IREN SPA |
Real-time
Other stock markets
|
5-day change | 1st Jan Change | ||
| 1.866 EUR | -2.91% |
|
-3.61% | -5.37% |
| 12:08pm | Mib drops around 34,200; Amplifon resists declines | AN |
| 09:48am | Indexes bullish; Amplifon and Iveco top the Mib. | AN |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 3,593 | 2,733 | 3,405 | 1,884 | 2,532 | 2,466 | - | - |
| Enterprise Value (EV) 1 | 6,299 | 5,681 | 6,311 | 5,231 | 6,463 | 6,572 | 6,794 | 6,984 |
| P/E ratio | 15.3 x | 11.8 x | 11.1 x | 8.16 x | 9.87 x | 9.46 x | 8.8 x | 8.54 x |
| Yield | 3.35% | 4.47% | 3.96% | - | 6.02% | 6.71% | 7.02% | 7.41% |
| Capitalization / Revenue | 0.84 x | 0.73 x | 0.69 x | 0.24 x | 0.39 x | 0.4 x | 0.41 x | 0.41 x |
| EV / Revenue | 1.47 x | 1.52 x | 1.27 x | 0.67 x | 1 x | 1.06 x | 1.14 x | 1.17 x |
| EV / EBITDA | 6.87 x | 6.13 x | 6.32 x | 4.96 x | 5.4 x | 5.32 x | 5.24 x | 5.11 x |
| EV / FCF | 31.4 x | 41.7 x | 32.8 x | 28.2 x | -34.7 x | 592 x | -193 x | 83 x |
| FCF Yield | 3.19% | 2.4% | 3.05% | 3.55% | -2.88% | 0.17% | -0.52% | 1.2% |
| Price to Book | 1.57 x | 1.14 x | 1.32 x | 0.69 x | 0.78 x | 0.82 x | 0.84 x | 0.8 x |
| Nbr of stocks (in thousands) | 1,300,931 | 1,285,293 | 1,283,076 | 1,283,076 | 1,283,076 | 1,283,076 | - | - |
| Reference price 2 | 2.762 | 2.126 | 2.654 | 1.468 | 1.973 | 1.922 | 1.922 | 1.922 |
| Announcement Date | 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 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 4,275 | 3,725 | 4,956 | 7,863 | 6,490 | 6,217 | 5,983 | 5,974 |
| EBITDA 1 | 917.3 | 927.4 | 998 | 1,055 | 1,197 | 1,235 | 1,298 | 1,366 |
| EBIT 1 | 452.1 | 415.8 | 454 | 464 | 464.6 | 519.2 | 548.6 | 573.1 |
| Operating Margin | 10.58% | 11.16% | 9.16% | 5.9% | 7.16% | 8.35% | 9.17% | 9.59% |
| Earnings before Tax (EBT) 1 | 377.3 | 365.2 | 423.8 | 398.8 | 379.1 | 413 | 442.4 | 457.5 |
| Net income 1 | 236.6 | 235.3 | 303.1 | 226 | 254.8 | 265.9 | 282.4 | 292.1 |
| Net margin | 5.53% | 6.32% | 6.12% | 2.87% | 3.93% | 4.28% | 4.72% | 4.89% |
| EPS 2 | 0.1800 | 0.1800 | 0.2400 | 0.1800 | 0.2000 | 0.2031 | 0.2185 | 0.2249 |
| Free Cash Flow 1 | 200.7 | 136.4 | 192.7 | 185.5 | -186.3 | 11.1 | -35.2 | 84.1 |
| FCF margin | 4.69% | 3.66% | 3.89% | 2.36% | -2.87% | 0.18% | -0.59% | 1.41% |
| FCF Conversion (EBITDA) | 21.88% | 14.7% | 19.31% | 17.59% | - | 0.9% | - | 6.16% |
| FCF Conversion (Net income) | 84.82% | 57.95% | 63.58% | 82.07% | - | 4.17% | - | 28.8% |
| Dividend per Share 2 | 0.0925 | 0.0950 | 0.1050 | - | 0.1188 | 0.1290 | 0.1350 | 0.1423 |
| Announcement Date | 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 | 2020 S1 | 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 | 2024 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,826 | 2,005 | 1,099 | 1,852 | 2,186 | 1,526 | 3,712 | 1,932 | - | 2,020 | 1,194 | 3,214 | - | - | 1,568 |
| EBITDA | 473.3 | 517.5 | 215.1 | 265.4 | 363 | 199.7 | 562.7 | 196.6 | 295 | 368 | 238.5 | 606.5 | 250.8 | 339.6 | 383.2 |
| EBIT 1 | 232 | 251.1 | 85.26 | 117.6 | 226 | 56.9 | 282.9 | 41.4 | 139.7 | 210 | 38.28 | 248.3 | 76.38 | 140 | 213.3 |
| Operating Margin | 12.7% | 12.52% | 7.76% | 6.35% | 10.34% | 3.73% | 7.62% | 2.14% | - | 10.4% | 3.21% | 7.72% | - | - | 13.61% |
| Earnings before Tax (EBT) | 206.6 | 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 | 132.7 | 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 | 7.27% | 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 | 8/4/20 | 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 | 5/30/24 |
1EUR in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 2,706 | 2,948 | 2,906 | 3,347 | 3,932 | 4,106 | 4,328 | 4,518 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 2.95 x | 3.179 x | 2.912 x | 3.174 x | 3.285 x | 3.323 x | 3.335 x | 3.308 x |
| Free Cash Flow 1 | 201 | 136 | 193 | 185 | -186 | 11.1 | -35.2 | 84.1 |
| ROE (net income / shareholders' equity) | 9.08% | 10.1% | 10.6% | 8.5% | 7.92% | 9.94% | 10.4% | 10.1% |
| ROA (Net income/ Total Assets) | - | - | - | - | - | - | - | - |
| Assets 1 | - | - | - | - | - | - | - | - |
| Book Value Per Share 2 | 1.760 | 1.860 | 2.000 | 2.140 | 2.540 | 2.330 | 2.300 | 2.400 |
| Cash Flow per Share 2 | 0.5600 | 0.6400 | 0.7400 | 0.8400 | 0.5300 | 0.7800 | - | - |
| Capex 1 | 524 | 685 | 758 | 898 | 867 | 979 | 1,044 | 1,002 |
| Capex / Sales | 12.26% | 18.39% | 15.29% | 11.41% | 13.35% | 15.74% | 17.44% | 16.78% |
| Announcement Date | 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
1.922
EUR
Average target price
2.238
EUR
Spread / Average Target
+16.42%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| -5.37% | 2.65B | |
| +42.70% | 73.48B | |
| -.--% | 51.55B | |
| -0.01% | 47.51B | |
| -18.43% | 41.31B | |
| -11.86% | 37.77B | |
| +19.08% | 36.58B | |
| +0.82% | 34.55B | |
| -19.06% | 26.86B | |
| +3.54% | 23.38B |
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