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IGO Limited is an other industrial metals & mining business based in Australia. IGO shares (IGO) are listed on the Australian Securities Exchange (ASX) and all prices are in Australian Dollars. IGO has a trailing 12-month revenue of around $671.7 million. If you're looking to buy shares, check out the steps below.
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| 52-week range | $4.0165 - $10.2 |
|---|---|
| 50-day moving average | $9.1964 |
| 200-day moving average | $8.2315 |
| Target price | $9.36 |
| PE ratio | 11.2919 |
| Dividend yield | $0.1 (1.13%) |
| Earnings per share (TTM) | $0.805 |
The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.
Historical closes compared with the last close of A$9.69
| 1 week (2021-10-12) | 9.24% |
|---|---|
| 1 month (2021-09-17) | 3.42% |
| 3 months (2021-07-19) | 15.63% |
| 6 months (2021-04-19) | 38.83% |
| 1 year (2020-10-19) | 122.00% |
|---|---|
| 2 years (2019-10-18) | 68.52% |
| 3 years (2018-10-19) | 130.71% |
| 5 years (2016-10-19) | 137.50% |
Valuing IGO stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of IGO's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
IGO's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 11x. In other words, IGO shares trade at around 11x recent earnings.
That's relatively low compared to, say, the P/E ratio for the ASX over the 12 months to December 2019 (32.14). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.
IGO's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $395.2 million (£0.0 million).
The EBITDA is a measure of a IGO's overall financial performance and is widely used to measure a its profitability.
| Revenue TTM | $671.7 million |
|---|---|
| Operating margin TTM | 25.9% |
| Gross profit TTM | $492.6 million |
| Return on assets TTM | 3.68% |
| Return on equity TTM | 4.56% |
| Profit margin | 81.68% |
| Book value | 4.226 |
| Market capitalisation | $6.9 billion |
TTM: trailing 12 months
Dividend payout ratio: 58.82% of net profits
Recently IGO has paid out, on average, around 58.82% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 1.1% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), IGO shareholders could enjoy a 1.1% return on their shares, in the form of dividend payments. In IGO's case, that would currently equate to about A$0.1 per share.
IGO's payout ratio would broadly be considered high, and as such this stock could appeal to those looking to generate an income. Bear in mind however that companies should normally also look to re-invest a decent amount of net profits to ensure future growth.
The latest dividend was paid out to all shareholders who bought their shares by 6 September 2021 (the "ex-dividend date").
Over the last 12 months, IGO's shares have ranged in value from as little as $4.0165 up to $10.2. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (AU average) beta is 1, while IGO's is 1.0203. This would suggest that IGO's shares are a little bit more volatile than the average for this exchange and represent, relatively-speaking, a slightly higher risk (but potentially also market-beating returns).
IGO Limited operates as an exploration and mining company that engages in discovering, developing, and operating assets focused on metals to enable clean energy in Australia. It owns and operates a 100% interest in the Nova nickel-copper-cobalt operation located in the Great Western Woodlands, northeast of Norseman. The company's primary properties are the Fraser Range nickel-copper and Paterson copper projects. It focuses on investing in lithium mines, as well as holds 100% interest in the downstream processing refinery at Kwinana in Western Australia to produce battery grade lithium hydroxide. The company was formerly known as Independence Group NL and changed its name to IGO Limited in January 2020. IGO Limited was incorporated in 2000 and is headquartered in Perth, Australia.
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