IBEX (IBEX) AI Stock Analysis

• Market Cap: $517.29M
• Dividend Yield: N/A
• Average Volume (3M): 154.47K
• Price to Earnings (P/E): 16.3
• Beta (1Y): 0.89
• Revenue Growth: 9.77%
• EPS Growth: 34.36%
• Country: US
• Employees: 33,000
• Sector: Technology
• Sector Strength: 88
• Industry: Information Technology Services
• EPS (TTM): 0.87
• Shares Outstanding: 13,315,077
• 10 Day Avg. Volume: 296,984
• 30 Day Avg. Volume: 154,466
• PEG Ratio: 0.36
• Price to Book (P/B): 3.18
• Price to Sales (P/S): 0.77
• P/FCF Ratio: 15.65
• Enterprise Value/Market Cap: 0.92
• Enterprise Value/Revenue: 0.89
• Enterprise Value/Gross Profit: 2.88
• Enterprise Value/Ebitda: 7.18
• 1Y Price Target: $43.00
• Price Target Upside: 10.57% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2

• Rating: 74 Outperform
• Price Target: $47.00 ▲(20.85% Upside)

IBEX's strong financial performance and positive earnings call are the most significant factors driving the score. Technical analysis suggests bullish momentum, though caution is advised due to overbought signals. Valuation is reasonable, but the lack of a dividend yield is a minor drawback.

Positive Factors

Revenue Growth

IBEX's consistent revenue growth highlights its strong market position and effective business model, supporting long-term financial stability.

AI Integration

Full-scale AI deployments enhance IBEX's service offerings, providing a sustainable competitive edge and positioning the company for future growth.

Free Cash Flow

Strong free cash flow generation indicates robust cash management, enabling strategic investments and financial flexibility for IBEX.

Negative Factors

Increased SG&A Expenses

Rising SG&A expenses could pressure margins, potentially affecting profitability if not managed effectively over the long term.

Decline in Fintech Vertical

The decline in the Fintech vertical may indicate challenges in this segment, potentially impacting overall revenue diversification and growth.

Moderate Reliance on Debt

While leverage management has improved, moderate reliance on debt could pose risks if market conditions change, affecting financial stability.

IBEX Business Overview & Revenue Model

Company Description

IBEX Limited provides end-to-end technology-enabled customer lifecycle experience solutions in the United States and internationally. The company provides ibex Connect, a customer engagement solution that comprises customer service, technical support, revenue generation, and other value-added outsourced back-office services through the CX model, which integrates voice, email, chat, SMS, social media, and other communication applications; ibex Digital, a customer acquisition solution that includes digital marketing, e-commerce technology, and platform solutions; and ibex CX, a customer experience solution, which provides a suite of proprietary software tools to measure, monitor, and manage its clients' customer experience. As of October 1, 2021, the company operated 33 customer engagement and three customer acquisition delivery centers. It serves banking and financial services, delivery and logistics, health tech and wellness, high tech, retail and e-commerce, streaming and entertainment, travel and hospitality, and utility industries. The company was formerly known as IBEX Holdings Limited and changed its name to IBEX Limited in September 2019. The company was incorporated in 2017 and is headquartered in Washington, District of Columbia. IBEX Limited is a subsidiary of The Resource Group International Limited.

How the Company Makes Money

IBEX generates revenue primarily through subscription-based models for its software and digital solutions, allowing clients to access its platforms and services on a recurring basis. Additionally, the company earns income from consulting and implementation services, where it helps businesses integrate its technologies into their existing operations. Key revenue streams include licensing fees for proprietary software, transaction fees for data analytics services, and performance-based incentives linked to customer satisfaction improvements. IBEX also partners with major technology firms and industry leaders to expand its market reach and capabilities, further driving its earnings through collaborative projects and joint ventures.

IBEX Financial Statement Overview

Summary

IBEX shows strong financial performance with consistent revenue growth and profitability. The balance sheet reflects improved leverage management, and cash flow generation is robust, although there is room for improvement in cash efficiency.

Income Statement

IBEX has demonstrated consistent revenue growth with a 4.22% increase in the latest year, supported by a strong gross profit margin of 30.91%. The net profit margin remains stable at 6.60%, indicating effective cost management. However, the EBITDA margin has slightly decreased, suggesting potential pressure on operational efficiency.

Balance Sheet

The company's debt-to-equity ratio has improved to 0.52, reflecting better leverage management compared to previous years. Return on equity is strong at 27.45%, showcasing effective use of shareholder funds. However, the equity ratio indicates moderate reliance on debt, which could pose risks if not managed carefully.

Cash Flow

IBEX has achieved a significant free cash flow growth of 38.42%, highlighting robust cash generation capabilities. The operating cash flow to net income ratio of 0.57 suggests a healthy conversion of earnings into cash. However, the free cash flow to net income ratio indicates room for improvement in cash efficiency.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	535.67M	558.27M	508.57M	523.12M	493.57M	443.66M
Gross Profit	165.47M	172.58M	152.03M	148.13M	119.60M	100.40M
EBITDA	66.28M	63.84M	60.96M	60.10M	52.80M	51.53M
Net Income	37.11M	36.86M	33.66M	31.58M	21.46M	2.85M
Balance Sheet
Total Assets	274.73M	273.21M	293.90M	293.32M	290.14M	274.29M
Cash, Cash Equivalents and Short-Term Investments	12.98M	15.35M	62.72M	57.43M	48.83M	57.84M
Total Debt	91.77M	69.75M	67.02M	78.90M	104.74M	112.52M
Total Liabilities	150.55M	138.91M	128.10M	143.36M	189.85M	193.63M
Stockholders Equity	124.18M	134.31M	165.80M	149.96M	100.29M	80.66M
Cash Flow
Free Cash Flow	19.72M	27.29M	27.05M	22.91M	24.21M	5.07M
Operating Cash Flow	35.15M	45.67M	35.90M	41.86M	50.13M	25.90M
Investing Cash Flow	-15.44M	-18.38M	-8.86M	-19.04M	-24.89M	-20.17M
Financing Cash Flow	-57.58M	-74.66M	-21.73M	-13.61M	-33.28M	30.43M

IBEX Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 38.89
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IBEX, the sentiment is Positive. The current price of 38.89 is above the 20-day moving average (MA) of 30.93, above the 50-day MA of 30.03, and above the 200-day MA of 26.04, indicating a bullish trend. The MACD of 1.99 indicates Negative momentum. The RSI at 73.91 is Negative, neither overbought nor oversold. The STOCH value of 77.55 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IBEX.

IBEX Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IBEX	74 Outperform	$517.29M	16.30	24.57%	―	9.77%	34.36%
III	69 Neutral	258.33M	34.34	2.95%	3.36%	-9.86%	0.00%
TLS	58 Neutral	490.02M	-8.81	-46.87%	―	-13.76%	-75.18%
UIS	55 Neutral	284.46M	-3.37	68.24%	―	-1.53%	78.84%
CNDT	54 Neutral	436.01M	89.61	2.18%	―	-14.36%	-73.74%
TTEC	44 Neutral	173.01M	-6.63	-9.26%	―	-8.21%	91.83%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%