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Iren SpA IRE.MI

IT · Borsa Italiana · XMIL · stock · Utilities · website

Iren SpA statistics & valuation

Market cap€3.3B
P / E11.0×
P / S0.5×
P / B1.0×
P / FCF21.6×
Net margin4.7%
FCF margin2.4%
Net debt€4.3B
Enterprise value USD$8.7B
Earnings yield EBIT/EV7.1%
Return on capital5.7%
Graham number +45.3%€3.74

Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value (€3.74); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
2.90% 4.00% 4.50% 4.70% 2022202320242025
Gross margin (%)
27.10% 38.80% 44.00% 42.50% 2022202320242025
Operating margin (%)
5.80% 7.30% 9.10% 8.40% 2022202320242025
Return on equity (%)
8.20% 9.10% 9.30% 8.70% 2022202320242025
Shares outstanding
1.28B 1.28B 1.28B 1.28B 2022202320242025
Net debt (€)
-€681.8M €217.8M €4.67B €4.34B 2022202320242025
Share buybacks (€)
€0 €0 €0 €0 2022202320242025
Return on assets (%)
1.90% 2.20% 2.20% 2.50% 2022202320242025
Free cash flow margin (%)
2.40% -2.90% 4.30% 2.40% 2022202320242025
Debt / equity (×)
0.04× 0.23× 1.74× 1.32× 2022202320242025
EPS (€)
€0.18 €0.20 €0.21 €0.23 2022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

Iren SpA trades at about 11.2× earnings — above its 10-year norm (10-year range 9.2×–11.7×, median 10×).

9.2× 11.7×

Shaded band = 10-year range (9.2×–11.7×); dot = today's 11.2×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022
Gross margin42.5%44.0%38.8%27.1%
Operating margin8.4%9.1%7.3%5.8%
Net margin4.7%4.5%4.0%2.9%
FCF margin2.4%4.3%-2.9%2.4%
Return on assets2.5%2.2%2.2%1.9%
Return on equity8.7%9.3%9.1%8.2%
Debt / equity1.28×1.52×
Current ratio0.900.890.831.05

Computed from company filings · IT · as of 2025-12-31. Figures in EUR. Facts plus Stocktoria's own computed scores — not investment advice.