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INDEPENDENCE GOLD CORP (IGO.CA) Stock Fundamental Analysis

TSX-V:IGO - CA45344A1075 - Common Stock

0.135 CAD
-0.01 (-3.57%)
Last: 8/29/2025, 7:00:00 PM
Fundamental Rating

1

Overall IGO gets a fundamental rating of 1 out of 10. We evaluated IGO against 803 industry peers in the Metals & Mining industry. The financial health of IGO is average, but there are quite some concerns on its profitability. IGO is valued expensive and it does not seem to be growing.


Dividend Valuation Growth Profitability Health

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0

1. Profitability

1.1 Basic Checks

In the past year IGO has reported negative net income.
In the past year IGO has reported a negative cash flow from operations.
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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 -2M -4M -6M -8M

1.2 Ratios

Looking at the Return On Assets, with a value of -59.67%, IGO is doing worse than 66.00% of the companies in the same industry.
With a Return On Equity value of -66.97%, IGO perfoms like the industry average, outperforming 40.35% of the companies in the same industry.
Industry RankSector Rank
ROA -59.67%
ROE -66.97%
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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 -50 -100

1.3 Margins

IGO does not have Profit Margin and Operating Margin and Gross Margin available, so we won't be analyzing them here.
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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024

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5

2. Health

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 2015 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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 5M 10M 15M

2.2 Solvency

An Altman-Z score of 6.81 indicates that IGO is not in any danger for bankruptcy at the moment.
IGO has a better Altman-Z score (6.81) than 66.13% of its industry peers.
A Debt/Equity ratio of 0.01 indicates that IGO is not too dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.01, IGO is in line with its industry, outperforming 47.20% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.01
Debt/FCF N/A
Altman-Z 6.81
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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 5M 10M 15M

2.3 Liquidity

A Current Ratio of 6.25 indicates that IGO has no problem at all paying its short term obligations.
IGO's Current ratio of 6.25 is fine compared to the rest of the industry. IGO outperforms 78.58% of its industry peers.
A Quick Ratio of 6.25 indicates that IGO has no problem at all paying its short term obligations.
IGO has a Quick ratio of 6.25. This is in the better half of the industry: IGO outperforms 78.58% of its industry peers.
Industry RankSector Rank
Current Ratio 6.25
Quick Ratio 6.25
IGO.CA Yearly Current Assets VS Current LiabilitesIGO.CA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2M 4M 6M 8M

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0

3. Growth

3.1 Past

IGO shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -74.55%.
EPS 1Y (TTM)-74.55%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-245.16%
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. Valuation

4.1 Price/Earnings Ratio

IGO reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
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 0.04

4.3 Compensation for Growth

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

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0

5. Dividend

5.1 Amount

No dividends for IGO!.
Industry RankSector Rank
Dividend Yield N/A

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INDEPENDENCE GOLD CORP

TSX-V:IGO (8/29/2025, 7:00:00 PM)

0.135

-0.01 (-3.57%)

Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)08-18 2025-08-18
Earnings (Next)11-25 2025-11-25
Inst Owners0.86%
Inst Owner ChangeN/A
Ins Owners3.17%
Ins Owner ChangeN/A
Market Cap30.33M
Analysts86.67
Price TargetN/A
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector 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)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 2.77
P/tB 2.77
EV/EBITDA N/A
EPS(TTM)-0.04
EYN/A
EPS(NY)N/A
Fwd EYN/A
FCF(TTM)-0.03
FCFYN/A
OCF(TTM)-0.03
OCFYN/A
SpS0
BVpS0.05
TBVpS0.05
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -59.67%
ROE -66.97%
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
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 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 62.99%
Cap/Sales N/A
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 6.25
Quick Ratio 6.25
Altman-Z 6.81
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)-74.55%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-245.16%
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-153.88%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-260.78%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-261.33%
OCF growth 3YN/A
OCF growth 5YN/A