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IBG

Ironbark ZincASX:IBG Stock Report

Market Cap

AU$65.0m

7D

20.0%

1Y

285.7%

Updated

21 Oct, 2021

Data

Company Financials
IBG fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance0/6
Financial Health4/6
Dividends0/6

IBG Overview

Ironbark Zinc Limited explores for and evaluates mineral properties in Australia and Greenland.

Price History & Performance

Summary of all time highs, changes and price drops for Ironbark Zinc
Historical stock prices
Current Share PriceAU$0.054
52 Week HighAU$0.013
52 Week LowAU$0.058
Beta1.55
1 Month Change80.00%
3 Month Change157.14%
1 Year Change285.71%
3 Year Change38.46%
5 Year Change-26.03%
Change since IPO-21.74%

Recent News & Updates

Aug 30
Ironbark Zinc (ASX:IBG) Is In A Good Position To Deliver On Growth Plans

Ironbark Zinc (ASX:IBG) Is In A Good Position To Deliver On Growth Plans

Even when a business is losing money, it's possible for shareholders to make money if they buy a good business at the...

May 16
We Think Ironbark Zinc (ASX:IBG) Can Afford To Drive Business Growth

We Think Ironbark Zinc (ASX:IBG) Can Afford To Drive Business Growth

Even when a business is losing money, it's possible for shareholders to make money if they buy a good business at the...

Jan 31
Companies Like Ironbark Zinc (ASX:IBG) Are In A Position To Invest In Growth

Companies Like Ironbark Zinc (ASX:IBG) Are In A Position To Invest In Growth

There's no doubt that money can be made by owning shares of unprofitable businesses. Indeed, Ironbark Zinc ( ASX:IBG...

Shareholder Returns

IBGAU Metals and MiningAU Market
7D20.0%1.8%1.5%
1Y285.7%11.3%21.1%

Return vs Industry: IBG exceeded the Australian Metals and Mining industry which returned 11.3% over the past year.

Return vs Market: IBG exceeded the Australian Market which returned 21.1% over the past year.

Price Volatility

Is IBG's price volatile compared to industry and market?
IBG volatility
IBG Beta1.55
Industry Beta0.97
Market Beta1

Stable Share Price: IBG is more volatile than 90% of Australian stocks over the past 3 months, typically moving +/- 18% a week.

Volatility Over Time: IBG's weekly volatility (18%) has been stable over the past year, but is still higher than 75% of Australian stocks.

About the Company

FoundedEmployeesCEOWebsite
2006n/aMichael Jardine-Hargravehttps://ironbark.gl

Ironbark Zinc Limited explores for and evaluates mineral properties in Australia and Greenland. The company primarily explores for zinc, gold, copper, silver, lead, and base and precious metals. Its flagship project is the 100% owned Citronen property located in Greenland.

Ironbark Zinc Fundamentals Summary

How do Ironbark Zinc's earnings and revenue compare to its market cap?
IBG fundamental statistics
Market CapAU$64.95m
Earnings (TTM)-AU$2.97m
Revenue (TTM)n/a

0x

P/S Ratio

-21.9x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
IBG income statement (TTM)
RevenueAU$0
Cost of RevenueAU$0
Gross ProfitAU$0
ExpensesAU$2.98m
Earnings-AU$2.97m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.0025
Gross Margin0.00%
Net Profit Margin0.00%
Debt/Equity Ratio0.0%

How did IBG perform over the long term?

See historical performance and comparison

Valuation

Is Ironbark Zinc undervalued compared to its fair value and its price relative to the market?

1.09x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate IBG's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate IBG's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: IBG is unprofitable, so we can't compare its PE Ratio to the Australian Metals and Mining industry average.

PE vs Market: IBG is unprofitable, so we can't compare its PE Ratio to the Australian market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate IBG's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: IBG is good value based on its PB Ratio (1.1x) compared to the AU Metals and Mining industry average (2.6x).


Future Growth

How is Ironbark Zinc forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

0.03%

Forecasted Materials industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Ironbark Zinc has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Past Performance

How has Ironbark Zinc performed over the past 5 years?

-13.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: IBG is currently unprofitable.

Growing Profit Margin: IBG is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: IBG is unprofitable, and losses have increased over the past 5 years at a rate of 13.2% per year.

Accelerating Growth: Unable to compare IBG's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: IBG is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (35.3%).


Return on Equity

High ROE: IBG has a negative Return on Equity (-4.99%), as it is currently unprofitable.


Financial Health

How is Ironbark Zinc's financial position?


Financial Position Analysis

Short Term Liabilities: IBG's short term assets (A$2.6M) do not cover its short term liabilities (A$2.8M).

Long Term Liabilities: IBG has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: IBG is debt free.

Reducing Debt: IBG has not had any debt for past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: IBG has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: IBG has less than a year of cash runway if free cash flow continues to reduce at historical rates of 3% each year


Dividend

What is Ironbark Zinc current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate IBG's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate IBG's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if IBG's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if IBG's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of IBG's dividend in 3 years as they are not forecast to pay a notable one for the Australian market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

AU$385k

CEO Compensation


CEO

Michael Jardine-Hargrave

2.08yrs

Tenure

AU$385,455

Compensation

Mr. Michael John Jardine-Hargrave, B.Com(hons), has been the Managing Director at Ironbark Zinc Ltd. from September 20, 2019 and serves as its Director. Mr. Jardine has been Business Development Manager of...


CEO Compensation Analysis

Compensation vs Market: Michael's total compensation ($USD288.67K) is about average for companies of similar size in the Australian market ($USD303.55K).

Compensation vs Earnings: Michael's compensation has increased whilst the company is unprofitable.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 30.7%.


Top Shareholders

Company Information

Ironbark Zinc Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Ironbark Zinc Limited
  • Ticker: IBG
  • Exchange: ASX
  • Founded: 2006
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Market Cap: AU$64.951m
  • Shares outstanding: 1.20b
  • Website: https://ironbark.gl

Location

  • Ironbark Zinc Limited
  • 22 Railway Road
  • Level 3
  • Subiaco
  • Western Australia
  • 6008
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/21 18:13
End of Day Share Price2021/10/21 00:00
Earnings2021/06/30
Annual Earnings2021/06/30


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.