How does IXR's PS Ratio compare to its peers?

IXR is good value based on its Price-To-Sales Ratio (15.4x) compared to the peer average (18x).

How does IXR's PS Ratio compare vs other companies in the AU Metals and Mining Industry?

IXR is good value based on its Price-To-Sales Ratio (15.4x) compared to the Australian Metals and Mining industry average (61.1x).

What is IXR's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

IXR is good value based on its Price-To-Sales Ratio (15.4x) compared to the estimated Fair Price-To-Sales Ratio (86.2x).

What is the Fair Price of IXR when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

IXR (A$0.01) is trading below our estimate of [[fair value]] (A$0.57)

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Target price is more than 20% higher than the current share price, but there are not enough analysts covering the stock to determine [[statistical confidence]] in agreement.

Ionic Rare Earths (CHIA:IXR) - Stock Price, News & Analysis

IXR Stock Overview

Engages in the mining, refining, and recycling of magnet and heavy rare earth elements in Australia, Uganda, and United Kingdom. More details

IXR fundamental analysis
Snowflake Score
Valuation	5/6
Future Growth	3/6
Past Performance	0/6
Financial Health	6/6
Dividends	0/6

Rewards

Trading at 98.8% below our estimate of its fair value

Earnings are forecast to grow 130.96% per year

Trading at good value compared to peers and industry

Risk Analysis

Shareholders have been diluted in the past year

Does not have meaningful revenue (A$2M)

Does not have a meaningful market cap (A$34M)

Volatile share price over the past 3 months compared to the Australian market

Ionic Rare Earths Limited Competitors

Nexus Minerals

ASX:NXM

AU$29.2m

Alliance Nickel

ASX:AXN

AU$30.5m

Focus Minerals

ASX:FML

AU$51.6m

Metals Australia

ASX:MLS

AU$18.2m

Price History & Performance

Summary of all time highs, changes and price drops for Ionic Rare Earths
Historical stock prices
Current Share Price	AU$0.007
52 Week High	AU$0.029
52 Week Low	AU$0.005
Beta	0.83
11 Month Change	-22.22%
3 Month Change	7.69%
1 Year Change	-65.00%
33 Year Change	-83.91%
5 Year Change	-12.50%
Change since IPO	16.67%

Recent updates

Shareholder Returns

	IXR	AU Metals and Mining	AU Market
7D	-12.5%	0.2%	1.5%
1Y	-65.0%	-10.8%	17.9%

Return vs Industry: IXR underperformed the Australian Metals and Mining industry which returned -10.7% over the past year.

Return vs Market: IXR underperformed the Australian Market which returned 18.1% over the past year.

Price Volatility

Is IXR's price volatile compared to industry and market?
IXR volatility
IXR Average Weekly Movement	17.0%
Metals and Mining Industry Average Movement	10.9%
Market Average Movement	8.5%
10% most volatile stocks in AU Market	17.3%
10% least volatile stocks in AU Market	3.2%

Stable Share Price: IXR's share price has been volatile over the past 3 months compared to the Australian market.

Volatility Over Time: IXR's weekly volatility (17%) has been stable over the past year, but is still higher than 75% of Australian stocks.

About the Company

Founded	Employees	CEO	Website
1998	34	Tim Harrison	ionicre.com.au

Ionic Rare Earths Limited engages in the mining, refining, and recycling of magnet and heavy rare earth elements in Australia, Uganda, and United Kingdom. Its flagship project is the Makuutu rare earths project that comprises six licenses covering an area of approximately 300 square kilometers located in Uganda. The company refines and recycles magnet and heavy rare earth elements for energy transition, manufacturing, and defense sectors.

Ionic Rare Earths Limited Fundamentals Summary

How do Ionic Rare Earths's earnings and revenue compare to its market cap?
IXR fundamental statistics
Market cap	AU$34.09m
Earnings (TTM)	-AU$21.20m
Revenue (TTM)	AU$2.21m

15.4x

P/S Ratio

-1.6x

P/E Ratio

Is IXR overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
IXR income statement (TTM)
Revenue	AU$2.21m
Cost of Revenue	AU$0
Gross Profit	AU$2.21m
Other Expenses	AU$23.41m
Earnings	-AU$21.20m

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	-0.0044
Gross Margin	100.00%
Net Profit Margin	-960.82%
Debt/Equity Ratio	0%

How did IXR perform over the long term?

See historical performance and comparison

IXR Stock Overview

Rewards

Risk Analysis

Ionic Rare Earths Limited Competitors

ASX:NXM

AU$29.2m

ASX:AXN

AU$30.5m

ASX:FML

AU$51.6m

ASX:MLS

AU$18.2m

Price History & Performance

Recent News & Updates

Ionic Rare Earths Limited has filed a Follow-on Equity Offering in the amount of AUD 0.5 million.

Ionic Rare Earths Limited, Annual General Meeting, Nov 27, 2024

New minor risk - Financial data availability

New minor risk - Share price stability

Ionic Rare Earths Limited has completed a Follow-on Equity Offering in the amount of AUD 5.5 million.

Ionic Rare Earths Limited has filed a Follow-on Equity Offering in the amount of AUD 5.5 million.

Recent updates

Ionic Rare Earths Limited has filed a Follow-on Equity Offering in the amount of AUD 0.5 million.

Ionic Rare Earths Limited, Annual General Meeting, Nov 27, 2024

New minor risk - Financial data availability

New minor risk - Share price stability

Ionic Rare Earths Limited has completed a Follow-on Equity Offering in the amount of AUD 5.5 million.

Ionic Rare Earths Limited has filed a Follow-on Equity Offering in the amount of AUD 5.5 million.

Ionic Rare Earths Limited has filed a Follow-on Equity Offering in the amount of AUD 0.4 million.

Ionic Rare Earths Limited, Annual General Meeting, Mar 13, 2024

Ionic Rare Earths Limited has completed a Follow-on Equity Offering.

Ionic Rare Earths Limited (ASX:IXR) entered into a share purchase agreement to acquire 34% stake in Makuutu Rare Earth Project from Rwenzori Rare Metals Limited.

Forecast to breakeven in 2026

Ionic Rare Earths Limited has filed a Follow-on Equity Offering in the amount of AUD 5.9 million.

New major risk - Share price stability

Ionic Rare Earths Limited, Annual General Meeting, Nov 28, 2023

No longer forecast to breakeven

New minor risk - Shareholder dilution

New major risk - Financial position

Ionic Rare Earths Limited Announces Board Changes

New major risk - Revenue and earnings growth

Ionic Rare Earths Limited Appoints Tommie Van Der Walt as Chief Operating Officer

High number of new and inexperienced directors

Ionic Rare Earths Limited Appoints Sufian Ahmad as A Non-Executive Director

Ionic Rare Earths Limited Provides Update on U.S. Downstream Strategy

Ionic Rare Earths Limited Provides Ionic Technologies International Ltd Project Update

High number of new and inexperienced directors

Forecast to breakeven in 2025

Ionic Rare Earths Limited, Annual General Meeting, Nov 11, 2022

Ionic Rare Earths Limited Provides Makuutu Rare Earth Project Update

Ionic Rare Earths Limited Announces the Updated Exploration Target and the Associated Planning of the Phase 5 Exploration Program At Its 51% Owned Makuutu Rare Earths Project

High number of new and inexperienced directors

Ionic Rare Earths Limited Announces the Receipt of Assays for Tranche Three of the 8,220 Metre Phase 4 Drill Program Completed in October At the Makuutu Rare Earths Project in Uganda

Ionic Rare Earths Limited Provides High Grade Infill Drill Results from Makuutu

Ionic Rare Earths Limited Reports Phase 3 Drilling Results At Makuutu Rare Earths Project

Ionic Rare Earths Limited Advises the Receipt of Assays from the Phase 3 Rotary Air Blast Exploration Drill Program At Its 51% Owned Makuutu Rare Earths Project in Uganda

Ionic Rare Earths Limited to Provide an Update on the Progress on the Phase 4 Drilling Program for its 51% Owned Makuutu Rare Earths Project

Ionic Rare Earths Limited Updates Phase 4 Drill Program Commenced At Makuutu

Ionic Rare Earths Limited Announces Phase 3 Exploration Program to Commence at Makuutu

Ionic Rare Earths Limited Announces Mineral Resource Estimate Increased Threefold at Makuutu

Ionic Rare Earths Limited Announces Makuutu Rare Earths Extension and Infill Drill Results

Ionic Rare Earths Limited Updates on Makuutu Retention Licence

Ionic Rare Earths Limited Announces Tranche 5 Drilling Results Confirm Mineralisation in Makuutu Western Zone

Ionic Rare Earths Limited Announces Appointment of Tim Harrison as Managing Director

Ionic Rare Earths Limited Announces Licence Renewal and Extension Applications Approved

Ionic Rare Earths Limited Provides an Update on the Receipt of Drill Assays from the Recently Completed Phase 2 Drill Program at its 51% Owned Makuutu Rare Earths Project in Uganda

Ionic Rare Earths Limited Provides an Update on the Progress of the Phase 2 Drill Program At the Makuutu Rare Earths Project in Uganda

Shareholder Returns

Price Volatility

About the Company

Ionic Rare Earths Limited Fundamentals Summary

15.4x

-1.6x

Earnings & Revenue