IRSA Inversiones Y Representaciones S.A. (IRS) vs Marcus & Millichap, Inc. (MMI)

IRSA Inversiones Y Representaciones S.A. and Marcus & Millichap, Inc. are both Real Estate Services companies. IRSA Inversiones Y Representaciones S.A. and Marcus & Millichap, Inc. are of similar size ($1.3B and $1.2B). IRSA Inversiones Y Representaciones S.A. trades at the lower P/E: 3.9× against 81.2×. Marcus & Millichap, Inc. grew revenue faster over the last twelve months: 11.9% against −28.3%. IRSA Inversiones Y Representaciones S.A. has the higher net margin (67.7% vs 1.77%) and the higher return on invested capital (12.8% vs 1.61%). Only Marcus & Millichap, Inc. pays a dividend (1.33%). Across the 23 metrics below, IRSA Inversiones Y Representaciones S.A. leads on 16 and Marcus & Millichap, Inc. on 7.

Valuation

Metric IRS MMI Real Estate Services median
P/E 3.89 81.24 16.25
P/S 2.40 1.39 1.12
P/B 0.79 1.94 1.32
Price to free cash flow 6.72 13.32 13.29
EV/EBITDA 3.88 48.66 10.22
EV/Sales 2.91 1.22 1.16
Earnings yield 25.69% 1.23% 0.99%
Free cash flow yield 14.89% 7.51% (0.97%)

Profitability

Metric IRS MMI Real Estate Services median
Gross margin 61.70% 37.72% 26.81%
Operating margin 72.76% 1.17% 0.00%
Net margin 67.67% 1.77% 0.11%
Free cash flow margin 35.72% 10.41% 0.00%
Return on equity 23.52% 2.42% 0.94%
Return on assets 11.05% 1.84% 0.00%
Return on invested capital 12.83% 1.61% 0.00%

Growth

Metric IRS MMI Real Estate Services median
Revenue growth (TTM) (28.32%) 11.89% 4.33%
EPS growth (last fiscal year) 337.64% 84.38% —
Revenue growth, 5-year CAGR (21.87%) 1.05% 4.05%
Net income growth, 5-year CAGR (4.00%) 0.00% 0.00%

Health

Metric IRS MMI Real Estate Services median
Debt to equity 0.44 0.00 0.08
Current ratio 2.94 2.92 1.95
Net debt to EBITDA 1.18 156.54 0.54

Dividend

Metric IRS MMI Real Estate Services median
Dividend yield 0.00% 1.33% 1.33%
Payout ratio 0.07 1.35 0.00

Size

Metric IRS MMI Real Estate Services median
Market cap 1.25b 1.15b 218.52m

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