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Employees: 1,700
Size IPH (IPH.AX) is an Australia Industrials company (Miscellaneous Commercial Services) with a market value of $709M, the 226th largest of 316 Australia companies the cockpit tracks. Shares closed at A$4.00 on 6 Nov 2026.
Performance Over six months the shares gained 12.7%, against -4.5% for the median peer and +4.1% for the Australia market (cap-weighted) — 6th highest of 21 in its peer set.
Growth Revenue grew 0.6% over the last twelve months (peer median +12.1%); the operating margin is 18.4% (peer median 5.6%).
Valuation It trades at 9.5× forward earnings against a peer median of 18.7× (4th cheapest of 16).
Price implies For today's price to make sense, revenue must grow about -7% a year for seven years (Req g). Recent delivered growth is +15%, so the hurdle is -22 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 3.3 points above its cost of capital (6.1% WACC).
Next results Next results expected around 17 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|---|
| Revenue | A$710M | A$710M | A$706M | A$606M | A$483M |
| Revenue growth | — | +1% | +17% | +25% | — |
| EBITDA | A$198M | A$197M | A$194M | A$193M | A$163M |
| Net income | A$80.4M | A$80.4M | A$68.8M | A$60.8M | A$64.5M |
| Free cash flow | A$148M | A$148M | A$128M | A$123M | A$87.7M |
| Capital expenditure | A$2.90M | A$2.90M | A$7.90M | A$11.0M | A$6.90M |
| Total debt | n/a | A$416M | A$470M | A$492M | A$441M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | IPH.AX | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +15.9% | -1.1% | 2nd highest of 21 |
| 6-month return | +12.7% | -4.5% | 6th highest of 21 |
| Distance from 52-week high | -9.5% | -34.3% | 4th highest of 21 |
| Revenue growth (TTM) | +0.6% | +12.1% | 6th lowest of 21 |
| Operating margin | 18.4% | 5.6% | 5th highest of 21 |
| Forward P/E | 9.5× | 18.7× | 4th cheapest of 16 |
| Growth the price implies (Req g, 7 yrs) | -7.3% | 11.5% | 2nd least demanding of 12 |
| Growth delivered (Del g) | +14.6% | +14.2% | 6th highest of 12 |
| Hurdle (Req g minus delivered) | -21.9 pp | -4.6 pp | least demanding of 12 |
| ROIC minus cost of capital | +3.3 pp | -2.6 pp | 5th highest of 21 |
| EV / EBITDA | 7.0× | 7.6× | 6th cheapest of 11 |
| Net debt / EBITDA | 1.8× | 1.3× | 3rd most indebted of 11 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| IPH IPH.AX | Australia | $709M | +13% | +1% | 18% | 9.5× | -7.3% | +14.6% |
| Aubay AUB.PA | France | $707M | -5% | +27% | 9% | 12.9× | 2.5% | +7.1% |
| Duolun Technology 603528.SS | China | $706M | -13% | -6% | -30% | 31.9× | n/a | n/a |
| Johnson Service JSG.L | United Kingdom | $704M | +10% | +2% | 11% | 11.0× | 8.3% | +18.4% |
| Danyang Syngen Intelligent Technology 603007.SS | China | $702M | -25% | +929% | -34% | n/a | n/a | n/a |
| Suzhou Delphi Laser 688170.SS | China | $717M | -23% | +20% | 1% | 78.7× | n/a | n/a |
| Ningbo Sinyuan ZM Technology 301398.SZ | China | $700M | -5% | +42% | -18% | n/a | n/a | n/a |
| Calian CGY.TO | Canada | $699M | +22% | +16% | 6% | 18.7× | 13.4% | +12.4% |
| Funai Soken 9757.T | Japan | $721M | +5% | +6% | 26% | 16.0× | -8.3% | +5.9% |
| Bengo4.com 6027.T | Japan | $695M | +94% | +19% | 14% | 51.8× | 18.7% | +25.1% |
| Science Environmental Protection 688480.SS | China | $694M | -51% | +37% | 10% | 29.7× | 28.2% | +28.2% |
| Wuxi Jinyang Precision Manufacturing 301210.SZ | China | $729M | +8% | +57% | 6% | 40.6× | n/a | n/a |
| Worldline WLN.PA | France | $732M | +9% | -18% | 2% | 5.4× | 17.6% | +10.4% |
| Grand Sunergy Tech 603778.SS | China | $686M | -73% | -54% | -98% | n/a | n/a | n/a |
| Credit CCP.AX | Australia | $738M | +37% | +7% | 26% | 9.5× | 2.1% | +11.1% |
| China Machinery Huanyu Certification & Inspection 301508.SZ | China | $738M | -20% | +10% | 21% | n/a | 6.8% | +15.4% |
| China Education 0839.HK | Hong Kong | $680M | -4% | +9% | 32% | 3.0× | n/a | n/a |
| NCS Testing Technology 300797.SZ | China | $678M | -26% | +15% | 7% | 25.1× | 22.3% | +15.0% |
| RWS RWS.L | United Kingdom | $677M | +46% | -1% | 4% | 10.3× | 11.5% | +14.2% |
| Msscorps 6830.TW | Taiwan | $744M | -57% | +17% | 3% | 96.2× | n/a | n/a |
| Shenzhen L&A Design 300949.SZ | China | $744M | +103% | 0% | -28% | n/a | n/a | n/a |