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 1 887.4 590 586.8 481.9 491.9 571.6 - -
Change - -33.52% -0.54% -17.87% 2.08% 16.2% - -
Enterprise Value (EV) 1 1,500 1,235 1,146 1,031 1,024 1,099 1,088 1,091
Change - -17.69% -7.17% -10.09% -0.64% 7.31% -0.97% 0.26%
P/E 13.1x -50.6x -5.06x -70x 9.87x 8.47x 6.99x 7.6x
PBR 1.01x 0.7x 0.84x 0.72x 0.71x 0.76x 0.68x 0.63x
PEG - 0x -0x 0.7x -0x 0.2x 0.3x -0.96x
Capitalization / Revenue 11.1x 6.95x 6.68x 5.65x 5.76x 7.04x 6.74x 6.45x
EV / Revenue 18.8x 14.6x 13x 12.1x 12x 13.5x 12.8x 12.3x
EV / EBITDA 29x 22.8x 20.5x 19.4x 18.8x 16.7x 15.1x 14.9x
EV / EBIT 18.4x 250x -13.1x 61.8x 13.8x 10.8x 9.23x 9.52x
EV / FCF 45.9x 37.2x 23.2x 24.8x 22.4x 32.1x 24.5x 23.7x
FCF Yield 2.18% 2.69% 4.31% 4.03% 4.47% 3.11% 4.08% 4.23%
Dividend per Share 2 0.0599 0.0511 0.0445 0.0408 0.0489 0.0522 0.0569 0.0585
Rate of return 3.57% 4.59% 4.02% 4.48% 5.21% 4.79% 5.22% 5.37%
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% 40.6% 36.5% 40.8%
Net sales 1 79.74 84.86 87.85 85.27 85.46 81.23 84.87 88.6
EBITDA 1 51.72 54.21 56.01 53.22 54.56 65.9 72.07 73.37
EBIT 1 81.43 4.939 -87.8 16.69 74.03 102.2 118 114.6
Net income 1 67.55 -11.82 -116 -6.676 49.75 66.93 80.13 94.35
Net Debt 1 613.1 645 559.6 548.8 532.2 527.4 516.7 519.5
Reference price 2 1.676 1.114 1.108 0.910 0.938 1.090 1.090 1.090
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.($)
8.44x13.5x16.65x4.81% 660M
33.93x11.35x18.66x3.87% 25.92B
50.11x10.4x17.54x4.27% 24.41B
48.1x12.88x19.43x3.66% 18.15B
33.91x8.8x16.77x4.02% 17.59B
35.86x9.56x16.98x4.64% 15.28B
54.41x8.52x19.08x3.75% 14.45B
31.46x10.03x20.54x3.36% 12.43B
36.06x9.15x17.16x3.86% 12.19B
40.21x10.53x17.74x4.61% 11.98B
Average 37.25x 10.47x 18.05x 4.09% 15.31B
Weighted average by Cap. 40.67x 10.30x 18.18x 4.01%

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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