IAMGOLD CORP (IAG) Stock Fundamental Analysis
NYSE:IAG - New York Stock Exchange, Inc. - CA4509131088 - Common Stock - Currency: USD
Taking everything into account, IAG scores 5 out of 10 in our fundamental rating. IAG was compared to 154 industry peers in the Metals & Mining industry. IAG has an excellent profitability rating, but there are concerns on its financial health. An interesting combination arises when we look at growth and value: IAG is growing strongly while it also seems undervalued.
1. Profitability
1.1 Basic Checks
IAG had positive earnings in the past year.
IAG had a positive operating cash flow in the past year.
The reported net income has been mixed in the past 5 years: IAG reported negative net income in multiple years.
In the past 5 years IAG always reported a positive cash flow from operatings.
1.2 Ratios
IAG's Return On Assets of 14.93% is amongst the best of the industry. IAG outperforms 94.16% of its industry peers.
IAG has a Return On Equity of 23.71%. This is amongst the best in the industry. IAG outperforms 94.81% of its industry peers.
Looking at the Return On Invested Capital, with a value of 8.53%, IAG is in the better half of the industry, outperforming 77.92% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for IAG is significantly below the industry average of 8.83%.
The 3 year average ROIC (3.41%) for IAG is below the current ROIC(8.53%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 14.93% | ||
| ROE | 23.71% | ||
| ROIC | 8.53% |
ROA(3y)5.25%
ROA(5y)2.07%
ROE(3y)8.52%
ROE(5y)3.18%
ROIC(3y)3.41%
ROIC(5y)N/A
1.3 Margins
IAG has a Profit Margin of 45.42%. This is amongst the best in the industry. IAG outperforms 98.05% of its industry peers.
IAG's Operating Margin of 29.03% is amongst the best of the industry. IAG outperforms 85.71% of its industry peers.
Looking at the Gross Margin, with a value of 33.05%, IAG is in the better half of the industry, outperforming 72.73% of the companies in the same industry.
In the last couple of years the Gross Margin of IAG has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 29.03% | ||
| PM (TTM) | 45.42% | ||
| GM | 33.05% |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y67.98%
GM growth 5Y38.81%
2. Health
2.1 Basic Checks
IAG has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
Compared to 1 year ago, IAG has more shares outstanding
IAG has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, IAG has a worse debt to assets ratio.
2.2 Solvency
An Altman-Z score of 1.92 indicates that IAG is not a great score, but indicates only limited risk for bankruptcy at the moment.
The Altman-Z score of IAG (1.92) is comparable to the rest of the industry.
IAG has a debt to FCF ratio of 86.36. This is a negative value and a sign of low solvency as IAG would need 86.36 years to pay back of all of its debts.
IAG has a Debt to FCF ratio (86.36) which is comparable to the rest of the industry.
A Debt/Equity ratio of 0.33 indicates that IAG is not too dependend on debt financing.
IAG's Debt to Equity ratio of 0.33 is on the low side compared to the rest of the industry. IAG is outperformed by 64.29% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.33 | ||
| Debt/FCF | 86.36 | ||
| Altman-Z | 1.92 |
ROIC/WACC0.97
WACC8.75%
2.3 Liquidity
IAG has a Current Ratio of 1.41. This is a normal value and indicates that IAG is financially healthy and should not expect problems in meeting its short term obligations.
The Current ratio of IAG (1.41) is worse than 74.03% of its industry peers.
IAG has a Quick Ratio of 1.41. This is a bad value and indicates that IAG is not financially healthy enough and could expect problems in meeting its short term obligations.
With a Quick ratio value of 0.83, IAG is not doing good in the industry: 74.68% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.41 | ||
| Quick Ratio | 0.83 |
3. Growth
3.1 Past
IAG shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 260.00%, which is quite impressive.
The Earnings Per Share has been growing by 122.40% on average over the past years. This is a very strong growth
Looking at the last year, IAG shows a very strong growth in Revenue. The Revenue has grown by 61.05%.
The Revenue has been growing by 8.92% on average over the past years. This is quite good.
EPS 1Y (TTM)260%
EPS 3Y122.4%
EPS 5YN/A
EPS Q2Q%-9.09%
Revenue 1Y (TTM)61.05%
Revenue growth 3Y23.1%
Revenue growth 5Y8.92%
Sales Q2Q%40.78%
3.2 Future
Based on estimates for the next years, IAG will show a decrease in Earnings Per Share. The EPS will decrease by -5.98% on average per year.
The Revenue is expected to grow by 14.07% on average over the next years. This is quite good.
EPS Next Y39.33%
EPS Next 2Y24.94%
EPS Next 3Y14.77%
EPS Next 5Y-5.98%
Revenue Next Year46.81%
Revenue Next 2Y26.4%
Revenue Next 3Y14.07%
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
IAG is valuated correctly with a Price/Earnings ratio of 12.17.
Compared to the rest of the industry, the Price/Earnings ratio of IAG indicates a rather cheap valuation: IAG is cheaper than 90.26% of the companies listed in the same industry.
IAG is valuated cheaply when we compare the Price/Earnings ratio to 25.91, which is the current average of the S&P500 Index.
Based on the Price/Forward Earnings ratio of 7.65, the valuation of IAG can be described as very cheap.
Compared to the rest of the industry, the Price/Forward Earnings ratio of IAG indicates a rather cheap valuation: IAG is cheaper than 85.06% of the companies listed in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 21.85. IAG is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.17 | ||
| Fwd PE | 7.65 |
4.2 Price Multiples
85.71% of the companies in the same industry are more expensive than IAG, based on the Enterprise Value to EBITDA ratio.
IAG's Price/Free Cash Flow ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 284.07 | ||
| EV/EBITDA | 5.78 |
4.3 Compensation for Growth
The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
The decent profitability rating of IAG may justify a higher PE ratio.
IAG's earnings are expected to grow with 14.77% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.31
PEG (5Y)N/A
EPS Next 2Y24.94%
EPS Next 3Y14.77%
5. Dividend
5.1 Amount
No dividends for IAG!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
6.57
-0.09 (-1.35%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)
Earnings (Next)
Inst Owners66.11%
Inst Owner Change3.31%
Ins Owners0.09%
Ins Owner ChangeN/A
Market Cap3.78B
Analysts75.71
Price Target9.81 (49.32%)
Short Float %1.33%
Short Ratio0.5
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-5.39%
Min EPS beat(2)-20.79%
Max EPS beat(2)10.01%
EPS beat(4)3
Avg EPS beat(4)36.36%
Min EPS beat(4)-20.79%
Max EPS beat(4)80.22%
EPS beat(8)7
Avg EPS beat(8)95.93%
EPS beat(12)8
Avg EPS beat(12)-88.71%
EPS beat(16)10
Avg EPS beat(16)-86.77%
Revenue beat(2)0
Avg Revenue beat(2)-7.17%
Min Revenue beat(2)-9.35%
Max Revenue beat(2)-4.99%
Revenue beat(4)1
Avg Revenue beat(4)-3.08%
Min Revenue beat(4)-9.35%
Max Revenue beat(4)3.02%
Revenue beat(8)4
Avg Revenue beat(8)1.13%
Revenue beat(12)6
Avg Revenue beat(12)13.73%
Revenue beat(16)7
Avg Revenue beat(16)4.26%
PT rev (1m)23.41%
PT rev (3m)36.35%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-35.72%
EPS NY rev (1m)0%
EPS NY rev (3m)-3.55%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)7.93%
Revenue NY rev (3m)6.37%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.17 | ||
| Fwd PE | 7.65 | ||
| P/S | 2.13 | ||
| P/FCF | 284.07 | ||
| P/OCF | 7.81 | ||
| P/B | 1.11 | ||
| P/tB | 1.11 | ||
| EV/EBITDA | 5.78 |
EPS(TTM)0.54
EY8.22%
EPS(NY)0.86
Fwd EY13.07%
FCF(TTM)0.02
FCFY0.35%
OCF(TTM)0.84
OCFY12.8%
SpS3.08
BVpS5.9
TBVpS5.9
PEG (NY)0.31
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 14.93% | ||
| ROE | 23.71% | ||
| ROCE | 10.48% | ||
| ROIC | 8.53% | ||
| ROICexc | 9.12% | ||
| ROICexgc | 9.12% | ||
| OM | 29.03% | ||
| PM (TTM) | 45.42% | ||
| GM | 33.05% | ||
| FCFM | 0.75% |
ROA(3y)5.25%
ROA(5y)2.07%
ROE(3y)8.52%
ROE(5y)3.18%
ROIC(3y)3.41%
ROIC(5y)N/A
ROICexc(3y)3.46%
ROICexc(5y)N/A
ROICexgc(3y)3.46%
ROICexgc(5y)N/A
ROCE(3y)4.18%
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y67.98%
GM growth 5Y38.81%
F-Score6
Asset Turnover0.33
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.33 | ||
| Debt/FCF | 86.36 | ||
| Debt/EBITDA | 1.39 | ||
| Cap/Depr | 160.77% | ||
| Cap/Sales | 26.56% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 59.96% | ||
| Profit Quality | 1.65% | ||
| Current Ratio | 1.41 | ||
| Quick Ratio | 0.83 | ||
| Altman-Z | 1.92 |
F-Score6
WACC8.75%
ROIC/WACC0.97
Cap/Depr(3y)306.69%
Cap/Depr(5y)241.59%
Cap/Sales(3y)67.93%
Cap/Sales(5y)59.72%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)260%
EPS 3Y122.4%
EPS 5YN/A
EPS Q2Q%-9.09%
EPS Next Y39.33%
EPS Next 2Y24.94%
EPS Next 3Y14.77%
EPS Next 5Y-5.98%
Revenue 1Y (TTM)61.05%
Revenue growth 3Y23.1%
Revenue growth 5Y8.92%
Sales Q2Q%40.78%
Revenue Next Year46.81%
Revenue Next 2Y26.4%
Revenue Next 3Y14.07%
Revenue Next 5YN/A
EBIT growth 1Y415.13%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year39.38%
EBIT Next 3Y14.61%
EBIT Next 5Y1.83%
FCF growth 1Y102.48%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y90.73%
OCF growth 3Y19.51%
OCF growth 5Y6.03%