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Market Cap

CA$10.3b

Last Updated

2021/04/16 22:24 UTC

Data Sources

Company Financials +

Executive Summary

Ivanhoe Mines Ltd. engages in the exploration, development, and recovery of minerals and precious metals located primarily in Africa. More Details

Rewards

Trading at 73.8% below our estimate of its fair value

Earnings are forecast to grow 50.46% per year

Risk Analysis

No risks detected for IVN from our risk checks.


Snowflake Analysis

Adequate balance sheet with moderate growth potential.


Similar Companies

Share Price & News

How has Ivanhoe Mines's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: IVN is not significantly more volatile than the rest of Canadian stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: IVN's weekly volatility (7%) has been stable over the past year.


Market Performance


7 Day Return

11.2%

IVN

2.7%

CA Metals and Mining

0.5%

CA Market


1 Year Return

220.6%

IVN

30.4%

CA Metals and Mining

42.1%

CA Market

Return vs Industry: IVN exceeded the Canadian Metals and Mining industry which returned 30.4% over the past year.

Return vs Market: IVN exceeded the Canadian Market which returned 42.1% over the past year.


Shareholder returns

IVNIndustryMarket
7 Day11.2%2.7%0.5%
30 Day22.3%6.4%1.8%
90 Day23.5%5.3%8.5%
1 Year220.6%220.6%31.7%30.4%46.9%42.1%
3 Year201.4%201.4%55.7%52.1%32.0%19.1%
5 Year731.1%731.1%66.3%60.9%57.1%33.1%

Long-Term 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

Valuation

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$8.41) is trading below our estimate of fair value (CA$32.13)

Significantly Below Fair Value: IVN is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: IVN is unprofitable, so we can't compare its PE Ratio to the CA Metals and Mining industry average.

PE vs Market: IVN is unprofitable, so we can't compare its PE Ratio to the Canadian market.


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: IVN is overvalued based on its PB Ratio (3.3x) compared to the CA Metals and Mining industry average (2.8x).


Future Growth

How is Ivanhoe Mines forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

50.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: IVN is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.5%).

Earnings vs Market: IVN is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: IVN's is expected to become profitable in 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: Insufficient data to determine if IVN's Return on Equity is forecast to be high in 3 years time


Past Performance

How has Ivanhoe Mines performed over the past 5 years?

-65.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: IVN is currently unprofitable.

Growing Profit Margin: IVN is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: IVN is unprofitable, and losses have increased over the past 5 years at a rate of 65.1% per year.

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

Earnings vs Industry: IVN is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (74.3%).


Return on Equity

High ROE: IVN has a negative Return on Equity (-1.65%), as it is currently unprofitable.


Financial Health

How is Ivanhoe Mines's financial position?


Financial Position Analysis

Short Term Liabilities: IVN's short term assets ($331.0M) exceed its short term liabilities ($23.0M).

Long Term Liabilities: IVN's short term assets ($331.0M) exceed its long term liabilities ($57.6M).


Debt to Equity History and Analysis

Debt Level: IVN's debt to equity ratio (1.7%) is considered satisfactory.

Reducing Debt: IVN's debt to equity ratio has reduced from 2.7% to 1.7% 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


Dividend

What is Ivanhoe Mines's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

High Dividend: Unable to evaluate IVN'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 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

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

1.2yrs

Average management tenure


CEO

Marna Cloete (43 yo)

1.08yrs

Tenure

US$1,627,675

Compensation

Ms. Martie Cloete, also known as Marna, serves as President at Ivanhoe Mines Limited since March 11, 2020 and serves as its Chief Financial Officer since December 2009. Ms. Cloete has experience in the min...


CEO Compensation Analysis

Compensation vs Market: Marna's total compensation ($USD1.63M) is below average for companies of similar size in the Canadian market ($USD3.91M).

Compensation vs Earnings: Marna's compensation has increased whilst the company is unprofitable.


Leadership Team

Experienced Management: IVN's management team is not considered experienced ( 1.2 years average tenure), which suggests a new team.


Board Members

Experienced Board: IVN's board of directors are not considered experienced ( 2.3 years average tenure), which suggests a new board.


Ownership

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


Insider Trading Volume

Insider Buying: IVN insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

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$10.281b
  • Shares outstanding: 1.21b
  • Website: https://www.ivanhoemines.com

Number of Employees


Location

  • Ivanhoe Mines Ltd.
  • 999 Canada Place
  • Suite 654
  • Vancouver
  • British Columbia
  • V6C 3E1
  • Canada

Listings


Biography

Ivanhoe Mines Ltd. engages in the exploration, development, and recovery of minerals and precious metals located primarily in Africa. It explores for platinum, palladium, nickel, copper, gold, rhodium, zin...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/04/16 22:24
End of Day Share Price2021/04/16 00:00
Earnings2020/12/31
Annual Earnings2020/12/31


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.