Company Valuation: Irish Residential Properties REIT plc

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 887.4 590 586.8 481.9 491.9 555.9 - -
Change - -33.52% -0.54% -17.87% 2.08% 13.01% - -
Enterprise Value (EV) 1 1,500 1,235 1,146 1,031 1,024 1,090 1,114 1,135
Change - -17.69% -7.17% -10.09% -0.64% 6.39% 2.23% 1.89%
P/E 13.1x -50.6x -5.06x -70x 9.87x 18.3x 6.79x 7.41x
PBR 1.01x 0.7x 0.84x 0.72x 0.71x 0.74x 0.69x 0.64x
PEG - 0x -0x 0.7x -0x -0.5x 0x -0.89x
Capitalization / Revenue 11.1x 6.95x 6.68x 5.65x 5.76x 7.18x 6.47x 6.13x
EV / Revenue 18.8x 14.6x 13x 12.1x 12x 14.1x 13x 12.5x
EV / EBITDA 29x 22.8x 20.5x 19.4x 18.8x 15.4x 15.2x 15x
EV / EBIT 18.4x 250x -13.1x 61.8x 13.8x 9.75x 9.23x 9.8x
EV / FCF 45.9x 37.2x 23.2x 24.8x 22.4x 33.3x 25.8x 23.9x
FCF Yield 2.18% 2.69% 4.31% 4.03% 4.47% 3% 3.87% 4.18%
Dividend per Share 2 0.0599 0.0511 0.0445 0.0408 0.0489 0.0513 0.0573 0.059
Rate of return 3.57% 4.59% 4.02% 4.48% 5.21% 4.84% 5.41% 5.57%
EPS 2 0.128 -0.022 -0.219 -0.013 0.095 0.058 0.156 0.143
Distribution rate 46.8% -232% -20.3% -314% 51.5% 88.5% 36.8% 41.3%
Net sales 1 79.74 84.86 87.85 85.27 85.46 77.45 85.87 90.7
EBITDA 1 51.72 54.21 56.01 53.22 54.56 70.73 73.2 75.43
EBIT 1 81.43 4.939 -87.8 16.69 74.03 111.8 120.7 115.8
Net income 1 67.55 -11.82 -116 -6.676 49.75 56.35 80.6 75
Net Debt 1 613.1 645 559.6 548.8 532.2 533.7 558 579
Reference price 2 1.676 1.114 1.108 0.910 0.938 1.060 1.060 1.060
Nbr of stocks (in thousands) 529,454 529,579 529,579 529,579 524,442 524,442 - -
Announcement Date 2/23/22 A 2/24/23 A 2/23/24 A 2/20/25 A 2/19/26 A - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
41.14x12.79x22.8x - 47.24B
48.37x12.27x18.83x3.82% 17.46B
26.89x8.12x15.55x4.54% 15.65B
-18.08x8.48x18.31x4.03% 13.54B
31.39x8.69x15.41x5.23% 13.6B
28.63x9.43x19.27x3.62% 11.56B
31.45x8.48x15.89x4.29% 11.04B
32.13x9.78x15.89x5.18% 10.78B
70.93x8.8x15.79x4.35% 9.99B
Average 32.54x 9.65x 17.53x 4.38% 16.76B
Weighted average by Cap. 33.97x 10.44x 18.79x 4.36%

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

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  5. Valuation Irish Residential Properties REIT plc