Ionic Rare Earths Limited operates as a mineral exploration company.
Price History & Performance
|Historical stock prices|
|Current Share Price||AU$0.042|
|52 Week High||AU$0.012|
|52 Week Low||AU$0.065|
|1 Month Change||20.00%|
|3 Month Change||50.00%|
|1 Year Change||223.08%|
|3 Year Change||833.33%|
|5 Year Change||100.00%|
|Change since IPO||-98.42%|
Recent News & Updates
Ionic Rare Earths (ASX:IXR) Is In A Good Position To Deliver On Growth Plans
We can readily understand why investors are attracted to unprofitable companies. For example, Ionic Rare Earths...
We're Hopeful That Ionic Rare Earths (ASX:IXR) Will Use Its Cash Wisely
Just because a business does not make any money, does not mean that the stock will go down. Indeed, Ionic Rare Earths...
|IXR||AU Metals and Mining||AU Market|
Return vs Industry: IXR exceeded the Australian Metals and Mining industry which returned 15.6% over the past year.
Return vs Market: IXR exceeded the Australian Market which returned 24.4% over the past year.
Stable Share Price: IXR is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 11% a week.
Volatility Over Time: IXR's weekly volatility (11%) has been stable over the past year.
About the Company
Ionic Rare Earths Limited operates as a mineral exploration company. Its flagship project is the Makuutu rare earths project that comprises five licenses covering an area of approximately 242 square kilometers located in the eastern Uganda. The company was incorporated in 1998 and is based in West Perth, Australia.
Ionic Rare Earths Fundamentals Summary
|IXR fundamental statistics|
Is IXR overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|IXR income statement (TTM)|
|Cost of Revenue||AU$0|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||-0.0007|
|Net Profit Margin||-1,111.31%|
How did IXR perform over the long term?See historical performance and comparison
Is Ionic Rare Earths undervalued compared to its fair value and its price relative to the market?
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate IXR's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate IXR's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: IXR is unprofitable, so we can't compare its PE Ratio to the Australian Metals and Mining industry average.
PE vs Market: IXR 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 IXR's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: IXR is overvalued based on its PB Ratio (8.1x) compared to the AU Metals and Mining industry average (2.6x).
How is Ionic Rare Earths forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
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 Ionic Rare Earths 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.
How has Ionic Rare Earths performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: IXR is currently unprofitable.
Growing Profit Margin: IXR is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: IXR is unprofitable, and losses have increased over the past 5 years at a rate of 9.4% per year.
Accelerating Growth: Unable to compare IXR's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: IXR 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: IXR has a negative Return on Equity (-13.44%), as it is currently unprofitable.
How is Ionic Rare Earths's financial position?
Financial Position Analysis
Short Term Liabilities: IXR's short term assets (A$11.1M) exceed its short term liabilities (A$394.7K).
Long Term Liabilities: IXR's short term assets (A$11.1M) exceed its long term liabilities (A$10.0).
Debt to Equity History and Analysis
Debt Level: IXR is debt free.
Reducing Debt: IXR had no debt 5 years ago.
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: IXR has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: IXR has sufficient cash runway for more than 3 years if free cash flow continues to reduce at historical rates of 19.5% each year
What is Ionic Rare Earths's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate IXR's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate IXR's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if IXR's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if IXR's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of IXR's dividend in 3 years as they are not forecast to pay a notable one for the Australian market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mr. Tim J. Harrison, B.Eng (Chem) Fellow AusIMM serves as Managing Director of Ionic Rare Earths Limited since December 16, 2020 and was Chief Executive Officer since June 26, 2020 and serves as its Direct...
CEO Compensation Analysis
Compensation vs Market: Tim's total compensation ($USD442.67K) is above average for companies of similar size in the Australian market ($USD301.38K).
Compensation vs Earnings: Insufficient data to compare Tim's compensation with company performance.
Experienced Management: IXR's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.
Experienced Board: IXR's board of directors are not considered experienced ( 0.5 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.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 24.8%.
Ionic Rare Earths Limited's employee growth, exchange listings and data sources
- Name: Ionic Rare Earths Limited
- Ticker: IXR
- Exchange: ASX
- Founded: 1998
- Industry: Gold
- Sector: Materials
- Market Cap: AU$145.873m
- Shares outstanding: 3.39b
- Website: https://ionicre.com.au
- Ionic Rare Earths Limited
- 34 Colin Street
- Level 1
- West Perth
- Western Australia
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/26 07:02|
|End of Day Share Price||2021/10/26 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.