IperionX Valuation
Is IPX undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
2/6Valuation Score 2/6
Below Fair Value
Significantly Below Fair Value
Price-To-Book vs Peers
Price-To-Book vs Industry
Price-To-Book vs Fair Ratio
Analyst Forecast
Share Price vs Fair Value
What is the Fair Price of IPX when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: IPX (A$4.2) is trading below our estimate of fair value (A$47.43)
Significantly Below Fair Value: IPX is trading below fair value by more than 20%.
Key Valuation Metric
Which metric is best to use when looking at relative valuation for IPX?
Key metric: As IPX is unprofitable and pre-revenue we use its Price-To-Book Ratio for relative valuation analysis.
| What is IPX's PB Ratio? | |
|---|---|
| PB Ratio | 15.7x |
| Book | US$51.34m |
| Market Cap | US$774.12m |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | n/a |
| Enterprise Value/EBITDA | -33x |
| PEG Ratio | n/a |
Price to Book Ratio vs Peers
How does IPX's PB Ratio compare to its peers?
| Company | Forward PB | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 1.6x | ||
ZIM Zimplats Holdings | 0.6x | n/a | AU$1.6b |
NWF Newfield Resources | n/a | 72.1% | AU$83.7m |
SPD Southern Palladium | 2.5x | n/a | AU$62.8m |
MKR Manuka Resources | 1.7x | n/a | AU$29.6m |
IPX IperionX | 15.7x | 67.8% | AU$1.2b |
Price-To-Book vs Peers: IPX is expensive based on its Price-To-Book Ratio (15.7x) compared to the peer average (-0.6x).
Price to Book Ratio vs Industry
How does IPX's PB Ratio compare vs other companies in the AU Metals and Mining Industry?
Price-To-Book vs Industry: IPX is expensive based on its Price-To-Book Ratio (15.7x) compared to the Australian Metals and Mining industry average (1.2x).
Price to Book Ratio vs Fair Ratio
What is IPX's PB Ratio compared to its Fair PB Ratio? This is the expected PB Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
| Fair Ratio | |
|---|---|
| Current PB Ratio | 15.7x |
| Fair PB Ratio | n/a |
Price-To-Book vs Fair Ratio: Insufficient data to calculate IPX's Price-To-Book Fair Ratio for valuation analysis.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
| Date | Share Price | Average 1Y Price Target | Dispersion | High | Low | 1Y Actual price | Analysts |
|---|---|---|---|---|---|---|---|
| Current | AU$4.20 | AU$5.02 +19.6% | 4.3% | AU$5.24 | AU$4.81 | n/a | 2 |
| Nov ’25 | AU$3.40 | AU$4.34 +27.8% | 7.2% | AU$4.66 | AU$4.03 | n/a | 2 |
| Oct ’25 | AU$3.25 | AU$3.71 +14.1% | 6.7% | AU$3.96 | AU$3.46 | n/a | 2 |
| Sep ’25 | AU$2.72 | AU$3.72 +36.7% | 3.2% | AU$3.83 | AU$3.60 | n/a | 2 |
| Aug ’25 | AU$2.36 | AU$3.76 +59.3% | 2.4% | AU$3.85 | AU$3.67 | n/a | 2 |
| Jul ’25 | AU$2.18 | AU$3.73 +71.1% | 3.2% | AU$3.85 | AU$3.61 | n/a | 2 |
| Jun ’25 | AU$2.42 | AU$3.73 +54.2% | 3.2% | AU$3.85 | AU$3.61 | n/a | 2 |
| May ’25 | AU$2.13 | AU$3.66 +71.7% | 1.2% | AU$3.70 | AU$3.61 | n/a | 2 |
| Apr ’25 | AU$2.25 | AU$3.66 +62.5% | 1.2% | AU$3.70 | AU$3.61 | n/a | 2 |
Analyst Forecast: Target price is less than 20% higher than the current share price.
Discover undervalued companies
Incitec Pivot
AU$5.9b
Manufactures and distributes industrial explosives, industrial chemicals, and fertilizers in Australia and the United State.
IPL
AU$3.15
7D
4.8%
1Y
10.2%
Capral
AU$160.0m
Manufactures, markets, and distributes fabricated and semi-fabricated aluminum related products in Australia.
CAA
AU$9.19
7D
-2.9%
1Y
5.1%
Nufarm
AU$1.6b
Develops, manufactures, and sells crop protection solutions and seed technologies in Europe, the Middle East, Africa, North America, and the Asia Pacific.
NUF
AU$4.07
7D
4.9%
1Y
-11.5%