IREN Valuation

IREN Ltd

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16.140

+0.35(2.217%)1D

Overview
Forecast
Valuation
Earnings

IREN Relative Valuation

IREN's fair value is calculated using relative valuation, based on historical P/E and P/S ranges and their premiums/discounts relative to a competitor average, adjusted by weights. If the market price exceeds this fair value range, IREN is overvalued; if below, it's undervalued.

Historical Valuation

IREN Ltd (IREN) is now in the Overvalued zone, suggesting that its current forward PS ratio of 4.41 is considered Overvalued compared with the five-year average of 30.61. The fair price of IREN Ltd (IREN) is between 9.74 to 14.95 according to relative valuation methord. Compared to the current price of 15.77 USD , IREN Ltd is Overvalued By 5.46%.

Relative Value

Fair Zone

9.74-14.95

Current Price：15.77

5.46%

Overvalued

13.61

Trailing

Forward

7.10

EV/EBITDA

IREN Ltd. (IREN) has a current EV/EBITDA of 7.10. The 5-year average EV/EBITDA is 14.91. The thresholds are as follows: Strongly Undervalued below -48.23, Undervalued between -48.23 and -16.66, Fairly Valued between 46.47 and -16.66, Overvalued between 46.47 and 78.04, and Strongly Overvalued above 78.04. The current Forward EV/EBITDA of 7.10 falls within the Historic Trend Line -Fairly Valued range.

12.97

EV/EBIT

IREN Ltd. (IREN) has a current EV/EBIT of 12.97. The 5-year average EV/EBIT is 4.67. The thresholds are as follows: Strongly Undervalued below -45.85, Undervalued between -45.85 and -20.59, Fairly Valued between 29.94 and -20.59, Overvalued between 29.94 and 55.20, and Strongly Overvalued above 55.20. The current Forward EV/EBIT of 12.97 falls within the Historic Trend Line -Fairly Valued range.

4.23

IREN Ltd. (IREN) has a current PS of 4.23. The 5-year average PS is 3.32. The thresholds are as follows: Strongly Undervalued below -3.39, Undervalued between -3.39 and -0.04, Fairly Valued between 6.67 and -0.04, Overvalued between 6.67 and 10.03, and Strongly Overvalued above 10.03. The current Forward PS of 4.23 falls within the Historic Trend Line -Fairly Valued range.

6.07

P/OCF

IREN Ltd. (IREN) has a current P/OCF of 6.07. The 5-year average P/OCF is 31.41. The thresholds are as follows: Strongly Undervalued below -169.34, Undervalued between -169.34 and -68.96, Fairly Valued between 131.78 and -68.96, Overvalued between 131.78 and 232.15, and Strongly Overvalued above 232.15. The current Forward P/OCF of 6.07 falls within the Historic Trend Line -Fairly Valued range.

41.51

P/FCF

IREN Ltd. (IREN) has a current P/FCF of 41.51. The 5-year average P/FCF is -3.32. The thresholds are as follows: Strongly Undervalued below -40.63, Undervalued between -40.63 and -21.98, Fairly Valued between 15.34 and -21.98, Overvalued between 15.34 and 33.99, and Strongly Overvalued above 33.99. The current Forward P/FCF of 41.51 falls within the Strongly Overvalued range.

IREN Ltd (IREN) has a current Price-to-Book (P/B) ratio of 2.49. Compared to its 3-year average P/B ratio of 1.16 , the current P/B ratio is approximately 114.19% higher. Relative to its 5-year average P/B ratio of 1.10, the current P/B ratio is about 125.95% higher. IREN Ltd (IREN) has a Forward Free Cash Flow (FCF) yield of approximately -37.95%. Compared to its 3-year average FCF yield of -55.92%, the current FCF yield is approximately -32.13% lower. Relative to its 5-year average FCF yield of -54.94% , the current FCF yield is about -30.92% lower.

2.48

P/B

Median3y

1.16

Median5y

1.10

-39.85

FCF Yield

Median3y

-55.92

Median5y

-54.94

Competitors Valuation Multiple

The average P/S ratio for IREN's competitors is 4.04, providing a benchmark for relative valuation. IREN Ltd Corp (IREN) exhibits a P/S ratio of 4.23, which is 4.77% above the industry average. Given its robust revenue growth of 172.49%, this premium appears sustainable.

P/S

P/E

EV/EBITDA

EV/EBIT

P/S

Revenue Growth

Market Cap

Bitdeer Technologies Group

Performance Decomposition

Market capitalization of IREN increased by 60.28% over the past 1 year. The primary factor behind the change was an increase in Revenue Growth from 54.35M to 148.10M.

The secondary factor is the Margin Expansion, contributed 2.96%to the performance.

Overall, the performance of IREN in the past 1 year is driven by Revenue Growth. Which is more sustainable.

172.49%

54.35M → 148.10M

Revenue Growth

2.96%

15.89 → 16.36

Margin Expansion

-115.17%

563.22 → -85.44

P/E Change

60.28%