Ionic Rare Earths Limited

OTCPK:IXRR.F Stock Report

Market Cap: US$22.2m

Ionic Rare Earths Valuation

Is IXRR.F undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of IXRR.F when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: IXRR.F ($0) is trading below our estimate of fair value ($0.25)

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

Key Valuation Metric

Which metric is best to use when looking at relative valuation for IXRR.F?

Key metric: As IXRR.F is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for IXRR.F. This is calculated by dividing IXRR.F's market cap by their current revenue.
What is IXRR.F's PS Ratio?
PS Ratio15.4x
SalesAU$2.21m
Market CapAU$34.09m

Price to Sales Ratio vs Peers

How does IXRR.F's PS Ratio compare to its peers?

The above table shows the PS ratio for IXRR.F vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average7.3x
VITF.F Victoria Gold
0.08x-123.7%US$23.4m
DYNR DynaResource
0.8xn/aUS$29.4m
AGDX.F Antioquia Gold
0.3xn/aUS$21.7m
GROY Gold Royalty
27.9x35.9%US$216.7m
IXRR.F Ionic Rare Earths
15.4x77.7%US$34.1m

Price-To-Sales vs Peers: IXRR.F is expensive based on its Price-To-Sales Ratio (15.4x) compared to the peer average (7.3x).

Price to Sales Ratio vs Industry

How does IXRR.F's PS Ratio compare vs other companies in the US Metals and Mining Industry?

26 CompaniesPrice / SalesEstimated GrowthMarket Cap
TX Ternium
0.3x2.8%US$6.50b
CLF Cleveland-Cliffs
0.3x4.3%US$6.00b
ARNC Arconic
0.4x5.8%US$3.01b
CSTM Constellium
0.3x9.3%US$1.79b
IXRR.F 15.4xIndustry Avg. 1.2xNo. of Companies26PS0246810+
26 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: IXRR.F is expensive based on its Price-To-Sales Ratio (15.4x) compared to the US Metals and Mining industry average (1.2x).

Price to Sales Ratio vs Fair Ratio

What is IXRR.F's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

IXRR.F PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio15.4x
Fair PS Ration/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate IXRR.F's Price-To-Sales Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst IXRR.F forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$0.0031
US$0.07
+2,141.9%
6.5%US$0.074US$0.065n/a2
Nov ’25US$0.0031
US$0.07
+2,141.9%
6.5%US$0.074US$0.065n/a2
Oct ’25n/a
US$0.07
0%
6.5%US$0.074US$0.065n/a2
Sep ’25n/a
US$0.064
0%
2.4%US$0.065US$0.062n/a2
Aug ’25n/a
US$0.064
0%
2.4%US$0.065US$0.062n/a2
Jun ’25US$0.011
US$0.054
+393.9%
27.8%US$0.065US$0.033n/a3
May ’25US$0.015
US$0.053
+255.5%
27.1%US$0.065US$0.033n/a3
Apr ’25US$0.016
US$0.053
+233.3%
27.1%US$0.065US$0.033n/a3
Mar ’25n/a
US$0.053
0%
26.9%US$0.065US$0.033n/a3
Feb ’25US$0.02
US$0.049
+146.6%
29.2%US$0.068US$0.033n/a3
Jan ’25US$0.025
US$0.049
+97.3%
29.2%US$0.068US$0.033n/a3
Dec ’24n/a
US$0.048
0%
33.3%US$0.064US$0.032n/a2
Nov ’24n/a
US$0.048
0%
33.3%US$0.064US$0.032US$0.00312
Oct ’24n/a
US$0.048
0%
33.3%US$0.064US$0.032n/a2

Analyst Forecast: Target price is more than 20% higher than the current share price, but there are not enough analysts covering the stock to determine statistical confidence in agreement.

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