Company Valuation: Iren SpA

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 3,405 1,884 2,532 2,462 3,280 3,182 - -
Change - -44.69% 34.4% -2.74% 33.19% -2.97% - -
Enterprise Value (EV) 1 6,311 5,231 6,463 6,545 7,502 7,509 7,638 7,758
Change - -17.12% 23.57% 1.26% 14.62% 0.1% 1.72% 1.56%
P/E 11.1x 8.16x 9.87x 9.6x 11.1x 10.5x 10x 9.31x
PBR 1.32x 0.69x 0.78x 0.75x 0.9x 0.93x 0.9x 0.86x
PEG - -0.3x 0.9x - 0.7x 3.73x 2.13x 1.23x
Capitalization / Revenue 0.69x 0.24x 0.39x 0.41x 0.5x 0.46x 0.46x 0.45x
EV / Revenue 1.27x 0.67x 1x 1.08x 1.14x 1.08x 1.09x 1.1x
EV / EBITDA 6.32x 4.96x 5.4x 5.14x 5.54x 5.38x 5.22x 5.12x
EV / EBIT 13.9x 11.3x 13.9x 12.6x 14.2x 13.4x 12.6x 12.1x
EV / FCF 32.8x 28.2x -34.7x 25.9x 49.2x 66.5x 52.8x 61.4x
FCF Yield 3.05% 3.55% -2.88% 3.86% 2.03% 1.5% 1.89% 1.63%
Dividend per Share 2 0.105 - 0.1188 0.1283 0.1386 0.1497 0.1617 0.1697
Rate of return 3.96% - 6.02% 6.69% 5.42% 6.04% 6.52% 6.84%
EPS 2 0.24 0.18 0.2 0.2 0.23 0.2365 0.2476 0.2664
Distribution rate 43.8% - 59.4% 64.2% 60.3% 63.3% 65.3% 63.7%
Net sales 1 4,956 7,863 6,490 6,043 6,574 6,927 6,977 7,029
EBITDA 1 998 1,055 1,197 1,274 1,353 1,395 1,463 1,514
EBIT 1 454 464 464.6 519.7 530 562 607.8 640.2
Net income 1 303.1 226 254.8 268.5 300.5 308.3 320.1 345.6
Net Debt 1 2,906 3,347 3,932 4,083 4,222 4,327 4,456 4,576
Reference price 2 2.654 1.468 1.973 1.919 2.556 2.480 2.480 2.480
Nbr of stocks (in thousands) 1,283,076 1,283,076 1,283,076 1,283,076 1,283,076 1,283,076 - -
Announcement Date 3/29/22 3/23/23 3/28/24 4/3/25 3/23/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
12.74x5.55x11.79x4.37% 76.6B
12.79x1.44x7.53x5.86% 67.97B
16.89x6.45x14.58x3.1% 55.59B
16.06x1.12x9.35x3.35% 53.5B
20.02x2.71x9.37x2.18% 49.76B
65.97x20.81x37.07x0.23% 39.2B
16.56x4.95x9.58x4.54% 37.02B
17.24x4.82x12.64x3.67% 36.19B
19.68x5.63x12.81x2.83% 29.41B
Average 22.00x 5.94x 13.86x 3.35% 49.47B
Weighted average by Cap. 20.31x 5.43x 13.10x 3.56%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield

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