IREN SPA (IRE.MI) Stock Fundamental Analysis
Europe - Euronext Milan - BIT:IRE - IT0003027817 - Common Stock
2.656 EUR
-0.03 (-1.12%)
Overall IRE gets a fundamental rating of 5 out of 10. We evaluated IRE against 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.
1. Profitability
1.1 Basic Checks
- IRE had positive earnings in the past year.
- In the past year IRE had a positive cash flow from operations.
- 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'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.
- 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 6.01%.
- 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 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 worse Profit Margin (4.85%) than 64.71% 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 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.
- In the last couple of years the Gross Margin of IRE has remained more or less at the same level.
| 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
- With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), IRE is creating some value.
- IRE has about the same amout of shares outstanding than it did 1 year ago.
- Compared to 5 years ago, IRE has less shares outstanding
- Compared to 1 year ago, IRE has a worse debt to assets ratio.
2.2 Solvency
- Based on the Altman-Z score of 1.47, we must say that IRE is in the distress zone and has some risk of bankruptcy.
- The Altman-Z score of IRE (1.47) is better than 82.35% of its industry peers.
- 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.
- The Debt to FCF ratio of IRE (20.33) is better than 82.35% 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.
- Looking at the Debt to Equity ratio, with a value of 1.47, IRE is in line with its industry, outperforming 58.82% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.47 | ||
| Debt/FCF | 20.33 | ||
| Altman-Z | 1.47 |
ROIC/WACC1.44
WACC4.54%
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.
- 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.
- 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 52.94% of the companies in the same industry.
| 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.
- 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.
- 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
- 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 2.45% on average per year.
EPS Next Y10.88%
EPS Next 2Y6.43%
EPS Next 3Y6.04%
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.
4. Valuation
4.1 Price/Earnings Ratio
- With a Price/Earnings ratio of 6.99, the valuation of IRE can be described as very cheap.
- Based on the Price/Earnings ratio, IRE is valued cheaper than 94.12% of the companies in the same industry.
- Compared to an average S&P500 Price/Earnings ratio of 26.94, IRE is valued rather cheaply.
- IRE is valuated reasonably with a Price/Forward Earnings ratio of 11.17.
- Based on the Price/Forward Earnings ratio, IRE is valued cheaper than 100.00% of the companies in the same industry.
- Compared to an average S&P500 Price/Forward Earnings ratio of 23.94, IRE is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 6.99 | ||
| Fwd PE | 11.17 |
4.2 Price Multiples
- 94.12% of the companies in the same industry are more expensive than IRE, based on the Enterprise Value to EBITDA ratio.
- 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 | 14.08 | ||
| EV/EBITDA | 4.94 |
4.3 Compensation for Growth
- IRE's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
PEG (NY)0.64
PEG (5Y)2.49
EPS Next 2Y6.43%
EPS Next 3Y6.04%
5. Dividend
5.1 Amount
- IRE has a Yearly Dividend Yield of 4.69%, which is a nice return.
- Compared to an average industry Dividend Yield of 4.55, IRE has a dividend in line with its industry peers.
- 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 | 4.69% |
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.
- IRE's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP67.26%
EPS Next 2Y6.43%
EPS Next 3Y6.04%
BIT:IRE (1/21/2026, 1:31:37 PM)
2.656
-0.03 (-1.12%)
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 Cap3.46B
Revenue(TTM)10.11B
Net Income(TTM)489.85M
Analysts78
Price Target2.98 (12.2%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.69% |
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%
EPS NY rev (3m)-3.11%
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 | 6.99 | ||
| Fwd PE | 11.17 | ||
| P/S | 0.34 | ||
| P/FCF | 14.08 | ||
| P/OCF | 3.08 | ||
| P/B | 1.04 | ||
| P/tB | N/A | ||
| EV/EBITDA | 4.94 |
EPS(TTM)0.38
EY14.31%
EPS(NY)0.24
Fwd EY8.95%
FCF(TTM)0.19
FCFY7.1%
OCF(TTM)0.86
OCFY32.51%
SpS7.77
BVpS2.56
TBVpS-0.5
PEG (NY)0.64
PEG (5Y)2.49
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 | 1.47 |
F-Score6
WACC4.54%
ROIC/WACC1.44
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 Y10.88%
EPS Next 2Y6.43%
EPS Next 3Y6.04%
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 10.88% in the next year.
Can you provide the dividend sustainability for IRE stock?
The dividend rating of IREN SPA (IRE.MI) is 6 / 10 and the dividend payout ratio is 67.26%.