IBEX LTD (IBEX) Stock Fundamental Analysis
NASDAQ:IBEX - Nasdaq - BMG4690M1010 - Common Stock - Currency: USD
Taking everything into account, IBEX scores 7 out of 10 in our fundamental rating. IBEX was compared to 82 industry peers in the IT Services industry. Both the health and profitability get an excellent rating, making IBEX a very profitable company, without any liquidiy or solvency issues. IBEX is valued quite cheap, while showing a decent growth score. This is a good combination! With these ratings, IBEX could be worth investigating further for value and quality investing!.
1. Profitability
1.1 Basic Checks
In the past year IBEX was profitable.
IBEX had a positive operating cash flow in the past year.
IBEX had positive earnings in each of the past 5 years.
Each year in the past 5 years IBEX had a positive operating cash flow.
1.2 Ratios
IBEX has a Return On Assets of 13.51%. This is amongst the best in the industry. IBEX outperforms 95.12% of its industry peers.
IBEX has a better Return On Equity (29.89%) than 93.90% of its industry peers.
IBEX has a Return On Invested Capital of 18.65%. This is amongst the best in the industry. IBEX outperforms 91.46% of its industry peers.
IBEX had an Average Return On Invested Capital over the past 3 years of 12.81%. This is significantly below the industry average of 21.64%.
The 3 year average ROIC (12.81%) for IBEX is below the current ROIC(18.65%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 13.51% | ||
| ROE | 29.89% | ||
| ROIC | 18.65% |
ROA(3y)9.84%
ROA(5y)7.66%
ROE(3y)20.09%
ROE(5y)24.99%
ROIC(3y)12.81%
ROIC(5y)12.8%
1.3 Margins
IBEX has a Profit Margin of 6.93%. This is in the better half of the industry: IBEX outperforms 67.07% of its industry peers.
In the last couple of years the Profit Margin of IBEX has grown nicely.
With a decent Operating Margin value of 8.88%, IBEX is doing good in the industry, outperforming 63.41% of the companies in the same industry.
In the last couple of years the Operating Margin of IBEX has grown nicely.
Looking at the Gross Margin, with a value of 30.89%, IBEX is in line with its industry, outperforming 42.68% of the companies in the same industry.
IBEX's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 8.88% | ||
| PM (TTM) | 6.93% | ||
| GM | 30.89% |
OM growth 3Y29.52%
OM growth 5Y35.17%
PM growth 3Y30.84%
PM growth 5Y17.25%
GM growth 3Y17.46%
GM growth 5YN/A
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so IBEX is creating value.
IBEX has less shares outstanding than it did 1 year ago.
Compared to 5 years ago, IBEX has less shares outstanding
Compared to 1 year ago, IBEX has a worse debt to assets ratio.
2.2 Solvency
An Altman-Z score of 4.46 indicates that IBEX is not in any danger for bankruptcy at the moment.
With a decent Altman-Z score value of 4.46, IBEX is doing good in the industry, outperforming 67.07% of the companies in the same industry.
IBEX has a debt to FCF ratio of 1.04. This is a very positive value and a sign of high solvency as it would only need 1.04 years to pay back of all of its debts.
The Debt to FCF ratio of IBEX (1.04) is better than 82.93% of its industry peers.
A Debt/Equity ratio of 0.16 indicates that IBEX is not too dependend on debt financing.
The Debt to Equity ratio of IBEX (0.16) is better than 65.85% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.16 | ||
| Debt/FCF | 1.04 | ||
| Altman-Z | 4.46 |
ROIC/WACC1.93
WACC9.65%
2.3 Liquidity
A Current Ratio of 1.67 indicates that IBEX should not have too much problems paying its short term obligations.
The Current ratio of IBEX (1.67) is comparable to the rest of the industry.
A Quick Ratio of 1.67 indicates that IBEX should not have too much problems paying its short term obligations.
IBEX has a Quick ratio (1.67) which is in line with its industry peers.
IBEX does not score too well on the current and quick ratio evaluation. However, as it has excellent solvency and profitability, these ratios do not necessarly indicate liquidity issues and need to be evaluated against the specifics of the business.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.67 | ||
| Quick Ratio | 1.67 |
3. Growth
3.1 Past
IBEX shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 34.22%, which is quite impressive.
The Earnings Per Share has been growing by 25.59% on average over the past years. This is a very strong growth
IBEX shows a small growth in Revenue. In the last year, the Revenue has grown by 5.38%.
The Revenue has been growing slightly by 6.66% on average over the past years.
EPS 1Y (TTM)34.22%
EPS 3Y18.32%
EPS 5Y25.59%
EPS Q2Q%17.14%
Revenue 1Y (TTM)5.38%
Revenue growth 3Y4.68%
Revenue growth 5Y6.66%
Sales Q2Q%10.99%
3.2 Future
The Earnings Per Share is expected to grow by 17.83% on average over the next years. This is quite good.
IBEX is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 6.63% yearly.
EPS Next Y22.69%
EPS Next 2Y21.44%
EPS Next 3Y17.83%
EPS Next 5YN/A
Revenue Next Year7.46%
Revenue Next 2Y6.63%
Revenue Next 3YN/A
Revenue Next 5YN/A
3.3 Evolution
Although the future EPS growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
The Revenue growth rate is stable: in the next years the growth will be about the same than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 11.57, which indicates a very decent valuation of IBEX.
IBEX's Price/Earnings ratio is rather cheap when compared to the industry. IBEX is cheaper than 89.02% of the companies in the same industry.
IBEX's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 27.30.
The Price/Forward Earnings ratio is 9.29, which indicates a very decent valuation of IBEX.
Based on the Price/Forward Earnings ratio, IBEX is valued cheaply inside the industry as 91.46% of the companies are valued more expensively.
Compared to an average S&P500 Price/Forward Earnings ratio of 21.76, IBEX is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.57 | ||
| Fwd PE | 9.29 |
4.2 Price Multiples
92.68% of the companies in the same industry are more expensive than IBEX, based on the Enterprise Value to EBITDA ratio.
Based on the Price/Free Cash Flow ratio, IBEX is valued a bit cheaper than the industry average as 67.07% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 19.7 | ||
| EV/EBITDA | 5.98 |
4.3 Compensation for Growth
The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
IBEX has an outstanding profitability rating, which may justify a higher PE ratio.
A more expensive valuation may be justified as IBEX's earnings are expected to grow with 17.83% in the coming years.
PEG (NY)0.51
PEG (5Y)0.45
EPS Next 2Y21.44%
EPS Next 3Y17.83%
5. Dividend
5.1 Amount
IBEX does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
29.05
-0.97 (-3.23%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSoftware & Services
GICS IndustryIT Services
Earnings (Last)
Earnings (Next)
Inst Owners93.39%
Inst Owner Change0%
Ins Owners9.78%
Ins Owner Change-10.21%
Market Cap388.40M
Analysts45.71
Price Target31.11 (7.09%)
Short Float %1.45%
Short Ratio1
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Yearly DividendN/A
Dividend Growth(5Y)N/A
DP0%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)12.71%
Min EPS beat(2)10.89%
Max EPS beat(2)14.54%
EPS beat(4)4
Avg EPS beat(4)10.27%
Min EPS beat(4)7.33%
Max EPS beat(4)14.54%
EPS beat(8)6
Avg EPS beat(8)4.12%
EPS beat(12)9
Avg EPS beat(12)12.36%
EPS beat(16)11
Avg EPS beat(16)11.12%
Revenue beat(2)2
Avg Revenue beat(2)3.78%
Min Revenue beat(2)2.45%
Max Revenue beat(2)5.12%
Revenue beat(4)3
Avg Revenue beat(4)2.25%
Min Revenue beat(4)-0.14%
Max Revenue beat(4)5.12%
Revenue beat(8)3
Avg Revenue beat(8)-0.13%
Revenue beat(12)3
Avg Revenue beat(12)-1.53%
Revenue beat(16)5
Avg Revenue beat(16)-1.36%
PT rev (1m)17.31%
PT rev (3m)17.31%
EPS NQ rev (1m)-2.78%
EPS NQ rev (3m)-5.41%
EPS NY rev (1m)0%
EPS NY rev (3m)0.79%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)2.88%
Revenue NY rev (1m)0%
Revenue NY rev (3m)2.49%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.57 | ||
| Fwd PE | 9.29 | ||
| P/S | 0.73 | ||
| P/FCF | 19.7 | ||
| P/OCF | 11.05 | ||
| P/B | 3.13 | ||
| P/tB | 3.46 | ||
| EV/EBITDA | 5.98 |
EPS(TTM)2.51
EY8.64%
EPS(NY)3.13
Fwd EY10.76%
FCF(TTM)1.47
FCFY5.08%
OCF(TTM)2.63
OCFY9.05%
SpS40.06
BVpS9.29
TBVpS8.4
PEG (NY)0.51
PEG (5Y)0.45
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 13.51% | ||
| ROE | 29.89% | ||
| ROCE | 25.63% | ||
| ROIC | 18.65% | ||
| ROICexc | 19.91% | ||
| ROICexgc | 21.22% | ||
| OM | 8.88% | ||
| PM (TTM) | 6.93% | ||
| GM | 30.89% | ||
| FCFM | 3.68% |
ROA(3y)9.84%
ROA(5y)7.66%
ROE(3y)20.09%
ROE(5y)24.99%
ROIC(3y)12.81%
ROIC(5y)12.8%
ROICexc(3y)17.21%
ROICexc(5y)17.42%
ROICexgc(3y)18.84%
ROICexgc(5y)20.06%
ROCE(3y)15.96%
ROCE(5y)15.95%
ROICexcg growth 3Y4.28%
ROICexcg growth 5Y9.56%
ROICexc growth 3Y7.35%
ROICexc growth 5Y13.69%
OM growth 3Y29.52%
OM growth 5Y35.17%
PM growth 3Y30.84%
PM growth 5Y17.25%
GM growth 3Y17.46%
GM growth 5YN/A
F-Score6
Asset Turnover1.95
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.16 | ||
| Debt/FCF | 1.04 | ||
| Debt/EBITDA | 0.3 | ||
| Cap/Depr | 87.74% | ||
| Cap/Sales | 2.88% | ||
| Interest Coverage | 34.97 | ||
| Cash Conversion | 53.93% | ||
| Profit Quality | 53.13% | ||
| Current Ratio | 1.67 | ||
| Quick Ratio | 1.67 | ||
| Altman-Z | 4.46 |
F-Score6
WACC9.65%
ROIC/WACC1.93
Cap/Depr(3y)96.17%
Cap/Depr(5y)91.5%
Cap/Sales(3y)3.54%
Cap/Sales(5y)3.32%
Profit Quality(3y)72.8%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)34.22%
EPS 3Y18.32%
EPS 5Y25.59%
EPS Q2Q%17.14%
EPS Next Y22.69%
EPS Next 2Y21.44%
EPS Next 3Y17.83%
EPS Next 5YN/A
Revenue 1Y (TTM)5.38%
Revenue growth 3Y4.68%
Revenue growth 5Y6.66%
Sales Q2Q%10.99%
Revenue Next Year7.46%
Revenue Next 2Y6.63%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y17.55%
EBIT growth 3Y35.57%
EBIT growth 5Y44.18%
EBIT Next Year91.11%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-42.03%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-32.37%
OCF growth 3Y30.7%
OCF growth 5Y74.8%