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 1 887.4 590 586.8 481.9 491.9 565.3 - -
Change - -33.52% -0.54% -17.87% 2.08% 14.93% - -
Enterprise Value (EV) 1 1,500 1,235 1,146 1,031 1,024 1,131 1,082 1,085
Change - -17.69% -7.17% -10.09% -0.64% 10.47% -4.36% 0.26%
P/E 13.1x -50.6x -5.06x -70x 9.87x 18.9x 6.91x 7.51x
PBR 1.01x 0.7x 0.84x 0.72x 0.71x 0.76x 0.68x 0.62x
PEG - 0x -0x 0.7x -0x -0.5x 0x -0.94x
Capitalization / Revenue 11.1x 6.95x 6.68x 5.65x 5.76x 6.53x 6.67x 6.38x
EV / Revenue 18.8x 14.6x 13x 12.1x 12x 13.1x 12.8x 12.2x
EV / EBITDA 29x 22.8x 20.5x 19.4x 18.8x 21.1x 15x 14.8x
EV / EBIT 18.4x 250x -13.1x 61.8x 13.8x 11.1x 9.17x 9.47x
EV / FCF 45.9x 37.2x 23.2x 24.8x 22.4x 33.1x 24.4x 23.5x
FCF Yield 2.18% 2.69% 4.31% 4.03% 4.47% 3.02% 4.1% 4.25%
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% 4.55% 5.29% 5.43%
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 74.03 101.9 118 114.6
Net income 1 67.55 -11.82 -116 -6.676 49.75 30.1 80.13 94.35
Net Debt 1 613.1 645 559.6 548.8 532.2 566 516.7 519.5
Reference price 2 1.676 1.114 1.108 0.910 0.938 1.078 1.078 1.078
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.($)
50.44x13.58x23.83x - 50.76B
49.14x12.57x19.21x3.69% 18.04B
29.56x8.67x16.59x4.11% 17.26B
-47.1x9.03x19.92x3.63% 15B
34.91x9.29x16.46x4.77% 14.94B
31.08x9.95x20.36x3.38% 12.4B
35.05x8.98x16.84x3.94% 12.03B
36.9x10.43x16.97x4.69% 11.91B
91.25x9.32x16.66x4.01% 10.85B
Average 34.58x 10.20x 18.54x 4.03% 18.13B
Weighted average by Cap. 36.82x 11.01x 19.76x 4.02%

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