INDEPENDENCE GOLD CORP (IGO.CA) Fundamental Analysis & Valuation

TSX-V:IGO • CA45344A1075

0.1 CAD
0 (0%)
Last: Mar 6, 2026, 07:00 PM
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This IGO.CA fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

Fundamental Rating

2

Overall IGO gets a fundamental rating of 2 out of 10. We evaluated IGO against 815 industry peers in the Metals & Mining industry. The financial health of IGO is average, but there are quite some concerns on its profitability. IGO does not seem to be growing, but still is valued expensively.


Dividend Valuation Growth Profitability Health

0

1. IGO.CA Profitability Analysis

1.1 Basic Checks

  • IGO had negative earnings in the past year.
  • IGO had a negative operating cash flow in the past year.
  • In the past 5 years IGO always reported negative net income.
  • In the past 5 years IGO always reported negative operating cash flow.
IGO.CA Yearly Net Income VS EBIT VS OCF VS FCFIGO.CA Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 -2M -4M -6M -8M

1.2 Ratios

  • IGO has a worse Return On Assets (-78.85%) than 69.45% of its industry peers.
  • Looking at the Return On Equity, with a value of -83.67%, IGO is doing worse than 61.96% of the companies in the same industry.
Industry RankSector Rank
ROA -78.85%
ROE -83.67%
ROIC N/A
ROA(3y)-39.29%
ROA(5y)-50.73%
ROE(3y)-44.01%
ROE(5y)-56.93%
ROIC(3y)N/A
ROIC(5y)N/A
IGO.CA Yearly ROA, ROE, ROICIGO.CA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 -50 -100

1.3 Margins

  • The Profit Margin and Operating Margin and Gross Margin are not available for IGO so they could not be analyzed.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM N/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
IGO.CA Yearly Profit, Operating, Gross MarginsIGO.CA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024

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ROAROEROICOperating and Profit MarginShow most profitable peers

6

2. IGO.CA Health Analysis

2.1 Basic Checks

  • The number of shares outstanding for IGO has been increased compared to 1 year ago.
  • The number of shares outstanding for IGO has been increased compared to 5 years ago.
  • Compared to 1 year ago, IGO has an improved debt to assets ratio.
IGO.CA Yearly Shares OutstandingIGO.CA Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M 200M
IGO.CA Yearly Total Debt VS Total AssetsIGO.CA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 5M 10M 15M

2.2 Solvency

  • An Altman-Z score of 20.48 indicates that IGO is not in any danger for bankruptcy at the moment.
  • With a decent Altman-Z score value of 20.48, IGO is doing good in the industry, outperforming 71.17% of the companies in the same industry.
  • IGO has a Debt/Equity ratio of 0.01. This is a healthy value indicating a solid balance between debt and equity.
  • IGO has a Debt to Equity ratio of 0.01. This is comparable to the rest of the industry: IGO outperforms 48.10% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.01
Debt/FCF N/A
Altman-Z 20.48
ROIC/WACCN/A
WACCN/A
IGO.CA Yearly LT Debt VS Equity VS FCFIGO.CA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 5M 10M 15M

2.3 Liquidity

  • A Current Ratio of 9.47 indicates that IGO has no problem at all paying its short term obligations.
  • The Current ratio of IGO (9.47) is better than 84.17% of its industry peers.
  • IGO has a Quick Ratio of 9.47. This indicates that IGO is financially healthy and has no problem in meeting its short term obligations.
  • With an excellent Quick ratio value of 9.47, IGO belongs to the best of the industry, outperforming 84.29% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 9.47
Quick Ratio 9.47
IGO.CA Yearly Current Assets VS Current LiabilitesIGO.CA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2M 4M 6M 8M

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

0

3. IGO.CA Growth Analysis

3.1 Past

  • The earnings per share for IGO have decreased by -4.65% in the last year.
EPS 1Y (TTM)-4.65%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%4.17%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%N/A

3.2 Future

  • No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
  • No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
EPS Next YN/A
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next YearN/A
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

  • No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
  • No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
IGO.CA Yearly EPS VS EstimatesIGO.CA Yearly EPS VS EstimatesYearly EPS VS Estimates 2016 -0.02 -0.04 -0.06

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0

4. IGO.CA Valuation Analysis

4.1 Price/Earnings Ratio

  • The Price/Earnings Ratio is negative for IGO. In the last year negative earnings were reported.
Industry RankSector Rank
PE N/A
Fwd PE N/A
IGO.CA Price Earnings VS Forward Price EarningsIGO.CA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 0 0 0 0 0 0 0 0 0 0

4.2 Price Multiples

Industry RankSector Rank
P/FCF N/A
EV/EBITDA N/A
IGO.CA Per share dataIGO.CA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 0.02 -0.02

4.3 Compensation for Growth

PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2YN/A
EPS Next 3YN/A

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

0

5. IGO.CA Dividend Analysis

5.1 Amount

  • IGO does not give a dividend.
Industry RankSector Rank
Dividend Yield 0%

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IGO.CA Fundamentals: All Metrics, Ratios and Statistics

INDEPENDENCE GOLD CORP

TSX-V:IGO (3/6/2026, 7:00:00 PM)

0.1

0 (0%)

Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)11-10
Earnings (Next)04-20
Inst Owners0.12%
Inst Owner ChangeN/A
Ins Owners3.07%
Ins Owner ChangeN/A
Market Cap25.68M
Revenue(TTM)N/A
Net Income(TTM)-6.89M
Analysts86.67
Price TargetN/A
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 0%
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)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)N/A
PT rev (3m)N/A
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)N/A
EPS NY rev (3m)N/A
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)N/A
Revenue NY rev (3m)N/A
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S N/A
P/FCF N/A
P/OCF N/A
P/B 3.12
P/tB 3.12
EV/EBITDA N/A
EPS(TTM)-0.03
EYN/A
EPS(NY)N/A
Fwd EYN/A
FCF(TTM)-0.03
FCFYN/A
OCF(TTM)-0.03
OCFYN/A
SpS0
BVpS0.03
TBVpS0.03
PEG (NY)N/A
PEG (5Y)N/A
Graham NumberN/A
Profitability
Industry RankSector Rank
ROA -78.85%
ROE -83.67%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM N/A
FCFM N/A
ROA(3y)-39.29%
ROA(5y)-50.73%
ROE(3y)-44.01%
ROE(5y)-56.93%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc 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 3YN/A
GM growth 5YN/A
F-Score5
Asset Turnover0
Health
Industry RankSector Rank
Debt/Equity 0.01
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr N/A
Cap/Sales N/A
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 9.47
Quick Ratio 9.47
Altman-Z 20.48
F-Score5
WACCN/A
ROIC/WACCN/A
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-4.65%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%4.17%
EPS Next YN/A
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%N/A
Revenue Next YearN/A
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-56.11%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-201.53%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-201.46%
OCF growth 3YN/A
OCF growth 5YN/A

INDEPENDENCE GOLD CORP / IGO.CA FAQ

Can you provide the ChartMill fundamental rating for INDEPENDENCE GOLD CORP?

ChartMill assigns a fundamental rating of 2 / 10 to IGO.CA.


Can you provide the valuation status for INDEPENDENCE GOLD CORP?

ChartMill assigns a valuation rating of 0 / 10 to INDEPENDENCE GOLD CORP (IGO.CA). This can be considered as Overvalued.


What is the profitability of IGO stock?

INDEPENDENCE GOLD CORP (IGO.CA) has a profitability rating of 0 / 10.


What is the financial health of INDEPENDENCE GOLD CORP (IGO.CA) stock?

The financial health rating of INDEPENDENCE GOLD CORP (IGO.CA) is 6 / 10.