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 3,195 - -
Change - -44.69% 34.4% -2.74% 33.19% -2.58% - -
Enterprise Value (EV) 1 6,311 5,231 6,463 6,545 7,502 7,522 7,651 7,771
Change - -17.12% 23.57% 1.26% 14.62% 0.27% 1.72% 1.56%
P/E 11.1x 8.16x 9.87x 9.6x 11.1x 10.5x 10.1x 9.35x
PBR 1.32x 0.69x 0.78x 0.75x 0.9x 0.94x 0.9x 0.87x
PEG - -0.3x 0.9x - 0.7x 3.73x 2.16x 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 1.09x 1.1x 1.11x
EV / EBITDA 6.32x 4.96x 5.4x 5.14x 5.54x 5.39x 5.23x 5.13x
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 66.6x 52.9x 61.5x
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% 6.01% 6.5% 6.81%
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 2.490 2.490 2.490
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 (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
10.62x1.09x5.41x5.96% 3.73B
37.07x6.33x17.08x1.65% 81.43B
13.34x5.61x12.1x4.15% 80.46B
13.5x1.5x7.82x5.47% 72.42B
17.17x6.56x13.9x3.05% 56.5B
15.84x1.08x9.02x3.38% 52.82B
21.21x3.02x9.16x2.23% 48.46B
62.82x20.26x34.36x0.36% 38.37B
17.94x4.93x12.96x3.51% 37.9B
16.13x4.95x9.61x4.81% 36.75B
Average 22.56x 5.53x 13.14x 3.46% 50.88B
Weighted average by Cap. 22.85x 5.50x 13.40x 3.28%

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