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IRSA Inversiones Y Representaciones (IRS) Fair Value & Analysis

Real Estate · US · Market cap $1.4B · ISIN US4500472042

What is IRSA Inversiones Y Representaciones really worth?

II IRSA Inversiones Y Representaciones logo IRSA Inversiones Y Representaciones IRS · US
Price$15.08
Fair Value$21.71
Upside+44.0%
Quality44/100

Below-average quality, trading 31% below our fair value of $21.71.

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Strengths

Highly profitable · 72.5% net margin
Low debt · generates free cash flow
Ranks above peers (8/12)
Wide moat 77/100

Risks

!Expensive Growth (revenue 5y +60.6 %/yr)
!Evidence only medium, so the estimate is less certain
!The models disagree: range $21.71 to $54.71

For context

·14.43% dividend yield
Evidence: Medium Range $21.71 – $54.71

Fair value as of: Sep 3, 2026

From 11 valuation models · updated yesterday

Fair value updated Sep 3, 2026, revised from $21.81 to $21.71 (−0.4%) since Aug 27, 2026. Share price +0.7% over the past month.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

What matters now

  • The large discount to fair value meets weak quality (44/100). That raises the risk this is a value trap rather than a bargain.
  • The price is below even our cautious bear case ($21.71). The market is more pessimistic than our downside scenario.
  • A fairly wide model range ($21.71 to $54.71) leaves room in how you read the outcome.
  • As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.

Price vs Fair Value (5 years)

$18.41 $2.03 Fair Value $21.71 Jun 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 3, 2026.

How to read this chart

60‑month range $2.03 – $18.41 · fair‑value band $21.71 – $54.71 · the $15.08 price screens below the $21.71 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 4 fiscal years are left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Sep 3, 2026.

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Analysis

IRSA Inversiones Y Representaciones (IRS) currently trades at $15.08, while our model-based Fair Value estimate is $21.71, implying the stock looks roughly 30.5% undervalued today. The Quality Score stands at 44/100 (below-average quality), in the Real Estate sector. How firm this estimate is: it rests on 23 models at a data quality of 90/100, which puts the evidence level at medium.

Over the trailing twelve months, IRSA Inversiones Y Representaciones generated revenue of $522B at a net margin of 72.5%. Revenue grew 29.3% year over year. It earns a return on equity of 22.5%. Net debt stands at $419B. Fundamentals as of Sep 3, 2026

Our scenario range runs from $21.71 (bear case) to $54.71 (bull case); at $15.08, the current price sits below that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 21% below its 52-week high and 52% above its 52-week low, currently above its 200-day average. For context, the median of 10 Real Estate peers we cover trades at −23% fair-value upside, at 44%, IRS screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Residual Income best evidence $11,134 $11,970 $13,529 74
5Y EBITDA Exit $1,233 $8,009 69
5Y Revenue Exit $5,195 67
All 11 models by family
DCF Models
5Y Revenue Exit $5,195 67
5Y EBITDA Exit $1,233 $8,009 69
10Y Revenue Exit $2,199 62
10Y EBITDA Exit $1,061 $9,203 63
Multiples
P/S Multiple $16,511 $22,014 $27,518 58
P/B Multiple $16,511 $22,014 $27,518 55
EV/EBIT $727.05 $2,833 $4,940 59
EV/EBITDA $920.57 $2,549 62
EV/Revenue $880.23 50
Asset-Based
NCAV (Graham) $6,834 $9,158 $13,668 54
Economic Profit
Residual Income best evidence $11,134 $11,970 $13,529 74

Widest divergence: Economic Profit ($11,970) versus DCF Models ($1,061). Highest evidence: Residual Income (74).

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Key figures & financial health

P/E ratio 4.6
P/S ratio 1.03 P/E × margin
EPS (TTM) $3.26 price ÷ EPS = P/E 4.6
Dividend yield 14.4% payout 66.7%
Net margin 22.3% FY2025
Return on equity 22.5% TTM
More key figures
Profitability
Return on assets (EBIT) 0.2% avg 5y
Operating margin 44.4% TTM
Growth
Revenue (TTM) $522B TTM
Revenue growth (YoY) +29.3% 3y avg +24.0%
EPS growth (YoY) −27.6%
Balance sheet & cash flow
Free cash flow $227M FY2025
Net debt $419B FY2025

Figures from reported company fundamentals · as of Sep 3, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 44/100

Of which business quality 41 · Market factors (momentum, volatility) 53

Profitability 40
Margins and returns on capital today
Quality Growth 57
Are margins and returns improving?
Cashflow 33
Earnings quality: real cash, not paper profit
Fin. Strength 36
Balance sheet, leverage, solvency risk
Investment 33
Disciplined investing over empire-building
Low Volatility 60
Calm price path (market factor)
Momentum 48
Price trend over the last 3–12 months (market factor)
52W Momentum 56
Distance to the 52-week high (market factor)
Net Issuance 50
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

IRSA Inversiones y Representaciones Sociedad Anónima, together with its subsidiaries, engages in the diversified real estate activities in Argentina. It operates through five segments: Shopping Malls, Offices, Sales and Developments, Hotels, and Others.

Full company description

IRSA Inversiones y Representaciones Sociedad Anónima, together with its subsidiaries, engages in the diversified real estate activities in Argentina. It operates through five segments: Shopping Malls, Offices, Sales and Developments, Hotels, and Others. The company is involved in the acquisition, development, and operation of shopping malls, office buildings, and other non-shopping mall properties primarily for rental purposes; and lease and service related to rental of commercial space and other spaces. It also acquires and operates luxury hotels and resorts under the Intercontinental, Libertador, and Llao Llao names; develops, constructs, and sells residential properties, including apartment tower complexes; and acquires undeveloped land reserves for future development or sale. In addition, the company engages in the development and operation of stadium; and provision of ¡appa!, a digital customer loyalty system platform, for consumption in shopping malls, use of parking spaces, and redemption of corporate benefits. Further, it is involved in development, maintenance and sales of undeveloped parcels of land and/or trading properties; room, catering and restaurant services. The company was incorporated in 1943 and is headquartered in Buenos Aires, Argentina. IRSA Inversiones y Representaciones Sociedad Anónima operates as a subsidiary of Cresud S.A.C.I.F. y A.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

IRSA Inversiones Y Representaciones reported revenue of $491B in FY2025 versus $45.9B in FY2021, a compound +80.8%/yr. Reported net income was $110B in FY2025.

Growth Quality 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
$491B
Latest YoY
+7.1%
Avg. revenue growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+24.0%
Avg. revenue growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+60.6%
Avg. revenue growth/yr (27Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+34.2%
Value creation/yr (3Y) Earnings growth per share (CAGR 3 years, EBIT basis) plus dividend yield: value created per share and year.
−33.5% (−47.9 + 14.4)
Revenue +80.8%/yr
FY21 $45.9B
FY22 $257B
FY23 $462B
FY24 $458B
FY25 $491B
Net income
FY21 −$106B
FY22 $277B
FY23 $312B
FY24 −$40.6B
FY25 $110B

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Cite: Fair Value Calculator (2026). "IRSA Inversiones Y Representaciones Fair Value". https://www.fairvalue-calculator.com/stock/IRS

Peer Group

Real Estate Services · 523 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 45 · Below median
Fair Value upside +44% · Above median
Return on equity (TTM) 22% · Top 25%
Return on assets 4% · Top 25%
Net margin (TTM) 73% · Top 25%
Operating margin (TTM) 44% · Above median
Revenue growth 29% · Top 25%
Dividend yield (TTM) 14.4% · Top 25%
Debt / equity 0.44× · Higher than median

Valuation Multiples vs Real Estate Services median · lower = cheaper

P/E (TTM) 4.6× · Cheaper than 75% of peers
P/FCF 6.2× · Pricier than median
PEG 2.73× · Pricier than median

Strength profile in five axes (Snowflake)

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE92 · sector 30
FUTURE100 · sector 11
PAST90 · sector 17
HEALTH78 · sector 84
DIVIDEND100 · sector 63

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Real Estate Services stocks, each showing price versus our Fair Value estimate (as of Sep 3, 2026).

Stock Price Fair Value vs Fair Value
CBRE Group CBRE $148.74 $69.47 −53%
Vonovia SE VNA €19.85 €36.67 +85%
Cellnex Telecom, S.A CLNX €27.47 €25.46 −7%
KE Holdings BEKE $17.42 $6.57 −62%
Jones Lang LaSalle Incorporated JLL $378.01 $290.25 −23%
Swire Properties Limited 1972 HK$24.84 HK$5.12 −79%
CoStar Group CSGP $32.22 $4.64 −86%
China Resources Mixc Lifestyle Services Limited 1209 HK$39.84 HK$34.95 −12%
CapitaLand Investment Limited 9CI 2.66 SGD 0.4900 SGD −82%
Plaza S.A MALLPLAZA 4,040 CLP 4,571 CLP +13%

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Frequently asked questions

Is IRSA Inversiones Y Representaciones (IRS) overvalued or undervalued?
As of Sep 3, 2026, our model estimates a fair value of $21.71 versus a price of $15.08, about +44% upside (undervalued).
What is the fair value of IRS?
Our model-based fair value for IRSA Inversiones Y Representaciones is $21.71 (as of Sep 3, 2026), built from audited fundamentals. The current price: $15.08.
What is the quality score of IRS?
IRSA Inversiones Y Representaciones has a Quality Score of 44/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of IRSA Inversiones Y Representaciones (IRS)?
IRSA Inversiones Y Representaciones reported trailing-twelve-month revenue of about $522B (latest available figure, as of Sep 3, 2026).
What is the net profit margin of IRS?
The net profit margin of IRSA Inversiones Y Representaciones is about 72.5%, meaning it keeps roughly 72.5% of revenue as net income. Based on the latest reported figures.
Does IRSA Inversiones Y Representaciones pay a dividend?
IRSA Inversiones Y Representaciones currently shows a dividend yield of about 14.43% relative to its recent price (as of Sep 3, 2026).
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