IRM Stock Overview
Iron Mountain Incorporated (NYSE: IRM), founded in 1951, is the global leader for storage and information management services.
Iron Mountain Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||US$49.46|
|52 Week High||US$58.61|
|52 Week Low||US$41.67|
|1 Month Change||-4.81%|
|3 Month Change||-7.27%|
|1 Year Change||14.60%|
|3 Year Change||58.02%|
|5 Year Change||43.95%|
|Change since IPO||679.27%|
Recent News & Updates
Iron Mountain, Iron Dividend
Iron Mountain is undergoing a transformation from physical storage to digital management. Recent top-line growth illustrates management's ability to navigate a difficult economic backdrop while executing new company strategy. Dividend per share has been stagnant, but expectations are for new dividend growth in the coming years.
I Ran A Stock Scan For Earnings Growth And Iron Mountain (NYSE:IRM) Passed With Ease
It's only natural that many investors, especially those who are new to the game, prefer to buy shares in 'sexy' stocks...
Iron Mountain: Tune Out The Noise And Collect This Steady Check
Iron Mountain has strong pricing power, which has allowed it to generate impressive AFFO/share growth. It's seeing robust leasing trends in its data center business, and management raised leasing guidance. I also highlight the dividend, balance sheet, valuation, and other points worth considering.
|IRM||US REITs||US Market|
Return vs Industry: IRM exceeded the US REITs industry which returned -8.6% over the past year.
Return vs Market: IRM exceeded the US Market which returned -18.5% over the past year.
|IRM Average Weekly Movement||5.2%|
|REITs Industry Average Movement||4.9%|
|Market Average Movement||8.1%|
|10% most volatile stocks in US Market||16.6%|
|10% least volatile stocks in US Market||3.2%|
Stable Share Price: IRM is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: IRM's weekly volatility (5%) has been stable over the past year.
About the Company
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 approximately 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.
Iron Mountain Fundamentals Summary
|IRM fundamental statistics|
Is IRM overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|IRM income statement (TTM)|
|Cost of Revenue||US$1.98b|
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
|Earnings per share (EPS)||1.54|
|Net Profit Margin||9.59%|
How did IRM perform over the long term?See historical performance and comparison
5.0%Current Dividend Yield
Is IRM undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 3/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for IRM?
Other financial metrics that can be useful for relative valuation.
|What is IRM's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does IRM's PE Ratio compare to its peers?
|IRM PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
Price-To-Earnings vs Peers: IRM is expensive based on its Price-To-Earnings Ratio (32.2x) compared to the peer average (30.6x).
Price to Earnings Ratio vs Industry
How does IRM's PE Ratio compare vs other companies in the U.S. REITs Industry?
Price-To-Earnings vs Industry: IRM is expensive based on its Price-To-Earnings Ratio (32.2x) compared to the US REITs industry average (31.6x)
Price to Earnings Ratio vs Fair Ratio
What is IRM's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PE Ratio||32.2x|
|Fair PE Ratio||45.3x|
Price-To-Earnings vs Fair Ratio: IRM is good value based on its Price-To-Earnings Ratio (32.2x) compared to the estimated Fair Price-To-Earnings Ratio (45.3x).
Share Price vs Fair Value
What is the Fair Price of IRM when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: IRM ($49.46) is trading below our estimate of fair value ($104.32)
Significantly Below Fair Value: IRM is trading below fair value by more than 20%.
Price to Earnings Growth Ratio
PEG Ratio: IRM is poor value based on its PEG Ratio (2.1x)
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How is Iron Mountain forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?
Future Growth Score2/6
Future Growth Score 2/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: IRM's forecast earnings growth (15.1% per year) is above the savings rate (1.9%).
Earnings vs Market: IRM's earnings (15.1% per year) are forecast to grow faster than the US market (14% per year).
High Growth Earnings: IRM's earnings are forecast to grow, but not significantly.
Revenue vs Market: IRM's revenue (5.2% per year) is forecast to grow slower than the US market (8.4% per year).
High Growth Revenue: IRM's revenue (5.2% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if IRM's Return on Equity is forecast to be high in 3 years time
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How has Iron Mountain performed over the past 5 years?
Past Performance Score4/6
Past Performance Score 4/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: IRM has high quality earnings.
Growing Profit Margin: IRM's current net profit margins (9.6%) are higher than last year (7.8%).
Past Earnings Growth Analysis
Earnings Trend: IRM's earnings have grown significantly by 21.7% per year over the past 5 years.
Accelerating Growth: IRM's earnings growth over the past year (37.8%) exceeds its 5-year average (21.7% per year).
Earnings vs Industry: IRM earnings growth over the past year (37.8%) underperformed the REITs industry 69.5%.
Return on Equity
High ROE: Whilst IRM's Return on Equity (53.81%) is outstanding, this metric is skewed due to their high level of debt.
Discover strong past performing companies
How is Iron Mountain's financial position?
Financial Health Score0/6
Financial Health Score 0/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: IRM's short term assets ($1.5B) do not cover its short term liabilities ($1.7B).
Long Term Liabilities: IRM's short term assets ($1.5B) do not cover its long term liabilities ($13.1B).
Debt to Equity History and Analysis
Debt Level: IRM's net debt to equity ratio (1165.3%) is considered high.
Reducing Debt: IRM's debt to equity ratio has increased from 322% to 1188.8% over the past 5 years.
Debt Coverage: IRM's debt is not well covered by operating cash flow (7.5%).
Interest Coverage: IRM's interest payments on its debt are not well covered by EBIT (2.2x coverage).
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What is Iron Mountain current dividend yield, its reliability and sustainability?
Dividend Score 5/6
Future Dividend Coverage
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: IRM's dividend (5%) is higher than the bottom 25% of dividend payers in the US market (1.57%).
High Dividend: IRM's dividend (5%) is in the top 25% of dividend payers in the US market (4.24%)
Stability and Growth of Payments
Stable Dividend: IRM's dividends per share have been stable in the past 10 years.
Growing Dividend: IRM's dividend payments have increased over the past 10 years.
Earnings Payout to Shareholders
Earnings Coverage: With its high payout ratio (109.9%), IRM's dividend payments are not well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its high cash payout ratio (1465.3%), IRM's dividend payments are not well covered by cash flows.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Bill Meaney (61 yo)
Mr. William L. Meaney, also known as Bill, BSc, MEng, MSIA, serves as Director of State Street Corporation since March 29, 2018. Mr. Meaney serves as Director at State Street Bank and Trust Company (Boston...
CEO Compensation Analysis
Compensation vs Market: Bill's total compensation ($USD17.05M) is about average for companies of similar size in the US market ($USD13.61M).
Compensation vs Earnings: Bill's compensation has increased by more than 20% in the past year.
Experienced Management: IRM's management team is considered experienced (4.4 years average tenure).
Experienced Board: IRM's board of directors are considered experienced (8.1 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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Iron Mountain Incorporated's employee growth, exchange listings and data sources
- Name: Iron Mountain Incorporated
- Ticker: IRM
- Exchange: NYSE
- Founded: 1951
- Industry: Specialized REITs
- Sector: Real Estate
- Implied Market Cap: US$14.371b
- Shares outstanding: 290.56m
- Website: https://www.ironmountain.com
Number of Employees
- Iron Mountain Incorporated
- One Federal Street
- United States
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/06/26 00:00|
|End of Day Share Price||2022/06/24 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.