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IRSA Inversiones y Representaciones Sociedad Anónima

Executive Summary

IRSA Inversiones y Representaciones Sociedad Anónima engages in the diversified real estate activities in Argentina. More Details


Snowflake Analysis

Fair value with acceptable track record.


Similar Companies

Share Price & News

How has IRSA Inversiones y Representaciones Sociedad Anónima's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: IRSA is more volatile than 90% of AR stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: IRSA'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

-4.9%

IRSA

-0.2%

AR Real Estate

-2.6%

AR Market


1 Year Return

33.6%

IRSA

-21.8%

AR Real Estate

25.5%

AR Market

Return vs Industry: IRSA exceeded the AR Real Estate industry which returned -22.3% over the past year.

Return vs Market: IRSA exceeded the AR Market which returned 25.8% over the past year.


Shareholder returns

IRSAIndustryMarket
7 Day-4.9%-0.2%-2.6%
30 Day-14.5%1.8%-3.3%
90 Day-10.6%-4.5%-13.7%
1 Year35.5%33.6%-20.4%-21.8%26.3%25.5%
3 Year18.8%9.0%0.3%-5.6%33.4%25.0%
5 Year241.8%199.2%33.6%20.8%199.7%162.0%

Long-Term Price Volatility Vs. Market

How volatile is IRSA Inversiones y Representaciones Sociedad Anónima's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is IRSA Inversiones y Representaciones Sociedad Anónima undervalued compared to its fair value and its price relative to the market?

1.82x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: IRSA (ARS58.65) is trading above our estimate of fair value (ARS42.09)

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


Price To Earnings Ratio

PE vs Industry: IRSA is good value based on its PE Ratio (1.8x) compared to the XS Real Estate industry average (17x).

PE vs Market: IRSA is good value based on its PE Ratio (1.8x) compared to the AR market (9.3x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: IRSA is good value based on its PB Ratio (0.5x) compared to the XS Real Estate industry average (1x).


Next Steps

Future Growth

How is IRSA Inversiones y Representaciones Sociedad Anónima forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

31.3%

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 Inversiones y Representaciones Sociedad Anónima 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.


Next Steps

Past Performance

How has IRSA Inversiones y Representaciones Sociedad Anónima performed over the past 5 years?

-49.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: IRSA has a large one-off gain of ARS42.3B impacting its September 30 2020 financial results.

Growing Profit Margin: IRSA became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: IRSA has become profitable over the past 5 years, growing earnings by -49.2% per year.

Accelerating Growth: IRSA has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: IRSA 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: IRSA's Return on Equity (20.5%) is considered high.


Next Steps

Financial Health

How is IRSA Inversiones y Representaciones Sociedad Anónima's financial position?


Financial Position Analysis

Short Term Liabilities: IRSA's short term assets (ARS9.8B) do not cover its short term liabilities (ARS30.1B).

Long Term Liabilities: IRSA's short term assets (ARS9.8B) do not cover its long term liabilities (ARS76.6B).


Debt to Equity History and Analysis

Debt Level: IRSA's debt to equity ratio (60.2%) is considered high.

Reducing Debt: IRSA's debt to equity ratio has reduced from 287.2% to 60.2% over the past 5 years.

Debt Coverage: IRSA's debt is well covered by operating cash flow (42.5%).

Interest Coverage: IRSA's interest payments on its debt are not well covered by EBIT (0.8x coverage).


Balance Sheet


Next Steps

Dividend

What is IRSA Inversiones y Representaciones Sociedad Anónima current dividend yield, its reliability and sustainability?

1.42%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: IRSA's dividend (1.42%) is higher than the bottom 25% of dividend payers in the AR market (1.18%).

High Dividend: IRSA's dividend (1.42%) is low compared to the top 25% of dividend payers in the AR market (2.91%).


Stability and Growth of Payments

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

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


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (2.6%), IRSA'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?

9.1yrs

Average management tenure


CEO

Eduardo Sergio Elsztain (60 yo)

30.08yrs

Tenure

Mr. Eduardo Sergio Elsztain serves as Non-Executive Vice-Chairman at Austral Gold Limited since August 2020. He served as Chief Executive Officer and Director at Property and Building Corp. Ltd in 2020. He...


Leadership Team

NamePositionTenureCompensationOwnership
Eduardo Sergio Elsztain
Chairman30.08yrsno data17.97%
ARS 6.3b
Saul Zang
First Vice Chairman & Acting President12.08yrsno data0%
ARS 0
Matias Ivan Gaivironsky
Chief Financial & Administrative Officer9.17yrsno data0.0075%
ARS 2.7m
Daniel Ricardo Elsztain
Chief Real Estate Operating Officer14.08yrsno data0.017%
ARS 6.1m
Jorge Cruces
Chief Investment Officer & Investment Manager1.08yrsno data0.0033%
ARS 1.2m
Santiago Donato
Investor Relations Officerno datano datano data
Eran Saar
Chief Executive Officer of Israel1.17yrsno datano data

9.1yrs

Average Tenure

51yo

Average Age

Experienced Management: IRSA's management team is seasoned and experienced (9.1 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Eduardo Sergio Elsztain
Chairman30.08yrsno data17.97%
ARS 6.3b
Saul Zang
First Vice Chairman & Acting President12.08yrsno data0%
ARS 0
Daniel Ricardo Elsztain
Chief Real Estate Operating Officer14.08yrsno data0.017%
ARS 6.1m
Fernando Adrian Elsztain
Director22.08yrsno datano data
Alejandro Gustavo Elsztain
Second Vice-Chairman14.08yrsno data0.40%
ARS 140.2m
Marcos M. Fischman
Director18.08yrsno datano data
Cedric David Bridger
Director18.08yrsno datano data
Mauricio Elias Wior
Director15.08yrsno datano data
Maria Bearzi
Independent Director2.08yrsno datano data
Demian Brener
Independent Director2.08yrsno datano data
Oscar Bergotto
Independent Director2.08yrsno datano data
Liliana De Nadai
Independent Director1.17yrsno datano data

14.1yrs

Average Tenure

59.5yo

Average Age

Experienced Board: IRSA's board of directors are seasoned and experienced ( 14.1 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 Inversiones y Representaciones Sociedad Anónima's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: IRSA Inversiones y Representaciones Sociedad Anónima
  • Ticker: IRSA
  • Exchange: BASE
  • Founded: 1943
  • Industry: Real Estate Operating Companies
  • Sector: Real Estate
  • Market Cap: AR$35.287b
  • Shares outstanding: 573.77m
  • Website: https://www.irsa.com.ar

Number of Employees


Location

  • IRSA Inversiones y Representaciones Sociedad Anónima
  • Intercontinental Plaza Tower
  • Floor 22
  • Buenos Aires
  • Capital Federal
  • C1091AAQ
  • Argentina

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
IRSABASE (Buenos Aires Stock Exchange)YesCommon SharesARARSOct 1993
IRSNYSE (New York Stock Exchange)GLOBL DEP RCPTUSUSDDec 1994

Biography

IRSA Inversiones y Representaciones Sociedad Anónima engages in the diversified real estate activities in Argentina. It is involved in the acquisition, development, and operation of shopping malls, office ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/02/26 22:05
End of Day Share Price2021/02/26 00:00
Earnings2020/09/30
Annual Earnings2020/06/30


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.