IVANHOE MINES LTD-CL A (IVN.CA) Fundamental Analysis & Valuation

TSX:IVN • CA46579R1047

Current stock price

12 CAD
+0.5 (+4.35%)
Last:

This IVN.CA fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

6

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.
  • IVN had negative operating cash flow in 4 of the past 5 years.
IVN.CA Yearly Net Income VS EBIT VS OCF VS FCFIVN.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 2025 0 200M -200M 400M -400M -600M

1.2 Ratios

  • With an excellent Return On Assets value of 3.43%, IVN belongs to the best of the industry, outperforming 87.55% of the companies in the same industry.
  • The Return On Equity of IVN (4.43%) is better than 87.17% of its industry peers.
  • With an excellent Return On Invested Capital value of 0.88%, IVN belongs to the best of the industry, outperforming 88.18% of the companies in the same industry.
  • The Average Return On Invested Capital over the past 3 years for IVN is significantly below the industry average of 13.12%.
Industry RankSector 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
IVN.CA Yearly ROA, ROE, ROICIVN.CA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 5 10

1.3 Margins

  • IVN has a Profit Margin of 42.04%. This is amongst the best in the industry. IVN outperforms 97.23% of its industry peers.
  • In the last couple of years the Profit Margin of IVN has declined.
  • IVN has a better Operating Margin (14.01%) than 90.31% of its industry peers.
  • In the last couple of years the Operating Margin of IVN has declined.
  • The Gross Margin of IVN (31.75%) is better than 90.06% of its industry peers.
Industry RankSector 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
IVN.CA Yearly Profit, Operating, Gross MarginsIVN.CA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 50 100 150

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4

2. IVN.CA Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), IVN is destroying value.
  • Compared to 1 year ago, IVN has more shares outstanding
  • Compared to 5 years ago, IVN has more shares outstanding
  • Compared to 1 year ago, IVN has a worse debt to assets ratio.
IVN.CA Yearly Shares OutstandingIVN.CA Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B
IVN.CA Yearly Total Debt VS Total AssetsIVN.CA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B

2.2 Solvency

  • IVN has an Altman-Z score of 4.62. This indicates that IVN is financially healthy and has little risk of bankruptcy at the moment.
  • IVN has a Altman-Z score of 4.62. This is comparable to the rest of the industry: IVN outperforms 53.08% of its industry peers.
  • IVN has a Debt/Equity ratio of 0.16. This is a healthy value indicating a solid balance between debt and equity.
  • Looking at the Debt to Equity ratio, with a value of 0.16, IVN is doing worse than 66.42% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.16
Debt/FCF N/A
Altman-Z 4.62
ROIC/WACC0.07
WACC12.08%
IVN.CA Yearly LT Debt VS Equity VS FCFIVN.CA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 2B 4B

2.3 Liquidity

  • IVN has a Current Ratio of 2.23. This indicates that IVN is financially healthy and has no problem in meeting its short term obligations.
  • IVN has a Current ratio (2.23) which is in line with its industry peers.
  • A Quick Ratio of 2.10 indicates that IVN has no problem at all paying its short term obligations.
  • IVN has a Quick ratio (2.10) which is comparable to the rest of the industry.
Industry RankSector Rank
Current Ratio 2.23
Quick Ratio 2.1
IVN.CA Yearly Current Assets VS Current LiabilitesIVN.CA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M 800M 1B

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

8

3. IVN.CA Growth Analysis

3.1 Past

  • IVN shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -34.48%.
  • 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%.
  • The Revenue has been growing by 34.77% on average over the past years. This is a very strong growth!
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.
  • IVN is expected to show a strong growth in Revenue. In the coming years, the Revenue will grow by 28.84% yearly.
EPS Next Y73.73%
EPS Next 2Y56.93%
EPS Next 3Y49.11%
EPS Next 5Y31.51%
Revenue Next Year69.3%
Revenue Next 2Y40.55%
Revenue Next 3Y41.48%
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.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
IVN.CA Yearly Revenue VS EstimatesIVN.CA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 500M 1B 1.5B
IVN.CA Yearly EPS VS EstimatesIVN.CA Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 0 0.2 0.4 0.6

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5

4. IVN.CA Valuation Analysis

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 46.15, which means the current valuation is very expensive for IVN.
  • Based on the Price/Earnings ratio, IVN is valued cheaper than 87.42% of the companies in the same industry.
  • IVN's Price/Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 27.18.
  • A Price/Forward Earnings ratio of 26.30 indicates a quite expensive valuation of IVN.
  • Based on the Price/Forward Earnings ratio, IVN is valued cheaply inside the industry as 88.18% of the companies are valued more expensively.
  • When comparing the Price/Forward Earnings ratio of IVN to the average of the S&P500 Index (37.96), we can say IVN is valued slightly cheaper.
Industry RankSector Rank
PE 46.15
Fwd PE 26.3
IVN.CA Price Earnings VS Forward Price EarningsIVN.CA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60

4.2 Price Multiples

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of IVN indicates a rather cheap valuation: IVN is cheaper than 88.43% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 74.68
IVN.CA Per share dataIVN.CA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 2 4

4.3 Compensation for Growth

  • IVN's 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 49.11% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.63
PEG (5Y)N/A
EPS Next 2Y56.93%
EPS Next 3Y49.11%

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

0

5. IVN.CA Dividend Analysis

5.1 Amount

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

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IVN.CA Fundamentals: All Metrics, Ratios and Statistics

IVANHOE MINES LTD-CL A

TSX:IVN (4/13/2026, 7:00:00 PM)

12

+0.5 (+4.35%)

Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)02-18
Earnings (Next)05-06
Inst Owners35.4%
Inst Owner ChangeN/A
Ins Owners0.2%
Ins Owner ChangeN/A
Market Cap17.11B
Revenue(TTM)622.22M
Net Income(TTM)261.56M
Analysts80
Price Target15.88 (32.33%)
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)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)-20.92%
PT rev (3m)-14.28%
EPS NQ rev (1m)-8.21%
EPS NQ rev (3m)14.79%
EPS NY rev (1m)-14.48%
EPS NY rev (3m)-9.72%
Revenue NQ rev (1m)5.74%
Revenue NQ rev (3m)-9.68%
Revenue NY rev (1m)-0.46%
Revenue NY rev (3m)5.43%
Valuation
Industry RankSector Rank
PE 46.15
Fwd PE 26.3
P/S 19.9
P/FCF N/A
P/OCF N/A
P/B 2.1
P/tB 2.11
EV/EBITDA 74.68
EPS(TTM)0.26
EY2.17%
EPS(NY)0.46
Fwd EY3.8%
FCF(TTM)-0.45
FCFYN/A
OCF(TTM)-0.12
OCFYN/A
SpS0.6
BVpS5.72
TBVpS5.69
PEG (NY)0.63
PEG (5Y)N/A
Graham Number5.79
Profitability
Industry RankSector 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 RankSector 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 4.62
F-Score3
WACC12.08%
ROIC/WACC0.07
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 Y73.73%
EPS Next 2Y56.93%
EPS Next 3Y49.11%
EPS Next 5Y31.51%
Revenue 1Y (TTM)87.01%
Revenue growth 3Y34.77%
Revenue growth 5YN/A
Sales Q2Q%239.15%
Revenue Next Year69.3%
Revenue Next 2Y40.55%
Revenue Next 3Y41.48%
Revenue Next 5Y28.84%
EBIT growth 1Y-45.13%
EBIT growth 3Y-18.89%
EBIT growth 5YN/A
EBIT Next Year179.51%
EBIT Next 3Y75.12%
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 Fundamental Analysis 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.


What is the profitability of IVN stock?

IVANHOE MINES LTD-CL A (IVN.CA) has a profitability rating of 6 / 10.


Can you provide the financial health for IVN stock?

The financial health rating of IVANHOE MINES LTD-CL A (IVN.CA) is 4 / 10.