Iren SpA Logo

Iren SpA

IRE.MI

(3.0)
Stock Price

1,98 EUR

3.43% ROA

9.48% ROE

9.63x PER

Market Cap.

2.552.034.892,00 EUR

6.62% DER

5.53% Yield

3.95% NPM

Iren SpA Stock Analysis

Iren SpA Fundamental Analysis

Fundamental analysis in stock investing is like studying the foundation of a house before buying it. It involves looking at a company's financial health, like its earnings, assets, and debts, to determine if it's a good investment based on its fundamental strength and potential for growth.

Iren SpA Fundamental Stock Analysis
# Analysis Rating
1 PBV

With a remarkably low PBV ratio (0.93x), the stock offers substantial upside potential at a bargain price.

2 DER

The stock has a minimal amount of debt (7%) relative to its ownership, showcasing a strong financial position and lower risk for investors.

3 Dividend Growth

With a history of consistent dividend increases over the last five years, the company has proven to be a reliable choice for investors seeking steady income.

4 Dividend

With a solid track record of dividend payments over the past five years, the company has established itself as a dependable choice for investors seeking consistent income.

5 ROE

ROE in an average range (9.02%) suggests satisfactory profitability and decent utilization of shareholders' equity.

6 ROA

The stock's ROA (3.19%) indicates that it's doing well in making money from the things it owns. This makes it a good option to invest and make consistent profits.

7 Graham Number

The company's Graham number indicates that it is undervalued compared to its stock price, suggesting a potentially favorable investment opportunity.

8 Buffet Intrinsic Value

The company's stock presents an enticing opportunity as it appears undervalued (47) by Warren Buffett's formula, indicating that its intrinsic value exceeds the market price.

9 Revenue Growth

Company has experienced no growth in revenue over the past three years, suggesting limited profitability and making it a less desirable investment opportunity.

10 Net Profit Growth

Over the past five years, this company's net profit has failed to exhibit any growth, indicating a stagnant financial performance and making it a less favorable choice for potential investors.

11 Assets Growth

Regrettably, this company's revenue has shown no signs of growth over the past three years, suggesting limited potential for returns and making it a less appealing choice.

Iren SpA Technical Analysis

Technical analysis in stock investing is like reading the patterns on a weather map to predict future weather conditions. It involves studying past stock price movements and trading volumes to make predictions about where a stock's price might go next, without necessarily looking at the company's financial health.

Iren SpA Technical Stock Analysis
# Analysis Recommendation
1 Awesome Oscillator Buy
2 MACD Buy
3 RSI Hold
4 Stoch RSI Sell

Iren SpA Price Chart

Financial Statements

Financial statements are like report cards for companies. They show how much money a company makes (income statement), what it owns and owes (balance sheet), and where it spends its money (cash flow statement), helping stock investors understand if a company is healthy and worth investing in.

Income Statements

An income statement for a company is like a scoreboard for its profits and losses. It shows how much money the company made (revenue) and how much it spent to make that money (expenses), helping stock investors see if a company is making a profit or not.

Revenue in stock investing is the total amount of money a company earns from its sales, and it's a key factor that investors consider to assess a company's financial performance and growth potential.

Iren SpA Revenue
Year Revenue Growth
2003 728.152.710
2004 914.335.667 20.36%
2005 1.148.745.000 20.41%
2006 2.506.999.000 54.18%
2007 2.434.008.000 -3%
2008 2.355.634.000 -3.33%
2009 2.022.735.000 -16.46%
2010 2.600.075.000 22.2%
2011 3.254.248.000 20.1%
2012 4.210.090.000 22.7%
2013 3.394.121.000 -24.04%
2014 2.768.990.000 -22.58%
2015 3.055.552.000 9.38%
2016 3.234.721.000 5.54%
2017 3.687.346.000 12.28%
2018 4.009.421.000 8.03%
2019 4.236.415.000 5.36%
2020 3.682.295.000 -15.05%
2021 4.909.531.000 25%
2022 7.754.010.000 36.68%
2023 5.360.944.000 -44.64%
2023 6.301.581.000 14.93%

Research and Development Expenses are the costs a company incurs to create and improve its products or services, which can be important for investors to evaluate a company's innovation and potential for future growth.

Iren SpA Research and Development Expenses
Year Research and Development Expenses Growth
2003 0
2004 0 0%
2005 0 0%
2006 0 0%
2007 0 0%
2008 0 0%
2009 0 0%
2010 0 0%
2011 0 0%
2012 0 0%
2013 0 0%
2014 0 0%
2015 0 0%
2016 0 0%
2017 0 0%
2018 0 0%
2019 0 0%
2020 0 0%
2021 0 0%
2022 4.416.000 100%
2023 0 0%
2023 4.847.000 100%

General and Administrative Expenses are the costs a company incurs to run its day-to-day operations, such as office rent, salaries, and utilities, which investors consider to understand a company's overall efficiency and management effectiveness.

Iren SpA General and Administrative Expenses
Year General and Administrative Expenses Growth
2003 0
2004 0 0%
2005 73.331.000 100%
2006 702.446.000 89.56%
2007 692.361.000 -1.46%
2008 621.289.000 -11.44%
2009 602.222.000 -3.17%
2010 0 0%
2011 24.721.000 100%
2012 6.913.000 -257.6%
2013 9.088.000 23.93%
2014 10.745.000 15.42%
2015 9.620.000 -11.69%
2016 17.822.000 46.02%
2017 14.586.000 -22.19%
2018 14.630.000 0.3%
2019 19.359.000 24.43%
2020 14.171.000 -36.61%
2021 0 0%
2022 0 0%
2023 0 0%
2023 0 0%

EBITDA stands for Earnings Before Interest, Taxes, Depreciation, and Amortization. It is a measure that helps stock investors analyze a company's profitability by looking at its earnings without considering certain expenses. This helps to get a clearer picture of the company's financial performance and its ability to generate cash flow.

Iren SpA EBITDA
Year EBITDA Growth
2003 168.379.309
2004 162.342.631 -3.72%
2005 189.950.000 14.53%
2006 293.186.000 35.21%
2007 315.949.000 7.2%
2008 410.626.000 23.06%
2009 381.887.000 -7.53%
2010 523.668.000 27.07%
2011 391.773.000 -33.67%
2012 632.303.000 38.04%
2013 670.474.000 5.69%
2014 571.677.000 -17.28%
2015 688.779.000 17%
2016 835.703.000 17.58%
2017 867.134.000 3.62%
2018 956.780.000 9.37%
2019 903.345.000 -5.92%
2020 921.548.000 1.98%
2021 974.265.000 5.41%
2022 980.333.000 0.62%
2023 988.780.000 0.85%
2023 1.065.317.000 7.18%

Gross profit is the money a company makes from selling its products or services after subtracting the cost of producing or providing them, and it is an important measure for investors to understand a company's profitability.

Iren SpA Gross Profit
Year Gross Profit Growth
2003 235.185.287
2004 236.739.569 0.66%
2005 524.876.000 54.9%
2006 1.050.765.000 50.05%
2007 1.012.698.000 -3.76%
2008 921.956.000 -9.84%
2009 890.985.000 -3.48%
2010 536.864.000 -65.96%
2011 660.475.000 18.72%
2012 878.916.000 24.85%
2013 955.026.000 7.97%
2014 849.613.000 -12.41%
2015 1.116.569.000 23.91%
2016 1.230.006.000 9.22%
2017 1.277.001.000 3.68%
2018 1.393.510.000 8.36%
2019 1.400.667.000 0.51%
2020 1.404.998.000 0.31%
2021 1.540.828.000 8.82%
2022 1.558.280.000 1.12%
2023 1.394.696.000 -11.73%
2023 521.284.000 -167.55%

Net income in stock investing is like the money a company actually gets to keep as profit after paying all its bills, and it's an important measure to understand how well a company is doing financially.

Iren SpA Net Profit
Year Net Profit Growth
2003 27.419.733
2004 41.652.262 34.17%
2005 62.657.000 33.52%
2006 82.875.000 24.4%
2007 114.860.000 27.85%
2008 114.644.000 -0.19%
2009 11.888.000 -864.37%
2010 150.390.000 92.1%
2011 -99.278.000 251.48%
2012 152.559.000 165.08%
2013 80.554.000 -89.39%
2014 85.795.000 6.11%
2015 118.193.000 27.41%
2016 173.980.000 32.07%
2017 237.720.000 26.81%
2018 242.116.000 1.82%
2019 236.578.000 -2.34%
2020 239.172.000 1.08%
2021 303.172.000 21.11%
2022 226.017.000 -34.14%
2023 135.692.000 -66.57%
2023 254.845.000 46.76%

EPS, or earnings per share, is a measure that shows how much profit a company has earned for each outstanding share of its stock, and it is important for stock investors as it helps understand the profitability of a company and compare it with other companies in the market.

Iren SpA Earning per Share (EPS)
Year Earning per Share (EPS) Growth
2003 0
2004 0 0%
2005 0 0%
2006 0 0%
2007 0 0%
2008 0 0%
2009 0 0%
2010 0 0%
2011 0 0%
2012 0 0%
2013 0 0%
2014 0 0%
2015 0 0%
2016 0 0%
2017 0 0%
2018 0 0%
2019 0 0%
2020 0 0%
2021 0 0%
2022 0 0%
2023 0 0%
2023 0 0%

Cashflow Statements

Cashflow statements show the movement of money in and out of a company, helping stock investors understand how much money a company makes and spends. By examining cashflow statements, investors can assess if a company is generating enough cash to pay its bills, invest in growth, and provide returns to stockholders.

Free cash flow is the leftover cash that a company generates after covering its operating expenses and capital expenditures, which is important for stock investors as it shows how much money a company has available to invest in growth, pay dividends, or reduce debt.

Iren SpA Free Cashflow
Year Free Cashflow Growth
2003 -93.558.267
2004 -116.320.738 19.57%
2005 -38.115.000 -205.18%
2006 -84.404.000 54.84%
2007 -85.668.000 1.48%
2008 -77.122.000 -11.08%
2009 -51.992.000 -48.33%
2010 -155.725.000 66.61%
2011 -310.231.000 49.8%
2012 38.822.000 899.11%
2013 121.144.000 67.95%
2014 73.314.000 -65.24%
2015 219.937.000 66.67%
2016 335.830.000 34.51%
2017 302.595.000 -10.98%
2018 330.913.000 8.56%
2019 200.666.000 -64.91%
2020 136.363.000 -47.16%
2021 192.697.000 29.23%
2022 185.492.000 -3.88%
2023 10.749.000 -1625.67%

Operating cash flow represents the cash generated or consumed by a company's day-to-day operations, excluding external investing or financing activities, and is crucial for stock investors as it shows how much cash a company is generating from its core business operations.

Iren SpA Operating Cashflow
Year Operating Cashflow Growth
2003 53.966.733
2004 53.775.262 -0.36%
2005 110.225.000 51.21%
2006 82.220.000 -34.06%
2007 109.377.000 24.83%
2008 258.432.000 57.68%
2009 237.757.000 -8.7%
2010 334.414.000 28.9%
2011 183.023.000 -82.72%
2012 378.571.000 51.65%
2013 472.682.000 19.91%
2014 330.233.000 -43.14%
2015 487.499.000 32.26%
2016 605.813.000 19.53%
2017 659.894.000 8.2%
2018 777.897.000 15.17%
2019 724.651.000 -7.35%
2020 821.513.000 11.79%
2021 950.472.000 13.57%
2022 1.083.057.000 12.24%
2023 202.739.000 -434.21%

Capex, short for capital expenditures, refers to the money a company spends on acquiring or upgrading tangible assets like buildings, equipment, or technology, which is important for stock investors as it indicates how much a company is investing in its infrastructure to support future growth and profitability.

Iren SpA Capital Expenditure
Year Capital Expenditure Growth
2003 147.525.000
2004 170.096.000 13.27%
2005 148.340.000 -14.67%
2006 166.624.000 10.97%
2007 195.045.000 14.57%
2008 335.554.000 41.87%
2009 289.749.000 -15.81%
2010 490.139.000 40.88%
2011 493.254.000 0.63%
2012 339.749.000 -45.18%
2013 351.538.000 3.35%
2014 256.919.000 -36.83%
2015 267.562.000 3.98%
2016 269.983.000 0.9%
2017 357.299.000 24.44%
2018 446.984.000 20.06%
2019 523.985.000 14.7%
2020 685.150.000 23.52%
2021 757.775.000 9.58%
2022 897.565.000 15.57%
2023 191.990.000 -367.51%

Balance Sheet

Balance sheets provide a snapshot of a company's financial health and its assets (such as cash, inventory, and property) and liabilities (like debts and obligations) at a specific point in time. For stock investors, balance sheets help assess the company's overall worth and evaluate its ability to meet financial obligations and support future growth.

Equity refers to the ownership interest or stake that shareholders have in a company, representing their claim on its assets and earnings after all debts and liabilities are paid.

Iren SpA Equity
Year Equity Growth
2003 645.789.200
2004 679.018.794 4.89%
2005 718.946.000 5.55%
2006 1.097.766.000 34.51%
2007 1.151.484.000 4.67%
2008 1.325.708.000 13.14%
2009 1.251.384.000 -5.94%
2010 1.852.030.000 32.43%
2011 1.631.331.000 -13.53%
2012 1.739.855.000 6.24%
2013 1.772.501.000 1.84%
2014 1.763.219.000 -0.53%
2015 1.823.863.000 3.33%
2016 1.957.786.000 6.84%
2017 2.122.130.000 7.74%
2018 2.562.371.000 17.18%
2019 2.651.529.000 3.36%
2020 2.763.528.000 4.05%
2021 2.950.660.000 6.34%
2022 3.191.154.000 7.54%
2023 3.189.038.000 -0.07%

Assets represent the valuable resources that a company owns, such as cash, inventory, property, and equipment, and understanding a company's assets helps investors assess its value and potential for generating future profits.

Iren SpA Assets
Year Assets Growth
2003 1.650.299.538
2004 1.870.820.589 11.79%
2005 2.181.750.000 14.25%
2006 3.813.820.000 42.79%
2007 3.962.374.000 3.75%
2008 4.310.684.000 8.08%
2009 4.394.395.000 1.9%
2010 6.793.452.000 35.31%
2011 7.023.312.000 3.27%
2012 7.033.125.000 0.14%
2013 6.996.105.000 -0.53%
2014 6.907.079.000 -1.29%
2015 6.888.389.000 -0.27%
2016 7.796.606.000 11.65%
2017 7.895.788.000 1.26%
2018 8.568.133.000 7.85%
2019 8.799.858.000 2.63%
2020 9.554.265.000 7.9%
2021 10.310.454.000 7.33%
2022 11.717.059.000 12%
2023 10.962.853.000 -6.88%

Liabilities refer to the financial obligations or debts that a company owes to creditors or external parties, and understanding a company's liabilities is important for investors as it helps assess the company's financial risk and ability to meet its obligations.

Iren SpA Liabilities
Year Liabilities Growth
2003 755.608.915
2004 959.021.275 21.21%
2005 1.462.804.000 34.44%
2006 2.459.888.000 40.53%
2007 2.542.376.000 3.24%
2008 2.850.708.000 10.82%
2009 3.007.792.000 5.22%
2010 4.711.832.000 36.17%
2011 5.178.606.000 9.01%
2012 5.078.868.000 -1.96%
2013 5.007.078.000 -1.43%
2014 4.913.530.000 -1.9%
2015 4.826.723.000 -1.8%
2016 5.508.509.000 12.38%
2017 5.396.985.000 -2.07%
2018 6.005.762.000 10.14%
2019 6.148.329.000 2.32%
2020 6.790.737.000 9.46%
2021 7.359.794.000 7.73%
2022 8.525.905.000 13.68%
2023 7.773.815.000 -9.67%

Iren SpA Financial Ratio (TTM)

Valuation Metrics

Revenue per Share
5.23
Net Income per Share
0.21
Price to Earning Ratio
9.63x
Price To Sales Ratio
0.38x
POCF Ratio
2.3
PFCF Ratio
11.48
Price to Book Ratio
0.92
EV to Sales
0.38
EV Over EBITDA
2.43
EV to Operating CashFlow
2.27
EV to FreeCashFlow
11.36
Earnings Yield
0.1
FreeCashFlow Yield
0.09
Market Cap
2,55 Bil.
Enterprise Value
2,53 Bil.
Graham Number
3.17
Graham NetNet
-5.04

Income Statement Metrics

Net Income per Share
0.21
Income Quality
3.73
ROE
0.1
Return On Assets
0.02
Return On Capital Employed
0.05
Net Income per EBT
0.69
EBT Per Ebit
0.83
Ebit per Revenue
0.07
Effective Tax Rate
0.22

Margins

Sales, General, & Administrative to Revenue
0
Research & Developement to Revenue
0
Stock Based Compensation to Revenue
0
Gross Profit Margin
0.25
Operating Profit Margin
0.07
Pretax Profit Margin
0.06
Net Profit Margin
0.04

Dividends

Dividend Yield
0.06
Dividend Yield %
5.53
Payout Ratio
0.67
Dividend Per Share
0.11

Operating Metrics

Operating Cashflow per Share
0.87
Free CashFlow per Share
0.17
Capex to Operating CashFlow
-0.8
Capex to Revenue
-0.13
Capex to Depreciation
-2.12
Return on Invested Capital
0.12
Return on Tangible Assets
0.03
Days Sales Outstanding
107.01
Days Payables Outstanding
103.44
Days of Inventory on Hand
5.39
Receivables Turnover
3.41
Payables Turnover
3.53
Inventory Turnover
67.75
Capex per Share
-0.69

Balance Sheet

Cash per Share
-0,16
Book Value per Share
2,15
Tangible Book Value per Share
-0.03
Shareholders Equity per Share
2.15
Interest Debt per Share
0.21
Debt to Equity
0.07
Debt to Assets
0.02
Net Debt to EBITDA
-0.03
Current Ratio
0.99
Tangible Asset Value
-0,04 Bil.
Net Current Asset Value
-5,45 Bil.
Invested Capital
0.07
Working Capital
-0,03 Bil.
Intangibles to Total Assets
0.29
Average Receivables
0,98 Bil.
Average Payables
1,57 Bil.
Average Inventory
77651000
Debt to Market Cap
0.07

Dividends

Dividends in stock investing are like rewards that companies give to their shareholders. They are a portion of the company's profits distributed to investors, typically in the form of cash payments, as a way for them to share in the company's success.

Iren SpA Dividends
Year Dividends Growth
2002 0
2003 0 0%
2004 0 0%
2005 0 0%
2006 0 0%
2007 0 0%
2008 0 0%
2009 0 0%
2010 0 0%
2011 0 0%
2012 0 0%
2013 0 0%
2014 0 0%
2015 0 0%
2016 0 0%
2017 0 0%
2018 0 0%
2019 0 0%
2020 0 0%
2021 0 0%
2022 0 0%
2023 0 0%

Iren SpA Profile

About Iren SpA

Iren SpA, together with its subsidiaries, operates as a multi-utility company in Italy. It operates through Networks, Waste Management, Energy, Market, and Other Services segments. The company produces and distributes electricity primarily from hydroelectric, thermoelectric, cogeneration, and other renewables, as well as distributes natural gas. It distributes electrical energy through 7,849 kilometers of medium and low voltage networks to approximately 725,000 connected users; and natural gas through its network of approximately 8,115 kilometers of high, medium, and low-pressure pipes to approximately 741,000 customers. The company also operates integrated water cycle, which includes 20,088 kilometers of pipeline networks that serve 2.8 million residents; 11,291 kilometers of sewerage networks; and operates treatment plants. In addition, it is involved in the provision of services related to street lighting systems, traffic light systems, heating systems, and electrical and special systems; collection and disposal of waste; snow clearing services; and analysis laboratories, telecommunications, and other services. It operates 23 hydroelectric plants, 7 thermoelectric cogeneration systems, and 1 thermoelectric plant, as well as 95 photovoltaic production plants with an installed capacity of 18 MW. Iren SpA is based in Reggio Emilia, Italy.

CEO
Mr. Paolo Emilio Signorini
Employee
10.000
Address
Via Nubi di Magellano, 30
Reggio Emilia, 42123

Iren SpA Executives & BODs

Iren SpA Executives & BODs
# Name Age
1 Mr. Paolo Emilio Signorini
Chief Executive Officer GM & Director
70
2 Mr. Moris Ferretti
Vice-Chairman
70
3 Maximilian Abraham
Corporate Affairs & Legal Affairs Director
70
4 Ms. Anna Tanganelli
Director of Administration, Finance, Control and M&A
70
5 Mr. Luca Dal Fabbro
Chairman of Board
70
6 Mr. Giulio Domma
Head of Investor Relations
70
7 Mr. Gianluca Bufo
Chief Executive Officer of IrenMercato
70
8 Mr. Giuseppe Bergesio
Chief Executive Officer of Iren Energia
70
9 Mr. Massimo Levrino
Head of Chief Executive Officer Office
70
10 Mr. Eugenio Bertolini
Chief Executive Officer of Iren Ambiente
70

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