Iron Mountain Shares Rise 1.87% Despite Dismal Stock Market Performance
August 9, 2023
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Iron Mountain ($NYSE:IRM) Inc., a storage and information management services company, experienced a 1.87% rise in their stock price on Friday despite the S&P 500’s dismal overall performance. The company’s stock closed at $60.92, showcasing resilience in the face of a bearish market. Their products and services make it easy for customers to control the security, accessibility, and availability of their information. With an expanding customer base and comprehensive portfolio of products and services, the company remains attractive to investors and continues to be a trusted provider of storage and information management solutions.
Analysis
At GoodWhale, we have conducted an analysis of IRON MOUNTAIN‘s financials and have come to the conclusion that they may be able to safely ride out any crisis without the risk of bankruptcy. According to our Star Chart, IRON MOUNTAIN has an intermediate health score of 5/10 with regard to cashflows and debt. Based on this, we classify IRON MOUNTAIN as a ‘cow’, which is a type of company that has a track record of paying out consistent and sustainable dividends. This makes IRON MOUNTAIN an attractive option for income-seeking investors, as they have strong dividend payouts, profitability, and medium asset and growth levels. They are well-positioned to provide investors with reliable returns over time. Additionally, their intermediate health score speaks to their stability and potential longevity, which may be further appealing to investors who seek low-risk investments with consistent returns. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Iron Mountain. More…
| Total Revenues | Net Income | Net Margin |
| 5.24k | 379.31 | – |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Iron Mountain. More…
| Operations | Investing | Financing |
| 1.03k | -1.31k | 307.03 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Iron Mountain. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 16.68k | 13.59k | 1.43 |
Key Ratios Snapshot
Some of the financial key ratios for Iron Mountain are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| – | – | 20.5% |
| FCF Margin | ROE | ROA |
| – | – | – |
Peers
Its competitors include Jinushi Co Ltd, Striders Corp, and WILL Co Ltd.
– Jinushi Co Ltd ($TSE:3252)
Jinushi Co Ltd is a company that manufactures and sells construction materials. It has a market cap of 37.03B as of 2022 and a return on equity of 14.13%. The company has a strong market position and is a well-known player in the industry. It has a diversified product range and is a leading supplier of construction materials in China. The company has a good financial position and is able to generate healthy profits.
– Striders Corp ($TSE:9816)
Striders Corp is a publicly traded company with a market cap of 1.85B as of 2022. The company has a Return on Equity of 6.89%. Striders Corp is a leading provider of innovative products and services. The company’s mission is to provide superior products and services that improve the quality of life for their customers. Striders Corp offers a wide range of products and services that are designed to meet the needs of their customers.
– WILL Co Ltd ($TSE:3241)
WILL Co Ltd is a Japanese company that manufactures and sells electronic products. The company has a market cap of 4.19B as of 2022 and a return on equity of 16.39%. WILL Co Ltd is a publicly traded company listed on the Tokyo Stock Exchange. The company’s products include digital cameras, digital camcorders, digital photo frames, and other electronic products.
Summary
Investors in Iron Mountain Inc. (IRM) saw positive returns on Friday. Despite the overall market dropping on the day, Iron Mountain’s stock performed well and gained investor confidence. Going forward, investors should continue to monitor Iron Mountain’s performance and consider whether it is a good investment opportunity.
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