IPERIONX LIMITED (IPX)
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IPX - IPERIONX LIMITED

FNArena Sector : Industrial Metals
Year End: June
GICS Industry Group : Materials
Debt/EBITDA: -0.06
Index: ASX300 | ALL-ORDS

LAST PRICE CHANGE +/- CHANGE % VOLUME

$3.52

08 Oct
2024

-0.070

OPEN

$3.61

-1.95%

HIGH

$3.69

464,028

LOW

$3.50

TARGET
$3.95 12.2% upside
OTHER COMPANIES IN THE SAME SECTOR
AIS . CHN . COB . DVP . JMS . OMH . WA1 .
FNARENA'S MARKET CONSENSUS FORECASTS
IPX: 1
Title FY22
Actual
FY23
Actual
FY24
Forecast
FY25
Forecast
EPS (cps) xxx - 15.4 - 11.4 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: N/A

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

N/A

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 © 2024 FactSet UK Limited. All rights reserved
Title 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx-15.3
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx0.0 M
Book Value Per Share xxxxxxxxxxxxxxx29.9
Net Operating Cash Flow xxxxxxxxxxxxxxx-28.4 M
Net Profit Margin xxxxxxxxxxxxxxx-

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx-61.87 %
Return on Invested Capital xxxxxxxxxxxxxxx-60.49 %
Return on Assets xxxxxxxxxxxxxxx-56.85 %
Return on Equity xxxxxxxxxxxxxxx-61.87 %
Return on Total Capital xxxxxxxxxxxxxxx-61.93 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-36.1 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 201920202021202220232024
Short-Term Debt xxxxxxxxxxxxxxx1 M
Long Term Debt xxxxxxxxxxxxxxx2 M
Total Debt xxxxxxxxxxxxxxx2 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx50 M
Price To Book Value xxxxxxxxxxxxxxx6.83

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx12.3 M
Capex % of Sales xxxxxxxxxxxxxxx-
Cost of Goods Sold xxxxxxxxxxxxxxx1 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx34 M
Research & Development xxxxxxxxxxxxxxx13 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

24/09/2024

1

Speculative Buy

$3.95

12.22%

Bell Potter is encouraged by the conversion of an early-stage agreement with Ford Motor Company to the announcement of a contract in the supply of titanium powders and vehicle components for Iperionx.

The contract is expected to produce around $11m in revenues and will last 45-months, starting in 2025.

There are no changes to the broker's forecasts, but the analyst believes Iperionx has the potential to disrupt supply chains in titanium due to the reduction in production costs and waste.

Speculative Buy rating retained with a lift in the target price to $3.95 from $3.85.

FORECAST
Bell Potter forecasts a full year FY24 dividend of 0.00 cents and EPS of minus -11.40 cents.
Bell Potter forecasts a full year FY25 dividend of 0.00 cents and EPS of minus -13.20 cents.

EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

1

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

Canaccord Genuity

27/05/2024

1

Speculative Buy

$3.60

2.27%

Speculative Buy rating retained for IperionX with an unchanged price target of $3.60. Canaccord Genuity notes the company's recent equity raise of US$33m supports its Phase 1 capex and working capital requirements.

A site visit has increased confidence in the technical and operational parameters of the HAMR process, which is expected to commence production in the final quarter of the year.

Revenue and cost forecasts for 2024 have been slightly revised, with the FY24 net income forecast improved to -US$5.7m from -US$5.8m. The results matched expectations, and the broker believes the outlook remains positive with significant potential for scale-up and valuation upside.

FORECAST
Canaccord Genuity forecasts a full year FY24 dividend of 0.00 cents and EPS of minus -3.00 cents.
Canaccord Genuity forecasts a full year FY25 dividend of 0.00 cents and EPS of minus -2.00 cents.

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