IONEER LIMITED (INR)
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INR - IONEER LIMITED

FNArena Sector : New Battery Elements
Year End: June
GICS Industry Group : Materials
Debt/EBITDA: -0.02
Index: ASX300 | ALL-ORDS

Ioneer is an Australian lithium and boron miner and producer. Its major project is the Rhyolite Ridge project in Nevada, USA. It was listed in 2007 under the name Global Geoscience and changed name in 2018.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$0.145

01 Dec
2023

-0.010

OPEN

$0.16

-6.45%

HIGH

$0.16

13,698,945

LOW

$0.14

TARGET
$0.40 175.9% upside
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FNARENA'S MARKET CONSENSUS FORECASTS
INR: 1
Title FY24
Forecast		 FY25
Forecast
EPS (cps) - 3.0 xxx
DPS (cps) 0.0 xxx
EPS Growth N/A xxx
DPS Growth N/A xxx
PE Ratio N/A xxx
Dividend Yield 0.0% xxx
Div Pay Ratio(%) N/A xxx
This company reports in USD.
All estimates have been converted into AUD by FNArena at present FX values.

Dividend yield today if purchased 3 years ago: 0.00%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 0.00

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
HISTORICAL DATA ARE ALL IN AUD
Copyright © 2023 FactSet UK Limited. All rights reserved
Title 201820192020202120222023
EPS Basic xxxxxxxxxxxxxxx-0.5
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx-
Book Value Per Share xxxxxxxxxxxxxxx14.1
Net Operating Cash Flow xxxxxxxxxxxxxxx-9.8 M
Net Profit Margin xxxxxxxxxxxxxxx-

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201820192020202120222023
Return on Capital Employed xxxxxxxxxxxxxxx-3.21 %
Return on Invested Capital xxxxxxxxxxxxxxx-3.21 %
Return on Assets xxxxxxxxxxxxxxx-3.07 %
Return on Equity xxxxxxxxxxxxxxx-3.21 %
Return on Total Capital xxxxxxxxxxxxxxx-4.84 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-10.7 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 201820192020202120222023
Short-Term Debt xxxxxxxxxxxxxxx0 M
Long Term Debt xxxxxxxxxxxxxxx0 M
Total Debt xxxxxxxxxxxxxxx0 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx79 M
Price To Book Value xxxxxxxxxxxxxxx2.41

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201820192020202120222023
Capex xxxxxxxxxxxxxxx50.4 M
Capex % of Sales xxxxxxxxxxxxxxx-
Cost of Goods Sold xxxxxxxxxxxxxxx0 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx14 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx-

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

Ord Minnett

19/10/2023

1

Speculative Buy

$0.40

175.86%

Ord Minnett updates its forecasts for ioneer following changes in the broker's price deck: it forecasts improvements in lithium prices and rising costs. The broker also evaluates risks associated with permitting against ioneer's leverage to the lithium priced.

Onto risks, the broker observes permitting timeframes to be better than most US projects but spies potential downside risk relating to adjustments to the mine plan around critical habitat approvals that could cause project delays or affect inventory.

The company remains sensitive to the lithium price, a 10% improvement capable of driving a 25% improvement from Rhyolite Ridge, with leverage equally matched to the downside. Expansion of Rhyolite ridge could provide upside but study results are required.

The broker also extends project timelines and increases the discount rate.

Speculative Buy rating retained. Target price falls to 40c from 62c.

FORECAST
Ord Minnett forecasts a full year FY24 dividend of 0.00 cents and EPS of minus -3.02 cents.
Ord Minnett forecasts a full year FY25 dividend of 0.00 cents and EPS of minus -4.53 cents.
Access Stockbroker Research History >

INR STOCK CHART

FNArena News on INR

1
Australian Broker Call *Extra* Edition – Nov 09, 2023

Nov 09 2023 - Daily Market Reports
2
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3
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4
Ignore Short Term Lithium Price Volatility

Jun 01 2023 - Commodities
5
Australian Broker Call *Extra* Edition – May 12, 2023

May 12 2023 - Daily Market Reports

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