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 3,223 - -
Change - -44.69% 34.4% -2.74% 33.19% -1.72% - -
Enterprise Value (EV) 1 6,311 5,231 6,463 6,545 7,502 7,553 7,681 7,800
Change - -17.12% 23.57% 1.26% 14.62% 0.69% 1.69% 1.55%
P/E 11.1x 8.16x 9.87x 9.6x 11.1x 10.5x 10.2x 9.46x
PBR 1.32x 0.69x 0.78x 0.75x 0.9x 0.94x 0.9x 0.87x
PEG - -0.3x 0.9x - 0.7x 2.87x 3.01x 1.23x
Capitalization / Revenue 0.69x 0.24x 0.39x 0.41x 0.5x 0.47x 0.46x 0.46x
EV / Revenue 1.27x 0.67x 1x 1.08x 1.14x 1.1x 1.11x 1.12x
EV / EBITDA 6.32x 4.96x 5.4x 5.14x 5.54x 5.37x 5.24x 5.16x
EV / EBIT 13.9x 11.3x 13.9x 12.6x 14.2x 13.2x 12.6x 12.2x
EV / FCF 32.8x 28.2x -34.7x 25.9x 49.2x 68x 77.6x 325x
FCF Yield 3.05% 3.55% -2.88% 3.86% 2.03% 1.47% 1.29% 0.31%
Dividend per Share 2 0.105 - 0.1188 0.1283 0.1386 0.1497 0.1617 0.1696
Rate of return 3.96% - 6.02% 6.69% 5.42% 5.96% 6.44% 6.75%
EPS 2 0.24 0.18 0.2 0.2 0.23 0.2384 0.2465 0.2655
Distribution rate 43.8% - 59.4% 64.2% 60.3% 62.8% 65.6% 63.9%
Net sales 1 4,956 7,863 6,490 6,043 6,574 6,894 6,947 6,992
EBITDA 1 998 1,055 1,197 1,274 1,353 1,405 1,465 1,513
EBIT 1 454 464 464.6 519.7 530 571 609.4 638.3
Net income 1 303.1 226 254.8 268.5 300.5 310 321.5 345.2
Net Debt 1 2,906 3,347 3,932 4,083 4,222 4,330 4,458 4,577
Reference price 2 2.654 1.468 1.973 1.919 2.556 2.512 2.512 2.512
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 3/29/22 A 3/23/23 A 3/28/24 A 4/3/25 A 3/23/26 A - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
10.54x1.1x5.37x5.96% 3.68B
13.68x5.69x12.26x4.05% 81.48B
37.07x6.33x17.08x1.65% 81.43B
14.32x1.57x8.04x5.14% 75B
18.01x6.91x14.51x2.91% 59.22B
17.48x1.2x9.94x3.06% 57.46B
23.43x2.59x9.64x2.25% 46.86B
17.87x5.13x12.98x3.46% 38.59B
57x20.57x33.8x0.31% 38.31B
16.25x4.96x9.66x4.52% 37.03B
Average 22.56x 5.60x 13.33x 3.33% 51.9B
Weighted average by Cap. 22.90x 5.53x 13.58x 3.16%

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