Financials Irish Residential Properties REIT Plc

Equities

IRES

IE00BJ34P519

Residential REITs

Market Closed - Irish S.E. 11:55:00 2024-04-26 am EDT 5-day change 1st Jan Change
0.994 EUR 0.00% Intraday chart for Irish Residential Properties REIT Plc -1.58% -10.29%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Capitalization 1 830.6 785.5 887.4 590 586.8 526.4 -
Enterprise Value (EV) 1 1,384 1,331 1,500 1,235 586.8 1,103 1,099
P/E ratio 8.88 x 13.5 x 13.1 x -50.6 x -5.06 x 17.4 x 16.8 x
Yield 3.65% 3.99% 3.57% 4.59% - 4.83% 5.13%
Capitalization / Revenue 13.4 x 10.5 x 11.1 x 6.95 x 6.68 x 6.1 x 5.94 x
EV / Revenue 22.3 x 17.8 x 18.8 x 14.6 x 6.68 x 12.8 x 12.4 x
EV / EBITDA 33 x 28 x 29 x 22.8 x 10.5 x 20.2 x 19.9 x
EV / FCF 38.2 x 59.4 x 45.9 x 37.2 x - 36.3 x 33.5 x
FCF Yield 2.62% 1.68% 2.18% 2.69% - 2.76% 2.98%
Price to Book 1.02 x 0.93 x 1.01 x 0.7 x - 0.69 x 0.68 x
Nbr of stocks (in thousands) 522,404 525,079 529,454 529,579 529,579 529,579 -
Reference price 2 1.590 1.496 1.676 1.114 1.108 0.9940 0.9940
Announcement Date 2/20/20 2/19/21 2/23/22 2/24/23 2/23/24 - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Net sales 1 62.1 74.74 79.74 84.86 87.85 86.3 88.65
EBITDA 1 41.99 47.61 51.72 54.21 56.01 54.6 55.2
EBIT 1 98.32 71.08 81.43 4.939 -87.8 48.74 67.65
Operating Margin 158.33% 95.1% 102.12% 5.82% -99.93% 56.47% 76.31%
Earnings before Tax (EBT) 1 86.28 58.26 67.55 -11.86 -114.5 29.9 32.1
Net income 1 86.28 58.26 67.55 -11.82 -116 28 30.2
Net margin 138.95% 77.95% 84.7% -13.93% -132.05% 32.44% 34.07%
EPS 2 0.1790 0.1110 0.1280 -0.0220 -0.2190 0.0570 0.0590
Free Cash Flow 1 36.26 22.42 32.72 33.18 - 30.4 32.8
FCF margin 58.4% 30% 41.03% 39.1% - 35.23% 37%
FCF Conversion (EBITDA) 86.36% 47.1% 63.27% 61.21% - 55.68% 59.42%
FCF Conversion (Net income) 42.03% 38.49% 48.44% - - 108.57% 108.61%
Dividend per Share 2 0.0580 0.0597 0.0599 0.0511 - 0.0480 0.0510
Announcement Date 2/20/20 2/19/21 2/23/22 2/24/23 2/23/24 - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2019 S2 2020 S1 2020 S2 2021 S1 2022 S1 2023 S1 2023 S2 2024 S1 2024 S2 2025 S1 2025 S2
Net sales 1 - 37.36 37.38 39.43 42.08 44.28 43.58 42.9 - - -
EBITDA - - - - - - - - - - -
EBIT - - - 34.25 30.12 - - - - - -
Operating Margin - - - 86.86% 71.59% - - - - - -
Earnings before Tax (EBT) - - - 27.4 22.88 - - - - - -
Net income - - - 27.4 22.88 - - - - - -
Net margin - - - 69.5% 54.37% - - - - - -
EPS 2 - 0.0310 0.0340 0.0340 0.0250 - -0.1360 0.0280 0.0290 0.0300 0.0310
Dividend per Share 0.0310 0.0275 - 0.0291 0.0230 - - - - - -
Announcement Date 2/20/20 8/7/20 2/19/21 8/6/21 8/11/22 8/3/23 2/23/24 - - - -
1EUR in Million2EUR
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Net Debt 1 554 546 613 645 - 576 573
Net Cash position 1 - - - - - - -
Leverage (Debt/EBITDA) 13.18 x 11.46 x 11.85 x 11.9 x - 10.56 x 10.37 x
Free Cash Flow 1 36.3 22.4 32.7 33.2 - 30.4 32.8
ROE (net income / shareholders' equity) 4.63% 4.4% 4.3% 4.25% - 3.5% 3.7%
ROA (Net income/ Total Assets) - - - - - - -
Assets 1 - - - - - - -
Book Value Per Share 2 1.550 1.610 1.670 1.600 - 1.430 1.460
Cash Flow per Share - - - - - - -
Capex 32.4 26.1 20.4 13.4 - - -
Capex / Sales 52.18% 34.97% 25.54% 15.79% - - -
Announcement Date 2/20/20 2/19/21 2/23/22 2/24/23 2/23/24 - -
1EUR in Million2EUR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
C+
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
3
Last Close Price
0.994 EUR
Average target price
1.3 EUR
Spread / Average Target
+30.78%
Consensus
  1. Stock Market
  2. Equities
  3. IRES Stock
  4. Financials Irish Residential Properties REIT Plc