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IRISH RESIDENTIAL PROPERTIES (IRES.I) Stock Fundamental Analysis

DUB:IRES - Euronext Dublin - IE00BJ34P519 - REIT - Currency: EUR

1.026  +0.01 (+0.79%)

Fundamental Rating

3

IRES gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 5 industry peers in the Residential REITs industry. Both the profitability and financial health of IRES have multiple concerns. IRES has a expensive valuation and it also scores bad on growth.


Dividend Valuation Growth Profitability Health

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3

1. Profitability

1.1 Basic Checks

In the past year IRES has reported negative net income.
IRES had a positive operating cash flow in the past year.
In multiple years IRES reported negative net income over the last 5 years.
Each year in the past 5 years IRES had a positive operating cash flow.
IRES.I Yearly Net Income VS EBIT VS OCF VS FCFIRES.I Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 50M -50M 100M -100M

1.2 Ratios

IRES has a worse Return On Assets (-0.53%) than 80.00% of its industry peers.
Looking at the Return On Equity, with a value of -1.00%, IRES is doing worse than 80.00% of the companies in the same industry.
Looking at the Return On Invested Capital, with a value of 3.73%, IRES is in line with its industry, outperforming 60.00% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for IRES is in line with the industry average of 4.09%.
The 3 year average ROIC (3.55%) for IRES is below the current ROIC(3.73%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA -0.53%
ROE -1%
ROIC 3.73%
ROA(3y)-3.41%
ROA(5y)-0.34%
ROE(3y)-6.34%
ROE(5y)-0.89%
ROIC(3y)3.55%
ROIC(5y)3.34%
IRES.I Yearly ROA, ROE, ROICIRES.I Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10 -10

1.3 Margins

IRES has a Operating Margin of 61.71%. This is in the lower half of the industry: IRES underperforms 60.00% of its industry peers.
IRES's Operating Margin has declined in the last couple of years.
Looking at the Gross Margin, with a value of 78.06%, IRES is in line with its industry, outperforming 60.00% of the companies in the same industry.
In the last couple of years the Gross Margin of IRES has remained more or less at the same level.
Industry RankSector Rank
OM 61.71%
PM (TTM) N/A
GM 78.06%
OM growth 3Y-1.31%
OM growth 5Y-1.8%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-0.79%
GM growth 5Y-1.09%
IRES.I Yearly Profit, Operating, Gross MarginsIRES.I Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 100 -100 200

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3

2. Health

2.1 Basic Checks

The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so IRES is destroying value.
The number of shares outstanding for IRES remains at a similar level compared to 1 year ago.
IRES has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, IRES has a worse debt to assets ratio.
IRES.I Yearly Shares OutstandingIRES.I Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M 400M 500M
IRES.I Yearly Total Debt VS Total AssetsIRES.I Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B

2.2 Solvency

Based on the Altman-Z score of 0.88, we must say that IRES is in the distress zone and has some risk of bankruptcy.
IRES has a better Altman-Z score (0.88) than 80.00% of its industry peers.
The Debt to FCF ratio of IRES is 11.16, which is on the high side as it means it would take IRES, 11.16 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 11.16, IRES is in the better half of the industry, outperforming 80.00% of the companies in the same industry.
IRES has a Debt/Equity ratio of 0.85. This is a neutral value indicating IRES is somewhat dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.85, IRES is in line with its industry, outperforming 60.00% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.85
Debt/FCF 11.16
Altman-Z 0.88
ROIC/WACC0.68
WACC5.49%
IRES.I Yearly LT Debt VS Equity VS FCFIRES.I Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M

2.3 Liquidity

A Current Ratio of 0.76 indicates that IRES may have some problems paying its short term obligations.
The Current ratio of IRES (0.76) is better than 80.00% of its industry peers.
A Quick Ratio of 0.76 indicates that IRES may have some problems paying its short term obligations.
IRES's Quick ratio of 0.76 is fine compared to the rest of the industry. IRES outperforms 80.00% of its industry peers.
Industry RankSector Rank
Current Ratio 0.76
Quick Ratio 0.76
IRES.I Yearly Current Assets VS Current LiabilitesIRES.I Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10M 20M 30M 40M 50M

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1

3. Growth

3.1 Past

The Earnings Per Share has grown by an impressive 94.25% over the past year.
IRES shows a decrease in Revenue. In the last year, the revenue decreased by -2.94%.
IRES shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 6.55% yearly.
EPS 1Y (TTM)94.25%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%118.96%
Revenue 1Y (TTM)-2.94%
Revenue growth 3Y2.26%
Revenue growth 5Y6.55%
Sales Q2Q%-2.55%

3.2 Future

Based on estimates for the next years, IRES will show a small growth in Earnings Per Share. The EPS will grow by 2.78% on average per year.
The Revenue is expected to decrease by 0.00% on average over the next years.
EPS Next Y4.76%
EPS Next 2Y6.9%
EPS Next 3Y2.78%
EPS Next 5YN/A
Revenue Next Year-2.3%
Revenue Next 2Y0%
Revenue Next 3Y0%
Revenue Next 5YN/A

3.3 Evolution

The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
IRES.I Yearly Revenue VS EstimatesIRES.I Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 20M 40M 60M 80M
IRES.I Yearly EPS VS EstimatesIRES.I Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 0.02 0.04 0.06 0.08

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2

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings Ratio is negative for IRES. In the last year negative earnings were reported.
IRES is valuated rather expensively with a Price/Forward Earnings ratio of 18.29.
Based on the Price/Forward Earnings ratio, IRES is valued more expensive than 80.00% of the companies in the same industry.
IRES's Price/Forward Earnings ratio indicates a similar valuation than the S&P500 average which is at 21.32.
Industry RankSector Rank
PE N/A
Fwd PE 18.29
IRES.I Price Earnings VS Forward Price EarningsIRES.I Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 50 -50 -100

4.2 Price Multiples

IRES's Enterprise Value to EBITDA is on the same level as the industry average.
IRES's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. IRES is cheaper than 80.00% of the companies in the same industry.
Industry RankSector Rank
P/FCF 10.64
EV/EBITDA 20.64
IRES.I Per share dataIRES.I EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 0.2 0.4 0.6 0.8 1

4.3 Compensation for Growth

The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates IRES does not grow enough to justify the current Price/Earnings ratio.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y6.9%
EPS Next 3Y2.78%

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4

5. Dividend

5.1 Amount

IRES has a Yearly Dividend Yield of 5.36%, which is a nice return.
IRES's Dividend Yield is comparable with the industry average which is at 6.03.
Compared to an average S&P500 Dividend Yield of 2.46, IRES pays a better dividend.
Industry RankSector Rank
Dividend Yield 5.36%

5.2 History

The dividend of IRES decreases each year by -7.31%.
Dividend Growth(5Y)-7.31%
Div Incr Years0
Div Non Decr Years0
IRES.I Yearly Dividends per shareIRES.I Yearly Dividends per shareYearly Dividends per share 2017 2018 2019 2020 2021 2022 2023 2024 2025 0.01 0.02 0.03 0.04 0.05

5.3 Sustainability

The earnings of IRES are negative and hence is the payout ratio. IRES will probably not be able to sustain this dividend level.
DP-307.79%
EPS Next 2Y6.9%
EPS Next 3Y2.78%
IRES.I Yearly Income VS Free CF VS DividendIRES.I Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 50M -50M 100M -100M

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IRISH RESIDENTIAL PROPERTIES

DUB:IRES (4/25/2025, 7:00:00 PM)

1.026

+0.01 (+0.79%)

Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryResidential REITs
Earnings (Last)02-20 2025-02-20/amc
Earnings (Next)08-06 2025-08-06
Inst Owners75.55%
Inst Owner ChangeN/A
Ins Owners0.33%
Ins Owner ChangeN/A
Market Cap539.43M
Analysts80
Price Target0.97 (-5.46%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 5.36%
Yearly Dividend0.04
Dividend Growth(5Y)-7.31%
DP-307.79%
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)5.56%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)-8.33%
EPS NY rev (3m)-8.33%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)-3.41%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE 18.29
P/S 6.33
P/FCF 10.64
P/OCF 10.63
P/B 0.81
P/tB 0.81
EV/EBITDA 20.64
EPS(TTM)-0.01
EYN/A
EPS(NY)0.06
Fwd EY5.47%
FCF(TTM)0.1
FCFY9.4%
OCF(TTM)0.1
OCFY9.41%
SpS0.16
BVpS1.27
TBVpS1.27
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -0.53%
ROE -1%
ROCE 4.26%
ROIC 3.73%
ROICexc 3.75%
ROICexgc 3.75%
OM 61.71%
PM (TTM) N/A
GM 78.06%
FCFM 59.47%
ROA(3y)-3.41%
ROA(5y)-0.34%
ROE(3y)-6.34%
ROE(5y)-0.89%
ROIC(3y)3.55%
ROIC(5y)3.34%
ROICexc(3y)3.57%
ROICexc(5y)3.36%
ROICexgc(3y)3.57%
ROICexgc(5y)3.36%
ROCE(3y)4.06%
ROCE(5y)3.82%
ROICexcg growth 3Y7.78%
ROICexcg growth 5Y6.87%
ROICexc growth 3Y7.78%
ROICexc growth 5Y6.87%
OM growth 3Y-1.31%
OM growth 5Y-1.8%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-0.79%
GM growth 5Y-1.09%
F-Score5
Asset Turnover0.07
Health
Industry RankSector Rank
Debt/Equity 0.85
Debt/FCF 11.16
Debt/EBITDA 10.63
Cap/Depr 6.09%
Cap/Sales 0.04%
Interest Coverage 2.36
Cash Conversion 95.37%
Profit Quality N/A
Current Ratio 0.76
Quick Ratio 0.76
Altman-Z 0.88
F-Score5
WACC5.49%
ROIC/WACC0.68
Cap/Depr(3y)6.38%
Cap/Depr(5y)10.26%
Cap/Sales(3y)0.04%
Cap/Sales(5y)0.07%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)94.25%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%118.96%
EPS Next Y4.76%
EPS Next 2Y6.9%
EPS Next 3Y2.78%
EPS Next 5YN/A
Revenue 1Y (TTM)-2.94%
Revenue growth 3Y2.26%
Revenue growth 5Y6.55%
Sales Q2Q%-2.55%
Revenue Next Year-2.3%
Revenue Next 2Y0%
Revenue Next 3Y0%
Revenue Next 5YN/A
EBIT growth 1Y-5.14%
EBIT growth 3Y0.92%
EBIT growth 5Y4.63%
EBIT Next Year-22.93%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-11.03%
FCF growth 3Y-1.51%
FCF growth 5Y2.93%
OCF growth 1Y-11%
OCF growth 3Y-1.49%
OCF growth 5Y2.94%