IGO LIMITED (IGO)
Share Price Analysis and Chart

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IGO - IGO LIMITED

FNArena Sector : Nickel
Year End: June
GICS Industry Group : Materials
Debt/EBITDA: 1
Index: ASX100 | ASX200 | ASX300 | ALL-ORDS

IGO Ltd, formerly known as Independence Group, is an Australian exploration and mining company operating in Western Australia and the Northern Territory. It has been a listed company since 2002.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$7.36

24 May
2024

-0.250

OPEN

$7.50

-3.29%

HIGH

$7.52

2,760,248

LOW

$7.35

TARGET
$7.21 -2.0% downside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
ARL . CTM . LEG . NIC . PAN . POS . QPM . SRL . WIN .
FNARENA'S MARKET CONSENSUS FORECASTS
IGO: 1
Title FY22
Actual
FY23
Actual
FY24
Forecast
FY25
Forecast
EPS (cps) xxx N/A 66.3 xxx
DPS (cps) xxx N/A 14.7 xxx
EPS Growth xxx N/A N/A xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A 11.1 xxx
Dividend Yield xxx N/A 2.0% xxx
Div Pay Ratio(%) xxx N/A 22.1% xxx

Dividend yield today if purchased 3 years ago: 10.15%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

10.05

Estimated Dividend Growth
(Average Of Past Three Years)

 %

Amount Invested

Tell Me The Dividend After This Many Years

Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages

Last ex-div: 12/03 - ex-div 11c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 201820192020202120222023
EPS Basic xxxxxxxxxxxxxxx72.5
DPS All xxxxxxxxxxxxxxx74.0
Sales/Revenue xxxxxxxxxxxxxxx1,049.9 M
Book Value Per Share xxxxxxxxxxxxxxx501.2
Net Operating Cash Flow xxxxxxxxxxxxxxx1,387.0 M
Net Profit Margin xxxxxxxxxxxxxxx52.30 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201820192020202120222023
Return on Capital Employed xxxxxxxxxxxxxxx15.20 %
Return on Invested Capital xxxxxxxxxxxxxxx13.39 %
Return on Assets xxxxxxxxxxxxxxx11.46 %
Return on Equity xxxxxxxxxxxxxxx15.20 %
Return on Total Capital xxxxxxxxxxxxxxx3.25 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx905.7 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 201820192020202120222023
Short-Term Debt xxxxxxxxxxxxxxx208 M
Long Term Debt xxxxxxxxxxxxxxx225 M
Total Debt xxxxxxxxxxxxxxx432 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx838 M
Price To Book Value xxxxxxxxxxxxxxx3.03

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201820192020202120222023
Capex xxxxxxxxxxxxxxx338.4 M
Capex % of Sales xxxxxxxxxxxxxxx32.23 %
Cost of Goods Sold xxxxxxxxxxxxxxx847 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx63 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx2,447 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

-0.4

No. Of Recommendations

5
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Citi

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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UBS

02/05/2024

5

Sell

$7.35

-0.14%

Although IGO might be turning the corner, the March quarter results were nevertheless a miss for UBS on the back of weak spodumene production and softer sales, resulting in a 230kt increase in stockpiles and higher costs

China's "cash for clunkers" announcement is viewed as a potential catalyst for Tianqi's decision to take another 200kt, reducing the stockpile.

Adjusting for these sales and the higher costs, forecast FY24 EPS declines by -1% and -11% for FY25.

The target price is lowered by -4% to $7.35 and the Sell rating is retained.

The report was published on May 1.

FORECAST
UBS forecasts a full year FY24 EPS of 73.00 cents.
UBS forecasts a full year FY25 EPS of 35.00 cents.

Bell Potter

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Morgan Stanley

xx/xx/xxxx

5

xxxxxxxxxxx

$xx.xx

xx.xx%

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IGO STOCK CHART