WallStSmart

Farmland Partners Inc (FPI)vsIron Mountain Incorporated (IRM)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Iron Mountain Incorporated generates 13938% more annual revenue ($7.25B vs $51.61M). FPI leads profitability with a 58.4% profit margin vs 3.8%. FPI trades at a lower P/E of 16.4x. IRM earns a higher WallStSmart Score of 64/100 (C+).

FPI

Hold

48

out of 100

Grade: D+

Growth: 2.0Profit: 7.0Value: 7.7Quality: 7.5
Piotroski: 5/9Altman Z: 2.08

IRM

Buy

64

out of 100

Grade: C+

Growth: 8.7Profit: 7.0Value: 2.0Quality: 6.5
Piotroski: 2/9Altman Z: 0.10
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

FPIUndervalued (+55.9%)

Margin of Safety

+55.9%

Fair Value

$27.51

Current Price

$9.71

$17.80 discount

UndervaluedFair: $27.51Overvalued
IRMSignificantly Overvalued (-41.1%)

Margin of Safety

-41.1%

Fair Value

$71.02

Current Price

$117.16

$46.14 premium

UndervaluedFair: $71.02Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

FPI4 strengths · Avg: 9.5/10
Price/BookValuation
0.9x10/10

Reasonable price relative to book value

Profit MarginProfitability
58.4%10/10

Keeps 58 of every $100 in revenue as profit

Operating MarginProfitability
35.1%10/10

Strong operational efficiency at 35.1%

P/E RatioValuation
16.4x8/10

Attractively priced relative to earnings

IRM5 strengths · Avg: 9.2/10
Return on EquityProfitability
225.1%10/10

Every $100 of equity generates 225 in profit

EPS GrowthGrowth
860.0%10/10

Earnings expanding 860.0% YoY

Debt/EquityHealth
-16.2310/10

Conservative balance sheet, low leverage

Operating MarginProfitability
21.0%8/10

Strong operational efficiency at 21.0%

Revenue GrowthGrowth
21.6%8/10

Revenue surging 21.6% year-over-year

Areas to Watch

FPI4 concerns · Avg: 2.5/10
Market CapQuality
$429.46M3/10

Smaller company, higher risk/reward

Return on EquityProfitability
6.5%3/10

ROE of 6.5% — below average capital efficiency

Revenue GrowthGrowth
-1.7%2/10

Revenue declined 1.7%

EPS GrowthGrowth
-66.3%2/10

Earnings declined 66.3%

IRM4 concerns · Avg: 2.5/10
Profit MarginProfitability
3.8%3/10

3.8% margin — thin

Piotroski F-ScoreQuality
2/93/10

Weak financial health signals

PEG RatioValuation
2.702/10

Expensive relative to growth rate

P/E RatioValuation
143.5x2/10

Premium valuation, high expectations priced in

Comparative Analysis Report

WallStSmart Research

Bull Case : FPI

The strongest argument for FPI centers on Price/Book, Profit Margin, Operating Margin. Profitability is solid with margins at 58.4% and operating margin at 35.1%.

Bull Case : IRM

The strongest argument for IRM centers on Return on Equity, EPS Growth, Debt/Equity. Revenue growth of 21.6% demonstrates continued momentum.

Bear Case : FPI

The primary concerns for FPI are Market Cap, Return on Equity, Revenue Growth.

Bear Case : IRM

The primary concerns for IRM are Profit Margin, Piotroski F-Score, PEG Ratio. A P/E of 143.5x leaves little room for execution misses. Thin 3.8% margins leave little buffer for downturns.

Key Dynamics to Monitor

FPI profiles as a declining stock while IRM is a growth play — different risk/reward profiles.

IRM carries more volatility with a beta of 1.22 — expect wider price swings.

IRM is growing revenue faster at 21.6% — sustainability is the question.

FPI generates stronger free cash flow (8M), providing more financial flexibility.

Bottom Line

IRM scores higher overall (64/100 vs 48/100) and 21.6% revenue growth. FPI offers better value entry with a 55.9% margin of safety. Both earn "Buy" and "Hold" ratings respectively — the choice depends on your investment horizon and risk tolerance.

This analysis is generated from publicly available financial data. Not financial advice.

Farmland Partners Inc

REAL ESTATE · REIT - SPECIALTY · USA

Farmland Partners Inc. (FPI) is a leading real estate investment trust (REIT) focused on the acquisition and management of high-quality agricultural land throughout the United States. The company strategically leases its properties to experienced farmers, generating reliable cash flows while capitalizing on the burgeoning agricultural sector. With a strong commitment to sustainable farming practices and a well-diversified portfolio, FPI is well-equipped to respond to the rising global food demand. Its operational excellence and proactive approach position Farmland Partners to seize emerging opportunities in the agricultural landscape, delivering long-term value for its investors.

Iron Mountain Incorporated

REAL ESTATE · REIT - SPECIALTY · USA

Iron Mountain Inc. (NYSE: IRM) is an American enterprise information management services company founded in 1951 and headquartered in Boston, Massachusetts.

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