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IRE

IrenBIT:IRE Stock Report

Last Price

€2.55

Market Cap

€3.3b

7D

-1.8%

1Y

25.6%

Updated

22 Jan, 2022

Data

Company Financials +
IRE fundamental analysis
Snowflake Score
Valuation3/6
Future Growth2/6
Past Performance5/6
Financial Health4/6
Dividends5/6

IRE Stock Overview

Iren SpA, together with its subsidiaries, operates as a multi-utility company in Italy.

Iren Competitors

Hera

BIT:HER

€5.1b

Ascopiave

BIT:ASC

€760.7m

Acsm-Agam

BIT:ACS

€471.7m

Price History & Performance

Summary of all time highs, changes and price drops for Iren
Historical stock prices
Current Share Price€2.55
52 Week High€2.91
52 Week Low€2.02
Beta0.83
1 Month Change-2.75%
3 Month Change-5.84%
1 Year Change25.62%
3 Year Change19.05%
5 Year Change67.87%
Change since IPO-20.56%

Recent News & Updates

Jan 18
The Returns On Capital At Iren (BIT:IRE) Don't Inspire Confidence

The Returns On Capital At Iren (BIT:IRE) Don't Inspire Confidence

If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...

Jan 03
What Does Iren SpA's (BIT:IRE) Share Price Indicate?

What Does Iren SpA's (BIT:IRE) Share Price Indicate?

Iren SpA ( BIT:IRE ), is not the largest company out there, but it saw significant share price movement during recent...

Dec 02
Calculating The Intrinsic Value Of Iren SpA (BIT:IRE)

Calculating The Intrinsic Value Of Iren SpA (BIT:IRE)

How far off is Iren SpA ( BIT:IRE ) from its intrinsic value? Using the most recent financial data, we'll take a look...

Nov 03
We Think Iren (BIT:IRE) Is Taking Some Risk With Its Debt

We Think Iren (BIT:IRE) Is Taking Some Risk With Its Debt

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...

Shareholder Returns

IREIT Integrated UtilitiesIT Market
7D-1.8%-1.0%-1.4%
1Y25.6%18.4%20.8%

Return vs Industry: IRE exceeded the Italian Integrated Utilities industry which returned 18.3% over the past year.

Return vs Market: IRE exceeded the Italian Market which returned 20.8% over the past year.

Price Volatility

Is IRE's price volatile compared to industry and market?
IRE volatility
IRE Average Weekly Movement3.3%
Integrated Utilities Industry Average Movement3.1%
Market Average Movement4.3%
10% most volatile stocks in IT Market7.1%
10% least volatile stocks in IT Market2.7%

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

Volatility Over Time: IRE's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
n/a8,837Gianni Armanihttps://www.gruppoiren.it

Iren SpA, together with its subsidiaries, operates as a multi-utility company in Italy. It operates through Networks, Waste Management, Energy, Market, and Other Services segments. The company produces and distributes electricity primarily from hydro, thermal, and cogeneration sources; and district heat, as well as distributes and sells natural gas.

Iren Fundamentals Summary


Earnings & Revenue

Key profitability statistics from the latest earnings report
IRE income statement (TTM)
Revenue€4.07b
Cost of Revenue€2.64b
Gross Profit€1.43b
Expenses€1.11b
Earnings€323.62m

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

Mar 29, 2022

Earnings per share (EPS)0.25
Gross Margin35.13%
Net Profit Margin7.96%
Debt/Equity Ratio130.9%

How did IRE perform over the long term?

See historical performance and comparison

Dividends

3.7%

Current Dividend Yield

38%

Payout Ratio

Valuation

Is Iren undervalued compared to its fair value and its price relative to the market?

10.11x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: IRE (€2.55) is trading above our estimate of fair value (€2.53)

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


Price To Earnings Ratio

PE vs Industry: IRE is good value based on its PE Ratio (10.1x) compared to the European Integrated Utilities industry average (12.7x).

PE vs Market: IRE is good value based on its PE Ratio (10.1x) compared to the Italian market (19.3x).


Price to Earnings Growth Ratio

PEG Ratio: IRE is poor value based on its PEG Ratio (2.5x)


Price to Book Ratio

PB vs Industry: IRE is good value based on its PB Ratio (1.3x) compared to the XE Integrated Utilities industry average (1.7x).


Future Growth

How is Iren forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?

4.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: IRE's forecast earnings growth (4.1% per year) is above the savings rate (1.8%).

Earnings vs Market: IRE's earnings (4.1% per year) are forecast to grow slower than the Italian market (11% per year).

High Growth Earnings: IRE's earnings are forecast to grow, but not significantly.

Revenue vs Market: IRE's revenue (7.6% per year) is forecast to grow faster than the Italian market (-0.06% per year).

High Growth Revenue: IRE's revenue (7.6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: IRE's Return on Equity is forecast to be low in 3 years time (10.5%).


Past Performance

How has Iren performed over the past 5 years?

6.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: IRE has high quality earnings.

Growing Profit Margin: IRE's current net profit margins (8%) are higher than last year (5.6%).


Past Earnings Growth Analysis

Earnings Trend: IRE's earnings have grown by 6.3% per year over the past 5 years.

Accelerating Growth: IRE's earnings growth over the past year (63%) exceeds its 5-year average (6.3% per year).

Earnings vs Industry: IRE earnings growth over the past year (63%) exceeded the Integrated Utilities industry 11%.


Return on Equity

High ROE: IRE's Return on Equity (12.1%) is considered low.


Financial Health

How is Iren's financial position?


Financial Position Analysis

Short Term Liabilities: IRE's short term assets (€2.0B) exceed its short term liabilities (€1.6B).

Long Term Liabilities: IRE's short term assets (€2.0B) do not cover its long term liabilities (€5.0B).


Debt to Equity History and Analysis

Debt Level: IRE's net debt to equity ratio (112.4%) is considered high.

Reducing Debt: IRE's debt to equity ratio has reduced from 151.9% to 130.9% over the past 5 years.

Debt Coverage: IRE's debt is well covered by operating cash flow (25.9%).

Interest Coverage: IRE's interest payments on its debt are well covered by EBIT (21.9x coverage).


Balance Sheet


Dividend

What is Iren current dividend yield, its reliability and sustainability?

3.72%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: IRE's dividend (3.73%) is higher than the bottom 25% of dividend payers in the Italian market (1.06%).

High Dividend: IRE's dividend (3.73%) is in the top 25% of dividend payers in the Italian market (3.48%)


Stability and Growth of Payments

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

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


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (37.7%), IRE's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: IRE's dividends in 3 years are forecast to be covered by earnings (52.9% payout ratio).


Next Steps

Management

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

1.5yrs

Average management tenure


CEO

Gianni Armani

1

Tenure

Mr. Gianni Vittorio Armani serves as Chief Executive Officer & Director of Iren SpA from 2021.


Leadership Team

Experienced Management: IRE's management team is not considered experienced ( 1.5 years average tenure), which suggests a new team.


Board Members

Experienced Board: IRE's board of directors are not considered experienced ( 2.7 years average tenure), which suggests a new board.


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

Iren SpA's employee growth, exchange listings and data sources


Key Information

  • Name: Iren SpA
  • Ticker: IRE
  • Exchange: BIT
  • Founded: NaN
  • Industry: Multi-Utilities
  • Sector: Utilities
  • Implied Market Cap: €3.272b
  • Shares outstanding: 1.28b
  • Website: https://www.gruppoiren.it

Number of Employees


Location

  • Iren SpA
  • Via Nubi di Magellano, 30
  • Reggio Emilia
  • Reggio Emilia
  • 42123
  • Italy

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/22 19:02
End of Day Share Price2022/01/21 00:00
Earnings2021/09/30
Annual Earnings2020/12/31


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.