TSX:IVN

Stock Analysis Report

Executive Summary

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

Snowflake

Fundamentals

Reasonable growth potential with adequate balance sheet.

Risks

  • Ivanhoe Mines has significant price volatility in the past 3 months.

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


Market Performance


7 Day Return

-1.2%

TSX:IVN

5.9%

CA Metals and Mining

0.1%

CA Market


1 Year Return

66.5%

TSX:IVN

9.6%

CA Metals and Mining

-2.0%

CA Market

IVN outperformed the Metals and Mining industry which returned 8.8% over the past year.

IVN outperformed the Market in Canada which returned -2.2% over the past year.


Share holder returns

IVNIndustryMarket
7 Day-1.2%5.9%0.1%
30 Day2.7%7.9%-0.2%
90 Day35.7%16.5%-2.3%
1 Year66.5%66.5%10.5%9.6%1.4%-2.0%
3 Year257.3%257.3%-10.0%-11.7%18.7%8.2%
5 Year166.2%166.2%-11.7%-14.9%16.0%0.008%

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 based on future cash flows and its price relative to the stock market?

>50%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

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 Based on Earnings

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

Ivanhoe Mines is poor value based on expected growth next year.


Price Based on Value of Assets

Ivanhoe Mines is overvalued based on assets compared to the CA Metals and Mining industry average.


Next Steps

Future Growth

How is Ivanhoe Mines expected to perform in the next 1 to 3 years based on estimates from 4 analysts?

61.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Unable to determine if Ivanhoe Mines is high growth as no revenue estimate data is available.

Ivanhoe Mines's earnings are expected to grow significantly at over 20% yearly.

Unable to compare Ivanhoe Mines's revenue growth to the Canada market average as no estimate data is available.

Ivanhoe Mines's earnings growth is expected to exceed the Canada market average.

Ivanhoe Mines's earnings growth is expected to exceed the low risk savings rate of 1.9%.


Earnings per Share Growth Estimates


Future Return on Equity

Ivanhoe Mines is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).


Next Steps

Past Performance

How has Ivanhoe Mines performed over the past 5 years?

28.9%

Historical annual earnings growth


Earnings and Revenue History


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.


Return on Equity

Ivanhoe Mines has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

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.


Return on Capital Employed

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.


Next Steps

Financial Health

How is Ivanhoe Mines's financial position?


Financial Position Analysis

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.


Debt to Equity History and Analysis

Ivanhoe Mines's level of debt (1.9%) 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 1.9% 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.


Balance Sheet

High level of physical assets or inventory.

Debt is covered by short term assets, assets are 15.4x debt.


Next Steps

Dividend

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

16.43%

Expected Dividend Yield


Dividend Yield and Payments Analysis

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.

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.


Current Payout to Shareholders

Unable to calculate sustainability of dividends as Ivanhoe Mines has not reported any payouts.


Future Payout to Shareholders

Dividends after 3 years are not well covered by earnings (0.2x coverage).


Next Steps

Management

What is the CEO of Ivanhoe Mines's salary, the management and board of directors tenure and is there insider trading?

5.8yrs

Average management tenure


CEO

Ivanhoe Mines has no CEO, or we have no data on them.


Management Age and Tenure

5.8yrs

Average Tenure

59yo

Average Age

The average tenure for the Ivanhoe Mines management team is over 5 years, this suggests they are a seasoned and experienced team.


Board Age and Tenure

1.3yrs

Average Tenure

64.5yo

Average Age

The average tenure for the Ivanhoe Mines board of directors is less than 3 years, this suggests a new board.


Insider Trading

Ivanhoe Mines individual insiders have sold more shares than they have bought in the past 3 months.


Recent Insider Transactions

SellCA$679,93914 Jul 19
Martin Bawlf
EntityIndividual
Role
Vice President of Corporate Development
Shares165,100
Max PriceCA$4.17
BuyCA$41,99512 Jul 19
Tadeu Carneiro
EntityIndividual
Role
Lead Director
Shares10,000
Max PriceCA$4.20
SellCA$1,236,85212 Jul 19
Martin Bawlf
EntityIndividual
Role
Vice President of Corporate Development
Shares298,732
Max PriceCA$4.18
SellCA$316,55808 Jul 19
Elia Mikhael
EntityIndividual
Shares87,500
Max PriceCA$4.48
BuyCA$90,90624 Jun 19
Tadeu Carneiro
EntityIndividual
Role
Lead Director
Shares22,336
Max PriceCA$4.07
SellCA$30,17821 Jun 19
Mary Vincelli
EntityIndividual
Role
VP of Compliance & Corporate Secretary
Shares10,000
Max PriceCA$4.10
SellCA$325,74017 May 19
Martie Cloete
EntityIndividual
Role
Chief Financial Officer
Shares175,000
Max PriceCA$3.33
BuyCA$108,75017 May 19
Martie Cloete
EntityIndividual
Role
Chief Financial Officer
Shares75,000
Max PriceCA$1.45
SellCA$482,91910 May 19
Mark Farren
EntityIndividual
Role
Executive Vice President of Operations
Shares250,000
Max PriceCA$3.26
SellCA$140,02028 Feb 19
Elia Mikhael
EntityIndividual
Shares50,000
Max PriceCA$3.45
SellCA$25,41826 Feb 19
Mary Vincelli
EntityIndividual
Role
VP of Compliance & Corporate Secretary
Shares10,000
Max PriceCA$3.55
BuyCA$650,74625 Feb 19
Tadeu Carneiro
EntityIndividual
Role
Lead Director
Shares191,650
Max PriceCA$3.51
BuyCA$331,32512 Feb 19
Guy de Selliers de Moranville
EntityIndividual
Role
Member of the Board of Directors
Shares100,000
Max PriceCA$3.38
SellCA$249,28912 Feb 19
Louis Watum
EntityIndividual
Shares100,000
Max PriceCA$3.14
SellCA$167,47421 Dec 18
Patricia Makhesha
EntityIndividual
Role
Managing Director of Platreef Project
Shares100,000
Max PriceCA$2.33
BuyCA$32,17721 Dec 18
Livia Mahler
EntityIndividual
Role
Member of the Board of Directors
Shares14,500
Max PriceCA$2.29
SellCA$189,51014 Dec 18
Patricia Makhesha
EntityIndividual
Role
Managing Director of Platreef Project
Shares125,000
Max PriceCA$2.51
SellCA$77,43206 Dec 18
Elia Mikhael
EntityIndividual
Shares40,000
Max PriceCA$2.59
BuyCA$48,49422 Nov 18
Martin Bawlf
EntityIndividual
Role
Vice President of Corporate Development
Shares24,492
Max PriceCA$1.98
SellCA$14,96822 Nov 18
Martin Bawlf
EntityIndividual
Role
Vice President of Corporate Development
Shares23,000
Max PriceCA$2.64
SellCA$197,12304 Oct 18
Elia Mikhael
EntityIndividual
Shares200,000
Max PriceCA$3.02
SellCA$47,22203 Oct 18
Mary Vincelli
EntityIndividual
Role
VP of Compliance & Corporate Secretary
Shares45,000
Max PriceCA$3.08
SellCA$100,54303 Oct 18
Martie Cloete
EntityIndividual
Role
Chief Financial Officer
Shares100,000
Max PriceCA$3.10
BuyCA$465,50724 Aug 18
Guy de Selliers de Moranville
EntityIndividual
Role
Member of the Board of Directors
Shares200,000
Max PriceCA$2.35
SellCA$98,99221 Aug 18
Patricia Makhesha
EntityIndividual
Role
Managing Director of Platreef Project
Shares125,000
Max PriceCA$2.25
SellCA$105,00020 Aug 18
Louis Watum
EntityIndividual
Shares100,000
Max PriceCA$2.04

Ownership Breakdown


Management Team

  • Mary Vincelli

    VP of Compliance & Corporate Secretary

  • Patricia Makhesha

    Managing Director of Platreef Project

    • Tenure: 4.8yrs
    • Compensation: $851.77k
  • Mark Farren (53yo)

    Executive Vice President of Operations

    • Tenure: 5.1yrs
    • Compensation: $985.07k
  • Jeremy Michaels

    Vice President of Communications & Public Affairs

    • Tenure: 6.5yrs
  • Stephen Torr

    VP of Project Geology & Evaluation

    • Compensation: $814.85k
  • Martin Bawlf

    Vice President of Corporate Development

    • Compensation: $1.08m
  • Robert Martin Friedland (68yo)

    Founder & Executive Co-Chairman

    • Tenure: 21.5yrs
    • Compensation: $1.24m
  • Tony Giardini

    President

    • Tenure: 0.2yrs
  • Marna Cloete

    Chief Financial Officer

    • Tenure: 9.6yrs
    • Compensation: $858.09k
  • Egizio Bianchini (59yo)

    Executive Vice Chairman

    • Compensation: $2.72m

Board Members

  • Miles Yufeng (54yo)

    Non-Executive Co-Chairman

    • Tenure: 0.8yrs
    • Compensation: $145.07k
  • Tadeu Carneiro (59yo)

    Lead Independent Director

    • Tenure: 0.3yrs
    • Compensation: $27.23k
  • Kgalema Motlanthe (69yo)

    Independent Director

    • Tenure: 1.3yrs
    • Compensation: $83.83k
  • Peter Meredith (75yo)

    Independent Director

    • Tenure: 21.2yrs
    • Compensation: $108.85k
  • Bill Hayden (67yo)

    Independent Director

    • Tenure: 12.3yrs
    • Compensation: $116.32k
  • Robert Martin Friedland (68yo)

    Founder & Executive Co-Chairman

    • Tenure: 0.8yrs
    • Compensation: $1.24m
  • Livia Mahler (60yo)

    Independent Director

    • Tenure: 4.3yrs
    • Compensation: $148.32k
  • Guy de Selliers de Moranville (67yo)

    Non-Independent Director

    • Tenure: 8.2yrs
    • Compensation: $114.32k
  • Egizio Bianchini (59yo)

    Executive Vice Chairman

    • Tenure: 1.3yrs
    • Compensation: $2.72m
  • Jinghe Chen (62yo)

    Independent Director

    • Tenure: 0.1yrs

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$4.259b
  • Shares outstanding: 1.02b
  • Website: Click here

Number of Employees


Location

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

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
IVNTSX (The Toronto Stock Exchange)YesClass A Common SharesCACADOct 2012
IYAADB (Deutsche Boerse AG)YesClass A Common SharesDEEUROct 2012
IVPA.FOTCPK (Pink Sheets LLC)YesClass A Common SharesUSUSDOct 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/07/23 00:43
End of Day Share Price2019/07/22 00:00
Earnings2019/03/31
Annual Earnings2018/12/31


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.