Iron Mountain
Market Cap
US$11.0b
Last Updated
2021/04/17 22:10 UTC
Data Sources
Company Financials +
Executive Summary
Iron Mountain Incorporated (NYSE: IRM), founded in 1951, is the global leader for storage and information management services. More Details
Rewards
Risk Analysis
Snowflake Analysis
Established dividend payer with proven track record.
Similar Companies
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 is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: IRM's weekly volatility (6%) has been stable over the past year.
Market Performance
7 Day Return
1.0%
IRM
2.4%
US REITs
1.3%
US Market
1 Year Return
52.2%
IRM
26.1%
US REITs
53.9%
US Market
Return vs Industry: IRM exceeded the US REITs industry which returned 26.1% over the past year.
Return vs Market: IRM underperformed the US Market which returned 53.9% over the past year.
Shareholder returns
| IRM | Industry | Market | |
|---|---|---|---|
| 7 Day | 1.0% | 2.4% | 1.3% |
| 30 Day | 6.2% | 4.8% | 5.3% |
| 90 Day | 26.7% | 13.5% | 8.9% |
| 1 Year | 65.1%52.2% | 31.4%26.1% | 56.6%53.9% |
| 3 Year | 43.5%14.1% | 46.3%28.7% | 64.4%53.6% |
| 5 Year | 51.9%6.9% | 53.3%22.4% | 120.4%95.7% |
Long-Term 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
3 days ago | Simply Wall St
Does Iron Mountain (NYSE:IRM) Deserve A Spot On Your Watchlist?3 weeks ago | Simply Wall St
Have Insiders Sold Iron Mountain Incorporated (NYSE:IRM) Shares Recently?1 month ago | Simply Wall St
What Type Of Shareholders Own The Most Number of Iron Mountain Incorporated (NYSE:IRM) Shares?Valuation
Is Iron Mountain undervalued compared to its fair value and its price relative to the market?
44.3%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: IRM ($38.04) is trading below our estimate of fair value ($68.26)
Significantly Below Fair Value: IRM is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: IRM is good value based on its PE Ratio (32x) compared to the US REITs industry average (47.1x).
PE vs Market: IRM is poor value based on its PE Ratio (32x) compared to the US market (22.5x).
Price to Earnings Growth Ratio
PEG Ratio: IRM is poor value based on its PEG Ratio (2.1x)
Price to Book Ratio
PB vs Industry: IRM is overvalued based on its PB Ratio (9.6x) compared to the US REITs industry average (1.8x).
Future Growth
How is Iron Mountain forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?
15.3%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: IRM's forecast earnings growth (15.3% per year) is above the savings rate (2%).
Earnings vs Market: IRM's earnings (15.3% per year) are forecast to grow slower than the US market (18.1% per year).
High Growth Earnings: IRM's earnings are forecast to grow, but not significantly.
Revenue vs Market: IRM's revenue (4% per year) is forecast to grow slower than the US market (9.3% per year).
High Growth Revenue: IRM's revenue (4% 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 (72.7%).
Past Performance
How has Iron Mountain performed over the past 5 years?
21.3%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: IRM has a large one-off gain of $78.6M impacting its December 31 2020 financial results.
Growing Profit Margin: IRM's current net profit margins (8.3%) are higher than last year (6.3%).
Past Earnings Growth Analysis
Earnings Trend: IRM's earnings have grown significantly by 21.3% per year over the past 5 years.
Accelerating Growth: IRM's earnings growth over the past year (28%) exceeds its 5-year average (21.3% per year).
Earnings vs Industry: IRM earnings growth over the past year (28%) exceeded the REITs industry -4.4%.
Return on Equity
High ROE: Whilst IRM's Return on Equity (28.67%) is high, this metric is skewed due to their high level of debt.
Financial Health
How is Iron Mountain's financial position?
Financial Position Analysis
Short Term Liabilities: IRM's short term assets ($1.3B) do not cover its short term liabilities ($2.0B).
Long Term Liabilities: IRM's short term assets ($1.3B) do not cover its long term liabilities ($11.0B).
Debt to Equity History and Analysis
Debt Level: IRM's debt to equity ratio (698.5%) is considered high.
Reducing Debt: IRM's debt to equity ratio has reduced from 917.7% to 698.5% over the past 5 years.
Debt Coverage: IRM's debt is not well covered by operating cash flow (11.8%).
Interest Coverage: IRM's interest payments on its debt are not well covered by EBIT (1.9x coverage).
Balance Sheet
Dividend
What is Iron Mountain current dividend yield, its reliability and sustainability?
6.50%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: IRM's dividend (6.5%) is higher than the bottom 25% of dividend payers in the US market (1.24%).
High Dividend: IRM's dividend (6.5%) is in the top 25% of dividend payers in the US market (3.46%)
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 (224.6%), 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 covered by earnings (81.6% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
3.3yrs
Average management tenure
CEO
Bill Meaney (60 yo)
8.25yrs
Tenure
US$12,281,609
Compensation
Mr. William L. Meaney, also known as Bill, BSc, MEng, MSIA, serves as Director of State Street Corporation since March 29, 2018. Mr. Meaney serves as Director at State Street Bank and Trust Company (Boston...
CEO Compensation Analysis
Compensation vs Market: Bill's total compensation ($USD12.28M) is about average for companies of similar size in the US market ($USD11.14M).
Compensation vs Earnings: Bill's compensation has been consistent with company performance over the past year.
Leadership Team
Experienced Management: IRM's management team is considered experienced (3.3 years average tenure).
Board Members
Experienced Board: IRM's board of directors are considered experienced (7.9 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: IRM insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Iron Mountain Incorporated's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Iron Mountain Incorporated
- Ticker: IRM
- Exchange: NYSE
- Founded: 1951
- Industry: Specialized REITs
- Sector: Real Estate
- Market Cap: US$10.962b
- Shares outstanding: 288.71m
- Website: https://www.ironmountain.com
Number of Employees
Location
- Iron Mountain Incorporated
- One Federal Street
- Boston
- Massachusetts
- 2110
- United States
Listings
Biography
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 e...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/04/17 22:10 |
| End of Day Share Price | 2021/04/16 00:00 |
| Earnings | 2020/12/31 |
| Annual Earnings | 2020/12/31 |
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.