IREN SPA |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 1.822 EUR | -0.71% |
|
+2.36% | -7.65% |
| Apr. 05 | Italy's IREN inaugurates plastic waste sorting plant | RE |
| Apr. 05 | Futures down amid Fed and Middle East tensions | AN |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 2,727 | 3,593 | 2,733 | 3,405 | 1,884 | 2,338 | 2,338 | - |
| Enterprise Value (EV) 1 | 5,180 | 6,299 | 5,681 | 6,311 | 5,231 | 2,532 | 6,352 | 6,621 |
| P/E ratio | 11 x | 15.3 x | 11.8 x | 11.1 x | 8.16 x | 9.25 x | 8.61 x | 8.22 x |
| Yield | 4.01% | 3.35% | 4.47% | 3.96% | - | 6.63% | 6.86% | 7.81% |
| Capitalization / Revenue | 0.67 x | 0.84 x | 0.73 x | 0.69 x | 0.24 x | 0.39 x | 0.39 x | 0.33 x |
| EV / Revenue | 1.28 x | 1.47 x | 1.52 x | 1.27 x | 0.67 x | 0.39 x | 1.06 x | 0.92 x |
| EV / EBITDA | 5.36 x | 6.87 x | 6.13 x | 6.32 x | 4.96 x | 2.12 x | 5.17 x | 5.08 x |
| EV / FCF | 15.7 x | 31.4 x | 41.7 x | 32.8 x | 28.2 x | -15.9 x | 57.7 x | -192 x |
| FCF Yield | 6.39% | 3.19% | 2.4% | 3.05% | 3.55% | -6.3% | 1.73% | -0.52% |
| Price to Book | 1.24 x | 1.57 x | 1.14 x | 1.32 x | 0.69 x | 0.8 x | 0.83 x | 0.77 x |
| Nbr of stocks (in thousands) | 1,300,931 | 1,300,931 | 1,285,293 | 1,283,076 | 1,283,076 | 1,283,076 | 1,283,076 | - |
| Reference price 2 | 2.096 | 2.762 | 2.126 | 2.654 | 1.468 | 1.822 | 1.822 | 1.822 |
| Announcement Date | 4/12/19 | 3/25/20 | 3/25/21 | 3/29/22 | 3/23/23 | 3/28/24 | - | - |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 4,041 | 4,275 | 3,725 | 4,956 | 7,863 | 6,490 | 5,975 | 7,158 |
| EBITDA 1 | 966.6 | 917.3 | 927.4 | 998 | 1,055 | 1,197 | 1,228 | 1,302 |
| EBIT 1 | 530.5 | 452.1 | 415.8 | 454 | 464 | 464.6 | 542 | 563 |
| Operating Margin | 13.13% | 10.58% | 11.16% | 9.16% | 5.9% | 7.16% | 9.07% | 7.87% |
| Earnings before Tax (EBT) 1 | 389.5 | 377.3 | 365.2 | 423.8 | 398.8 | 379.1 | 436.3 | 448.7 |
| Net income 1 | 242.1 | 236.6 | 235.3 | 303.1 | 226 | 254.8 | 274.1 | 289.6 |
| Net margin | 5.99% | 5.53% | 6.32% | 6.12% | 2.87% | 3.93% | 4.59% | 4.05% |
| EPS 2 | 0.1900 | 0.1800 | 0.1800 | 0.2400 | 0.1800 | 0.1969 | 0.2117 | 0.2217 |
| Free Cash Flow 1 | 330.9 | 200.7 | 136.4 | 192.7 | 185.5 | -390.5 | 110 | -34.5 |
| FCF margin | 8.19% | 4.69% | 3.66% | 3.89% | 2.36% | -4.86% | 1.84% | -0.48% |
| FCF Conversion (EBITDA) | 34.23% | 21.88% | 14.7% | 19.31% | 17.59% | - | 8.96% | - |
| FCF Conversion (Net income) | 136.67% | 84.82% | 57.95% | 63.58% | 82.07% | - | 40.14% | - |
| Dividend per Share 2 | 0.0840 | 0.0925 | 0.0950 | 0.1050 | - | 0.1208 | 0.1250 | 0.1423 |
| Announcement Date | 4/12/19 | 3/25/20 | 3/25/21 | 3/29/22 | 3/23/23 | 3/28/24 | - | - |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2019 S1 | 2020 S1 | 2021 Q2 | 2021 S1 | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 S1 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 S1 | 2023 Q3 | 2023 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales | 2,238 | 1,826 | 864.9 | 2,005 | 1,099 | 1,852 | 2,186 | 1,526 | 3,712 | 1,932 | - | 2,020 | 1,194 | 3,214 | - | - |
| EBITDA 1 | 478.1 | 473.3 | 204.6 | 517.5 | 215.1 | 265.4 | 363 | 199.7 | 562.7 | 196.6 | 295 | 368 | 238.5 | 606.5 | 250.8 | 339.6 |
| EBIT 1 | 257.7 | 232 | 66.95 | 251.1 | 85.26 | 117.6 | 226 | 56.9 | 282.9 | 41.4 | 139.7 | 210 | 38.28 | 248.3 | 76.38 | 140 |
| Operating Margin | 11.51% | 12.7% | 7.74% | 12.52% | 7.76% | 6.35% | 10.34% | 3.73% | 7.62% | 2.14% | - | 10.4% | 3.21% | 7.72% | - | - |
| Earnings before Tax (EBT) 1 | 234.4 | 206.6 | 62.82 | 242.7 | 72.52 | 108.5 | 213.5 | 43.6 | 257.1 | 22.8 | 124.7 | 193 | 20.97 | 214 | 50.77 | 114.4 |
| Net income 1 | 150.6 | 132.7 | 72.55 | 193.2 | 48.28 | 61.6 | 118 | 15.3 | 133.3 | 4.5 | 88.26 | 135 | 7.897 | 142.9 | 33.92 | 77.99 |
| Net margin | 6.73% | 7.27% | 8.39% | 9.64% | 4.39% | 3.33% | 5.4% | 1% | 3.59% | 0.23% | - | 6.68% | 0.66% | 4.45% | - | - |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 7/31/19 | 8/4/20 | 8/3/21 | 8/3/21 | 11/11/21 | 3/29/22 | 5/12/22 | 7/28/22 | 7/28/22 | 11/3/22 | 3/23/23 | 5/11/23 | 7/27/23 | 7/27/23 | 11/9/23 | 3/28/24 |
1EUR in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 2,453 | 2,706 | 2,948 | 2,906 | 3,347 | 3,865 | 4,014 | 4,283 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 2.538 x | 2.95 x | 3.179 x | 2.912 x | 3.174 x | 3.29 x | 3.269 x | 3.289 x |
| Free Cash Flow 1 | 331 | 201 | 136 | 193 | 185 | -391 | 110 | -34.5 |
| ROE (net income / shareholders' equity) | 9.57% | 9.08% | 10.1% | 10.6% | 8.5% | 9.62% | 11.1% | 10.2% |
| ROA (Net income/ Total Assets) | - | - | - | - | - | - | - | - |
| Assets 1 | - | - | - | - | - | - | - | - |
| Book Value Per Share 2 | 1.690 | 1.760 | 1.860 | 2.000 | 2.140 | 2.260 | 2.200 | 2.370 |
| Cash Flow per Share 2 | 0.6000 | 0.5600 | 0.6400 | 0.7400 | 0.8400 | 0.7700 | 0.7900 | - |
| Capex 1 | 447 | 524 | 685 | 758 | 898 | 1,092 | 957 | 1,062 |
| Capex / Sales | 11.06% | 12.26% | 18.39% | 15.29% | 11.41% | 13.6% | 16.02% | 14.84% |
| Announcement Date | 4/12/19 | 3/25/20 | 3/25/21 | 3/29/22 | 3/23/23 | 3/28/24 | - | - |
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
B
Sell
Buy
Mean consensus
BUY
Number of Analysts
4
Last Close Price
1.822
EUR
Average target price
2.4
EUR
Spread / Average Target
+31.72%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| -7.65% | 2.5B | |
| -20.00% | 85.7B | |
| +63.42% | 81.88B | |
| -.--% | 51.55B | |
| -0.90% | 48.58B | |
| -4.56% | 45.12B | |
| +1.14% | 41.62B | |
| +2.14% | 34.6B | |
| +10.91% | 33.81B | |
| -21.83% | 25.56B |
- Stock Market
- Equities
- IRE Stock
- Financials Iren SpA
