company background image
IXR

Ionic Rare EarthsASX:IXR Stock Report

Market Cap

AU$145.9m

7D

13.5%

1Y

223.1%

Updated

26 Oct, 2021

Data

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

IXR Overview

Ionic Rare Earths Limited operates as a mineral exploration company.

Price History & Performance

Summary of all time highs, changes and price drops for Ionic Rare Earths
Historical stock prices
Current Share PriceAU$0.042
52 Week HighAU$0.012
52 Week LowAU$0.065
Beta1.45
1 Month Change20.00%
3 Month Change50.00%
1 Year Change223.08%
3 Year Change833.33%
5 Year Change100.00%
Change since IPO-98.42%

Recent News & Updates

Oct 18
Ionic Rare Earths (ASX:IXR) Is In A Good Position To Deliver On Growth Plans

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...

Jul 01
We're Hopeful That Ionic Rare Earths (ASX:IXR) Will Use Its Cash Wisely

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...

Shareholder Returns

IXRAU Metals and MiningAU Market
7D13.5%-0.4%0.8%
1Y223.1%15.6%24.4%

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.

Price Volatility

Is IXR's price volatile compared to industry and market?
IXR volatility
IXR Beta1.45
Industry Beta0.97
Market Beta1

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

FoundedEmployeesCEOWebsite
1998n/aTim Harrisonhttps://ionicre.com.au

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

How do Ionic Rare Earths's earnings and revenue compare to its market cap?
IXR fundamental statistics
Market CapAU$145.87m
Earnings (TTM)-AU$2.38m
Revenue (TTM)AU$213.95k

700.0x

P/S Ratio

-60.0x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
IXR income statement (TTM)
RevenueAU$213.95k
Cost of RevenueAU$0
Gross ProfitAU$213.95k
ExpensesAU$2.59m
Earnings-AU$2.38m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.0007
Gross Margin100.00%
Net Profit Margin-1,111.31%
Debt/Equity Ratio0.0%

How did IXR perform over the long term?

See historical performance and comparison

Valuation

Is Ionic Rare Earths undervalued compared to its fair value and its price relative to the market?

8.06x

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).


Future Growth

How is Ionic Rare Earths forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

-0.5%

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.


Past Performance

How has Ionic Rare Earths performed over the past 5 years?

-9.4%

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.


Financial Health

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.


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: 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


Dividend

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.


Next Steps

Management

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

1.3yrs

Average management tenure


CEO

Tim Harrison

1.33yrs

Tenure

AU$590,520

Compensation

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.


Leadership Team

Experienced Management: IXR's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.


Board Members

Experienced Board: IXR's board of directors are not considered experienced ( 0.5 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.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 24.8%.


Top Shareholders

Company Information

Ionic Rare Earths Limited's employee growth, exchange listings and data sources


Key Information

  • 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

Location

  • Ionic Rare Earths Limited
  • 34 Colin Street
  • Level 1
  • West Perth
  • Western Australia
  • 6005
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/26 07:02
End of Day Share Price2021/10/26 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.