Iron Mountain Incorporated (NYSE: IRM), founded in 1951, is the global leader for storage and information management services.
Established dividend payer and slightly overvalued.
Share Price & News
How has Iron Mountain's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: IRM's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: IRM underperformed the US REITs industry which returned -23.9% over the past year.
Return vs Market: IRM underperformed the US Market which returned -13.3% over the past year.
Price Volatility Vs. Market
How volatile is Iron Mountain's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 year ago | Simply Wall StIs Iron Mountain Incorporated's (NYSE:IRM) ROE Of 8.8% Sustainable?
1 year ago | Simply Wall StWhat You Must Know About Iron Mountain Incorporated's (NYSE:IRM) 7.58% ROE
1 year ago | Simply Wall St5 Days Left Before Iron Mountain Incorporated (NYSE:IRM) Will Start Trading Ex-Dividend, Should You Buy?
Is Iron Mountain undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: IRM ($24.66) is trading below our estimate of fair value ($62.51)
Significantly Below Fair Value: IRM is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: IRM is poor value based on its PE Ratio (26.5x) compared to the REITs industry average (23x).
PE vs Market: IRM is poor value based on its PE Ratio (26.5x) compared to the US market (12.5x).
Price to Earnings Growth Ratio
PEG Ratio: IRM is poor value based on its PEG Ratio (2.2x)
Price to Book Ratio
PB vs Industry: IRM is overvalued based on its PB Ratio (4.8x) compared to the US REITs industry average (1.2x).
How is Iron Mountain forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: IRM's forecast earnings growth (12.2% per year) is above the savings rate (1.7%).
Earnings vs Market: IRM's earnings (12.2% per year) are forecast to grow slower than the US market (13.4% per year).
High Growth Earnings: IRM's earnings are forecast to grow, but not significantly.
Revenue vs Market: IRM's revenue (2.7% per year) is forecast to grow slower than the US market (7% per year).
High Growth Revenue: IRM's revenue (2.7% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: IRM's Return on Equity is forecast to be very high in 3 years time (44.1%).
How has Iron Mountain performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: IRM has high quality earnings.
Growing Profit Margin: IRM's current net profit margins (6.3%) are lower than last year (8.7%).
Past Earnings Growth Analysis
Earnings Trend: IRM's earnings have grown by 16.5% per year over the past 5 years.
Accelerating Growth: IRM's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: IRM had negative earnings growth (-27%) over the past year, making it difficult to compare to the REITs industry average (4.3%).
Return on Equity
High ROE: IRM's Return on Equity (17.5%) is considered low.
How is Iron Mountain's financial position?
Financial Position Analysis
Short Term Liabilities: IRM's short term assets ($1.2B) do not cover its short term liabilities ($1.9B).
Long Term Liabilities: IRM's short term assets ($1.2B) do not cover its long term liabilities ($10.3B).
Debt to Equity History and Analysis
Debt Level: IRM's debt to equity ratio (542.2%) is considered high.
Reducing Debt: IRM's debt to equity ratio has increased from 531.6% to 542.2% over the past 5 years.
Debt Coverage: IRM's debt is not well covered by operating cash flow (11.6%).
Interest Coverage: IRM's interest payments on its debt are not well covered by EBIT (1.9x coverage).
What is Iron Mountain's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: IRM's dividend (10.03%) is higher than the bottom 25% of dividend payers in the US market (2.01%).
High Dividend: IRM's dividend (10.03%) is in the top 25% of dividend payers in the US market (5.66%)
Stability and Growth of Payments
Stable Dividend: IRM's dividends per share have been stable in the past 10 years.
Growing Dividend: IRM's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (135.7%), IRM's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: IRM's dividends in 3 years are forecast to be thoroughly covered by earnings (0.3% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Bill Meaney (59yo)
Mr. William L. Meaney, also known as Bill, BSc, MEng, MSIA, serves as Director of State Street Corporation since March 29, 2018. Mr. Meaney serves as Director at State Street Bank and Trust Company (Boston ...
CEO Compensation Analysis
Compensation vs Market: Bill's total compensation ($USD11.29M) is above average for companies of similar size in the US market ($USD7.61M).
Compensation vs Earnings: Bill's compensation has been consistent with company performance over the past year.
|EVP & CTO||3.08yrs||US$1.79m||0.010% $711.3k|
|EVP & GM of Global Records and Information Management||5.83yrs||US$2.79m||0.026% $1.9m|
|Executive VP & CFO||0.25yr||no data||no data|
|Executive VP & Chief Operating Officer||2.25yrs||US$1.46m||0.026% $1.8m|
|Chief Accounting Officer & Senior VP||2.5yrs||no data||0.0024% $173.9k|
|Chief Information Officer||no data||no data||no data|
|Senior Vice President of Investor Relations||1.5yrs||no data||no data|
|Executive VP||3.33yrs||no data||0.013% $952.7k|
|Senior Manager of Corporate Communications||no data||no data||no data|
Experienced Management: IRM's management team is considered experienced (2.8 years average tenure).
|Independent Director||9.58yrs||US$257.31k||0.023% $1.6m|
|Independent Director||22.42yrs||US$275.50k||0.70% $49.6m|
|Independent Director||6.67yrs||US$268.50k||0.0081% $575.7k|
|Independent Director||10.58yrs||US$252.50k||0.0082% $583.5k|
|Independent Director||22.25yrs||US$272.07k||0.053% $3.7m|
|Independent Chairman||7.08yrs||US$377.00k||0.0058% $410.3k|
|Independent Director||8.83yrs||US$253.50k||0.0034% $241.4k|
|Independent Director||5.92yrs||US$279.12k||0.0088% $623.3k|
|Independent Director||5.58yrs||US$253.50k||0.0047% $335.1k|
Experienced Board: IRM's board of directors are considered experienced (8 years average tenure).
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.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Iron Mountain Incorporated's company bio, employee growth, exchange listings and data sources
- Name: Iron Mountain Incorporated
- Ticker: IRM
- Exchange: NYSE
- Founded: 1951
- Industry: Specialized REITs
- Sector: Real Estate
- Market Cap: US$7.099b
- Shares outstanding: 287.87m
- Website: https://www.ironmountain.com
Number of Employees
- Iron Mountain Incorporated
- One Federal Street
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|IRM||NYSE (New York Stock Exchange)||Yes||Common Stock||US||USD||Jul 1997|
|I5M||DB (Deutsche Boerse AG)||Yes||Common Stock||DE||EUR||Jul 1997|
|0JDP||LSE (London Stock Exchange)||Yes||Common Stock||GB||USD||Jul 1997|
|I1RM34||BOVESPA (Bolsa de Valores de Sao Paulo)||BDR EACH 1 REPR 1 SHS UNSPON||BR||BRL||Jan 2020|
Iron Mountain Incorporated (NYSE: IRM), founded in 1951, is the global leader for storage and information management services. Trusted by more than 225,000 organizations around the world, and with a real estate network of more than 90 million square feet across nearly 1,450 facilities in approximately 50 countries, Iron Mountain stores and protects billions of valued assets, including critical business information, highly sensitive data, and cultural and historical artifacts. Providing solutions that include secure records storage, information management, digital transformation, secure destruction, as well as data centers, cloud services and art storage and logistics, Iron Mountain helps customers lower cost and risk, comply with regulations, recover from disaster, and enable a more digital way of working.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/04/08 00:59|
|End of Day Share Price||2020/04/07 00:00|
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.