IREN SPA (IRE.MI) Fundamental Analysis & Valuation

BIT:IRE • IT0003027817

2.532 EUR
-0.04 (-1.48%)
Last: Mar 12, 2026, 11:13 AM
Overview Stock Chart Technical Analysis Fundamental Analysis Forecast Earnings Financials Ownership

This IRE.MI fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

Fundamental Rating

5

IRE gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 20 industry peers in the Multi-Utilities industry. IRE has a medium profitability rating, but doesn't score so well on its financial health evaluation. A decent growth rate in combination with a cheap valuation! Better keep an eye on IRE. Finally IRE also has an excellent dividend rating.


Dividend Valuation Growth Profitability Health

5

1. IRE.MI Profitability Analysis

1.1 Basic Checks

  • IRE had positive earnings in the past year.
  • In the past year IRE had a positive cash flow from operations.
  • IRE had positive earnings in each of the past 5 years.
  • Each year in the past 5 years IRE had a positive operating cash flow.
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 80.00% of the companies in the same industry.
  • With a decent Return On Equity value of 14.70%, IRE is doing good in the industry, outperforming 80.00% of the companies in the same industry.
  • With a decent Return On Invested Capital value of 6.54%, IRE is doing good in the industry, outperforming 80.00% of the companies in the same industry.
  • The Average Return On Invested Capital over the past 3 years for IRE is in line with the industry average of 5.25%.
  • The 3 year average ROIC (4.03%) for IRE is below the current ROIC(6.54%), indicating increased profibility in the last year.
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 65.00% of its industry peers.
  • In the last couple of years the Profit Margin of IRE has declined.
  • IRE has a Operating Margin of 8.86%. This is in the lower half of the industry: IRE underperforms 65.00% of its industry peers.
  • In the last couple of years the Operating Margin of IRE has declined.
  • IRE's Gross Margin of 59.21% is fine compared to the rest of the industry. IRE outperforms 75.00% of its industry peers.
  • 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

More info and screens

ROAROEROICOperating and Profit MarginShow most profitable peers

3

2. IRE.MI Health Analysis

2.1 Basic Checks

  • IRE has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
  • Compared to 1 year ago, IRE has about the same amount of shares outstanding.
  • 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

  • IRE has an Altman-Z score of 1.46. This is a bad value and indicates that IRE is not financially healthy and even has some risk of bankruptcy.
  • IRE has a Altman-Z score of 1.46. This is amongst the best in the industry. IRE outperforms 85.00% 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 85.00% 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 of 1.47. This is comparable to the rest of the industry: IRE outperforms 60.00% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.47
Debt/FCF 20.33
Altman-Z 1.46
ROIC/WACC1.47
WACC4.45%
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.
  • IRE has a worse Current ratio (0.87) than 65.00% of its industry peers.
  • A Quick Ratio of 0.85 indicates that IRE may have some problems paying its short term obligations.
  • IRE has a Quick ratio (0.85) which is comparable to the rest of the 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

More info and screens

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

4

3. IRE.MI Growth Analysis

3.1 Past

  • The Earnings Per Share has grown by an nice 18.57% over the past year.
  • Measured over the past 5 years, IRE shows a small growth in Earnings Per Share. The EPS has been growing by 2.80% on average per year.
  • IRE shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 15.47%.
  • The Revenue has been growing slightly by 7.66% on average over the past years.
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

  • The Earnings Per Share is expected to grow by 7.21% on average over the next years.
  • Based on estimates for the next years, IRE will show a small growth in Revenue. The Revenue will grow by 2.43% 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 5Y2.43%

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.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
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

More info and screens

Find the best growth stocksShow best growing peers

8

4. IRE.MI Valuation Analysis

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 6.66, the valuation of IRE can be described as very cheap.
  • 95.00% of the companies in the same industry are more expensive than IRE, based on the Price/Earnings ratio.
  • When comparing the Price/Earnings ratio of IRE to the average of the S&P500 Index (26.15), we can say IRE is valued rather cheaply.
  • Based on the Price/Forward Earnings ratio of 10.59, the valuation of IRE can be described as reasonable.
  • 100.00% of the companies in the same industry are more expensive than IRE, based on the Price/Forward Earnings ratio.
  • IRE's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 24.27.
Industry RankSector Rank
PE 6.66
Fwd PE 10.59
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 95.00% of the companies in the same industry.
  • IRE's Price/Free Cash Flow ratio is rather cheap when compared to the industry. IRE is cheaper than 85.00% of the companies in the same industry.
Industry RankSector Rank
P/FCF 13.42
EV/EBITDA 4.84
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)0.61
PEG (5Y)2.38
EPS Next 2Y6.74%
EPS Next 3Y5.97%

More info and screens

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

7

5. IRE.MI Dividend Analysis

5.1 Amount

  • IRE has a Yearly Dividend Yield of 4.89%, which is a nice return.
  • IRE's Dividend Yield is rather good when compared to the industry average which is at 3.96. IRE pays more dividend than 85.00% of the companies 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 4.89%

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

More info and screens

Find the best dividend stocksShow peers with best dividend

IRE.MI Fundamentals: All Metrics, Ratios and Statistics

IREN SPA

BIT:IRE (3/12/2026, 11:13:16 AM)

2.532

-0.04 (-1.48%)

Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryMulti-Utilities
Earnings (Last)11-13
Earnings (Next)03-23
Inst Owners13.27%
Inst Owner ChangeN/A
Ins Owners3.85%
Ins Owner ChangeN/A
Market Cap3.29B
Revenue(TTM)10.11B
Net Income(TTM)489.85M
Analysts78
Price Target2.98 (17.69%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 4.89%
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)0%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)0.04%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)0%
Valuation
Industry RankSector Rank
PE 6.66
Fwd PE 10.59
P/S 0.33
P/FCF 13.42
P/OCF 2.93
P/B 0.99
P/tB N/A
EV/EBITDA 4.84
EPS(TTM)0.38
EY15.01%
EPS(NY)0.24
Fwd EY9.44%
FCF(TTM)0.19
FCFY7.45%
OCF(TTM)0.86
OCFY34.11%
SpS7.77
BVpS2.56
TBVpS-0.5
PEG (NY)0.61
PEG (5Y)2.38
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 1.46
F-Score6
WACC4.45%
ROIC/WACC1.47
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 5Y2.43%
EBIT growth 1Y11.98%
EBIT growth 3Y3.4%
EBIT growth 5Y2.64%
EBIT Next Year156.87%
EBIT Next 3Y40.4%
EBIT Next 5Y23.77%
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%.