Company Valuation: Iren SpA

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 3,405 1,884 2,532 2,462 3,280 3,182 - -
Change - -44.69% 34.4% -2.74% 33.19% -2.97% - -
Enterprise Value (EV) 1 6,311 5,231 6,463 6,545 7,502 7,509 7,638 7,758
Change - -17.12% 23.57% 1.26% 14.62% 0.1% 1.72% 1.56%
P/E 11.1x 8.16x 9.87x 9.6x 11.1x 10.5x 10x 9.31x
PBR 1.32x 0.69x 0.78x 0.75x 0.9x 0.93x 0.9x 0.86x
PEG - -0.3x 0.9x - 0.7x 3.73x 2.13x 1.23x
Capitalization / Revenue 0.69x 0.24x 0.39x 0.41x 0.5x 0.46x 0.46x 0.45x
EV / Revenue 1.27x 0.67x 1x 1.08x 1.14x 1.08x 1.09x 1.1x
EV / EBITDA 6.32x 4.96x 5.4x 5.14x 5.54x 5.38x 5.22x 5.12x
EV / EBIT 13.9x 11.3x 13.9x 12.6x 14.2x 13.4x 12.6x 12.1x
EV / FCF 32.8x 28.2x -34.7x 25.9x 49.2x 66.5x 52.8x 61.4x
FCF Yield 3.05% 3.55% -2.88% 3.86% 2.03% 1.5% 1.89% 1.63%
Dividend per Share 2 0.105 - 0.1188 0.1283 0.1386 0.1497 0.1617 0.1697
Rate of return 3.96% - 6.02% 6.69% 5.42% 6.04% 6.52% 6.84%
EPS 2 0.24 0.18 0.2 0.2 0.23 0.2365 0.2476 0.2664
Distribution rate 43.8% - 59.4% 64.2% 60.3% 63.3% 65.3% 63.7%
Net sales 1 4,956 7,863 6,490 6,043 6,574 6,927 6,977 7,029
EBITDA 1 998 1,055 1,197 1,274 1,353 1,395 1,463 1,514
EBIT 1 454 464 464.6 519.7 530 562 607.8 640.2
Net income 1 303.1 226 254.8 268.5 300.5 308.3 320.1 345.6
Net Debt 1 2,906 3,347 3,932 4,083 4,222 4,327 4,456 4,576
Reference price 2 2.654 1.468 1.973 1.919 2.556 2.480 2.480 2.480
Nbr of stocks (in thousands) 1,283,076 1,283,076 1,283,076 1,283,076 1,283,076 1,283,076 - -
Announcement Date 29/3/22 23/3/23 28/3/24 3/4/25 23/3/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
10.49x1.08x5.38x6.04% 3.71B
37.07x6.33x17.08x1.65% 81.42B
13.08x5.55x11.97x4.23% 79.42B
13.27x1.49x7.75x5.56% 71.8B
16.47x6.4x13.75x3.18% 54.2B
15.8x1.09x9.1x3.39% 53.13B
19.63x2.77x9.07x2.3% 47.55B
62.29x20.12x34.12x0.36% 38.04B
15.96x4.98x9.63x4.64% 36.75B
17.25x4.82x12.64x3.67% 36.19B
Average 22.13x 5.46x 13.05x 3.5% 50.22B
Weighted average by Cap. 22.49x 5.43x 13.31x 3.33%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield