IGO · ASX

IGO Limited (ASX:IGO)

AU$4.8

 -0.1 (-2.041%)
ASX:Live
20/12/2024 04:10:10 PM
Short Term Trend - Short Recent Price downgrade Recent Earnings upgrade Near 52 Week Low HALO Ords +9
Consensus Score
/10
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IGO Overview

IGO Health Scores

Short Term

Mean Reversion

Neutral

Trend

Very Strong

Event

Very Weak

Halo Model

MQV

Very Strong

GARP

Very Strong

MQV Small

Neutral

Valuation

Value

Consensus

Momentum

Price

Strong

Earnings

Very Strong

Growth

Earnings

Weak

Dividends

Very Strong

Quality

Capital Efficiency

Strong

Balance Sheet

Very Weak

About IGO

Website

IGO Limited

Telephone

61.8.9238.8300

Address

Level 5, Suite 4 85 South Perth Esplanade South Shore Centre South Perth, Western Australia (WA) 6151

Description

IGO Ltd. is a mining and exploration company focused on metals critical to clean energy, primarily nickel, copper, cobalt and lithium. The company's operations include the Nova Nickel-Copper Cobalt Project, located east of Norseman in Western Australia, which is an underground mine and processing operation which supplies nickel and copper concentrates. IGO is also invested in a joint venture with Tianqi Lithium Corporation which holds interests in the Greenbushes Lithium Mine and a downstream lithium hydroxide refinery located in Kwinana, Western Australia. The company is also active in exploration for new nickel, copper and lithium deposits, with significant landholdings in Western Australia, Northern Territory, South Australia and also in Greenland. The company was founded in May 2000 and is headquartered in South Perth, Australia.

IGO Price Chart

Key Stats

Market Cap

AU$3.83B

PE

9.20

EV/EBITDA

6.0

Dividends Overview

DIV Yield

4.1%

Franking

100%

Ex Dividend Date (est.)

11-Sep-24

Market Data

52 weeks range

Low 4.71 - 9.25

Trade Value (12mth)

AU$8,149,855.00

1 week

-2.97%

1 month

-1.21%

YTD

-46.15%

1 year

-46.04%

All time high

17.32

Key Fundamentals

EPS 3 yr Growth

-98.50%

EBITDA Margin

5.30%

Operating Cashflow

$890m

Free Cash Flow Return

24.50%

ROIC

0.10%

Interest Coverage

2.60

Quick Ratio

4.90

Other Data

Shares on Issue (Fully Dilluted)

756m

HALO Sector

Mining

Next Company Report Date

27-Aug-25

Ex Dividend Date (est.)

11-Sep-24

Next Dividend Pay Date (est.)

26-Sep-24

Reporting Currency

AUD

Short Sell (% of issue)

2.89

IGO Announcements

Latest Announcements

Date Announcements

16 December 24

ENR: IGO Enters Joint Venture for Copper - Paterson Province

×

ENR: IGO Enters Joint Venture for Copper - Paterson Province

26 November 24

Notification regarding unquoted securities - IGO

×

Notification regarding unquoted securities - IGO

18 November 24

Notification of cessation of securities - IGO

×

Notification of cessation of securities - IGO

06 November 24

2024 AGM Presentation

×

2024 AGM Presentation

06 November 24

Chair's Address to Shareholders at 2024 AGM

×

Chair's Address to Shareholders at 2024 AGM

06 November 24

AGM Voting Results

×

AGM Voting Results

05 November 24

Change in substantial holding

×

Change in substantial holding

31 October 24

Greenbushes Chemical Grade Plant 3 Update

×

Greenbushes Chemical Grade Plant 3 Update

28 October 24

September 2024 Quarterly Report

×

September 2024 Quarterly Report

28 October 24

September 2024 Quarter Results Presentation

×

September 2024 Quarter Results Presentation

21 October 24

September 2024 Quarter Webcast

×

September 2024 Quarter Webcast

14 October 24

BUX: Copper Wolf Project - IGO Earns 51% & JV Established

×

BUX: Copper Wolf Project - IGO Earns 51% & JV Established

10 October 24

PRN: Barminco secures $157m contract extension at Nova

×

PRN: Barminco secures $157m contract extension at Nova

10 October 24

Becoming a substantial holder

×

Becoming a substantial holder

07 October 24

Notice of Annual General Meeting and Proxy Form

×

Notice of Annual General Meeting and Proxy Form

24 September 24

Becoming a substantial holder

×

Becoming a substantial holder

17 September 24

Notification regarding unquoted securities - IGO

×

Notification regarding unquoted securities - IGO

13 September 24

Notification of cessation of securities - IGO

×

Notification of cessation of securities - IGO

12 September 24

Strategy Day Presentation

×

Strategy Day Presentation

12 September 24

Notification regarding unquoted securities - IGO

×

Notification regarding unquoted securities - IGO

02 September 24

Strategy Day Notification

×

Strategy Day Notification

29 August 24

Appendix 4E

×

Appendix 4E

29 August 24

2024 Annual Report

×

2024 Annual Report

29 August 24

Dividend/Distribution - IGO

×

Dividend/Distribution - IGO

29 August 24

FY24 Financial Results

×

FY24 Financial Results

IGO Fundamentals

Per Share Records

Historical data

Forecast data

AUD 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027
Per Share, Growth & Valuations
EPS (Basic) $ Lock Lock Lock Lock 0.44 0.73 0.00 Lock Lock Lock
EPS (Fully Diluted) $ Lock Lock Lock Lock 0.44 0.72 0.00 Lock Lock Lock
     Growth % Lock Lock Lock Lock 81.0 65.9 -99.5 Lock Lock Lock
     PE X Lock Lock Lock Lock 18.5 7.3 9.2 Lock Lock Lock
     EV/EBITDA X Lock Lock Lock Lock 11.9 5.3 6.0 Lock Lock Lock
CFPS $ Lock Lock Lock Lock 0.57 2.05 1.24 Lock Lock Lock
FCFPS $ Lock Lock Lock Lock 0.31 1.19 0.21 Lock Lock Lock
     Growth % Lock Lock Lock Lock 59.2 261.5 -39.4 Lock Lock Lock
     Yield % Lock Lock Lock Lock 3.1 7.8 3.7 Lock Lock Lock
DPS $ Lock Lock Lock Lock 0.10 0.58 0.37 Lock Lock Lock
     Growth % Lock Lock Lock Lock 0.0 480.0 -36.2 Lock Lock Lock
     Yield % Lock Lock Lock Lock 1.1 2.5 4.1 Lock Lock Lock
     Payout Ratio % Lock Lock Lock Lock 23 80 200 Lock Lock Lock
BPS $ Lock Lock Lock Lock 4.54 5.01 4.24 Lock Lock Lock
BPS (Tangible) $ Lock Lock Lock Lock 4.54 5.01 4.24 Lock Lock Lock
     Growth % Lock Lock Lock Lock 7.4 10.4 -15.3 Lock Lock Lock
Shares Outstanding
Diluted m Lock Lock Lock Lock 760 760 760 Lock Lock Lock
Basic m Lock Lock Lock Lock 757 757 757 Lock Lock Lock

Financial Records

Historical data

Forecast data

AUD 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027
Income Statement
Sales $m Lock Lock Lock Lock 845 1,050 796 Lock Lock Lock
     Growth % Lock Lock Lock Lock 36.4 24.2 -24.1 Lock Lock Lock
Selling & General Expenses $m Lock Lock Lock Lock 30 63 60 Lock Lock Lock
Gross Income $m Lock Lock Lock Lock 327 203 -135 Lock Lock Lock
     Growth % Lock Lock Lock Lock 115.7 -37.9 -166.2 Lock Lock Lock
     Margin % Lock Lock Lock Lock 38.7 19.4 -16.9 Lock Lock Lock
Cost of Goods Sold to Sales % Lock Lock Lock Lock 61 81 117 Lock Lock Lock
EBITDA $m Lock Lock Lock Lock 474 430 42 Lock Lock Lock
     Growth % Lock Lock Lock Lock 59.1 -9.2 -90.2 Lock Lock Lock
     Margin % Lock Lock Lock Lock 56.0 41.0 5.3 Lock Lock Lock
Depreciation & Amortisation $m Lock Lock Lock Lock 176 290 226 Lock Lock Lock
EBIT $m Lock Lock Lock Lock 297 140 -184 Lock Lock Lock
     Growth % Lock Lock Lock Lock 144.2 -52.9 -231.1 Lock Lock Lock
     Margin % Lock Lock Lock Lock 35.2 13.3 -23.1 Lock Lock Lock
Pretax Income $m Lock Lock Lock Lock 287 -923 -647 Lock Lock Lock
Income Taxes $m Lock Lock Lock Lock 133 131 -97 Lock Lock Lock
Net Income $m Lock Lock Lock Lock 331 549 3 Lock Lock Lock
     Growth % Lock Lock Lock Lock 102.0 65.9 -99.5 Lock Lock Lock
     Margin % Lock Lock Lock Lock 39.2 52.3 0.4 Lock Lock Lock
Cash Flow Statement
Net Operating Cash Flow $m Lock Lock Lock Lock 388 1,387 890 Lock Lock Lock
Capital Expenditures $m Lock Lock Lock Lock 88 338 199 Lock Lock Lock
Net Investing Cash Flow $m Lock Lock Lock Lock -1,281 -294 -240 Lock Lock Lock
Net Financing Cash Flow $m Lock Lock Lock Lock 762 -727 -944 Lock Lock Lock
Free Cash Flow $m Lock Lock Lock Lock 351 1,050 694 Lock Lock Lock
     Growth % Lock Lock Lock Lock -2.5 199.0 -33.8 Lock Lock Lock
     Margin % Lock Lock Lock Lock 0.4 1.0 0.9 Lock Lock Lock
Franking Balance $m Lock Lock Lock Lock 256 730 796 Lock Lock Lock
Balance Sheet
Cash & Short-Term Investments $m Lock Lock Lock Lock 494 838 530 Lock Lock Lock
Total Assets $m Lock Lock Lock Lock 4,863 4,738 3,567 Lock Lock Lock
Long Term Debt $m Lock Lock Lock Lock 756 225 26 Lock Lock Lock
Net Debt $m Lock Lock Lock Lock 465 -406 -482 Lock Lock Lock
Total Liabilities $m Lock Lock Lock Lock 1,428 948 358 Lock Lock Lock
Equity $m Lock Lock Lock Lock 3,435 3,790 3,209 Lock Lock Lock
Invested Capital Lock Lock Lock Lock 4,192 4,015 3,236 Lock Lock Lock
     Growth % Lock Lock Lock Lock 30.2 -4.2 -19.4 Lock Lock Lock
Return Ratios
Return on Assets % Lock Lock Lock Lock 6.8 11.6 0.1 Lock Lock Lock
Return on Equity % Lock Lock Lock Lock 9.6 14.5 0.1 Lock Lock Lock
Return on Total Capital % Lock Lock Lock Lock 7.8 3.3 -4.9 Lock Lock Lock
Return on Invested Capital % Lock Lock Lock Lock 8.9 13.4 0.1 Lock Lock Lock
Cash Flow Return on Invested Capital % Lock Lock Lock Lock 10.5 33.8 24.5 Lock Lock Lock

Ratios Records

Historical data

Forecast data

AUD 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027
Leverage
Interest Cover X Lock Lock Lock Lock 89.4 10.5 2.6 Lock Lock Lock
Debt to EBITDA X Lock Lock Lock Lock 1.0 -0.9 -11.4 Lock Lock Lock
Net Debt to Equity % Lock Lock Lock Lock 13.5 -10.7 -15.0 Lock Lock Lock
Liquidity
Current Ratio X Lock Lock Lock Lock 1.6 2.8 5.9 Lock Lock Lock
Quick Ratio X Lock Lock Lock Lock 1.5 2.4 4.9 Lock Lock Lock
Cash & ST Inv/Current Assets % Lock Lock Lock Lock 66.3 73.5 69.9 Lock Lock Lock
CFO/Current Liabilities % Lock Lock Lock Lock 85.8 338.3 686.0 Lock Lock Lock
Balance Sheet Efficiency
Receivables Turnover X Lock Lock Lock Lock 8.8 7.8 6.6 Lock Lock Lock
Inventory Turnover X Lock Lock Lock Lock 8.9 7.7 7.3 Lock Lock Lock
Working Capital Turnover X Lock Lock Lock Lock 2.9 1.4 1.3 Lock Lock Lock
Payables Turnover X Lock Lock Lock Lock 17.7 15.3 8.6 Lock Lock Lock
Asset Turnover X Lock Lock Lock Lock 0.2 0.2 0.2 Lock Lock Lock
Du Pont
Asset Turnover X Lock Lock Lock Lock 0.2 0.2 0.2 Lock Lock Lock
x Pretax Margin % Lock Lock Lock Lock 33.9 -87.9 -81.2 Lock Lock Lock
= Pretax Return on Assets % Lock Lock Lock Lock 5.9 -19.5 -18.1 Lock Lock Lock
x Tax Rate Complement (1-Tax Rate) % Lock Lock Lock Lock 46.2 0.0 0.0 Lock Lock Lock
Return on Assets % Lock Lock Lock Lock 6.8 11.6 0.1 Lock Lock Lock
x Equity Multiplier (Assets/Equity) % Lock Lock Lock Lock 1.4 1.3 1.1 Lock Lock Lock
Return on Equity % Lock Lock Lock Lock 9.6 14.5 0.1 Lock Lock Lock
x Earnings Retention (1-Payout) % Lock Lock Lock Lock 77.1 20.0 -9,900.0 Lock Lock Lock
= Reinvestment Rate (%) % Lock Lock Lock Lock 7.4 2.9 -8.6 Lock Lock Lock
Operating Cycle
Days of Inventory on Hand Days Lock Lock Lock Lock 41.0 47.1 50.2 Lock Lock Lock
+ Days of Sales Outstanding Days Lock Lock Lock Lock 41.6 46.9 55.3 Lock Lock Lock
Operating Cycle Days Lock Lock Lock Lock 82.6 94.1 105.6 Lock Lock Lock
- Days of Payables Outstanding Days Lock Lock Lock Lock 69.2 62.8 45.8 Lock Lock Lock
Net Operating Cycle Days Lock Lock Lock Lock 13.4 31.2 59.8 Lock Lock Lock

Dividends

Key Stats

Ex Dividend Date (est.)

11-Sep-24

DIV Yield

4.1%

Franking Level

100%

DPSg

-36.20%

Quality Yield

Lock

Falling Divs over next 2

Lock

Expected Dividend Cashflow

Dividend Clarity,
Enhanced
Strategy

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Values and Recommendations

Key Stats

Consensus Score

Lock

Recommendation

Lock

EPS 1 month Change

Lock

Quality Yield

Lock

Falling Divs over next 2

Lock

Halo Consensus Score

Lock Chart

PEG Ratio

Lock Chart

Consensus EPS Revisions

Lock Chart

Short selling

Key Stats

Percent of Issue

2.89%

Value ($M)

110

Prior Change

0.10%

7 Day Change

0.30%

1 Month Change

0.30%

3 Month Change

-0.20%

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IGO Shortsell

Frequently Asked Questions

The current share price of IGO Limited (IGO:ASX) is AU$4.8.
The 52-week high share price for IGO Limited (IGO:ASX) is AU$9.25.
The 52-week low share price for IGO Limited (IGO:ASX)? is AU$4.71.
The current TTM dividend payout for IGO Limited (IGO:ASX) is 4.10.
The last dividend payment of IGO Limited (IGO:ASX) is AU$0.26.
IGO Limited (IGO:ASX) has a franking level of 100.0%.
IGO Limited (IGO:ASX) is classified in the Mining.
The current P/E ratio for IGO Limited (IGO:ASX) is 9.20.
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HALO Technologies Pty Ltd ABN 54 623 830 866 is a Corporate Authorised Representative No 1261916 of Macrovue Pty Ltd ABN 98 600 022 679 AFSL 484264. Macrovue Pty Ltd is a wholly owned subsidiary of HALO Technologies Pty Ltd.