ASX:INR

Stock Analysis Report

Executive Summary

ioneer Ltd explores for and produces mineral properties in North America.

Snowflake

Fundamentals

Adequate balance sheet with weak fundamentals.

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

-5.7%

INR

0.05%

AU Metals and Mining

2.5%

AU Market


1 Year Return

-36.5%

INR

10.3%

AU Metals and Mining

11.1%

AU Market

Return vs Industry: INR underperformed the Australian Metals and Mining industry which returned 10.3% over the past year.

Return vs Market: INR underperformed the Australian Market which returned 11.1% over the past year.


Shareholder returns

INRIndustryMarket
7 Day-5.7%0.05%2.5%
30 Day-2.9%-5.6%0.7%
90 Day-8.3%-8.9%1.4%
1 Year-36.5%-36.5%17.9%10.3%17.5%11.1%
3 Year189.5%189.5%62.5%43.1%37.8%19.4%
5 Year1962.5%1962.5%56.0%20.7%51.7%17.6%

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?

2.54x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

Significantly Undervalued: 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 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

Low 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 overvalued based on its PB Ratio (2.5x) compared to the AU Metals and Mining industry average (1.6x).


Next Steps

Future Growth

How is ioneer forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

2.5%

Forecasted Materials industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as ioneer has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has ioneer performed over the past 5 years?

12.0%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: INR is unprofitable, but has reduced losses over the past 5 years at a rate of 12% 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 (1.3%).


Return on Equity

High ROE: INR has a negative Return on Equity (-0.98%), as it is currently unprofitable.


Return on Assets

ROA vs Industry: INR is currently unprofitable, so its Return on Assets is negative.


Return on Capital Employed

ROCE Improving: INR is currently unprofitable, so its Return on Capital Employed is negative.


Next Steps

Financial Health

How is ioneer's financial position?


Financial Position Analysis

Short Term Liabilities: INR's short term assets (A$48.9M) exceeds its short term liabilities (A$2.9M)

Long Term Liabilities: INR's short term assets (48.9M) do not cover its long term liabilities (-1,000.0)


Debt to Equity History and Analysis

Debt Level: INR is debt free.

Reducing Debt: INR had no debt 5 years ago.


Balance Sheet

Inventory Level: INR has a high level of physical assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if INR's debt is covered by short term assets.


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 sufficient cash runway for more than 3 years based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if INR has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Next Steps

Dividend

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


Dividend Yield vs Market

companyn/amarketbottom25%2.5%markettop25%5.6%industryaverage4.8%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

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

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

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

What is the CEO of ioneer's salary, the management and board of directors tenure and is there insider trading?

1.3yrs

Average management tenure


CEO

Bernard Rowe 0

12.2yrs

Tenure

AU$578,113

Compensation

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


CEO Compensation Analysis

Compensation vs. Market: Insufficient data to establish whether Bernard's total compensation is reasonable compared to companies of similar size in the Australian market.

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


Management Age and Tenure

1.3yrs

Average Tenure

Experienced Management: INR's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.


Board Age and Tenure

2.4yrs

Average Tenure

64yo

Average Age

Experienced Board: INR's board of directors are not considered experienced ( 2.4 years average tenure), which suggests a new board.


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

BuyAU$50,33701 Jul 19
Alan John Davies
EntityIndividual
Role
Member of the Board of Directors
Independent Non-Executive Director
Shares384,254
Max PriceAU$0.13
BuyAU$239,45622 Apr 19
John Hofmeister
EntityIndividual
Role
Member of the Board of Directors
Independent Non-Executive Director
Shares1,151,231
Max PriceAU$0.21
BuyAU$37,78707 Jan 19
Alan John Davies
EntityIndividual
Role
Member of the Board of Directors
Independent Non-Executive Director
Shares211,100
Max PriceAU$0.18
BuyAU$25,80025 Oct 18
Alan John Davies
EntityIndividual
Role
Member of the Board of Directors
Independent Non-Executive Director
Shares107,500
Max PriceAU$0.24

Ownership Breakdown


Management Team

  • Ian Bucknell (49yo)

    Company Secretary & CFO

    • Tenure: 0.9yrs
    • Compensation: AU$498.75k
  • Rohan Boman (50yo)

    Consultant

    • Tenure: 0yrs
  • Bernard Rowe

    MD & Director

    • Tenure: 12.2yrs
    • Compensation: AU$578.11k
  • I. Nelson

    Consultant

    • Tenure: 0yrs
  • J. Soldi

    Consultant

    • Tenure: 0yrs
  • C. Paz

    Consultant

    • Tenure: 0yrs
  • T. Erwin

    Consultant

    • Tenure: 0yrs
  • Matt Weaver

    Senior Vice President of Engineering & Operations

    • Tenure: 1.9yrs
    • Compensation: AU$635.76k
  • Nagai Yoshio

    Vice President Commercial Sales & Marketing

    • Tenure: 1.3yrs
  • Ken Coon

    Vice President Human Resources

    • Tenure: 0.3yrs

Board Members

  • James Calaway (61yo)

    Independent Non-Executive Chairman

    • Tenure: 2.3yrs
    • Compensation: AU$243.84k
  • Pat Dymock Elliott (67yo)

    Independent Non-Executive Director

    • Tenure: 16.5yrs
    • Compensation: AU$101.28k
  • John Hofmeister (71yo)

    Independent Non-Executive Director

    • Tenure: 2.4yrs
    • Compensation: AU$101.28k
  • Alan John Davies (48yo)

    Independent Non-Executive Director

    • Tenure: 2.4yrs
    • Compensation: AU$101.28k
  • Bernard Rowe

    MD & Director

    • Tenure: 12.2yrs
    • Compensation: AU$578.11k

Company Information

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


Key Information

  • Name: ioneer Ltd
  • Ticker: INR
  • Exchange: ASX
  • Founded:
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Market Cap: AU$243.372m
  • Shares outstanding: 1.47b
  • 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 produces 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 Analysis2019/10/16 10:34
End of Day Share Price2019/10/16 00:00
Earnings2019/06/30
Annual Earnings2019/06/30


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.