IRSA Inversiones Y Representaciones S.A. Global Depositary Shares (Each representing ten shares of Common Stock) (IRS)

FairStock Score: 67/100 — STEADY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I look for businesses selling below intrinsic value, but I also demand a margin of safety. IRSA is an Argentine real estate operator with shopping malls, offices, hotels and developments. On the surface, the numbers are striking: at the 2026-10-13 close of $14.25, FairStock calculates a P/E of 4.27, P/B of 0.77, EV/EBITDA of 1.44 and a dividend yield of 15.50%. The Graham Number is $450.01, implying a 96.83% margin of safety, which is either a remarkable bargain or a warning that reported values are not comparable to the market price. In the latest quarter labeled 2026-Q2, revenue was $193.2B and net income $166.0B, an 85.89% margin. That is a high-quality quarter, but one quarter does not make a moat. The company's competitive position rests on real estate locations, yet ROCE is only 4.08% even though ROE is 18.09%, suggesting returns may come from leverage, revaluations or non-operating items rather than strong operating efficiency. Revenue growth was 0.87% and profit growth was -28.89%, so the trend is not impressive. Debt/equity of 0.42 is not extreme, but the Altman Z-Score of 0.30 signals meaningful financial distress risk. The Piotroski score is 6/9, middling. The provided trailing FCF of $141.8B against a $1.2B market cap gives a 11,530.2% FCF yield, a figure so extreme it likely reflects currency or accounting distortions. The computed Lynch category is none because only zero years of filed results were available, so I cannot classify it confidently. IRSA may be statistically cheap, but cheapness without reliable earnings power and asset values is not enough.

In plain English: IRSA is an Argentine real estate company that owns and operates shopping malls, offices, hotels and other properties. The business is profitable, with a very high reported profit margin in its latest quarter and a large dividend, but profits have fallen recently and its balance sheet shows distress risk. At the recent price, the shares look cheap compared with reported earnings and net assets, though the figures may be distorted by Argentina's currency and inflation.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer