IRSA Propiedades Comerciales
Market Cap
AR$47.4b
Last Updated
2021/02/24 22:06 UTC
Data Sources
Company Financials +
Executive Summary
IRSA Propiedades Comerciales S.A. operates as an investment arm of IRSA Inversiones y Representaciones S.A. More Details
Rewards
Risk Analysis
Earnings are forecast to decline by an average of 115.7% per year for the next 3 years
+ 1 more risk
Snowflake Analysis
Fair value second-rate dividend payer.
Similar Companies
Share Price & News
How has IRSA Propiedades Comerciales's share price performed over time and what events caused price changes?
Latest Share Price and Events
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.
Market Performance
7 Day Return
-5.5%
IRCP
-0.6%
AR Real Estate
-4.0%
AR Market
1 Year Return
43.6%
IRCP
-24.3%
AR Real Estate
24.0%
AR Market
Return vs Industry: IRCP exceeded the AR Real Estate industry which returned -28.3% over the past year.
Return vs Market: IRCP exceeded the AR Market which returned 14.3% over the past year.
Shareholder returns
| IRCP | Industry | Market | |
|---|---|---|---|
| 7 Day | -5.5% | -0.6% | -4.0% |
| 30 Day | 5.9% | 0.7% | 1.9% |
| 90 Day | -8.0% | -5.5% | -10.8% |
| 1 Year | 68.7%43.6% | -23.0%-24.3% | 24.7%24.0% |
| 3 Year | 87.4%53.2% | 1.0%-4.9% | 30.3%22.1% |
| 5 Year | 314.5%230.4% | 41.7%27.9% | 194.6%157.0% |
Long-Term Price Volatility Vs. Market
How volatile is IRSA Propiedades Comerciales's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Valuation
Is IRSA Propiedades Comerciales undervalued compared to its fair value and its price relative to the market?
2.14x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: IRCP (ARS379) is trading above our estimate of fair value (ARS181.71)
Significantly Below Fair Value: IRCP is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: IRCP is good value based on its PE Ratio (2.1x) compared to the XS Real Estate industry average (17.2x).
PE vs Market: IRCP is good value based on its PE Ratio (2.1x) compared to the AR market (9.1x).
Price to Earnings Growth Ratio
PEG Ratio: IRCP's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: IRCP is good value based on its PB Ratio (0.6x) compared to the XS Real Estate industry average (1x).
Next Steps
Future Growth
How is IRSA Propiedades Comerciales forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
-115.7%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: IRCP's earnings are forecast to decline over the next 3 years (-115.7% per year).
Earnings vs Market: IRCP's earnings are forecast to decline over the next 3 years (-115.7% per year).
High Growth Earnings: IRCP's earnings are forecast to decline over the next 3 years.
Revenue vs Market: IRCP's revenue (31.6% per year) is forecast to grow faster than the AR market (21.8% per year).
High Growth Revenue: IRCP's revenue (31.6% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if IRCP's Return on Equity is forecast to be high in 3 years time
Next Steps
Past Performance
How has IRSA Propiedades Comerciales performed over the past 5 years?
-13.0%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: IRCP has a high level of non-cash earnings.
Growing Profit Margin: IRCP became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: IRCP's earnings have declined by 13% per year over the past 5 years.
Accelerating Growth: IRCP has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: IRCP has become profitable in the last year, making it difficult to compare its past year earnings growth to the Real Estate industry (10.9%).
Return on Equity
High ROE: IRCP's Return on Equity (27.8%) is considered high.
Next Steps
Financial Health
How is IRSA Propiedades Comerciales's financial position?
Financial Position Analysis
Short Term Liabilities: IRCP's short term assets (ARS6.5B) do not cover its short term liabilities (ARS10.2B).
Long Term Liabilities: IRCP's short term assets (ARS6.5B) do not cover its long term liabilities (ARS63.7B).
Debt to Equity History and Analysis
Debt Level: IRCP's debt to equity ratio (41.6%) is considered high.
Reducing Debt: IRCP's debt to equity ratio has reduced from 426.6% to 41.6% over the past 5 years.
Debt Coverage: IRCP's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: IRCP's interest payments on its debt are not well covered by EBIT (0.7x coverage).
Balance Sheet
Next Steps
Dividend
What is IRSA Propiedades Comerciales's current dividend yield, its reliability and sustainability?
1.24%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: IRCP's dividend (1.24%) is higher than the bottom 25% of dividend payers in the AR market (1.21%).
High Dividend: IRCP's dividend (1.24%) is low compared to the top 25% of dividend payers in the AR market (2.93%).
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: With its low payout ratio (2.7%), IRCP's dividend payments are thoroughly covered by earnings.
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?
0.7yrs
Average management tenure
CEO
Daniel Ricardo Elsztain (48 yo)
0.33
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
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & President | 27.08yrs | no data | 0.035% ARS 16.6m | |
| CEO & GM of Real Estate Operations & Investments | 0.33yr | no data | 0.017% ARS 8.3m | |
| Executive Vice Chairman | 18.08yrs | no data | 0.63% ARS 299.3m | |
| Chief Financial & Administrative Officer | 9.17yrs | no data | 0.00079% ARS 374.3k | |
| Chief Operating Officer | 0.33yr | no data | 0.0016% ARS 753.3k | |
| Chief Investment Officer | 1.08yrs | no data | 0.0048% ARS 2.3m | |
| Secretary | no data | no data | no data |
0.7yrs
Average Tenure
54yo
Average Age
Experienced Management: IRCP's management team is not considered experienced ( 0.7 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & President | 27.08yrs | no data | 0.035% ARS 16.6m | |
| Executive Vice Chairman | 18.08yrs | no data | 0.63% ARS 299.3m | |
| Regular Director | 23.08yrs | no data | no data | |
| First Vice Chairman | 18.08yrs | no data | no data | |
| Member of Supervisory Committee | 16.08yrs | no data | no data | |
| Regular Director | 14.08yrs | no data | no data | |
| Member of Supervisory Committee | 11.08yrs | no data | no data | |
| Alternate Director | 18.08yrs | no data | no data | |
| Independent Director | 5.08yrs | no data | no data | |
| Independent Director | 4.08yrs | no data | no data | |
| Independent Director | 2.08yrs | no data | no data | |
| Non-Independent Regular Director | 0.33yr | no data | no data |
15.1yrs
Average Tenure
59yo
Average Age
Experienced Board: IRCP's board of directors are seasoned and experienced ( 15.1 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 company bio, 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
- Market Cap: AR$47.379b
- Shares outstanding: 126.34m
- 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
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| IRCP | BASE (Buenos Aires Stock Exchange) | Yes | Common Stock | AR | ARS | Oct 1998 |
| IRCP | NasdaqGS (Nasdaq Global Select) | SPON ADR EACH REPR ORD | US | USD | Nov 2000 | |
| A9P | BST (Boerse-Stuttgart) | SPON ADR EACH REPR ORD | DE | EUR | Nov 2000 |
Biography
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 op...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/02/24 22:06 |
| End of Day Share Price | 2021/02/24 00:00 |
| Earnings | 2020/12/31 |
| Annual Earnings | 2020/06/30 |
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.