Ionic Rare Earths Limited

OTCPK:IXRR.F Stock Report

Market Cap: US$19.1m

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 ($0.01) is trading below our estimate of fair value ($0.76)

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 Ratio13.9x
SalesAU$2.21m
Market CapAU$30.71m

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 Average0.3x
VITF.F Victoria Gold
0.08x-123.7%US$23.4m
AGDX.F Antioquia Gold
0.2xn/aUS$16.3m
DYNR DynaResource
0.7xn/aUS$25.0m
GORO Gold Resource
0.3x13.5%US$22.6m
IXRR.F Ionic Rare Earths
13.9x80.0%US$30.7m

Price-To-Sales vs Peers: IXRR.F is expensive based on its Price-To-Sales Ratio (13.9x) compared to the peer average (0.3x).

Price to Sales Ratio vs Industry

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

31 CompaniesPrice / SalesEstimated GrowthMarket Cap
X United States Steel
0.4x2.7%US$6.86b
TX Ternium
0.3x2.7%US$5.72b
CLF Cleveland-Cliffs
0.2x4.8%US$4.69b
ARNC Arconic
0.4x5.8%US$3.01b
IXRR.F 13.9xIndustry Avg. 1.2xNo. of Companies31PS0246810+
31 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: IXRR.F is expensive based on its Price-To-Sales Ratio (13.9x) 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 Ratio13.9x
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
Currentn/a
US$0.076
0%
2.6%US$0.078US$0.074n/a2
Dec ’25US$0.0031
US$0.076
+2,351.6%
2.6%US$0.078US$0.074n/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$0.033US$0.00833
Dec ’24n/a
US$0.048
0%
33.3%US$0.064US$0.032US$0.00312
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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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/05 12:37
End of Day Share Price 2024/12/26 00:00
Earnings2024/06/30
Annual Earnings2024/06/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Ionic Rare Earths Limited is covered by 3 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
null nullACF Equity Research Limited
Michael BentleyMST Financial Services Pty Limited
Justin ChanSCP Resource Finance LP