IVANHOE MINES LTD. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 19.68 CAD | -0.46% |
|
+1.50% | +53.15% |
| May. 24 | Risk of Sharp Copper Price Correction "Very High," Macquarie Says | MT |
| May. 23 | Ivanhoe Mines Price Target Raised to $24 at Raymond James | MT |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 3,904 | 6,490 | 9,873 | 9,456 | 12,295 | 18,255 | - | - |
| Enterprise Value (EV) 1 | 3,252 | 6,278 | 9,755 | 9,379 | 12,357 | 18,750 | 18,762 | 18,127 |
| P/E ratio | 163 x | -269 x | 163 x | 23.9 x | 37.3 x | 78.9 x | 21.1 x | 17.1 x |
| Yield | - | - | - | - | - | - | - | - |
| Capitalization / Revenue | - | - | - | - | - | 130 x | 39.2 x | 22.5 x |
| EV / Revenue | - | - | - | - | - | 133 x | 40.3 x | 22.3 x |
| EV / EBITDA | -119 x | -72.5 x | -95.7 x | -107 x | -132 x | 22.2 x | 10.5 x | 8.38 x |
| EV / FCF | -25.7 x | -61.3 x | -163 x | 509 x | -24.3 x | -31.1 x | 30.7 x | 19 x |
| FCF Yield | -3.89% | -1.63% | -0.62% | 0.2% | -4.12% | -3.22% | 3.25% | 5.26% |
| Price to Book | - | - | - | - | 3.33 x | 4.01 x | 3.39 x | 2.84 x |
| Nbr of stocks (in thousands) | 1,194,039 | 1,204,944 | 1,209,590 | 1,198,288 | 1,268,519 | 1,265,538 | - | - |
| Reference price 2 | 3.270 | 5.386 | 8.162 | 7.891 | 9.693 | 14.42 | 14.42 | 14.42 |
| Announcement Date | 3/9/20 | 3/8/21 | 3/8/22 | 3/13/23 | 2/26/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | - | - | - | - | - | 140.8 | 465.2 | 812.8 |
| EBITDA 1 | -27.42 | -86.55 | -102 | -87.51 | -93.46 | 843.8 | 1,783 | 2,162 |
| EBIT 1 | -28.44 | -94.41 | -110.6 | -92.84 | -95.76 | 401.1 | 626.1 | 1,222 |
| Operating Margin | - | - | - | - | - | 284.93% | 134.59% | 150.35% |
| Earnings before Tax (EBT) 1 | 11.77 | -38.09 | -29.62 | 320.7 | 295.3 | 393.9 | 1,132 | 1,224 |
| Net income 1 | 19.22 | -19.88 | 55.24 | 410.9 | 318.9 | 220.7 | 867.4 | 1,142 |
| Net margin | - | - | - | - | - | 156.75% | 186.47% | 140.53% |
| EPS 2 | 0.0200 | -0.0200 | 0.0500 | 0.3300 | 0.2600 | 0.1827 | 0.6852 | 0.8426 |
| Free Cash Flow 1 | -126.6 | -102.3 | -60.03 | 18.43 | -509.5 | -603.5 | 610.4 | 953 |
| FCF margin | - | - | - | - | - | -428.68% | 131.22% | 117.25% |
| FCF Conversion (EBITDA) | - | - | - | - | - | - | 34.23% | 44.08% |
| FCF Conversion (Net income) | - | - | - | 4.49% | - | - | 70.37% | 83.44% |
| Dividend per Share 2 | - | - | - | - | - | - | - | - |
| Announcement Date | 3/9/20 | 3/8/21 | 3/8/22 | 3/13/23 | 2/26/24 | - | - | - |
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 | 76.22 | 78.5 | 150.3 | 150.6 |
| EBITDA 1 | -31.77 | 63.5 | 214 | -18.94 | -23.46 | 161.8 | 172.2 | 151.9 | -30.58 | 119.1 | 172.8 | 252.4 | 315.3 | 398.1 | 447 |
| EBIT 1 | -33.95 | -25.87 | -20.05 | -19.32 | -23.86 | -19.65 | -21.97 | -22.84 | -31.3 | 118.3 | -0.7 | 20.19 | 21.24 | 47.36 | 47.06 |
| Operating Margin | - | - | - | - | - | - | - | - | - | - | -2.23% | 26.49% | 27.05% | 31.52% | 31.25% |
| 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 | -8.596 | 139.8 | 167.9 | 200.1 | 242.3 |
| Net margin | - | - | - | - | - | - | - | - | - | - | -27.4% | 183.41% | 213.84% | 133.15% | 160.91% |
| EPS 2 | 0.0400 | 0.0200 | 0.2600 | 0.0200 | 0.0300 | 0.0700 | 0.0700 | 0.0800 | 0.0200 | -0.0500 | 0.0194 | 0.0937 | 0.1182 | 0.1260 | 0.1398 |
| Dividend per Share 2 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 3/8/22 | 5/10/22 | 8/15/22 | 11/14/22 | 3/13/23 | 5/3/23 | 8/3/23 | 11/6/23 | 2/26/24 | 4/30/24 | - | - | - | - | - |
1USD in Million2USD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | 61.7 | 495 | 507 | - |
| Net Cash position 1 | 652 | 212 | 118 | 76.9 | - | - | - | 128 |
| Leverage (Debt/EBITDA) | - | - | - | - | -0.66 x | 0.5866 x | 0.2845 x | - |
| Free Cash Flow 1 | -127 | -102 | -60 | 18.4 | -509 | -604 | 610 | 953 |
| ROE (net income / shareholders' equity) | 0.88% | -0.81% | 2.24% | 15.1% | 9.62% | 6.88% | 18.2% | 18% |
| ROA (Net income/ Total Assets) | 0.89% | - | - | - | - | - | - | - |
| Assets 1 | 2,165 | - | - | - | - | - | - | - |
| Book Value Per Share 2 | - | - | - | - | 2.920 | 3.600 | 4.250 | 5.070 |
| Cash Flow per Share 2 | -0.0100 | -0.0500 | -0.0100 | 0.1400 | -0.0300 | 0.1000 | 0.4900 | 0.7600 |
| Capex 1 | 114 | 380 | 52 | 159 | 478 | 860 | 506 | 299 |
| Capex / Sales | - | - | - | - | - | 610.59% | 108.72% | 36.75% |
| Announcement Date | 3/9/20 | 3/8/21 | 3/8/22 | 3/13/23 | 2/26/24 | - | - | - |
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
14
Last Close Price
14.42
USD
Average target price
16.22
USD
Spread / Average Target
+12.43%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +53.15% | 18.25B | |
| -11.70% | 150B | |
| -6.26% | 119B | |
| +1.83% | 74.34B | |
| +11.36% | 48.2B | |
| -4.84% | 45.45B | |
| +27.55% | 38.79B | |
| +116.04% | 34.78B | |
| +26.57% | 26.97B | |
| +74.05% | 20.02B |
- Stock Market
- Equities
- IVN Stock
- Financials Ivanhoe Mines Ltd.
