IREN SPA (IRE.MI) Stock Fundamental Analysis

Europe • Euronext Milan • BIT:IRE • IT0003027817

2.758 EUR
-0.01 (-0.43%)
Last: Feb 5, 2026, 07:00 PM
Fundamental Rating

5

We assign a fundamental rating of 5 out of 10 to IRE. IRE was compared to 17 industry peers in the Multi-Utilities industry. IRE has a medium profitability rating, but doesn't score so well on its financial health evaluation. IRE scores decently on growth, while it is valued quite cheap. This could make an interesting combination. IRE also has an excellent dividend rating.


Dividend Valuation Growth Profitability Health

5

1. Profitability

1.1 Basic Checks

  • In the past year IRE was profitable.
  • In the past year IRE had a positive cash flow from operations.
  • In the past 5 years IRE has always been profitable.
  • IRE had a positive operating cash flow in each of the past 5 years.
IRE.MI Yearly Net Income VS EBIT VS OCF VS FCFIRE.MI Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 200M 400M 600M 800M 1B

1.2 Ratios

  • With a decent Return On Assets value of 3.96%, IRE is doing good in the industry, outperforming 76.47% of the companies in the same industry.
  • Looking at the Return On Equity, with a value of 14.70%, IRE is in line with its industry, outperforming 52.94% of the companies in the same industry.
  • IRE's Return On Invested Capital of 6.54% is fine compared to the rest of the industry. IRE outperforms 76.47% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for IRE is in line with the industry average of 5.95%.
  • The last Return On Invested Capital (6.54%) for IRE is above the 3 year average (4.03%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 3.96%
ROE 14.7%
ROIC 6.54%
ROA(3y)2.1%
ROA(5y)2.36%
ROE(3y)8.88%
ROE(5y)9.69%
ROIC(3y)4.03%
ROIC(5y)4.1%
IRE.MI Yearly ROA, ROE, ROICIRE.MI Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2 4 6 8 10

1.3 Margins

  • The Profit Margin of IRE (4.85%) is worse than 64.71% of its industry peers.
  • In the last couple of years the Profit Margin of IRE has declined.
  • The Operating Margin of IRE (8.86%) is worse than 64.71% of its industry peers.
  • In the last couple of years the Operating Margin of IRE has declined.
  • Looking at the Gross Margin, with a value of 59.21%, IRE is in the better half of the industry, outperforming 70.59% of the companies in the same industry.
  • IRE's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 8.86%
PM (TTM) 4.85%
GM 59.21%
OM growth 3Y-3.32%
OM growth 5Y-4.67%
PM growth 3Y-10.2%
PM growth 5Y-4.72%
GM growth 3Y2.02%
GM growth 5Y-0.89%
IRE.MI Yearly Profit, Operating, Gross MarginsIRE.MI Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 20 40 60

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ROAROEROICOperating and Profit MarginShow most profitable peers

3

2. Health

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), IRE is creating some value.
  • The number of shares outstanding for IRE remains at a similar level compared to 1 year ago.
  • IRE has less shares outstanding than it did 5 years ago.
  • The debt/assets ratio for IRE is higher compared to a year ago.
IRE.MI Yearly Shares OutstandingIRE.MI Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M 1B
IRE.MI Yearly Total Debt VS Total AssetsIRE.MI Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B 8B 10B

2.2 Solvency

  • Based on the Altman-Z score of 1.48, we must say that IRE is in the distress zone and has some risk of bankruptcy.
  • The Altman-Z score of IRE (1.48) is better than 82.35% of its industry peers.
  • IRE has a debt to FCF ratio of 20.33. This is a negative value and a sign of low solvency as IRE would need 20.33 years to pay back of all of its debts.
  • IRE's Debt to FCF ratio of 20.33 is amongst the best of the industry. IRE outperforms 82.35% of its industry peers.
  • A Debt/Equity ratio of 1.47 is on the high side and indicates that IRE has dependencies on debt financing.
  • IRE has a Debt to Equity ratio (1.47) which is in line with its industry peers.
Industry RankSector Rank
Debt/Equity 1.47
Debt/FCF 20.33
Altman-Z 1.48
ROIC/WACC1.43
WACC4.58%
IRE.MI Yearly LT Debt VS Equity VS FCFIRE.MI Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 1B 2B 3B 4B

2.3 Liquidity

  • A Current Ratio of 0.87 indicates that IRE may have some problems paying its short term obligations.
  • With a Current ratio value of 0.87, IRE is not doing good in the industry: 70.59% of the companies in the same industry are doing better.
  • IRE has a Quick Ratio of 0.87. This is a bad value and indicates that IRE is not financially healthy enough and could expect problems in meeting its short term obligations.
  • Looking at the Quick ratio, with a value of 0.85, IRE is in line with its industry, outperforming 47.06% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 0.87
Quick Ratio 0.85
IRE.MI Yearly Current Assets VS Current LiabilitesIRE.MI Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 1B 2B 3B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

4

3. Growth

3.1 Past

  • The Earnings Per Share has grown by an nice 18.57% over the past year.
  • The Earnings Per Share has been growing slightly by 2.80% on average over the past years.
  • The Revenue has grown by 15.47% in the past year. This is quite good.
  • IRE shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 7.66% yearly.
EPS 1Y (TTM)18.57%
EPS 3Y-3.11%
EPS 5Y2.8%
EPS Q2Q%26.41%
Revenue 1Y (TTM)15.47%
Revenue growth 3Y6.94%
Revenue growth 5Y7.66%
Sales Q2Q%27.29%

3.2 Future

  • IRE is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 7.21% yearly.
  • Based on estimates for the next years, IRE will show a small growth in Revenue. The Revenue will grow by 2.45% on average per year.
EPS Next Y10.92%
EPS Next 2Y6.74%
EPS Next 3Y5.97%
EPS Next 5Y7.21%
Revenue Next Year12.86%
Revenue Next 2Y6.13%
Revenue Next 3Y4.71%
Revenue Next 5Y2.45%

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
IRE.MI Yearly Revenue VS EstimatesIRE.MI Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2B 4B 6B
IRE.MI Yearly EPS VS EstimatesIRE.MI Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 0.05 0.1 0.15 0.2 0.25

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Find the best growth stocksShow best growing peers

8

4. Valuation

4.1 Price/Earnings Ratio

  • IRE is valuated cheaply with a Price/Earnings ratio of 7.26.
  • 94.12% of the companies in the same industry are more expensive than IRE, based on the Price/Earnings ratio.
  • IRE is valuated cheaply when we compare the Price/Earnings ratio to 27.67, which is the current average of the S&P500 Index.
  • A Price/Forward Earnings ratio of 11.53 indicates a reasonable valuation of IRE.
  • Based on the Price/Forward Earnings ratio, IRE is valued cheaply inside the industry as 100.00% of the companies are valued more expensively.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 27.20, IRE is valued rather cheaply.
Industry RankSector Rank
PE 7.26
Fwd PE 11.53
IRE.MI Price Earnings VS Forward Price EarningsIRE.MI Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • IRE's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. IRE is cheaper than 94.12% of the companies in the same industry.
  • Based on the Price/Free Cash Flow ratio, IRE is valued cheaply inside the industry as 82.35% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 14.62
EV/EBITDA 5.01
IRE.MI Per share dataIRE.MI EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 2 4 6

4.3 Compensation for Growth

  • The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
PEG (NY)0.66
PEG (5Y)2.59
EPS Next 2Y6.74%
EPS Next 3Y5.97%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

7

5. Dividend

5.1 Amount

  • IRE has a Yearly Dividend Yield of 4.79%, which is a nice return.
  • Compared to an average industry Dividend Yield of 4.26, IRE pays a better dividend. On top of this IRE pays more dividend than 82.35% of the companies listed in the same industry.
  • IRE's Dividend Yield is rather good when compared to the S&P500 average which is at 1.82.
Industry RankSector Rank
Dividend Yield 4.79%

5.2 History

  • The dividend of IRE is nicely growing with an annual growth rate of 15.97%!
Dividend Growth(5Y)15.97%
Div Incr Years0
Div Non Decr Years0

5.3 Sustainability

  • 67.26% of the earnings are spent on dividend by IRE. This is not a sustainable payout ratio.
  • The dividend of IRE is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP67.26%
EPS Next 2Y6.74%
EPS Next 3Y5.97%
IRE.MI Yearly Income VS Free CF VS DividendIRE.MI Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 100M -100M 200M 300M
IRE.MI Dividend Payout.IRE.MI Dividend Payout, showing the Payout Ratio.IRE.MI Dividend Payout.PayoutRetained Earnings

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IREN SPA

BIT:IRE (2/5/2026, 7:00:00 PM)

2.758

-0.01 (-0.43%)

Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryMulti-Utilities
Earnings (Last)11-13
Earnings (Next)03-23
Inst Owners13.73%
Inst Owner ChangeN/A
Ins Owners3.85%
Ins Owner ChangeN/A
Market Cap3.59B
Revenue(TTM)10.11B
Net Income(TTM)489.85M
Analysts78
Price Target2.98 (8.05%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 4.79%
Yearly Dividend0.15
Dividend Growth(5Y)15.97%
DP67.26%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0%
PT rev (3m)2.1%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0.04%
EPS NY rev (3m)-3.07%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.59%
Valuation
Industry RankSector Rank
PE 7.26
Fwd PE 11.53
P/S 0.35
P/FCF 14.62
P/OCF 3.19
P/B 1.08
P/tB N/A
EV/EBITDA 5.01
EPS(TTM)0.38
EY13.78%
EPS(NY)0.24
Fwd EY8.67%
FCF(TTM)0.19
FCFY6.84%
OCF(TTM)0.86
OCFY31.31%
SpS7.77
BVpS2.56
TBVpS-0.5
PEG (NY)0.66
PEG (5Y)2.59
Graham Number4.68
Profitability
Industry RankSector Rank
ROA 3.96%
ROE 14.7%
ROCE 9.53%
ROIC 6.54%
ROICexc 6.67%
ROICexgc 11.33%
OM 8.86%
PM (TTM) 4.85%
GM 59.21%
FCFM 2.43%
ROA(3y)2.1%
ROA(5y)2.36%
ROE(3y)8.88%
ROE(5y)9.69%
ROIC(3y)4.03%
ROIC(5y)4.1%
ROICexc(3y)4.46%
ROICexc(5y)4.62%
ROICexgc(3y)7.57%
ROICexgc(5y)7.78%
ROCE(3y)5.79%
ROCE(5y)5.81%
ROICexgc growth 3Y-9.11%
ROICexgc growth 5Y-2.08%
ROICexc growth 3Y-7.83%
ROICexc growth 5Y-3.46%
OM growth 3Y-3.32%
OM growth 5Y-4.67%
PM growth 3Y-10.2%
PM growth 5Y-4.72%
GM growth 3Y2.02%
GM growth 5Y-0.89%
F-Score6
Asset Turnover0.82
Health
Industry RankSector Rank
Debt/Equity 1.47
Debt/FCF 20.33
Debt/EBITDA 3.1
Cap/Depr 128.05%
Cap/Sales 8.68%
Interest Coverage 7.53
Cash Conversion 71.05%
Profit Quality 50.11%
Current Ratio 0.87
Quick Ratio 0.85
Altman-Z 1.48
F-Score6
WACC4.58%
ROIC/WACC1.43
Cap/Depr(3y)147.56%
Cap/Depr(5y)N/A
Cap/Sales(3y)13.17%
Cap/Sales(5y)14.92%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)18.57%
EPS 3Y-3.11%
EPS 5Y2.8%
EPS Q2Q%26.41%
EPS Next Y10.92%
EPS Next 2Y6.74%
EPS Next 3Y5.97%
EPS Next 5Y7.21%
Revenue 1Y (TTM)15.47%
Revenue growth 3Y6.94%
Revenue growth 5Y7.66%
Sales Q2Q%27.29%
Revenue Next Year12.86%
Revenue Next 2Y6.13%
Revenue Next 3Y4.71%
Revenue Next 5Y2.45%
EBIT growth 1Y11.98%
EBIT growth 3Y3.4%
EBIT growth 5Y2.64%
EBIT Next Year156.87%
EBIT Next 3Y40.4%
EBIT Next 5Y23.79%
FCF growth 1Y361.86%
FCF growth 3Y9.49%
FCF growth 5Y4.74%
OCF growth 1Y36.7%
OCF growth 3Y4.45%
OCF growth 5Y8.37%

IREN SPA / IRE.MI FAQ

Can you provide the ChartMill fundamental rating for IREN SPA?

ChartMill assigns a fundamental rating of 5 / 10 to IRE.MI.


Can you provide the valuation status for IREN SPA?

ChartMill assigns a valuation rating of 8 / 10 to IREN SPA (IRE.MI). This can be considered as Undervalued.


What is the profitability of IRE stock?

IREN SPA (IRE.MI) has a profitability rating of 5 / 10.


What is the expected EPS growth for IREN SPA (IRE.MI) stock?

The Earnings per Share (EPS) of IREN SPA (IRE.MI) is expected to grow by 10.92% in the next year.


Can you provide the dividend sustainability for IRE stock?

The dividend rating of IREN SPA (IRE.MI) is 7 / 10 and the dividend payout ratio is 67.26%.