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 1 887.4 590 586.8 481.9 491.9 610.5 - -
Change - -33.52% -0.54% -17.87% 2.08% 24.09% - -
Enterprise Value (EV) 1 1,500 1,235 1,146 1,031 1,024 1,146 1,152 1,150
Change - -17.69% -7.17% -10.09% -0.64% 11.85% 0.55% -0.15%
P/E 13.1x -50.6x -5.06x -70x 9.87x 20.3x 18.8x 17.4x
PBR 1.01x 0.7x 0.84x 0.72x 0.71x 0.83x 0.77x 0.72x
PEG - 0x -0x 0.7x -0x -0.5x 2.39x 2.07x
Capitalization / Revenue 11.1x 6.95x 6.68x 5.65x 5.76x 7.92x 7.53x 7.21x
EV / Revenue 18.8x 14.6x 13x 12.1x 12x 14.9x 14.2x 13.6x
EV / EBITDA 29x 22.8x 20.5x 19.4x 18.8x 16.2x 14.7x 14.6x
EV / EBIT 18.4x 250x -13.1x 61.8x 13.8x 11.9x 10.8x 10.4x
EV / FCF 45.9x 37.2x 23.2x 24.8x 22.4x 42.3x 25.5x 30.5x
FCF Yield 2.18% 2.69% 4.31% 4.03% 4.47% 2.37% 3.92% 3.28%
Dividend per Share 2 0.0599 0.0511 0.0445 0.0408 0.0489 0.0519 0.0565 0.0589
Rate of return 3.57% 4.59% 4.02% 4.48% 5.21% 4.46% 4.86% 5.06%
EPS 2 0.128 -0.022 -0.219 -0.013 0.095 0.0573 0.0618 0.067
Distribution rate 46.8% -232% -20.3% -314% 51.5% 90.6% 91.5% 88%
Net sales 1 79.74 84.86 87.85 85.27 85.46 77.1 81.1 84.65
EBITDA 1 51.72 54.21 56.01 53.22 54.56 70.65 78.4 78.8
EBIT 1 81.43 4.939 -87.8 16.69 74.03 96.05 106.8 110.6
Net income 1 67.55 -11.82 -116 -6.676 49.75 48.65 55 74.2
Net Debt 1 613.1 645 559.6 548.8 532.2 535 541.3 539.6
Reference price 2 1.676 1.114 1.108 0.910 0.938 1.164 1.164 1.164
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 (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
20.31x14.86x16.21x4.46% 695M
33.85x11.64x19.07x3.75% 26.98B
50.11x10.73x17.99x4.1% 25.72B
48.69x13.26x19.92x3.54% 18.97B
39.61x9.22x17.11x3.97% 18.03B
41.28x9.87x17.64x4.39% 16.29B
54.2x8.01x18.35x3.69% 14.88B
47.36x11.08x17.82x4.28% 13.2B
32.2x10.08x20.76x3.31% 12.61B
44.81x9.15x17.22x3.89% 12.16B
Average 41.24x 10.79x 18.21x 3.94% 15.95B
Weighted average by Cap. 43.31x 10.55x 18.44x 3.89%

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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