Iris Energy Ltd
NASDAQ:IREN

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Iris Energy Ltd
NASDAQ:IREN
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Price: 9.72 USD -3.76% Market Closed
Market Cap: 1.8B USD
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Relative Value

The Relative Value of one IREN stock under the Base Case scenario is 16.96 USD. Compared to the current market price of 9.72 USD, Iris Energy Ltd is Undervalued by 43%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

IREN Relative Value
Base Case
16.96 USD
Undervaluation 43%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
7
vs Industry
6
Median 3Y
4.1
Median 5Y
2.7
Industry
2.4
Forward
3.9
vs History
vs Industry
Median 3Y
-1.9
Median 5Y
-67
Industry
23.1
Forward
21.8
vs History
25
vs Industry
16
Median 3Y
29.6
Median 5Y
14.3
Industry
16.9
vs History
vs Industry
Median 3Y
-7.9
Median 5Y
-13.2
Industry
21.5
vs History
12
vs Industry
35
Median 3Y
0.9
Median 5Y
0.7
Industry
2.9
vs History
7
vs Industry
8
Median 3Y
3.1
Median 5Y
1.8
Industry
2.4
Forward
3
vs History
vs Industry
Median 3Y
0
Median 5Y
0
Industry
4.8
vs History
vs Industry
0
Median 3Y
-3
Median 5Y
-52.2
Industry
12.9
Forward
7.1
vs History
vs Industry
0
Median 3Y
-3
Median 5Y
-52.2
Industry
16.7
Forward
19.4
vs History
23
vs Industry
19
Median 3Y
22.1
Median 5Y
10.5
Industry
15.7
vs History
vs Industry
Median 3Y
-3.2
Median 5Y
-19.9
Industry
18.7
vs History
23
vs Industry
26
Median 3Y
1
Median 5Y
0.8
Industry
2.5

Multiples Across Competitors

IREN Competitors Multiples
Iris Energy Ltd Competitors

All Multiples
P/S
P/E
EV/EBITDA
EV/EBIT
All Countries
Close
Market Cap P/S P/E EV/EBITDA EV/EBIT
AU
Iris Energy Ltd
NASDAQ:IREN
1.8B USD 9.7 -63.1 -57.3 -57.3
US
Salesforce Inc
NYSE:CRM
321.7B USD 8.8 57.1 30.1 45.7
DE
SAP SE
XETRA:SAP
262.1B EUR 7.9 92.4 28.7 33.5
US
Adobe Inc
NASDAQ:ADBE
226.5B USD 10.8 42.3 26.5 29.6
US
NCR Corp
LSE:0K45
190.4B USD 27.8 401.6 380.6 1 148.6
US
Intuit Inc
NASDAQ:INTU
190.2B USD 11.7 64.2 41.3 49.7
US
Palantir Technologies Inc
NYSE:PLTR
139.3B USD 52.6 292.2 338.7 368.9
US
Applovin Corp
NASDAQ:APP
106.8B USD 24.9 92.8 55.5 71.4
US
Microstrategy Inc
NASDAQ:MSTR
80.5B USD 172.3 -197.9 -2 199.4 -1 504
US
Synopsys Inc
NASDAQ:SNPS
85.7B USD 14.1 57.2 48.6 56.8
US
Cadence Design Systems Inc
NASDAQ:CDNS
84.1B USD 19.3 80.9 57.7 66
P/E Multiple
Earnings Growth
AU
Iris Energy Ltd
NASDAQ:IREN
Average P/E: 131.2
Negative Multiple: -63.1
N/A
US
Salesforce Inc
NYSE:CRM
57.1
196%
DE
SAP SE
XETRA:SAP
92.4
41%
US
Adobe Inc
NASDAQ:ADBE
42.3
89%
US
N
NCR Corp
LSE:0K45
401.6
N/A
US
Intuit Inc
NASDAQ:INTU
64.2
146%
US
Palantir Technologies Inc
NYSE:PLTR
292.2
513%
US
Applovin Corp
NASDAQ:APP
92.8
569%
US
Microstrategy Inc
NASDAQ:MSTR
Negative Multiple: -197.9 N/A
US
Synopsys Inc
NASDAQ:SNPS
57.2
119%
US
Cadence Design Systems Inc
NASDAQ:CDNS
80.9
112%
EV/EBITDA Multiple
EBITDA Growth
AU
Iris Energy Ltd
NASDAQ:IREN
Average EV/EBITDA: 112
Negative Multiple: -57.3
N/A
US
Salesforce Inc
NYSE:CRM
30.1
90%
DE
SAP SE
XETRA:SAP
28.7
71%
US
Adobe Inc
NASDAQ:ADBE
26.5
69%
US
N
NCR Corp
LSE:0K45
380.6
-25%
US
Intuit Inc
NASDAQ:INTU
41.3
113%
US
Palantir Technologies Inc
NYSE:PLTR
338.7
880%
US
Applovin Corp
NASDAQ:APP
55.5
211%
US
Microstrategy Inc
NASDAQ:MSTR
Negative Multiple: -2 199.4
479%
US
Synopsys Inc
NASDAQ:SNPS
48.6
116%
US
Cadence Design Systems Inc
NASDAQ:CDNS
57.7
104%
EV/EBIT Multiple
EBIT Growth
AU
Iris Energy Ltd
NASDAQ:IREN
Average EV/EBIT: 207.8
Negative Multiple: -57.3
N/A
US
Salesforce Inc
NYSE:CRM
45.7
170%
DE
SAP SE
XETRA:SAP
33.5
84%
US
Adobe Inc
NASDAQ:ADBE
29.6
81%
US
N
NCR Corp
LSE:0K45
1 148.6
121%
US
Intuit Inc
NASDAQ:INTU
49.7
143%
US
Palantir Technologies Inc
NYSE:PLTR
368.9
1 135%
US
Applovin Corp
NASDAQ:APP
71.4
292%
US
Microstrategy Inc
NASDAQ:MSTR
Negative Multiple: -1 504
14 172%
US
Synopsys Inc
NASDAQ:SNPS
56.8
129%
US
Cadence Design Systems Inc
NASDAQ:CDNS
66
115%

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