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 1 887.4 590 586.8 481.9 491.9 569.5 - -
Change - -33.52% -0.54% -17.87% 2.08% 15.78% - -
Enterprise Value (EV) 1 1,500 1,235 1,146 1,031 1,024 1,097 1,086 1,089
Change - -17.69% -7.17% -10.09% -0.64% 7.1% -0.98% 0.26%
P/E 13.1x -50.6x -5.06x -70x 9.87x 8.44x 6.97x 7.57x
PBR 1.01x 0.7x 0.84x 0.72x 0.71x 0.75x 0.68x 0.62x
PEG - 0x -0x 0.7x -0x 0.2x 0.3x -0.95x
Capitalization / Revenue 11.1x 6.95x 6.68x 5.65x 5.76x 7.01x 6.71x 6.43x
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 16.6x 15.1x 14.8x
EV / EBIT 18.4x 250x -13.1x 61.8x 13.8x 10.7x 9.21x 9.51x
EV / FCF 45.9x 37.2x 23.2x 24.8x 22.4x 32.1x 24.5x 23.6x
FCF Yield 2.18% 2.69% 4.31% 4.03% 4.47% 3.12% 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% 4.81% 5.24% 5.39%
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 1.086 1.086 1.086
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 (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
8.55x13.59x16.76x4.75% 667M
34.61x11.52x18.94x3.8% 26.75B
50.92x10.55x17.79x4.19% 25.15B
48.93x13.06x19.64x3.6% 18.52B
34.45x8.9x16.95x3.96% 17.94B
36.57x9.72x17.28x4.55% 15.66B
55.27x8.63x19.32x3.69% 14.67B
31.75x10.1x20.69x3.33% 12.65B
36.59x9.2x17.3x3.8% 12.46B
41.01x10.67x17.98x4.52% 12.34B
Average 37.87x 10.59x 18.26x 4.02% 15.68B
Weighted average by Cap. 41.35x 10.44x 18.41x 3.94%

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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