IGO LIMITED (IGO)
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IGO - IGO LIMITED

FNArena Sector : Nickel
Year End: June
GICS Industry Group : Materials
Index: 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

$9.28

23 Sep
2021

0.100

OPEN

$9.32

1.09%

HIGH

$9.38

2,447,811

LOW

$9.11

TARGET
$7.90 -14.9% downside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
MCR . PAN . WSA . HIG . POS . SRL . CLQ . NIC . CTM . LEG .
FNARENA'S MARKET CONSENSUS FORECASTS
IGO: 1
Title FY20
Actual
FY21
Actual
FY22
Forecast
FY23
Forecast
EPS (cps) xxx 72.5 28.6 xxx
DPS (cps) xxx 10.0 10.2 xxx
EPS Growth xxx 100.0% - 60.5% xxx
DPS Growth xxx - 8.2% 2.3% xxx
PE Ratio xxx N/A 32.4 xxx
Dividend Yield xxx N/A 1.1% xxx
Div Pay Ratio(%) xxx 13.8% 35.7% xxx

Dividend yield today if purchased 3 years ago: 2.18%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

1.08

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: 07/09 - 10c (100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2021 FactSet UK Limited. All rights reserved
Title 201620172018201920202021
EPS Basic xxxxxxxxxxxxxxx72.5
DPS All xxxxxxxxxxxxxxx10.0
Sales/Revenue xxxxxxxxxxxxxxx912.1 M
Book Value Per Share xxxxxxxxxxxxxxx
Net Operating Cash Flow xxxxxxxxxxxxxxx446.1 M
Net Profit Margin xxxxxxxxxxxxxxx60.16 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201620172018201920202021
Return on Assets xxxxxxxxxxxxxxx18.59 %
Return on Equity xxxxxxxxxxxxxxx21.41 %
Return on Total Capital xxxxxxxxxxxxxxx %
Capex xxxxxxxxxxxxxxx87.9 M
Capex % of Sales xxxxxxxxxxxxxxx9.64 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx330.5 M

Return on Assets

Return on Equity

Return on Total Capital

Capex

Capex % of Sales

Free Cash Flow ex dividends

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

EXPERT VIEWS
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Sentiment Indicator

-0.4

No. Of Recommendations

4
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Credit Suisse

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Morgan Stanley

xx/xx/xxxx

5

xxxxxxxxxxx

$xx.xx

xx.xx%

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Macquarie

01/09/2021

-1

No Rating

-

The FY21 result was in-line with Macquarie's expectations, with the dividend a positive surprise. Earnings (EBITDA) and operating cash flow increased around 10% year-on-year. FY22 guidance was unchanged. The 10cps dividend was well ahead of the analyst's forecast.

Delayed realised pricing on the Greenbushes contract has driven a -24% decrease in the broker's FY22 EPS forecast.

Due to research restrictions, Macquarie cannot provide a valuation at present.

FORECAST
Macquarie forecasts a full year FY22 dividend of 8.00 cents and EPS of 33.00 cents.
Macquarie forecasts a full year FY23 dividend of 18.00 cents and EPS of 54.30 cents.

Citi

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

4

xxxxxxx

$xx.xx

xx.xx%

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IGO STOCK CHART