In a remarkable display of market resilience, IBEX Holdings Ltd. has reached a 52-week high, with its stock price climbing to $20.58. This peak reflects a significant turnaround for the company, which has seen its stock value surge by 14.6% over the past year. Investors have shown increased confidence in IBEX's strategic direction and growth potential, propelling the stock to this new high. The company's performance, particularly in the context of broader market conditions, underscores a robust business model and the successful execution of its operational goals. As IBEX continues to innovate and expand, market watchers remain attentive to its potential for sustained growth.
In other recent news, IBEX Limited has made significant strides in its business operations. The company recently repurchased approximately 20% of its diluted shares outstanding from The Resource Group International, Limited (TRGI), a move that has altered IBEX's ownership structure and ended its status as a "controlled company" under Nasdaq rules. This transaction, part of IBEX's broader capital management strategy, reflects the firm's confidence in its growth and financial health.
In addition to the share buyback, IBEX reported a strong start to fiscal year 2025 with a record Q1 revenue of $129.7 million, a 4.1% increase from the previous year. The company's adjusted EBITDA rose to $15.6 million, and adjusted EPS increased by 30% to $0.52. These recent developments led the company to raise its full-year revenue guidance to between $515 million and $525 million, with adjusted EBITDA expected to reach $67 million to $69 million.
IBEX also expanded its higher-margin offshore and nearshore services, now comprising 76% of total revenue, and launched three new client relationships. Despite a slight decline in net cash from operating activities and an increase in Days Sales Outstanding, the company remains optimistic about its growth prospects. These are recent developments that investors should monitor closely.
InvestingPro Insights
IBEX Holdings Ltd.'s recent 52-week high is supported by several promising financial indicators. According to InvestingPro data, the company's P/E ratio stands at 10.18, suggesting it may be undervalued relative to its earnings. This is further reinforced by an InvestingPro Tip highlighting that IBEX is trading at a low earnings multiple. Additionally, the company's strong financial health is evident from its ability to cover interest payments with cash flows and maintain liquid assets exceeding short-term obligations.
The stock's impressive performance is reflected in its 19.34% price total return over the past three months, aligning with the InvestingPro Tip noting a strong return over this period. Moreover, IBEX's profitability is underscored by its positive earnings over the last twelve months, with a basic EPS (Continuing Operations) of $1.95 USD.
For investors seeking more comprehensive analysis, InvestingPro offers 11 additional tips on IBEX Holdings Ltd., providing a deeper understanding of the company's financial position and market potential.
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