Market Pulse59Neutral

IREN LimitedOpportunity Rank #6(IREN) Intrinsic Value & DCF Analysis (2026)

Current Price

$56.85

Last updated: May 08, 2026

Price vs Intrinsic Value

$56.85
Price
$0.00
Intrinsic Value
Overvalued by 100%MOS: $0.00

Fundamental Score

57/100
Neutral

Weighted across 6 signals

Narrative Score

80/100
Strong

No change vs previous

Trend Score

80/100
Strong

As of 2026-05-08

The intrinsic value of IREN Limited (IREN) is estimated at $N/A per share based on a 10-year discounted cash flow (DCF) analysis. At the current price of $56.85, the stock appears fairly valued relative to its projected cash flow fundamentals. This estimate assumes an 11.27% long-term growth rate and a 10.07% discount rate, reflecting expected future free cash flow and cost of capital.

The intrinsic value of IREN Limited (IREN) is estimated at $N/A per share based on a 10-year discounted cash flow (DCF) analysis. At the current price of $56.85, the stock appears fairly valued relative to its projected cash flow fundamentals. This estimate assumes an 11.27% long-term growth rate and a 10.07% discount rate, reflecting expected future free cash flow and cost of capital.

Valuation Details

N/A
N/A
20% margin of safety: N/A
Years: 10Growth Rate: 11.27%
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Capital Efficiency

Average Quarterly ROIC
3.08%
Cost of Capital (estimated)9%
Value StatusUnderperforming Capital

The company is earning below its required return. This may indicate inefficient use of capital or excess cash that isn't being reinvested.

Complete historical ROIC is available with
.

Fundamental Details

57/100
NeutralWeighted across 6 signals
DCF Discount
DCF discount unavailable
50
FCF Yield
5.7% trailing FCF yield
92
ROIC vs WACC
ROIC 3.1% vs WACC 9.0% (0.3x)
17
Net Debt / FCF
1.6x net debt to FCF
41
Buybacks
Share count flat
50
FCF CAGR (5Y)
216.8% 5Y FCF CAGR
100
Strengths: FCF Yield, FCF CAGR (5Y). Concerns: ROIC vs WACC.

Narrative Details

80/100
Strong
Vs 6-Month Baseline:High (99th pct)Weighted across 3 recent drivers
Trend: Improving upConfidence: 100%Updated: 17h ago
Sources: 87 (83 News · 4 Analyst)
Drivers(last 30 days)
68 news sentiment+3.1
15 regulatory scrutiny+2.1
4 analyst reiterations0.0

Trend Details

80/100
StrongAs of 2026-05-08311 daily bars used
3M Relative Strength vs SPY+39.5%
Price vs 50 EMA+32.9%
Price vs 21 EMA+23.8%
Price vs 21 EMA100 · +23.8%
Price vs 50 EMA100 · +32.9%
21 EMA vs 50 EMA92 · +7.4%
3M RS vs SPY100 · +39.5%
6M RS vs SPY4 · -28.8%
Distance from 52W High60 · -19.9%

Investment Coach

Updated 15h ago
WATCHConfidence: 45%
Thesis
IREN Limited shows a strong narrative trend and healthy free cash flow yield of 5.7%, indicating constructive fundamentals despite trailing returns relative to its cost of capital. The company’s improving narrative score and solid free cash flow growth suggest potential for future value creation.
Key Risk
The key risk is that IREN's return on invested capital remains below its weighted average cost of capital, which may limit value generation.
Signals To Watch
  • Price moving to at least a mid-teens discount to fair value
  • ROIC versus WACC spread showing sustained improvement
  • Narrative trend exhibiting meaningful shifts in score direction
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Historical Growth Rates
Free Cash Flow- - -Trend CAGR: 44.73%5 Year CAGR: 175.29%

Free Cash Flow (in millions)

TTM2025202420232022202120202019
$1,069$1,619$532$122$316$7$3$2

How Intrinziq Estimates Fair Value

Intrinziq estimates IREN Limited's intrinsic value using a discounted cash flow (DCF) model based on free cash flow trends and a market-based discount rate. The model projects future cash flows over ten years and discounts them using a market return assumption to estimate fair value.

IREN LimitedFinancial Services

IREN Limited operates in the vertically integrated data center business in Australia and Canada. The company owns and operates computing hardware, as well as electrical infrastructure and data centers. It also mines Bitcoin, a scarce digital asset that is created and transmitted through the operation of a peer-to-peer network of computers running the Bitcoin software. The company was formerly known as Iris Energy Limited and changed its name to IREN Limited in November 2024. The company was incorporated in 2018 and is based in Sydney, Australia.