WallStSmart

IREN Ltd (IREN)vsSynopsys Inc (SNPS)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Synopsys Inc generates 958% more annual revenue ($8.01B vs $757.10M). IREN leads profitability with a 51.5% profit margin vs 13.8%. SNPS appears more attractively valued with a PEG of 2.77. IREN earns a higher WallStSmart Score of 57/100 (C).

IREN

Buy

57

out of 100

Grade: C

Growth: 10.0Profit: 5.5Value: 7.3Quality: 7.5
Piotroski: 4/9Altman Z: 1.08

SNPS

Buy

51

out of 100

Grade: C-

Growth: 6.7Profit: 5.0Value: 2.0Quality: 5.5
Piotroski: 1/9Altman Z: 1.48
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

IRENUndervalued (+42.4%)

Margin of Safety

+42.4%

Fair Value

$67.39

Current Price

$41.12

$26.27 discount

UndervaluedFair: $67.39Overvalued
SNPSSignificantly Overvalued (-838.8%)

Margin of Safety

-838.8%

Fair Value

$44.27

Current Price

$415.62

$371.35 premium

UndervaluedFair: $44.27Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

IREN4 strengths · Avg: 9.3/10
Profit MarginProfitability
51.5%10/10

Keeps 52 of every $100 in revenue as profit

Revenue GrowthGrowth
59.0%10/10

Revenue surging 59.0% year-over-year

Return on EquityProfitability
20.5%9/10

Every $100 of equity generates 21 in profit

EPS GrowthGrowth
42.9%8/10

Earnings expanding 42.9% YoY

SNPS3 strengths · Avg: 9.0/10
Revenue GrowthGrowth
65.5%10/10

Revenue surging 65.5% year-over-year

Market CapQuality
$80.52B9/10

Large-cap with strong market position

Price/BookValuation
2.6x8/10

Reasonable price relative to book value

Areas to Watch

IREN4 concerns · Avg: 2.8/10
P/E RatioValuation
28.7x4/10

Moderate valuation

Debt/EquityHealth
1.533/10

Elevated debt levels

PEG RatioValuation
4.062/10

Expensive relative to growth rate

Free Cash FlowQuality
$-208.96M2/10

Negative free cash flow — burning cash

SNPS4 concerns · Avg: 2.5/10
Return on EquityProfitability
5.5%3/10

ROE of 5.5% — below average capital efficiency

Piotroski F-ScoreQuality
1/93/10

Weak financial health signals

PEG RatioValuation
2.772/10

Expensive relative to growth rate

P/E RatioValuation
64.6x2/10

Premium valuation, high expectations priced in

Comparative Analysis Report

WallStSmart Research

Bull Case : IREN

The strongest argument for IREN centers on Profit Margin, Revenue Growth, Return on Equity. Profitability is solid with margins at 51.5% and operating margin at -45.8%. Revenue growth of 59.0% demonstrates continued momentum.

Bull Case : SNPS

The strongest argument for SNPS centers on Revenue Growth, Market Cap, Price/Book. Revenue growth of 65.5% demonstrates continued momentum.

Bear Case : IREN

The primary concerns for IREN are P/E Ratio, Debt/Equity, PEG Ratio. Debt-to-equity of 1.53 is elevated, increasing financial risk.

Bear Case : SNPS

The primary concerns for SNPS are Return on Equity, Piotroski F-Score, PEG Ratio. A P/E of 64.6x leaves little room for execution misses.

Key Dynamics to Monitor

IREN carries more volatility with a beta of 4.32 — expect wider price swings.

SNPS is growing revenue faster at 65.5% — sustainability is the question.

SNPS generates stronger free cash flow (822M), providing more financial flexibility.

Monitor CAPITAL MARKETS industry trends, competitive dynamics, and regulatory changes.

Bottom Line

IREN scores higher overall (57/100 vs 51/100), backed by strong 51.5% margins and 59.0% revenue growth. Both earn "Buy" and "Buy" ratings respectively — the choice depends on your investment horizon and risk tolerance.

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

IREN Ltd

FINANCIAL SERVICES · CAPITAL MARKETS · USA

IREN Limited (Ticker: IREN) is a vertically integrated data-center and digital infrastructure company traded on the Nasdaq. Headquartered in Sydney, Australia, it develops, owns and operates large-scale, renewable-powered data centers across North America that support Bitcoin mining, AI cloud services, and high-performance computing workloads. Originally known as Iris Energy Limited before rebranding in 2024, IREN combines its energy infrastructure and computing platforms to generate revenue from cryptocurrency mining and increasingly from GPU-powered AI cloud offerings. The company has secured significant power capacity and major customer contracts as it pivots toward AI data-center growth while maintaining its legacy mining business.

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Synopsys Inc

TECHNOLOGY · SOFTWARE - INFRASTRUCTURE · USA

Synopsys is an American electronic design automation company that focuses on silicon design and verification, silicon intellectual property and software security and quality. Products include logic synthesis, behavioral synthesis, place and route, static timing analysis, formal verification, hardware description language (SystemC, SystemVerilog/Verilog, VHDL) simulators, and transistor-level circuit simulation.

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