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IREN LTD (IREN) Stock Fundamental Analysis

NASDAQ:IREN - Nasdaq - AU0000185993 - Common Stock - Currency: USD

10.88  -1.48 (-11.97%)

After market: 10.98 +0.1 (+0.92%)

Fundamental Rating

3

Taking everything into account, IREN scores 3 out of 10 in our fundamental rating. IREN was compared to 284 industry peers in the Software industry. Both the profitability and financial health of IREN have multiple concerns. IREN is not priced too expensively while it is growing strongly. Keep and eye on this one!


Dividend Valuation Growth Profitability Health

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1

1. Profitability

1.1 Basic Checks

In the past year IREN has reported negative net income.
IREN had a positive operating cash flow in the past year.
In the past 5 years IREN always reported negative net income.
IREN had a positive operating cash flow in 4 of the past 5 years.
IREN Yearly Net Income VS EBIT VS OCF VS FCFIREN Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2020 2021 2022 2023 2024 0 -100M -200M -300M -400M

1.2 Ratios

The Return On Assets of IREN (-2.77%) is comparable to the rest of the industry.
IREN has a Return On Equity of -3.98%. This is comparable to the rest of the industry: IREN outperforms 56.88% of its industry peers.
Industry RankSector Rank
ROA -2.77%
ROE -3.98%
ROIC N/A
ROA(3y)-42.61%
ROA(5y)-38.24%
ROE(3y)-51.63%
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
IREN Yearly ROA, ROE, ROICIREN Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2020 2021 2022 2023 2024 0 50 -50 100

1.3 Margins

The Profit Margin and Operating Margin and Gross Margin are not available for IREN so they could not be analyzed.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM N/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
IREN Yearly Profit, Operating, Gross MarginsIREN Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2020 2021 2022 2023 2024 0 -200 -400 -600

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2

2. Health

2.1 Basic Checks

IREN does not have a ROIC to compare to the WACC, probably because it is not profitable.
The number of shares outstanding for IREN has been increased compared to 1 year ago.
Compared to 1 year ago, IREN has an improved debt to assets ratio.
IREN Yearly Shares OutstandingIREN Yearly Shares OutstandingYearly Shares Outstanding 2020 2021 2022 2023 2024 50M 100M 150M
IREN Yearly Total Debt VS Total AssetsIREN Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2020 2021 2022 2023 2024 200M 400M 600M 800M 1B

2.2 Solvency

IREN has an Altman-Z score of 2.39. This is not the best score and indicates that IREN is in the grey zone with still only limited risk for bankruptcy at the moment.
The Altman-Z score of IREN (2.39) is comparable to the rest of the industry.
IREN has a Debt/Equity ratio of 0.00. This is a healthy value indicating a solid balance between debt and equity.
IREN has a better Debt to Equity ratio (0.00) than 67.75% of its industry peers.
Industry RankSector Rank
Debt/Equity 0
Debt/FCF N/A
Altman-Z 2.39
ROIC/WACCN/A
WACC13.88%
IREN Yearly LT Debt VS Equity VS FCFIREN Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2020 2021 2022 2023 2024 0 200M 400M 600M 800M 1B

2.3 Liquidity

A Current Ratio of 0.94 indicates that IREN may have some problems paying its short term obligations.
Looking at the Current ratio, with a value of 0.94, IREN is doing worse than 77.90% of the companies in the same industry.
A Quick Ratio of 0.94 indicates that IREN may have some problems paying its short term obligations.
IREN has a Quick ratio of 0.94. This is in the lower half of the industry: IREN underperforms 77.54% of its industry peers.
Industry RankSector Rank
Current Ratio 0.94
Quick Ratio 0.94
IREN Yearly Current Assets VS Current LiabilitesIREN Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2020 2021 2022 2023 2024 100M 200M 300M 400M

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7

3. Growth

3.1 Past

The Earnings Per Share has grown by an impressive 90.75% over the past year.
Looking at the last year, IREN shows a very strong growth in Revenue. The Revenue has grown by 149.98%.
IREN shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 188.02% yearly.
EPS 1Y (TTM)90.75%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%227.78%
Revenue 1Y (TTM)149.98%
Revenue growth 3Y188.02%
Revenue growth 5YN/A
Sales Q2Q%169.9%

3.2 Future

The Earnings Per Share is expected to grow by 287.02% on average over the next years. This is a very strong growth
IREN is expected to show a strong growth in Revenue. In the coming years, the Revenue will grow by 84.43% yearly.
EPS Next Y1373.54%
EPS Next 2Y627.18%
EPS Next 3Y287.02%
EPS Next 5YN/A
Revenue Next Year193.89%
Revenue Next 2Y132.07%
Revenue Next 3Y84.43%
Revenue Next 5YN/A

3.3 Evolution

The estimated forward Revenue growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
IREN Yearly Revenue VS EstimatesIREN Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2020 2021 2022 2023 2024 2025 2026 2027 200M 400M 600M 800M 1B
IREN Yearly EPS VS EstimatesIREN Yearly EPS VS EstimatesYearly EPS VS Estimates 2020 2021 2022 2023 2024 2025 2026 2027 0 1 -1 -2 -3

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4

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings Ratio is negative for IREN. In the last year negative earnings were reported.
With a Price/Forward Earnings ratio of 6.62, the valuation of IREN can be described as very cheap.
97.10% of the companies in the same industry are more expensive than IREN, based on the Price/Forward Earnings ratio.
IREN is valuated cheaply when we compare the Price/Forward Earnings ratio to 22.68, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE N/A
Fwd PE 6.62
IREN Price Earnings VS Forward Price EarningsIREN Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 20 -20 40

4.2 Price Multiples

Industry RankSector Rank
P/FCF N/A
EV/EBITDA N/A
IREN Per share dataIREN EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 2 4

4.3 Compensation for Growth

IREN's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
A more expensive valuation may be justified as IREN's earnings are expected to grow with 287.02% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y627.18%
EPS Next 3Y287.02%

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0

5. Dividend

5.1 Amount

No dividends for IREN!.
Industry RankSector Rank
Dividend Yield N/A

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IREN LTD

NASDAQ:IREN (2/21/2025, 8:00:02 PM)

After market: 10.98 +0.1 (+0.92%)

10.88

-1.48 (-11.97%)

Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)02-12 2025-02-12/amc
Earnings (Next)05-13 2025-05-13/amc
Inst Owners43.18%
Inst Owner ChangeN/A
Ins Owners5.21%
Ins Owner ChangeN/A
Market Cap2.33B
Analysts82.22
Price Target23.26 (113.79%)
Short Float %10.26%
Short Ratio1.26
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)88.88%
Min EPS beat(2)-187.16%
Max EPS beat(2)364.93%
EPS beat(4)2
Avg EPS beat(4)-219.67%
Min EPS beat(4)-1085.5%
Max EPS beat(4)364.93%
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)1
Avg Revenue beat(2)-2.76%
Min Revenue beat(2)-6.94%
Max Revenue beat(2)1.42%
Revenue beat(4)2
Avg Revenue beat(4)-1.31%
Min Revenue beat(4)-6.94%
Max Revenue beat(4)3.47%
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)0.48%
PT rev (3m)30.35%
EPS NQ rev (1m)-70%
EPS NQ rev (3m)-92.72%
EPS NY rev (1m)64.49%
EPS NY rev (3m)-26.59%
Revenue NQ rev (1m)0.41%
Revenue NQ rev (3m)-8.85%
Revenue NY rev (1m)-0.36%
Revenue NY rev (3m)17%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE 6.62
P/S 8.16
P/FCF N/A
P/OCF 28.68
P/B 1.81
P/tB 1.81
EV/EBITDA N/A
EPS(TTM)-0.33
EYN/A
EPS(NY)1.64
Fwd EY15.11%
FCF(TTM)-1.28
FCFYN/A
OCF(TTM)0.38
OCFY3.49%
SpS1.33
BVpS6
TBVpS6
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -2.77%
ROE -3.98%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM N/A
FCFM N/A
ROA(3y)-42.61%
ROA(5y)-38.24%
ROE(3y)-51.63%
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
F-Score5
Asset Turnover0.15
Health
Industry RankSector Rank
Debt/Equity 0
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr N/A
Cap/Sales 124.35%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 0.94
Quick Ratio 0.94
Altman-Z 2.39
F-Score5
WACC13.88%
ROIC/WACCN/A
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)123.51%
Cap/Sales(5y)130.1%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)90.75%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%227.78%
EPS Next Y1373.54%
EPS Next 2Y627.18%
EPS Next 3Y287.02%
EPS Next 5YN/A
Revenue 1Y (TTM)149.98%
Revenue growth 3Y188.02%
Revenue growth 5YN/A
Sales Q2Q%169.9%
Revenue Next Year193.89%
Revenue Next 2Y132.07%
Revenue Next 3Y84.43%
Revenue Next 5YN/A
EBIT growth 1Y44.65%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year5532.07%
EBIT Next 3Y387.94%
EBIT Next 5YN/A
FCF growth 1Y-140.88%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y1304.73%
OCF growth 3Y210.56%
OCF growth 5YN/A