Company Valuation: Irish Residential Properties REIT plc

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 887.4 590 586.8 481.9 491.9 589.5 - -
Change - -33.52% -0.54% -17.87% 2.08% 19.83% - -
Enterprise Value (EV) 1 1,500 1,235 1,146 1,031 1,024 1,130 1,135 1,135
Change - -17.69% -7.17% -10.09% -0.64% 10.29% 0.49% 0.01%
P/E 13.1x -50.6x -5.06x -70x 9.87x 8.74x 7.21x 7.83x
PBR 1.01x 0.7x 0.84x 0.72x 0.71x 0.8x 0.74x 0.69x
PEG - 0x -0x 0.7x -0x 0.2x 0.3x -0.98x
Capitalization / Revenue 11.1x 6.95x 6.68x 5.65x 5.76x 7.27x 6.96x 6.67x
EV / Revenue 18.8x 14.6x 13x 12.1x 12x 13.9x 13.4x 12.8x
EV / EBITDA 29x 22.8x 20.5x 19.4x 18.8x 17.2x 15.8x 15.5x
EV / EBIT 18.4x 250x -13.1x 61.8x 13.8x 11.1x 9.63x 9.92x
EV / FCF 45.9x 37.2x 23.2x 24.8x 22.4x 33x 25.6x 24.6x
FCF Yield 2.18% 2.69% 4.31% 4.03% 4.47% 3.03% 3.91% 4.06%
Dividend per Share 2 0.0599 0.0511 0.0445 0.0408 0.0489 0.0519 0.0565 0.0585
Rate of return 3.57% 4.59% 4.02% 4.48% 5.21% 4.62% 5.03% 5.2%
EPS 2 0.128 -0.022 -0.219 -0.013 0.095 0.1286 0.1559 0.1435
Distribution rate 46.8% -232% -20.3% -314% 51.5% 40.3% 36.3% 40.8%
Net sales 1 79.74 84.86 87.85 85.27 85.46 81.07 84.73 88.43
EBITDA 1 51.72 54.21 56.01 53.22 54.56 65.77 71.93 73.2
EBIT 1 81.43 4.939 -87.8 16.69 74.03 102 117.8 114.4
Net income 1 67.55 -11.82 -116 -6.676 49.75 66.77 80 94.1
Net Debt 1 613.1 645 559.6 548.8 532.2 540 545.5 545.7
Reference price 2 1.676 1.114 1.108 0.910 0.938 1.124 1.124 1.124
Nbr of stocks (in thousands) 529,454 529,579 529,579 529,579 524,442 524,442 - -
Announcement Date 23/02/22 24/02/23 23/02/24 20/02/25 19/02/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
33.09x11.66x19.2x3.73% 27.07B
50.56x10.72x18.04x4.13% 25.6B
48.46x13.22x19.87x3.54% 18.84B
38.05x8.77x16.86x4.08% 17.49B
39.16x9.5x16.98x4.62% 15.45B
54.29x8.24x18.57x3.71% 14.79B
42x10.96x17.56x4.4% 12.83B
32.37x10.14x21.02x3.29% 12.81B
43.87x9.02x16.99x3.94% 11.91B
Average 42.43x 10.25x 18.34x 3.94% 17.42B
Weighted average by Cap. 42.43x 10.45x 18.40x 3.93%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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  5. Valuation Irish Residential Properties REIT plc