Irsa Inversiones Y Representaciones (IRS)
NYSE:IRS
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Irsa Inversiones Y Representaciones SA
(NYSE:IRS)
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Rating:61Neutral
Price Target:
$17.50
▲(3.06% Upside)
Action:Reiterated
Date:05/22/26
The score is primarily driven by improved recent profitability and a solid balance sheet, but is held back by inconsistent cash flow conversion and historically volatile results. Technical signals are currently mixed-to-weak, while valuation is supported by a high dividend yield but clouded by a negative P/E. The latest earnings call adds support via positive guidance and operational momentum, tempered by consumption and macro risks.
Positive Factors
High mall occupancy & fixed rents
Consistently high occupancy (~98%) and a large share of fixed mall revenue (~87%) provide durable, predictable cash flows that reduce sensitivity to short-term retail sales swings. This supports long-term rent stability and financing capacity for development projects.
Negative Factors
Inconsistent cash conversion
Operating cash flow lags reported earnings and free cash flow has been uneven, signaling earnings don’t consistently convert to cash. Over time this can constrain reinvestment, debt repayment and dividends, raising execution risk under weaker rental or macro conditions.
Read all positive and negative factors
Positive Factors
Negative Factors
High mall occupancy & fixed rents
Consistently high occupancy (~98%) and a large share of fixed mall revenue (~87%) provide durable, predictable cash flows that reduce sensitivity to short-term retail sales swings. This supports long-term rent stability and financing capacity for development projects.
Read all positive factors
Irsa Inversiones Y Representaciones SA (IRS) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$1.44B
Dividend Yield8.97%
Average Volume (3M)183.64K
Price to Earnings (P/E)6.6
Beta (1Y)0.30
Revenue Growth-3.89%
EPS Growth105.42%
CountryUS
Employees1,289
SectorReal Estate
Sector Strength53
IndustryConglomerates
Share Statistics
EPS (TTM)4668.00
Shares Outstanding84,611,595
10 Day Avg. Volume185,362
30 Day Avg. Volume183,638
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)1.11
Price to Sales (P/S)2.61
P/FCF Ratio5.64K
Enterprise Value/Market Cap1.86K
Enterprise Value/Revenue4.99
Enterprise Value/Gross Profit8.19
Enterprise Value/Ebitda5.70
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)$375.00M
Irsa Inversiones Y Representaciones SA Business Overview & Revenue Model
Company Description
IRSA Inversiones y Representaciones Sociedad Anónima, or IRSA, operates an extensive portfolio of real estate businesses across Argentina. The company's core operations involve the purchase, construction, and management of diverse properties, incl...
How the Company Makes Money
IRSA primarily makes money by owning and operating commercial real estate and earning recurring income from tenants and property operations. Key revenue streams typically include: (1) Rental and leasing income: long-term and short-term leases from...
Irsa Inversiones Y Representaciones SA Earnings Call Summary
Earnings Call Date:May 06, 2026
(Q3-2026)
| % Change Since: |
Next Earnings Date:Sep 08, 2026
Earnings Call Sentiment Positive
The call conveyed a predominantly positive operational and financial picture: solid occupancy and rental performance across shopping malls, offices and hotels; significant net result improvement and healthy dollar EBITDA; meaningful progress on strategic development projects (Zetta expansion, Ramblas) and conservative leverage metrics. Key risks highlighted include a 10% drop in tenant sales in real terms, macro-driven valuation volatility from inflation/currency dynamics, potential for higher interest and tax costs, and near-term consumption weakness. On balance, the positive operational momentum, strong project pipeline and low leverage outweigh the macro and consumption headwinds.Positive Updates
Strong Net Result and Profitability
9-month net result of ARS 239.7 billion versus ARS 46.5 billion in the prior year (≈+416%), driven by positive fair value adjustments, debt remeasurement gains and stronger operating results.
Negative Updates
Retail Sales and Consumption Weakness
Tenant sales in real terms fell about 10% in the last quarter; management flagged weaker consumption trends continuing into April/May and pressure on prices driven by retail reconfiguration and entry of international brands.
Read all updates
Q3-2026 Updates
Positive
Negative
Strong Net Result and Profitability
9-month net result of ARS 239.7 billion versus ARS 46.5 billion in the prior year (≈+416%), driven by positive fair value adjustments, debt remeasurement gains and stronger operating results.
Read all positive updates
Company Guidance
In the FY2026 Q3 call (2026-05-06) management reiterated guidance for a recovery in consumption and economic activity in the coming quarters and said they expect a record-high rental adjusted EBITDA by year-end (rental adjusted EBITDA was $151 million for the 9‑month period); key metrics cited included net result ARS 239.7 billion (vs ARS 46.5 billion prior year), shopping-center revenues up ~2.5% with adjusted EBITDA +2.2% (shopping centers +2% in pesos, ~+6% in dollars), offices +15% and hotels +37%, malls GLA 373,000 sqm with ~98% occupancy and ≈87% of revenues from fixed components, tenant sales down ~10% last quarter, office portfolio ~58,000 sqm (Zetta to expand from ~32,000 to >47,500 sqm with ~72% pre‑let to Mercado Libre; Philips building rents ~$26/m2), hotels ~74% occupancy in Buenos Aires, Ramblas: 36,000 sqm retail, 2 km promenade, 7‑hectare central bay, overall construction ~23% (Phase 1 52% complete), swaps/sales so far ~$105 million total (recent M1+K3 swaps $11.3M; IRSA to receive ~25,000 sellable sqm), balance-sheet metrics net debt / rental EBITDA 1.4x and LTV ~11.3%, 9‑month nominal FX devaluation 15% vs inflation 25% (debt revaluation generated ARS 90.7 billion gain), and management expects to modestly increase net debt for planned CapEx/developments while evaluating capital allocation (including possible buybacks) after audited year‑end results.Irsa Inversiones Y Representaciones SA Financial Statement Overview
Summary
Income Statement
67
Positive
Balance Sheet
74
Positive
Cash Flow
49
Neutral
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 538.50B | 490.53B | 458.06B | 462.49B | 256.98B | 45.88B |
| Gross Profit | 328.08B | 298.41B | 305.75B | 302.93B | 159.94B | 22.68B |
| EBITDA | 470.99B | 212.82B | -46.33B | 54.38B | 375.51B | 542.00M |
| Net Income | 268.17B | 109.57B | -40.61B | 312.05B | 276.74B | -105.80B |
Balance Sheet | ||||||
| Total Assets | 4.31T | 2.50T | 2.24T | 2.64T | 803.67B | 365.32B |
| Cash, Cash Equivalents and Short-Term Investments | 500.69B | 186.06B | 148.96B | 160.30B | 67.30B | 8.36B |
| Total Debt | 910.04B | 455.48B | 377.70B | 412.24B | 163.76B | 103.37B |
| Total Liabilities | 2.27T | 1.27T | 1.09T | 1.21T | 437.77B | 229.67B |
| Stockholders Equity | 1.92T | 1.16T | 1.08T | 1.36T | 342.46B | 101.39B |
Cash Flow | ||||||
| Free Cash Flow | 31.31B | 227.48M | 138.65B | 184.19B | 98.33B | 3.88B |
| Operating Cash Flow | 34.78B | 235.15M | 144.31B | 189.03B | 101.53B | 5.15B |
| Investing Cash Flow | -180.67B | -107.65M | 116.06B | 136.97B | 89.67B | 238.12B |
| Financing Cash Flow | -23.05B | 79.13M | -266.21B | -420.21B | -109.43B | -170.81B |
Irsa Inversiones Y Representaciones SA Technical Analysis
Positive
16.98
Price Trends
15.03
Positive
15.35
Positive
14.55
Positive
Market Momentum
0.54
Negative
56.67
Neutral
60.47
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IRS, the sentiment is Positive. The current price of 16.98 is above the 20-day moving average (MA) of 15.66, above the 50-day MA of 15.03, and above the 200-day MA of 14.55, indicating a bullish trend. The MACD of 0.54 indicates Negative momentum. The RSI at 56.67 is Neutral, neither overbought nor oversold. The STOCH value of 60.47 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IRS.
Irsa Inversiones Y Representaciones SA Risk Analysis
Irsa Inversiones Y Representaciones SA disclosed 4 risk factors in its most recent earnings report. Irsa Inversiones Y Representaciones SA reported the most risks in the "Tech & Innovation" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 3 New Risks
1.
Technology Risks Q2, 2025
2.
Operational Risks Q2, 2025
3.
Market Risks Q2, 2025
Irsa Inversiones Y Representaciones SA Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
67 Neutral | $795.75M | 6.12 | 16.63% | 10.18% | -10.68% | 46.63% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
61 Neutral | $1.44B | 6.60 | 17.62% | 8.97% | -3.89% | 105.42% | |
56 Neutral | $822.50M | 85.40 | 1.89% | 3.87% | -28.90% | ― | |
50 Neutral | $760.64M | -3.35 | -46.27% | 20.53% | 7.52% | -1.67% | |
49 Neutral | $568.37M | -1.60 | -41.74% | 1.90% | 72.20% | -267.01% | |
45 Neutral | $1.99B | 74.88 | 118.50% | ― | 167.61% | ― |
* Real Estate Sector Average
IRS
Irsa Inversiones Y Representaciones SA
16.30
3.54
27.71%
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18.83%
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26.12
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27.11%
FBYD
Falcon's Beyond Global
16.26
11.02
210.31%
FIP
FTAI Infrastructure Incorporation
4.77
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-20.35%
Irsa Inversiones Y Representaciones SA Corporate Events
IRSA to Pay Eighth Interest and Third Principal Installment on Series XIV Notes on June 22, 2026
Jun 12, 2026
IRSA Inversiones y Representaciones SA announced that it will begin, on June 22, 2026, paying the eighth interest installment and the third principal installment on its fixed-rate Series XIV Notes issued in July 2022. The $103.29 million notes, be...
IRSA Expands Retail Footprint With Acquisition of Los Gallegos Mall in Mar del Plata
Jun 10, 2026
On June 10, 2026, IRSA announced it acquired the Los Gallegos shopping mall in Mar del Plata, Buenos Aires Province, by purchasing 100% of the entities that own the asset for a total of $13.5 million, with $12.5 million paid at closing and $1 mill...
IRSA Raises USD 50 Million in Local Market With Series XXV Notes
Jun 5, 2026
On June 5, 2026, IRSA Inversiones y Representaciones Sociedad Anónima announced it had successfully placed Series XXV notes in Argentina’s local market for a total of USD 50 million. Investor demand exceeded the final size, with USD 64....
IRSA Announces June 10, 2026 Repayment of Series XX Notes
Jun 3, 2026
IRSA Inversiones y Representaciones SA reported that it will begin payments on June 10, 2026 for the fourth installment of interest and capital amortization on its Fixed Rate Series XX Notes, originally issued on June 10, 2024. The notes carry a p...
IRSA Files March 31, 2026 Interim Results and Moves to Register New Capital Increase
May 26, 2026
IRSA Inversiones y Representaciones released its unaudited condensed interim consolidated financial statements for the nine- and three-month periods ended March 31, 2026. The filing shows a strong real estate asset base, with investment properties...
IRSA Announces Warrant Exercises, Boosting Share Count and Equity in May 2026
May 19, 2026
Between May 11 and 12, 2026, IRSA Inversiones y Representaciones S.A. saw certain warrant holders exercise their rights to acquire additional ordinary shares, resulting in the registration of 35,318,802 new shares with a face value of ARS 10 and p...
IRSA Posts Surging Nine-Month Profit and Details Warrant-Driven Capital Structure Ahead of May 2026 Expiry
May 6, 2026
IRSA Inversiones y Representaciones SA reported a sharp improvement in results for the nine months ended March 31, 2026, with net income jumping to ARS 239,741 million from ARS 46,497 million a year earlier and total comprehensive income rising mo...
IRSA Sets Final May 11–12, 2026 Exercise Window for Expiring Warrants
Apr 28, 2026
On April 28, 2026, IRSA Inversiones y Representaciones S.A. notified the market that holders of its share subscription options, or warrants, will have their final opportunity to exercise them on May 11 and 12, 2026, when the instruments expire. Ea...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.