Iris Energy Limited (IREN)

NASDAQ: IREN · IEX Real-Time Price · USD
6.95
+0.77 (12.46%)
Feb 26, 2024, 11:59 AM EST - Market open

Total Valuation

Iris Energy has a market cap or net worth of $642.92 million. The enterprise value is $583.83 million.

Market Cap 642.92M
Enterprise Value 583.83M

Important Dates

The next estimated earnings date is Tuesday, March 5, 2024, after market close.

Earnings Date Mar 5, 2024
Ex-Dividend Date n/a

Share Statistics

Iris Energy has 104.03 million shares outstanding. The number of shares has increased by 20.28% in one year.

Shares Outstanding 104.03M
Shares Change (YoY) +20.28%
Shares Change (QoQ) +25.78%
Owned by Insiders (%) 22.24%
Owned by Institutions (%) 29.30%
Float 73.51M

Valuation Ratios

PE Ratio n/a
Forward PE 7.65
PS Ratio 7.52
Forward PS 2.85
PB Ratio 2.57
P/FCF Ratio n/a
PEG Ratio n/a
Financial Ratio History

Enterprise Valuation

EV / Earnings n/a
EV / Sales 6.83
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 $75,978 in taxes.

Income Tax 75,978
Effective Tax Rate n/a

Stock Price Statistics

The stock price has increased by +140.51% in the last 52 weeks. The beta is 2.86, so Iris Energy's price volatility has been higher than the market average.

Beta (1Y) 2.86
52-Week Price Change +140.51%
50-Day Moving Average 5.86
200-Day Moving Average 4.76
Relative Strength Index (RSI) 56.56
Average Volume (30 Days) 7,120,906

Short Selling Information

The latest short interest is 2.91 million, so 2.79% of the outstanding shares have been sold short.

Short Interest 2.91M
Short Previous Month 2.89M
Short % of Shares Out 2.79%
Short % of Float 3.95%
Short Ratio (days to cover) 0.50

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 -$15.39.

Revenue 85.48M
Gross Profit 44.36M
Operating Income -18.25M
Pretax Income -13.35M
Net Income -13.95M
EBITDA n/a
EBIT -11.71M
Loss Per Share -$15.39
Full Income Statement

Balance Sheet

The company has $59.99 million in cash and $890,127 in debt, giving a net cash position of $59.10 million or $0.57 per share.

Cash & Cash Equivalents 59.99M
Total Debt 890,127
Net Cash 59.10M
Net Cash Per Share $0.57
Equity / Book Value 250.11M
Book Value Per Share 2.40
Working Capital 50.33M
Full Balance Sheet

Cash Flow

In the last 12 months, operating cash flow was $21.98 million and capital expenditures -$70.03 million, giving a free cash flow of -$48.05 million.

Operating Cash Flow 21.98M
Capital Expenditures -70.03M
Free Cash Flow -48.05M
FCF Per Share -$0.72
Full Cash Flow Statement

Margins

Gross margin is 51.89%, with operating and profit margins of -21.35% and -16.32%.

Gross Margin 51.89%
Operating Margin -21.35%
Pretax Margin -15.62%
Profit Margin -16.32%
EBITDA Margin n/a
EBIT Margin -13.70%
FCF Margin -56.21%

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 -2.17%
FCF Yield -7.47%

Analyst Forecast

The average price target for Iris Energy is $9.92, which is 42.53% higher than the current price. The consensus rating is "Strong Buy".

Price Target $9.92
Price Target Difference 42.53%
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 14.84 and a Piotroski F-Score of 4.

Altman Z-Score 14.84
Piotroski F-Score 4