# International Public Partnerships Limited (INPP.L) fundamentals

Data as of 2026-09-08. LSE, United Kingdom. Sector: Financial Services. Price 138p, market value 2.5 billionp.

## Valuation
- **P/E (trailing): 9.9×**. International Public Partnerships Limited trades at 9.9× trailing earnings. The Financial Services median in the September 2026 study was 13.1×. Forward P/E is 12.0×, higher than trailing, so analysts expect earnings to fall.
- **PEG: 0.00**. A PEG of 0.00 means the P/E is low relative to expected earnings growth: the market is not paying much for that growth.
- **Price / sales: 8.0×**. Each dollar of revenue is priced at 8.0×.
- **Price / book: 0.9×**. The shares trade below book value, which can signal a bargain or a balance sheet the market doubts.
- **EV / EBITDA: 6.0×**. Enterprise value is 6.0× operating earnings before depreciation, the multiple that ignores how the company is financed; below 8× is inexpensive for most sectors.
- **Free-cash-flow yield: 12.2%** (5-yr avg 0.1%). Free cash flow equals 12.2% of the market value, above its five-year average of 0.1%, so the shares are cheaper on cash than they have usually been. Above 5% is generally attractive.
- **Earnings yield: 10.1%**. The inverse of the P/E: 10.1% of the price is earned each year.

## Profitability
- **Gross margin: 99.0%**. International Public Partnerships Limited keeps 99.0% of revenue after the direct cost of what it sells, the kind of margin that comes with software, brands or pricing power.
- **Operating margin: 86.3%**. 86.3% of revenue is left after running the business, an exceptional level.
- **Net margin: 97.3%**. 97.3% of each dollar of sales reaches the bottom line.
- **Return on equity: 9.6%**. 9.6% on shareholders' equity is weak; the business earns little on the capital its owners have in it.
- **Return on invested capital: 9.9%**. Return on all capital, debt included, is 9.9%.
- **Return on assets: 9.6%**. Each dollar of assets produces 9.6% of profit; low single digits are normal for banks and insurers.

## Growth
- **Revenue growth (1 yr): 628.6%** (3-yr -9.8%/yr, 5-yr 23.0%/yr). Revenue grew 628.6% over the last year, against 23.0% a year compounded over five years: growth is accelerating.
- **Free-cash-flow growth (3 yr): 5.2%/yr**. Free cash flow has compounded at 5.2% a year over three years, keeping pace with earnings: the growth is real cash.

## Financial health
- **Piotroski F-score: 7/9**. 7 of 9 fundamental checks pass: strong and improving financials.
- **Cash and short-term investments: 55 millionp**. Leverage ratios are shown differently for banks and insurers, whose balance sheets are built on deposits and reserves; use return on equity and the regulatory capital in the filings instead.

## Dividends
- **Dividend yield: 6.24%** (0p per share, trailing). International Public Partnerships Limited yields 6.24%, high enough to check carefully: yields this high often precede a cut.
- **Payout ratio: 59%** (104% of free cash flow). 59% of earnings goes out as dividends, leaving room to keep raising it.
- **Consecutive years of increases: 19**. 19 straight years of increases, a record that survived at least one recession.
- **Dividend growth (5 yr): 3.1%/yr** (1-yr 2.7%). The dividend has grown 3.1% a year over five years.
- **Shareholder yield: 11.1%**. Dividends plus net buybacks return 11.1% of the market value a year.

## Analyst view
- **Analyst consensus: hold** (2 analysts). 2 analysts cover International Public Partnerships Limited; the consensus is hold, with an average price target of 145p (+5% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): 14.0%** (YTD 11.1%, 3-mo 2.7%). The shares are up 14.0% over twelve months including dividends.
- **From 52-week high: -5.2%** (19.5% above the low). Trading 5% below its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 46**. An RSI of 46 is neutral.
- **Beta (1 yr): 0.54** (volatility 14%). Beta of 0.54 against the FTSE All-Share: the shares move much less than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=INPP.L · Page: https://foliofundamentals.com/stocks/inpp.l

Not investment advice.