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ioneer Ltd (INR) Report Analysis

Corporate Events

Neutral

ioneer Ltd Presents at Battery Gigafactories US...

2022-06-16 18:44:00

ioneer Ltd Presents at Battery Gigafactories USA 2022, Jun-24-2022 01:45 PM. Speakers: James Derrick Calaway, Executive Chairman.

Neutral

Benchmark Mineral Intelligence, Battery Gigafac...

2022-06-08 00:00:00

Benchmark Mineral Intelligence, Battery Gigafactories USA 2022, Jun 23, 2022 through Jun 24, 2022.

Neutral

ioneer Ltd - Special Call

2021-12-19 22:06:00

To discuss the announcement U.S. Department of Energy's Loan Programs Office invites ioneer into Due Diligence

Negative

ioneer Ltd has completed a Follow-on Equity Off...

2021-10-28 00:00:00

ioneer Ltd has completed a Follow-on Equity Offering in the amount of AUD 95.583855 million. Security Name: Ordinary Shares Security Type:...

Neutral

ioneer Ltd Presents at NWR Resources Series: Mi...

2021-10-04 12:16:00

ioneer Ltd Presents at NWR Resources Series: Mining's best microcaps to midcaps, Oct-12-2021 09:30 AM. Speakers: Bernard Anthony Rowe, CEO, MD...

Neutral

NWR Communications Pty Ltd, NWR Resources Serie...

2021-10-04 11:42:00

NWR Communications Pty Ltd, NWR Resources Series: Mining's best microcaps to midcaps, Oct 12, 2021.

Neutral

ioneer Ltd - Shareholder/Analyst Call

2021-09-20 04:04:00

Extraordinary General Meeting

Positive

ioneer Ltd(ASX:INR) added to S&P Global BMI Index

2021-09-20 00:00:00

ioneer Ltd(ASX:INR) added to S&P Global BMI Index

Positive

ioneer Ltd Reaches an Agreement to Establish A ...

2021-09-16 01:28:00

ioneer Ltd. announced that the company has reached an agreement to establish a joint venture with Sibanye Stillwater Limited to develop the Rh...

Neutral

ioneer Ltd - Special Call

2021-09-15 22:26:00

To discuss the USD 490 million investment and strategic partnership with Sibanye-Stillwater

Neutral

ioneer Ltd, Special/Extraordinary Shareholders ...

2021-09-15 22:19:00

ioneer Ltd, Special/Extraordinary Shareholders Meeting, Oct 21, 2021, at 10:00 AUS Eastern Standard Time. Agenda: To consider approval of the ...

Neutral

ioneer Ltd, Annual General Meeting, Nov 05, 2021

2021-09-15 05:58:00

ioneer Ltd, Annual General Meeting, Nov 05, 2021, at 10:01 E. Australia Standard Time. Agenda: To consider To Adopt the Remuneration Report; t...

Neutral

ioneer Ltd - Shareholder/Analyst Call

2021-09-08 22:24:00

Annual General Meeting

Negative

ioneer Ltd(ASX:INR) dropped from S&P/ASX Emergi...

2021-09-03 00:00:00

ioneer Ltd(ASX:INR) dropped from S&P/ASX Emerging Companies Index

Neutral

Ioneer Awards Engineering and Equipment Contrac...

2021-07-12 22:52:00

13 July 2021- ioneer Ltd. announced it has awarded a major engineering and equipment supply contract to Danish firm, FLSmidth, for the develop...

Negative

ioneer Strengthens US Operations Team

2021-07-06 23:01:00

ioneer Ltd. announced it has made three key appointments to its US operations team as it advances the development of the Rhyolite Ridge Lithiu...

Neutral

Ioneer Ltd Inks Its First Binding Offtake Suppl...

2021-06-30 10:21:00

ioneer Ltd. has inked its first binding offtake supply agreement with EcoPro Innovation Co Ltd, a subsidiary of a South Korean battery maker a...

Neutral

ioneer Ltd Signs a Binding Offtake Supply Agree...

2021-06-30 02:54:00

ioneer Ltd. announced that it has signed a binding offtake supply agreement ("Agreement") with EcoPro Innovation Co Ltd, for a three-year term...

Neutral

ioneer Ltd Presents at Battery Gigafactories USA 2022, Jun-24-2022 01:45 PM

2022-06-16 18:44:00

ioneer Ltd Presents at Battery Gigafactories USA 2022, Jun-24-2022 01:45 PM. Speakers: James Derrick Calaway, Executive Chairman.

Neutral

Benchmark Mineral Intelligence, Battery Gigafactories USA 2022, Jun 23, 2022 through Jun 24, 2022

2022-06-08 00:00:00

Benchmark Mineral Intelligence, Battery Gigafactories USA 2022, Jun 23, 2022 through Jun 24, 2022.

Neutral

ioneer Ltd - Special Call

2021-12-19 22:06:00

To discuss the announcement U.S. Department of Energy's Loan Programs Office invites ioneer into Due Diligence

Negative

ioneer Ltd has completed a Follow-on Equity Offering in the amount of AUD 95.583855 million.

2021-10-28 00:00:00

ioneer Ltd has completed a Follow-on Equity Offering in the amount of AUD 95.583855 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 145,862,742 Price\Range: AUD 0.6553 Transaction Features: Subsequent Direct Listing

Neutral

ioneer Ltd Presents at NWR Resources Series: Mining's best microcaps to midcaps, Oct-12-2021 09:30 AM

2021-10-04 12:16:00

ioneer Ltd Presents at NWR Resources Series: Mining's best microcaps to midcaps, Oct-12-2021 09:30 AM. Speakers: Bernard Anthony Rowe, CEO, MD & Director.

Neutral

NWR Communications Pty Ltd, NWR Resources Series: Mining's best microcaps to midcaps, Oct 12, 2021

2021-10-04 11:42:00

NWR Communications Pty Ltd, NWR Resources Series: Mining's best microcaps to midcaps, Oct 12, 2021.

Neutral

ioneer Ltd - Shareholder/Analyst Call

2021-09-20 04:04:00

Extraordinary General Meeting

Positive

ioneer Ltd(ASX:INR) added to S&P Global BMI Index

2021-09-20 00:00:00

ioneer Ltd(ASX:INR) added to S&P Global BMI Index

Positive

ioneer Ltd Reaches an Agreement to Establish A Joint Venture with Sibanye Stillwater Limited to Develop the Rhyolite Ridge Lithium-Boron Project Located in Nevada, USA

2021-09-16 01:28:00

ioneer Ltd. announced that the company has reached an agreement to establish a joint venture with Sibanye Stillwater Limited to develop the Rhyolite Ridge Lithium-Boron Project located in Nevada, USA (the "Project"). Under the terms of the agreement, Sibanye-Stillwater will contribute $490 million for a 50% interest in the Joint Venture, with ioneer to maintain a 50% interest and retain operatorship. ioneer has also agreed to provide Sibanye-Stillwater with an option to participate in 50% of the North Basin1, upon the election of Sibanye-Stillwater to contribute up to an additional $50 million, subject to certain terms and conditions. In addition, the Company has entered into a subscription agreement with Sibanye-Stillwater for a strategic placement of $70 million of ioneer ordinary shares (the "Sibanye-Stillwater Placement"). The placement shares will be issued to Sibanye-Stillwater at ioneer's 10 day VWAP as of ASX market close on 15 September 2021. The Sibanye-Stillwater Placement is subject to shareholder approval at an Extraordinary General Meeting ("EGM") of the Company's shareholders to be held on 21 October 2021.

Neutral

ioneer Ltd - Special Call

2021-09-15 22:26:00

To discuss the USD 490 million investment and strategic partnership with Sibanye-Stillwater

Neutral

ioneer Ltd, Special/Extraordinary Shareholders Meeting, Oct 21, 2021

2021-09-15 22:19:00

ioneer Ltd, Special/Extraordinary Shareholders Meeting, Oct 21, 2021, at 10:00 AUS Eastern Standard Time. Agenda: To consider approval of the issue of 145,862,742 fully paid ordinary shares in the Company to Sibanye-Stillwater pursuant to the Placement.

Neutral

ioneer Ltd, Annual General Meeting, Nov 05, 2021

2021-09-15 05:58:00

ioneer Ltd, Annual General Meeting, Nov 05, 2021, at 10:01 E. Australia Standard Time. Agenda: To consider To Adopt the Remuneration Report; to re-election of directors; to Approval of issue of performance rights to Directors' fees; to Renewal of proportional takeover approval provisions; and to consider other matter.

Neutral

ioneer Ltd - Shareholder/Analyst Call

2021-09-08 22:24:00

Annual General Meeting

Negative

ioneer Ltd(ASX:INR) dropped from S&P/ASX Emerging Companies Index

2021-09-03 00:00:00

ioneer Ltd(ASX:INR) dropped from S&P/ASX Emerging Companies Index

Neutral

Ioneer Awards Engineering and Equipment Contract to FLSmidth

2021-07-12 22:52:00

13 July 2021- ioneer Ltd. announced it has awarded a major engineering and equipment supply contract to Danish firm, FLSmidth, for the development of the Company's wholly-owned Rhyolite Ridge Lithium-Boron Project (`Rhyolite Ridge' or `the Project') in Nevada, US. The contract has been awarded on a limited notice to proceed (LNTP) basis, with the supply of the equipment packages being conditional on a final investment decision (FID) on the Project by ioneer's Board of Directors. Under the contract, FLSmidth has commenced work on product engineering for the equipment packages, which include crushing and material handling equipment, plus lithium carbonate and boric acid dryers.

Negative

ioneer Strengthens US Operations Team

2021-07-06 23:01:00

ioneer Ltd. announced it has made three key appointments to its US operations team as it advances the development of the Rhyolite Ridge Lithium-Boron Project (Rhyolite Ridge) in Nevada. Rob Stepper has been appointed ioneer's Director of Process Engineering. Rob joins ioneer from Coeur Mining, Inc, where he was General Manager of the open pit Rochester silver-gold mine in Nevada for the last decade. During his tenure, he oversaw the significantexpansion of Rochester's production and mine life. Rob is a metallurgical engineer and served as an executive committee member of the Nevada Mining Association (NVMA) for seven years, including a term as NVMA Chair in 2019/20. Sasha Meyer has been appointed ioneer's Director of Mining. Sasha was the Technical Services Manager and Chief Mine Engineer at US gold-silver producer McEwen Mining Inc, and was recently Project Manager at the Ruby Hill open-pit, heap leach gold mine in Nevada. A mining engineer, Sasha has held senior engineering, safety, environment and technical services roles and has made significant improvements to mining engineering systems and business processes. Kori Breschini joins ioneer as Director of Supply Chain Management. Kori was previously the supply chain manager at Nevada-based gold and silver producer, Hycroft Mining Holding Corporation and, prior to that, held senior procurement roles at Barrick Corporation and Sibanye Stillwater. Kori will lead ioneer's supply chain strategy and execution, which includes managing suppliers, procurement and inventory management on site at Rhyolite Ridge.

Neutral

Ioneer Ltd Inks Its First Binding Offtake Supply Agreement with Ecopro Innovation Co Ltd

2021-06-30 10:21:00

ioneer Ltd. has inked its first binding offtake supply agreement with EcoPro Innovation Co Ltd, a subsidiary of a South Korean battery maker and the world’s second-largest nickel-cobalt-aluminium oxide (NCA) cathode materials manufacturer.

Neutral

ioneer Ltd Signs a Binding Offtake Supply Agreement with EcoPro Innovation Co Ltd

2021-06-30 02:54:00

ioneer Ltd. announced that it has signed a binding offtake supply agreement ("Agreement") with EcoPro Innovation Co Ltd, for a three-year term, in which ioneer will supply EcoPro with lithium carbonate from its Rhyolite Ridge Lithium-Boron Project ("Rhyolite Ridge") in Nevada. The condition precedent of the Agreement is ioneer's final investment decision (FID). Under the Agreement, ioneer will deliver up to 7,000 tonnes per annum (tpa) of lithium carbonate to EcoPro over a three-year term. The 7,000 tpa comprises an initial and firm 2,000 tpa (subject to ioneer's FID) and an additional and optional 5,000 tpa (subject to mutual agreement, no later than First Quarter 2022). EcoPro expects to convert ioneer's lithium carbonate into high purity lithium hydroxide at its cathode plant to meet its customers' requirements. ioneer is expected to produce an annual average of approximately 20,600 tonnes of lithium carbonate, or approximately 22,000 tonnes of lithium hydroxide, along with approximately 174,400 tonnes of boric acid per year over the 26-year mine life1. The dual production of lithium and boric acid allows ioneer to not only produce lithium in the US, but to do so at the very bottom of the global cost curve. ioneer anticipates commencing production in late 2023.

Fundamental Summary

ioneer's recently released results from Q4 indicate that ioneer is performing reasonably well and on par with its peers. It is highly likely that the company will be mostly tethered to market performance and sector movements for the near term. Bottom line, ioneer's financials indicate solid performance in terms of value and growth, which leads us to believe that they may become interesting again in the next few months. But for right now, we gave the company an overall grade of 70 and a HOLD recommendation.

Ioneer Limited Reported Earnings Results for the Year ended 30 June 2021. For the period, the company reported net loss of AUD 10,326,000 or 0.59 cents per share compared to AUD 5,446,000 or 0.34 cents per share a year ago. Loss from operating activities was AUD 8,955,000 compared to AUD 8,256,000 a year ago.

Business Description

ioneer explores for and develops mineral properties in North America. It owns 100% interest in the Rhyolite Ridge lithium-boron project located in Nevada, the United States. The company was formerly known as Global Geoscience Limited and changed its name to ioneer in November 2018. ioneer was incorporated in 2001 and is based in North Sydney, Australia.

Sector Overview

ioneer is included in the Metals & Mining according to GICS (global industry classification standard). The Metals & Mining industry is included in the Materials sector. It includes the producers of aluminum, iron, steel, gold, other diversified metals and minerals, and their related products, as well as the mining and production the above materials. ioneer's industry and sector affiliation are expected to negatively affect their likelihood to overperform the market in the upcoming period, as other sectors appear more likely to benefit from the macroeconomic environment we see now.

Fundamental Highlights


Parameter Value Change Score
Assets 287.0 44.7% 56
Liabilities 3.7 -50.1% 98
Price to Book 3.3 -5.2% 52
Cash & Equivalents 149.0 79.3% 86
Equity 283.4 48.3% 80
EBITDA -12.9 -45.3% 55
Total Revenues 0.1 0.0% 87
Parameter Value Change Score
Return on Equity -5.6 13.5% 60
Net Cashflow 129.3 188.5% 47
Capital Expenditure -32.0 -35.1% 54
Asset Turnover 0.0 0.0% 51
Free Cashflow -0.0 -30.0% 57

* All values are TTM

The below chart reflects ioneer's birds-eye view on its performance with respect to its peers, the company's fillings as reported or to a similar industry, market cap, and country of origin. While ioneer's peer average final assessment score stands on 69.0, ioneer's score is 70.

  •  INR
  •  Peers average
Name Market Cap Balance Sheet Income Statement Cash Flow Rating Final Assessment mc_sort Hidden
BHP Group Limited 208.5B 58 71 75
Hold
69
69 0 1
Fortescue Metals Group Limited 55.0B 65 67 75
Hold
68
68 1 1
Newcrest Mining Limited 19.4B 52 66 57
Underperform
56
56 2 1
South32 Limited 18.7B 84 72 78
Buy
82
82 3 1
Mineral Resources Limited 9.2B 55 63 61
Underperform
56
56 4 1
Lynas Rare Earths Limited 8.3B 70 69 70
Hold
71
71 5 1
Northern Star Resources Limited 8.2B 56 56 73
Underperform
55
55 6 1
IGO Limited 7.8B 50 78 72
Hold
71
71 7 1
BlueScope Steel Limited 7.3B 85 72 52
Hold
72
72 8 1
Pilbara Minerals Limited 6.9B 86 69 86
Buy
83
83 9 1
Allkem Limited 6.9B 57 61 82
Hold
65
65 10 1
OZ Minerals Limited 6.2B 74 66 78
Hold
74
74 11 1
Evolution Mining Limited 4.8B 82 64 50
Hold
64
64 12 1
Alumina Limited 4.4B 50 79 72
Hold
70
70 13 1
OZ Minerals Holdings Pty Ltd 4.0B 84 61 50
Hold
73
73 14 1
Iluka Resources Limited 3.9B 77 60 74
Hold
68
68 15 1
Andean Resources Ltd. 3.7B 86 97 41
Buy
84
84 16 1
Coronado Global Resources Inc. 2.9B 83 74 81
Strong Buy
87
87 17 1
Nickel Industries Limited 2.8B 54 60 70
Underperform
56
56 18 1
AVZ Minerals Limited 2.8B 95 68 58
Hold
75
75 19 1
Sims Limited 2.7B 68 69 82
Hold
74
74 20 1
Zimplats Holdings Limited 2.6B 77 68 64
Hold
71
71 21 1
Liontown Resources Limited 2.4B 81 84 62
Buy
84
84 22 1
Perseus Mining Limited 2.3B 81 65 83
Hold
77
77 23 1
Deterra Royalties Limited 2.3B 77 61 75
Hold
69
69 24 1
Sandfire Resources Limited 1.9B 82 69 76
Buy
79
79 25 1
Core Lithium Ltd 1.8B 83 70 69
Hold
76
76 26 1
Chalice Mining Limited 1.5B 54 81 55
Hold
67
67 27 1
Grange Resources Limited 1.5B 65 64 73
Hold
66
66 28 1
Capricorn Metals Ltd 1.3B 86 69 82
Buy
82
82 29 1
West African Resources Limited 1.3B 87 59 66
Hold
68
68 30 1
Silver Lake Resources Limited 1.2B 66 63 58
Hold
62
62 31 1
De Grey Mining Limited 1.2B 66 47 73
Underperform
53
53 32 1
Gold Road Resources Limited 1.2B 64 67 56
Hold
63
63 33 1
Lake Resources NL 1.2B 66 73 68
Hold
71
71 34 1
Sayona Mining Limited 1.2B 66 73 68
Hold
71
71 35 1
Regis Resources Limited 1.1B 53 53 69
Underperform
50
50 36 1
Piedmont Lithium Inc. 1.1B 88 77 60
Buy
84
84 37 1
5E Advanced Materials Inc. 927.2M 47 58 61
Underperform
51
51 38 1
Syrah Resources Limited 856.9M 49 50 69
Underperform
46
46 39 1
Equigold NL 854.0M 50 65 87
Hold
67
67 40 1
Ramelius Resources Limited 828.4M 56 68 62
Hold
60
60 41 1
Vulcan Energy Resources Limited 826.7M 67 78 71
Hold
77
77 42 1
Jervois Global Limited 813.1M 78 71 54
Hold
72
72 43 1
Mincor Resources NL 808.9M 62 77 57
Hold
67
67 44 1
Imdex Limited 796.9M 71 56 74
Hold
70
70 45 1
Bellevue Gold Limited 722.0M 84 69 54
Hold
70
70 46 1
St Barbara Limited 701.5M 53 70 56
Underperform
59
59 47 1
Emerald Resources NL 679.4M 60 68 84
Hold
70
70 48 1
Red 5 Limited 671.6M 47 75 59
Hold
61
61 49 1
Boart Longyear Group Ltd. 651.0M 60 74 68
Hold
69
69 50 1
Mount Gibson Iron Limited 629.5M 48 78 64
Hold
66
66 51 1
Westgold Resources Limited 575.3M 54 65 63
Underperform
58
58 52 1
OM Holdings Limited 563.6M 84 75 82
Buy
85
85 53 1
Australian Strategic Materials Ltd 540.9M 51 74 72
Hold
67
67 54 1
Neometals Ltd 531.9M 60 72 60
Hold
65
65 55 1
Adriatic Metals PLC 528.8M 66 73 68
Hold
71
71 56 1
Argosy Minerals Limited 467.8M 66 73 68
Hold
71
71 57 1
Perenti Global Limited 461.4M 60 78 67
Hold
72
72 58 1
Champion Iron Limited 441.1M 58 71 55
Hold
64
64 59 1
Panoramic Resources Limited 420.4M 58 71 67
Hold
66
66 60 1
Hastings Technology Metals Limited 404.8M 65 68 67
Hold
68
68 61 1
Alkane Resources Limited 402.0M 78 70 68
Hold
73
73 62 1
Centaurus Metals Limited 397.2M 66 73 68
Hold
71
71 63 1
Bowen Coking Coal Limited 385.5M 66 73 68
Hold
71
71 64 1
Jupiter Mines Limited 372.2M 66 81 50
Hold
64
64 65 1
Galan Lithium Limited 362.2M 66 73 68
Hold
71
71 66 1
Talga Group Ltd 359.9M 53 60 62
Underperform
53
53 67 1
BCI Minerals Limited 349.8M 71 68 60
Hold
66
66 68 1
Metals X Limited 344.8M 68 87 68
Buy
82
82 69 1
Pantoro Limited 330.8M 66 73 68
Hold
71
71 70 1
Aurelia Metals Limited 327.8M 65 58 60
Underperform
56
56 71 1
Macmahon Holdings Limited 283.7M 68 65 62
Hold
66
66 72 1
Lotus Resources Limited 277.3M 66 73 68
Hold
71
71 73 1
Firefinch Limited 236.2M 66 73 68
Hold
71
71 74 1
Andromeda Metals Limited 229.8M 66 73 68
Hold
71
71 75 1

Technical Analysis

When trying to optimize the timing of an investment, it's critical to analyze whether the stock looks overbought or oversold, and in which direction the momentum is moving. ioneer's stock is now priced above its 5-day, but below its 50-day and 200-day moving average, while its MACD (moving average convergence divergence) indicates that the stock's price movement momentum is weakening. Historically, this is a positive setup in the near-term. Meanwhile, looking at the Stochastic Oscillator and RSI (relative strength index), ioneer's stock indicates that it's likely oversold. Overall, these technical indicators signal negative momentum. Therefore, this stock received a cumulative TA (technical analysis) score of 52.

Bearish 52
Close Price 0.44
52W Low 0.32
52W High 0.85
5D MA 0.38
50D MA 0.52
200D MA 0.63
MACD -0.04
RSI 0.4
STOCH 77.42

Balance Sheet Analysis

ioneer appears likely to maintain its strong balance sheet metrics and momentum going forward. ioneer is doing a good job of keeping its liabilities under control and growing intelligently. At filing, their liabilities were 3.7, representing -50.1% change from the previous period. This performance is all interesting relative to their peers and suggests that their stock price has room to grow to reflect a higher intrinsic value. Therefore, we rated their liabilities movement with a score of 98. Also, ioneer's management was effective in improving its cash and cash equivalents metrics, which now sit at 149.0. This represents 79.3% change from the last reporting period. Its impressive cash and cash equivalents metrics should support upward pressure on its's stock price. The company's cash and cash equivalents movement, therefore, received a grade of 86. That said, one metric, Book Value Factors, stood out as strongly negative. ioneer publishes concerning book value factor metrics in this report. price to book ratio (P/B) now sits at 3.3 and represents -5.2% change from the previous report. This characteristic can affect companies in the same industry and market capitalization by up to 0.3%. The company's book value factors were lackluster and showed that management hasn't figured out how to overperform expectations. Therefore, their book value factors earned a score of 52. Therefore, it received a score of 85.

Parameter Value Change Score
Assets 287.0 44.7% 56
Liabilities 3.7 -50.1% 98
Price to Book 3.3 -5.2% 52
Cash & Equivalents 149.0 79.3% 86
Equity 283.4 48.3% 80
* All values are TTM

The below chart describes ioneer's performance as reflected on its balance sheet with respect to its peers. While ioneer received a balance sheet score of 85, the average of its peers stands on 70.0.

  •  INR
  •  Peers average
Name Market Cap Liabilities Movement Asset Change Equity/Intangibles Adjustments Cash & Equivalents Book Value Momentum Balance Sheet mc_sort Hidden
BHP Group Limited 208.5B 74 92 47 52 76 58 0 1
Fortescue Metals Group Limited 55.0B 83 66 68 55 69 65 1 1
Newcrest Mining Limited 19.4B 85 72 46 46 73 52 2 1
South32 Limited 18.7B 74 73 80 79 74 84 3 1
Mineral Resources Limited 9.2B 83 73 52 42 90 55 4 1
Lynas Rare Earths Limited 8.3B 74 59 77 62 68 70 5 1
Northern Star Resources Limited 8.2B 87 70 56 48 65 56 6 1
IGO Limited 7.8B 43 37 80 42 63 50 7 1
BlueScope Steel Limited 7.3B 64 75 87 90 68 85 8 1
Pilbara Minerals Limited 6.9B 87 59 81 87 56 86 9 1
Allkem Limited 6.9B 53 64 44 65 89 57 10 1
OZ Minerals Limited 6.2B 87 72 72 69 72 74 11 1
Evolution Mining Limited 4.8B 47 57 76 96 54 82 12 1
Alumina Limited 4.4B 51 69 50 46 84 50 13 1
OZ Minerals Holdings Pty Ltd 4.0B 81 62 51 97 87 84 14 1
Iluka Resources Limited 3.9B 76 66 87 69 53 77 15 1
Andean Resources Ltd. 3.7B 70 37 60 97 92 86 16 1
Coronado Global Resources Inc. 2.9B 44 56 87 85 71 83 17 1
Nickel Industries Limited 2.8B 41 44 72 50 70 54 18 1
AVZ Minerals Limited 2.8B 99 56 82 98 66 95 19 1
Sims Limited 2.7B 85 72 83 49 57 68 20 1
Zimplats Holdings Limited 2.6B 80 69 68 76 73 77 21 1
Liontown Resources Limited 2.4B 43 55 82 97 37 81 22 1
Perseus Mining Limited 2.3B 81 70 73 82 66 81 23 1
Deterra Royalties Limited 2.3B 99 79 61 75 68 77 24 1
Sandfire Resources Limited 1.9B 41 64 87 87 73 82 25 1
Core Lithium Ltd 1.8B 37 55 82 94 66 83 26 1
Chalice Mining Limited 1.5B 98 78 39 46 89 54 27 1
Grange Resources Limited 1.5B 54 70 51 71 92 65 28 1
Capricorn Metals Ltd 1.3B 69 59 81 91 65 86 29 1
West African Resources Limited 1.3B 92 56 81 92 42 87 30 1
Silver Lake Resources Limited 1.2B 69 62 62 71 57 66 31 1
De Grey Mining Limited 1.2B 44 49 79 69 48 66 32 1
Gold Road Resources Limited 1.2B 83 72 56 65 60 64 33 1
Lake Resources NL 1.2B 78 74 55 64 78 66 34 1
Sayona Mining Limited 1.2B 78 74 55 64 78 66 35 1
Regis Resources Limited 1.1B 77 74 51 48 63 53 36 1
Piedmont Lithium Inc. 1.1B 97 54 82 97 39 88 37 1
5E Advanced Materials Inc. 927.2M 44 83 54 45 37 47 38 1
Syrah Resources Limited 856.9M 63 75 38 46 94 49 39 1
Equigold NL 854.0M 57 46 86 50 45 50 40 1
Ramelius Resources Limited 828.4M 67 41 78 48 49 56 41 1
Vulcan Energy Resources Limited 826.7M 39 53 80 74 41 67 42 1
Jervois Global Limited 813.1M 71 71 44 94 95 78 43 1
Mincor Resources NL 808.9M 83 78 43 62 56 62 44 1
Imdex Limited 796.9M 59 69 83 61 75 71 45 1
Bellevue Gold Limited 722.0M 96 56 81 87 42 84 46 1
St Barbara Limited 701.5M 80 69 51 49 61 53 47 1
Emerald Resources NL 679.4M 51 58 80 51 57 60 48 1
Red 5 Limited 671.6M 49 45 39 55 96 47 49 1
Boart Longyear Group Ltd. 651.0M 85 79 39 60 87 60 50 1
Mount Gibson Iron Limited 629.5M 94 76 39 41 74 48 51 1
Westgold Resources Limited 575.3M 77 65 55 47 73 54 52 1
OM Holdings Limited 563.6M 84 69 84 81 50 84 53 1
Australian Strategic Materials Ltd 540.9M 44 69 55 46 84 51 54 1
Neometals Ltd 531.9M 97 77 46 50 97 60 55 1
Adriatic Metals PLC 528.8M 78 74 55 64 78 66 56 1
Argosy Minerals Limited 467.8M 78 74 55 64 78 66 57 1
Perenti Global Limited 461.4M 68 71 51 61 74 60 58 1
Champion Iron Limited 441.1M 66 49 73 47 67 58 59 1
Panoramic Resources Limited 420.4M 78 75 43 58 85 58 60 1
Hastings Technology Metals Limited 404.8M 75 72 56 67 67 65 61 1
Alkane Resources Limited 402.0M 45 56 83 88 40 78 62 1
Centaurus Metals Limited 397.2M 78 74 55 64 78 66 63 1
Bowen Coking Coal Limited 385.5M 78 74 55 64 78 66 64 1
Jupiter Mines Limited 372.2M 63 93 46 52 80 66 65 1
Galan Lithium Limited 362.2M 78 74 55 64 78 66 66 1
Talga Group Ltd 359.9M 90 78 38 45 95 53 67 1
BCI Minerals Limited 349.8M 86 73 58 67 82 71 68 1
Metals X Limited 344.8M 90 77 50 67 80 68 69 1
Pantoro Limited 330.8M 78 74 55 64 78 66 70 1
Aurelia Metals Limited 327.8M 85 69 59 60 72 65 71 1
Macmahon Holdings Limited 283.7M 47 61 72 78 44 68 72 1
Lotus Resources Limited 277.3M 78 74 55 64 78 66 73 1
Firefinch Limited 236.2M 78 74 55 64 78 66 74 1
Andromeda Metals Limited 229.8M 78 74 55 64 78 66 75 1

Income Statement Analysis

ioneer appears likely to maintain its strong income statement metrics and momentum going forward. ioneer's financials reveal an interesting trend for their revenue efficiency. This characteristic can affect companies in the same industry and market capitalization by up to 24.0%. Their revenue efficiency, specifically in contrast to their industry peers', should support a positive movement in the company's stock price. As a result, its revenue efficiency earned a score of 87. Also, In this filing, ioneer reported a return on equity (ROE) ratio of -5.6, which represents a change of 13.5%. These numbers show that management has successfully encouraged growth while managing ROE and ROA metrics, especially relative to their peers. Consequently, their return factors received a grade of 60. However, one discouraging result, EBITDA, stood out. ioneer's EBIDTA now sits at -12.9 and represents -45.3% change from the last reporting period. This metric might have a 20.0 percent impact on companies in the same industry and with the same market capitalization. ioneer appears to be headed in the wrong direction in terms of EBITDA momentum, likely due to insufficient capital controls and a weaker than expected overall financial performance. Therefore, their EBITDA component earned a score of 55. Its income statement, therefore, earned a score of 69.

Parameter Value Change Score
EBITDA -12.9 -45.3% 55
Total Revenues 0.1 0.0% 87
Return on Equity -5.6 13.5% 60
* All values are TTM

The below chart describes ioneer's performance as reflected on its income statement with respect to its peers. While ioneer received a income statement score of 69 , the average of its peers stands on 68.0.

  •  INR
  •  Peers average
Name Market Cap Revenue Momentum Earning Movement Return Factors Momentum Income Statement mc_sort Hidden
BHP Group Limited 208.5B 64 79 79 71 0 1
Fortescue Metals Group Limited 55.0B 58 78 75 67 1 1
Newcrest Mining Limited 19.4B 95 45 48 66 2 1
South32 Limited 18.7B 47 94 95 72 3 1
Mineral Resources Limited 9.2B 94 42 44 63 4 1
Lynas Rare Earths Limited 8.3B 50 91 83 69 5 1
Northern Star Resources Limited 8.2B 48 66 68 56 6 1
IGO Limited 7.8B 98 72 48 78 7 1
BlueScope Steel Limited 7.3B 86 71 66 72 8 1
Pilbara Minerals Limited 6.9B 38 96 96 69 9 1
Allkem Limited 6.9B 46 75 74 61 10 1
OZ Minerals Limited 6.2B 48 82 82 66 11 1
Evolution Mining Limited 4.8B 94 46 43 64 12 1
Alumina Limited 4.4B 87 73 76 79 13 1
OZ Minerals Holdings Pty Ltd 4.0B 39 88 45 61 14 1
Iluka Resources Limited 3.9B 50 62 89 60 15 1
Andean Resources Ltd. 3.7B 37 89 91 97 16 1
Coronado Global Resources Inc. 2.9B 39 98 97 74 17 1
Nickel Industries Limited 2.8B 66 61 55 60 18 1
AVZ Minerals Limited 2.8B 87 63 41 68 19 1
Sims Limited 2.7B 45 90 92 69 20 1
Zimplats Holdings Limited 2.6B 94 50 52 68 21 1
Liontown Resources Limited 2.4B 87 78 91 84 22 1
Perseus Mining Limited 2.3B 42 88 83 65 23 1
Deterra Royalties Limited 2.3B 45 83 66 61 24 1
Sandfire Resources Limited 1.9B 64 73 74 69 25 1
Core Lithium Ltd 1.8B 87 47 81 70 26 1
Chalice Mining Limited 1.5B 99 65 76 81 27 1
Grange Resources Limited 1.5B 74 61 61 64 28 1
Capricorn Metals Ltd 1.3B 37 98 97 69 29 1
West African Resources Limited 1.3B 43 84 63 59 30 1
Silver Lake Resources Limited 1.2B 95 42 41 63 31 1
De Grey Mining Limited 1.2B 44 45 76 47 32 1
Gold Road Resources Limited 1.2B 94 48 49 67 33 1
Lake Resources NL 1.2B 87 62 66 73 34 1
Sayona Mining Limited 1.2B 87 62 66 73 35 1
Regis Resources Limited 1.1B 65 50 45 53 36 1
Piedmont Lithium Inc. 1.1B 87 63 68 77 37 1
5E Advanced Materials Inc. 927.2M 74 37 56 58 38 1
Syrah Resources Limited 856.9M 38 67 62 50 39 1
Equigold NL 854.0M 79 44 91 65 40 1
Ramelius Resources Limited 828.4M 94 51 48 68 41 1
Vulcan Energy Resources Limited 826.7M 87 67 84 78 42 1
Jervois Global Limited 813.1M 37 94 93 71 43 1
Mincor Resources NL 808.9M 98 57 59 77 44 1
Imdex Limited 796.9M 77 60 56 56 45 1
Bellevue Gold Limited 722.0M 87 44 83 69 46 1
St Barbara Limited 701.5M 93 56 53 70 47 1
Emerald Resources NL 679.4M 37 96 94 68 48 1
Red 5 Limited 671.6M 95 58 66 75 49 1
Boart Longyear Group Ltd. 651.0M 93 58 67 74 50 1
Mount Gibson Iron Limited 629.5M 99 62 66 78 51 1
Westgold Resources Limited 575.3M 84 58 43 65 52 1
OM Holdings Limited 563.6M 50 96 97 75 53 1
Australian Strategic Materials Ltd 540.9M 91 62 66 74 54 1
Neometals Ltd 531.9M 87 66 56 72 55 1
Adriatic Metals PLC 528.8M 87 62 66 73 56 1
Argosy Minerals Limited 467.8M 87 62 66 73 57 1
Perenti Global Limited 461.4M 73 81 87 78 58 1
Champion Iron Limited 441.1M 95 50 45 71 59 1
Panoramic Resources Limited 420.4M 95 50 62 71 60 1
Hastings Technology Metals Limited 404.8M 90 51 53 68 61 1
Alkane Resources Limited 402.0M 68 74 74 70 62 1
Centaurus Metals Limited 397.2M 87 62 66 73 63 1
Bowen Coking Coal Limited 385.5M 87 62 66 73 64 1
Jupiter Mines Limited 372.2M 96 46 50 81 65 1
Galan Lithium Limited 362.2M 87 62 66 73 66 1
Talga Group Ltd 359.9M 87 40 47 60 67 1
BCI Minerals Limited 349.8M 94 47 56 68 68 1
Metals X Limited 344.8M 94 84 79 87 69 1
Pantoro Limited 330.8M 87 62 66 73 70 1
Aurelia Metals Limited 327.8M 68 58 49 58 71 1
Macmahon Holdings Limited 283.7M 88 51 48 65 72 1
Lotus Resources Limited 277.3M 87 62 66 73 73 1
Firefinch Limited 236.2M 87 62 66 73 74 1
Andromeda Metals Limited 229.8M 87 62 66 73 75 1

Cash Flow Analysis

ioneer's cash flow factors had several troubling metrics this period. ioneer's net cash flow metrics were 129.3 according to their current filing, which represents a 188.5% change from the previous report. Their net cash flow momentum should be a cause for concern and could bring negative momentum for ioneer's stock price going forward. Consequently, their net cash flow movement received a grade of 47. Also, ioneer's asset turnover metrics were concerning and highlighted potential issues management is having effectively turning assets into sales efficiently. At filing, their asset turnover metrics were 0.0, representing a 0.0% change from the previous period. Companies in the same sector and market capitalization will usually be affected by up to 2.7 percent by this parameter. Their lackluster asset turnover metrics, specifically in contrast to leading industry peers' performance, could present significant headwinds. Correspondingly, their asset turnover movement received a grade of 51. However, one encouraging metric, Free Cash flow, stood out. ioneer did a great job related to free cash flow this period, which stood at -0.0, representing a -30.0% change from the previous filing. Companies in the same industry and market capitalization are typically affected by this parameter by up to 4.3%. These free cash flow numbers show that management has executed well while generating cash flow and encouraging growth. Therefore, its free cash flow movement earned a score of 57. Therefore, it received a cautionary score of 51.

Parameter Value Change Score
Net Cashflow 129.3 188.5% 47
Capital Expenditure -32.0 -35.1% 54
Asset Turnover 0.0 0.0% 51
Free Cashflow -0.0 -30.0% 57
* All values are TTM

The below chart describes ioneer's performance as reflected on its cash flow with respect to its peers. While ioneer received a cash flow score of 51, the average of its peers stands on 67.0.

  •  INR
  •  Peers average
Name Market Cap Cashflow Momentum Free Cashflow Growth Capital Expenditure Growth Assets Factors Momentum Cash Flow mc_sort Hidden
BHP Group Limited 208.5B 70 77 80 71 75 0 1
Fortescue Metals Group Limited 55.0B 74 78 69 74 75 1 1
Newcrest Mining Limited 19.4B 58 48 63 55 57 2 1
South32 Limited 18.7B 72 86 82 75 78 3 1
Mineral Resources Limited 9.2B 58 69 54 63 61 4 1
Lynas Rare Earths Limited 8.3B 78 63 76 58 70 5 1
Northern Star Resources Limited 8.2B 70 58 54 91 73 6 1
IGO Limited 7.8B 80 73 66 57 72 7 1
BlueScope Steel Limited 7.3B 48 47 56 70 52 8 1
Pilbara Minerals Limited 6.9B 87 97 76 78 86 9 1
Allkem Limited 6.9B 75 77 70 84 82 10 1
OZ Minerals Limited 6.2B 69 97 66 73 78 11 1
Evolution Mining Limited 4.8B 54 49 61 39 50 12 1
Alumina Limited 4.4B 68 74 76 70 72 13 1
OZ Minerals Holdings Pty Ltd 4.0B 49 86 84 39 50 14 1
Iluka Resources Limited 3.9B 75 84 52 74 74 15 1
Andean Resources Ltd. 3.7B 40 55 56 37 41 16 1
Coronado Global Resources Inc. 2.9B 77 86 53 93 81 17 1
Nickel Industries Limited 2.8B 75 63 76 61 70 18 1
AVZ Minerals Limited 2.8B 60 69 76 37 58 19 1
Sims Limited 2.7B 83 98 56 82 82 20 1
Zimplats Holdings Limited 2.6B 75 77 63 44 64 21 1
Liontown Resources Limited 2.4B 59 69 76 51 62 22 1
Perseus Mining Limited 2.3B 69 94 90 83 83 23 1
Deterra Royalties Limited 2.3B 77 88 96 51 75 24 1
Sandfire Resources Limited 1.9B 73 85 63 71 76 25 1
Core Lithium Ltd 1.8B 61 69 76 72 69 26 1
Chalice Mining Limited 1.5B 53 62 84 38 55 27 1
Grange Resources Limited 1.5B 75 79 76 62 73 28 1
Capricorn Metals Ltd 1.3B 81 83 81 79 82 29 1
West African Resources Limited 1.3B 73 84 42 58 66 30 1
Silver Lake Resources Limited 1.2B 63 53 64 47 58 31 1
De Grey Mining Limited 1.2B 80 69 76 61 73 32 1
Gold Road Resources Limited 1.2B 57 57 54 50 56 33 1
Lake Resources NL 1.2B 68 69 76 60 68 34 1
Sayona Mining Limited 1.2B 68 69 76 60 68 35 1
Regis Resources Limited 1.1B 65 76 68 69 69 36 1
Piedmont Lithium Inc. 1.1B 59 62 69 54 60 37 1
5E Advanced Materials Inc. 927.2M 55 48 71 71 61 38 1
Syrah Resources Limited 856.9M 59 58 43 98 69 39 1
Equigold NL 854.0M 91 69 72 84 87 40 1
Ramelius Resources Limited 828.4M 59 56 81 58 62 41 1
Vulcan Energy Resources Limited 826.7M 67 69 76 69 71 42 1
Jervois Global Limited 813.1M 43 51 38 82 54 43 1
Mincor Resources NL 808.9M 63 63 72 45 57 44 1
Imdex Limited 796.9M 71 72 79 73 74 45 1
Bellevue Gold Limited 722.0M 51 64 56 51 54 46 1
St Barbara Limited 701.5M 54 46 71 55 56 47 1
Emerald Resources NL 679.4M 84 81 80 81 84 48 1
Red 5 Limited 671.6M 68 49 48 59 59 49 1
Boart Longyear Group Ltd. 651.0M 62 74 81 63 68 50 1
Mount Gibson Iron Limited 629.5M 68 69 59 56 64 51 1
Westgold Resources Limited 575.3M 59 69 71 59 63 52 1
OM Holdings Limited 563.6M 75 90 90 75 82 53 1
Australian Strategic Materials Ltd 540.9M 72 69 76 69 72 54 1
Neometals Ltd 531.9M 62 54 71 52 60 55 1
Adriatic Metals PLC 528.8M 68 69 76 60 68 56 1
Argosy Minerals Limited 467.8M 68 69 76 60 68 57 1
Perenti Global Limited 461.4M 61 69 54 78 67 58 1
Champion Iron Limited 441.1M 56 69 51 49 55 59 1
Panoramic Resources Limited 420.4M 69 69 79 54 67 60 1
Hastings Technology Metals Limited 404.8M 65 68 74 57 67 61 1
Alkane Resources Limited 402.0M 69 58 68 71 68 62 1
Centaurus Metals Limited 397.2M 68 69 76 60 68 63 1
Bowen Coking Coal Limited 385.5M 68 69 76 60 68 64 1
Jupiter Mines Limited 372.2M 51 51 84 44 50 65 1
Galan Lithium Limited 362.2M 68 69 76 60 68 66 1
Talga Group Ltd 359.9M 53 48 76 70 62 67 1
BCI Minerals Limited 349.8M 62 54 76 49 60 68 1
Metals X Limited 344.8M 70 81 72 55 68 69 1
Pantoro Limited 330.8M 68 69 76 60 68 70 1
Aurelia Metals Limited 327.8M 72 58 54 49 60 71 1
Macmahon Holdings Limited 283.7M 72 53 46 57 62 72 1
Lotus Resources Limited 277.3M 68 69 76 60 68 73 1
Firefinch Limited 236.2M 68 69 76 60 68 74 1
Andromeda Metals Limited 229.8M 68 69 76 60 68 75 1

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