(IRS) IRSA Inversiones Y - Overview
Sector: Real Estate | Industry: Real Estate Services | Exchange: NYSE (USA) | Market Cap: 1.256m USD | Total Return: 5.5% in 12m
Avg Turnover: 2.15M
Rev. Trend: 90.8%
Warnings
Earnings expected to drop: P/E 4.4 → Forward 38.2
Choppy
Tailwinds
No distinct edge detected
IRSA Inversiones y Representaciones (IRS) is Argentina’s largest diversified real estate company, operating across shopping malls, premium offices, luxury hotels, and residential developments. The firm manages a portfolio of high-traffic assets, including iconic hospitality brands such as Llao Llao and Intercontinental, while maintaining a significant land bank for future urban expansion. Its business model focuses on long-term capital appreciation and recurring rental income from commercial leases.
The Argentine real estate sector often serves as a localized hedge against currency volatility, as high-end commercial leases are frequently indexed or denominated in USD equivalents. As a subsidiary of Cresud, IRSA integrates its physical retail presence with digital initiatives like the ¡appa! loyalty platform to drive consumer engagement across its shopping centers. Investors can evaluate the company’s underlying asset valuations and debt profile on ValueRay to better understand its market position.
Headquartered in Buenos Aires, the company operates as a vertically integrated developer, managing the entire lifecycle of a property from land acquisition and construction to facility management and eventual divestment. This model allows the firm to capture value during various stages of the Argentine economic cycle by shifting focus between rental income and asset sales.
- Argentine macroeconomic instability and inflation volatility impact real estate valuation and rental yields
- Shopping mall consumption levels drive primary revenue through variable lease agreements and services
- Significant exposure to Argentine Peso devaluation affects debt servicing and local currency earnings
- Strategic asset divestments and land reserve monetization influence short-term cash flow and liquidity
| Net Income: 355b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.04 > 0.02 and ΔFCF/TA 3.04 > 1.0 |
| NWC/Revenue: 49.19% < 20% (prev 34.68%; Δ 14.50% < -1%) |
| CFO/TA 0.04 > 3% & CFO 173b > Net Income 355b |
| Net Debt (423b) to EBITDA (548b): 0.77 < 3 |
| Current Ratio: 1.61 > 1.5 & < 3 |
| Outstanding Shares: last quarter (5.10m) vs 12m ago -93.98% < -2% |
| Gross Margin: 37.45% > 18% (prev 0.62%; Δ 3.68k% > 0.5%) |
| Asset Turnover: 14.91% > 50% (prev 16.03%; Δ -1.13% > 0%) |
| Interest Coverage Ratio: 6.45 > 6 (EBITDA TTM 548b / Interest Expense TTM 83.4b) |
| A: 0.06 (Total Current Assets 716b - Total Current Liabilities 446b) / Total Assets 4308b |
| B: 0.07 (Retained Earnings 281b / Total Assets 4308b) |
| C: 0.15 (EBIT TTM 538b / Avg Total Assets 3684b) |
| D: 0.27 (Book Value of Equity 619b / Total Liabilities 2270b) |
| Altman-Z'' = 1.89 = BBB |
| DSRI: 1.67 (Receivables 164b/87.9b, Revenue 549b/490b) |
| GMI: 1.66 (GM 37.45% / 62.06%) |
| AQI: 1.02 (AQ_t 0.81 / AQ_t-1 0.80) |
| SGI: 1.12 (Revenue 549b / 490b) |
| TATA: 0.04 (NI 355b - CFO 173b) / TA 4308b) |
| Beneish M = -1.74 (Cap -4..+1) = CCC |
As of May 29, 2026, the stock is trading at USD 14.81 with a total of 118,847 shares traded.
Over the past week, the price has changed by +7.79%,
over one month by +2.00%,
over three months by -7.09% and
over the past year by +5.49%.
IRSA Inversiones Y has received a consensus analysts rating of 5.00. Therefore, it is recommended to buy IRS.
- StrongBuy: 1
- Buy: 0
- Hold: 0
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 21.3 | 44% |
P/E Trailing = 4.4461
P/E Forward = 38.1679
P/S = 0.0022
P/B = 0.902
P/EG = 2.7255
Revenue TTM = 549b USD
EBIT TTM = 538b USD
EBITDA TTM = 548b USD
Long Term Debt = 798b USD (from longTermDebt, last quarter)
Short Term Debt = 104b USD (from shortTermDebt, last quarter)
Debt = 923b USD (from shortLongTermDebtTotal, last quarter) + Leases 13.2b
Net Debt = 423b USD (calculated: Debt 923b - CCE 501b)
Enterprise Value = 424b USD (1.26b + Debt 923b - CCE 501b)
Interest Coverage Ratio = 6.45 (Ebit TTM 538b / Interest Expense TTM 83.4b)
EV/FCF = 2.51x (Enterprise Value 424b / FCF TTM 169b)
FCF Yield = 39.91% (FCF TTM 169b / Enterprise Value 424b)
FCF Margin = 30.81% (FCF TTM 169b / Revenue TTM 549b)
Net Margin = 64.65% (Net Income TTM 355b / Revenue TTM 549b)
Gross Margin = 37.45% ((Revenue TTM 549b - Cost of Revenue TTM 343b) / Revenue TTM)
Gross Margin QoQ = 63.23% (prev 62.93%)
Tobins Q-Ratio = 0.10 (Enterprise Value 424b / Total Assets 4308b)
Interest Expense / Debt = 9.04% (Interest Expense 83.4b / Debt 923b)
Taxrate = 28.38% (45.1b / 159b)
NOPAT = 385b (EBIT 538b * (1 - 28.38%))
Current Ratio = 1.61 (Total Current Assets 716b / Total Current Liabilities 446b)
Debt / Equity = 0.48 (Debt 923b / totalStockholderEquity, last quarter 1922b)
Debt / EBITDA = 0.77 (Net Debt 423b / EBITDA 548b)
Debt / FCF = 2.50 (Net Debt 423b / FCF TTM 169b)
Total Stockholder Equity = 1628b (last 4 quarters mean from totalStockholderEquity)
RoA = 9.64% (Net Income 355b / Total Assets 4308b)
RoE = 21.81% (Net Income TTM 355b / Total Stockholder Equity 1628b)
RoCE = 22.17% (EBIT 538b / Capital Employed (Equity 1628b + L.T.Debt 798b))
RoIC = 9.71% (NOPAT 385b / Invested Capital 3966b)
WACC = 6.48% (E(1.26b)/V(924b) * Re(8.43%) + D(923b)/V(924b) * Rd(9.04%) * (1-Tc(0.28)))
Discount Rate = 8.43% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -4.60 | Cagr: -69.67%
[DCF] Terminal Value 77.97% ; FCFF base≈112b ; Y1≈129b ; Y5≈190b
[DCF] Fair Price = 28.7k (EV 2852b - Net Debt 423b = Equity 2430b / Shares 84.6m; r=8.35% [WACC [floored]]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: N/A | # QB: 0
Revenue Correlation: 90.81 | Revenue CAGR: 35.11% | SUE: N/A | # QB: 0
EPS current Year (2026-06-30): EPS=0.13 | Chg30d=-5.56% | Revisions=+20% | GrowthEPS=+6.8% | GrowthRev=+9.8%
EPS next Year (2027-06-30): EPS=0.55 | Chg30d=+271.09% | Revisions=+20% | GrowthEPS=+327.8% | GrowthRev=+6.4%
[Analyst] Revisions Ratio: +20%