Why IPH Ltd’s share price is up today

IPH Ltd (ASX: IPH) is up 5% at the time of writing to $4.06, trading on a forward price-earnings-ratio (PER) of 15x and paying an annual dividend yield of 5.7% with 40% franked. IPH Ltd is unlike most other companies in the same industry, which pay a meager dividend or no dividend. Over one year the share price is down 21%.

IPH Limited has announced an on-market share buy-back program of its ordinary shares of up to $40 million, in place from 23 May 2018 for 12 months.  Buy-backs can indicate the share price is undervalued and is a good buy at the current market price.

IPH Ltd is the holding company for intellectual property (IP) and associated companies that according to the presentation at the Macquarie conference, provide a range of “services for protection, commercialisation, enforcement and management of all types of IP”.

SEEK Limited (ASX: SEK) is in the same sector as IPH Ltd, trading on a forward PER 34x and paying an annual dividend yield of 2.2%.

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Motley Fool contributor Rosemary Steinfort has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended IPH Ltd. The Motley Fool Australia has recommended SEEK Limited. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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