ASX:INR

Stock Analysis Report

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Executive Summary

ioneer Ltd explores for and develops mineral properties in North America. More Details


Snowflake Analysis

Adequate balance sheet and overvalued.

Share Price & News

How has ioneer's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: INR's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-2.8%

INR

-4.4%

AU Metals and Mining

-3.9%

AU Market


1 Year Return

-30.0%

INR

7.6%

AU Metals and Mining

-9.6%

AU Market

Return vs Industry: INR underperformed the Australian Metals and Mining industry which returned 7.6% over the past year.

Return vs Market: INR underperformed the Australian Market which returned -9.6% over the past year.


Shareholder returns

INRIndustryMarket
7 Day-2.8%-4.4%-3.9%
30 Day20.7%-1.4%1.8%
90 Day40.0%-4.6%1.7%
1 Year-30.0%-30.0%13.2%7.6%-6.4%-9.6%
3 Year-20.5%-20.5%45.8%25.5%12.3%-1.9%
5 Year2,087.5%2,087.5%134.0%88.1%40.0%11.3%

Price Volatility Vs. Market

How volatile is ioneer's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

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

2.26x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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

PE vs Market: INR 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 INR's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: INR is good value based on its PB Ratio (2.3x) compared to the AU Metals and Mining industry average (2.4x).


Next Steps

Future Growth

How is ioneer forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

-56.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: INR is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: INR is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: INR is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: Insufficient data to determine if INR's revenue is forecast to grow faster than the Australian market.

High Growth Revenue: Insufficient data to determine if INR's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if INR's Return on Equity is forecast to be high in 3 years time


Next Steps

  • Explore growth companies in the Materials industry.

Past Performance

How has ioneer performed over the past 5 years?

4.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: INR is currently unprofitable.

Growing Profit Margin: INR is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: INR is unprofitable, but has reduced losses over the past 5 years at a rate of 4.4% per year.

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

Earnings vs Industry: INR is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (38%).


Return on Equity

High ROE: INR has a negative Return on Equity (-4.19%), as it is currently unprofitable.


Next Steps

Financial Health

How is ioneer's financial position?


Financial Position Analysis

Short Term Liabilities: INR's short term assets (A$38.3M) exceed its short term liabilities (A$3.4M).

Long Term Liabilities: INR's short term assets (A$38.3M) exceed its long term liabilities (A$404.0K).


Debt to Equity History and Analysis

Debt Level: INR is debt free.

Reducing Debt: INR had no debt 5 years ago.


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: INR has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: INR has less than a year of cash runway if free cash flow continues to reduce at historical rates of 66.3% each year


Next Steps

Dividend

What is ioneer current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

High Dividend: Unable to evaluate INR'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 INR's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if INR'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 INR'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?

2.0yrs

Average management tenure


CEO

Bernard Rowe

13.17yrs

Tenure

AU$947,798

Compensation

Mr. Bernard Anthony Rowe is a founding shareholder of ioneer Ltd. (formerly, Global Geoscience Limited) and serves as its Managing Director since August 23, 2007. His diverse mineral industry experience in ...


CEO Compensation Analysis

Compensation vs Market: Bernard's total compensation ($USD667.04K) is about average for companies of similar size in the Australian market ($USD519.52K).

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


Leadership Team

NamePositionTenureCompensationOwnership
James Calaway
Executive Chairman3.25yrsAU$682.33k1.88%
A$ 5.5m
Bernard Rowe
MD & Director13.17yrsAU$947.80k3.65%
A$ 10.8m
Ian Bucknell
Company Secretary & CFO1.83yrsAU$928.60k0.039%
A$ 116.1k
Matt Weaver
Senior Vice President of Engineering & Operations2.83yrsAU$969.81k0.048%
A$ 142.4k
Yoshio Nagai
Vice President Commercial Sales & Marketing2.25yrsAU$549.85kno data
Ken Coon
Vice President Human Resources1.25yrsAU$414.86kno data
I. Nelson
Consultantno datano datano data
J. Soldi
Consultantno datano datano data
C. Paz
Consultantno datano datano data
T. Erwin
Consultantno datano datano data
Rohan Boman
Consultantno datano datano data

2.0yrs

Average Tenure

51yo

Average Age

Experienced Management: INR's management team is considered experienced (2 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
James Calaway
Executive Chairman3.25yrsAU$682.33k1.88%
A$ 5.5m
Bernard Rowe
MD & Director13.17yrsAU$947.80k3.65%
A$ 10.8m
Patrick Dymock Elliott
Independent Non-Executive Director17.42yrsAU$127.53k1.15%
A$ 3.4m
John Hofmeister
Independent Non-Executive Director3.42yrsAU$127.53k0.14%
A$ 422.0k
Alan John Davies
Independent Non-Executive Director3.42yrsAU$120.26k0.16%
A$ 481.3k
Julian Babarczy
Independent Non-executive Director0.25yrAU$5.52k0.81%
A$ 2.4m

3.4yrs

Average Tenure

65yo

Average Age

Experienced Board: INR's board of directors are considered experienced (3.4 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 been diluted in the past year, with total shares outstanding growing by 13.9%.


Top Shareholders

Company Information

ioneer Ltd's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: ioneer Ltd
  • Ticker: INR
  • Exchange: ASX
  • Founded: 2001
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Market Cap: AU$294.378m
  • Shares outstanding: 1.68b
  • Website: https://www.ioneer.com

Location

  • ioneer Ltd
  • 140 Arthur Street
  • Suite 5.03
  • North Sydney
  • New South Wales
  • 2060
  • Australia

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
INRASX (Australian Securities Exchange)YesOrdinary SharesAUAUDDec 2007
INRCHIA (Chi-X Australia)YesOrdinary SharesAUAUDDec 2007
4G1DB (Deutsche Boerse AG)YesOrdinary SharesDEEURDec 2007
GSCC.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDDec 2007

Biography

ioneer Ltd explores for and develops mineral properties in North America. It focuses on developing the 100% owned Rhyolite Ridge lithium-boron project located in Nevada, the United States. The company was ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/31 10:47
End of Day Share Price2020/10/30 00:00
Earnings2020/06/30
Annual Earnings2020/06/30


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.