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 1 887.4 590 586.8 481.9 491.9 585.3 - -
Change - -33.52% -0.54% -17.87% 2.08% 18.98% - -
Enterprise Value (EV) 1 1,500 1,235 1,146 1,031 1,024 1,151 1,102 1,105
Change - -17.69% -7.17% -10.09% -0.64% 12.41% -4.29% 0.25%
P/E 13.1x -50.6x -5.06x -70x 9.87x 19.6x 7.15x 7.78x
PBR 1.01x 0.7x 0.84x 0.72x 0.71x 0.78x 0.7x 0.64x
PEG - 0x -0x 0.7x -0x -0.5x 0x -0.97x
Capitalization / Revenue 11.1x 6.95x 6.68x 5.65x 5.76x 6.76x 6.91x 6.61x
EV / Revenue 18.8x 14.6x 13x 12.1x 12x 13.3x 13x 12.5x
EV / EBITDA 29x 22.8x 20.5x 19.4x 18.8x 21.4x 15.3x 15.1x
EV / EBIT 18.4x 250x -13.1x 61.8x 13.8x 11.3x 9.34x 9.64x
EV / FCF 45.9x 37.2x 23.2x 24.8x 22.4x 33.7x 24.8x 24x
FCF Yield 2.18% 2.69% 4.31% 4.03% 4.47% 2.97% 4.02% 4.17%
Dividend per Share 2 0.0599 0.0511 0.0445 0.0408 0.0489 0.049 0.057 0.0585
Rate of return 3.57% 4.59% 4.02% 4.48% 5.21% 4.39% 5.11% 5.24%
EPS 2 0.128 -0.022 -0.219 -0.013 0.095 0.057 0.156 0.1435
Distribution rate 46.8% -232% -20.3% -314% 51.5% 86% 36.5% 40.8%
Net sales 1 79.74 84.86 87.85 85.27 85.46 86.6 84.73 88.6
EBITDA 1 51.72 54.21 56.01 53.22 54.56 53.7 72.23 73.37
EBIT 1 81.43 4.939 -87.8 16.69 74.03 101.9 118 114.6
Net income 1 67.55 -11.82 -116 -6.676 49.75 30.1 80.13 94.35
Net Debt 1 613.1 645 559.6 548.8 532.2 566 516.7 519.5
Reference price 2 1.676 1.114 1.108 0.910 0.938 1.116 1.116 1.116
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.($)
19.58x13.29x21.44x4.39% 683M
51.11x12.96x19.81x3.55% 18.77B
30.55x8.86x16.96x3.98% 17.84B
-48.15x9.19x20.27x3.55% 15.34B
36.01x9.45x16.77x4.65% 15.31B
31.76x10.12x20.72x3.31% 12.68B
36.23x9.19x17.24x3.81% 12.44B
37.99x10.64x17.31x4.55% 12.26B
92.27x9.54x17.1x3.92% 11.1B
Average 31.93x 10.36x 18.62x 3.97% 12.94B
Weighted average by Cap. 31.56x 10.09x 18.35x 3.91%

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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