IRE Stock Analysis: Iren | MI
Utilities - Diversified | MI, Italy | Market Cap: 3.097m EUR | 12M Return: -6.2% | IT0003027817 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 2.34M
EPS Trend: 85.0%
Rev. Trend: 1.3%
Qual. Beats: 0
Warnings
Tailwinds
No distinct edge detected
Seasonality 11.7 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Iren SpA is an Italian multi-utility company headquartered in Reggio Emilia that operates across the electricity, natural gas, water, and environmental services value chains. The group produces power from hydroelectric, thermoelectric, cogeneration, and photovoltaic sources, and distributes electricity and natural gas through its owned networks to hundreds of thousands of end users. Beyond energy, Iren runs an integrated water cycle serving roughly 3 million residents through extensive pipeline and sewerage infrastructure, and provides complementary municipal and environmental services such as street lighting, waste collection, snow clearing, and telecommunications.
The companys business model is characteristic of Italian multi-utility operators, which typically hold long-term regulated or concession-based franchises granted by municipalities and regional authorities for the distribution of electricity, gas, and water. This structure tends to provide stable, predictable cash flows tied to regulated tariffs and concession renewals, while the diversification across multiple utilities reduces exposure to volatility in any single commodity or end market.
- ARERA tariff revision pressures electricity distribution margins
- Wholesale gas prices fall, boosting integrated utility margins
- PNRR funds accelerate water and grid capex pipeline
| Net Income: 298.7m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.01 > 0.02 and ΔFCF/TA -1.00 > 1.0 |
| NWC/Revenue: -5.67% < 20% (prev -5.71%; Δ 0.04% < -1%) |
| CFO/TA 0.09 > 3% & CFO 1.06b > Net Income 298.7m |
| Net Debt (4.45b) to EBITDA (1.27b): 3.51 < 3 |
| Current Ratio: 0.87 > 1.5 & < 3 |
| Outstanding Shares: last quarter (1.30b) vs 12m ago 1.29% < -2% |
| Gross Margin: 31.62% > 18% (prev 35.78%; Δ -4.16% > 0.5%) |
| Asset Turnover: 48.96% > 50% (prev 54.21%; Δ -5.25% > 0%) |
| Interest Coverage Ratio: 3.92 > 6 (EBIT TTM 537.7m / Interest Expense TTM 137.4m) |
| A: -0.03 (Total Current Assets 2.21b - Total Current Liabilities 2.55b) / Total Assets 12.2b |
| B: 0.03 (Retained Earnings 323.0m / Total Assets 12.2b) |
| C: 0.04 (EBIT TTM 537.7m / Avg Total Assets 12.3b) |
| D: 0.40 (Book Value of Equity 3.44b / Total Liabilities 8.53b) |
| Altman-Z'' = 0.62 = B |
| DSRI: 0.85 (Receivables 1.52b/1.99b, Revenue 6.02b/6.71b) |
| GMI: 1.13 (GM 35.78% / 31.62%) |
| AQI: 1.05 (AQ_t 0.44 / AQ_t-1 0.42) |
| SGI: 0.90 (Revenue 6.02b / 6.71b) |
| TATA: -0.06 (NI 298.7m - CFO 1.06b) / TA 12.2b) |
| Beneish M = -3.08 (Cap -4..+1) = AA |
As of October 18, 2026, the stock is trading at EUR 2.41 with a total of 850,841 shares traded. Over the past week, the price has changed by +1.26%, over one month by -3.75%, over three months by -5.86% and over the past year by -6.16%.
Current recommended Stop Loss: 2.30 (which is 4.6% or 2.2 ATR below the current price).
Iren has no consensus analysts rating.
P/E Trailing = 10.4957
P/E Forward = 5.2854
P/S = 0.4933
P/B = 0.9231
P/EG = 0.4936
Revenue TTM = 6.02b EUR
EBIT TTM = 537.7m EUR
EBITDA TTM = 1.27b EUR
Long Term Debt = 4.53b EUR (from longTermDebt, last quarter)
Short Term Debt = 169.7m EUR (from shortTermDebt, last quarter)
Debt = 4.77b EUR (from shortLongTermDebtTotal, last quarter) + Leases 14.5m
Net Debt = 4.45b EUR (calculated: Debt 4.77b - CCE 321.2m)
Enterprise Value = 7.55b EUR (3.10b + Debt 4.77b - CCE 321.2m)
Interest Coverage Ratio = 3.92 (Ebit TTM 537.7m / Interest Expense TTM 137.4m)
EV/FCF = 62.60x (Enterprise Value 7.55b / FCF TTM 120.6m)
FCF Yield = 1.60% (FCF TTM 120.6m / Enterprise Value 7.55b)
FCF Margin = 2.00% (FCF TTM 120.6m / Revenue TTM 6.02b)
Net Margin = 4.96% (Net Income TTM 298.7m / Revenue TTM 6.02b)
Gross Margin = 31.62% ((Revenue TTM 6.02b - Cost of Revenue TTM 4.12b) / Revenue TTM)
Gross Margin QoQ = 3.34% (prev 12.63%)
Tobins Q-Ratio = 0.62 (Enterprise Value 7.55b / Total Assets 12.2b)
Interest Expense / Debt = 2.88% (Interest Expense 137.4m / Debt 4.77b)
Taxrate = 28.16% (122.4m / 434.5m)
NOPAT = 386.3m (EBIT 537.7m * (1 - 28.16%))
Current Ratio = 0.87 (Total Current Assets 2.21b / Total Current Liabilities 2.55b)
Debt / Equity = 1.39 (Debt 4.77b / totalStockholderEquity, last quarter 3.44b)
Debt / EBITDA = 3.51 (Net Debt 4.45b / EBITDA 1.27b)
Debt / FCF = 36.92 (Net Debt 4.45b / FCF TTM 120.6m)
Total Stockholder Equity = 3.34b (last 4 quarters mean from totalStockholderEquity)
RoA = 2.43% (Net Income 298.7m / Total Assets 12.2b)
RoE = 8.94% (Net Income TTM 298.7m / Total Stockholder Equity 3.34b)
RoCE = 6.83% (EBIT 537.7m / Capital Employed (Equity 3.34b + L.T.Debt 4.53b))
RoIC = 4.05% (NOPAT 386.3m / Invested Capital 9.54b)
WACC = 3.40% (E(3.10b)/V(7.87b) * Re(5.45%) + D(4.77b)/V(7.87b) * Rd(2.88%) * (1-Tc(0.28)))
Discount Rate = 5.45% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 69.42 | Cagr: 0.57%
[DCF] Terminal Value 73.10% ; FCFF base≈170.5m ; Y1≈149.6m ; Y5≈120.8m
[DCF] Fair Price = N/A (negative equity: EV 1.94b - Net Debt 4.45b = -2.51b; debt exceeds intrinsic value)
EPS Correlation: 84.95 | EPS CAGR: 7.47% | SUE: N/A | # QB: 0
Revenue Correlation: 1.32 | Revenue CAGR: 0.08% | SUE: 0.22 | # QB: 0
EPS current Year (2026-12-31): EPS=0.24 | Chg30d=+0.00% | Revisions=-57% | GrowthEPS=+0.0% | GrowthRev=+5.4%
EPS next Year (2027-12-31): EPS=0.25 | Chg30d=+0.00% | Revisions=-17% | GrowthEPS=+5.1% | GrowthRev=+0.7%
[Analyst] Revisions Ratio: -50% (up=1, down=6)