Executive Summary
IGO Limited operates as a mining and exploration company in Australia. More Details
Rewards
Risk Analysis
Snowflake Analysis
Flawless balance sheet with moderate growth potential.
Similar Companies
Share Price & News
How has IGO's share price performed over time and what events caused price changes?
Latest Share Price and Events
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.
Market Performance
7 Day Return
2.5%
IGO
0.9%
AU Metals and Mining
-0.5%
AU Market
1 Year Return
69.2%
IGO
59.8%
AU Metals and Mining
37.3%
AU Market
Return vs Industry: IGO exceeded the Australian Metals and Mining industry which returned 59.8% over the past year.
Return vs Market: IGO exceeded the Australian Market which returned 37.3% over the past year.
Shareholder returns
| IGO | Industry | Market | |
|---|---|---|---|
| 7 Day | 2.5% | 0.9% | -0.5% |
| 30 Day | 18.0% | 7.7% | 2.3% |
| 90 Day | 20.6% | 9.4% | 2.9% |
| 1 Year | 76.6%69.2% | 68.0%59.8% | 41.4%37.3% |
| 3 Year | 66.5%54.5% | 70.9%47.0% | 31.1%15.3% |
| 5 Year | 207.0%181.3% | 183.9%138.5% | 62.1%31.8% |
Long-Term Price Volatility Vs. Market
How volatile is IGO's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 days ago | Simply Wall St
A Look At The Fair Value Of IGO Limited (ASX:IGO)1 month ago | Simply Wall St
Declining Stock and Decent Financials: Is The Market Wrong About IGO Limited (ASX:IGO)?2 months ago | Simply Wall St
Here's What IGO Limited's (ASX:IGO) Shareholder Ownership Structure Looks LikeValuation
Is IGO undervalued compared to its fair value and its price relative to the market?
41.97x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: IGO (A$7.68) is trading above our estimate of fair value (A$6.67)
Significantly Below Fair Value: IGO is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: IGO is poor value based on its PE Ratio (42x) compared to the AU Metals and Mining industry average (14x).
PE vs Market: IGO is poor value based on its PE Ratio (42x) compared to the Australian market (20.6x).
Price to Earnings Growth Ratio
PEG Ratio: IGO is poor value based on its PEG Ratio (1.8x)
Price to Book Ratio
PB vs Industry: IGO is good value based on its PB Ratio (2.2x) compared to the AU Metals and Mining industry average (2.5x).
Future Growth
How is IGO forecast to perform in the next 1 to 3 years based on estimates from 12 analysts?
23.3%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: IGO's forecast earnings growth (23.3% per year) is above the savings rate (1.9%).
Earnings vs Market: IGO's earnings (23.3% per year) are forecast to grow faster than the Australian market (14% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: IGO's revenue (5.2% per year) is forecast to grow slower than the Australian market (5.3% per year).
High Growth Revenue: IGO's revenue (5.2% 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 (6.3%).
Past Performance
How has IGO performed over the past 5 years?
60.5%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: IGO has a large one-off gain of A$28.5M impacting its December 31 2020 financial results.
Growing Profit Margin: IGO's current net profit margins (12.4%) are lower than last year (19.3%).
Past Earnings Growth Analysis
Earnings Trend: IGO has become profitable over the past 5 years, growing earnings by 60.5% per year.
Accelerating Growth: IGO's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: IGO had negative earnings growth (-37.7%) over the past year, making it difficult to compare to the Metals and Mining industry average (25.6%).
Return on Equity
High ROE: IGO's Return on Equity (4.1%) is considered low.
Financial Health
How is IGO's financial position?
Financial Position Analysis
Short Term Liabilities: IGO's short term assets (A$1.5B) exceed its short term liabilities (A$77.1M).
Long Term Liabilities: IGO's short term assets (A$1.5B) exceed its long term liabilities (A$244.4M).
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 13.2%.
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?
1.28%
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate IGO's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate IGO'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 IGO's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if IGO's dividend payments have been 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?
4.3yrs
Average management tenure
CEO
Peter J. Bradford (61 yo)
7.17yrs
Tenure
AU$2,131,635
Compensation
Mr. Peter J. L. Bradford, B.App.Sc., Extractive Metallurgy, FAusIMM, MSMME, MAIC, has been the Chief Executive Officer and Managing Director of IGO Limited (formerly known as Independence Group NL) since M...
CEO Compensation Analysis
Compensation vs Market: Peter J.'s total compensation ($USD1.66M) is about average for companies of similar size in the Australian market ($USD1.72M).
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 considered experienced (4.3 years average tenure).
Board Members
Experienced Board: IGO's board of directors are considered experienced (5.4 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: IGO 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 28.2%.
Top Shareholders
Company Information
IGO Limited's company bio, 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
- Market Cap: AU$5.755b
- Shares outstanding: 757.27m
- 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
Biography
IGO Limited operates as a mining and exploration company in Australia. The company owns a 100% interest in the Nova project, which produces nickel, copper, and cobalt concentrates located to the east-north...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/05/07 08:11 |
| End of Day Share Price | 2021/05/07 00:00 |
| Earnings | 2020/12/31 |
| Annual Earnings | 2020/06/30 |
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.