend per Share 2 0.305 0.33 0.35 0.365 0.385 0.3821 0.3951 0.4046
Rate of return 3.74% 4.21% 5.58% 7.97% 9.97% 11.4% 11.8% 12%
EPS 2 0.24 0.2843 0.249 0.2572 0.3082 0.3868 0.4155 0.4325
Distribution rate 127% 116% 141% 142% 125% 98.8% 95.1% 93.5%
Net sales 1 385.1 498.1 609.9 710.3 712.8 709.2 720.6 733.4
EBITDA 1 137.4 170 195.5 207.2 205.9 202 205.9 209.4
EBIT 1 120.7 116.7 178.3 188.5 188.3 181.9 185.3 188.5
Net income 1 52.56 64.54 60.8 68.8 80.4 90.7 96.51 100.5
Net Debt 1 73.02 339.9 358.6 354.4 356.3 306.4 273.6 241.8
Reference price 2 8.160 7.830 6.270 4.580 3.860 3.360 3.360 3.360
Nbr of stocks (in thousands) 218,819 234,856 247,738 260,544 256,293 256,487 - -
Announcement Date 17/08/22 16/08/23 21/08/24 20/08/25 19/08/26 - - -
1AUD in Million2AUD
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
8.76x1.66x5.82x11.27% 612M
34.81x6.35x22.99x1% 76.7B
37.16x1.24x13.35x1% 16.52B
19.96x2.04x10.06x3.69% 13.74B
25.51x2.85x12.19x2.93% 11.93B
23.48x3.3x12.74x2.45% 7.46B
16.21x0.68x9.53x1.32% 7.15B
9.54x1.13x6.02x2.2% 5.69B
19.38x0.41x9.65x3.85% 5.38B
20.5x2.21x10.42x-.--% 5.28B
Average 21.53x 2.19x 11.28x 2.97% 15.05B
Weighted average by Cap. 29.41x 4.12x 17.12x 1.64%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield

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