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IBEX - IBEX Limited

NASDAQ -> Technology -> Software—Application
Washington, United States
Type: Equity

IBEX price evolution
IBEX
(in millions $) 31 Dec 2023 30 Sep 2023 30 Jul 2023 31 Mar 2023
Current assets
Cash $49.02 $62.03 $57.43 $43.68
Short term investments
Net receivables $104.88 $90.21 $86.41 $106.33
Inventory
Total current assets $169.49 $167.51 $158.61 $150.94
Long term investments $0.38
Property, plant & equipment $105.14 $105.04 $112.07 $110.83
Goodwill & intangible assets $11.83 $11.83 $11.83 $14.87
Total noncurrent assets $128.68 $127.97 $134.72 $137.8
Total investments $0.38
Total assets $298.17 $295.48 $293.32 $288.74
Current liabilities
Accounts payable $17.99 $18.32 $21.02 $62.52
Deferred revenue $8.1 $7.42 $7.8 $9.87
Short long term debt $14.05 $13.41 $13.45 $13.9
Total current liabilities $74.23 $73.73 $73.26 $85.47
Long term debt $62.97 $61.64 $65.45 $70.39
Total noncurrent liabilities $67.83 $65.72 $70.1 $81.97
Total debt $77.02 $75.05 $78.9 $84.29
Total liabilities $142.06 $139.44 $143.36 $167.45
Shareholders' equity
Retained earnings -$31.28 -$37.35 -$44.78 -$69.82
Other shareholder equity -$6.13 -$7.21 -$6.31
Total shareholder equity $156.11 $156.04 $149.96 $121.3
(in millions $) 31 Dec 2023 31 Dec 2022 31 Dec 2021 31 Dec 2020
Current assets
Cash $57.43 $48.83 $57.84 $21.87
Short term investments
Net receivables $86.41 $93.54 $82.86 $64.17
Inventory
Total current assets $158.61 $143.28 $141.37 $86.04
Long term investments $0.38 $0.26 $0.33
Property, plant & equipment $112.07 $116.63 $106.7 $84.59
Goodwill & intangible assets $11.83 $14.86 $15.04 $14.61
Total noncurrent assets $134.72 $146.86 $132.91 $109.2
Total investments $0.38 $0.26 $0.33
Total assets $293.32 $290.14 $274.29 $195.24
Current liabilities
Accounts payable $21.02 $62.41 $59.14 $58.95
Deferred revenue $7.8 $12.59 $7.09 $3.9
Short long term debt $13.45 $28.39 $38.84 $40.14
Total current liabilities $73.26 $102.37 $105.72 $105.65
Long term debt $65.45 $76.34 $73.68 $65.83
Total noncurrent liabilities $70.1 $87.48 $87.91 $73.44
Total debt $78.9 $104.74 $112.52 $105.97
Total liabilities $143.36 $189.85 $193.63 $179.09
Shareholders' equity
Retained earnings -$44.78 -$87.69 -$110.68 -$109.53
Other shareholder equity -$6.31 -$4.6 $33.18 $29.46
Total shareholder equity $149.96 $100.29 $80.66 $16.15
(in millions $) 31 Dec 2023 30 Sep 2023 30 Jun 2023 31 Mar 2023
Revenue
Total revenue $132.63 $124.61 $124.26 $131.6
Cost of revenue $95.88 $88.2 $110.08 $85.38
Gross Profit $36.75 $36.41 $14.18 $46.21
Operating activities
Research & development
Selling, general & administrative $24.86 $23.04 $80.18 $2.82
Total operating expenses $29.8 $28.08 $2.36 $30.83
Operating income $6.95 $8.33 $11.81 $15.38
Income from continuing operations
EBIT $7.46 $8.92 $11.81 $15.38
Income tax expense $1.27 $1.39 $3.68 $1.91
Interest expense $0.11 $0.1 -$5.58 $1.78
Net income
Net income $6.08 $7.42 $13.71 $11.7
Income (for common shares) $6.08 $7.42 $13.71 $11.7
(in millions $) 31 Dec 2023 31 Dec 2022 31 Dec 2021 31 Dec 2020
Revenue
Total revenue $523.12 $493.57 $443.66 $405.13
Cost of revenue $374.99 $342.14 $296.8 $276.25
Gross Profit $148.13 $151.43 $146.86 $128.88
Operating activities
Research & development
Selling, general & administrative $88.66 $12.91 $13.75 $17.33
Total operating expenses $107.65 $121.63 $133.06 $109.37
Operating income $40.48 $29.8 $13.8 $19.51
Income from continuing operations
EBIT $40.48 $29.8 $13.8 $19.51
Income tax expense $8.74 -$1.99 $1.92 $2.31
Interest expense $0.15 $8.8 $9.03 $9.43
Net income
Net income $31.58 $22.99 $2.85 $7.77
Income (for common shares) $31.58 $22.99 $2.85 $7.77
(in millions $) 31 Dec 2023 30 Sep 2023 30 Jun 2023 31 Mar 2023
Net income $6.08 $7.42 $13.71 $11.7
Operating activities
Depreciation $8.24 $8.27 $7.3 $8.7
Business acquisitions & disposals -$0.52 $0.19
Stock-based compensation $1.43 $0.85 $0.63 $1.32
Total cash flows from operations -$1.64 $8.68 $7.61 $17.18
Investing activities
Capital expenditures -$2.89 -$2.05 -$3.69 -$3.76
Investments
Total cash flows from investing -$2.89 -$2.05 -$4.3 -$3.56
Financing activities
Dividends paid
Sale and purchase of stock -$8.44 -$1.83 $2.05
Net borrowings -$0.12 -$0.14 $10.1 -$8.17
Total cash flows from financing -$8.55 -$1.97 $10.34 -$7.57
Effect of exchange rate $0.07 -$0.07 $0.09 -$0.45
Change in cash and equivalents -$13.01 $4.6 $13.75 $5.59
(in millions $) 31 Dec 2023 31 Dec 2022 31 Dec 2021 31 Dec 2020
Net income $31.58 $22.99 $2.85 $7.77
Operating activities
Depreciation $33.44 $34.18 $28.2 $24.47
Business acquisitions & disposals $1.03 $0.65 $0.43
Stock-based compensation $4.61 $1.85 $4.52 $0.36
Total cash flows from operations $41.86 $50.13 $25.9 $51.72
Investing activities
Capital expenditures -$18.95 -$25.92 -$20.82 -$5.26
Investments
Total cash flows from investing -$19.04 -$24.89 -$20.17 -$4.83
Financing activities
Dividends paid -$4 -$0.12
Sale and purchase of stock $1.78 -$3.41 $63.11
Net borrowings -$15.39 -$29.91 -$27.63 -$33.75
Total cash flows from financing -$13.61 -$33.28 $30.43 -$33.87
Effect of exchange rate -$0.61 -$0.97 -$0.18 -$0.02
Change in cash and equivalents $8.6 -$9.01 $35.97 $13
Fundamentals
Market cap $272.82M
Enterprise value $300.82M
Shares outstanding 17.68M
Revenue $513.10M
EBITDA $76.08M
EBIT $43.57M
Net Income $38.91M
Revenue Q/Q -4.85%
Revenue Y/Y N/A
P/E ratio 7.01
EV/Sales 0.59
EV/EBITDA 3.95
EV/EBIT 6.90
P/S ratio 0.53
P/B ratio 1.68
Book/Share 9.18
Cash/Share 2.77
EPS $2.20
ROA 13.24%
ROE 26.68%
Debt/Equity 0.96
Net debt/EBITDA 1.22
Current ratio 2.28
Quick ratio 2.28