Iluka Resources Limited

ASX:ILU Stock Report

Market Cap: AU$2.1b

Iluka Resources Valuation

Is ILU undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of ILU when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: ILU (A$4.84) is trading below our estimate of fair value (A$5.51)

Significantly Below Fair Value: ILU is trading below fair value, but not by a significant amount.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for ILU?

Key metric: As ILU is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for ILU. This is calculated by dividing ILU's market cap by their current earnings.
What is ILU's PE Ratio?
PE Ratio7.6x
EarningsAU$272.50m
Market CapAU$2.07b

Price to Earnings Ratio vs Peers

How does ILU's PE Ratio compare to its peers?

The above table shows the PE ratio for ILU vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average40.6x
PRN Perenti
13.4x23.3%AU$1.3b
IMD Imdex
36.7x19.7%AU$1.2b
LYC Lynas Rare Earths
69.9x43.1%AU$5.9b
BLY Boart Longyear Group
42.4xn/aAU$861.1m
ILU Iluka Resources
7.6x2.7%AU$2.1b

Price-To-Earnings vs Peers: ILU is good value based on its Price-To-Earnings Ratio (7.6x) compared to the peer average (40.6x).

Price to Earnings Ratio vs Industry

How does ILU's PE Ratio compare vs other companies in the AU Metals and Mining Industry?

9 CompaniesPrice / EarningsEstimated GrowthMarket Cap
KCN Kingsgate Consolidated
1.7x-13.3%US$207.15m
RHI Red Hill Minerals
1.7xn/aUS$165.24m
GRR Grange Resources
2.4xn/aUS$159.24m
PTN Patronus Resources
1.8xn/aUS$50.18m
ILU 7.6xIndustry Avg. 12.8xNo. of Companies10PE01020304050+
9 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: ILU is good value based on its Price-To-Earnings Ratio (7.6x) compared to the Australian Metals and Mining industry average (12.8x).

Price to Earnings Ratio vs Fair Ratio

What is ILU'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.

ILU PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio7.6x
Fair PE Ratio14.3x

Price-To-Earnings vs Fair Ratio: ILU is good value based on its Price-To-Earnings Ratio (7.6x) compared to the estimated Fair Price-To-Earnings Ratio (14.3x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst ILU forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentAU$4.84
AU$6.74
+39.3%
14.3%AU$9.20AU$5.75n/a11
Dec ’25AU$5.58
AU$7.09
+27.0%
12.6%AU$9.50AU$6.15n/a11
Nov ’25AU$6.00
AU$7.17
+19.4%
12.6%AU$9.50AU$6.15n/a10
Oct ’25AU$6.81
AU$7.40
+8.7%
13.5%AU$9.50AU$6.30n/a10
Sep ’25AU$6.16
AU$7.38
+19.7%
13.8%AU$9.50AU$6.30n/a10
Aug ’25AU$6.01
AU$7.58
+26.0%
12.5%AU$9.50AU$6.70n/a10
Jul ’25AU$6.67
AU$7.92
+18.7%
12.6%AU$9.90AU$6.70n/a10
Jun ’25AU$7.15
AU$7.98
+11.6%
12.2%AU$9.90AU$7.00n/a10
May ’25AU$7.54
AU$7.98
+5.8%
12.2%AU$9.90AU$7.00n/a10
Apr ’25AU$7.21
AU$7.88
+9.2%
11.2%AU$9.50AU$7.00n/a10
Mar ’25AU$7.12
AU$7.88
+10.6%
11.4%AU$9.50AU$6.70n/a10
Feb ’25AU$7.08
AU$7.79
+10.0%
13.6%AU$9.80AU$6.40n/a10
Jan ’25AU$6.60
AU$8.15
+23.5%
17.2%AU$10.80AU$6.50n/a10
Dec ’24AU$6.83
AU$8.67
+27.0%
16.8%AU$10.80AU$6.95AU$5.589
Nov ’24AU$7.24
AU$8.72
+20.4%
16.7%AU$10.80AU$6.95AU$6.009
Oct ’24AU$7.68
AU$9.20
+19.7%
12.2%AU$11.20AU$7.90AU$6.8110
Sep ’24AU$8.43
AU$9.42
+11.7%
11.8%AU$11.20AU$7.90AU$6.1610
Aug ’24AU$10.22
AU$11.28
+10.4%
8.4%AU$13.30AU$10.25AU$6.0110
Jul ’24AU$11.11
AU$11.49
+3.4%
7.9%AU$13.70AU$10.60AU$6.6710
Jun ’24AU$11.08
AU$11.36
+2.5%
7.7%AU$12.80AU$9.50AU$7.1510
May ’24AU$10.94
AU$11.33
+3.6%
7.5%AU$12.80AU$9.50AU$7.5410
Apr ’24AU$10.62
AU$11.13
+4.8%
8.3%AU$12.50AU$9.12AU$7.2111
Mar ’24AU$10.77
AU$11.13
+3.3%
8.8%AU$12.80AU$9.12AU$7.1210
Feb ’24AU$11.07
AU$11.13
+0.6%
9.7%AU$12.70AU$9.12AU$7.0810
Jan ’24AU$9.53
AU$10.98
+15.2%
10.2%AU$12.50AU$9.12AU$6.6010
Dec ’23AU$10.52
AU$10.93
+3.9%
10.3%AU$12.60AU$9.12AU$6.8310

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/21 21:02
End of Day Share Price 2024/12/20 00:00
Earnings2024/06/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Iluka Resources Limited is covered by 32 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Russell WrightBarclay Pearce Capital Pty Limited
Dale KoendersBarrenjoey Markets Pty Limited
Fred TruongBell Potter