Financials Iron Mountain Incorporated

Equities

IRM

US46284V1017

Specialized REITs

Market Closed - Nyse 04:00:02 2024-04-26 pm EDT 5-day change 1st Jan Change
77.52 USD +0.34% Intraday chart for Iron Mountain Incorporated +3.22% +10.77%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 9,151 8,495 15,152 14,492 20,433 22,721 - -
Enterprise Value (EV) 1 17,622 16,994 24,168 24,919 32,144 35,249 35,748 35,752
P/E ratio 34.3 x 24.8 x 33.8 x 26.2 x 111 x 46.6 x 44.6 x 38.2 x
Yield 7.69% 8.39% 4.73% 4.96% 3.63% 3.4% 3.58% 3.68%
Capitalization / Revenue 2.15 x 2.05 x 3.37 x 2.84 x 3.73 x 3.73 x 3.42 x 3.16 x
EV / Revenue 4.13 x 4.1 x 5.38 x 4.88 x 5.87 x 5.78 x 5.38 x 4.96 x
EV / EBITDA 12.3 x 11.5 x 14.8 x 13.6 x 16.4 x 16.1 x 14.9 x 13.7 x
EV / FCF 64.4 x 30.9 x 163 x 476 x -142 x 92.3 x 44.5 x -
FCF Yield 1.55% 3.23% 0.61% 0.21% -0.7% 1.08% 2.25% -
Price to Book 6.26 x 7.49 x 17.7 x 22.8 x 96.6 x -1,108 x -95.7 x -56.2 x
Nbr of stocks (in thousands) 287,143 288,171 289,549 290,714 291,990 293,096 - -
Reference price 2 31.87 29.48 52.33 49.85 69.98 77.52 77.52 77.52
Announcement Date 2/13/20 2/24/21 2/24/22 2/23/23 2/22/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 4,263 4,147 4,492 5,104 5,480 6,098 6,640 7,201
EBITDA 1 1,438 1,476 1,635 1,827 1,962 2,191 2,406 2,617
EBIT 1 779.4 823.7 954.3 1,099 921.8 1,220 1,323 1,469
Operating Margin 18.28% 19.86% 21.25% 21.54% 16.82% 20% 19.92% 20.4%
Earnings before Tax (EBT) 1 328.1 372.7 629 631.6 227.2 436.8 535.7 750.8
Net income 1 267.4 342.7 450.2 557 184.2 503.2 550.7 719.9
Net margin 6.27% 8.26% 10.02% 10.91% 3.36% 8.25% 8.29% 10%
EPS 2 0.9300 1.190 1.550 1.900 0.6300 1.665 1.738 2.029
Free Cash Flow 1 273.7 549.4 147.8 52.32 -225.7 382 803 -
FCF margin 6.42% 13.25% 3.29% 1.03% -4.12% 6.26% 12.09% -
FCF Conversion (EBITDA) 19.04% 37.23% 9.04% 2.86% - 17.44% 33.38% -
FCF Conversion (Net income) 102.35% 160.32% 32.83% 9.39% - 75.91% 145.81% -
Dividend per Share 2 2.452 2.474 2.474 2.474 2.540 2.634 2.777 2.855
Announcement Date 2/13/20 2/24/21 2/24/22 2/23/23 2/22/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1
Net sales 1 1,130 1,160 1,248 1,290 1,287 1,279 1,314 1,358 1,388 1,420 1,453 1,507 1,543 1,578 1,609
EBITDA 1 417.8 430.7 431 454.7 469.4 471.9 460.8 475.7 500 525.2 512.2 535.3 562.5 590.5 567.7
EBIT 1 243 257.5 247.4 276.5 294.4 281.3 278.7 212.5 237.8 230.8 280.5 284.7 314.7 340 310.6
Operating Margin 21.5% 22.2% 19.82% 21.44% 22.87% 21.99% 21.21% 15.65% 17.13% 16.25% 19.31% 18.9% 20.39% 21.55% 19.3%
Earnings before Tax (EBT) 1 96.13 84.68 51.79 219.9 216.9 143 82.29 5.398 101.3 38.21 96.81 86.56 114.4 139.1 128.9
Net income 1 67.68 61.65 42.3 200.1 192.2 122.4 64.6 0.114 91.04 28.48 79.64 71.14 94.2 114.7 105
Net margin 5.99% 5.32% 3.39% 15.52% 14.93% 9.57% 4.91% 0.01% 6.56% 2.01% 5.48% 4.72% 6.1% 7.27% 6.52%
EPS 2 0.2300 0.2100 0.1400 0.6800 0.6600 0.4200 0.2200 - 0.3100 0.1000 0.3415 0.3474 0.4202 0.4833 0.3895
Dividend per Share 2 0.6185 0.6185 0.6185 0.6185 0.6185 0.6185 0.6185 0.6185 0.6500 0.6500 0.6421 0.6496 0.6821 0.6796 0.6642
Announcement Date 11/4/21 2/24/22 4/28/22 8/4/22 11/3/22 2/23/23 5/4/23 8/3/23 11/2/23 2/22/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 8,471 8,498 9,016 10,427 11,710 12,528 13,028 13,031
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 5.892 x 5.759 x 5.515 x 5.707 x 5.97 x 5.719 x 5.415 x 4.979 x
Free Cash Flow 1 274 549 148 52.3 -226 382 803 -
ROE (net income / shareholders' equity) 17.7% 26.4% 45.2% 74.6% 43.4% 660% - -
ROA (Net income/ Total Assets) 2.29% 2.46% 3.15% 3.64% 1.1% 2.65% 2.87% 3.2%
Assets 1 11,697 13,951 14,300 15,293 16,807 18,961 19,199 22,496
Book Value Per Share 2 5.090 3.940 2.950 2.190 0.7200 -0.0700 -0.8100 -1.380
Cash Flow per Share 3.330 3.420 2.610 4.040 - - - -
Capex 1 693 438 611 875 1,339 1,494 1,397 1,417
Capex / Sales 16.26% 10.57% 13.61% 17.15% 24.44% 24.5% 21.04% 19.67%
Announcement Date 2/13/20 2/24/21 2/24/22 2/23/23 2/22/24 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
A-
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
8
Last Close Price
77.52 USD
Average target price
78.62 USD
Spread / Average Target
+1.43%
Consensus
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