| Snowflake Score | |
|---|---|
| Valuation | 1/6 |
| Future Growth | 3/6 |
| Past Performance | 4/6 |
| Financial Health | 6/6 |
| Dividends | 0/6 |
IGO Stock Overview
IGO Limited operates as an exploration and mining company that engages in discovering, developing, and operating assets focused on metals to enable clean energy in Australia.
Rewards
Risk Analysis
No risks detected for IGO from our risk checks.
IGO Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | AU$12.80 |
| 52 Week High | AU$13.37 |
| 52 Week Low | AU$6.03 |
| Beta | 1.03 |
| 1 Month Change | 15.63% |
| 3 Month Change | 34.03% |
| 1 Year Change | 81.56% |
| 3 Year Change | 210.68% |
| 5 Year Change | 224.87% |
| Change since IPO | 4,640.74% |
Recent News & Updates
IGO Limited's (ASX:IGO) Intrinsic Value Is Potentially 27% Above Its Share Price
Does the November share price for IGO Limited ( ASX:IGO ) reflect what it's really worth? Today, we will estimate the...
Should You Be Adding IGO (ASX:IGO) To Your Watchlist Today?
It's only natural that many investors, especially those who are new to the game, prefer to buy shares in 'sexy' stocks...
Shareholder Returns
| IGO | AU Metals and Mining | AU Market | |
|---|---|---|---|
| 7D | 0.6% | -2.0% | -2.8% |
| 1Y | 81.6% | 7.0% | 5.8% |
Return vs Industry: IGO exceeded the Australian Metals and Mining industry which returned 7% over the past year.
Return vs Market: IGO exceeded the Australian Market which returned 5.8% over the past year.
Price Volatility
| IGO volatility | |
|---|---|
| IGO Average Weekly Movement | 4.9% |
| Metals and Mining Industry Average Movement | 10.8% |
| Market Average Movement | 8.6% |
| 10% most volatile stocks in AU Market | 15.4% |
| 10% least volatile stocks in AU Market | 3.7% |
Stable Share Price: IGO is less volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: IGO's weekly volatility (5%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2000 | n/a | Peter J. Bradford | https://www.igo.com.au |
IGO Limited operates as an exploration and mining company that engages in discovering, developing, and operating assets focused on metals to enable clean energy in Australia. It owns and operates a 100% interest in the Nova nickel-copper-cobalt operation located in the Great Western Woodlands, northeast of Norseman. The company’s primary properties are the Fraser Range nickel-copper and Paterson copper projects.
IGO Fundamentals Summary
| IGO fundamental statistics | |
|---|---|
| Market Cap | AU$9.71b |
| Earnings (TTM) | AU$116.77m |
| Revenue (TTM) | AU$671.74m |
83.1x
P/E Ratio14.4x
P/S RatioIs IGO overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| IGO income statement (TTM) | |
|---|---|
| Revenue | AU$671.74m |
| Cost of Revenue | AU$179.18m |
| Gross Profit | AU$492.56m |
| Expenses | AU$375.80m |
| Earnings | AU$116.77m |
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
Jan 31, 2022
| Earnings per share (EPS) | 0.15 |
| Gross Margin | 73.33% |
| Net Profit Margin | 17.38% |
| Debt/Equity Ratio | 0% |
How did IGO perform over the long term?
See historical performance and comparisonDividends
0.8%
Current Dividend Yield58%
Payout RatioValuation
Is IGO undervalued compared to its fair value and its price relative to the market?
1.0%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: IGO (A$12.8) is trading below our estimate of fair value (A$12.93)
Significantly Below Fair Value: IGO is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: IGO is poor value based on its PE Ratio (83.1x) compared to the Australian Metals and Mining industry average (16.4x).
PE vs Market: IGO is poor value based on its PE Ratio (83.1x) compared to the Australian market (18.6x).
Price to Earnings Growth Ratio
PEG Ratio: IGO is poor value based on its PEG Ratio (3.6x)
Price to Book Ratio
PB vs Industry: IGO is overvalued based on its PB Ratio (3x) compared to the AU Metals and Mining industry average (2.8x).
Future Growth
How is IGO forecast to perform in the next 1 to 3 years based on estimates from 10 analysts?
22.9%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: IGO's forecast earnings growth (22.9% per year) is above the savings rate (1.9%).
Earnings vs Market: IGO's earnings (22.9% per year) are forecast to grow faster than the Australian market (11.1% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: IGO's revenue (4.5% per year) is forecast to grow slower than the Australian market (4.8% per year).
High Growth Revenue: IGO's revenue (4.5% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: IGO's Return on Equity is forecast to be low in 3 years time (15%).
Past Performance
How has IGO performed over the past 5 years?
45.0%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: IGO has high quality earnings.
Growing Profit Margin: IGO's current net profit margins (17.4%) are higher than last year (14.4%).
Past Earnings Growth Analysis
Earnings Trend: IGO has become profitable over the past 5 years, growing earnings by 45% per year.
Accelerating Growth: IGO's earnings growth over the past year (35.3%) is below its 5-year average (45% per year).
Earnings vs Industry: IGO earnings growth over the past year (35.3%) exceeded the Metals and Mining industry 33%.
Return on Equity
High ROE: IGO's Return on Equity (3.6%) is considered low.
Financial Health
How is IGO's financial position?
Financial Position Analysis
Short Term Liabilities: IGO's short term assets (A$758.6M) exceed its short term liabilities (A$232.4M).
Long Term Liabilities: IGO's short term assets (A$758.6M) exceed its long term liabilities (A$176.5M).
Debt to Equity History and Analysis
Debt Level: IGO is debt free.
Reducing Debt: IGO has no debt compared to 5 years ago when its debt to equity ratio was 18.1%.
Debt Coverage: IGO has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: IGO has no debt, therefore coverage of interest payments is not a concern.
Balance Sheet
Dividend
What is IGO current dividend yield, its reliability and sustainability?
0.78%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: IGO's dividend (0.78%) isn’t notable compared to the bottom 25% of dividend payers in the Australian market (2.25%).
High Dividend: IGO's dividend (0.78%) is low compared to the top 25% of dividend payers in the Australian market (5.52%).
Stability and Growth of Payments
Stable Dividend: IGO is not paying a notable dividend for the Australian market, therefore no need to check if payments are stable.
Growing Dividend: IGO is not paying a notable dividend for the Australian market, therefore no need to check if payments are increasing.
Current Payout to Shareholders
Dividend Coverage: IGO is not paying a notable dividend for the Australian market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of IGO'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?
5.0yrs
Average management tenure
CEO
Peter J. Bradford (62 yo)
7.83yrs
Tenure
AU$2,557,791
Compensation
Mr. Peter J. L. Bradford, B.App.Sc., Extractive Metallurgy, FAusIMM, MSMME, MAIC, has been the Chief Executive Officer and Managing Director of IGO Limited (formerly known as Independence Group NL) since M...
CEO Compensation Analysis
Compensation vs Market: Peter J.'s total compensation ($USD1.84M) is about average for companies of similar size in the Australian market ($USD2.37M).
Compensation vs Earnings: Peter J.'s compensation has been consistent with company performance over the past year.
Leadership Team
Experienced Management: IGO's management team is seasoned and experienced (5 years average tenure).
Board Members
Experienced Board: IGO's board of directors are considered experienced (5.1 years average tenure).
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 not been meaningfully diluted in the past year.
Top Shareholders
Company Information
IGO Limited's employee growth, exchange listings and data sources
Key Information
- Name: IGO Limited
- Ticker: IGO
- Exchange: ASX
- Founded: 2000
- Industry: Diversified Metals and Mining
- Sector: Materials
- Implied Market Cap: AU$9.706b
- Shares outstanding: 758.26m
- Website: https://www.igo.com.au
Number of Employees
Location
- IGO Limited
- South Shore Centre
- Suite 4, Level 5
- Perth
- Western Australia
- 6151
- Australia
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/01/22 07:02 |
| End of Day Share Price | 2022/01/21 00:00 |
| Earnings | 2021/06/30 |
| Annual Earnings | 2021/06/30 |
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.