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IR1

IRIS Metals ASX:IR1 Stock Report

Last Price

AU$1.92

Market Cap

AU$188.3m

7D

6.1%

1Y

700.0%

Updated

05 Oct, 2022

Data

Company Financials
IR1 fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance0/6
Financial Health6/6
Dividends0/6

IR1 Stock Overview

IRIS Metals Limited explores for and evaluates mining tenements in Australia.

IRIS Metals Competitors

Price History & Performance

Summary of all time highs, changes and price drops for IRIS Metals
Historical stock prices
Current Share PriceAU$1.92
52 Week HighAU$2.39
52 Week LowAU$0.21
Beta0
1 Month Change57.38%
3 Month Change638.46%
1 Year Change700.00%
3 Year Changen/a
5 Year Changen/a
Change since IPO814.29%

Recent News & Updates

Shareholder Returns

IR1AU Metals and MiningAU Market
7D6.1%7.0%3.6%
1Y700.0%8.6%-8.0%

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.

Price Volatility

Is IR1's price volatile compared to industry and market?
IR1 volatility
IR1 Average Weekly Movement16.6%
Metals and Mining Industry Average Movement11.4%
Market Average Movement9.4%
10% most volatile stocks in AU Market16.5%
10% least volatile stocks in AU Market4.2%

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

FoundedEmployeesCEOWebsite
2020n/an/ahttps://www.irismetals.com

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

How do IRIS Metals's earnings and revenue compare to its market cap?
IR1 fundamental statistics
Market CapAU$188.33m
Earnings (TTM)-AU$3.24m
Revenue (TTM)n/a

0.0x

P/S Ratio

-57.9x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
IR1 income statement (TTM)
RevenueAU$0
Cost of RevenueAU$0
Gross ProfitAU$0
Other ExpensesAU$3.24m
Earnings-AU$3.24m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)-0.033
Gross Margin0.00%
Net Profit Margin0.00%
Debt/Equity Ratio0.0%

How did IR1 perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is IR1 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

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

  • Analyst Forecast

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.

IR1 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenuen/a
Enterprise Value/EBITDA-66.6x
PEG Ration/a

Price to Book Ratio vs Peers

How does IR1's PB Ratio compare to its peers?

IR1 PB Ratio vs Peers
The above table shows the PB ratio for IR1 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPBEstimated GrowthMarket Cap
Peer Average1.8x
TBR Tribune Resources
0.7xn/aAU$186.3m
IXR Ionic Rare Earths
3.6x87.6%AU$178.1m
RSG Resolute Mining
0.4x95.5%AU$248.4m
CAI Calidus Resources
2.4x81.4%AU$245.2m
IR1 IRIS Metals
44.5xn/aAU$188.3m

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.

IR1 PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio44.5x
Fair PB Ration/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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Future Growth

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

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


-5.1%

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.


Discover growth companies

  • 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.

Past Performance

How has IRIS Metals performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


55.0%

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.


Discover strong past performing companies

Financial Health

How is IRIS Metals's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

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.


Balance Sheet


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Dividend

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

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage

Dividend Yield vs Market

IRIS Metals Dividend Yield vs Market
How does IRIS Metals dividend yield compare to the market?
SegmentDividend Yield
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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Management

How experienced are the management team and are they aligned to shareholders interests?

0.4yrs

Average management tenure


CEO

IRIS Metals has no CEO, or we have no data on them.


Leadership Team

Experienced Management: IR1's management team is not considered experienced ( 0.4 years average tenure), which suggests a new team.


Board Members

Experienced Board: IR1's board of directors are not considered experienced ( 1.8 years average tenure), which suggests a new board.


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.


Ownership Breakdown

What is the ownership structure of IR1?
Owner TypeNumber of SharesOwnership Percentage
Institutions2,850,0002.9%
General Public15,004,34015.4%
Private Companies18,408,99318.9%
Individual Insiders61,316,66762.8%

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 11.8%.


Top Shareholders

Top 25 shareholders own 72.28% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
30.74%
Tal Paneth
30,000,000A$57.6m0%no data
5.12%
Levi Mochkin
5,000,000A$9.6m0%no data
4.36%
Simon Lill
4,250,000A$8.2m0%no data
4.1%
Cody Schad
4,000,000A$7.7m0%no data
3.6%
Hardwood Holdings Pty Ltd
3,513,290A$6.7m251.33%no data
2.56%
Peter Marks
2,500,000A$4.8m0%no data
2.31%
Ross Crew
2,251,300A$4.3m-3.17%no data
2.05%
Galleon Capital Pty Ltd
2,000,000A$3.8m300%no data
1.54%
Bori Liberman Trust
1,500,000A$2.9m0%no data
1.38%
Vincent Corp Pty Ltd
1,350,000A$2.6m0%no data
1.33%
Netwealth Investments Ltd.
1,300,000A$2.5m0%0.04%
1.23%
Sangreal Investments Pty Ltd
1,200,000A$2.3m60%no data
1.06%
Transact Capital Pty Ltd
1,030,004A$2.0m0%no data
1.04%
Justin Mcnicol
1,014,004A$1.9m0%no data
1.02%
Second Chance Holdings Pty Ltd
1,000,000A$1.9m0%no data
1.02%
Peter Karas
1,000,000A$1.9m0%no data
1.02%
Dominic Virgara
1,000,000A$1.9m0%no data
1.02%
Lead Nation Holdings Limited
1,000,000A$1.9m0%no data
0.94%
Jason Peterson
919,363A$1.8m41.44%no data
0.88%
Blue Boat Group Limited
855,699A$1.6m0%no data
0.82%
Asenna Wealth Solutions Pty Ltd, Asset Management Arm
800,000A$1.5m0%69.31%
0.82%
Narradong Pty Ltd
800,000A$1.5m113.33%no data
0.77%
Antanas Guoga
750,000A$1.4m0%no data
0.77%
Parkway Trading Pty Ltd
750,000A$1.4m0%no data
0.77%
Michael Lynch
750,000A$1.4m0%no data

Company Information

IRIS Metals Limited's employee growth, exchange listings and data sources


Key Information

  • 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

Location

  • IRIS Metals Limited
  • 400 Collins Street
  • Level 6
  • Melbourne
  • Victoria
  • 3000
  • Australia


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
IR1ASX (Australian Securities Exchange)YesOrdinary SharesAUAUDSep 2021
IR1CHIA (Chi-X Australia)YesOrdinary SharesAUAUDSep 2021

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/10/05 00:00
End of Day Share Price2022/10/05 00:00
Earnings2022/03/31
Annual Earnings2022/03/31


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.