IPH LIMITED (IPH)
Share Price Analysis and Chart

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IPH

IPH - IPH LIMITED

FNArena Sector : Legal
Year End: June
GICS Industry Group : Commercial & Professional Services
Debt/EBITDA: 2.41
Index: ASX300 | ALL-ORDS

IPH Ltd is Australia's largest intellectual property services company providing protection, commercialisation and management of intellectual property. It has been a listed company since 2014.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$3.86

25 Jun
2026

0.000

OPEN

$3.85

0.000

HIGH

$3.91

941,353

LOW

$3.82

TARGET
$3.74

-0.83 change from previous day

 -3.1% downside
Franking for last dividend paid out: 20%
OTHER COMPANIES IN THE SAME SECTOR
SHJ .
FNARENA'S MARKET CONSENSUS FORECASTS
IPH: 1
Title FY25
Actual		 FY26
Actual		 FY27
Forecast		 FY28
Forecast
EPS (cps) xxx 30.9 46.4 xxx
DPS (cps) xxx 38.5 38.3 xxx
EPS Growth xxx 19.7% 49.8% xxx
DPS Growth xxx 5.5% - 0.6% xxx
PE Ratio xxx N/A 7.2 xxx
Dividend Yield xxx N/A 11.4% xxx
Div Pay Ratio(%) xxx 124.4% 82.5% xxx

Dividend yield today if purchased 3 years ago: 5.39%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 11.49

Estimated Dividend Growth
(Average Of Past Three Years)

  %

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages

Last ex-div: 27/08 - ex-div 19.50c (franking 30%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 FactSet UK Limited. All rights reserved
Title 202120222023202420252026
EPS Basic xxxxxxxxxxxxxxx30.9
DPS All xxxxxxxxxxxxxxx38.5
Sales/Revenue xxxxxxxxxxxxxxx710.4 M
Book Value Per Share xxxxxxxxxxxxxxx243.9
Net Operating Cash Flow xxxxxxxxxxxxxxx150.5 M
Net Profit Margin xxxxxxxxxxxxxxx11.32 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202120222023202420252026
Return on Capital Employed xxxxxxxxxxxxxxx12.17 %
Return on Invested Capital xxxxxxxxxxxxxxx7.36 %
Return on Assets xxxxxxxxxxxxxxx6.28 %
Return on Equity xxxxxxxxxxxxxxx12.17 %
Return on Total Capital xxxxxxxxxxxxxxx11.80 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx48.7 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 202120222023202420252026
Short-Term Debt xxxxxxxxxxxxxxx11 M
Long Term Debt xxxxxxxxxxxxxxx405 M
Total Debt xxxxxxxxxxxxxxx416 M
Goodwill - Gross xxxxxxxxxxxxxxx607 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx60 M
Price To Book Value xxxxxxxxxxxxxxx1.58

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202120222023202420252026
Capex xxxxxxxxxxxxxxx2.9 M
Capex % of Sales xxxxxxxxxxxxxxx0.41 %
Cost of Goods Sold xxxxxxxxxxxxxxx-
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx513 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx0 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.5

No. Of Recommendations

1
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Macquarie

02/04/2026

3

Neutral

$3.74

-3.11%

IPH Ltd's March 2026 filing data show subdued performance, Macquarie observes, with volumes down -0.6% y/y, lagging overall market growth of up 28.6%, resulting in a decline in market share to 22.3% from 24.7% for FY26 year-to-date.

The broker notes weakness in patent filings, down -2.0% yy in March and -5.6% 2H26, while highlighting around 70% of IPH's income remains recurring.

Global lead indicators remain soft, with US patent activity declining -1.3% on a quarterly rolling basis and -3.9% annually, pointing to continued pressure on Australian filings over the next 12-18 months.

The broker attributes current domestic weakness to this lag effect from softer US activity, despite some positive seasoning adjustments across recent months.

Overall, the data reinforce a challenging near-term outlook for filing volumes, Macquarie believes. No change to Neutral rating and $3.74 target price.

FORECAST
Macquarie forecasts a full year FY26 dividend of 38.50 cents and EPS of 46.90 cents.
Macquarie forecasts a full year FY27 dividend of 38.50 cents and EPS of 46.80 cents.
Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

1

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Jarden

03/03/2026

2

Overweight

$4.60

19.17%

Jarden notes IPH delivered a broadly in line 1H26 result, with improving like-for-like revenue trends from down -2% in the first four months to up 1% for the half, plus an announced buyback of up to around 5%, supporting a 13% share price rise.

Commentary highlights ongoing headwinds including Australian market share losses, soft US PCT filings, potential partner churn risk in Canada from Oct-26, and new competition in Asia.

The broker does add these risks appear reflected in the valuation at around 8x PE and a circa 10% partially franked yield.

On a pre-FX basis, A&NZ earnings (EBITDA) forecasts are cut, with FX driving -6% to –9% EPS downgrades across FY26–28.

AI disruption is viewed as a modest near-term risk, with industry feedback suggesting limited impact on core patent attorney work. Overweight retained, with target price reduced to $4.60 from $6.50.

FORECAST
Jarden forecasts a full year FY26 dividend of 36.40 cents and EPS of 45.70 cents.
Jarden forecasts a full year FY27 dividend of 36.40 cents and EPS of 43.50 cents.
Access Extra Coverage Research History >

IPH STOCK CHART

FNArena News on IPH

Latest Legal News

1
IPH Ltd’s Growth Plans Undaunted

Sep 08 2020 - Australia
2
Treasure Chest: Class Actions Entice Shine Corporate

Mar 27 2019 - Treasure Chest
3
Confidence Grows In IPH

Aug 20 2018 - Australia
4
Brokers Take Knife To Xenith IP

Oct 16 2017 - Small Caps
5
IPH Expands NZ Presence

Oct 12 2017 - Small Caps
6
Wait For Buying Opportunity In JB Hi-Fi

Oct 11 2016 - Technicals
7
Growth Opportunities Abound For Xenith

Sep 01 2016 - Small Caps
8
IPH Advancing On Acquisition Targets

Aug 22 2016 - Australia
9
Opportunity In IPH

Jun 14 2016 - Technicals
10
Shine Corporate Sparkles Anew

Apr 27 2016 - Small Caps