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.
IGO passed our risk checks.
Price History & Performance
|Historical stock prices|
|Current Share Price||AU$9.92|
|52 Week High||AU$15.26|
|52 Week Low||AU$8.05|
|1 Month Change||-16.43%|
|3 Month Change||-28.68%|
|1 Year Change||20.54%|
|3 Year Change||104.54%|
|5 Year Change||213.92%|
|Change since IPO||3,574.07%|
Recent News & Updates
Here's Why I Think IGO (ASX:IGO) Might Deserve Your Attention Today
Like a puppy chasing its tail, some new investors often chase 'the next big thing', even if that means buying 'story...
|IGO||AU Metals and Mining||AU Market|
Return vs Industry: IGO exceeded the Australian Metals and Mining industry which returned -15.2% over the past year.
Return vs Market: IGO exceeded the Australian Market which returned -10.5% over the past year.
|IGO Average Weekly Movement||6.8%|
|Metals and Mining Industry Average Movement||11.8%|
|Market Average Movement||10.1%|
|10% most volatile stocks in AU Market||16.8%|
|10% least volatile stocks in AU Market||4.5%|
Stable Share Price: IGO is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 7% a week.
Volatility Over Time: IGO's weekly volatility (7%) has been stable over the past year.
About the Company
|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|
Is IGO overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|IGO income statement (TTM)|
|Cost of Revenue||AU$192.58m|
Last Reported Earnings
Dec 31, 2021
Next Earnings Date
Jul 27, 2022
|Earnings per share (EPS)||0.25|
|Net Profit Margin||25.49%|
How did IGO perform over the long term?See historical performance and comparison
1.0%Current Dividend Yield
Is IGO undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 4/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for IGO?
Other financial metrics that can be useful for relative valuation.
|What is IGO's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does IGO's PE Ratio compare to its peers?
|IGO PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
LYC Lynas Rare Earths
ILU Iluka Resources
MIN Mineral Resources
Price-To-Earnings vs Peers: IGO is expensive based on its Price-To-Earnings Ratio (40x) compared to the peer average (16x).
Price to Earnings Ratio vs Industry
How does IGO's PE Ratio compare vs other companies in the AU Metals and Mining Industry?
Price-To-Earnings vs Industry: IGO is expensive based on its Price-To-Earnings Ratio (40x) compared to the Australian Metals and Mining industry average (9.1x)
Price to Earnings Ratio vs Fair Ratio
What is IGO's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PE Ratio||40x|
|Fair PE Ratio||58.6x|
Price-To-Earnings vs Fair Ratio: IGO is good value based on its Price-To-Earnings Ratio (40x) compared to the estimated Fair Price-To-Earnings Ratio (58.6x).
Share Price vs Fair Value
What is the Fair Price of IGO when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: IGO (A$9.92) is trading below our estimate of fair value (A$16.44)
Significantly Below Fair Value: IGO is trading below fair value by more than 20%.
Price to Earnings Growth Ratio
PEG Ratio: IGO is good value based on its PEG Ratio (0.7x)
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How is IGO forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?
Future Growth Score5/6
Future Growth Score 5/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: IGO's forecast earnings growth (56.5% per year) is above the savings rate (1.8%).
Earnings vs Market: IGO's earnings (56.5% per year) are forecast to grow faster than the Australian market (5.7% per year).
High Growth Earnings: IGO's earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: IGO's revenue (8.3% per year) is forecast to grow faster than the Australian market (5.2% per year).
High Growth Revenue: IGO's revenue (8.3% 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 high in 3 years time (31%)
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How has IGO performed over the past 5 years?
Past Performance Score5/6
Past Performance Score 5/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: IGO has high quality earnings.
Growing Profit Margin: IGO's current net profit margins (25.5%) are higher than last year (1.4%).
Past Earnings Growth Analysis
Earnings Trend: IGO's earnings have grown significantly by 36.1% per year over the past 5 years.
Accelerating Growth: IGO's earnings growth over the past year (3070.1%) exceeds its 5-year average (36.1% per year).
Earnings vs Industry: IGO earnings growth over the past year (3070.1%) exceeded the Metals and Mining industry 57.3%.
Return on Equity
High ROE: IGO's Return on Equity (5.8%) is considered low.
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How is IGO's financial position?
Financial Health Score6/6
Financial Health Score 6/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: IGO's short term assets (A$803.3M) exceed its short term liabilities (A$267.6M).
Long Term Liabilities: IGO's short term assets (A$803.3M) exceed its long term liabilities (A$172.8M).
Debt to Equity History and Analysis
Debt Level: IGO is debt free.
Reducing Debt: IGO has no debt compared to 5 years ago when its debt to equity ratio was 11.2%.
Debt Coverage: IGO has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: IGO has no debt, therefore coverage of interest payments is not a concern.
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What is IGO current dividend yield, its reliability and sustainability?
Dividend Score 0/6
Cash Flow Coverage
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: IGO's dividend (1.01%) isn’t notable compared to the bottom 25% of dividend payers in the Australian market (2.72%).
High Dividend: IGO's dividend (1.01%) is low compared to the top 25% of dividend payers in the Australian market (6.86%).
Stability and Growth of Payments
Stable Dividend: IGO is not paying a notable dividend for the Australian market, therefore no need to check if payments are stable.
Growing Dividend: IGO is not paying a notable dividend for the Australian market, therefore no need to check if payments are increasing.
Earnings Payout to Shareholders
Earnings Coverage: IGO is not paying a notable dividend for the Australian market.
Cash Payout to Shareholders
Cash Flow Coverage: IGO is not paying a notable dividend for the Australian market.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Peter J. Bradford (63 yo)
Mr. Peter J. L. Bradford, B.App.Sc., Extractive Metallurgy, FAusIMM, MSMME, MAIC, has been the Chief Executive Officer and Managing Director of IGO Limited (formerly known as Independence Group NL) since M...
CEO Compensation Analysis
Compensation vs Market: Peter J.'s total compensation ($USD1.75M) is below average for companies of similar size in the Australian market ($USD2.58M).
Compensation vs Earnings: Peter J.'s compensation has been consistent with company performance over the past year.
Experienced Management: IGO's management team is seasoned and experienced (5.5 years average tenure).
Experienced Board: IGO's board of directors are considered experienced (5.6 years average tenure).
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
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
IGO Limited's employee growth, exchange listings and data sources
- Name: IGO Limited
- Ticker: IGO
- Exchange: ASX
- Founded: 2000
- Industry: Diversified Metals and Mining
- Sector: Materials
- Implied Market Cap: AU$7.508b
- Shares outstanding: 756.88m
- Website: https://www.igo.com.au
Number of Employees
- IGO Limited
- South Shore Centre
- Suite 4, Level 5
- Western Australia
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/07/05 00:00|
|End of Day Share Price||2022/07/05 00:00|
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.