ASX:INR

Stock Analysis Report

Executive Summary

ioneer Ltd explores for mineral properties in North America.

Snowflake

Fundamentals

Flawless balance sheet with weak fundamentals.

Risks

  • ioneer's last earnings update was 199 days ago.
  • ioneer is not covered by any analysts.

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

6.3%

ASX:INR

0.8%

AU Metals and Mining

0.5%

AU Market


1 Year Return

-44.3%

ASX:INR

18.2%

AU Metals and Mining

6.3%

AU Market

INR underperformed the Metals and Mining industry which returned 18.2% over the past year.

INR underperformed the Market in Australia which returned 6.3% over the past year.


Share holder returns

INRIndustryMarket
7 Day6.3%0.8%0.5%
30 Day3.0%1.8%4.5%
90 Day13.3%-2.0%2.5%
1 Year-44.3%-44.3%26.4%18.2%12.4%6.3%
3 Year142.9%142.9%84.4%60.6%41.3%22.3%
5 Year1025.0%962.5%54.1%18.9%47.8%14.7%

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 based on future cash flows and its price relative to the stock market?

401.89x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Unable to calculate intrinsic value for ioneer to establish if it is available at moderate discount.

Unable to calculate intrinsic value for ioneer to establish if it is available at substantial discount.


Price Based on Earnings

ioneer is overvalued based on earnings compared to the AU Metals and Mining industry average.

ioneer is overvalued based on earnings compared to the Australia market.


Price Based on Expected Growth

Unable to calculate PEG ratio for ioneer, we can't assess if its growth is good value.


Price Based on Value of Assets

ioneer is overvalued based on assets compared to the AU Metals and Mining industry average.


Next Steps

Future Growth

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

3.3%

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?

-2.2%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

ioneer's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.

ioneer has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.

ioneer has become profitable in the last year making it difficult to compare the AU Metals and Mining industry average.


Return on Equity

ioneer has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

It is difficult to establish if ioneer has efficiently used its assets last year compared to the AU Metals and Mining industry average (Return on Assets) as it is loss-making.


Return on Capital Employed

It is difficult to establish if ioneer improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.


Next Steps

Financial Health

How is ioneer's financial position?


Financial Position Analysis

ioneer is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

ioneer has no long term commitments.


Debt to Equity History and Analysis

ioneer has no debt.

ioneer currently has no debt however we can't compare to 5 years ago as we have no data for that period.

ioneer has no debt, it does not need to be covered by operating cash flow.

ioneer has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet

High level of physical assets or inventory.

ioneer has no debt, it does not need to be covered by short term assets.


Next Steps

Dividend

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


Dividend Yield and Payments Analysis

Unable to evaluate ioneer's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.

Unable to evaluate ioneer's dividend against the top 25% market benchmark as the company has not reported any payouts.

Unable to perform a dividend volatility check as ioneer has not reported any payouts.

Unable to verify if ioneer's dividend has been increasing as the company has not reported any payouts.


Current Payout to Shareholders

Unable to calculate sustainability of dividends as ioneer has not reported any payouts.


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


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

0yrs

Tenure

AU$572,412

Compensation

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


CEO Compensation Analysis

Bernard's remuneration is about average for companies of similar size in Australia.

Bernard's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

1.3yrs

Average Tenure

The average tenure for the ioneer management team is less than 2 years, this suggests a new team.


Board Age and Tenure

2.3yrs

Average Tenure

64yo

Average Age

The average tenure for the ioneer board of directors is less than 3 years, this suggests a new board.


Insider Trading

More shares have been bought than sold by ioneer individual insiders in the past 3 months.


Recent Insider Transactions

BuyAU$50,33701 Jul 19
Alan John Davies
EntityIndividual
Role
Member of the Board of Directors
Non-Executive Director
Shares384,254
Max PriceAU$0.13
BuyAU$239,45622 Apr 19
John Hofmeister
EntityIndividual
Role
Member of the Board of Directors
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
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
Non-Executive Director
Shares107,500
Max PriceAU$0.24

Ownership Breakdown


Management Team

  • Ian Bucknell (49yo)

    Company Secretary & CFO

    • Tenure: 0.8yrs
  • Rohan Boman (50yo)

    Consultant

    • Tenure: 0yrs
  • Bernard Rowe

    MD & Director

    • Tenure: 0yrs
    • Compensation: AU$572.41k
  • 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: 1.8yrs
    • Compensation: AU$567.20k
  • Nagai Yoshio

    Sales & Business Development Director

    • Tenure: 1.3yrs

Board Members

  • James Calaway (61yo)

    Non-Executive Chairman

    • Tenure: 2.3yrs
    • Compensation: AU$226.27k
  • Pat Dymock Elliott (67yo)

    Non-Executive Director

    • Tenure: 16.4yrs
    • Compensation: AU$95.61k
  • John Hofmeister (71yo)

    Non-Executive Director

    • Tenure: 2.3yrs
    • Compensation: AU$66.15k
  • Alan John Davies (48yo)

    Non-Executive Director

    • Tenure: 2.3yrs
    • Compensation: AU$66.15k
  • Bernard Rowe

    MD & Director

    • Tenure: 0yrs
    • Compensation: AU$572.41k

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$242.547m
  • Shares outstanding: 1.47b
  • Website: https://www.ioneer.com

Location

  • ioneer Ltd
  • 140 Arthur Street
  • Suite 5.03, Level 5
  • North Sydney
  • New South Wales
  • 2060
  • Australia

Listings

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

Biography

ioneer Ltd explores for 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 formerly know ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/09/16 10:34
End of Day Share Price2019/09/16 00:00
Earnings2018/12/31
Annual Earnings2018/06/30


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.