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IGO · ASX

IGO Limited (ASX:IGO)

AU$5.72

 0.16 (2.878%)
ASX:Live
26/07/2024 04:10:15 PM
Recent Price downgrade HALO Ords HALO 50 HALO 200 HALO 100 +5
Consensus Score
/10
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IGO Overview

IGO Health Scores

Short Term

Mean Reversion

Neutral

Trend

Neutral

Event

Neutral

Halo Model

MQV

Very Strong

GARP

Strong

MQV Small

Neutral

Valuation

Value

Consensus

Momentum

Price

Strong

Earnings

Neutral

Growth

Earnings

Strong

Dividends

Very Strong

Quality

Capital Efficiency

Weak

Balance Sheet

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$4.20B

PE

7.30

EV/EBITDA

5.3

Dividends Overview

DIV Yield

2.5%

Franking

100%

Ex Dividend Date (est.)

N/A

Market Data

52 weeks range

Low 5.43 - 14.9

Trade Value (12mth)

AU$10,667,641.00

1 week

-5.92%

1 month

-5.92%

YTD

-38.9%

1 year

-61.36%

All time high

17.32

Key Fundamentals

EPS 3 yr Growth

179.000%

EBITDA Margin

41.00%

Operating Cashflow

$1,387m

Free Cash Flow Return

33.80%

ROIC

13.40%

Interest Coverage

10.50

Quick Ratio

2.40

Other Data

Shares on Issue (Fully Dilluted)

759m

HALO Sector

Mining

Next Company Report Date

29-Aug-24

Ex Dividend Date (est.)

N/A

Next Dividend Pay Date (est.)

N/A

Reporting Currency

AUD

Short Sell (% of issue)

1.08

IGO Announcements

Latest Announcements

Date Announcements

23 July 24

June 2024 Quarter Results Webcast

×

June 2024 Quarter Results Webcast

16 July 24

Impairment of Exploration Assets

×

Impairment of Exploration Assets

12 July 24

Appointment of Company Secretary

×

Appointment of Company Secretary

04 July 24

Notification of cessation of securities - IGO

×

Notification of cessation of securities - IGO

01 July 24

Appendix 3X

×

Appendix 3X

01 July 24

2024 ESG Roadshow Presentation

×

2024 ESG Roadshow Presentation

28 June 24

Lithium Business - Dividend Update

×

Lithium Business - Dividend Update

21 June 24

RRL: Update on Tropicana Gold Mine Royalty Claim

×

RRL: Update on Tropicana Gold Mine Royalty Claim

21 June 24

Tropicana Gold Mine Royalty Claim

×

Tropicana Gold Mine Royalty Claim

20 June 24

Appointment of Director

×

Appointment of Director

13 June 24

Refinancing of Talison Debt Facility

×

Refinancing of Talison Debt Facility

06 June 24

Change in substantial holding for BUX

×

Change in substantial holding for BUX

24 May 24

Executive Leadership Team Appointments

×

Executive Leadership Team Appointments

08 May 24

SGQ: Breakthrough Lithium Targets at Mt Alexander

×

SGQ: Breakthrough Lithium Targets at Mt Alexander

07 May 24

Change in substantial holding

×

Change in substantial holding

03 May 24

Notification regarding unquoted securities - IGO

×

Notification regarding unquoted securities - IGO

30 April 24

March 2024 Quarterly Activities Report

×

March 2024 Quarterly Activities Report

30 April 24

March 2024 Quarter Results Presentation

×

March 2024 Quarter Results Presentation

30 April 24

Notification of cessation of securities - IGO

×

Notification of cessation of securities - IGO

23 April 24

March 2024 Quarter Webcast

×

March 2024 Quarter Webcast

23 April 24

Ceasing to be a substantial holder from MUFG

×

Ceasing to be a substantial holder from MUFG

23 April 24

Change in substantial holding

×

Change in substantial holding

22 April 24

Ceasing to be a substantial holder

×

Ceasing to be a substantial holder

19 April 24

Becoming a substantial holder from MUFG

×

Becoming a substantial holder from MUFG

18 April 24

Becoming a substantial holder

×

Becoming a substantial holder

17 April 24

Change in substantial holding

×

Change in substantial holding

IGO Fundamentals

Per Share Records

Historical data

Forecast data

AUD 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026
Per Share, Growth & Valuations
EPS (Basic) $ Lock Lock Lock Lock 0.24 0.44 0.73 Lock Lock Lock
EPS (Fully Diluted) $ Lock Lock Lock Lock 0.24 0.44 0.72 Lock Lock Lock
     Growth % Lock Lock Lock Lock -7.1 81.0 65.9 Lock Lock Lock
     PE X Lock Lock Lock Lock 44.0 18.5 7.3 Lock Lock Lock
     EV/EBITDA X Lock Lock Lock Lock 14.6 11.9 5.3 Lock Lock Lock
CFPS $ Lock Lock Lock Lock 0.36 0.57 2.05 Lock Lock Lock
FCFPS $ Lock Lock Lock Lock 0.48 0.31 1.19 Lock Lock Lock
     Growth % Lock Lock Lock Lock -51.2 59.2 261.5 Lock Lock Lock
     Yield % Lock Lock Lock Lock 6.4 3.1 7.8 Lock Lock Lock
DPS $ Lock Lock Lock Lock 0.10 0.10 0.58 Lock Lock Lock
     Growth % Lock Lock Lock Lock -8.2 0.0 480.0 Lock Lock Lock
     Yield % Lock Lock Lock Lock 0.6 1.1 2.5 Lock Lock Lock
     Payout Ratio % Lock Lock Lock Lock 41 23 80 Lock Lock Lock
BPS $ Lock Lock Lock Lock 4.23 4.54 5.01 Lock Lock Lock
BPS (Tangible) $ Lock Lock Lock Lock 4.23 4.54 5.01 Lock Lock Lock
     Growth % Lock Lock Lock Lock 31.0 7.4 10.4 Lock Lock Lock
Shares Outstanding
Diluted m Lock Lock Lock Lock 681 760 760 Lock Lock Lock
Basic m Lock Lock Lock Lock 679 757 757 Lock Lock Lock

Financial Records

Historical data

Forecast data

AUD 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026
Income Statement
Sales $m Lock Lock Lock Lock 620 845 1,050 Lock Lock Lock
     Growth % Lock Lock Lock Lock 6.8 36.4 24.2 Lock Lock Lock
Selling & General Expenses $m Lock Lock Lock Lock 30 30 63 Lock Lock Lock
Gross Income $m Lock Lock Lock Lock 152 327 203 Lock Lock Lock
     Growth % Lock Lock Lock Lock 44.3 115.7 -37.9 Lock Lock Lock
     Margin % Lock Lock Lock Lock 24.5 38.7 19.4 Lock Lock Lock
Cost of Goods Sold to Sales % Lock Lock Lock Lock 76 61 81 Lock Lock Lock
EBITDA $m Lock Lock Lock Lock 298 474 430 Lock Lock Lock
     Growth % Lock Lock Lock Lock 21.5 59.1 -9.2 Lock Lock Lock
     Margin % Lock Lock Lock Lock 48.0 56.0 41.0 Lock Lock Lock
Depreciation & Amortisation $m Lock Lock Lock Lock 176 176 290 Lock Lock Lock
EBIT $m Lock Lock Lock Lock 122 297 140 Lock Lock Lock
     Growth % Lock Lock Lock Lock 66.0 144.2 -52.9 Lock Lock Lock
     Margin % Lock Lock Lock Lock 19.6 35.2 13.3 Lock Lock Lock
Pretax Income $m Lock Lock Lock Lock 157 287 -923 Lock Lock Lock
Income Taxes $m Lock Lock Lock Lock 40 133 131 Lock Lock Lock
Net Income $m Lock Lock Lock Lock 164 331 549 Lock Lock Lock
     Growth % Lock Lock Lock Lock 5.6 102.0 65.9 Lock Lock Lock
     Margin % Lock Lock Lock Lock 26.4 39.2 52.3 Lock Lock Lock
Cash Flow Statement
Net Operating Cash Flow $m Lock Lock Lock Lock 446 388 1,387 Lock Lock Lock
Capital Expenditures $m Lock Lock Lock Lock 95 88 338 Lock Lock Lock
Net Investing Cash Flow $m Lock Lock Lock Lock -1,065 -1,281 -294 Lock Lock Lock
Net Financing Cash Flow $m Lock Lock Lock Lock 633 762 -727 Lock Lock Lock
Free Cash Flow $m Lock Lock Lock Lock 360 351 1,050 Lock Lock Lock
     Growth % Lock Lock Lock Lock 15.0 -2.5 199.0 Lock Lock Lock
     Margin % Lock Lock Lock Lock 0.6 0.4 1.0 Lock Lock Lock
Franking Balance $m Lock Lock Lock Lock 140 226 730 Lock Lock Lock
Balance Sheet
Cash & Short-Term Investments $m Lock Lock Lock Lock 639 494 838 Lock Lock Lock
Total Assets $m Lock Lock Lock Lock 3,609 4,845 4,738 Lock Lock Lock
Long Term Debt $m Lock Lock Lock Lock 21 751 225 Lock Lock Lock
Net Debt $m Lock Lock Lock Lock -614 454 -406 Lock Lock Lock
Total Liabilities $m Lock Lock Lock Lock 409 1,410 948 Lock Lock Lock
Equity $m Lock Lock Lock Lock 3,200 3,435 3,790 Lock Lock Lock
Invested Capital Lock Lock Lock Lock 3,221 4,186 4,015 Lock Lock Lock
     Growth % Lock Lock Lock Lock 64.4 30.0 -4.1 Lock Lock Lock
Return Ratios
Return on Assets % Lock Lock Lock Lock 4.5 6.8 11.6 Lock Lock Lock
Return on Equity % Lock Lock Lock Lock 5.1 9.6 14.5 Lock Lock Lock
Return on Total Capital % Lock Lock Lock Lock 4.6 7.8 3.3 Lock Lock Lock
Return on Invested Capital % Lock Lock Lock Lock 4.5 8.9 13.4 Lock Lock Lock
Cash Flow Return on Invested Capital % Lock Lock Lock Lock 17.2 10.5 33.8 Lock Lock Lock

Ratios Records

Historical data

Forecast data

AUD 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026
Leverage
Interest Cover X Lock Lock Lock Lock 11.4 89.4 10.5 Lock Lock Lock
Debt to EBITDA X Lock Lock Lock Lock -2.1 1.0 -0.9 Lock Lock Lock
Net Debt to Equity % Lock Lock Lock Lock -19.2 13.2 -10.7 Lock Lock Lock
Liquidity
Current Ratio X Lock Lock Lock Lock 3.3 1.7 2.8 Lock Lock Lock
Quick Ratio X Lock Lock Lock Lock 3.1 1.5 2.4 Lock Lock Lock
Cash & ST Inv/Current Assets % Lock Lock Lock Lock 84.3 66.3 73.5 Lock Lock Lock
CFO/Current Liabilities % Lock Lock Lock Lock 191.9 88.3 338.3 Lock Lock Lock
Balance Sheet Efficiency
Receivables Turnover X Lock Lock Lock Lock 8.5 8.8 7.8 Lock Lock Lock
Inventory Turnover X Lock Lock Lock Lock 8.5 8.9 7.7 Lock Lock Lock
Working Capital Turnover X Lock Lock Lock Lock 1.2 2.8 1.4 Lock Lock Lock
Payables Turnover X Lock Lock Lock Lock 7.6 17.7 15.3 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 25.3 33.9 -87.9 Lock Lock Lock
= Pretax Return on Assets % Lock Lock Lock Lock 4.3 5.9 -19.5 Lock Lock Lock
x Tax Rate Complement (1-Tax Rate) % Lock Lock Lock Lock 25.4 46.2 0.0 Lock Lock Lock
Return on Assets % Lock Lock Lock Lock 4.5 6.8 11.6 Lock Lock Lock
x Equity Multiplier (Assets/Equity) % Lock Lock Lock Lock 1.1 1.4 1.3 Lock Lock Lock
Return on Equity % Lock Lock Lock Lock 5.1 9.6 14.5 Lock Lock Lock
x Earnings Retention (1-Payout) % Lock Lock Lock Lock 58.6 77.1 20.0 Lock Lock Lock
= Reinvestment Rate (%) % Lock Lock Lock Lock 3.0 7.4 2.9 Lock Lock Lock
Operating Cycle
Days of Inventory on Hand Days Lock Lock Lock Lock 42.8 41.1 47.1 Lock Lock Lock
+ Days of Sales Outstanding Days Lock Lock Lock Lock 42.8 41.6 46.9 Lock Lock Lock
Operating Cycle Days Lock Lock Lock Lock 85.5 82.6 94.1 Lock Lock Lock
- Days of Payables Outstanding Days Lock Lock Lock Lock 42.9 63.3 62.8 Lock Lock Lock
Net Operating Cycle Days Lock Lock Lock Lock 42.6 19.3 31.2 Lock Lock Lock

Dividends

Key Stats

Ex Dividend Date (est.)

N/A

DIV Yield

2.5%

Franking Level

100%

DPSg

480.00%

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

1.08%

Value ($M)

48

Prior Change

-0.10%

7 Day Change

-0.20%

1 Month Change

0.30%

3 Month Change

0.40%

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IGO Shortsell

Frequently Asked Questions

The current share price of IGO Limited (IGO:ASX) is AU$5.72.
The 52-week high share price for IGO Limited (IGO:ASX) is AU$14.90.
The 52-week low share price for IGO Limited (IGO:ASX)? is AU$5.43.
The current TTM dividend payout for IGO Limited (IGO:ASX) is 2.50.
The last dividend payment of IGO Limited (IGO:ASX) is AU$0.11.
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 7.30.
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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.