Financials Ivanhoe Mines Ltd.

Equities

IVN

CA46579R1047

Diversified Mining

Market Closed - Toronto Stock Exchange 04:00:00 2023-12-01 pm EST Intraday chart for Ivanhoe Mines Ltd. 5-day change 1st Jan Change
12.45 CAD +2.81% +11.16% +16.36%

Valuation

Fiscal Period : December 2018 2019 2020 2021 2022 2023 2024 2025
Capitalization 1 1 754 3 904 6 490 9 873 9 456 11 107 - -
Enterprise Value (EV) 1 1 212 3 252 6 278 9 755 9 379 11 900 12 389 13 264
P/E ratio 57,8x 163x -269x 163x 23,9x 28,4x 24,7x 13,5x
Yield - - - - - - - -
Capitalization / Revenue - - - - - - 164x 31,8x
EV / Revenue - - - - - - 183x 38,0x
EV / EBITDA -20,6x -119x -72,5x -95,7x -107x 18,7x 13,3x 7,93x
EV / FCF -8,50x -25,7x -61,3x -163x 509x -16,4x -37,8x 13,2x
FCF Yield -11,8% -3,89% -1,63% -0,62% 0,20% -6,08% -2,64% 7,58%
Price to Book 0,93x - - - - 3,38x 2,94x 2,52x
Nbr of stocks (in thousands) 1 010 608 1 194 039 1 204 944 1 209 590 1 198 288 1 204 484 - -
Reference price 2 1,74 3,27 5,39 8,16 7,89 9,22 9,22 9,22
Announcement Date 03/28/19 03/09/20 03/08/21 03/08/22 03/13/23 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period : December 2018 2019 2020 2021 2022 2023 2024 2025
Net sales 1 - - - - - - 67,8 349
EBITDA 1 -58,9 -27,4 -86,6 -102 -87,5 636 931 1 672
EBIT 1 -63,1 -28,4 -94,4 -111 -92,8 -82,4 -112 -54,0
Operating Margin - - - - - - -165% -15,5%
Earnings before Tax (EBT) 1 19,2 11,8 -38,1 -29,6 321 394 528 1 069
Net income 1 26,1 19,2 -19,9 55,2 411 407 455 862
Net margin - - - - - - 671% 247%
EPS 2 0,03 0,02 -0,02 0,05 0,33 0,32 0,37 0,68
Free Cash Flow 1 -143 -127 -102 -60,0 18,4 -724 -327 1 006
FCF margin - - - - - - -483% 288%
FCF Conversion (EBITDA) - - - - - - - 60,1%
FCF Conversion (Net income) - - - - 4,49% - - 117%
Dividend per Share 2 - - - - - - - -
Announcement Date 03/28/19 03/09/20 03/08/21 03/08/22 03/13/23 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period : December 2023 Q1 2023 Q2 2023 Q3 2023 Q4
Net sales 1 - - - -
EBITDA 1 162 172 152 164
EBIT 1 -19,7 -22,0 -22,8 -21,3
Operating Margin - - - -
Earnings before Tax (EBT) - - - -
Net income 1 86,6 92,0 113 85,9
Net margin - - - -
EPS 2 0,07 0,07 0,08 0,09
Dividend per Share - - - -
Announcement Date 05/03/23 08/03/23 11/06/23 -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period : December 2018 2019 2020 2021 2022 2023 2024 2025
Net Debt 1 - - - - - 793 1 281 2 156
Net Cash position 1 542 652 212 118 76,9 - - -
Leverage (Debt/EBITDA) - - - - - 1,25x 1,38x 1,29x
Free Cash Flow 1 -143 -127 -102 -60,0 18,4 -724 -327 1 006
ROE (net income / shareholders' equity) 1,64% 0,88% -0,81% 2,24% 15,1% 13,3% 14,7% 20,1%
Shareholders' equity 1 1 588 2 172 2 444 2 467 2 714 3 062 3 102 4 298
ROA (Net income/ Total Assets) - 0,89% - - - - - -
Assets 1 - 2 165 - - - - - -
Book Value Per Share 2 1,87 - - - - 2,73 3,14 3,66
Cash Flow per Share 2 -0,02 -0,01 -0,05 -0,01 0,14 0,04 0,49 0,93
Capex 1 128 114 380 52,0 159 866 750 326
Capex / Sales - - - - - - 1 107% 93,4%
Announcement Date 03/28/19 03/09/20 03/08/21 03/08/22 03/13/23 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating :
Investor Rating :
ESG Refinitiv :
C+
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
12
Last Close Price
9.222USD
Average target price
11.34USD
Spread / Average Target
+22.96%
Consensus
1st Jan change Capi.
+16.36% 11 107 M $
+1.56% 156 B $
-3.43% 120 B $
-17.14% 70 797 M $
-7.61% 39 217 M $
+16.01% 35 942 M $
-28.60% 35 530 M $
+2.48% 20 200 M $
-6.78% 15 248 M $
-22.37% 10 674 M $
Integrated Mining
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