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$54.94|
|52 Week High||US$58.61|
|52 Week Low||US$41.67|
|1 Month Change||-1.38%|
|3 Month Change||12.88%|
|1 Year Change||26.18%|
|3 Year Change||79.25%|
|5 Year Change||55.81%|
|Change since IPO||765.62%|
Recent News & Updates
Iron Mountain: To The Top
I can’t help but have an affinity for Iron Mountain. Since my initial investment in July of 2018, the security has a total return of 111%. Furthermore, as a former US Army 10th Mountain Division “Winter Warrior” Mountaineer, I feel like part of the team! “To The Top” is the 10th Mountain’s motto, and after reviewing Iron Mountain’s earnings release today, I believe that is exactly where the REIT is headed. In the following piece, I will expound on the key positives from the report and provide my thoughts on what may lie ahead for the name.
Iron Mountain: Sustainable Capital Allocation Amid Data Center Consolidation
In this high inflation environment where the cost of borrowing is expected to rise through the central bank's actions, it is important to assess the outlook for indebted REITs like Iron Mountain. For this purpose, I found that its diversification into data centers has not necessarily translated into higher debt issuance. It is also growing more rapidly and generating more returns than a larger incumbent, with the latest acquisition pointing towards more synergistic growth with other larger revenue segments. Thus, I value the company by taking into consideration the sales metric, which shows that a 13% upside is possible. The risk as seen on Friday when the stock suffered from a 1% downside is volatility following uncertainty about the way the Fed seems to be fighting inflation.
|IRM||US REITs||US Market|
Return vs Industry: IRM exceeded the US REITs industry which returned 1.4% over the past year.
Return vs Market: IRM exceeded the US Market which returned -10.2% over the past year.
|IRM Average Weekly Movement||4.9%|
|REITs Industry Average Movement||4.4%|
|Market Average Movement||7.8%|
|10% most volatile stocks in US Market||17.0%|
|10% least volatile stocks in US Market||2.8%|
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
4.5%Current Dividend Yield
Does IRM pay a reliable dividends?See IRM dividend history and benchmarks
|Iron Mountain dividend dates|
|Ex Dividend Date||Jun 14 2022|
|Dividend Pay Date||Jul 06 2022|
|Days until Ex dividend||16 days|
|Days until Dividend pay date||38 days|
Does IRM pay a reliable dividends?See IRM dividend history and benchmarks
Is Iron Mountain undervalued compared to its fair value and its price relative to the market?
Valuation Score 2/6
Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PB vs Industry
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: IRM ($54.94) is trading below our estimate of fair value ($104.74)
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 Price-To-Earnings Ratio (35.7x) compared to the US REITs industry average (33.5x).
PE vs Market: IRM is poor value based on its Price-To-Earnings Ratio (35.7x) compared to the US market (15.6x).
Price to Earnings Growth Ratio
PEG Ratio: IRM is poor value based on its PEG Ratio (5.9x)
Price to Book Ratio
PB vs Industry: IRM is overvalued based on its Price-To-Book Ratio (21.1x) compared to the US REITs industry average (1.7x).
How is Iron Mountain forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?
Future Growth Score1/6
Future Growth Score 1/6
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 (6% per year) is above the savings rate (1.9%).
Earnings vs Market: IRM's earnings (6% per year) are forecast to grow slower than the US market (13.2% 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 (8.1% 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
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.
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 ($13.1B).
Debt to Equity History and Analysis
Debt Level: IRM's net debt to equity ratio (1165.3%) is considered high.
Reducing Debt: IRM's debt to equity ratio has increased from 322% to 1188.8% over the past 5 years.
Debt Coverage: IRM's debt is not well covered by operating cash flow (7.5%).
Interest Coverage: IRM's interest payments on its debt are not well covered by EBIT (2.2x coverage).
What is Iron Mountain current dividend yield, its reliability and sustainability?
Dividend Score 5/6
Future Dividend Coverage
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: IRM's dividend (4.5%) is higher than the bottom 25% of dividend payers in the US market (1.49%).
High Dividend: IRM's dividend (4.5%) is in the top 25% of dividend payers in the US market (3.92%)
Stability and Growth of Payments
Stable Dividend: IRM's dividends per share have been stable in the past 10 years.
Growing Dividend: IRM's dividend payments have increased over the past 10 years.
Earnings Payout to Shareholders
Earnings Coverage: With its high payout ratio (109.9%), IRM's dividend payments are not well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its high cash payout ratio (1465.3%), IRM's dividend payments are not well covered by cash flows.
Discover strong dividend paying companies
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Bill Meaney (61 yo)
Mr. William L. Meaney, also known as Bill, BSc, MEng, MSIA, serves as Director of State Street Corporation since March 29, 2018. Mr. Meaney serves as Director at State Street Bank and Trust Company (Boston...
CEO Compensation Analysis
Compensation vs Market: Bill's total compensation ($USD17.05M) is above average for companies of similar size in the US market ($USD13.06M).
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 (4.3 years average tenure).
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 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$15.963b
- 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||2022/05/28 00:00|
|End of Day Share Price||2022/05/27 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.