IRESS Ltd
IRE: XASX (AUS)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| A$7.10 | Sgrqzvj | Yxvcqxdy |
Iress on Track for Near-Term Margin Expansion
Business Strategy and Outlook
Iress is positioned to deliver improved earnings growth through the strategic refocusing on its core business units in the Asia-Pacific, mainly in Australia. The core business consists of a trading and market data product, a wealth management platform and a superannuation administration system. This follows a prolonged expansion into lower-returning noncore and overseas markets, which have eroded the firm’s economic returns.