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Imperial Metals TSX:III Stock Report

Last Price


Market Cap







28 Jun, 2022


Company Financials
III fundamental analysis
Snowflake Score
Future Growth0/6
Past Performance0/6
Financial Health2/6

III Stock Overview

Imperial Metals Corporation, a mining company, engages in the acquisition, exploration, development, mining, and production of base and precious metals in Canada.

Imperial Metals Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Imperial Metals
Historical stock prices
Current Share PriceCA$3.00
52 Week HighCA$4.75
52 Week LowCA$2.77
1 Month Change-9.09%
3 Month Change-21.47%
1 Year Change-34.92%
3 Year Change20.48%
5 Year Change-34.07%
Change since IPO252.94%

Recent News & Updates

Shareholder Returns

IIICA Metals and MiningCA Market

Return vs Industry: III underperformed the Canadian Metals and Mining industry which returned -10.5% over the past year.

Return vs Market: III underperformed the Canadian Market which returned -2.6% over the past year.

Price Volatility

Is III's price volatile compared to industry and market?
III volatility
III Average Weekly Movement5.8%
Metals and Mining Industry Average Movement11.0%
Market Average Movement10.1%
10% most volatile stocks in CA Market17.3%
10% least volatile stocks in CA Market4.4%

Stable Share Price: III is less volatile than 75% of Canadian stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: III's weekly volatility (6%) has been stable over the past year.

About the Company

1959n/aJ. Kynoch

Imperial Metals Corporation, a mining company, engages in the acquisition, exploration, development, mining, and production of base and precious metals in Canada. It holds 100% interests in the Mount Polley copper-gold mine that includes seven mining leases and 50 mineral claims covering an area of 23,369 hectares located in south-central British Columbia; and the Huckleberry copper mine, which comprises two mining leases and 49 mineral claims covering an area of 25,767 hectares situated in west-central British Columbia. The company also holds a 30% interest in the Red Chris copper-gold mine located in northwest British Columbia.

Imperial Metals Fundamentals Summary

How do Imperial Metals's earnings and revenue compare to its market cap?
III fundamental statistics
Market CapCA$464.61m
Earnings (TTM)-CA$30.45m
Revenue (TTM)CA$133.67m


P/S Ratio


P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
III income statement (TTM)
Cost of RevenueCA$153.05m
Gross Profit-CA$19.38m
Other ExpensesCA$11.07m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date


Earnings per share (EPS)-0.20
Gross Margin-14.50%
Net Profit Margin-22.78%
Debt/Equity Ratio7.5%

How did III perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.


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

Valuation Score


Valuation Score 0/6

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

III key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue3.8x
Enterprise Value/EBITDA-245.6x
PEG Ration/a

Price to Sales Ratio vs Peers

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

III PS Ratio vs Peers
The above table shows the PS ratio for III vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPSEstimated GrowthMarket Cap
Peer Average1.4x
CMMC Copper Mountain Mining
TKO Taseko Mines
ERO Ero Copper
CS Capstone Copper
III Imperial Metals

Price-To-Sales vs Peers: III is expensive based on its Price-To-Sales Ratio (3.5x) compared to the peer average (1.4x).

Price to Earnings Ratio vs Industry

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

Price-To-Sales vs Industry: III is expensive based on its Price-To-Sales Ratio (3.5x) compared to the Canadian Metals and Mining industry average (2.6x)

Price to Sales Ratio vs Fair Ratio

What is III'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.

III PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio3.5x
Fair PS Ration/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate III's Price-To-Sales Fair Ratio for valuation analysis.

Share Price vs Fair Value

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

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

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

Price to Earnings Growth Ratio

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

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Future Growth

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

Future Growth Score


Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


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 Imperial Metals 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.

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  • Take a look at our analysis of III’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  • Imperial Metals competitive advantages and company strategy can generally be found in its financial reports archived here.

Past Performance

How has Imperial Metals performed over the past 5 years?

Past Performance Score


Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: III is currently unprofitable.

Growing Profit Margin: III is currently unprofitable.

Past Earnings Growth Analysis

Earnings Trend: III is unprofitable, and losses have increased over the past 5 years at a rate of 3.5% per year.

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

Earnings vs Industry: III is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (-5.8%).

Return on Equity

High ROE: III has a negative Return on Equity (-4.03%), as it is currently unprofitable.

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Financial Health

How is Imperial Metals's financial position?

Financial Health Score


Financial Health Score 2/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Stable Cash Runway

  • Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: III's short term assets (CA$61.5M) do not cover its short term liabilities (CA$105.6M).

Long Term Liabilities: III's short term assets (CA$61.5M) do not cover its long term liabilities (CA$328.6M).

Debt to Equity History and Analysis

Debt Level: III's net debt to equity ratio (5.5%) is considered satisfactory.

Reducing Debt: III's debt to equity ratio has reduced from 229.8% to 7.5% 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: III has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: III has less than a year of cash runway if free cash flow continues to reduce at historical rates of 12.8% each year

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What is Imperial Metals's current dividend yield, its reliability and sustainability?

Dividend Score


Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage

Dividend Yield vs Market

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

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

Growing Dividend: Insufficient data to determine if III's dividend payments have been increasing.

Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as III has not reported any payouts.

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


Average management tenure


J. Kynoch





Mr. J. Brian Kynoch, B.A.Sc., P.Eng., has been President of Imperial Metals Corporation since January 21, 2003 and serves as its Chief Executive Officer. Mr. Kynoch serves as President and Secretary at Ame...

CEO Compensation Analysis

Compensation vs Market: J.'s total compensation ($USD314.24K) is below average for companies of similar size in the Canadian market ($USD1.20M).

Compensation vs Earnings: J.'s compensation has been consistent with company performance over the past year.

Leadership Team

Experienced Management: III's management team is seasoned and experienced (5.1 years average tenure).

Board Members

Experienced Board: III's board of directors are seasoned and experienced ( 17.1 years average tenure).


Who are the major shareholders and have insiders been buying or selling?

Insider Trading Volume

Insider Buying: III 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 9.5%.

Top Shareholders

Company Information

Imperial Metals Corporation's employee growth, exchange listings and data sources

Key Information

  • Name: Imperial Metals Corporation
  • Ticker: III
  • Exchange: TSX
  • Founded: 1959
  • Industry: Copper
  • Sector: Materials
  • Implied Market Cap: CA$464.614m
  • Shares outstanding: 154.87m
  • Website:

Number of Employees


  • Imperial Metals Corporation
  • 580 Hornby Street
  • Suite 200
  • Vancouver
  • British Columbia
  • V6C 3B6
  • Canada


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/28 00:00
End of Day Share Price2022/06/28 00:00
Annual Earnings2021/12/31

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.