IGO Limited

$ 8.17 -5.44 %

IGO Limited is an Australian exploration and mining firm dedicated to discovering, developing, and operating mineral assets essential for clean energy technologies. The company holds outright ownership and management of several key Western Australian operations, including the Nova nickel-copper-cobalt mine, situated northeast of Norseman in the Great Western Woodlands; the Cosmos nickel mine, located north of Leinster; and the Forrestania nickel mine, positioned east of Perth. Furthermore, IGO strategically invests in lithium mining ventures and fully controls a downstream processing facility at Kwinana, Western Australia, which refines lithium into battery-grade hydroxide. Its comprehensive portfolio also encompasses a range of other exploration and development projects, such as Fraser Range, Kimberley, Paterson, Copper Coast, Frontier, Raptor, and Western Gawler. Established in 2000 and headquartered in Perth, Australia, the company previously operated under the name Independence Group NL before adopting IGO Limited in January 2020.

CEO: Ivan Vella - https://www.igo.com.au

Price objectif

-

Recommandation

Buy

DCF

$ 0.15

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IGO.AX vs S&P500

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Quick ratio

3.51

suggests a healthy liquidity position, showing that the company can likely meet its short-term obligations.

P/E ratio

-30.26

may indicate that the company is undervalued or has poor growth prospects.

EPS

-0.27

is the net profit of a company divided by the number of outstanding shares, indicating the profit earned per share.

ROE

-9.95 %

indicates low profitability, suggesting that the company is not using equity efficiently to generate profits.

ROIC

-8.61 %

does not generate enough return to cover its financing costs, which indicates value destruction and may pose long-term profitability issues.

WACC

7.07

is a company's average cost of capital, weighted by the proportion of debt and equity in its financing. It represents the minimum return the company must generate to satisfy its investors.

Debt-to-Equity Ratio

0.01

indicates that the company uses more equity than debt, suggesting prudent management.

Free cash flow per share

0.09

is a measure of a company's financial flexibility that is determined by dividing free cash flow by the total number of shares outstanding.

Dividend payout ratio

0.00 %

the dividend payout ratio is the measure of dividends paid out to shareholders relative to the company's net income.

Earnings per share

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Financials

Piotroski score
4 indicates moderate financial health
Altman score
14.34 indicates good financial health and low risk of bankruptcy
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Cash / Debt

Cash Ratio
2.17 indicates that the company has sufficient cash to cover its short-term debts
Debt Ratio
0.01 indicates that the company uses little debt to finance its assets, suggesting good financial stability
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Free Cash Flow

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Earnings Per Share (annual)

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Sales

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