IRESS Ltd
IRE: XASX (AUS)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| D | LOCK|GvxY% | LOCK|>MK?!pf |
Iress Earnings: Market Spooked by Muted Revenue and Reinvestment Needs, but We See Latent Value
Iress' underlying net profit after tax for 2024 improved materially to AUD 63 million from AUD 36 million in 2023, mostly from lower costs. The firm guided to 6%-12% growth in underlying EBITDA for 2025, and capital expenditure of 5%-7% of revenue over the medium term.
