Obermatt

Integrated Research

ASX:IRI · AU000000IRI3
SoftwareSmall

360

81
Profit price36
Owner Earnings Yield96
Dividend Yield69
Price/Sales78
EV / Gross Profit97
Price/Book97
Return on Capital65
Cash Return on Capital69
Return on Equity63
EBIT Margin79
Gross Profitability84
Cash Conversion47
Accruals62
Owner Earnings Margin77
Sales growth1
Profit Growth11
Long-Term EPS Growth19
Owner Earnings Growth15
Reinvestment26
Price momentum32
Debt load91
Refinancing98
Debt Payback100
Liquidity88
Analyst ratings100
Opinion Changes50
Price Target Upside19
Market mood16
Value Creation8/20creating some value
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

Integrated Research clears its cost of capital, but the record is mixed across the five tests. Real value creation, just not yet consistent.

Profile

CountryAustralia
IndustrySoftware
SizeSmall
TypePublic Company
ExchangeASX
Founded1988
Employees178
Websiteir.com
ISINAU000000IRI3
Last UpdateApr 2, 2026
Index & Theme
FintechProcess AutomationEnterprise Voip and TelephonyCustomer Relationship ManagementSoftware DevelopmentVoIPOnline Payments

Description

Integrated Research Limited designs, develops, implements, and sells systems and applications management computer software for business-critical computing, and unified communication and payment networks. Business Segments The company operates throu…

Analysis

Hidden champion

Integrated Research Limited fits the profile of a hidden champion, yet the market has not awarded it the premium its quality earns.

On valuation, the picture is attractive. The owner-earnings multiple stands at 7.8×; owner earnings: the cash an owner could take out each year.

Growth is tepid; the safety picture is sturdy. The company scores 8/20 on our value-creation score: creating some value.

Flags to be aware of: Some accounting patterns deserve a closer look. As always: this describes the company's numbers; it is not a recommendation.

360° rank · history

1007550250
61
2023202420252026

All-time high

87

Jan 2025

All-time low

31

Jan 2023

Average rank

63

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
78
84
93
83
Price/Earnings
100
97
97
83
Price/Book
97
97
92
78
Dividend Yield
69
96
92
1
Value (overall)
98
100
100
72

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
Learn More →