Ivanhoe Electric Inc.

Basic Materials
Metal Mining
www.ivanhoeelectric.com

Moat Score
Safety Score

Market Cap $1.07B
PE -5
Debt $46.37M
Cash $87.07M
EV $1.03B
FCF -$176.61M

Earnings

loading chart...

Sales & Net Margins

loading chart...

Earnings	-$208.13M
EBIT	-$194.71M
ROE	-80%
ROA	-52%
FCF	-$176.61M
Equity	$260.25M
Growth Stability	1
PE	-5.13
PB	4.1
P/FCF	-6.04
P/S	329.42
Price/Cash	0.08
Debt/Equity	0.18
Debt/FCF	-0.26
Net Margins	-10K%
Gross Margins	44%
Op. Margins	-6K%
Sales Growth YoY	181%
Sales Growth QoQ	25%
Sales CAGR	-34%
Equity CAGR	105%
Earnings Growth YoY	-43%

Earnings Growth QoQ	-9%
Sales CAGR 5Y	-34%
Equity CAGR 5Y	105%
Earnings CAGR 3Y	-38%
Sales CAGR 3Y	-38%
Equity CAGR 3Y	131%
Market Cap	$1.07B
Revenue	$3.24M
Assets	$375.43M
Total Debt	$46.37M
Cash	$87.07M
Shares Outstanding	120.33M
EV	1.03B
Moat Score	1%
Safety Score	65%
Working Capital	62.81M
Current Ratio	2.5
Gross Profit	$1.42M
Shares Growth 3y	32%
Equity Growth QoQ	-14%
Equity Growth YoY	-33%

Assets & ROA

loading chart...

Stockholders Equity & ROE

loading chart...

Ivanhoe Electric Inc is a mineral project exploration and development company with a focus on identifying and developing mineral projects, and ultimately mines, associated with the metals necessary for electrification, in particular, copper, gold, silver, nickel, cobalt, vanadium, and the platinum group metals. It operates in three business segments - critical metals; data processing and software licensing services; and energy storage systems. The data processing segment that derives the majority of revenue provides data analytics, geophysical modeling, and artificial intelligence services for the mineral, oil & gas, and water exploration industries.

SEC Filings

Direct access to Ivanhoe Electric Inc. (IE) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2023
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2022
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30

Sector Comparison

How does Ivanhoe Electric Inc. compare to its competitors?

Loading chart...

Peter Lynch's Chart

This chart shows the current pricing of Ivanhoe Electric Inc. compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

loading chart...

Ivanhoe Electric Inc. Discounted Cash Flow

Fully customizable DCF calculator online for Ivanhoe Electric Inc..

Years

Calculation mode

= -$1.8B

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	-$177M	-$177M	-$177M	-$177M	-$177M	-$177M	-$177M	-$177M	-$177M	-$177M	-$177M	-$1.8B
DCF		-$161M	-$146M	-$133M	-$121M	-$110M	-$100M	-$91M	-$82M	-$75M	-$68M	-$681M
Value	-$1.8B

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years	12/2021	12/2022	12/2023	TTM
Net Margins	-1K%	-2K%	-6K%	-10K%
ROA	-	-51%	-37%	-52%
ROE	-	-78%	-57%	-80%

Bad Net Margins (-10.12K%)

Net Margins are too low to guarantee profitability in case of higher costs or higher interest rates. Furthermore lower margins cause higher earnings’ volatility.

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years	12/2021	12/2022	12/2023	TTM
Debt over FCF	-	-0.16	-0.27	-0.26
Debt over Equity	2.83	0.13	0.11	0.18
Growth Stability	-	-	-	1

Good Debt/FCF ratio (-0.26)

Net Margins are high enough to offer a good protection on the profits in case of higher costs or higher interests. Furthermore higher margins reduce earnings’ volatility.

Good Debt/Equity ratio (0.18)

The company is not overleveraged and has a good balance between equity and debt.

Good Graham’s Stability (1)

The company has a good stability in its earnings, which is a sign of a good competitive advantage.

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years	12/2021	12/2022	12/2023	CAGR 5Y
Revenue YoY growth	-	81%	-54%	-34%
Earnings YoY growth	-	134%	35%	-
Equity YoY growth	-	642%	82%	105%
FCF YoY growth	-	154%	-5%	-