IDP Education (IEL.AX)
Pitch Summary: High-quality global student placement and English testing platform temporarily marked down by regulatory headlines; trades ~13–14x depressed EBIT despite durable demand, pricing power, and share-gain opportunity as universities “flight to quality” for higher visa-approval candidates. BSD Analysis: IDP’s core engines—student placement into AU/UK/US/CA and co-ownership of IELTS—remain structurally sound; recent caps and policy […]
