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
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

$14.66

04 Oct
2022

0.840

OPEN

$14.13

6.08%

HIGH

$14.73

4,982,513

LOW

$14.06

TARGET
$14.70

+0.03 change from previous day

0.3% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
MCR . PAN . WSA . HIG . POS . SRL . CLQ . NIC . CTM . LEG . ARL . QPM .
FNARENA'S MARKET CONSENSUS FORECASTS
IGO: 1
Title FY21
Actual
FY22
Actual
FY23
Forecast
FY24
Forecast
EPS (cps) xxx 43.7 189.6 xxx
DPS (cps) xxx 10.0 42.5 xxx
EPS Growth xxx 81.0% 100.0% xxx
DPS Growth xxx 0.0% 100.0% xxx
PE Ratio xxx N/A 7.9 xxx
Dividend Yield xxx N/A 2.8% xxx
Div Pay Ratio(%) xxx 22.9% 22.4% xxx

Dividend yield today if purchased 3 years ago: 1.62%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

0.67

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: 15/09 - ex-div 5c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2022 FactSet UK Limited. All rights reserved
Title 201720182019202020212022
EPS Basic xxxxxxxxxxxxxxx43.7
DPS All xxxxxxxxxxxxxxx10.0
Sales/Revenue xxxxxxxxxxxxxxx845.2 M
Book Value Per Share xxxxxxxxxxxxxxx453.8
Net Operating Cash Flow xxxxxxxxxxxxxxx388.4 M
Net Profit Margin xxxxxxxxxxxxxxx39.15 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201720182019202020212022
Return on Capital Employed xxxxxxxxxxxxxxx9.97 %
Return on Invested Capital xxxxxxxxxxxxxxx8.94 %
Return on Assets xxxxxxxxxxxxxxx7.83 %
Return on Equity xxxxxxxxxxxxxxx9.97 %
Return on Total Capital xxxxxxxxxxxxxxx7.82 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx237.4 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

This is work in progress. Bear with us. It'll be amazing.

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.4

No. Of Recommendations

6
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

UBS

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Morgan Stanley

xx/xx/xxxx

5

xxxxxxxxxxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Credit Suisse

31/08/2022

1

Outperform

$14.50

-1.09%

FY22 results were largely announced with the June quarter update. There was no change to FY23 guidance and no more incremental news on asset performance was provided.

An update on Kwinana is expected in the September quarter. The spodumene pricing mechanism will be restructured in September and take effect in 2023.

While IGO has told the market to assume the old structure is in place in the absence of any developments, Credit Suisse considers it highly unlikely the ATO will allow the prior structure to continue as the pricing market is evolved rapidly over the last few years.

In nickel, the broker believes IGO could disrupt the third-party nickel concentrate market and an update on strategy is expected in October. Outperform maintained. Target is raised to $14.50 from $13.00.

FORECAST
Credit Suisse forecasts a full year FY23 dividend of 33.00 cents and EPS of 165.00 cents.
Credit Suisse forecasts a full year FY24 dividend of 31.00 cents and EPS of 113.00 cents.

Ord Minnett

xx/xx/xxxx

4

xxxxxxx

$xx.xx

xx.xx%

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Citi

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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IGO STOCK CHART