Ivanhoe Electric Valuation

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

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Book vs Peers

  • Price-To-Book vs Industry

  • Price-To-Book vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

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

Below Fair Value: Insufficient data to calculate IE's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate IE's fair value for valuation analysis.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for IE?

Key metric: As IE barely has revenue we use its Price-To-Book Ratio for relative valuation analysis.

The above table shows the Price to Book ratio for IE. This is calculated by dividing IE's market cap by their current book value.
What is IE's PB Ratio?
PB Ratio4.6x
BookUS$250.07m
Market CapUS$1.14b

Price to Book Ratio vs Peers

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

The above table shows the PB ratio for IE vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PBEstimated GrowthMarket Cap
Peer Average16x
FOM Foran Mining
2.2x64.2%CA$1.8b
AFM Alphamin Resources
3.1xn/aCA$1.5b
ALS Altius Minerals
2.5x9.0%CA$1.2b
NGEX NGEx Minerals
56.4x-1.2%CA$2.7b
IE Ivanhoe Electric
4.6x7.1%CA$1.1b

Price-To-Book vs Peers: IE is good value based on its Price-To-Book Ratio (4.6x) compared to the peer average (16x).


Price to Book Ratio vs Industry

How does IE's PB Ratio compare vs other companies in the CA Metals and Mining Industry?

90 CompaniesPrice / BookEstimated GrowthMarket Cap
S Sherritt International
0.1xn/aUS$49.74m
WM Wallbridge Mining
0.2xn/aUS$46.71m
NCU Nevada Copper
0.1xn/aUS$31.56m
ELR Eastern Platinum
0.3xn/aUS$24.61m
IE 4.6xIndustry Avg. 1.4xNo. of Companies158PB01.22.43.64.86+
90 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Book vs Industry: IE is expensive based on its Price-To-Book Ratio (4.6x) compared to the Canadian Metals and Mining industry average (1.4x).


Price to Book Ratio vs Fair Ratio

What is IE'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.

IE PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio4.6x
Fair PB Ration/a

Price-To-Book vs Fair Ratio: Insufficient data to calculate IE's Price-To-Book Fair Ratio 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?

The above table shows the analyst IE forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCA$13.50
CA$23.82
+76.5%
11.8%CA$28.03CA$19.62n/a6
Nov ’25CA$14.44
CA$23.50
+62.7%
11.8%CA$27.64CA$19.35n/a6
Oct ’25CA$11.39
CA$22.90
+101.1%
11.8%CA$26.94CA$18.86n/a6
Sep ’25CA$9.56
CA$22.91
+139.6%
12.7%CA$27.27CA$19.09n/a5
Aug ’25CA$12.92
CA$23.16
+79.2%
11.9%CA$27.40CA$19.87n/a5
Jul ’25CA$12.74
CA$23.16
+81.8%
11.9%CA$27.40CA$19.87n/a5
Jun ’25CA$15.46
CA$23.16
+49.8%
11.9%CA$27.40CA$19.87n/a5
May ’25CA$13.92
CA$23.16
+66.4%
11.9%CA$27.40CA$19.87n/a5
Apr ’25CA$13.38
CA$22.94
+71.5%
10.3%CA$27.15CA$20.36n/a5
Mar ’25CA$10.36
CA$22.87
+120.7%
10.3%CA$27.06CA$20.30n/a5
Feb ’25CA$11.91
CA$22.97
+92.8%
10.5%CA$26.86CA$20.15n/a5
Jan ’25CA$13.41
CA$23.34
+74.0%
10.0%CA$27.14CA$20.35n/a5
Dec ’24CA$15.35
CA$23.34
+52.0%
10.0%CA$27.14CA$20.35n/a5
Nov ’24CA$14.15
CA$24.83
+75.5%
5.4%CA$27.29CA$23.19CA$14.445
Oct ’24CA$16.12
CA$24.56
+52.4%
6.0%CA$26.92CA$22.88CA$11.394
Sep ’24CA$21.78
CA$23.62
+8.5%
6.4%CA$25.65CA$21.60CA$9.564
Aug ’24CA$21.51
CA$23.44
+9.0%
7.4%CA$25.63CA$20.91CA$12.924
Jul ’24CA$17.22
CA$23.44
+36.1%
7.4%CA$25.63CA$20.91CA$12.744
Jun ’24CA$17.47
CA$23.44
+34.2%
7.4%CA$25.63CA$20.91CA$15.464
May ’24CA$16.41
CA$22.94
+39.8%
8.4%CA$25.45CA$20.76CA$13.924
Apr ’24CA$16.42
CA$23.10
+40.7%
7.5%CA$25.44CA$21.43CA$13.384
Mar ’24CA$21.06
CA$23.10
+9.7%
7.5%CA$25.44CA$21.43CA$10.364
Feb ’24CA$17.66
CA$20.59
+16.6%
10.1%CA$24.10CA$18.74CA$11.914
Jan ’24CA$16.36
CA$18.58
+13.6%
7.9%CA$20.46CA$16.37CA$13.414
Dec ’23CA$13.91
CA$18.74
+34.7%
9.1%CA$20.82CA$16.66CA$15.353
Nov ’23CA$14.16
CA$18.74
+32.4%
9.1%CA$20.82CA$16.66CA$14.153

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.


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