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Irsa Inversiones Y Representaciones SA
(NYSE:IRS)
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Rating:68Neutral
Price Target:
$16.50
▲(8.91% Upside)
Action:Reiterated
Date:09/09/26
The score is driven by improving but still volatile fundamentals (earnings/cash-flow swings and higher debt by 2026) and a constructive earnings-call outlook with strong operational/portfolio momentum and liquidity. Valuation is a key positive due to the low P/E and high dividend yield, while technical indicators remain broadly neutral rather than strongly supportive.
Positive Factors
High occupancy and inflation-linked income
Very high mall occupancy supports recurring rental income, while the large fixed-revenue component provides contractual inflation adjustment. Together, these features can protect operating cash flow and preserve pricing power across the next several quarters despite uneven consumer demand.
Negative Factors
Debt growth increases financial sensitivity
Although leverage metrics remain moderate, the sharp increase in total debt raises exposure to refinancing conditions and interest costs. Higher obligations could constrain distributions or new investment if property cash flows weaken, making balance-sheet risk more relevant during the development cycle.
Read all positive and negative factors
Positive Factors
Negative Factors
High occupancy and inflation-linked income
Very high mall occupancy supports recurring rental income, while the large fixed-revenue component provides contractual inflation adjustment. Together, these features can protect operating cash flow and preserve pricing power across the next several quarters despite uneven consumer demand.
Read all positive factors
Irsa Inversiones Y Representaciones SA (IRS) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$1.31B
Dividend Yield9.2%
Average Volume (3M)131.55K
Price to Earnings (P/E)4.9
Beta (1Y)0.26
Revenue Growth-0.93%
EPS Growth30.70%
CountryUS
Employees1,392
SectorReal Estate
Sector Strength53
IndustryReal Estate - Diversified
Share Statistics
EPS (TTM)20124.40
Shares Outstanding84,611,595
10 Day Avg. Volume123,316
30 Day Avg. Volume131,550
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)0.09
Price to Sales (P/S)0.83
P/FCF Ratio6.54
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)1
Revenue Forecast (FY)$406.00M
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:Sep 04, 2026
(Q4-2026)
| % Change Since: |
Next Earnings Date:Nov 11, 2026
Earnings Call Sentiment Positive
The call was strongly positive overall. Management highlighted record net income and rental EBITDA, portfolio expansion, high occupancy, strong liquidity, development progress, and continued shareholder returns. These positives outweighed the explicitly noted challenges, including weaker consumption, an 8.5% real decline in tenant sales, mall margin compression, higher non-performing loans at Banco Hipotecario, a negative income tax impact, and a demanding project execution schedule.Positive Updates
Record Net Income
IRSA reported net income of ARS 420.9 billion for fiscal year 2026, compared with ARS 261.9 billion in the previous year. The improvement included a positive ARS 193.7 billion change in fair value, primarily from higher shopping mall valuations and a lower WACC.
Negative Updates
Weaker Consumer Environment
Management described consumption in Argentina as weaker and said the company had experienced a slowdown in consumption over recent quarters and the last two years.
Read all updates
Q4-2026 Updates
Positive
Negative
Record Net Income
IRSA reported net income of ARS 420.9 billion for fiscal year 2026, compared with ARS 261.9 billion in the previous year. The improvement included a positive ARS 193.7 billion change in fair value, primarily from higher shopping mall valuations and a lower WACC.
Read all positive updates
Company Guidance
Management expects to reach 410,000 sq m at the end of the next fiscal year and 432,000 sq m just in malls next year, with a portfolio of 19 shopping centers; Al Oeste is expected to open by the end of this calendar 2026, second quarter of 2027, while Distrito Diagonal is expected to be completed by May or June 2027, with cinema spaces ready for operator fit-out work in November and retail units handed over in January. Fiscal 2027 CapEx is estimated at $150 million, more or less, including recurring CapEx, expansions, Ramblas, and remaining acquisition payments, but excluding any new acquisitions. The Zetta expansion is expected to add more than 15,000 sq m of GLA for an estimated investment of $35 million, resulting in more than 47,500 sq m of GLA, with approximately 72% occupied by Mercado Libre.Irsa Inversiones Y Representaciones SA Financial Statement Overview
Summary
Income Statement
66
Positive
Balance Sheet
61
Positive
Cash Flow
54
Neutral
| Breakdown | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 657.60B | 490.53B | 458.06B | 462.49B | 256.98B |
| Gross Profit | 399.41B | 298.41B | 305.75B | 302.93B | 159.94B |
| EBITDA | 677.66B | 212.82B | -46.33B | 54.38B | 375.51B |
| Net Income | 393.51B | 109.57B | -40.61B | 312.05B | 276.74B |
Balance Sheet | |||||
| Total Assets | 4.85T | 2.50T | 2.24T | 2.64T | 803.67B |
| Cash, Cash Equivalents and Short-Term Investments | 572.39B | 186.06B | 148.96B | 160.30B | 67.30B |
| Total Debt | 1.02T | 455.48B | 377.70B | 412.24B | 163.76B |
| Total Liabilities | 2.43T | 1.27T | 1.09T | 1.21T | 437.77B |
| Stockholders Equity | 2.28T | 1.16T | 1.08T | 1.36T | 342.46B |
Cash Flow | |||||
| Free Cash Flow | 125.12B | 227.48M | 138.65B | 184.19B | 98.33B |
| Operating Cash Flow | 136.33B | 235.15M | 144.31B | 189.03B | 101.53B |
| Investing Cash Flow | -345.43B | -107.65M | 116.06B | 136.97B | 89.67B |
| Financing Cash Flow | 84.78B | 79.13M | -266.21B | -420.21B | -109.43B |
Irsa Inversiones Y Representaciones SA Technical Analysis
Positive
15.15
Price Trends
15.11
Negative
15.06
Positive
15.41
Negative
Market Momentum
0.02
Negative
52.27
Neutral
60.88
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 15.15 is above the 20-day moving average (MA) of 14.86, above the 50-day MA of 15.11, and below the 200-day MA of 15.41, indicating a neutral trend. The MACD of 0.02 indicates Negative momentum. The RSI at 52.27 is Neutral, neither overbought nor oversold. The STOCH value of 60.88 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 |
|---|---|---|---|---|---|---|---|
79 Outperform | $879.47M | 6.11 | 16.63% | 4.84% | -10.68% | 46.63% | |
68 Neutral | $1.31B | 4.89 | 17.62% | 9.20% | -0.93% | 30.70% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
55 Neutral | $878.00M | -5.57 | -21.01% | 214.04% | 8.37% | 51.01% | |
49 Neutral | $403.00M | -0.66 | -51.47% | 3.49% | 73.46% | -259.87% | |
44 Neutral | $987.05M | -78.35 | -6.61% | ― | 181.39% | -194.74% | |
43 Neutral | $659.53M | -21.92 | -5.81% | 5.00% | -31.82% | 55.14% |
* Real Estate Sector Average
IRS
Irsa Inversiones Y Representaciones SA
15.11
3.71
32.51%
CODI
Compass Diversified Holdings
11.53
4.40
61.71%
CRESY
Cresud Sociedad
12.08
4.13
52.01%
MATW
Matthews International
20.39
-3.02
-12.90%
FBYD
Falcon's Beyond Global
8.07
0.08
1.00%
FIP
FTAI Infrastructure Incorporation
3.44
-0.45
-11.64%
Irsa Inversiones Y Representaciones SA Corporate Events
IRSA Boosts Annual Profit and Expands Real Estate Portfolio in FY 2026
Sep 3, 2026
On September 3, 2026, IRSA reported results for the fiscal year ended June 30, 2026, posting net income of ARS 420,977 million, up from ARS 261,911 million a year earlier, with total comprehensive income of ARS 419,228 million and shareholdersR...
IRSA Advances Ramblas del Plata Project with USD 6.7 Million Barter Deal
Aug 31, 2026
On August 31, 2026, IRSA announced it had signed a barter agreement for a 2,095 sqm lot, with an estimated 7,483 sqm of saleable area, as part of the extended first stage of its “Ramblas del Plata” development. The transaction, valued ...
IRSA Schedules Fifth Interest Payment on Series XVIII USD Notes for August 28, 2026
Aug 21, 2026
IRSA announced that it will begin paying the fifth interest installment on its Fixed Rate Series XVIII Notes, with a principal amount of USD 21.4 million, on August 28, 2026. The notes, issued on February 28, 2024 and bearing a 7.00% annual nomina...
IRSA Signs $4 Million Barter Deal to Advance Ramblas del Plata Project
Jul 30, 2026
On July 30, 2026, IRSA Inversiones y Representaciones S.A. announced it had signed a barter agreement for a 2,360-square-meter lot, with an estimated 4,500 square meters of saleable area, within the extended first stage of its Ramblas del Plata de...
IRSA Announces Third Interest Payment on Series XXII Dollar Notes Due 2027
Jul 17, 2026
On July 16, 2026, IRSA Inversiones y Representaciones Sociedad Anónima announced it will begin paying the third interest installment on its Fixed Rate Series XXII Notes, a U.S. dollar-denominated issue with a principal of USD 15,799,810 due i...
IRSA to Pay Third Interest Installment on Series XXIII Notes on July 23, 2026
Jul 17, 2026
IRSA Inversiones y Representaciones Sociedad Anónima announced it will begin paying the third interest installment on its fixed-rate Series XXIII notes on July 23, 2026. The notes, issued on October 23, 2024, carry an annual nominal interest ...
IRSA Seals USD 14.2 Million Barter Deal for New Ramblas del Plata Lot
Jun 26, 2026
On June 26, 2026, IRSA Inversiones y Representaciones S.A. announced it had signed a barter agreement for a 6,947 sqm lot in the first stage of its Ramblas del Plata development, with an estimated saleable area of 17,500 sqm. The USD 14.175 millio...
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...
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.