IRSA is Argentina's largest listed real estate developer and landlord, operating shopping centers and offices (including the Alto Palermo and Centro Comercial Abasto malls and Torres Ejecutivas Madero) alongside a residential development pipeline and a hotel and urban land bank in Buenos Aires. Its edge is the scarcity of prime, centrally located urban assets, which are hard to replicate and sit on a balance sheet that is rarely sold, so rental income compounds with inflation-linked lease escalators. The 39.1% operating margin and 62.9% gross margin reflect that rental mix, and an 18.1% ROE is respectable for a business carrying peso-denominated and dollar debt. Revenue growth of 4.1% is modest, and the 4.6x trailing P/E sits against a 93.8x forward P/E, a gap that signals earnings are depressed or volatile on the consensus numbers and needs reconciling before anything else. The stock is worth a deeper look mainly to test whether Argentina's disinflation and FX normalization feed through to lease collections and development margins, and whether the trailing earnings are a fair base at all.
Plain-English pros, cons, and what to watch. Pro feature.
See what each model says, the assumptions behind it, the bad, normal and good cases, and why the fair value changed.
The full quality picture: a reason under every score, how the scores moved, and the conviction breakdown.
The full analyst picture: the price-target distribution against the current price, forward consensus estimates, and how ACCE's own models compare.
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Follow the informed money: 13F position changes, insider and Congress trades, and 13D activist filings.
| Date | Type | New | Previous | Price |
|---|---|---|---|---|
| 20 Oct 2026, 02:20 CEST | ACCE price target | ARS 2580 | first publication | ARS 2305 |
Answered from IRSA Inversiones y Representaciones SA fundamentals + recent valuations. Every number shows its source and date.
| Company | Price | Fair value | vs fair value | P/E | ROE | Quality | Score |
|---|---|---|---|---|---|---|---|
| IRSA.BA IRSA Inversiones y Representaciones SA | ARS 2395.00 | - | - | 4.6x | 18.1% | 91 | 62 |
| NP3.ST NP3 Fastigheter AB (publ) | kr 222.00 | kr 220 | 1% above | 8.7x | 15.6% | 81 | 63 |
| ALTRA.ST Altra Fastigheter AB (publ) | kr 75.55 | kr 95 | 20% below | 12.7x | 5.2% | 76 | 60 |
| SBB-D.ST Samhällsbyggnadsbolaget i Norden AB (publ) | kr 6.74 | - | - | 87.9x | 2.7% | 49 | 29 |
| PUBLI.ST PPI Public Property Invest AB (publ) | kr 17.47 | - | - | 26.7x | 3.0% | 68 | 54 |
| SLP-B.ST Swedish Logistic Property AB | kr 32.90 | kr 27 | 21% above | 12.4x | 11.2% | 76 | 59 |
| INTEA-B.ST Intea Fastigheter AB (publ) | kr 62.40 | kr 43 | 45% above | 9.4x | 13.2% | 81 | 59 |
Where IRSA.BA ranks against its sector peers on each metric.