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IRCP

IRSA Propiedades ComercialesBASE:IRCP Stock Report

Last Price

AR$124.90

Market Cap

AR$67.6b

7D

4.3%

1Y

55.5%

Updated

21 Jan, 2022

Data

Company Financials
IRCP fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance0/6
Financial Health2/6
Dividends2/6

IRCP Stock Overview

IRSA Propiedades Comerciales S.A. operates as an investment arm of IRSA Inversiones y Representaciones S.A.

IRSA Propiedades Comerciales Competitors

Cencosud

SNSE:CENCOSUD

CL$3.9t

Consultatio

BASE:CTIO

AR$101.2b

Price History & Performance

Summary of all time highs, changes and price drops for IRSA Propiedades Comerciales
Historical stock prices
Current Share PriceAR$124.90
52 Week HighAR$163.00
52 Week LowAR$76.37
Beta1.01
1 Month Change4.96%
3 Month Change-6.69%
1 Year Change55.49%
3 Year Change189.97%
5 Year Change233.20%
Change since IPO8,694.53%

Recent News & Updates

Shareholder Returns

IRCPAR Real EstateAR Market
7D4.3%1.3%21.2%
1Y55.5%-14.8%86.3%

Return vs Industry: IRCP exceeded the AR Real Estate industry which returned -14.8% over the past year.

Return vs Market: IRCP underperformed the AR Market which returned 86.3% over the past year.

Price Volatility

Is IRCP's price volatile compared to industry and market?
IRCP volatility
IRCP Average Weekly Movement6.8%
Real Estate Industry Average Movement7.2%
Market Average Movement5.7%
10% most volatile stocks in AR Market7.7%
10% least volatile stocks in AR Market3.5%

Stable Share Price: IRCP is more volatile than 75% of AR stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: IRCP's weekly volatility (7%) has been stable over the past year, but is still higher than 75% of AR stocks.

About the Company

FoundedEmployeesCEOWebsite
1889n/aDaniel Ricardo Elsztainhttps://www.irsacp.com.ar

IRSA Propiedades Comerciales S.A. operates as an investment arm of IRSA Inversiones y Representaciones S.A. Alto Palermo S.A. engages in the ownership, acquisition, development, leasing, management, and operation of shopping centers, as well as residential and commercial complexes in Argentina. As of June 30, 2007, it owned and operated ten shopping centers covering a total of 264,995 square meters in Argentina, including six in the Buenos Aires metropolitan area and four in the provinces of Cordoba, Mendoza, Salta, and Santa Fe; and a condominium called Torres de Abasto located in front of the Abasto Shopping Center in Buenos Aires.

IRSA Propiedades Comerciales Fundamentals Summary

How do IRSA Propiedades Comerciales's earnings and revenue compare to its market cap?
IRCP fundamental statistics
Market CapAR$67.60b
Earnings (TTM)-AR$42.47b
Revenue (TTM)AR$9.24b

7.3x

P/S Ratio

-1.6x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
IRCP income statement (TTM)
RevenueAR$9.24b
Cost of RevenueAR$4.20b
Gross ProfitAR$5.04b
ExpensesAR$47.51b
Earnings-AR$42.47b

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-78.47
Gross Margin54.50%
Net Profit Margin-459.68%
Debt/Equity Ratio51.1%

How did IRCP perform over the long term?

See historical performance and comparison

Dividends

4.5%

Current Dividend Yield

-7%

Payout Ratio

Valuation

Is IRSA Propiedades Comerciales undervalued compared to its fair value and its price relative to the market?

0.87x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: IRCP (ARS124.9) is trading above our estimate of fair value (ARS83.93)

Significantly Below Fair Value: IRCP is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: IRCP is unprofitable, so we can't compare its PE Ratio to the South American Real Estate industry average.

PE vs Market: IRCP is unprofitable, so we can't compare its PE Ratio to the AR market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate IRCP's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: IRCP's PB Ratio (0.9x) is in line with the XS Real Estate industry average.


Future Growth

How is IRSA Propiedades Comerciales forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

22.5%

Forecasted Real Estate industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as IRSA Propiedades Comerciales has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Past Performance

How has IRSA Propiedades Comerciales performed over the past 5 years?

-12.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: IRCP is currently unprofitable.

Growing Profit Margin: IRCP is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: IRCP is unprofitable, and losses have increased over the past 5 years at a rate of 12.5% per year.

Accelerating Growth: Unable to compare IRCP's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: IRCP is unprofitable, making it difficult to compare its past year earnings growth to the Real Estate industry (50.4%).


Return on Equity

High ROE: IRCP has a negative Return on Equity (-53.46%), as it is currently unprofitable.


Financial Health

How is IRSA Propiedades Comerciales's financial position?


Financial Position Analysis

Short Term Liabilities: IRCP's short term assets (ARS11.6B) do not cover its short term liabilities (ARS12.3B).

Long Term Liabilities: IRCP's short term assets (ARS11.6B) do not cover its long term liabilities (ARS91.0B).


Debt to Equity History and Analysis

Debt Level: IRCP's net debt to equity ratio (49.9%) is considered high.

Reducing Debt: IRCP's debt to equity ratio has reduced from 328.9% to 51.1% over the past 5 years.

Debt Coverage: IRCP's debt is well covered by operating cash flow (20.6%).

Interest Coverage: IRCP's interest payments on its debt are not well covered by EBIT (0.4x coverage).


Balance Sheet


Dividend

What is IRSA Propiedades Comerciales's current dividend yield, its reliability and sustainability?

4.49%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: IRCP's dividend (4.49%) is higher than the bottom 25% of dividend payers in the AR market (0.81%).

High Dividend: IRCP's dividend (4.49%) is low compared to the top 25% of dividend payers in the AR market (4.86%).


Stability and Growth of Payments

Stable Dividend: IRCP's dividend payments have been volatile in the past 10 years.

Growing Dividend: IRCP's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: IRCP is paying a dividend but the company is unprofitable.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

1.6yrs

Average management tenure


CEO

Daniel Ricardo Elsztain (49 yo)

1.25yrs

Tenure

Mr. Daniel Ricardo Elsztain served as a Chief Operating Officer at IRSA Propiedades Comerciales S.A.. since 2011 has been its General Manager of Real Estate Operations and Investments since September 22, 2...


Leadership Team

Experienced Management: IRCP's management team is not considered experienced ( 1.6 years average tenure), which suggests a new team.


Board Members

Experienced Board: IRCP's board of directors are considered experienced (9 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

IRSA Propiedades Comerciales S.A.'s employee growth, exchange listings and data sources


Key Information

  • Name: IRSA Propiedades Comerciales S.A.
  • Ticker: IRCP
  • Exchange: BASE
  • Founded: 1889
  • Industry: Real Estate Operating Companies
  • Sector: Real Estate
  • Implied Market Cap: AR$67.600b
  • Shares outstanding: 541.23m
  • Website: https://www.irsacp.com.ar

Number of Employees


Location

  • IRSA Propiedades Comerciales S.A.
  • Carlos Della Paolera 261
  • Piso 8
  • Buenos Aires
  • Capital Federal
  • C1001ADA
  • Argentina

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/21 00:03
End of Day Share Price2022/01/20 00:00
Earnings2021/09/30
Annual Earnings2021/06/30


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.