I notice each of the IP firms on the ASX had similar results which mirrored the slight decline in patent / trademark registrations across the industry.
Looking at the Trailing PE of each of the IP Firms:
XIP = 10
QIP = 14
IPH = 17
Forward PE At IPO:
XIP = 19
QIP = 16
IPH = 14
Valuation Expansion/Contraction:
XIP -45%
QIP -15%
IPH + 20%
What I find interesting is that XIP has actually grown EPS since prospectus yet lost -33% in SP through valuation contraction.
Is there anyone with industry knowledge able to ascribe reasons to why XIP is rated as a lower quality business compared to QIP and IPH?
