Company Valuation: IRIS Corporation

Data adjusted to current consolidation scope
Fiscal Period: March 2020 2021 2022 2023 2024 2025
Market Cap 1 237.3 1,028 603.6 310 261 277.3
Change - 333.36% -41.3% -48.65% -15.79% 6.25%
Enterprise Value (EV) 1 202.1 966.5 502 217 100.4 110.6
Change - 378.29% -48.07% -56.77% -53.74% 10.2%
P/E 17.3x -89.2x 172x 14.2x 8.1x 11.7x
PBR 0.83x 3.24x 1.86x 0.89x 0.69x 0.72x
PEG - 0x -1x 0x 0.2x -0.4x
Capitalization / Revenue 1.03x 9.65x 2.86x 0.89x 0.7x 1.25x
EV / Revenue 0.88x 9.07x 2.38x 0.62x 0.27x 0.5x
EV / EBITDA 5.86x 763x 57.3x 5.71x 1.87x 3.14x
EV / EBIT 8.17x -194x 198x 6.81x 2.03x 3.5x
EV / FCF -5.52x -86.1x -18.7x -6.79x 1.83x 19x
FCF Yield -18.1% -1.16% -5.35% -14.7% 54.6% 5.28%
Dividend per Share 2 - - - - - 0.025
Rate of return - - - - - 7.35%
EPS 2 0.0185 -0.0148 0.004306 0.0268 0.0395 0.0291
Distribution rate - - - - - 85.9%
Net sales 1 229.6 106.6 211 348.9 371.1 221
EBITDA 1 34.49 1.267 8.761 38 53.8 35.23
EBIT 1 24.74 -4.976 2.534 31.88 49.34 31.61
Net income 1 13.71 -11.02 3.412 21.9 32.25 23.75
Net Debt 1 -35.22 -61.84 -101.7 -92.97 -160.6 -166.7
Reference price 2 0.3200 1.3200 0.7400 0.3800 0.3200 0.3400
Nbr of stocks (in thousands) 741,571 779,071 815,728 815,728 815,728 815,728
Announcement Date 8/7/20 8/24/21 7/29/22 7/31/23 7/30/24 7/30/25
1MYR in Million2MYR
Estimates

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
- - - - 49.1M
29.68x4.73x16.51x2.2% 288B
-92.02x14.54x84.19x-.--% 91.07B
10.56x1.16x6.08x4.57% 86.98B
13.49x2.45x9.1x6.14% 79.91B
19.36x5.09x12.56x2.94% 58.01B
13.92x2.03x8.51x5.59% 45.7B
19.35x1.55x9.76x1.48% 36.35B
20.15x1.48x9.46x0.98% 35.62B
15.91x2.04x9.47x5.43% 33.3B
Average 5.60x 3.90x 18.41x 3.26% 75.47B
Weighted average by Cap. 7.77x 4.70x 20.93x 2.94%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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