IREN SPA (IRE.MI) Fundamental Analysis & Valuation

BIT:IRE • IT0003027817

2.59 EUR
-0.04 (-1.6%)
Last: Mar 9, 2026, 01:30 PM
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

Overall IRE gets a fundamental rating of 5 out of 10. We evaluated IRE against 20 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. Finally IRE also has an excellent dividend rating.


Dividend Valuation Growth Profitability Health

5

1. IRE.MI Profitability Analysis

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.
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

  • IRE has a Return On Assets of 3.96%. This is in the better half of the industry: IRE outperforms 80.00% of its industry peers.
  • IRE has a Return On Equity of 14.70%. This is in the better half of the industry: IRE outperforms 80.00% of its industry peers.
  • IRE's Return On Invested Capital of 6.54% is fine compared to the rest of the industry. IRE outperforms 80.00% 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 5.25%.
  • 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

  • IRE has a Profit Margin of 4.85%. This is in the lower half of the industry: IRE underperforms 65.00% of its industry peers.
  • IRE's Profit Margin has declined in the last couple of years.
  • 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.
  • IRE's Operating Margin has declined in the last couple of years.
  • IRE has a better Gross Margin (59.21%) than 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

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ROAROEROICOperating and Profit MarginShow most profitable peers

3

2. IRE.MI Health Analysis

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.
  • 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.
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 1.46, we must say that IRE is in the distress zone and has some risk of bankruptcy.
  • Looking at the Altman-Z score, with a value of 1.46, IRE belongs to the top of the industry, outperforming 85.00% of the companies in the same industry.
  • The Debt to FCF ratio of IRE is 20.33, which is on the high side as it means it would take IRE, 20.33 years of fcf income to pay off all of its debts.
  • IRE has a Debt to FCF ratio of 20.33. This is amongst the best in the industry. IRE outperforms 85.00% of its industry peers.
  • IRE has a Debt/Equity ratio of 1.47. This is a high value indicating a heavy dependency on external 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/WACC1.46
WACC4.48%
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

  • IRE has a Current 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 Current ratio of 0.87. This is in the lower half of the industry: IRE underperforms 65.00% of its industry peers.
  • A Quick Ratio of 0.85 indicates that IRE may have some problems paying its short term obligations.
  • With a Quick ratio value of 0.85, IRE perfoms like the industry average, outperforming 55.00% 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. 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.
  • Looking at the last year, IRE shows a quite strong growth in Revenue. The Revenue has grown by 15.47% in the last year.
  • Measured over the past years, IRE shows a small growth in Revenue. The Revenue has been growing by 7.66% on average per year.
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

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

3.3 Evolution

  • The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
  • 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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8

4. IRE.MI Valuation Analysis

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 6.82, which indicates a rather cheap valuation of IRE.
  • Compared to the rest of the industry, the Price/Earnings ratio of IRE indicates a rather cheap valuation: IRE is cheaper than 95.00% of the companies listed in the same industry.
  • IRE's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 26.29.
  • A Price/Forward Earnings ratio of 10.83 indicates a reasonable valuation of IRE.
  • Based on the Price/Forward Earnings ratio, IRE is valued cheaper than 100.00% of the companies in the same industry.
  • The average S&P500 Price/Forward Earnings ratio is at 24.60. IRE is valued rather cheaply when compared to this.
Industry RankSector Rank
PE 6.82
Fwd PE 10.83
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.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of IRE indicates a rather cheap valuation: IRE is cheaper than 85.00% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 13.73
EV/EBITDA 4.89
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)0.62
PEG (5Y)2.43
EPS Next 2Y6.74%
EPS Next 3Y5.97%

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

7

5. IRE.MI Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 4.89%, IRE is a good candidate for dividend investing.
  • 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

  • On average, the dividend of IRE grows each year by 15.97%, which is quite nice.
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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IRE.MI Fundamentals: All Metrics, Ratios and Statistics

IREN SPA

BIT:IRE (3/9/2026, 1:30:08 PM)

2.59

-0.04 (-1.6%)

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 Cap3.37B
Revenue(TTM)10.11B
Net Income(TTM)489.85M
Analysts78
Price Target2.98 (15.06%)
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 6.82
Fwd PE 10.83
P/S 0.33
P/FCF 13.73
P/OCF 3
P/B 1.01
P/tB N/A
EV/EBITDA 4.89
EPS(TTM)0.38
EY14.67%
EPS(NY)0.24
Fwd EY9.23%
FCF(TTM)0.19
FCFY7.29%
OCF(TTM)0.86
OCFY33.34%
SpS7.77
BVpS2.56
TBVpS-0.5
PEG (NY)0.62
PEG (5Y)2.43
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
WACC4.48%
ROIC/WACC1.46
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%.