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 1 887.4 590 586.8 481.9 491.9 671.3 - -
Change - -33.52% -0.54% -17.87% 2.08% 36.46% - -
Enterprise Value (EV) 1 1,500 1,235 1,146 1,031 1,024 1,205 1,229 1,250
Change - -17.69% -7.17% -10.09% -0.64% 17.66% 2.01% 1.71%
P/E 13.1x -50.6x -5.06x -70x 9.87x 22.1x 8.21x 8.95x
PBR 1.01x 0.7x 0.84x 0.72x 0.71x 0.89x 0.83x 0.78x
PEG - 0x -0x 0.7x -0x -0.6x 0x -1.07x
Capitalization / Revenue 11.1x 6.95x 6.68x 5.65x 5.76x 8.67x 7.82x 7.4x
EV / Revenue 18.8x 14.6x 13x 12.1x 12x 15.6x 14.3x 13.8x
EV / EBITDA 29x 22.8x 20.5x 19.4x 18.8x 17x 16.8x 16.6x
EV / EBIT 18.4x 250x -13.1x 61.8x 13.8x 10.8x 10.2x 10.8x
EV / FCF 45.9x 37.2x 23.2x 24.8x 22.4x 36.9x 28.5x 26.4x
FCF Yield 2.18% 2.69% 4.31% 4.03% 4.47% 2.71% 3.51% 3.79%
Dividend per Share 2 0.0599 0.0511 0.0445 0.0408 0.0489 0.0513 0.0573 0.059
Rate of return 3.57% 4.59% 4.02% 4.48% 5.21% 4.01% 4.48% 4.61%
EPS 2 0.128 -0.022 -0.219 -0.013 0.095 0.058 0.156 0.143
Distribution rate 46.8% -232% -20.3% -314% 51.5% 88.5% 36.8% 41.3%
Net sales 1 79.74 84.86 87.85 85.27 85.46 77.45 85.87 90.7
EBITDA 1 51.72 54.21 56.01 53.22 54.56 70.73 73.2 75.43
EBIT 1 81.43 4.939 -87.8 16.69 74.03 111.8 120.7 115.8
Net income 1 67.55 -11.82 -116 -6.676 49.75 56.35 80.6 75
Net Debt 1 613.1 645 559.6 548.8 532.2 533.7 558 579
Reference price 2 1.676 1.114 1.108 0.910 0.938 1.280 1.280 1.280
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.($)
38.12x12.57x22.4x - 46.26B
47.84x12.17x18.69x3.86% 17.27B
26.28x7.95x15.38x4.62% 15.38B
30.86x8.58x15.22x5.32% 13.37B
-18.02x8.46x18.26x4.04% 13.49B
28x9.27x18.94x3.7% 11.3B
31.03x8.4x15.74x4.35% 10.89B
31.89x9.73x15.81x5.23% 10.69B
69.88x8.7x15.62x4.42% 9.84B
Average 31.76x 9.54x 17.34x 4.44% 16.5B
Weighted average by Cap. 32.64x 10.29x 18.54x 4.42%

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