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Ivanhoe Mines

OTCPK:IVPA.F
Snowflake Description

Adequate balance sheet and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
IVPA.F
OTCPK
CA$3B
Market Cap
  1. Home
  2. US
  3. Materials
Company description

Ivanhoe Mines Ltd. engages in the exploration, development, and recovery of minerals and precious metals located primarily in Africa. The last earnings update was 16 days ago. More info.


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IVPA.F Share Price and Events
7 Day Returns
-3.7%
OTCPK:IVPA.F
-0.9%
US Metals and Mining
0.2%
US Market
1 Year Returns
-0.8%
OTCPK:IVPA.F
-28.1%
US Metals and Mining
2.9%
US Market
IVPA.F Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Ivanhoe Mines (IVPA.F) -3.7% 3.1% -10.3% -0.8% 210.8% 89.5%
US Metals and Mining -0.9% -8.5% -11.9% -28.1% 6.6% -16.9%
US Market 0.2% -1.6% 2.4% 2.9% 36.1% 41%
1 Year Return vs Industry and Market
  • IVPA.F outperformed the Metals and Mining industry which returned -28.1% over the past year.
  • IVPA.F underperformed the Market in United States of America which returned 2.9% over the past year.
Price Volatility
IVPA.F
Industry
5yr Volatility vs Market

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.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Ivanhoe Mines.

OTCPK:IVPA.F Discounted Cash Flow Data Sources
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 8.6%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for OTCPK:IVPA.F
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Metals and Mining Unlevered Beta Simply Wall St/ S&P Global 0.96
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.961 (1 + (1- 26.5%) (2.06%))
0.983
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.98
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.983 * 5.96%)
8.59%

Discounted Cash Flow Calculation for OTCPK:IVPA.F 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.

OTCPK:IVPA.F DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 8.59%)
2019 -179.00 Analyst x3 -164.84
2020 -484.67 Analyst x3 -411.01
2021 -72.00 Analyst x3 -56.23
2022 1,251.00 Analyst x1 899.66
2023 1,603.00 Analyst x1 1,061.60
2024 1,674.95 Est @ 4.49% 1,021.49
2025 1,741.29 Est @ 3.96% 977.93
2026 1,803.83 Est @ 3.59% 932.90
2027 1,863.95 Est @ 3.33% 887.73
2028 1,922.70 Est @ 3.15% 843.27
Present value of next 10 years cash flows $5,992.50
OTCPK:IVPA.F DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $1,922.70 × (1 + 2.73%) ÷ (8.59% – 2.73%)
$33,699.37
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $33,699.37 ÷ (1 + 8.59%)10
$14,780.01
OTCPK:IVPA.F Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $5,992.50 + $14,780.01
$20,772.51
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $20,772.51 / 1,018.16
$27.61
OTCPK:IVPA.F Discount to Share Price
Calculation Result
Exchange Rate USD/CAD
(Reporting currency to currency of TSX:IVN)
1.347
Value per Share
(CAD)
= Value per Share in USD x Exchange Rate (USD/CAD)
= $20.4 x 1.347
CA$27.48
Non-primary Listing Adjustment Factor 1 share in OTCPK:IVPA.F represents 0.73899x of TSX:IVN
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.73899x
Value per Share
(Listing Adjusted, USD)
= Value per Share (CAD) x Listing Adjustment Factor
= CA$ 27.48 x 0.73899
$20.30
Value per share (USD) From above. $20.30
Current discount Discount to share price of $2.35
= -1 x ($2.35 - $20.30) / $20.30
88.4%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Ivanhoe Mines is available for.
Intrinsic value
>50%
Share price is $2.35 vs Future cash flow value of $20.3
Current Discount Checks
For Ivanhoe Mines to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • 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?
Raw Data
OTCPK:IVPA.F PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $0.04
TSX:IVN Share Price ** TSX (2019-05-23) in CAD CA$3.18
TSX:IVN Share Price converted to USD reporting currency Exchange rate (CAD/ USD) 0.743 $2.36
United States of America Metals and Mining Industry PE Ratio Median Figure of 47 Publicly-Listed Metals and Mining Companies 9.73x
United States of America Market PE Ratio Median Figure of 3,085 Publicly-Listed Companies 17.79x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Ivanhoe Mines.

OTCPK:IVPA.F PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSX:IVN Share Price ÷ EPS (both in USD)

= 2.36 ÷ 0.04

56.82x

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 US Metals and Mining industry average.
  • Ivanhoe Mines is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does Ivanhoe Mines's expected growth come at a high price?
Raw Data
OTCPK:IVPA.F PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 56.82x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts
-131.4%per year
United States of America Metals and Mining Industry PEG Ratio Median Figure of 25 Publicly-Listed Metals and Mining Companies 0.62x
United States of America Market PEG Ratio Median Figure of 2,123 Publicly-Listed Companies 1.54x

*Line of best fit is calculated by linear regression .

OTCPK:IVPA.F PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 56.82x ÷ -131.4%

-0.43x

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?
Raw Data
OTCPK:IVPA.F PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $1.87
TSX:IVN Share Price * TSX (2019-05-23) in CAD CA$3.18
TSX:IVN Share Price converted to USD reporting currency Exchange rate (CAD/ USD) 0.743 $2.36
United States of America Metals and Mining Industry PB Ratio Median Figure of 104 Publicly-Listed Metals and Mining Companies 1.45x
United States of America Market PB Ratio Median Figure of 5,201 Publicly-Listed Companies 1.84x
OTCPK:IVPA.F PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSX:IVN Share Price ÷ Book Value per Share (both in USD)

= 2.36 ÷ 1.87

1.26x

* Primary Listing of Ivanhoe Mines.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Ivanhoe Mines is good value based on assets compared to the US Metals and Mining industry average.
X
Value checks
We assess Ivanhoe Mines's value by looking at:
  1. 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. )
  2. 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)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Metals and Mining industry average (and greater than 0)? (1 check)
  5. Ivanhoe Mines has a total score of 3/6, 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.

Future Performance

 How is Ivanhoe Mines expected to perform in the next 1 to 3 years based on estimates from 5 analysts?

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!
Annual Growth Rate
-131.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Ivanhoe Mines expected to grow at an attractive rate?
  • Ivanhoe Mines's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Ivanhoe Mines's earnings are expected to decrease over the next 1-3 years, this is below the United States of America market average.
  • Unable to compare Ivanhoe Mines's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
OTCPK:IVPA.F Future Growth Rates Data Sources
Data Point Source Value (per year)
OTCPK:IVPA.F Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts -131.4%
United States of America Metals and Mining Industry Earnings Growth Rate Market Cap Weighted Average 20.3%
United States of America Metals and Mining Industry Revenue Growth Rate Market Cap Weighted Average 5.2%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.7%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*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
Raw Data
OTCPK:IVPA.F Analysts Growth Expectations Data Sources
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 numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:IVPA.F Future Estimates Data
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 1 -6 2
2019-12-31 116 -38 9 5
OTCPK:IVPA.F Past Financials Data
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.

Super high growth metrics
High Growth Checks
  • Ivanhoe Mines's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Unable to determine if Ivanhoe Mines is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
OTCPK:IVPA.F 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.

OTCPK:IVPA.F Future Estimates Data
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
OTCPK:IVPA.F Past Financials Data
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.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Ivanhoe Mines is expected to make outstanding use of shareholders’ funds in the future (Return on Equity greater than 40%).
X
Future performance checks
We assess Ivanhoe Mines's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
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.

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
Below we compare Ivanhoe Mines's growth in the last year to its industry (Metals and Mining).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • 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 US Metals and Mining industry average.
Earnings and Revenue History
Ivanhoe Mines's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Ivanhoe Mines Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:IVPA.F Past Revenue, Cash Flow and Net Income Data
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 US 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.
X
Past performance checks
We assess Ivanhoe Mines's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Metals and Mining industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
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.

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.
Net Worth
  • 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
This treemap shows a more detailed breakdown of Ivanhoe Mines's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • 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.
Raw Data

All data from Ivanhoe Mines Company Filings, last reported 1 month ago.

OTCPK:IVPA.F Past Debt and Equity Data
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.
X
Financial health checks
We assess Ivanhoe Mines's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Ivanhoe Mines has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. 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.

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
Dividend payments
0%
Current annual income from Ivanhoe Mines dividends. Estimated to be 18.49% next year.
If you bought $2,000 of Ivanhoe Mines shares you are expected to receive $0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • 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.
Raw Data
OTCPK:IVPA.F Annualized Past and Future Dividends
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
United States of America Metals and Mining Industry Average Dividend Yield Market Cap Weighted Average of 31 Stocks 2.7%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2005 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

OTCPK:IVPA.F Future Dividends Estimate Data
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.
Current Payout to shareholders
What portion of Ivanhoe Mines's earnings are paid to the shareholders as a dividend.
  • 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).
X
Income/ dividend checks
We assess Ivanhoe Mines's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. 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)
  7. 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.

Management

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

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
  • 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:

6.3
Average Tenure
62.5
Average Age
  • 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

TITLE
Founder & Executive Co-Chairman
COMPENSATION
$2M
AGE
67
TENURE
21.3 yrs

Marna Cloete

TITLE
Chief Financial Officer
COMPENSATION
$1M
TENURE
9.4 yrs

Mark Farren

TITLE
Executive Vice President of Operations
COMPENSATION
$1M
AGE
52
TENURE
4.9 yrs

Lars-Eric Johansson

TITLE
COMPENSATION
$2M
AGE
71

Patricia Makhesha

TITLE
Managing Director of Platreef Project
COMPENSATION
$852K
TENURE
4.7 yrs

Egizio Bianchini

TITLE
Executive Vice Chairman
AGE
58

Tony Giardini

TITLE
President

Mary Vincelli

TITLE
VP of Compliance & Corporate Secretary

Jeremy Michaels

TITLE
Vice President of Communications & Public Affairs
TENURE
6.3 yrs

Martin Bawlf

TITLE
Vice President of Corporate Development
COMPENSATION
$1M
Board of Directors Tenure

Average tenure and age of the Ivanhoe Mines board of directors in years:

6.1
Average Tenure
64.5
Average Age
  • The tenure for the Ivanhoe Mines board of directors is about average.
Board of Directors

Miles Yufeng

TITLE
Non-Executive Co-Chairman
AGE
53
TENURE
0.7 yrs

Robert Friedland

TITLE
Founder & Executive Co-Chairman
COMPENSATION
$2M
AGE
67
TENURE
0.7 yrs

Egizio Bianchini

TITLE
Executive Vice Chairman
AGE
58
TENURE
1.2 yrs

Peter Meredith

TITLE
Independent Director
COMPENSATION
$104K
AGE
74
TENURE
21 yrs

Ian Cockerill

TITLE
Non-Independent Director
COMPENSATION
$162K
AGE
63
TENURE
8 yrs

Livia Mahler

TITLE
Independent Director
COMPENSATION
$126K
AGE
59
TENURE
4.2 yrs

Tadeu Carneiro

TITLE
Lead Independent Director
AGE
58
TENURE
0.1 yrs

Bill Hayden

TITLE
Independent Director
COMPENSATION
$103K
AGE
66
TENURE
12.2 yrs

Oyvind Hushovd

TITLE
Independent Director
COMPENSATION
$126K
AGE
68
TENURE
11.7 yrs

Guy de Selliers de Moranville

TITLE
Non-Independent Director
COMPENSATION
$110K
AGE
66
TENURE
8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
25. Feb 19 Buy Tadeu Carneiro Individual 20. Feb 19 22. Feb 19 191,650 $2.66 $493,677
12. Feb 19 Buy Guy de Selliers de Moranville Individual 07. Feb 19 07. Feb 19 100,000 $2.55 $249,663
21. Dec 18 Buy Livia Mahler Individual 19. Dec 18 21. Dec 18 14,500 $1.69 $23,738
24. Aug 18 Buy Guy de Selliers de Moranville Individual 22. Aug 18 22. Aug 18 200,000 $1.80 $357,442
29. Jun 18 Buy Guy de Selliers de Moranville Individual 19. Jun 18 19. Jun 18 100,000 $2.22 $221,270
X
Management checks
We assess Ivanhoe Mines's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. 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.

News

Simply Wall St News

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.
IVPA.F
Exchange: OTCPK
Founded: 1993
CA$2,404,200,025
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
Staff numbers
770
Ivanhoe Mines employees.
Industry
Diversified Metals and Mining
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/24 00:32
End of day share price update: 2019/05/23 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.