Iris Energy Limited (IREN)

NASDAQ: IREN · IEX Real-Time Price · USD
5.40
+0.03 (0.56%)
Mar 28, 2024, 4:00 PM EDT - Market closed

Total Valuation

Iris Energy has a market cap or net worth of $593.44 million. The enterprise value is $534.70 million.

Market Cap 593.44M
Enterprise Value 534.70M

Important Dates

The next estimated earnings date is Tuesday, April 9, 2024, after market close.

Earnings Date Apr 9, 2024
Ex-Dividend Date n/a

Share Statistics

Iris Energy has 107.94 million shares outstanding. The number of shares has increased by 20.28% in one year.

Shares Outstanding 107.94M
Shares Change (YoY) +20.28%
Shares Change (QoQ) +25.78%
Owned by Insiders (%) 11.76%
Owned by Institutions (%) 21.88%
Float 74.09M

Valuation Ratios

PE Ratio n/a
Forward PE 7.37
PS Ratio 6.94
Forward PS 2.64
PB Ratio 2.39
P/FCF Ratio n/a
PEG Ratio n/a
Financial Ratio History

Enterprise Valuation

EV / Earnings n/a
EV / Sales 6.26
EV / EBITDA n/a
EV / EBIT n/a
EV / FCF n/a

Financial Position

The company has a current ratio of 3.38, with a Debt / Equity ratio of 0.00.

Current Ratio 3.38
Quick Ratio 3.01
Debt / Equity 0.00
Debt / EBITDA n/a
Debt / FCF n/a
Interest Coverage -7.12

Financial Efficiency

Return on equity (ROE) is -6.30% and return on invested capital (ROIC) is -7.27%.

Return on Equity (ROE) -6.30%
Return on Assets (ROA) -4.90%
Return on Capital (ROIC) -7.27%
Revenue Per Employee $854,762
Profits Per Employee -$139,483
Employee Count 100
Asset Turnover 0.30
Inventory Turnover n/a

Taxes

In the past 12 months, Iris Energy has paid $75,516 in taxes.

Income Tax 75,516
Effective Tax Rate n/a

Stock Price Statistics

The stock price has increased by +94.95% in the last 52 weeks. The beta is 3.08, so Iris Energy's price volatility has been higher than the market average.

Beta (1Y) 3.08
52-Week Price Change +94.95%
50-Day Moving Average 5.31
200-Day Moving Average 4.96
Relative Strength Index (RSI) 49.95
Average Volume (30 Days) 8,788,495

Short Selling Information

The latest short interest is 1.02 million, so 0.94% of the outstanding shares have been sold short.

Short Interest 1.02M
Short Previous Month 2.46M
Short % of Shares Out 0.94%
Short % of Float 1.37%
Short Ratio (days to cover) 0.10

Income Statement

In the last 12 months, Iris Energy had revenue of $85.48 million and -$13.95 million in losses. Loss per share was -$15.30.

Revenue 85.48M
Gross Profit 44.09M
Operating Income -18.14M
Pretax Income -13.27M
Net Income -13.95M
EBITDA n/a
EBIT -11.64M
Loss Per Share -$15.30
Full Income Statement

Balance Sheet

The company has $59.62 million in cash and $884,709 in debt, giving a net cash position of $58.74 million or $0.54 per share.

Cash & Cash Equivalents 59.62M
Total Debt 884,709
Net Cash 58.74M
Net Cash Per Share $0.54
Equity / Book Value 248.58M
Book Value Per Share 2.30
Working Capital 50.02M
Full Balance Sheet

Cash Flow

In the last 12 months, operating cash flow was $21.84 million and capital expenditures -$69.60 million, giving a free cash flow of -$47.76 million.

Operating Cash Flow 21.84M
Capital Expenditures -69.60M
Free Cash Flow -47.76M
FCF Per Share -$0.72
Full Cash Flow Statement

Margins

Gross margin is 51.58%, with operating and profit margins of -21.22% and -16.32%.

Gross Margin 51.58%
Operating Margin -21.22%
Pretax Margin -15.53%
Profit Margin -16.32%
EBITDA Margin n/a
EBIT Margin -13.61%
FCF Margin -55.87%

Dividends & Yields

Iris Energy does not appear to pay any dividends at this time.

Dividend Per Share n/a
Dividend Yield n/a
Dividend Growth (YoY) n/a
Years of Dividend Growth n/a
Payout Ratio n/a
Buyback Yield -20.28%
Shareholder Yield -20.28%
Earnings Yield -2.35%
FCF Yield -8.05%

Analyst Forecast

The average price target for Iris Energy is $9.83, which is 82.04% higher than the current price. The consensus rating is "Strong Buy".

Price Target $9.83
Price Target Difference 82.04%
Analyst Consensus Strong Buy
Analyst Count 6
Revenue Growth Forecast (5Y) n/a
EPS Growth Forecast (5Y) n/a
Stock Forecasts

Stock Splits

This stock does not have any record of stock splits.

Last Split Date n/a
Split Type n/a
Split Ratio n/a

Scores

Iris Energy has an Altman Z-Score of 13.65 and a Piotroski F-Score of 4.

Altman Z-Score 13.65
Piotroski F-Score 4