WallStSmart

Iron Mountain Incorporated (IRM)vsChicago Atlantic Real Estate Finance Inc (REFI)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Iron Mountain Incorporated generates 13156% more annual revenue ($7.25B vs $54.66M). REFI leads profitability with a 65.9% profit margin vs 3.8%. REFI trades at a lower P/E of 7.3x. IRM earns a higher WallStSmart Score of 64/100 (C+).

IRM

Buy

64

out of 100

Grade: C+

Growth: 8.7Profit: 7.0Value: 2.7Quality: 3.3
Piotroski: 2/9Altman Z: 0.12

REFI

Buy

51

out of 100

Grade: C-

Growth: 4.0Profit: 8.5Value: 7.7Quality: 5.0
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

IRMOvervalued (-5.2%)

Margin of Safety

-5.2%

Fair Value

$95.27

Current Price

$132.06

$36.79 premium

UndervaluedFair: $95.27Overvalued
REFIUndervalued (+18.7%)

Margin of Safety

+18.7%

Fair Value

$14.64

Current Price

$12.25

$2.39 discount

UndervaluedFair: $14.64Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

IRM4 strengths · Avg: 9.0/10
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

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

REFI4 strengths · Avg: 10.0/10
P/E RatioValuation
7.3x10/10

Attractively priced relative to earnings

Price/BookValuation
0.8x10/10

Reasonable price relative to book value

Profit MarginProfitability
65.9%10/10

Keeps 66 of every $100 in revenue as profit

Operating MarginProfitability
57.7%10/10

Strong operational efficiency at 57.7%

Areas to Watch

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
138.3x2/10

Premium valuation, high expectations priced in

REFI3 concerns · Avg: 3.0/10
Revenue GrowthGrowth
2.7%4/10

2.7% revenue growth

Market CapQuality
$259.79M3/10

Smaller company, higher risk/reward

EPS GrowthGrowth
-3.3%2/10

Earnings declined 3.3%

Comparative Analysis Report

WallStSmart Research

Bull Case : IRM

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

Bull Case : REFI

The strongest argument for REFI centers on P/E Ratio, Price/Book, Profit Margin. Profitability is solid with margins at 65.9% and operating margin at 57.7%.

Bear Case : IRM

The primary concerns for IRM are Profit Margin, Piotroski F-Score, PEG Ratio. A P/E of 138.3x leaves little room for execution misses. Thin 3.8% margins leave little buffer for downturns.

Bear Case : REFI

The primary concerns for REFI are Revenue Growth, Market Cap, EPS Growth.

Key Dynamics to Monitor

IRM profiles as a growth stock while REFI is a value play — different risk/reward profiles.

IRM carries more volatility with a beta of 1.15 — expect wider price swings.

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

REFI generates stronger free cash flow (7M), providing more financial flexibility.

Bottom Line

IRM scores higher overall (64/100 vs 51/100) and 21.6% revenue growth. REFI offers better value entry with a 18.7% margin of safety. 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.

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.

Chicago Atlantic Real Estate Finance Inc

REAL ESTATE · REIT - MORTGAGE · USA

Chicago Atlantic Real Estate Finance Inc. is a specialized Real Estate Investment Trust (REIT) dedicated to providing secured financing solutions primarily to the rapidly growing cannabis industry. The company is uniquely positioned to capitalize on this burgeoning sector, aiming to enhance shareholder value through a diversified and strategically managed portfolio. With a robust risk management framework and an experienced management team possessing profound industry knowledge, Chicago Atlantic is well-equipped to navigate the complex regulatory landscapes, seeking to deliver attractive risk-adjusted returns for institutional investors.

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