(IBEX) IBEX - Overview
Sector: Technology | Industry: Information Technology Services | Exchange: NASDAQ (USA) | Market Cap: 409m USD | Total Return: 13% in 12m
Avg Turnover: 3.24M
EPS Trend: 96.3%
Qual. Beats: 0
Rev. Trend: 84.7%
Qual. Beats: 2
Warnings
No concerns identified
Tailwinds
No distinct edge detected
IBEX Limited provides technology-enabled customer lifecycle solutions, operating primarily within the Business Process Outsourcing (BPO) and Customer Experience (CX) sectors. The company utilizes an integrated model-comprising ibex Connect, ibex Digital, and ibex CX-to manage customer acquisition, technical support, and back-office services across digital and voice channels. Its client base spans diverse industries, including financial services, health tech, e-commerce, and logistics.
The CX outsourcing market is increasingly driven by the transition from traditional voice-only services to omnichannel platforms that incorporate AI-driven chat and SMS. IBEX utilizes a global delivery model, leveraging offshore and nearshore centers to optimize labor costs while maintaining service quality for multinational clients. Investors can find additional data-driven insights on these operational trends at ValueRay.
Headquartered in Washington, D.C., IBEX operates as a specialized provider in the Application Software GICS sub-industry. The firm’s business model focuses on end-to-end management, from initial digital marketing and customer acquisition to long-term retention and experience monitoring.
- Nearshore and offshore delivery shift expands consolidated operating margins
- AI-driven automation implementation reduces labor costs and improves service efficiency
- Strategic expansion into high-growth health tech and financial services verticals
- Digital marketing platform performance dictates customer acquisition revenue growth trends
- Exposure to Philippine and Jamaican labor markets creates foreign exchange risk
| Net Income: 47.2m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.11 > 0.02 and ΔFCF/TA 3.69 > 1.0 |
| NWC/Revenue: 12.86% < 20% (prev 11.14%; Δ 1.73% < -1%) |
| CFO/TA 0.21 > 3% & CFO 62.1m > Net Income 47.2m |
| Net Debt (45.6m) to EBITDA (76.1m): 0.60 < 3 |
| Current Ratio: 1.95 > 1.5 & < 3 |
| Outstanding Shares: last quarter (15.0m) vs 12m ago 4.10% < -2% |
| Gross Margin: 28.29% > 18% (prev 0.31%; Δ 2.80k% > 0.5%) |
| Asset Turnover: 219.2% > 50% (prev 195.0%; Δ 24.24% > 0%) |
| Interest Coverage Ratio: 49.50 > 6 (EBITDA TTM 76.1m / Interest Expense TTM 1.16m) |
| A: 0.27 (Total Current Assets 165.4m - Total Current Liabilities 84.8m) / Total Assets 297.2m |
| B: 0.21 (Retained Earnings 63.3m / Total Assets 297.2m) |
| C: 0.20 (EBIT TTM 57.5m / Avg Total Assets 286.0m) |
| D: 0.37 (Book Value of Equity 50.0m / Total Liabilities 136.5m) |
| Altman-Z'' = 4.21 = AA |
| DSRI: 0.90 (Receivables 131.2m/125.1m, Revenue 626.9m/535.7m) |
| GMI: 1.09 (GM 28.29% / 30.89%) |
| AQI: 1.08 (AQ_t 0.12 / AQ_t-1 0.11) |
| SGI: 1.17 (Revenue 626.9m / 535.7m) |
| TATA: -0.05 (NI 47.2m - CFO 62.1m) / TA 297.2m) |
| Beneish M = -2.91 (Cap -4..+1) = A |
As of May 25, 2026, the stock is trading at USD 32.02 with a total of 76,671 shares traded.
Over the past week, the price has changed by +4.78%,
over one month by +13.10%,
over three months by +15.30% and
over the past year by +12.95%.
IBEX has received a consensus analysts rating of 3.00. Therefore, it is recommended to hold IBEX.
- StrongBuy: 0
- Buy: 0
- Hold: 1
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 37.5 | 17.1% |
P/E Trailing = 9.55
P/E Forward = 8.7642
P/S = 0.6637
P/B = 2.5757
Revenue TTM = 626.9m USD
EBIT TTM = 57.5m USD
EBITDA TTM = 76.1m USD
Long Term Debt = 45.6m USD (estimated: total debt 61.0m - short term 15.4m)
Short Term Debt = 15.4m USD (from shortTermDebt, last quarter)
Debt = 61.0m USD (from shortLongTermDebtTotal, last quarter) (leases 61.0m already included)
Net Debt = 45.6m USD (calculated: Debt 61.0m - CCE 15.4m)
Enterprise Value = 454.8m USD (409.2m + Debt 61.0m - CCE 15.4m)
Interest Coverage Ratio = 49.50 (Ebit TTM 57.5m / Interest Expense TTM 1.16m)
EV/FCF = 14.07x (Enterprise Value 454.8m / FCF TTM 32.3m)
FCF Yield = 7.10% (FCF TTM 32.3m / Enterprise Value 454.8m)
FCF Margin = 5.15% (FCF TTM 32.3m / Revenue TTM 626.9m)
Net Margin = 7.53% (Net Income TTM 47.2m / Revenue TTM 626.9m)
Gross Margin = 28.29% ((Revenue TTM 626.9m - Cost of Revenue TTM 449.6m) / Revenue TTM)
Gross Margin QoQ = 26.53% (prev 26.09%)
Tobins Q-Ratio = 1.53 (Enterprise Value 454.8m / Total Assets 297.2m)
Interest Expense / Debt = 1.90% (Interest Expense 1.16m / Debt 61.0m)
Taxrate = 16.56% (2.64m / 16.0m)
NOPAT = 48.0m (EBIT 57.5m * (1 - 16.56%))
Current Ratio = 1.95 (Total Current Assets 165.4m / Total Current Liabilities 84.8m)
Debt / Equity = 0.38 (Debt 61.0m / totalStockholderEquity, last quarter 160.8m)
Debt / EBITDA = 0.60 (Net Debt 45.6m / EBITDA 76.1m)
Debt / FCF = 1.41 (Net Debt 45.6m / FCF TTM 32.3m)
Total Stockholder Equity = 148.3m (last 4 quarters mean from totalStockholderEquity)
RoA = 16.50% (Net Income 47.2m / Total Assets 297.2m)
RoE = 31.81% (Net Income TTM 47.2m / Total Stockholder Equity 148.3m)
RoCE = 29.66% (EBIT 57.5m / Capital Employed (Equity 148.3m + L.T.Debt 45.6m))
RoIC = 22.59% (NOPAT 48.0m / Invested Capital 212.5m)
WACC = 8.78% (E(409.2m)/V(470.2m) * Re(9.85%) + D(61.0m)/V(470.2m) * Rd(1.90%) * (1-Tc(0.17)))
Discount Rate = 9.85% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -55.56 | Cagr: -8.78%
[DCF] Terminal Value 76.60% ; FCFF base≈27.3m ; Y1≈31.3m ; Y5≈46.0m
[DCF] Fair Price = 44.69 (EV 644.0m - Net Debt 45.6m = Equity 598.4m / Shares 13.4m; r=8.78% [WACC]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: 96.30 | EPS CAGR: 30.31% | SUE: 0.0 | # QB: 0
Revenue Correlation: 84.71 | Revenue CAGR: 6.98% | SUE: 1.72 | # QB: 2
EPS next Quarter (2026-09-30): EPS=0.87 | Chg30d=-1.14% | Revisions=-20% | Analysts=2
EPS current Year (2026-06-30): EPS=3.52 | Chg30d=+3.07% | Revisions=+20% | GrowthEPS=+28.0% | GrowthRev=+13.2%
EPS next Year (2027-06-30): EPS=3.62 | Chg30d=-0.96% | Revisions=-20% | GrowthEPS=+3.0% | GrowthRev=+5.7%
[Analyst] Revisions Ratio: -20%