IPERIONX LIMITED (IPX)
Share Price Analysis and Chart

Enter the company code or Name for stock analysis:

IPX

IPX - IPERIONX LIMITED

FNArena Sector : Industrial Metals
Year End: June
GICS Industry Group : Materials
Debt/EBITDA: -0.11
Index: ASX200 | ASX300 | ALL-ORDS

LAST PRICE CHANGE +/- CHANGE % VOLUME

$5.09

27 Nov
2025

0.240

OPEN

$5.12

4.95%

HIGH

$5.20

1,289,302

LOW

$5.02

TARGET
$9.25 81.7% upside
OTHER COMPANIES IN THE SAME SECTOR
AIS . CHN . COB . DVP . JMS . MTM . OMH . WA1 .
FNARENA'S MARKET CONSENSUS FORECASTS
IPX: 1
Title FY24
Actual		 FY25
Actual		 FY26
Forecast		 FY27
Forecast
EPS (cps) xxx - 18.4 - 5.7 xxx
DPS (cps) xxx 0.0 0.0 xxx
EPS Growth xxx N/A N/A xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A N/A xxx
Dividend Yield xxx N/A 0.0% xxx
Div Pay Ratio(%) xxx N/A N/A xxx

Dividend yield today if purchased 3 years ago: 0.00%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 0.00

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: 18/11 - (franking Ex-Di

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2025 FactSet UK Limited. All rights reserved
Title 202020212022202320242025
EPS Basic xxxxxxxxxxxxxxx-18.4
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx0.0 M
Book Value Per Share xxxxxxxxxxxxxxx44.1
Net Operating Cash Flow xxxxxxxxxxxxxxx-33.7 M
Net Profit Margin xxxxxxxxxxxxxxx-

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202020212022202320242025
Return on Capital Employed xxxxxxxxxxxxxxx-50.09 %
Return on Invested Capital xxxxxxxxxxxxxxx-48.56 %
Return on Assets xxxxxxxxxxxxxxx-44.87 %
Return on Equity xxxxxxxxxxxxxxx-50.09 %
Return on Total Capital xxxxxxxxxxxxxxx-53.62 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-59.8 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 202020212022202320242025
Short-Term Debt xxxxxxxxxxxxxxx1 M
Long Term Debt xxxxxxxxxxxxxxx5 M
Total Debt xxxxxxxxxxxxxxx6 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx84 M
Price To Book Value xxxxxxxxxxxxxxx10.77

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202020212022202320242025
Capex xxxxxxxxxxxxxxx37.5 M
Capex % of Sales xxxxxxxxxxxxxxx-
Cost of Goods Sold xxxxxxxxxxxxxxx4 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx57 M
Research & Development xxxxxxxxxxxxxxx16 M
Investments - Total xxxxxxxxxxxxxxx0 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

1.0

No. Of Recommendations

1
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Bell Potter

12/11/2025

1

Speculative Buy

$9.25

81.73%

Bell Potter notes the US Department of War’s Acquisition Transformation Strategy will overhaul defence procurement, prioritising speed, modernisation, and production capacity.

The strategy is viewed as a strong tailwind for ASX-listed US defence-focused equities, particularly drone and additive manufacturing groups, through faster contract cycles, improved funding access, and greater demand visibility.

The broker highlights agile development, digital engineering, and private investment partnerships as key reforms to boost efficiency and reduce regulatory friction.

Bell Potter, which covers 11 stocks in the space, maintains a positive sector view.

For IperionX, the Speculative Buy rating and $9.25 target are maintained. This company specialises in the production and processing of high-performance titanium alloys and critical minerals.

FORECAST
Bell Potter forecasts a full year FY26 dividend of 0.00 cents and EPS of minus -5.70 cents.
Bell Potter forecasts a full year FY27 dividend of 0.00 cents and EPS of 1.40 cents.
Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

2

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Petra Capital

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Canaccord Genuity

03/09/2025

1

Speculative Buy

$8.90

74.85%

Canaccord Genuity highlights the expansion at IperionX's stage 1 capacity at Virginia TMC comes with materially improved economics. This is reflected in lower stage 2 capex of -US$75m vs prior -US$100m, and a decline in costs to US$29/kg.

More importantly, the pivot from powders to manufactured titanium products transforms the earnings profile, with EBITDA potential of US$260m at 1,400tpa from early 2028.

The broker sees the risk/reward improving materially as IperionX captures higher-value markets.

Speculative Buy. Target rises to $8.90 from $6.65.

FORECAST
Canaccord Genuity forecasts a full year FY26 dividend of 0.00 cents and EPS of minus -4.00 cents.
Access Extra Coverage Research History >

IPX STOCK CHART

FNArena News on IPX

1
Australian Broker Call *Extra* Edition – Nov 27, 2025

Nov 27 2025 - Daily Market Reports
2
In Brief: Rare Earths, Hub24 & Sigma Healthcare

Oct 24 2025 - Weekly Reports
3
Australian Broker Call *Extra* Edition – Sep 10, 2025

Sep 10 2025 - Daily Market Reports
4
Australian Broker Call *Extra* Edition – Sep 09, 2025

Sep 09 2025 - Daily Market Reports
5
Rudi’s View: BlueScope Steel, IGO, GrainCorp, Pilbara Minerals, Santos & More

Aug 14 2025 - Rudi's View

Latest Industrial Metals News

1
Are Markets Ready For Today’s Model-T Moment?

Nov 24 2025 - Australia
2
How Much Sandfire ‘Premium’ Is Justified?

Oct 29 2025 - Commodities
3
Valuation vs Sentiment For Pilbara Minerals

Oct 28 2025 - Commodities
4
Roaring Twenties 2.0: AI & Clean-Energy Transformations Shaping Global Markets

Aug 11 2025 - International
5
Lynas’ Valuation Key Point Of Contention

Jul 30 2025 - Australia
6
Iluka: Rare Earths Upside Emerging

Jul 28 2025 - Commodities
7
Lithium’s Bringing Excitement Back

Jul 24 2025 - Technicals
8
Iluka Resources Perking Up

Jul 15 2025 - Technicals
9
The Global Impact Of Trump’s Copper Tariff

Jul 14 2025 - Commodities
10
Capstone’s Copper Evolution Continues

Jul 02 2025 - Commodities