Company Valuation: IRC Limited

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 128.1 205.7 145.3 116.7 141.5 77.99
Change - 60.62% -29.36% -19.7% 21.25% -44.88%
Enterprise Value (EV) 1 317 269.9 186.7 127.5 125.7 78.23
Change - -14.87% -30.83% -31.69% -1.43% -37.76%
P/E 1.27x 1.53x -1.43x -0.74x -4.78x -0.59x
PBR 0.33x 0.4x 0.32x 0.4x 0.45x 0.42x
PEG - 0x 0x -0x 0.1x -0x
Capitalization / Revenue 0.57x 0.55x 0.52x 0.46x 0.64x 0.3x
EV / Revenue 1.41x 0.73x 0.67x 0.5x 0.57x 0.3x
EV / EBITDA 4.46x 1.65x 3.98x 3.08x 13.7x 4.71x
EV / EBIT 6.92x 1.92x 6.98x 5.77x -15.2x 169x
EV / FCF 9.91x 3.86x 50.4x -14.2x -15.3x -1.58x
FCF Yield 10.1% 25.9% 1.98% -7.05% -6.54% -63.4%
Dividend per Share 2 - - - - - -
Rate of return - - - - - -
EPS 2 0.1418 0.1889 -0.119 -0.1841 -0.0232 -0.1029
Distribution rate - - - - - -
Net sales 1 224.6 371.3 278.8 253 221.2 258.1
EBITDA 1 71.13 163.9 46.89 41.47 9.18 16.6
EBIT 1 45.79 140.5 26.75 22.11 -8.29 0.463
Net income 1 100.6 134.1 -87.9 -156.8 -20.49 -131.5
Net Debt 1 188.9 64.16 41.35 10.82 -15.8 0.241
Reference price 2 0.1806 0.2898 0.1706 0.1370 0.1107 0.0610
Nbr of stocks (in thousands) 709,339 709,971 851,966 851,966 1,277,949 1,277,949
Announcement Date 4/29/21 4/28/22 4/27/23 4/26/24 4/25/25 4/28/26
1USD in Million2USD
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 99.02M
7.47x1.82x4.55x6.94% 60.8B
10.73x2.46x4.77x6.1% 40.56B
9.95x2.29x6.86x4.31% 7.59B
24.74x2.03x6.15x4.38% 5.66B
8.19x1.22x3.08x8.21% 5.37B
13.16x - - - 1.25B
Average 12.37x 1.96x 5.08x 5.99% 17.33B
Weighted average by Cap. 9.61x 2.05x 4.78x 6.42%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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