Iris Energy Ltd IREN

Morningstar Rating
$8.85 −0.28 (3.07%)
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About Quantitative Ratings

Morningstar Quantitative Ratings for Stocks are generated using an algorithm that compares companies that are not under analyst coverage to peer companies that do receive analyst-driven ratings. Companies with quantitative ratings are not formally covered by a Morningstar analyst, but are statistically matched to analyst-rated companies, allowing our models to calculate a quantitative moat, fair value, and uncertainty rating.

Price vs Fair Value

IREN is trading at a 43% premium.
Price
$8.88
Fair Value
$71.88
Uncertainty
Very High
1-Star Price
$81.46
5-Star Price
$3.68
Economic Moat
Pky
Capital Allocation

News

Trading Information

Previous Close Price
$9.13
Day Range
$8.749.38
52-Week Range
$2.7915.75
Bid/Ask
$8.86 / $8.87
Market Cap
$1.68 Bil
Volume/Avg
14.1 Mil / 15.5 Mil

Key Statistics

Price/Earnings (Normalized)
Price/Sales
4.67
Dividend Yield (Trailing)
0.00%
Dividend Yield (Forward)
0.00%
Total Yield

Company Profile

Iris Energy Ltd is a Bitcoin mining company. It builds, owns, and operates data centers and electrical infrastructure for the mining of Bitcoin powered by renewable energy. The company's mining operations generate revenue by earning Bitcoin through a combination of block rewards and transaction fees from the operation of its specialized computers called Application-specific Integrated Circuits and exchanging these Bitcoin for currencies such as USD or CAD on a daily basis.
Sector
Financial Services
Industry
Capital Markets
Stock Style Box
Mid Growth
Total Number of Employees
144

Comparables

Valuation

Metric
IREN
CIFR
001286
Price/Earnings (Normalized)
12.5914.12
Price/Book Value
1.581.961.63
Price/Sales
4.677.421.85
Price/Cash Flow
21.535.05
Price/Earnings
IREN
CIFR
001286

Financial Strength

Metric
IREN
CIFR
001286
Quick Ratio
8.643.380.50
Current Ratio
8.878.490.58
Interest Coverage
−122.8514.377.37
Quick Ratio
IREN
CIFR
001286

Profitability

Metric
IREN
CIFR
001286
Return on Assets (Normalized)
−1.99%16.15%4.38%
Return on Equity (Normalized)
−2.19%18.66%11.98%
Return on Invested Capital (Normalized)
−2.75%17.79%6.13%
Return on Assets
IREN
CIFR
001286

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