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IRSA Inversiones y Representaciones Sociedad Anónima

NYSE:IRS
Snowflake Description

Reasonable growth potential second-rate dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
IRS
NYSE
ARS25B
Market Cap
  1. Home
  2. US
  3. Real Estate
Company description

IRSA Inversiones y Representaciones Sociedad Anónima engages in the diversified real estate activities in Argentina. The last earnings update was 81 days ago. More info.


Add to Portfolio Compare Print
  • IRSA Inversiones y Representaciones Sociedad Anónima has significant price volatility in the past 3 months.
IRS Share Price and Events
7 Day Returns
6%
NYSE:IRS
-0.4%
US Real Estate
-1.4%
US Market
1 Year Returns
-52%
NYSE:IRS
-15.8%
US Real Estate
1.6%
US Market
IRS Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
IRSA Inversiones y Representaciones Sociedad Anónima (IRS) 6% 1% -26.3% -52% -34.9% -38%
US Real Estate -0.4% -8.9% -10.6% -15.8% 14.9% 0.8%
US Market -1.4% -3.9% 0.1% 1.6% 33.2% 38.2%
1 Year Return vs Industry and Market
  • IRS underperformed the Real Estate industry which returned -15.8% over the past year.
  • IRS underperformed the Market in United States of America which returned 1.6% over the past year.
Price Volatility
IRS
Industry
5yr Volatility vs Market
Related Companies

Sorry, no analysis for IRSA Inversiones y Representaciones Sociedad Anónima's competitors could be found in our database.

Value

 Is IRSA Inversiones y Representaciones Sociedad Anónima undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of IRSA Inversiones y Representaciones Sociedad Anónima to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for IRSA Inversiones y Representaciones Sociedad Anónima.

NYSE:IRS Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 2 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 14.7%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NYSE:IRS
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Real Estate Unlevered Beta Simply Wall St/ S&P Global 1.11
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.111 (1 + (1- 30%) (1091.33%))
6.761
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (2 * 5.96%)
14.65%

Discounted Cash Flow Calculation for NYSE:IRS using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for IRSA Inversiones y Representaciones Sociedad Anónima is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

NYSE:IRS DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (ARS, Millions) Source Present Value
Discounted (@ 14.65%)
2019 5,471.39 Est @ -38.12% 4,772.25
2020 4,056.32 Est @ -25.86% 3,085.92
2021 3,355.18 Est @ -17.29% 2,226.35
2022 2,976.69 Est @ -11.28% 1,722.81
2023 2,766.02 Est @ -7.08% 1,396.32
2024 2,651.64 Est @ -4.14% 1,167.54
2025 2,596.60 Est @ -2.08% 997.21
2026 2,580.14 Est @ -0.63% 864.27
2027 2,589.82 Est @ 0.38% 756.66
2028 2,617.83 Est @ 1.08% 667.12
Present value of next 10 years cash flows ARS17,656.45
NYSE:IRS DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= ARS2,617.83 × (1 + 2.73%) ÷ (14.65% – 2.73%)
ARS22,561.25
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ARS22,561.25 ÷ (1 + 14.65%)10
ARS5,749.40
NYSE:IRS Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ARS17,656.45 + ARS5,749.40
ARS23,405.85
Equity Value per Share
(ARS)
= Total value / Shares Outstanding
= ARS23,405.85 / 573.77
ARS40.79
NYSE:IRS Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in NYSE:IRS represents 0.22121x of BASE:IRSA
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.22121x
Value per Share
(Listing Adjusted, USD)
= Value per Share (ARS) x Listing Adjustment Factor
= ARS 40.79 x 0.22121
$9.02
Value per share (USD) From above. $9.02
Current discount Discount to share price of $9.70
= -1 x ($9.70 - $9.02) / $9.02
-7.5%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of IRSA Inversiones y Representaciones Sociedad Anónima is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for IRSA Inversiones y Representaciones Sociedad Anónima's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are IRSA Inversiones y Representaciones Sociedad Anónima's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NYSE:IRS PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in ARS ARS-21.86
BASE:IRSA Share Price ** BASE (2019-05-24) in ARS ARS43.85
United States of America Real Estate Industry PE Ratio Median Figure of 26 Publicly-Listed Real Estate Companies 15.15x
United States of America Market PE Ratio Median Figure of 3,086 Publicly-Listed Companies 17.45x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of IRSA Inversiones y Representaciones Sociedad Anónima.

NYSE:IRS PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BASE:IRSA Share Price ÷ EPS (both in ARS)

= 43.85 ÷ -21.86

-2.01x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • IRSA Inversiones y Representaciones Sociedad Anónima is loss making, we can't compare its value to the US Real Estate industry average.
  • IRSA Inversiones y Representaciones Sociedad Anónima is loss making, we can't compare the value of its earnings to the United States of America market.
Price based on expected Growth
Does IRSA Inversiones y Representaciones Sociedad Anónima's expected growth come at a high price?
Raw Data
NYSE:IRS PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -2.01x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
111.7%per year
United States of America Real Estate Industry PEG Ratio Median Figure of 12 Publicly-Listed Real Estate Companies 0.44x
United States of America Market PEG Ratio Median Figure of 2,121 Publicly-Listed Companies 1.51x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for IRSA Inversiones y Representaciones Sociedad Anónima, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on IRSA Inversiones y Representaciones Sociedad Anónima's assets?
Raw Data
NYSE:IRS PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in ARS ARS73.58
BASE:IRSA Share Price * BASE (2019-05-24) in ARS ARS43.85
United States of America Real Estate Industry PB Ratio Median Figure of 51 Publicly-Listed Real Estate Companies 1.45x
United States of America Market PB Ratio Median Figure of 5,208 Publicly-Listed Companies 1.8x
NYSE:IRS PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BASE:IRSA Share Price ÷ Book Value per Share (both in ARS)

= 43.85 ÷ 73.58

0.6x

* Primary Listing of IRSA Inversiones y Representaciones Sociedad Anónima.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • IRSA Inversiones y Representaciones Sociedad Anónima is good value based on assets compared to the US Real Estate industry average.
X
Value checks
We assess IRSA Inversiones y Representaciones Sociedad Anónima's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Real Estate industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Real Estate industry average (and greater than 0)? (1 check)
  5. IRSA Inversiones y Representaciones Sociedad Anónima has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is IRSA Inversiones y Representaciones Sociedad Anónima expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
111.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is IRSA Inversiones y Representaciones Sociedad Anónima expected to grow at an attractive rate?
  • IRSA Inversiones y Representaciones Sociedad Anónima's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • IRSA Inversiones y Representaciones Sociedad Anónima's earnings growth is expected to exceed the United States of America market average.
  • Unable to compare IRSA Inversiones y Representaciones Sociedad Anónima's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
NYSE:IRS Future Growth Rates Data Sources
Data Point Source Value (per year)
NYSE:IRS Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 111.7%
United States of America Real Estate Industry Earnings Growth Rate Market Cap Weighted Average 3.9%
United States of America Real Estate Industry Revenue Growth Rate Market Cap Weighted Average 4.7%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.7%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NYSE:IRS Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in ARS Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:IRS Future Estimates Data
Date (Data in ARS Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-06-30 1,888
2020-06-30 18,601 1,770
2019-06-30 11,225 414
NYSE:IRS Past Financials Data
Date (Data in ARS Millions) Revenue Cash Flow Net Income *
2018-12-31 35,708 9,515 -12,569
2018-09-30 33,049 15,135 -3,632
2018-06-30 32,367 14,339 2,524
2018-03-31 18,437 17,048 7,804
2017-12-31 14,053 15,913 6,522
2017-09-30 21,275 9,122 4,149
2017-06-30 27,113 9,059 -1,063
2017-03-31 68,131 7,687 9,765
2016-12-31 66,515 8,401 10,519
2016-09-30 48,706 6,340 9,354
2016-06-30 12,781 4,126 8,156
2016-03-31 19,902 2,862 257

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • IRSA Inversiones y Representaciones Sociedad Anónima's earnings are expected to grow significantly at over 20% yearly.
  • Unable to determine if IRSA Inversiones y Representaciones Sociedad Anónima is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NYSE:IRS Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

All data from IRSA Inversiones y Representaciones Sociedad Anónima Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:IRS Future Estimates Data
Date (Data in ARS Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-06-30
2020-06-30
2019-06-30
NYSE:IRS Past Financials Data
Date (Data in ARS Millions) EPS *
2018-12-31 -21.86
2018-09-30 -6.32
2018-06-30 4.39
2018-03-31 13.59
2017-12-31 11.34
2017-09-30 7.20
2017-06-30 -1.85
2017-03-31 16.99
2016-12-31 18.29
2016-09-30 16.25
2016-06-30 14.18
2016-03-31 0.45

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • IRSA Inversiones y Representaciones Sociedad Anónima is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess IRSA Inversiones y Representaciones Sociedad Anónima's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
IRSA Inversiones y Representaciones Sociedad Anónima has a total score of 4/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has IRSA Inversiones y Representaciones Sociedad Anónima performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare IRSA Inversiones y Representaciones Sociedad Anónima's growth in the last year to its industry (Real Estate).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • IRSA Inversiones y Representaciones Sociedad Anónima does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare IRSA Inversiones y Representaciones Sociedad Anónima's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare IRSA Inversiones y Representaciones Sociedad Anónima's 1-year growth to the US Real Estate industry average as it is not currently profitable.
Earnings and Revenue History
IRSA Inversiones y Representaciones Sociedad Anónima's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from IRSA Inversiones y Representaciones Sociedad Anónima Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:IRS Past Revenue, Cash Flow and Net Income Data
Date (Data in ARS Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 35,708.00 -12,569.00 8,703.00
2018-09-30 33,049.00 -3,632.00 8,453.00
2018-06-30 32,367.00 2,524.00 8,255.00
2018-03-31 18,437.00 7,804.00 5,972.00
2017-12-31 14,053.00 6,522.00 4,689.00
2017-09-30 21,275.00 4,149.00 5,928.00
2017-06-30 27,113.00 -1,063.00 7,035.00
2017-03-31 68,131.00 9,765.00 16,798.00
2016-12-31 66,515.00 10,519.00 15,188.00
2016-09-30 48,706.00 9,354.00 11,043.00
2016-06-30 12,781.00 8,156.00 3,317.00
2016-03-31 19,902.00 257.00 3,244.00
2015-12-31 3,718.00 28.00 543.00
2015-09-30 2,768.58 242.74 487.61
2015-06-30 3,179.00 2,459.00 463.00
2015-03-31 1,973.50 -939.46 446.95
2014-12-31 2,039.29 -759.81 470.24
2014-09-30 2,449.39 -815.61 384.86
2014-06-30 2,431.00 -786.00 362.00
2014-03-31 2,695.49 -173.93 353.30
2013-12-31 2,494.49 -6.72 306.73
2013-09-30 2,340.45 229.98 315.56
2013-06-30 2,179.79 238.74 239.86
2013-03-31 2,066.74 347.91 245.92
2012-12-31 1,967.25 346.12 247.61
2012-09-30 1,887.40 357.06 218.43
2012-06-30 1,801.98 203.89 259.12

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if IRSA Inversiones y Representaciones Sociedad Anónima has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if IRSA Inversiones y Representaciones Sociedad Anónima has efficiently used its assets last year compared to the US Real Estate industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if IRSA Inversiones y Representaciones Sociedad Anónima improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess IRSA Inversiones y Representaciones Sociedad Anónima's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Real Estate industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
IRSA Inversiones y Representaciones Sociedad Anónima has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is IRSA Inversiones y Representaciones Sociedad Anónima's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up IRSA Inversiones y Representaciones Sociedad Anónima's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • IRSA Inversiones y Representaciones Sociedad Anónima is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • IRSA Inversiones y Representaciones Sociedad Anónima's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of IRSA Inversiones y Representaciones Sociedad Anónima's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is not covered by short term assets, assets are 0.3x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from IRSA Inversiones y Representaciones Sociedad Anónima Company Filings, last reported 4 months ago.

NYSE:IRS Past Debt and Equity Data
Date (Data in ARS Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 91,195.00 274,578.00 53,216.00
2018-09-30 102,990.00 317,128.00 70,788.00
2018-06-30 74,541.00 206,633.00 37,317.00
2018-03-31 59,051.00 161,511.00 32,961.00
2017-12-31 57,806.00 147,395.00 29,495.00
2017-09-30 46,906.00 139,228.00 26,032.00
2017-06-30 47,336.00 129,415.00 24,854.00
2017-03-31 18,852.00 112,278.00 22,379.00
2016-12-31 19,074.00 111,663.00 23,700.00
2016-09-30 13,487.00 105,812.00 15,449.00
2016-06-30 35,856.00 112,932.00 13,866.00
2016-03-31 7,561.00 119,057.00 19,224.00
2015-12-31 5,749.00 99,289.00 13,032.00
2015-09-30 2,581.33 5,583.72 698.22
2015-06-30 13,592.00 4,984.00 375.00
2015-03-31 2,049.71 4,814.18 237.65
2014-12-31 2,228.18 4,740.72 817.14
2014-09-30 2,742.92 4,744.13 1,245.50
2014-06-30 2,556.60 4,493.49 610.59
2014-03-31 2,918.13 4,967.08 244.01
2013-12-31 2,897.32 4,296.11 227.60
2013-09-30 3,193.64 3,772.13 281.19
2013-06-30 3,130.69 3,695.17 796.90
2013-03-31 3,324.21 3,425.71 399.28
2012-12-31 3,171.36 3,343.99 366.04
2012-09-30 3,093.97 2,655.19 281.34
2012-06-30 3,039.77 2,606.29 259.17
  • IRSA Inversiones y Representaciones Sociedad Anónima's level of debt (301.1%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (148.5% vs 301.1% today).
  • Debt is not well covered by operating cash flow (3.5%, less than 20% of total debt).
  • IRSA Inversiones y Representaciones Sociedad Anónima is making a loss, therefore interest payments are not well covered by earnings.
X
Financial health checks
We assess IRSA Inversiones y Representaciones Sociedad Anónima's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. IRSA Inversiones y Representaciones Sociedad Anónima has a total score of 1/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is IRSA Inversiones y Representaciones Sociedad Anónima's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
5.52%
Current annual income from IRSA Inversiones y Representaciones Sociedad Anónima dividends.
If you bought $2,000 of IRSA Inversiones y Representaciones Sociedad Anónima shares you are expected to receive $110 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • IRSA Inversiones y Representaciones Sociedad Anónima's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.47%).
  • IRSA Inversiones y Representaciones Sociedad Anónima's dividend is above the markets top 25% of dividend payers in United States of America (3.75%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NYSE:IRS Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
United States of America Real Estate Industry Average Dividend Yield Market Cap Weighted Average of 16 Stocks 2.8%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2007 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.5%
United States of America Top 25% Dividend Yield 75th Percentile 3.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NYSE:IRS Future Dividends Estimate Data
Date (Data in ARS) Dividend per Share (annual) Avg. No. Analysts
2021-06-30
2020-06-30
2019-06-30
NYSE:IRS Past Annualized Dividends Data
Date (Data in ARS) Dividend per share (annual) Avg. Yield (%)
2018-09-05 2.419 4.827
2017-09-08 2.419 4.837
2012-11-23 0.482 6.003
2012-10-31 0.482 9.177
2012-09-10 0.482 10.598
2012-06-25 0.537 11.661
2011-11-14 0.731 15.393
2011-05-20 0.346 6.805
2011-05-12 0.346 6.063
2010-11-11 0.207 3.382
2009-11-12 0.055 1.289

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of IRSA Inversiones y Representaciones Sociedad Anónima's earnings are paid to the shareholders as a dividend.
  • The company is paying a dividend however it is incurring a loss.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess IRSA Inversiones y Representaciones Sociedad Anónima's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can IRSA Inversiones y Representaciones Sociedad Anónima afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. IRSA Inversiones y Representaciones Sociedad Anónima has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of IRSA Inversiones y Representaciones Sociedad Anónima's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Eduardo Elsztain
AGE 58
TENURE AS CEO 28.3 years
CEO Bio

Mr. Eduardo Sergio Elsztain serves as Chairman Property and Building Corp. Ltd. and serves as its Chief Executive Officer since May 2019. Mr. Elsztain is Chairman of IRSA Inversiones y Representaciones SA and IRSA Commercial Properties. Mr. Elsztain serves as President of the Board and Acting General Manager at BACS Banco de Crédito y Securitización SA. He was the founder of Consultores Asset Management. He is also the Chief Executive Officer and Chairman at IRSA. He also serves as Chairman of Cresud and BrasilAgro. Mr. Elsztain is also Vice-Chairman of Banco Hipotecario SA and of BACS. He is Chairman of IDB Development and at IRSA Propiedades Comerciales S.A. (Formerly known as Alto Palermo S.A.) Mr. Elsztain holds a degree of Economics from the Universidad de Buenos Aires.

CEO Compensation
  • Insufficient data for Eduardo to compare compensation growth.
  • Insufficient data for Eduardo to establish whether their remuneration is reasonable compared to companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the IRSA Inversiones y Representaciones Sociedad Anónima management team in years:

3.3
Average Tenure
52
Average Age
  • The tenure for the IRSA Inversiones y Representaciones Sociedad Anónima management team is about average.
Management Team

Eduardo Elsztain

TITLE
Chairman
AGE
58
TENURE
28.3 yrs

Saul Zang

TITLE
First Vice Chairman & Acting President
AGE
73

Matias Gaivironsky

TITLE
Chief Financial & Administrative Officer
AGE
42
TENURE
2.4 yrs

Daniel Elsztain

TITLE
Chief Real Estate Operating Officer
AGE
46
TENURE
7.3 yrs

Arnaldo Jawerbaum

TITLE
Chief Investment Officer
AGE
52
TENURE
1.5 yrs

Gil Kotler

TITLE
Chief Financial Officer of Israel
AGE
52
TENURE
3.3 yrs

Saul Lapidot

TITLE
Chief Executive Officer of Israel
AGE
39
TENURE
3.3 yrs
Board of Directors Tenure

Average tenure and age of the IRSA Inversiones y Representaciones Sociedad Anónima board of directors in years:

15.3
Average Tenure
58
Average Age
  • The average tenure for the IRSA Inversiones y Representaciones Sociedad Anónima board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Eduardo Elsztain

TITLE
Chairman
AGE
58
TENURE
28.3 yrs

Alejandro Elsztain

TITLE
Second Vice-Chairman
AGE
52
TENURE
12.3 yrs

Saul Zang

TITLE
First Vice Chairman & Acting President
AGE
73
TENURE
10.3 yrs

Daniel Elsztain

TITLE
Chief Real Estate Operating Officer
AGE
46
TENURE
12.3 yrs

Fernando Elsztain

TITLE
Regular Director
AGE
57
TENURE
20.3 yrs

Gary Gladstein

TITLE
Regular Director
AGE
74
TENURE
15.3 yrs

Gabriel Adolfo Reznik

TITLE
Regular Director
AGE
60
TENURE
11.3 yrs

Marcos Fischman

TITLE
Regular Director
AGE
58
TENURE
16.3 yrs

Cedric Bridger

TITLE
Independent Regular Director
AGE
83
TENURE
16.3 yrs

Fernando Rubin

TITLE
Regular Director
AGE
52
TENURE
15.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess IRSA Inversiones y Representaciones Sociedad Anónima's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. IRSA Inversiones y Representaciones Sociedad Anónima has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

IRSA Inversiones y Representaciones Sociedad Anónima engages in the diversified real estate activities in Argentina. It is involved in the acquisition, development, and operation of shopping malls, and office buildings and other non-shopping center properties primarily for rental purposes. The company also acquires and operates hotels; develops and sells residential properties; and acquires undeveloped land reserves for future development or sale. In addition, it engages in the consumer finance operations. The company was founded in 1943 and is headquartered in Buenos Aires, Argentina. IRSA Inversiones y Representaciones Sociedad Anónima is a subsidiary of Cresud Sociedad Anónima Comercial, Inmobiliaria, Financiera y Agropecuaria.

Details
Name: IRSA Inversiones y Representaciones Sociedad Anónima
IRS
Exchange: NYSE
Founded: 1943
ARS559,257,842
573,771,763
Website: http://www.irsa.com.ar
Address: IRSA Inversiones y Representaciones Sociedad Anónima
Intercontinental Plaza Tower,
Floor 22,
Buenos Aires,
Capital Federal, C1091AAQ,
Argentina
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BASE IRSA Common Shares Buenos Aires Stock Exchange AR ARS 19. Oct 1993
NYSE IRS GLOBL DEP RCPT New York Stock Exchange US USD 20. Dec 1994
Number of employees
Current staff
Staff numbers
2,385
IRSA Inversiones y Representaciones Sociedad Anónima employees.
Industry
Real Estate Operating Companies
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/26 23:38
End of day share price update: 2019/05/24 00:00
Last estimates confirmation: 2019/05/09
Last earnings filing: 2019/03/06
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/06/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.