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IRSA

IRSA Inversiones y Representaciones Sociedad Anónima BASE:IRSA Stock Report

Last Price

AR$124.75

Market Cap

AR$100.9b

7D

7.1%

1Y

43.6%

Updated

01 Oct, 2022

Data

Company Financials +
IRSA fundamental analysis
Snowflake Score
Valuation1/6
Future Growth2/6
Past Performance0/6
Financial Health3/6
Dividends0/6

IRSA Stock Overview

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

IRSA Inversiones y Representaciones Sociedad Anónima Competitors

Price History & Performance

Summary of all time highs, changes and price drops for IRSA Inversiones y Representaciones Sociedad Anónima
Historical stock prices
Current Share PriceAR$124.75
52 Week HighAR$132.00
52 Week LowAR$82.00
Beta1.5
1 Month Change4.83%
3 Month Change31.80%
1 Year Change43.56%
3 Year Change247.49%
5 Year Change181.29%
Change since IPO4,674.11%

Recent News & Updates

Shareholder Returns

IRSAAR Real EstateAR Market
7D7.1%-0.9%-1.6%
1Y43.6%5.3%74.6%

Return vs Industry: IRSA exceeded the AR Real Estate industry which returned 5.3% over the past year.

Return vs Market: IRSA underperformed the AR Market which returned 74.6% over the past year.

Price Volatility

Is IRSA's price volatile compared to industry and market?
IRSA volatility
IRSA Average Weekly Movement5.8%
Real Estate Industry Average Movement6.1%
Market Average Movement6.9%
10% most volatile stocks in AR Market9.0%
10% least volatile stocks in AR Market5.2%

Stable Share Price: IRSA is less volatile than 75% of AR stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: IRSA's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19431,281Eduardo Sergio Elsztainhttps://www.irsa.com.ar

IRSA Inversiones y Representaciones Sociedad Anónima engages in the diversified real estate activities in Argentina. The company is involved in the acquisition, development, and operation of shopping malls, office buildings, and other non-shopping mall properties primarily for rental purposes. It also develops and sells residential properties; acquires and operates luxury hotels; and acquires undeveloped land reserves for future development or sale.

IRSA Inversiones y Representaciones Sociedad Anónima Fundamentals Summary

How do IRSA Inversiones y Representaciones Sociedad Anónima's earnings and revenue compare to its market cap?
IRSA fundamental statistics
Market CapAR$100.91b
Earnings (TTM)-AR$3.19b
Revenue (TTM)AR$16.24b

6.2x

P/S Ratio

-31.6x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
IRSA income statement (TTM)
RevenueAR$16.24b
Cost of RevenueAR$6.39b
Gross ProfitAR$9.85b
Other ExpensesAR$13.04b
Earnings-AR$3.19b

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)-3.95
Gross Margin60.64%
Net Profit Margin-19.66%
Debt/Equity Ratio49.9%

How did IRSA perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is IRSA undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for IRSA?

Other financial metrics that can be useful for relative valuation.

IRSA key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue10.3x
Enterprise Value/EBITDA29.3x
PEG Ration/a

Price to Sales Ratio vs Peers

How does IRSA's PS Ratio compare to its peers?

IRSA PS Ratio vs Peers
The above table shows the PS ratio for IRSA vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPSEstimated GrowthMarket Cap
Peer Average9.8x
CTIO Consultatio
17.9xn/aAR$122.6b
GTY Gateway Real Estate
62.7xn/a€762.0m
LTE Lighthouse Properties
9.9xn/aR9.4b
000861 Guangdong Highsun GroupLtd
4.4xn/aCN¥5.5b
IRSA IRSA Inversiones y Representaciones Sociedad Anónima
6.2x45.1%AR$100.9b

Price-To-Sales vs Peers: IRSA is good value based on its Price-To-Sales Ratio (6.2x) compared to the peer average (9.8x).


Price to Earnings Ratio vs Industry

How does IRSA's PE Ratio compare vs other companies in the South American Real Estate Industry?

Price-To-Sales vs Industry: IRSA is expensive based on its Price-To-Sales Ratio (6.2x) compared to the South American Real Estate industry average (5x)


Price to Sales Ratio vs Fair Ratio

What is IRSA's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

IRSA PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio6.2x
Fair PS Ration/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate IRSA's Price-To-Sales Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of IRSA when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: IRSA (ARS124.75) is trading above our estimate of fair value (ARS3.92)

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


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


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Future Growth

How is IRSA Inversiones y Representaciones Sociedad Anónima forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

Future Growth Score

2/6

Future Growth Score 2/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


45.1%

Forecasted annual revenue growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if IRSA's forecast earnings growth is above the savings rate (7.7%).

Earnings vs Market: Insufficient data to determine if IRSA's earnings are forecast to grow faster than the AR market

High Growth Earnings: Insufficient data to determine if IRSA's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: IRSA's revenue (45.1% per year) is forecast to grow faster than the AR market (21% per year).

High Growth Revenue: IRSA's revenue (45.1% 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 IRSA's Return on Equity is forecast to be high in 3 years time


Discover growth companies

Past Performance

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

Past Performance Score

0/6

Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


4.2%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: IRSA is currently unprofitable.

Growing Profit Margin: IRSA is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: IRSA is unprofitable, but has reduced losses over the past 5 years at a rate of 4.2% per year.

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

Earnings vs Industry: IRSA is unprofitable, making it difficult to compare its past year earnings growth to the Real Estate industry (35.7%).


Return on Equity

High ROE: IRSA has a negative Return on Equity (-5.4%), as it is currently unprofitable.


Discover strong past performing companies

Financial Health

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

Financial Health Score

3/6

Financial Health Score 3/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Stable Cash Runway

  • Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: IRSA's short term assets (ARS18.0B) do not cover its short term liabilities (ARS25.0B).

Long Term Liabilities: IRSA's short term assets (ARS18.0B) do not cover its long term liabilities (ARS140.3B).


Debt to Equity History and Analysis

Debt Level: IRSA's net debt to equity ratio (45.4%) is considered high.

Reducing Debt: IRSA's debt to equity ratio has reduced from 586.8% to 49.9% over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Whilst unprofitable IRSA has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: IRSA is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 11.4% per year.


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Dividend

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

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage

Dividend Yield vs Market

IRSA Inversiones y Representaciones Sociedad Anónima Dividend Yield vs Market
How does IRSA Inversiones y Representaciones Sociedad Anónima dividend yield compare to the market?
SegmentDividend Yield
Company (IRSA Inversiones y Representaciones Sociedad Anónima)0%
Market Bottom 25% (AR)0.7%
Market Top 25% (AR)4.5%
Industry Average (Real Estate)4.3%
Analyst forecast in 3 Years (IRSA Inversiones y Representaciones Sociedad Anónima)n/a

Notable Dividend: Unable to evaluate IRSA's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate IRSA's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if IRSA's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if IRSA's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: IRSA is not paying a notable dividend for the AR market.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as IRSA has not reported any payouts.


Discover strong dividend paying companies

Management

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

2.8yrs

Average management tenure


CEO

Eduardo Sergio Elsztain (62 yo)

31.67yrs

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 November...


Leadership Team

Experienced Management: IRSA's management team is considered experienced (2.8 years average tenure).


Board Members

Experienced Board: IRSA's board of directors are seasoned and experienced ( 16.2 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

What is the ownership structure of IRSA?
Owner TypeNumber of SharesOwnership Percentage
Private Companies00%
Individual Insiders10,682,5361.3%
Hedge Funds48,879,2006.0%
Institutions100,048,39512.4%
General Public214,994,15126.6%
Public Companies434,263,34653.7%

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 23.2%.


Top Shareholders

Top 25 shareholders own 73.34% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
53.69%
Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria
434,263,346ARS54.2b102.31%no data
6.04%
683 Capital Management, LLC
48,879,200ARS6.1b43.03%1.35%
3.67%
Argentine Social Security Administration
29,696,047ARS3.7b0%0.79%
2.89%
Vr Advisory Services Ltd.
23,361,710ARS2.9b9.31%3.37%
2.83%
Macquarie Investment Management Business Trust
22,915,750ARS2.9b8.43%0.01%
0.97%
Autonomy Capital Research LLP
7,860,580ARS980.6m25.26%13.35%
0.9%
Eduardo Sergio Elsztain
7,315,145ARS912.6m-92.36%no data
0.43%
City of London Investment Management Company Limited
3,489,230ARS435.3m0%0.03%
0.32%
Alejandro Gustavo Elsztain
2,594,464ARS323.7m0%no data
0.32%
Eaton Vance Management
2,573,820ARS321.1m10.94%no data
0.22%
Perry Creek Capital LP
1,795,100ARS223.9m9.38%0.17%
0.17%
Goldman Sachs Asset Management, L.P.
1,408,970ARS175.8m10.67%no data
0.16%
Consultores Asset Management
1,263,190ARS157.6m156.22%63.12%
0.15%
BTG Pactual Asset Management S.A. Distribuidora de Títulos e Valores Mobiliários
1,197,660ARS149.4m35.66%0.01%
0.099%
SEI Investments Company
797,990ARS99.5m9.37%no data
0.089%
Millennium Management LLC
722,080ARS90.1m285.99%no data
0.083%
Mirae Asset Global Investments Co., Ltd
673,680ARS84.0m13.24%no data
0.067%
Saul Zang
540,311ARS67.4m0%no data
0.047%
Voya Investment Management LLC
383,980ARS47.9m10.97%no data
0.046%
Delta Asset Management S.A.
368,957ARS46.0m0%1.84%
0.043%
Clear Harbor Asset Management, LLC
351,520ARS43.9m49.93%0.02%
0.028%
Bankhaus Ellwanger & Geiger, Asset Management Arm
222,430ARS27.7m0%0.22%
0.023%
Matias Ivan Gaivironsky
182,258ARS22.7m0%no data
0.022%
Envestnet Asset Management, Inc.
180,750ARS22.5m-49.53%no data
0.022%
Freestone Capital Management, LLC
180,030ARS22.5m-7.6%no data

Company Information

IRSA Inversiones y Representaciones Sociedad Anónima's 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
  • Implied Market Cap: AR$100.906b
  • Shares outstanding: 808.87m
  • Website: https://www.irsa.com.ar

Number of Employees


Location

  • IRSA Inversiones y Representaciones Sociedad Anónima
  • Carlos M. Della Paolera 261
  • 9th Floor
  • Buenos Aires
  • Capital Federal
  • C1001ADA
  • Argentina


Listings

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

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/10/01 00:00
End of Day Share Price2022/09/30 00:00
Earnings2022/03/31
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.