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IRD

Iron RoadASX:IRD Stock Report

Market Cap

AU$162.9m

7D

-6.8%

1Y

20.6%

Updated

16 Oct, 2021

Data

Company Financials
IRD fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance0/6
Financial Health6/6
Dividends0/6

IRD Overview

Iron Road Limited explores for and evaluates iron ore properties in Australia.

Iron Road Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Iron Road
Historical stock prices
Current Share PriceAU$0.20
52 Week HighAU$0.13
52 Week LowAU$0.40
Beta1.28
1 Month Change-2.38%
3 Month Change-25.46%
1 Year Change20.59%
3 Year Change192.86%
5 Year Change57.69%
Change since IPO-28.07%

Recent News & Updates

Shareholder Returns

IRDAU Metals and MiningAU Market
7D-6.8%4.3%0.9%
1Y20.6%12.2%20.2%

Return vs Industry: IRD exceeded the Australian Metals and Mining industry which returned 12.2% over the past year.

Return vs Market: IRD matched the Australian Market which returned 20.2% over the past year.

Price Volatility

Is IRD's price volatile compared to industry and market?
IRD volatility
IRD Beta1.28
Industry Beta0.97
Market Beta1

Stable Share Price: IRD is more volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 13% a week.

Volatility Over Time: IRD's weekly volatility (13%) has been stable over the past year, but is still higher than 75% of Australian stocks.

About the Company

FoundedEmployeesCEOWebsite
2007n/aLarry Inglehttps://www.ironroadlimited.com.au

Iron Road Limited explores for and evaluates iron ore properties in Australia. It owns 100% interest in the Central Eyre iron project located on the Eyre Peninsula of South Australia; and 90% interest in the Gawler iron project located in South Australia. The company was incorporated in 2007 and is based in Adelaide, Australia.

Iron Road Fundamentals Summary

How do Iron Road's earnings and revenue compare to its market cap?
IRD fundamental statistics
Market CapAU$162.89m
Earnings (TTM)-AU$5.44m
Revenue (TTM)AU$50.27k

3.4kx

P/S Ratio

-30.0x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
IRD income statement (TTM)
RevenueAU$50.27k
Cost of RevenueAU$0
Gross ProfitAU$50.27k
ExpensesAU$5.49m
Earnings-AU$5.44m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.0068
Gross Margin100.00%
Net Profit Margin-10,813.88%
Debt/Equity Ratio0.3%

How did IRD perform over the long term?

See historical performance and comparison

Valuation

Is Iron Road undervalued compared to its fair value and its price relative to the market?

1.2x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate IRD's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate IRD's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: IRD is unprofitable, so we can't compare its PE Ratio to the Australian Metals and Mining industry average.

PE vs Market: IRD is unprofitable, so we can't compare its PE Ratio to the Australian market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate IRD's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: IRD is good value based on its PB Ratio (1.2x) compared to the AU Metals and Mining industry average (2.5x).


Future Growth

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

-0.2%

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 Iron Road 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.


Past Performance

How has Iron Road performed over the past 5 years?

15.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: IRD is currently unprofitable.

Growing Profit Margin: IRD is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: IRD is unprofitable, but has reduced losses over the past 5 years at a rate of 15.1% per year.

Accelerating Growth: Unable to compare IRD's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: IRD is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (35.3%).


Return on Equity

High ROE: IRD has a negative Return on Equity (-4%), as it is currently unprofitable.


Financial Health

How is Iron Road's financial position?


Financial Position Analysis

Short Term Liabilities: IRD's short term assets (A$4.9M) exceed its short term liabilities (A$1.5M).

Long Term Liabilities: IRD's short term assets (A$4.9M) exceed its long term liabilities (A$1.1K).


Debt to Equity History and Analysis

Debt Level: IRD's debt to equity ratio (0.3%) is considered satisfactory.

Reducing Debt: IRD's debt to equity ratio has reduced from 3.2% to 0.3% over the past 5 years.


Balance Sheet


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: IRD has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: IRD has sufficient cash runway for 1.8 years if free cash flow continues to grow at historical rates of 33.9% each year.


Dividend

What is Iron Road current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

High Dividend: Unable to evaluate IRD'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 IRD's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if IRD'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 IRD's dividend in 3 years as they are not forecast to pay a notable one for the Australian market.


Next Steps

Management

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

1.9yrs

Average management tenure


CEO

Larry Ingle

1.92yrs

Tenure

AU$577,597

Compensation

Mr. Larry J. Ingle, BSc (Hons) MSc, MBA, MAusIMM, has been the Chief Executive Officer of Iron Road Limited since November 22, 2019 and served as its General Manager from July 1, 2009 to November 22, 2019....


CEO Compensation Analysis

Compensation vs Market: Larry's total compensation ($USD428.71K) is above average for companies of similar size in the Australian market ($USD302.45K).

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


Leadership Team

Experienced Management: IRD's management team is not considered experienced ( 1.9 years average tenure), which suggests a new team.


Board Members

Experienced Board: IRD's board of directors are considered experienced (9.9 years average tenure).


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.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 14.5%.


Top Shareholders

Company Information

Iron Road Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Iron Road Limited
  • Ticker: IRD
  • Exchange: ASX
  • Founded: 2007
  • Industry: Steel
  • Sector: Materials
  • Market Cap: AU$162.891m
  • Shares outstanding: 794.59m
  • Website: https://www.ironroadlimited.com.au

Location

  • Iron Road Limited
  • 63 Pirie Street
  • Level 3
  • Adelaide
  • South Australia
  • 5000
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/16 07:03
End of Day Share Price2021/10/15 00:00
Earnings2021/06/30
Annual Earnings2021/06/30


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.