📊 IBEX Key Takeaways
Is IBEX Ltd (IBEX) a Good Investment?
IBEX demonstrates solid financial stability with a fortress balance sheet (minimal debt, 1.83x current ratio) and healthy liquidity, but exhibits concerning operational deterioration with net income flat at $24.3M despite 9.8% revenue growth. The critical weakness is severely constrained free cash flow of $2.9M (0.9% margin), with capex consuming 83% of FCF, limiting strategic flexibility and raising questions about capital efficiency.
IBEX shows solid fundamentals with low leverage, strong liquidity, and respectable profitability (9.2% operating margin, 15.7% ROE) alongside nearly 10% revenue growth. However, flat net income, weak free cash flow due to elevated capex, and softer cash conversion temper the growth quality. Evidence of margin expansion translating into stronger, sustainable FCF would justify a more constructive stance.
Why Buy IBEX Ltd Stock? IBEX Key Strengths
- Fortress balance sheet with $594K long-term debt and 0.00x debt/equity ratio
- Strong liquidity metrics (1.83x current ratio, 37.1x interest coverage) with zero financial distress risk
- Consistent revenue growth of 9.8% YoY demonstrating market demand in data processing services
- Debt-light balance sheet with strong liquidity (1.83x current ratio)
- Healthy profitability for the sector (9.2% operating margin, 15.7% ROE)
- Solid revenue growth (+9.8% YoY) with high interest coverage (37.1x)
IBEX Stock Risks: IBEX Ltd Investment Risks
- Profit margin compression with net income growth of 0.0% YoY while revenue grew 9.8%, indicating operating deleverage
- Critically low free cash flow generation at $2.9M (0.9% FCF margin) with capex at $19.4M consuming bulk of operating cash
- Operating margin of 9.2% is modest for services sector, with gap between revenue and earnings growth widening operational risk
- Weak free cash flow and high capex intensity (0.9% FCF margin)
- Flat net income despite revenue growth suggests margin pressure or rising costs
- EPS growth likely driven by share count changes rather than core earnings growth
Key Metrics to Watch
- Operating margin trend and earnings reacceleration relative to revenue growth
- Free cash flow conversion and capex-to-revenue ratio optimization
- Gross margin disclosure to isolate margin compression source
- Free cash flow margin and capex intensity
- Operating margin trend vs. revenue growth
IBEX Ltd (IBEX) Financial Metrics & Key Ratios
💡 AI Analyst Insight
The relatively thin 0.9% FCF margin may limit capital allocation flexibility.
IBEX Profit Margin, ROE & Profitability Analysis
IBEX vs Technology Sector: How IBEX Ltd Compares
How IBEX Ltd compares to Technology sector averages
Sector benchmarks are approximate industry averages. Actual sector performance may vary.
Is IBEX Ltd Stock Overvalued? IBEX Valuation Analysis 2026
Based on fundamental analysis, IBEX Ltd has mixed fundamental signals relative to the Technology sector in 2026.
Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.
IBEX Ltd Balance Sheet: IBEX Debt, Cash & Liquidity
IBEX Revenue & Earnings Growth: 5-Year Financial Trend
5-Year Trend Summary: IBEX Ltd's revenue has shown modest growth of 7% over the 5-year period. The most recent EPS of $1.67 reflects profitable operations.
IBEX Revenue Growth, EPS Growth & YoY Performance
IBEX Quarterly Earnings & Performance
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q2 2026 | $140.7M | $9.3M | $0.57 |
| Q1 2026 | $129.7M | $7.5M | $0.43 |
| Q3 2025 | $126.8M | $10.3M | $0.57 |
| Q2 2025 | $132.6M | $6.1M | $0.33 |
| Q1 2025 | $124.6M | $7.4M | $0.39 |
| Q3 2024 | $126.8M | $10.3M | $0.57 |
| Q2 2024 | $132.6M | $6.1M | $0.33 |
| Q1 2024 | $124.6M | $6.5M | $0.35 |
Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.
IBEX Ltd Dividends, Buybacks & Capital Allocation
IBEX SEC Filings: Latest 10-K & 10-Q Analysis
Access official SEC EDGAR filings for IBEX Ltd (CIK: 0001720420)
📋 Recent SEC Filings
| Date | Form | Document | Action |
|---|---|---|---|
| Mar 4, 2026 | 4 | xslF345X05/wk-form4_1772658794.xml | View → |
| Mar 4, 2026 | 4 | xslF345X05/wk-form4_1772658722.xml | View → |
| Mar 4, 2026 | 4 | xslF345X05/wk-form4_1772658649.xml | View → |
| Mar 4, 2026 | 4 | xslF345X05/wk-form4_1772658574.xml | View → |
| Mar 4, 2026 | 4 | xslF345X05/wk-form4_1772658473.xml | View → |
❓ Frequently Asked Questions about IBEX
What is the AI rating for IBEX?
IBEX Ltd (IBEX) has a Combined AI Rating of HOLD from Claude (HOLD) and ChatGPT (HOLD) with 69% combined confidence, based on fundamental analysis of SEC EDGAR filings.
What are IBEX's key strengths?
Claude: Fortress balance sheet with $594K long-term debt and 0.00x debt/equity ratio. Strong liquidity metrics (1.83x current ratio, 37.1x interest coverage) with zero financial distress risk. ChatGPT: Debt-light balance sheet with strong liquidity (1.83x current ratio). Healthy profitability for the sector (9.2% operating margin, 15.7% ROE).
What are the risks of investing in IBEX?
Claude: Profit margin compression with net income growth of 0.0% YoY while revenue grew 9.8%, indicating operating deleverage. Critically low free cash flow generation at $2.9M (0.9% FCF margin) with capex at $19.4M consuming bulk of operating cash. ChatGPT: Weak free cash flow and high capex intensity (0.9% FCF margin). Flat net income despite revenue growth suggests margin pressure or rising costs.
What is IBEX's revenue and growth?
IBEX Ltd reported revenue of $315.4M.
Does IBEX pay dividends?
IBEX Ltd does not currently pay dividends.
Where can I find IBEX SEC filings?
Official SEC filings for IBEX Ltd (CIK: 0001720420) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.
What is IBEX's EPS?
IBEX Ltd has a diluted EPS of $1.65.
How is the AI analysis conducted?
Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined rating reflects both perspectives for balanced insights.
Is IBEX a good stock to buy right now?
Based on our AI fundamental analysis in April 2026, IBEX Ltd has a HOLD rating with 69% confidence. Review the strengths and risks sections above before making a decision. This is not investment advice.
Is IBEX stock overvalued or undervalued?
Valuation metrics for IBEX: ROE of 15.7% (sector avg: 22%), net margin of 7.7% (sector avg: 18%). Compare these metrics with sector averages to assess valuation.
Should I buy IBEX stock in 2026?
Our dual AI analysis gives IBEX Ltd a combined HOLD rating for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.
What is IBEX's free cash flow?
IBEX Ltd's operating cash flow is $22.3M, with capital expenditures of $19.4M. FCF margin is 0.9%.
How does IBEX compare to other Technology stocks?
Vs Technology sector averages: Net margin 7.7% (avg: 18%), ROE 15.7% (avg: 22%), current ratio 1.83 (avg: 2.5).