Morningstar projects earnings growth for Australia's IPH, sees strength in Asia, Canada operations

IPH

14/05/2026 24:49

** Morningstar forecasts revenue and EBITDA growing around 2% per year for Australian intellectual property services provider IPH IPH.AX, with EBITDA margin flat at 29% over the next five years

** Retains A$4.90-per-share fair value estimate for IPH; says shares screening undervalued at current prices

** Shares have been broadly flat since start of CY26; "Investor aversion to IPH reflects a lack of near-term earnings catalysts" - Morningstar

** The investment research firm expects company's operations in Asia and Canada to support steadier group revenue growth while the ANZ division is challenged near-term

** Four of six analysts rate the stock "buy" or higher, two "hold"; their median PT is A$4.6, according to data compiled by LSEG

** Stock up 0.9%, YTD, as of last close

 (Reporting by Jasmeen Ara Shaikh in Bengaluru)

 ((Jasmeenaraislam.Shaikh@thomsonreuters.com;))