IR1 Stock Overview
IRIS Metals Limited explores for and evaluates mining tenements in Australia.
IRIS Metals Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||AU$1.92|
|52 Week High||AU$2.39|
|52 Week Low||AU$0.21|
|1 Month Change||57.38%|
|3 Month Change||638.46%|
|1 Year Change||700.00%|
|3 Year Change||n/a|
|5 Year Change||n/a|
|Change since IPO||814.29%|
Recent News & Updates
|IR1||AU Metals and Mining||AU Market|
Return vs Industry: IR1 exceeded the Australian Metals and Mining industry which returned 8.6% over the past year.
Return vs Market: IR1 exceeded the Australian Market which returned -8% over the past year.
|IR1 Average Weekly Movement||16.6%|
|Metals and Mining Industry Average Movement||11.4%|
|Market Average Movement||9.4%|
|10% most volatile stocks in AU Market||16.5%|
|10% least volatile stocks in AU Market||4.2%|
Stable Share Price: IR1 is more volatile than 90% of Australian stocks over the past 3 months, typically moving +/- 17% a week.
Volatility Over Time: IR1's weekly volatility (17%) has been stable over the past year, but is still higher than 75% of Australian stocks.
About the Company
IRIS Metals Limited explores for and evaluates mining tenements in Australia. It holds an interest in the Kookynie project comprising 20 prospecting licenses, 2 exploration licenses, and 1 mining license with a total area of approximately 35.5 square kilometers located in the north of Kalgoorlie; and Leonora project comprising 41 prospecting licenses that covers a total area of approximately 71 square kilometers located in the northeast of the Leonora townsite. The company was incorporated in 2020 and is based in Melbourne, Australia.
IRIS Metals Fundamentals Summary
|IR1 fundamental statistics|
Is IR1 overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|IR1 income statement (TTM)|
|Cost of Revenue||AU$0|
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
|Earnings per share (EPS)||-0.033|
|Net Profit Margin||0.00%|
How did IR1 perform over the long term?See historical performance and comparison
Is IR1 undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 0/6
Price-To-Book vs Peers
Price-To-Book vs Industry
Price-To-Book vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for IR1?
Other financial metrics that can be useful for relative valuation.
|What is IR1's n/a Ratio?|
Price to Book Ratio vs Peers
How does IR1's PB Ratio compare to its peers?
|IR1 PB Ratio vs Peers|
|Company||PB||Estimated Growth||Market Cap|
TBR Tribune Resources
IXR Ionic Rare Earths
RSG Resolute Mining
CAI Calidus Resources
IR1 IRIS Metals
Price-To-Book vs Peers: IR1 is expensive based on its Price-To-Book Ratio (44.5x) compared to the peer average (1.8x).
Price to Earnings Ratio vs Industry
How does IR1's PE Ratio compare vs other companies in the AU Metals and Mining Industry?
Price-To-Book vs Industry: IR1 is expensive based on its Price-To-Book Ratio (44.5x) compared to the Australian Metals and Mining industry average (1.8x)
Price to Book Ratio vs Fair Ratio
What is IR1'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.
|Current PB Ratio||44.5x|
|Fair PB Ratio||n/a|
Price-To-Book vs Fair Ratio: Insufficient data to calculate IR1's Price-To-Book Fair Ratio for valuation analysis.
Share Price vs Fair Value
What is the Fair Price of IR1 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: Insufficient data to calculate IR1's fair value for valuation analysis.
Significantly Below Fair Value: Insufficient data to calculate IR1's fair value 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?
Analyst Forecast: Insufficient data to show price forecast.
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How is IRIS Metals forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Future Growth Score0/6
Future Growth Score 0/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
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 IRIS Metals 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.
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- Examine IRIS Metals's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
- IRIS Metals competitive advantages and company strategy can generally be found in its financial reports archived here.
How has IRIS Metals performed over the past 5 years?
Past Performance Score0/6
Past Performance Score 0/6
Growing Profit Margin
Earnings vs Industry
Last years earnings growth
Earnings and Revenue History
Quality Earnings: IR1 is currently unprofitable.
Growing Profit Margin: IR1 is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: Unable to establish if IR1's year-on-year earnings growth rate was positive over the past 5 years as it has been trading publicly for less than 3 years.
Accelerating Growth: Unable to compare IR1's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: IR1 is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (33.8%).
Return on Equity
High ROE: IR1 has a negative Return on Equity (-76.95%), as it is currently unprofitable.
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How is IRIS Metals's financial position?
Financial Health Score6/6
Financial Health Score 6/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: IR1's short term assets (A$4.4M) exceed its short term liabilities (A$199.2K).
Long Term Liabilities: IR1 has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: IR1 is debt free.
Reducing Debt: IR1 has not had any debt for past 5 years.
Debt Coverage: IR1 has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: IR1 has no debt, therefore coverage of interest payments is not a concern.
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What is IRIS Metals's current dividend yield, its reliability and sustainability?
Dividend Score 0/6
Cash Flow Coverage
Dividend Yield vs Market
|IRIS Metals Dividend Yield vs Market|
|Company (IRIS Metals)||n/a|
|Market Bottom 25% (AU)||2.8%|
|Market Top 25% (AU)||7.0%|
|Industry Average (Metals and Mining)||9.8%|
|Analyst forecast in 3 Years (IRIS Metals)||n/a|
Notable Dividend: Unable to evaluate IR1's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate IR1'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 IR1's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if IR1's dividend payments have been increasing.
Earnings Payout to Shareholders
Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: Unable to calculate sustainability of dividends as IR1 has not reported any payouts.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
IRIS Metals has no CEO, or we have no data on them.
Experienced Management: IR1's management team is not considered experienced ( 0.4 years average tenure), which suggests a new team.
Experienced Board: IR1's board of directors are not considered experienced ( 1.8 years average tenure), which suggests a new board.
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.
|Owner Type||Number of Shares||Ownership Percentage|
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 11.8%.
|Ownership||Name||Shares||Current Value||Change %||Portfolio %|
IRIS Metals Limited's employee growth, exchange listings and data sources
- Name: IRIS Metals Limited
- Ticker: IR1
- Exchange: ASX
- Founded: 2020
- Industry: Gold
- Sector: Materials
- Implied Market Cap: AU$188.329m
- Shares outstanding: 97.58m
- Website: https://www.irismetals.com
- IRIS Metals Limited
- 400 Collins Street
- Level 6
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|IR1||ASX (Australian Securities Exchange)||Yes||Ordinary Shares||AU||AUD||Sep 2021|
|IR1||CHIA (Chi-X Australia)||Yes||Ordinary Shares||AU||AUD||Sep 2021|
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/10/05 00:00|
|End of Day Share Price||2022/10/05 00:00|
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.