IVANHOE MINES LTD-CL A (IVN.CA) Fundamental Analysis & Valuation
TSX:IVN • CA46579R1047
13.17 CAD
-0.46 (-3.37%)
Last: Mar 6, 2026, 07:00 PM
This IVN.CA fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.
Overall IVN gets a fundamental rating of 5 out of 10. We evaluated IVN against 815 industry peers in the Metals & Mining industry. IVN has an average financial health and profitability rating. IVN is not overvalued while it is showing excellent growth. This is an interesting combination.
1. IVN.CA Profitability Analysis
1.1 Basic Checks
- In the past year IVN was profitable.
- IVN had a negative operating cash flow in the past year.
- IVN had positive earnings in each of the past 5 years.
- In the past 5 years IVN reported 4 times negative operating cash flow.
1.2 Ratios
- With an excellent Return On Assets value of 3.43%, IVN belongs to the best of the industry, outperforming 87.73% of the companies in the same industry.
- IVN has a Return On Equity of 4.43%. This is amongst the best in the industry. IVN outperforms 87.48% of its industry peers.
- IVN has a better Return On Invested Capital (0.88%) than 88.83% of its industry peers.
- Measured over the past 3 years, the Average Return On Invested Capital for IVN is significantly below the industry average of 12.69%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.43% | ||
| ROE | 4.43% | ||
| ROIC | 0.88% |
ROA(3y)4.59%
ROA(5y)5.17%
ROE(3y)5.88%
ROE(5y)6.77%
ROIC(3y)2.08%
ROIC(5y)N/A
1.3 Margins
- With an excellent Profit Margin value of 42.04%, IVN belongs to the best of the industry, outperforming 97.30% of the companies in the same industry.
- IVN's Profit Margin has declined in the last couple of years.
- IVN has a Operating Margin of 14.01%. This is amongst the best in the industry. IVN outperforms 90.80% of its industry peers.
- IVN's Operating Margin has declined in the last couple of years.
- IVN has a better Gross Margin (31.75%) than 90.80% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 14.01% | ||
| PM (TTM) | 42.04% | ||
| GM | 31.75% |
OM growth 3Y-39.82%
OM growth 5YN/A
PM growth 3Y-36.17%
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
2. IVN.CA Health Analysis
2.1 Basic Checks
- IVN has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
- The number of shares outstanding for IVN has been increased compared to 1 year ago.
- Compared to 5 years ago, IVN has more shares outstanding
- IVN has a worse debt/assets ratio than last year.
2.2 Solvency
- IVN has an Altman-Z score of 5.28. This indicates that IVN is financially healthy and has little risk of bankruptcy at the moment.
- IVN has a Altman-Z score of 5.28. This is comparable to the rest of the industry: IVN outperforms 53.50% of its industry peers.
- A Debt/Equity ratio of 0.16 indicates that IVN is not too dependend on debt financing.
- The Debt to Equity ratio of IVN (0.16) is worse than 64.66% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.16 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 5.28 |
ROIC/WACC0.09
WACC10.21%
2.3 Liquidity
- A Current Ratio of 2.23 indicates that IVN has no problem at all paying its short term obligations.
- IVN has a Current ratio of 2.23. This is comparable to the rest of the industry: IVN outperforms 53.74% of its industry peers.
- IVN has a Quick Ratio of 2.10. This indicates that IVN is financially healthy and has no problem in meeting its short term obligations.
- IVN has a Quick ratio (2.10) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.23 | ||
| Quick Ratio | 2.1 |
3. IVN.CA Growth Analysis
3.1 Past
- The earnings per share for IVN have decreased strongly by -34.48% in the last year.
- IVN shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -16.81% yearly.
- Looking at the last year, IVN shows a very strong growth in Revenue. The Revenue has grown by 87.01%.
- IVN shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 34.77% yearly.
EPS 1Y (TTM)-34.48%
EPS 3Y-16.81%
EPS 5YN/A
EPS Q2Q%-42.86%
Revenue 1Y (TTM)87.01%
Revenue growth 3Y34.77%
Revenue growth 5YN/A
Sales Q2Q%239.15%
3.2 Future
- Based on estimates for the next years, IVN will show a very strong growth in Earnings Per Share. The EPS will grow by 31.51% on average per year.
- Based on estimates for the next years, IVN will show a very strong growth in Revenue. The Revenue will grow by 28.84% on average per year.
EPS Next Y103.14%
EPS Next 2Y79.14%
EPS Next 3Y52.54%
EPS Next 5Y31.51%
Revenue Next Year70.09%
Revenue Next 2Y38.52%
Revenue Next 3Y37.7%
Revenue Next 5Y28.84%
3.3 Evolution
- The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
- The Revenue growth rate is stable: in the next years the growth will be about the same than in the last years.
4. IVN.CA Valuation Analysis
4.1 Price/Earnings Ratio
- With a Price/Earnings ratio of 50.65, IVN can be considered very expensive at the moment.
- Based on the Price/Earnings ratio, IVN is valued cheaply inside the industry as 87.73% of the companies are valued more expensively.
- When comparing the Price/Earnings ratio of IVN to the average of the S&P500 Index (26.29), we can say IVN is valued expensively.
- With a Price/Forward Earnings ratio of 25.00, IVN is valued on the expensive side.
- Based on the Price/Forward Earnings ratio, IVN is valued cheaply inside the industry as 88.83% of the companies are valued more expensively.
- Compared to an average S&P500 Price/Forward Earnings ratio of 24.60, IVN is valued at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 50.65 | ||
| Fwd PE | 25 |
4.2 Price Multiples
- Based on the Enterprise Value to EBITDA ratio, IVN is valued cheaply inside the industry as 88.71% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 86.3 |
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.
- IVN has a very decent profitability rating, which may justify a higher PE ratio.
- IVN's earnings are expected to grow with 52.54% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.49
PEG (5Y)N/A
EPS Next 2Y79.14%
EPS Next 3Y52.54%
5. IVN.CA Dividend Analysis
5.1 Amount
- IVN does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0% |
IVN.CA Fundamentals: All Metrics, Ratios and Statistics
TSX:IVN (3/6/2026, 7:00:00 PM)
13.17
-0.46 (-3.37%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)02-18 2026-02-18/amc
Earnings (Next)05-06 2026-05-06
Inst Owners35.96%
Inst Owner ChangeN/A
Ins Owners0.2%
Ins Owner ChangeN/A
Market Cap18.78B
Revenue(TTM)622.22M
Net Income(TTM)261.56M
Analysts80
Price Target20.09 (52.54%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector 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)2
Avg EPS beat(2)419.69%
Min EPS beat(2)9.71%
Max EPS beat(2)829.67%
EPS beat(4)3
Avg EPS beat(4)204.24%
Min EPS beat(4)-34.58%
Max EPS beat(4)829.67%
EPS beat(8)4
Avg EPS beat(8)98.74%
EPS beat(12)4
Avg EPS beat(12)55.1%
EPS beat(16)5
Avg EPS beat(16)38.37%
Revenue beat(2)0
Avg Revenue beat(2)-16.96%
Min Revenue beat(2)-26.14%
Max Revenue beat(2)-7.78%
Revenue beat(4)0
Avg Revenue beat(4)-17.22%
Min Revenue beat(4)-26.14%
Max Revenue beat(4)-7.78%
Revenue beat(8)0
Avg Revenue beat(8)-42.95%
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)2.9%
PT rev (3m)6.06%
EPS NQ rev (1m)7.21%
EPS NQ rev (3m)-11.82%
EPS NY rev (1m)0.52%
EPS NY rev (3m)-10.13%
Revenue NQ rev (1m)-14.58%
Revenue NQ rev (3m)-10.68%
Revenue NY rev (1m)5.92%
Revenue NY rev (3m)7.53%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 50.65 | ||
| Fwd PE | 25 | ||
| P/S | 22.11 | ||
| P/FCF | N/A | ||
| P/OCF | N/A | ||
| P/B | 2.33 | ||
| P/tB | 2.34 | ||
| EV/EBITDA | 86.3 |
EPS(TTM)0.26
EY1.97%
EPS(NY)0.53
Fwd EY4%
FCF(TTM)-0.45
FCFYN/A
OCF(TTM)-0.12
OCFYN/A
SpS0.6
BVpS5.65
TBVpS5.62
PEG (NY)0.49
PEG (5Y)N/A
Graham Number5.75
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.43% | ||
| ROE | 4.43% | ||
| ROCE | 1.22% | ||
| ROIC | 0.88% | ||
| ROICexc | 1% | ||
| ROICexgc | 1.01% | ||
| OM | 14.01% | ||
| PM (TTM) | 42.04% | ||
| GM | 31.75% | ||
| FCFM | N/A |
ROA(3y)4.59%
ROA(5y)5.17%
ROE(3y)5.88%
ROE(5y)6.77%
ROIC(3y)2.08%
ROIC(5y)N/A
ROICexc(3y)2.14%
ROICexc(5y)N/A
ROICexgc(3y)2.14%
ROICexgc(5y)N/A
ROCE(3y)2.89%
ROCE(5y)N/A
ROICexgc growth 3Y-34.32%
ROICexgc growth 5YN/A
ROICexc growth 3Y-34.42%
ROICexc growth 5YN/A
OM growth 3Y-39.82%
OM growth 5YN/A
PM growth 3Y-36.17%
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
F-Score3
Asset Turnover0.08
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.16 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 5.67 | ||
| Cap/Depr | 451.44% | ||
| Cap/Sales | 54.93% | ||
| Interest Coverage | 1.31 | ||
| Cash Conversion | N/A | ||
| Profit Quality | N/A | ||
| Current Ratio | 2.23 | ||
| Quick Ratio | 2.1 | ||
| Altman-Z | 5.28 |
F-Score3
WACC10.21%
ROIC/WACC0.09
Cap/Depr(3y)7177.49%
Cap/Depr(5y)4956.75%
Cap/Sales(3y)125.54%
Cap/Sales(5y)97.75%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-34.48%
EPS 3Y-16.81%
EPS 5YN/A
EPS Q2Q%-42.86%
EPS Next Y103.14%
EPS Next 2Y79.14%
EPS Next 3Y52.54%
EPS Next 5Y31.51%
Revenue 1Y (TTM)87.01%
Revenue growth 3Y34.77%
Revenue growth 5YN/A
Sales Q2Q%239.15%
Revenue Next Year70.09%
Revenue Next 2Y38.52%
Revenue Next 3Y37.7%
Revenue Next 5Y28.84%
EBIT growth 1Y-45.13%
EBIT growth 3Y-18.89%
EBIT growth 5YN/A
EBIT Next Year243.43%
EBIT Next 3Y75.65%
EBIT Next 5Y44.17%
FCF growth 1Y27.15%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y16.39%
OCF growth 3YN/A
OCF growth 5YN/A
IVANHOE MINES LTD-CL A / IVN.CA FAQ
What is the ChartMill fundamental rating of IVANHOE MINES LTD-CL A (IVN.CA) stock?
ChartMill assigns a fundamental rating of 5 / 10 to IVN.CA.
What is the valuation status for IVN stock?
ChartMill assigns a valuation rating of 5 / 10 to IVANHOE MINES LTD-CL A (IVN.CA). This can be considered as Fairly Valued.
How profitable is IVANHOE MINES LTD-CL A (IVN.CA) stock?
IVANHOE MINES LTD-CL A (IVN.CA) has a profitability rating of 6 / 10.
What is the valuation of IVANHOE MINES LTD-CL A based on its PE and PB ratios?
The Price/Earnings (PE) ratio for IVANHOE MINES LTD-CL A (IVN.CA) is 50.65 and the Price/Book (PB) ratio is 2.33.