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IRSA Propiedades Comerciales S.A
Buy, Hold or Sell?

Let's analyse Irsa together

PenkeI guess you are interested in IRSA Propiedades Comerciales S.A. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

I'm going to help you getting a better view of IRSA Propiedades Comerciales S.A. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

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Quick analysis of Irsa (30 sec.)










What can you expect buying and holding a share of Irsa? (30 sec.)

How much money do you get?

How much money do you get?
ARS0.02
When do you have the money?
1 year
How often do you get paid?
100.0%

What is your share worth?

Current worth
ARS144.14
Expected worth in 1 year
ARS162.17
How sure are you?
100.0%

+ What do you gain per year?

Total Gains per Share
ARS37.15
Return On Investment
28.8%

For what price can you sell your share?

Current Price per Share
ARS128.90
Expected price per share
ARS128.90 - ARS128.90
How sure are you?
50%
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1. Valuation of Irsa (5 min.)




Live pricePrice per Share (EOD)

ARS128.90

Intrinsic Value Per Share

ARS-14.11 - ARS51.00

Total Value Per Share

ARS130.03 - ARS195.14

2. Growth of Irsa (5 min.)




Is Irsa growing?

Current yearPrevious yearGrowGrow %
How rich?$93.6m$90.6m$2.9m3.1%

How much money is Irsa making?

Current yearPrevious yearGrowGrow %
Making money-$26.3m$20.5m-$46.8m-177.9%
Net Profit Margin-199.3%146.4%--

How much money comes from the company's main activities?

3. Financial Health of Irsa (5 min.)




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What can you expect buying and holding a share of Irsa? (5 min.)

Welcome investor! Irsa's management wants to use your money to grow the business. In return you get a share of Irsa.

What can you expect buying and holding a share of Irsa?

First you should know what it really means to hold a share of Irsa. And how you can make/lose money.

Speculation

The Price per Share of Irsa is ARS128.90. The market price reflects what other people think it is worth; not what it's really worth. Your job is to find out if the market price is fair, overpriced, or underpriced. I will help you with that.

If you buy blind, there is a 50% chance of making or losing money by selling the stock in the future. However, we can look at a few things to determine the odds in our favor:

  • The fundamentals: the financial health trends of Irsa.
  • The technials: based on market psychology, we can make a calculated estimate of what the price will do in the future. We can do this through technical analysis. We can calculate the probabilities and the expected value (millionaire math). That's called speculation.
  • The book value: what is the market price compared to it's book value.

Investing

If you really want to invest in Irsa, you will have to let go of the thought of selling in the future. If you have to sell the share for less than you bought it, it can still be a good investment. Focus on what it means to hold the stock forever:

  • You own a part of the company. The equity of this part can grow or shrink. The current Book Value per Share is ARS144.14. Based on the TTM, the Book Value Change Per Share is ARS4.51 per quarter. Based on the YOY, the Book Value Change Per Share is ARS64.60 per quarter.
  • You may receive quarterly/yearly dividend in the form of additional shares.
  • You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is ARS4.78 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Irsa.

How much money are you going to get?

 MRQTTMYOY5Y10Y
 ARS% of Price per ShareARS% of Price per ShareARS% of Price per ShareARS% of Price per ShareARS% of Price per Share
Usd Eps-0.050.0%-0.050.0%0.060.0%-0.010.0%0.000.0%
Usd Book Value Change Per Share0.010.0%0.010.0%0.080.1%0.030.0%0.030.0%
Usd Dividend Per Share0.010.0%0.010.0%0.000.0%0.000.0%0.000.0%
Usd Total Gains Per Share0.010.0%0.010.0%0.080.1%0.040.0%0.030.0%
Usd Price Per Share0.00-0.00-0.00-0.00-0.00-
Price to Earnings Ratio-0.03--0.03-0.01--0.16--0.13-
Price-to-Total Gains Ratio0.12-0.12-0.01-0.04-0.05-
Price to Book Ratio0.01-0.01-0.00-0.01-0.02-
Price-to-Total Gains Ratio0.12-0.12-0.01-0.04-0.05-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share0.15468
Number of shares6464
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.010.00
Usd Book Value Change Per Share0.010.03
Usd Total Gains Per Share0.010.04
Gains per Quarter (6464 shares)72.04239.73
Gains per Year (6464 shares)288.15958.90
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
114814027884875949
229728056616717511908
344542085425126262867
4593559114233435013826
5742699143041843764785
6890839171850252525744
71038979200658561276703
811861119229466970027662
913351259258275378788621
1014831398287083687539580

How sure are you?

Based on the past periods, how sure are you to get value out of your investment.

Linear %
 Trailing 12 Months3Y5 Year10 YearALLTIME
  % % % % %
Earnings Per Share0.01.00.00.0%1.02.00.033.3%2.03.00.040.0%3.03.00.050.0%3.03.00.050.0%
Book Value Change Per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%6.00.00.0100.0%6.00.00.0100.0%
Dividend per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%6.00.00.0100.0%6.00.00.0100.0%
Total Gains per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%6.00.00.0100.0%6.00.00.0100.0%
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Fundamentals of Irsa

About IRSA Propiedades Comerciales S.A

IRSA Propiedades Comerciales S.A. operates as an investment arm of IRSA Inversiones y Representaciones S.A. Alto Palermo S.A. engages in the ownership, acquisition, development, leasing, management, and operation of shopping centers, as well as residential and commercial complexes in Argentina. As of June 30, 2007, it owned and operated ten shopping centers covering a total of 264,995 square meters in Argentina, including six in the Buenos Aires metropolitan area and four in the provinces of Cordoba, Mendoza, Salta, and Santa Fe; and a condominium called Torres de Abasto located in front of the Abasto Shopping Center in Buenos Aires. The company offers leases to retail tenants in its ten shopping centers; administration and maintenance of common areas; administration of contributions made by tenants to finance promotional efforts for the shopping centers; and parking lot services for visitors. The company also offers credit card consumer finance service, through the issuance of its Tarjeta Shopping and Tarjeta Shopping Metroshop credit cards, for consumers at shopping centers, hypermarkets, and street stores. It also engages in the development and sale of residential properties, and acquisition and sale of undeveloped parcels of land for future development. In addition, it engages in the development of condominiums associated with its shopping centers. The company was founded in 1889 and is headquartered in Buenos Aires, Argentina.

Fundamental data was last updated by Penke on 2024-02-28 04:51:02.

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
The company is making a huge loss.
Using its assets, the company is very inefficient in making profit.
Using its investors money, the company is very inefficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
The company is operating less efficient.
The company is inefficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared to industry
The company is just able to pay all its short-term debts.
The company is very able to pay all its short-term debts with the most liquid assets.
Solvency Details
 Compared to previous yearCompared to industry
The company is able to pay all its debts by selling its assets.
The company is able to pay all its debts with equity.

Valuation

Valuation Details
 Compared to previous yearCompared to industry
Based on the equity, the company is cheap.
Based on the earnings, the company is expensive.
Based on how much money comes from the company's main activities, the company is cheap.
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1.1. Profitability of IRSA Propiedades Comerciales S.A.

1.1. Profitability
1.1.1. Net Profit Margin

Measures how much net profit Irsa earns for each $1 of revenue.

  • Above 10% is considered healthy but always compare Irsa to the  industry mean.
  • A Net Profit Margin of -199.3% means that $-1.99 for each $1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of IRSA Propiedades Comerciales S.A:

  • The MRQ is -199.3%. The company is making a huge loss. -2
  • The TTM is -199.3%. The company is making a huge loss. -2
Trends
Current periodCompared to+/- 
MRQ-199.3%TTM-199.3%0.0%
TTM-199.3%YOY146.4%-345.7%
TTM-199.3%5Y17.8%-217.1%
5Y17.8%10Y18.3%-0.6%
1.1.2. Return on Assets

Shows how efficient Irsa is using its assets to generate profit.

  • Above 5% is considered healthy but always compare Irsa to the  industry mean.
  • -12.4% Return on Assets means that Irsa generated $-0.12 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of IRSA Propiedades Comerciales S.A:

  • The MRQ is -12.4%. Using its assets, the company is very inefficient in making profit. -2
  • The TTM is -12.4%. Using its assets, the company is very inefficient in making profit. -2
Trends
Current periodCompared to+/- 
MRQ-12.4%TTM-12.4%0.0%
TTM-12.4%YOY11.8%-24.2%
TTM-12.4%5Y1.4%-13.8%
5Y1.4%10Y2.7%-1.2%
1.1.3. Return on Equity

Shows how efficient Irsa is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare Irsa to the  industry mean.
  • -30.3% Return on Equity means Irsa generated $-0.30 for each $1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of IRSA Propiedades Comerciales S.A:

  • The MRQ is -30.3%. Using its investors money, the company is very inefficient in making profit. -2
  • The TTM is -30.3%. Using its investors money, the company is very inefficient in making profit. -2
Trends
Current periodCompared to+/- 
MRQ-30.3%TTM-30.3%0.0%
TTM-30.3%YOY23.9%-54.2%
TTM-30.3%5Y0.5%-30.8%
5Y0.5%10Y9.6%-9.0%
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1.2. Operating Efficiency of IRSA Propiedades Comerciales S.A.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Irsa is operating .

  • Measures how much profit Irsa makes for each $1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
  • Above 15% is considered healthy but always compare Irsa to the  industry mean.
  • An Operating Margin of 5.9% means the company generated $0.06  for each $1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of IRSA Propiedades Comerciales S.A:

  • The MRQ is 5.9%. The company is operating less efficient.
  • The TTM is 5.9%. The company is operating less efficient.
Trends
Current periodCompared to+/- 
MRQ5.9%TTM5.9%0.0%
TTM5.9%YOY73.7%-67.9%
TTM5.9%5Y91.3%-85.4%
5Y91.3%10Y85.0%+6.3%
1.2.2. Operating Ratio

Measures how efficient Irsa is keeping operating costs low.

  • Below 1 is considered healthy (always compare to  industry mean).
  • An Operation Ratio of 1.10 means that the operating costs are $1.10 for each $1 in net sales.

Let's take a look of the Operating Ratio trends of IRSA Propiedades Comerciales S.A:

  • The MRQ is 1.096. The company is inefficient in keeping operating costs low. -1
  • The TTM is 1.096. The company is inefficient in keeping operating costs low. -1
Trends
Current periodCompared to+/- 
MRQ1.096TTM1.0960.000
TTM1.096YOY0.876+0.220
TTM1.0965Y0.897+0.198
5Y0.89710Y0.909-0.012
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1.3. Liquidity of IRSA Propiedades Comerciales S.A.

1.3. Liquidity
1.3.1. Current Ratio

Measures if Irsa is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to  industry mean).
  • A Current Ratio of 1.11 means the company has $1.11 in assets for each $1 in short-term debts.

Let's take a look of the Current Ratio trends of IRSA Propiedades Comerciales S.A:

  • The MRQ is 1.109. The company is just able to pay all its short-term debts.
  • The TTM is 1.109. The company is just able to pay all its short-term debts.
Trends
Current periodCompared to+/- 
MRQ1.109TTM1.1090.000
TTM1.109YOY0.527+0.581
TTM1.1095Y1.668-0.560
5Y1.66810Y1.766-0.097
1.3.2. Quick Ratio

Measures if Irsa is able to pay off Short-term Debt but only using the most liquid assets.

  • Above 1 is considered healthy but always compare Irsa to the  industry mean.
  • A Quick Ratio of 1.66 means the company can pay off $1.66 for each $1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of IRSA Propiedades Comerciales S.A:

  • The MRQ is 1.662. The company is very able to pay all its short-term debts with the most liquid assets. +2
  • The TTM is 1.662. The company is very able to pay all its short-term debts with the most liquid assets. +2
Trends
Current periodCompared to+/- 
MRQ1.662TTM1.6620.000
TTM1.662YOY0.496+1.166
TTM1.6625Y1.661+0.001
5Y1.66110Y1.616+0.046
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1.4. Solvency of IRSA Propiedades Comerciales S.A.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

Measures how much % of Irsa assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare Irsa to industry mean.
  • A Debt to Asset Ratio of 0.56 means that Irsa assets are financed with 56.0% credit (debt) and the remaining percentage (100% - 56.0%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of IRSA Propiedades Comerciales S.A:

  • The MRQ is 0.560. The company is able to pay all its debts by selling its assets. +1
  • The TTM is 0.560. The company is able to pay all its debts by selling its assets. +1
Trends
Current periodCompared to+/- 
MRQ0.560TTM0.5600.000
TTM0.560YOY0.477+0.083
TTM0.5605Y0.487+0.074
5Y0.48710Y0.542-0.056
1.4.2. Debt to Equity Ratio

Measures if Irsa is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but always compare Irsa to the  industry mean.
  • A Debt to Equity ratio of 137.2% means that company has $1.37 debt for each $1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of IRSA Propiedades Comerciales S.A:

  • The MRQ is 1.372. The company is able to pay all its debts with equity. +1
  • The TTM is 1.372. The company is able to pay all its debts with equity. +1
Trends
Current periodCompared to+/- 
MRQ1.372TTM1.3720.000
TTM1.372YOY0.964+0.407
TTM1.3725Y1.015+0.356
5Y1.01510Y1.699-0.683
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2. Market Valuation of IRSA Propiedades Comerciales S.A

2.1. Earnings Per Share
2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every $1 in earnings Irsa generates.

  • Above 15 is considered overpriced but always compare Irsa to the  industry mean.
  • A PE ratio of -0.03 means the investor is paying $-0.03 for every $1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of IRSA Propiedades Comerciales S.A:

  • The EOD is -3.181. Based on the earnings, the company is expensive. -2
  • The MRQ is -0.027. Based on the earnings, the company is expensive. -2
  • The TTM is -0.027. Based on the earnings, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD-3.181MRQ-0.027-3.154
MRQ-0.027TTM-0.0270.000
TTM-0.027YOY0.009-0.035
TTM-0.0275Y-0.162+0.136
5Y-0.16210Y-0.133-0.030
2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of IRSA Propiedades Comerciales S.A:

  • The EOD is 65.816. Based on how much money comes from the company's main activities, the company is overpriced. -1
  • The MRQ is 0.557. Based on how much money comes from the company's main activities, the company is cheap. +2
  • The TTM is 0.557. Based on how much money comes from the company's main activities, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD65.816MRQ0.557+65.259
MRQ0.557TTM0.5570.000
TTM0.557YOY0.047+0.510
TTM0.5575Y0.172+0.385
5Y0.17210Y0.1720.000
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2. Book Value per Share
2.3. Price to Book Ratio

Measures if the stock price of Irsa is to cheap or to expensive compared to its book value.

  • At or below 1 is considered healthy (always compare to industry mean).
  • A PB ratio of 0.01 means the investor is paying $0.01 for each $1 in book value.

Let's take a look of the Price to Book Ratio trends of IRSA Propiedades Comerciales S.A:

  • The EOD is 0.894. Based on the equity, the company is cheap. +2
  • The MRQ is 0.008. Based on the equity, the company is cheap. +2
  • The TTM is 0.008. Based on the equity, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD0.894MRQ0.008+0.887
MRQ0.008TTM0.0080.000
TTM0.008YOY0.003+0.005
TTM0.0085Y0.007+0.000
5Y0.00710Y0.024-0.016
2. Total Gains per Share
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3. Summary

3.1. Key Performance Indicators

The key performance indicators of IRSA Propiedades Comerciales S.A compared to the Most Recent Quarter (MRQ).

 End of day+/-Most Recent QuarterTrailing 12 Months+/-Year-Over-Year+/-5 Year+/-10 Year+/-
Book Value Change Per Share--4.5074.5070%64.595-93%28.210-84%24.023-81%
Book Value Per Share--144.140144.1400%139.633+3%94.296+53%79.095+82%
Current Ratio--1.1091.1090%0.527+110%1.668-34%1.766-37%
Debt To Asset Ratio--0.5600.5600%0.477+17%0.487+15%0.542+3%
Debt To Equity Ratio--1.3721.3720%0.964+42%1.015+35%1.699-19%
Dividend Per Share--4.7804.7800%2.027+136%2.695+77%2.257+112%
Eps---40.524-40.5240%47.425-185%-5.808-86%-1.200-97%
Free Cash Flow Per Share--1.9591.9590%8.677-77%5.859-67%5.190-62%
Free Cash Flow To Equity Per Share---29.899-29.8990%-1.208-96%-2.912-90%-1.941-94%
Gross Profit Margin--1.0001.0000%1.0000%1.0000%1.0000%
Intrinsic Value_10Y_max--51.005--------
Intrinsic Value_10Y_min---14.113--------
Intrinsic Value_1Y_max--5.711--------
Intrinsic Value_1Y_min--4.048--------
Intrinsic Value_3Y_max--16.701--------
Intrinsic Value_3Y_min--7.504--------
Intrinsic Value_5Y_max--27.141--------
Intrinsic Value_5Y_min--5.827--------
Market Cap69764549062.400+99%590373704.725590373704.7250%219252279.482+169%330020415.211+79%303999880.032+94%
Net Profit Margin---1.993-1.9930%1.464-236%0.178-1222%0.183-1187%
Operating Margin--0.0590.0590%0.737-92%0.913-94%0.850-93%
Operating Ratio--1.0961.0960%0.876+25%0.897+22%0.909+21%
Pb Ratio0.894+99%0.0080.0080%0.003+161%0.007+2%0.024-68%
Pe Ratio-3.181-11717%-0.027-0.0270%0.009-415%-0.162+504%-0.133+394%
Price Per Share128.900+99%1.0911.0910%0.405+169%0.610+79%0.562+94%
Price To Free Cash Flow Ratio65.816+99%0.5570.5570%0.047+1093%0.172+224%0.172+224%
Price To Total Gains Ratio13.880+99%0.1170.1170%0.006+1832%0.043+174%0.053+123%
Quick Ratio--1.6621.6620%0.496+235%1.661+0%1.616+3%
Return On Assets---0.124-0.1240%0.118-205%0.014-961%0.027-565%
Return On Equity---0.303-0.3030%0.239-227%0.005-5620%0.096-416%
Total Gains Per Share--9.2879.2870%66.622-86%30.905-70%26.281-65%
Usd Book Value--93615600.00093615600.0000%90688407.600+3%61242889.440+53%51370164.200+82%
Usd Book Value Change Per Share--0.0050.0050%0.078-93%0.034-84%0.029-81%
Usd Book Value Per Share--0.1730.1730%0.168+3%0.113+53%0.095+82%
Usd Dividend Per Share--0.0060.0060%0.002+136%0.003+77%0.003+112%
Usd Eps---0.049-0.0490%0.057-185%-0.007-86%-0.001-97%
Usd Free Cash Flow--1272000.0001272000.0000%5635384.800-77%3805249.680-67%3370650.000-62%
Usd Free Cash Flow Per Share--0.0020.0020%0.010-77%0.007-67%0.006-62%
Usd Free Cash Flow To Equity Per Share---0.036-0.0360%-0.001-96%-0.003-90%-0.002-94%
Usd Market Cap83717458.875+99%708448.446708448.4460%263102.735+169%396024.498+79%364799.856+94%
Usd Price Per Share0.155+99%0.0010.0010%0.000+169%0.001+79%0.001+94%
Usd Profit---26319600.000-26319600.0000%20507444.400-228%-1083745.440-96%-739801.600-97%
Usd Revenue--13203600.00013203600.0000%14006804.400-6%10510156.080+26%9530163.400+39%
Usd Total Gains Per Share--0.0110.0110%0.080-86%0.037-70%0.032-65%
 EOD+5 -3MRQTTM+0 -0YOY+12 -235Y+11 -2410Y+13 -22

3.2. Fundamental Score

Let's check the fundamental score of IRSA Propiedades Comerciales S.A based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-15-3.181
Price to Book Ratio (EOD)Between0-10.894
Net Profit Margin (MRQ)Greater than0-1.993
Operating Margin (MRQ)Greater than00.059
Quick Ratio (MRQ)Greater than11.662
Current Ratio (MRQ)Greater than11.109
Debt to Asset Ratio (MRQ)Less than10.560
Debt to Equity Ratio (MRQ)Less than11.372
Return on Equity (MRQ)Greater than0.15-0.303
Return on Assets (MRQ)Greater than0.05-0.124
Total5/10 (50.0%)

3.3. Technical Score

Let's check the technical score of IRSA Propiedades Comerciales S.A based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than500.000
Ma 20Greater thanMa 50128.900
Ma 50Greater thanMa 100128.900
Ma 100Greater thanMa 200128.900
OpenGreater thanClose128.900
Total0/5 (0.0%)



Latest Balance Sheet

Balance Sheet of 2021-06-30. Currency in ARS. All numbers in thousands.

Summary
Total Assets177,404,000
Total Liabilities99,391,000
Total Stockholder Equity72,464,000
 As reported
Total Liabilities 99,391,000
Total Stockholder Equity+ 72,464,000
Total Assets = 177,404,000

Assets

Total Assets177,404,000
Total Current Assets14,547,000
Long-term Assets154,752,000
Total Current Assets
Cash And Cash Equivalents 793,000
Short-term Investments 8,105,000
Net Receivables 13,708,000
Total Current Assets  (as reported)14,547,000
Total Current Assets  (calculated)22,606,000
+/- 8,059,000
Long-term Assets
Property Plant Equipment 2,183,000
Goodwill 136,000
Long Term Investments 4,312,000
Intangible Assets 1,338,000
Other Assets 1,919,000
Long-term Assets  (as reported)154,752,000
Long-term Assets  (calculated)9,888,000
+/- 144,864,000

Liabilities & Shareholders' Equity

Total Current Liabilities13,122,000
Long-term Liabilities86,269,000
Total Stockholder Equity72,464,000
Total Current Liabilities
Short Long Term Debt 7,734,000
Accounts payable 3,976,000
Other Current Liabilities 1,025,000
Total Current Liabilities  (as reported)13,122,000
Total Current Liabilities  (calculated)12,735,000
+/- 387,000
Long-term Liabilities
Long term Debt 35,188,000
Capital Lease Obligations Min Short Term Debt905,000
Other Liabilities 50,219,000
Long-term Liabilities  (as reported)86,269,000
Long-term Liabilities  (calculated)86,312,000
+/- 43,000
Total Stockholder Equity
Common Stock54,123,000
Retained Earnings -18,925,000
Other Stockholders Equity 37,266,000
Total Stockholder Equity (as reported)72,464,000
Total Stockholder Equity (calculated)72,464,000
+/-0
Other
Capital Stock81,293,000
Common Stock Shares Outstanding 541,230
Net Debt 42,129,000
Net Invested Capital 115,386,000
Net Tangible Assets 70,990,000
Net Working Capital 9,530,000
Property Plant and Equipment Gross 5,077,000



Balance Sheet

Currency in ARS. All numbers in thousands.

 Trend2021-06-302020-06-302019-06-302018-06-302017-06-302016-06-30
> Total Assets 
9,299,488
42,421,508
67,744,103
80,998,837
144,502,908
177,404,000
177,404,000144,502,90880,998,83767,744,10342,421,5089,299,488
   > Total Current Assets 
4,103,523
3,335,036
8,603,020
15,883,176
13,002,000
14,547,000
14,547,00013,002,00015,883,1768,603,0203,335,0364,103,523
       Cash And Cash Equivalents 
33,049
1,807,544
3,643,131
4,198,987
4,626,609
793,000
793,0004,626,6094,198,9873,643,1311,807,54433,049
       Short-term Investments 
1,772,323
1,180,249
5,145,463
6,072,739
6,268,377
8,105,000
8,105,0006,268,3776,072,7395,145,4631,180,2491,772,323
       Net Receivables 
756,495
1,455,245
2,754,427
9,830,915
5,975,000
13,708,000
13,708,0005,975,0009,830,9152,754,4271,455,245756,495
       Inventory 
18,202
22,722
39,872
42,925
68,000
46,000
46,00068,00042,92539,87222,72218,202
       Other Current Assets 
140,995
49,525
140,994
8,022
10,000
0
010,0008,022140,99449,525140,995
   > Long-term Assets 
5,195,965
37,906,223
57,073,717
63,812,993
129,577,541
154,752,000
154,752,000129,577,54163,812,99357,073,71737,906,2235,195,965
       Property Plant Equipment 
32,352,421
36,037,418
84,637,948
86,694,920
928,956
2,183,000
2,183,000928,95686,694,92084,637,94836,037,41832,352,421
       Goodwill 
0
26,375
100,861
63,072
90,151
136,000
136,00090,15163,072100,86126,3750
       Long Term Investments 
556,309
858,343
1,462,661
2,056,704
4,636,259
4,312,000
4,312,0004,636,2592,056,7041,462,661858,343556,309
       Intangible Assets 
67,139
85,185
112,190
342,698
927,582
1,338,000
1,338,000927,582342,698112,19085,18567,139
       Other Assets 
588,235
898,902
2,020,766
989,764
8,266,000
1,919,000
1,919,0008,266,000989,7642,020,766898,902588,235
> Total Liabilities 
7,627,373
19,405,260
29,781,216
40,385,939
68,929,235
99,391,000
99,391,00068,929,23540,385,93929,781,21619,405,2607,627,373
   > Total Current Liabilities 
1,822,074
1,800,693
4,069,743
5,796,640
24,666,000
13,122,000
13,122,00024,666,0005,796,6404,069,7431,800,6931,822,074
       Short-term Debt 
624,831
249,868
305,481
1,259,464
0
0
001,259,464305,481249,868624,831
       Short Long Term Debt 
624,831
249,868
305,481
1,259,464
12,500,160
7,734,000
7,734,00012,500,1601,259,464305,481249,868624,831
       Accounts payable 
631,774
1,104,982
3,095,227
3,593,549
5,349,000
3,976,000
3,976,0005,349,0003,593,5493,095,2271,104,982631,774
       Other Current Liabilities 
2,857
298,748
140,248
92,227
195,000
1,025,000
1,025,000195,00092,227140,248298,7482,857
   > Long-term Liabilities 
5,805,299
17,604,567
27,284,388
36,330,158
52,506,715
86,269,000
86,269,00052,506,71536,330,15827,284,38817,604,5675,805,299
       Capital Lease Obligations Min Short Term Debt
-620,789
-249,868
-305,481
-1,259,464
649,383
905,000
905,000649,383-1,259,464-305,481-249,868-620,789
       Other Liabilities 
10,502,635
11,686,448
18,785,312
20,092,963
38,036,000
50,219,000
50,219,00038,036,00020,092,96318,785,31211,686,44810,502,635
> Total Stockholder Equity
1,491,331
22,145,079
36,565,015
38,435,146
71,484,679
72,464,000
72,464,00071,484,67938,435,14636,565,01522,145,0791,491,331
   Common Stock
126,014
126,014
126,014
126,014
126,000
54,123,000
54,123,000126,000126,014126,014126,014126,014
   Retained Earnings Total Equity000000
   Accumulated Other Comprehensive Income 000000
   Capital Surplus 000000
   Treasury Stock000000
   Other Stockholders Equity 
49,611
49,597
7,678,931
45,386,923
5,489,000
37,266,000
37,266,0005,489,00045,386,9237,678,93149,59749,611



Balance Sheet

Currency in ARS. All numbers in thousands.




Cash Flow

Currency in ARS. All numbers in thousands.




Income Statement

Currency in ARS. All numbers in thousands.


Latest Income Statement (annual, 2021-06-30)

Gross Profit (+$)
totalRevenue11,003,000
Cost of Revenue-4,422,000
Gross Profit6,581,0006,581,000
 
Operating Income (+$)
Gross Profit6,581,000
Operating Expense-7,633,000
Operating Income3,370,000-1,052,000
 
Operating Expense (+$)
Research Development0
Selling General Administrative2,892,000
Selling And Marketing Expenses0
Operating Expense7,633,0002,892,000
 
Net Interest Income (+$)
Interest Income889,000
Interest Expense-4,947,000
Other Finance Cost-544,000
Net Interest Income-4,602,000
 
Pretax Income (+$)
Operating Income3,370,000
Net Interest Income-4,602,000
Other Non-Operating Income Expenses0
Income Before Tax (EBT)-8,951,00011,089,000
EBIT - interestExpense = -4,300,000
-8,347,000
-16,986,000
Interest Expense4,947,000
Earnings Before Interest and Taxes (EBIT)647,000-4,004,000
Earnings Before Interest and Taxes (EBITDA)-3,660,000
 
After tax Income (+$)
Income Before Tax-8,951,000
Tax Provision-13,586,000
Net Income From Continuing Ops-22,537,000-22,537,000
Net Income-21,933,000
Net Income Applicable To Common Shares-21,933,000
 
Non-recurring Events
Discontinued Operations0
Extraordinary Items0
Effect of Accounting Charges0
Other Items0
Non Recurring0
Other Operating Expenses1,252,000
Total Other Income/Expenses Net-7,719,0004,602,000
 

Technical Analysis of Irsa
The psychology behind the price

Technical indicators reflecting market sentiment and the collective psychology of you and other traders. Your emotions and other traders' emotions, such as fear and greed, play a significant role in driving price movements.

General trend

First of all, I'm going to put something in the back of your mind. One of the most stable factors that gives you more confidence as a trader: the general trend of Irsa. The general trend of Irsa is BEARISH with 100.0% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine Irsa's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

Some of the indicators I use have 3 zones: overbought, oversold and neutral. Transitions between these zones (market phases) provide valuable trading signals and insights. Expecially with the general trend mind, I use the highlighted phases:

Indicator zone transitionsBullish trend (-100.0%) Bearish trend (100.0%)
Overbought to neutralBullish pullback=Bearish reversal
Upper to lower neutralBullish correction=Bearish continuation
Nuetral to oversoldOversold=Oversold
Oversold to neutralBullish reversal=Bearish correction
Lower to upper neutralBullish continuation=Bearish pullback
Nuetral to overboughtOverbought=Overbought

1. Price Targets

1.1 Support & Resistance

Support and resistance are levels on a price chart that act as barriers or zones where the price of an asset tends to stop, reverse, or experience a significant amount of buying or selling pressure.

Support is a price level at which demand for an asset is strong enough to prevent the price from falling further.
Resistance is a price level at which selling pressure becomes significant enough to prevent the price of an asset from rising further.


Score

Let's take a look at the Support & Resistance of IRSA Propiedades Comerciales S.A.

The long score for the Support & Resistance is 1/1.
The longshort score for the Support & Resistance is 1/(-1 +1).

  • Around support: The price is currently trading around a support level. This can be considered as a potential entry level. +1

The bullish price targets are: 128.90 < 128.90 < 128.90.

The bearish price targets are: 128.90 > 128.90 > 128.90.

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IRSA Propiedades Comerciales S.A Daily Support & Resistance Chart

2. Trend Indicators

2.1 Moving Averages

Shows the moving average of the selected period.

  • Moving averages are lagging trend indicators.
  • There are many types of moving averages.
  • Moving averages are also used within other indicators.

Score

Let's take a look at the Moving Averages of IRSA Propiedades Comerciales S.A. The current mas is .

The long score for the Moving Averages is 0/14.
The longshort score for the Moving Averages is -14/(-14 +14).

  • MA 20 trending down: The MA 20 is trending down. -1
  • Close < MA 20: The price is below the MA 20. -1
  • MA 20 < MA 50: The MA 20 is lower than the MA 50. -1
  • MA 20 < MA 100: The MA 20 is lower than the MA 100. -1
  • MA 20 < MA 200: The MA 20 is lower than the MA 200. -1
  • MA 50 trending down: The MA 50 is trending down. -1
  • Close < MA 50: The price is below the MA 50. -1
  • MA 50 < MA 100: The MA 50 is lower than the MA 100. -1
  • MA 50 < MA 200: The MA 50 is lower than the MA 200. -1
  • MA 100 trending down: The MA 100 is trending down. -1
  • Close < MA 100: The price is below the MA 100. -1
  • MA 100 < MA 200: The MA 100 is lower than the MA 200. -1
  • MA 200 trending down: The MA 200 is trending down. -1
  • Close < MA 200: The price is below the MA 200. -1

Directionalities and relatives.

Moving AverageAmount of candlesTrendPrice +/-vs. MA 50vs. MA 100vs. MA 200
MA 2020
MA 5050-
MA 100100--
MA 200200---

Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I

IRSA Propiedades Comerciales S.A Daily Moving Averages Chart
2.2 Moving Average Convergence/Divergence (MACD)

Shows the momentum of the selected period based on two moving averages.

  • MACD is a lagging momentum indicator.
  • Uses two moving averages.
  • Can show buy or sell signals based on momentum.
  • Can show overbought. and oversold. levels.

Score

Let's take a look at the Moving Average Convergence/Divergence (MACD) of IRSA Propiedades Comerciales S.A. The current macd is 0.

The long score for the Moving Average Convergence/Divergence (MACD) is 0/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is -4/(-4 +4).

  • MACD line < signal line: The MACD line is below the signal line, which indicates a bearish signal in the market. This means that the negative momentum is currently stronger than the average momentum, suggesting that sellers are more active than buyers, and there's a higher probability of the Irsa price going down in the near term. -2
  • MACD < 0: The MACD is below the zero line (centerline), it indicates a bearish signal for Irsa. This means that the short-term moving average is lower than the long-term moving average, signaling negative momentum and suggesting a higher likelihood of the Irsa price continuing to fall in the near future. It indicates that sellers are gaining control, and there is negativism in the market, leading to potential price decreases. -1
  • Trending down: The MACD line is trending down. This indicates that the short-term moving average is falling faster than the long-term moving average, suggesting negative momentum in the market. This signals that sellers are becoming more active and insecure, leading to potential price decreases as traders anticipate further losses and are willing to sell at lower prices. -1
IRSA Propiedades Comerciales S.A Daily Moving Average Convergence/Divergence (MACD) ChartIRSA Propiedades Comerciales S.A Daily Moving Average Convergence/Divergence (MACD) Chart
2.3 Directional Movement Index (DMI)

The DMI is a collection of 3 indicators: +DI (Plus Direction Indicator), -DI (Minus Direction Indicator) and ADX (Average Directional Index). The ADX helps you determine the strength of a trend.


Score

Let's take a look at the Directional Movement Index (DMI) of IRSA Propiedades Comerciales S.A. The current adx is 3.98138425.

The long score for the Directional Movement Index (DMI) is 0/7.
The longshort score for the Directional Movement Index (DMI) is 0/(-7 +7).

  • PLUS_ID < MINUS_DI && ADX < 25 && ADX trending down: The ADX is below 25 and indicates a weak or no trend. Also, the ADX is declining so there is no trend indication.
IRSA Propiedades Comerciales S.A Daily Directional Movement Index (DMI) Chart
2.4 Parabolic SAR

Shows the current trend and potential entry and exit signals.

  • Parabolic SAR (stop and reverse) is a lagging trend indicator.
  • Shows the current trend.
  • Shows potential entry signals.
  • Shows  potential exit signals.
  • Can be used to place trailing stoplosses..

Score

Let's take a look at the Parabolic SAR of IRSA Propiedades Comerciales S.A. The current sar is 128.90.

The long score for the Parabolic SAR is 0/1.
The longshort score for the Parabolic SAR is -1/(-1 +1).

  • Close < SAR: The price is below the SAR. It's generally considered a bearish signal. -1
IRSA Propiedades Comerciales S.A Daily Parabolic SAR Chart
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3. Momentum Indicators

3.1 Relative Strength Index (RSI)

Measures the speed and change of price movements.

  • Leading momentum indicator, meaning the signals are instant.
  • Ranges between 0 and 100.
  • Above 70 is considered overbought.
  • Below 30 is considered oversold.
  • Above or below 50 can also be used to determine price trend or support and resistance.
  • RSI divergence looks at a deviation between RSI and price movement. Penketrading automatically calculates RSI divergences.
  • Can be used in many different ways

Score

Let's take a look at the Relative Strength Index (RSI) of IRSA Propiedades Comerciales S.A. The current rsi is 0. The current phase is Oversold in bear market.

The long score for the Relative Strength Index (RSI) is 1/13.
The longshort score for the Relative Strength Index (RSI) is 1/(-13 +13).

  • Oversold in bear market: Short-term excessive selling, potential for relief rally. Be cautious, consider taking short-term long positions. +1
IRSA Propiedades Comerciales S.A Daily Relative Strength Index (RSI) ChartIRSA Propiedades Comerciales S.A Daily Relative Strength Index (RSI) Chart
3.2 Stochastic Oscillator

Compares a certain price to multiple prices ranging over time.

  • Leading momentum indicator, meaning the signals are instant.
  • Used to determine overbought and oversold areas much like the RSI.
  • Ranges between 0 and 100.
  • Above 80 is considered overbought.
  • Below 20 is considered oversold.
  • Consists of two lines named K and D.
  • K compares the highest high and lowest low on the selected price range.
  • The D line is a moving average of the K line.
  • Can be used to spot divergences

Score

Let's take a look at the Stochastic Oscillator of IRSA Propiedades Comerciales S.A. The current phase is Oversold in bear market.

The long score for the Stochastic Oscillator is 0/6.
The longshort score for the Stochastic Oscillator is -6/(-6 +6).

  • STOCH < 50: The STOCH %K is below 50. There are more sellers than buyers. -1
  • STOCH < 20: The STOCH %K is below 20 and oversold. -2
  • STOCH %K line < STOCH %D line: The STOCH %K line is below the STOCH %D line, which indicates a bearish signal in the market. This means that the negative momentum is currently stronger than the average momentum, suggesting that sellers are more active than buyers, and there's a higher probability of the Irsa price going down in the near term. -2
  • Trending down: The STOCH %K is trending down. -1
IRSA Propiedades Comerciales S.A Daily Stochastic Oscillator ChartIRSA Propiedades Comerciales S.A Daily Stochastic Oscillator Chart
3.3 Commodity Channel Index (CCI)

Measures the difference between the current price and the historical average price.

  • Lagging or leading Momentum indicator
  • When the CCI is above zero, the price is above the historical average
  • When the CCI is below zero, the price is below the historical average
  • Used for spotting trends
    • If the CCI moves from negative or near zero to positive 100 that might indicate an uptrend
    • If the CCI moves from positive or near zero to negative -100 that might indicate a downtrend

Score

Let's take a look at the Commodity Channel Index (CCI) of IRSA Propiedades Comerciales S.A. The current cci is -66.66666667.

IRSA Propiedades Comerciales S.A Daily Commodity Channel Index (CCI) ChartIRSA Propiedades Comerciales S.A Daily Commodity Channel Index (CCI) Chart
3.4 Chande Momentum Oscillator (CMO)

Measures the difference between the sum of recent gains and the sum of recent losses. Then divides the result by the sum of all price movements in that period.

  • Lagging momentum indicator
  • Ranges between +100 and -100
  • Considered overbought above +50
  • Considered oversold below -50
  • It's possible to add a moving average that acts as a signal line

Score

Let's take a look at the Chande Momentum Oscillator (CMO) of IRSA Propiedades Comerciales S.A. The current cmo is 0.

IRSA Propiedades Comerciales S.A Daily Chande Momentum Oscillator (CMO) ChartIRSA Propiedades Comerciales S.A Daily Chande Momentum Oscillator (CMO) Chart
3.5 Williams %R

 Shows the current price relative to the highest high over the last 14 days.
 

  • Lagging momentum indicator
  • Ranging between 0 and -100
  • Above -20 is considered overbought
  • Below -80 is considered oversold
  • Is prone to give false signals

Score

Let's take a look at the Williams %R of IRSA Propiedades Comerciales S.A. The current willr is 0.

The long score for the Williams %R is 1/1.
The longshort score for the Williams %R is 1/(-1 +1).

  • WILLR > -20: The Williams %R is above -20. This indicates that the price is in overbought territory, suggesting a potential price correction or trend reversal to the downside. +1
IRSA Propiedades Comerciales S.A Daily Williams %R ChartIRSA Propiedades Comerciales S.A Daily Williams %R Chart
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4. Volatility Indicators

4.1 Bollinger Bands

Shows if the price is to high or to low relative to an average.

  • Lagging volatility indicator
  • Uses 3 bands: one upper, one lower and one in the middle
  • Works best when the middle band reflects an intermediate trend (MA20).
  • When the price is moving closer to the upper band, the market might be overbought
  • When the price is moving closer to the lower band, the market might be oversold 

Score

Let's take a look at the Bollinger Bands of IRSA Propiedades Comerciales S.A.

IRSA Propiedades Comerciales S.A Daily Bollinger Bands Chart
4.2 Average True Range (ATR)
Measures market volatility
  • Leading volatility indicator
  • Can be used to determine stop-loss positions
  • Calculated by:
    • Current high minus the current low
    • Current high minus the previous close
    • Current low minus the previous close
  • The larger the range of the candles, the greater the ATR value

Score

Let's take a look at the Average True Range (ATR) of IRSA Propiedades Comerciales S.A. The current atr is 0.

IRSA Propiedades Comerciales S.A Daily Average True Range (ATR) ChartIRSA Propiedades Comerciales S.A Daily Average True Range (ATR) Chart
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5. Volume Indicators

5.1 On-Balance Volume (OBV)

 Measures market volatility

  • Leading momentum indicator
  • Calculation:
    • If the closing price is above the previous closing price: OBV = previous OBV + current volume
    • If the closing price is below the previous closing price: OBV = previous OBV - current volume
    • If the closing price is the same as the previous closing price than the OBV is the same.
  • Can be used to confirm price trends
  • Can be used with divergences

Score

Let's take a look at the On-Balance Volume (OBV) of IRSA Propiedades Comerciales S.A. The current obv is -296,836.

IRSA Propiedades Comerciales S.A Daily On-Balance Volume (OBV) ChartIRSA Propiedades Comerciales S.A Daily On-Balance Volume (OBV) Chart
5.2 Money Flow Index (MFI)

Measures the flow of money in and out of a security

  • Lagging momentum indicator
  • Looks like RSI but uses volume as an extra metric (RSI only considers price)
  • Above 80 is considered overbought
  • Below 20 is considered oversold
  • Can be used with divergences

Score

Let's take a look at the Money Flow Index (MFI) of IRSA Propiedades Comerciales S.A. The current mfi is 0.

The long score for the Money Flow Index (MFI) is 0/2.
The longshort score for the Money Flow Index (MFI) is -2/(-2 +2).

  • MFI < 50: -1
  • MFI < 20: -1
IRSA Propiedades Comerciales S.A Daily Money Flow Index (MFI) ChartIRSA Propiedades Comerciales S.A Daily Money Flow Index (MFI) Chart
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6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for IRSA Propiedades Comerciales S.A.

6.2. Trading Signals

Below you will find trading signals as the indicator is commonly used. This doesn't mean you should use it that way. Learn from these, but don't use them blindly. I recommend using at least 4 indicators, 1 from each category: trend, momentum, volatility and volume.

DateIndicatorSignal

6.3. Candlestick Patterns

IRSA Propiedades Comerciales S.A Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

Let's check the technical score of IRSA Propiedades Comerciales S.A based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than500.000
Ma 20Greater thanMa 50128.900
Ma 50Greater thanMa 100128.900
Ma 100Greater thanMa 200128.900
OpenGreater thanClose128.900
Total0/5 (0.0%)
Penke

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