IRSA Inversiones y Representaciones SA (IRSA) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of IRSA Inversiones y Representaciones SA ARS 2,941, price ARS 2,415, upside +21.8%, quality 56 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range 46.16 ARS – 2,790 ARS · fair‑value band 1,523 ARS – 5,098 ARS · the 2,415 ARS price screens below the 2,941 ARS fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
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IRSA Inversiones y Representaciones, 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.
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IRSA Inversiones y Representaciones, 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 operates as a subsidiary of Cresud S.A.C.I.F. y A.
Stock analysis
IRSA Inversiones y Representaciones SA (IRSA) currently trades at 2,415 ARS, while our model-based Fair Value estimate is 2,941 ARS, implying the stock looks roughly 17.9% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of 5,083 ARS per share, and 11 of the 13 models we run sit above the 2,415 ARS price.
Bear case: the Asset-Based group reads lowest at 854.13 ARS, and 2 of the 13 models stay below the price. Evidence for this calculation is medium.
Scenario range: 1,523 ARS (bear) to 5,098 ARS (bull), the price of 2,415 ARS sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 56/100 (solid quality), in the Real Estate sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
IRSA Inversiones y Representaciones SA reported revenue of 458B ARS in FY2024 versus 95.8B ARS in FY2020, a compound +47.9%/yr. Reported net income was −40.6B ARS in FY2024.
Key figures
Market cap 2.1T ARS (≈ $1.5B) · P/E ratio 5.2 · P/S ratio 4.07 · EPS (TTM) 468.37 ARS · Dividend yield 9.3% · Net margin −8.9% · Return on equity 22.5% · Return on assets (EBIT) 4.0%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 37 out of 100 (medium confidence).
What moves the price
The share trades about 13% below its 52-week high and 40% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Real Estate peers we cover trades at −37% fair-value upside, at 22%, IRSA screens cheaper than that median.
Fair Value models
Bear 1,523 ARSFair Value 2,941 ARSBull 5,098 ARS
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single 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 ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.83/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+413.0%
Revenue growth 3 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+228.0%
Revenue growth 5 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+50.5%
Revenue growth 24 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+38.2%
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Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
14.7% (2018) → 46.4% (2024)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2024 is a loss year, no rate is defined from a loss
not computed
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+30.7%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Argentina: IMF forecast 13.8% a year to 2030) that is about +14.8% a year for the price.
Compare IRSA Inversiones y Representaciones SA with another stock
Price, fair value, quality and upside side by side.
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Peer Groupⓘ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.Real Estate Services · 546 stocks
Beats the industry median on 13/15 measures
Overall it ranks above its industry peers.
Valuation
Quality Score57 · Above median
Fair Value upside+22% · Above median
Profitability
Return on equity (TTM)22% · Top 25%
Return on assets4% · Top 25%
Net margin (TTM)73% · Top 25%
Operating margin (TTM)44% · Above median
Growth and dividend
Revenue growth29% · Top 25%
Dividend yield (TTM)9.3% · Top 25%
Balance sheet
Debt / equity0.17× · Below median
Valuation Multiplesvs Real Estate Services median · lower = cheaper
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Cite: Fair Value Calculator (2026). "IRSA Inversiones y Representaciones SA Fair Value". https://www.fairvalue-calculator.com/stock/IRSA
Frequently asked questions
Is IRSA Inversiones y Representaciones SA (IRSA) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 2,941 ARS versus a price of 2,415 ARS, about +22% upside (undervalued).
What is the fair value of IRSA?
Our model-based fair value for IRSA Inversiones y Representaciones SA is 2,941 ARS (as of Sep 24, 2026), built from audited fundamentals. The current price: 2,415 ARS.
What is the quality score of IRSA?
IRSA Inversiones y Representaciones SA has a Quality Score of 56/100. 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 price target for IRSA Inversiones y Representaciones SA (IRSA)?
Our model-based price target is the fair value of 2,941 ARS (as of Sep 24, 2026) from 13 valuation models. Cautious scenario 1,523 ARS, optimistic scenario 5,098 ARS. It is a calculation from audited fundamentals, not an analyst target.
What is the IRSA Inversiones y Representaciones SA stock forecast for 2026?
Our models put fair value at 2,941 ARS, about +22% upside versus a price of 2,415 ARS (undervalued). Cautious scenario 1,523 ARS, optimistic scenario 5,098 ARS. The calculation is refreshed regularly with new filings.
What is the revenue of IRSA Inversiones y Representaciones SA (IRSA)?
IRSA Inversiones y Representaciones SA reported trailing-twelve-month revenue of about 522B ARS (latest available figure, as of Sep 24, 2026).
Does IRSA Inversiones y Representaciones SA pay a dividend?
IRSA Inversiones y Representaciones SA currently shows a dividend yield of about 9.31% relative to its recent price (as of Sep 24, 2026).
What growth is priced into IRSA Inversiones y Representaciones SA (IRSA)?
For today's price to be fair in a discounted-cash-flow model, IRSA Inversiones y Representaciones SA would have to grow free cash flow by +30.7 % per year for five years (discount rate 19.2 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +50.5 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of IRSA use?
Our models discount IRSA Inversiones y Representaciones SA at 19.2 %: a base by market capitalisation (small), damped by beta 0.04, country premium for Argentina. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For IRSA Inversiones y Representaciones SA that is +30.7 % per year a year over ten years, using the same discount rate (19.2 %) and the same formula as our fair value.
How much growth has IRSA Inversiones y Representaciones SA (IRSA) delivered so far?
Over the past 5 years revenue at IRSA Inversiones y Representaciones SA grew +50.5 % a year. The price currently implies +30.7 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of IRSA Inversiones y Representaciones SA (IRSA) growing?
The median revenue growth in the sector is +1.8 % a year. That is the yardstick for the growth priced into IRSA Inversiones y Representaciones SA (+30.7 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of IRSA Inversiones y Representaciones SA (IRSA)?
The free-cash-flow yield on the price is 5.54 %: that much free cash flow IRSA Inversiones y Representaciones SA produces per unit of market value. When it exceeds the discount rate of our models (19.2 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of IRSA Inversiones y Representaciones SA (IRSA)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For IRSA Inversiones y Representaciones SA it is 2,941 ARS per share (as of Sep 24, 2026), against a price of 2,415 ARS. It is the blended result of 13 valuation models (cash flow, earnings, asset, dividend).
Is IRSA Inversiones y Representaciones SA stock overvalued or undervalued in 2026?
As of Sep 24, 2026, IRSA trades below its calculated fair value: price 2,415 ARS, fair value 2,941 ARS, a gap of about +22% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of IRSA?
No. The price is what the market pays today (2,415 ARS); the fair value is what the company's own numbers justify (2,941 ARS). For IRSA Inversiones y Representaciones SA the two are 526.22 ARS per share apart. That gap is exactly why we show both numbers side by side.
How much is IRSA Inversiones y Representaciones SA worth?
The market values IRSA Inversiones y Representaciones SA at about 2.1T ARS (market capitalisation, as of Sep 24, 2026). Per share that is 2,415 ARS; our models calculate a fair value of 2,941 ARS per share.
What do the bullish and bearish scenarios say about IRSA?
Our models span a range for IRSA Inversiones y Representaciones SA: cautious scenario 1,523 ARS, base 2,941 ARS, optimistic 5,098 ARS per share (as of Sep 24, 2026, price 2,415 ARS). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of IRSA?
IRSA Inversiones y Representaciones SA trades at a price-to-earnings ratio of 5.2 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 2,941 ARS is built from several models across several years. Other multiples: PEG 0.3, P/B 2.0, P/S 4.1, EV/EBITDA 9.2.
What is the PEG ratio of IRSA?
The PEG ratio of IRSA Inversiones y Representaciones SA is 0.34 (P/E divided by earnings growth, as of Sep 24, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of IRSA Inversiones y Representaciones SA (IRSA)?
Balance-sheet figures for IRSA Inversiones y Representaciones SA (as of Sep 24, 2026): return on equity 22.5%, debt of 0.17 per unit of equity. They feed the Quality Score of 56/100, which measures business quality independently of the share price.
How far is IRSA from its 52-week high?
IRSA Inversiones y Representaciones SA trades at 2,415 ARS, about 13% below its 52-week high of 2,790 ARS and 40% above the low of 1,730 ARS (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of 2,941 ARS is for.
Which stocks are comparable to IRSA Inversiones y Representaciones SA?
From the same area (Real Estate) we also value Vingroup Joint Stock Company, CBRE Group, Vonovia SE, Cellnex Telecom, S.A, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is IRSA Inversiones y Representaciones SA stock attractive at the current price?
The data as of Sep 24, 2026: price 2,415 ARS, calculated fair value 2,941 ARS (+22%), Quality Score 56/100, from 13 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of IRSA calculated?
We run IRSA Inversiones y Representaciones SA through 13 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 2,941 ARS, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.1 % above its aggregate fair value. IRSA Inversiones y Representaciones SA currently trades 22 % below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of IRSA Inversiones y Representaciones SA (IRSA)?
The closing price on Sep 23, 2026 was 2,415 ARS. Our model-based fair value is 2,941 ARS, about +22% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with IRSA Inversiones y Representaciones SA right now?
The model range is unusually wide (1,523 ARS to 5,098 ARS). The outcome hinges heavily on assumptions, so read the point estimate with caution. Solid quality (56/100) at a price below fair value, the discount is the argument here, not the business quality. As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
Key figures of IRSA Inversiones y Representaciones SA
How large is the market capitalisation of IRSA Inversiones y Representaciones SA (IRSA)?
The market capitalisation of IRSA Inversiones y Representaciones SA is 2.1T ARS (≈ $1.5B). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of IRSA Inversiones y Representaciones SA (IRSA)?
The price-to-sales ratio of IRSA Inversiones y Representaciones SA is 4.07 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of IRSA Inversiones y Representaciones SA (IRSA)?
Earnings per share at IRSA Inversiones y Representaciones SA are 468.37 ARS (price ÷ EPS = P/E 5.2). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of IRSA Inversiones y Representaciones SA (IRSA)?
The dividend yield of IRSA Inversiones y Representaciones SA is 9.3% (payout 48.0%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of IRSA Inversiones y Representaciones SA (IRSA)?
The net margin of IRSA Inversiones y Representaciones SA is −8.9% (fiscal year 2024). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of IRSA Inversiones y Representaciones SA (IRSA)?
The return on equity (ROE) of IRSA Inversiones y Representaciones SA is 22.5% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of IRSA Inversiones y Representaciones SA (IRSA)?
On an EBIT basis the return on assets of IRSA Inversiones y Representaciones SA is 4.0% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of IRSA Inversiones y Representaciones SA (IRSA)?
The operating margin of IRSA Inversiones y Representaciones SA is 44.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at IRSA Inversiones y Representaciones SA (IRSA)?
Revenue at IRSA Inversiones y Representaciones SA is growing +29.3% versus a year earlier (3y avg +228%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at IRSA Inversiones y Representaciones SA (IRSA)?
Earnings per share at IRSA Inversiones y Representaciones SA are growing −27.6% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does IRSA Inversiones y Representaciones SA (IRSA) carry?
The net debt of IRSA Inversiones y Representaciones SA is 338B ARS (fiscal year 2024, ≈ 3.4 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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