Iren S.p.A. (IT:IRE)
:IRE
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Iren S.p.A.
(IRE)
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Rating:61Neutral
Price Target:
€3.00
▲(14.50% Upside)
Action:ReiteratedDate:12/11/25
Iren S.p.A.'s overall stock score is driven by its stable financial performance and attractive valuation. However, bearish technical indicators and challenges in cash flow generation and leverage management weigh on the score.
Positive Factors
Diversified multi-utility business model
Operating across electricity, gas, integrated water services and waste provides durable, non-cyclical revenue streams tied to essential services and municipal contracts. This diversification reduces single-market exposure, supports steady demand and aids long-term revenue stability across economic cycles.
Negative Factors
Elevated leverage on the balance sheet
Significant leverage increases interest burden and refinancing risk, limiting financial flexibility for capex, renewables roll-out or acquisitions. In a rising-rate environment or slower cash conversion, high net debt can constrain strategic options and elevate solvency sensitivity over months.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified multi-utility business model
Operating across electricity, gas, integrated water services and waste provides durable, non-cyclical revenue streams tied to essential services and municipal contracts. This diversification reduces single-market exposure, supports steady demand and aids long-term revenue stability across economic cycles.
Read all positive factors
Iren S.p.A. (IRE) vs. iShares MSCI Italy ETF (EWI)
Market Cap
€3.36B
Dividend Yield5.06%
Average Volume (3M)907.90K
Price to Earnings (P/E)23.8
Beta (1Y)0.47
Revenue Growth10.48%
EPS Growth9.06%
CountryIT
Employees11,133
SectorGeneral
Sector StrengthN/A
IndustryDiversified Utilities
Share Statistics
EPS (TTM)N/A
Shares Outstanding1,300,931,400
10 Day Avg. Volume933,720
30 Day Avg. Volume907,905
Financial Highlights & Ratios
PEG Ratio1.84
Price to Book (P/B)0.86
Price to Sales (P/S)0.41
P/FCF Ratio9.74
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€2.90Price Target Upside10.69% Upside
Rating ConsensusHold
Number of Analyst Covering1
EPS Forecast (FY)0.23
Revenue Forecast (FY)€6.42B
Iren S.p.A. Business Overview & Revenue Model
Company Description
Iren SpA, together with its subsidiaries, operates as a multi-utility company in Italy. It operates through Networks, Waste Management, Energy, Market, and Other Services segments. The company produces and distributes electricity primarily from hy...
How the Company Makes Money
Iren S.p.A. generates revenue through several key streams: the sale of electricity and natural gas to residential, commercial, and industrial customers; fees collected for water supply and wastewater treatment services; and income from waste manag...
Iren S.p.A. Financial Statement Overview
Summary
Income Statement
65
Positive
Balance Sheet
70
Positive
Cash Flow
60
Neutral
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 6.55B | 5.95B | 6.41B | 7.75B | 4.91B | 3.68B |
| Gross Profit | 3.50B | 1.92B | 1.86B | 1.56B | 1.54B | 1.40B |
| EBITDA | 1.30B | 1.23B | 1.09B | 982.53M | 955.52M | 870.62M |
| Net Income | 294.96M | 268.47M | 254.84M | 226.02M | 303.17M | 239.17M |
Balance Sheet | ||||||
| Total Assets | 11.73B | 12.21B | 11.69B | 11.72B | 10.31B | 9.55B |
| Cash, Cash Equivalents and Short-Term Investments | 204.21M | 326.57M | 436.13M | 788.40M | 606.89M | 890.17M |
| Total Debt | 4.62B | 614.15M | 653.91M | 106.62M | 3.94B | 3.98B |
| Total Liabilities | 8.10B | 8.87B | 8.44B | 8.53B | 7.36B | 6.79B |
| Stockholders Equity | 3.38B | 2.88B | 2.81B | 2.75B | 2.57B | 2.39B |
Cash Flow | ||||||
| Free Cash Flow | 142.28M | 252.96M | -186.31M | 185.49M | 192.70M | 136.36M |
| Operating Cash Flow | 1.03B | 1.08B | 680.29M | 1.08B | 950.47M | 821.51M |
| Investing Cash Flow | -852.05M | -901.04M | -886.62M | -1.14B | -811.79M | -791.22M |
| Financing Cash Flow | -585.68M | -291.70M | -145.95M | 240.56M | -421.96M | 514.00M |
Iren S.p.A. Technical Analysis
Positive
2.62
Price Trends
2.65
Negative
2.62
Positive
2.61
Positive
Market Momentum
-0.02
Negative
57.34
Neutral
89.22
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IT:IRE, the sentiment is Positive. The current price of 2.62 is above the 20-day moving average (MA) of 2.51, below the 50-day MA of 2.65, and above the 200-day MA of 2.61, indicating a neutral trend. The MACD of -0.02 indicates Negative momentum. The RSI at 57.34 is Neutral, neither overbought nor oversold. The STOCH value of 89.22 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IT:IRE.
Iren S.p.A. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
64 Neutral | €7.94B | 9.65 | 13.08% | 4.37% | 8.61% | -22.69% | |
64 Neutral | €5.02B | 9.79 | 14.57% | 4.33% | -26.96% | 25.00% | |
63 Neutral | €100.20B | 22.77 | 23.22% | 5.05% | -3.10% | 26.28% | |
61 Neutral | €3.36B | 23.79 | 9.06% | 5.06% | 10.48% | 9.06% | |
56 Neutral | €6.10B | 8.70 | 13.30% | 3.76% | 15.98% | 19.01% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
IT:IRE
Iren S.p.A.
2.62
0.43
19.67%
IT:A2A
A2A SpA
2.53
0.59
30.10%
IT:ACE
ACEA SPA
23.60
5.70
31.87%
IT:EDNR
Edison Spa
2.21
0.48
27.52%
IT:ENEL
Enel S.p.A.
9.87
3.18
47.61%
IT:HER
HERA S.p.A.
4.17
0.44
11.94%
Iren S.p.A. Corporate Events
Iren Brings Subsidiary TRM into Centralised Treasury Management
Dec 29, 2025
Iren S.p.A. has made public an information document regarding a related-party transaction classified as of greater significance, involving the inclusion of its subsidiary TRM S.p.A. in the group’s centralized financial management framework, ...
Fitch Confirms Iren’s BBB Rating with Stable Outlook After New Business Plan
Dec 22, 2025
Fitch Ratings has confirmed Iren S.p.A.’s long-term credit rating at “BBB” with a “Stable” outlook, alongside senior debt at BBB+ and subordinated debt at BBB-, following the presentation of the company’s 2025&#...
Iren Names Paolo Robutti CEO of Energy Sales Subsidiary Iren Mercato
Dec 18, 2025
Iren S.p.A.’s Board of Directors has appointed Paolo Robutti, previously deputy at Iren Mercato S.p.A., as Director and Chief Executive Officer of Iren Mercato, the group’s energy sales company, effective 1 January 2026. The move forma...
Iren S.p.A. Announces 2026 Corporate Events Calendar
Nov 14, 2025
Iren S.p.A. has announced its corporate events calendar for 2026, detailing key dates for financial disclosures and shareholder meetings. The schedule includes meetings for financial statement approvals and shareholder discussions on profit alloca...
Iren S.p.A. Unveils Ambitious 2025-2030 Industrial Plan with Focus on Sustainable Growth
Nov 13, 2025
Iren S.p.A. has approved its industrial plan for 2025-2030, emphasizing growth in regulated businesses with a €6.4 billion investment strategy. The plan aims to achieve an EBITDA of €1.6 billion and a net profit of €400 million b...
Iren S.p.A. Reports Strong Financial Growth and Strategic Investments
Nov 13, 2025
Iren S.p.A. reported strong financial results for the period ending September 30, 2025, with a 9% increase in EBITDA and a 12% rise in net profit. The company’s growth is attributed to the consolidation of Egea Holding, organic growth in reg...
Iren S.p.A. Announces Review of Updated 2030 Industrial Plan
Oct 23, 2025
Iren S.p.A. has announced that its updated Industrial Plan to 2030 is set to be reviewed and potentially approved by the Board of Directors on November 13, 2025. This update could significantly influence the company’s strategic direction and...
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.