Financials Iris Energy Limited

Equities

IREN

AU0000185993

Blockchain & Cryptocurrency

Market Closed - Nasdaq 16:00:00 2024-05-24 EDT 5-day change 1st Jan Change
7.83 USD +10.75% Intraday chart for Iris Energy Limited +30.07% +9.51%

Valuation

Fiscal Period: June 2022 2023 2024 2025 2026
Capitalization 1 177.6 256.2 1,099 - -
Enterprise Value (EV) 1 176 188.8 1,078 1,167 1,034
P/E ratio -0.33 x -1.49 x 348 x 9.79 x 9.55 x
Yield - - - - -
Capitalization / Revenue 3.01 x 3.39 x 5.77 x 2.24 x 1.45 x
EV / Revenue 2.98 x 2.5 x 5.66 x 2.38 x 1.36 x
EV / EBITDA 6.71 x 137 x 16.1 x 4.28 x 2.57 x
EV / FCF - - -2.08 x 17.1 x 4.88 x
FCF Yield - - -48.1% 5.85% 20.5%
Price to Book 0.31 x 0.84 x 1.55 x 1.58 x 1.39 x
Nbr of stocks (in thousands) 53,029 54,983 140,366 - -
Reference price 2 3.350 4.660 7.830 7.830 7.830
Announcement Date 9/13/22 9/13/23 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: June 2021 2022 2023 2024 2025 2026
Net sales 1 7.556 59.04 75.51 190.6 491.1 758.2
EBITDA 1 - 26.23 1.379 66.75 272.6 401.8
EBIT 1 - 18.49 -29.48 3.668 217.7 320.2
Operating Margin - 31.32% -39.04% 1.93% 44.33% 42.23%
Earnings before Tax (EBT) 1 - -417 -169.5 9.592 149.4 159.7
Net income 1 - -419.8 -171.9 4.334 129.9 127.8
Net margin - -711.03% -227.62% 2.27% 26.46% 16.86%
EPS 2 -0.5656 -10.25 -3.138 0.0225 0.8000 0.8200
Free Cash Flow 1 - - - -517.9 68.33 212
FCF margin - - - -271.8% 13.91% 27.96%
FCF Conversion (EBITDA) - - - - 25.06% 52.76%
FCF Conversion (Net income) - - - - 52.59% 165.88%
Dividend per Share 2 - - - - - -
Announcement Date 10/6/21 9/13/22 9/13/23 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: June 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q4 2024 Q2 2024 S1 2024 Q3 2024 Q4 2024 S2 2025 Q1 2025 Q2 2025 S1 2025 Q3 2025 Q4 2025 S2
Net sales 1 20 15.2 13.47 14.98 13.8 - 42.05 76.44 54.35 60.23 108.8 86.31 142 128 182.7 212.4 185.9
EBITDA 1 14.33 7.333 -1.025 -4.88 -8 - 13.91 20.68 21.8 24.24 26.36 41.67 85.62 41.78 116.8 138.8 72.5
EBIT 1 13.08 5.047 -4.519 - -19.5 - 6.35 - 13.11 8.376 - 20.28 61.87 - 89.11 108.2 -
Operating Margin 65.42% 33.2% -33.54% - -141.3% - 15.1% - 24.12% 13.91% - 23.5% 43.56% - 48.77% 50.95% -
Earnings before Tax (EBT) 1 74.84 -5.867 1.474 - -144.4 - -6.293 -10.77 12.11 10.77 -11.07 10.26 49.15 0.414 81.04 100.7 32.46
Net income 1 71.71 -2.678 1.783 - -144 - -5.228 -10.53 8.638 8.267 -11.07 10.01 46.15 0.414 73.14 89.1 32.46
Net margin 358.54% -17.62% 13.23% - -1,043.48% - -12.43% -13.77% 15.89% 13.72% -10.17% 11.6% 32.49% 0.32% 40.02% 41.94% 17.46%
EPS 2 1.434 -0.0472 -0.3300 - -2.715 - -0.0720 -0.1502 0.0770 0.0567 -0.1000 0.0650 0.2650 - 0.4150 0.5050 0.3000
Dividend per Share 2 - - - - - - - - - - - - - - - - -
Announcement Date 2/9/22 5/11/22 9/13/22 2/15/23 2/15/23 9/13/23 2/15/24 2/15/24 5/15/24 - - - - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: June 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - 68.4 -
Net Cash position 1 - 1.68 67.4 21.5 - 65
Leverage (Debt/EBITDA) - - - - 0.251 x -
Free Cash Flow 1 - - - -518 68.3 212
ROE (net income / shareholders' equity) - -216% -13.1% 0.34% 36.8% 47.6%
ROA (Net income/ Total Assets) - - -10.8% 8.6% 23% 20.6%
Assets 1 - - 1,590 50.4 564.9 620.4
Book Value Per Share 2 - 10.70 5.570 5.040 4.960 5.650
Cash Flow per Share 2 - 0.4200 0.1100 0.4400 2.510 3.530
Capex 1 - - - 249 140 20
Capex / Sales - - - 130.67% 28.51% 2.64%
Announcement Date 10/6/21 9/13/22 9/13/23 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
7
Last Close Price
7.83 USD
Average target price
11.71 USD
Spread / Average Target
+49.61%
Consensus
  1. Stock Market
  2. Equities
  3. IREN Stock
  4. Financials Iris Energy Limited