AUS
NZ
UK
CA
USA
IND
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Highlights
- IPH is an ASX-listed intellectual property group which operates in over 25 countries.
- The recent acquisition of Smart & Biggar underpinned the financial performance of IPH in FY23.
- IPH Ltd. Employee Share Trust has maximum stake in IPH with a shareholding of 7.58%.
IPH Limited (ASX:IPH) is a global intellectual property group which offers services like the provision of prosecution, filing, enforcement and management of trademarks, designs and patents in over 25 countries.
In the financial year 2023, the company delivered a 29% year-on-year (yoy) growth in revenue to AUD 482.86 million, a 22.8% yoy increase in profit to AUD 64.54 million, a 20% yoy surge in group underlying NPAT and a 28% annual rise in underlying EBITDA. The yearly performance was driven by the acquisition and integration of Smart & Biggar, which exceeded the company’s expectations.
The company declared a final dividend of 15.5 cents per share in FY23, 9% higher than the previous corresponding period.
Top 10 shareholders of IPH
The top ten shareholders of IPH together hold approximately 30.37% stake in the company. IPH Ltd. Employee Share Trust and Invesco Advisers, Inc. have the maximum stake in the firm with a shareholding of around 7.58% and 4.68%, respectively.
Recent business update
Through an ASX update dated 2 October 2023, the company informed that it had completed the acquisition of Ridout & Maybee for a consideration of AUD 74.7 million. The acquisition was funded via refinancing and extending debt facilities with Australian and Canadian financers for an additional three to four years.
Outlook
In Australian and New Zealand businesses, the company delivered a solid performance, supported by the synergy achieved through the integration of Smart & Biggar and the acquisition of Ridout & Maybee. The company is committed to tapping acquisition opportunities in the Canadian market.
The company informed that its strategic priorities will be to maintain its leading position in Asia, New Zealand and Australia and seek opportunities to expand in other countries.
Share performance of IPH
IPH shares closed 1.78% up at AUD 7.44 apiece on 5 October 2023. Including this gain, IPH’s stock price has witnessed a fall of 24.08% in the past one year and a fall of 5.34% in the past one week.
The 52-week high of IPH is AUD 10.12 apiece, recorded on 1 November 2022, while the 52-week low is AUD 6.95 apiece, recorded on 22 September 2023.
Note 1: Past performance is neither an Indicator nor a guarantee of future performance.
Note 2: The reference date for all price data, and currency, is 05 October 2023. The reference data in this report has been partly sourced from EODHD/Others.
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