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 3,287 - -
Change - -44.69% 34.4% -2.74% 33.19% 0.23% - -
Enterprise Value (EV) 1 6,311 5,231 6,463 6,545 7,502 7,612 7,740 7,859
Change - -17.12% 23.57% 1.26% 14.62% 1.47% 1.68% 1.54%
P/E 11.1x 8.16x 9.87x 9.6x 11.1x 10.7x 10.4x 9.65x
PBR 1.32x 0.69x 0.78x 0.75x 0.9x 0.97x 0.93x 0.9x
PEG - -0.3x 0.9x - 0.7x 2.92x 3.07x 1.25x
Capitalization / Revenue 0.69x 0.24x 0.39x 0.41x 0.5x 0.47x 0.47x 0.47x
EV / Revenue 1.27x 0.67x 1x 1.08x 1.14x 1.1x 1.11x 1.12x
EV / EBITDA 6.32x 4.96x 5.4x 5.14x 5.54x 5.42x 5.28x 5.2x
EV / EBIT 13.9x 11.3x 13.9x 12.6x 14.2x 13.3x 12.7x 12.3x
EV / FCF 32.8x 28.2x -34.7x 25.9x 49.2x 68.6x 78.2x 327x
FCF Yield 3.05% 3.55% -2.88% 3.86% 2.03% 1.46% 1.28% 0.31%
Dividend per Share 2 0.105 - 0.1188 0.1283 0.1386 0.1497 0.1617 0.1696
Rate of return 3.96% - 6.02% 6.69% 5.42% 5.84% 6.31% 6.62%
EPS 2 0.24 0.18 0.2 0.2 0.23 0.2384 0.2465 0.2655
Distribution rate 43.8% - 59.4% 64.2% 60.3% 62.8% 65.6% 63.9%
Net sales 1 4,956 7,863 6,490 6,043 6,574 6,930 6,983 7,028
EBITDA 1 998 1,055 1,197 1,274 1,353 1,405 1,465 1,513
EBIT 1 454 464 464.6 519.7 530 571 609.4 638.3
Net income 1 303.1 226 254.8 268.5 300.5 309.9 321.5 345.2
Net Debt 1 2,906 3,347 3,932 4,083 4,222 4,325 4,453 4,572
Reference price 2 2.654 1.468 1.973 1.919 2.556 2.562 2.562 2.562
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.($)
10.75x1.1x5.42x5.84% 3.74B
36.93x6.31x17.03x1.66% 81.12B
13.66x5.68x12.25x4.05% 80.94B
14.3x1.57x8.03x5.15% 74.69B
18.14x6.96x14.55x2.88% 59.65B
17.33x1.19x9.9x3.09% 56.81B
22.73x2.58x9.56x2.29% 46B
18.29x5.18x13.26x3.37% 39.47B
58.34x20.97x34.45x0.3% 39.21B
16.07x4.92x9.58x4.57% 36.62B
Average 22.65x 5.65x 13.40x 3.32% 51.83B
Weighted average by Cap. 23.00x 5.60x 13.68x 3.15%

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