Saturday 17 October 2026
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IBEX Limited
IBEX Technology Information Technology Services
IBEX Limited’s revenue for fiscal 2026 (year ended June 2026) was $644.1 million, up 15.4% from fiscal 2025. In the quarter to June 2026, revenue grew 11.6%, EPS fell 9.72%, free cash flow fell 4.91% and total debt rose 2.47%, each against the same quarter a year earlier.
45.65
0.26
−0.57%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to June
| Group | Line | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Trend | 2027e | 2028e | 2029e |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Price, $ | |||||||||||||||
| Price, $ | Low | — | — | — | 9.27 | 10.77 | 12.48 | 11.45 | 13.00 | 20.18 | 25.94 |
Analyst estimates 2027–2029 Powerpack |
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| High | — | — | — | 22.79 | 25.50 | 27.77 | 31.40 | 21.96 | 42.99 | 47.32 | |||||
| People | |||||||||||||||
| People | Employees | — | — | 22,537 | 22,976 | 24,243 | 29,987 | 29,863 | 30,000 | 33,000 | 35,000 | ||||
| Revenue/emp, $m | 0.00 | 0.00 | 0.00 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | |||||
| Income, $m | |||||||||||||||
| Income, $m | Revenue | 335 | 342 | 368 | 405 | 444 | 493 | 523 | 509 | 558 | 644 | ||||
| Gross margin, % | 17.44 | 11.88 | 100.00 | 100.00 | 100.00 | 24.12 | 28.32 | 29.89 | 30.91 | 29.17 | |||||
| EBT | (9) | (21) | (1) | 10 | 5 | 19 | 40 | 41 | 46 | 54 | |||||
| EBT margin, % | (2.61) | (6.10) | (0.25) | 2.49 | 1.07 | 3.93 | 7.71 | 8.06 | 8.23 | 8.43 | |||||
| Net income | 0 | (21) | 0 | 10 | 5 | 21 | 32 | 34 | 37 | 46 | |||||
| Depreciation | 14 | 12 | 22 | 24 | 28 | 18 | 19 | 19 | 17 | 20 | |||||
| Per share, $ | |||||||||||||||
| Per share, $ | Revenue | 18.91 | 19.34 | 384.93 | 344.50 | 25.14 | 27.03 | 28.74 | 28.73 | 38.03 | 48.02 | ||||
| Earnings | (0.44) | (0.90) | 11.46 | 6.61 | 0.16 | 1.26 | 1.74 | 1.90 | 2.51 | 3.45 | |||||
| Cash flow | 0.38 | (0.32) | 2.30 | 43.98 | 1.47 | 2.19 | 2.30 | 2.03 | 3.11 | 4.40 | |||||
| Capex | 0.00 | 0.00 | (6.32) | (4.48) | (1.18) | (1.49) | (1.04) | (0.50) | (1.25) | (2.07) | |||||
| Free cash flow | 0.38 | (0.32) | (4.02) | 39.50 | 0.29 | 0.70 | 1.26 | 1.53 | 1.86 | 2.33 | |||||
| Book value | 1.62 | 1.58 | 9.02 | 13.73 | 4.57 | 6.22 | 8.24 | 9.37 | 9.15 | 12.69 | |||||
| Shares, m | 18 | 18 | 1 | 1 | 18 | 18 | 18 | 18 | 15 | 13 | |||||
| Valuation, × | |||||||||||||||
| Valuation, × | P/E | 3.58 | 3.58 | 3.58 | 3.58 | 143.00 | 14.33 | 12.06 | 8.36 | 11.32 | 8.80 | ||||
| P/S | 0.71 | 0.71 | 0.71 | 0.71 | 0.78 | 0.62 | 0.74 | 0.56 | 0.77 | 0.63 | |||||
| P/B | 17.81 | 17.81 | 17.81 | 17.81 | 4.27 | 2.71 | 2.58 | 1.70 | 3.18 | 2.39 | |||||
| EV/Sales | 0.73 | 0.73 | 0.73 | 0.73 | 0.71 | 0.56 | 0.63 | 0.44 | 0.74 | 0.58 | |||||
| EV/FCF | 6.39 | 6.39 | 6.39 | 6.39 | 62.12 | 21.42 | 15.40 | 8.66 | 16.02 | 12.67 | |||||
| Cash, $m | |||||||||||||||
| Cash, $m | Operating cash flow | 7 | (6) | 2 | 52 | 26 | 40 | 42 | 36 | 46 | 59 | ||||
| Capex | (10) | (6) | (6) | (5) | (21) | (27) | (19) | (9) | (18) | (28) | |||||
| Free cash flow | 7 | (6) | (4) | 46 | 5 | 13 | 23 | 27 | 27 | 31 | |||||
| Balance, $m | |||||||||||||||
| Balance, $m | Working capital | (14) | (37) | (30) | (20) | 36 | 45 | 85 | 109 | 66 | 94 | ||||
| Total debt | 58 | 63 | 49 | 31 | 29 | 16 | 1 | 2 | 2 | 2 | |||||
| Net debt | 37 | 49 | 40 | 9 | (29) | (33) | (56) | (61) | (14) | (31) | |||||
| Shareholders’ equity | 29 | 28 | 9 | 16 | 81 | 113 | 150 | 166 | 134 | 170 | |||||
| Returns, % | |||||||||||||||
| Returns, % | ROA | (11.22) | (10.75) | 0.00 | 4.05 | 1.21 | 7.55 | 10.75 | 11.46 | 13.00 | 15.91 | ||||
| ROIC | 0.00 | 0.00 | 8.72 | 47.76 | 16.80 | 16.04 | 27.04 | 23.56 | 24.16 | 24.66 | |||||
| ROE | (34.63) | (56.03) | 59.95 | 62.72 | 5.88 | 22.11 | 23.98 | 21.32 | 24.57 | 30.43 | |||||
Negative figures in brackets.
Fiscal years to Jun 2026 · latest quarter Jun 2026
Charts ten years each
IBEX Limited vs peers in Information Technology Services (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| CLVT Clarivate PLC | $1.1B | — (loss-making) | — (loss-making) | −5.49% (below 0%: shrinking) | n/m | −12.52% (below 0%: shrinking) | 68.41% | (34.09%) | Compare |
| VYX NCR Voyix Corporation | $1.0B | 18.4× | 346× | −20.76% (below 0%: shrinking) | n/m | +91.55% (above 0%: growing) | 29.83% | 2.68% | Compare |
| TDTH Trident Digital Tech Holdings Ltd | $940.0M | — | — | — | — | — | — | — | Compare |
| NABL N-able, Inc. | $869.0M | — (loss-making) | 34.4× | +5.90% (above 0%: growing) | n/m | −19.43% (below 0%: shrinking) | 76.83% | 11.92% | Compare |
| TASK TaskUs, Inc. | $781.2M | 6.9× | 6.4× | +5.02% (above 0%: growing) | +9.09% (above 0%: growing) | +85,705.26% (above 0%: growing) | 34.69% | 10.79% | Compare |
| GDYN Grid Dynamics Holdings, Inc. | $649.8M | 284× | 62.4× | +6.99% (above 0%: growing) | −50.00% (below 0%: shrinking) | −75.27% (below 0%: shrinking) | 36.63% | 1.18% | Compare |
| IBEX IBEX Limited | $609.6M | 13.2× | 7.8× | +11.64% (above 0%: growing) | −9.72% (below 0%: shrinking) | −4.91% (below 0%: shrinking) | 28.56% | 5.98% | |
| WYFI WhiteFiber, Inc. | $505.4M | — (loss-making) | — (loss-making) | +54.53% (above 0%: growing) | n/m | −5.87% (below 0%: shrinking) | 59.40% | (32.09%) | Compare |
| VRRM VERRA MOBILITY CORP | $446.8M | 10.6× | 5.1× | +11.68% (above 0%: growing) | n/m | −19.16% (below 0%: shrinking) | 54.92% | (12.44%) | Compare |
| Median of peers | $825.1M | 14.5× | 34.4× | +5.90% | — | −12.52% | 54.92% | 1.18% |
IBEX Limited (IBEX) key facts
- Strength: IBEX Limited’s revenue for fiscal 2026 (year ended June 2026) was $644.1 million, up 15.4% from fiscal 2025.
- IBEX Limited (IBEX) is an Information Technology Services company in the Technology sector, listed on Nasdaq.
- As of October 16, 2026, IBEX traded at $45.65, a market capitalization of $609.6 million.
- Return on equity was 30.4% and debt-to-equity 0.01.
- Its Piotroski F-score is 8 out of 9 and its Altman Z-score is 5.12 (safe zone) for fiscal 2026.
IBEX Limited (IBEX) Latest News
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