Irish economy

Politics: mapping change into 2024

Opinion polls, showing relatively consistent trends in recent years, point to Sinn Féin being the largest party following the next general election. However, while Sinn Féin has a large lead...

Irish economy

MyHome Property Report, Q3 2023

This quarter’s MyHome report shows asking prices up a solid 0.6% in Q3 2023, with annual inflation accelerating to 4.1%. This is consistent with our view that 2023 would be a year of two...

DCC

Strong value creation ahead

At its recent Energy Insights Day, DCC provided significant new details on how it plans to grow earnings through the energy transition while lowering its carbon intensity. We do a deep...

CRH

Beckoning a new dawn

CRH’s primary listing will move to the US on Monday, September 25th. This is a significant event for the share, but the underlying business has no such destination in sight. Its journey...

Building products and distribution

Challenges set to last into 2024

Recent results revealed that 2023 is proving every bit as challenging as was feared for our lightside building materials coverage list. Moreover, the latest signals suggest any rebound...

IRES REIT

Undervalued, financially strong with structural growth opportunities

IRES has traded to levels where we see an opportunity. The implied gross passing and reversionary yields are attractive, and the recent disposals have materially strengthened the...

Smurfit Kappa Group

Building the global packaging leader

The proposed Smurfit Kappa Group (SKG) and WestRock merger creates the clear global packaging leader. We believe SKG’s experienced management team can deliver initial $400m+ year one...

Ryanair Holdings

Decade of growth

We have rebuilt and extended our financial model with detailed and historical forecasts from 1995-2034 (the end of the new Boeing MAX-10 deal) and our discounted cash flow (DCF) out...

Smurfit Kappa Group

Possible merger with WestRock

European packaging leader Smurfit Kappa Group is in discussions with US-listed packaging group WestRock regarding a possible merger. The proposed merged Smurfit WestRock group would...

Disruptive technology

Monthly valuation overview – August

In our monthly valuation product, we provide an overview of key metrics across our three core coverage sectors: E-commerce, Online Marketplaces and Software & IT Services. After...