Projected Income Statement: Irish Residential Properties REIT plc

Forecast Balance Sheet: Irish Residential Properties REIT plc

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Net Debt 1 613 645 560 549 532 566 517 519
Change - 5.22% -13.18% -1.96% -3.1% 6.35% -8.66% 0.39%
Announcement Date 23/02/22 24/02/23 23/02/24 20/02/25 19/02/26 - - -
1EUR in Million
Estimates

Cash Flow Forecast: Irish Residential Properties REIT plc

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
CAPEX 1 20.36 13.4 - - 11.34 11.9 12 12.1
Change - -34.19% - - - 4.94% 0.84% 0.83%
Free Cash Flow (FCF) 1 32.72 33.18 49.41 41.56 45.74 34.2 44.35 46.1
Change - 1.41% 48.9% -15.89% 10.07% -25.23% 29.68% 3.95%
Announcement Date 23/02/22 24/02/23 23/02/24 20/02/25 19/02/26 - - -
1EUR in Million
Estimates

Forecast Financial Ratios: Irish Residential Properties REIT plc

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028

Profitability

        
EBITDA Margin (%) 64.85% 63.89% 63.76% 62.41% 63.83% 62.01% 85.25% 82.81%
EBIT Margin (%) 102.12% 5.82% -99.93% 19.57% 86.62% 117.67% 139.22% 129.31%
EBT Margin (%) 84.7% -13.98% -130.32% -7.86% 58.15% 78.18% 92.05% 84.31%
Net margin (%) 84.7% -13.93% -132.05% -7.83% 58.21% 34.76% 94.57% 106.49%
FCF margin (%) 41.03% 39.1% 56.24% 48.73% 53.52% 39.49% 52.34% 52.03%
FCF / Net Income (%) 48.44% -280.74% -42.59% -622.48% 91.94% 113.62% 55.35% 48.86%

Profitability

        
ROA - - - - 2.32% 7.8% 9.3% 7.8%
ROE 4.3% 4.25% 3.69% 4.24% 4.32% 3.8% 10.13% 8.63%

Financial Health

        
Leverage (Debt/EBITDA) 11.85x 11.9x 9.99x 10.31x 9.76x 10.54x 7.15x 7.08x
Debt / Free cash flow 18.74x 19.44x 11.33x 13.21x 11.64x 16.55x 11.65x 11.27x

Capital Intensity

        
CAPEX / Current Assets (%) 25.54% 15.79% - - 13.27% 13.74% 14.16% 13.66%
CAPEX / EBITDA (%) 39.38% 24.72% - - 20.79% 22.16% 16.61% 16.49%
CAPEX / FCF (%) 62.23% 40.39% - - 24.79% 34.8% 27.06% 26.25%

Items per share

        
Cash flow per share 1 - - - - - - - -
Change - - - - - - - -
Dividend per Share 1 0.0599 0.0511 0.0445 0.0408 0.0489 0.049 0.057 0.0585
Change - -14.69% -12.92% -8.31% 19.85% 0.2% 16.33% 2.63%
Book Value Per Share 1 1.665 1.6 1.317 1.262 1.317 1.422 1.594 1.744
Change - -3.9% -17.69% -4.18% 4.36% 7.97% 12.06% 9.44%
EPS 1 0.128 -0.022 -0.219 -0.013 0.095 0.057 0.156 0.1435
Change - -117.19% -895.45% 94.06% 830.77% -40% 173.68% -8.01%
Nbr of stocks (in thousands) 529,454 529,579 529,579 529,579 524,442 524,442 524,442 524,442
Announcement Date 23/02/22 24/02/23 23/02/24 20/02/25 19/02/26 - - -
1EUR
Estimates
2026 *2027 *
P/E 19.2x 7.01x
PBR 0.77x 0.69x
EV / Sales 13.2x 12.9x
Yield 4.48% 5.21%

EPS & Dividend

Y-o-Y evolution of P/E

Year-on-year evolution of the Yield

Trader
Investor
Global
Quality
ESG MSCI
A
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
4
Last Close Price
1.094EUR
Average target price
1.452EUR
Spread / Average Target
+32.77%

Annual profits - Rate of surprise

  1. Stock Market
  2. Stocks
  3. IRES Stock
  4. IRES Stock
  5. Financials Irish Residential Properties REIT plc