IREN SPA (IRE.MI) Stock Fundamental Analysis
Europe • Euronext Milan • BIT:IRE • IT0003027817
2.759 EUR
0 (-0.04%)
Last: Feb 4, 2026, 02:02 PM
We assign a fundamental rating of 5 out of 10 to IRE. IRE was compared to 17 industry peers in the Multi-Utilities industry. While IRE is still in line with the averages on profitability rating, there are concerns on its financial health. IRE scores decently on growth, while it is valued quite cheap. This could make an interesting combination. IRE also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
- In the past year IRE was profitable.
- IRE had a positive operating cash flow in the past year.
- Each year in the past 5 years IRE has been profitable.
- Each year in the past 5 years IRE had a positive operating cash flow.
1.2 Ratios
- Looking at the Return On Assets, with a value of 3.96%, IRE is in the better half of 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 has a better Return On Invested Capital (6.54%) than 76.47% of its industry peers.
- IRE had an Average Return On Invested Capital over the past 3 years of 4.03%. This is in line with the industry average of 5.95%.
- The 3 year average ROIC (4.03%) for IRE is below the current ROIC(6.54%), indicating increased profibility in the last year.
| Industry Rank | Sector 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%
1.3 Margins
- IRE has a Profit Margin of 4.85%. This is in the lower half of the industry: IRE underperforms 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.
- IRE has a Gross Margin of 59.21%. This is in the better half of the industry: IRE outperforms 70.59% of its industry peers.
- IRE's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector 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%
2. Health
2.1 Basic Checks
- The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so IRE is still creating some value.
- Compared to 1 year ago, IRE has about the same amount of shares outstanding.
- The number of shares outstanding for IRE has been reduced compared to 5 years ago.
- IRE has a worse debt/assets ratio than last year.
2.2 Solvency
- IRE has an Altman-Z score of 1.48. This is a bad value and indicates that IRE is not financially healthy and even has some risk of bankruptcy.
- IRE's Altman-Z score of 1.48 is amongst the best of the industry. IRE outperforms 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 Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.47 | ||
| Debt/FCF | 20.33 | ||
| Altman-Z | 1.48 |
ROIC/WACC1.43
WACC4.58%
2.3 Liquidity
- A Current Ratio of 0.87 indicates that IRE may have some problems paying its short term obligations.
- Looking at the Current ratio, with a value of 0.87, IRE is doing worse than 70.59% of the companies in the same industry.
- 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.
- IRE has a Quick ratio (0.85) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.87 | ||
| Quick Ratio | 0.85 |
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.
- Looking at the last year, IRE shows a quite strong growth in Revenue. The Revenue has grown by 15.47% in the last year.
- 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
- IRE is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 7.21% yearly.
- The Revenue is expected to grow by 2.45% on average over the next years.
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
- The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
- 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.
4. Valuation
4.1 Price/Earnings Ratio
- IRE is valuated cheaply with a Price/Earnings ratio of 7.26.
- Based on the Price/Earnings ratio, IRE is valued cheaper than 94.12% of the companies in the same industry.
- IRE's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 28.18.
- A Price/Forward Earnings ratio of 11.54 indicates a reasonable valuation of IRE.
- Compared to the rest of the industry, the Price/Forward Earnings ratio of IRE indicates a rather cheap valuation: IRE is cheaper than 100.00% of the companies listed in the same industry.
- IRE is valuated cheaply when we compare the Price/Forward Earnings ratio to 25.51, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.26 | ||
| Fwd PE | 11.54 |
4.2 Price Multiples
- Based on the Enterprise Value to EBITDA ratio, IRE is valued cheaply inside the industry as 94.12% of the companies are valued more expensively.
- Compared to the rest of the industry, the Price/Free Cash Flow ratio of IRE indicates a rather cheap valuation: IRE is cheaper than 82.35% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 14.62 | ||
| EV/EBITDA | 5 |
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%
5. Dividend
5.1 Amount
- With a Yearly Dividend Yield of 4.79%, IRE is a good candidate for dividend investing.
- IRE's Dividend Yield is rather good when compared to the industry average which is at 4.26. IRE pays more dividend than 82.35% of the companies in the same industry.
- IRE's Dividend Yield is rather good when compared to the S&P500 average which is at 1.83.
| Industry Rank | Sector 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%
BIT:IRE (2/4/2026, 2:02:05 PM)
2.759
0 (-0.04%)
Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryMulti-Utilities
Earnings (Last)11-13 2025-11-13
Earnings (Next)03-23 2026-03-23/amc
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 (8.01%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector 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 Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.26 | ||
| Fwd PE | 11.54 | ||
| P/S | 0.36 | ||
| P/FCF | 14.62 | ||
| P/OCF | 3.19 | ||
| P/B | 1.08 | ||
| P/tB | N/A | ||
| EV/EBITDA | 5 |
EPS(TTM)0.38
EY13.77%
EPS(NY)0.24
Fwd EY8.67%
FCF(TTM)0.19
FCFY6.84%
OCF(TTM)0.86
OCFY31.3%
SpS7.77
BVpS2.56
TBVpS-0.5
PEG (NY)0.66
PEG (5Y)2.59
Graham Number4.68
Profitability
| Industry Rank | Sector 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 Rank | Sector 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%.