Ivanhoe Mines
Ivanhoe Mines Ltd. engages in the exploration, development, and recovery of minerals and precious metals located primarily in Africa. The last earnings update was 14 days ago. More info.
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IVN Share Price and Events
7 Day Returns
1 Year Returns
IVN Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Ivanhoe Mines (IVN) | -2.4% | 6.9% | -2.7% | -2.1% | 208.5% | 138.7% |
| CA Metals and Mining | -1.4% | -5.5% | -8.1% | -15.2% | -17.5% | -22.5% |
| CA Market | 1% | -2% | 1.9% | -1.6% | 12.9% | 4.6% |
1 Year Return vs Industry and Market
- IVN outperformed the Metals and Mining industry which returned -15.2% over the past year.
IVN Value
Is Ivanhoe Mines undervalued based on future cash flows and its price relative to the stock market?
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current
share
price of
Ivanhoe Mines
to its discounted cash flow analysis.value.The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Ivanhoe Mines.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity | |
| Levered Free Cash Flow | Average of 5 Analyst Estimates (S&P Global) | See below |
| Discount Rate (Cost of Equity) | See below | 8.4% |
| Perpetual Growth Rate | 10-Year CA Government Bond Rate | 1.9% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year CA Govt Bond Rate | 1.9% |
| Equity Risk Premium | S&P Global | 6% |
| Metals and Mining Unlevered Beta | Simply Wall St/ S&P Global | 1.1 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.095 (1 + (1- 26.5%) (2%)) |
1.075 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
1.07 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.95% + (1.075 * 5.96%) |
8.35% |
Discounted Cash Flow Calculation for TSX:IVN using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for Ivanhoe Mines is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.
| Levered FCF (USD, Millions) | Source |
Present Value Discounted (@ 8.35%) |
|
|---|---|---|---|
| 2019 | -179.00 | Analyst x3 | -165.20 |
| 2020 | -484.67 | Analyst x3 | -412.83 |
| 2021 | -72.00 | Analyst x3 | -56.60 |
| 2022 | 1,251.00 | Analyst x1 | 907.65 |
| 2023 | 1,603.00 | Analyst x1 | 1,073.40 |
| 2024 | 1,678.16 | Est @ 4.69% | 1,037.12 |
| 2025 | 1,743.04 | Est @ 3.87% | 994.19 |
| 2026 | 1,800.40 | Est @ 3.29% | 947.75 |
| 2027 | 1,852.38 | Est @ 2.89% | 899.96 |
| 2028 | 1,900.65 | Est @ 2.61% | 852.23 |
| Present value of next 10 years cash flows | $6,077.66 | ||
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2028
× (1 + g) ÷ (Discount Rate – g)
= $1,900.65 × (1 + 1.95%) ÷ (8.35% – 1.95%) |
$30,255.22 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)10
= $30,255.22 ÷ (1 + 8.35%)10 |
$13,566.16 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 10 years cash flows +
Terminal Value
= $6,077.66 + $13,566.16 |
$19,643.82 |
| Equity Value per Share (USD) |
= Total value / Shares Outstanding
= $19,643.82 / 1,018.16 |
$19.29 |
| Calculation | Result | |
|---|---|---|
| Exchange Rate | USD/CAD
(Reporting currency to currency of TSX:IVN) |
1.342 |
| Value per Share (CAD) |
= Value per Share in USD x Exchange Rate (USD/CAD)
= $19.29 x 1.342 |
CA$25.89 |
| Value per share (CAD) | From above. | CA$25.89 |
| Current discount | Discount to share price of
CA$3.27
= -1 x (CA$3.27 - CA$25.89) / CA$25.89 |
87.4% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
Current Discount
Current Discount Checks
- Ivanhoe Mines's share price is below the future cash flow value, and at a moderate discount (> 20%).
- Ivanhoe Mines's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.The amount the stock market is willing to pay for Ivanhoe Mines's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Ivanhoe Mines's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2019-03-31) in USD | $0.04 |
| TSX:IVN Share Price ** | TSX (2019-05-21) in CAD | CA$3.27 |
| TSX:IVN Share Price converted to USD reporting currency | Exchange rate (CAD/ USD) 0.745 | $2.44 |
| Canada Metals and Mining Industry PE Ratio | Median Figure of 113 Publicly-Listed Metals and Mining Companies | 13.29x |
| Canada Market PE Ratio | Median Figure of 544 Publicly-Listed Companies | 14.89x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Ivanhoe Mines.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = TSX:IVN Share Price ÷ EPS (both in USD) = 2.44 ÷ 0.04 |
58.63x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Ivanhoe Mines is overvalued based on earnings compared to the CA Metals and Mining industry average.
- Ivanhoe Mines is overvalued based on earnings compared to the Canada market.
Price based on expected Growth
Does
Ivanhoe Mines's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 58.63x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts |
-131.4%per year |
| Canada Metals and Mining Industry PEG Ratio | Median Figure of 37 Publicly-Listed Metals and Mining Companies | 0.61x |
| Canada Market PEG Ratio | Median Figure of 250 Publicly-Listed Companies | 1.14x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 58.63x ÷ -131.4% |
-0.45x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Ivanhoe Mines earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on
Ivanhoe Mines's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2019-03-31) in USD | $1.87 |
| TSX:IVN Share Price * | TSX (2019-05-21) in CAD | CA$3.27 |
| TSX:IVN Share Price converted to USD reporting currency | Exchange rate (CAD/ USD) 0.745 | $2.44 |
| Canada Metals and Mining Industry PB Ratio | Median Figure of 1,093 Publicly-Listed Metals and Mining Companies | 1.28x |
| Canada Market PB Ratio | Median Figure of 2,405 Publicly-Listed Companies | 1.43x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = TSX:IVN Share Price ÷ Book Value per Share (both in USD) = 2.44 ÷ 1.87 |
1.3x |
* Primary Listing of Ivanhoe Mines.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Ivanhoe Mines is overvalued based on assets compared to the CA Metals and Mining industry average.
Value checks
We assess Ivanhoe Mines's value by looking at:- Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
- Is the PE ratio less than the market average, and/ or less than the Metals and Mining industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Metals and Mining industry average (and greater than 0)? (1 check) Ivanhoe Mines has a total score of 2/6, see the detailed checks below.
Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
Full details on the Value part of the Simply Wall St company analysis model.
IVN Future Performance
The future performance of a company is measured in the same way as past
performance, by looking at estimated
growth
and how much profit it is expected to make.Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Earnings growth vs Low Risk Savings
- Ivanhoe Mines's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 1.9%.
Growth vs Market Checks
- Ivanhoe Mines's earnings are expected to decrease over the next 1-3 years, this is below the Canada market average.
- Unable to compare Ivanhoe Mines's revenue growth to the Canada market average as no estimate data is available.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| TSX:IVN Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts | -131.4% |
| Canada Metals and Mining Industry Earnings Growth Rate | Market Cap Weighted Average | 25% |
| Canada Metals and Mining Industry Revenue Growth Rate | Market Cap Weighted Average | 5.9% |
| Canada Market Earnings Growth Rate | Market Cap Weighted Average | 14.5% |
| Canada Market Revenue Growth Rate | Market Cap Weighted Average | 6% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Analysts growth expectations
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (1 month ago) | See Below |
| Future Estimates | Average of up to 5 Analyst Estimates (S&P Global) | See Below |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2023-12-31 | 2,048 | 444 | 2 | |
| 2022-12-31 | 1,603 | 244 | 2 | |
| 2021-12-31 | 1,190 | -2 | 2 | |
| 2020-12-31 | 358 | -4 | -6 | 2 |
| 2019-12-31 | 116 | -28 | 9 | 5 |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2019-03-31 | -13 | 38 | |
| 2018-12-31 | -15 | 26 | |
| 2018-09-30 | -16 | 183 | |
| 2018-06-30 | -28 | 174 | |
| 2018-03-31 | -37 | 171 | |
| 2017-12-31 | -39 | 170 | |
| 2017-09-30 | -37 | -40 | |
| 2017-06-30 | -36 | -38 | |
| 2017-03-31 | -29 | -35 | |
| 2016-12-31 | -31 | -32 | |
| 2016-09-30 | -32 | 708 | |
| 2016-06-30 | -34 | 705 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (1 month ago) | See Below |
| Future Estimates | Average of up to 5 Analyst Estimates (S&P Global) | See Below |
All data from Ivanhoe Mines Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2023-12-31 | 0.21 | 0.21 | 0.21 | 1.00 |
| 2022-12-31 | 0.14 | 0.14 | 0.14 | 1.00 |
| 2021-12-31 | 0.01 | 0.01 | 0.01 | 1.00 |
| 2020-12-31 | -0.02 | 0.04 | -0.08 | 2.00 |
| 2019-12-31 | -0.05 | -0.04 | -0.06 | 2.00 |
| Date (Data in USD Millions) | EPS * |
|---|---|
| 2019-03-31 | 0.04 |
| 2018-12-31 | 0.03 |
| 2018-09-30 | 0.23 |
| 2018-06-30 | 0.22 |
| 2018-03-31 | 0.22 |
| 2017-12-31 | 0.22 |
| 2017-09-30 | -0.05 |
| 2017-06-30 | -0.05 |
| 2017-03-31 | -0.04 |
| 2016-12-31 | -0.04 |
| 2016-09-30 | 0.91 |
| 2016-06-30 | 0.91 |
*GAAP earnings excluding extraordinary items.
Future performance checks
We assess Ivanhoe Mines's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Canada market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Canada market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Ivanhoe Mines has a total score of 1/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
IVN Past Performance
How has Ivanhoe Mines performed over the past 5 years?
The past performance of a company can be measured by how much
growth
it has experienced and how much profit it makes relative to the funds and assets
it has available.
Past earnings growth
Past Earnings growth analysis
- Ivanhoe Mines has delivered over 20% year on year earnings growth in the past 5 years.
- Ivanhoe Mines's 1-year earnings growth is negative, it can't be compared to the 5-year average.
- Ivanhoe Mines's 1-year earnings growth is negative, it can't be compared to the CA Metals and Mining industry average.
Earnings and Revenue History
All data from Ivanhoe Mines Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2019-03-31 | 37.82 | 41.68 | ||
| 2018-12-31 | 26.10 | 39.95 | ||
| 2018-09-30 | 183.36 | 43.85 | ||
| 2018-06-30 | 174.21 | 51.80 | ||
| 2018-03-31 | 171.27 | 57.06 | ||
| 2017-12-31 | 170.22 | 63.79 | ||
| 2017-09-30 | -40.39 | 59.94 | ||
| 2017-06-30 | -38.07 | 58.21 | ||
| 2017-03-31 | -34.58 | 55.18 | ||
| 2016-12-31 | -32.16 | 53.15 | ||
| 2016-09-30 | 707.93 | 55.12 | ||
| 2016-06-30 | 705.15 | 53.16 | ||
| 2016-03-31 | 704.77 | 55.21 | ||
| 2015-12-31 | 696.06 | 57.50 | ||
| 2015-09-30 | -56.11 | 70.84 | ||
| 2015-06-30 | -55.69 | 93.96 | ||
| 2015-03-31 | -155.60 | 187.97 | ||
| 2014-12-31 | -185.46 | 219.83 | ||
| 2014-09-30 | -399.35 | 249.49 | ||
| 2014-06-30 | -440.41 | 260.38 | ||
| 2014-03-31 | -376.72 | 202.11 | ||
| 2013-12-31 | -369.57 | 196.58 | ||
| 2013-09-30 | -167.17 | 177.27 | ||
| 2013-06-30 | -154.70 | 165.12 | ||
| 2013-03-31 | -161.12 | 158.10 | ||
| 2012-12-31 | -166.02 | 154.64 | ||
| 2012-09-30 | -170.37 | 153.56 | ||
| 2012-06-30 | -163.92 | 152.50 |
*GAAP earnings excluding extraordinary items.
Performance last year
We want to ensure a company is making the most of what it has available. This is
done by comparing the return (profit) to a company's available
funds,
assets
and
capital.
- Ivanhoe Mines has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- It is difficult to establish if Ivanhoe Mines has efficiently used its assets last year compared to the CA Metals and Mining industry average (Return on Assets) as it is loss-making.
- It is difficult to establish if Ivanhoe Mines improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
Past performance checks
We assess Ivanhoe Mines's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Metals and Mining industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
Ivanhoe Mines has a total score of 1/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
IVN Health
How is Ivanhoe Mines's financial health and their level of debt?
A company's financial position is much like your own financial position,
it includes everything you own
(assets)
and owe
(liabilities).The boxes below represent the relative size of what makes up Ivanhoe Mines's finances.
The net worth of a company is the difference between its assets and liabilities.
- Ivanhoe Mines is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- Ivanhoe Mines's cash and other short term assets cover its long term commitments.
Balance sheet
Assets
Liabilities and shares
- High level of physical assets or inventory.
- Debt is covered by short term assets, assets are 10.8x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t
bad,
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
All data from Ivanhoe Mines Company Filings, last reported 1 month ago.
| Date (Data in USD Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2019-03-31 | 1,824.26 | 49.59 | 523.29 |
| 2018-12-31 | 1,818.81 | 33.79 | 575.97 |
| 2018-09-30 | 1,786.61 | 33.23 | 658.67 |
| 2018-06-30 | 1,180.45 | 32.62 | 91.45 |
| 2018-03-31 | 1,216.76 | 32.30 | 141.19 |
| 2017-12-31 | 1,211.49 | 31.55 | 189.98 |
| 2017-09-30 | 926.94 | 28.66 | 234.12 |
| 2017-06-30 | 946.01 | 28.02 | 290.78 |
| 2017-03-31 | 955.82 | 27.38 | 296.75 |
| 2016-12-31 | 956.26 | 26.88 | 287.75 |
| 2016-09-30 | 965.26 | 26.67 | 279.34 |
| 2016-06-30 | 964.14 | 26.34 | 296.71 |
| 2016-03-31 | 973.04 | 26.27 | 314.85 |
| 2015-12-31 | 978.82 | 26.02 | 294.98 |
| 2015-09-30 | 246.51 | 25.75 | 86.64 |
| 2015-06-30 | 257.71 | 25.55 | 121.07 |
| 2015-03-31 | 185.38 | 24.87 | 69.87 |
| 2014-12-31 | 202.40 | 24.79 | 110.98 |
| 2014-09-30 | 235.64 | 24.67 | 168.11 |
| 2014-06-30 | 263.37 | 24.60 | 185.76 |
| 2014-03-31 | 181.04 | 24.14 | 89.90 |
| 2013-12-31 | 227.24 | 23.80 | 143.79 |
| 2013-09-30 | 450.55 | 35.04 | 107.68 |
| 2013-06-30 | 506.63 | 34.36 | 158.56 |
| 2013-03-31 | 573.42 | 15.05 | 216.60 |
| 2012-12-31 | 613.60 | 15.11 | 259.83 |
| 2012-09-30 | 178.05 | 199.80 | 135.97 |
| 2012-06-30 | 216.82 | 186.93 | 84.79 |
- Ivanhoe Mines's level of debt (2.7%) compared to net worth is satisfactory (less than 40%).
- The level of debt compared to net worth has been reduced over the past 5 years (13.3% vs 2.7% today).
- Operating cash flow is negative therefore debt is not well covered.
- Unable to confirm if the interest payments on Ivanhoe Mines's debt are well covered by earnings due to lack of past financial data.
Financial health checks
We assess Ivanhoe Mines's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Ivanhoe Mines has a total score of 4/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Full details on the Health part of the Simply Wall St company analysis model.
IVN Dividends
What is Ivanhoe Mines's current dividend yield, its reliability and sustainability?
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
If you bought
CA$2,000 of
Ivanhoe Mines
shares you are expected to receive
CA$0
in your first year as a dividend.
Dividend Amount
- Unable to evaluate Ivanhoe Mines's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
- Unable to evaluate Ivanhoe Mines's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 5 Analyst Estimates (S&P Global) | See Below |
| Canada Metals and Mining Industry Average Dividend Yield | Market Cap Weighted Average of 28 Stocks | 1.3% |
| Canada Market Average Dividend Yield | Market Cap Weighted Average of 331 Stocks | 3.5% |
| Canada Minimum Threshold Dividend Yield | 10th Percentile | 1.2% |
| Canada Bottom 25% Dividend Yield | 25th Percentile | 2% |
| Canada Top 25% Dividend Yield | 75th Percentile | 5.7% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in $) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2023-12-31 | 1.01 | 1.00 |
| 2022-12-31 | 0.84 | 1.00 |
| 2021-12-31 | 0.56 | 1.00 |
| 2020-12-31 | 0.21 | 1.00 |
| 2019-12-31 | 0.00 | 2.00 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Unable to perform a dividend volatility check as Ivanhoe Mines has not reported any payouts.
- Unable to verify if Ivanhoe Mines's dividend has been increasing as the company has not reported any payouts.
Income/ dividend checks
We assess Ivanhoe Mines's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 1.2%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can Ivanhoe Mines afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Ivanhoe Mines has a total score of 0/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
IVN Management
- Ivanhoe Mines has no CEO, or we have no data on them.
Management Team Tenure
Average tenure and age of the Ivanhoe Mines management team in years:
- The average tenure for the Ivanhoe Mines management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team
Robert Friedland
Founder & Executive Co-Chairman
$2M
67
21.3 yrs
Marna Cloete
Chief Financial Officer
$1M
9.4 yrs
Mark Farren
Executive Vice President of Operations
$1M
52
4.9 yrs
Lars-Eric Johansson
$2M
71
Patricia Makhesha
Managing Director of Platreef Project
$852K
4.7 yrs
Egizio Bianchini
Executive Vice Chairman
58
Tony Giardini
President
Mary Vincelli
VP of Compliance & Corporate Secretary
Jeremy Michaels
Vice President of Communications & Public Affairs
6.3 yrs
Martin Bawlf
Vice President of Corporate Development
$1M
Board of Directors Tenure
Average tenure and age of the Ivanhoe Mines board of directors in years:
- The tenure for the Ivanhoe Mines board of directors is about average.
Board of Directors
Miles Yufeng
Non-Executive Co-Chairman
53
0.7 yrs
Robert Friedland
Founder & Executive Co-Chairman
$2M
67
0.7 yrs
Egizio Bianchini
Executive Vice Chairman
58
1.2 yrs
Peter Meredith
Independent Director
$104K
74
21 yrs
Ian Cockerill
Non-Independent Director
$162K
63
8 yrs
Livia Mahler
Independent Director
$126K
59
4.2 yrs
Tadeu Carneiro
Lead Independent Director
58
0.1 yrs
Bill Hayden
Independent Director
$103K
66
12.2 yrs
Oyvind Hushovd
Independent Director
$126K
68
11.7 yrs
Guy de Selliers de Moranville
Non-Independent Director
$110K
66
8 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price (CA$) | Value (CA$) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 25. Feb 19 | Buy | Tadeu Carneiro | Individual | 20. Feb 19 | 22. Feb 19 | 191,650 | CA$3.51 | CA$650,746 | ||
| 12. Feb 19 | Buy | Guy de Selliers de Moranville | Individual | 07. Feb 19 | 07. Feb 19 | 100,000 | CA$3.38 | CA$331,325 | ||
| 21. Dec 18 | Buy | Livia Mahler | Individual | 19. Dec 18 | 21. Dec 18 | 14,500 | CA$2.29 | CA$32,177 | ||
| 24. Aug 18 | Buy | Guy de Selliers de Moranville | Individual | 22. Aug 18 | 22. Aug 18 | 200,000 | CA$2.35 | CA$465,507 | ||
| 29. Jun 18 | Buy | Guy de Selliers de Moranville | Individual | 19. Jun 18 | 19. Jun 18 | 100,000 | CA$2.95 | CA$293,700 | ||
Management checks
We assess Ivanhoe Mines's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) Ivanhoe Mines has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
IVN News
Simply Wall St News
How Much Are Ivanhoe Mines Ltd. (TSE:IVN) Insiders Spending On Buying Shares?
Ivanhoe Mines Insider Transactions Over The Last Year. … Over the last year, we can see that insiders have bought 606k shares worth CA$1.8m. … While Ivanhoe Mines insiders bought shares last year, they didn't sell.
Simply Wall St - – Full articleIvanhoe Mines Ltd. (TSE:IVN): Financial Strength Analysis
Small-caps and large-caps are wildly popular among investors, however, mid-cap stocks, such as Ivanhoe Mines Ltd. … Remember this is a very top-level look that focuses exclusively on financial health, so I recommend a deeper analysis. … Check out our latest analysis for Ivanhoe Mines
Simply Wall St - – Full articleAnnouncing: Ivanhoe Mines Stock Soared An Exciting 410% In The Last Three Years
(TSE:IVN), which saw its share price soar 410% in three years. … One imperfect but simple way to consider how the market perception of a company has shifted is to compare the change in the earnings per share (EPS) with the share price movement. … During three years of share price growth, Ivanhoe Mines moved from a loss to profitability.
Simply Wall St - – Full articleIs Ivanhoe Mines Ltd.'s (TSE:IVN) 14% Better Than Average?
With that in mind, this article will work through how we can use Return On Equity (ROE) to better understand a business. … One way to conceptualize this, is that for each CA$1 of shareholders' equity it has, the company made CA$0.14 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity
Simply Wall St - – Full articleWhat is Behind Ivanhoe Mines Ltd's (TSE:IVN) Superior ROE?
The content of this article will benefit those of you who are starting to educate yourself about investing in the stock market. … and want to begin learning the link between company’s fundamentals and stock market performance. … Sustainability can be gauged by a company’s financial leverage – the more debt it has, the higher ROE is pumped up in the short term, at the expense of long term interest payment burden.
Simply Wall St - – Full articleWhy Fundamental Investors Love Ivanhoe Mines Ltd (TSE:IVN)
Ivanhoe Mines Ltd (TSE:IVN) is a company with exceptional fundamental characteristics. … is a company that has been able to sustain great financial health, trading at an attractive share price. … report on Ivanhoe Mines here
Simply Wall St - – Full articleWhat Investors Should Know About Ivanhoe Mines Ltd's (TSE:IVN) Financial Strength
With this rise in debt, IVN's cash and short-term investments stands at US$189.98M , ready to deploy into the business. … IVN’s level of debt is low relative to its total equity, at 2.46%. … Next Steps: IVN’s cash flow coverage indicates it could improve its operating efficiency in order to meet demand for debt repayments should unforeseen events arise.
Simply Wall St - – Full articleAn Intrinsic Calculation For Ivanhoe Mines Ltd (TSE:IVN) Shows It's 49% Undervalued
5-year cash flow estimate 2018 2019 2020 2021 2022 Levered FCF ($, Millions) $-278.67 $-471.48 $-290.37 $-125.80 $1,163.65 Source Analyst x3 Analyst x5 Analyst x4 Analyst x2 Analyst x2 Present Value Discounted @ 16.89% $-238.39 $-345.05 $-181.80 $-67.38 $533.18 Present Value of 5-year Cash Flow (PVCF)= $-299 We now need to calculate the Terminal Value, which accounts for all the future cash flows after the five years. … Terminal Value (TV) = FCF2022 × (1 + g) ÷ (r – g) = $1,164 × (1 + 2.1%) ÷ (16.9% – 2.1%) = $8,050 Present Value of Terminal Value (PVTV) = TV / (1 + r)5 = $8,050 / ( 1 + 16.9%)5 = $3,688 The total value, or equity value, is then the sum of the present value of the cash flows, which in this case is CA$3,389. … TSX:IVN Intrinsic Value Apr 25th 18 Important assumptions I'd like to point out that the most important inputs to a discounted cash flow are the discount rate and of course the actual cash flows.
Simply Wall St - – Full articleIvanhoe Mines Ltd (TSE:IVN): Earnings To Drop Next Year, Is It A Long-Term Trend?
Ivanhoe Mines Ltd's (TSX:IVN) latest earnings announcement in December 2017 indicated that the company finally turned profitable after delivering losses on average over the past couple of years. … Below, I've presented key growth figures on how market analysts perceive Ivanhoe Mines's earnings growth outlook over the next couple of years and whether the future looks brighter. … See our latest analysis for Ivanhoe Mines Market analysts' consensus outlook for this coming year seems pessimistic, with earnings turning into a loss in 2019.
Simply Wall St - – Full articleIs It Time To Buy Ivanhoe Mines Ltd (TSE:IVN) Based Off Its PE Ratio?
By comparing a stock’s price per share to its earnings per share, we are able to see how much investors are paying for each dollar of the company’s earnings. … Formula Price-Earnings Ratio = Price per share ÷ Earnings per share P/E Calculation for IVN Price per share = $2.11 Earnings per share = $0.217 ∴ Price-Earnings Ratio = $2.11 ÷ $0.217 = 9.7x The P/E ratio itself doesn’t tell you a lot; however, it becomes very insightful when you compare it with other similar companies. … For example, if you accidentally compared higher growth firms with IVN, then IVN’s P/E would naturally be lower since investors would reward its peers’ higher growth with a higher price.
Simply Wall St - – Full articleIVN Company Info
Description
Ivanhoe Mines Ltd. engages in the exploration, development, and recovery of minerals and precious metals located primarily in Africa. The company explores for platinum, palladium, nickel, copper, gold, rhodium, zinc, germanium, and lead deposits. Its projects include the Platreef project located in the Northern Limb of South Africa's Bushveld Complex; the Kipushi project located on the DRC’s Copperbelt; and the Kamoa-Kakula project located within the Central African Copperbelt, as well as explores Western Foreland project in the Democratic Republic of Congo. The company was formerly known as Ivanplats Limited and changed its name to Ivanhoe Mines Ltd. in August 2013. Ivanhoe Mines Ltd. was incorporated in 1993 and is based in Vancouver, Canada.
Details
| Name: | Ivanhoe Mines Ltd. |
| IVN | |
| Exchange: | TSX |
| Founded: | 1993 |
| CA$3,329,394,939 | |
| 1,018,163,590 | |
| Website: | http://www.ivanhoemines.com |
| Address: |
Ivanhoe Mines Ltd. 999 Canada Place, Suite 654, Vancouver, British Columbia, V6C 3E1, Canada |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| TSX | IVN | Class A Common Shares | The Toronto Stock Exchange | CA | CAD | 17. Oct 2012 | |
| OTCPK | IVPA.F | Class A Common Shares | Pink Sheets LLC | US | USD | 17. Oct 2012 | |
| DB | IYAA | Class A Common Shares | Deutsche Boerse AG | DE | EUR | 17. Oct 2012 |
Number of employees
Current staff
Industry
| Diversified Metals and Mining | |
| Materials |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/05/22 06:36 |
| End of day share price update: | 2019/05/21 00:00 |
| Last estimates confirmation: | 2019/05/21 |
| Last earnings filing: | 2019/05/08 |
| Last earnings reported: | 2019/03/31 |
| Last annual earnings reported: | 2018/12/31 |
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
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.
