IVANHOE MINES LTD. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 18.6 CAD | -0.32% |
|
+1.47% | +44.75% |
| 05-01 | Ivanhoe Mines Price Target Raised to $22 at RBC, Viewed as "Attractive Takeout Candidate" | MT |
| 04-30 | TSX loses monthly winning streak as US rate cut prospects ebb | RE |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 3,904 | 6,490 | 9,873 | 9,456 | 12,295 | 16,945 | - | - |
| Enterprise Value (EV) 1 | 3,252 | 6,278 | 9,755 | 9,379 | 12,357 | 17,463 | 17,632 | 18,507 |
| P/E ratio | 163 x | -269 x | 163 x | 23.9 x | 37.3 x | 44.8 x | 19.1 x | 19.4 x |
| Yield | - | - | - | - | - | - | - | - |
| Capitalization / Revenue | - | - | - | - | - | 126 x | 39.5 x | 21.2 x |
| EV / Revenue | - | - | - | - | - | 130 x | 41.1 x | 23.1 x |
| EV / EBITDA | -119 x | -72.5 x | -95.7 x | -107 x | -132 x | 23 x | 10.1 x | 8.03 x |
| EV / FCF | -25.7 x | -61.3 x | -163 x | 509 x | -24.3 x | -27.8 x | 36.1 x | 19.4 x |
| FCF Yield | -3.89% | -1.63% | -0.62% | 0.2% | -4.12% | -3.6% | 2.77% | 5.15% |
| Price to Book | - | - | - | - | 3.33 x | 3.69 x | 3.2 x | 2.78 x |
| Nbr of stocks (in thousands) | 1,194,039 | 1,204,944 | 1,209,590 | 1,198,288 | 1,268,519 | 1,253,572 | - | - |
| Reference price 2 | 3.270 | 5.386 | 8.162 | 7.891 | 9.693 | 13.52 | 13.52 | 13.52 |
| Announcement Date | 09/03/20 | 08/03/21 | 08/03/22 | 13/03/23 | 26/02/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | - | - | - | - | - | 134.1 | 429.4 | 800.6 |
| EBITDA 1 | -27.42 | -86.55 | -102 | -87.51 | -93.46 | 760.5 | 1,743 | 2,304 |
| EBIT 1 | -28.44 | -94.41 | -110.6 | -92.84 | -95.76 | -116 | -77.99 | 61 |
| Operating Margin | - | - | - | - | - | -86.47% | -18.16% | 7.62% |
| Earnings before Tax (EBT) 1 | 11.77 | -38.09 | -29.62 | 320.7 | 295.3 | 407.2 | 1,132 | 1,134 |
| Net income 1 | 19.22 | -19.88 | 55.24 | 410.9 | 318.9 | 308.2 | 923.9 | 1,020 |
| Net margin | - | - | - | - | - | 229.79% | 215.14% | 127.44% |
| EPS 2 | 0.0200 | -0.0200 | 0.0500 | 0.3300 | 0.2600 | 0.3020 | 0.7066 | 0.6950 |
| Free Cash Flow 1 | -126.6 | -102.3 | -60.03 | 18.43 | -509.5 | -628.5 | 488.3 | 953 |
| FCF margin | - | - | - | - | - | -468.52% | 113.72% | 119.04% |
| FCF Conversion (EBITDA) | - | - | - | - | - | - | 28.02% | 41.37% |
| FCF Conversion (Net income) | - | - | - | 4.49% | - | - | 52.86% | 93.41% |
| Dividend per Share 2 | - | - | - | - | - | - | - | - |
| Announcement Date | 09/03/20 | 08/03/21 | 08/03/22 | 13/03/23 | 26/02/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 | 2025 Q2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | - | - | - | - | - | - | - | - | - | - | 31.37 | 79.78 | 82.95 | - | - |
| EBITDA 1 | -31.77 | 63.5 | 214 | -18.94 | -23.46 | 161.8 | 172.2 | 151.9 | -30.58 | 119.1 | 165.6 | 239.4 | 306.6 | - | - |
| EBIT | -33.95 | -25.87 | -20.05 | -19.32 | -23.86 | -19.65 | -21.97 | -22.84 | -31.3 | 118.3 | - | - | - | - | - |
| Operating Margin | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Earnings before Tax (EBT) 1 | - | - | - | - | - | - | - | - | 21.86 | -69.41 | 123.2 | 166 | - | - | - |
| Net income 1 | 45.83 | 26.39 | 316.2 | 26.34 | 41.88 | 86.64 | 92.04 | 112.5 | 27.74 | -65.55 | 87.32 | 151.9 | 197.1 | - | - |
| Net margin | - | - | - | - | - | - | - | - | - | - | 278.32% | 190.33% | 237.61% | - | - |
| EPS 2 | 0.0400 | 0.0200 | 0.2600 | 0.0200 | 0.0300 | 0.0700 | 0.0700 | 0.0800 | 0.0200 | -0.0500 | 0.0650 | 0.0867 | 0.1300 | 0.1300 | 0.1300 |
| Dividend per Share 2 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 08/03/22 | 10/05/22 | 15/08/22 | 14/11/22 | 13/03/23 | 03/05/23 | 03/08/23 | 06/11/23 | 26/02/24 | 30/04/24 | - | - | - | - | - |
1USD in Million2USD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | 61.7 | 518 | 687 | 1,562 |
| Net Cash position 1 | 652 | 212 | 118 | 76.9 | - | - | - | - |
| Leverage (Debt/EBITDA) | - | - | - | - | -0.66 x | 0.6808 x | 0.3941 x | 0.6782 x |
| Free Cash Flow 1 | -127 | -102 | -60 | 18.4 | -509 | -629 | 488 | 953 |
| ROE (net income / shareholders' equity) | 0.88% | -0.81% | 2.24% | 15.1% | 9.62% | 10.2% | 18.9% | 15.1% |
| ROA (Net income/ Total Assets) | 0.89% | - | - | - | - | - | - | - |
| Assets 1 | 2,165 | - | - | - | - | - | - | - |
| Book Value Per Share 2 | - | - | - | - | 2.920 | 3.660 | 4.230 | 4.870 |
| Cash Flow per Share 2 | -0.0100 | -0.0500 | -0.0100 | 0.1400 | -0.0300 | 0.2500 | 0.4900 | 0.6100 |
| Capex 1 | 114 | 380 | 52 | 159 | 478 | 1,491 | 579 | 266 |
| Capex / Sales | - | - | - | - | - | 1,111.49% | 134.75% | 33.23% |
| Announcement Date | 09/03/20 | 08/03/21 | 08/03/22 | 13/03/23 | 26/02/24 | - | - | - |
1USD in Million2USD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Sell
Buy
Mean consensus
BUY
Number of Analysts
11
Last Close Price
13.52
USD
Average target price
14.86
USD
Spread / Average Target
+9.94%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +44.75% | 17.02B | |
| -15.80% | 142B | |
| -7.12% | 117B | |
| +4.22% | 49.79B | |
| +15.88% | 48.35B | |
| +33.69% | 40.02B | |
| +18.91% | 25.58B | |
| +34.23% | 21.61B | |
| +53.88% | 17.7B | |
| +6.01% | 10.52B |
- Stock Market
- Equities
- IVN Stock
- Financials Ivanhoe Mines Ltd.
