Company Valuation: Irish Residential Properties REIT plc

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 887.4 590 586.8 481.9 491.9 573.7 - -
Change - -33.52% -0.54% -17.87% 2.08% 16.63% - -
Enterprise Value (EV) 1 1,500 1,235 1,146 1,031 1,024 1,140 1,146 1,161
Change - -17.69% -7.17% -10.09% -0.64% 11.29% 0.56% 1.29%
P/E 13.1x -50.6x -5.06x -70x 9.87x 19.2x 7.01x 7.62x
PBR 1.01x 0.7x 0.84x 0.72x 0.71x 0.77x 0.71x 0.65x
PEG - 0x -0x 0.7x -0x -0.5x 0x -0.95x
Capitalization / Revenue 11.1x 6.95x 6.68x 5.65x 5.76x 6.63x 6.77x 6.48x
EV / Revenue 18.8x 14.6x 13x 12.1x 12x 13.2x 13.5x 13.1x
EV / EBITDA 29x 22.8x 20.5x 19.4x 18.8x 21.2x 15.9x 15.8x
EV / EBIT 18.4x 250x -13.1x 61.8x 13.8x 11.2x 9.1x 9.5x
EV / FCF 45.9x 37.2x 23.2x 24.8x 22.4x 33.3x 25.8x 25.2x
FCF Yield 2.18% 2.69% 4.31% 4.03% 4.47% 3% 3.87% 3.97%
Dividend per Share 2 0.0599 0.0511 0.0445 0.0408 0.0489 0.049 0.057 0.0585
Rate of return 3.57% 4.59% 4.02% 4.48% 5.21% 4.48% 5.21% 5.35%
EPS 2 0.128 -0.022 -0.219 -0.013 0.095 0.057 0.156 0.1435
Distribution rate 46.8% -232% -20.3% -314% 51.5% 86% 36.5% 40.8%
Net sales 1 79.74 84.86 87.85 85.27 85.46 86.6 84.73 88.6
EBITDA 1 51.72 54.21 56.01 53.22 54.56 53.7 72.23 73.37
EBIT 1 81.43 4.939 -87.8 16.69 74.03 101.9 126 122.2
Net income 1 67.55 -11.82 -116 -6.676 49.75 30.1 81.2 114
Net Debt 1 613.1 645 559.6 548.8 532.2 566 572.4 587.1
Reference price 2 1.676 1.114 1.108 0.910 0.938 1.094 1.094 1.094
Nbr of stocks (in thousands) 529,454 529,579 529,579 529,579 524,442 524,442 - -
Announcement Date 2/23/22 2/24/23 2/23/24 2/20/25 2/19/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
49.8x10.15x17.16x4.41% 23.87B
49.66x12.69x19.4x3.66% 18.23B
32.42x8.77x16.76x4.04% 17.55B
35.5x9.35x16.6x4.72% 15.1B
-87.01x8.77x19.47x3.71% 14.64B
31.34x10.02x20.51x3.35% 12.52B
35.31x9.05x16.96x3.91% 12.11B
36.91x10.43x16.98x4.69% 11.92B
91.42x9.47x16.98x3.96% 11B
Average 30.59x 9.86x 17.87x 4.05% 15.22B
Weighted average by Cap. 30.61x 9.94x 17.85x 4.07%

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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  5. Valuation Irish Residential Properties REIT plc