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

TSX:IVN - Toronto Stock Exchange - CA46579R1047 - Common Stock - Currency: CAD

16.2  +0.09 (+0.56%)

Fundamental Rating

4

We assign a fundamental rating of 4 out of 10 to IVN. IVN was compared to 832 industry peers in the Metals & Mining industry. IVN has only an average score on both its financial health and profitability. IVN is not valued too expensively and it also shows a decent growth rate.


Dividend Valuation Growth Profitability Health

5

1. Profitability

1.1 Basic Checks

IVN had positive earnings in the past year.
In the past year IVN has reported a negative cash flow from operations.
IVN had positive earnings in 4 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 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 200M -200M 400M -400M 600M

1.2 Ratios

IVN's Return On Assets of 2.79% is amongst the best of the industry. IVN outperforms 88.89% of its industry peers.
IVN has a Return On Equity of 3.18%. This is amongst the best in the industry. IVN outperforms 88.62% of its industry peers.
With an excellent Return On Invested Capital value of 2.00%, IVN belongs to the best of the industry, outperforming 88.75% of the companies in the same industry.
Industry RankSector Rank
ROA 2.79%
ROE 3.18%
ROIC 2%
ROA(3y)6.15%
ROA(5y)3.68%
ROE(3y)8.28%
ROE(5y)4.96%
ROIC(3y)N/A
ROIC(5y)N/A
IVN.CA Yearly ROA, ROE, ROICIVN.CA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 20 40 60

1.3 Margins

IVN has a better Profit Margin (58.50%) than 99.06% of its industry peers.
The Operating Margin of IVN (55.91%) is better than 99.33% of its industry peers.
Industry RankSector Rank
OM 55.91%
PM (TTM) 58.5%
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
IVN.CA Yearly Profit, Operating, Gross MarginsIVN.CA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 50 100 150

4

2. Health

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
The number of shares outstanding for IVN has been increased compared to 5 years ago.
Compared to 1 year ago, IVN has an improved debt to assets ratio.
IVN.CA Yearly Shares OutstandingIVN.CA Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 200M 400M 600M 800M 1B
IVN.CA Yearly Total Debt VS Total AssetsIVN.CA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 1B 2B 3B 4B 5B

2.2 Solvency

IVN has an Altman-Z score of 13.83. This indicates that IVN is financially healthy and has little risk of bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 13.83, IVN is in the better half of the industry, outperforming 77.78% of the companies in the same industry.
IVN has a Debt/Equity ratio of 0.04. This is a healthy value indicating a solid balance between debt and equity.
Looking at the Debt to Equity ratio, with a value of 0.04, IVN is doing worse than 61.58% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.04
Debt/FCF N/A
Altman-Z 13.83
ROIC/WACC0.21
WACC9.54%
IVN.CA Yearly LT Debt VS Equity VS FCFIVN.CA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 1B 2B 3B

2.3 Liquidity

A Current Ratio of 1.36 indicates that IVN should not have too much problems paying its short term obligations.
IVN's Current ratio of 1.36 is in line compared to the rest of the industry. IVN outperforms 42.44% of its industry peers.
IVN has a Quick Ratio of 1.15. This is a normal value and indicates that IVN is financially healthy and should not expect problems in meeting its short term obligations.
IVN has a Quick ratio (1.15) which is comparable to the rest of the industry.
Industry RankSector Rank
Current Ratio 1.36
Quick Ratio 1.15
IVN.CA Yearly Current Assets VS Current LiabilitesIVN.CA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 200M 400M 600M 800M

5

3. Growth

3.1 Past

The Earnings Per Share has grown by an nice 8.00% over the past year.
IVN shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 55.18% yearly.
IVN shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 8.12%.
EPS 1Y (TTM)8%
EPS 3YN/A
EPS 5Y55.18%
EPS Q2Q%12.5%
Revenue 1Y (TTM)8.12%
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%N/A

3.2 Future

The Earnings Per Share is expected to grow by 29.14% on average over the next years. This is a very strong growth
IVN is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 16.42% yearly.
EPS Next Y12.89%
EPS Next 2Y38.79%
EPS Next 3Y31.95%
EPS Next 5Y29.14%
Revenue Next Year-81.61%
Revenue Next 2Y10.19%
Revenue Next 3Y19.88%
Revenue Next 5Y16.42%

3.3 Evolution

Although the future EPS growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
IVN.CA Yearly Revenue VS EstimatesIVN.CA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 200M 400M 600M 800M
IVN.CA Yearly EPS VS EstimatesIVN.CA Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 0 0.2 -0.2 0.4 0.6 0.8

4

4. Valuation

4.1 Price/Earnings Ratio

A Price/Earnings ratio of 41.54 indicates a quite expensive valuation of IVN.
Based on the Price/Earnings ratio, IVN is valued cheaply inside the industry as 87.28% of the companies are valued more expensively.
IVN's Price/Earnings ratio indicates a valuation a bit more expensive than the S&P500 average which is at 28.12.
The Price/Forward Earnings ratio is 21.71, which indicates a rather expensive current valuation of IVN.
88.62% of the companies in the same industry are more expensive than IVN, based on the Price/Forward Earnings ratio.
IVN is valuated cheaply when we compare the Price/Forward Earnings ratio to 94.77, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 41.54
Fwd PE 21.71
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 80

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 87.01% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 99.8
IVN.CA Per share dataIVN.CA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 1 2 3 4 5

4.3 Compensation for Growth

The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
A more expensive valuation may be justified as IVN's earnings are expected to grow with 31.95% in the coming years.
PEG (NY)3.22
PEG (5Y)0.75
EPS Next 2Y38.79%
EPS Next 3Y31.95%

0

5. Dividend

5.1 Amount

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

IVANHOE MINES LTD-CL A

TSX:IVN (2/7/2025, 7:00:00 PM)

16.2

+0.09 (+0.56%)

Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)10-30 2024-10-30/bmo
Earnings (Next)02-19 2025-02-19/amc
Inst Owners34.49%
Inst Owner ChangeN/A
Ins Owners7.16%
Ins Owner ChangeN/A
Market Cap21.89B
Analysts85.56
Price Target25.35 (56.48%)
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)0
Avg EPS beat(2)-20.48%
Min EPS beat(2)-35.38%
Max EPS beat(2)-5.58%
EPS beat(4)1
Avg EPS beat(4)-13.45%
Min EPS beat(4)-42.81%
Max EPS beat(4)29.96%
EPS beat(8)1
Avg EPS beat(8)-25.47%
EPS beat(12)2
Avg EPS beat(12)-19.72%
EPS beat(16)4
Avg EPS beat(16)-53.47%
Revenue beat(2)0
Avg Revenue beat(2)-78.37%
Min Revenue beat(2)-81.15%
Max Revenue beat(2)-75.59%
Revenue beat(4)0
Avg Revenue beat(4)-87.28%
Min Revenue beat(4)-100%
Max Revenue beat(4)-75.59%
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)-2.25%
PT rev (3m)-3.18%
EPS NQ rev (1m)-33.47%
EPS NQ rev (3m)-33.16%
EPS NY rev (1m)-10.03%
EPS NY rev (3m)-6.86%
Revenue NQ rev (1m)-62.12%
Revenue NQ rev (3m)-26.64%
Revenue NY rev (1m)6.16%
Revenue NY rev (3m)-49.38%
Valuation
Industry RankSector Rank
PE 41.54
Fwd PE 21.71
P/S 57.03
P/FCF N/A
P/OCF N/A
P/B 3.1
P/tB 3.11
EV/EBITDA 99.8
EPS(TTM)0.39
EY2.41%
EPS(NY)0.75
Fwd EY4.61%
FCF(TTM)-0.64
FCFYN/A
OCF(TTM)-0.07
OCFYN/A
SpS0.28
BVpS5.23
TBVpS5.21
PEG (NY)3.22
PEG (5Y)0.75
Profitability
Industry RankSector Rank
ROA 2.79%
ROE 3.18%
ROCE 2.78%
ROIC 2%
ROICexc 2.06%
ROICexgc 2.07%
OM 55.91%
PM (TTM) 58.5%
GM N/A
FCFM N/A
ROA(3y)6.15%
ROA(5y)3.68%
ROE(3y)8.28%
ROE(5y)4.96%
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-Score3
Asset Turnover0.05
Health
Industry RankSector Rank
Debt/Equity 0.04
Debt/FCF N/A
Debt/EBITDA 1.22
Cap/Depr 16552.2%
Cap/Sales 200.38%
Interest Coverage 13.47
Cash Conversion N/A
Profit Quality N/A
Current Ratio 1.36
Quick Ratio 1.15
Altman-Z 13.83
F-Score3
WACC9.54%
ROIC/WACC0.21
Cap/Depr(3y)7277.38%
Cap/Depr(5y)6747.2%
Cap/Sales(3y)95.35%
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)8%
EPS 3YN/A
EPS 5Y55.18%
EPS Q2Q%12.5%
EPS Next Y12.89%
EPS Next 2Y38.79%
EPS Next 3Y31.95%
EPS Next 5Y29.14%
Revenue 1Y (TTM)8.12%
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%N/A
Revenue Next Year-81.61%
Revenue Next 2Y10.19%
Revenue Next 3Y19.88%
Revenue Next 5Y16.42%
EBIT growth 1Y276.66%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year1303.61%
EBIT Next 3Y232.24%
EBIT Next 5Y114.12%
FCF growth 1Y-592.49%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-128.65%
OCF growth 3YN/A
OCF growth 5YN/A