Executive Summary
Ivanhoe Mines Ltd. engages in the exploration, development, and recovery of minerals and precious metals located primarily in Africa.
Snowflake
Fundamentals
Adequate balance sheet with moderate growth potential.
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Share Price & News
How has Ivanhoe Mines's share price performed over time and what events caused price changes?
Latest Share Price and Events
Market Performance
7 Day Return
3.4%
IVN
0.1%
CA Metals and Mining
-0.2%
CA Market
1 Year Return
33.9%
IVN
12.5%
CA Metals and Mining
1.5%
CA Market
Return vs Industry: IVN exceeded the Canadian Metals and Mining industry which returned 12.5% over the past year.
Return vs Market: IVN exceeded the Canadian Market which returned 1.5% over the past year.
Shareholder returns
| IVN | Industry | Market | |
|---|---|---|---|
| 7 Day | 3.4% | 0.1% | -0.2% |
| 30 Day | -6.1% | -6.0% | -3.5% |
| 90 Day | -17.8% | -5.0% | -1.8% |
| 1 Year | 33.9%33.9% | 13.5%12.5% | 5.1%1.5% |
| 3 Year | 54.8%54.8% | -11.1%-12.8% | 13.3%3.2% |
| 5 Year | 277.5%277.5% | 8.0%3.9% | 25.2%7.2% |
Price Volatility Vs. Market
How volatile is Ivanhoe Mines's share price compared to the market and industry in the last 5 years?
Simply Wall St News
6 months ago | Simply Wall St
How Much Are Ivanhoe Mines Ltd. (TSE:IVN) Insiders Spending On Buying Shares?7 months ago | Simply Wall St
Ivanhoe Mines Ltd. (TSE:IVN): Financial Strength Analysis7 months ago | Simply Wall St
Announcing: Ivanhoe Mines Stock Soared An Exciting 410% In The Last Three YearsValuation
Is Ivanhoe Mines undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: IVN (CA$3.36) is trading below our estimate of fair value (CA$32.75)
Significantly Below Fair Value: IVN is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: IVN is poor value based on its PE Ratio (51.5x) compared to the Metals and Mining industry average (13.6x).
PE vs Market: IVN is poor value based on its PE Ratio (51.5x) compared to the Canadian market (13.7x).
Price to Earnings Growth Ratio
PEG Ratio: IVN is poor value based on its PEG Ratio (1.3x)
Price to Book Ratio
PB vs Industry: IVN is overvalued based on its PB Ratio (1.4x) compared to the CA Metals and Mining industry average (1.3x).
Next Steps
Future Growth
How is Ivanhoe Mines forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
38.8%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: IVN's forecast earnings growth (38.8% per year) is above the savings rate (1.9%).
Earnings vs Market: IVN's earnings (38.8% per year) are forecast to grow faster than the Canadian market (13.6% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: Insufficient data to determine if IVN's revenue is forecast to grow faster than the Canadian market.
High Growth Revenue: Insufficient data to determine if IVN's revenue is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: IVN is forecast to be unprofitable in 3 years.
Next Steps
Past Performance
How has Ivanhoe Mines performed over the past 5 years?
19.1%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Earnings Trend: IVN has become profitable over the past 5 years, growing earnings by 19.1% per year.
Accelerating Growth: IVN's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: IVN had negative earnings growth (-72.4%) over the past year, making it difficult to compare to the Metals and Mining industry average (-13.7%).
Return on Equity
High ROE: IVN's Return on Equity (2.2%) is considered low.
Return on Assets
ROA vs Industry: IVN's Return on Assets is below or equal to the Metals and Mining industry average last year.
Return on Capital Employed
ROCE Improving: IVN is currently unprofitable, so its Return on Capital Employed is negative.
Next Steps
Financial Health
How is Ivanhoe Mines's financial position?
Financial Position Analysis
Short Term Liabilities: IVN's short term assets ($392.4M) exceeds its short term liabilities ($22.8M)
Long Term Liabilities: IVN's short term assets (392.4M) exceeds its long term liabilities (51.3M)
Debt to Equity History and Analysis
Debt Level: IVN's debt to equity ratio (1.9%) is considered satisfactory
Reducing Debt: IVN's debt to equity ratio has reduced from 9.4% to 1.9% over the past 5 years.
Debt Coverage: IVN's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if IVN's interest payments on its debt are well covered by EBIT.
Balance Sheet
Inventory Level: IVN has a high level of physical assets or inventory.
Debt Coverage by Assets: IVN's debt is covered by short term assets (assets are 11.169980x debt).
Next Steps
Dividend
What is Ivanhoe Mines's current dividend yield, its reliability and sustainability?
20.43%
Forecast Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Stability and Growth of Payments
Notable Dividend: Unable to evaluate IVN's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate IVN's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.
Stable Dividend: Insufficient data to determine if IVN's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if IVN'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 IVN's dividend in 3 years as they are not forecast to pay a notable one for the Canadian market.
Next Steps
Management
What is the CEO of Ivanhoe Mines's salary, the management and board of directors tenure and is there insider trading?
6.8yrs
Average management tenure
CEO
Ivanhoe Mines has no CEO, or we have no data on them.
Management Age and Tenure
6.8yrs
Average Tenure
59.5yo
Average Age
Experienced Management: IVN's management team is seasoned and experienced (6.8 years average tenure).
Board Age and Tenure
1.5yrs
Average Tenure
64.5yo
Average Age
Experienced Board: IVN's board of directors are not considered experienced ( 1.5 years average tenure), which suggests a new board.
Insider Trading
Insider Buying: IVN insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Role | President President |
| Shares | 250,000 |
| Max Price | US$3.29 |
| Entity | Company |
| Shares | 153,821,507 |
| Max Price | US$3.98 |
| Entity | Individual |
| Role | Head of Corporate Development Vice President of Corporate Development |
| Shares | 165,100 |
| Max Price | US$4.17 |
| Entity | Individual |
| Role | Lead Director Lead Independent Director |
| Shares | 10,000 |
| Max Price | US$4.20 |
| Entity | Individual |
| Role | Lead Director Lead Independent Director |
| Shares | 22,336 |
| Max Price | US$4.07 |
| Entity | Individual |
| Role | Lead Director Lead Independent Director |
| Shares | 191,650 |
| Max Price | US$3.51 |
| Entity | Individual |
| Role | Member of the Board of Directors Non-Independent Director |
| Shares | 100,000 |
| Max Price | US$3.38 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 14,500 |
| Max Price | US$2.29 |
Ownership Breakdown
Management Team
Robert Martin Friedland (68yo)
Founder & Executive Co-Chairman
- Tenure: 1.1yrs
- Compensation: US$1.24m
Louis Watum (56yo)
Managing Director of DRC Operations
- Tenure: 0yrs
Egizio Bianchini (59yo)
Executive Vice Chairman
- Tenure: 1.6yrs
- Compensation: US$2.72m
Mary Vincelli
VP of Compliance & Corporate Secretary
- Tenure: 0yrs
Warwick Morley-Jepson (60yo)
Executive VP & COO
- Tenure: 0yrs
Marna Cloete
Chief Financial Officer
- Tenure: 9.8yrs
- Compensation: US$858.09k
Martin Bawlf
Vice President of Corporate Development
- Tenure: 0yrs
- Compensation: US$1.08m
Jeremy Michaels
Vice President of Communications & Public Affairs
- Tenure: 6.8yrs
Patricia Makhesha
Executive VP of Sustainability & Public Affairs
- Tenure: 5.1yrs
- Compensation: US$851.77k
Tony Giardini
President
- Tenure: 0.4yrs
Board Members
Livia Mahler (60yo)
Independent Director
- Tenure: 4.6yrs
- Compensation: US$148.32k
Robert Martin Friedland (68yo)
Founder & Executive Co-Chairman
- Tenure: 1.1yrs
- Compensation: US$1.24m
Peter Meredith (75yo)
Independent Director
- Tenure: 21.4yrs
- Compensation: US$108.85k
Guy de Selliers de Moranville (67yo)
Non-Independent Director
- Tenure: 8.4yrs
- Compensation: US$114.32k
Bill Hayden (67yo)
Independent Director
- Tenure: 12.6yrs
- Compensation: US$116.32k
Jinghe Chen (62yo)
Independent Director
- Tenure: 0.3yrs
Egizio Bianchini (59yo)
Executive Vice Chairman
- Tenure: 1.6yrs
- Compensation: US$2.72m
Miles Sun (54yo)
Non-Executive Co-Chairman
- Tenure: 1.1yrs
- Compensation: US$145.07k
Kgalema Motlanthe (69yo)
Independent Director
- Tenure: 1.5yrs
- Compensation: US$83.83k
Tadeu Carneiro (59yo)
Lead Independent Director
- Tenure: 0.5yrs
- Compensation: US$27.23k
Company Information
Ivanhoe Mines Ltd.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Ivanhoe Mines Ltd.
- Ticker: IVN
- Exchange: TSX
- Founded: 1993
- Industry: Diversified Metals and Mining
- Sector: Materials
- Market Cap: CA$4.004b
- Shares outstanding: 1.19b
- Website: https://www.ivanhoemines.com
Number of Employees
Location
- Ivanhoe Mines Ltd.
- 999 Canada Place
- Suite 654
- Vancouver
- British Columbia
- V6C 3E1
- Canada
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| IVN | TSX (The Toronto Stock Exchange) | Yes | Class A Common Shares | CA | CAD | Oct 2012 |
| IYAA | DB (Deutsche Boerse AG) | Yes | Class A Common Shares | DE | EUR | Oct 2012 |
| IVPA.F | OTCPK (Pink Sheets LLC) | Yes | Class A Common Shares | US | USD | Oct 2012 |
Biography
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, rho ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/10/22 00:22 |
| End of Day Share Price | 2019/10/21 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2018/12/31 |
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.